Wealth and Finance

The Biggest Mistake you can make Before Investing

November 1, 2016 by Ray L. 5 Comments

Tagalog Version (Click Here)

I remember joining a forex trading seminar several years ago, and the instructors taught the basics of how trading currencies work. Among the lessons we learned were how the markets work, how news and economies affect exchange rates, and other lessons such as the difference between the buy and sell price of currency pairs (it’s called the “spread”), how to use the MT4 program, and more. The event lasted well into the evening due to the amount of information that was taught. It was even more educational because of what I learned from the people I talked to afterwards.

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It’s your right to be Rich and Successful

October 25, 2016 by Ray L. Leave a Comment

Tagalog Version (Click Here)

Stress from work, bills to pay, and all sorts of problems popping up every day. All of them can make life seem hopeless sometimes and you probably think that what you have now, a life living paycheck to paycheck, is all that you’re ever going to get. You could even think that mediocrity, failure, and even poverty are all normal.

Well, they’re not.

What you SHOULD have and what you’re DESTINED to have is wealth and success. It’s your right to be rich, and no matter how much you think otherwise, you are deserving of it as you work to earn it. Remember these quotes if you ever start to doubt that.

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Making money on the side: Business Ideas and Other ways to Earn Money

September 19, 2016 by Ray L. Leave a Comment

*This article contains affiliate links.

Tagalog Version (Click Here)

Sometimes, simply imagining possibilities can show you opportunities that you’ve simply never noticed. Are you stuck in a rut? Do you want more income to cover all your bills, debts, and other expenses? Do you want to just branch off and do something different from the 9-5 rush, even if it’s only for the weekends? Try brainstorming for small business ideas and other ways to earn more income. You’re sure to find opportunities for making money on the side once you start searching for possibilities, so why don’t you start here for a little inspiration?

*Take note: These are ideas I got from a Monday morning brainstorming session. Just imagine the things you can think of on your own or with your friends when you have more time.

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Holes in your Wallet? How to Start Tracking, Cut Expenses, and Save Money

September 13, 2016 by Ray L. Leave a Comment

Tagalog Version (Click Here)

“Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.” – Charles Dickens

Can you save a sinking ship if you don’t know where the leak is? Can you save money if you don’t know how it all disappears? One of the best and simplest ways to cut expenses is to record where your money goes and THEN reduce wasteful spending. After that, compare your expenses with your income and slowly lower it until you make far more than what you spend.

Personally, I’ve found that a simpler version of Vicki Robin and Joe Dominguez’ technique from “Your Money or Your Life” works best, and I’ll show you how to use it here.

*By the way, you can either create your own file, or you can use the free template that I’ll share with you later. I’ve personally used it since 2009.

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Will your Kindness and Financial Success destroy your family?

September 6, 2016 by Ray L. Leave a Comment

Tagalog Version (Click Here)

“Why should we work hard when you’ll give us free stuff anyway?” Buckle down for a moment as this might be a painful lesson if you’re already financially successful (or on the way there). Even though wealth and financial success allows you to help others (family, friends, and beggars) more easily, too much of it can backfire. Instead of giving them wings to fly, you might make them dependent on your handouts.

“In general, I am opposed to giveaways and handouts. They take away initiative and responsibility from people. If people know that things can be received ‘free,’ they tend to spend their energy and skill chasing the ‘free’ things rather than using the same energy and skill to accomplish things on their own. Handouts encourage dependence rather than self-help and self-confidence.” – Muhammad Yunus, Creating a World Without Poverty

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