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Archive for January, 2009

Secrets of the Rich: Active Income vs. Passive Income

I’ve been spending my time lately really educating myself on financial literacy. I admit my job has been so boring and not challenging so instead of killing myself to boredom, I’ve been using my additional time efficiently and effectively by adding additional knowledge on my financial education. In addition to my article, “what’s makes rich gets richer?” I’ve recently watched a video of Robert G. Allen, the author of the best selling books Nothing Down and Creating Wealth as he

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Million Dollar Interview

After reading Adam Khoo’s “Million Dollar Interview“, I was really motivated to be the best that I can be. If you don’t know, Adam Khoo is the youngest millionaire in Singapore at the age of 26. In this ebook, he told how he did to become the youngest millionaire in Singapore at the very young age of 26 and now a multi-millionaire owning 3 businesses that rakes in $20 Million in profits yearly. Some of the outstanding views with regards to his principles are the

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Power of Law of Attraction

I am a firm believer of the Law of Attraction. It is really indeed the most powerful law in the universe. Just a few weeks ago, I was able to watch the movie “The Secret” in which the Law of Attraction was unveiled. Thanks to Richard, one of my avid readers, who gave a burned copy of it. It was such a wonderful and inspiring movie as “The Secret” was revealed.     While I was watching the movie, I was motivated to follow one of the testimonies of the speaker. He

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Double Your Money Using “Rule of 72″

The Rule of 72 is a formula used in finance particularly in investments. This is a general rule that answers the question: ”How many years will it take to double your money?” You don’t have to make difficult calculations as this rule makes it easy for you to calculate. Depending on the given rate of interest, you can probably evaluate it mentally in your head. Let’s see the following examples to determine how it works:   In how many years can you double your money

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Things Money Cannot Buy

As a continuation of my article on Money Is Not All, here are for me are the things that money cannot buy. If you think that money can buy all the things that you want in the world, then you are very wrong in that idea. Money is not everything. Yes, money is essential because we need it to buy most especially our basic needs and that is food, clothing, and shelter. Sometimes, we also use it to buy our wants in life be it luxurious car, gadgets, house, etc.   However, as I am saying, money

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Manny Pangilinan’s Life Success Story

I would start featuring success stories of famous entrepreneurs and leaders to serve as inspiration to others. Today, I will feature the life story of the highest paid Philippine Chief Executive Officer Manny Pangilinan, the CEO of the most profitable company and the largest company by market value - Philippine Long Distance and Telephone Company or PLDT, the Philippine’s pioneer in telecommunications. His life story came from his speech during the Ateneo Graduation last 2006 where he

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What Makes Rich Gets Richer?

What makes rich gets richer? We notice that the rich keeps on getting richer while some of the poor gets poorer. Kiyosaki continued his teachings on his “Rich Dad Guide to Investing”. If you are not familiar, there’s this one rule originated by the Italian Economist Vilfredo Pareto in 1897 called “Pareto’s Principle or 80/20 Rule” also known as the Principle of Least Effort. In business, we can apply it and we can say: put most of our efforts on the 20% of things that bring in 80%

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7 Ways of Becoming Rich Instantly

As I continue reading the teachings of Kiyosaki in its “Rich Dad Guide to Investing”, here are some of his thoughts on ways of becoming rich. I am really motivated to write more quality articles especially when I see a lot of good comments from readers.  One of this was the previous article entitled “House: Asset or Liability” which so far, as of this writing, was the most commented article. This is one example that not all teachings of Kiyosaki are true. Thank you

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Making Mistakes and Learning

As the saying goes, “Nobody is perfect”, we as human beings are bound to make mistakes. Each and everyone of us makes mistakes in our actions and decisions in life. How do we know? We usually become upset when we make mistakes. When you get upset, then you will realize who you really are and what kind of person are you. I’ve been learning a lot from the teachings of Kiyosaki and the latest learning that I got was the five personalities that usually come out when

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House: Asset or Liability?

I just finished hearing the audiobook of Robert Kiyosaki’s Rich Dad Guide to Investing. I must say it is really really a very good audiobook and I’ve been learning a lot from it. A lot of thanks to Richard who is an avid reader of this blog who gave me the audiobook. In this article, I will write what I have learned about your house or your home as an asset or a liability. Is you house an asset or liability? This is also the topic in one of the forums that I visited. We are used

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