Last week, I attended a learning session facilitated by Randell Tiongson about the basics of financial management. This blogger event was made possible by schooltalk.ph.
According to Randell, there are 3 ways to get rich.
- Inheritance
- Marriage
- Spend less, save and invest.
Most of us are not eligible for items 1 and 2. But we can roll our sleeves to make item # 3 happen. Getting rich and prudent financial management principles are not nose bleed concepts, rather simple. However, the key is self discipline and determination to achieve financial goals.
Thanks Randell and Carlo for organizing the event.
Summer is over, tomorrow my kids will go back to school after a week of postponement because of A(H1N1). During summer, wifey and I taught our kids three important lessons:
To earn.. to honor God with the tithe…and to save money.
At the start of vacation, I asked my kids (ages 11 and 9) what they can do passionately. They opted to sell “ice candy”. So they experimented on different flavors before they finally launch the product By being the first consumers, soon, all the kids in different buildings became aware of this goodies. My kids produce and sell ice candy for more than a month.
As they earn, my kids also return 10% of their earnings to God every week. And last Saturday, their accumulated profit were added to their savings account.
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