I FOUND THIS ARTICLE WORTH READING AND WORTH SHARING. I LIKE IT. I HOPE YOU LIKE IT TOO.
I DON'T WANT THIS PRECIOUS PIECES OF INFORMATION GO TO WASTE WITHOUT SOMEONE READING IT.
IT IS ABOUT 4 FINANCIAL LIFE STAGES. EACH STAGE SPECIFIES DIFFERENT LEVELS OF FINANCIAL ACHIEVEMENTS WITH DISTINCT GUIDELINES FOR INVESTING.
1. START-UP - ALL OF YOUR INCOME COMES FROM YOUR SWEAT, NO WORK, NO PAY. AS SOON AS YOU EARN YOUR FIRST PESO, YOU SHOULD SET YOUR SET YOUR EYES TO THE NEXT STAGE.
2. BUILD-UP - WHEN ABOUT 20% OF YOUR INCOME COMES FROM INVESTMENT INCOME. IT IS MONEY EARNED FROM MONEY SAVED AND INVESTED.
3. ASSET ALLOCATION - YOU SHOULD ACCUMULATE ENOUGH FROM INVESTMENTS TO CONTRIBUTE UP TO 60% OF TOTAL INCOME. THIS IS THE FINE TUNING STAGE, WHEREIN INVESTMENTS ARE ALLOCATED TO ENSURE STEADY CASH FLOW IN PREPARATION FOR RETIREMENT.
4. RETIREMENT- IDEALLY ONE RETIRES AND IS ABLE TO CONTINUE HIS CHOSEN LIFESTYLE WITHOUT HAVING TO WORK. HIS LIFESTYLE IS FULLY FUNDED BY HIS ACCUMULATED WEALTH.
THESE ARE THE 4 FINANCIAL LIFE STAGES FROM THE WEDDING MAGAZINES THAT CAPTURED MY ATTENTION AND IT WAS WRITTEN BY WELL KNOWN FINANCIAL ADVISER AND ENTREPRENEUR GURU FRANCISCO J. COLAYCO.
I DON'T WANT THIS PRECIOUS PIECES OF INFORMATION GO TO WASTE WITHOUT SOMEONE READING IT.
IT IS ABOUT 4 FINANCIAL LIFE STAGES. EACH STAGE SPECIFIES DIFFERENT LEVELS OF FINANCIAL ACHIEVEMENTS WITH DISTINCT GUIDELINES FOR INVESTING.
1. START-UP - ALL OF YOUR INCOME COMES FROM YOUR SWEAT, NO WORK, NO PAY. AS SOON AS YOU EARN YOUR FIRST PESO, YOU SHOULD SET YOUR SET YOUR EYES TO THE NEXT STAGE.
2. BUILD-UP - WHEN ABOUT 20% OF YOUR INCOME COMES FROM INVESTMENT INCOME. IT IS MONEY EARNED FROM MONEY SAVED AND INVESTED.
3. ASSET ALLOCATION - YOU SHOULD ACCUMULATE ENOUGH FROM INVESTMENTS TO CONTRIBUTE UP TO 60% OF TOTAL INCOME. THIS IS THE FINE TUNING STAGE, WHEREIN INVESTMENTS ARE ALLOCATED TO ENSURE STEADY CASH FLOW IN PREPARATION FOR RETIREMENT.
4. RETIREMENT- IDEALLY ONE RETIRES AND IS ABLE TO CONTINUE HIS CHOSEN LIFESTYLE WITHOUT HAVING TO WORK. HIS LIFESTYLE IS FULLY FUNDED BY HIS ACCUMULATED WEALTH.
THESE ARE THE 4 FINANCIAL LIFE STAGES FROM THE WEDDING MAGAZINES THAT CAPTURED MY ATTENTION AND IT WAS WRITTEN BY WELL KNOWN FINANCIAL ADVISER AND ENTREPRENEUR GURU FRANCISCO J. COLAYCO.
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