Mommy Bear

30/05/2017

Are you aware of these money practices? Read now so you know if you are actually sabotaging your finances:

1. Always paying yourself first -- Yet this might be familiar to you since this was the advice given by your financial advisor, this conventional thinking does not work all of the time. This works best only if you do not carry any huge consumer debt because chances are, the gains you receive from your deposit or investment is paltry compared to the interest the bank charges you. Being disciplined in saving is your cornerstone for financial success. You have been working hard and you deserve to be rewarded once somebody pays you for it.

2. You think enough is really enough -- Sadly, most of the time, enough is not really enough. Here is the tough question: Can your family subsist on P200 a day? P200 is less than half of the minimum wage in Metro Manila, and this is the interest income your family will receive when they put that in a time deposit earning a meager 4% a year. So, do not just settle for enough. Overshoot your target so that even if you come up short, at least you have “enough.”

3. You work harder than your money; and not the other way around -- All of us work hard to earn money. Some even have to work harder. And some of the richest men today work the hardest. That is why there is absolutely no reason why your money should slack off and take it easy. Your money should work twice as hard, or at the very least, work as hard as you do. We all wish we could turn back time, and rectify our mistakes. Things do not work that way though. We live with the memories of our blunders; but these mistakes, however painful, allow us to become savvier and better in managing our finances. If you are actively increasing your income by 10% to 20% a year, then your money should be earning the same or even greater than that. Anything less than that is unacceptable. In fact, it is considered lazy!

So, make money work harder than you. This is the key in attaining financial freedom.

.



🌞

17/05/2017

For young parents who have not yet started with Education Planning, here's something to think about..

When you don't plan your finances to send your children to good schools, you LESSEN his chances for his own survival in the world.

When he is unable to help himself, guess who he'll lean on to first?

You.

Yes, YOU.

In your old age, he will still be dependent on you, eating up your savings and retirement, when your energy is dwindling, while he is at his peak.

Does this sound familiar?

Will you be able to turn a blind eye?

Do not rob your children the chance to be great. Even when you start small, set aside a small amount so the financial burden of increasing tuitions do not have to be yours alone to bear. Investigate and engage legitimate, credible partners and you ensure both you and your children a Bright Future.

Have you checked how much Tuitions will cost when they get to college?

----------------------------------------------------
Give a man a fish, you feed him for a day.
Teach a man to fish, you feed him for a lifetime.



Credit to UM Cheska

04/04/2017

Unless you want to work until you die, learn to generate passive income - that is growing your money, making money work for you, even in your sleep.

27/03/2017

BILLS? yan yung kahit wala na tayo anjan pa din sila.

Meralco
Tubig
Etc.

May forever 😂

You will retire but your bills, never!

Photo credit to The Smart Peso

26/03/2017

Ways on how you can stretch your money!

When you stretch your money it's like having extra money, Here are tips from 8 money experts that can help you stretch your money further than you thought

26/03/2017

A must read tips by Warren Buffett.

15/03/2017

06/03/2017

Sing along to the official music theme song of Sun Life Financial, the first and longest standing life insurance company in the Philippines. Composed and sun...