But, first of all,
And so I was thinking, this book – “I Wish They Taught
Money in High School” by Clarissa Serina-Dela Paz and Sharon W. Que should have
been entitled “I Wish They Taught Money in Grade School” because I do believe
that as soon as a child can differentiate a one peso coin from a five peso
coin, you can start teaching her about money.
|It is actually a 2-in-1, back to back book!|
Robert Kiyosaki’s Why “A” Students Work for “C” Students and Why “B” Students Work for the Government. In this book, Robert questioned why the American School
System is designed to be an employee-making machine while students who are
visionaries and creative thinkers (people like Thomas Edison who was
homeschooled by his mom after the teacher thought he was an idiot and drop-outs
like Steve Jobs, Mark Zuckerberg, Bill Gates ) are considered losers.
of the authors, is an easy read and an inspiration, especially for the young
ones and those among us who are just about to embark on a financial fitness
journey (There are heavy references to the books of Robert Kiyosaki and T. Harv Ecker, so if
you really are serious on finally gaining financial freedom, you should read
their books as well). It introduces
money concepts in a way that people with no financial or accounting background
can easily understand.
and are now enjoying life, having their money work for them, at a very young age. If this book came out when I was in college,
I would have retired as early as 30!
By the way, this is a twin-book, so let me start with my thoughts on:
My Own Business Right Away
as I was raised by parents who were employees who were raised by my grandparents
who were employees as well, my money psyche is that my income will depend on my
a lot about Passive Income. This is
income which works for you, even when you are not doing anything to have it. I
know a family whose family members get millions of royalty from a big mining
firm in Benguet. My dad has a couple of
houses for rent which is earning passive income as well. I would want to have my own passive income soon, too.
Dependent On My Paycheck
an entrepreneur, I was raised and educated to be an employee. I was dependent
on my paycheck, until I learned that employees can be taxed as high as 32% of their net taxable compensation income while the rate of capital gains tax from
stocks not traded through local stock exchange is from 5-10%. That was when I started to look for other
withdraw it earlier. I wonder what the authors’ thoughts on variable insurance
are because it certainly is a sore disappointment for me?) and a Balanced Fund UITF which earned around fifty percent in five
years. I am now investing in the stock
market. My goal is to regularly invest monthly and literally let it grow!
Here is the most valuable lesson that will help me
on my “Truly Rich” Strategy: Clarissa’s Work SMART:
your money still working for you. With
the concepts this twin book presented (and oh, I loved how the authors said
that Credit Card is not evil! I knew I was right !), I am sure you and I are ripe for a lifestyle upgrade and are on our way to being FINALLY FINANCIALLY FREE!
Grab your copy here!