“Every day is a bank account, and time is our currency. No one is rich, no one is poor, and we’ve got 24 hours each.” –Christopher Rice

For all those years that you’ve spent your time working in an office, in a squared-type cubicle, and sitting there the whole day to finish your tasks,

Or if you’re a student, for all those years that your mom or your dad or whoever gives your allowance for your weekly expenses in your school,

How much did you save, as of now?

Or, I’ll ask it the other way around.

How much is your total expenses, as of now?

If your expenses are WAAAY bigger than your savings, then definitely it is not okay.

BUT, if your expenses are way bigger AND you DO NOT HAVE SAVINGS for yourself,

Then you really have to do something about it.

Saving and budgeting your money is important in each and every one of us. Expenses will always be unstable, unpredictable, and worse, it will gradually or abruptly grow especially for cases that require special attention such as health issues, basic needs, and other important expenses in the household.

Relying alone on your salary, or in your allowance, would not suffice, I tell you.

If you really want to secure your financial standing in the future 5-10 from now, you have to plan and make necessary investments. Though saving in a bank is good, but I would prefer you to properly manage and put your money into something that your money will grow years from now you started saving until the day that you will actually enjoy the benefits of it.

How will you start? Firstly, it is important that you have the knowledge regarding the different investments available. Read books about it, or if you’re not into reading, watch Youtube videos about it, or try audiobooks around it while driving, or ask people who are experts on that field such as a financial advisor to guide you regarding it; resources are there, you just have to grab which suites you the best.

As for the investments, there are 3 things that you would want to know before investing:

  • It is important that you have money to shell out SEPARATELY from your other investments. Don’t put all of your eggs in one basket. Secure and manage your money into their different expenses so that your other money won’t be affected from your other investments.
  • Invest only on what you can potentially save. It doesn’t matter how little or small that amount is, through time you will just be surprised on how already big it is. Better having it small than having nothing in the long run.
  • If you can’t really help yourself from spending, then you might consider having a part time job or think of ways on how can you have a passive income to cover it for you. Be a wise spender.

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” –Robert Kiyosaki