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Showing posts with the label personal finance

The Secret to Saving & Building Your Future

IMG has really shown me that true fulfillment comes from doing something you’re extremely passionate about, which has meaning while creating a positive impact on the lives of other people. Just knowing that I have the ability to one day leave a huge legacy by simply doing what I love is something beyond my wildest dreams. A huge part of my success has definitely been attributed to my amazing coach, Nancy Martin, the unconditional support and love from my family and my IMG family! My success in IMG is truly due to my team and if it wasn’t due to their determination, passion and drive to motivate change and transform lives, I wouldn’t be where I am today. This is really just the beginning for all of us and I can’t wait for what the future holds for IMG in Olongapo! Sometimes I pinch myself when I think about how privileged I am to generate an amazing income that affords me an incredible lifestyle, all while doing what I love and changing people’s lives at the same time. “Find a missi...

Budgeting: Track, Adjust, Test

Slowly but surely. TRACK, ADJUST, TEST, and AUTO SAVE Income - Savings = Expenses I believe that most of us had already seen this equation and would agree that this is the right way of saving for our future. But sometimes it's really hard for us to know how much we can actually save from our income. So let me share an idea. First TRACK your expenses for the past month. It is important for us to have a visual illustration of what we have spent. This will give us an idea on where we are overspending and what areas we can actually spend less on. ADJUST - It's time to make a BUDGET. Look in to the expenses that you can actually adjust and set a limit. Start first with your discretionary expenses or the expenses that you have the choice to decrease or not spend on. If you have debts, then maybe you can also increase payment for that part. By doing this, you will be able to come up with your target savings. But wait! Do not set aside yet your target savings this coming "sweldo...