Your Wealthy Mind - Page 27 of 57 - Because Ideas Change Lives

30 Most Valuable Personal Money Management Tips You Must Learn NOW

February 20, 2018 by Ray L. 1 Comment

Tagalog Version (Click Here)

Like it or not, money is an important part of modern life. If you want to survive and do well in today’s world, you have to learn to use it wisely. If you want to become financially well off, then here are 30 awesome personal finance tips that you have to learn now.

30 Most Valuable Personal Finance Tips You Must Learn NOW

1. Know your financial standing. Are you financially stable with thousands invested in good businesses and assets, or are you thousands in bad debt? You can’t solve problems if you don’t acknowledge that there is a problem, and you can’t find opportunities to improve on if you don’t start searching for them.

2. Use the number 1 money saving technique: “Pay yourself first!” (Save money first before you start spending).

3. “It’s not how much you earn, but how much you keep.” Having a high salary won’t matter at all if you gamble it all away or waste it all buying expensive junk that you don’t need.

4. Establish a savings fund for opportunities or emergencies. It can be your initial capital for a business idea, or a cash buffer if you suddenly lose your job.

5. Avoid bad debts.

No one can be happy, no matter how optimistic, who is forever in the clutches of poverty, of harassing debt.

— Orison Swett Marden

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How to Write a Business Plan

February 13, 2018 by Ray L. 2 Comments

Tagalog Version (Click Here)

In cooking, great chefs follow a concept called “mise en place” (everything in place). That means you must have understood the cooking instructions and prepared all the ingredients before you start to cook any dish. If you don’t make sure that everything is ready, the things you’ve forgotten to prepare can seriously ruin your dish. This concept can be applied to building a business. You must have everything planned out beforehand so you can anticipate problems and resolve them before they even start, and you will also list down the actions that can help boost your business’ chances of success.

Aside from preparing for potential issues, if you need a loan from a bank or you need investors to help you raise capital for your business, they will most likely need to see your business plan first. Think about it. If someone is asking you for ten thousand dollars, the one who knows exactly what they need to do to make the business successful is a much better bet than the one who’s just winging it.

While there are many more detailed business plan guides out there on the internet this one is simply meant to show you the basics. The main reason why I decided to write this was because there’s not a lot of guides out there written in Tagalog. If you want to start writing a business plan, just read this for an overview of the things you need to think about.

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10 Things You Need to Succeed in Life

February 6, 2018 by Ray L. Leave a Comment

Tagalog Version (Click Here)

Imagine a treasure chest full of gold and jewels and it’s all locked away from you with a combination lock. You need to find the winning combination of numbers, actions you need to perform, in order to get the treasure inside. That’s one approximation of what earning success is like.

Life is full of treasure chests, also known as opportunities for success. You need to choose the right chest and then get to work at cracking the code to earn the treasures inside. For earning success in life, these 10 things are just a few of the things you will need to achieve the things you desire.

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How to Deal with Procrastination

January 30, 2018 by Ray L. 1 Comment

Tagalog Version (Click Here)

One of the most important parts of getting things done is simply starting and, unfortunately that’s where many of us fail. While we want to finish that important thing, there’s a hundred others that distract us instead. You probably know what that feels like. There’s a project you need to finish next week and you can complete it today if you want to. It’s 10 a.m. on a Saturday, you start your computer to get to work… and suddenly you accidentally spent the entire day browsing the internet or scrolling through Facebook.

You did the same things and procrastinated the entire week until finally the deadline is tomorrow. You now need to rush the project and with that quality of work it’ll be difficult to get a good grade. I know that’s what I was like when I was a student, and I know I shouldn’t be like that for the rest of my life. You probably think so too if you have the procrastination habit.

So how do you stop yourself from wasting time? Here are a few short tips from Napoleon Hill that can help you overcome procrastination. This isn’t just for getting school work or office projects done. You can also use this for your lifelong goals and aspirations.

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Getting Jobs, Customers, and Clients: How to Promote Yourself and Your Business

January 23, 2018 by Ray L. 1 Comment

Tagalog Version (Click Here)

Have you ever ordered something at a fancy restaurant when a fast food joint would have been much cheaper? Have you ever paid for a massage, spa treatment, or a guided tour of someplace even if you don’t need it? Have you ever taken a cab even if you can just walk a few miles to where you want to go? Have you ever donated to charity?

Have you ever seriously asked yourself why you did those things?

If you learn to ask yourself that and try to answer it for yourself and for others, then you’ve learned one of the most important sales tips in the world. If you don’t know how to use this, you will probably waste lots of money on advertising for your business and job hunting services. Keep reading as this principle can and will help you in your career and business.

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