How Much To Save To Become Wealthy!

Everyone wants to become wealthy!

But what does being wealthy mean?

Literally and figuratively, from the Pera Palaguin Publications and financial literacy seminars of Colayco Foundation, being wealthy simply means one is able to sustain his/her chosen cost and kind of lifestyle without having to work.

How old are you today?

How much is your monthly gross salary today?

How much money do you have NOW that you can save & invest and not touch until you fully retire?

Find out how much you need to save to become wealthy by using our online financial calculator.

Be Afraid of Investing No More

Why do some people dread the idea of investing?

At times, it is but a case of being unaware. We think that when we commit money for a period of time in an instrument, it will always earn – significantly. And because of this notion, we overlook an integral part of this exercise: the risks associated with investing.

Understanding risks

A cardinal investment rule says that high-risk investments are likely to pay higher returns, while low-risk investments are likely to pay lower returns. However, what drives a person to choose one over the other is largely that person’s confidence, need-based preferences, and the degree of freedom he can exercise over the funds. In short, it is all very personal.

When one is confident of his ability to make good investment choices, the more willing he is to take in risks. In his mind, the standards of good investing have been met and, thus, he is likely to gain the upside on his investments.