The most difficult…

Somewhere in the video below, one line especially caught my attention. The billionaire (majority) owner of the Philippine’s largest online stockbroker, Edward Lee, who was being interviewed by FQMom Rose Fres Fausto, said this:  the most difficult is making your first million! (I’m not sure I quoted him right, go just watch the video below to validate). Therefore, the next millions are easier!

Powerful insight, right? But here’s what I have just realized. When you don’t have that much money yet (at least a million), the most difficult even is to finally start investing!

That’s my experience. It took years for me to finally open my own investing account. And a few more years for me, with the consent of my kids, to open two separate accounts for each of my #2daughters.

In my hope to find a magic pill to overcome this inertia and encourage more parents and kids to jump start investing ASAP, I sent some questions (luckily featured in 6:30 minute of the video below) when  the FQMom shared she got an opportunity to interview Mr. Lee who has over four decades of investing experience. 

Did I finally find the magic pill? Watch this insightful episode to answer my question.


Watch: FQ Live! Episode 10: Myopic loss Aversion
(sourced from YouTube, FQMom’s page, and Philippine Star article)


[How crazy can we get? We put more weight on pain over gain and we prefer sure wins; yet we cross the street directly facing the huge “Nakamamatay” warning sign, we bet on lotto tickets despite the 5M probability of winning. More explanation in the article and video from the FQMom]
 
 

Postscript 1/3: To the FQMom and FQSon Enrique(an investor himself since birth together with his 2 brothers) and their team: Thank you for repairing the lost portions of the answers to my questions!

Postscript 2/3: Including also here the playlist of FQ Live! (Link not yet available; to follow)

Postscript 3/3: For everyone interested: You can experience an easier way to invest!  Why not get the guidance of Trulyrichclub that receives mentorship from Mr Lee himself? 

Total Cash “Payment” (to yourself). How bank payment slips can help both kids and the not-so young?

Sa tingin ko, mahusay na idea na gamitin n’yo ang payment slips ng mga banko sa paglagak ng inyong savings para sa inyong investment accounts.

Ang dahilan ay mas mauunawaan ninyo ng husto ang konsepto ng pagbabayad muna sa sarili (pay yourself first kung tawagin sa Ingles; nabanggit din yan ni FQ Mom Tita Rose sa kanyang mensahe sa inyo).

Sa totoong buhay kasi, maraming tao ang madalas magbayad sa iba pero kinakalimutan at hindi binabayaran ang sarili.

Andyan ang bayaran nila ang mga may-ari ng Meralco (kuryente), Maynilad (tubig), bahay (na inuupahan o hinuhulugan), mga gumagawa at nagtitinda ng pagkain, mga nagbibigay ng serbisyo tulad ng tsuper ng jeepney at tricycle. Pero ang sarili hindi binabayaran.

Kasakiman ba na bayaran ang sarili? Continue reading

Daloy ng pera

Dumadaloy ang pera kaya madalas tawagin itong “cashflow.”

Masayang isipin kung dumadaloy ito patungo sa’yo (inflow). Pero kung bumabaha ang paglabas ng pera (outflow), puwede maging miserable ang buhay ng isang tao.

Journal

Dahil marunong na kayo magsulat ng journal, may nahanap ako pwede n’yo magamit para sa inyong intentional awareness ukol sa pagdaloy ng grasya kahit allowance (at kaunting EARNings) pa lang yan sa ngayon.

Madali lang kasi “fill in the blanks” lang s’ya.

Pwede n’yo itong balik-balikan para makita ang inyong progress habang tumatakbo ang panahon. Ang totoo, malaking bagay din sa akin ang journal na ito. Hindi lang kasi s’ya pambata.

Kung seryoso ka sa tinatawag na financial stewardship (pangangalaga ng pinansyal na grasyang kaloob ng Maylikha sa atin), maige na balik-balikan ang fill-in-the-blanks na journal na ito.

I-click (sa ibaba) para makita ang Journal:

  • Nagalak ka ba sa pinagkagastusan mo kamakailan? Bakit?
  • Alin sa mga ginastusan mo ang pinagsisisihan mo ngayon? Bakit?
  • May spending habit/s ka ba na kailangan i-improve? Paano ang plano?
  • Paano ka pa makakapag-save?
  • Kapag malungkot(naiiyak)ka o masama pakiramdam mo, ano ang mga mabuting bagay na maari mong magawa na hindi mo kailangan gumastos ng pera?

Continue reading

From the FQ Mom – to Ate and Bunso

$$$$$$$

Minsan, mahirap maniwala kapag walang nakikita kahit pa totoo ang mga “principles” na naririnig natin. Yan ang mahirap sa journey, kailangan mong maging visionary (parang yung Makati City lang, dati mga talahiban yan, pero yung mga nakikinabang dyan ngayon, nakita nila na yung bawat talahib na yun, matataas na gusali! at yung pinagsama-samang mga talahib, financial center ng bansa!).

So, tayo andoon pa tayo sa “Journey.” Sa totoo lang di talaga nagtatapos yan until the eternal kingdom is established. And we do not know when that will happen.

Sometimes lang

Ako kasi aminado din na minsan (kung hindi man madalas – at kung madalas man, gaano kadalas ang minsan? whatever!) sinasabi ko “to see is to believe!”

Kung medyo nakakalula pa rin yung pinaka-guiding principles natin sa ating financial literacy journey, may mga pinakiusapan (inistorbo, kinulit, kinalampag, ini-stalk — syempre in a nice way) akong mga tao na napagdaanan na itong journey natin para maging role models natin. Kulang kasi ang lifetime ng isang tao para makamit lahat ng magagandang accomplishments ng iba. So better learn from their experiences – nakakadagdag sila sa karunungan mo sa pinakamaikling panahon. Continue reading