In Best Thing(s)

I do not know if we can be faulted with regard to the way we spend our earnings for the family. Most of us indulge in buying appliances, jewelries, toys, etc. as much as we can afford and treat our own families extravagantly when we are on vacation. One reason is that we would like to compensate for our long absence and our way of expressing our love for them within a short period of time as we know that at a certain date we will again leave them to work again abroad. Another thing is that we want our kids to taste or experience those things which we did not have when we are growing up. This cycle continues over the years and now we have realized that we should have read the books of these people very much earlier. Some of our colleagues here are almost nearing retirement but they said all is not too late.

Now, I am planning to have these books:

“Wealth Within Our Reach” by Francisco Colayco
"Pwede Na! The Complete Pinoy Guide to Personal Finance" by Efren Ll. Cruz.
“Rich Dad Poor Dad” by Robert Kiyosaki

One of the most important things discussed in their books is the importance of achieving “Financial Literacy”. Most of us do not really know how to handle money. I also read something like (and I should have known this) after you have received your earnings it is important that you have to “pay yourself first” which is simply just what we called as “savings”. I am not saying that we have not saved before or we are we not saving something for the future. What we are not aware is that there is a better way to handle and make the most out of our savings.

Quoting Colayco he says "Achieving financial independence isn't an option, it's an obligation," he says. "Wealth generation is a lifelong process. It is something that is built over time. It is planned for, periodically adjusted and executed with a firm hand. It needs clarity of thought and vision. It needs you to be financially literate." But I am not really aiming of becoming wealthy or having too much. I would just like to have a stable source of income and be with my family, the sooner the better.

As for other things, I realized that it is also very important to invest in good health and good relationships as with family and friends. Do I need to say where I can get these information?