Success starts in the mind, whether it be business, relationship, career or financial. First, you have to decide what it is that you really want. Next, you have to believe it’s possible, you deserve it and that you can achieve it. Then you must begin with a plan and must focus on it by setting goals and by visualizing it. Finally, you have to be willing to take action with disciplined effort and perseverance. In the arena of investing and accumulating money, I know some of you believe that these stages are important. But most people seem to ignore all of the first stages. That is why most people never become financially successful. Some people save and invest their money without any clear plan, More →
The Rule Of 72 • 06.13.09
•Want to double your money?
Here’s how the rule of 72 works
•To figure out how much you need to earn each year compounded annually to make your money double, divide 72 by the number of years you plan to double it at:
3 years = 24.0%
4 years = 18.0%
5 years = 14.4%
6 years = 12.0%
Right Brain and Left Brain Test • 06.07.09
Sa last post ko about Neuroeconomics, I mentioned about the reflexive(right) and the reflective(left) brain. Iba-iba daw ang ginagamit ng tao. Meron yung iba mas ginagamit nila ung right,at yung iba mas nagagamit yung left brain. Our emotional thoughts reside in the “right brain” while logical reasoning is based in the “left brain”. Each has its own advantages and disadvantages. Each part is good at some things and bad at others. But One is not better than the other, just as being right-handed is not superior to being left-handed. More →
Neuroeconomics? Tungkol Saan Ito? • 06.07.09
Last year, While I was searching for psychology books online, one investment book caught my attention. The book is about brain and money and it covers the new science called Neuroeconomics. So I said to myself “oopss! bagong subject to ah! mukhang interesting!”. Kaya hinanap ko agad yung telephone numbers ng mga bookstores dito so I could check kung saan may available na ganitong title. Surprisingly, meron isang available sa Power Plant mall sa may rockwell. After a week, nabili ko din yung book. Neuroeconomics is a very interesting subject and nothing I’ve ever read about investing has excited More →
You Attract What You Think Most of the Time • 06.05.09
Focus your mind into something you want and you will get it. Focus your mind into something that you don’t want, you’ll also get it. Why? Because your mind works like a magnet, you attract what you think most of the time. You attract people, you attract situations and you attract opportunities. If you are a happy person, you’ll attract more happy people. If you focus your mind to becoming successful, you’ll attract the opportunities and the people who will help you become successful. If you focus your mind thinking that all you can make is only enough to pay the monthly bills, that’s exactly how much you will always get. If you are a positive person, you will always More →
Andrew Matthews- My Favorite Author • 06.02.09
Andrew Matthews is the author of the best-selling books “Being Happy”, “Making Friends” and “Follow your Heart”. Andrew Matthews is truly amazing and he really is a very talented author. I really enjoy reading his books. The principles in his books are so simple and easy to understand.
Andrew Matthews video clip
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“Stocks? Stock Market? Kikita Ba Ko Diyan?” • 06.01.09
The stock market appears in the financial news every day and you can also see it in the business pages of your favorite major newspaper. You also hear about it daily in statements like “Philippines Stock Exchange rose 3 percent today” and you may have heard about those individuals making money trading in the stock market. Obviously, stocks and the stock market are important, but still many people know very little about them.
What is a stock? What is a stock market? Why do people buy and sell stocks? How do investors make money with stocks? How does it work? Who can invest in this instrument? Which is much better, investing in stocks or starting a business? If you have questions like these, then this guide is for you. This guide will help you acquire the basic knowledge in stock investing. More →
The Economy is too Bad to Get Rich Now • 05.24.09
There’s more than one way to build wealth, and the key is to understand that there’s always an investment that’s good right now. When stocks go down, bonds go up. When interest rates fall, stocks go up and homes get cheap.
If the economy is ‘bad’, that means it’s time to sell your bonds at a profit and buy stocks at a discount. …or refinance your mortgage to pay lower interest rates. Profit is made on the purchase and income of a property, as well as the sale price. If the market is down, buy low. If the market is up, sell high. If you’re not sure where the market is right now, position yourself such that you make money no matter what.
The simplest way to make money no matter what is to have control over the process of buying low, adding value, and selling at a profit. If you buy cheap parts and sell a product worth more than the cost of the parts, you’ve got yourself a system of creating wealth that will work in any economy.
