So you want to be a Millionaire?

A lot of people always think that you need to be an investment whiz to make good money. Actually, being good in investment does not mean you will have a lot of money if you don't know how to save it in the first place. There have been a lot of bad stories of people losing so much money because of making wrong decisions in their investments.

In Philippines nowadays, everything is expensive. From the cost of food, clothing, bills (phones, electric, water) etc... and it will become more expensive by an average of 7% a year due to inflation. If you don't know how to save you will be financially depleted.

Think of your daily expenses and quantify it.

Let us see how much you spend unconsciously:

* Smoking/drinking alcohol/gambling...................P 50.00/day * 30 days = P 1,500.00/month
* Shopping........................................................P 500.00/week * 30 days = P 2,000.00/month
* Dining out.......................................................P 100.00/day * 30 days = P 3,000.00/month
* Drinking softdrinks/Buying Chips......................P 30.00/day * 30 days = P 900.00/month

TOTAL = P 7,400.00/month

P 7,400.00/month (cost of unnecessary expenses) multiply by 12 months (1 year) will cost you
P 88,800.00 in one year. For ten years you spent more than P 888,000.00.

Ask yourself everyday. "Is this necessary?"

The trick in having a lot of money or having little money is in small things. Save enough money to last for a lifetime.