Stream of Ry

I have been reading this book and I have learned a lot from it.
The book taught me lots of new things (such as the difference between an income statement and balance sheet) but more importantly, it reminded me of lessons I already knew but never took them to heart. Now, I repeat the same lessons to myself over and over again so that I will never forget.

“The rich buy luxuries last, the poor and the middle class buy luxuries first”

“Know the difference between an asset and a liability and then start purchasing assets.”
(Hint: a house and a car are not assets, most of the time.)

“Look beyond the paycheck and at the skills that you will gain from your work. Work to learn, not to earn.”

“Always mind your own business.”

“Use that thing between your ears. Think. Don’t react.”

“Money is important because with money comes freedom. Freedom to spend more time with your loved ones and to invest in yourself. It is important, but it’s not everything.”

“Always be honest, at the very least, to yourself.”

“Remember the Texans and the Alamos. If you will win, win hard. If you will lose, lose hard.”

“Losers fear losing so much that they lose. Winners still are afraid of losing but their urge to win is much stronger than their fear of losing. If you are too afraid of losing, then you will never win.”

After a month, I’m down into the last chapter of the book. The reason why it took me so long is that I re-read all of the preceding chapters so many times because I enjoyed it so much. The narration is simple and casual but is loaded with all sorts of ideas.

This is definitely a book that I will keep on reading, again and again. It may be a book that sells itself as a means to know the secrets on how to get rich, but it teaches us something that we all know but conveniently forgets: everything depends on our attitude.

———–

I’ve recently entered the IT business as a developer and the timing could not be any better. I have restructured my life plans, reconsidered various opportunities, and started changing my mentality since I started reading this book. Since then, I notice a lot of things I do not notice before, I think of things I never thought I would think of and I’ve been generally happier because of it. (You probably think I’m a nutter now, don’t you? Haha.)

By the age of 25, I am aiming to have my first million PHP (my dad said USD but I think that’s a bit of a stretch). I fell short of my goal for this year by around 40% but I’m looking forward to next year. I’m not so afraid of failing now; I want to win.