Your Wealthy Mind

Because Ideas Change Lives

3 Keys to Success (a Lesson from W. Clement Stone)

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Tagalog Version (Click Here)

Think carefully: How far have you gone in life? Have you achieved everything you ever wanted? Is there anything else you want to do or have before you die?

Have you been stuck at the same job, the same salary, the same house, the same car, the same place for years? Have you thought that, if you continue, you’ll just grow old without every really achieving anything else?

What do you want to do in life? What do you want to have?

Imagine yourself at 80 years old, too old and too weak to pursue your goals and thinking about all the things you “should” have done when you were younger.

Like I said in one of my first few articles, many of us want great things in life, but few ever reach them.

What the solution? Here are three keys from W. Clement Stone, the author of “The Success System that Never Fails.” (Click Link for the Book)
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Why Financial Education Sometimes Fails (The Parable of the Sower)

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Tagalog Version (Click Here)

In my previous article (“The Rich vs. Poor Myth: Wealth never Stolen; it is EARNED”), I posted about the Philippine poverty rate of nearly 26%. There is poverty everywhere, EVEN WHEN THERE SHOULDN’T BE.

It’s not just the poor who suffer. Much of the middle class are stuck in the drudgery of the “rat race.” It’s what Filipinos call “isang kahig, isang tuka” (lit. “one scrape, one meal”) or a life of living paycheck to paycheck.

So what is the solution? Most finance bloggers like me would say it’s Financial Education. For many who lack money or prosperity, the solution is to simply LEARN how to EARN it.

Learn how to create value and opportunities, just like every rich person who ever lived (check this article to see why).

There are many success and finance books, seminars, government programs, and many bloggers and writers who write about wealth building… yet very few use it. You can give the BEST Wealth and Finance Training in the World but still fail horribly at enriching people’s lives.

Why?
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The Price of Ignorance: Wasted Time, Effort, and Opportunity

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Tagalog Version (Click Here)

“If you think education is expensive, try ignorance.”
– Derek Bok

 

Long ago in preschool (a year or two before grade 1), I remember our teacher giving us a quick assignment before going home:
“Take a whole sheet of pad paper and write numbers!”

Following the instructions, my tiny self tore a sheet of paper and started writing. In my zeal, I wrote past 100 before passing my paper. The teacher said one word:

“Labis” (Superfluous) and handed my paper back to me.

 

At that time, I had no idea what that word meant… but since she gave back the paper, I assumed that what I wrote wasn’t enough so I kept writing.

A while later, nearly all my other preschool friends submitted their papers and started going home. Since mine was still being rejected, I continued until my parents had to pick me up from the classroom.

I still thought I wasn’t finished.
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10 Best Books I’ve read on Finance, Leadership, and Success

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Tagalog Version (Click Here)

By my last count, I’ve read over 100 books and each one contained precious bits of wisdom that I use (consciously or not) to this day. I may not remember most of what’s written in those books, but they had all been valuable.

I’ve written an earlier blog about how valuable great books are (see “From Books to Riches”), and I’ll say it here again.

I don’t know any other investment whose cost is so far removed from its value aside from a Great Book.

Remember: You can achieve ANYTHING you want in life… ONLY when you LEARNED how to do it.
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