Updated: December 8, 2021
Listen to this episode:
Summary of Episode 20:
The story of my visit to my doctor friend. (1:00)
I’m a firm believer that you should not invest on things that you don’t understand. That’s why the first step is always to invest in yourself, to invest in knowledge. (3:45)
Watch a FREE online financial coaching video: Visit imgwealthacademy.com
People fear (and hate) losing money. But at the end of the day, considering all things, money is simply, just money. Pera lang “˜yun. And more importantly, it can be earned back. (6:53)
Let that emergency fund remind you that you have great money-saving skills. And fortunately, those are the very same skills anyone will ever need to create an investment fund. (8:20)
There’s no perfect formula for choosing the best and most profitable investments. And there will be times that you’ll make a bad decision and lose money. (10:32)
For each investment decision you make, the good ones will fine-tune your skills, while the bad ones will at best, help you expand your understanding of investments. (10:48)
When you make it a habit to invest regularly, you will eventually end up with more winners than losers. (11:00)
When it comes to investing, everyone is afraid to lose money. Ask even the most seasoned investors, and they will confess that they were once a bucket of fear and panic when they started. But they never let their fears paralyze them. (11:15)
[…] For the show notes, visit my blog post here. […]