Someone asked me via this page if he’d stay in the Philippines with his gross salary of Php15K/monthly and try trading or work abroad with a net salary of just a little less than Php100K.
I told him to pursue a new life overseas and trading can always wait.
He said he could relate with my “poverty” story and he wanted to change his financial state, but he has no trading performance yet.
Made me recall days I would wake up at 430am to catch a bus that would bring me to Makati. I’d leave office around 830-9pm to either catch the train or bus back home. Naalala ko ‘yung umuulan nang malakas at nagtry ako mag-FX sa Cubao at hindi ko alam na pasahero na pala mismo haharang sa sasakyan pasakayin ka lang. Naiiyak ako nun habang pumapara ng FX.
When you’re poor, you have less choices in life. Magtitiis ka with what you have. Kahit ayaw mo ang trabaho, kahit ayaw mo sa boss mo, kahit ayaw sa’yo ng boss mo.
When you’re poor, Vice Ganda is right when in a video it was mentioned na maraming kakawawa sa’yo. Maliit tingin sa’yo. Mababa tingin sa’yo kasi mahirap ka lang.
Hindi ako pinanganak na mayaman at alam ko buhay na walang-wala. Hindi one-size-fits-all solution ang trading na instantly gagaling ka magtrade at yayaman ka kaagad.
Kapag mahirap ka, hahanap ka ng murang pagkain, kadalasan instant o processed. Pipila ka sa public hospital. Mangungutang sa nagpapaloan. Mababaon sa utang. Sasahod para pambayad ng utang. Cycle never ends.
The first and most strategic way to change your financial life is to increase your income.
Secondary lang muna ang passive income, side raket o business. Main source talaga na magpapayaman sa’yo ay trabaho. Unless employed ka bilang trader, analyst, algo programmer or economist, tiyagain mo muna work mo kahit hindi related sa trading. Darating ka rin dyan. Hindi porke fulltime trader ka ay yayaman ka rin bigla. Mas okay pa nga maging employed ka sa financial institution at alamin mo pasikut-sikot sa firm bago ka magsolo.
When you’re poor, quality of life can also be poor. The only way to change that and speed up your savings or investments is to increase the regular income you get.
Kapag mahirap ka, nasa environment ka na parang hindi ka na makawala. Mainit ulo, andaming problema, dagdag pa saan kukunin pambili ng bigas o ulam.
Mahirap maging mahirap. Tama ‘yang magpayaman ka muna. Help yourself so you can help people dear to your heart.
He said he will follow my advice and he will process his documents soon.
Pinas man o abroad, if nagsisimula ka pa lang, try to find a higher income source as much as you can.
Trading can wait. Believe me, it is better to trade money you can afford to lose rather than trading money you are “scared” to lose. That will affect your trading psychology big time.
Money affects our psychology. Many problems can be solved by money. Not all, but some important things that will make life comfortable.
Original article posted 20 April 2024
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