I hope and pray that each person who attended the seminar learned a lot and WILL APPLY what they learned. More importantly, since we discussed about the power of compounding, the participants will share what they learned to their families, friends or to any person they care about...It is with this reason that I am sharing a few GOLDEN, USEFUL and POWERFUL ideas I learned from the event....I hope Randell and the organizers will not mind.....
1. "The 70/30 rule: If you want to have a COMFORTABLE life in the future, spend or consume only 70% of your income and save or invest the 30%".(c/o Randell)....of course, this assumes that your income is enough to cover your daily and monthly gastos...like rent, kuryente, tubig, pamasahe, pamalengke, tuition at baon ng mga bata, etc....siempre kung maiksi ang kumot, matutong mamaluktot....at kung kulang naman ang kita, kailangang matuto ring "rumaket" o "magsideline" para lumaki ang kita....
2. Taas nuo pa rin ako dahil ang Pinoy ay masipag at matiyaga saan man dako ng mundo magtrabaho....However, masakit pero mukhang tutuo nga ito....."Do you know that the savings rate of our Asian neighbors are very high (for example: Singaporeans save 50% of their income, HK 33%, Malaysia 37%)..(c/o Randell)...while the Philippines has a savings rate of 16% only....Siguro kung may piggy bank tayo, ganito ang itsura....=)
3. "Spend less than what you earn and do it for a looooooooooooong time then you will be financially independent.....c/o Jayson Lo.....Karamihan sa atin, we spend tomorrow's income today.....or we are not willing to change lifestyle when circumstances change...itong dalawang source or reason daw kaya tayo nababaon sa utang.....
4. Of course, the awesome Mr. Francis Kong was there too....I was touched on how he humbly mentioned what happened to his wife who suffered a minor stroke....di talaga natin alam when IT will hit us..so CHERISH YOUR LOVED ONES WHILE THEY ARE STILL AROUND.....he was as if talking straight to me when he said that "I should not let people keep phase with me...but rather I should slow down for the people who love me." Sometimes we expect too much especially from our family members....I'm pissed and lose my patience very quickly if people around me are SLOW to my DEMANDS....this should not be the case....I learned that I should be SENSITIVE to their needs too....
5. Lastly, I would like to share some bible readings I got from the seminar.."Whoever can be trusted with very little can be trusted with much, and whoever is dishonest with very little will also be dishonest with much" ...(Luke 16:10)......"All hard work brings a profit, but mere talk leads only to poverty..." (Proverbs 14:23).....so come on....Just do it!!!...
Hope this helps,
Ge
Gerald Cantor is a Registered Financial Planner graduate, a Certified Public Accountant and a Certified Internal Auditor. He is also a Financial Consultant of Pru Life UK. Ge is proud to be an ex-OFW, a "career-shifter", a "high-leaping" baller, a newby entrepreneur and most importantly, a "dedicated" dad of Gia (3yo) and Clarie (2yo).
Gerald Cantor is a Registered Financial Planner graduate, a Certified Public Accountant and a Certified Internal Auditor. He is also a Financial Consultant of Pru Life UK. Ge is proud to be an ex-OFW, a "career-shifter", a "high-leaping" baller, a newby entrepreneur and most importantly, a "dedicated" dad of Gia (3yo) and Clarie (2yo).
great write up. keep it comin sir!
ReplyDelete