Home PageREVIEWSMichi’s Home Sweet Home: Book Review

i wish they taught money in high school (1) i wish they taught money in high school (2)


I didn’t grow up in a rich family, we also live from paycheck to paycheck. The salary is enough to provide the needs but not the wants. If you want something like new toys and new clothes, you have to wait on your birthday or Christmas. We don’t have family date every weekend, no summer outing or summer classes.
If there’s no school, I don’t have money so even when I was a kid I learn to save my allowance. Nobody taught me about money, I just realized that I need to save if I want to buy something. I had my first savings account when I was in College, I know it’s already late because others have it since they were kids. I feel so rich when I had my first ATM. lol.
I was able to buy my first cellphone, I joined out of town trips and was able to buy my wants because of my savings. It is my dream to save more so I was very eager to graduate and have my own work so I can save and save.
As I mentioned, nobody taught me how to handle money, how to save and how to invest but through watching TV and reading magazines and books I’ve gained knowledge. One of the books that opened my mind is “Rich Dad, Poor Dad”.
Last month I received this book “I Wish They Taught Money in High School So I’m not dependent on my paycheck/So I Can Start My own Business Right Away”
I was reading this book while waiting for our Kuala Lumpur flight and I finished the book before we reach Kuala Lumpur, Malaysia. I like the book because it so easy to understand and even the financial terms were simplified. You will be inspired and motivated because the authors are sharing their own experiences and you will realized that you can do it too.

So I’m not Dependent on my Paycheck
I’m pretty sure that most of us wanted to gain financial freedom or at least we won’t be dependent on our paycheck. When I was still working, I just wanted to save and from what I’ve read you need to save at least 6 months of your income so I followed it, even I reached my 6 months income I did not stop until I resigned from work.
I’m proud to say that my savings helped me to finish paying my insurance and postpaid bill. At least hindi ko inasa sa aking hubby because I have my own savings. So what if hindi ako nagsave, sayang ang aking insurance kung materminate lang. Saving is really a must for everyone especially for emergency needs.
Well, of course saving is not the sole solution to gain financial freedom. The book will challenge and show you how to achieve your dream. You will learn that money is not taboo, debt is not bad and credit cards are not evil. I must agree because I posted before my savings tips regarding cards.
I want to share the 5 tips from the book so you can transform your regular income into passive income.
S-Start Small
M – Make a Habit (and stick to it)
A- Acquire More Knowledge
R- Raise the Bar of Creativity
T- Think Outside Your Salary
“Formal education will make you a living; self-education will make you a fortune – Jim Rohn”



So I Can Start my Own Business Right Away
I resigned from my work because I need bedrest, having no work = no salary. Of course I’m not used to it and I don’t want to spend my savings for my wants and needs. I tried selling house and lot, I opened my online business and recently I resell generic home products like detergent powder, dishwashing liquid and fabric conditioner but it wasn’t successful. I earn from those sidelines but I think it is not the business that will make me achieve my dream. Well, I’m not giving up yet, I’m still hoping that I will have my own business someday.
Reading this book will make you realize that you can start your own business with little or no capital. It will teach you how to multiply your income and how to overcome challenges and finding solutions.
One thing that caught my attention is the Eker’s Sophisticated Analysis because this is something new to me. According to Eker’s analysis whenever you have any extra money, you should practice apportioning it into 6 different jars. (after tax)
10% Financial Freedom Account
55% Long Term Savings for Spending
10% Contingency Fund/Neccesities
10% Education
10% Play
5% Give
I do encourage you to buy this book P500 if you want to learn how to save, invest or start your own business.



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