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Category Archives: Investments

A Week of Hiatus

I have not posted for almost a week now because I am actually preoccupied with my new business. I am still at the start up phase. Well, it is not really a phenomenal one but I am keen on doing it.

I believe in our company’s mission which is to educate people and to help them secure their retirement and family security.

I am fromPhilippineswhere we thought that the only option to have a better life is to work abroad while leaving behind our love ones. Unfortunately, most of us are not financially literate. We are always confused between assets and liabilities.

So what happens, we put our hard earned money into investments which we think are assets but actually liability in real sense. More so, our generosity to our families is endless.

Hence it is quite a common scenario that Filipinos who work abroad ends up with limited funds for their old age. The sad part, these limited funds usually end up in hospital bills and medication.

Anyway, I will post more about my business at the later stage. It is for those who are keen on the following:-

  • Education about personal finance
  • Wants to increase their cash flow or have an extra income
  • Learn about better investment options
  • Keen to secure their finances for their future
 

Thoughts About Retirement and Investments

I never had a serious thought about retirement until I spent three months maternity leave back home. My Mum just retired last year from her teaching job for more than 30 years. Though a bit fearful of the fact that she is no longer receiving monthly salary, the thought of her monthly pension somehow pacifies her but she will not receive it until five years from now.

It made me think.. really..  My Mum is lucky that she has a secured pension from her teaching job. What about me? If I will decide to go home to the Philippines, I will be jobless because I am considered already over age for any available jobs back home.

Therefore, I will rely only on my savings and hopefully investments to support me and my family. It is quite a scary thought, right? Savings I think no matter how big the amount  will eventually diminish in the long run if you do not have any other source of income.

Investments on the other hand can be risky especially if you opt for business. The return of investment is not 101% guaranteed.

Because of this realization, I started to explore the opportunities of securing our retirement and establishing potential source of income once my hubby and I decided to go home for good in the Philippines. I am quite cautious in any form of investments because it is our hard earned money. At the same time, I want to have saving options with higher yield.

So far, I am paying faithfully my Social Security System (SSS) monthly contributions. I really do not know how much to expect from it but it is better than nothing, right?

Also, my brother and I found very helpful information in Bo. Sachez’s The Truly Rich Club. We have been members for sometime now and it is really enlightening. We are not that financially literate but with the guidance and help of Bo. Sanchez, we started to invest in stock market. If you are a beginner in investments, then this is a good way to start actually.  If you want to know more about the Truly Rich Club, click it here.

You will get also a copy of his ebook called “My Maid Invests In The Stock Market… And Why You Should Too”.
 
 

Investing in Stocks..

Earlier this year I started to invest small amount in Philippine stocks because I was inspired by the Truly Rich Club of Bo. Sanchez. I want to give it a try.

By the way, I want to stress. I am not trading stocks. I am investing only which I intend to leave it for certain period of time. Honestly, I am not an expert in stocks investments but I am following the guide of Bo. Sanchez.

So far, it is too early to judge because I just started. Also, my investments are still very minimal though I wanted to increase it at the later stage when my personal financial health is in better condition. Also, I am serious in pursuing this investment while I am still a working expat because I can still afford to spare small amount for investments.

Once I am back for good in Philippines, I know that it will be a difficult task then.

I am really optimistic that this type of investment vehicle will be financially rewarding as long as I have the discipline to invest regularly.

You can click here to learn more about the Truly Rich Club.

 
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Posted by on September 1, 2011 in Family, Finances, Investments

 

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