Wednesday, November 10, 2010

Are You Financially Educated?

I have just finish reading Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money from Robert earlier this month. Actually, I bought the book from Popular last 2 years for RM66.90 (USD21.66) and leave it on the shelf until today...shame on me. Luckily, I pick up the book and read the whole book today at age 25 years.

The first encounter I have with Robert's book is Cashflow Quadrant: Rich Dad's Guide to Financial Freedom. I saw the book on the shelf back at my home and took it when I was in my 2nd year as undergraduate. The book belongs to my brother. I read the book and was informed about the different quadrants but didn't fully understand the concept. I was only 21 years old then, I guess I was being naive about life after uni-having to work for money. I shared the book with my husband (my boyfriend then) and the seed of wanting to be financially free was planted in our mind. On and on we'll buy books to improve our education on money. I'm now reading Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!

As I'm going to deliver my baby in Penang, my mom came here far away from Sarawak to take care of me during my confinement period. She came one month before my expected due date to process our traditional Foo-Chow's red wine. So I gave my favourite book for her to read Cashflow Quadrant: Rich Dad's Guide to Financial Freedom. After she finished reading the book, she said "my life would have been different if I read Roberts' book 30 years back!" And I said to her, "It's never too late to know now than for you to never realize what happen to your money for the rest of your life." She agreed and continue reading the second book Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money and now reaching out for the third book Why We Want You to be Rich: Two Men - One Message.

I didn't know Amazon is selling second hand books, now I can buy Robert's book at a cheaper bargain. I think being rich does not happen overnight, it requires the right education and practice to success. Robert's books are indeed a great start to educate ourself on money matters. Start your financial education as early as possible so that you won't regret it only when you are out of time and money. All the best!


Warmest Regards,


  1. gal... dont just read.. must practise what u read oso, othws da only ppl getting rich are da authors and publishers selling u those books...

  2. angel is right! Practice! Practice! Practice! Just Do It

  3. Thanx Angel and Jade, you are absolutely right! I'm learning to see property (planning to have my first investment in apartment). There are so many things to know, ROI, how to calculate the passive income, the tax law etc. Since I don't have much for downpayment,i need to think of other possible ways for me to acquire the property that will generate passive income. Any advice?

  4. now with the new tax on real estate, it is not so worth it to invest in property liao... besides, housing prices are increasing like bubbles... i'd wait and see first. everyone oso jumping into the property investment bandwagon nowadays. do something else to generate income and save first la...

  5. Okay, thank you Angel, I'll keep your advice in mind. You've mentioned about the new tax on real estate, would you mind sharing some information or links that I can study on? Thanx