Your Wealthy Mind

Because Ideas Change Lives

Tips on How to Start an Online Investment Account

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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.

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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.

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3 Reasons Why You Deserve to Be Wealthy

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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.

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Your 10 Lucky Steps to Wealth (A Lesson from Catherine Ponder)

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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.

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Things Great Leaders Say: 4 Leadership Phrases to Learn by Heart

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At a certain point in your career, you will likely get promoted into a leadership position. Aside from that, if you decide to start your own business you’ll be required to take on a leadership role in your company by default. Once you become a leader, you will need to take responsibility for a lot of things and your organization’s success or failure will likely depend on how well you lead others.

In the book The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything by Guy Kawasaki, the author mentioned that good leaders don’t hesitate to use these four phrases: “I don’t know”, “Thank you”, “Do what you think is right”, and “It’s my fault”. While Guy didn’t explain them further, a lot of other leaders did. Why are those four phrases so important? Here’s why…

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Obtaining Life’s Other Riches: Why You Must Never Look Down on Money

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In a previous article, I mentioned how there are many kinds of wealth in life aside from just money. There are thing like health, wisdom, relationships, your contributions to society, and several others that are all important. There are many things more important than money, however you must never use that as an excuse to stop trying to improve your financial life.

While treating money as something more important than things like self-respect or the rule of law leads to trouble, it’s not something we can just dismiss either. After all, money is a very useful tool, like cars, airplanes, computers, and many others. Here are a few examples of life’s other treasures that having financial wealth can help you achieve:

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