Truly Rich Circle

How to become a young entrepreneur:
Tips To Help You Become A Young Entrepreneur

1. Identify a gap in the market

2. Know your audience

3. Never underestimate the power of a solid business plan

4. Road-test your idea

5. Embrace feedback and learn from your mistakes

6.Build a strong network

7. Have your finances in good order




Reference: https://www.topuniversities.com/student-info/careers-advice/8-tips-help-you-become-young-entrepreneur

How to transform yourself before thinking about money : tips to have a financial confidence.

Self-efficacy
-whether people believe they can make effective financial decisions

Self-assurance
- whether people believe in themselves, to act and follow through on those decisions

Self-determination
- whether people have the intention and willpower to take control of their finances

Let's give thanks to our modern day heroes!
Their sacrifices and efforts should be recognized.

Remember ,you will not work for the rest of your life.
The right time to invest for the future is today.

Be someone who knows where his money going.
Don't live for money, make money works for you.

1. Zero-based budget
Tracking consistent income and expenses

2. Pay-yourself-first budget
Prioritizing savings and debt repayment

3. Envelope system budget
Making your spending more disciplined

4. 50/30/20 budget
Categorizing “needs” over “wants”

5. The ‘no’ budget
Lowering and avoiding debt

Reference: https://studentloanhero.com/featured/simple-budgeting-methods-for-financial-health/

Don't waste your time on useless thing.
Be creative and focus on improvement.

Don't hesitate now, the right time to invest is today!

It's so hard to be apart from the family. Working outside diligently to provide food on the table.

Are you willing to work until you reach your retirement age?

Have a financial freedom and enjoy the fruit of your hardwork together with the family!

Are you having a hard time saving your money?

No need to worry , we will back you up and teach you how to achieve the financial freedom that you want.

Miss mo na ba ang Pinas at ‘yong pamilya? Sana all katulad ng sahod na nakakauwi sa Pinas buwan-buwan!

Kaya’t wag nating kalimutan ang ating layunin bilang isang OFW na makapag-ipon at makauwi nang tuluyan sa ating mga pamilya. Makakamtan mo lang ito kung may alam ka sa “financial literacy.”

Tara, turuan kita! PM lang ang katapat.

OFWs and Insurance

As an OFW, did you promise to go overseas to save for a time and then return to the Philippines to invest? What happened?

Let’s not forget that it is essential to take care of our hard-earned money. To prevent this from happening, be aware of Investment-linked insurance.

Are OFWs worthy of being called heroes?

YES, THEY ARE!

Hey! I listed the benefits of financial literacy for you below. Make sure to maximize them to your advantage.

To know by yourself the other benefits of financial literacy, we are here to make you experience it! PM is the key!

STOCK MARKET BASICS: How the stock market works

In a nutshell, stock markets provide a secure and regulated atmosphere where market participants can confidently transact in shares and other eligible financial instruments with zero to low operational risk. Operating under the defined rules stated by the regulator, the stock markets act as primary and secondary markets.

STOCK MARKET BASICS: What is the stock market?

A financially-literate person invests in the stock market (Lusardi, 2019). Do you want to be this person and know more about the stock market? Stay tuned to our future posts to learn more!

The Third Step to Financial Freedom: INVEST 💸

Making smart financial decisions now will help you in the future. Inflation-beating gains are possible while also increasing your net worth. Compound interest works for your benefit as well.

Aside from the written way in wise investment below, we can help you know more about investments 😃Just message us!

A series: Three Steps to Financial Freedom 🤩

Having the ability to live comfortably is a goal shared by many. Here are three basic measures that you can follow to begin your path to financial freedom - plan, save, and invest.

We will discuss each step in separate posts, so watch out! 👀

Source: Development Bank of the Philippines. (2011). “Financial literacy for OFWs.”