It’s Never Too Late to Start Investing in Stocks

Investing in StocksAs long as you are still earning, “too late” don’t exist in the world of investing even if you’re on your late 30’s, 40’s or 50’s. But if you are on retirement age and haven’t invested on anything yet, then that’s the tragic truth where the words “too late exist. Investing can be done in many ways depending on one’s financial ability. Investing on properties or starting a business if we have the capital to start one without having to loan from banks are really good choices.
The investments I mentioned above obviously involve a huge amount of money to start with. But have you heard of an investment that requires only a small amount to start up with but yields big amount overtime? Well, if you are reading this post right now, you have one very good reason in the world to be happy, get excited and unleash in you that never-before-seen smile on your face. Why? Because what you’ll read as you scroll down this post will make you millionaire when you retire. Are you ready? [Read more…]

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How To Start Building Emergency Fund

emergency_fundWhat is emergency fund? It is important to know by heart what this thing is all about otherwise we won’t be staunch to effectively save up for this purpose. The amount of cash set aside for any unexpected costs like illness, something wears out that needs immediate repair and all other financial surprises that comes into our way is referred to as emergency fund.
Whether we like it or not, emergency can come into our way anytime of the day and without sufficient fund reserved for times like this, is absolutely stressful. So, here comes the crucial QUESTIONS – ‘Are you prepared to handle that stress?’ or ‘Are you financially prepared to cover emergency expenses?’ [Read more…]

How To Start Investing In The Philippine Stock Market With 5,000 Pesos

You don’t have to be rich to play in the stock market.

Investing In The Philippine Stock MarketMoney makes the world go round, they say. That means we have to be really smart about it. We all want to make more, but we have to make sure we do it right. Get-rich-quick schemes are always out there, waiting to entrap those who believe their outrageous claims. Many attempt them in hopes of making it big. Sadly, these attempts end up with them losing their hard-earned money. Often, this is money they worked hard for through several years.

In the world of finance, there are only a few ways one can have his money grow passively. None of them can double your money in a week (except in very, very rare circumstances). But they are successful in making your money earn for itself. One of the most well-known among these methods is stock trading.

When most people hear the words “stocks” “stock market” “stock trading”, and “stock exchange”, many of them either shake their heads or blank out. Maybe they’ve heard too many horror stories about it and think of it as a scam or a gamble. Or maybe they’ve heard about it, but they don’t really understand what it is. [Read more…]

Pros and Cons in Networking Business

Networking business is hot and trending. Just say the word and everyone know exactly how it works. There are people who want to try and there are also those who simply want to get rid of it. Success testimonials from individuals who created a name in networking business are very enticing and attractive in a way that even makes you want to sign up right away without questions.
Have you been invited by a friend, family or colleagues to attend one of the networking company’s powwows? Were those individuals who made millions from networking showing their brand new BMW, mansions, high end gadgets got you? So enticing isn’t it? [Read more…]

Motivate Kids to Start Saving

Keeping a savings bank account instead of maintaining a piggy bank at home keeps the kids’ savings in a safe vault. A monthly saving of at least 100 pesos a month will accumulate a total of 6,000 pesos in 5 years. Cool isn’t it? But kids are only kids and the idea about saving may not be in their minds yet. So, to motivate and bring their young minds closer to the idea of saving, I initiated the first steps by opening savings bank account for them. I checked with my bank (Bank of the Philippine Islands or BPI) and I learned about this so called Jump Start account, a savings account for kids from age 10. So, I opened savings account for my two kids where they can put in whatever amount they saved from their piggy bank at home.
I used to have a piggy bank back then when I was their age. But every coins I put in there eventually vanished. Well, that is the disadvantage of a piggy bank – the coins can easily slip away. Please don’t ask me why… :)… But I still encourage my kids to maintain a piggy bank at home but the coins should not stay in there for long, it should be transferred to their savings bank accounts. [Read more…]

Three Easy Steps to Better Spending

spendingBecause there are endless temptations dragging us to spend our money, most of us certainly fall into one type – the bad spender. And the worst is we don’t even know that we already has become one. But if we really would want transformation from bad spending habits to not just being good but better, how about breaking free from bad spending habitude? Well, you can aim for the best if you really want to.
We all have bad spending habits and it’s either we are aware of it or we just snoozed it off. Because of this practice, many has fallen into piles of debt. To avoid this, here are three easy steps that will guide us on how to spend better with our money. [Read more…]