Finance Talks PH

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"The best time to prepare for old age is today. Use the prime of your years to take care of the twilight of your years".

💯🙌

Here is how financial freedom looks to me

True wealth is invisible. Remember that!
-TGFI

Starting to invest in the stock market doesn't mean you have to invest a large amount right away.

With as little as P50/day, with discipline in investing, your investment could turn into millions.

Look at your expenses right now and you might find a regular expense that you can live without.

Regularly invest that amount and watch your investment grow!

Charity is great for emergencies. But when there are no emergencies, don't give them a fish, teach them how to fish. Teach them financial literacy. Teach them how to earn multiple income streams. Teach them how to invest. And chances are high that they will never go hungry again. - Bo Sanchez

Kung di ka nakapagcheckout sa 9.9,
ok lang yan may 10.10, 11.11 at 12.12 pa for sure.
Pero di tulad sa Shopee, sa stock market minsan lang magsale.
Pwede ka pang humabol.
No need to wait for 12 midnight.



Ps. Always diversify

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1/3 of millionaires NEVER made six figures in any single year of their career.

What you actually do with the money you make matters more than the amount of money you make. There are plenty of people making a LOT of money who live paycheck to paycheck.

It IS possible to become a millionaire, and you don't have to make a ton of money to do it.

Use a budget, live on less than you make, stay out of debt, and invest steadily. Work the 7 Baby Steps to get there. It's not a flashy, get-rich-quick plan. It's a plan that WORKS.

What is FIRE (Financial Independence, Retire Early)?

It just basically means saving up 25x times your annual expenses (income if you don’t have baseline), investing it where it gains at least 4-5% annually and drawing 4-5% afterwards giving you an unlimited pot of money as long as you live.

The goal is not “retiring early” but rather putting you in a position that employment is optional as soon as possible. This is the only real state of financial security and independence. This is usually achieved by saving and investing 50-70% of your income.

A rough calculation for someone who earns 50k a month:

Annual income is 600,000
600,000 x 25 = 15,000,000 of growing investments at least 4%
Draw down per year = 600,000/ year for life

There may be several reasons why you’d want to do this. Personally, I want to do things that matter to me such as joining NGOs, saving abused women and children, joining animal rescues, educating people, etc. I want to continue learning things I’m really passionate about such as travelling the world. However, I’m no martyr. My family’s future is much more important than all of these. The only way for me to achieve these is to pursue FIRE.

Anyone who wants to join the movement? Shoot me a message!