| Helping You Plan for your Future
DEBT THREATS
Credit Card Secrets
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"A borrower is a slave to the lender" thereby, if given a choice, it is better to lend than to borrow. Money should be working for you, not you, working to pay out debts. Bad debts should reduced, if not, eliminated to help you gain control over your finances.
Good Debts vs.
Bad Debts
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There are two types of debts:
(1) Good debts which you allows you to loan a certain amount as a start-up capital or investment in exchange for a higher return.
(2) Bad debts are loans that doesn't allow any return in the near future like credit card debts for the purchase of unnecessary items.
These debts are threats to your financial health.
Important Money Concepts
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Many people are accustomed to the saying, "money is the root of all evil." Well, technically it's wrong, because money is an ammoral thing. It's not the money that is evil, but the user of the money. If the user of the money uses it to help other people, it becomes an agent of change, thereby, using it for the good of others. If you give it to a plunderer, then you know what happens, it becomes an agent of evil. Here we'll teach to change your outlook when it comes to money. Money is not evil perse! It's how we view it. Know the 10 Myths about money and how we can change our outlook towards it.
Many Filipino's take "debt" very lightly. It's something that is not commonly discussed because everyone is quite guilty of it one way or another. But don't you know that there's a deeper story behind this matter. How we view debts actually has a direct correlation with how we view money. If we cannot differentiate what money (cash or cash equivalents) and what are debts, were in deep trouble. With this, we help you understand these key principles and help you apply this principles in your daily lives.