Here’s another leadership concept that you’ll need to learn if you want to become a more effective executive, and it’s called “commander’s intent”. Understanding how to use it will allow you to be better at delegating, get your team to finish more tasks at higher quality, and it also gives experience and responsibility to your team and allow them to grow and develop.
In a previous article about how to start an online investment account, I mentioned that lots of people in the Philippines have become more interested in saving and investing. Unfortunately, the world of investing has many complicated words and terms that people don’t normally use and they tend to scare off a lot of newbies. A lot of people likely give up once they come across sentences and phrases that they don’t understand, and because of that they lose an excellent opportunity to learn how to improve their financial life.
That is the reason why I created this short guide. Here are a few stock and forex trading terms that newbies should learn!
*By the way, “forex” means foreign exchange and it refers to trading currencies.
In the past few years, a lot of Filipinos are becoming more and more interested in saving and investing money and I’ve also noticed more and more Filipino personal finance and investing books popping up at the local bookstore. Just last week my OFW (Overseas Filipino Worker) uncle who lives in America came over to visit and he told me he was going to start an investment account on a popular Philippine online stock broker. He had a lot of questions, and I was happy to answer him and teach the basics.
Read more here:
- What are the Different Kinds of Stocks?
- 5 Tips for Understanding the Stock Market
- Choosing the Best Stocks: 10 Investing Terms you HAVE to Learn
While talking to my uncle, I remembered that while he is comfortable with online registration and all that, a lot of older Filipinos aren’t really tech savvy and could fall prey to online scams. Here are some tips for you if you’re thinking of registering for an online investment or brokerage account.
Orison Swett Marden asked what you would think of a prince, the heir to a wealthy kingdom and the child of a generous king, who runs away from the castle to live in suffering and poverty because he wrongly thinks that his father won’t leave him with anything. When you meet that prince, you see that no matter how much his father tries to give him some wealth, food, and a good home, the prince refuses all of it then turns around to complain about all his “bad luck”.
You’d probably think that the prince was insane or something.
Unfortunately, a lot of us live like that prince. Life gives us all sorts of opportunities and ideas, but we wrongly think that we can’t or we don’t deserve to use them. Some of us also think that it’s “noble” to suffer in poverty for some reason.
It’s time to get rid of that way of thinking. Here are three reasons why we actually deserve to be wealthy and prosperous.
*This article contains affiliate links.
One major lesson I’ve learned from so many self-improvement books is that it’ll be very difficult for us to earn financial and personal success unless we are able to think about and expect to succeed at what we want to do. It’s quite unfortunate that, for most of us, our negative mentality can hold us back. In Catherine Ponder’s Dynamic Laws of Prosperity book, there is a section called “Your Ten Lucky Steps”, and those steps are designed to help you achieve a mind destined for abundance.
We’ll discuss our version of the ten steps here, so you can try them out yourself. Also, if you want to read the original version as well as the whole chapter, you can buy Catherine’s book here.