[nanashi]

Increasing ones earning will not solve your financial independence if you don't do something about your lifestyle. OOO palakihin mo yun kita mo kaso hanggang kailan mo pwede gawin yun? Pano kung nagkasakit ka o di mo na kaya magtrabaho? Paano mo mapapanatili ang laki ng kita mo pa? Negosyo? Pwede kaso bago ka magnegosyo dapat may naipon ka pang kapital sa negosyo na dapat ka rin bawasan ang mga luho sa pamumuhay mo.

[Ironkiwi]

Huwag gagastos ng sobra sa kinikita, wala naman daw sa laki ng sweldo iyan, dipende iyan sa savings mo. Malaki nga sweldo magastos naman, wala din.

[gang13]

Lagi natin nababasa at naririnig. Live within your means. Nung bata pa ako, turo ni papa, if kumita ka ng 10pesos, gastusin mo lang ang 8, save mo ang 2. Wag kang tulad ng iba, kumita ng 10pesos, gagastos ng 12pesos, ibabayad ang 10, mangungutang ng 2, para mabili ang gusto. In my case, dahil natuto ako ng delayed gratification, pag kumita ako ng 10pesos, 2 lang gagastusin ko, yung 8 palaguin. mahirap at first, pero habang tumatagal, mas madali.
Actually, hindi naman parepareho ang gusto natin sa buhay. In my case, it was clear to me. I have a goal, I write it down, I plan, work, dream & pray about it. Sa malayo ako nakatingin. Ask yourself: Ano ba talaga ang gusto ko? Example: What’s more satisfying to me? Owning a brand new car or owning a second hand car but debt free?  Wala naman tama o mali dito, ikaw lang ang makakasagot ng tanong na ito.

[daphne]

Actually, hindi naman parepareho ang gusto natin sa buhay. In my case, it was clear to me. I have a goal, I write it down, I plan, work, dream & pray about it. Sa malayo ako nakatingin. Ask yourself: Ano ba talaga ang gusto ko? Example: What’s more satisfying to me? Owning a brand new car or owning a second hand car but debt free?  Wala naman tama o mali dito, ikaw lang ang makakasagot ng tanong na ito.

nagiging complicated lang ang lahat pag priority mo ung mga WANTS kaysa sa NEEDS... kahit na siguro malaki pa kinikita mo pag gabundok nman ang wants mo sa buhay wala ka din kinita.

[prnd32]

^ I agree with all the advice of our PMT colleagues.

Let me sum up in a formula:

INCOME minus (SAVINGS and INVESTMENTS) minus DEBT PAYMENTS = EXPENDITURES

Adopting this formula requires a great deal of DISCIPLINE.

[daphne]

http://www.youtube.com/watch?v=qOv5vyFJvok&feature=relmfu


very infomative vidz.. might help

[jumi07]

nakaka inspire ung story ni gang13

[AlingJuana]

kakainspire po ang kwento nyo gang13 

ako din..hopefully makaipon nang ganyan..  more discipline pa...

[bestinpalawan]

There are diff opinions here, all are very helpful. I guess u know that your problem can easily be solved, all u have to do is to be matipid, at least for the meantime.
I would like to share w/ u my own experience. While others earn & reward themselves, thats good, they truly deserve it, thats instant gratification. I, on the other hand, pratice Delayed Gratification.
When we (hubby & I) were starting, my goal is to save our 1st 100k. When we reached it, we bought a 2nd hand motorcycle worth 35k, we were so happy bec at least we dont need to commute anymore on our daily routines, the remaining 65k I used it to buy & sell stuffs (from divisoria). 1x a week commute parin to buy stocks. Bus on the way to divi, taxi pag uwi since we have stocks.
My next goal is to save our 1st million. When we reached it, I didnt buy a brand new car/van, instead I bought a 2nd hand FX worth 100k, the remaining 900k I invested in RTW biz. I always buy in cash, I never had credit cards, I didnt have any kind of loan. I only want to spend what I have.
My next goal is to earn 5m. With 900k initial capital, we reached it in 3yrs. I didnt buy brand new car or house. I bought a 1.7m foreclosed house (30% down, 10yrs to pay), I bought 2nd hand grandia worth 500k. The rest of the money I use in expanding my rtw biz.
My next goal is to earn 10M, when I reached it. I bought more foreclosed properties, this time I told myself I will reward hubby w/ brand new car na.
Today, I have 4 house & lots (all foreclosed), 3 condos (brand new), 9 commercial properties, 5 brand new vehicles & 1 old grandia (still there), 2 businesses (rtw, fastfood), some savings. I can now afford almost everything I like. Now I gratify myself.
Delayed Gratification was my secret. If I spent my first 100k. I will never have what I have today. If I reward myself too early, then our money would not have the chance to grow. My other secret is, pray & have faith in God. Every blessings comes from Him.

Post Merge: Aug 22, 2012, 10:10 PMgreat!!! Delayed Gratification i will follow your footsteps sir!!! ^_^

[missreese]

napaka inspiring naman ng story ni gang13.

[PeopleSupport]

There are diff opinions here, all are very helpful. I guess u know that your problem can easily be solved, all u have to do is to be matipid, at least for the meantime.
I would like to share w/ u my own experience. While others earn & reward themselves, thats good, they truly deserve it, thats instant gratification. I, on the other hand, pratice Delayed Gratification.
When we (hubby & I) were starting, my goal is to save our 1st 100k. When we reached it, we bought a 2nd hand motorcycle worth 35k, we were so happy bec at least we dont need to commute anymore on our daily routines, the remaining 65k I used it to buy & sell stuffs (from divisoria). 1x a week commute parin to buy stocks. Bus on the way to divi, taxi pag uwi since we have stocks.
My next goal is to save our 1st million. When we reached it, I didnt buy a brand new car/van, instead I bought a 2nd hand FX worth 100k, the remaining 900k I invested in RTW biz. I always buy in cash, I never had credit cards, I didnt have any kind of loan. I only want to spend what I have.
My next goal is to earn 5m. With 900k initial capital, we reached it in 3yrs. I didnt buy brand new car or house. I bought a 1.7m foreclosed house (30% down, 10yrs to pay), I bought 2nd hand grandia worth 500k. The rest of the money I use in expanding my rtw biz.
My next goal is to earn 10M, when I reached it. I bought more foreclosed properties, this time I told myself I will reward hubby w/ brand new car na.
Today, I have 4 house & lots (all foreclosed), 3 condos (brand new), 9 commercial properties, 5 brand new vehicles & 1 old grandia (still there), 2 businesses (rtw, fastfood), some savings. I can now afford almost everything I like. Now I gratify myself.
Delayed Gratification was my secret. If I spent my first 100k. I will never have what I have today. If I reward myself too early, then our money would not have the chance to grow. My other secret is, pray & have faith in God. Every blessings comes from Him.

Galing! I hope I can do the same. Though I make it a point to reward my family with vacation at least twice a year..  coz, it inspire me most to see them with so much happiness and it is a great bonding for us.

But, I'll keep this in mind, to set targets also. Thanks gang13. 
 

[theEdge]

yes saving is important as a start but is it enough?we need to invest those savings to build wealth.and 3rd and the most important is time, without this the previous 2 are nothing.