How To Save Money

Before anything else, please answer this question: What is one thing you want to be saving money for?

Let's do a little bit of computation.

If you are earning P10,000 per month, you are earning Php 120,000 annually. If you started working at the age of 20 and will stop working at the age of 60, you will be working for 40 years. If you multiply 40 years of work with P120,000, you get a total of P4.8M.

At the age of 60, you have P4.8M. What was your answer in my first question? Can you now spend this money for that?How much do you think it will worth by that time? Take note that you will get that P4.8M if you will save all your income every month for 40 years. Even if we triple your monthly salary, you will only get P14.4M  by the age of 60.

How much money do you actually save for your future? What are you saving for anyway?

The value of money is decreasing year after year. Compare what you can buy with P5.00 20 years ago to what you could buy with it today. I remember when I was still in elementary, the jeep fare was P3.50 (student rate) but now it's P7.00 (P6.00 for student rate). That's just around 10-12years ago.

How do you save money? By spending it wisely.

My point is: you don't need to save money, it will always be there. Don't worry, it won't die. What you need to save are your assets.

According to Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, an asset is anything that puts money into your pocket.

There is no such thing as a secure, stable job anymore. It's time to diversify your earning potential and learn financial literacy. Start a business. Invest. Take risks. Have the 1/2 probability of winning than 0% chance of succeeding. 

"But remember the LORD your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your forefathers, as it is today."

-Deuteronomy 8:18 (NIV)

Online Marketing

Most of the people I know knows how to use the internet. Being a computer science graduate myself, I've developed an interest in communications through social networks and blogs. Website development is not really my passion but it somehow helps having some basic knowledge in that area. 

Right after graduation, I became a business owner and have never been employed to this day. I get to go online most of the time both for business and pleasure. Becoming an entrepreneur after college called for a lot of adjustments because the academe has trained me to become a corporate slave. The people closest to me got disappointed because they expected me to get a job after getting my degree. I did apply to companies because I wanted to know how they test applicants to become employed. I undergone online tests, written exams and personal interviews. I've experienced the pressure of being under someone's mercy. I did get job offers but I turned them all down. What the heck was I thinking, right? 

Time and financial freedom.

Yes, I was thinking about my own freedom. Sorry for using the term "corporate slave" a while ago but that is how I view a person with a boss. Think about it. Employees are being paid for their time, effort, knowledge, creativity and obedience. How terrifying is it to hear the words: "you're fired!" after committing a mistake?

What's the connection of my story to the title of my blog? Better alternatives.

Did you ever realized that employment is not the only way to earn income? If you haven't, I'm telling it to you right now: There a lot of ways to earn income, not just from a job!

Online marketing is one way. This is for people who at least know how to use the internet and know the word Facebook. There are a lot of references available about starting to earn online. This blog was meant for me to earn through advertisements and links. It only takes a decision to start.

I've seen other people doing online marketing as a source of extra income, there's nothing wrong with that. If you are currently employed and wants to earn from this, I highly encourage it. 

Learning new skills and ideas does not stop after graduation. Learning is a continuous process. The more you learn, the more you earn. ;)