Must Read Personal Finance Books For Pinoys

Reading was never my hobby. Probably, it never will. Give me a book to read and you’ll probably see me asleep in five minutes. Heck, I got out of college with decent grades without bringing books, so why bother reading? Hehehe!

Then I started working as a Junior Software Engineer. I got good training, decent pay. Free juice, coffee, and iced tea at the office. Life was good. A year and few months after, I realized that although the pay was good, working was not enough. I will never get rich just working. At that time, I had debts to pay, still had no savings, no definite financial goals. All I knew was, I wanted to be rich, I didn’t want to work everyday for the rest of my life. So what does this have to do about my dislike for reading? Nothing much, really.

book2aBut after watching an episode of “Sharon” where Francisco Colayco was the guest, I got caught up with financial jargon I have never heard before. Terms like mutual funds, trust funds, emergency fund, and the like, were new to me. So I convinced myself and my girlfriend that we buy his books (Wealth Within Your Reach & Making Your Money Work).

In a few days, I finished reading both books and felt so excited to apply what I’ve learned. It was the first time I read a book from cover to cover and I am glad I made that decision. I was converted from being a saver to being an investor.

pf_bookA year later, I also got the book “Pwede Na! The Complete Pinoy Guide to Personal Finance” by Efren Ll. Cruz and I must say, this is a must read for every Pinoy who wants to get out the rat race. I am looking forward to getting “Pwede Na! 2″ but before that, I’ll have to finish reading this first.

Just a disclaimer, these books won’t make you rich, as they are not “get rich quick schemes.” But they do help you learn how to get out of debt, how to get out of the rat race, and how to make money work for you.