Dated:June 28:2015
i had been thinking of investing in stock market ever since.However, i was always discouraged by the people i know. They would say, “you are just going to lose your money”.”it is evil””dont ever think about it”. I have never really come across to those people who can confidently say that buying stocks is good investment.
Luckily,i met a person who is as interested as i am. let us call her madam razem!:)She regularly attends the weekend programs of The feast in PICC. It is a catholic worship group which is related to Bro.Bo sanchez. Although, i have not attended any of their session.the books of Bo sanchez and other financial-related books found its way to reach the home of my friend. It is so amazing that i got to read them free and without due dates.
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As i have read,i have learned that most of my existing habits when it comes to money have the actual potential to make me rich.that is me being strict on my budget and by not being an emotional spender. It just depends on how i will continue to do it. Also, I attended the COL financial seminar,it is the EIP or easy investment program.it is free. It is not for me to talk about this because I am not the right person to do so.You can register to their free seminar in their website. I am moved that i immediately opened an account that will rightfully give me an access to the philippine stock market.
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This is the list of the books i found in their house.I suggest that you devote your time to invest in your financial literacy,if you want to be rich. These books might tap your inner self to push regarding the matter.i also think it is best for you to practice the applicable principles as soon as you read it. Good thing about the three books is that they are easy to read. i even remember myself reading it from north ave mrt station up to taft.
1.my maid invests in stock market
2.pera tools
3.ang perang hindi bitin ardy o. Roberto,jr
3.8 habits of a successful person
4.rich dad poor dad
5.midas touch
If you are asking me if i am rich now,well, i am going to tell you i am not.of course,my wallet and pocket did not bloat after reading the books but my mind has acknowledged that being rich is never impossible. You have to admit that you are also responsible with your own faith.
You do not need a high salary,big amount of money and to be born rich to get rich.It depends on how you handle your money. The Pursuit to acquiring wealth is not easy.there is always a risk with every investment and failure must always be expected.
The thing about being rich is not merely for the purpose of buying luxurious items and living an extravagant life. It is more of being able to extend yourself for others. Buying the things you want is more of a bonus to you.
If you do not know anything about stock market, let me share some of the things I have learned. This is how most people and books define stock market:
“Stock market is the place where you can invest in publicly-owned or pse listed companies.”
If you are going to say that you do not know how to play the stocks or You do not know when to buy or sell or you do not know how to read the graphs, well let me tell you that there are two types of people in the stock market. First are the traders or those who are knowledgeable about the market timing. They have the time and skills to monitor,analyze and predict fluctuation of the stocks. It is the nature of their work or their work are related to it. But,this involves great risk. This is what most people think about when they first hear stocks;thus creating the misconception that it is something difficult to manage. Little did the masses know that these people also invested their money and devoted their time to financial education to practically gain serious amount of knowledge regarding this matter. And honestly, I cannot do that too.
The second group of people includes me. These are the investors. They just co-own a company and buy shares. This is for the people who got no time to enhance skills and keen perception to find proper timing. This,however, requires consistency for long-term investment. It is only passive. You get money through price appreciation in the long run or through dividends given by the company you bought. Of course,buy a share of a strong company,a company that you think will last a lifetime. (Do your research)
Financial freedom can be gained through effort. It is your responsibility though if you want to raise your disposition in life as well as in stocks. You can start now.Your best asset is time. We always say that we do not have time. But time has been there all along we just have to realize that we need to prioritize or at least acknowledge its importance so you can take a step to initialize your actions.
Too many people think that it is the amount of salary that makes a person rich. But no, it is more of how you handle the money. We have to save for ourselves first.(according to our ninong robert kiyosaki. Better read rich dad poor dad now). We should not also let fortune to handle our lives nothing happens if we only wait. We have to move if we want something.(Reminder:When you invest,make sure you also have emergency money so you have something to use when needed instead of pulling out a share at low cost)
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Since i mention the word “Reading”, it is another important matter if you want to be wealthy. Educate yourself. Invest in your mind. It is all in your mind after all. That is why it is said that it is better to pay for such seminars because it has a biggest return. well, it is true and mind you there are groups with free seminars regarding financial literacy. Just take advantage of it.
Again, there are two kinds of people in the stock market. One who plays driving a car inside Timezone (investors) because you do not really need to learn how to steer the wheel or know which pedals should be stepped on as in “nakikiangkas ka lang kailangan mo Lang maghulog” and the one who drives manual car (traders) along commonwealth or expressway. You have to pay for the gas.You have to learn how to drive and even to know when the perfect timing is to change gears.
Just imagine if many filipinos do this.