I hate it when people make a big fuss over how I spend my OWN money! It’s MY money and I can do whatever I want with it, right???
I totally agree. It is your money and you can do whatever you want with it because you earned and deserve it.
But if I may just share something. Don’t just think of your present. Think of your future.
Think of your dreams: what you want to accomplish, experience, and go to.
Think of your loved ones and their needs.
Are you setting aside money for these? How will you fund not just your present but future needs as well? How will you allocate money for current splurges as well as your needs? Will others fund your needs? Or is it just you? So you need to rationalize and systematize how you spend your money today.
This is where financial planners — and I’m sure people you talk to about your finances — can show you the way.
Only you can walk it yourself.
Money question answered by Rienzie Biolena
Rienzie P. Biolena is one of the pioneering Registered Financial Planners® in the Philippines and is President and Chief Financial Planner for Wealth Arki and Consultancy, Inc., a financial planning and consultancy firm that utilizes international best practices in personal finance. He is a Certified Wealth Advisor from London-Based Chartered Institute for Securities & Investment.
He is also an Accredited Investment Fiduciary® of Pennsylvania-based fi360, a Certified Financial Consultant from CFC Canada, and an international member of the Financial Planning Association — the largest association of financial planners in the US. Rienzie is also a frequent guest in ABS-CBN News Channel’s “On the Money” and DZMM Teleradyo. He also appears in Bloomberg Philippines and TV5 and writes for the Manila Times, Entrepreneur Magazine, and Business Mirror. He wrote for the international magazine Alpha Southeast Asia. This former banker was connected with some of the biggest asset managers in the country, advising retail, high networth, and institutional accounts. He led a team of Certified Investment Consultants with a combined asset of P9.5-B.
This international speaker was voted one of the Top 47 Filipino Professionals to be followed in LinkedIn by Marketing in Asia. He co-founded WealthArki Youtube Channel, which is dedicated to providing practical financial tips and pieces of advice.
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