*Contributed by Amy Nickson.
One day, your little child will face the big world all alone. As a parent, it’s your responsibility to inculcate good money lessons in them. Teach your children as to how they should manage their money and why money management is important.
How can you help your kids to become financially responsible? It is easy: Have a look:
1. Help them find a job
Children need to know that money is not easy to come by. Discuss with them why they need to work. This way they will understand the value of money and where the money comes from.
How can kids make money? Kids can make money by babysitting, starting a lemonade stand, car washing etc. But, these involve more direct money. So, the best ways in which your kids can make some money are by helping you out with your household chores. You can ask your kids to help you in cleaning the house, cooking and washing. In return, you can pay some money to your kid.
If your child loves pets, you can also allow your kids to do pet sitting or they can also become a dog walker. This is a great job for earning a little money.
2. Give them a piggy bank
You must encourage your child to save money. Tell them the importance of saving money . Gift them a piggy bank and tell them to save whatever possible.
3. Discuss financial goals with kids
Explain to your teens why it is important to set financial goals. Help them work out how much money they need to put away for achieving their goals. You can also discuss with your young adults regarding their short-term and long-term financial goals. Discuss with your children how much allowance they should spend each week and how much they must put towards short and long savings. Ask them to save money for charity as well. [Read more…]
If you’re looking to get a loan, it helps to know what you plan on using it for. There are several types of loans available in the country, ranging from something that simply adds to your current funding based off of your salary, or something that requires a lot more thinking like a business loan.
It’s important to understand your options and the risks involved when borrowing money. Most loans fall under two distinct categories: Unsecured and Secured.
Secured loans require collateral, which will be used to pay back the amount borrowed should you default on the loan, while Unsecured loans require no collateral but have a higher interest rate in order to ensure prompt payment.
*Ang article na ito ay naglalaman ng affiliate links.
Ilang linggo na nakalipas, ang isang reader ko ay nagsend sa akin ng email at nagtanong siya tungkol sa pag-invest sa mga stocks na nagbibigay ng dibidendo. Dahil gusto ko din ang long-term o pangmatagalang dividend growth investing (kaysa sa trading, market timing, at panghuhula o speculation sa paggalaw ng stocks), sinubukan so siyang tulungan hanggang kaya ko. Sa huli, ang payo ko sa kanya ay dapat niya itong pag-aralan ng kusa dahil ang mga experto na nagsusulat ng mga libro tungkol sa investing ay may mas-marami at mas-mabuting kaalaman at detalyeng maituturo sa kanya kumpara sa masasabi ko sa iilang email.
Ganoon pa man, kung gusto mo ring matutunan ang ilang bagay tungkol sa pag-invest sa dibidendo, eto ang sampung aral tungkol sa dividend stocks na kailangan mong malaman ngayon.
*This article contains affiliate links.
A few weeks ago, one of my readers sent me an email asking about investing in dividend stocks. Since I prefer long-term dividend growth investing myself (as opposed to trading, market timing, and speculation on stock movements), I’ve tried to help her as much as I can. In the end, however, I still advised her to study on her own as the experts who write investing books will have more and better insights and details than what I can give in a couple of emails.
In any case, if you want to learn a bit about investing in dividends, here are 10 lessons on investing in dividend stocks that you should learn now.
Noong kabataan ko, naaalala ko ang isang nilaro kong role-playing game na tinatawag na Fable 2. Kahit medyo komplikado ang kwento nito, ito’y karaniwang RPG kung saan kinukumpleto mo ang mga quests, sumusugod ka sa mga kalaban, at nagliligtas ka ng mga baryo at siyudad. Ang isang bagay na may malaking impact sa akin ay bukod sa paglaban sa mga halimaw at pagresolba ng mga quests, pwede ka ring “magtrabaho” (mga minigame) at bumili ng mga tindahan at negosyo para kumita ng pera.
Sa simula ng laro, ang “gold” (pera sa game) ay mahirap makuha kaya hindi ko palaging mabili ang pinakamalalakas na sandata at armor. Kapag naipagpatuloy mo ang laro, saka lalabas ang mga trabaho gaya ng bartending (barista) at blacksmithing (panday). Kaysa lumaban sa mga halimaw at magpatuloy ng kwento, ilang ORAS ako sa mga “trabahong” iyon para makakuha ng pera. Matapos makaipon ng ilang libong gold, hindi ako bumili ng bagong sandata o armor. Bumili ako ng tindahan ng gulay at iba pang tindahan na kumikita para sa akin ng kaunting gold kada sampung minuto.
Sa pagdaan ng oras at pagdami ng kita mula sa mga tindahan, inipon ko ang kinita ko at nagpatuloy ako sa blacksmith para makabili pa ng MAS MARAMING tindahan. Pagdaan ng panahon, kumita ako ng ilang daan hanggang ilang libong gold kada sampung minuto sa laro. Pagkatapos ng ilan pang oras, kinaya ko nang bumili ng mga malalaking negosyo na ilang milyon ang presyo gaya ng mga taverns at blacksmiths at malaki ang naidagdag nila sa aking kita kada sampung minuto.
Ano ang susunod na nangyari? Iniwan ko muna ang laro para gawin ang aking homework, magbasa sa internet, atbp. Noong pagbalik ko, ang mga negosyong binili ko ay kumita ng ilang libong gold na ginamit ko para bumi ng pinakamalalakas (at pinakamamahaling) sandata at armor. Ang paglaban sa mga halimaw at pagligtas sa mga siyudad ay naging napakadali na noon.
Bakit ko kinuwento iyon sa iyo? Simple. Kapag natutunan mo ang mabuting paghawak ng pera, magiging napakadali din ng iyong buhay. Isipin mo lang. Hindi mo na kailangan pang mag-alala tungkol sa biglaang emergency at kung paano magbayad ng mga bayarin dahil may pera ka para sa kanilang lahat. Malaya ka mula sa nakakasakal na utang dahil binayaran mo na silang lahat at marunong kang umiwas sa karagdagang utang. Malaya ka para maghanap ng mas-mabubuting trabaho, negosyo, at iba pang oportunidad dahil may ipon ka para sa kanila. Higit sa lahat, hindi mo na kailangang mag-alala pa tungkol sa mahirap na pagkayod sa trabaho, matatagal na commute, at masasamang amo at malaya ka para sundan ang iyong mga layunin at pangarap dahil ang mga investments mo ay nagbibigay ng matibay na pangkabuhayan para sa iyo at sa iyong pamilya. Kahit ang pera ay hindi ang pinakamahalagang bagay sa mundo (ito’y kagamitan lamang na magagamit para makagawa ng mga bagay), ito’y makakatulong sa iyong buhay kapag ginamit mo itong mabuti.
Hindi ba mabuti iyon? Posible lahat iyon kapag natutunan mo ang tamang paghawak ng pera. Kung gusto mong matutunan ang basics ng personal finance, ipagpatuloy mo lang ang pagbabasa. Ito’y napakabuting simula ng iyong paglalakabay.
When I was younger, I remember playing a role-playing game called Fable 2. Although the story is a bit complex, it’s a typical RPG where you go on quests, fight enemies, and save towns and cities. One thing that had an impact on me is that aside from hunting monsters and completing quests, you can also do “jobs” (minigames) and buy stores and businesses to earn money.
At the start of the game, “gold” (the game’s currency) was difficult to obtain so I couldn’t always buy the best weapons and armor. Later on the game, however, some jobs like bartending and blacksmithing became available. Instead of fighting monsters and continuing the story, I literally spent HOURS on those “jobs” to earn money. After saving up a few thousand gold, I didn’t buy any new weapons and armor. I bought vegetable stands and street stalls which earn a few gold every 10 minutes.
As time passed and those stores earned money, I saved the profits and continued at the blacksmith job to buy even MORE street stands. After a while, I started earning a few hundred to a few thousand gold every 10 minutes in the game. Later on, I was able to buy the big businesses that cost millions each like the tavern and the blacksmiths and they added even MORE to my 10-minute income.
What happened then? I just left the game on for a bit to do my homework, browse the internet, etc. When I returned, the businesses I bought earned thousands of gold which I used to buy the best (and most expensive) weapons and armor available. Hunting monsters and saving cities then became laughably easy.
Why did I tell you that story? Simple. When you learn how to handle money wisely, life will also become much easier. Think about it. You no longer need to worry about sudden emergencies or how to pay the bills because you have enough money for all of them. You’re free from soul-crushing bad debt because you’ve already paid it all and you know how to avoid them. You’re free to pursue better jobs, businesses, and other opportunities because you have more than enough money saved for all of them. Best of all, you no longer need to worry about the 9-5 grind, long commutes, and terrible bosses and you’re free to pursue your life’s goals and dreams because your investments earn a steady cash stream for you and your family. Although money isn’t the most important thing in the world (it’s just a tool you can use to do things), it can certainly help you in life if you use it well.
Doesn’t that sound nice? It’s all possible when you learn to manage money wisely. If you want to learn the basics of personal finance, then keep reading. This will be an excellent start for your journey.
Maraming taon na ang nakalipas, naaalala ko noong sumali ako sa isang forex trading seminar dati. Ang guro ay nagturo ng pangunahing kaalaman o basics tungkol sa kung paano gumagana ang pagtrade ng currencies. Ang ilan sa mga natutunan namin ay kung paano gumagana ang markets, paano naaapektohan ng news at ekonomiya ang exchange rates, at iba pang aral gaya ng kung bakit magkaiba ang buy at sell price ng currency pairs (“spread” ang tawag dito), paano gamitin ang MT4 program, atbp. Ang event ay nagtagal hanggang gabi dahil sa dami ng itinuro sa amin. Mas-mahalaga pa ang seminar na ito dahil sa kung ano ang natutunan ko mula sa mga nakausap ko pagkatapos.
I remember joining a forex trading seminar several years ago, and the instructors taught the basics of how trading currencies work. Among the lessons we learned were how the markets work, how news and economies affect exchange rates, and other lessons such as the difference between the buy and sell price of currency pairs (it’s called the “spread”), how to use the MT4 program, and more. The event lasted well into the evening due to the amount of information that was taught. It was even more educational because of what I learned from the people I talked to afterwards.
Stress sa trabaho, mga babayarang gastusin, at napakarami pang problemang lumilitaw araw araw. Ang lahat ng ito ay parang nakakapagpawala ng pag-asa sa buhay. Malamang maiisip mo rin na kung ano man ang mayroon ka ngayon, buhay na isang kahig isang tuka, ang tangi mong makakamit. Maiisip mo din na ang mediocrity, pagkabigo, at pati kahirapan ay normal.
Hindi totoo iyon.
Ang DAPAT mong makamit at ang NAKALAAN para sa iyo sa buhay ay kayamanan at tagumpay. Karapatan mong yumaman, at gaano mo man isipin na hindi ito totoo, ito’y nararapat sa iyo kapag pinagsisikapan mo ito. Alalahanin mo ang mga quotes dito kapag ikaw ay nagdududa pa.
Stress from work, bills to pay, and all sorts of problems popping up every day. All of them can make life seem hopeless sometimes and you probably think that what you have now, a life living paycheck to paycheck, is all that you’re ever going to get. You could even think that mediocrity, failure, and even poverty are all normal.
Well, they’re not.
What you SHOULD have and what you’re DESTINED to have is wealth and success. It’s your right to be rich, and no matter how much you think otherwise, you are deserving of it as you work to earn it. Remember these quotes if you ever start to doubt that.