Income does not equal wealth

Income does not equal wealth.  It's not how much you earn that makes you wealthy.  It's how much you invest from what you earn that makes you wealthy.  It's not the salary that we receive every payday or the business income that we have that keeps us rich.  It's the money that remains for investment and savings that makes us rich.  Which brings me to below comparison of the monthly salary and savings of Ms. Employee and Inday that raised a lot of eyebrows.

 It's not ok to borrow just because there is a facility available for us to borrow.  As an employee, I always hear this "Sayang if I won't borrow" statements of people who always renew their SSS loans just to ensure that nobody else will avail the loan for them.  Not thinking of the interest that they have to pay for the money that is not needed but borrowed.

 If you want to prosper, learn to multiply the little money that you have.  If you retire poor, it's not God's fault.  Again, this remains true to Filipinos' favorite saying, "Nasa Diyos ang awa, nasa tao ang gawa."


Anybody can invest - maids, drivers, security guards, entrepreneurs, models, rich, poor, old, young.  Wealth is a choice, neither a coincidence nor a gift.


If you can't get rid of helping other people - your relatives, your neighbors, your friends, or the entire barangay, allot an "Alms fund."  Once it runs out, tell the person asking for help that "Right now, I don't have money to help you.  But next month, perhaps I'll have some money again."  Learn to say "no" if needed and never compromise your own savings and your own future for somebody else's financial ignorance and mismanaged income.


A lot of things are complicated and so is the stock market.  Never allow these complications to hinder you.  If you keep doing it, sooner or later, it will not be complicated anymore.  Do not be afraid to make mistakes, even if you take risk or not, you are still bound to make mistakes after all.  The key is to study and to take calculated risks - submit yourself to continuous learning.  Get out of your comfort zone!


There are four kinds of people in the stock market: the typical trader, the trained trader, the typical investor, and the trained investor.  Follow the turtle's strategy, be the trained investor.  There is no shortcut to success, and also to wealth.  Practice the habit of investing on a regular basis - at good times and bad times.


 Beware of hot tips or penny stocks.  Beware of people who will tell you to buy certain stocks so that the price will go up.  It is still best to buy stocks from large corporations and big companies. 

HAPPY INVESTING !!!


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