Like, Follow, Subscribe to Facebook, Twitter, Instagram, Good News Pilipinas! TV on YouTube, new story notifications and e-mail newsletters for updates on more Filipino Pride stories.The decision of whether or not to have kids or the number of kids you already have also contributed to money issues that a couple faces. What investment vehicle, in particular, are you most interested in? Join now and know the secrets of the rich so you, too, can be rich!Īre you open to investing in these investment vehicles?
You can learn about mutual funds, UITF, Real Estate, Stock Market, and other funds and investment vehicles. If you want to learn more about investment, my special program called “How to Retire at 50” is the right way to start. They were able to secure their future, especially their retirement years because they wisely put their money in places that can make it grow. These are good investment vehicles if you are busy and do not have time to learn the nitty-gritty of investment.Īnother good news is that many people have profited so much using these investment avenues. The fund manager will take care of your money for you. What is good with mutual funds and UITF is that you may not need to stress out so much about your investments. You can inquire with your bank about their UITF offerings. UITF or Unit Investment Trust Fund is somewhat similar with mutual fund but it is managed by a bank. You just need to buy shares of your desired mutual fund from licensed agents such as insurance companies and stock brokers. Your money will be invested in securities, bonds, stocks, money market instruments, and other investment vehicles.
#HOW TO PAY FOR CHINKEE TAN ALL ACCESS PROFESSIONAL#
Your investment will be pooled with other investments and will be managed by a professional fund manager. Mutual Fund and/or UITF are good investment vehicles especially for newbie investors. Another good thing with PAG-IBIG MP2 is that the agency will not close anytime soon, therefore your money is protected by the government. But according to last year’s records, PAG-IBIG had paid their members who availed the program at around 7-9% interest rate. However, the interest rate is not fixed and the profit is not predetermined. The agency will pay you back at an interest. You can lend funds to PAG-IBIG based on your contributions. If you are a PAG-IBIG member, you can now invest in the agency. This is also a safe investment because this is protected by the government. This is also an investment that has a predetermined interest rate, thus your income is guaranteed. The rich also place their money in bonds which represents loans made by the government or a private entity. If you have extra funds which you know that you won’t be needing anytime soon, it is best that you put it in a time deposit and let your money grow without putting any extra effort. This means that even when your bank closes up, the government will return your money up to Php 500,000. Time Deposit yields higher than the savings account, but both are protected by the government or PDIC. With this, you can earn based on the fixed interest rate if your money reaches the predetermined maturity period. Time deposit is a sure way to grow your money. If you want to thrive financially, then participate in the financial ecosystem. It mobilizes your money - for your bills, business transactions, emergency funds, etc. Aside from restricting yourself from spending, a bank account is your footprint in the finance ecosystem. In this setup, you are less likely to spend it because it takes so many steps to access it. More than securing your money in an insured institution, you are also giving yourself a distance from your precious savings. The first step in becoming rich is opening a savings or a current account. This makes money so tempting to spend because it is just within arm’s reach. Their money is just stashed away at home. Most ordinary people put their money in a jar, a piggy bank, or in some hidden corner of their house. Here is PART ONE of the “10 PLACES WHERE THE RICH PLACE THEIR MONEY”. Do you want to know where the rich put their money?
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