IS it really possible to build wealth on any income? Many would dismiss the idea outright. Some may say it is only for the privileged few, or that it takes extraordinary luck to get ahead. Others who have lost hope may even call it nonsense. But history tells us otherwise.
Those who are determined, those who dare to dream, know that while it may be difficult, it is never impossible.Filipino success stories show us that financial freedom is not reserved for the elite. Henry Sy, for instance, arrived in the Philippines with little money in his pocket. His father struggled to run a small sari-sari store, which was eventually lost during the war. Instead of giving up, the younger Sy persevered, selling small items until he saved enough to open his first shoe store.
Even small amounts set aside regularly can grow over time. Filipinos who embrace the “pay yourself first” principle lay the groundwork for financial stability.Fifth, spend wisely. It is not about how much you earn but how much you keep. Overspending keeps people from building wealth. Living within or below your means is a discipline that separates the financially secure from the financially stressed.Sixth, avoid and manage debt.
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