Your Wealthy Mind - Page 28 of 57 - Because Ideas Change Lives

How to Improve Your Decision Making Skills

January 16, 2018 by Ray L. 3 Comments

Tagalog Version (Click Here)

If you want to accomplish more things in life, you have to learn to make decisions quickly.

Did you know that I often go out for coffee when brainstorming for new Your Wealthy Mind articles? Bonifacio Global City (BGC)’s High Street area is like a long open park with shopping mall-like stores, quality restaurants, and good coffee shops. Aside from the usual Starbucks, Coffee Bean and Tea Leaf, and Seattle’s Best, there’s also my favorite Filipino coffee stores like Bo’s, Figaro, and Local Edition. There’s also Cafe de Lipa in Market Market and % Arabica near 30th street.

It takes me around 20 minutes of walking before I finally decide where I want to stay, order coffee, and then think about all the new lessons and articles I want to write for you here. Unfortunately, that’s not a good thing and it’s not about “overpriced coffee” this time.

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Do YOU have the Leadership Habit?

January 9, 2018 by Ray L. 2 Comments

Tagalog Version (Click Here)

What is leadership? You don’t become a leader because of your title or position. You become a leader because of your ability to get things done. If you want to accomplish amazing things and become successful more in your business, career, relationships, finances, and any other part of your life, there is one quality, one habit that you need to possess. Do you know what that is?

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New Year, New Goals: What’s Your Next Big Success?

January 1, 2018 by Ray L. 2 Comments

Tagalog Version (Click Here)

A year has ended and another has just begun. If you want to start things right and accomplish more this year, you must prepare for all the things you want to accomplish for the next several months. It’s time to stop mindlessly wasting effort to simply survive and start planning how we want to thrive. After all, if you don’t know what you truly want, then it’s unlikely that you’ll ever achieve it.

Let me ask you this now: What are your next big successes?

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Happy Holidays!

December 25, 2017 by Ray L. 2 Comments

After yet another year of hard work, this is the season for rest and celebration.

Today we must remember to be grateful for all the blessings and challenges we received in the past year, and we must look forward to the coming year with even higher expectations. For now, however, it’s time for all of us to simply relax and have fun. A good period of rest clears the mind and heart, after all, and it also prepares us for the challenges ahead.

This season, let’s spend some quality time with our friends, family, and other loved ones. Remember to also greet those you haven’t spoken to in a while since this is one of the best times to do so. You might just rekindle old friendships after all.

For now, let’s all just enjoy the season and remember to spread love and good cheer everywhere we go.

Merry Christmas to you all, and Happy Holidays!

– YourWealthyMind Team

List of Mutual Funds in the Philippines

December 19, 2017 by Ray L. 1 Comment

Tagalog Version (Click Here)

I sometimes visit Philippine personal finance forums and beginners usually ask where should they invest their money. Most people would suggest mutual funds, and if the newbie investor is willing to put in the time to study, individual company stocks/equities. After someone suggests investing in funds, the usual question after that is which specific fund should they choose. That is why I decided to compile the financial companies with mutual fund (including ETF and UITF) offerings on this article.

Here’s a short and still incomplete list of mutual funds in the Philippines. If I forgot some, please don’t hesitate to tell me. As for whichever one of these funds are right for you, that will depend on your investment objectives, risk tolerance, age and income, and more.

High Risk, High Potential Returns: Equity funds or funds that invest mostly in stocks. This is better for younger people who wish to maximize their potential earnings.
Medium Risk and Potential Returns: Balanced funds that invest in stocks as well as fixed income securities (bonds), cash, money market, etc.
Low Risk and Low Potential Returns: Bond or Fixed Income Funds. These and the money market funds below are recommended for older people who need more stability in their investment portfolio.
Lowest Risk, Lowest Potential Returns: Money Market Funds

Note: Remember to read the fund objectives and prospectus. Some funds have unusual investing strategies and other details you might need to be aware of.