Why Reading Books Turned out to be a Passion

I am not that fond of reading books. I read stuff such as articles from various sources but not an entire book. I’m not even keen on shelling out money just to buy books. Books tends to collect dust after it has served its purpose.

Something “magical” (yes, I consider it magic 🙂 ) happened along the way which changed my perception on the importance of reading books. A former boss introduced me to a book written by a famous lay preacher. The book was entitled “8 Secrets of the Truly Rich”. And it was written by Bro. Bo Sanchez. That book started it all. That book opened my eyes on all the mistakes that I have done when it comes to financial matters. It made me realize that I was financially ignorant.

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Several books in my possession

After that, I discovered Bro. Bo’s other books on how we can simplify the way we live; that happiness can really be found by living a simple life even if we can afford the comfort and convenience brought by the modern age. I have been living a simple life since then. I have bigger dreams of course. But I have taught myself to set aside those dreams if it would mean complicating my life. I became contented with what I have right now. A simple house, a simple car and most of all a happy and loving family. Simple things makes me happy, which I think is the most important.

That’s one of the influences I obtained from reading books, it keeps my feet planted on the ground.

Aside from books on finance, I now read books which gives me inspiration. Something that I really need to keep me pumped up. Especially during times when I feel that things aren’t going according to plan. It made me realize that even if things went the other way, there are better things somewhere. I just have to look for the open doors and knock on the doors of opportunities because I believe that every human being were created with equal opportunities. We only need to have the guts to grab it. And once we got it, we just need to nurture it.

See what reading books have done to me, it taught me how to think in a very positive way. I am currently teaching myself to be happy all the time. I believe that a happy person has a happy disposition. A happy disposition results to better decisions. Better decisions result to a bright future.

So come on friends, grab a book and be a happy and inspired person.

Have a nice day!!! 🙂

The Importance of Emergency Funds

I recently posted one of the use of having an emergency fund. This post will somehow dig deeper why we really need to stash away a portion of our income to build up our emergency fund.

First of all; what is an Emergency Fund? It is an account used to set aside funds to be used specifically on things which are not a usual part of our regular expenses. The purpose of this account is also to serve as a safety net in the event of personal financial crisis. The ideal emergency fund must be equivalent to three to six  months of our monthly expenses.

Building up an emergency fund is also another way to prevent us from incurring loans or debts with high interest. It must be placed in an account which should be easily accessible, such as an ATM savings account.

From my previous post, I mentioned something about the prosperity formula.  From our income, we must first subtract a portion which is to be used for savings.

Income – Savings = Expenses

Ideally, it is recommended that we set aside 20% for our savings. 30% or 40%, much better. It depends on how much we can afford to save. That 20% can be subdivided into savings, investments and emergency fund. It doesn’t really matter how much we earn, its on how much we can keep. The discipline of saving something for the rainy season must be already ingrained in our minds. The sooner we start, the better.  Let’s not wait for tomorrow to start with this habit. We must not procrastinate.

If the emergency fund was used, we need to ensure that we replenish it the soonest possible time. This is a continuous cycle. We must do this not because it is a responsibility. We must do this because this is a habit. A habit is something that we love to do repeatedly.

Happy Saving!!! 🙂

The Importance of Having Mentors

I used to do things on my own. I used to ignore advice from loved ones. I used to ignore advice from peers. Can you guess the result? I admit, most of the times, the results turned out to be disastrous.

Things were done in a haphazard manner. Decisions were made at the spur of the moment. But these are what makes us wiser as we grow older. We learn from the mistakes of the past. Maybe we are destined to make mistakes so we may know how to move forward as we journey through life.

As we move forward, we will meet someone, or we may read something, or we may have experiences which can serve as mentors for us to be able to make the appropriate decisions. A mentor acts as a check and balance because whether we admit it or not, we do not know everything. We are not perfect and we will never be. There will always be people who are better than me. As an example, people still regards Michael Jordan as the best player in basketball than LeBron James or Kobe Bryant. Maybe that’s the reason why both LeBron and Kobe looks up to Michael.

LeBron James even trained under Hakeem Olajuwon, who is one of the best centers, to improve his post moves. It turned out to be one of the best decisions he ever had. His post moves vastly improved. He is now a complete player.

When I started investing in the stock market, I went on my own. I just did it for the sake of being in the stock market. Nobody gave me directions. I had zero knowledge. Because of that, I missed out on the great opportunities. It’s not yet too late.

I joined the Truly Rich Club, founded by the well loved Bro. Bo Sanchez to somehow put my investment plans in order. The club is my online mentor as it teaches me how to properly handle money and on how to properly invest in the stock market. If the club was able to teach the maid of Bro. Bo on how to invest in the stock market, why not me. By the way, as I am writing this, one of the maid has now reached the P1M mark. It inspired me even more. I now have that burning desire to hit that mark the soonest possible time. I am sure that with the proper guidance, I can never go wrong.

Happy Reading!!! 🙂

Reconnecting

Last Saturday, our High School batch held our 25th Silver Anniversary Reunion. It seems like yesterday when we had our graduation march which signaled our entry into another phase of life. Our formative years molded us well enough to face the challenges of college life. We went our separate ways and its a great feeling seeing old faces once again after so many years.

Reconnecting with old friends reminds us that we should never forget to look back at our past. We don’t need to dwell on the past but its rewarding enough to reminisce good times with our childhood friends. We might have misunderstandings with some but all of it are part of growing up. Youth plays a major factor in times when we have misunderstandings with our peers.

The event became even more nostalgic with the presence of our beloved teachers who in one way or another, honed us to become the person we are now. Some became successful, some are average and some just ain’t fortunate enough to reach the pinnacle of success. The choices we make plays a major factor of success or failure in life.

I’m not that fond of attending gatherings like this but the chance of seeing old friends once again made me change my mind since opportunities like this is hard to come by. Yes, there is the social media where we see updates of what our friends are up to. But nothing can compare the feeling of seeing them all over again. Personally talking and laughing with them is something that social media cannot even replace.

For the others who decided not to attend the event, they have their reasons. But one thing’s for sure, they missed an event worth remembering.

Being a Morning Person

A couple of years ago, I get excited as the weekend approaches. I used to get up very early on a Saturday morning to have my weekend run. Yes, I got hooked to running. I have two (2) 21Ks under my belt. Eventually I stopped running and looked for other ways of spending early Saturday mornings. I turned to biking. Just this morning, I had a great morning bike ride together with my wife.

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I just love having a physical activity in the early morning. I just love the stillness of the morning. It recharges me right away. It helps me in removing all the negative thoughts which lingers in my mind. It refreshes the soul. Seeing the sun rising from the East is such a wonderful sight for me.

I find happiness in things like this. It helps in reducing stress brought about by the complexities of life.

I may not be able to do early morning physical activities on weekend morning all the time but I make sure that I wake up early despite going to bed late. I can always power up my computer and write a blog on whatever topic I want.

Slowly, I am now developing the habit of writing on a regular basis which will further improve my writing skills. And the stillness of the morning will play a major factor for me to become the writer that I would like to be.