22/03/2021
https://m.facebook.com/story.php?story_fbid=4183953368284220&id=588449311167995
Ano bang ibig sabihin ng "make your money work for you?"
Making your money work for you means taking control of your finances, then using that control to continuously improve your financial stability and security.
Marami sa atin ang gusto magbuild ng wealth, sa madaling salita, yumaman. Pero bakit sa dami nang sumubok konti lang ang nakaka-ahon? Simple lang. Hindi lahat sa atin
Kaya kung handa ka na para malaman kung ano ang mga sikreto para maging financially independent, read more...
1. Make a budget
You can use the 50-30-20 budget rule and start to manage your monthly spend so that you can turn it into a long, stable savings plan.
2. Get Out of Debt
Debt means your money isn't working for you, it's going towards paying that interest. It creates a financial burden and limits the choices that you can make.
Paying off debt, by contrast, allows you to take that money and redirect it toward the things that are important to you. You can put it toward other financial goals, such as saving for education, creating a retirement fund, traveling, or improving your living situation. You can start a business. You can begin investing it, allowing you to grow your wealth and create more financial stability and independence. Kung hirap ka magbayad ng utang, pwede mo simulan ito kasama ang Snowball Method ni Derek Ramsay.
3. Create Emergency Fund
Hindi madali maglikom ng emergency fund at minsan nagtetake ito ng time, pero worth it ito para lagi kang handa sa mga biglaang gastos.
4. Save and Invest Money
Once you have freed up all that extra money from paying off your debt, you can put your money to work through savings and investments. What you save for will depend on your age, lifestyle, and goals.
In addition to an emergency fund, you will also need retirement accounts. You should also consider whether you need:
Education savings, for yourself or your children
Travel savings
A down payment fund for a house
Savings to start a business
A car fund, for repairs or a new vehicle
Extracurricular fund for dependents
Long-term care savings, for yourself or dependents
5. Make more Income streams
Ayan, ready ka na magnegosyo. subukan mo ding gumawa ng marami pang income streams at passive income para solid!
So ayan, sabi nga ni Chris Brogan, The goal isn't more money, the goal is living life on your own terms.
Source: https://chrisbrogan.com
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