Don’t you agree with me on this? I was reading my old blog when I was in my mid-20’s and my favorite topic was about my love life. Now that I’m in my 30’s, I frequently think and discuss about financial management and financial freedom. I remember a Taiwanese co-worker before who was of my age. While I was busy discussing about my love life, she was busy reading the business section of the newspaper. She was into the stock market and that word was out-of-this-world for me at that time.
Now, some people at the office who are in their late 40’s are talking about retirement. Instead of thinking and talking about financial freedom, I would listen to them and scrutinize their retirement ideas to learn from them. Somehow, talking about financial freedom and retirement are related with each other. Building your retirement fund is synonymous to having financial freedom later on.
Mr. Francisco Colayco, if you are reading this, I’d like you to know that I’m a BIG fan of yours! Your book, “Pera Mo Palaguin Mo” is entertaining and the financial tips are easy to follow.
I came across Mr. Colayco’s column by chance when I got addicted to Bulgar. Call me jologs, call me jejemon, call me whatever adjective you want but yours truly indeed got addicted to that tabloid. Off topic, I’m fascinated and at times, irritated by Cristy Fermin’s column there.
Mr. Colayco writes for Bulgar about financial tips. He also writes for Good Housekeeping on a similar topic. You’ve got to get a copy of his books, you won’t get bored and you’ll easily understand what the gentleman is talking about.
Mr. Colayco, here are among your tips that I followed:
1. I’ve cut my Mabuhay Miles Credit card last March 2010 because as you say, credit card interests are the highest. Imagine that 3.5% interest rate per month!
2. I learned to differentiate NEEDS from WANTS. I WANT a BIG house but do I NEED one? I WANT the latest model of cellphone but do I NEED one?
3. I learned to live beyond my means.
4. My husband and I are religiously saving 20% of our income and we are hoping that someday, we could invest it to create a PASSIVE income.
I don’t dream of being RICH. I just want a comfortable life that I can enjoy and let’s be frank, money has a big role in our life. The LOVE of money is the root of all evil. I love to be financially independent so that I can extend help to more people. Aint that a noble reason to dream of financial independence? 😉