Investing Should Be a Habit, Not a One-Time Task

Updated: April 9, 2024

You don’t have to wait for your Christmas bonus or 13th-month pay to invest because a lot of companies have now lowered the minimum investment required for you to open and top-up your account.

For example, you can now start with as little as P1,000 in COL Fund Source or Seedbox, which are online investment platforms for mutual funds. Moreover, commercial banks like BPI and BDO also have investment plans that only require at least P1,000 to begin.

These are just a few of the several companies in the country today, which have made it easier to open an account. And with such a low amount, it’s now a more achievable goal for everyone to start investing.

Have a good start

Opening an investment account is almost similar to opening a bank account for the first time. A lot of forms must be filled out, and several documents need to be submitted.

Most people get turned off during this process and don’t finish the application. It’s unfortunate because they’re missing out on a great opportunity to grow their wealth through investing.

But for those who were patient enough, they’re definitely off to a good start towards becoming financially free. And it’s an absolutely great feeling when you invest your money for the first time.

Make it a habit

Opening an investment account is just the start. What many fail to do is be consistent with investing and making it a habit, which is the proper way to really grow your money.

Just think about this…

A lump sum investment of P100,000 that earns 10% per annum will become 1 million after 25 years. However, investing P1,000 every month on the same instrument will become 1 million after 23 years only.

Not only is investing P1,000 monthly faster, but it’s also more realistically doable.

You may not have P100,000 right now, which you can invest in the long-term. But I’m sure you can definitely afford to invest P1,000 every month for the next several years.

Investing regularly, even if it’s just a small amount, will build up to a massive amount in the future. Plus, you won’t feel stressed about cutting out a large portion of your budget for your daily expenses because it’s affordable.

And while 23 years is still a long time to wait for a million — the real goal is to eventually invest more as your income increases over time.

You can start with P1,000 per month today, then work on being able to invest P1,500 every month next year, then P2,000 monthly the year after that, and so on.

Reap the benefits

Whether you’re doing peso cost averaging or simply investing whatever amount you can afford regularly, you’re already financially ahead of someone who never started.

And you’re a step faster to becoming wealthy than someone who invested just one time and never again.

Remember that being consistent is the key. Investing should be a habit, because, like the Egyptian pyramids or the Great Wall of China, wealth is often built one brick at a time, and not all at once.

What to do next: Click here to start your financial journey with IMG Wealth Academy


  1. Hi fitz,

    What bank and what type of investment can you recommend where I can initially invest 1,500 per month (this is the only amount I can afford monthly). Thanks in advance.

  2. 100% agree that investing is for life and should be a regular habit. Opening a new account is a challenge in the Philippines. The Philippine banks that offer brokerage services make you jump through way too many hoops to open a stock trading account. Months ago, we inquired at two banks where we regularly do business and both insisted my wife had to make a trip into their main branch to complete the application and “interview,” whatever that entails? She did so with one bank only to be told they required even more documents than what they first stated she should bring with her. We put it on hold.

    I recently began to see weakness in the market and pressed the issue again, that a local stock trading account should be opened to pick up stocks after a correction.. I learned of United Coconut Planters from this blog (thank you Fitz) and was very impressed that UCPB is, to my knowledge, the ONLY Philippine brokerage that pays interest on un-invested money. A bank with rural beginnings, should be easy to do business with? I thought for sure we had a winner. WRONG, the local branch knows nothing of trading and insisted my wife must go into the main branch, in the city to open an account. THAT, will not happen during a lock down for COVID-19. This part of our 4 point financial & wealth building plan will be on hold for a while I guess?

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