It is a common joke that parents often ‘keep’ their children’s monetary gifts, but actually spend it for food or something else! But a nearly 3-year-old kid wows with savings of Php77k because his parents claimed that they don’t spend his gifts at all. Wow.
Kid Saves Php77k from Gifts
A lot of ninongs, ninangs, and even family members prefer to give monetary gifts instead of buying something because they have a hard time picking the right gift that the receiver might like. After all, kids (and even adults!) can be so picky when it comes to things they want.
But it is also a common joke (and reality) that parents tell the kids they will ‘keep’ the money but actually spend it for the household needs, such as food or paying for bills.
While that’s a worthwhile way of spending the money, there are also parents who disagree with this arrangement. After all, the giver had given the money for the child/receiver to buy something that he/she wanted.
Jarlo Manalad recently shared how their nearly 3-year-old son has Php77k in savings because they don’t spend any of the monetary gifts that he received. The money came from so many people who love the kid – ninongs, ninangs, relatives, and family friends.
Even if someone gave them something for the child’s birthday or special event, the couple decided to keep the money as the child’s savings. Manalad promised that any money given by anyone in the future will also go to this savings fund.
Aside from this money, the couple also saves Php200 per pay day for the child’s future educational funds. They hope that they could fund the child’s college education with their salaries but might use the money they saved for it.
The post has gone viral, with many people expressing admiration to these parents for the kind of attitude they have for their son’s money.
Building an Educational Fund
It is a big reality that college education can be so expensive. That’s why it is best to start saving for it when your kids are still small.
First, set your tuition fund goals. Create a savings strategy such as setting aside the money for savings before budgeting the rest of your salary. Some would suggest investing the money to grow it but others believe it is best to put it in the bank. Make sure to track your progress to inspire you to continue saving.
Online Seller Saves Php30k Profit in 2 Months, Grows Capital to Php70k
There are actually many ways to earn money, if you just know where to look. As the saying goes, “If there’s a will, there’s a way.” Just like this online seller who managed to earn a profit of Php30k in just 2 months and also grew the capital from Php50k to Php70k. Wow.
Online Seller Shares Inspiring Savings Story
An online seller who used to just randomly spend the money earned from buying and selling cellphones finally decided to keep the capital and actually watch it grow. The seller was surprised to discover that their online shop could sell as many as 60 cellphones in 2 months.
By tracking their earnings and deciding to keep the capital intact, the online seller was able to grow the capital while also keeping a separate savings that’s now at Php30k in just 2 months. Instead of just spending the money on random stuff, the seller is now happily saving part of the earnings and watching it grow.
In a post shared on Facebook financial literacy group CFO PESO SENSE, the online seller who did not identify himself/herself shared that they had been buying and selling cellphones for 4 years, even before the pandemic started.
The seller only earns Php10,000 from a regular job. This money is used for the seller’s family and is used partly as capital for the buy and sell business. But because the seller did not keep track of the earnings and simply spent the earnings, including the capital, the business did not really grow a lot and the seller was not able to save any money.
It was only in January 2021 that the seller realized this kind of attitude should stop.
“To make the story short, January 2021 nagdecide ako na magkakaroon lang ako ng fix na puhunan which is 50k at oobserbahan ko kung lalago ba ito. Naisip ko ang ganitong sitwayson kada may mabebenta kong cellphone magtatago ako ng isang 500 na partial lamang sa tubo dahil madalas nasa 2k ang tubo sa kada cellphone,” this online seller shared.
“Ngayon ay nakaipon nako ng 60pcs na 500 meaning umabot na ng 30k ang tubo ko sa loob ng dalawang buwan. (take note hindi po buong tubo ang sinesave ko.) At hindi po nagagalaw si puhunan, ang 50k na puhunan na nilabas ay umabot na ngayon sa 70k.”
How to Be an Online Seller Philippines?
There are different ways to be an online seller in the Philippines:
- Sell on Facebook Marketplace
- Sell on Facebook groups
- Post on your own social media accounts
- Open your own online store
- Sell on online commercial platforms like Shopee and Lazada
Famous Celebrities with Rags-to-Riches Stories
They now belong to the roster of the world’s super rich people but there are many famous celebrities and personalities who once were so poor that they could barely afford to buy food to fill their hungry stomachs!
Before he became a millionaire at age 23, the youngest at the time to make it to Forbes’ list of the country’s richest people, Steve Jobs was poor. The child of two immigrant students who struggled to make ends meet, he was put up for adoption.
The adoption itself was probably a blessing to Jobs whose adoptive father supported his love for electronics. This was how he eventually made a fortune.
The name ‘Ralph Lauren’ is so famous in the fashion industry that it is surprising to learn Lauren had been a poor immigrant who had only dreamed of becoming rich someday. He reportedly wrote “millionaire” as his future goal on his high school year book – and he managed to do that after building his own company from scratch.
Born into a poor Mississippi family in 1954, Oprah Winfrey ran away from home at age 13 following a difficult childhood under the hands of family members and a family friend. She went on to become first African-American TV correspondent in the state of Tennessee at 19 and an acclaimed TV host who would later own her TV network.
She is officially recognized as the first female black billionaire with a net worth of around $2.6 billion.
Before she made a fortune that’s estimated to be at least $60 million with the Harry Potter books, J.K. Rowling was a struggling single mom who could barely pay their rent. She battled depression before becoming one of the world’s most famous writers.
Growing up in a family with 14 children, Celine Dion experienced hardships and didn’t even have a room of her own. She slept on a little ramp that led to her siblings’ shared bedrooms. She rose to fame as one of the world’s most powerful singers and is now worth at least $455 million.
Born to a tobacco farmer and construction worker who didn’t even know how to read or write, Dolly Parton shared the struggles of her family as the fourth of 12 children. But the young girl soon became a world-famous singer who would later win nine Grammy awards and is now worth more than $37 million.
Hally Berry slept in homeless shelters and struggled to make ends meet before becoming a famous actress with a net worth of around $80 million.
Online Seller Shows What Really Happens Behind the Scenes of Beautiful Product Photos
These days, you will find a lot of great products being sold online – and many have such beautiful photos that truly make you want to buy the item. But did you know that behind the scenes, there might be a seller struggling to take the photos?
Online Seller Shares BTS of Item Pictorial
When selling something, especially online where your prospective buyers can’t actually peruse the item well, it is important to make sure that your photos look presentable. The better the pictures, the bigger chance that the prospective customer will buy the item.
That’s why a lot of sellers take time in taking pictures, making sure that they take the best ones that put their products in the best light.
Donna Donna is an online seller who owns D&D Collection PH, an online ukay ukaw shop based in Sasmuan, Pampanga. She’s been selling since 2016 and has learned the art of taking the best photos from the best angles with the best props to best sell her products.
The photos are creative and very ‘sosyal’, but Donna recently shared what actually happens behind the scenes. It’s not as easy as it looks.
“Buhay Online Seller 😍,” she posted on her Facebook account.
“Init ka lang online seller ako 💪🏻💪🏻💪🏻 Behind the scene. Every collection ganito ang set up ko. Pictorial time 2-4pm dahil yun lang ang time ko since Tulog si baby. maiinit OO pero okay lang makakuha lang ng magandang picture ng mga damit. Kapag mahal mo talaga ginagawa mo mag eenjoy kana lang. wala ng arte arte sa panahon ngayon. Diskarte is the key 🔑.”
Netizens were impressed at the final picture she was able to produce from that photoshoot. Despite the challenges, she was able to achieve nice pictures that would certainly attract more customers to buy from her shop.
What is BTS?
BTS (not the Korean band BTS) is a popular term these days. Though it is not a formal definition that you can find in the dictionary, BTS simply means “behind the scenes”. This is a term that many celebrities use to share their backstage photos and other snapshots or videos about what happens, well, behind the scenes of their show or movie.