Buy Assets Not Liabilites

Do not get pleasure from spending but get satisfaction from saving and investing. You should divert the source of your gratification from spending to saving. You should feel more excited buying assets than buying liabilities. Instead of waiting for promo prices or hovering your mouse over the online shop to look for discounted gadgets, signature clothes, appliances and consumer products, you should be watching, waiting, deciding of which company’s shares of stocks are you buying next.

As the experts say, we should strive to save an emergency fund which is at least an equivalent of our current 3 months’ salary. “Argghh!!! Really? How could I do that? It’s actually very simple, form a habit of saving. Make it a rule to save a portion of your salary monthly. You can begin by setting aside 100 pesos or 200 pesos, 500 hundred pesos regularly. If it is really difficult for you, start from 1 peso a day, 5 pesos a day, 10 pesos a day to form a habit. Start today. Don’t procrastinate. For some who have already mastered the art of saving, they save 10% or 20% of their monthly salary before they start spending.

Read, read, read. Many Filipinos today are so lazy to read. What they love to see are the viral nonsense videos of some people dancing around a banana tree or the like. Change the habit. Educate yourself with different investment instruments in the country. Lessen your Facebook time. Spend more time reading articles and watching videos about investing in the stock market, Mutual funds, VUL, UITF. Join forums and ask questions from those who have already started. They are more than willing to help and answer your questions.

Finally, when you think and feel that you know the basics of investing, open your own stock investor account. A better future is waiting for you. You just need to take action. Stop buying liabilities. Buy Assets. Spend wisely and “spend your money on things that will put moneyin your pocket” (Bo Sanhez) 

Stop Wasting Your Money

SALE

BUY 1 TAKE 1

PROMO OFFER

?% DISCOUNT

So, Miss One Day Millionaire or I’ll call her Miss ODM grabbed her purse and could not stop pouring her money around in exchange of the goods that she “ON THE SPOT” thought CHEAP and WORTH BUYING. Then, to her surprise her room is full of “STUFF” just lying around. Most of them were just used once or twice since they were bought. Miss ODM enjoys staring at her “STUFFS” until one day an unexpected expense popped out of nowhere but could no longer able to finance it because Miss ODM had already sprinkled all her monthly salary around. So, Miss ODM has to call out to friends to help her out until she was buried in debt. Only then that our Miss ODM started to learn how to segregate a little amount from her monthly salary for emergencies.

Stop wasting your money.  Before buying whatever it is that is on SALE, you should asked yourself whether it is really a necessity or you are just buying it because you think it’s cheap. Do you really need it? Or just the impulse kicking again? Don’t be fooled by the “CHEAP” labels you see at the malls. Think before you spend, it’s worth it. 

How Did I Enter Into the Philippine Stock Market

My Step By Step Guide in Buying 

My First Shares of Stocks

We have heard the word investment. Many of us may know what this is. However, believe me when I say many don’t have the correct understanding of what investment is. Some get themselves hooked up into wrong real quick money making. But when others do realize what it is, only few get themselves into real investment opportunities, and many procrastinate carrying the magic word to failure-“LATER”.  We give too many reasons to ourselves to justify our unwillingness to save and invest. People should learn how to manage their money so that they will be able to save and when they do that, they will be able to invest into the different vehicles of wealth.

What we usually do with our money

Many of us, once we receive our first salary from our first job after college, we usually spend our first salary treating our family and friends to lucrative meals. We use our first salary buying stuff that we think we need but actually we just want to have them. Unconsciously, we have already spent all our first salary without separating a portion for our savings, or the worst, we have already spent them all that we no longer have enough allowance before our next salary comes. 

The same case with many OFWs. Once they have received their pay, they go to the Western Union to send almost all their money home without separating a small amount for their savings for emergency purposes. When the OFW’s remittance is received by a family member, the first stop is the mall, the restaurant, disregarding the basic needs they need to settle first.

People are just like this, People are just so impulsive that when they have money, as if they will get sick if they don’t spend it right away. Many of us disregard the future. Many of us just don’t think too much about saving. People just don’t think too much about investing, thinking that investing is only for the rich.

What to Do Instead

Investing is not only for the wealthy. How do wealthy people become rich? Many of the rich people like Henry Sy and John Gokongwei once lived like many of us. Henry was once a shoe vendor, John was once a seller peddling items on the streets of Cebu, but they know how to save. They know how to grow money. And now, every time you received a remittance, every time you get your salary, Henry Sy and John Gokongwei collect them. You are unconsciously giving it to them by your regular visits to Henry Sy’s malls, buying John Gokongwei’s Universal Robina Products, using Sun Cellular’s calling and messaging service, flying on Cebu Pacific Airlines. But that can stop. You have the ability to stop it. You have the capacity to save a little amount of your money and invest them to grow.

I know, shopping is fun. I am a big shopper myself, too. Back then, I will spend most of my monthly salary shopping for goods, but I became smarter. I still shop, but I do it smartly. Now, I spend a particular portion of my salary shopping more assets rather than gadgets. Shopping is exciting but saving and investing is even MORE exciting.

Investments

There are many investment instruments in the Philippines now. We have VULs, UITF, Mutual Funds, Real Estate and we have the Stock Market. This eBook will show you how investing in the Philippine stock market can be done by ordinary citizens like you and me. You will read how I personally started mine by opening a stock investor account through one of the well-known stock brokers in the country. This may serve as your guide once you also decided to start changing your life and the life of your love ones. 

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