One of my more popular articles is the one about How to Get out of Debt (more specifically, get out of bad debts). I believe an ounce of prevention is better than a pound of cure, so it’s better to avoid bad debt from accumulating than to keep digging yourself out of it.
As I’ve mentioned in several of my articles, aside from just working to earn money, you also need to Save and Invest if you want to be financially successful.
Now, I’ve already explained why I don’t want to recommend particular stocks on another article (Read that one if you want to know how “Investment Advisors” can manipulate you), but I CAN teach you what I’ve learned from OTHER investors through their books and research!
“Fools say that they learn by experience. I prefer to profit by others experience.” – Otto von Bismarck
Now, you don’t need to be an extremely wealthy super-genius to become an investor. All you need (aside from a broker like BPITrade or ColFinancial if you live in the Philippines) is some money, discipline, and applied knowledge.
It’s the holiday season again and excitement fills the air as employees eagerly await their 13th month salaries and Christmas bonuses!
This holiday, many will soon find their payroll accounts FILLED with cash… that will all be spent in less than a week.
I’m sure you know how that feels. Happy and motivated when you see those big numbers in your payroll… and depressed the next week when you realize that you’ve spent it all.
“It’s not how much you earn, but how much you keep.”
That’s the main reason why many of us don’t achieve more. Every time we earn more, we WASTE more, and we go back to where we were. Two steps forward, two steps back.
So HOW do we stop wasting our 13th month pay and bonuses? How do we put it to better use, while STILL having fun? We’re here to learn that now!
Troubled by your empty wallet and bank account?
Let these 7 Wealth Quotes inspire you to change that!
1. “Being poor is a frame of mind. Being broke is a temporary situation.” – Mike Todd
2. “Empty pockets never held anyone back. Only empty heads and empty hearts can do that.” – Norman Vincent Peale
3. “Beware of little expenses. A small leak will sink a great ship.” – Benjamin Franklin
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.