30/08/2024
INCOME - SAVINGS = EXPENSES
Low or high your income is, you need to make it a habit to save. Save on something that will discipline you. Save on something that will fight with you against temptation of withdrawal. Do not let yourself be tempted to use or withdraw your savings no matter how seemingly big your present problem is. Savings is meant to be forgotten. It has to be visioned for your long term goals. It has to earn money through constant value appreciation, and it has to earn money through rental if you opt to.
Set aside certain percentage of your income aside from savings to take care of your immediate and emergency needs. After 5 years of working if you don't want to see yourself falling on the same poor financial status then you must "SAVE." Its a must for people who wish to grow financially.
Top reason why everyone should invest in real estate:
-Capital php 2million what will happen after 5yrs-
1. Bank time deposit 1.5%/year so 7.5% income for 5years (So your 2million will become 2,150,000.00 in 5years time)
2. Mutual Funds/Stocks/Equities/Money Tree 27.5% interest for 5yrs based on IC result on July 2013: (So your 2million will become 2,550,000.00 in 5yrs time)
3. Real Estate. We earn on 2 categories:
A. Rental. House and lot with 2m price has 18k/month and up monthly rental so you will earn 1,080,000.00 in 5yrs through rental proceeds
B. Price Zonal Value appreciation. Normally 3-5yrs from the date of purchase of your house and lot the price will double as long as it is located in a progressive location. So after 5yrs it will become 4million but lets assume nga nahimo lang 3million para 101% more realistic.
Total income for 5years is 4,080,000.00 if you invest your 2million in Real estate. Its tangible and safe.
Now where do you wish to put your money if given a chance? Make more, earn more out of your money. Yes its very promising and high yet so safe and guaranteed.
