Wise Boyfriend

07/02/2023

Income Continuation para sa pangarap mo sa family mo! 👨‍👩‍👧

Dahil alam nila na ang income ay hindi FOREVER.
Tulad natin, kahit anong industry ka pa, empleyado, self employed or business owner man, kelangan natin ng INSURANCE.

Follow niyo rin po ang IG ni baby meteor 💛

https://instagram.com/adriel_meteor?igshid=YmMyMTA2M2Y=

Again, Thank you so much po for reaching 500K followers! 🥹☄️🥰

20/07/2022

LIFE INSURANCE is not a product. It is a replacement for what could not be finished in our lifetime. USE it to create the future you want to see for your family. ☀️

19/07/2022

Life Insurance pays 💛

Why you can’t lose with a properly designed LIFE INSURANCE?

✅ If you die EARLY, your FAMILY gets paid

✅ If you live LONG, enough, YOU get paid.

✅ If you get SICK, YOU get paid

✅ If you get disabled, YOU get paid

✅ If you got into an accident, YOU get paid.

✅ If you decide to withdraw your INVESTMENT, YOU get paid.

LIFE INSURANCE PAYS ☀️

13/07/2022

Putting your life on hold to fulfill the promise of your child’s tomorrow is one of the biggest sacrifice one can make. 💛

Make every sacrifice worth it together with your

Worth it ang bawat sakripisyo kapag edukasyon ng anak mo ay nasiguro. 🎓

Check out Sun Life's Home for Good Packages here: http://sunlife.co/OFWKidsEducationalPlan

12/07/2022

When you INVEST. 📈🏦🚚

You are buying a day that you don't have to work.

11/07/2022

After almost a year of hiatus in posting, Wise boyfriend is back‼️

Yung Monday pa lang pagod ka na sa pakikipagtsismisan sa katrabaho tapos dumagdag pa yung overload na workload. So whatever is holding you back, here’s an inspiring quote about a comeback to help you bounce back. 💛

27/09/2021

Here’s why you should care about inflation. 📈

Inflation is all about the rise of cost in goods and services. 💸

Do you want to learn more on how to overcome this? See https://bit.ly/riseaboveinflation.

08/09/2021

Tips to fight impulse purchases.💡

Every month, there's an online sale promotion. Here are some tips to fight impulse purchases. By adding more steps to your buying journey like having to manually type your card number again or needing to reinstall an app, it might dissuade you from spending when it is not for essentials. Remember, only do this when it's applicable for you. 😉

03/09/2021

Golden rule of investing:

“Only invest what you can afford to lose” 💡

Elon Musk invested in Bitcoin. Should you do the same?

One of the most talked-about and controversial investment options today is Bitcoin. Recently, those in favor of Bitcoin felt validated when Elon Musk bought $1.5B worth of coins. Because of this, many are now rushing to invest also, kasi baka daw he knows something that we do not. So, yung iba umutang pa para lang makapaginvest. Do you know the value of one Bitcoin today? P2.2M!

I am not a financial person, and I am not an investor; instead, I am an entrepreneur. For my case, I believe the best way I can make money is by doing business. Though I am not into investing, I would like to help you understand what Elon Musk did from an entrepreneur’s perspective.

Did Elon Musk invest in Bitcoin because he expects his $1.5B to make him richer? Bitcoin is a very speculative instrument. Its value is based on what the next guy is willing to pay for the coin you own. Kaya it can go up very quickly but also drop in a blink of an eye. Do you know how much $1.5B is compared to the overall value of TESLA? TESLA is worth $800B today! So $1.5B is just 0.2% of the money they have! What does this mean?

If the value of Bitcoin goes up, it will add a little money to the coffer of Elon Musk. But if it crashes, even if its value goes to zero, it will not make Elon poor because P1.5B is loose change compared to the money he owns.

If I am as rich as Elon Musk, I will do what he just did. But I am not Elon Musk! And siguro the money that I can afford to lose in Bitcoin is P10,000 only. Pero that cannot even buy me one coin. Kaya I am afraid for some young entrepreneurs and investors who have bet all their savings on Bitcoin. I am concern because when they invested their expectation is for Bitcoin to make them rich. Eh paano pag nag crash?

Recently, I wrote about high-risk, high gain versus low-risk, low gain investments. Was the investment of Elon Musk high risk? I believe it is “low risk” para sa kanya because he invested money he does not need. He can make more money by building cars. Pero yung nag invests ng lahat ng saving nila sa Bitcoin, high-risk yun kasi they are hoping to get high gains in the future. In the blog I wrote, I said the problem with “high risk high gain” is that the chances of losing your money is also very high.

A month ago, I also wrote a blog that said, “Do not do what the rich do. Instead, do what the rich did!” Do you think Elon Musk would have invested $1.5B in Bitcoin when he was building TESLA? Of course not! He will invest that money in his company and in an area of his expertise.

I have nothing against Bitcoin. I believe it is a valid investment instrument that people can trade and make money from. But be careful! Please do not fall into the trap of thinking that it will make you extremely rich. If this is your expectation, then you may be gambling your money and your future away.

02/09/2021

Ber months na naman. May SLP ka na ba? 🤔☀️

Hi ka-InsPERA!

Magpapasko at malapit na magbagong taon, gusto mo ba magkaroon ng SLP na budget friendly?

For as low as 999php/month meron ka ng 2 in 1 plan! OO! tama ang basa mo! May INSURANCE ka na may SAVINGS ka pa!

Ano papahuli pa ba? Tara mag usap tayo. 📩

31/08/2021

“Pumasok na yung sahod, lumabas din agad” 💸

Guilty? Then break the cycle and pay yourself first by allocating a portion(10%-20%) of your income to your personal savings and emergency fund! If you want to know how to compute what is the right emergency fund for you. You can check it here! 👇🏻

Emergency Fund 🆘

Here’s a quick guide kung paano mo mabubuild yung Emergency fund that you never know you needed.

1.) What is an EMERGENCY FUND?

- It refers to money stashed away that people can use in times of financial distress or to cover the financial surprises life throws your way (Ex. Medical bills, Quick car fix, job loss, etc.). Iba ito sa savings wherein you save money for your financial goals (New appliances, travel fund, down payment for a house or car, etc.)

2.) How many months is enough?

- Most experts believe you should have enough money in your emergency fund to cover at least 3 to 6 months' worth of living expenses. But what we suggest is to start building your fund up to 3 months if may binabayaran kang mga utang then settle on constantly putting smaller amount of money until you achieve that 6 months worth of emergency fund.

3.) Where should I keep it?

Your emergency fund should be liquid, meaning it should be available anytime and anywhere. Put it in an ATM savings account na accessible sayo wherever you are but make you sure na it’s not too easy to access na matetempt ka to use it for unnecessary expenses. Remember, an emergency fund is for emergencies ONLY!

4.) How to Build an Emergency Fund?

- There are three things that you can do: Make a budget and live by it, Set a monthly savings goal, and adjust how much you save. The key here is yung discipline mo to constantly save every cut-off and living below your means.

Overall, an emergency fund serves its own purpose and that is when a sudden expense pops up at hindi sa mga emergency flash sale na tingin mo kailangan mo iadd to cart pero hindi naman, it can feel like an emergency—but that might not be true! So here are three questions to ask yourself to determine if you need to use your emergency savings:

- Is it unexpected?
- Is it necessary?
- Is it urgent?

The more you answer yes, the more likely that situation you’re in is an emergency and justifies using money from your emergency fund. If you still don’t have an emergency fund, we suggest to start building it NOW because you’ll never know when life gives you lemons. 🍋