Juan's 360 Degree Financial Journey


Juan's 360 Degree Financial Journey
Juan's life got better than it was before. He is living the life but he's reserved with his career and flow of income. I have everything I need., he tells himself. 

Few years later, Juan got married. 

One night, after watching a TV commercial from a known financial institution, he told himself, I should have one.


Juan kept investing on the stock market and mutual funds, having big-time goals in mind. 

One day, the stock market crashed! Some people needed to pull out their funds or sell their shares at a loss because of fear. A colleague approached him and asked, Are you one of them?

Yep. 

Juan learned from an old friend that one of their friends from college met an untimely accident and his family were left with nothing. He knows how big his friend's paycheck was, as they were both on the same industry. Yet all what was left with his friend's sobbing wife and 2 year old daughter were credit cards, loans and bills to pay. 

Because of what happened, Juan realized he needed to set-up an emergency fund first and started saving for it. He also decided to approach a financial advisor and got a life insurance for himself. 

Peter, Juan's older cousin, visited him to borrow some money. On how Peter found out about Juan's savings, that's another story. For now, let's just say Peter embodies most of our fellow OFWs' relatives with the special power to sense if someone has money. He told his sad regret about not being able to save during his twenties, especially for emergencies, and that however hard he tries to start saving or investing, unexpected expenses always catches-up with him. 

Juan started to educate himself more about managing his finances and changed the way he thinks about money. He knew that in order for him to be successful and financially literate, he needed to spend money, time and effort to study and learn the ropes. 

He attended seminars and workshops, both free and paid, and considered them as investments. He bought books, not only financial or business books, but any book that he thought would help him become a better person, employee, leader and live a happy, fulfilling life. 

Juan started to understand the value of having a discipline to save is crucial to start preparing for his future, and that the ultimate purpose of being wealthy is to help others.

- o0o -

What if Juan educated himself first? Will it make a 360 degree impact on his life?
Let's find out!


- o0o -

Juan OFW
Juan started to understand the value of having a discipline to save is crucial to start preparing for his future, and that the ultimate purpose of being wealthy is to help others.

He attended seminars and workshops, both free and paid, and considered them as investments. He bought books -- any book that he knew would help him become a better person, employee, leader and live a happy, fulfilling life.

 

He knew that in order for him to be successful and financially literate, he needed to spend money, time and effort to study and learn the ropes.

Juan started to educate himself more about managing his finances and changed the way he thinks about money.

Peter, Juan's older cousin, visited him to borrow some money. On how Peter found out about Juan's savings, that's another story. For now, let's just say Peter embodies most of our fellow OFWs' relatives with the special power to sense if someone has money. He told his sad regret about not being able to save during his twenties, especially for emergencies, and that however hard he tries to start saving or investing, unexpected expenses always catches-up with him.

Because of what happened, Juan realized he needed to set-up an emergency fund first and started saving for it. He also decided to approach a financial advisor and got a life insurance for himself his family.

Juan learned from an old friend that one of their friends from college met an untimely accident and his family were left with nothing. He knows how big his friend's paycheck was, as they were both on the same industry. Yet all what was left with his friend's sobbing wife and 2 year old daughter were credit cards, loans and bills to pay.

Few years later, Juan got married. One night, after watching a TV commercial from a known financial institution, he told himself,
I should have one.

One day, the stock market crashed! Some people needed to pull out their funds or sell their shares at a loss because of fear. A colleague approached him and asked,
Are you one of them?

Yep. Nope.

Juan kept investing on the stock market and mutual funds, having big-time long-term goals in mind. 

He is living
the life and he's reserved fulfilled with his career and flow of income. I have everything I need to be thankful for., he tells himself.

Juan's life was better than it was before.

PisoandBeyond


When do you plan to educate yourself about moneyReceive cool updates like this when you subscribe to PisoandBeyond!

1 comment:

  1. Agreed with the main lesson in this one:
    Your life will be FAR better off if you know how to use money well (financially literate) than if you simply earn-to-spend like everyone else.

    ReplyDelete

Join the Discussion!

Contact Form

Name

Email *

Message *