26/06/2017
5 EXCUSES THAT KEEP US FROM BEING RICH.
1. "I don't have enough money." ~ "Di ko priority yan."
The Abundance Formula:
Income (100%) - Tithes (10%) - Savings (20%) = Expenses (70%).
Practice living within your 70%. Be deliberate and make it a point to set aside your 10% and 20% for your eternal and earthly investments respectively. This formula is actually one of the biggest secrets of the truly rich. They make sure to always spend less than what they earn and save as much as they can.
Kaya mo naman! It's just a matter of prioritization.
2. "I don't need to invest." ~ "Okay na ako sa 15th at 30th.."
Question: May balak ka bang mag retiro sa trabaho mo?
Kung isa kang empleyado hindi ka habang buhay may sweldo. Walang forever ang 15th and 30th mo.
Here's another fact, did you know that only 2% of retired population are financially independent while the rest are either nakaasa sa anak, pipilitin paring mag trabaho, or worst they will be left in the home for the abandoned elderly. Why? Because they were unable to secure their financial futures.
3. "It's too risky for me." ~ "Sa banko nalang or sa vault."
Question: How much does your money earn in the bank? What is the interest rate of your savings account? Is it higher than inflation?
Let me shake you up a little, if you are not beating inflation, which is at an average rate of 4-5%, then I'm sorry my friend but you're actually just allowing your money to lose its value.
4. "I'm too young for that." ~ "Madami pa akong time!"
Here's the reality which you might be forgetting or taking for granted – as you age you don’t get any more time. None of us will ever do. Kapag lumipas na, lumipas na. As a matter of fact, the older you get, the more responsibilities and obligations seem to pile up. You will eventually need to pay for your own bills, buy a house, get married, and then have kids, the next thing you know is that your list of responsibilities is endless. Unless you plan on waiting until you are retired from your job, or you're able to let all your kids finish schooling before you start investing, you are never going to have “more time”. Quit saying “Bata pa ako.” as an excuse not to invest. You can’t afford to wait! Maximize your time and energy. Make the most out of your productive years.
5. "I don't know anything about investing." ~ "Nakakatamad aralin."
Question: Kailan mo balak matuto? May balak ka ba talaga matuto?
The earlier that you start learning about investing the better ~ you will be able to save yourself from many money mistakes and headaches, and more importantly you will be able to acquire more ~ more knowledge and more assets as well.
Let me end with this quote..
"Do something TODAY that your FUTURE SELF will thank you for."
Mag-aral. Magtanong. Matuto.
Magsimula. PM me