I see too many people suffering from poverty in my beloved Philippines
Step 1 – Get out of Debt
This is most important because it gives mental freedom and stops the bucket from losing water. If you have a bucket with holes, sayang your work is going to cover those wholes (AKA interest of Debt).
This step is aggressive! Start with the smallest debt and live tipid na tipidan talaga. All your extra money to kill smallest debt, then next smallest hangan tapusan.
Step 2 – Deposit your daily money in a high yield savings account
Gsavings at Gcash (My Piggy Bank) or ING Bank.
Ingat, hindi G-Invest eto ha! Iba yon.
From these accounts easy to pay bills, plus free transactions, plus free check deposits, plus you save time going to the bank, plus… MAY FREE CASH MONTHLY
Every month they deposit interest back into your account, yes, every month! Many times bigger than normal banks in the Philippines. Try it!
Step 3 – Invest every month a minimum of 10% of your income in dividend stocks
You cannot help the poor by being one of them. Get rich, tapos help the poor after.
Get strong, then you can pull people up.
No paying for the tuition of your siblings or the retirement of your parents if you are not financially free yet.
What is Financially Free? That you can stop working and all bills and food come from your investments na.
This is not TRADING. This is BUYING and NEVER SELLING. Collect dividends forever. Buy and Hold strategy.
35php invested every day in dividend stocks makes you retire with 4-5 Million PHP after 40 years.
All these steps take effort and saying NO to traditions, relatives, parties, and gifts. Hard, I know! If it was easy everybody would be rich.