ENTRY NUMBER 10: INVEST FOR THE LONG TERM
As the saying goes, It's better to start early..... it is for the fact that "TIME IS GOLD"...
For the past 9 entries pinagtuuan natin ng pansin po ang pera as a valuable asset... Alam naman natin na ang pera ay parte na ng ating buhay...
Ngunit bukod sa pera ay may isa pang mahalagang bagay na dapat nating i consider ... and that is TIME.....
THIS IS BECAUSE OF THE REALITY THAT MONEY CANNOT BUY TIME...
The principle of working smart is not complete without the term "MONEY WORKS FOR YOU"
Just like having a job, you must work at least 8hrs a day to have a paycheck....
Same goes with money....
MONEY NEEDS TIME TO GROW
Let me give you a story:
There are two friends
Let's name them Berting and Jonas
Both of them are employees.....
Berting at an age of 25 sets a part of his income (2,000PHP a month) and invested it in stocks on good solid companies......
Berting being a concerned friend tried to convince Jonas to do the same
Jonas on the other hand said "Tsaka na lang bro, maliit pa lang sweldo ko eh" (LATER BRO, MY SALARY IS NOT ENOUGH)
Because of this, Berting continued to invest for the next 10 years... on the 11th year, he retired from his work and became a charity worker... Berting did not invest since then.
On the other hand Jonas 10years after Berting convinced him to invest decides to do the same
He got promoted a number of times and became a manager.
He started investing at an age of 35 and invested in the same manner as Berting ..... only in a bigger amount (6,000PHP a month) for the next 31 years until he retired at 65
When both meet up at age 65, Who do you think has earned more?
Remember that Jonas invested 3 times more than Berting
Another thing is that Berting invested for only 10 years compared to Jonas investing period of 31 years.....
REMEMBER WHAT I SAID... TIME IS YOUR GREATEST ASSET......
SO HERE ARE THE RESULTS.....
ASSUMING THEIR INVESTMENTS GROW 20PERCENT A YEAR (ginawa ko po ito as realistic as possible)
Jonas total investment in 30 years (that's a long long time my friend) is 1,080,000PHP .... WOW!!!!!!
and at age 65 his money grew into almost 51 MILLION PESOS quite huge isn't it
Berting's total investment in 10 years is 240,000PHP but at age 65 his money grew to an astounding 177 MILLION PESOS!!!! ALMOST 3 TIMES LARGER.....!!!!!!!
Mukang hindi ninyo ako pinaniniwalaan noh? If you want to see the actual numbers i could share it to you =)
(JUST FILL OUT THE FORM BELOW, IT'S AN EXCEL FILE ACTUALLY SO THE FORMULAS ARE ALSO THERE para sa mga technical people dyan.. hehehe!!!)
THAT'S HOW TIME WORKS....MORE TIME FOR YOUR INVESTMENTS TO GROW......
I hope you get my point.....Financially free people earned their incomes and fortunes in time....
Ibig sabihin po hindi sila yumaman sa isang iglap lang.. FRIEND..... DO YOU USE YOUR TIME WISELY????
For the past 9 entries pinagtuuan natin ng pansin po ang pera as a valuable asset... Alam naman natin na ang pera ay parte na ng ating buhay...
Ngunit bukod sa pera ay may isa pang mahalagang bagay na dapat nating i consider ... and that is TIME.....
THIS IS BECAUSE OF THE REALITY THAT MONEY CANNOT BUY TIME...
The principle of working smart is not complete without the term "MONEY WORKS FOR YOU"
Just like having a job, you must work at least 8hrs a day to have a paycheck....
Same goes with money....
MONEY NEEDS TIME TO GROW
Let me give you a story:
There are two friends
Let's name them Berting and Jonas
Both of them are employees.....
Berting at an age of 25 sets a part of his income (2,000PHP a month) and invested it in stocks on good solid companies......
Berting being a concerned friend tried to convince Jonas to do the same
Jonas on the other hand said "Tsaka na lang bro, maliit pa lang sweldo ko eh" (LATER BRO, MY SALARY IS NOT ENOUGH)
Because of this, Berting continued to invest for the next 10 years... on the 11th year, he retired from his work and became a charity worker... Berting did not invest since then.
On the other hand Jonas 10years after Berting convinced him to invest decides to do the same
He got promoted a number of times and became a manager.
He started investing at an age of 35 and invested in the same manner as Berting ..... only in a bigger amount (6,000PHP a month) for the next 31 years until he retired at 65
When both meet up at age 65, Who do you think has earned more?
Remember that Jonas invested 3 times more than Berting
Another thing is that Berting invested for only 10 years compared to Jonas investing period of 31 years.....
REMEMBER WHAT I SAID... TIME IS YOUR GREATEST ASSET......
SO HERE ARE THE RESULTS.....
ASSUMING THEIR INVESTMENTS GROW 20PERCENT A YEAR (ginawa ko po ito as realistic as possible)
Jonas total investment in 30 years (that's a long long time my friend) is 1,080,000PHP .... WOW!!!!!!
and at age 65 his money grew into almost 51 MILLION PESOS quite huge isn't it
Berting's total investment in 10 years is 240,000PHP but at age 65 his money grew to an astounding 177 MILLION PESOS!!!! ALMOST 3 TIMES LARGER.....!!!!!!!
Mukang hindi ninyo ako pinaniniwalaan noh? If you want to see the actual numbers i could share it to you =)
(JUST FILL OUT THE FORM BELOW, IT'S AN EXCEL FILE ACTUALLY SO THE FORMULAS ARE ALSO THERE para sa mga technical people dyan.. hehehe!!!)
THAT'S HOW TIME WORKS....MORE TIME FOR YOUR INVESTMENTS TO GROW......
I hope you get my point.....Financially free people earned their incomes and fortunes in time....
Ibig sabihin po hindi sila yumaman sa isang iglap lang.. FRIEND..... DO YOU USE YOUR TIME WISELY????
HOPING FOR YOUR FINANCIAL SUCCESS
WILLIE VERIDIANO JR.
WILLIE VERIDIANO JR.