Your Wealthy Mind

Support Local! A Quick Stop at the 19th Global Pinoy Bazaar (2017)

August 21, 2017 by Ray Leave a Comment

Every so often I travel to distant provinces to hike in scenic mountains or swim at beautiful beaches. Every time I travel, I make it a point to sample the local goods, like the coconut farmer selling coconut water, the merchant selling trinkets and tools handcrafted by his or her family, and the home-style small restaurant or eatery serving their province’s unique cuisine.

In most areas, there will always be that stray 7-eleven, big name fast food chain, or convenience store chain selling the same old cheap stuff you can find everywhere in the big cities like Manila, but I always remember to prioritize the local family-owned shops and restaurants. Big name stores are out to make a profit. The small businesses, on the other hand, were started by entrepreneurs to support their families AND showcase their unique crafts.

When I heard about the Global Pinoy Bazaar, an event by Yabang Pinoy showcasing unique Filipino-made products, I knew I had to go there and check it out.
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Why Reading Books Won’t Guarantee Success (and What WILL)

August 15, 2017 by Ray Leave a Comment

Tagalog Version (Click Here)

We pass knowledge and wisdom to the next generation through books, articles, videos and many other forms of media. That is how society evolves and how the world changes for the better. By learning from what others have gained from experience, we skip years of costly trial and error and use what we learned to advance even further than before. By investing in knowledge, we increase our chances of becoming more successful. The more we know, the more opportunities we’ll be able to use as well as create.

There is, however, one caveat to this and it’s the reason why so many “smart” and well-read people end up in mediocrity. Do not make the mistake of thinking that “knowledge is power.” It certainly isn’t. Or at least, not knowledge alone.

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5 Effective Small Business Investments That Lead to Greater Success

August 12, 2017 by Wendy Dessler Leave a Comment

*Contributed by Wendy Dessler.

As a small business owner, it’s up to you and you alone to invest in your company’s financial future. It is highly unlikely that somebody will take this upon themselves in your organization unless they are a highly paid manager or business partner.

So it’s really up to you to take the bull by the horns and do what’s necessary for your company to achieve lasting success. This may seem scary or even difficult to some, but it’s certainly worth it and it will make your company that much stronger over the long run.

You might be asking yourself, “What do I need to do to invest in my company’s future that will lead to greater success?” The answer to this question will be different for everyone. But to help you get a better understanding of what we’re talking about, we’ll share five effective examples later on.

This way you’ll understand precisely what we mean when we say that you can achieve greater success in your small business by making small investments in the future of your company.

Are you ready to learn how to effectively invest in your small business? Stick with us a little longer to learn the truth.

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The Treasure in the Mountain

August 8, 2017 by Ray Leave a Comment

Tagalog Version (Click Here)

*This story is a work of fiction.

Once upon a time, there existed a magic box that can give 10 million dollars worth of treasure to anyone and everyone who are able to reach it. While it only gives treasure once per person, it never ran out of it so there was more than enough for everyone.

Unfortunately though, that magic box is located in a secluded mountain up north, far from all civilization.

The legend and location of that box is known far and wide, and the information about it is being shared freely by those who have reached it and claimed their share. This story is about the people who have heard the legend.

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How to Start a Small Business in Just a Few Steps

August 3, 2017 by Guest Leave a Comment

*Contributed by Rocky Chan.

As the SME industry is getting tougher and more competitive by the day, along with the rise of many business ideas and concepts unlike any other, your business should outsmart everyone else. It’s going to be a tough road, but coming up with a strategic business plan will surely take your business to a whole other level.

With endless possibilities for unique business ideas, it’s no wonder that small businesses are everywhere. The concept of designing a career that can grow with you while you work towards financial independence, as well as investing in yourself is a huge factor in striving to nail that business idea that can give you.

There are many things you can do to start a small business and eventually, grow it into a big one. Here are the initial steps you need to take to make that business dream come true.

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