Today's Quote

‎"The reason most people never reach their goals is that they don't define them, learn about them, or even seriously consider them as believable or achievable. Winners can tell you where they are going, what they plan to do along the way, and who will be sharing the adventure with them." - Denis Waitley

Today's Quote

" Learning is the beginning of wealth. Learning is the beginning of health.

Learning is the beginning of spirituality.

Searching and learning is where the miracle process all begins.

- Jim Rohn

    

"How To Prosper" By Bro. Bo Sanchez

*As shared by Sha Nacino, which am now re-sharing with you. 

"Note: Below is a tiny excerpt from my soon-to-be-released book, How To Prosper, Overhaul Your Financial Life. (It’ll be out in the bookstores soon.) Enjoy! –Bo Sanchez

Drink Now Or Drink Forever?

        One day, a man got lost walking in the desert.

        The next day, he was still lost.

        After two days under the scorching sun, he was very thirsty.

        All of a sudden, he saw a little wooden shed.

        He ran to it, thinking of only one thing—Water!

        When he arrived there, he saw an old, rusty water pump sticking from the ground.
        He gripped the handle and began pumping like a mad man.

        But nothing came out.

        Disappointed, he stepped back how to make it work.

        Looking around, he saw a jug covered with dust.

        When he grabbed it, he saw a piece of paper stuck on it.
       The message read, “Open this jug and you’ll find water. Don’t drink it.
        Pour it instead on the pump. And you’ll have all the water you want.”

        He popped the cork.

        True enough, the jug was filled

Peso Cost Averaging

By Cheryl Sperling

Last time, we were talking about investing in mutual funds. Some will be asking when is the best time to invest and how often do we invest? Well, there's is no best time to invest than NOW! The sooner we start investing, the better, due to the power of compounding or the rule of 72. We invest even when the market is down, or the market is up, or when there is a political chaos, or when there is political peace and quite. We may hear that we should time the market, but in the following chart below, it will illustrate three (3) scenarios of different market conditions in the stock market.

Peso Cost Averaging. Like saving, we should make investing a regular habit. We should invest regularly, say monthly at a fixed amount! This is what we call as peso cost averaging. By doing so, we minimize or reduce the risk of our investment when the market goes up and down, or simply said whether the prices of stocks are high or when the prices are down. "Save as fast as you can while you can."

                                                         *Courtesy of IMG

In the illustration, an investor, Mr. A, decided or planned to invest 100 pesos every month for 6 months: (Today, or at present, we can start investing in mutual funds starting at

Today's Quote

"Life is not measured by the number of breaths we take, but by the moments that take our breath away."

Take Control of Your Future

By Cheryl Sperling

Almost all of us wants to be sexy or macho, strong and healthy. But, just like being physically fit and healthy, being financially fit is not that easy at all. It needs a lot of sacrifice and discipline plus planning to be able to reach our goal. 'Sacrifice', in the sense that we delay our "wants" today and invest first and grow our money. Bro. Bo said, that, "Its either you have money now or you will have money forever." "Discipline" is needed to be able to set aside a regular amount for your financial goals, may it be short term or for the long term goal which is for your retirement. "Planning", as its only through good planning that you will be able to map out a clear financial future and reach your ultimate goal of financial freedom!

Everyone has different goals, depending on their needs! So there is no "one" solution for everyone. Different challenges, calls for different solutions! And as we go through life, our status and family changes, like from being single to getting married and then to having children, that's why we have to continually revise our plan and do financial check-ups along the way. Here's a guide below:

                                            * Courtesy of IMG

COUNT THE CHICKS, NOT THE EGGS

By Michael  Angelo Duenas

Most of the time, if not all the time, I think of my salary as a never-ending grace that continually presents itself to me as an opportunity to spend and bless others through what it can bring. I always bear in mind, that whatever happens, it is there; that it will continuously be around. But as I live my life payday to payday, saving nothing for myself or for my utmost future, I get nostalgic about the days wherein I could have been more of what I am now and I could have seen better things with what I have because I HAVE SAVED...

BUT, sadly, I failed to consider that unless the money is within my possession, it is never really there. And I tend to be assuming that I can spend more because I believe I can still manage my finances. And now I'm faced with the challenge of putting it all back together and start covering up for what has been over spent.

So the moral of this story is that, we should never include or claim things such as money as ours even before it touches our hands. And never ever spend or live a lifestyle beyond that capacity with which we can afford.