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N O L A N L A Z A R O . C O M
How To Grow Your Net Worth Through Your Virtual Career
W W W. N O L A N L A Z A R O. C O M | W W W. W E C A D. C O
JOMAR HILARIO
N O L A N L A Z A R O . C O M
Former OFWcame home to earn more
than what he‘s earningIn Singapore?
Personal Finance Blogger
EntrepreneurVA Project Manager
IT ConsultantCTO - TGFI
OFW VSWork From Home
Similarity of the 2?
Both earns Foreign Currency
But What’s the Difference?
For us, we can work anywhere we want to
and earns dollars
OFWs needs to sacrifice, be away with their loved ones to be able to earn dollars
“I’m earning $30/hour but I still don’t have any Investments or savings”
So How To Grow Your Net Worth?
Very Simple
1) Buy more Assets than Liabilities
Simple Right?
NO?!!
Asset?!
Liabilities?!
2) Pay Yourself FirstWhen was the last time you bought a gadget?
How about a course or attended a seminar?
Buy something that will make yourself valuable
When was the last time you bought a gadget, new bags or perhaps a new shoes?
How about a course, buy a book or attend a seminar?
Buy something that will make yourself valuable
Salary – Expenses = Savings
Typical Formula
NO!
Formula of the Rich
Salary - Savings = Expense
3) Rule of 7272 / Annual Rate of Return =
How long an investment will take to double your investment
72 / Annual Rate of Return =
How long it will take to double your investment
30 years old P 100,000
36 years old P 200,000
42 years old P 400,000
48 years old P 800,000
54 years old P 1, 600, 000
4) Know Your RideFinancial Vehicle
UITF / MF
Real Estate
5) Compound Interest
Battle of the Brains
6) Lastly, Change your Mindset!
Have a Millionaire Mind
Action Plan?• Pay your Debts First!• Emergency Fund• Track your expenses monthly /Budgeting• Invest ( I n v e s t o n y o u r s e l f , a tt e n d s e m i n a r s , r e a d b o o k s ,
b l o g s a n d t a k e c o u r s e s )
What Investments Do I Have?
TIPS
Increase your cashflow
Lessen your expenses
Never say, “I can’t afford it”
Use“How can I afford it”
Change your Mindset
Get a Mentor
N O L A N L A Z A R O . C O M
N O L A N L A Z A R O . C O M
Mobile: 09776168368Email: [email protected]
www.nolanlazaro.com www.wecad.com
