Colayco's Wealth Within Your Reach book

We were at the National Bookstore yesterday and I got the chance to read Francisco Colayco's Wealth within your Reach book. Due to self-imposed budget tightening rule, I decided to just kill the time by reading a few chapters. One of the chapters talks about a couple who are earning big buck in the 1980's. Lavish lifestyle, unexpected circumstances (i.e. husband was downsized from work) and uncontrollable debts, their financial status have suffered and fallen. The chapter shows one important lesson, live within your means.



Colayco also did mentioned at Inflation as the silent saving killer. An example is 20 years ago, one can buy a whole dressed chicken for a certain amount. the same amount 5 years later, can just buy half of the same dressed chicken. 10 year later, it will just be the drumstick and 20 year after, just the chicken innards (i.e. isaw, dugo, helmet). Therefore, the book is suggesting that savings should be diverted to investment tools that can beat the inflation rate.

As mentioned in pinoymoneytalk.com, Colayco will conduct free seminars for the month of March.