2012 is gone and done. Some of you may have earned a million and many a thousand bucks from your salary and bonuses from the past year. It’s something that you should truly be proud of.
Your hardwork paid off. Hats off to you!
But I have one question: Where is your million (thousand) bucks now?
It’s January 12, 2o13 and I hope you already made up your mind (and wallet) on where to put that hard-earned ‘2012’ cash of yours.
I’m hoping that you’re putting it in a money-making vehicle that will somehow support your short-term goals or further augment your long-term program. And please, never ever follow the 10 crazy ideas I recommended to you on how to spend your bonus.
2013 is expected to be a great year ahead as envisioned by some of our country’s great financial and investment gurus like John Mangun, Randell Tiongson, Bo Sanchez, and the likes. There will be bumps and uneasy rides along the way but it’s going to be worth the time learning and committing one’s self to save and invest.
Spending vs. Investing
Inspite of the great news about the Philippine economy and the booming stock market, a bigger part of the population still view all these as an opportunity and time to be festive. And so goes the spending spree.
You should remember that when you SPEND your first fruits of labor on things that depreciate and don’t give much value, you are actually disregarding the hardwork that you’ve already put it and dedicated just to earn that precious money of yours.
When you SPEND, you lose your money right away. More than that, you may be creating more liabilities. Money left on your drawer or wallet just lose their value over time.
But if you SAVE and INVEST a significant portion of your hard-earned income, you are taking the risks to make your money grow. You are building your assets and advocating responsibility.
Grow your money first before you spend on things that you really want this year.
Be an investor now. Don’t be a loser.
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P.S. 1. Three years ago, I joined the TrulyRichClub. It was one of the best decisions of my life. Founded by Bo Sanchez, its purpose is to “help good people become rich”. Because of the guidance I get from the Club, I’m now investing in the Stock Market (and mutual funds, bonds, UITF’s) each month! It’s amazing how I’m personally growing in my finances. I’m inviting you to join the Club too. If you’re interested, then join the TrulyRichClub NOW! And email me at firstname.lastname@example.org if you have any questions.
P.S. 2. Learn How To Earn Through Larry Gamboa’s Real Estate System. Real Estate Mentor Larry Gamboa is giving a Seminar on February 9, 2013 on how he buys foreclosed properties or properties from “motivated sellers” and turn them around into rental properties or quick sales. If you’re interested to learn his system, click here now!
P.S. 3. Visit the Philippine Red Cross site to donate whatever amount you can for the victims of typhoons “Pablo” and “Quinta” in the Philippines.
Photo credit: StockMonkeys.com