Showing posts with label FINANCE. Show all posts
Showing posts with label FINANCE. Show all posts

Wednesday, January 21, 2015

Week 3 - 52 Weeks Money and Bible Verse Challenge

Week 3 - 52 Weeks Money and Bible Verse Challenge - Proverbs 22:7

Very TRUE! I was once a borrower (through credit card) and its a shame... I was a SLAVE of it! But that's past, I'm freed and I learned from it. Now, I'm on my way of becoming rich... In Jesus name! :)

Monday, January 19, 2015

Stocks Outside the Box

I started investing in stocks with Trulyrich Club SAM table and using it until  now. But I have two stocks outside the box of SAM to satisfy my curiosity and to test what I have learned so far.

First is the FPH. I have this since day 1 of my account. Well, it was on SAM table before but been booted out from the list (I can't remember why). When I knew it, its too late to sell. It fell down (up to -20%!) so low but instead of selling it, I kept it and continued to buy. I'm a long term investor anyway. (choss!)

Wednesday, January 14, 2015

Week 2 - 52 Weeks Money and Bible Verse Challenge - Proverbs 13:11

Week 2 - 52 Weeks Money and Bible Verse Challenge - Proverbs 13:11

Everyone of us wants to become rich but some people has no patient to wait and want to make it happen as soon as possible. Chances are, they take the high risk being involve in "business" that promised them to bring them to the peak of wealthiness or depend on lottery. According to what I have read and heard to the financial analyst, people who take this route end up nothing.

I think this is just right bible verse to the purpose of doing the 52 weeks money challenge. The money that being saved every week seemed small or has little amount if it is stand alone, but once the weekly savings are sum up, it will become an incredible amount! Patience to wait is really a virtue! :)

Wednesday, January 7, 2015

Week 1 - 52 Weeks Money and Bible Verse Challenge - John 1:3

Week 1 - 52 Weeks Challenge - John 1:3

Whatever we have and we will have in the future, we should not forget that all of them are from God. Without Him,  we have nothing.

Tuesday, January 6, 2015

52 Weeks Money and Bible Verse Challenge Box... With LOVE!

Here it is! But i'm not alone to use this box. It'll be shared by 5! I successfully persuaded Bhabha, Minnie, Macel and Mr. P to join my journey for this challenge.

We came up with a very very good idea instead of putting all the money into this box all through out the challenge. (I'll elaborate it on separate post how we came up with this). I will keep our weekly savings here and every end of the month, we're going to buy National Bonds at AED10 per unit. (Yeah, we're here in Qatar and NB is based on Dubai, but its not a problem! :)) Every month we will have a chance to win AED1 Million, a BMW car or AED50 per minute! Plus, we could have 4% profit at the end of the challenge!

Sunday, January 4, 2015

My 52 Weeks Money and Bible Verse Challenge 2015

This is it. I made a template for my 52 weeks money challenge but with a tweak! I added the bible verse. It means, every week I have to memorize one bible verse along with my allocated saving. It means at the end of this challenge, I have QAR6,890 on my box and 52 bible verses on my heart. Sweet deal right? Two birds in one stone!

I'm Joining the 52 Weeks Money Challenge!

I read before about the 52 Weeks Money Challenge. Its quite popular in social media groups like TGFI group in facebook - a community group that advocates financial literacy. This challenge is simple (it seemed!). You just need a jar, coin bank, or anything that you want to save your money weekly. The mechanics is you have to decide how much your start up and you have to decide how much the increment per week.