Risk Appetite

I am amazed at how I have outgrown my fear for losing money over failed investments. The first time I went into business and failed, I became averse to risk that I stopped going into another business and put my money instead in banks. For quite sometime I have been lodging my money in savings accounts that earn a very minimal interest. I did not even bother think of having it deposited instead in a time deposit to give me a higher yield. I was content that my savings are safe in the banks.

The Road to Financial Freedom

I came across a book by Bro. Bo Sanchez, the popular charismatic Catholic preacher, about the Eight Secrets of the Truly Rich. It talks about how his views on accumulating riches have changed from that of negative to positive. He also gives some practical steps on how to free oneself from financial burden and earn passive income that would give anybody the opportunity to increase the active income -- one derived from day job -- without really eating too much of one's time.