Unless you run a Chinese food restaurant in your spare time, you probably won’t be able to finish a pound of rice in one sitting. The important thing to remember about storing rice is to always make sure it cools off first. You should never store rice hot, as it will collect condensation and become soggy.
You can keep cooked rice in the fridge for up to a week without any problems. Occasionally rice will get dry when it’s stored. If that happens to your rice, you can microwave it with a few tablespoons of water or a knob of butter and it will come back to life.