Prulife UK-Licensed Financial Advisor-Mark Aeron Sales

WISDOM FROM RICH DAD.
From the book Rich DAD Poor DAD, by Robert Kiyosaki

1. Don’t work for money:

Rich don’t work for money. If you work for money, your mind will start thinking like an employee. If you start thinking differently like a rich man, you will see things differently. Rich works on their asset column, every dollar in their asset column is their hard-working employee.

2. Don’t be controlled by emotions:

Some people’s lives are always controlled by the two emotions of fear and greed. Fear keeps people in this trap of working hard, earning money, working hard, earning money, and hoping that it will reduce their fear. Secondly, most of us have the greed to get rich quickly. Yes, many people become rich overnight, but they have no financial education. So educate yourself and don’t be greedy or fearful.

3. Acquire assets:

Don’t buy liabilities on your way to financial freedom. People buy liabilities and think these are assets, but they are not. Many people buy luxuries first, like big cars, heavy bikes, or big houses to live in. But the rich buy assets and their assets buy luxuries. The rich buy houses and rent them, and they pay them for their Lamborghinis. The poor or middle class buy luxuries first, and the rich buy luxuries last.

4. Remember the KISS principle:

KISS stands for keeping it simple, and stupid. Don’t be too overloaded your mind when you are going to start your way to financial freedom. Things are simple and keep them simple. The simple thing to remember is assets put money in pocket and liabilities take money out of pocket. Always buy assets so they put money into your pocket.

5. Know the difference between assets and liabilities:

Assets are anything that puts money in your pocket, like stocks, bonds, real estate, mutual funds, rental properties, etc. Liabilities are anything that pulls money out of your pocket, like your house, your car, debt, etc. People think their home is their biggest asset, but it is not. A house is an asset when it generates money like when you rent a house, it generates money, and when your life in that house becomes a liability.

6. Don’t be a financial illiterate:

A person can be highly educated and become successful in their profession, but financially illiterate. Financial education is very important for any individual. Our schools and colleges did not teach us financial education. Many financial problems arise as a result of a lack of financial education. Start learning financial education and I suggest you read the book "Rich Dad, Poor Dad".

7. Increase your Wealth:

Wealth is defined as a person's ability to survive for a certain number of days in the future, or how long they could survive if they stopped working today. Consider your wealth and whether you would survive if you stopped working today for a year.

8. Mind your own business:

If you have a job, keep your job and start a part-time business and work it. Use the time that you spend on your iPhone, parties, or any other activity, to build your business. Never leave your job until you build your own business. Don’t struggle all of your life for someone else. Start your own business and grow your business.

9. Train your mind:

Your biggest asset is your mind. Many individuals watch opportunities with their eyes, but if you train your mind, you can see opportunities with your mind. If you train your mind well, it can create enormous wealth.

10. Learn technical skills:

Your financial IQ will be raised by learning these four technical skills:

Accounting is defined as the ability to read numbers. If you want to build an empire, then this is an essential skill. By learning this skill, you will be able to understand the strength and weaknesses of a business.

Investing: It is the science of making money.
Understanding markets: It is the science of supply and demand.

The Law: A person who has knowledge of the law of tax advantages and corporations can get rich faster than others.

11. Find opportunities that everyone else missed:

"Great opportunities are not seen with your eyes.

10 LESSONS ON FINANCES: 💯

1. Kung below P20,000 ang sahod mo dito ngayon sa Pilipinas, kakapusin at kakapusin tayo. Add income or aim for higher compensation. Kaya natin 'yan.

2. Bumuo ng EMERGENCY FUND - amount na pwedeng sumalo sa expenses mo ng 6 months kung sakaling mawalan ka ng income.

3. Follow this MONEY FORMULA:

Income - Savings = Expenses

Unahing itabi ang ipon kahit gaano kaliit. This way, you can build the proper habit and mindset.

4. Kung hindi pa AFFORD - huwag bilhin. Minsan, tayo rin yung naglalagay sa sarili natin sa mahirap na sitwasyon dahil impulsive shopper tayo. Use 14-day rule.

5. Hindi porke naka-SALE, eh bibilhin mo na. Lalo na kung di mo naman talaga kailangan. Lilipas din 'yang emotion na yan.

6. Zero debts = Peace of Mind. Iwas na lang kung hindi kayang i-manage ang utang. Maraming anxious dahil sa utang kaya hindi makapagtrabaho ng maayos.

7. BUDGET - you cannot improve something you don't measure. Alamin mo ang total income mo at total na lumalabas sa expenses mo.

8. Must learn to live BELOW OUR MEANS. Don't go broke trying to look rich. Okay lang na hindi laging bago ang gamit, sapatos at mga damit. Basta ok lang yan.

9. MONEY IS NOT EVERYTHING, but we cannot deny the fact that we NEED money to live comfortably. So, SAVE and INVEST properly.

10. Life and health insurance are not expensive, death and illness are. Be financially protected.

You can change your life and financial status with proper mindset and disciplined actions. Let's use the remaining 6 months to have financial growth!

Ccto ✨

"Success is not final, failure is not fatal: It is the courage to continue that counts." — Winston Churchill

Keep pushing through the week! You're halfway there.

Some Financial Lessons:

1. Emergency Fund: Maintain an emergency fund covering six months of expenses.
2. Save First: Save money regularly and spend only what remains after saving.
3. Debt-Free Living: Aim for zero debt; if you can't pay cash, you can't afford it. Peace of mind is invaluable.
4. Avoid Unnecessary Spending: Skip buying items on sale unless necessary. Remember, everything is 100% off if you don’t buy it. Every penny counts!
5. Budgeting: Create a budget to direct your money instead of wondering where it went.
6. Need vs. Want: Buying unnecessary things may force you to sell essential ones.
7. Living Below Means: Don’t pretend to be rich and live beyond your means. Act your wage.
8. Money’s Role: While money isn't everything, it is essential for family needs.
9. Backup Plan: Have a contingency plan for uncertainties, such as life insurance with investment options.
10. Financial Independence: Break the cycle of relying on children for retirement or parents for emergencies.

𝑺𝒆𝒄𝒖𝒓𝒆 𝒚𝒐𝒖𝒓 𝒅𝒓𝒆𝒂𝒎𝒔 𝒂𝒏𝒅 𝒔𝒂𝒇𝒆𝒈𝒖𝒂𝒓𝒅 𝒚𝒐𝒖𝒓 𝒍𝒐𝒗𝒆𝒅 𝒐𝒏𝒆𝒔 𝒘𝒊𝒕𝒉 𝑷𝒓𝒖𝒍𝒊𝒇𝒆 𝑼𝑲'𝒔 𝑬𝒍𝒊𝒕𝒆 𝑷𝒍𝒂𝒏. 𝒀𝒐𝒖𝒓 𝒑𝒂𝒕𝒉 𝒕𝒐 𝒂 𝒃𝒓𝒊𝒈𝒉𝒕𝒆𝒓 𝒕𝒐𝒎𝒐𝒓𝒓𝒐𝒘 𝒔𝒕𝒂𝒓𝒕𝒔 𝒕𝒐𝒅𝒂𝒚.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥! 𝐌𝐞𝐬𝐬𝐚𝐠𝐞 𝐦𝐞 𝐭𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐜𝐨𝐦𝐩𝐥𝐢𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐬𝐭𝐚𝐫𝐭 𝐩𝐚𝐯𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐰𝐚𝐲 𝐭𝐨 𝐚 𝐬𝐞𝐜𝐮𝐫𝐞 𝐟𝐮𝐭𝐮𝐫𝐞.

#𝑬𝒍𝒊𝒕𝒆𝑷𝒓𝒐𝒕𝒆𝒄𝒕𝒊𝒐𝒏
#𝑭𝒖𝒕𝒖𝒓𝒆𝑭𝒐𝒄𝒖𝒔𝒆𝒅
#𝑭𝒓𝒆𝒆𝑪𝒐𝒏𝒔𝒖𝒍𝒕𝒂𝒕𝒊𝒐𝒏

𝑺𝒆𝒄𝒖𝒓𝒆 𝒚𝒐𝒖𝒓 𝒇𝒖𝒕𝒖𝒓𝒆 𝒘𝒊𝒕𝒉 𝑷𝒓𝒖𝒍𝒊𝒇𝒆 𝑼𝑲'𝒔 𝑷𝑨𝑨 𝑷𝒍𝒖𝒔 𝒑𝒍𝒂𝒏, 𝒐𝒇𝒇𝒆𝒓𝒊𝒏𝒈 𝒖𝒏𝒑𝒂𝒓𝒂𝒍𝒍𝒆𝒍𝒆𝒅 𝒑𝒓𝒐𝒕𝒆𝒄𝒕𝒊𝒐𝒏 𝒂𝒏𝒅 𝒑𝒆𝒂𝒄𝒆 𝒐𝒇 𝒎𝒊𝒏𝒅 𝒇𝒐𝒓 𝒚𝒐𝒖 𝒂𝒏𝒅 𝒚𝒐𝒖𝒓 𝒍𝒐𝒗𝒆𝒅 𝒐𝒏𝒆𝒔.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥! 𝐌𝐞𝐬𝐬𝐚𝐠𝐞 𝐦𝐞 𝐭𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐜𝐨𝐦𝐩𝐥𝐢𝐦𝐞𝐧𝐭𝐚𝐫𝐲 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐬𝐭𝐚𝐫𝐭 𝐩𝐚𝐯𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐰𝐚𝐲 𝐭𝐨 𝐚 𝐬𝐞𝐜𝐮𝐫𝐞 𝐟𝐮𝐭𝐮𝐫𝐞. 📩📩📩

#𝑳𝒊𝒇𝒆𝑰𝒏𝒔𝒖𝒓𝒂𝒏𝒄𝒆
#𝑭𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍𝑺𝒆𝒄𝒖𝒓𝒊𝒕𝒚
#𝑷𝒓𝒖𝒍𝒊𝒇𝒆𝑼𝑲
#𝑭𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍𝑭𝒓𝒆𝒆𝒅𝒐𝒎
#𝑭𝒓𝒆𝒆𝑪𝒐𝒏𝒔𝒖𝒍𝒕𝒂𝒕𝒊𝒐𝒏