Why is it when someone talks about managing your own money, only a few are interested

[lorenzoleo]

---

How to cure, heal your current problems:

1.) Health Problem = You need a Doctor
2.) Spiritual Problem = You need a priest
3.) Psychological Problem = You need a Psychiatrist
4.) Financial Problem = You need a Financial Adviser not a priest.

[AmorsoloX]

ang sakit sa tao is kanang pride.. tungod kay ma pride and tao, he.she would refuse to admit nga naa cya financial prob..

[wizard_jamex]

ang sakit sa tao is kanang pride.. tungod kay ma pride and tao, he.she would refuse to admit nga naa cya financial prob..

Mao. just like my friend...she doesn't want to be financial literate....ako nalang naluoy....LOL

[c0mpumast3r]

Hopefully karon 2011, part sa New Year's resolution sa mga tawo is about saving/investing. Up for my thread.

[makie]

Managing your own money is never easy.

1.) Managing your own money requires a lot of things to be learned. Many people are too lazy and seem too "busy" to learn. But why do we get busy? Most of the time, to earn an income. Apparently, because most people are so caught up with things that they "think" would bring them financial prosperity, they miss out some great things that could help them. Most of these people are driven by pride and ignorance. Seriously, I never believe that people are too "busy". If there is a will, there is a way.

2.) In order to win, you've got to lose some. Most people aren't willing to lose some amount and in the process, they are denying themselves to earn a lot. Statistics show that very successful entrepreneurs and people who are financially successful have experienced struggles and failures in life (financially that is). As a general rule, failure is an ingredient for success. Just ask Thomas Edison.

3.) Most people are stuck in the conventional knowledge that depositing in banks are the best ways to save. Worse, some people even think that by putting their money in the bank, they are already investing. How did this come to be? This is what people did decades back and unfortunately, it no longer works right now. Putting money in the bank isn't saving because money is losing it's value because of inflation. From grandparents, to parents, and down to their children, banks has been the landmark for savings and "investment" (seriously?). Times change and we have to cope up. What worked before might no longer work right now. Adaptability is the name of the game.

4.) Managing your own money could sometimes be a pain in the @$$. A lot of people aren't willing to give up their lifestyle and worse, some even think that money is for spending or have that "I can't bring my money after I die" mentality. Saving or spending is a habit and habit takes time to develop. The first part/adjusting part is the hard part and if you get to develop the habit of saving, spending will be controlled. But on the other hand, if you got the spending habit, saving will be an enormous task. Emotions could either make or break you, make it work on your side.

Dugangi ninyo sa inyong inputs. Merry Christmas to all and be financially well in 2011!

[Metz]

Managing your own money is never easy.

1.) Managing your own money requires a lot of things to be learned. Many people are too lazy and seem too "busy" to learn. But why do we get busy? Most of the time, to earn an income. Apparently, because most people are so caught up with things that they "think" would bring them financial prosperity, they miss out some great things that could help them. Most of these people are driven by pride and ignorance. Seriously, I never believe that people are too "busy". If there is a will, there is a way.

2.) In order to win, you've got to lose some. Most people aren't willing to lose some amount and in the process, they are denying themselves to earn a lot. Statistics show that very successful entrepreneurs and people who are financially successful have experienced struggles and failures in life (financially that is). As a general rule, failure is an ingredient for success. Just ask Thomas Edison.

3.) Most people are stuck in the conventional knowledge that depositing in banks are the best ways to save. Worse, some people even think that by putting their money in the bank, they are already investing. How did this come to be? This is what people did decades back and unfortunately, it no longer works right now. Putting money in the bank isn't saving because money is losing it's value because of inflation. From grandparents, to parents, and down to their children, banks has been the landmark for savings and "investment" (seriously?). Times change and we have to cope up. What worked before might no longer work right now. Adaptability is the name of the game.

4.) Managing your own money could sometimes be a pain in the @$$. A lot of people aren't willing to give up their lifestyle and worse, some even think that money is for spending or have that "I can't bring my money after I die" mentality. Saving or spending is a habit and habit takes time to develop. The first part/adjusting part is the hard part and if you get to develop the habit of saving, spending will be controlled. But on the other hand, if you got the spending habit, saving will be an enormous task. Emotions could either make or break you, make it work on your side.

Dugangi ninyo sa inyong inputs. Merry Christmas to all and be financially well in 2011!

naay "like" button? haha
+1 on this.

[Kenshiro]

Im a noob when it comes to finance and I have a noob question.
ask lang ko if asa mas maayo na bank. I have a paycheck atm and a regular savings ATM. Which bank should I put the money I guess sa regular savings since i heard paycheck atms doesnt have any interest.

[Kenshiro]

Id like to invest in this mutual funds but I need to save spare cash first before I put all my money in this.

[Metz]

Im a noob when it comes to finance and I have a noob question.
ask lang ko if asa mas maayo na bank. I have a paycheck atm and a regular savings ATM. Which bank should I put the money I guess sa regular savings since i heard paycheck atms doesnt have any interest.

Id like to invest in this mutual funds but I need to save spare cash first before I put all my money in this.

murag wala bai, unless mag time deposit ka. and for time deposits they will require a big amount for a 2% or more interest. emergency cash/business nalang jud purpose sa banks ron.

my suggestion is save 3 to 4 months worth of salary then anything else after that invest na ug mutual funds. but while ga save ka sa imo mutual funds, hinay hinay pud add sa imong savings account until mo abot na siya ug 6 months.

eg. 20% of your monthly income is 4k. so save ka until mo abot ug 60k to 80k imo savings. then open a mutual fund account, and save 2K on bank and 2K on MF every month until mo abot ug 100k to 120k imo bank account.

so you can proceed with 4k per month on mutual funds, or 2k on MF and 2k on another investment.
depende na nimo.

basta don't start investing unless solid na imo savings account. and if naa kay dependents, insure yourself first before any investment. kay pointless ang investment if mo move on ka ug sayo, way makuha imo dependents. barato ra kaayo ang term insurance, dont get whole life insurance.

[Kenshiro]

thanks for the info.
ah ok so mag save pa diay so ang sobra diha na sa mutual fund and other stuff.