The Brilliant Shift

Asset vs Liability: A short story

Son: Dad, may I speak with you?
Dad: Go ahead.
Son: Among all my classmates, I am the only one without a car. It is embarrassing.
Dad: What do you want me to do?
Son: I need a car. I don't want to feel odd.
Dad: Do you have a particular car in mind?
Son: Yes dad (smiling)
Dad: How much?
Son: ₱2,000,000
Dad: I will give you the money on one condition.
Son: What is the condition?
Dad: You will not use the money to buy a car but invest it. If you make enough profit from the investment, you can go ahead and buy the car.
Son: Deal.

Then, the father gave him a cheque of ₱2,000,000. The son cashed the cheque and invested it in obedience to the verbal agreement that he had with his father.

Some months later, the father asked the son how he was faring. The son responded that his business was improving. The father left him.

After some months again, the father asked him about his business
again and the son told him that he is making a lot of profit from the business.

When it was exactly a year after he gave him the money, the father asked him to show him how far the business has gone. The son readily agreed and the following discussion took place:

Dad: From this I can see that you have made a lot of money.
Son: Yes dad.
Dad: Do you still remember our agreement?
Son: Yes
Dad: What is it?
Son: We agreed that I should invest the money and buy the car from the profit.
Dad: Why have you not bought the car?
Son: I don't need the car again. I want to invest more.
Dad: Good. You have learnt the lessons that I wanted to teach you.
- You didn't really need the car, you just wanted to feel among. That would have placed extra financial obligations on you. It wasn't an asset then; but a liability.
- Two, it is very important for you to invest in your future before living like a king.
Son: Thanks dad.

Then the father gave him the key of the latest model of that car.

MORALS:
1. Always invest first before you start living the way you want.

2. What you see as a need now may become a want if you can take a little time to get over your feelings.

3. Try to be able to distinguish between an asset and a liability so that what you see as an asset today will not become a liability to you tomorrow.

Ctto

𝐌𝐚𝐜𝐚𝐮𝐥𝐚𝐲 𝐀𝐰𝐚𝐫𝐝𝐞𝐞 𝐒𝐢𝐥𝐯𝐞𝐫 𝐋𝐞𝐯𝐞𝐥

It's official!

Thank you Sun Life and to my dear clients for trusting me as your financial advisor! This recognition is for and because of you all! 🌞🌞🌞

Let's play!

First 3 words you see are where your money is going. 🤭 😄😉

Have a blessed Sunday, everyone! 💛

Nice one! Gradual progression is better than unachievable instant progression.

Where are you at this point of your life goals?

Coping with CHANGE is always out of our comfort zone. Others seize the opportunity of the situation while others succumb to fear and uncertainty.

Lᴏᴏᴋɪɴɢ ғᴏʀ ᴏᴘᴘᴏʀᴛᴜɴɪᴛɪᴇs ᴛᴏ ᴄʜᴀɴɢᴇ ᴊᴏʙs?
Eᴍʙʀᴀᴄɪɴɢ ᴀ ᴄʜᴀɴɢᴇ ᴏғ ʟɪғᴇsᴛʏʟᴇ?
Cʜᴀɴɢᴇ ᴏғ ᴘʀɪᴏʀɪᴛɪᴇs?

Whatever it may be, always make it a goal to change for the BETTER. Keep hustling!

𝘗.𝘚.
𝘏𝘪𝘵 𝘵𝘩𝘦 𝘮𝘦𝘴𝘴𝘢𝘨𝘦 𝘪𝘤𝘰𝘯 𝘣𝘦𝘭𝘰𝘸 𝘪𝘧 𝘺𝘰𝘶 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘦𝘹𝘱𝘭𝘰𝘳𝘦 𝘤𝘢𝘳𝘦𝘦𝘳 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘢𝘵 𝘵𝘩𝘦 𝘤𝘰𝘮𝘧𝘰𝘳𝘵 𝘰𝘧 𝘺𝘰𝘶𝘳 𝘰𝘸𝘯 𝘩𝘰𝘮𝘦.

Help clients 1) achieve their financial goals, 2) secure their future, and 3) protect against death, illnesses, and disability
Conduct Financial Needs Analysis and offer insurance and investment solutions tailor fit to their needs.

Having a brilliant mindset can empower you to do great things. Whether you believe YOU CAN or YOU CAN'T, you are correct!

Being a breadwinner of the family, what is the BEST WAY to SECURE YOUR FAMILY FINANCIALLY?

If you grow old, your retirement is secured.
If you die, your family is secured.
If you get sick, you have ready cash.
If you become disable, you have ready cash.
If you become hospitalized, you have ready cash.

As a Financial Advisor, I guide people through the steps of effective financial planning to achieve FINANCIAL SECURITY.

👉 INCOME - SAVINGS = EXPENSES

When you receive your income, save money FIRST before spending. Starting with this discipline can help you regularly save therefore MINIMIZING YOUR DEBTS. But the next question is, where do I save?

🔸️Piggy bank - no interest
🔸️Bank - 0.25% less witholding tax

This is where investing comes in. There are financial instruments to invest in where it would BEAT INFLATION and let you grow your money PASSIVELY.

✅SECURE YOUR INCOME.
✅PROTECT AGAINST EMERGENCIES.
✅SAVE AND INVEST.

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The answer is YES!!!✅✅✅

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Doubting yourself is NORMAL but letting it stop you from doing something is a CHOICE.

believe and trust in yourself, goal-getters 💖

What are our priorities? It's just a matter of perspective.