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MANILA, Philippines – How do you imagine someone who “knows how to handle his money?”
We have to admit that, until recently, we thought that being “money-savvy” was a very particular trait exclusive to bankers, stockbrokers, or entrepreneurs. But more and more, this is not proving to be the case.
Today, prudent investors come in all shapes and sizes. They’re people who are not in the business of money, but instead, are in the business of fulfilling their dreams. They just happen to know how to plan ahead and they know which tools to use to make their money work for them.
Below, meet 5 people who, in one way or another, redefine the money-savvy stereotype. Read their stories and be inspired to live a richer life as well. – Rappler.com
Father Nilo is a priest and currently the president of the College of Immaculate Concepcion in Cabanatuan.
“My purpose in investing is to make my wealth and money grow in such a proportion that many poor people will benefit from it. Investing helped me a lot in achieving my goal of helping the poor. With all the monetary gifts from my friends and the returns that I get from investing, the manner in which I am able to help the poor with my personal money has grown bigger and bigger. A richer life for me is being able to share what you have to those who are marginalized. You cannot say that you are truly rich if you just acquire and acquire wealth without sharing it. The more money you have the greater responsibility you have towards your neighbor.”
Watch his story here.
Marina is a visual artist by profession and also a mother of two boys.
“When I was about 6 or 7 years old, I thought I could plant money and make it grow. I literally got coins and planted it in soil. Of course it didn’t grow, contrary to my expectations. I heard relatives say that when a person becomes rich they have more complex and complicated problems. Investing helped me have the discipline and the wisdom on how to manage wealth. I learned that it’s important to invest in yourself by being the best you can be in your chosen career, profession or business. Invest in your financial education. Don’t be afraid to ask and seek advice from competent people. Create a plan and a system to support the plan and follow it; then repeat the process by reviewing the plan every year.”
Watch her story here.
Junry is currently working in Singapore as an Electronics and Communications Engineer.
“Before, my theological belief was that wealth and money accumulation is a SIN. Saving money never came to mind, until I wanted to settle down and get married. When I checked what I have, I had none! I was in a negative financial situation. Investing helped me gain a positive financial mindset. The Scripture says, “Give and you shall receive” – Luke 6:38. Whoever has will be given more, and they will have abundance. Every month, we set aside a portion of our income. Now, my money works for me and it’s not me working for money. When we OFWs invest in the Philippines, we help the country, we create more jobs, we provide means of livelihood, we make our economy strong, and we attract new foreign investments.”
Watch his story here.
Paolo is an entrepreneur and father to a baby girl.
“Before, I viewed wealth quite unsophisticatedly. It meant merely having a lot of money to spend. So you need to keep working for money in order to have enough money to spend. After having been exposed to the world of investment through COL as well as a previous career overseas in wealth management, I now view investing as allowing money (that I have worked hard for) to do some work for me, for a change. I invest because I want to own an asset that, with just a little bit of care and patience, has a good chance of appreciating over time. For me, a richer life is one where you are free to pursue what makes life worth living to you. I’d like to extend that to my immediate family: if I can be instrumental in them being able to do more of what they want, as opposed to anything else, then that, I think, is winning.”
Watch his story here.
Fitz is a registered financial planner and a personal finance blogger
“I define investing as a life strategy that will help you fulfill your dreams faster. It’s simply no longer about the money or the number of zeroes in your bank account, but having the means to live the lifestyle that you want for yourself. Being an investor means realizing that your dreams have deadlines. Investing IS THE REASON why I am able to achieve my life goals. Year after year, I am able to afford the things I want, travel to places I’ve never been, and experience the life that I dreamed of because I learned to commit, be patient, and have the discipline to start and regularly invest many years ago. Don’t invest simply because you want to grow your money. Have specific and measurable goals.”
Watch his story here.
Visit www.colfinancial.com for more information about COL’s products and on successful investing. For event announcements and market updates, follow COL on Facebook and Twitter. To view previous seminars and other tutorials, subscribe to COL’s Youtube channel.
Woman working on financial report image from Shutterstock
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