“For our class this Monday we’ll have a CHEERDANCE COMPETITION!”
I have no idea what our History teacher smoked that week, but that was the assignment he gave us.
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.
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.
One Friday afternoon a friend of mine sent me a video link to an investment strategy.
During the first few minutes I thought it was about money cost averaging, a proven technique for minimizing risk by investing a set amount of money over time, but it wasn’t. It was an advertisement. Like how fast-food hamburgers always look better on TV ads, the investment “system” they featured showed VERY high past performance returns (around 20-30% returns). Those returns are possible… if you’re VERY lucky. Those who expect to ALWAYS get those high returns will be disappointed.
As the video continued to how the system works, my eyes grew wide with shock, and I’m pretty sure I stopped breathing for a few moments. It was like watching an advertisement telling people to drink a bottle of pesticide as a “health” drink.