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Your Wealthy Mind

Because Ideas Change Lives

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Home » finance » Page 23

Your Wealthy Mind Savings and Budget Plan

September 15, 2015 by Ray 3 Comments

Your Wealthy Mind Savings and Budget Plan
Tagalog Version (Click Here)
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
– Robert Kiyosaki

 

What would you do if, right this moment, somebody gives you over P1 MILLION?

Remember your answer as we’ll return to this later. For now, let’s talk about savings and budget!

 

Expenses vs Income

Most of us want to save money… but there are ALWAYS groceries to buy, bills to pay, emergency expenses, and things we “need” to buy. If we only earned more money, we can save more, right?

Unfortunately, when we DO earn more through promotions, pay raises, and bonuses, there are MORE things we “need” to buy so we spend all our money.

Getting more money only makes us SPEND more, not SAVE more. It’s like pouring more water in a weave basket.
[Read more…]

Mag-ingat: Investment Advisor Scams

September 4, 2015 by Ray L. Leave a Comment

Beware of Investment Advisor Scams
ENGLISH Version (Click Here)

Isang biyernes ng hapon, ipinakita sa akin ng kaibigan ko ang isang investment strategy video.

Sa simula, akala ko ito’y tungkol sa “money cost averaging,” isang epektibong technique na nagpapababa ng risk gamit ang pag-invest ng naka-set na amount ng pera ng paunti-unti. Hindi pala tungkol doon ang video na nakita ko. Gaya ng pagkaganda ng fast-food hamburger sa mga TV commercial kaysa sa totoong produkto, ang investment “system” nila ay nagpapakita ng napakagandang past performance returns (mga 20-30% ang kita). Posible nga ang ganoong kita… kung NAPAKASWERTE ka. Ang mga umaasa na PALAGING makakakuha ng ganoong kita ay mabibigo.

Sa kalagitnaan ng video patuloy ipinakita kung paano gumagana ang “system.” Kinilabutan ako noon. Nanlaki ang mata ko at napapigil hininga ako ng ilang sandali. Para akong nanonood ng commercial na nagpapainom ng pesticide bilang “health” drink.
[Read more…]

Beware: Investment Advisor Scams

September 4, 2015 by Ray L. Leave a Comment

Beware of Investment Advisor Scams
Tagalog Version (Click Here)

One Friday afternoon a friend of mine sent me a video link to an investment strategy.

During the first few minutes I thought it was about money cost averaging, a proven technique for minimizing risk by investing a set amount of money over time, but it wasn’t. It was an advertisement. Like how fast-food hamburgers always look better on TV ads, the investment “system” they featured showed VERY high past performance returns (around 20-30% returns). Those returns are possible… if you’re VERY lucky. Those who expect to ALWAYS get those high returns will be disappointed.

As the video continued to how the system works, my eyes grew wide with shock, and I’m pretty sure I stopped breathing for a few moments. It was like watching an advertisement telling people to drink a bottle of pesticide as a “health” drink.

[Read more…]

Mula Libro patungong Kayamanan: Paano mo Matututunan ang Pagsikap at Pagpapayaman

August 23, 2015 by Ray L. 2 Comments

Books to Riches yourwealthymind your wealthy mind pixabay
ENGLISH Version (Click Here)
“Madalas ang pagbabasa ng libro ang nagpayaman sa iba.”
– Ralph Waldo Emerson
Kung papipiliin ka:

Ilang librong P3,000 ang presyo,
o P5,000 ng groceries/sigarilyo/beer/gamit alin ang pipiliin mo?

Marami ang pipili ng P5,000 ng kagamitan.
…pero paano kung ang mga librong iyon ay magtuturo sa iyo kung paano mag-invest at MAGING MILYONARYO sa loob lamang ng 20 taon? Kukunin mo pa ba ang mga kagamitang hindi tatagal ng ilang buwan?

Yun ang pinagpilian ko noon, at sasabihin ko sa iyo kung paano ako nagsimula. Malay mo…

Baka magawa mo rin iyon…

[Read more…]

From Books to Riches: How You can Learn to Earn Prosperity

August 21, 2015 by Ray L. 3 Comments

Books to Riches yourwealthymind your wealthy mind pixabay
TAGALOG Version (Click Here)
“Many times the reading of a book has made the fortune of a man.”
– Ralph Waldo Emerson
If you were given the choice:

A few books which cost P3,000,

or P5,000 worth of groceries/cigarettes/beer/gadgets which would you choose?

Most people would choose the P5,000 worth of stuff.
…but what if those books can teach you how to invest and BE A MILLIONAIRE in less than 20 years? Will you still choose the groceries and gadgets that probably won’t last a few months?

That’s the choice I once made, and I’ll tell you how it started. Who knows…

Maybe you can do it too…

[Read more…]

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