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

Why buy when Saxophone Hire can save you money
Published by James Blee on June 16th 2012 | Business
Fancy learning a new instrument but not quite ready to buy a new item of equipment? New equipment is...
 
Why is management training so important
Published by Julia Roger on March 22nd 2012 | Business
Dancing Lion are leading providers of Management Training, Call and Contact Centre Training and Cust...
 
The discount Bluehost.com coupons will find most frequently will save you hefty money
Published by Gowri Pujitha on December 23rd 2011 | Business
The discount Bluehost.com coupons and Bluehost.com coupon codes that you will find most frequently a...
 
Start watching for Forplaycatalog.com coupons & codes which saves huge money
Published by Gayathri Devi on January 25th 2012 | Business
Sharpen your scissors and grab some Sunday newspapers. It makes sense to save every dollar when you ...
 
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...
 
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. ...
 
Using Rejuvbeauty.com coupons or codes is a very easy task & also saves huge money
Published by Srihari Eswari on February 13th 2012 | Business
Discount Rejuvbeauty.com coupons or Rejuvbeauty.com coupon codes are a relatively new phenomenon. Th...
 
Online Vincentstrangiostore.com coupons are a great way to saving lots of money
Published by Jaya Honey on December 1st 2011 | Business
Online Vincentstrangiostore.com coupons are a great way to saving lots of money on everyday products...
 
Utilize online coupons to save some money
Published by James on January 11th 2012 | Business
People all over the world are facing financial crisis these days. You probably also a victim of econ...
 
Patio teak furnitures are durable and value for money
Published by Adamina Ada on December 27th 2011 | Business
Patio furniture has advanced from the old classic plastic lawn chairs and tables to a style statemen...
 
Make money from your passion
Published by Annamawrick on January 27th 2012 | Business
Many people enjoy home renovation work; everything from decorating to restoring old pieces of furnit...
 
Online Candccalifornia.com coupon codes are best way to save money when you shop at Candccalifornia.com
Published by Gayathri Devi on February 25th 2012 | Business
Candccalifornia.com coupons and Candccalifornia.com free shipping codes come with expiry date make s...
 
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...
 
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...
 
Building management services- Setting up new relations
Published by Julia Roger on May 9th 2012 | Business
The owners corporation management services are taxed on profits and are permitted deductions for sal...
 
Various methods of saving money through Victoria secret coupons
Published by Victoriasecret on March 27th 2012 | Business
Victoria secret coupons are incredible way to save extra money. Most probably the fresh craze with c...
 
Save money for business viewpoint with Bostonstore.com promo codes
Published by Gayathri NithyaDevi on April 30th 2012 | Business
Deals365.us-It is the right place for your all your shopping needs to save money. Find Bostonstore.c...
 
Citizentax.Com coupons & codes are just like money that you don’t have to work for that
Published by Sai Manohar on February 12th 2012 | Business
If you’re a bargain shopper, you probably love to use Citizentax.Com coupons & Citizentax.Com coup...
 
Spend analytics and Supplier relationship management at times of uncertainties
Published by Glenn Farrier on March 7th 2012 | Business
With globalization, businesses are spreading their presence all across the globe. This also brings w...
 
Windshield crack repair saves you serious money
Published by Marie Flair on May 21st 2012 | Business
Little chips and cracks don't seem like a big deal, but hat obscure your visibility, undermine the s...