Posts Tagged ‘investment’

On term insurance

Written on September 15th, 2012 by sassymomno shouts

I used to be a life insurance agent but ironically, my husband does not believe in that kind of investment… to my dismay :-( However, after hearing Bo Sanchez’ seminar of “How to Become Truly Rich” —which he teaches the basics of investment. I was enlightened. He mentioned that as long as you have the right investment – be it stock market, trust funds, real estate–and you know that it will make your family live a comfortable life even when you are gone, you do not a life insurance. Although he is not saying that life insurance is not good– that’s not the message at all. The logic is insurance is a type of investment therefore if you have covered yourself with the right investment, you can do without the life insurance. On my part, I was just trying to justify my hubby’s decision not get one for himself.

Bo Sanchez even mentioned that if you really want a life insurance, a term-life insurance will probably work best for you. That way you won’t have to pay a life time.Term insurance, as the name implies, is designed to have a coverage for a specific length of time.

Hmmm??? I’ll probably consider getting one for us. I wish I can check
brand equote for that. But here in the Philippines, I’ll probably need to get in touch with my friends who are insurance agents.

Responsible Spending

Written on August 24th, 2012 by sassymomno shouts

As early as grade school, I have opened an account for my kids so they can start saving up and teach how to spend their money wisely. What goes in their account are savings from their allowances, gifts during their birthdays and Christmas, and me and my mom deposits extra cash whenever we have.

Next year, my daughter will enter college and now I am thinking of opening some sort of rechargeable credit cards or a debit card, so she won’t have to bring cash anywhere she goes. Especially if she’s riding the public transportation.

I am sure there is one bank instrument that can provide this where I am able to track my kid’s spending and remain connected even if she decides to live in a boarding house.

Oh well… time flies so fast! My eldest will soon be on her own while she studies college. Although I want to be at her side at all times, but I have too let her wing spread so she can find her own destiny.

Teaching Kids the value of savings

Written on August 19th, 2010 by sassymomno shouts

I remember my son telling me to withdraw in my ATM every time he asks for money. For him my bank was a bottomless pit that I could get whenever I want. With a smile, it was then that I realized I had to teach my kids the value of saving up.

coin bank From then on I started, to give them their own piggy bank so they can put in their extra allowance with the promise that I would double up their saving come December. It was something they look forward to.

Growing up I was never really educated on the value of saving up. Probably because family was not that well-off and the money coming in was just enough for our daily expenses however, I came to realize that a person do not need to be rich to save up. In fact, your investment will bring you more cash flow than your regular income.

Cash flow and income may be profound terminologies for my children to understand so a simple piggy bank is the best way to start. I am a believer that children who learn to save at an early age will have a greater advantage in managing their finances when they grow up.

Aside from saving up, I also try to teach them to look for ways to get a good bargain when they buy their stuff. Like when they need to purchase a new pair of shoes, we try to look for scheduled “sale” or even gather coupons that offer a percentage off on any purchase.

It is never too early to teach kids the value of saving up, I know this will greatly help them when they grow up.

On Investment

Written on March 30th, 2010 by sassymomno shouts

InvestAccording to Wikipedia, Investment is the commitment of money or capital to purchase financial instruments or other assets in order to gain profitable returns in form of interest, income, or appreciation of the value of the instrument.
Obtaining an investment whether a business, a property or other forms, can secure you and your family of future financial stability. I have seen this work with a lot of people who are now reaping the fruits of their investment or their parent’s investments.
As we age, our earning capacity depletes until such time that we need to retire. Retirement is a phase in our lives which we need to prepare for. We would not want to be a burden to our kids or to other people when we grow old.

There are many kinds of investments you can choose from while you are still young. Some of these include bonds, money market funds, mutual funds, stocks, life insurance, real estate and establishing your own business. Properly invested funds will not only secure your own retirement, it can also provide financial security for your children.

If you prefer to invest on real estate, make sure you get a licensed broker so you can shop wisely for properties that will best suit your needs. Likewise, an insurance agent can provide you with the best life insurance rate in the market.

Invest, invest, invest and soon you’ll reap what you sow.