The first of the 3D: Direction
I like comparing investing or growing money to going to Baguio. Baguio is the destination, but there are many ways and many vehicles to use to get there. But certainly, the only way you can get there is if you have the right direction. If you are in Manila and going to Baguio, you should travel to the direction generally northwards. Even if you ride a plane which could get you there, if you veer towards the south, you wont get there. I believe you got the point.
So the first thing we did was to define our investment direction. And by direction, my true compass tells me I must define my purpose for investing. Fely and I were doing investing in the past but it was definitely directionless. "Masabi lang na may investment" (just to have the esteem of being an investor). We buy properties, invest on stocks both local and abroad, and we buy things we thought is investing. We invested on business we do not even know.
Now, we know better for we have great coaches. We defined how much and when and what for do we invest for. Example of this is to have our long term healthcare protection of 1.2M Php by 2022 for the whole family. Another is to have 200K Php per month investment income generation by 2017.
To get to our desired destination, we got to have someone direct us to it. The best person will be someone who had been there. We can get to our destination by ourselves, but we may get lost somewhere. It is going to be easier, and less costly, and you can guarantee success if you have someone to direct your steps.
You want to learn more about this...contact us for coaching...We will surely help you define your own Investment Direction...
God Bless!
No comments:
Post a Comment