My Personal Finance Book List

Here's my list of Personal Finance Books:

1. Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence by Joe Dominguez & Vicki Robin

2. The Richest Man in Babylon by George Clason

I got this comment/survey from Get Rich Slowly about the best personal finance books:

I really liked and recommend The Richest Man In Babylon. It has the biggest impact me on so far. It has really changed the way I manage my and my organization’s finance.

I found some of its principles really worth applying. They are:

1. Save 10% of Income
2. Seek Experts’ Advice
3. Let Money Work For You. Invest.
4. Invest, Insure. Less Risk, Less Return Is OK / Desirable Than Risk.

I am sharing the gist of the book for the benefit of all.

Richest Man In Babylon

A. 7 Rules

1. Start thy purse to fattening - Save 10% ( A part of all you earn is yours to keep!)
2. Control thy expenditures
3. Make thy gold multiply - Invest in profitable ventures
4. Guard thy treasures from loss - No Greed. No unprofitable / unwise ventures
5. Make of thy dwelling a profitable venture - house of own
6. Insure a future income - Insurance / old age
7. Increase thy ability to earn

B. Debt Management
Be a man of honor. Pay debts. Clear them.
Be a man for your wife. Respect and honor her
Formula for repaying debt:
- 10% Savings
- 70% Expenses (Whatever you earn, follow this principle)
- 20% Repayment

C.
Procastination is the biggest enemy!
Luck meets person who is prepared for the opportunity.
No Gambling, wager - Luck!
Men of action are favored by Goddess of Luck.

D. 5 Laws of Gold
1. Gold comes glad so long as one invests 1/10 to create estate.
2. Gold works diligently for wise owner who finds for it profitable employment.
3. Gold clings to the protection of owner who invests it under the advice of men wise in its handling.
4. Gold slips from unwise person / venture.
5. Gold flees from man who puts it to impossible earnings / tricksters.

E.
Lend only to a person who knows how to use that money, how to get returns, has a business plan, who has expertise in that area, better a little caution than a great regret.

F. We cannot afford to be without adequate protection.

G. Where the determination is, the way can be found.


3. The Wealthy Barber by David Chilton

4. The Total Money Makeover by Dave Ramsey

5. The Millionaire Next Door by Stanley and Danko

6. The Automatic Millioinaire by David Bach

7. Rich Dad Poor Dad by Robert Kayosaki

8. Tightwad Gazette books by Amy Daczycyn.

Saving Tip

Pay your bills on time. Avoid needless late fees and know how much money you actually have.

Saving Tip

Switch to store-brand food items.

Saving Tip

Drink water rather than alcohol when you’re dining out.

Pinoy Spaghetti

Ingredients:

1 kg. spaghetti noodles
1/2 kg. ground beef
1/2 kg. ground pork
1/4 kg. hotdogs, diagonally sliced
1 kg. tomato sauce
3 pieces laurel leaves (bay leaves)
1/4 cup brown or white sugar
2 green bell peppers, diced
2 onions, chopped
1 head garlic, minced
3 tablespoons of cooking oil
1 cup of water
Salt and pepper to taste
1/2 cup grated cheese

Instructions:

Cook spaghetti noodles according to package instructions.
In a sauce pan or wok, sauté garlic and onions in cooking oil.
Add ground beef, ground pork, laurel leaves, bell pepper and a cup of water. Bring to a boil and let simmer for 10 minutes.
Add tomato sauce, salt and pepper to taste then let simmer for another 10 minutes
Add brown sugar and hotdogs. Continue to simmer for an additional 5 minutes.
Serve with the cooked spaghetti noodles and grated cheese on top.

Canon E18 Error

Oooooh yeah! My camera is back. After my camera was dropped by my son. The E18 error suddenly appears on the screen. After searching for forums/blogs how to fix this. Tried all the stunts, tricks and tips. Still it doesn't work. According to Wikipedia E18 is the most notorious in the Canon user community. See link: http://en.wikipedia.org/wiki/E18_error Most of Canon users of any digital model have the same problem. They say its either dropped, some dirt goes thru its lens or its a factory defect. I went to Canon service Center, they say I need to pay P8,000.00 so they can replace its lens. Duh! I only paid P4,000.00 for that camera after winning the bid thru a Chinese chick. It's like brand new when I got it. Complete accessories. As me and my brother looked for an instant fix in the internet we found this funny clip from Youtube: http://www.youtube.com/watch?v=Ff_J9tn5tZU Hahaha.
After that we tried to disasmble the camera.

Saving Tip

Have a garage sale.

Saving Tip

Add to your jar every time you swear.

Saving Tip

Bring your coin jar to the bank every month.