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My Maid Invests in The Stock Market Book Was Composed of Different Chapters To Be Exact Ten

This document provides a summary and reflection of the book "My Maid Invests in the Stock Market". The summary discusses the 10 chapters of the book which focus on taking charge of your financial future, why savings should not be in banks, investing in companies during times of crisis, and how to retire as a multimillionaire. The reflection notes how the book prompted the author to review their spending and consider investing, though they are afraid due to a lack of knowledge on the process. The book teaches the importance of budgeting, savings, and long-term investing in stocks to achieve financial independence.

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Arnel Medina
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199 views1 page

My Maid Invests in The Stock Market Book Was Composed of Different Chapters To Be Exact Ten

This document provides a summary and reflection of the book "My Maid Invests in the Stock Market". The summary discusses the 10 chapters of the book which focus on taking charge of your financial future, why savings should not be in banks, investing in companies during times of crisis, and how to retire as a multimillionaire. The reflection notes how the book prompted the author to review their spending and consider investing, though they are afraid due to a lack of knowledge on the process. The book teaches the importance of budgeting, savings, and long-term investing in stocks to achieve financial independence.

Uploaded by

Arnel Medina
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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DIVINE WORLD COLLEGE

San Jose Occidental Mindoro


MBA Graduate School Program
PHILIPPINE BUSINESS ENVIRONMENT
Fr. Glenn Paul M. Gomez, SVD- Subject Professor

SUMMARY AND REFLECTION: My Maid Invests in the Stock Market… And Why You
Should, Too!
The book my maid invests in the stock market book has ten (10) chapters. The main
focus of this book is how to be truly rich and retire a multimillionaire. It tackled the issues on
taking charge of your financial future; why your long-term savings should not be in the banks;
everyone ought to be rich; follow the simple system of income minus saving is equal to
expenses; own a great company; investing in different companies when there is crisis; open an
online account and lastly how to retire a multimillionaire.
Earning money in this country is very hard and painful. We encountered different issues
regarding networking which later on turned out to be a scam. We did not learn from that
experience. There is no such thing as an easy money unless you are into illegal activities. And
also, any investment which offers a higher interest than the banks has the potential to be a scam.
Upon reading this book, I carefully reviewed my routine of spending my salary. I was
shaken by the misspending of my income. Views and opinions raised in my mind. What if I try
what the book said? Can this lead me to becoming rich? However I am afraid of investing
money because I do not know the process. But the book emphasized the difference between
trading and investing, it emphasized that it should be investing but not trading. Aside from
learning on how to invest and really to become rich materially, the book also taught me on how
to be rich spiritually. I learned the five envelopes which in my whole life I did not practice.
First, the tithe fund which make you rich and feel rich, you will grow in abundance thinking
when you give beyond your family needs. Second, the expense fund which is for daily needs
such as groceries. Through budgeting you can actually spend money wisely. Third, support
fund which is being a charitable one, you have to help your family. Fourth, the emergency fund
which is considered as magic sauce, a secret ingredient. It is about savings. And last, retirement
fund. This last envelope also dropped my jaw. You will retire a multimillionaire, but you need
to invest in the stock market. This is the difficult one, how to invest.
The also discussed the different rules in investing: you invest in small amount, invest
even when there is a crisis, invest only in giants and lastly invest in many giants. Where to get
the money for investment is the punitive question. This concept of investing really mattered
most.

Submitted by: ARNEL D. MEDINA

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