Franky826:


How?

leadway assurrance has this in place. It is called Leadway Investment Plan

Pay Day Investor by ARM investments also is good.

Both are dully registered under SEC.

You should always do due diligence. Investment is not magic so don't be greedy

You have to be very disciplined while doing this .
First of all have a monthly budget for expenses and savings... Save atleast 15% of your earnings every month and 5% emergency savings for unforeseen circumstances.
Secondly look for investments that you can pay monthly premiums (5k and above ) which will yeild you income when the duration expires in the case of Savings Plan and Investment plans or you could open a Mutual fund account with SIBTC, ARM investments etc. That way you can have money when you are old (50yrs and more) similar to a conventional Pension Plan.

Do you know that investing 500k (one time payment) now with a Investment Company will yeild up to #1.5m (based on todays interest rate) in the next 10yrs.

contumely2:
I am a man in late 20's.
I grew up in lack. I suffered so much growing up. In fact, at a point the court had to eject us and threw our properties on the streets for inability to pay rent.

School fees were paid in instalments. Not like the fees were much even. But the funds were never there.


God has blessed me reasonably in the past few years. I made a lot of sacrifices too, denying myself pleasure, delaying gratification etc.

Lately, I noticed that I have been extravagant. Some of the extravagance is masked as charity to people.

I hardly say no requests and I empathise and pity people a lot.

If I lend money to 10 persons, only 3 will pay back.

I also buy some things on impulse; without planning. I regret some of these purchases later.

HOW DO I STAY motivated so as to save more to invest because the future is uncertain. And money is not always there?

I also understand that those we help may abandon us in time of need.

I don't want to learn the hard way.

Kindly share your experiences with grace to grass; or with people you helped in times of plenty.

Or your regrets with finances especially early in life.

Thanks!