Saving Money: Stingy or Frugal (Kuripot o Matipid)

         Saving money or keeping a portion of your hard earned money to be used for your future financial goal is really makes you a kuripot?  Do you believe in it? Hmmm! Saving money when you do it regularly, it becomes a habit and it will become part of your daily life. Because of saving you learn how to budget your salary, you learn to differentiate the wants from needs and most especially you learn how to value each centavo you earned. 

         It will develop your vision towards your goal, why you are saving money. When you start saving money you minimize your expenses on things that you don’t really need and living a life below your means. Because you realize how to value each centavo you will spend. In some cases you also refuse to lend money to someone else.

          But is that enough reason to call you a Kuripot? Sometimes you will feel annoyed and sometimes ashamed of yourself, especially if they will say it in front of the other people 'kahit pabiro pa ito". Maybe you will ask yourself kuripot ba ako? Well, don’t be irritated to what some people saying about to you, because they don’t really understand what you are doing. Also, they don’t know what the real kuripot is? Kuripot is depends on how a person behave and act on spending his or her money. Actually, there is a good and bad side of kuripot. A word kuripot or stingy are synonyms of the English word “miser” which is defined by Wikipedia as;

A miser is a person who is reluctant to spend, sometimes to the point of forgoing even basic comforts and some necessities, in order to hoard money or other possessions. 

          So, kuripot can be called to a person who refused to spend money even for his or her own benefits. You work hard to earn money for your comfort and then you will not spend it even for your own benefit. If you become a slave of your money, you’re living like a miser in which you can be called a kuripot. But if you refused to spend money on the things you don’t really need, you are just a wise person thinking the right decision before spending your hard earned money. It means you are a frugal person or matipid in which Wikipedia defines frugality as;

Frugality is the quality of being frugal, sparing, thrifty, prudent or economical in the consumption of consumable resources such as food, time or money, and avoiding waste, lavishness or extravagance.

         Let say that kuripot has good and bad side. The bad side of kuripot is the person who is living a miser's life. A person refused to spend money even for his or her own comfort. Also, refuse to help others, even it is an emergency or life & death situation. 

        While, the good side of kuripot is living in a frugal way "wais or matipid" knows how to control his or her way of spending, knows to separate the needs from wants and a person who has no hesitation to extend his or her hands to others in time of emergency situation. 

          Next time, don't be upset for what others will say to you at least in yourself, you know that you are a good side of kuripot. So, if someone says to you "kuripot" just smile and say "matipid lang". Continue your goal of saving money, but don’t just saving it, also learn to invest your money. Because through investing, you are not only allowed your money to grow, also you make your money work for you. 

          Before I end up, let me ask you a question are you in a good or bad side of kuripot? Please write your answer in the comment box below. Again, thank you for visiting my blog and see you in my next post. May god bless you!

Also Read:

The Importance of Writing Down your Expenses
The Importance of Building your Own Emergency Fund
Is it Important to a Couple to have the same set of mind in Terms of Financial Matter?
An Advice for OFW before leaving our Country

P.S.1 Subscribe to my blog to receive my latest post directly to your email Inbox it's free>>Subscribe to My Personal thoughts About Life ..

P.S.2 By the way I joined truly rich club, dahil sa club binuksan nila ang aking kaisipan about investing, saving at iba pa. They inspire and motivate me to reach my financial goal, iniimbitahan ko din kayo to join us click here to sign up.

Is it Important for a Couple to Have the same Set of Mind in Terms of Financial Matter?

         A couple that is compatible with regards to their finances or let say with the same set mind is very rare to find it for now. It is because some couples do not give time to talk about it, some are lack of idea and not aware about their financial situation. In addition, sometimes one of them doesn't have interest to talk about it and just say “Ikaw na bahala”.  But often this financial matter becomes the reason to have an argument and misunderstanding between a couple. Then, later on sometimes if not settled, it ends up in a worse case. That’s why this financial matter must be taken seriously by a couple and not to be neglected to talk about it.  

       Well, it is common for us that we let our wife handle this matter.  We just give our salary to her and let her drive the wheel to budget all the expenses and saving as well. This is good if one of you doesn't have any idea how to do it, but it is much better if we have a companion than doing it alone and the best companion is your spouse. It is said “Two is better than one”. A Couple should have both Financial aware with the same set of mind in handling their money.  It is vital for a couple to have both one goal and understanding about their financial situation. They must discuss each other what is their goal, how to achieve this goal, how they will plan to budget their income and make a saving and all matters regarding their financial. Without discussing and planning it in the end not only your financial will suffer, but your relationship too.

Photo Credit:paperblog.com

         It is normal for a couple that they have some argument regarding financial problem or let say they have some misunderstanding about “Money”.  If one of you don’t have an idea or understand what their spouse doing, then conflict may arise. But don’t let this argument come to worse instead make it as a challenge to strengthen your relationship. Discussing and planning your finances together with your spouse will give a great benefit in your relationship. It enhances your bonding and gives an enthusiastic effect in your relationship. Being openness to each other and have an open mind is the key for it. Sometimes, I know you can’t avoid disagreement, but the secret here, avoid saying something that could make offend for both of you. Also, both of you must have patience when argument arises and make your tone low with compassion to each other.

Additionally, I will share with you a video from ANC On The Money... ↓

          Let me end up my article, with some few questions. Did you and your spouse have both the same set of mind with regards to your finances? I mean, are you both aware about Saving, Budgeting, handling your Income and also in Investing? Did you both discuss and plan how you will manage your income? Or you just let one of you to handle this matter? Hmmm! Feel free to comment your answer or idea to give additional information to others.

          I hope you get some tips on my blog about saving, budgeting and investing and again Thank you for visiting my blog and see you in my next post. May god bless you!

Also Read:

The Importance of Writing Down your Expenses
The Importance of Building your Own Emergency Fund
"Ber" Months Na!
An Advice for OFW before leaving our Country

P.S.1 Subscribe to my blog to receive my latest post directly to your email Inbox it's free>>Subscribe to My Personal thoughts About Life ..

P.S.2 By the way I joined truly rich club, dahil sa club binuksan nila ang aking kaisipan about investing, saving at iba pa. They guide me and motivate me to reach my financial goal, iniimbitahan ko din kayo to join us click here to sign up.

The Importance of Building your Own Emergency Fund

          Every one of us needs to build their own emergency fund. It is very significant to someone else to build this fund because of this main reason it protects our saving and investment. Emergency fund is like a friend that we can rely on. It will save us from worrying and lessen our stress in unexpected major expenses that can happen in our life. Well, I did not say that something bad will happen in your life, but we just have to anticipate the expenses we will use for it if suddenly it happens. Besides, who knows it will happen, that's why? It is better to be prepared rather than become crazy thinking where to get that money. Kaya tama yun isang kasabihan nating mga pinoy “kapag may isinuksok may madudukot”. 

Photo credit: usac.ucla.edu

         You can use it in unexpected emergency expenses that will happen to you such as suddenly lost your job, suddenly got sick, damage to your property due to the calamity and any other major expenses that you don’t expect. Having this fund you can have a peaceful mind where to get those expenses. You will not be forced to borrow money with a high interest debt, pledge your accessories to pawnshop or use your credit card as the last resort. But remember, that fund is for unexpected emergency expenses only not for paying your debt or any other expenses beyond it.

         Financial expert advice, you must have at least 3 – 6 months worth of your living expenses in your emergency fund. Your living expenses are your total monthly expenses you needed in one month. This fund must be put into an account in which it is easy to be liquid or in cash, like in a savings account or in any financial instrument that can be easily to withdraw once you need it.

Additional information I shared with you the video from ANC On The Money: Building Your Emergency Fund.....↓

         So the essence of this fund is providing you a back up fund that could save you from worrying, also protects your savings and investment. It protects your saving and investment in a way that you will not be forced to divert your saving or forced to pull out your investment to that unexpected major expenses. First build your emergency fund before saving or if you can build it at the same time much better, then investment will follow.

         If you have anything in mind or additional information about the importance of building your own emergency fund feel free to comment. It will give an additional advice and information to others.

         I hope you get some tips on my blog about saving and budgeting and again Thank you for visiting my blog and see you in my next post. May god bless you!

Also Read:

Invest Invest din pag-may Time
Money Saving Tips

Stock Market

The Importance of Writing Down your Expenses

P.S.1 Subscribe to my blog to receive my latest post directly to your email Inbox it's free>>Subscribe to My Personal thoughts About Life ..

P.S.2 By the way I joined truly rich club, dahil sa club binuksan nila ang aking kaisipan about investing, saving at iba pa. They guide me and motivate me to reach my financial goal, iniimbitahan ko din kayo to join us click here to sign up.

An Advice for OFW before leaving our Country

        Being an OFW, we have a mix emotions once we have to leave our country and have to start work abroad. We feel happy, excited, some are worried and the most of all we feel sad. We feel excited & happy because we will have a chance to give our family the life that we dream for them.  All of us have one common goal, why we choose to work far from them and that is to give them a better life. We feel worried because we don’t know what will be the life awaits us in the country we have to work. Sad because we have to sacrifice a year without our family with us and start living alone. But keep aside this feeling for a while and think first what you need to do before leaving our country.

Photo credit:smartpinoyinvestor

I have listed some of the things that an OFW must do prior to leave our country.

 1. Know the culture and ways of living in the country you have  to work.

     In your Pre-departure Orientation Seminar (PDOS) you can ask the person conducting the seminar about the culture, climate, foods, ways of living and any other information about that country. Knowing that information will give you an idea how to adjust yourself to that country and will minimize your worried. You can have also an idea on how you will start your budgeting and saving as well.

2. Know your privileges and rights as a Filipino Overseas Worker (OFW).

     I share with you a video from ANC on the Money regarding the topic about the privileges and rights of the Overseas Filipino Worker. >>Click link here<<

Video Credit: ANC on the Money

3. Open your own Savings Account.

    Having your own savings account is a good idea, because aside from the remittance you give to your family you must also keep a percentage of your income as a saving. Tips, to keep you save in paying the remittance fee, enroll your account into online banking and add the bank account of your love ones if they have. By doing online you can easily transfer money to your love ones without charge of course, this is applied to the same bank.

4. Discuss your salary and how much you will give to your spouse or to your loved ones who will receive your monthly remittance.

    This is important to discuss with your spouse or to someone who will receive your remittance to prevent any misunderstanding. Tell them how much your salary and discuss with them how much you will give. Explain it in a better way “Why” that is only the amount you will give to them, but you must have an idea how much their monthly expenses for food, water bill, electric bill and any expenses for one month. Knowing this you can have a reasonable amount of how much you will give a monthly remittance to them.

5. Know your goal while working abroad.

    Know your goal, why you need to work abroad, write it down so that you can read it and keep reminding you about your goal. Knowing your goal and writing it is like you are riding in a car that you know where you will go and if you find your lost you can check it in your map.

6. Discuss your goal to your spouse or to your love ones  and keep them a part of it to achieve your goal.

    Telling your goal to them will let them understand why you need to work abroad. It gives positive emotion to them that make them to be happy. They will also realize how important they are to you. Letting your family involve in your goal will make them appreciate the essence of your sacrifice. They will also realize their important role to achieve your goal and in the end you will find each other working towards a common goal. Doing alone to achieve your goal is good, but it is much better doing it with a companion specially your spouse.  Remember that "two is better than one". Not only that, you will both get motivated by each other and it gives a positive outcome in your relationship.

     That's it, only few things I can say, so if you have anything in mind or experience about what should an OFW to do before leaving our country feel free to comment. It will give an additional advice and information to our fellow OFW prior to their departure.

     I hope you get some tips on my blog, again Thank you for visiting my blog and see you in my next post. May god bless you!

Read Also:

Saving Tips for OFW

OFW: Todays Modern Heroes!

Why We Should Invest?

About Truly Rich Club

P.S.1 Subscribe to my blog to receive my latest post directly to your email Inbox it's free>>Subscribe to My Personal thoughts About Life ..

P.S.2 By the way I joined truly rich club, dahil sa club binuksan nila ang aking kaisipan about investing, saving at iba pa. They guide me and motivate me to reach my financial goal, iniimbitahan ko din kayo to join us click here to sign up.

THE IMPORTANCE OF WRITING DOWN AND TRACKING YOUR EXPENSES

       Do you know the importance of writing down and tracking your daily expenses? Tracking your expenses is actually the first step to start your budgeting and saving as well. Without doing this you're like a person groping in the dark. I’ll give you some reason why doing this is important.  In doing this it helps you a lot whether you do it in weekly or monthly basis. I've been doing this for the past 3 years up to now and believe me it helps me a lot.

Photo Credit:thepeacefulmom

        I remember before when I’m not aware of the importance of it, I have always seen my wife before going to bed, holding a ball pen and with here notebook writing all the expenses we consume during the day.  When I look close to her notebook I was surprised she writes down all the expenses from fares, bills, groceries and even the expenses when we eat in a restaurant. "Tumatawa ako at sinasabi ko" Anu yan? Meron ka pala diary ng mga expenses natin para saan pa yan? Ha ha ha. She just stares at me, smile and she said. “Para alam ko kung saan napupunta suweldo mo at suweldo ko baka dumating ang araw paghanapan mo ako” ha ha ha. She knows the importance of it, but she did not explain to me because she knows that I will not listen.  But after I become aware about financial matters, heard from some financial adviser and read articles about financial literacy. Now I know, the importance of what my wife doing and I’m proud of her.

        It is very important that you list down all your expenses daily from small to bigger amount. You can do it in a modern way by using an excel spread sheet or on a piece of notebook. So here are some reasons why writing down and tracking your expenses is important.

•     You will see where you hard earned money goes.
•     It gives you an idea how much you are spending per month or week.
•     You can easily point out which expenses are just wants or needs.
•     It’s help you to save more by adjusting your expenses.
•     It gives you an idea on how to budget your salary in the next month so that you will not be over expense.
•    You can also use that data to challenge yourself to lessen your expenses for the next month.
•    You can see the progress of your budgeting every month.
•     It gives you control of your finance.
•     It shows your financial habits if it is good or bad. 
•     It gives you a feeling that you control money and not money control you.

       
       So that’s it, from the start you will find annoying and difficult, but if you do it regularly it become your habit. If you have some idea to add on how tracking down your expenses helps you. Please share it with us, feel free to comment so that it will give an additional information to others.

I hope you get some tips on my blog about saving and budgeting and again Thank you for visiting my blog and see you in my next post. May god bless you!

Also Read:

How to Start a Savings?
Money Saving Tips
Why We Should Invest?

Where I Should Put My Investment

Truly Rich Club

P.S.1 Subscribe to my blog to receive my latest post directly to your email Inbox it's free>>Subscribe to My Personal thoughts About Life ..

P.S.2 Do you want to gain Financial wealth & Spiritual abundance at the same time? Join us at the Truly Rich Club now! founded by Bo. Sanchez, its purpose is to "help good people become rich". Because of the guidance I get from the Club, I’m now investing in the Stock Market! I’m inviting you to join the Club too. If you’re interested, click the link here → Truly Rich Club.

"Ber" Months na!

               Ber Months na! We are now at the month of September it means now is the start of what we call it “Ber Months”. Mararamdaman na sa pilipinas ang unti-unting pag-lamig ng panahon lalo na sa umaga at sa bandang hapon. That is because the wind called northeast monsoon or “hanging Amihan” is starting to blowing cold wind in our country.  Also, when September comes it's a sign that Christmas is near and you will hear in a radio or television the famous Christmas countdown that makes everyone to be excited. You will see in Facebook Status Update ["ber" months na –feeling excited].....he he he

           We all know that when this holiday season comes, our budget & expenses will become double or triple at depende pa yan sa inyong life style. Some of us are planning and thinking were to spend the holiday season, what food to prepare, buying new clothes, appliances, gadgets and etc. We say that this is only once in a year, so you think feel free sa pag-gastos. On one side, yeah! It’s correct for me, there is no wrong to spend  in this coming holiday season. But in the other-hand, be sure that it is up to your budget only and up to your limit only, no need to have a credit after the holiday season. It's a painful and shameful situation if that happens because in the end your budget and your income will be out of your control. So, if you have a plan where to spend your holiday and you want to buy something either for you or for your love ones. From the beginning of this Ber months do something unusual, something that maybe for some of us never tried it before. Try to start saving & budgeting for the expenses you will use in the coming holiday season. Yes! You heard it right Saving & Budgeting. Dahil this month ang magandang pagkakataon upang umpisahan ang pag-iipon sa mga gastosin na ating magagamit in the coming holiday season. Nangsagayun hinde tayo mabibigla at magkaroon ng problema kung saan kukunin ang ating gagastosin, mas mabuti yung handa ka. Di ba? 

             Now, get a ball pen and notebook, write where you will plan to spend your Holiday, how much cost you will use for this including all the expenses for food, fare, clothes, gifts and any other things with the cost involved. Knowing the expenses, it will give you an idea on how and where you will get that budget. You can now start to save and budget your monthly salary to accommodate your plan for the holiday. It gives you an idea how much you will keep after you get your salary for the expenses you will use in the coming holiday season.  But of course the money you will save for these expenses is separate from the previous budget & saving you do before. The benefit of doing this, you will not worry for the expenses you will use when holiday seasons come and the other budget will not be sacrificed or affected.

I hope you get some tips on my blog about saving and budgeting and again Thank you for visiting my blog and see you in my next post. May god bless you!

Also Read:

Money Saving Issue for Pinoy!
How to Start a Savings?
Money Saving Tips
Saving Tips for Overseas Filipino Worker

P.S.1 Subscribe to my blog to receive my latest post directly to your email Inbox it's free>>Subscribe to My Personal thoughts About Life ..

P.S.2 Do you want to gain Financial wealth & Spiritual abundance at the same time? Join us at the Truly Rich Club now! founded by Bo. Sanchez, its purpose is to "help good people become rich". Because of the guidance I get from the Club, I’m now investing in the Stock Market! I’m inviting you to join the Club too. If you’re interested, click the link here → Truly Rich Club.

Inspiring Article from Bo.Sanchez (Face your Monsters)

Photo credit: blogabcmicrocamp.com.br

Hi! Have a blessed day to you my friend, today another inspiring story I would like to share it with you. The story is about how to face your fear that trap you in your own world. Most of us are afraid to take a chance instead they will say "mag-titiis na lang ako o kami ng ganito". Please be careful of using this kind of words because it will become an action, and will give fear to you that will result to a negative reaction to your mind. At dahil sa ganitong mga reasons some of us ay nagtitiyaga na lang kung anu man meron sila lumipas ang mga araw, buwan o taon still they are in the same situation as before. Katulad lang ito ng tumatakbo ka pero hinde ka nagbabago sayong posisyon. Anu nangyari sayo wala tapos napagod ka pa. My friend, it's time to change your thinking think outside the box imagine and feel the possibility that something great are awaiting for you outside. 

Please continue to read the story, an excerpt from Bo.Sanchez blog How to Climb your Mountains and Live with Great Abundance....  

            Once upon a time, a family of frogs lived in a broken-down well.

          They lived in isolation, content with their tiny puddle of water. Sometimes, it got murky and crowded, but no frog dared to leave home. Why? Whenever someone would dare leave, everyone would warn him, “There are monsters outside!”

          And so for many generations, these frogs were stuck in their little world.

          Until one day, a little frog had a dream—to live outside the well. In his mind, he saw a big pond of water. Lots of open space. The vision excited him so much.

He would tell his friends about his dream, but they would tell him: “We had a great-great-great grand uncle who went out and never returned! He must have been gobbled up by the monsters!”

But the little frog didn't see the monsters. 

He only saw his dream of a big pond.

Finally, he made up his mind. Without any warning, the little frog jumped as high as he could. He landed on top of the well. All his friends below shouted, “Come back! You’ll be eaten alive!” But the little frog hopped out.

And what he saw blew his mind. Almost right beside the well wasn't a big pond. Instead, it was a giant lake—a million times bigger than their tiny puddle.

          Friends, face your monsters.

          Many of us are trapped in our little worlds because of fear.

          God has bigger blessings in store for you outside your walls.

          How did the frog jump out of the well?   Before he saw the lake with his eyes, he already saw the lake within him. He felt it in his heart.

          "What you see with your heart, you will see with your eyes."

So that's it, each of us are given by god a wonderful blessing sometimes we need to feel it, appreciate it and cultivate it deep in our heart. Don't let your fear trap you in your own world. Don't be afraid to face your monsters and think that something great is awaiting for you outside your world. 

• "Fear is only in our mind if we confront it and discover how to conquer it, we will gain courage and trust to our self to face whatever challenges we encounter in our life."

I Hope you are inspired & motivated in this great story by Bo.Sanchez, to read the whole article click here.. 

Thank you for visiting my blog and see you in my next post. May god bless you!

Also Read

Plant In The Spring Or Beg In The Fall

Do You Want Success? Stop The Blame!

Money Saving Issue for Pinoy!
OFW Today's Modern Heroes

P.S.1 Subscribe to my blog to receive my latest post directly to your email Inbox it's free>>Subscribe to My Personal thoughts About Life ..

P.S.2 Do you want to gain Financial wealth & Spiritual abundance at the same time? Join us at the Truly Rich Club now! founded by Bo. Sanchez, its purpose is to "help good people become rich". Because of the guidance I get from the Club, I’m now investing in the Stock Market! I’m inviting you to join the Club too. If you’re interested, click the link here → Truly Rich Club.

The Two Ways to Invest in the Stock Market

Do you want to invest in the Stock Market? But you don't know How? Let me share with you the two ways on how you can invest in the stock market. There are two ways to do it either directly and indirectly. It is in your choice, kung saan ka mas comfortable at kung saan ka masaya he he he. Pero kung ako tatanungin mo I do it directly, because I want to do it by myself at matutonan na gawin ito. Also to satisfy my curiosity dahil bakit yun iba nagagawa nila so tayo magagawa din natin yun.  What are these two ways to invest in the stock market and how to do it are the common query for the beginners in the Stock Market. For some of the answer and explanation, I share with you an excerpt from Bo.Sanchez blog How To Be A Billionaire he explain the two ways of investing in the stock market. To know further about it continue to read...

Two Ways of Investing in the Stock Market or Equities

How do you invest in the Stock Market?

You can do it Directly and Indirectly

You can invest indirectly through a Mutual Fund Company. 

There are many great ones around. 

On average, you’ll earn 12% or more.

The key is to do this long term. That means for ten years or more, invest every month a small amount of money.

Or you can invest in the Stock Market directly.

If you put small amounts of money every month, buying stocks of great, solid companies (no penny stocks, please!), you can grow at 20% on average every year over the long-term.  Again, only if you do this for ten years or more. Disregard the lows, the crisis, the recessions. Just keep investing when others are panicking. Sow in time of famine!

Some people will tell me 20% is an unrealistic number.

Not true.  It’s really quite simple. In plain English, I teach people how to do it myTrulyRichClub. (More on this later.)

But the key is discipline.

You have to be consistent in investing every month your small amount of money. 

How small?

My house helpers invest in the Stock Market already.

That’s how small.

A True Story

       My three house helpers now partly own Ayala Land and Manila WaterCo. Because they invest in the Stock Market.

       How did they do it?

       They changed their mindset.

       They now have a goal: To retire with P5 Million in 20 years.

       And I taught them a very simple system.

       Each week, I meet my driver and my three helpers for prayer, sharing, and bible study.  In these meetings, I coach them spiritually and financially.

       For years, I noticed that nothing is left in their salaries. All their money goes to their families back home.

       So I taught them a very simple system that changed their lives. If they can do it, you can do it too.

I discussed this system fully in my Ebook, My Maids Invest In The Stock Market… And Why You Should Too! 

If you’re a TrulyRichClub member, you already received this.

Every month, I also send to my TrulyRichClub members a Stocks Update.Through it, I tell them what Stocks to buy, when to buy them, and when to sell them. To join, simply log on at www.TrulyRichClub.com now.

       Warning: There are many scams out there that lure ignorant people from their hard-earned money and run away. Please be careful. If you have any questions, I've provided email addresses below for you to email.

       Are you ready to change your financial life? 

Let me end by giving you step-by-step instructions on what to do next…

Instructions:

       Step 1: Invest 30% of your Income, Live on 70%

       Why 30%? 

       First, invest 10% in the Kingdom of God.  This is your investment for eternity.  Tithing is your greatest investment. You tithe to the spiritual family that nourishes your soul.

       Second, invest 20% into your Retirement Fund. For most, it’ll be in Mutual Funds or the Stock Market. For a few others, it’ll be in business and properties.

       And then live on 70% of your income. Simplify!

       Step 2: Invest First Before Spending

That’s why the Bible says to give Him the “first fruits”.

When your receive your salary, set aside your 30% right away. Don’t spend first and then invest what’s left. From experience, nothing will be left. 

Step 3: Choose Between Mutual Funds or Stock Market

       If you have fifty million or more, and if you’re sixty plus years old, I’ll point you to Bonds and even Banks to keep your money.

       But for the rest of us, choose between Mutual Funds or the Stock Market to invest your long-term savings. By long-term, I mean 10 years or more. Each month, you add. But you don’t subtract. Call it your Retirement Fund to brainwash your mind that you won’t touch it.

       What’s the difference between Mutual Funds and the Stock Market? In Mutual Funds, you pay a company to manage your funds. Like Philequity or Prudential Optima or ATR Kim Eng and Sunlife Financials or Philam Asset Management… For a small management fee, they take care of your investments. Many insurance companies also combine insurance products with investments, and you can look at those too.

       But if you invest in the Stock Market directly, you manage it yourself.  Obviously, you earn more if you learn to invest well.

       And yes, you can also do both.

       To avoid confusion (and to avoid scams), I've written down some resources for you to call or email below.

Mutual Fund Resources

If you like to invest in Mutual Funds, you can email my friends Lyndon Malanog and Fely Santiago. They’ll be happy to assist you. You can email Fely at fely.santiago@gmail.com or Lyndon at lyndonmalanog@yahoo.com now. They can also help you grow in your financial journey by giving you more opportunities to learn.

Stock Market Resources

       If you’re interested in investing in the Stock Market directly, you can log on at www.citiseconline.com and attend their seminars. Or call them up at Tel. 6333777. For more information, you can also email helpdesk@citiseconline.com.

       If you want my personal guidance on investing in Stocks, join my private group called TrulyRichClub.  Each month, I email you a Stocks Update, giving you in plain English (no financial jargon) how to grow your Stocks investments. I tell you what Stocks to buy, when to buy them, and when to sell. Our long-term goal is 20% growth or more every year. To join, log on atwww.TrulyRichClub.com now.

Do It Now

Last week, a 5-year old little girl came up to me and showed me her prayer card. She wrote, “I want to earn P1 Billion.”

If you showed that card to another Preacher, he would have patted the child on the head and say, “Be realistic. Aim for a lower number.”

Worse, another preacher would have said, “Little child, don’t dream of becoming rich. Stay poor and God will be pleased.”

You know what I told her? I told her, “Your dream will come true.”

I don’t only say that with faith.

Because today, I taught you how to express that faith through works.

Sometimes, people blame God for being poor.

Sometimes, they say that to be poor is their fate.

Some people even think God wants them to be poor to learn humility and total dependence on Him.

That’s all rubbish.

Because God has placed abundance in your finger tips.

God has given all that you need to prosper.

If you’re young, you can become a billionaire.

If you’re not so young, you can still become a multi-millionaire.

       Today is the day that your life can change.

       Make a decision that enough is enough.

       I repeat: Don’t wait for better times before you invest.

       The best time to invest is when your money is small.

       That 5-year old girl has to invest now.

       Grow your money.

       Start investing.

       May your dreams come true,

       Bo Sanchez

PS. Avoid Confusion. Get guidance. Join my TrulyRichClub. Every month, receive my WealthStrategies Newsletter, my PowerTalks, my Stocks Updateevery month. Immediately, you’ll also receive my Ebook, My Maid Invests In The Stock Market… And Why You Should Too! To join, log on at www.TrulyRichClub.com now!  

So that's it, hope you learn something here about investing in the stock market and give you an information on how to do it. You don't need to have thousand or million of pesos to start investing in the stock market, it is always better to start it slowly but regularly. Also, do it Now! Not later because in investing, time is our greatest ally. It doesn't matter the amount of money you have today or income you have. The key is how you manage or budget your monthly income. Friend, start learning how to Save & Invest for your future today!   

Thank you for visiting my blog and see you in my next post. May god bless you!

Also Read:

Where I Should Put my Investment?

Why We Should Invest?

Question & Answer About the Stock Market

How to Open & Fund your COL Financial Account

About Truly Rich Club

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