Home PageREVIEWSAtty. Jeifan Ira Dizon: Book Review

“Money can be fun; especially when you know how to make lots of it.” Back-to-back books I Wish They Taught Money In High School show us how this can be done, by just about anyone.
In side A, or I Wish They Taught Money In High School – So I Can start My Own Business Right Away by Sharon W. Que relates how one can start a business—with little or even no capital. Sharon speaks about basic business concepts step-by-step, including where to get the money to start one. To illustrate her points, she uses a personal case study: a real estate project she and five friends embarked on with a little funding, lots of courage, awesome teamwork, and the willingness to work hard— from travelling hours to inspect properties to handing out flyers around town.
Meanwhile, side B, or I Wish They Taught Money In High School – So I’m Not Dependent on My Paycheck gives a wonderful introduction to the world of passive income. Author Clarissa Seriña-De La Paz shares her advocacy in moving beyond putting one’s savings in a bank for safekeeping and taking the more exciting and enriching track of growing one’s money through stocks and other investments. “The secret to freedom from your paycheck is in building your passive income,” she declares. With her “moneytudes” largely inspired and engineered by her parents, she discusses that the first step towards sound financial judgment is altering one’s mindset. She then explains in adequate detail the modes by which passive income can be earned – through buying and trading in stocks and through putting in money in a mutual fund.
While both adept with money talk, Sharon and Cla thought it best to enlist their friend, Katherine, to help them tell their stories better. Indeed, Katherine has successfully reduced the intimidating jargon into palatable bits of wisdom. Her straightforward, simple writing has made the financial concepts very accessible and appealing to the reader. Additionally, the catchy caricatures by GooglyGooeys.com lent to the over-all approachability of the book.
I have to admit that only at this ripe age of 31 (yes!) did I seriously consider the idea of earning passive income. And this book (Cla’s portion) is largely instrumental in causing me to actually act upon it. Last November, when I got my 13th month pay, I set aside a small sum and opened a mutual fund account. On the other hand, I feel quite inspired by Sharon. While I never thought of myself as the entrepreneurial type, her sharing on the benefits of having one’s business, and how it is actually doable, is making me do a double-take on my doubts.
Of all the tips that the two have given, the most crucial, I believe, is: start small. “Everyone was once a rookie. Playing, studying, and continuously practicing the money game can make you a pro money making machine.”
I couldn’t agree with the title more. While figuring out algebraic expressions and mapping out codons have their value (i.e., teach us patience, for one) subjects or even special clubs that teach money management skills and entrepreneurship should have somehow been included. True, when you get a job (or go into business) you’ll learn on the job, so to speak, about earning, keeping, and spending your money. However, it never hurts to get an early start!


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