Financial literacy? What was it? For Filipinos I believe several wasn't even aware of it or even don't know. I just watch ABS CBN (ANC) channel few minutes ago. And at this particular one on one interview with President and CEO of Philippine Stock Exchange (PSE) Mr. Hans Sicat, they are talking about the market and the future of the capital here in the Philippine. I wasn't able to digest all the discussion by hearing the different market terms. But I do know that the Philippine is going better statistically showed in reviews.
Mr. Hans is emphasizing the Financial literacy among Filipinos. He even mentioned having school of Business & Economy. Actually that was a good plan to uplift and improve the level of awareness of Filipinos about investment and money. How I would like to take my part on those ideas and to help my countrymen about it.
Philippines are booming right now. However why come there are lots of Filipinos are in poverty right now. This question would take tons of listed answer. But one answer maybe I could say. We Filipinos wasn't taught about how to take care of finance rather we are taught how to be skilled and become more academically equip with the course we took and in addition we are taught of how to spend our hard earn money in an instant. But what about how do we handle our monetary blessing from the lord.
I do not have have the riches, achievements, properties to show with you. But I do believe if I have something that can be use for someone who is seeking toward finding their financial freedom, I will not hesitate to share it with you. lets take back to our topic financial literacy.
When something is in a situation (like being poor) most probable cause of it is because all the things was right to become poor. If all the things are connected to being poor, being poor might be the most probable things it could happen. So here's the fact. One key to it is changing your "Mind Setting" it is something you have it right now it may be positive or negative already.
If you want financial literacy we must seek to it. Once you decided to make some changes in your life, you need to start moving and start getting action. One thing I did was, I started reading financial educating program, watch video about financial experts who conducts training & seminars, listen to people who acquire knowledge and doing work about the subject. It's like going to the dentist if your tooth is aching, going to an engineer if you have a building project, going to your stock broker to see whats up or low. It is something like to it. So starting right now make it your agenda to grow in that aspect. Don't just work hard, you must also learn while doing so. I believe it is crucial to every person living in our rapidly growing economy and to your family.
You may be now reading this because you are seeking information, knowledge, stuff for something in your mind right now. That's why you are attracted and start spending some minutes reading on this article. If you were like me seeking financial freedom you are right. Good thing about this is we are not alone, some other people I believe are also in pursuit of their path to financially freedom. I may not hold all the answer to your question but I do know that you are capable of something you can do in your life, you just need to discover it. The lord already has good plans for you so you just need to keep digging until you find out something what is working. Basic things you should do towards financial freedom
1. The very best thing to do toward financial free is to become educated at finance and business first. Research on how does money really works and how to save and invest it properly. You don't have to be intelligent to become educated it's just a matter of doing the thing and learning from mistake because you'll get a lot of those in pursuing that goal.
Before you start you investment. Study first where the cashflow will coming from. Lets say you start from establishing a business first then second is the investment.
Buy having a source or income stream it will be easy to spot other investment. It's hard to start an investment with any income stream coming from your business or job.
So number one. Try to establish a business, second is the investment.