Let me start by telling a story about an old man, who just retired from work few years back. The same story that may happen to you if you dont plan for the future.
One morning, he overheard his daughter talking to her brother over the phone." kuya, when are you taking daddy back to your home? You see, my husband and I were planning to buy a pair of shoes for our son but the money was used for dad's medicines instead.He has been with us for almost a year now...It's your turn now..When will you take him?
The poor old man felt the whole world crashed on him.Tears rolled down his cheeks.All of a sudden everything flashed back----when he was young, productive, earning a huge amount of money.Now he regrets not saving for his old age.He could have prepared for his retirement and not
sufferring from this fate today...
LESSON LEARNED
Growing old is inevitable.We cannot get away with it.We must prepare for it or we end up either in home for the aged or a burden to our own family or other people.The best time to prepare is NOW, while you are earning and productive.You only have 2 options: spend the rest of your life comfortably or in misery.
ADVANTAGES OF INVESTING YOUNG
I have decided to discuss just the basic investments that for me, are more important.
> If you invest in a house and lot at an early age like 25 ( my client is just 23 but he just did it), by the time you reach 40 years old, you shall have done paying the amortization.So that means sending your children to college will not be a burden no more.
> If you just started working and allocate a certain portion of your income (ideally 20%) every month CONSISTENTLY , put it in an investment vehicle like mutual fund for instance with an average of 10% interest per year, your money doubles in about 6-7 years.That is the power of compounding interest (Rule of 72 by Albert Einstein).Just imagine how comfortable your life is once you retire.Just enjoying the fruits of your labor.
> Getting an insurance at an early age is absolutely advantageous especially if you are the bread winner in the family.
Here are the reasons why everyone should have one:
> In the event that the head of the family or breadwinner dies, that family that was left behind will get the proceeds of his insurance . It can be used for kids education or to support the family while looking for another source of income.
> It serves as an income replacement once the person becomes paralyzed or becomes sickly
> Once the bread winner retires or loses his job, the company automatically terminates the health care and/or insurance benefit since it is only short term (while employed). So you can now make use of your insurance once you get sick or something happens.
In life there are only 2 possibilities: Either you die too soon or you liver too long.
In either way you MUST be prepared at all times. Investing early is a necessity---A preparation for asecured and comfortable lifesttyle ahead.
If you are planning to invest either in house and lot, mutual fund or insurance, Do it NOW..Do not procrastinate. It will all be worth it.
These people made a wise decision to invest in house and lot while they are young and productive. You must do the same!
If you are planning to invest in real estate either for your family or even for just pure investment, please contact me at:
09215572518 - smart
09331935796 - Sun
please visit my website at www.affordableandqualityhouses.weebly.com
Read my blog and get some tips on buying house and lot:
www.murangpabahayparasapinoy.blogspot.com
Like my fan page at https://www.facebook.com/pages/House-and-lot-must-be-affordable/588885067865981?ref_type=bookmark
PS
You can also ask me about investing in mutual fund and stock market and financial planning. I want more filipinos become educated about saving and investing.
God bless you all!!!
09215572518 - smart
09331935796 - Sun
please visit my website at www.affordableandqualityhouses.weebly.com
Read my blog and get some tips on buying house and lot:
www.murangpabahayparasapinoy.blogspot.com
Like my fan page at https://www.facebook.com/pages/House-and-lot-must-be-affordable/588885067865981?ref_type=bookmark
PS
You can also ask me about investing in mutual fund and stock market and financial planning. I want more filipinos become educated about saving and investing.
God bless you all!!!