TIPS For Personal Financial Health

-
  1. Develop a Personal Budget
  2. Save 20% of your Net Income
  3. Think, Talk & Plan in terms of your Net Income
  4. Round up your Checkbook e.g.if you spend P 950.00, record it as P 1,000.00 – overtime, this creates a nice cushion.
  5. Have only one Credit Card (Don’t use it carelessly).
  6. Decide to invest at least 20% of your Income.
  7. Give 10% of your Income to your Place of Worship.
  8. Avoid paying Interest, instead get paid (e.g. dividends, royalty, etc…)
  9. Read & Absorb books on Money Management and Investing
  10. Become knowledgeable about Investing: master Risk management & Risk / Reward balancing.
  11. Choose a competent accountant to work closely with you.
  12. Review your RESULTS monthly.

Comments

Post a Comment

Popular posts from this blog

Excuses of NOT having a LIFE Insurance

-
Image
This video tells about many excuses of  family man of not getting a Life Insurance. What's yours? In Personal Finance, having NO Life insurance is fatal. For your family, it could mean loosing all what you've built so far or it could be an end of your dream for your children or their dreams. Life Insurance is a miracle product - It can send your children to school when you are no longer able; it can feed your family when you can no longer provide; It can continue your dreams for your family even if you are  no longer around. It enables you continue supporting your family's need even if you're no longer with them. And the BEST of it - Life Insurance enables you to leave a Financial LEGACY for your family & children If you have doubts and questions, talk to a Life Insurance Advisor - for free.
Full article »

Immortalize your LOVE to your loved ones: Protect Your Income!

-
One of the most neglected Financial Virtue is “Income Protection”. Statistics shows that nearly 10% of the Filipinos or less are protecting their income for their families that could suffer loss in any case they should cease to earn an income due to disability or death. That’s why stories such as having ousted from their apartments, were not able to continue their studies, or being mistreated with their step-fathers, etc.. are very common among those who lost their loved ones that used to be the provider in their family. Every family man who does not take the initiative of having a policy to protect his/her potential income for his/her family, he/she is putting his/her family’s future in jeopardy. Anyone cannot chose when to die – that’s why preparedness is essential whether it is Financially, physically, or spiritually. Thus, having an Income Protection thru Insurance Policy is an act of Love and responsibility – It’s Time to get covered! With this, you can IMMORTALIZE your Love to...
Full article »