post

Skills for a Better Livelihood: A Quick Glance at TESDA

skills for a better livelihood a quick glance at tesda yourwealthymind your wealthy mind

Tagalog Version (Click Here)

“Give a man a fish and he’ll eat for a day; teach a man how to fish and he’ll eat for a lifetime.”

One of the main reasons why YourWealthyMind.com was created is to help the needy by providing information that they might need. For the average poor Filipino or the low wage employee with a family to feed, life feels like a maze of hard work with little reward. Fortunately, the way out can be learned.

Before we begin, we have to learn one important fact: It’s not how hard we work that determines our pay but how much VALUE we give.

A street sweeper earns less than a software developer.

A rag peddler earns less than a real estate sales agent.

A cook that makes cheap stew earns less than a gourmet chef at a five-star restaurant.

The time and effort at work is similar, but the pay differences are immense.

What’s the key to it all? Useful KNOWLEDGE.

[Read more…]

post

What are Stocks and Why should you Invest in them?

what are stocks and why should you invest in them yourwealthymind your wealthy mind

Tagalog Version (Click Here)

After controlling your expenses, paying back debts and saving money, the next step in your journey to financial freedom is to start investing! What’s one of the best and most common investment vehicles nowadays? Stocks! Now, if you haven’t had the time to study what stocks are and if you want to learn the basics, then we have a short guide for you right here!

 

What are Stocks?

Imagine you and nine of your friends want to start a business so you each equally contribute around P1,000 in cash, equipment, materials and more. In that business, you each decide to share the profits and ownership equally. In that scenario, it will be similar to the business having 10 shares of stock and each of you own one.

Stocks, which also called “shares” or “equities,” signify shares of ownership in a company. The Stock Market is the place where these shares are traded. If, for example, a certain company issues 10,000 shares of stock outstanding and you bought 100 shares, you become a stockholder and you own 1% of that company (100 is 1% of 10,000).

Like the example above, if you’re a stockholder you own part of the company’s assets AND you might also receive a part of the company’s profits in the form of Dividends. Some companies don’t give out dividends and simply reinvest earnings though, so in those cases you earn money when you sell them after the stock price goes up (capital appreciation) or when you perform a short sell. [Read more…]

post

Choosing the Best Stocks: 10 Investing Terms you HAVE to Learn

choosing the best stocks 10 investing terms you have to learn yourwealthymind your wealthy mind pixabay

Tagalog Version (Click Here)

Personal finance gurus all teach you to save a part of what you earn and invest it, but not a lot of them will teach you the specifics of fundamental analysis (analyzing the specifics of companies) and how you should choose specific stock investments aside from “buy shares of big companies.”

Warren Buffett said that “Risk comes from not knowing what you’re doing.” Before you invest in a stock, you need to learn what the company’s valuation numbers mean. You need to know what the numbers say about the company’s performance instead of gambling solely on what the stock price graphs say.

*Note: This is a basic guide and I’ll include links to the Investopedia articles if you want to know more about each one. The true importance of this guide is in its Tagalog translation as it’s intended to serve as a primer for Filipinos who want to learn a few things about choosing the best stocks.

[Read more…]

post

Are you Afraid of Success?

are you afraid of success yourwealthymind your wealthy mind pixabay

Tagalog Version (Click Here)

Many of us dream of living in a big beautiful mansion, earning a lot of money, having lots of friends, and a loving family… but one main reason why we don’t achieve it is because many of us are subconsciously afraid of success.

To be more specific, many of us are afraid of what we need to do in order to become successful. We are afraid of giving up the comfortable things that we have now and we are afraid of trying new things in order to earn something better.

Whenever we think about the good life, doubts also cloud our mind and we can only think of the reasons why we CAN’T do it. The mansion, the riches, and the happy family all seem like an IMPOSSIBILITY for us and we think to ourselves “What if I fail in business? What if I invest and lose money? What if I don’t like that new job or I get fired? What if those people hate me? Why can’t I tell my family directly that I love them? What if I lose everything I have now?” Thus, we stay as we are, do what we’ve always done, and keep earning what we’ve always gotten.

Aside from all that, many want positive changes, but few want to MAKE those changes. Many want to be rich and successful, but few are actually willing to do the work required. Millions of people fail because they’re too scared to try.

What do you do? How do you resolve that fear? How do you earn the life you want?

[Read more…]

post

10 Wealth Quotes – Strive for the Best

10 wealth quotes strive for the best yourwealthy mind your wealthy mind pixabay
Tagalog Version (Click Here)
1. “The indispensable first step to getting the things you want out of life is this; decide what you want.” – Ben Stein

If you don’t have clear goals, the outcome of your life will be simple: Since you’re going nowhere, you’ll just end up merely working to survive.

 

2. “Don’t worry about what other people think, there will always be people who want to see you fail, because they can’t succeed.” – Source Unknown

If you do well in life, people will criticize you for doing better. If you don’t do well, people will criticize you for being a failure and mock you to feel better about themselves. If you stay on the same level as everyone else, you’ll feel the worst outcome of all: your own heart with criticize you for giving up on your dreams.

 

3. “Think you are weak, think you lack what it takes, think you will lose, think you are second class – think this way and you are doomed to mediocrity.” – David J. Schwartz

[Read more…]

post

Why the Government won’t make you Rich

government-wont-make-you-rich-pinterest

Tagalog Version (Click Here)

The Philippine presidential elections will happen VERY soon and I remember some people thinking “if the government wasn’t corrupt we’d be rich!” or “we are poor because the government is terrible!” During these times, some candidates are hailed by the their supporters as the “savior” who will change the Philippines and that all of the country’s problems will be solved instantly once they’re elected. As a side effect of this, some people appear to think that when their candidates win and the government changes, all their own personal problems (financial or otherwise) will be solved as well.

While it’s true that government corruption and irresponsibility can destroy the lives and welfare of an entire nation or, at the minimum, make everything more difficult, it’s a terrible mistake to think that having a better government will magically turn you from a simple laborer into a billionaire without you doing anything. The country might change for the better (or it might also change for the worse), but none of that will mean anything to any one of us unless we do something about our own personal situations.

[Read more…]

post

Why you’re not earning as much as you want

why you're not earning as much as you want yourwealthymind your wealthy mind pixabay

Tagalog Version (Click Here)

We all dream of becoming successful: Earn a lot of money, travel the world, provide the best home and education for our family, help the poor and underprivileged, eat great food, change the world, or attain whatever “success” means for us. The only problem is simply finding out how we can achieve it.

You’re likely good at your job, you do your duties better than most of your peers, and you probably know more about the specifics better than your own boss. You work hard to earn money, but you still can’t afford everything you dream of. You’re already tried doing more by working harder, but you still get paid the same. What’s missing? Why aren’t you as successful as you’d like?

[Read more…]

post

How to solve almost ANY Problem

how to solve almost any problem your wealthy mind yourwealthymind pixabay

Tagalog Version (Click Here)

We all face difficulties in life and sometimes we come across certain problems that seem far too difficult to handle. Fortunately, there are multiple ways out of any tough situation and infinite ways through and around every obstacle. The trick is simply learning how to find it.

 

So what ails you?

Your job is too stressful or boring and you want to get out of it… but you can’t find anything better.

You want to get rich in order to live in a better house, eat good food, and send your children to excellent schools… but you came from a poor family and you don’t know what to do.

You want to travel, help the poor to rise above poverty, or follow your life’s dream… but you’re too tied down by your responsibilities.

“How do I get a better job? How can I get rich? How can I follow my dreams?” If you asked Robert H. Schuller the pastor, motivational speaker, and author of books like “Tough Times Never Last, but Tough People do!”, he’ll answer you with a strange question:

[Read more…]

post

Why You should Stop Lending Money

why you should stop lending money yourwealthymind your wealthy mind pixabay

Tagalog Version (Click Here)

“Hey ‘friend,’ can I borrow a couple thousand? I ‘promise’ to pay you back next week.” Do you find it hard to say no? Do you let people abuse you financially? Do you keep letting people borrow money from you even when you know they never pay you back? I’ve had to watch my own mother suffer through that during the early years of my life so when I saw Chinkee Tan’s video, I just HAD to write about it. Never let people take advantage of your kindness.

[Read more…]

post

Five Essential Leadership Lessons You must Learn NOW

five essential leadership lessons pixabay yourwealthymind your wealthy mind

Tagalog Version (Click Here)

For most of us, at some point in our careers we will all be called to step up and take the lead. Whether it’s simply helping and coaching the new guys at work or starting your dream of leading a multinational organization, here are a few simple leadership lessons that you must learn for the sake of your team.

[Read more…]

Click here to connect!