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The Principle of Investing

And now for the last series, let’s talk about Investing. I’m in no way an expert in to this matter but what I know is that you cannot just place all your money in your savings account and enjoy the one percent to 3 percent annual interest. That won’t bit the inflation rate.

After building up the Savings mentioned in the previous blog, whatever we save in excess must go to investing. Investing allows your money to work for you in the long term. There are various ways to invest as listed below:

1. Stocks and Bonds. You can place your money to stock market or bonds. Stock is owning a certain share of big companies hence, entitles you for dividends while bonds is lending money to big companies giving you interest income. You can hire a broker to work for you if you are not familiar with stocks and bonds.

2. Stocks, safe method. You need market knowledge if you want to invest in stocks. It could be stressful at times. But there is a way to invest in stocks more easily. That is called the Peso-averaging method, wherein you invest a fixed amount in a fixed interval for a longer term, like five years and up. You can do this on your own through Citiseconline’s produce called Easy Investment Program. Check out www.citiseconline.com.

3. Mutual Funds. Another way to invest is to be part of pooled funds, where account manager will be the one to invest for you. This way you can start with a small capital. This usually holds for five years to maximize the benefits, though you can withdraw your money anytime you would want. Sunlife Financial offers this kind of services.

4. Business. Definitely, we can invest by putting up your own business. Know your passion and plan about it. The key to business is passion and planning. When you put your heart on it, then whatever business you set can make you prosper. Just make sure not to lose balance in life.

So there you have it. I hope everyone learns from this Money Talk Series. I believe, we have the capacity to produce wealth in our own way. We just have to employ discipline in our life. We are God’s stewards of this finances. He wants us to maximize this in a way pleasing to Him.

Have a prosperous week ahead!

Don't just invest in Money. Invest on matters that money cannot buy, life Friendship! ♥

12:15:00 PM
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The Principle of Savings

Personal Finance

One of the common advice on financial management is Pay Yourself First. You deserve it because after all, it is you who worked for your salary or income. People usually interpreted this by splurging once per pay day like shopping, dining out or traveling. While these things are not bad, there is one good way of paying yourself first. That is to Save. Through savings, you're giving yourself a favor of accumulating wealth that will work for you in the future.

How to Save. The key here is to set aside a certain amount, ideally 20% of your Income as your monthly savings. You can contact your bank and request them to take away automatically a fix amount from your payroll account and transfer it to another savings account, so that you will not be tempted to use up that portion of your money. Consistently do it and in no time, you will see you are building up your wealth.

Now your savings is consist of Emergency Fund, Insurance, Retirement and Health card. Not because you have a savings account with a few bucks you consider yourself having Savings. You have to have all this stuffs.

1. Emergency Fund – this must be a savings account consist of at least 3-6 months of salary. This way, in cases that you will lose your job, you won’t beg and you still have funds to keep you going.

2. Insurance – This pertains to amount you or your family will receive in case of accidents, incapacity or death. You can check out Sunlife or Manulife to checkout products that fits you. You will pay a monthly premium for a certain years and it will cover you lifetime.

3. Retirement – after you saved 3-6 months of salary, then the succeeding savings will now go to your Retirement Fund. This fund should be untouchable and should be exclusively use in time you decided to stop working and start retiring.

4. Health Card – Definitely you don’t want your savings to be used up on your health issues so it is good to have a health card. Most employers provide this to their employees anyway. If your employer doesn’t, then invest one for yourself.

That’s about it. I know it’s a lot of money but you don’t have to build this one time, you will build this one by one so the earlier you save, the better. There you go, Pay yourself first the better way.

6:02:00 PM
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The Principle of Giving

Personal Finance

Happy Thursday!
Last Monday, I shared with you the discipline of Money Management. You can check it here. First of the list is the Discipline of Giving. Now let's get into the details. To whom we should give? See the list below.

1. Give to yourself.
          One reason why people have a hard time managing their finances its because they do not enjoy their finances. You should first give yourself your needs for clothing, decent shelter and healthy food. You are the one who works so it is important that you are well provided. But definitely this doesn't mean that you will spend everything to yourself, live within your means still is the key.
2. Give to your parents.
Giving to your parents is a good thing to do. It's biblical. The Bible says, honor your mother and Father so that you will live long life. This is the first command with a promise. Honoring parents can be manifested through giving them financial support. They have invested millions to you through your education so it is just right to give back. And the good about this, God has promised to bless you in return.
3. Give to those who needs.
          If you have an excess, take time to help those in need. A generous heart is always blessed by God. You can support organizations, foundation or even people you know through your giving.
4. Give to the government.
         Pay you taxes. I know how many people are irritated with taxes. But our tax is our way to finance our nation. So pay correct taxes. Just have a new mindset, instead of thinking that those taxes will be used by politicians for themselves, just think that through your taxes, you are blessing the nation!
5. Give to God.
         And definitely, the most important. Give to God! In the Bible, Malachi 4:10 says, Bring the whole Tithes into the Storehouse that there may be food in my house. Test me in this, says the Lord Almighty, and see if I will not throw open the floodgates of Heaven and pour out so much blessing that there will not be room enough to store it. And this is the giving the keeps us from receiving more and more.

And though we give all our money to God, we can never repay Him for creating this Magnificient Earth for us!

2:13:00 PM
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