Our 2015 goals include two very important things: life insurance and heath cards. These are non-negotiables. The hubby and I have to get them this year or never. We’re actually very late; we should’ve gotten them a long time ago. But you know, we weren’t as prepared then as we are today.
How come we are invested in various instruments (e.g. stock market, UITF, and RTB) and yet we don’t have life insurance and health cards? I don’t have a very clear answer for this. Perhaps, we procrastinated. Or maybe, we just felt we didn’t need it just yet (I know, how foolish!). Or I guess, I’d justify it by saying we needed enough time to think as to which life insurance and health cards suit our needs.
Continue reading “Weighing Our Options: Life Insurance and Health Cards”
When I’m committed to doing something, I can get very impatient. In my quest for financial freedom, for instance, I can’t wait to achieve my financial goals. I think I’ve had an overdose of personal finance articles and blogs online because I suddenly had this urge to open new investment accounts right away. But of course, it’s impossible for me to do so due to insufficient funds at present.
I’ve never been good at this! (Image Source: http://avidinvestorgroup.com)
Talking to self: Slow down, Edel! Breathe. Inhale, exhale. You can’t do everything at the same time. You have to wait for your money to arrive, unless you can make money appear by magic. Remember, patience is key here. And a lot of thinking and re-thinking. You don’t just invest your money in one instrument just because you learned from somebody it’s a good investment. You have to do your own research, decide based on your needs and future plans, prepare your money and invest at the right time.
Continue reading “Road to Financial Freedom: A Constant Practice in Patience”
I’m turning 31 years old in October. Still young, I guess, but not so young when it comes to investing. As they say, the earlier you invest, the better. I don’t regret it, though. I may have not invested early when it comes to assets of various kinds, but I have other “investments” in my life that are now bearing fruits.
You see, I used to be the breadwinner in our family. That was after my father lost his job in 1999. Actually, I fully became the breadwinner after landing my first job after college. I sent my three siblings to school and luckily for me, they were able to finish their studies one by one. They are my other “investments” that are now bearing fruits. And so today, we are working together to give our parents the good life that they deserve. But that’s another story for another time.
Continue reading “Planning for Our Financial Future”
Some people choose to invest in the bank. Some people choose to invest in real estate. Some people choose to invest in life insurance. Some people choose not to invest in anything. Last Monday, I chose to invest in the stock market. It took me a year before doing so but now that I finally did, I only have high hopes and aspirations.
I decided to invest in the stock market directly through COL Financial (www.colfinancial.com), an online broker. This way, I get to have more control over my money and less fees to pay as compared to when I invest in the stock market indirectly through mutual funds. Just to be clear, I have nothing against people who invest in mutual funds. I even think they have an edge because their money is managed by financial experts. I just prefer an online broker over a traditional broker, that’s all. Plus, I like the accessibility and convenience it gives me.
Continue reading “Investing in the Stock Market, Finally!”