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This is a 1000 gram iron bar. It’s raw value is around $100.

If you decide to make horseshoes, its value would increase to $250.

If, instead, you decided to make sewing needles, the value would increase to about $70,000.

If you decided to produce watch springs and gears, the value would increase to about $6 Million.

However still, if you decided to manufacture precision laser components out of it like ones used in lithography, it’ll be worth $15 Million.

Your value is not just what you are made of - but above all -in what ways you can make the best of who you are.

If you're in a tight budget but still wanting to have an investment. Here are the best investment that's under P100k

Read more: https://grit.ph/best-investments/

10 PRINCIPLES FROM THE PSYCHOLOGY OF MONEY by Morgan Housel

Introduction

That there are two topics that impact man, whether you are interested in them or not- health and money.

The writer believes that money isn’t guided by laws such as that of physics but by people’s behavior.

1. Luck and risk

Luck and risk are both the reality that every outcome in life is guided.

The world is too complex to allow 100% of your actions to dictate 100% of your outcomes.

He said that not all success is due to hard work, and not all poverty is due to laziness.

The trick when dealing with failure is arranging your financial life in a way that a bad investment here and a missed financial goal there won’t wipe you out so you can keep playing until the odds fall in your favor.

2. Never enough

There is no reason to risk what you have and need for what you don’t have and don’t need.

Wanting to surpass your peers can be the fuel of hard work. But life isn’t any fun without a sense of enough.

That reputation, freedom, family, friends, being loved and happiness are all valuable and my best shot at keeping these things is knowing when it’s time to stop taking risks that might harm them.

3. Confounding compounding

That Good investing isn’t necessarily about earning the highest returns, because the highest returns tend to be one-off hits that can’t be repeated.

It’s about earning pretty good returns that you can stick with and which can be repeated for the longest period of time. That’s when compounding runs wild.

4. Getting Wealthy vs. Staying Wealthy

Getting money requires taking risks, being optimistic, and putting yourself out there.

But keeping money requires the opposite of taking risk. It requires humility, and fear that what you’ve made can be taken away from you just as fast.

5. Freedom

Controlling your time is the highest dividend money pays.

6. More respect

It’s a subtle recognition that people generally aspire to be respected and admired by others, and using money to buy fancy things may bring less of it than you imagine. Humility, kindness, and empathy will bring you more respect than a car will ever will.

7. Wealth is what you don’t see

The only way to be wealthy is to not spend the money that you do have. It’s not just the only way to accumulate wealth; it’s the very definition of wealth

8. Save money

Building wealth has little to do with your income or investment returns, and lots to do with your savings rate.

That one of the most powerful ways to increase your savings isn’t to raise your income.
It’s to raise your humility.

9. You’ll change

At every stage of our lives we make decisions that will profoundly influence the lives of the people we’re going to become, and then when we become those people, we’re not always thrilled with the decisions we made.

Aiming, at every point in your working life,
to have moderate annual savings,
moderate free time,
no more than a moderate commute,
And at least moderate time with your family, increases the odds of being able to stick with a plan and avoid regret than if any one of those things fall to the extreme sides of the spectrum.

10. Nothing’s free

Everything has a price, and the key to a lot of things with money is just figuring out what that price is and being willing to pay it.

It is true that every job looks easy when you’re not the one doing it. Most things are harder in practice than they are in theory.

Thank you for reading!
- Iamstanley

𝟏𝟎 𝐥𝐞𝐬𝐬𝐨𝐧𝐬 𝐥𝐞𝐚𝐫𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐛𝐨𝐨𝐤 "𝐓𝐡𝐞 𝐌𝐢𝐥𝐥𝐢𝐨𝐧𝐚𝐢𝐫𝐞 𝐌𝐢𝐧𝐝"

1. The millionaire mind is different from the average mind. Millionaires think differently about money and wealth than most people. They have a different set of beliefs, values, and attitudes about money.

2. Millionaires are self-made. They did not inherit their wealth. They created it through hard work, dedication, and smart financial decisions.

3. Millionaires are focused on their goals. They have a clear vision for what they want to achieve in life, and they are laser-focused on achieving their goals.

4. Millionaires are good with money. They know how to make money, save money, and invest money. They are also good at managing their money.

5. Millionaires are risk takers. They are not afraid to take risks, even if it means taking on debt or investing in risky ventures.

6. Millionaires are persistent. They do not give up easily. They keep trying until they achieve their goals.

7. Millionaires are positive. They believe in themselves and their ability to achieve success. They are also optimistic about the future.

8. Millionaires are generous. They give back to their community and to others in need. They also donate to charity and volunteer their time.

9. Millionaires are happy. They are content with their lives and they enjoy their work. They are also grateful for what they have.

10. Millionaires are role models. They inspire others to achieve their own dreams of wealth and success.

Note:-
These are just a few of the many lessons that can be learned from "The Millionaire Mind."

Thanks for reading
~ Iamstanley

A FEW TRUTHS ABOUT TOUGH TIMES

1. If you accept tough times are part of the seasons of life, it will keep you from sinking into depression

2. Maintain a healthy perspective. Going through tough times doesn't mean you are not blessed, you are actually being prepared for something great. Preparation is often not easy but it is the foundation of better things to come

3. Tough times will reveal to you your true friends and expose the fake ones

4. Tough times will introduce to you real friends who are attracted to your purpose

5. The best ideas tend to be conceptualized in tough times

6. Sometimes God allows you to go through tough times to wake you up and get your attention especially when you have become too familiar with Him

7. Sometimes you have to reach a dead end where no one but God can help you, so that no one but God can receive the glory

8. Great people have learnt the art of converting tough times into a path to being a master of something

9. There are some lessons that tough times will teach you that good times can't

10. Tough times will open your eyes to see opportunities and doors that complacent you did not

11. Some of us lack the courage to move past our current level and lack the initiative to take the next step on our own, tough times will catapult you to the next stage of your life that you are afraid to take

12. Tough times will make you naked so that you see yourself for who you truly are. Tough times will force you to be real with yourself, what are you really made of? Because when you are going through tough times, there is no one to impress, you have to be you

13. Most couples enter their best season after they reach rock bottom. That is when their true love is tested and they emerge stronger together

14. Instead of complaining about tough times, ask yourself "What am I being taught and how can I ride this wave to be better?"

15. Read biographies of the great personalities.

THINGS THAT KILL YOUR PERSONALITY

⚫️Lack of Empathy:

When a person lacks empathy, they are unable to understand and share in the feelings and experiences of others. This can make them appear cold, selfish, and unkind, which can greatly impact their personality.

⚫️Narcissism:

Excessive self-centeredness and a sense of superiority can ruin a person's personality. Narcissistic individuals often have an inflated sense of self-importance, lack empathy, and have a constant need for admiration, which can negatively affect their relationships and overall character.

⚫️Dishonesty:

Consistently lying or being deceitful can greatly impact a person's personality. It erodes trust, damages relationships, and tarnishes one's reputation. Dishonesty can make someone appear untrustworthy, manipulative, and lacking integrity.

⚫️Negativity:

Constant negativity, pessimism, and complaining can ruin a person's personality. It brings down the overall atmosphere and affects the people around them. Negativity can make someone appear unapproachable, demotivated, and unpleasant to be around.

⚫️Lack of Accountability:

When a person refuses to take responsibility for their actions, it can deteriorate their personality. Not being accountable for one's mistakes or shortcomings can make someone appear immature, unreliable, and unwilling to grow or change.

LIABILITIES vs ASSET

Kung my naipon kana, invest your money "first" that will double up your profit after a month or a year, hindi sa liabilities (which is material things na di mo mapagkakakitaan). If you want talaga, you can buy it naman pero mas maganda pagdating ng panahon mado-doble ito or you can turn it into investment. Isipin mo kung matagal ka ng nagwowork pero one source of income kapa din tas minsan inuuna natin ang mga gala or kung ano anong mga uso ngayon like bagong cellphone, branded na damit, original na sapatos, mamahaling relo o bagong motor pero lahat ng ito ay galing utang, sa totoo lang pwede ka naman gumamit ng hindi branded o bago, ang mas mahalaga tinitingnan mo yung kinabukasan mo,

IPHONE represents as LIABILITIES
GOAT represents as your ASSET

Lagi nating tandaan

1. Don't buy an expensive phone. A new version will come out even before you've finished paying for it.

2. Don't buy an expensive bag. Replicas are scattered everywhere. Only a trained eye will see that it's genuine.

3. Don't buy expensive shoes. You can't walk like a duck trying to keep it from deforming with every use.

4. Don't buy expensive clothing. You can't walk around showing the small tag behind your nape.

5. Don't buy an expensive watch. A 100-peso vintage watch online looks good too, and all kinds will tell the same time.

6. Don't buy expensive undergarments. It's not allowed to walk in public wearing only a Victoria's Secret bra and panties.

7. Don't buy expensive cars. It depreciates with every kilometer it runs. Your 1.2 Million-Peso SUV will sell for only 500K.

8. Don't buy a huge house. Too much space creates distance between family members. They'll grow old and leave anyway.

9. Always settle for the justified price. You can do more with two for the price of one.

10. Remember that it's not the brand that carries you. It's how you carry the brand.

Grow old wise. Grow old happy.

The bad news is that
the perfect time will never come.

The good news is that
the perfect time can be today.

Start today.

Tips on the rules of living with people:

1. When you meet young people - INSPIRE THEM.

2. When you meet children - EDUCATE THEM.

3. When you meet old people - HELP THEM.

4. When you meet wise people - STUDY THEM.

5. When you meet leaders - HONOUR THEM.

6. When you meet foolish people - AVOID THEM.

7. When you meet humble people - TREASURE THEM.

8. When you meet arrogant people - IGNORE THEM.

9. When you meet gracious people - EMULATE THEM.

10. When you meet aspirational people - ELEVATE THEM.

11. When you meet strong people - SUPPORT THEM.

12. When you meet godly people - BLESS THEM.

13. When you meet elderly people - RESPECT THEM.

14. When you meet weak people - STRENGTHEN THEM.

15. When you meet hardworking people - ENCOURAGE THEM.

16. When you meet kind people - ESTEEM THEM.

17. When you meet Honest people -
PROMOTE THEM.

18. When you meet virtuous people - REWARD THEM.

19. When you meety evil people - EVADE THEM.

20. And in all situation “Watch, Pray and wish everyone well.

1. Dr. Ben Carson said, "I struggled academically throughout elementary school yet became the best neurosurgeon in the world in 1987."

LESSON: Struggling is a sign that you are on a verge of success. Don't quit yet.

2. Bill Gates said, "I didn't even complete my university education but became the world's richest man."

LESSON: School does not make you rich. School is only supposed to polish what will make you rich, not make you rich.

3. Christiano Ronaldo said, "I told my father that we would be very rich but he couldn't believe me. I made it a reality."

LESSON: Your words rule your life. If you mean what you have said, each word will come to pass. You get what you say.

4. Hear Lionel Messi!, "I used to serve tea at a shop to support my football training and still became one of the world's best footballers."

LESSON: Believe in your dream. Don't let your pain tell you how your future will look like.

5. Steve Jobs penned, "I used to sleep on the floor in my friends' rooms, returning coke bottles for food, money, and getting weekly free meals at a local temple, I later on founded Apple Company."

LESSON: That you are small today doesn't mean you will be small tomorrow. Keep trusting God.

6. Former British PM, Tony Blair said & I quote, "My teachers used to call me a failure, but I became a Prime Minister."

LESSON: Don't let someone else's opinions of you become your reality.

7. Bishop David Oyedepo said, "I started Living Faith Church from a lawn tennis court with three members only & preached prosperity. Many of my friends criticised me, but today we have the largest church auditorium in the world & two world-class universities."

LESSON: Believe in yourself even if no one does & never think of quitting.

8. Nelson Mandela said, "I was in prison for 27 years & still became president."

LESSON: You can be anything you want to be no matter where you have been or what you have been through.

9.REECE "I drove a taxi to finance my university education but today I'm a billionaire."

LESSON: Don't let your past decide the kind of future you need to have.

10. Harland Sanders, Founder of KFC said, "I was on the verge of su***de when an Idea of opening a restaurant hit me after I retired as a cook in the Navy."

LESSON: Nothing is ever too late. "Too late" is a language of failures. Your future can begin at any age. Don't ever let AGE limit you.

11. Aliko Dangote said, "I worked for my uncle since I was a small boy, people looked down on me. I later on took a loan from my uncle to open a tiny shop. I worked hard to make ends meet. Now I am the richest Man in Africa.

LESSON: Failures or limitations of the past have no control over the greatness in you. To him that believes, all things are possible.

12. Barack Hussein Obama said, I am a son of a black immigrant from Kenya, I graduated from Harvard and later on became a Senator in Chicago. I was also the President of the most powerful nation on Earth.

LESSON: Never design your life like a garden where anyone can walk in and out. Design it like the sky where everyone aspires to reach!

13. Arnold Swarzzenegger said, I traveled to America in search of financial independence when I was 15yrs old. I became the world's strongest man 7 times and Mr Universe. I then got my Economics degree, then I became one of Hollywood's best actors before I was voted twice as governor of California."

LESSON: Don't wait for everybody to believe in your ability and dreams.

Tiger 😆

I hope you understand by now that saving alone is not enough. It's the hard truth. 💔

More so, if wala kapang na-save at all.

But my message really is....

Focus on growing yourself. Develop skillset that you can offer to the market where people or companies are willing to pay you more. Learn High Income Skills.

Don't settle for a job that will not grow you (if you're not growing, you're dying). Accept challenges, accept responsibilities, accept new roles. Do more and be more. Magugulat ka nalang malayo na pala narating mo.

Amen 🥰

Success demands these 6 things..

(The Secret Formula)

1. Hard Work

Don't believe in luck, believe in hard work.

Stop trying to rush the process or searching for a shortcut.

There is none.

2. Patience

If you are losing the patience, you are losing the battle.

First nothing happens, then it happens slowly and suddenly all at once.

Most people give up at stage one.

3. Sacrifice

If you don't sacrifice for what you want, then what you want becomes the sacrifice.

Everything has its price. The question is: Are you ready to pay it for the life you desire?

4. Consistency

Consistency is what transforms average into excellence.

Without consistency, you will never achieve greater success.

5. Discipline

Motivation gets you going, but discipline keeps you growing.

There will be days when you don't “feel” like doing it.

You have to push through those days regardless of how you feel.

6. Self Confidence

Confidence is, I'll be fine if they don't like me.

Reflection

1. He who has much money but does not have education, you will never enjoy the landscape even if you sit big.

2. He who has only knowledge but does not produce, sees only a little of the landscape.

3. He who has knowledge and produces at the same time, has the best view.

4. He who hasn't bothered to know and doesn't generate, will never see anything he could see.

Acquire knowledge but put it into practice: that's the key to seeing the whole landscape.

SLOW DOWN AND BE PATIENT WITH LIFE

If You Are Looking For Wealth, Somebody else Is Looking For Health.

If You Are Looking For Health, Somebody else Just Dièd.

If You are Looking For Power, Somebody else Has Acquired And Used it, And he/she is now Powerless.

Each Time You Drive A Fancy Car, Somebody, Somewhere Is Dying In A Car Crash.

Each Time a New Mansion Springs From The Earth, A New Grave is Dug Below The Earth.

Each Time You Throw Away A Morsel, Somebody else somewhere is Searching For a Morsel To Survive.

Each Time You Throw Food Into Dustbin, Someone else Is Looking For Remnant To Eat.

Each Time You Ask God To Promote or Change Your Present Situation, Someone else Is Praying to Get To Your Present Situation.

For Each Smile On The Planet, There's a Drop Of Tear In Another Place On The Planet.

For Each Celebration Of Childbirth, There Are Tears of Bùrial.

Each Time You Urinate Or Drink Water, Remember Someone Is Using Pipe For The Same Purpòse.

So Always Be Thankful.

Think of the Goodness u have rather than the vanities you long for.

Asset vs Liability: A short story

Son: Dad, may I speak with you?
Dad: Go ahead.
Son: Among all my classmates, I am the only one without a car. It is embarrassing.
Dad: What do you want me to do?
Son: I need a car. I don't want to feel odd.
Dad: Do you have a particular car in mind?
Son: Yes dad (smiling)
Dad: How much?
Son: N2,000,000
Dad: I will give you the money on one condition.
Son: What is the condition?
Dad: You will not use the money to buy a car but invest it. If you make enough profit from the investment, you can go ahead and buy the car.
Son: Deal.

Then, the father gave him a cheque of N2,000,000. The son cashed the cheque and invested it in obedience to the verbal agreement that he had with his father.

Some months later, the father asked the son how he was faring. The son responded that his business was improving. The father left him.

After some months again, the father asked him about his business
again and the son told him that he is making a lot of profit from the business.

When it was exactly a year after he gave him the money, the father asked him to show him how far the business has gone. The son readily agreed and the following discussion took place:

Dad: From this I can see that you have made a lot of money.
Son: Yes dad.
Dad: Do you still remember our agreement?
Son: Yes
Dad: What is it?
Son: We agreed that I should invest the money and buy the car from the profit.
Dad: Why have you not bought the car?
Son: I don't need the car again. I want to invest more.
Dad: Good. You have learnt the lessons that I wanted to teach you.
- You didn't really need the car, you just wanted to feel among. That would have placed extra financial obligations on you. It wasn't an asset then; but a liability.
- Two, it is very important for you to invest in your future before living like a king.
Son: Thanks dad.

Then the father gave him the key of the latest model of that car.

MORALS:
1. Always invest first before you start living the way you want.

2. What you see as a need now may become a want if you can take a little time to get over your feelings.

3. Try to be able to distinguish between an asset and a liability so that what you see as an asset today will not become a liability to you tomorrow.

HAPPY FATHER'S DAY PO. 🔥

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