The Problem of Youn Adults Today

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Hi thank you for continually supporting this blogger blog. We are currently moving into a new blog of the same title and below is an excerpt of the latest post:

Other investments, Out of the blue, Personal Finance

The problem of young adults today

by Louis Delos Angeles • October 4, 2012 • 0 Comments

I was thinking for sometime about why lots of young adults(the 20-35 age bracket)are always depress with their lives. In an office or workplace, you can easily see who are those people who are not satisfied with life thus they…



Go to http://investinginphilippines.com/the-problem-of-young-adults-today/ to read the  full article.

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Who is Suze Orman?

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source: http://www.suzeorman.com/

I have been a fan of Suze Orman's show in CNBC where she gives financial advice and there is a portion of the show where viewers can ask her if they can afford it or not.

She has established herself as a "guru" in personal finance. She recently visited the Philippines and gave a talk in NBC Tent in Taguig through an invitation made by Bank of the Philippine Islands. Below is the article from Philippine Daily Inquirer about her recent and talk in the Philippines.

source: http://lifestyle.inquirer.net

MONEY GURU AND BEST-SELLING AUTHOR SUZE ORMAN:

‘Helping people who can take care of themselves is not helping the Philippines’

By: Cheche V. Moral
Philippine Daily Inquirer 5:18 am | Sunday, February 26th, 2012 

When best-selling author Suze Orman said yes to the invitation of Bank of the Philippines Islands to visit the country and speak about “financial wellness,” an advocacy of the bank and, incidentally, also Orman’s, the money guru waived her usual fees.

The BPI officials said Orman also vetoed their offer to sell her books at the speaking venue, the NBC Tent in Taguig. The event was attended by over a thousand bank clients on Saturday, Feb. 25.

Orman has never been to the country until now, but she has a soft spot for Filipinos. Back home in the United States, four Filipinos are trusted household staff. “There are no greater workers than Filipinos,” she says. Believing in the Filipino skill, she specifically chose a call center in the Philippines to handle communications for her newly launched prepaid cash card in the US.

Her visit was facilitated by philanthropist Doris Magsaysay Ho, a longtime friend of Orman’s spouse and manager, Kathy Travis, who lived in Hong Kong from 1980 to 2000, and was a frequent visitor of the country.

A youthful-looking 61, Orman was born in Chicago, Illinois. She studied social work and worked as a waitress before landing a job as a financial advisor at Merrill Lynch. She started her own firm in 1987.

Her lively and spunky manner of giving straight, no-nonsense financial advice has made Orman’s eponymous show on CNBC one of the channel’s highest rated for the last 10 years. A two-time Emmy winner, she also has a new program on Oprah Winfrey’s network. Orman is the author nine books, all of which are bestsellers.(to read the whole article click here)

You can visit her personal website  

http://www.suzeorman.com to learn about her and to learn more about managing your finances. 

Ways to be debt free: Keeping your goals

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 source: http://creditrepairtipsandadvice.com

I guess this is the last step in achieving debt-free status(or should I say this is the unending step) that you and I has to do. Let us recap the steps:

1. Accepting that you  are buried in debt

2. Make an inventory of what you have

3. Discipline

4. Setting Goals

If you think the rich has no problem keeping their goals because they have a lot of money your wrong. People who are truly rich(as differentiated who are just rich) struggle the same way simple person like you and me  in keeping one's goal. 

But there is a difference.

Persons who are struggling to keep their goals who are buried in debt worry asking themselves where in the world where will they get money to solve their debt problem. 

 source: http://www.learnvest.com

Truly rich people on the other hand worry how are they going to generate money from their money to pay off current spending.

 source: http://mamacanon.blogspot.com

If you have read Robert Kiyosaki or Bob Procter this is what they call "the role of money" in one's life.

For people buried in debt or financially illiterate, they work for money. Day in day out even though they have earned billions or even trillions but they are still buried in debt so they keep working for money thus they become slave of money.

 source: http://i38.tinypic.com

What should we be doing then? We must make money work for ourselves by becoming the master of money. 

You might blurt out the Bible says "Love for money is the root of all evils" and I agree with you so you ask why then you want me to be the master of money?

Here is one truth: Money is neither good nor evil, its the person using it that is good or evil.

So let us make things straight, whether you are rich or buried in debt we face the same struggle in keeping our goals. If you are debt free your goal is to get out of debt. When you do get out of debt and become rich never ever stop keeping your goal to be debt free. Continue that goal and whatever extra you have save it and make it work for you. 

 

When you finally become rich my friend please do me a favor. As the master of money use it wisely. 

There is another truth I have learned and I want to share it to you: The best way to enjoy blessings is to share it. 

When you are at the giving end it feels so good and it creates that "ABUNDANCE MENTALITY" thus you struggle more not to get out of debt(because you are not anymore) but to make money work for you so that you can give more.