I have to share with you our simple way of getting out the routine cycle of utter lack of resources to live comfortably. My family adopted this process emanated from the Holy Bible is much different from the usual practice pursued by many people out there.
In the arena of preservation of wealth and steady growth of capital, the book of Proverbs 28:20 is our guide. Even how little our income as the result of daily plowing the playing field of technologically advance world, we first make a Savings, and Investment. However, prior to come up with the concept, imperatively necessary to first settle down your mindset which anchored on book of Proverbs 24:27 and a partner bible verse in Ecclesiastes 5:13-14.
We adopted the concept of investment which is narrated the Holy Bible in the book of Luke 14:28 Long-Time Horizon. Also part of our method of personal investment the so-called Strategic Averaging Method (SAM) consistently applied by Truly Rich Club members.
Since last quarter of 2011, when I started to read books of personal finance, there were two things I then discovered. And those two things are “TIME” and “MONEY”. ''Time is money'', is the general belief in the professional world. The way I understand this relate to the arena of financial freedom.
Time is a tool which other treated this as an enemy while in our end; we adopted the same as one of our resources. Why… in the book of Proverbs 6:6; 28:22 you can get your Holy Bible and read the same, which is why we capitalized that to our advantage. The next investment occurrence is cycle.
What I’ve learned from my readings and so upon consultation with my mentors, they are unanimous in saying that if you keep a long-term perspective you have time to compound modest yields. “Compound interest” is one of the eight wonders of the world; this was then the words of Albert Einstein.
Look, try to tender a short peep at the stock market trend now, my mentor at the Truly Rich Club consistently shared inputs among others that “not to worry the down side”, down of stock market prices listed at the PSE. According to the stock alert message I received, this market occurrence is named “Correction”.
However, my opinion runs this way: this correction is part and parcel of cycle, and this cycle is inevitable as noted since time immemorial when you and I were not yet delivered from our mother’s womb. 2 Peter 3:4 in the Holy Bible is our other resources on the matter.
So I looked then for resources to correlate aforementioned personal philosophy of investment. And for practical consideration, I scanned the maze of books available, which is to mean visiting known book store here in the Philippines where I have to stand, stand-reading for about 1 to 2 hours then because I can’t afford to pay hahahaha! Yeah it’s true, really true at the time when I started to read books for my personal growth and development sometime last quarter of 2011.
Then on, I learned diversification strategy which also been part of advices written in the Holy Bible particularly Ecclesiastes 11:2. Also with my readings pushed my nerves to adopt the same philosophy.
As the saying goes, all the aforementioned “Fiscalosophy”(Jay Tan’s Finance Hub philosophy of investment) can be summarized into one, that is a process which in my personal view is a roadmap to finance freedom. And what is financial freedom in a truest sense of word?
In the 21st century the concepts of time and money are being redefined. ''Financial Freedom'', is one such term that has gained much importance in the changing financial scenario. ''Financial Freedom'' means the freedom from continuous financial responsibilities through a planned management and allocation of assets.
By applying this concepts, it frees us from back-breaking work by giving us a steady source of income for life. One must not think that a financially free person is also debt free. However, I believe this prudent asset management ensures that our debts do not become a burden but only a part of our over-all expenses.
In this way, our debts do not hinder our long-term financial goals. Financial freedom cannot be equated with being rich. One must not forget that surplus wealth requires constant supervision. In the long run, a rich man's obligations do not make him ''financially free'' in the true sense.
Thus, financial freedom maybe defined as a lifestyle that blends expenses and income according to the personal preference. This makes ''financial freedom'' a more possible and convenient state of being.
This can be connected and/or related to our very own personal experience, which to show that the primary source of wealth or capital for most of us comes from accumulation and multiplication of one’s extra/excess money. And to know it more is that simply the difference between one’s income and expenses. The excess/extra money must be consistently positive to carry out one’s long-term goals.
Did you know that it is harder to keep wealth or shall we say it in a term known to many, and that is money than it is to earn it? In my survey it reveals that many people earned their income through new means just like Janet Lim-Napoles and some names in the realm of Philippine Politics dubbed as “ Bureaucratic Capitalism” by the National Democratic Left.
However, best to remember that handful of them had competence and/or ability in investments to know how to build that wealth and make it grow over a period of time. Simply put, let your money works for you so hardly like a System and/or Equipment that would generates real bucks of money for you 24/7. In all deed to summarize based on the example mentioned-above that people tend to view capital preservation as a much higher priority than earning the highest yield or greatest growth of capital.
To understand ''financial freedom'' one must come out of the traditional concepts about income and expenses.
It has been known since time you and I blink the first light, and have been taught that timely work generates money. Certainly, you would vehemently disagree with me with my accumulated concepts that ''Financial freedom'' opposes this concept of time-for-money swap and lets the money work for the personal instead. However, in spite of this advantage many professionals find it difficult to work without a fixed routine.
Thus, achieving financial freedom one needs to change their old mindsets and develop a new attitude towards earning money. One must realize that money is simply the means to do an end. Also to say and with due respect, you should know the New Rules of Money vis-à-vis New Rules of Economy.
One must also remember that a person cannot be judged by the money he posses. Unless these misconceptions are cleared the entire purpose of financial freedom is defeated since satisfaction is the keyword to financial freedom.
Similarly, one must also get rid of the negative attitude towards earning money. While excess demand for wealth hampers one's healthy relationship with finances, a healthy perception of money is necessary to keep up an over-all balance. Remember that one earns money to do ends and therefore, it is healthy and normal to earn money as long as one feels the ethical need to do so.
In the end, one may say that financial freedom is the state of mind which works towards development through a process of self liberation. But that is on the side of theoretical menu…what is on it if we can’t eat it? What I am trying to drive at is that upon knowing this all in a simple term and understanding “What has to be Done?
The concepts which says “let money works for you”, let the System works for you” and trust your investment to give you fatty retirement harvest and/or let your investment vehicle place you over the top of your goal. How do you view them all? That is a serious and provoking thought patterned which you should consider first.
I am not expert in this field of human endeavor yet I may say that no need for me to relay those sprouting financial gurus over there, and paying much money just to give seeming financial advice. First reason, our money is not enough to pay those financial gurus attached to a mutual fund company. And instead, I engrossed myself have to learn and accept new concepts which link to say that I should have control over our investments.
I am saying bluntly because this is what happened… that is why I should learn fast to recover the dull moments of minding the business of others, which was then when I worked with the Government of the Republic of the Philippines.
What Has to Be Done….
As I said in my start-up days, I engrossed myself in acquiring inputs which are new to me. And I explored the domain of Internet and Web vis-à-vis e-commerce.
That was then when I can no longer overcome standing couple of hours at the bookstore…that is why varicose veins sprouted like mushrooms in my both legs. I begun to search in the internet eBooks about personal finance, about investing and about money….and only one tune I got ______they all need your credit card because those eBooks were for sale.
Yet you can also acquire for free eBooks yet little advice and of less quality if not is not the one you’re looking to. What I am looking for at that time was some sort of continuity on the domain and topic I am pursuing to.
With lot of gusto, and so passionate to have reading materials with an end in mind to enrich my craving self to know new concepts how to generate passive income. God knows my needs instead of my wants, which was then I met 2100 eBooks…I communicated the owner of the site who shared the same, and I was then thinking on whether to buy or not.
The price is not expensive to those that has plenty of money but to those like me whose money in my pocket is likening to the stock market graph “sometimes down other times up. Put it in other expression, liken to a roller coaster ride.
Then on, what vividly put in my mind was that “How Can I afford to Pay that ELibrary? In dollar I have to pay for around $55 while in Philippine currency amounted to P2500.
Month had elapsed since it came to my attention the aforementioned ELibrary, and I can afford then to pay for the price…why? Because I have a big WHY of acquiring that Supreme Wealth ELibrary, which reason I save as much as I could energized by persistent tune in my mental pattern of having the same.
To make the story brief and concise, after payment over the designated bank, immediately I took a picture of the bank deposit slip and have it emailed to the Supreme Wealth Alliance ELibrary Admin. The following day as far as I can recall, I received email message that I can then download through navigating the link provided.
So excited to know the relative contents and/or topics I navigated to the link provided. You know all I can say is this “just name a topic you’re passionate about and I will find it for you over there at my SWA ELibrary”. I am not boasting to the world my ELibray but no one can prevent me to express my emotion of having that kind of resources.
SWA ELibrary resources for me to consider in reaching my goal because I helps strategically. I confronted with any issues and concerned on human endeavor and so with human interest, I seek guidance on my SWA ELibrary. Topics ranging from personal finance, online business, health and wellness, mind power, how to blog and earn the same, from cooking pastry to gardening. Everything under the vocal heat of the sun, you can have it in the SWA ELibrary.
Another beauty of having SWA ELibrary is that it goes with an Online Passive Income.
This is an opportunity which you can earn extra income even if you’re too busy, do you believe? And if happens that this will make sense with you after thinking over og going over the details of the presentations …I am inspired to help with you and thus we can talk on this area of attempt on soleissue of knowing from your end whether this side project is really for you.
This side project is not exclusive to my country; hence, you can buy the SWA ELibrary anywhere you are in now.
Honestly if ever you will join, You can receive commission from SWA Corporation, and if further you want to undertake the side project I mentioned you’re part of a big team…the Team Manny Villoria.
For Your Success!
P.S. I also run the blogsite http://barelylegalphilippines.blogspot.com
P.S II Whenever you join and/or sign up with the links I recommended above, we are on the same plane, a turbo jet to arrive fast to our journey...reaching our individual goals yet we need to build positive cash flow in a passive way of doing this human endeavor with only one objective getting out the rat race.
P.S III If ever comfronted with some sort of legal intricacies and want to know answer over the same...my team of ParaLegal is inspired to assist with you... place your legal issue/s at the comment box of http://barelylegalphilippines.blogspot.com and/or emal at tan.hayjie@gmail.com
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