How to start changing your financial life



I have been blogging and saying out loud that we Pinoys need to be in control of the investments in our country. Who else would best invest in the Philippines than Filipinos.

But the problem with that is Pinoys are never taught how to invest. Our school system concentrated in memorizing the lessons to get a perfect 100% or a straight A grade.

I am happy that from a few years back where the topic “stock investment” is something no one would know is now becoming a thing of the past. Thanks to financial literacy advocates and abundance thinking leaders like Bo Sanchez, Aya Laraya, Charmel delos Santos-Marcial, Floi Wycoco, Nikki Yu, Efren Cruz, Vic & Avelynn Garcia and the rest of authors,speakers, bloggers, and forum organizers Pinoys now are a bit conscious of their finances.

The top question I get in terms of starting your own fund or stock investment is how do I start.

Diving to the stock market head on is actually suicidal. That is why I have always advise most first to save(specially for emergency fund) and then to understand(that is as Aya says “aral muna bago invest”). These two task are essential because you can’t go buy stocks if you have no free money to buy and have no idea which stocks to put that precious money. Such idea is actually overwhelming. We(financial advocates) are not insisting that you save 5,000.00 pesos from your 18,000.00 salary in order to invest in the stock market. First you got to look how are you spending your hard-earned money.

You need not to cut a big chunk of your bi-weekly salary just to join the stock market investment bandwagon. What you can do is to start saving small amount everyday as small as 1.00 peso. You might scratch your head but starting small is the key. That is why I said in the photo above(yah that is me) you have to do something small today towards achieving your goals. As you do the small savings and small reading about the stock market you gain confidence that in a few more days you can now save more than 1 peso(probably 2 pesos or 5 pesos a day) and probably read not only a paragraph of the business section of the newspaper but rather the entire business section of the newspaper plus 2 paragraphs of your chosen financial related book.

As they say the way to eat an elephant is by eating it small chunk at a time. You got to start today even if you start small because that bit is still part of that big goal which one day will just be a bit because you have already eaten the rest of it.

See all awesome STOCK REPORTS in PinoyInvestor! (size 375x192)

About the blogger

Louis Delos Angeles is a Certified Public Accountant, blogger behind Investing in Philippines, and author of Investing in Stocks: Preparing for the future small amount at a time. Check him out in Google+ Learn more about Louis and his financial freedom advocacy here.

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2 comments for “How to start changing your financial life

  1. September 23, 2014 at 11:28 am

    thank you for posting this..can you pls suggest best sites where i can read more about investing.

    • September 24, 2014 at 9:56 pm

      You can check out my old posts by searching this website 🙂 , if you are familiar with Bro Bo’s book 8 Secrets of the truly rich then re-read that book. It has lots of knowledge that can help you on investing. Most forums now a days are just full of noise and hypes so choose well which FB stock investing/trading you follow. Also if you have not read the Rich Dad, Poor dad book by Robert Kiyosaki I also highly recommend it. Besides the 8 secret of Bo Sanchez you can check his Simplify books. I think those two books are the best in helping a person in taming their finances.

      Let me know if you find these books of great help and would appreciate if you can share it here.

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