Your Wealthy Mind

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The Price of Ignorance: Wasted Time, Effort, and Opportunity

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Tagalog Version (Click Here)

“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.
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10 Best Books I’ve read on Finance, Leadership, and Success

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Tagalog Version (Click Here)

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.
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The “Rich vs Poor” Myth: Wealth is never Stolen; it is EARNED

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Tagalog Version (Click Here)
The Creator never made a man to be poor.
There is nothing in his constitution which fits drudgery and poverty. Man was made for prosperity, happiness, and success.
He was not made to suffer any more than he was made to be insane or be a criminal.
– Orison Swett Marden, Prosperity: How to Attract It

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.

Sounds unfair, right?
It certainly is. Now how can we rise above it?
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