ElizRealty

09/12/2024

30/09/2024

SOME LESSONS ON FINANCES 💯

1. Must have EMERGENCY FUND - enough for 6 months of expenses/current lifestyle.

2. SAVE MONEY and MONEY WILL SAVE YOU. Don't save what is left after spending. Only spend what is left after saving.

3. Best to have ZERO DEBT, if you can't pay cash, you CAN'T AFFORD it, nothing beats PEACE OF MIND.

4. Avoid unnecessary spendings, forget sale price, everything is 100% off when you don't buy it. Don't waste your money on things that you don't need, even if they are cheap. EVERY PESO COUNTS!

5. Learn to BUDGET - it is telling your money where to go instead of wondering where it went!

6. If we buy things that we don't need, we will have to SELL THINGS THAT WE NEED.

7. PRETENDING TO BE RICH can make us poor. Must learn to live BELOW MEANS. Don't go broke trying to look rich.

ACT YOUR WAGE.

8. MONEY IS NOT EVERYTHING, but we cannot deny the fact that we NEED money for our FAMILY.

9. Always have a BACK-UP PLAN for life's uncertainties.

Start having your personal LIFE INSURANCE with INVESTMENT.

10. Let's break the TOXIC FAMILY CULTURE about
FINANCES. Your children is not your retirement fund, and your parents is not your emergency fund.

Ccto ✨

29/09/2024

Jack Ma the richest man in China said, "If you put the Banana and Money infront of a monkey. The monkey will choose Banana because the monkey don't know that money can buy alot of Bananas."

In fact, if you offer WORK and BUSINESS to people, they will choose to WORK because most people don't know that a BUSINESS can make more money than salary.

One of the reason the poor are poor is because the poor are not trained to recognise the entrepreneurial opportunity.

They spend alot of time in school and what they learn in school is work for a salary instead of working for themselves.

Profit is better than wages because wages can support you, but profits can make you a fortune.

Keep following

29/09/2024

BEST MONEY SAVINGS TIPS:

■ Don’t bring your money with you.
■ Cook at home.
■ Buy your groceries in Public Market not in Malls weekly, not daily, not monthly. (Market: Ampalaya 50/kl vs Mall 147/kl)
■ Remove unimportant expenses.
■ Lower down the cost of your important expences. (Ex. Ganador 55/kl while Sinandoming 42/kl)
■ Buy your own tumbler and bring your own water. Avoid buying outside. (Natures Spring 500ml 15.00 while if you bring its FREE)
■ If you’re not in business don’t buy CAR.
COMMUTE: plete ka 15.00 x 2 x 26days = 780.00/month
WHILE:
CAR Expenses: 15k/month car + 5k/mo gas + 2k/mo parking = 22k/month
■ Always set aside 20-30% of your income to your Mandatory/Disciplined SAVINGS.

What makes us POOR is our bad spending habits.

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The SAVINGS we put in Real Estate Property is normally the only savings we didn't spend after years of battling those spending temptations. Have you realized 5yrs ago we've been working yet right now financially almost we have nothing left.

The amount of money we have today has something to do with what we did 5yrs ago, with how we spend and how we save. If we don't change anything most likely the amount of money we have today is still the same 5yrs from now. The question is: "Is that what we want?".

The real REASON why we can't save is simple: It is not because we don't make money, not because we don't save, but it is because we are always tempted to withdraw and spend whatever we save.

Our TRUE VALUE is the amount of our SAVINGS not the INCOME, not the MONEY that we earn that is long gone already.


~ ccto