Whether it is cash, property, investment, or business, you must be aware of how to manage your wealth effectively. It’s very common nowadays that people lose their money and other assets because of poor management and bad decisions. Don’t wait for it to happen to you. As early as now, search for ways on how you can properly manage the valuable things you have now. Don’t just rely on time or fortune. This won’t help you keep your wealth safe. Think like a pro. Here’s what you can do to manage your wealth.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.
Stock Smarts Manila – September 14, 15, 21, 22,&28, 2019
Stock Smarts Qatar — October 3 – 6, 2019
Stock Smarts Cebu – October 26-27,2019
Stock Smarts Taiwan – November 2, 2019
ICON Davao – November 30, 2019
Living like a king or queen is one of the best things in life but is it the right way to live? You can do a lot of luxurious things but there are always alternatives to it that can make you spend less. The way to manage your wealth is to focus on saving money and earning more. Drop your living expenses and switch to a simpler life. In this way, you can add more to your wealth. You won’t have to sell your assets just to catch up with your living expenses. Save your money and use it to add more value to your assets as long as you are young.
Save on a car, save on a house, and save on a property. Building your empire doesn’t have to be quick. It would take time and I recommend that you save money first to buy the things that matter most to you like a house or a vehicle. Do not use your emergency funds to buy these things. Do not sell your investment just so you can have money to spend on your wants. Always think this way—if you want to buy an asset, save money for it and once you have accumulated enough amount, that’s the only time that you will be buying that asset. Save before you buy!
Hold your assets as long as you can because time appreciates the value of almost everything—your investment, your property, your land, and many more. Stop buying craps that don’t matter to your life. When you are in the middle of a buying decision, always ask yourself if you are going to need this thing in the next 3-5 years. Do not buy an upgraded smartphone if you have bought one last year just because you want to keep up to the standards of society. Do not sell your wealth to buy stuff that depreciates. Always be wise.