Money Vibes


I threw an old piggy bank last Saturday in my AIM to start thinking BIG when it comes to saving and earning money. Money is limited and how I wish that I could just buy all the things that I fancy about! How I wish that I could help more, give more and share more of my blessings to those in need!
Saving money is not foreign to me. I started saving when I was in grade school and spending them on good causes were the sweetest things that I remember until now. In my adult years when I became the front-liner in the economic battlefield, I had gains and as well as losses but I never stopped fighting for what I believe every man should aspire—FINANCIAL FREEDOM.

Money is limited and we are not born into wealth but it doesn’t mean that we will live from payslip to payslip forever. I attached a sample computation of how compounded interest works. I assumed a 2% interest rate, 2000 pesos as initial deposit and 12,000 pesos yearly deposit. By the end of the 15th year, I would have PhP210,216 in the bank. Therefore, to be able to hit a certain target savings on a particular target year, I would just manipulate row D5 and onwards to input how much should I save per year. I agree that banks do not offer the best “earnings” out of the money that we put into them but MOST of the people in the Philippines would rather do banking than investing their money somewhere else.

Saving and investing is the right formula to financial freedom and it works for most people I know. As soon as they build their target savings, they invest their other money on stocks, mutual funds or business venture to maximize the return of their passive income.

The key here is to create a VISION of how much money you would like to have after X number of years and everything will fall to its proper places later. Because a person who has adapted a culture of financial awareness will be more conscious about his cash flow, what his priorities are and how to earn more money.
Money is limited but as Bo Sanchez says, if we believe that we have unlimited sources of it, then we will attract it. I call this one “money vibes.”