A lesson from Rich Dad/Robert Kiyosaki :
"Mutual funds are professionally managed portfolios in which share of the mutual fund represents ownership of partial shares. Many individuals invest in mutual funds because of the professional management as well as the appeal of owning a small piece of many different securities rather than stock in a single company. If you do not have the time to study investing ( so you can make informed investment decisions), choosing a mutual fund or hiring an investment advisor to handle your investments may be wise. "
One mutual funds company that is reported to be the best performing in the Philippines is PhilEquity Fund managed by eBusiness Services Inc. One magazine reports that is has had a compound annual return of around 20%. Minimum investment is PhP 5,000.00, which is okay for beginner retail investors like me who want to get their feet wet and gain experience. They also cater to dollar-based investments. Visit www.philequity.net. There's a lot of educational materials, as well as financial reports and other listings showing the status and performance of the company. If I may say so, this looks like a good bet,even from a beginner investment student like me. The list of blue-chip and other companies they invest in looks very promising.
Tuesday, January 19, 2010
Wednesday, January 13, 2010
Spirituality of Wealth
January 14, 2010
I have experienced this personally …. Wealth , in any form, even money , is closely related to one’s spiritual and emotional conditions, one’s self-esteem and self-worth, and one’s intellect/mind-set.
Take the issue of savings. I noticed that I am able to save more by buying less of feel-good stuff because I now feel more content with what and who I am with God and with myself which is an effective buffer from negative external stimuli.. I’ve realized and believe more in my true self-worth as a creation and child of a generous and loving GOD and that what I truly am is only according to God’s conception of me and of me alone and not of any other person. Buying those feel–good but unnecessary stuff was really to compensate and cover up the mucky feelings I got from the external surroundings and and my internal reactions to them, which I let to enter my internal landscape, weak and unstable as it was, being based on what other people think,say and do, which is really one of the most unwise thing one can do.
I can now appreciate that my level of personal growth, passion, integrity and competence may and can reflect my level of financial wealth. I used to think that spiritual wealth such as integrity, emotional wealth such as passion, mental wealth such as competence, and physical wealth such as health are removed from financial wealth and are independent and totally removed from financial wealth. And I held that for the longest time. And I did not feel fulfilled , complete and satisfied with this earthly life. Of course, spiritual wealth is paramount, it’s up there and above all the other aspects of wealth and all other aspects of wealth flow from that. What I did was to deny and ignore physical and financial wealth and well-being , in the belief that that would make me more spiritual. Well, it looks like, by believing that , I stopped the natural flow of cascading wealth, abundance and freedom from the spiritual down to the physical/material and financial levels. I reckon that was what made me feel stagnant and blocked, despite the fact that I was consciously trying to gain inner personal growth, by reading good books and reflecting on my life and thoughts. I wasn’t completing the spectrum, which is basically the spectrum from Faith to Action. I haven’t done so little on the Action phase. I’ve had a few baby steps and still a long way to go in the Action stage.
I have experienced this personally …. Wealth , in any form, even money , is closely related to one’s spiritual and emotional conditions, one’s self-esteem and self-worth, and one’s intellect/mind-set.
Take the issue of savings. I noticed that I am able to save more by buying less of feel-good stuff because I now feel more content with what and who I am with God and with myself which is an effective buffer from negative external stimuli.. I’ve realized and believe more in my true self-worth as a creation and child of a generous and loving GOD and that what I truly am is only according to God’s conception of me and of me alone and not of any other person. Buying those feel–good but unnecessary stuff was really to compensate and cover up the mucky feelings I got from the external surroundings and and my internal reactions to them, which I let to enter my internal landscape, weak and unstable as it was, being based on what other people think,say and do, which is really one of the most unwise thing one can do.
I can now appreciate that my level of personal growth, passion, integrity and competence may and can reflect my level of financial wealth. I used to think that spiritual wealth such as integrity, emotional wealth such as passion, mental wealth such as competence, and physical wealth such as health are removed from financial wealth and are independent and totally removed from financial wealth. And I held that for the longest time. And I did not feel fulfilled , complete and satisfied with this earthly life. Of course, spiritual wealth is paramount, it’s up there and above all the other aspects of wealth and all other aspects of wealth flow from that. What I did was to deny and ignore physical and financial wealth and well-being , in the belief that that would make me more spiritual. Well, it looks like, by believing that , I stopped the natural flow of cascading wealth, abundance and freedom from the spiritual down to the physical/material and financial levels. I reckon that was what made me feel stagnant and blocked, despite the fact that I was consciously trying to gain inner personal growth, by reading good books and reflecting on my life and thoughts. I wasn’t completing the spectrum, which is basically the spectrum from Faith to Action. I haven’t done so little on the Action phase. I’ve had a few baby steps and still a long way to go in the Action stage.
Tuesday, January 12, 2010
Philosopher's Stone - Benjamin Franklin
Just came across this in the net. Very apt for me at this stage in my financial education:
" If you know how to spend less than you get, you have the philosopher's stone."
Benjamin Franklin
" If you know how to spend less than you get, you have the philosopher's stone."
Benjamin Franklin
Tuesday, January 5, 2010
Blogging For Income --- Baby Steps
January 05, 2010
Here's the thing --- I'm aching and intending to retire from a government job ASAP and see what's out there for me. I've given my prime to civil service. And perhaps unfortunately, some money-intensive dreams came into my consciousness quite late in life. And proceeds from a government job cannot underwrite these late-comer dreams and even my retirement.And so I have a lot of financial catching up to do. So, scouting for sources of multiple streams of income without going the 8-to-5-employee track again, I came across internet business/marketing as a very tantalizing possibility ...I could see me criss-crossing Europe and maybe the world with my laptop and camera with the passive income from my internet businesses just flowing in, avalanching in and oozing in to my Paypal account ... Some vision which I like very much ..
So now, the baby steps. They say that blogging is one way to go. I've started blogging in 2007, Feb. 26 to be exact, but it was more for personal journaling of my daily internal landscapes,anything that comes to mind,not of any business or commercial value. Later on, however, I added a few more blogs that were more focused by topic. One of them in this "Cornucopia" blog which would contain my musings and external information about my changing "money-wealth-abundance" mindset. It became apparent later on that this blogging can be monetized.
Below are two articles/audios on how to do 'blogging for income' right that I have started to read/listen to. Still have to study them carefully and apply them, which I am going to do in the next days. This is one of my 'must-do' in 2010 -- set up a viable monetized blog. So here I go.
http://www.incomebloggingguide.com/signupthx/
http://www.freemsiaudio.com/downloads/IRME/
http://www.robertgallen.com/
Here's the thing --- I'm aching and intending to retire from a government job ASAP and see what's out there for me. I've given my prime to civil service. And perhaps unfortunately, some money-intensive dreams came into my consciousness quite late in life. And proceeds from a government job cannot underwrite these late-comer dreams and even my retirement.And so I have a lot of financial catching up to do. So, scouting for sources of multiple streams of income without going the 8-to-5-employee track again, I came across internet business/marketing as a very tantalizing possibility ...I could see me criss-crossing Europe and maybe the world with my laptop and camera with the passive income from my internet businesses just flowing in, avalanching in and oozing in to my Paypal account ... Some vision which I like very much ..
So now, the baby steps. They say that blogging is one way to go. I've started blogging in 2007, Feb. 26 to be exact, but it was more for personal journaling of my daily internal landscapes,anything that comes to mind,not of any business or commercial value. Later on, however, I added a few more blogs that were more focused by topic. One of them in this "Cornucopia" blog which would contain my musings and external information about my changing "money-wealth-abundance" mindset. It became apparent later on that this blogging can be monetized.
Below are two articles/audios on how to do 'blogging for income' right that I have started to read/listen to. Still have to study them carefully and apply them, which I am going to do in the next days. This is one of my 'must-do' in 2010 -- set up a viable monetized blog. So here I go.
http://www.incomebloggingguide.com/signupthx/
http://www.freemsiaudio.com/downloads/IRME/
http://www.robertgallen.com/
Monday, January 4, 2010
Year of Financial Freedom and Success
January 04, 2010
I declare that this is the year of attaining financial freedom and abundance/wealth in monetary terms. I am committing myself to attaining these goals this year. I am open to opportunities that will come and exploit them towards these goals. I've had a tiny victory last year -- I've erased my credit card debts and have started a savings account. Very concrete baby steps. I'm continually reading since 2007 books and materials regarding financial intelligence and financial literacy . I am re-programming myself positively --spiritually mentally,emotionally about money,wealth and abundance..
I believe that these are God's will for me at this stage in my life and I succeed.
I declare that this is the year of attaining financial freedom and abundance/wealth in monetary terms. I am committing myself to attaining these goals this year. I am open to opportunities that will come and exploit them towards these goals. I've had a tiny victory last year -- I've erased my credit card debts and have started a savings account. Very concrete baby steps. I'm continually reading since 2007 books and materials regarding financial intelligence and financial literacy . I am re-programming myself positively --spiritually mentally,emotionally about money,wealth and abundance..
I believe that these are God's will for me at this stage in my life and I succeed.
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