The most awaited time has already come. Tick Tak Tik Tak! Most of the employees now talk about their 13th month & calculating how much they are going to receive. It is very exciting, indeed!
Perhaps, many among them already have already plan on what to do with their money. On my list are;
1. Replacing & upgrading to a new high version of smartphone
2. Purchasing a new set of appliances - as they called in REMEMBRANCE of the 13th-month bonus.
3. Paying out the 1-year old DEBT. Ouch! It really hurts.
4. Others, SPEND it in advance on loans in collateral of their ATM card.
If you check the list above it is all about SPENDING! Money doesn't grow. It is not bad at all to buy a new phone, pay your outstanding debt, item memory of 13th month or paying-off the advance loan.
In your mind, you did the very best for yourself. Unfortunately, it is not!
Actually, you can do better for your 13th-month pay. You can SAVE for awhile & place in a safe storage. Calm down the excitement that you have at this moment for you to able to decide smartly the purpose of your money. After a while, you can ask a financial expert or research on the internet for an idea where to best place for your money
It is wise enough to place your money to grow over a period of time. There are two ways that I can advise which is nowadays a perfect place INVEST your money.
First - Philippine Stock Market.
It sounds complicated!
Stock market investing is now available online platform. It can be accessed on latest smartphones. In fact, I do my trading (buy & sell) using my phone. This is the edge of the technology now. It is now one touch of our palm. Actually, it is easy to invest in just 1-2-3 I'm done. 30 minutes! Twice a month I'd check my portfolio. That its.
Second - Through BITCOINS
Yes! It's the new trend for now. If you don't know about this your far behind. You just wasting most of your time checking your Facebook newsfeed.
Bitcoin is the new cryptocurrency launch 7 years ago which can be used as a buying power to purchase goods & services. It has a value greater than dollars and gold.
The great news, Bitcoin is now available in the Philippines. It can now be transacted online using smartphones.
To give you an overview of this check the photo below;
Period: 2011 to 2017
Smartphone cost $399 to $1149
Bitcoin valued $1 to $8100
Philippine Stock Market Index 4371 to 8321
As you can see, the cost smartphone increased over the period of time but the values after a year or two declines. It deteriorates. No value at all. It is considered junk after 5 years.
Whereas, if you spend your money through Bitcoins & Stocks your money grows as shown in the table. The value of Bitcoin in 2011 is just $1 but in 2017 it has a value of $8100. It grows tremendously.
On the other hand, PSEI grows +47% in less than 5 years.
The decision is in your own hands now. You only have two options;
1. SPEND to satisfy your WANTS or;
2. SPEND to GROW your money over a period of time. Bonus, you can buy the latest smartphone at of that moment once you INVEST your money.
To learn more about #Stocks & #Bitcoins. Comment below.
Chase and work on your dreams
Lius Antiporta
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