Wednesday, January 26, 2011

"Be a Dividend Millionaire" by Paul Rubillo

Be a Dividend Millionare by Paul Rubillo is not just a book about dividend investing, there are a million of those. This is a book about personal finance management which shows you how to integrate dividend investing as a way of building wealth on top of a solid foundation that everyone needs to have.

I like Paul Rubillo's background, which he describes in details in preface of the book. He isn't some classroom educated CFP who analyzed stocks for thirty years and felt like putting out a book on dividend investing. He's a regular guy who worked regular jobs from delivering mail to collecting trash to running a successful deli in NYC. He started to learn about financial planning and investing, turning that expertise into dividend.com and now his book. These are lessons borne out of experience, not a textbook, he makes it easy for regular folks like me and you regular people.

When I looked at the book's name, my first impression was, "Oh another book about dividends and dividend stocks", but I was actually surprised to discover that it is much broader than that. It starts with more basics like day-to-day household finances and discussion of The Ten Step plan which establishes a strong financial foundation that anyone needs before you look towards investing in more general terms, how to watch Wall Street. Then he gets into stocks deeper in Chapter 5.

I really like the fact that it is written in very easy to understand language without monotony of million charts and tables that are old.

Overall, this book is a good guidebook for anyone who is starting to learn to invest or even manage your money smartly. You can learn how without building a solid financial base and you can't invest in anything. Actual book comes out on May 12, 2011.

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