SETTING YOUR FINANCES FOR 2019 | Marvin Germo

SETTING YOUR FINANCES FOR 2019

By: Marvin Germo | January 3, 2019

This is the best time to prepare for your finances

Use this time to plan for your finances well. Use this time to map out the course of your future and destiny. Start small, be faithful with what you have and finish strong.

In this post, I am sharing to you my recent interview with TV5’s Cheryl Cosim as I gave tips on how you can create a better financial framework for you 2019.

Catch me in my live training events! (quick plug)

The heart of why I do this 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 on how you could time the market checkout the trainings below.

Stock Smarts Qatar —  February 5 – 10, 2019
Make Money, Grow Money (Manila) – February 13, 2019
Investing Insights (Dubai) – March 1, 2019
Stock Smarts Manila —  March 9, 10, 16, 17 & 23, 2019
Stock Smarts Cebu —  April 6 & 7, 2019
Investing Insights Japan – April 13, 2019
Stock Smarts Singapore —  May 18 & 19, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts Taiwan – November 2, 2019

Here’s the gist of what I talked about

Saving money is all about discipline and building a routine that you do it even if you are not comfortable doing it. It’s about doing it and following through and sticking to your plan.

You need to know what comes in, how much you are making and how much you are spending. You need to write everything down and you need to know where you are financially.

If you don’t list everything down, even if your income would increase you would not be able to save because your life style and your expenses would also increase.

Start to list all of your expenses for the month. You will be shocked how much you are spending. When you start listing all of your expenses you will realise, small expenses start piling and become big too.

Listing everything will also give you a certain portion of your income that you can allot to indulge from time to time.

Rank all the items that you will spend on for the month. You need to rank all the needs first, then the wants. You need to prioritise your debts first if you are in debt.

Ranking everything will show what you prioritise in your spending and will help you to become more creative.

Create a limit on your spending

That’s why you have to write everything down, so that you can create a limit to your spending.

If you cannot afford it, do not buy it. Stick to the things that you can afford. You do not have to buy things just to impress other people that don’t like you. Yourself worth is not dependent on what you buy.

Saving money is all about discipline and building a routine that you do it even if you are not comfortable doing it. It’s about doing it and following through and sticking to your plan.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
Stock Smarts Book