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Home » wisdom » Page 18

Why Financial Education Sometimes Fails (The Parable of the Sower)

October 26, 2015 by Ray L. Leave a Comment

why financial education fails yourwealthymind your wealthy mind
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?
[Read more…]

Ang Presyo ng Kamangmangan: Pagsayang ng Oras, Pagod, at Oportunidad

October 21, 2015 by Ray L. Leave a Comment

Price of Ignorance yourwealthymind your wealthy mind
English Version (Click Here)

“Kung iniisip mo na mahal ang maging edukado, subukan mong maging mangmang.”

– Derek Bok

 

Noong preschool ako (mga isa o dalawang taon bago maging grade 1) naaalala ko ang isang assignment na ibinigay sa amin ng guro bago kami umuwi:

“Kumuha kayo ng isang papel at magsulat ng mga numero!”

 

Pumunit ako ng isang papel at nagsimula akong magsulat. Sa aking pagkasigasig, nagsulat ako ng higit sa 100 bago ko ipinasa ang aking papel. Isang salita lamang ang sinabi sa akin ng guro:

“Labis” (superfluous) at ibinalik niya sa akin ang papel.

 

Noong kabataan ko, hindi ko alam kung ano ang ibig-sabihin ng salitang iyon… pero dahil binalik niya sa akin ang papel, inakala ko na kulang pa ang sinulat ko kaya patuloy akong nagsulat.

Paglipas ng ilang minuto, halos lahat ng mga kaklase ko ay nagpasa na ng papel at nagsiuwian. Dahil ang papel ko ay hindi pa rin tinatanggap, patuloy akong nagsulat hanggang sinundo ako ng mga magulang ko sa classroom.

Inakala ko pa rin na hindi pa ako tapos.
[Read more…]

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

October 20, 2015 by Ray L. Leave a Comment

Price of Ignorance yourwealthymind your wealthy mind
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.
[Read more…]

10 Best Books na nabasa ko tungkol sa Finance, Leadership, at Success

October 13, 2015 by Ray L. Leave a Comment

10 best books leadership finance success yourwealthymind your wealthy mind pixabay
English Version (Click Here)

Sa huling bilang ko nakapagbasa na ako ng higit 100 nang libro at ang bawat isa sa kanila ay naglalaman ng kaalamang nagagamit ko sa buhay. Hindi ko man maalala ang lahat ng nakasulat, pero mahalaga pa rin ang natutunan ko sa kanila.

Nagsulat na ako ng isa pang article tungkol sa halaga ng mga magagdang libro (hanapin ang “From Books to Riches”), at sasabihin ko itong muli:

Wala kong alam na ibang investment na ang PRESYO ay napakalayo sa kaniyang HALAGA bukod sa edukasyong ibinibigay ng mabubuting libro.

Tandaan: Makakamit mo ang KAHIT ANONG Pangarap mo… KAPAG NATUTUNAN MO KUNG PAANO ito pagsisikapan.
[Read more…]

10 Best Books I’ve read on Finance, Leadership, and Success

October 8, 2015 by Ray L. 3 Comments

10 best books leadership finance success yourwealthymind your wealthy mind pixabay
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.
[Read more…]

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