Many our fellow Filipinos go into investing without really knowing why?
It is very important to know your what, why, and how- people will follow you.
That is what we call the power of clarity as what have been shared in our wealth strategies from Bo Sanchez
1. Be clear about your vision.
What is it that you really wanted from life. Make a list, and every time one is accomplished check it out, list down from the very smallest thing that you ever wanted, so you can check even everyday. How much of your monthly income you will set aside to invest in the stock market? you will give as tithe? your emergency fund?
2. Be clear about your values.
"Values are your internal compass" In the end, long-term happiness can only come from consistently living by our highest values". Whenever we will be faced with difficult situation of choices... we just need to look back on our values.
3. Be clear about your vehicle.
One must be clear about the investment vehicle he will be using, and understand it. If it stock market investing, one must seek to learn how it works, or seek a mentor that could him to the right stocks.
"Willpower" Do you think willpower gives a man the strength to lift a burden the camel cannot carry, or to draw a load the oxen cannot budge? Will power is but the unflinching purpose to carry a task you set for yourself to fulfillment. If I set for a task, be it ever, so trifling, I shall see it through. how else shall I have confidence in myself to do important things? (The richest man in Babylon) should I say to myself, "for every monthly salary that I get i will put 10% of it to stock investing. if on the 7th month I forgot to invest in the stocks, i will not say to myself that the next month i double my investment, instead I will deposit right away the equivalent amount the moment i remember the task. I will not deposit a large amount to cover the whole year deposits so i will enjoy the leisure that goes with it.
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