Tag: procrastinating investing

Congratulations, You Wasted Money (And Making Excuses Again)

As promised, here’s the third outing of my “Congratulations” series to awaken our brethren and to bring them out of their senses. We do this to let them realize how they are losing money by spending beyond their means and how they are wasting opportunities to grow their little cash that they didn’t know what to do with in the first place.

The “Congratulations 1 and 2 were focused mainly on gadgets and expenses that should have been invested directly in stocks. If they only followed our recommendation to invest during the time they spent their hard-earned money (or borrowed maybe), they could have earned so much today they didn’t have to borrow money just to buy them.

Today, we will shift our gears in another investment vehicle called mutual funds. People who always had excuses that they don’t have time to time the market or to even check their portfolio at least once a month, investing indirectly in stocks via equity/stock funds of these mutual funds could be their last option to maximize their money’s growth. Vehicles with returns that will make them realize how they’re losing opportunities to become richer by procrastinating and spending on things that in reality they could not afford to buy. Continue reading Congratulations, You Wasted Money (And Making Excuses Again)

Congratulations, You Wasted A Year of Profits (Again!)

Due to consistent, insistent, and pressing public demand, I’m writing a sequel to my Congratulations piece I wrote a couple of months ago.

I am thinking of making this as a series of “Congratulations, You Waster!” rants of how some of my friends and relatives are warding off great earning opportunities and are angry at money they only wanted to spend on things that will make them feel they are better than the others. Even if they keep on complaining that their salaries are not enough.

For those who STILL don’t believe in the Power of Compounded Interest, let’s check how much you wasted when you purchased the following things from April 2012 to March 2013 July 2015.

(Note: If you got cash to buy whatever you want and will never lose money whatever you do and however which way you spend, then don’t get affected with this article.) Continue reading Congratulations, You Wasted A Year of Profits (Again!)

You Can’t Complain “I Don’t Have Money”

Too many times we hear our co-workers say, “wala na ‘kong pera eh” (I don’t have cash on hand anymore.). Ironically, you hear that line usually within five days after the last payday.

If you are one of them, it’s understandable if you are sending a kid or two to school. Or when a relative is sick back home and you need to regularly send a fixed amount on a monthly basis. That applies especially if you are working overseas or outside Metro Manila.

But if you are saying that line and you don’t have savings or investment, and you are holding on to a brand new iPhone or Galaxy tab, then you do not have the right to complain.

Continue reading You Can’t Complain “I Don’t Have Money”