Automatic Savings Program: Your ASP!

There are a lot of things you can read about financial freedom. Pero, meron ba doon na in an instant masasabi mo na tumatak sa isip mo? You may find over the world wide web na halos pare pareho nadin ang sinasabi nila. Kaya nga kung minsan hindi mo na alam kung saan ka magsisimula dahil naunahan ka na ng pagkalito sa dami ng gusto mong simulan ...

There's one principle I have always believed (I mean isa sa madaming I always believe in) and that is the AUTOMATIC SAVINGS PROGRAM. Ang isang ASP ay maaring naka auto deduct sa iyong bank account, or sa salary mo because of your shares of stock sa company or cooperative, or maaring something that you have enrolled in thru your bank and/ Or thru your MF (Mutual Fund) or VUL (Variable Unit Linked) account. 

Isa lang naman ang pinaka importante dito, kailangan AUTOMATIC. Dahil kung hindi ito automatic, tatamarin kang ipunin ito, because you will probably say next month nalang. Thus, delaying your power to maximize your potential to earn. In fact, you are also skipping the power of compound interest. Ang compound interest ay may certain levels, if na miss mo ang first cycle, lagi kang back to zero. Kung ipon-withdraw-ipon-withdraw ka, hindi mo na maximize ang compounding dahil lagi kang nagsisimula sa ZERO. E pano kung nagising ka sa katotohanan at 55 years old ka na? Oh no!!! huli na ang lahat, 5 years to go gusto mo na pala mag retire at kahit singkong duling wala ka naipon.  

Don't make things complicated, just set up an Automatic Savings Program for yourself as a basic rule, Anyway, at the end of the day, you have saved something for yourself. But of course, maraming components ang financial planning kaya dapat aralin. 

Whatever your financial decisions maybe over a period of 10-15 or 20 years before retirement, there's something to always look forward to. Setup your ASP. 

But of course tulad ng paalala ni Sir Aya Laraya of Pesos and Sense aral muna bago invest, kaya ang pag iinvest ay lagi dapat pinag aaralan at pinag paplanuhan.

Ang next step, saan naka allocate ang Automatic Savings Program mo... :)

Praying for your success, 

Jendee

Image from Investopedia