Skip to main content

Financial Freedom is Like Climbing Up a Ladder

I learned that in order to build your wealth, you should start with yourself. Don't ever start investing your hard-earned money to various investments.

Please allow me enumerate what steps to know and follow.

First is to have a stable income. Regardless if it is money coming from your day job or from active businesses, still it is a positive cash flow going into your pockets. This is the basic rule if you want to become rich and wealthy. If you don't have this kind of income, then look for it now.

Second is settle and pay off all your debts (if you have any). It's absurd and nonsense if you have money working for you in mutual funds or stocks while interests from loans are starting to pile up (non-stop). Compound interest is not just helping you in earning income, but it can also hurt you by incurring interest from your debts.

Third is to have short and long-term medical services. If you have a job and your employer provides you an HMO as part of your benefits, then you're good to go. But take note that it's just for a short-term period and as long as you're working with them. For long-term healthcare, it is definitely our PhilHealth. As long as we pay our monthly contributions, then we have nothing to worry about. Self-employed or entrepreneurs get their own healthcare as part of their strategy. They don't want to stash a large amount of cash from their net worth when sickness strikes them.

Fourth, you should have an insurance esp. if you're a breadwinner or someone who puts food on their family's table. I actually have a 3-in-1 insurance package. That kind of insurance consists of short & long-term healthcare, life insurance and after its maturity date, it will become an investment that earns interest yearly. If ever a misfortune happens to the one who has an active insurance, the family that is left behind will get a compensation. The provided money is enough for the family to survive while giving them a chance to supplement and take over the responsibility left by the breadwinner.

And last but not the least is getting into investments. It doesn't matter what kind of investments you would want to invest in as long as it is legit and earns you a passive income. It could be time deposits, mutual funds, UITF or stocks.

That's it. Now you have an idea what Financial Freedom is and how to build it up properly. I hope this little post will help you in becoming rich and wealthy.



  1. Ano insurance yung na avail mo Jet? Sa manulife ba yan or pru life?

    1. Insurance ko na tinutukoy dito sa post ko is Kaiser International Health Group. Ngayon nadagdagan pa ng isa, Cocolife. :)


Post a Comment

Popular posts from this blog

Learn How To Make Money Online

I'm sure you type this phrase in Google, Yahoo and Bing many times. That's why I list here some of my ways to make money online. Start making blog or a simple site regardless if it's free or not Study what Adsense is all about since it's one of the platforms where you can earn money If you have extra money, you should consider getting a professional domain that is to your preference and liking Write useful, unique and exciting content Promote your work using sites you're already a member of (Facebook, Twitter and Google+) Find another ways to monetize your site like text-link ads (I recommend Infolinks or Kontera as I already tried it) And last but not the least, being affiliate marketer and promote products that are aligned to the niche of your site or blog. It's not easy to make money online but if you're determined to make it happen, you will do everything. You will try stuff like SEO (Search Engine Optimization) and study all aspects of inte

Avoid Sticking To Unproductive People

Actually, this stuff I am about to share can be good or bad. It depends on where you get influence from. If the influence can help you achieve your goals, then that is good and vice versa if it can only lead you to misfortune. Anyway, I would like to put here the paragraph I read somewhere. I hope it makes sense to you. Avoid sticking to people who have hobbies of collecting stuff which are too much expensive. In the end, you'll be like them through the influence or the process.

Did You Start Your 52-Week Money Challenge?

Early of this year (January 2017) , I stumbled upon this weird challenge, the 52-week money challenge . The first time I got introduced to it, I became confused because I couldn't understand how it worked. Anyway, the idea of saving money from your salary or business weekly is a good idea but the challenge is you will add the original amount of money to the previous week's money every week.