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Your Wealthy Mind

Because Ideas Change Lives

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  • Wealth and Finance
  • Leadership and Management
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  • Tagalog Translations

The “Rich vs Poor” Myth: Wealth is never Stolen; it is EARNED

September 9, 2015 by Ray L. Leave a Comment

rich vs poor myth wealth earned yourwealthymind your wealthy mind
Tagalog Version (Click Here)
The Creator never made a man to be poor.
There is nothing in his constitution which fits drudgery and poverty. Man was made for prosperity, happiness, and success.
He was not made to suffer any more than he was made to be insane or be a criminal.
– Orison Swett Marden, Prosperity: How to Attract It

Sometimes I walk by the most beautiful malls and shopping centers in the Philippines, like Greenbelt, SM Aura, Bonifacio High Street, and several others. Everywhere I look there are rich people eating at restaurants where each dish costs more than a worker’s daily pay, dressed in the finest clothes that costs more than an average employee’s monthly salary, and buying gadgets that would take most of us a few years to save up for.

On the other side of the city, a few miles from those areas of luxury are entire communities who can’t afford a decent lifestyle. According to ABS-CBN’s report on the Philippine Statistics Authority (PSA)’s Annual Poverty Indicators Survey (APIS) last 2014, around one in every four Filipinos live in poverty. Without a good source of income, many are forced to scavenge dumpsters and trash cans for food, sleep in cardboard boxes every night, and are forced to beg for a few coins to survive.

While some children play in the streets wearing dirty rags on weekdays because their families can’t afford to send them to school (a key to moving up in society), the children of wealthy parents have everything handed to them on a silver platter: the latest toys and gadgets, nutritious food, the best education, and far more.

Sounds unfair, right?
It certainly is. Now how can we rise above it?
[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…]

From Jeepney Driver to Millionaire: Investing for Wealth, even on a Low Income

August 27, 2015 by Ray L. 2 Comments

From Jeepney Driver to Millionaire yourwealthymind your wealthy mind
TAGALOG Version (Click Here)

Did you know that Jeepney Drivers can become millionaires?

Yes, I know they’re some of the poorest people in the Philippines and that they earn around P300-400 (around $7) a day on average… but never underestimate that.

They CAN become millionaires even with that income, and you know what…?

YOU CAN TOO.
“It always seems impossible until it’s done.”
– Nelson Mandela
Before we begin, here’s a little quiz:

[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…]

Three Bible Verses for Earning Wealth

August 18, 2015 by Ray L. 1 Comment

Three Bible Verses for Earning Wealth yourwealthymind your wealthy mind pixabay
TAGALOG Version (Click Here)
“The shocking truth about prosperity is that it is shockingly right instead of shockingly wrong for you to be prosperous! … Please note that the word ‘rich’ means having an abundance of good or living a fuller, more satisfying life. Indeed, you are prosperous to the degree that you are experiencing peace, health, happiness and plenty in your world. There are honorable methods that can carry you quickly toward that goal. It is easier to accomplish than you may now think. That, too, is the shocking truth about prosperity.”
– Catherine Ponder, The Dynamic Laws of Prosperity

 

One of the absolute worst ideas in the world is the belief that being rich or having money is evil.

If you’re a good person and you work hard to create things that help others, will you be rewarded with poverty and suffering? Of course not! If what you do or create is valuable, people will pay you money for it. The more good that you do like heal people and save lives as a surgeon, hire workers to build homes for a hundred families, cook and feed thousands of families all over the country through your restaurant franchise, etc., the more wealth you will earn.

Thinking that money is evil comes from misunderstanding 1 Timothy 6:10. It never said that money, wealth, or desiring a better life is is evil; it only said the “love of money” is the root of evil. Many verses in the bible actually talk about attaining wealth (both physical and spiritual) as God’s blessings, and in this article I’ll tell you about my three favorites. The first two verses, by the way, are from the wise King Solomon, and the third is from Jesus himself, as written in Matthew’s gospel.

 

The First Verse:
“The rich man’s wealth is his strong city; the poverty of the poor is their ruin.”
– Proverbs 10:15 (ESV)

This one runs against the whole “being poor is good and being rich is bad” belief.
[Read more…]

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