I have a lust for savings and investment at this moment. I’m so eager to learn more about personal finance and excited to be a millionaire in 5 years time (or less), i’m being optimistic here. God is our provider and he just have his own perfect time when it comes to answering our prayers. This month, one of my major faith goals was answered, that is to be Debt Free and start savings and investing. I’m not 100% debt free as of this moment but at least 90% debt free (Aaawww, Thank God!). I don’t have the ideal of at least 3 months emergency fund but I have 2 months to start(My goal is 6 months).And lastly, I started to invest in Banco De Oro’s Easy Investment Plan (BDO EIP) with an initial monthly investment of 13% of my net income, I named this storehouse as my retirement fund since I don’t need this money in 10-15 years so I put in BDO Equity Fund. Aside from having a BDO payroll account, and that my sister is working with BDO, I choose this fund because it earns more than inflation rate, it’s automatic and you can start investing at a minimum P1,000/monthly. For more information visit their website www.bdo.com.ph, they also offer free personal finance seminar, you can request schedule through their website.
I want to retire at 40-45, so I can still enjoy and spend time with my loved ones, that’s why I choose to start early. If I knew all this personal finance stuff 10 years ago, I should have started at my 20s. But no regret, I enjoyed the fruit of my labor so far and it’s not too late to invest and make my money work for me. God don’t want us to stay in lack or to have just enough, His purpose is to bless us with more than enough so we can also be a blessing to others. Remember God’s promise for everyone of us in Jeremiah? “For I know the plans I have for you,” says the Lord. “They are plans for good and not for disaster, to give you a future and a hope. – Jeremiah 29:11