I am 23 years old and I have started investing in Mutual Funds. I believe that you should start early so that your funds will accumulate in the future. Most people at my age don’t usually think about securing their future or financial planning. As an advocate, as much as possible, I try to convince and tell my friends that they should start preparing for their future. Even in a simple gathering, whenever I have the chance, I would talk to them casually that they should start investing early. I have friends who work for banks and they know that their money would grow that much if they would just put it in the bank. Most of my friends also spend too much on their wants. They go on luxurious vacations, eat in a fancy restaurant, have the latest gadgets and wear signature clothes. Honestly, I don’t envy them because I know that those things are not necessities and that I could live without it. As Bob Ong would say, “ayokong nasasanay sa mga bagay na pwede namang wala sa buhay ko “. To wrap it all up, I can say that you should start with yourself then influence others. It’s Time!
Yup, I agree with you. We should not indulge ourselves with luxurious lifestyle. I’d rather live a simple life now while I am saving, and then move to a higher standard lifestyle, that I am sure I can maintain, once I have attained my financial goal. It’s a very good idea to start saving early,and investing in mutual funds and insurance with endowments are good tools for forced savings.