MY TOP 3 Investment Goals:
1. To be a millionaire before tha age of 27.
2. To have a house with swimming pool.
3. To have passive income from renting out acquired real estate assets to tenants.

MY TOP 3 concerns with regards to investing:
1. Losing my capital
2. Asset depreciation
3. Wrong timing

My Top 3 reasons why I think I will accomplish my goals:
1. I am determined to achieve it.
2. I know I am smart to be able to achieve it.
3. I started early in educating myself on financial literacy at age 21.

my top 3 investment goals

real estate (rental properties)
businesses
paper assets

my top three concerns

ofcourse financial independence
education
retirement

my top 3 reasons why i think i will accomplish this goals

because:
I CAN…..
I WILL….
I AM!

My top 3 investment goals:

1. Enough Forex portfolio
2. Enough Stocks portfolio
3. Shareholder of a good corporation

My top 3 concerns with regards to investing:

1. Lack of capital
2. Lack of financial literacy
3. Job security versus financial freedom dilema

My top 3 reasons why I think I will accomplish my goals

1. Strong determination to get out of the rat race
2. Risk taker
3. Continually educate myself on financial literacy

Wealth to me is something that relates to ones financial standing, how much you have in assets, tangible and intangible. It is very interesting how many are considered wealthy yet, are still dissatisfied in life. And on the otherhand, we have ones that are lacking family finance but are considered happy. This makes me wonder whether being wealthy is linked to happines or rather having investments or secure financial future would partially contribute to making one’s life live in contentment. Or maybe not. The rest is up to the chemical components of your brain and your experiences combined. This is just a thought. Or perhaps true wealth lies in your wisdom and knowledge.

Wealth to me is achieving financial independence. The point when you’ve accumulated enough in your basket (cash, securities, property, real estate, etc.) to generate the required passive income that can sustain your chosen lifestyle. Quoting from “Millionaire Next Door”, it’s having a “Go to hell” fund which means you can survive without lifting a finger. Work therefore, becomes a choice rather than a need.

3 investment goals:
retirement fund, kids’ college fund, & acquiring income-generating assets

3 concerns:
balancing the portfolio mix, ignorance in other investment instruments (i.e. FX trading, equity trading, commodities,etc) insufficient insurance & medical coverage

3 reasons:
bec I have vision, bec I am disciplined, and bec I continually educate myself

Wealth to me is a measure of being content with your current financial situation, giving you the time to focus on the more important things in life.

Top 3 investment goals
1. short term - my first million
2. medium term - buy my own place (house/ condo unit)
3. long term - live off passive income

Top 3 concerns with regard to investing
1. investment capital (the lack of or the slow inflow of)
2. information on and knowledge of investment options (the lack of, the lack of available and/ or reliable sources)
3. risk appetite (liquidity concerns, capital losses)

Top 3 reasons why I think I will accomplish my goals
1. I am determined
2. I do my research
3. I am able to manage my money well

Aspiring Entrepreneur, you know what you want at a young age. Pretty interesting. Keep working on that dream. So, how old are you right now?

Kelly, thank you for participating! Your number two and number 3 goals are related, or do you mean you want to be a major stockholder of a good corporation?

Kelly again: On your concerns, I realize that we are all conscious and trying to attain financial literacy here. Would you tell me exactly what you want to learn more?

Lilian, true wealth requires balance, and that balance depends on a person’s value system. IMO, someone who wants to live simply will never be happy with the frenetic materialistic lifestyle most people live. And whether we like it or not, someone who enjoys the “finer” side of life won’t be happy living in the boondocks with not a penny to his name. Bottomline, true wealth means to many people. that’s why its always an interesting question to ask

hi frugal investor, i wonder if there is anybody on earth who will consider himself wealthy even if he doesn’t have much money :). Or is that a “happy thought” good only for hallmark cards. what do you think?

carlos, thanks for responding! very interesting definition of wealth there. does that really mean you think the amount of money is not important?

I supposed that a blogspot called “MONEY SMARTS” meant we were talking about money when you brought up the terms “wealth” and “investment”.

If you wanted to hear my 2-cents worth on “happiness” and the “richness of life”, then of course, that adds a whole new dimension to what is wealth to me … or what my top 3 investments would be.

But to answer your question: financial wealth is merely a means for living, and must not be confused as the end or reason for living.

Thanks Salve..

Thanks also to all respondents..

regards,

wealth to me is being free of the 9-5 and having multiple streams of income to fund my desired lifestyle. focus on cashflow first, big paycheck later.

top 3 investment goals:
1. 3month goal - generate positive cashflow from my home based business.
2. 6month goal - to confidently buy “businesses” in the stock market both local and the US. not just buying shares in funds.
3. 12month goal - to buy a real estate property below market rate and that can generate positive cashflow.

top 3 investment concerns:
1. still looking for a mentor.
2. paralysis by analysis.
3. how to learn “hands-on” when i’m an ofw.

top 3 reasons why i will achieve my goals:
1. i have made concrete steps (although small steps) towards my top 3 goals.
2. i have found friends who have the same mindset on investing and who push me on to take calculated risks.
3. i continue to look for ways to educate myself to achieve my goals.

@frugal investor, did i sound like i was criticizing your answer? i didn’t mean it that way, sorry. my question really is just a matter of curiosity. you know, this thing with wealth and happiness is really an interesting topic to me. some people think that because i write about personal finance, i’m all about putting more money in one’s bank account and to hell with the rest. to me there are more precious stuff than money, but being irresponsible with it also doesn’t lead to happiness. you know what i’m saying? i often observe people around me and wonder how people find that perfect balance between being responsible and being content.

@Mikoy, thanks for taking the time to answer! i love that you have time frames for your goals

I believe Socrates who said leisure is the greatest wealth. You are wealthy if you don’t work for money. Money works for you. No matter how much money you have, you’re not wealthy if you’re still grinding your butt to make more money. The rat race is for the rats!

Goals:
Live on investment income
At least 20% return on all investments
A business for my children

Concerns:
Risk, low return, illiquidity

To achieve goals:
Regular savings, simple lifestyle, aggressive investing

@Salve, yup, I guess you can say that. I think that the amount of money is relative to the value the person places on money.

I believe that a person can be wealthy in his own way whether he has 20K or 2M in his pocket.

I hope this satisfies your question, thanks!

a rich man is not one who have the most, but is one who needs the least..

regards,

Wealth to me is…health, pension and passive income.

My top 3 investment goals…

1. to save enough for my daughter’s education
2. to save enough for our dream house
3. to accumulate enough cash to develop my dream orchard

My top 3 concerns with regards to investing…

1. not enough extra cash to invest
2. not enough knowledge about investing
3. low risk tolerance in investing in the stock market

My top 3 reasons why I think I will accomplish my goals…

1. I have the drive to attain my goal
2. I have investments in mutual funds and pension funds
3. I know my goals

@Pinoy Investor, as always, very well said!

Carlos, I agree, especially with your second statement :). People find this weird from a personal finance writer, because they think personal finance is all about getting more and more money!

Pepe, I also dream of having my own orchard. A place where I can unwind on weekends and watch things grow. :). Someone I know has this great idea of turning their mango orchard into a tourist spot, allowing people to pick their own mangoes, make mango ice cream on the spot and charge for the service. Nice way to make it work, huh?

salve, pepe, I also like to have a leisure farm. I’m developing two small farms (4 hectares) near Tagaytay. My wife wants to put up a rest house but I want to get some profits first to finance the house. It’s all business for now, leisure can wait.

@pinoy investor, sana makita namin yang leisure farm mo someday!

These weren’t easy to answer. I hope I can be more specific on my next try. I think having specific goals are better because that way you are gravitated towards achieving those goals every step of the way.

Here’s a part of the answer I sent Jeff (requested for the ebook ^^)

Wealth to me is anything that brings Happiness to my life. People, things, and events that I treasure.

My top 3 investment goals are:

1. Establishing my own company / business
2. Building my own house and a rest house by the beach. (I love the beach)
3. Generating more than enough money to give me more time to do the things I love and to be able to share my blessings.

Start with me: Make your Money work for you.

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@pinoyinvestor you can do a lot of things in a 4 hectare farm. good luck on your farm!

just like salve said “sana makita namin leisure farm mo someday” for us to draw inspiration.

goodluck to us then!

@pinoyinvestor you can do a lot with a 4 hectare farm. goodluck on your farm!

just like salve said ” sana makita namin leisure farm mo someday” for us to draw inspiration.

goodluck to us then! mabuhay!

Salamat pepe, salve. My wife wants to build a rest house. I want to buy more farm land. I almost bought 10 hectares more, hindi lang nagkasundo sa presyo. Rest house or farm land? What do you think?

@pinoy investor

I think you can have both at one place. ^^ A rest house beside a hacienda … wow!

Unless your wife would prefer a rest house by the beach, that would be more of a challenge I think. ^^ But here in Davao, at Samal Island, they have mango orchards and it’s very near the shore so you can have both. ^^ But I don’t know if the land is suitable for other types of farming though.

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Yes we plan to build a rest house in a farm and one of them is just across a beach. But we have limited funds. We can’t afford to build a house and buy more land. I prefer to expand the farm and use its income to build a house. Downside is farming is business and there’s risk of losing money. While a rest house is investment and leisure. In the past, we lost money in business that we could have spent for leisure. What would you do sunjun, salve?

Hi @ Pinoy investor!

A rest house and farm would be a good choice. If you dont have enough finacial source to relialize your dreams, why dont you apply for a loan. use your land as collateral and build a rest house just enough for your family. The rest of the money you could use it to build even a 10 rooms resort atleast you gain income to pay your interest and the principal. Tourism industry in Philippines is now picking and we are lacking of rooms for our tourist.

@pinoy investor

Hi! It’s really hard to give advice just based on what we’ve discussed here. It really depends on your financial portfolio. If building a rest house or a farm will deplete all of your resources then I suggest you don’t buy or build one for now. Why not consider making your money grow first until you can have both? ^^

If you have a monthly income big enough that you can rely on for the coming years then maybe building your dreams one step at a time would also be feasible. Like say you can buy the farm lot for now and then later on when you have enough money again, slowly build your rest house as well.

I hope this helps. take care pinoy investor!

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