We all know that money is something that we cannot live without added to that is the rising costs of everyday living and you know that you have to earn really well to be able to have a lifestyle that you desire. I got this smart tip from Ruffy and Ai’s morning show yesterday while riding the bus. They had pageant title holders as their guest and the segment that I caught was the one with Miriam Quiambao as their guest. I have always admired her because I think that she is a very smart and yet a very interesting woman who goes after her dreams. She went through a trying time after her short marriage to her ex husband but she has bounced back so well and is now on her own and living her life. She shares with the hosts a bit of advice that I’m sure can actually help out a lot of people out there striving to make ends meet and hoping to be entrepreneurs one day.
She said that in order to be a millionaire someday you need to start thinking like one and millionaires actually multi manage their money in a lot of different ways. So she told Ruffa and Ai that she actually keeps jars in her bedroom labeled with different allocations for each jar. Here is what she has: LTS (Long term savings – 10% for business starting), Educ. (Education – 10%), NECC (Daily Neccesities – 50% or more depending on your need), FUN (fun savings – 10% anything that you might want to spend on yourself or a trip) and that was about it. She has got I think 1 more jar that I was not able to remember but I guess that the ones that I listed would be enough and I plan to start on my own soon. Probably this end of the month. We all go from paycheck to paycheck and this kind of thinking is actually very smart and very good advice and we all should actually do it. We might be able to minimize our debts this way and have a more fruitful life.
This kind of tip is actually just a lot of common sense that we sometimes forget to do. It should be the case that after ever salary comes in we should be able to spare at least 5-20% of the total amount and let it go to our nest egg (savings). Hopefully we can always manage our funds.
So I hope that what I shared will be able to help others out there who want to be financially free.
Photo Credit: mudflat.wordpress.com
Filed under: Daily Travel Diary , bus trips, Daily Travel Diary
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