How old are you? And how much is your savings na?

[cebu.opportunities]

Reposting from Warren Buffet:

Focus on Saving, Not Getting Rich Quick
- “Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.”

--> sa saving nga part, na habit na since bata pa pero diri jud ko yabo sa "Getting Rich Quick" ~~ Gambler kayo og moves, lol.
so far, naka learn na gamay and daghan pa kayo dapat i-learn. hinay2x lng ta, hehe.

When Stock Prices Drop, Buy — Don’t Sell
-“I like buying it as it goes down, and the more it goes down, the more I like to buy. … If you told me that the market was going to go down 500 points next week, I would have bought those same businesses and stocks yesterday. I don’t know how to tell what the market’s going to do. I do know how to pick out reasonable businesses to own over a long period of time.”

- lisod man jud i-predict and emotions jud number 1 prob in trading.

Stop Pretending to Be an Expert
-“If you don’t invest in things you know, you’re just gambling,” Buffett told CNBC earlier this year. It’s advice he’s rarely strayed from, and the reason why tech, gold and airlines will never get his money (or, in the case of airlines, get his money again). As he wrote in his 2014 shareholders letter:
“You don’t need to be an expert in order to achieve satisfactory investment returns. But if you aren’t, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don’t swing for the fences. When promised quick profits, respond with a quick ‘no.'”

- so true.
pero nindot gihapon mo suway firsthand and be a gambler, haha... kana lang you can afford to lose. then, medyo related sad sa post ni sir dhemps nga you don't have to "master" everything and be a "jack of all trades". if di ang main focus, better if medium to long term. bahala na ang fluctuations... in most cases, mas profitable pa.

================================================== ====
related sad ni siya sa savings or management of finances...

hope ny maka-share on how you allocate your net income.
let's say,

expenses are:
debts: credit card, loan (may it be investment ra gihapon)
utility bills (electricity, water, internet, phone and cellphone), groceries & tithes
savings/investments (savings, emergency fund, uitf/mf/stocks/etc)
protection (health, life, non-life insurance, memorial plan and wealth protection)
leisure (shopping and travel)

lisod if limited ra ang funds. unsa kaha sakto2x lang nga pag divide or ang leisure man ang under sa wants, pila ra ka percentage from the net income pra ani?

OnT:
Savings: insignificant ra ang change since ny gi-add lain "regular" liability/financial obligation pero kailangan before it's too late.

[racing]

Basta walay baby, maka save jud ka lol.

[nodols3]

Basta walay baby, maka save jud ka lol.

Naa man ko baby sir, makasave man gihapon ko.

I think it's all about making it a habit. Imagine, every payday, making a habit of saving 500 pesos. In 1 year you will only get 6,000 pesos. Fast forward 20 years. You already have 120,000. That is not much but that only goes to show you can get to that amount even with savings alone.

Another question now is kinsa man karon ang naa ani nga amount nga gikan sa ilang ginagmay lang nga savings alone. walay invest2x.

[oAizeNo]

Im also a nurse with 6yrs experience then ng try ko ug BPO for 6 months. At first nka ingon jd ko nga ngano wala mn ko ng BPO before like ng 2yrs experience lng unta ko pgka nurse then BPO na ang 4yrs dako2 na unta ko ug na tigom. Mka tintal jd ang sweldo sa BPO ky 3x jd sa nurse. Pero in the end mka ingon ko nga sulit rjd kaayo ang pag agwanta s nurse nga sweldo for 6yrs since nka larga nko dri states. Gamit sd kaayo ang number of years nga experience nimo s pinas ky ig apply nimo dri mg depende imo hourly rate s number of years. Agwanta lng jd sa duty s hospital and in the end ma bawi rjd na tanan. Krn kaya na like 15day salary s BPO mkuha njd ug 12hrs as a nurse here.

[NNNN]

Share lang nako:

Kung Android inyo phone, naay nindot nga money manager app para ma-minimize ang sobra nga pag-gasto.

Go to Google Play Store.
Search "Budget Tracker Treasure".
Kanang naay dollar nga sign mao na i-install.

Gamit kaayo.

[medwarc]

reposted (from Pera mo palaguin mo book - By Francisco Colayco)

YOU HAVE TO START NOW!

Most people I talk to about saving for their retirement believe they can still catch up any time. They don't realize it will be very hard to achieve a comfortable retirement if they have spent most of their money in one-time purchases. Most people in their 20's would save for a car or a house, or for their children's education, debut or wedding and only when they reach their forties and fifties do they allot their money for their retirement.

It is not that easy to start saving when you are already in your 40's and 50's. You will only have about 10 to 20 more years to catch up, and because of this, you may have to save 40-50% of your monthly income. To make it worse, you would be used to a certain lifestyle which would be very hard to change.

Imagine yourself cutting your monthly salary by 40-50% when you are already nearing your retirement just to catch up on your savings. If your are not used to doing this, it will be a big shock! It may even get worse if you retire and find out that whatever you have saved is not enough to maintain the lifestyle you are used to.

[SmoKoY]

I have a bit of savings already in the 7 figures. I have also invested a good number of pre-need insurance from pru life uk for me, my wife and 2 kids. i'm saving a few more for me to afford to buy me and my family a new house and lot. It's also a good thing that the company I work for has stock options for employees that I also invested on.

I have wisened up from when I was younger. I set aside money for bills and a good percentage for savings. I spend what's left after setting aside for bills and savings. Just don't mind how much you've already saved. You'll be surprised at how much you have actually already saved.

[medwarc]

Reposted...

Jack Ma once said, 'When Selling to close friends and family, no matter how much you're selling to them, they will always feel you're earning their money, no matter how cheap you sell to them, they still wouldn't appreciate it.'

There will always be people who do not care about your Costs, Time, Effort, they rather let other people cheat them, allowing others to earn, then supporting someone they know. Cause in their heart, they will always be thinking, 'How much did he earn from me?' instead of "How much did he SAVE/MAKE for me?"

This is a classic example of a poor person's mentality!

How did the rich people become rich? One of the main reason is because they are willing to SUPPORT their associates business, taking care of one another's interests thus naturally they get back more.

Your Friends will in turn support you, thus the circle of wealth continues to grow and grow!

Simple Logic, you will start to get rich once you understand it.

Jack Ma on Sales: 'When doing Sales, the first people who will trust you will be Strangers, Friends will be shielding against you, fair-weather friends will distance from you. Family will look down upon you.'

The day you finally succeed, paying the bill for every get-together dinner, entertainment, you will realised: Everyone else is present except the Strangers.

Do you get the meaning of this?

We need to treat our dear Strangers better! And even more so to Friends who know what you are doing and yet still SUPPORT you!

Let us treat STRANGERS who buys from us better from today. They are your BEST customers!

[MrTuthaus]

because of this thread nakatigum kog ahat "suya2x bah" which is nice!

[ashley85]

guys naa lang ko question, need ba gyud ang insurance?
kamo dri mga dagko na ug savings, did u guys invested in health or life insurance? did u already have a memorial plan, in case of emergency?

coz ive read posts about their savings, just want to ask if nag invest na ba sad mo ani aside from traditional businesses ninyo and paper assets.

thanks.