What's your plan to 1 Million PHP???

"If you don't know where you are going, every road will get you nowhere. -Kinsinger."

P in the acronym PAM is Planning. I believe that if you want to go far in your carreer or achieve something, there is a need to plan. If you fail to plan, then plan to fail a famous quote that keeps reminding us that we need to plan. We can argue that a plan is not a guarantee that we can be successful but this plan will give us direction. It is our GPRS in our daily journey.

What is your plan for your financial future?

This a taboo topic and broad. I know you are not prepare to answer it because the busyness of everyday job keeps your mind away from financial concerns. Let me plan it for you. Financial freedom is your goal and we need to plan for it.

First, Build your emergency funds.

Most newbies grab the stock market without having this fund, sometimes they are force to follow gurus and sell their red stocks because of unexpected families need. You should have at least 6 months of your salary on this fund.

Second, Life and Health insurance. 

The best investment is to protect yourself and family. Secure yourself from a stormy weather.

Third, Invest on mid-risk investment such as mutual funds,bonds,uitf,vul etc.

Look for a trusted institutions with an average historical gains in their portfolios of at least 8%.

Fourth, Work your ass for sideline business.

Sorry for my word here. We use to depend in one source of income which is very dangerous, the possibility of termination and recession are part of of risks.

Fifth, The extra cash from sideline business can be use to invest on high risk investments.

Stocks and real estate falls on this category because both instruments need a proper research and study as well as high level of commitment.

I hope this helps.

Currently , I'm focusing on Google ads passive income to 1 million pesos target. I will be sharing my secret at the upcoming newbie course.

This  is equivalent to 5631.06 PHP monthly from Google Ads.

Please join me on my upcoming newbie trading course the next level;http://www.newbie.ph/p/newbie-intensive-trading-course.html

Sincerely yours,

Jonathan Ruiz
Newbie Mentor

P.S. I would love to see you inside PAM .

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