Financial education plays a very important role in planning and managing our finances. Everyone deserves to be educated. Learn the secret of saving and how to get out of debt even on a lower income.
NAHIHIRAPAN KA BANG MAG IPON DAHIL KULANG ANG SWELDO MO? DAHIL YAN SA KAKULANGAN MO SA PINANSYAL NA KAALAMAN. HINDI PA HULI ANG LAHAT KAPATID. MAARI MO PA ITONG MALAMAN SA MADALING PARAAN. PANOORIN AT UNAWAIN MO LANG ANG VIDEO NA NASA BABA.
Many good people fail. Many Hardworking, Smart, Young and Old people fail. Many Teachers, OFWs, Engineers, Doctors fail. Many people end up retiring without enough savings!.
People don't plan to fail. They simply fail to plan their personal finances.
They lack in financial education.
The four simple steps that make good people rich: 100-10-20-70 by Bo Sanchez. "earn as much as you can - so that you can give as much as you can."
"You have to earn 100 percent. You have to find ways to say for yourself, ‘I’m going to maximize how much I can earn, meaning utilizing all your gifts, all the gifts that God has given to you.
From your income, give 10 percent to Church or Charity. We may not of the same faith but the important is to give.“It’s the starting wheels of generosity. Generosity is opening your palm, because when you open your palm then you are ready to receive,”
From your income, you have to pay for yourself 20 percent and save it for investment through Healthcare, Life Insurance and Mutual Fund.
The remaining 70 percent should then be spent on a simple lifestyle.“Live on 70 percent of your income. Live simply. Make a decision and say, ‘I will not overspend,’”
Powerful planning tools to achieve our financial security
Just like in building a house, you need a solid financial foundation through health care, life insurance and investment.
The power of compound interest