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If Only I Invest Earlier

If Only I Invest Earlier

I have been working abroad for more than 9 years now. As I look back to those years, I wonder where my salary went? Then I realized, I’m a typical OFW trapped in a rat race, working hard to earn money. Investment is not on my vocabulary. House and land is an asset for me. And savings account in the bank, that was the best investment for me. I don’t have any idea how to make money work for me. I grew up in an environment where people are encouraged to study hard, find a good job and work for the rest of their lives.

gulong-gulong

Luckily, things changed. I became a Truly Rich Club member of Brother Bo Sanchez. I started to take charge of my finances and prepare for an exit plan being an OFW. I learned that no matter how hard we work for money, our money can work harder than us. And by leveraging that, we can plan for our future of having financial abundance.

I started working abroad since year 2004. Imagine if investment is in my vocabulary then, I should have invested part of my money to mutual funds. Let me give you an idea how it should have worked for me.

Here’s a NAVPS and previous earnings from PHILEQUITY PEFI. As you can see, for the last 10 years, the average annual growth is 24.15%. (Click the picture to visit the source)

navps

(There is no guarantee of mutual fund earnings. Their future growth can either be higher or lower. That’s the risk involve.)

If only I saved Php 10K per month and invest it to Philequity PEFI mutual fund, see how much it could have been.

mutual-funds

 I’m already 31 years old, I should be retiring at age 35 if only I invested my money in mutual funds. By then, I’ll be receiving Php 300K worth of income from the interest alone of my investment without touching the capital. Imagine what I can do with that amount of money in the Philippines.

Even if I put 1 million pesos now in mutual funds, it is not enough to match the compounded interest generated over years than if I started investing at an earlier age.

I missed the chance of retiring at age 35.

But it’s not too late for me, I can still target retiring at 40’s. Now that I know how to make money grow harder for me, I have a big chance of success in securing my early retirement in the future.

How about you, do you want to retire young as well? Do you want to work overseas for the rest of your life? What is your exit plan?

P.S. A year ago, I do not know anything about investment. Then I joined Truly Rich Club by Bo Sanchez. It was the best decision I ever made in my life. Brother Bo is a spiritual preacher and at the same time, financial literacy advocate whose purpose is to help people become rich in order to serve the LORD with the money that they have. He guided me along the way, explaining how I can manage my money and make it work hard for me. Now I’m investing in stocks and mutual funds and have a clear path for my future. Soon I’ll open UITF account as well. All are made possible by his guidance and teachings on every steps to become an investor. Being OFW isn’t forever, this is my EXIT PLAN. It’s amazing how his teachings change my life. I’m inviting you to join the club too, JOIN TRULY RICH CLUB. If you have any question, feel free to leave your comment below. CLICK HERE TO JOIN

About Richard Macalintal

Hi my name is Richard. I am a Registered Financial Services Consultant in Singapore. If you have any queries or you need help on your insurance policies and investment linked products, feel free to message me :-) We can have a cup of coffee while I do financial review and give advice with regards to your finances :-) Contact me thru email rlmacalintal(at)yahoo.com or SMS me +65 82235186. Disclosure: I am a Financial Consultant of AIA. The statements or opinions expressed on this site are my own and do not necessarily represent those of AIA.

4 comments

  1. is it still adviseable for a 59 years old to invest?

  2. Hay! I wish I invested earlier too. Still, better late than never, right?

  3. If you want to learn more on how to invest in the stock market, you can check PSE’s Market education website http://www.pseacademy.com.ph

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