So much going on... I must DO THIS.
As I was going home last night, I felt so exhausted. Not just physically but I felt so heavy in my mind.
That's why I vowed to lessen the clutter, lesson the chaos and prioritize those that matter.
One of the first things that I did today is to unsubscribe to different sites and marketing gurus. Are you in the same boat? Is your first act in the office is to check your e-mail and get consumed checking a lot of e-mail subscriptions? Perhaps you ought to declutter your online habits, too?
Then I remembered Leo Babauta's name who became known for blogging about simple living. I must read more about him and less of the numerous subscriptions I made.
Just that, I felt I have cleared space for breathing, literally.
As planned, I met my friend who is a licensed financial adviser as my first step to financial literacy.
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Here's what transpired and my corresponding thoughts...
Prior to our meeting, I shared to him that I may be able to save 3000 per month based on my current salary and expenditures. So, he discussed with me an insurance & investment plan based on the amount I said I was capable of.
The benefits of the insurance policy he offered included if I die by accident or if I get permanent disability and hospitalization.
But what I was really interested to was when he explained that if I will be able to save and invest Php 3000 per month from 37 until I was 60 years old (totalling to Php 828,000), I will be able to receive a little more than 1.5 million in return. This was only a projection, considering 10% interest per annum and compounded continuously of the money I've invested.
Wow! To me that would be a lot. The most cash I have seen in my entire life is Php 350,000. What a nice retirement bonus! If I'll have my way, when I reach 60, I would just be blogging and if physically possible play badminton. My mind was in overdrive on how I can come up with the money to invest consistently.
Of course, the bubble burst immediately. In life, nothing is certain but taxes and death. So, inquired if I miss to pay for the monthly investment. He said that I will be given 30 days to pay up which means I have to pay double in the next month. And when worse comes to worst, I will be able to withdraw the money I invested with some deductions.
There's a good chance that I will sign up for this insurance and investment policy.
I have an important appointment today with a licensed financial advisor, who fortunately came from the same high school. I am hoping this could be the Apollo-11 moment of my life.
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After being amused by the passionate discussion about the cons of Multi-Level Marketing (MLM) Schemes in Facebook, I've realized one important aspect of my life that I've given less attention to - Financial.
I know of the importance of savings and monitoring your expenses. I have some savings (but that is for getting married and starting a family of my own) and I have monitored my expenses daily since 2008.
But after that, I have no idea on how I can better prepare myself for my future and that of my future family.
As if by good coincidence, financial literacy has been a buzz word in our alumni org's website.
I took that to mean that the universe is telling me that the time is now for me to start my financial literacy and work towards financial freedom.
I am looking forward to my meeting later. Hopefully, I do not get nosebleed from discussions on investments, insurance and whatnots.