What is valuable to others may not be valuable to you. That is when a price tag becomes an issue and it just differs for everyone.
How to spend your money? I don't really know. Burn your cash the way you want to by knowing this one thing.
Part 1 of the many series coming soooon!
Resources:
https://www.iwillteachyoutoberich.com/blog/money-dials/
Music:
Zion T. Hello Tutorial (Jazz Ver. - Ramong Piano) https://www.youtube.com/watch?v=ZbPJLx5iVwE
Warm Nights - Lakey Inspired https://soundcloud.com/lakeyinspired/warm-nights
Connect with me:
IG: @patpaatj
Building this IG acc as well: @designyourfinance.ph
YT channel: Design your Finance
FB Page: Design your Finance
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Check out the last post from @hivebuzz:
hihi! :)how's my favorite podcast WOMAN?? :P (vodcast? or vidcast?) so have u found that u gain more, fitness wise, going to a gym or do u prefer home workouts? All the gyms have closed around here (on maui), but I used to like to go to a gym.. even like just a basic 500php a month type deal. maybe even that is too expensive to spend on gym when u can just walk/jog and do pushups and stuff for free..? (nah)
my favorite part was the sudden close-up on just your eyes. :P it kinda was shocking cuz i wasn't expecting it. keep your fun, light way of just talking about stuff. I much prefer it to the 'podcast' type who are all serious. >:[
I never heard of that one.. dials, but it's a cool way to say how u spend your money. I would say my top 3 dials would be 1. Living expenses (rent, food, utils) 2. Investing and trying to increase financial power (stuff like Hive and stocks and cypto) 3. Health.. cuz health is wealth, right? :)
Oohhh alohaaa! I am a woman hihi! Yeah vidcast/vodcast (I'm not sure bc these days, everyone with a podcast also has their video format and uploads it to YT.) I enjoyed filming this one. I tend to go out of topic so when I realized that I need to keep it short, I cut out a lot of the parts. A colleague told me as well that she didn't understand until the 2nd half of the video so it was clear to me that I need to discuss it more (maybe do a series) or a lengthy "podcast". Anyways, the podcast thing is still on the list, who knows hmm...
Dials bc these are things that you value most. Like you don't feel any remorse when you spend on it bc it makes you happy. You mentioned going to the gym bc you care about your health, you have body/health goals. It's the same for me when I committed to going to the gym. My monthly gym membership is Php800 plus the annual membership of Php1,500. They're expensive for other people who don't go to the gym (and just prefer walks in the park). I mean if one's goal is to be healthy, consistently working out (even at home) would be sufficient for them. For some people, they hire personal trainers bc it's gonna need a lot of work to achieve their bod goals. The most obvious reason is they could be preparing for a championship, (or modeling, or whatnot) 6 mos. from now.
My mom loves food but she is not picky with them. She prefers the local home-cooked ones. For me, sometimes I cook (bc it's interesting to do it after watching a cooking show hmm) but most of the time, I get lazy or have no time so I order online (which is expensive, right?) So my mom saves on food. On the other hand, she finds joy in buying silverware and furniture (which doesn't make sense to me at all). 😅 Learning about this made me appreciate everyone's "sight" in life and behavior. It makes me chill mehehe.
This website is showing the list that identifies the most common ones we have. Money Dials by Ramit Sethi
Your living expenses, you could be specific on that too. Do you value living in a small or a big home? Correct me if I'm wrong but I would imagine a modest one bc you have big assets and of course, your family (esp. if you're the only breadwinner). LENGTHY REPLY HIHI thank you for your comment. 🤓
not lengthy at all! :) i could talk about this for hours..
I think I understand dials better now. So, what would I spend my money on, like without hesitation..
I would say hard assets is my #1 dial.. anything I can live on, whether it be an investment like gold, or maybe an income producer like real estate that I can rent out, or maybe something that would sustain me and my family, like a farm that can produce food as well as be my shelter.. so that would take away much of my ongoing expenses.
Have u ever played the game cashflow? or read the book Rich Dad, Poor Dad written by Robert Kiyosaki (from Hawaii btw)
It's really good and probably my #1 financial type thing that I learned from. In it he goes over the income statement and balance sheet..
Income/Expenses , Liabilities/Assets
Anyway, look those up if u never heard of em and I eagerly await your future posts..
:)
Yes! Aside from hesitations, these things make you happy the most. For sure, looking forward to your posts about your money dials, your journey in getting them as well. I think it would be helpful for noobies too. HEHE.
I've played the cashflow game! It's fuuuun and confusing at first. Rich Dad, Poor Dad book was my first financial book. That's what made me understand the financial world. At first, I thought, it was more serious but once I read the book and listened to the Robert Kiyosaki, I appreciate the financial industry more. I found value in it and figured, why are people still going through these issues? We were taught wrong.
Yay! Rich Dad. did try the e-game? I like it way better than the board game.. like way.. the board game takes forever! :P
What's this about ME doing a future post on dials?? I am waiting for YOU to make some more awesome posts about it! :)
yes! I played online bc at first, I thought it was the only game he has had. Later on, discovered that there's an actual board game. I even considered monopoly hehe but I'm no master.
Oh, I meant future posts on your journey to (any financial goal). We all need a tutorial on the finance thanggg mwahaha, something to consider. 😅
:) musta! I like the egame lots.. 202 especially. My daughter learned about cashflow and robert kiyosaki in school, so now she wants to play! :) (btw, my daughter is 16 y/o)
how's ur income/asset gathering goin? what u do now for income and/or assets? (or lowering of deleting expenses/liabilities) how's ur hiving goin? ever since I powered up I've been doing much better. before i would only maybe .5 HBD/HP per day. now it's about 2-3 on avg per day. some days are super.. look at my highest upvote I got so far..
maybe it's not so much compared to u since u do good on ur posts. It's because u are so fun to watch and listen to.. and u are kinda very cute, too! :P
for me, it's a big deal. I never got much on any of my posts. i do 1-3 per day tho, so it kinda makes up for that. I also have learned a way to get more upvotes with minimal effort. and not just .0001 at a time or like that. :P
OK, well have a good day. I am happy yours is the first response I see today.. :)