Step 4: Make Saving a Lifelong Habit
building wealth will be very hard if you don’t know how to save or you save only when you can; which doesn’t happen often. to achieve financial security, you should learn how to save regularly. don’t stop until you have accomplish all your objectives.
Step 3: FIND OUT WHERE YOU ARE AND WHAT YOU HAVE
learn about your present financial condition. being aware of your current situation will allow you to develop a better plan of action to accomplish your goals. there are things you need to know to determine your present financial position: your assets properties savings and investments your liabilities your net worth NET WORTH = TOTAL ASSETS-TOTAL LIABILITIES
Keys to Accomplish Your Goals!!
write it down slice into smaller pieces classify and prioritize visualize your dreams seek support and motivation monitor your progress and make revision if necessary believe you can action and determination
SPECIFIC GOALS when you dream about something, you imagine how exactly it’s going to look or how it’s going to happen. you are more likely to pursue goals that you can easily imagine or picture in your mind compared to those that are vague of fuzzy. so create goals that are specific, clear, and detailed because it will allow you to imagine it easily. if you have a clear idea of...
Step 2: KNOW WHAT YOU WANT AND DREAM BIG
” alamin ang iyong mga hangarin at mangarap ka nang mataas” the biggest advantage of setting your goals first before getting to know your present condition is that you are free to dream as you please and you can dream big.
"hopelessness (kawalan ng pag-asa)"
FILIPNO are naturally close-knit, people in a communityshare a strong bond with each other and often share the same sentiments and have the same attitude. growing up in a poor community seems to prevent, most people from taking steps to improve their financial condition. although they dream of a better life, they don’t have the desire to go for it.
"lack of self-confidence"
people prefer to stay where they are and do their usual thing even though it does not improve their situation. you often hear people say “ayokong yumaman, mahirap gawin yan, di ko kaya” marami ang umaayaw kahit di pa nasusubukan. believe in yourself; believe you can. if others could do it, so can you. you will never know if your life will be the next rags-to-riches success story u...
"bahala na attitude"
this an admirable trait but a very poor and risky attitude to use when trying to attain financial security. it means you don’t know what to do. you do not get rich by accident. building wealth requires detailed planning and consistently doing important tasks like setting aside a certain amount for savings every month and investing it wisely.
“tsaka na habit” we filipinos are well known for our tsaka na habit. it shows in a lot of things that we do or fail to do. ‘Kung magagawa at gawin di na magagawa kung ibigin.
Test of Spending!!!!
kayamopinoy: ask question on valuable tips to further reduce your expenses!!!! I can give you any tips you want so ask now……!!!!!!!
*Lack of Patience Pinoys have a short supply of patience when it comes to saving and growing money. Millions are into gambling hoping for that one big win! Libu-libo and matiyagang pumipila sa wil time big time at iba pang tv shows, nagbabakasakali na manalo ng jackpot. you do not build wealth through luck, it is a slow, deliberate process that requires regular and continuous saving and...
"Journey Towards Financial Freedom"
According to Mr. Tabanag to build wealth has steps. The steps are helpful and easy to understand. I will stress on simple ways on how to manage your money. I’m sure this will help you in planning and saving for the future, just like me. First Step: Understand and Overcome the Obstacles to build wealth. *Poor spending habit is one of the obstacles. Like me i have very poor...