Here's a Strategy to Pay Debt Even With Low Salary

This blog already moved to www.savingspinay.ph If you want the latest tips and stories on budget, savings, investments, productivity and making extra income go HERE instead.

Getting out of debt is one of the best financial move you can do in your life. It promotes financial peace and security, more money to spend without guilt and improves your ability to save and invest. One thing I will be forever thankful for to my parents is how they never ever let us go in debt. We never experienced going to the neighbor asking for money or things or food. They manage to resolve all financial issues before we even knew they existed.

But I know not everyone is in the same situation as I am. I don't even have idea until when will I stay debt-free. And so debt is an important matter for me too. Today I decided to post a strategy that will let you pay debt even on low income. I hope this post will help you manage debt before 2016 ends.

Here's a Strategy to Pay Debt Even With Low Salary 

Paying debt on a low income can be a real challenge. You need enough resources to sustain both your needs and your bills. As much as you want to save and pay your creditors, you feel like there isn't enough money coming that will enable you. Thus, people often end up with more debt instead.

The very first thing you need to do is to treat debt-payment as a goal. 

If you see it as a task or obligation you will easily feel discouraged to pay. When you allow your debts as a goal you want to accomplish at a give time (deadline) you'll certainly arrive with a debt-payment plan in no time. 

Evaluate all your good debts and bad debts and write them all down. Good Debts are those with low-interest and debt you accumulate reasonably. Examples are your house mortgage, car loan and debt due to emergency situation. Bad Debts come with high interest rates that can be fatal to your budget. These includes credit card debts and personal loan to pay for luxurious items. READ: Day 1: Gaano Kalaki Ang Utang Mo

Once you have written all your "utang" and the amount of each you can now create your debt-payment goal. 

Simply feel in the blanks:

My goal is to pay an amount of _________________ to ____________ by _________ .

Example: My goal is to pay an amount of 30,000pesos to my Personal Loan with Kumpare Jose by end of 2016. 

Other variations are as follows:

My goal is to pay __________ every __________ to ______________.

Example: My goal is to pay 2,500pesos every month to my debt-payment fund.

My goal is to finish paying my ____________ before ________________. 

Example: My goal is to pay my student loan before 2017 ends.

Once you make your debt a goal rather than a task you'll see it as a big project with small and manageable next actions. I will assure you that this mind set is way better and will help you pay even on a low income. 

Next is to know your Debt-to-Income Ratio

Not everyone knows this method in assessing debt you can have and you can pay based on your salary. The Debt-to-Income Ratio will strategically place your money to reply your current debt. Professional lenders use this equation to evaluate whether a debtor can really has the ability to pay the debt on his/her current income.

The formula is very simple:

Total Debt (Good or Bad) / Total Net Income Month) 

= Debt-to-Income Ration

• • Total Debt is the amount of your good and bad debt that you need to pay.
  • Total Net Income is your take home pay on a monthly basis.
  • Differentiate the Debt from the Bill. We are talking about debt here and not the monthly bills like electricity, rent etc.

Example:

Juan's take home pay is 13,000pesos. His total monthly debt (credit card, housing loan, salary loan) is 4,000pesos.

Total Debt (Good or Bad)  divided by Total Net Income (Month) equals Debt-to-Income Ration

12,000 / 4,000 = 0.33 or 33%

The Meaning

A low debt-to-income ratio shows a good balance between debt and income. Financial advisers suggests a good 10-20% as Debt-to-Income Ratio.

A higher debt-to-income on the other hand suggests that a person has too much debt for his income. Thiscan cause financial loop hole in the long run.

Looking at Juan's Debt-to-Income Ratio as an example means that 33% of Juan's salary just goes to pay off debt. This percent is alarming because it it is almost 50% of what Juan is getting on a monthly basis.

So what should Juan do?

1. Create a Budget

Add debt on the amount you need to pay. If you remember the 50-20-30 Rule of Budgeting you can use this and alter the 30% for Lifestyle Fund to your Debt-Payment Fund. With 12,000 income Juan can use 6,000 (50%) for essential expenses, 4,200 (35%) for debt-payment and 1,800 (15%) for savings fund.

2. Pay the Most Expensive Debt First

According to Dave Ramesey's Money Makeover a great strategy to get out of debt fast is to pay the most expensive debt first. Arrange your debt from highest to lowest interest rate (or even amount) and alongside write down the maximum amount you can pay monthly. 

 

3. Don't Get into More Debt

Pay first your current debt before accumulating a new debt. This maybe a hard one but just please, refrain yourself from getting into more debt.

4. Find out means to decrease your expenses

There may be items and habits you do that cause you to spend more than your means. Kyle's guest post will teach you how to really live below your means. 

5. Increase you income

If your goal is to really pay your debt then you might need to look for extra income.

Related Links:

Proven Ways You Can Diversify Your Income - SavingsPinay

SavingsPinay : How To Earn Extra Income in the Philippines

SavingsPinay : 15 Smart Ways to Earn Extra Income

The Secrets Behind Creating Multiple Sources of Income

SavingsPinay : The Three Types of Income

SavingsPinay : Turning Your Salary to Income

Final Notes from SavingsPinay

Your debt will not adjust to you ever. It doesn't work that way. You need to adjust yourself to your debt in order to pay. You have the ability to be debt-free even on low salary as long you incorporate good financial habits with discipline. Soon you'll realize that you don't actually need that much money to get rid of your debt but just more will to commit to the goal. Read 20 More Ways to Pay Your Debt.

Go over the this discussion on SavingsPinay FB Community to find accountability partners on your goal to be finally debt-free.

Have you commit yourself to a debt-payment plan yet?

• Follow the SavingsPinay FB Group and join the conversation at : SavingsPinay
• Follow my official Facebook page at : IzzaGlinoFull
• Stalk some behind the scenes in my Instragram: @izzaglino
• Follow me too in my Twitter account: Izza Glino
• Subscribe to my Youtube channel: IzzaInTheUkayCloset
• Email me any question or topic suggestion at izzaglinofull@gmail.com
• Or leave a comment below!!!

This blog already moved to www.savingspinay.ph If you want the latest tips and stories on budget, savings, investments, productivity and making extra income go HERE instead.

SavingsPinay Series | Day 1: Gaano Kalaki Ang Utang Mo? (Evaluating Your Debt)

The SavingsPinay Series | Ayoko sa Utang! 5 Days To Be Debt-Free For Life is created and published first in this blog. Visit this LINK for the past SavingsPinay Series.

Day 1: Gaano Kalaki Ang Utang Mo? (Evaluating Your Debt)

SavingsPinay Series | Day 2: 25 na Paraan Para Makapagbayad Ka Sa Utang (25 Ways to Pay Off Your Debt)

The SavingsPinay Series | Ayoko sa Utang! 5 Days To Be Debt-Free For Life is created and published first in this blog. Visit this LINK for the past SavingsPinay Series.

PS. Sorry Day 2-5 is one week delayed. Hope you will still learn and enjoy.

Day 2 | 25 na Paraan Para Makapagbayad Ka Sa Utang

SavingsPinay Series | Day 5 | May Forever sa Pagiging Debt-Free

The SavingsPinay Series | Ayoko sa Utang! 5 Days To Be Debt-Free For Life is created and published first in this blog. Visit this LINK for the past SavingsPinay Series.

PS. Sorry Day 2-5 is one week delayed. Hope you will still learn and enjoy.

Day 5 | May Forever sa Pagiging Debt-Free

SavingsPinay Series : Ayoko sa Utang! 5 Days to be Debt-Free At Last

I am so excited to finally announce a blog series. The last one I did was way back May and I know it's time to create another one. To those who are visiting my blog for the first time, the SavingsPinay Series is created for in-depth look/thorough explanation of a particular subject or topic. 

The first series I created was the Metrobank Week where I showed the Metrobank Direct Portal How to Enroll in Metrobank Direct Online Account and How to Pay Your FAMI Account Via Metrobank Direct.

Then I created the 14 Day Productive Living Series which has a summarized version HERE. I also did a Job Interview Series which surprised me with a lot of views from SavingsPinay Readers.

Getting feedback, email and even private messages in Facebook led me to pursue yet another SavingsPinay Series.  

Enter: Ayoko sa Utang! 5 Days to be Debt-Free At Last

What is this series anyway?

Ayoko sa Utang! 5 Days to be Debt-Free At Last is a five day-long series that will tackle the topic of Debt or Utang. Here I will give actionable items and key points on how you can finally manage to payoff your morgage and not be in a financial loop hole.

Who is this SavingsPinay Series for?

This Series is for

• People who are struggling with their debt 
• People who inherited unwanted debt from their parents or siblings 
• People who have just gotten in financial debt

What Will You Learn?

Day 1 (Monday) : "Gaano Kalaki ang Utang Mo?" 

In Day 1 we will Identify How Much Your Debt is. We will evaluate your debt whether it is a "good" debt or a "bad" debt. Just as how I give emphasis on knowing your Financial Net Worth as a primer to building financial freedom, I know exactly how determining how much your real debt is the first step to becoming debt-free. I will also share a concept called Debt-to-income Ratio that I learned through website http://www.clearpointcreditcounselingsolutions.org/ which assess the level of debt that is manageable for the income you have.

Day 2 (Tuesday) : " 25 na Paraan Para Makapagbayad Ka Sa Utang"

I understand people who will tell me that how desperate they are to get out of debt but just don't know where and how to start. I pray that this series will help you. For Day 2 I will give 25 Ways To Pay Off Your Debt. These are sure ways with added tips and tricks that will truly be of aid. 

Day 3 (Wednesday) : "Organisadong Pagbabayad ng Utang"

Almost everyday at work I have a list of To-Do's and I find it hard to work dahil sobrang daming kalat. Just like what I share in IzzaGlino, I am very disorganized. Gusto ko nakikita ko lahat ng dapat kong gawin. However, being disorganized as you pay debt is not good. Dapat well-planned lahat and well-organized even where your bills are and the visual representation of your strategy to be debt-free. I prepared a lot of templates for this day so better check it out. I will give them for FREE para sa lahat ng nasa mailing list ko. So better SIGN-UP!!!

Day 4 (Thursday) : "Tamang Pagkausap sa Pinagkaka-Utangan"

On Day 4 I will give tips and suggestions on how you can communicate to people you are in debt with. From what to say to your bank to what to your family member - lahat yan ituturo ko. Don't be afraid to communicate and negotiate with your creditor. May lakas ka ng loob na mangutang, dapat mas malakas ang loob mo na magbayad.

Day 5 (Friday) : "May Forever sa Pagiging Debt-Free"

Sa last na installment of this weekly series I will give lasting habits that will make you at peace and find financial stability. The goal is be debt-free at last and not just temporarily but forever. Living in "bad" debt is frustrating. You will continue to be "one-step-forward-two-steps-back" situation. 

So let's move forward together. Ok?

JOIN ME!!!

This weekly series will start on Monday, October 19 to Friday, October 23. On Saturday I will have a post-summary and will give links to more informative posts you can read para mas madami ang learning.

I hope you will look forward for this SavingsPinay Series. Comment below if you are excited!

WARNING: This series doesn't guarantee true success unless YOU ACT ON IT.

I hope you liked this post. Don't forget to do any of the following:

• Follow the SavingsPinay FB Group and joing the conversation at : SavingsPinay
• Follow my official Facebook page at : IzzaGlinoFull
• Stalk some behind the scenes in my Instragram: glino_clariza
• Follow me too in my Twitter account: Izza Glino
• Subscribe to my Youtube channel: IzzaInTheUkayCloset
• Email me any question or topic suggestion at izzaglinofull@gmail.com
• Or leave a comment below!!!

 

SavingsPinay Series | Day 3: Organisadong Pagbabayad ng Utang

The SavingsPinay Series | Ayoko sa Utang! 5 Days To Be Debt-Free For Life is created and published first in this blog. Visit this LINK for the past SavingsPinay Series.

PS. Sorry Day 2-5 is one week delayed. Hope you will still learn and enjoy.

Day 3 | Organisadong Pagbabayad ng Utang

The Different Saving Funds You Should Own

I have been working for the past three years and to be honest I feel like nothing is happening to me --- financially. Yes, my investment is there and yes, I have means to get extra money but savings-wise I am doomed. Its so hard to save money.

I think about money all the time. Whether about post ideas on SavingsPinay or my personal financial goals and next actions. I just want to Get My Finances In Order Before 2016 Ends. Good thing the post I created will always remind me of that. 

I also realized that I spend too much time thinking about saving money but I honestly have no idea what am I saving for. Do you have the same struggle? And so I thought I'll create a list of The Different Saving Funds You Should Own. Let me know in the comment section below which fund you want to start saving, which fund you are currently saving for and which fund you've already accomplished. 

1. EMERGENCY FUND

This is just a non-negotiable fund to be honest. Without a cash cushion for emergency situation you'll be left behind. People who have prioritized their emergency fund first and foremost will suffer less money-related stress. They will feel much secured of what tomorrow will come. 

How Much Do You Need?

Prepare at least 3-6 months worth of your income. You can also start with a Baby Emergency Fund taken from Dave Ramsey's Total Money Makeover. The Baby Emergency is equal to $1000 or for Pinoys it could be just a month worth of your salary. 

How Can You Save For an Emergency Fund?

Try saving a good 10% of your salary every month. Automatically transfer this to a separate savings account which you bound not to touch unless a financial shock happens. 

Related Links:

Why an Emergency Fund Should be in Your 2015 Must-Haves and 6 Ways to Build One

3 Envelopes of Your New Life: Emergency Fund

Different Ways You Can Apply the 52-Week Money Challenge in Your Life

2. DEBT-PAYMENT FUND

This applies directly if you suffer from personal debt, credit-card debt and/or loans. You need to allot a portion of your salary as a a debt-payment fund. Make sure that you pay your debts so you can use the money to better your finances in the future. I am fortunate to have not incurred any debt at the moment so my net worth is quite positive. However, I should still take precaution financially.

How Much Do You Need?

This depends of the method you choose to pay your debts. The Debt-Snowball Method is one of the most recommended ways for you to pay successfully. This method suggests paying the least of your debt with the least amount you can pay. It focus on slowly but surely debt-management. 

How Can You Save For a Debt-Payment Fund?

This should be the number 1 priority in all of your saving funds. Maximize the amount you pay for your debts than the amount you save. As soon as you are debt free then focus all your money in building your cash reserve. If possible try to come up ways to earn extra money either online or through a small business.

Related Links:

SavingsPinay Series | Ayoko sa Utang! 5 Days to be Debt-Free At Last

SavingsPinay Series | Day 1: Gaano Kalaki Ang Utang Mo! (Evaluating Your Debt)

SavingsPinay Series | Day 2: 25 na Paraan Para Makabayad Ka Sa Utang (25 Ways to Pay Off Your Debt)

SavingsPinay Series | Day 3: Organisadong Pagbabayad ng Utang (Organized Way in Paying Your Debt)

SavingsPinay Series | Day 4: Personal Finance Moves You Ought to be Doing

SavingsPinay Series | Day 5: May Forever sa Pagiging Debt-Free

3. INVESTMENT FUND

As early as now aim to have your first ever investment. Investing will definitely change your life for the better. It is your first big step in creating a passive income or making money work for you and not the other way around. 

How Much Do You Need?

This will depend on the type of investment you want. Nowadays a good 5000pesos to 10,000pesos is enough for an initial investment on traditional investment vehicle like mutual fund or direct stock market. You can also save more money as soon as you start diversifying your investments.

How Can You Save for an Investment Fund?

Cut-back on your unnecessary expenses and slowly move the money you save on your Investment Fund. You can also use any cash bonus you receive or maybe your separation fee or 13th month fee for this.

Related Links:

Intro to Investing | An Almost Complete Guide for First-Timers

How to Invest Your 5,000 Pesos

Things I Realized Since My First Investment

Where to Invest this 2016 in the Philippines

Understanding Managed Fund as an Investment Vehicle in the Philippines

4. PERSONAL SAVINGS FUND

Personal savings fund will enable you to achieve all your short-term financial goals such as budget for travel, buying a new car and/or updating your wardrobe. This is for your personal wants that cost more than the regular "wants". The key is to make sure that your first three funds are funded enough so you won't feel sudden guilt financially. 

How Much Do You Need?

This depends of which short-term financial goal you want to achieve first. I for example is saving for an international trip on the first quarter of 2017. I am aiming for 25,000pesos as my travel budget. With this I have to save at least 3,500pesos a month. Adjust your budget accordingly so you won't be in any unwanted debt.  

How Can You Save for a Personal Savings Fund?

Again you have to make sure that you have funded your Emergency, Debt-Payment and Investment Funds first before transferring any amount to this fund. Priorities, remember?! Now having an extra income will help you tremendously to build your Personal Savings Fund without hurting your budget. There are many proven ways you can diversify your income. You just need to be really "madiskarte".

Related Links: 

Frequently Asked Questions About Saving Money

The Time is Running Out!!! Learn the Importance of Saving Money NOW!

READER QUESTION| How to Save Money and How to Become a Millionaire?

Saving Money for First Timers

How Much Money Should You Save Each Month?

5. RETIREMENT FUND

You will never be young forever so you better start thinking about your retirement too. A lot may ask what age a retirement fund should be started and the definitely answer would be as soon as possible. Saving for your retirement will enable you to enjoy your harvest season. The earlier you start more your money will grow. 

How Much Do You Need?

Nowadays you just can't entrust your retirement fund to government-issued policies like SSS, GSIS (for government workers), PhilHealth and PAG-Ibig. You won't survive with the inflation rate and the cost of living. If you want to retire happy you need to start saving accordingly. Start by saving money on a quarterly or yearly basis. Commit to a certain amount you can fund. Then add whenever you are financially equipped. 

How Can You Save for a Retirement Fund?

Saving for retirement should start as soon as you have your first income. If and then you can't afford then try to develop the habit of paying yourself first either from any of the above Different Saving Funds You Should Own.

Related Links:

The Three Financial Stages of Our Life

The Rule of 72: The Classic Computation every Investor Must Know

8 Smart Money Moves To Do in Your 20s

Overall

To end this article I just want to share to you this quote I saw from the internet. This is my current desktop wallpaper since whenever I read it I feel really motivated. I hope that this same quote will inspire you financially to make today count. Do not feel discouraged instead keep going. Don't ever dare to think about quitting.

If you enjoy this post then you'll also enjoy 

Establishing a Travel Fund for Beginners | My Personal Finance Books Collection 

| Personal Finance Habits That Can Make You Become Rich

Is Financial Independence a Realistic Goal for Pinoys?

This blog already moved to www.savingspinay.ph If you want the latest tips and stories on budget, savings, investments, productivity and making extra income go HERE instead.

Last week I shared to you my goal of becoming a financially independent Pinay. How I want to live a life where I am entitled to more than I can actually afford. That I want to live a life where I can pursue a career of my choice and still get a grip on my finances. And that I want to live a life where I can easily give and share my blessings to others without worrying what will happen next to my funds.

My post opened a number of questions from curious readers whether financial freedom is really possible.  Today I'd like to give you a clear road map on how early financial independence can be a doable goal and why you owe it to yourself to be one day financially free. 

The Journey to Financial Independence

Financial Independence is defined as a state of having sufficient personal wealth to live, without having to work actively for basic necessities. It means you accumulate greater passive income that can cover your expenses even without you working for it. Personal financial independence is a life long process. And it's something you can only achieve if you start now.

If you read my About Page you'll know that my magic number in terms of retirement and achieving total financial independence has been 30 years old. I know it sounds too ambitious and I am still currently far from that state to be honest. But I am working on it every day. And nothings gonna stop me from my quest to financial freedom. Even if I don't hit my target retired at 30 know that everything I do today will help me be still in a way better financial life by that age rather than doing nothing at all.

Is Financial Independence possible?

I've read countless of blogs and articles of people who have achieved financial freedom in life. They were able to create the life they want without stopping. How? Below are the main factors that play a lot of role to make the impossible possible and one day be financially free. 

You Need to Really Want It 

Your desire to be financially free is important to help you go from zero to hero in less time. You can only do something you really want, right? Spend a day to really sort things out in your financial life and set your heart, mind and soul to the idea of becoming financially independent. 

• Create a personal definition of "financial independence" for you.
• Find out your current financial status through calculating your net worth. 
• List your goals that will help you achieve total financial independence.

RELATED LINKS:

10 Most Important Lessons to Learn in Personal Finance #6 Setting Your Goals

A Breakdown of My Financial Goals for 2016

Managing Your Money : A Beginners' Guide

You Have To Continuously Work For It

Financial independence is the end-goal and it consists of short-term and long-term goals in between. This means you need to be ready to work hard for it to reach your overall freedom to money issues. 

• Stay on Track of Your Finances.

The first sure way that you can work for your financial freedom is by being on top of how your money moves.  From how much income comes to how much money goes out of your system.

RELATED LINKS:

Where Does Your Income Go?
4 Useful Tips to Live Within Your Means
Do This, Note That When It Comes to Your Finances

How to Correctly Spend Your Money
How to Handle Bill Payments Like a Boss

• Have a Budget

We often take budget for granted. We only create one once we are already running out of money to spend. Budgets comes as an option rather than a necessity. This mindset should be changed. A good budget can make you rich in the long run. It could give you a blueprint for a stronger financial foundation.

RELATED LINKS:

Frequently Asked Questions about Budget
Anatomy of Successful Budget

All About Budget Categories

How to Effectively Budget Your Money

How I Still Choose To Love Budgeting Even If It Doesn't Love Me Back

My New Budget and Spending Tracker Notebook

• Maximize Your Income

Let's face it, more income means more money you can save, invest or use to sustain your living expenses. Do not be satisfied with a single source of money try your very hard to open other income streams that will help you get to closer to your dream.

RELATED LINKS:

The Three Types of Income

The Secret Behind Creating Multiple Streams of Income

More Proven Ways You Can Diversify Your Income

15 Smart Ways To Earn Extra Income

Turning Your Salary to Income

• Be Debt-free

Debt will be a big hindrance for you to achieve financial independence. As much as possible try to avoid debt or pay it off as early as possible. When paying off debt it's better to do the snowball method or  focusing on those that have higher interest rate then moving on the low-interest rate debt. Below is a before, during and after debt tip you can use:

Before making a debt

• Assess whether it’s a need or a want. 
• Find possible alternative that can cost you less.
• Find possible creditor/loan solution have no/less interest rate.
• Create an agreement (possibly written) on the payment method as well asthe deadline.

During the debt

• Avoid making additional debt.
• Create a good creditor-debtor relationship.
• Have an open communication with your creditor.
• Pay on time the whole amount with interest(if any).
• If you can’t pay the debt on time, let the creditor know as soon as possible. Let him/her know the honest reason why and ask for an allowance.
• If it’s a credit card delay then talk to your bank and ask for possible solution that you can pay. I know one who wrote a letter to the leading bank and was given a payment method that is so much easier to do thought takes longer time. Still he is responsible enough to pay.

After the debt

• Appreciate your creditor by thanking him/her for the financial help.
• Don’t make another debt just when your current debt ended.
• Still have an open communication to your creditor.

RELATED LINKS:

Here's a Strategy to Pay Debt Even with a Low Salary

SavingsPinay Series : Ayoko sa Utang! 5 Days to be Debt-Free At Last

SavingsPinay Series | Day 1: Gaano Kalaki Ang Utang Mo? (Evaluating Your Debt)

SavingsPinay Series | Day 2: 25 na Paraan Para Makapagbayad Ka Sa Utang (25 Ways to Pay Off Your Debt)

SavingsPinay Series | Day 3: Organisadong Pagbabayad ng Utang

SavingsPinay Series | Day 4: Tamang Pag-kausap sa Pinagkaka-utangan

SavingsPinay Series | Day 5 | May Forever sa Pagiging Debt-Free

• Start saving money

The earlier you save money the better it would be for your finances. Make sure that you automatically save a portion of your income as cash reserve for future or emergency use. How do you save? Start small. Do not over commit on the percentage of your income that goes to saving. If you still can't do the 50% of your salary on savings then don't. It is way better to start with 10% to 20% of your income then go higher as your source increases. What matters most is you save consistently.

RELATED LINKS:

Frequently Asked Questions About Saving Money

The Time is Running Out! The Importance of Savings Money Now!!!

The Different Saving Funds You Should Own

• Learn to Invest

Saving won't make your money work for you. That's why as early as today you need to learn how to invest. There are a number of investment vehicles available for you to choose. Be wise on what vehicle will satisfy you as an investor. Why Should You Invest Your Money?

- If you care about your future then you should invest.

- If you want financial peace...invest.

- If you want your money to generate income to earn interest...invest.

- If you want your money to work for you aka passive income...invest.

- If you have long term goals that will need a higher amount of money...invest.

- If you want to amplify your current life...invest.

- If you want to learn more about how money how money works...invest.

RELATED LINKS:

Intro to Investing | An Almost Complete Guide for First-Timers

Saving and Investing Tips for 20-something

How to Invest Your 5,000pesos

7 Ways You Can Invest in Yourself

You Have to Build Your Own System to Success

It is important to remember that only you can define whether the financial independence is really a realistic goal you can achieve in 10-20 years from now. You need to establish the system that will get you there. From what budget will enable you to so to what investment will give you the right number to retire at peace.

Everything starts with you and ends with you so only YOU have the power to change your current state. Recognize the need to implement change in your habits and routines so you can start working on your financial freedom system. I think what I notice the most is that people who want to retire young and achieve financial independence are reading and learning a lot but do not act. 

You have to build you own system to success. No self-help books can build the road for you. If you don't act on it then everything will be put to waste. So try to start and learn how... NOW.

Final Notes from SavingsPinay

So if you ask me if Financial Independence a Realistic Goal for Pinoys, my answer is short and simple --- YES!!! As long as you want it, work for it and build a system that will work for you. Again as I've always mentioned it is indeed a life-long journey and everything you do today matter. Every decision you make can contribute to your financial success.

PS. I created today's post as a primer on the eBook that I'll be releasing before 2016 ends. One of my to do list before 2017 is provide a quality reading guide for every SavingsPinay reader. It would be FREE and will include far more pages and learning from last year's Making Your 2015 The Best Year Ever eBook. 

"How to Be A Financially Independent Pinay : A Step by Step Guide for Every Juana". Release date will be posted soon.

Is Financial Independence Your Goal Too? What Age Do You Want to Achieve It?

• Follow the SavingsPinay FB Group and join the conversation at : SavingsPinay
• Follow my official Facebook page at : IzzaGlinoFull
• Stalk some behind the scenes in my Instragram: @izzaglino
• Follow me too in my Twitter account: Izza Glino
• Subscribe to my Youtube channel: IzzaInTheUkayCloset
• Email me any question or topic suggestion at izzaglinofull@gmail.com
• Or leave a comment below!!!

This blog already moved to www.savingspinay.ph If you want the latest tips and stories on budget, savings, investments, productivity and making extra income go HERE instead.