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Wednesday, May 25, 2011

Francisco Colaysco's 10 Commandments on Personal Finance (Part 5)


Francisco Colayco is the author of the best selling personal finance book named Making Your Money Work; Pera Mo, Palaguin Mo! 2, Wealth Within Your Reach; Pera Mo, Palaguin Mo!.

He is a financial adviser and successful entrepreneur, businessman in the Philippines.

He shares some of his expertise about investing and his 10 commandments on personal finance on his books. You can avail the books of Francisco Colayco at amazon.com or just click the book title above. 

Last part of Francisco Colayco's 10 Commandments of Personal Finance. See the video below.

9. Invest and diversify 
- take note that what may work for others may not work for you.  Then learn to diversify.  Don't put all your eggs in one basket.  Diversifying makes your portfolio more stable in such a way that if one segment drops, your other investments can pull you up.

 

10. Use the power of one
- Join cooperatives, organizations, or associations that have the same financial goals as yourself.  These organizations can help you earn more especially if you only have a little amount to invest.  Some organizations offer fund pooling so the group can invest in less riskier but with higher return investments.


I hope you find some interesting tips for your personal finance. Happy earnings!!



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