First job? Congratulations and welcome to the real world. Remember that the money you are earning right now is also the money that you will need for your future. Read on and learn new tricks on your way to being richie rich.
1. SAVE UP
I have this habit of saving atleast Php 1,000.00-2,000.00 every payday. That makes Php 2,000.00 to Php 4,000.00 a month. Not bad! When I was also in College I divide my daily allowance into two. I use the other half and I keep the other half at home. The company that im working right now conducted a Retirement Program seminar months ago. The speaker mentioned that at the age of 25, you should set aside Php 1,000.00 every month and when you reach the age of 60 years old for sure you’ll have all the money that you need for medication and etc.
2. SET GOALS
List down all the things that you want to buy and the places that you’d like to visit so you’ll be motivated. Look at that list everyday before you go work to remind yourself why you need to work hard and to save more money.
3. LIVE WELL WITHIN YOUR MEANS
Don’t go broke trying to look rich my friend. You don’t have to buy the things to impress others especially those people you don’t like. You should know your limit or else you will end up suffering. Don’t buy the things that you don’t want, don’t buy the things that you don’t need and do not buy things that doesn’t fit your budget. If there’s something you want to purchase but can’t afford now, wait and work until you do.
4. BE FRUGAL
Instead of eating outside during your lunch break why not bring your own baon? It will make you save up to Php 150.00 a day x 5 working days = Php 750.00 a week. Go for a long walk, refrain from long good nights and do everything that will make you stay away from spending too much.
5. GET AN INSPIRATION
Aside from your future wife or husband, you should always make it a point to help your family financially. Keep in mind that you are striving hard to repay your parents for the effort and financial support they have given since you started going to school.
6. INVEST
One great way to save is by getting a savings account that will make your money accumulate annually.
7. DO BUSINESS
Take risks, invest and don’t let money sleep in your wallet.
8. DEVELOP GOOD HABITS
Wake up early, be an early bird at work, time management, keep learning and stay hungry.
9. SHARE YOUR BLESSINGS
He who gives to the poor, lends to the Lord and HE will reward him for what he has done (Proverbs 19:17)
10. BE HUMBLE
Humility will always be the key to success. You don’t need to brag about what you are and what you have. Like what the bible says “God opposes the proud, but gives grace to the humble”.
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