Why is it when someone talks about managing your own money, only a few are interested

[Metz]

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thanks for the info.
ah ok so mag save pa diay so ang sobra diha na sa mutual fund and other stuff.

yup, kay if nagsugod naka invest nya wa pay savings makuha ra gihapon nimo imo investment.

[AmorsoloX]

Id like to invest in this mutual funds but I need to save spare cash first before I put all my money in this.

ako advise is.. (agressive style)

*dont quit your job
1.) save atleast 6 months worth of expenses as emergency money.. (this is the hardest part, it gets easy after this)
2.) invest on small business partnerships (atleast 15-20% of capital) - any kind of business will do. this will start your passive income..
3.) save your earnings on a savings account.. (para anytime pwede magamit)
4.) build a business partnership with a majority of shares belonging to you... ( you dont need to be the one running it, just give the other guy sweat equity)
5.) repeat step 2..
6,) quit your job and start your own single proprietor business
7.) enjoy life!!!
8.) put small extra earnings on different growth funds/coops/mfs/time deposits

in 3 to 4 years, you could have generate around 600% to 1000% of your initial investments.. (conservative estimate)

kini nga steps are highly recommended sa mga singles and sa kadto wa pa plan magminyo.. lisud kaau ng naa nah ka dependents..

there are risks, but with due diligence, risks will be reduced to a minimum.. ALWAYS DO YOUR HOMEWORK

[makie]

Im a noob when it comes to finance and I have a noob question.
ask lang ko if asa mas maayo na bank. I have a paycheck atm and a regular savings ATM. Which bank should I put the money I guess sa regular savings since i heard paycheck atms doesnt have any interest.

Savings account is just good for emergency purposes, at least naa kay makuha every time you'll need some cold cash. Putting money in a savings account is just like putting it in your cabinet. The interest rate is very low (less than 1%) so basically your money is close to not growing at all.

So if you intend to invest and make your money grow, find something else other than a savings account. Diversify your money. Keep some in a savings account para naa kay makuha anytime and invest some. Mutual funds is a good starting ground because it doesn't entail much technicalities. You hand your money over to mutual fund companies and a professional fund manager will do the investing for you. Generally, mutual funds are giving a conservative return rate of 12% a year but they could do better than that.

Try to learn investing and stocks trading. It's much riskier but it could give much better results, the higher the risk, the higher the possible return.

Investments are intended for long term so if you invest now, pwede ra nimo balikon imong investment after 10 or 15 years.

Just put some effort in learning and practicing how the different investment tools work. Lisod2x gyud pagsugod but once you start to get the feel of it, mosayon ra na. Everything is interconnected sa financial industry, once you understand the basics, sayon na lang gyud na masabtan ang uban (stocks, real estate, insurance/protection). Even in starting a business, you also need to learn in order to succeed. Knowledge is the key.

[heavenscent84]

money is just a money, of a piece of a paper.

but why is it everybody making hindrances of doing things without it.
and i don't buy ideas they say "money is the root of evil"
well, sort of! but for me, it is all depend on how you manage, WISELY!!!...
and save for tomorrow... don't let it rule your life, let your life rule on it...

[husky1234]

This is very informative.

[Kenshiro]

ako advise is.. (agressive style)

*dont quit your job
1.) save atleast 6 months worth of expenses as emergency money.. (this is the hardest part, it gets easy after this)
2.) invest on small business partnerships (atleast 15-20% of capital) - any kind of business will do. this will start your passive income..
3.) save your earnings on a savings account.. (para anytime pwede magamit)
4.) build a business partnership with a majority of shares belonging to you... ( you dont need to be the one running it, just give the other guy sweat equity)
5.) repeat step 2..
6,) quit your job and start your own single proprietor business
7.) enjoy life!!!
8.) put small extra earnings on different growth funds/coops/mfs/time deposits

in 3 to 4 years, you could have generate around 600% to 1000% of your initial investments.. (conservative estimate)

kini nga steps are highly recommended sa mga singles and sa kadto wa pa plan magminyo.. lisud kaau ng naa nah ka dependents..

there are risks, but with due diligence, risks will be reduced to a minimum.. ALWAYS DO YOUR HOMEWORK

Murag dugay pajud ni mahitabo. hehe.

[c0mpumast3r]

Build your financial foundation the right way.
Be open-minded.
Invest in knowledge, not in material things.

Up for this.

[c0mpumast3r]

"Employees work hard so much so that they won't get fired, Employers pay them well so that they don't quit." - Xuan Nguyen

[AmorsoloX]

Murag dugay pajud ni mahitabo. hehe.

mas dali kung mkadaog ka og lotto or mangawat sa bangko.. hehe

i tell you. wa lami ng kwarta nga wala nimu gi hago-an.. mas ma appreciate nimu ang wealth kung ikaw mismo nag build..

3-4 years is a very short time..

[makie]

mas dali kung mkadaog ka og lotto or mangawat sa bangko.. hehe

i tell you. wa lami ng kwarta nga wala nimu gi hago-an.. mas ma appreciate nimu ang wealth kung ikaw mismo nag build..

3-4 years is a very short time..

Sakto kaayo. And if I may add, dali ra pud mawala ang kwarta nga wala nimo gihaguan.