You always have to undergo the right process. Becoming rich doesn’t come easy and it doesn’t get to everyone. Yes, a lot of people are dreaming to get wealthy but not everyone is ready to take the risk. Just imagine the struggle of the people who are earning billions now. Do you think they got the billions on hand in a snap? Do you think they didn’t suffer from losses and ignorance in investments? They were once just like you who are wondering how you can attain that financial freedom while you are facing financial challenges in life. Now the question is, how can you really be rich for life considering the problems in your investment? Here’s what you can do.
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 Singapore — May 18 & 19, 2019
Investment Conference 2019 – May 25, 2019
Stock Smarts Manila — June 15, 16, 22, 23, & 29, 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 UAE – August 30 – September 3, 2019
Stock Smarts Qatar — October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019
Fixing your mindset is the first thing you need to work on. If you think you are poor, you will stay poor forever. Truth be told, a lot of people think this way. Even if they already have the money, they still think that they are a long road away from becoming rich. While thinking this way can help you hustle more, it can also be a factor in your slow growth. While your money is earning and growing, learn to fix your mindset. You should be nurturing as well as an investor and as a being as you tackle the path of becoming rich. Read books to expand your knowledge, ask people about their mistakes and learn from them, and always aim to make a sound decision.
Most of you are still saving without a direction. You’re saving for the sake of calling it savings. If you will not have objectives or goals, you will not be able to save in the long run. Trust me, doing something with an end-goal is always preferable than doing it without a cause. To give your savings a direction, you should start learning about how you can put it in proper instruments. Learn to budget your money so you would know what portion is to allocate for the emergency fund and what portion is for your investment. Set your goals. Is it for your retirement fund? For your dream house? For long term capital appreciation?
Don’t get too attached. Don’t get too emotional about your investment. If you will just focus on your investment and your savings, the tendency is that you will make impulsive decisions when the market is up and down. When you see your investments going up and up, you will be greedy to put all your money without considering other factors such as the volatility of the market and the current status of the economy. If you’re not sure about your investment, invest only the amount of money you can lose. Slowly learn the movement of the market by investing in your knowledge. Focus on other things so you won’t get too attached to money.