Making Your Money Work; Pera Mo, Palaguin Mo! 2 by Francisco J. Colayco
My rating: 5 of 5 stars
This book is a simple and easy-to-understand guide on how you can make your money, no matter how little you think it is, grow. This book tackles topics such as mutual funds, the stock market, entrepreneurship, bonds, and almost anything you can invest your money into. These concepts may sound daunting to the layman who knows nothing about investments, but Colayco was able to make them engaging, bite-size and almost too easy to act upon (which they probably are, if you’re up for the task).
I believe this book was really written with the Filipino wage-earner in mind. It has anecdotes, showing the different scenarios that unwise vs knowledgeable small-time Filipino investors have gone through. It has graphs and pictures. It sometimes has repetitive phrases, but they only seemed to emphasize rather than annoy.
I was most interested in its discussion about ages- about how I should be risking & investing more while I’m young, while placing my money into safer financial instruments as I get older (all the while reaping the benefits of my prolonged savings/investments during my younger years).
A very good read that got me motivated to take a second look at my expenditures xD a must-read not just for wannabe businessmen and stock brokers, but also to anyone who’d want to get extra cash on the side, but not wanting to take another job, nor work too hard for it. 😉
[This is the first DIY investing book I’ve ever read. This was actually required reading for a course of mine in college. I’m more than glad to have gotten a copy of this for my own perusal, and I’m infinitely thankful to the professor who asked us to buy a copy of this :)]
