In order for us to achieve financial freedom or at least plan for our financial freedom, we need to look at how rich people save and spend their money. Obviously, we, the poor people, are missing something that’s why we are not rich or at the very least we have no inkling how to be rich. We all know how the poor people spend their money and their idea of saving because this is what we are used to. Poor…
A Happy New Year to you dear blog readers! I wanted to wrap up the year 2014 by giving you my most popular blogs. Skim over them again if you want to grab a quick motivating refresher, or read them for the first time if you missed any of them. Here’s the recap of 2014’s Top 10 Most Popular Blog Posts: Collecting Coins: A Pleasant Surprise The simplest way to save that even kids can do – the power of…
Savings Meaning: (Source: http://www.deposits.org/dictionary/term/savings/) In deposit terminology, the term Savings refers to money set aside for the purpose of future use. Savings generally represent only one part of an individual’s assets and, unlike investments, they usually have a minimal exposure to risk. Based on the 2012 Family Income and Expenditure Survey of NSO: The poor earns 69,000Php annual income and their expenses are 73,000Php. They don’t have savings and even incur 4,000Php debt. The rich earns 715,000Php annual income but…
This is a reposting. The original blog was posted last Mar 2013. A few days has passed since I attended the 2 days Wealth Summit plus bonus 1 day and I still feel I’m walking on Cloud Nine. It was worth going back to Manila to attend the seminar, to learn new things, to meet people with the same mindset and same dream of becoming financially free and truly rich to share our blessings with the less fortunate. I am…