Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Introduction to Personal Finance by Randell Tiongson

By Lenddo Article Subscribe to RSS | August 16th 2012 | Views:
loading
 
  



Lenddo celebrated its 1st year anniversary with wonderful guests from ECCP and the Lenddo Community. The highlight of the evening was a talk on an introduction to personal finance, conducted by renowned financial adviser Randell Tiongson, RFP.

Here are the important notes that were discussed during RandellTiongson’s talk.

Life changes involve money.

It is important to be prepared at all times because most of the decisions we make involve money. Getting married, having a baby, quitting a job, going in to retirement—all of these require funds. If we spend too much on temporary things, how then can we provide for things that really matter?

Filipinos have issues on financial planning.

While it is clear that everyone thinks about money, Filipinos make the road to riches seem even vaguer. As highlighted by Mr. Tiongson, Filipinos appear to always excuse themselves from thinking long term. Presently, the Philippines’ savings rates are amongst the lowest in the world and 1 out of 10 Pinoys prepare for retirement. Sadly, these are facts that affect and will affect each of us directly. Start preparing today; as we have been reminded, our spending habits today will affect us tomorrow.

Material things will not love you back.

We lust after the latest gadgets, and our hearts beat upon spotting the perfect pair of shoes. While these things may give us temporary happiness, these “will not love us back”, as Randell put it.

Change your behavior towards your finances.

It is said that balancing your finances requires 80% behavior and 20% skills. Skill is something that comes naturally while behavior is the way one reacts. So even if it is innate for you to save money, but you behave like a big spender all the time, you will not be able to plan your finances effectively. Keep in mind that until you change your behavior, you will never experience financial freedom.

Learn the most effective way to get rich.

Getting rich is really easy if you know how to spend less than what you have and invest the difference. And to experience a wealthy life, you must always have a financial objective. So before spending all your money, ask yourself one important question: “What is it that I really want?”

Maintain a healthy cash flow.

Stay on top of your finances by maintaining a healthy cash flow at all times. Know where you are, financially, and decide where you want to go. Above anything else, discipline helps you win the game.

Invest early. Invest wisely. Invest regularly.

The secret to a stress-free, wealthy life is investing. It’s never too early to invest now, and never too late to do it wisely. If you’re thinking long term, then do it regularly. You toil hard to earn money, why waste it on things that provide fleeting happiness?

Lenddo.com is a website where users can engage their social network to access low-interest loans and financial tips.

Lenddo Article - About Author:
Lenddo is the world's first credit scoring service that uses your online social network to assess credit and provide quick cash loans and business loan philippines.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/introduction-to-personal-finance-by-randell-tiongson.htm

Related Business Articles Subscribe to RSS

The Katale Partnership are without question leading management consultants
Published by Julia Roger on March 23rd 2012 | Business
Are you looking to improve your business practices so that your business can function better as a wh...
 
Dancingdeer.com coupons are an excellent way to save money on your online shopping
Published by Gayathri Devi on January 30th 2012 | Business
Free Dancingdeer.com coupons are standard and you can avail them from various sources. These simple ...
 
Yogadownload.com coupon codes are a cost efficient way of increasing sales with minimal loss of money
Published by Gayathri LilliDevi on April 25th 2012 | Business
Yogadownload.com coupon code associate publishers must clearly detail the Yogadownload.com coupon of...
 
Financial management of a small business
Published by Adam Walker on April 11th 2012 | Business
Small business owners tend to many times think that it is best to do all the work by themselves. Tha...
 
Great discount offers on Virtualsheetmusic.com coupon you can save money
Published by Steven Milligan on May 22nd 2012 | Business
An overload of Virtualsheetmusic.com coupons makes organization more difficult. Virtualsheetmusic.co...
 
Save big amount of money on your online shopping with the help of online Magazine-group.com Voucher Codes
Published by Gayathri ChaitraDevi on June 21st 2012 | Business
Magazine-group.com Voucher Codes are a boon to all online shopping fanatics. Nowadays there are so m...
 
Save money with an Exhibition Stand Hire
Published by Mary Porter on July 11th 2012 | Business
It can be a pricey process investing in exhibition display equipment, especially if you only take pa...
 
So many people are saving money using Brightminds.co.uk Vouchers & codes
Published by Gayathri Haswithadevi on July 19th 2012 | Business
There are so many people are using free online Brightminds.co.uk Vouchers & Brightminds.co.uk Vouche...
 
Does buytheprice give you value for money?
Published by Dinesh on April 27th 2012 | Business
Shopping for electronic gadgets can be quite a hassle. Especially if you have to roam around from on...
 
Save your time and money through Xfinty Deals
Published by Roy Fernandez on March 23rd 2012 | Business
Like most cable services, Xfinity offers high speed internet, digital television and phone systems. ...
 
Save lot of money on online shopping with Rei.com coupons
Published by Parvathi Chintu on April 11th 2012 | Business
Rei.com Coupons are not just for groceries. They work for big tag items as well. In order to obtain ...
 
Cable and wire management
Published by Abhishek Gupta on July 17th 2012 | Business
Find an incredible selection of wire connecters terminals, wire terminal connectors, insulated wire ...
 
Car repairs save your money and time
Published by Glyn Jones on July 7th 2012 | Business
Making the decision to go visit a mechanic for much needed car repairs can be particularly difficult...
 
Off-site records management is always a more secure option
Published by Nancy Deholla on January 13th 2012 | Business
Document and records management provided by an external source is the most secure option for busines...
 
Save money buying Sandblasting Equipment
Published by Mary Porter on June 20th 2012 | Business
A good way to save money when buying Sandblasting Equipment from scratch is to buy complete kits. T...
 
Contractor Expenses – effective cost management
Published by Crowin Smith on April 3rd 2012 | Business
Managing a business is a hard task when the world economy is not creating the right condition that f...
 
Neuro-enhancement.com coupons save people money and refunds add to the savings
Published by Gayathri PreethikaDevi on May 31st 2012 | Business
Avail the opportunity to get Neuro-enhancement.com coupons and Neuro-enhancement.com discount coupon...
 
Strata management solution and benefits
Published by Chris Whelan on February 29th 2012 | Business
Previously people didn’t face such difficulties during dividing their property or acquiring their ...
 
Saving money with online Exotissimo.com coupon codes is a popular topic
Published by Vendra Raga on November 30th 2011 | Business
Saving money with online Exotissimo.com coupons and Exotissimo.com coupon codes is a popular topic y...
 
Strategic management of physicians’ day-to-day operational issues
Published by Jacob Thomas on November 29th 2011 | Business
Unlike physician practices of yesteryears, physician practices today have found themselves surrounde...