I was motivated to look for job after college. While one of my sister studied commerce major in business maanagement, I got some ideas about business. In her, i learned that a good must be mark up by 30% as profit. Let us say, if I wanted to buy clothes or any goods at 100 pesos, I should mark up it at least 30% . Therefore, I should sell it at 130 pesos and have a 30 pesos profit. That is a good idea i have learned about her. It is good to have business of any kind as long as it is what the market is needed. I also learned from my late father about selling rice. He does not want it to be in credit. If you want to transact business, it should be in cash basis and do not ever involved in credit. Or else your capital might lost. That is also a good idea i have learned from my late father. He said, even a very small profit as long as it is cash, then it is worth it than to stock your goods for a long time. Money should rotate.
Another thing that I have learned from my other sister who got married is that, do not put yourself into credit. Be contented of what you have. Also from my mother she said "live within your means". If you have a lot of credit you will not have peace, your mind will always bothered. Take initiative, God gave us wisdom and the knowledge to get wealth. My mother is always giving me wisdom about life.
Also I learned from the book I read entitled within your reach, it says about how important to save. It says that out of our income, we must save at least 30% of it. Learn to save more for the future, invest for your health insurance and other insurances that will help you in the future and that you wont use your own money from your pocket. Like fire insurance of your house, health insurance and the like. Then later on use your saved money to invest it and make it grow. Let your daily expenses out of your salary or wages, then later on, you can use your income from your investment for your needs. Later on let your money work for you not work for money anymore. at this time you had a good source of income. It depends of your lifestyle what kind of life you wanted to have. But remember, of all these things, having a good hand to use the money is very important.
I knew it for a while but still struggling with finances. This is due to concerns of family needs wherein you wanted to extend help. Also some debts need to pay that had been incurred by parents. But above all, we must see to it what purpose you have in heart why wanted to earn money.Of course for future and for our daily needs. But I realize that it is important also to include God in all our desires in life. Thus, one of the purpose I wanted to earn because I am committed to help the mission field for the missionaries to continue to share the gospel. THis has been my desire and still being reminded after we had our mission conference. GOd giveth and God taketh away. So no need to worry because He is the owner and we are just the steward. I hope we are all good steward by God.
