Ingon ani ba dagan sa inyong kinabuhi financially???

[emb_ventures]

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ako wala koy utang.

O.T unsa diay imo business bro? aw sis diay...

[the Messenger]

Thumbs up for the TS. Very educational thread you have here. I agree with you. The script you quoted is what many people are following. I know many acquaintances and friends who are stuck in the same situation, and I don't want to be one of them.

Kaluoy pod tawon sige nalang ka-trap ang mga peeps in the cycle of poverty from one generation to another. History has a way of repeating itself. I do not know if our cultural mindset has much to do with it or our financial ignorance lang jud.

Hello istoryans! Naa koy ganahan i-share pero since dili ko sure kung asa jud ni cya angay i-butang, I decided I think mas mu-angay ni siya diri nga forum... If dili ni cya bagay diri, palihug lang ko mods ug butang kung asa jud ni cya angay kay nag-mugna2x pud ko diri kung asa jud ni cya mu-bagay. So, to start off the sharing, I'd like to introduce to you guys, THE SCRIPT OF LIFE... Please share kung mu-agree ba mo sa short story...

================================================== ============================

THE SCRIPT OF LIFE

If we track the life of average educated people, the FINANCIAL script often goes like this.

The child goes to school, graduates, finds a job
and soon has some money to spend.

The young adult now can afford to rent an apartment, buy a TV set,
new clothes, some furniture and of course a car.

And NOW the bills begin to come in.

One day, the adult meets someone special, sparks fly, they fall in love
and get married.

For a while, life is blissful because two can live cheaply as one.

They now have two incomes, only one rent to pay, and they can afford to set a few
pesos aside to buy the dream of all young couples, THEIR OWN HOME.

They find their dream home, pull the money from savings and use it for a down
payment on the house, and they have a mortgage.

Because they have a new house, they need new furnishings, so they find a
furniture store that advertises those magic words, "NO MONEY DOWN, EASY
INSTALLMENT PAYMENTS".

Life is wonderful, and they throw a party to have all their friends over to see their
new house, new car, new furniture and new toys.

They are now deeply in debt for the rest of their lives.

Then, the first child arrives.

The average, well educated, hard working couple, after dropping the child off at
nursery school, must now put their nose to the grindstone and go to work.

They become trapped by the need for job security simply because, on average,
they are less than three months away from financial bankruptcy.

From these people, you often hear "I can't afford to quit. I have bills to pay,"
or a modification from a song from Snow White and the Seven Dwarfs, "I owe,
I owe, so it's off to work I go."

================================================== ==============

I saw this script in one of our trainings, and it basically hits the hard truth. I wasn't able to get a copy of it, but I did see the same script in Wealth Channel, channel 28. (Thank you channel 28 for this! )Sa kadtong mga nakakita, hope it made an impact, sa mga wala nakakita pa ani, post your comments...

[miyay]

dili man necessary na wa na jud kay utang para mafinancially free. its the networth (assets minus liabilities) that counts. all well managed big businesses have debts. the difference between the tycoon and the average juan is that the tycoon borrows to finance his income generating assets to multiply his income while the average juan borrows to finance luxuries (unnecessary spending). also, the tycoon knows how to match his debts with the assets, borrow short term for working capital (inventories) and long term debts for capital assets (machineries, buildings).

[honey2723]

AMEN miyay!

Anyhow, haven't really read this thread for quite some time... but it's good to know that it still enlightens several people out there... Let's keep this thread going for the good of the financially illiterate yet... We all need this kind of kick in our financial ego... Hope it helps to open the eyes of the one's who are in denial out there..

[demonyito]

nice thread gyd ni..
daghan na igo ani..apil nko! hehe!
that is why I am looking to get out of this rat race and finding ways to educate myself.
financial literacy is the solution!
bro honey2723, ni pm diay ko nimo!

[jntio]

igo mnko ani

[cheeeryl]

@emb_ventures: naay gamay..pero kulangan pa ug stocks. tingale kung magpalit nami ug daghan stocks, diha nako maka utang. hehe.

[honey2723]

@demonyito

see you again on friday... nice chatting with you ganina... hope naa kay nakat-unan ganina.

[demonyito]

@honey2723

yep definitely naa gyd.. it was an eye opener gyd sa among financial status right now!
thanks!

[charot!]

naa bayad if magpa check up sa financial status? hehehe