Archive for September, 2015

courtesy: google images

courtesy: google images

 

While curling up with a good book in this wet afternoon, I was jolted by the words of the author as it spoke to me. I realize that sometimes my “overthinking” and “overanalyzing” of things get in the way towards the fulfillment of my plans.

 

The words goes like, “Here’s the bottom line: You already know all that you need to
succeed. You don’t need to learn anything more. If all we needed
was more information, everyone with an Internet connection would
live in a mansion, have abs of steel, and be blissfully happy. New
or more information is not what you need—a new plan of action is.
It’s time to create new behaviors and habits that are oriented away
from sabotage and toward success. It’s that simple.”

 

As human beings, we are exposed to the herd mentality. Wherever the majority goes, we flock to follow. We do not lack information. Though we reason that we have limited and timely access to it but I am much convinced it is available at our own exploration. It is our procrastination and lack of action that hampers our development and sabotages our growth.

 

We always get busy, juggling one chore to the next but accomplish nothing. We consciously delay what we can do today. We slacken after winning small victory. And we easily get distracted by short term comfort of slumber rather than focusing our energy to what matters most. Nobody gets out of the rat race by doing nothing. A plan and your decision to execute your plan is what will help pay your bills, give you good grades, bring you promotion and build your dreams. As for me, I’d quit the overthinking and over analyzing and summon my creative juices to act in my favor.

 

We already learned much my friends, now let’s put that learning to action.

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courtesy: google images

courtesy: google images

Investment is generally purchased goods or items that will generate another product; or an asset (paper or physical) that can be sold at higher value in the future. This way your initial investment has grown by the time you need it.

The word investment sounds very appealing to almost everybody. In fact, a lot of people are lured by fly-by-night operators to avail of their investment schemes that happen to end up to be a pyramid or Ponzi scheme which will eventually eat investor’s money away. While many choose to have fund managers or get a mutual fund account in order to have someone manage their portfolio for them, there are also those who choose to do it on their own like trading and investing in stocks. However you plan to do it, it is imperative to know why you decide to invest.

So why invest?

Become Financially Independent

Becoming financially independent is everyone’s dream. This means to be self-reliant in your expenditures and financial decision. If you are a student, you are likely to depend from your parents in almost all of your expenses. Even working professionals do not necessarily have financial independence. Lack of financial planning leads them to depend on salary loans or petty debts whenever emergency comes. Building a passive income through investing is one way to become financially independent.

Achieve your dreams

Whether your dream is to own a car or to travel to Bangkok this summer you need money to make it happen. It is a big mistake to borrow money just to take a vacation. Knowing what you really really want will keep your enthusiasm to invest. Investing prepares you to finance your dreams in the future.

Make your money work for you

Basically your invested funds will grow in proportion depending on two variables: 1. Length of time you held your money in a particular investment instrument, 2. Interest rate by which your money grow. Choosing for an investment instrument has to conform to your investment profile. If you do not know your investment profile, talk to financial planner today.

Build wealth

As you put your money into an investment instrument and continue to put it there, the power of compounding interest kicks in. Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on. As your investment reaps the benefit of compounding interest, your wealth grows.

Prepare for retirement

There is nothing more important than preparing for your future. Many working parents today think of their children as their retirement plans. They are not. Your retirement in the future is your sole responsibility. Failing to prepare today while you still can will derail your planned grand retirement vacation. Investing early will help make your money grow, will keep your money work for you and will allow you to enjoy your later years without having to worry about your expenses.

Investing is a great way towards a better financial future. The sooner you begin, the better it can work for you. If you want to learn how to invest the right way, talk to your trusted financial planner today.

P.S.  If you need a financial plan for your investment and/ or coaching, please send me an email at fjaymoli@gmail.com. I will be more than willing to be your mentor and partner in your journey towards financial freedom.

P.S. 2.  Please join our facebook group Pagadian City Stocks Network