How to Use Time to Make Millions

How to use time to make millions

Time to make millions

Start early!

When it comes to saving money and investing for your future, it’s never too early to start. Every payday, most of us are faced with the dilemma whether to start saving today or put it off until next month.

Here’s a story of a young man who knew that he could earn more for his future by starting to save earlier.

At age 22, Ping took the first steps in making his money grow. Every month, he saved P2,000 of his monthly income. Then he placed it in a good and stable investment that gave 10% compounded interest yearly. He did it for 10 years until he was unable to add more to his investment and forgot about it.

On the other hand, his friend Pong took his sweet time before investing. He waited until the age of 40 when he had money to spare. He followed the same steps but he doubled the amount to P4,000 so he could catch up with Ping.

Reap the rewards!

Twenty years later, at the age of 60, Ping and Pong crossed paths again. Can you guess who had more money?

Remember, Pong invested late but his P480,000 was TWICE as much as Ping’s initial contribution. With 10% annual compounded interest, Pong’s investment became 2 million pesos.

But Ping, who invested EARLIER, gave his money more time to grow. Even though he stopped putting in money after a while, his money continued to earn interest. Although his total investment was only P240,000, at 10% annual compounded interest, his earnings reached
6 MILLION pesos. THREE TIMES the amount of Pong’s earnings!

Start early. Earn more. That’s smart investing!

What should we start doing early so we can earn more?

Save regularly. Set aside a portion of your monthly income regularly for the specific purpose of investing. No matter how small, the key is doing it regularly.

Spend time to learn. Knowing the different kinds of investments available to you is beneficial to making your money grow. Find out what your options are and choose the one that best fits your needs.

Focus on your goal in life. Whether it’s getting married, living in your dream house, driving your own car, travelling abroad, or retiring comfortably, you need to establish SPECIFIC financial goals. Write them down to constantly remind you to make saving and investing a priority. Discipline and focus are the keys to achieving your dreams.

Start early and use time to your advantage to achieve your financial goals. Time is money and if you start investing early, your money will start growing too!

“Time is the only resource you can never get back.”

When it comes to investing, time is one of the most important assets.

Take advantage of the time you have to learn how to make good investing decisions.

You are welcome to attend our ”Basic Investing Seminar”.

public seminarofw

QUESTIONS: Have you started investing already?  If not, what’s keeping you from starting now?

Comments

  1. Hi, i’d like to invest a portion of my income every month, can you suggest where can i invest? Many thanks!

    • Mutual funds and UITF are some of the easy investment vehicles that you can try. You can check the list of Mutual Fund companies here http://www.pifa.com.ph

    • Pesos and Sense Team says:

      The stock market is one option. There is one conservative way of investing in stocks for the long term. It’s called “Cost Averaging”. You can learn more about it in this segment

      http://www.youtube.com/watch?v=XYU4F1Gn5tY&list=PL05401513C19954BE&index=8&feature=plpp_video

      Good luck!

    • Ogie Orate says:

      Hi Meilyn Ip, an excellent investment instrument that you can avail of is the Variable Unit Linked Funds that was introduced in the Philippines by Pru Life UK. It is an insurance with investment and savings component that will provide you with both living and death benefits. The living benefits are the withdrawable fund values that could grow to become your future retirement fund. You could start a plan at P2000 a month and just like in the story of Ping, have millions by the time you retire while at the same time feeling secure for your loved ones with the sum assured in the form of health and death benefits. I am Ogie Orate, Pru Life UK Financial Consultant and I can prepare a plan tailor fit for your needs. Contact me at 09178888516 and I will provide you with more information on how to make a successful savings plan.

  2. Hi,

    Would like to ask for suggested investments that could earn compounded interest. (please specify institutions, if possible)

    Thanks,
    Shiela

  3. Wilson A. Legaspi says:

    Hi! How does a mutual fund work?

  4. thanks for sharing :)

  5. Pamela Mandi says:

    Hi! My questions are, first, is it better to invest through banks or through insurance and investment companies? Second is, why? More power!

    • Ogie Orate says:

      Hi Pamela, investment in banks is for convenience only. As a rule, interest earned in investments should always be higher than inflation rate. Currently, bank interests ranging from less than 1% in savings deposits to 3% on time deposits, are below inflation rates that range from 4 to 6%. So any earning in bank interests are easily eroded by inflation rates. On the other hand, if you really want to save for your future, the Variable Unit Linked Funds of Pru Life UK could make your savings grow annually from 10-30%. In particular, you could save through Variable Lfe Insurance products that provides both living and death benefits. The living benefits are the withdrawable fund values which are invested in various investment instruments of your choice. So for your monthly expenses, leave some amount in the bank for convenience but for long term savings, it is best to avail of variable insurance plans of Pru life UK which is currently the fastest growing multinational insurance company in the Philippines and with its Funds Manager, the Eastspring Investments as the largest Retail Asset Management in Asia. I am Ogie Orate, Pru Life UK Financial Consultant. Contact me at 09178888516 for more information on how to invest through variable funds.

  6. Romarc Alcoriza says:

    Hi! My question is that which investment I may be able to have a compounded interest annually?

    • Leandro Fiola says:

      Invest directly to the stock market. Unlike mutual funds, stock market investment can be compounded given that you sell your shares from time to time. The profits from your sold shares will be used to buy another stock. That’s how compounding works. But if you’re a conservative investor and if you want to avoid risks, then maybe mutual fund is good for you.

  7. After reading the story of Ping and Pong, I’m still considering investing in the stock market using the peso-cost averaging method. Don’t you think it is too late for me to start, now that I am 50? What is your advice?

    • i’m not a professional adviser but i believe that it is better to allocate a small amount in the stock market while the majority should really go to more conservative ones like bonds which could make one’s money grow above the inflation.. just my opinion.

  8. rina asuncion says:

    i was curious about binary option.. is it legit? what about this site http://www.cedarfinance.com/ ?

  9. Guys what is the best mutual fund in PH?

  10. Nehemiah Lopez says:

    Question lang po Sir Aya regarding the online seminars nyo, how about other persons na walang paypal, is there any other payment method para ma-avail ito para sa mga taong walang credit card. Salamat.

  11. hi sir, ano po bang investment ang may 10% compounded interest? Can you give me an example po.. thank you po..

    • Leandro Fiola says:

      available ata yan sa mga cooperatives, depending on a cooperative but if you want higher return, why not invest directly in the stock market? hehe

  12. This is great! But what type of investment account offers steady rate and if possible, risk-free?

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    I had no trouble navigating through all tabs as well as related information ended up being truly simple to do to access.
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  14. MICHAEL ANGELO OPINA says:

    hi aya,
    ask ko lng san ako pwede mag invest kung saan mayroong compound interest…?
    i’m planning to open an account at COL BEFORE THE END OF 2013. I’M 34 YRS.OLD.

    thanks!!

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  1. [...] How to Use Time to Make Millions [...]

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  3. [...] This was also Pong’s excuse when Ping encouraged him to invest as well. (Read their story again here:How to Use Time to Make Millions) [...]

  4. […] Keep in mind that when it comes to investing, time is one of your most valuable assets. The earlier you start, the more time you give your money to grow this is why it’s very important to ACT NOW. (Read: How to Use Time to Make Millions) […]

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