How do you invest your money?
By thatsjvl
@jvincent_129 (4994)
Philippines
August 9, 2012 4:55am CST
Having a job and working hard is not enough. You need to think of the big picture. The salary you earn at work could be just enough to pay the expenses. What you need is to save for the future or invest your money so that it will grow. Instead of working for the money, money will work for you.
How do you invest your money? This is a great discussion for those who are aspiring to earn money like me.
1 person likes this
15 responses
@ARIES1973 (11426)
• Legaspi, Philippines
9 Aug 12
Yes, I agree with you jvincent. We can earn more through investments. But we also need enough fund to be used and we can not get that amount in an instant. As of now, I am planning to save enough fund to start my own internet business. I also would like to invest online, but I have very little knowledge on this field so I am not including this as an option as of now. But I am not closing my doors to this option.
I hope somebody from our friends here could explain about online investments.
1 person likes this
@BetterDays4Me (3777)
• Philippines
28 Dec 12
I would suggest you could start with a very reliable site called IsmAdsIncome with a minimal investment, and you could get your initial investment back in the 4rth month and earn well on the 5th month and every month after that.
I have a study that shows that with a $100 investment in this site, you could get your initial investment back on the 4rth month with a little profit and on the 5th month you could start earning $170 and just keeps growing every month when you follow the system I have created. If you want to see the plan, you could pm me and I could send you the link for that. And of course you could invest less and still get back your initial investment on the 4rth month and start earning good monthly income from then on with the same system.
@jvincent_129 (4994)
• Philippines
9 Aug 12
Yeah. Thank you for commenting. I was also thinking about that. But I too have little knowledge on online investments. I don't have full trust on these ways to earn money. Would it be to invest money online? I am not familiar with that and I am very hesitant as of now. Would it be reliable and secure?
@suraj7nov (1736)
• India
11 Aug 12
i will say diversifying of portfolio is must,first i will advice insurance,because it will take care of yours and your family as well and after that anyone can invest in gold and if anyone having more money then he can invest in property
@jvincent_129 (4994)
• Philippines
22 Aug 12
I also had an experience with that with my auntie. An insurance company went bankrupt. Yeah. They should look upon the company very well before investing further.
@jvincent_129 (4994)
• Philippines
12 Aug 12
Yeah. That's the easiest. Every year you put your contribution in insurance in increases and you will benefit from it when you retire.
@pumpkinjam (8754)
• United Kingdom
9 Aug 12
I am sure that investing can be a good idea but, as you say, "The salary you earn at work could be just enough to pay the expenses." So, if it is, where would the money come from to invest? If I do ever have a little bit spare, I invest in a lottery ticket!
@BetterDays4Me (3777)
• Philippines
28 Dec 12
That is funny :) My uncle does go to the bingo house once in a while but never heard him say he won something there. LOL.
Anyway, before going into investments I think it's important to have enough savings which Tony Robbins called your 'security bucket' which you will get your investments from and if ever you lose some money in any of your investments, the security bucket which are your savings would be your backup money to help you recover from the loss.
Anyway, the second bucket would be called the 'growth bucket' where you invest your money for faster growth, and Tony Robbins talked about the power of compounding.
So the general plan is to first of all spend less than you earn and save money, then invest a certain amount every month for compounded growth. Tony Robbins said perfectly that nobody becomes rich by their salary alone, so investing becomes a necessity if we wanted to grow richer.
@BetterDays4Me (3777)
• Philippines
28 Dec 12
Unless you have the salary or talent fee of popular actors or actresses or probably doctors and highly paid professions, but I would say many of them do invest a part of their salary.
@jvincent_129 (4994)
• Philippines
9 Aug 12
Thanks for commenting. That's a quicker way in getting cash. hehehe I do sometimes go to the bingo house and play there. Just for fun and I am not addicted by it. It's dangerous to be addicted to those gambling games. In a moment, you could lose all the money you have, hehehe
@johnnykay (1056)
• Hungary
9 Aug 12
I would invest my money if I had extra money to invest! But all of my income has to cover up my needs, so I don't really have an investable amount of money! I'm working hard to earn more online and maybe one day I'll do some investments!
Have a nice day!
@jvincent_129 (4994)
• Philippines
9 Aug 12
Thanks for commenting friend. I am sure that we also aspire for that goal. Hopefully, we will reach financial freedom.
@BetterDays4Me (3777)
• Philippines
28 Dec 12
Yes, good luck to us all!
Concerning money to invest, as a starter if one can earn only about $5 to $10 a month in mylot or other free sites, then for 1 to 2 months time you could earn $10 which is the minimum investment amount to most investment sites I know of. If instead of using your mylot earnings for other things, you could choose 'if you want to' to start investing it. For example, you could probably earn $60 to $100 a year in mylot and that could be a good amount to start in investing online and if you have other sites that gives you similar earnings like that, then you could well be on your way to having a lot more investment money. I know this is not for everyone but for only those who would want to try to go into the world of investment which could entail some risk but also could give you the lifestyle you desire.
@jvincent_129 (4994)
• Philippines
28 Dec 12
Yeah sure. It involves risks. Everything involves risks.
@simplealvi (148)
• Pakistan
9 Aug 12
Every one working dreams about big money. Money is one of the reason that we have joined mylot. Moving forward and trying to have a better future is almost every one's dreams. How i invest my money it's a very hard question coz investing these days is very risky in my country, political situation is not good. there for i'm trying to find ways to invest online but looking for a risk free thing.
@csabaholcz (843)
• Hungary
9 Aug 12
Bad to hear...
I'm not in the best country too. My only luck is if I change dollars to my currency I win a lot!
@jvincent_129 (4994)
• Philippines
9 Aug 12
Hey guys. Thanks for commenting. Me also, I don't belong to a rich country. That's why I am trying my hardest to find ways to earn extra besides working. hehehe
@csabaholcz (843)
• Hungary
9 Aug 12
If I could get 1200 $ a month I wouldn't need to work and I would life in a luxury XD
@simplepleasures (282)
• Philippines
9 Aug 12
I will invest my money in the stock market. I am an economics student so somehow I have an idea on what to look out for in that chaotic market.
I am doing this as early as now because I have so many material goals and I am hoping to achieve them as soon as possible.
My father will lend a considerable amount for my initial investment. Hopefully everything will work out.
I am doing some research on the companies I am eyeing to invest for.
How about you, where are you planning to put your money?
@jvincent_129 (4994)
• Philippines
9 Aug 12
I haven't really considered investing a lot of my money yet. A lot of my savings is deposited in my bank account. Some of it I invested it on business that my father has, helping him with the capital. I really wanted to study more on the stock market. I really want to make sure that I have knowledge before I invest in these stock markets. I know there is also a risk on investing money on stocks. But you have to be a risk taker sometimes.
@jvincent_129 (4994)
• Philippines
10 Aug 12
Thank you for sharing. I'll research this in the internet. He has an electrical/electronic repair shop. I am helping him with the capital so that I can also get something from it. It's just a small shop but it's doing quite good.
@simplepleasures (282)
• Philippines
10 Aug 12
In my perspective, there really is little or no risk in investing in stock markets as long as you know what you are doing and where you are putting your money.
My personal strategy is to invest on a blue chip company that has already established its name for several years and has proven it self to profitable for a long time.
I can see you are from the Philippines as well. If you are interested in investing in stock markets, I would advice you to choose from the companies listed on PSEi (Philippine Stocks Exchange index). These 30 companies are all blue chips and are expected to be profitable for a long time in the future.
By the way, may I ask what kind of business your father has?
@scheng1 (24649)
• Singapore
9 Aug 12
Hi Jvincent, you can only invest in your knowledge, than you can succeed in growing your money.
If you are just earning enough to pay off expenses, then the next step is to gain in knowledge to advance your career.
It is easier to save money when you are making double your current salary.
After that, learn to save every single cent.
Do not even spend a single cent on unnecessary thing, not even a cup of coffee outside of house.
The last is investing for future.
If time permits, learn about all different forms of investment.
If not, at least learn about stock market or real estate.
@scheng1 (24649)
• Singapore
10 Aug 12
Hi Jvincent, I do not know how good your financial knowledge is.
The fundamental is to gain knowledge of accounting and finance, so that you can read the accounts of listed company, and you understand the basic concept of interest rate, compound interest, taxation and others.
You can take up a diploma course to force yourself to study all about it.
If you just read books, you may not understand, and you do not have a teacher to guide you.
I guess the diploma will also help you in your career.
You will never see a top management person without basic knowledge of accounting and financial term.
@jvincent_129 (4994)
• Philippines
11 Aug 12
Thank you for the advice. Yes, my course is engineering and I will try if I have spare time to read books about finance and accounting. Thanks.
@jvincent_129 (4994)
• Philippines
10 Aug 12
Yeah. That's what I need to do. Gain more knowledge so that I may increase in value. In turn, my salary will also increase. I also practice not to spend on unnecessary things except my basic needs.
What I'm looking at is investing for the future. I want to learn different forms of investments. Maybe I can start at little things. What do you suggest? Would you share your experiences? Thanks a lot.
@airasheila (5454)
• Philippines
10 Aug 12
good day jvincent_129,
with regard to your post, well, you have really a point on there. that, instead of working too much for the money, then let your money work for you. and you are right, it is thru investment. in our end here, you can choose some good investments, the only thing is, you must know what will fit according to your preference.
@jvincent_129 (4994)
• Philippines
10 Aug 12
Yeah. I wanted to find a business that would fit my interest and also is not very risky. I can start small and eventually grow into a big business. I am still a newbie so I need an investment which is worthwhile but not very high-risk. Thanks for commenting.
@AgentGulaman (3546)
• Philippines
20 Jan 13
How do I invest in money? Simple, by not thinking about money. I just don't value money much and never let it control me making me independent of it. Once I have that mentality that money isn't everything, I can invest freely and confidently without affecting my life. Many people value money too much that they usually end up not investing and not risking. That would be the downfall of never letting your money work for you. That's the simple rule I follow in how I invest my money. Money isn't everything so you just as well use it to a lot of different things like investing.
@AgentGulaman (3546)
• Philippines
21 Jan 13
Life in itself is a risk. When you got out for an activity, you risk injuring yourself. When you go commute or drive a car, you risk getting an accident. When you talk in front of a lot of people, you risk getting embarrassed. But that's the way life is. Risk is inevitable. Much like in investing. However, what we do in life not to get injured, meet an accident or get embarrassed is the same concept of what we should do in investing. That is, to minimize or control the risk which should more or less lessen the undesirable occurrences. But still, you cannot completely eliminate the risk. All you can do is minimize and control.
@jvincent_129 (4994)
• Philippines
20 Jan 13
Yeah. The truth is that investing is a risk because you won't know what will happen. There are no assurance and things can change quickly. Like doing business, it is a risk because you won't know how your business will do against competitors. You can only do is prepare and see which way is most likely to succeed.
@jvincent_129 (4994)
• Philippines
28 Jan 13
Yeah. Great point. Try your best and hope for the best.
@wowash95 (81)
•
10 Aug 12
Hey there :)
Well, investing money doesn`t sound bad at all, As you said, you need to think of the future that`s ahead of you. Problem about investing nowadays is that too big percentage of world`s population is living in poor or undeveloped countries. Let`s take Bosnia for example (i`m in it :/). The salary here is big enough to cover the expenses and all you have left is just some money you cannot do much with. I hope that problem will end with the World crisis. Anyway, if someone has got an idea for investing low amount of money, let me know :D
@jvincent_129 (4994)
• Philippines
10 Aug 12
That's what I am thinking of. I wanted to invest money in a low risk way. I am finding ways where to put my money so that it'll grow as I am working. I am not yet ready to indulge in big money investments yet.
@girl_thinking (1959)
• Philippines
6 Jan 13
Hi again jvincent, I've accepted your friend request and now I am checking your discussions that's why you'll see a lot of me. Haha
This discussion particularly interest me because I have just finished reading Financial Self-help book entitled "Wealth Within Your Reach" and "Make Your Money Grow" by Francisco Colayco. I recommend these books. Very easy to read and so informative.
Anyway, I think before we invest money, we need to make sure that we have enough savings to invest. This year, I am planning to start investing in Stock Market and maybe I will venture into Mutual Funds. I am also interested in Government Treasury Bills. But I want to make sure that I am knowledgeable on this things before I enter them. That is why I search online for free seminars about investment.
Of course, bank savings will never be off the list though I will probably make it my virtual wallet for my expenses since it doesn't really "grow" your money. Oh and yeah, if I still have the funds, I might take one of those financial plans my colleague has been offering me for years now
I will take one step at a time. Hopefully I will get to where I can say I am financially free and officially retire from being an employee
@jvincent_129 (4994)
• Philippines
7 Jan 13
I am trying also to see possible investments but as you said, I don't have enough savings to invest. Maybe I can invest small but for all that effort I will also gain small because I invest small. I am working right now and it's kind of hard to give time to that part of my plan.
@Kamikadze (8)
• Poland
14 Jan 13
I can recommend a BannersBroker. It is an affiliate program is not an investment program. But I give great opportunities to make money. You have to make a deposit but a large company growing so fast. Currently, I think one of the better programs.
@jvincent_129 (4994)
• Philippines
14 Jan 13
Yeah, really? I think you have earned a lot already. How do you earn in this site? You sure this is legit?
@wagkangmakulit (69)
• Philippines
10 Aug 12
Try to have more knowledgeable on stocks. It will give you money when time comes. Investing on stocks is better than in banks, more interest and for sure you will retire early. But this is not money will work for you type. If you want money to work for you, you need to think of business which you can earn faster and larger. Stocks Investing is for your future retirement and you can use it to build business. HAve a great day
@jvincent_129 (4994)
• Philippines
10 Aug 12
Thanks for the advice. I really wanted to have a business of my own. But lately I haven't got time for it.
@sunshinefame (287)
• Philippines
21 Aug 12
Hi JV, my friend invest their money by buying lots (good investment hence every year lot increases its value); or others used it in money lending business, as for me I invest my money to my kids education, Being a father mother to them, for me this the cutest investment I know. it will not fade or lost. :)
@jvincent_129 (4994)
• Philippines
22 Aug 12
Yeah. Education is an investment that can't be taken away from anybody else. We can do a lot of investments not only by money. We can invest in our education, health and appearance. Like investing in learning, so that you'd be more marketable to the companies when working.
Buying lots are good because you can do whatever you want with these. You can generate businesses like planting crops and plants, building a apartment for renting, and setting up a food business or whatever.
I think you are in the Philippines, and how much does an empty lot cost these days?
@jvincent_129 (4994)
• Philippines
9 Aug 12
Yeah. I have to research on these kinds of companies and do my own background check. Before I put money on these companies I have to know them better. Have you tried it? Share your experiences.