Everyone has a story to tell. We all have our own unique talents, experiences, and specialties which we can all use to help others, and bloggers are no different. Even though the subject is the same (personal finance and investing), the wisdom we share and the knowledge we can learn from each other are all unique. I’ve been following several blogs ever since I started writing, and these are some of the ones I enjoy reading. Come on and check them out! You might learn something new.
“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.
Sometimes, all you need is just one crucial piece of info in order to succeed, and one of the best ways to find it is to learn from the writings of those who have already succeeded at it. Here’s my short guide on choosing the best books about anything you need to accomplish.
(But First!) Why Books over Free Blog Posts and other Internet Resources?
- In general, most well-written books are organized well from start to finish. Although you might find the same information in a collection of blog posts, their ideas will tend to be fragmented and you might have a more difficult time synthesizing and combining the information into something workable.
- Unlike blog posts which, by necessity, need to be short and thus cannot go into too much detail on certain topics, well-written books can and do go in-depth about their subjects and do it as a consistent and thematic whole.
- This is, most likely, the most important one: Since literally almost ANYONE can write a blog, you’ll find MILLIONS of posts (and “free” eBooks) out there that are garbage, like plagiarized content, black hat SEO spam, etc. (so says the blogger, though I DO promise excellence, you know). Books, on the other hand, get evaluated by editors before they get published and that’s the first way to screen out the trash. The second safeguard are unbiased book reviews that are posted all over the internet. A quick read of those reviews will tell you if the information contained in a book is right for you or not.
*This post contains affiliate links.
“Many times the reading of a book has made the fortune of a man.” – Ralph Waldo Emerson
You can have anything, be anything, and do anything you desire when you LEARN how to do it. You’ve obtained everything you have now, your salary, your relationships, and your career success, because that’s what you know how to earn.
It’s also all you’ve gotten because that’s ALL you learned to earn.
If you want to become even MORE successful in life, grow as a leader, and have a healthier body, then check out these books here! You might just find what you need.
Always remember: Ideas change lives.
In my previous article (“The Rich vs. Poor Myth: Wealth never Stolen; it is EARNED”), I posted about the Philippine poverty rate of nearly 26%. There is poverty everywhere, EVEN WHEN THERE SHOULDN’T BE.
It’s not just the poor who suffer. Much of the middle class are stuck in the drudgery of the “rat race.” It’s what Filipinos call “isang kahig, isang tuka” (lit. “one scrape, one meal”) or a life of living paycheck to paycheck.
So what is the solution? Most finance bloggers like me would say it’s Financial Education. For many who lack money or prosperity, the solution is to simply LEARN how to EARN it.
Learn how to create value and opportunities, just like every rich person who ever lived (check this article to see why).
There are many success and finance books, seminars, government programs, and many bloggers and writers who write about wealth building… yet very few use it. You can give the BEST Wealth and Finance Training in the World but still fail horribly at enriching people’s lives.
“If you think education is expensive, try ignorance.”
– Derek Bok
Long ago in preschool (a year or two before grade 1), I remember our teacher giving us a quick assignment before going home:
“Take a whole sheet of pad paper and write numbers!”
Following the instructions, my tiny self tore a sheet of paper and started writing. In my zeal, I wrote past 100 before passing my paper. The teacher said one word:
“Labis” (Superfluous) and handed my paper back to me.
At that time, I had no idea what that word meant… but since she gave back the paper, I assumed that what I wrote wasn’t enough so I kept writing.
A while later, nearly all my other preschool friends submitted their papers and started going home. Since mine was still being rejected, I continued until my parents had to pick me up from the classroom.
I still thought I wasn’t finished.
By my last count, I’ve read over 100 books and each one contained precious bits of wisdom that I use (consciously or not) to this day. I may not remember most of what’s written in those books, but they had all been valuable.
I’ve written an earlier blog about how valuable great books are (see “From Books to Riches”), and I’ll say it here again.
I don’t know any other investment whose cost is so far removed from its value aside from a Great Book.
Remember: You can achieve ANYTHING you want in life… ONLY when you LEARNED how to do it.
“Many speak the truth when they say that they despise riches, but they mean the riches possessed by other men.”
– Charles Caleb Colton
Sometimes I walk by the most beautiful malls and shopping centers in the Philippines, like Greenbelt, SM Aura, Bonifacio High Street, and several others. Everywhere I look there are rich people eating at restaurants where each dish costs more than a worker’s daily pay, dressed in the finest clothes that costs more than an average employee’s monthly salary, and buying gadgets that would take most of us a few years to save up for.
On the other side of the city, a few miles from those areas of luxury are entire communities who can’t afford a decent lifestyle. According to ABS-CBN’s report on the Philippine Statistics Authority (PSA)’s Annual Poverty Indicators Survey (APIS) last 2014, around one in every four Filipinos live in poverty. Without a good source of income, many are forced to scavenge dumpsters and trash cans for food, sleep in cardboard boxes every night, and are forced to beg for a few coins to survive.
While some children play in the streets wearing dirty rags on weekdays because their families can’t afford to send them to school (a key to moving up in society), the children of wealthy parents have everything handed to them on a silver platter: the latest toys and gadgets, nutritious food, the best education, and far more.