7 Best Investing Advices of Warren Buffet

Everyone listens when Warren Buffet offers an investing advice. Warren Buffet had never been shy to tell his strategies to come up with a $72 billion net worth and grow his company, Berkshire Hathaway, into valued at $212 billion.

Here's the 7 Best Investing Advices of Warren Buffet:

1. Cash is the worst investment that you can make over time.

Cash is a bad investment over time. We always keep enough cash around so I feel very comfortable and don't worry about sleeping at night. You always want to have enough so that nobody else can determine your future essentially.

2. Invest in a broad-based index fund that tracks the S&P 500.

If you're professional with a confidence, then I would advocate lots of concentration. For everyone else, if it’s not your game, participate in total diversification. The economy will do fine over time. Make sure you don’t buy at the wrong price or the wrong time. That’s what most people should do, buy a cheap index fund, and slowly dollar cost average into it. If you try to be just a little bit smart, spending an hour a week investing, you’re liable to be really dumb.

3. Invest in yourself.

The best investment that you can make is to invest in yourself. Anything that can improve yourself to develop your own abilities will be helpful to achieve success.

4. If you’re determined to pick stocks, don’t buy into a business you don’t understand.

It is very significant that when you buy stocks, make sure that you understand the business. Make a comprehensive research to the fundamental analysis of the company before you put your money to invest.

5. Focus on the competition as well.

“Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity.” 

6. Invest for the long haul.

"If you are not willing to own stock for 10 years, don't even think that owning it for 10 minutes."

7. The hardest part about investing: trusting yourself.

Trusting yourself is the hardest part about investing if and only if you do not understand the company to invest. That's why you need to study the company so that you gain confidence to trust yourself the stock picks you choose. To be successful investor, you need to get away from fears and greed of the people around you and keep on trusting yourself.


Source: Yahoo! Finance

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10 Filipino False Beliefs About Money

Many Filipino money beliefs are one of the main cause of poverty in the Philippines. Whether we like it or not, it’s the “mindset” that stopping us from being one of the richest country in Asia and in the world.

There are Filipino beliefs that are factors of the poverty in the Philippines. Whether you believe it or not, it is the "mindset" that make us rich.

There are 10 Filipino False Beliefs About Money:

1. Money is the root of all evil

Some Filipinos believe that money is the root of all evil and aiming to have more money will not do anything good in your life. This is completely false. Money is not evil and not the root of all evil. It’s how you do and how you use money that will dictate and provide results of how you think and see money.

If you use money to help other people, to bless others, to inspire your family and other people that will produce better results than the previous. You see, it’s the use of money that dictates its meaning. Money is just a paper, it’s how we use them that dictates its value.

2. One-day millionaire

Filipino has this one-day millionaire mindset that makes them poor. It’s something like they splurge left and right thinking that their money is unlimited. They’re only thinking the present time and not planning ahead.

If you have this kind of mindset, let it go. This will not help you achieve financial abundance.

3. Get-rich-quick mindset

Getting rich and achieving financial freedom is not a sprint, it’s a marathon. Forget the get-rich-quick mindset. Be patient, committed and focus working on your financial goals. Be informed. Be financially literate. These are the sure ball ways to financial freedom.

4. I came from a poor family

If you want to have breaks and if you’re really committed in achieving your dreams, let go of these mindsets and start thinking positive. Your situation must not be hindrance on what you want to achieve in life. As the old saying goes, “if there’s a will there’s a way“.

5. I’ll lose my friends and family

Nah, forget this belief! True friends stay whatever happens. And sure your family too.

Again, money is not evil. It’s how you use them. Having more money means more opportunity to help friends and family in needs. That should how you look at.

15 Well-Known People Who Failed Before They Come Up Success

Success will happen when you persevere the most difficult part of your life. Famous people who are most successful today also didn't happen for them overnight.

Take a look at these 15 persons who failed their way to success. Their stories are really interesting and hope it gives you inspiration for yourself.

This video below shows 11 famous individuals.

1. Michael Jordan
2. Albert Einstein
3. Oprah Winfrey
4. Walt Disney
5. Lionel Messi
6. Steve Jobs
7. Eminem
8. Thomas Edison
9. The Beatles
10. Dr. Seuss

Be an Entrepreneur.

“You don’t need to chase wealth, just become a real entrepreneur and the world is your oyster.”
-Amah Lambert

Be an entrepreneur today. Success and wealth will follow you.

Knowledge is Power.

“If money is your hope for
independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.”

-Henry Ford

The money will be never the basis of the independence, but your knowledge will. It is very important to keep on studying the the things that interest you, so that it will lead you to the life you want.

The best way to double your money!

Most of us suffering from overspending our money, and even I had experienced this. The safest way to double your money is to invest it wisely. There are lots of ways to invest your money like bonds, foreign exchange, real estate, etc. But for me, I love stock market that is why I gladly chose stock market in my investments because I love passive income, and it leads me to the way of financial freedom.

Spend wisely! Invest now.

Most of the think that their salary will make them rich, but the truth is: It is not their salary but on how they spend their money wisely.

What is Financial Freedom?

Financial Freedom is the ability to live your life to the fullest without worrying about money.

Steps on How to Achieve Your Financial Goals Successfully

1. Write them down

Write your personal goal in a piece of paper. Do you want house and lot? Do you want your dream car? All you need is to list it down. Make a checklist. It also helps you become more motivated.

2. Make them as detailed as possible

You need to make your goals to be specific like "What you want to acquire?", "What do you want in life?", "What things you need to be yours?" You need make it as clearly as possible. The more clearly you visualize, the easier it will be manifested.

3. Picture them clearly in your mind as already done

Visualize your dreams and personal goals as if it's already done. Try to visualize it early in the morning. Manifestation will help you to materialize your goals.

4. Then double them

5. Then double them again

6. Then double them yet again

7. Do that until you are the farthest edge of your imagination

Do some meditation to enhance your imagination. It's recommended to do meditation when you wake up early in the morning. Focus your imagination on your personal goals. Ask yourself on HOW you are going to accomplish it and WHY you need to accomplish it.

8. Decide what kind of person you need to become in order to make it happen

Think of a HERO. What is hero in life? It doesn't mean superhero like Superman, but a hero that you admire the most and you want to become that hero. Like for example, my heroes are my biological parents, Bill Gates, Will Smith, Warren Buffet, etc. It will easy for you to materialize your goal when you are inspired to do so.

9. Start taking the steps necessary to become that person

You need to TAKE ACTION! It is the most crucial step to materialize your goal in life. Do work it with FULL PASSION. Always do what you love! Be brave. Be Courageous. Just persevere. God is always there to help you. With God, anything is possible.

10. Don't let anything stop you

You can do anything that you want and need in life. You need to BE PATIENT. Just keep going. No one can actually stop you, except YOU. You can materialize your goals as long as you have patience, courage, guts, and determination.

BONUS REMINDER!!!

ALWAYS THINK POSITIVE, and BE HAPPY. Success will chase you. :)

Your true wealth is your WISDOM.

Your true wealth is your WISDOM! 
Wisdom
What's the difference between Wisdom, Knowledge, Information and Data?

Data is a raw fact and statistically collected for reference.

Information is a gathered data based on facts.

Knowledge is a fact, information or a skill that learned theoretically or learned from the books or lectures. 

Wisdom is the application of knowledge or a body of knowledge that develop through life experiences.

Yes. It is. The highest form of knowing is WISDOM.

Literally speaking, its SPELLING! grin emoticon 

And philosophically speaking, wisdom came from your life experiences, while knowledge is the product of your learning from the books and lectures!

Sometimes we need to fail in order to learn and acquire wisdom. 

Even if you fail, just keep persevere, be still, have courage, and have faith in God.

According to the Bible, the beginning of Wisdom is Fearing the Lord. Yes, it is TRUE!

You need to understand that God is the source of all wisdom.

Ask God for Wisdom, Believe in God and you'll receive Wisdom.

‪#‎LoveOfWisdom‬ ‪#‎Truth‬ ‪#‎Philosophy‬ #LawOfAttraction

Welcome to IMELITON Financial Education! Are you Ready For Financial Freedom?

I.M.E.L.I.T.O.N (Invest Money Excellently, Learn Intelligently, and Teach On Newbie) is information website that focuses the learning on financial education to increase people's financial literacy to come up with financial freedom.

MOTTO:

"Work hard, Work Smart, and Let Your Money Will Work Hard For You."

VISION:

IMELITON is a financial education website created by Isagani P. Meliton Jr that dedicated to increase the financial awareness, unlocking their financial potentials and giving them a better future.

MISSION:

IMELITON aims to:

- teach people how to manage their money.

- teach people on how to invest their money in a correct manner.

- promote financial education to increase their financial literacy for the better future of their family.

- help people to achieve their personal and financial goals.

Now, my crucial questions are:  

ARE YOU READY TO LEARN ON HOW TO MAKE MONEY?

ARE YOU READY TO BE RICH?

ARE YOU READY TO ACHIEVE THE FINANCIAL FREEDOM?

Well, this website is right for you. .. LIKE, SHARE, AND FOLLOW to stay updated!