The Spender, The Saver and the Investor

Tweet

Hi guys. As from the book that i have read. there were three type of people in the world when it comes to money. The spender, the saver and the investor. When you are an employee and if you worked in a sales department, its easy for you to get an incentive each month if you worked hard to reach and hit your target. And here is the scenario. I have co workers that will be my example for these three types. Melvin, the spender. Edu the saver and Arturo, the investor. it's the 15th day of the month, and of course this marks the PAYDAY. and the month where incentives are paid. and every sales person who hit their target last month was so excited to receive the fruit of their hard work. and let's say that all have same amount of incentives received and they got 50,000.00. Time came, and all of the three got their money. the spender. when melvin withdraw his money from the atm. of course he was so happy. he went to Shopping Mall, bought a new watch worth 7,000.00, bought pair of shoes worth 3,000.00. went to the restaurant to treat his family for dinner and spend 8,000.00. went to a bar to treat his friends, spend 5,000.00. went to boracay to have a vacation with his girlfriend and spend 22,000.00. and after his vacation, he just realized that he has only 1,000.00 in his pocket. a thousand to spend before the next payday will come. the saver. When Edu knew that the money was in his account. withdraw it and went directly to his bank. greeted the security guard and when he reach the table of the beautiful teller with pride, "Miss, i have 50,000.00 here, and i have no plans to use it for 20 years. can i time deposit it?". The beautiful teller answered, of course sir". and Edu went home so happy, because he knows that after 20 years he will have money to withdraw. the investor When Calvin, knew about it. Of course, he is happy and also calm about the money. because he is a financial literate and knew that why banks are so elegant when you entered its because those money who were time deposits to them where used to invest in the stock markets. and why do i need to deposit it if they also do investing. and so he signed up to a credited stock broker and invested his money for 20 years. now here is the final scenario after 20 years. Melvin, without a changed in his attitude for over 20 years became broke and only asks money to his children. and became a burden to them. Edu and Calvin, accidentally met to the same bank after 20 years. Edu was still with pride and ask the same beautiful teller after 20 years, "Miss, how much did I my 50,000.00 earned after 20 years?". Your money grew for 400,000. And Calvin ask also how much his money grew after he sold his sharing in stock market. the beautiful lady teller, after doing something in her computer. and finally answered, "based on the computations of your stock market broker, your money that you are withdrawing is 2,000,000.00. your money grew for 8 - 12 percent per month. Edu went home happy. and Calvin went home the Happiest. Just sharing this to you. that the early we became financial literate, at the end of it. it will be us laughing, spending quality time with our family, not a burden to our children. take note, to be more rich is to share the blessing to the poor. that everyone of us deserves to be rich and wealthy. you'll be the one to chose your path. better to choose wisely. -carpe diem