Investing for an ordinary Filipino at a young age seems like a very hard step of adulting. With all the pressures of the family where you’re being taught to give money for your parents, and social pressures such as treats, parties, and gadgets, you might had thought that investing is not a priority, or worst, you might not think of investing at all. Although these Filipino traits are “okay”, you should not forget about your future, too.
The first two questions you have to ask yourself before “how to invest at the young age” is “how much money do you need to achieve?” and “what is the purpose of your investment?”. Depending on that amount and purpose, is what’s going to determine the plan you need to get there. This plan is your roadmap to a successful investing because it will give clarity to your investing decisions every now and then. But let me warn you, this is straight-forward and personal. I am about to share EXACTLY what I’ve learned from my experiences and from various mentors.
We all know that earning money, through employment and/or business, is just one integral part of the equation. But earning money through passive income such as investment is also a good way to reach your financial goals faster. Remember that it is not our fault if we are born poor but it is our fault if we stay poor until we die.
To your investing success,