Include Money Matters in Your New Year’s Resolution

“Why should we even have to talk about money? Isn’t it a dirty topic? Isn’t it a taboo?”

What do you think? Let me tell you what I think…


We talk about money because money matters. It matters. Definitely, it is not the most important thing in life. But it affects the important things in life – like family, faith, friends and fitness. To be able to help your family, you need money. To be able to nourish your faith (perhaps by going to church), you need money (at least even just for your transpo). To be able to further assist friends and build projects with them, you need money. To maintain your health, you need money to buy good food. It surely is not the most important thing in the world but it affects the important things in life.

It’s not even dirty. It is neutral. Money is a tool. It is not bad or good. It depends on who uses it and how it is used. It can be bad if it is used by a bad person but it can be very good if it is used by a good person. It can be clean as the motives and intention of a good person using it. It is simply a tool that has to be used well, as appropriate.

We have been fooled by the portrayal of filthy rich people on TV shows, movies and comics. Most of the rich people shown there are bad who take advantage of the poor. There may be rich people who are bad but not all of them are bad. Many of them are good.

Goodness does not even depend on how much you have. It depends on who you are. (Yes, there poor people who are good and there are also those who are bad.) Thus, quit associating evil with how much money a person has, rather, on who he or she is.

“But I don’t want to talk about money.  I don’t even have much money. Can I just forget about it?”

At times, when we don’t have the money we need and want, we tend to ignore money topics. But shouldn’t we talk about it more because we need it more? It matters to talk about it. But it doesn’t seem right to talk about it unless we come to better understanding of what money is.

What is money for you? It is important to settle this issue…

Money is only a medium of exchange. Money is a symbol of value. To have money is to exchange something of value. That’s why when you offer a product of value, you get paid for a certain amount of money. That’s why when you render a service that helps, you get paid for a certain amount of money. That amount of money is the quantified value of the product or service that was given away.

Essentially, when we speak about money, we should speak about value. How can this product or service serve the customers or clients? That’s how entrepreneurs make money. They give value to the society.

It is similar with employees. When an employee wants to increase his or her salary, he or she should ask how the performance and productivity can be improved to be able to deliver better results for the company. In turn, the company will see the output and perhaps declare performance bonus or give salary increase as appropriate. It can even give away profit sharing for the employees.

Money flows where value flows.

We talk about money because it is necessary. It is part of life. It simply has to be anchored to its real purpose with the goodness of the people using it. We talk about money because it matters. After all, money is a tool to further the goodness of life. In the end, it is not about money. It is all about the value being exchanged, value being shared.

Live your life, young mind!

Chris Dao-anis

(Chris Dao-anis gives talks, trainings and workshops on communication, public speaking and personal leadership. His latest book ‘Living Large in the Little Things’ is available at Mt. Cloud Bookshop, Casa Vallejo, Upper Session Road and at Psalms Bookstore at Sunshine – Baguio City. For more info, visit


Stretch Your Money Making Muscles

Are you growing yourself? Growth is something we have to choose to do. One of the ways to help us grow is to stretch ourselves, our minds, and in some other ways – our money making muscles. (I got the term from a worthwhile workshop I attended.)

Yes, I conduct some trainings but I attend more trainings as a participant. Last July, I attended one. The trainer asked us to write a reflection about the training and here is what I have came up with.


Let me share it with you today:

“To know and not to do is not yet to know.” a quote from Confucious that was shared by high-impact trainer Raymond Lim during the first Money Making Muscle Workshop in Baguio City. I thought I knew the concepts discussed but I really didn’t know them unless I apply them and benefit from the results they offer. I learned a lot and I am moved to apply them in life.

I write this reflection as a manifesto, a resolution, a declaration of the learnings, desires and actions I shall do to exercise my money making muscles… more so, to live a better life.

I shall uphold that success lies in me. I shall not relinquish my responsibilities to become successful to outside forces like the government or circumstances.

I shall tap on the power of repetition. This shall manifest in the thoughts that I think, the words that I say to myself and others, and the actions I take every single day. With my thoughts, words and actions, the powerful success principles I learned shall become part of my belief system and as I apply them, it shall become part of me.

I shall befriend momentum. I shall start taking actions, push boundaries and break out of my comfort zone. I shall summon the courage to grab the opportunity when it opens. I shall be ready. When windows of opportunity opens, I shall go for it before it closes. As I start taking actions, I shall gain more traction and momentum.

I shall tap on the power of clarity and in setting goals. This shall be combined with the previous declaration to have my momentum going in the right direction. When setting my goals, it is important that I begin with my desired destination, locate my present position, and identify the necessary actions to arrive to my desired destination. I understand that things are created twice. It happens in the mind first before it happens in real life.

I shall erase my excuses often disguised as reasons. I shall focus on my goals and take the necessary actions to achieve them. I understand that opportunities come and go. And the world keeps on whether I jump on the boat of opportunity or not. I have to do something. I need to grab opportunities. I shall stop merely observing. I shall not be left out. I shall go, grow and glow.

I shall create good habits. I need to form habits of success. To do so, I need to make right choices. I shall learn from the habits of people who have achieved what I want to achieve and emulate them.

I shall view money as it is supposed to be. I shall be a master of money not a slave of it. If I want to earn more money, I have to create more value and serve others. It does not necessarily take money to create more money. I just need to get more creative and create works that add value to people.

I shall discharge my obligation to get rich. But more than an obligation, it is my birthright.

I shall claim it. In my desire to increase my wealth, I shall activate my wealth consciousness and increase my wealth consciousness level. Money shall not be the end goal – the ultimate goal is to serve others.

I shall focus on creating and giving value and find ways to leverage this to multiply the results. In so doing, I will benefit myself and others. In my business transactions, I shall put to practice that value should always be greater than the price. I shall give more. I shall share more. It shall start with the basic value and if I want to demand for greater price, I shall add more value. My customers should have that experience of satisfaction. High satisfaction. It will be more than just business. It is about serving and loving.

I shall appreciate what I want to ‘appreciate.’ I shall focus on the positive. I shall seek what is right. I shall appreciate the good side of things, people, circumstance and events.

I shall invest my time rather than consume it. I shall focus on positive and value-adding activities. I shall be reminded that time constantly moves. Once it’s gone, it’s gone. Thus, it is important to always assess my position – am I better off now or worse off. If it is the former, then I’m on track. If it is the latter, then I need to change something. There is no such thing as steady. If there is no growth of me compared to who I was yesterday, it means I became worse. Hence, I have to catch up. I have to become better.

I shall grow my network if I want to grow my networth. The growth of my network shall not only be in quantity but more so, on the quality. Are they supporting me in my goals? Am I supporting them too? May we bring each other to abundance.

I shall work the law of accumulation to my benefit. With due consistency, I shall hit my target. I shall not keep on changing my goals. I shall keep on showing up. If I need to adjust my actions, then go I shall. I shall hit it until I hit it.

I shall begin with the winner’s mindset. I shall win at the moment I begin.

I shall celebrate my successes. Success attract success. As I proceed in achieving my goals, I shall learn to celebrate every achievement. Yes, even the small successes. This will also keep me motivated in the pursuit of my goals. I shall cause more results and may my results cause for causes that produces results. May these causes and results be aligned to my goals – to success.

I shall use my gifts to my best. I have been bestowed with gifts. May I use them to the best – to serve others. May it be my work of workship to the Giver of Gifts – My God.

May I go, do these things. So help me God.

(Thank you, Mr. Raymond Lim for creating this magnificent MMM workshop. May God bless you more, guide you more, lead you more… and be a blessing to more people.)

My friend, let us choose to grow!


Live your life, young mind!

Chris Dao-anis


(Chris Dao-anis is an author, trainer and speaker on communication, public speaking and personal leadership. His third book Living Large in the Little Things is available at Mt. Cloud Bookshop, Casa Vallejo, Upper Session Road and at Psalms Bookstore [at Sunshine] in Baguio City.)

If you are interested to join the Money Making Muscle Workshop in January 15, 2017 (whole day, Sunday), I can help you arrange a ticket with the organizers (P2900 regular rate, P1900 student rate). If you will not be satisfied, the organizers will pay you back. Email me at 

Burn Your Borrowing Habit

Before you begin borrowing money again, pause first and reconsider this.THREE 100 DOLLAR ROLLS

Borrow money only when —

First, there is REAL EMERGENCY. But even that, double check.

Do you really need to borrow money at that particular moment with that particular reason? Do you need to pay something that must be paid right there and then, and you don’t have anything to pay for it? (This is also why we need to save up for an emergency fund.)

Unless it is a real emergency, do not borrow money. Use what you have. Get creative and resourceful.

[Oh, I have to mention that any SALE  at the mall for the day IS NOT an emergency. Don’t even say, “But I will miss that 80% discount!” No! The question is, do you really need to buy that item? Today? Really? Think again.]

Second, there is REAL BUSINESS. But even that, be careful.

Borrowing money has cost – this comes in the form of interest. If you are borrowing for business, make sure that what you will be earning is higher than the interest that you will be paying. If you are paying P10 in interest for every P100 that you borrow (10% interest), make sure that you will earn more than P10 for every P100 that you will put in. Factor in the efforts that you will exert and all the other capital that you will pour into that business venture. Maybe there has to be an earning of P25 or even P30 for every P100 (rate of return of 25% or 30%). Otherwise, don’t even think of borrowing or you will be losing. It is not enough that you will earn something. Will that something be able to cover and exceed the cost?

Also, it has to be a real business. Don’t fall into scams disguised as “business or investment opportunities” where you will be offered unbelievably high rates of return, 60%, 80%, 120%. That’s gambling! Some call it insanity! Yup, it’s greed, too. They will even teach you how to borrow money so you can join them in. Be cautious!

By the way, even if that something is a real business, you have to ask again. Do you really need to borrow money to finance that business. Is it really necessary to borrow or you better just use whatever fund you have right now? Bo Sanchez understands the concept of good debt for business but even he discourages borrowing. Is it really necessary to incur that debt? Better use your present resources and get resourceful and creative. Unless that is really, really, really worth borrowing for.

So before asking a friend, family member, relative or any lender to borrow money, think again. Do you really need to borrow today? Perhaps 99% of the time, the answer to this question is NO.

Quit borrowing money when it is not necessary. Borrowing has costs – and it is costly! Either you burn your borrowing habit or it will bury you to debt.

Let us work with what we have. Maybe the small amount we have can do something we did not imagine. Let us be better stewards of even that small resources that we have.


Two invitations for you:

  1. Consider learning more about personal finance. Learn from and be guided by the prolific man himself, Bo Sanchez. Go to
  2. I am launching my 3rd book in September. You can help me publish it by pre-ordering your copy. Go to

Where to Put Your Extra Cash

If you have extra cash today, where would you put it – in an investment or grab that pair of shoes on 70% sale?

[Image courtesy of thanunkorn /]

Last Thursday, I was at the Philippine Stock Exchange building in Ortigas.

After walking under the scorching heat of the sun for fifteen minutes, I found myself inside the elevator going up the 24th floor to attend the seminar on Investing in the Stock Market Today by the COL Financial.

A few hours after, I stepped into the elevator going down and later found myself at the ground floor entering the doors where I found a grand sale – with a whopping sign – up to 70% OFF!

Yes, there were branded shoes, shirts, and caps now being sold at super bargain prices.

I had two options then. First, I could use my extra cash to purchase something I would pick. Second, I could use my credit card to pay for three more things I would pick.

So there I was, walking around and looking at things I might like. Remember, I had two options, right?

Well, not really. I had a third option. My third option was to walk out of that room without any cash out or added obligation on my credit card.

Guess what? I chose the third option. I did because I think I don’t need to buy more shoes or shirts or cap that very moment.

I located where the exit door was and excused myself out.

Often times in life, especially in our financial life, we think that we have two options and that we had to pick option one or two. What we miss to consider was there were actually more than two options. There’s option three or even four or five.

Often times, we are faced with “bargain” opportunities and we think it is an opportunity that we have to grab thinking that an item that is regularly sold at P1000 is now sold at P300. We are saving P700 when we purchase it! Really?! The truth is, you walked out the door with P300 less than you walked in that door. The question is, do you really need that item? If yes, good for you. If not, then think again.

So let’s go back to the question: If you had extra cash today, where would you put it – in an investment or grab that pair of shoes on 70% sale?

Now, you actually have more than two options as well and investment can be interpreted in different ways. Perhaps, you need to invest more in learning. Enrol in a course or buy that book or attend that seminar. Perhaps, you need to start saving and build your emergency fund. Perhaps, you need to start investing in the stock market. Or perhaps you really need to buy that new shirt or a pair of shoes because you really need it.

The choice is yours! Just remember these two nuggets:

First, when faced with two options, look for other options. There might be other options which are way much better.

Second, when buying something, don’t buy just because it’s on sale, buy because you need it. How about saving or investing it?

So where again will you put your extra cash?


Live your dreams with love,

Chris Dao-anis


PS: Check out this online mentoring club that does not only teach about stock market investing but also prepares your heart and mind to abundance. Click here.

Start Investing in the Stock Market in 3 Simple Steps

I was cleaning up some paper materials in my old bag when I saw something precious worth sharing.

[Image courtesy of sscreations /]

Some of my friends are asking how they can start investing in the stock market. These three simple steps I read from a COL Financial leaflet say it.

I have discussed similar concepts in the past in this blog but let me share this briefly and let the number one online stock broker in the country speak through its material.

Read on the three simple steps. Here they are:

First, pay yourself first.

“The first and best way to start investing is by saving money. Every time you receive your paycheck, set aside a portion of your income for savings prior to expenses.”

Second, set financial goals.

“In order to take charge of your financial future, you must set realistic goals that are attainable within a certain timeframe. This will determine the direction of your investments.

Third, choose an investment plan.

“Successful investing requires discipline. Select and commit to an investment plan that matches your needs and goals. Taking concrete steps will help guide you in achieving your financial objectives.”


You may have read these same or similar steps in another material. You may have read it from this blog previously. You may have heard it from someone in a seminar room. But the question is: Have you acted on it? What’s your experience in applying these steps?


Live your dreams with love,

Chris Dao-anis


[Disclosure: I’m not an employee of COL Financial.]

PS 1: Are you challenged in starting to invest in the stock market? Let an expert guide you. Visit this site.

PS 2: Do you need holistic blueprint as you start investing in the stock market? Click here.

The Two Skills that Wealthy People Have


In 2013, the first Wealth Summit of the Truly Rich Club was held. Bo Sanchez gave a very simple yet powerful message right the very start. He shared the two basic skills that wealthy people have.

Bo Sanchez is the Founder of the Truly Rich Club with the battlecry – “Helping good people get rich!” This has started a financial revolution among “good people” in the country today. Bo has written 29 bestselling books, spoken in 14 countries around the world, including 36 cities in North America. He has also founded (or helped build) 12 non-profit ministries.

This event in was creatively tagged Wanted: Superheroes of Abundance. With Bo as Captain Abundance, he declared that indeed, rich good people are like superheroes. And superheroes have two super powers – these are the two skills that wealthy people have:

First, they have the skill to produce wealth.

Second, they have the skill to reproduce wealth.

The problem with these two simple truths is that we – you and I – often forget and ignore them. It’s time to be reminded of these fundamentals.

Let me elaborate on these two skills.

First, producing wealth may be translated into generating income. To generate income, either you earn as an employee or as an entrepreneur. Either you offer a service or a product and people will pay you for it.

As an employee, there are skills required to be a competent performer at work so one gets to deliver results. In turn, he gets rewarded not just his or her basic pay but with a generous performance bonus. He also gets promoted and gets a pay raise.

As an entrepreneur, there are skills required to be able to create a product or service and offer it to the public. With the value that is given, value (usually in the form of money) is returned. In addition to the skill on product creation are marketing and selling skills plus accounting and other administrative skills which the entrepreneur may have to acquire on his or her own or hire somebody to do some specialty tasks.

That’s the first skill on producing wealth.

Second, reproducing wealth may be translated to growing the money or income one already has. This may be equated to investing. In other words, you reproduce wealth by making your money work for you. You may invest your money in paper assets like stocks and mutual funds or in real estate that also gets you passive income (in the form of rent income) or in another business that produces income.

In other words, it is generating another form of income by using the income you generated in the first phase.

Hence, to learn to reproduce wealth, once has to learn to invest. Among the three choices (paper assets, real estate and business), one can ‘easily’ invest in paper assets. [To learn more about investing in stocks, you may visit this page.]

So those are the samples and quick discussions for these two skill sets: producing and reproducing wealth.

It may appear too simplistic but then again, this is to impress upon us the fundamentals that are often forgotten. Thus, we need to be reminded of these and get started with the basics.

The question for you and me is this: What actions are we taking so that we work these skills out in our life for our benefit?

Ponder on this. You may share your thoughts in the comments below or write them in your journal.


Live your dreams with love,

Chris Dao-anis


PS 1: To know more about the Truly Rich Club, visit this page.

PS 2: Do you want to learn more about investing in the stock market? Check this out.


Chairman’s Answer: How to Make Money in the Stock Market

The simple answer is to stay invested.

“2014 was a huge year for the Philippine stock market, registering a return of over 20% to its investors. I guess the question in your mind is ‘How can I still make money in the stock market?’ The simple answer to this is to stay invested.”

This is the message of Edward Lee, Founder and Chairman of COL Financial, the largest online stockbroker in the Philippines. This was his note to COL customers as he greets them Kong Hei Fat Choi.

He goes on to point out three things:

1. The coming years will see the rise of Asian economy with significant indicators supporting a positive market outlook.

2. The flow of foreign investors is seen to continue while the equity market is likely to remain bullish.

3. The Philippines will continue to experience robust economic growth, driven by higher consumer spending, a young working population, and greater infrastructure investments.

Mr. Lee also shares the key to achieving financial independence – that is to understand and apply the three basic laws of money.

First, pay yourself consciously and invest 20% of what you make.

Second, be sure to know what companies or businesses you are investing in.

Third, when you make money, do not spend it. Re-invest it.

This big man with a big heart ends his message, “Having seen the difference that COL has made in the lives of our customers in the last 15 years – from being able to send kids to school, putting personal businesses, pursuing life-long dreams and gaining the ability to help others – these remain as our inspiration to continuously strive to build a better investing for all our customers.”

There you have it! I’m just happy to share this Chairman’s Message.

So stay invested.

If you haven’t started yet, then come on, start investing. If you are employed receiving a salary every pay day, you better consider this. This is the best time to get started.


Live your dreams with love,

Chris Dao-anis


PS 1: Do you also need help investing in the stock market? Be guided by another big man with a big heart. Get to know him here.

PS 2: Do not gamble in the stock market. Be mentored. Meet a man to mentor you here.

4 Reasons Why You Should Invest in the Stock Market

As I was cleaning up my files, I found this folded paper inserted in my notebook. It is a paper that you should read if you haven’t started investing yet.

It declares, “Investing is the most effective way to build your personal wealth and secure your financial future.”

[Image courtesy of Sira Anamwong /]

Let me state it differently…

Look ahead to the future and imagine yourself in whatever future age you want to imagine. It would be great to live long, right? The risk though is if you live long, will you be able to finance your living expenses in the future? It is a question not to elicit fear of the future but rather to put things into context. While there is this risk, there is a way that we can minimize such risk. That is to invest – to build your personal wealth and secure your financial future.

As I am writing this, I am looking at a material from COL Financial, the largest online stock broker in the Philippines. It shares four reasons why you should invest particularly in the stock market:

Continue reading “4 Reasons Why You Should Invest in the Stock Market”

When What You Think of OFWs is a Mistake

“But behind these OFW stories, Filipinos in the Philippines are still blind and deaf to the real plight of these workers abroad. What is mostly planted in the minds of most Filipinos is that Filipinos abroad are walking or driving on carpeted roads, eating delicious food in world-class restaurants, sleeping in a five-star hotel, and dollars are raining to them. This is the reason why the word “kulang” (not enough) is the vocabulary an OFW hears from his family every time he wires them money. When a balikbayan goes home, people perceived him as the richest man on earth and start barking at him with “Painom ka naman diyan” or “Wala ba tayong dollar diyan?”

…writes Ireneo Marcelo in the Introduction of his book Between Two Worlds

[Image courtesy of fotographic1980 /]

I was in Baguio that Saturday morning. It was around eight as the morning sun blanketed the Session Road just like the float parade of flowers during Panagbenga Festival.

At a corner, I dropped by a store of my kababayan from Kibungan. After receiving wonderful words of appreciation about my book The Gift of the Ordinary, Ate Cora said that a fellow kababayan will be launching his book in the afternoon at the Benguet State University.

“You should stop by at 1pm.”

“Oh sure, I think I have time. I will. See you there!”

Then I walked down the street to my Alma Mater University of the Cordilleras to hand the copies of my book to the Dean of the College I attended and to my former university paper adviser.

Later that afternoon, after coming back from my sister’s place, I stepped into a roomful of people where the book launching of this teacher-turned-OFW who wrote a book called Between Two Worlds: Stories of Struggle and Symmetry of Filipinos Abroad.

The author’s name is Mr. Ireneo Marcelo. His friends and editor fondly calls him Manong Rene.

He has been writing in his school days, been an active school paper adviser while teaching, then found his way to teach in the Kingdom of Saudi Arabia. In his long years of stay abroad, he met a lot of OFWs with different stories. And these are what he shared in his book.

I haven’t finished reading the book yet. I just read the introduction and started the first chapter. I’m excited to read the stories in it.

Yes, I haven’t finished reading the book yet but even right at the Introduction, I felt what he was trying to share. Aside from the Stories of Struggle and Symmetry he is to tell in the chapters I’ll be reading, I was struck by one of the paragraphs he wrote. This paragraph is the one I quoted above.

Somehow, even if I am not at an OFW, I’m one with him in this observation.

We might think they are but they aren’t…

Our friends, relatives or family members who are working abroad are [most often] not driving fancy cars, not walking on carpeted paths, not living on a five-star-hotel-like houses. We might be thinking they are living comfortably – maybe they are – but what we forget are the hardships they endure at work, the pain not just of being away from their family but of some not-so-good employers, and the fact they are there working hard and not swimming in a river of dollars!

Admittedly, this is what I thought about OFWs when I was a kid. I thought they are living a happy rich life and that I should ask for their dollars – a huge one – and it shouldn’t even pain their wallet at all.

A sad fact not just with OFWs but with others working away from home…

Yes, this is not just true with OFWs but also with others who are provinces or cities away from home. Some friends or kababayans would have this wrong notion. What they don’t realize is that working in Baguio or Makati or Cebu or Pampanga or Subic or Qatar or Calgary or Quezon City or Global City DOES NOT mean sleeping on a bed of thousands of Central Bank bills and notes.

Yes, they may be earning more but their cost of living is also higher. This is true as you move from good cities to better cities in the Philippines or abroad.

So what’s the point I am driving at?

It is this – just like anyone else – these people are working hard, earning hard, and also spend money in their daily life. They are not just whistling around and earning dollars.

Add to this, we should support them and not simply think of them as a spring-like source of dollars. Yes, if they send remittances – be thankful. And being thankful is not just in words but also in deeds.

In deeds – meaning – in spending those remittances, do you do it wisely? Do you even think of saving a portion of it? Do you even think of investing a part of it?

Those dollars (or pounds or pesos) are fruits of sacrifice and should be valued as well.

Do spend it wisely. Save some and invest the rest.

Use them in worthwhile things and not on useless luxuries.

Sure, you may want to splurge once in a while in celebrating with your family. But spending those remittances like there’s no tomorrow and unconsciously thinking that those remittances would forever come flowing – a big mistake!

This wrong notion, this wrong way of thinking and mindless spending should be corrected.

They say that these Filipinos abroad, when asked, would say they still want to go back to the Philippines but they cannot give up what they are earning. When you ask some of them, they have been there for 10, 20, or 50 years. That long!

You could not blame them. They are doing it for their families. It is a huge sacrifice for them.

But these pains could also be alleviated somehow when the financial side is considered and that correcting the wrong notion be employed.

And probably, one day, the families of these OFWs and even they themselves would start valuing their hard-earned cash, their father’s remittances, and start doing the right thing – to save a portion, to invest some, and to spend wisely.

So that one day, the one who sent that money would probably be able to come home because he and his family was able to manage his huge earnings of dollars. Now, portion of it has grown in investment and the rest, multiplied in businesses. And because of this, he is now home if not closer to home. Now – enjoying happy days and celebrations – together.

This is not just for OFWs and their friends and families. This is also for you and me who are working to earn a living!

Today, let us start rewiring our mindset and start taking charge of our personal financial life!


Live your life, young mind!

Chris Dao-anis

Why You Should Increase Your Psychological Wallet

Your psychological wallet can determine how much you will earn and how much you will have.

I think I first heard the term ‘psychological wallet’ from Bo Sanchez some years back. And through the help of his mentoring through the Truly Rich Club, I have started to increase my psychological wallet. I still am a work-in-progress.

[Image courtesy of Sira Anamwong /]

A couple of years ago, I also learned that most money problems our mindset problems. This is where your psychological wallet comes into play.

Because small psychological wallet would not necessarily lead to more financial challenges but it hinders you to bigger financial rewards. You see, it can be a mindset problem.

On the other hand, Big psychological wallet would help facilitate progress and prosperity.

When hand work needs mind work…

A person may roll up his sleeves and work so hard to earn money but when it comes to earning money or keeping money, it may seem that what he had been working so hard for is not evident in the fruits he should be enjoying.

When a person has a small psychological wallet, he is saying to himself that he only deserves to receive small. And if at certain times, he is able to receive a huge buck due to his hard work, he won’t be able to manage it well to keep it for himself and be able to multiply this in investment vehicles to be able to support his future life and family.

Hence, you need to increase your psychological wallet because big psychological wallet tells you that you deserve more. It enables you to receive more and have more.

Let me give you an example:

Sam said he wanted to earn more. He wanted to earn P100,000 a month. So he worked hard on his business. He also wanted to add on his investments another P200,000. But everytime he is able to earn P100,000, it would slip away. It would suddenly go somewhere else. He would buy stuff that he does not need. He would throw a party on Fridays and there, his earnings would have vanished. His goal to add more to his investments could not happen.

What went wrong? What was the problem?

There maybe are other factors. But one factor most likely is that he has small psychological wallet. He wanted to have this big but his mindset asks for that small. Maybe his psychological wallet is only at the level of P50,000. And everytime his bank account reaches this amount, he would feel that it is so huge that he needs to throw away the others.

Somehow, his psychological wallet is not ready for something bigger. What he needs to do is to increase his psychological wallet.

I would have to agree with what Bo once said – You do not get what you deserve. You get what you think you deserve.

You may be deserving of P100,000 because of your excellent work but if you think you deserve only P30,000. Then you most likely will receive only P30,000. Have you ever experienced cases like this? Think about it…

You and I need to increase our psychological wallet. It would not happen overnight. It would happen over time and should go on and on. Get help from good books, seminars, mentors, and friends who share similar mindset.

You and I need to generate the power that we have within us as well as open our minds to powerful input from those men who have become what we want to become and surround ourselves with tools and people to support us and guide us along the way.

But what would drive you to be able to increase your psychological wallet?

Thinking to increase your psychological wallet for the purpose of earning millions may not be powerful and shallow and not sustainable.

Earning more for the mere purpose of earning more has no anchor. Earning more for a bigger purpose would be solidly anchored. And solid anchor would mean greater chance of success. This is what I learned as I get to meet and listen to successful people who are in healthy relationships not just in their finances.

Bo Sanchez preaches that the ultimate purpose of wealth is to love others.

Hence, this should be our driving power. We want to increase our wealth so we can increase our ways of loving others.

But loving others with your wealth should start from loving yourself first. You cannot give what you do not have.

Then as you get filled up, you will eventually overflow – your blessings would overflow to your family, then to the people around you.

Learn to increase your psychological wallet and be ready to receive more starting today!


Live your life, young mind!

Chris Dao-anis