As an employee, my major source of capital is my active income from salary and allowance. I dedicate a portion of this to my savings as a payment for myself, my long-term investment. An expense that will buy my future.
If you also started saving already, how much did it grow in 2012?
If you put your money in a bank savings account, it grew by 0.75% MINUS 20% withholding tax. With this, it’s lunacy to keep your long-term investments in the bank. Yes, put your short-term money and emergency funds in the bank. But NEVER your long-term investments.
Please read Rowena’s amazing story below…
Two years ago, I started investing P3000 to P5000 in the Stock Market. (It becomes P5000 when my very generous Dad gives me money. Thank you Dad!)
But I was totally ignorant about the Stock Market. So I just followed Brother Bo’s TrulyRichClub’s instructions each month, buying the stocks he recommended through his Stocks Update eReports.
And in two years, from October 2010 to October 2012, my Dad and I put in a total of P102,000 only. But it’s shocking for me to know that my Stock Market investment now stands at P193,325. That’s 89.53% increase in two years. Or an amazing 44.77% a year!You can be like Rowena and become a multimillionaire in 20 years.
-- Rowena Mallari, Video Editor
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