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Your Wealthy Mind

Because Ideas Change Lives

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Enjoy Your Holy Week!

April 18, 2019 by Ray L. Leave a Comment

Rest up and Enjoy Your Holy Week

Maundy Thursday, Good Friday, Black Saturday, and Resurrection or Easter Sunday, the holy week is a very important holiday for predominantly Christian Filipinos. It’s when Jesus Christ and his apostles had their last supper on Maundy Thusday, had his trial, crucifixion and death on Good Friday, his “rest” in the tomb on Black Saturday, and finally his resurrection on Easter Sunday signifying his promise of eternal life to his followers.

This is also a time where students, workers, and employees get a much needed vacation from work. Traditionally, though most stores and malls stay partially open even on Christmas and New Years, a lot more (including huge shopping malls) close during Holy Week’s Thursday and Friday.

We’ll take a short break this week too, to make time for our own families and friends. For now, we hope you enjoy your vacation as well. We mustn’t forget the significance of this religious holiday, but for now let’s all rest up and enjoy our long weekend. We’ll see you all again next week!

Aphorism 134 “Double Your Resources”: A Lesson from Baltasar Gracian

April 10, 2019 by Ray L. Leave a Comment

Aphorism 134 Double Your Resources A Lesson from Baltasar Gracian your wealthy mind

*This article contains affiliate links.

Tagalog Version (Click Here)

If we’re talking about books containing timeless wisdom, you’ve probably heard about books like Sun Tzu’s Art of War, Niccolo Machiavelli’s The Prince, Miyamoto Musashi’s The Book of Five Rings, and several others. There’s one more that I will recommend to you, and that’s Baltasar Gracian’s The Art of Worldly Wisdom, a book containing over 300 aphorisms and lessons that still are still extremely valuable today.

In this article, we’ll talk about one of those lessons since it’s applicable to money, personal finance, and general success.

[Read more…]

Wealth 101: Focus on Your Net Worth, Not Just Your Salary

April 4, 2019 by Ray L. Leave a Comment

Wealth 101 Focus on Your Net Worth Not Just Your Salary your wealthy mind

*This article contains affiliate links.

Tagalog Version (Click Here)

One of the most valuable lessons about wealth is this: it’s not how much you earn, but how much you keep.

There’s a story in The Richest Man in Babylon where a wise (and wealthy) man asked people what they do for a living in order to demonstrate a point. There was a scribe, a butcher, and several others from different lines of work. They had different levels of income, but their wallets (purses) were all equally empty.

Shouldn’t the ones who earn more have more savings than those who earn less? Why not? And why does that apply to us who live in more modern times?

Keep reading this article to learn more, and to learn the solution.

[Read more…]

What is Inflation? (Economics and Investing Basics)

March 28, 2019 by Ray L. 3 Comments

what is inflation your wealthy mind
Tagalog Version (Click Here)

The inflation rate made the news last 2018, but judging from the comments section on news articles, it seems that a lot of people don’t really understand what it means or how it works. For example, some people were praising the unusually high inflation rate like it’s a good thing, and they don’t seem to understand how bad the situation was especially as they say other countries experience it too.

Some people also mistakenly thought that the higher rate was because there was an increase in the number of jobs and the income increase was devaluing the peso, when that’s actually false (this was a “cost-push” type thanks to a then-recent tax law that also has an excise tax on fuel).

So what’s inflation anyway? Let’s discuss the basics, so keep reading to learn more!

[Read more…]

What are Bonds? (Investing Basics)

March 19, 2019 by Ray L. Leave a Comment

What are Bonds investing basics your wealthy mind
Tagalog Version (Click Here)

*This article contains affiliate links.

If you’ve started learning about investing, you’ve probably heard about investments called bonds. Along with stocks, real estate, and mutual funds/ETFs, they’re another popular investment vehicle. While bonds have lower yield (how much you can earn), they’re generally less volatile and they behave differently compared to stocks and mutual funds.

We’ve covered stocks and mutual funds on previous articles (click those links), now let’s talk about the basics of bonds and the bond market here!

[Read more…]
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