Tuesday, May 10, 2011

Before You Quit Your Job



About the book and its Contents

This 260 page book is authored by the popular Robert Kiyosaki, best known for his work Rich Dad, Poor Dad. This book gives 10 lessons packed in 10 chapters, which talk about the kinds of money, the differences between an entrepreneur and employee, as well as the differences between school smarts and street smarts.



Review

This book does teach you some important lessons you will need before you quit your job and start a business. However, it seems to downplay the risks involved in doing so. Or at least it encourages you to take more risk than what is in your comfort zone. This book is also not about how to create a successful feasibility plan for business as the lessons are not organized properly. 



Difficulty Level = 1/5

This is an easy to read book but I find that the lessons being taught are inadequate and a bit generic.


Personal Rating = 2/5

Before you quit your job, I suggest you read a more serious book about starting your own business. It would be unwise to risk your relatively stable job if you do not have a good business plan and a backup plan in case the assumptions go wrong.



Personal finance tip for today:


Even if you have a stable job, it is always best to store a cash balance of at least 3 months' worth of monthly expenses. You never know when a disaster or emergency might strike and need hard cold cash.




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