As I was reading my Devotional Bible, I came across the story of Esau and Jacob. This isn’t the first time I’ve read about them in the Bible, but this is the first time that something in their story stood out to me. If you haven’t read your Bible for a long time, I strongly suggest that you find the time to read it again. You’ll be amazed at the life lessons you can pick up along the way, but I digress.
A couple of weeks ago, I had a conversation with our landlord here in Dubai and found out that his finances are in tatters. Mired in debt with no clear solution. He even owes money to relatives, friends and some people in church. I’m not talking about 5 digits of debt; he owes the bank and other people a total of AED 365K (PHP 5.152 Million)! That’s a staggering amount especially for someone whose income is not even enough to cover the monthly payments.
During one of our weekly Life Group meetings, one of our fellow LG member, Harvee talked about the life of Joseph the dreamer. Most of us are familiar with the story of Joseph the dreamer, right? You know, Jacob’s son with the multi-colored robe who was sold to slavery, worked for Potiphar in Egypt, sent to jail on a false charge from Potiphar’s wife, and while in jail, he interpreted the dreams of his fellow prisoners and then that of the Pharaoh’s and was then made second in command of all Egypt. It was during this time that Joseph helped to save Egypt and many other nations from the great famine that came later.
When I first read about Joseph in the Bible I didn’t really get a lot from it, but after a more thorough reading and discussion last night, I learned that there’s actually a thing or two we can learn from Joseph’s story specially in the area of planning and preparing for the worst. Lessons from 1600-1700 BC that helped save Egypt from the great famine, and can still help save lives today and in the coming years.
A lot of people in the Philippines have heard about “Inflation” so many times on TV, usually in the news whenever the reporters talk about the current economy, but never really paid much attention to it. At least not until it hit such high levels that it became very alarming. All of a sudden, people were talking about it. Some became “experts” overnight and started commenting on social media despite knowing very little about it.
There are different ways in which a person can make money in the stock market. One is by Active Trading, and the other through Long Term investing.
Active trading requires constant monitoring of one’s portfolio or current holdings. The amount of time you need to spend monitoring your portfolio depends on the kind of trader you are.
The Stock Market is one of the best ways to make your money work for you. Some companies have seen their share prices rise to more than 1000% in the last 15 years, some even higher. Average annual returns for most blue chip companies range between 10-15% per annum which is higher than most asset classes in the market.
If you haven’t invested in the stock market yet, but are planning to, here are a few things you need to consider before doing so.