Chinkee Tan's Practical Steps to Financial Freedom : Personal Finance 101 - Strategies on How To Get Out of Debt Seminar

It was a privileged to be a part of a seminar that actually costs Php3,500 but was just given to us by Php300. The objective of the seminar is to be financially empowered to make the right decisions and choices. The following are some of the key points being highlighted:


1. Mindset + Action = Results

If you have positive mindset and action, then you will get
positive results.


2. You will know when you are using your finances the right way
if it makes your life EASIER and not HARDER.

3. If you want to live a happy and fulfilled life, never
compare yourself to other people.

4. It is not how much money you make . It is how much money you save.

5. Expenses = Income - Savings. Adjust lifestyle to your income and not the
other way around.

6. The way you handle your money reflects the way how your parents raise you.

7. Learning from other people's mistake is the best experience.

8. Who do you think should handle the money, husband or wife? "Kung sino ang mas
marunong humawak ng pera."

9. Principles of Helping

- Charity starts at Home
- You can never give what you do not have
- Every spending must be a corporate decision

10. Ways to Increase your Cashflow

Change your lifestyle
Always be minded for other opportunities
Save as much as you can
Have a long term perspective

11. Diversify. Never put your eggs in one basket.

12. Debt is never the root problem; It is a symptom of something else-either:
greed, ignorance, impatience or self-indulgence.

Quoting from Chinkee Tan, " Treat the information just you would eat a piece of fish: you eat the meat and spit out the bones. If you do not think or feel that the principle will work for you, spit it out. However,if you think or feel you will benefit from it,then accept and receive it."