NU IDEA #2 by AJ Guinto

NU IDEA #2 Saving VS. Spending Wisely I have been thought by my parents and everyone else around me to make sure that I save money. There's this traditional savings that whatever you get, you take a percentage of it as savings, for others, not even touch the money unless you really need it. But from my experience and how I realized it, it is better to spend wisely than save money. And When I say spend money, is that you really spend money even if you have no savings left (This only works when you're young and has a stable cash flow). Here's my take on Savings, Forget about it! unless you know you can actually save a significant amount that can change your life. Otherwise, spend it, spend it to expand your knowledge, spend it to build your network, spend it to build your confidence, spend it to gain more experience. I'll give you an example, so you're earning a good 50k php a month for a start-up employee, great! So you actually have an above average salary. And you would be tempted to buy phones? jewelry? Travel? And people would tell you to hold on it and save 30%? 10%? 20%? Save what? 5 to 15 thousand pesos? And in a year you save how much? 150 thousand pesos? How can that change your life? It may be ridiculous but here's my take on this. Spend for a 50 thousand peso watch, or a handbag for women, so the next time you go into a meeting you can present yourself better, believe it or not but expensive accessories actually brings more confidence to a person and not because you're wearing it, it's because you're letting the other person know you have it. Spend for Travels, in that way you can share your experiences to every small talk conversation, nobody wants to talk to a boring person, whether you like it or not your going to talk of something else other than the business at hand, and if you're not prepared for it, it can be that one thing that takes you from closing a deal and losing it. Spend to party, attend gatherings, The more people you know, the more opportunities it brings you, The better possibilities that one can take. The bottom line of this Idea is, Invest in yourself, and really invest in your self, because these opportunities can give you income more than you can imagine and if that happens, that's the time you start saving.3 Alvin James B. Guinto