Where To Invest Your Money?
It’s that time of the year..YAY! Hooray for those who will receive their 13th month pay. In my company though, we’re not getting the whole sum of our salary, we’ll just be getting a very small portion of it (it almost feels we’re not getting anything). Just kidding!
Well, for those who are expecting their Christmas bonus where do you plan on spending it to? Perhaps new clothes? New shoes? Or for guys, maybe a new phone? Before you purchase any of those, you may want to check out this infographic that aims to help you decided whether to buy a new gadget or not.
Once you’ve received your monthly bonus, what would you do with it?
So you’ve got some extra cash on your hands. Tootoodo toodo toodo. What to do?
Below are just 4 things you could invest your Christmas bonus in to!
1. Stock market
Did you know that with just Php5,000, you can now invest in the Philippines Stock Market? You’ve read it right! With such a low investment requirement, almost anyone can now invest in our local stock market. Instead of investing it in things you don’t actually need, you may want to invest in your future.
It is very important though that you don’t just invest for the sake of investing. You need to familiarize yourself with the stock market and how it works before trying to jump into. Here are some tips on how to get started and where you can invest. You may refer to this link on how to get started by opening an account through Citiseconline.
2. Invest in Good Books
Investing in learning and education is the best investment one could ever do. You wouldn’t make any bad decision by investing into something that will help widen your knowledge and experience. There are many personal finance management and investing books out there that will help you learn from the experts and it’s important that you take advantage of such resources.
3. Invest in Seminars
While reading personal finance and investing books, bring your knowledge and experience into the next level by attending workshops and seminars that help you learn more about personal finance management and how you could improve your strategy in investing. You get more from your favourite authors when you actually get to meet them in person as they tend to explain the concepts much clearer and better when you meet them.
4. Pay off your debt
If you seriously want to be financially free, pay off all the burdens that’s been keeping you to progress both financially and emotionally. By paying off your debts, you are freeing yourself with worries and help you better strategise as to how you could build your wealth.
I know some people who promise the people they owe money from that they will pay off on their next salary, then their next salary till they reach the end of the month then luckily there’s the Christmas bonus as another event to promise. However, most of them ending up not giving their end of the bargain. By all means, should you have extra money, be sure to pay off your debts.
With all of the suggestions above, which ones are you most likely to spend your bonus to? Share them with us through the comments section!