After we discuss our business topic and how to manage it. We will now proceed to investment. I will give you a lot of option here. Investment is a way of earning without your present participation. When you say investment, it means that your money is working for you not the other way around, where you work for money as in employment. Isn't it nice to have money work for you even without your present participation? Rich people do that. They don't work for other people. They mind their own business. They enjoy playing tennis, golf and yachting; while the poor and middle class are sweating to earn some penny. In their restless expression, they would say " how much Mr. Doe is worth after he acquired Mr. so and so property" not salary raise. When you hear a man  talking about salary raise then you are talking to a guess of the day.

There are lot of vehicles about investment. It could be mutual fund, stock, treasury bills, treasury bond, time deposit, pension plan which are not tangible. The franchise and real estate are tangible and so with jewelries and antique and art collections. People are at ease when it comes to tangible maybe because you can touch them and feel pride of having them. These things increase their value as time goes by. But not always, it depend whether they are in the right place or position or right investment vehicle. Like my friend who is happy about tangible assets.
Investment are also categorize as short and long term. Pension plans, stocks and some personal properties are considered as long term while T-bills, time deposit, mutual fund and again stock are considered as short term investment. In investment, there is a risk also. That is why you have to be knowledgeable about them. By the way mastering one of them could make you rich already. No need to master all of them. As I said they are vehicles. As what we read in Forbes Magazine about billionaire ranking. It says there like Bill Gates number 1, business is Microsoft software, Oprah # ?, business is media, Warren Buffet # ?, business is stock market. Seldom you could see Mr. Doe #?, business-all kind of business. What you need is just to expand your business parallel to the market. I just read the book of Donald Trump and it says there that he is frugal not stingy. It boils down that all rich people are frugal and wise in handling money.

One way of getting rich is through selling which I would accept as tough. Don't you know that you are selling something even if you are not a salesperson? When you apply for a job, you sell yourself. When you barter your ideas, it is still selling. The best thing to do is to master the art of selling and you should know how to accept rejection. Need to learn more about selling? Read  books about it.

Lets define some terms here.

 Franchising is a business where you buy the name of the well known company and sale their product. The company might get a royalty from your sales. Also you have to pay a certain amount as bond to the company. A lot of this business are sprouting anywhere in the Philippines like fast food, services and etc. The advantage of this business is that it has a full support from the company and there is a training on how to run a business. Just be aware of the contract before signing. This business is good if you are an amateur.

Mutual Fund is like stock where there is a broker or third party when you invest on them. They will collect service fees from you when you buy. This investment is manage by investment professional who are good in Stock market. Mutual Fund is a collections of stocks roll into one. It is invested actually to a selected stocks to minimize risk of losing money. It is safer than the stock but doesn't earn much compare to it.

Stock is an investment where you buy a share to a certain company and become a co-owner of the company. So when the company gain you earn but when they lose, you lose your investment also. Here you must learn the company profile and product. Who are the people behind it, before investing.

Treasury Bills and Bond are securities provided by the government. They are safe but the earning are minimal, from 8% to 13% approximately. They are either long term or short term.

Savings Account is better than nothing at all. With 20% with holding tax. Time deposit is better than Savings Account but still the interest is small. Savings Account and Time Deposit  are only used to park your money for other purposes. Just be sure that your bank is stable and have been around for at less ten years. And also has insurance just in case it goes bankrupt.

Regarding real estate. I will give you some good advice. It is better to own a home than to rent.  Remember only landlord get rich. As long as you rent, you stay broke. Why? Because you don't earn while the owner has something for him at the end of each month. It can also be a source of pride having a home of your own. Remember before you buy, think whether it is an asset or liabilities. How will you know it? Is the house big enough for you to live? Is the maintenance small or big? Do you think this house appreciate its value in the long run? Rich people buy assets not liabilities.

Location, location, location is the important factor for the real estate. Visit the place if  the neighborhood is safe and peaceful. Is it accessable to the hospital, market, school and government offices? Is it free from flood? Do a scout there in any days and weekends.
By the way to make sure that you will not be trapped in paying your monthly amortization, be sure to have a source of income that will generate income. I have a case like this before about paying my SSS. What I did was to set-up a business that will generate income so I could pay my SSS every month without worry. I also make it automatic so that I will not have to do it manually every month for the rest of my life. What I did was to arrange it with the bank. No lapses and no extra work. Instead of doing it, I am able to do other important things.
Lastly be sure that your contract is clear like for example if you pay before the maturity period. Instead of waiting for 30 years to finish paying, what if you have money and pay it early. Will the company accept your money without penalty? Will they allow you to vary the mode of payment like for example instead of monthly you will pay biweekly. Because if you pay it by biweekly you will save a lot of money which are the result of interest compounded with the principal. If they allow it then go for it. Actually this scheme is not new to the bank who finance loans.

Regarding Debt. Here is my advice about debt specially credit card.  Avoid having multiple credit card. Cancel them except the old one with good credit standing. Just say no to new offer like free interest payment in first year or free transfer of  credit from one to another card.  Avoid promos from the mall. Just say no! If you have debts, stop digging. Best thing to do is not to carry your credit card always when going to the mall. You might be tempted to buy something which is not included in the plan. Before going to the mall, always list your items and follow it. Don't shop if you are hungry, it might make you buy out of control. If you have debt, first thing to do is to pay for it. Half of your saving should be used  to pay for debt. Remember your debt accumulate. Get rid of them first then start saving.

Right now, follow these advice and I am sure you will improve your financial status. No matter how many books and articles you read but you don't apply them, nothing will happen. Spread this website to your friends and relatives. Let's help one another. Let's educate our people about investment. It is not true that since we are not Chinese we are not good in business. We were just mindset by our parents that we should go to school, earn a degree and look for a job. We were not told to earn a degree and own a company or business. I understand our parents because that was how they were brought also by their parents. They are over protective to us. They want us to be secured.

Other thing to do is help other people. Entrepreneur defines as helping others while earning. That is my own definition. The more people you influence, the more you earn. Your income depends on the volume of your influence to the market. Being an entrepreneur helps also generate jobs to our poor and less fortunate people. Procrastination has lost a lot of opportunities to  many people because they think that they are optimistic but actually they live in the world that doesn't exist anymore. Yesterday was replaced by the fast pace change. You should live a day at a time. There is no short cut to success. The foundation must be strong enough to sustain what is exposed above the surface. Short-live gratitude should be avoided.

Summary

• Accumulate your earning to gain capital.

• Define your latte factor and stop it to generate more money.

• Don't borrow money if you will not use it to earn money.

• Don't buy anything just because you want it but because you need it.

• Look for promotion to increase your income

• Find a niche for business which you enjoy doing.

• Make all your payment like insurance, SSS, mortgages and other payment automatic.

• Set aside 10% of your monthly gross income and put it in SSS or pension plan as a  retirement money. This is the correct way. If you want to be rich enough at old age, make it 20%. This money should not be touched.

• Set a business where you consider it as a golden goose that will lay golden eggs in the future. Treat yourself as an employee in this business. Again don't touch any money on it. Reinvest the money.

• Think like a millionaire or choose one as a mentor. Don't resent or despise them.

• Treat every penny as an army for your future.

• Avoid the "rat race". Think many times before you do thing which are irreversible and out of your control.

• Avoid or shield yourself from negative people. Used them as an advantage.

• Manage your money well.

• Frugal is different from stingy.

• Stop procrastination.

• Make a blueprint of your life, short term, 5 years term and long term.Visualize yourself who you will be.

• Study accounting and investment.

• Differentiate assets from liabilities.

• Study about investment and other money generator.

• Apply the four basic factor to become rich: Income (active and passive), Investment, Saving and Simplification of living.

• Make your influence as wide as possible. The more people you influence the bigger is the financial opportunities.

• Control your destiny.

• Focus on your earning and evaluate it every three months, remember what you focus expand.

• Just say no to more that one credit card.

• Stop digging a hole if you have debts.

• Own a home instead of renting, remember only the landlord get rich.

• Donate money or goods to charity for gratification, money is nothing if you are not happy and fulfilled.

• Money can't buy happiness but it sure can buy food and can pay bills and can enhance happiness though.

• Money is not the root of all evils but the love of it.

• A person who say that money is not important is a broke.

• A person who say that "I am contented with what I have" is a liar.

• Mind your own business.

• Don't sweat the little stuff.

• Don't play it safe, play it smart.

• Treat yourself in the spa or any class restaurant once in a while. Eat or order food in a class restaurant once a month. If you can't afford, fake it with your friends.

• Always aim for a passive income generator.

• Associate and ask advice from people who have been there and still there. Don't ask from someone who never been to the top of  Mt. Everest about how to climb the top of it.

• Trust your instinct and trust god above all for he will guide you to the right path.

• Before buying a house or real estate, study it and find a source of income where it can sustain for the monthly amortization to avoid the trap of paying it in a long run.

• It is more important to be rich than to look rich.

• Diversify your assets. Don't put your eggs in one basket but to few good basket, not many.

• Don't be discouraged if you fail but learn from your mistake, success is a continuous journey as long as you breathe, you are not finished.

• It is not just the right time, the right place but you must be the right person.

• Success is the result of preparation meeting opportunities.

• Pay yourself first.

• Surpass your previous net income every year.

• Lastly, make your money work for you not the other way around.

Feeling Confident? Do all of these and I am sure you will be in the right path. Remember we are all children of God and we are meant to shine.

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