Financial literacy 101

Ang Pera ay di masama sa Palad ng Mabubuting tao.Di mo man madala sa langit maibibigay mo naman para sa kinabukasan ng pamilya mo at sa mga nangangailangan.

Totally agree!

Delayed Gratification is one of the secret weapon of millionares

Being born poor is not a sin. Staying poor is.

3 sources of a Life Long Income
1. Stable Earned Income- job
2. Multiple Source of Income-ex. side hustle/small business
3. Passive income- ex.rental apartment

Having multiple source of income can save us from financial setbacks.
Dont just settle for one source of income.

Those who love pleasure become poor; those who love wine and luxury will never be rich.- Proverbs 21:17

Don't be fooled with get rich quick scheme.. Every wealth was made overtime..

Send grains across the seas and in time profits will flow back to you. But divide your investments among many places for you do not know what risks might lie ahead.- Ecclesiastes 11:1-2

What Separates the Rich from the Poor? (And How the Rich Invest Their Time Instead) Learn Rich Dad’s lesson on how the poor, or those without a financial education, work for money while the rich make money work for them.

Have you read Rich Dad, Poor Dad? Robert Kiyosaki gives some amazing insights in this book, along with a lot of key advice on wealth building. What are your thoughts on these lessons? Your favorite?

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When you save or invest money, label it like savings for emergency funds, dream house, car, project, retirement etc.so you wont be tempted to spend it because there's a purpose for it.

Track your spending every month so you know where your money goes.Then make a budget. Allocate money on spending, giving and saving.

True..

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Avoid the rat race cycle.. Live below your means..save and invest so you can retire early..

KUNG MARAMI LANG SANA AKONG PERA. Narinig mo na ba to?

Iniisip natin na things could be better if marami tayong pera. Totoo naman. It will be better, for a while. Magagaya nga lang tayo sa mga nanalo sa lotto, naging milyonaryo just for a while.

If we can be trusted with little, pwede na tayong pagkatiwalaan ng malaking pera. Focus on discipline first para di ka lang happy just for a while👌
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Save and invest so you don't have to work till you die..

True

Live below your means so you can save and invest.Try not to rely on one source of income.Get 2 or 3 sources so in case you lose one u still have other source of income.

Don't try to keep up with the Joneses.They are broke..

Rich people plan for three generations. Poor people plan for Saturday night.- Gloria Steinem

Don't buy things you don't need just because it's on sale..and don't buy the latest gadget and the branded clothings if its out of your budget or you get the money from your emergency fund..Remember its only for emergency use.

Income-savings= Expenses..Its not income - expenses= savings..Prioritize savings more than anything else..Save atleast 10-20 percent of your income for emergency funds.- Rule of thumb atleast 6 months of monthly expenses save on emergency fund.But now with Pandemic they say 1-2 yrs.of monthly expense save on emergency fund due to negative economic effect- loss of job, sickness etc.

Learning the in and outs of properly managing your finances and how to invest in this changing world..