Book that unlocked my Financial Freedom Journey

ENLIGHTENMENT

Way back 2012, I  was working abroad as an IT engineer to one of the top companies in Singapore. My friend who was my house-mate and previous officemate in the Philippines recommended to read the best-seller personal finance book of Robert Kiyosaki but I was hesitant to read it because as he describes the story is like only a fictional.

RICH DAD, POOR DAD BOOK

One day, when I was thinking on how can I invest and grow my hard-earned money. I tried to search a book about financial and Google directed me to “RICH DAD, POOR DAD” and decided to read it. I remember years back that my friend recommended this book to me but I was hesitant to read it immediately. When I started to read this book I was fascinated that during my 30th year in this world, no one taught me about these financial things even in our home, school and government. I highly recommended to read this book and to open your mind in personal finance.

FINANCIAL AWAKENING

Sometimes I heard and read the word “Inflation” but I do not learn the significance of this to our financial lives. Even though I know how to differentiate the needs versus wants but still I noticed that my saving is not growing that much despite working hard. My parents taught and inspired me on how to save and become frugal but not to invest because maybe no one around them taught during their younger age. I also do not know how to identify assets and liabilities because I thought that when I buy something like Sony PSP, its considered as one of my assets. I am totally wrong on this belief, the book describes that an “Assets simply means put money to your pocket, Liabilities means money getting out of your pocket” and something that is depreciating in value like car.

TAKE ACTION

After I learned those things about financial, I started to take charge of my finances. I always do identify my needs versus wants. I started to save a portion of my monthly income and avoid unnecessary expenses. I started to open an account in stock market and bought shares from the companies I chose. When I first received my first dividends, I realized that your money will grow if you have the right financial knowledge that you can gain from reading books, follow successful persons, attending seminars and “Take Action”.

TIME IS YOUR ALLY

I know that it is long way to go to my financial freedom but as I long as I continue to gain financial knowledge and grow my assets, I can achieve it someday. I am now learning and gaining experience in real estate to grow my assets more.

The best time to start saving and investing, is NOW. No one will take care of your hard-earned money and finances, only YOU. Remember, “Time is your Ally”.

About The Author

Marvin Basa

Marvin Basa is a financial literacy advocate who helps Pinoys to have successful financial lives.

2 Comments

  • krystlepingol

    Reply Reply December 3, 2015

    I just bought this book as a Christmas gift to myself. =)

    • mrvn10

      Reply Reply December 3, 2015

      Thats the best xmas gift that you bought. 🙂

      Im hoping that it will give you a big impact to your financial mindset and motivate you to take action. Goodluck!

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