Truly Rich Millennial

28/10/2019

02/09/2019

In personal finance, cash flow is all about income and spending. If you’re spending more than you earn, you’ll have a negative cash flow. How can you improve this? Earn more, spend less.

Again, sounds simple, but it’s not that easy to do. To help you out, here are a few ways you can improve your cash flow:

1. Make more money. The most straightforward way to have more money is, well, to make more money. So invest in your best asset — yourself! Read books, widen your knowledge, improve your skills to expand the range of income streams you can have. Having more marketable skills will increase your earning power and positively influence your cash flow.

2. Invest in learning. This is a part of investing in yourself. The more you know, the more ways you can find to make money. Whether that’s by improving yourself in your current company or learning ways you can start your own business or sidelines, learning is an investment that will never go to waste.

3. Be enterprising. I’ll admit that I don’t think entrepreneurship is for everyone. However, I still think that more Filipinos can go into entrepreneurship. But it’s important that you go into it armed with knowledge — among others, you should read about the business you want to get into, observe the market, make sure your business plan is solid, and have an exit plan. It would also help to start small, such as basic buy and sell or commission selling. If you prepare correctly, and with God’s grace, you could be one of them. A successful business or sideline will do wonders for your cash flow.

4. Spend less money. Making more money takes time and effort. It may take months for you to get that pay raise, or even longer for your business to start raking in profits. You know what takes less effort and has immediate effects? Spending less money! I’ve said it so many times that you might feel like I’m a broken record, but it’s still true — the way to wealth is spending less than what you earn and investing the difference. If you do this for the long term, you’re sure to meet your goals.

While it may take objectively less effort to spend less than to make more, it also feels a lot more painful. We Filipinos have a culture of spending. How many times have we promised ourselves that we’d be more diligent about spending, only to go out and make unnecessary purchases?

01/09/2019

Stock Market investing is very good for long termed objectives like retirement, education and others because of its high returns over a long period, well at least in theory.

01/09/2019

Start managing your finances properly as early as you can!

29/08/2019

27/08/2019

This is true, Millennials! We must prioritize of getting an insurance for ourselves and to our loved ones. We cannot avoid life's uncertainties. By the time we realize we need it, it is too late now.

Hey, you can send us a message so that we can help you achieve your financial goals! ;)

Amongst all financial instruments, life insurance is one of the most misunderstood and unappreciated until it’s too late which is the reason why insurance pe*******on remains to lag behind in the Philippines.

25/08/2019

To all Millennials: Creat a budget where you allocate a portion of your income on long term investments where it can grow over time. One fundamental elements on budgeting is to "delay gratification". Financial planning is very crucial at our early age.

Hey, you can send us a message for a FREE financial planning session so that we can help you achieve your financial goals! ;)

24/08/2019

Don't scrimp on kind words, the world is big enough to welcome a whole lot of positivity. :)

23/08/2019

These are the common money mistakes Filipinos should avoid!

Which of these money mistakes have you made? If you need help in planning for your future financial well-being, leave us a message and let's talk! :)