How To Get Rich at a Young Age by Jay Penn

“Paano Yumaman sa murang edad” or “How to get rich at a young age” has been the modern day Filipino dream – but how can you do it?


First, I would like to tell you that it is very possible and doable, however, it needs more than just inspiration and education? What you need is financial education… proper and in-depth financial literacy that will make your path to become a rich investor a reality. Go ahead and get my ebook “Living Successfully in the Philippines”, and as an author, I assure you that you will realize that the answer is just right at your fingertips.

But let’s discuss here how to become rich at a young age in the Philippines.


The Path to Richness Starts Early…

So have you ever thought of how the heck would you even get rich or earn big money when you are still young? Truth be told, the answer is easy and that is to learn how to invest. Investing itself is not an easy matter though… When you invest you literally take risk and that is because you might lose your money on the way, but that should not deter you on investing at a young age. For example, as a young boy, I myself have to be told to SAVE my money. But nobody told me what to buy when you save money. For me, that was only stalling for the inevitable…money will lose its value due to depreciation in time, so saving money without making it grow will just do just that- lose value.

This is not entirely our fault as young adults, but often, this is due to the lack of financial literacy our parents often have. They often tell you to save and use the money for something BETTER, but that something is quite vague because our parents do not know what to buy either other than save. This is usually the case of middle class working families who often prefer to “work for success” rather than “work on success” – the latter inspires the mind to create money and richness using your intellect.

Some are lucky to have financially intelligent parents who prefers to teach us that saving money is the first step to invest on financial vehicles (such as mutual funds and stocks) to promote financial growth or profit on our savings.

Some young generation were taught early by their parents that saving money must be done in order to raise capital to invest in mutual funds or stocks. This creates greater financial assets as they grow up because the funds will grow in due time – the funds were not used to buy frivolous BETTER stuff, but real assets that can be used for personal success such as education or further investments. Start early, start with few funds, and learn that growing money must be done the same way as a child breathes to adulthood – consistent and ever growing.

If you haven’t learned to invest… then read further.


The path to an early financial success is Investing in Financial Assets.


So what can you invest in an early age? say not just as a kid but also as a young adult (in College or so), how can you get rich investing? Well, as you assess if you have the required funds already, I suggest that you invest on mutual funds or trust funds first.

Mutual funds and trust funds are almost similar – you invest money with a bank or an insurance company, and that money grows in profit after a few years because those companies invest your money with other assets. This creates an profit as your money grows in value after an amount of time (and depending on the economy). Also, depending on that company’s performance, your money could also receive profit from dividends or when you redeem your money from them after your funds have grown. All in all, you can receive a decent 10% to 20% every year for this financial vehicle.

Then, once you have earned enough profits, you could then invest in a much larger financial asset such as stocks where you literally invest on the company’s stocks or shares. You could do a passive or an active trading by creating an account from a broker (Such as BDO and BPI or COL Financial) and using their trading platform, you could buy and sell the stocks that you have bought. If you want to learn more, then look at my “How to get rich Articles” to do this awesome path to success. Hopefully, one day, this may be a humble start for your own financial success – the path of the investor and entrepreneur.


If you want to learn more or for Speaking Inquiries please Comment Below. You can always get my Ebook “Living Successfully in the Philippines” – your guide to the rich and successful career and business.


-Jay Penn


"Jay Penn" is a Financial Literacy Mentor and Investor who is best known for his Book "Polymath's Profit". He is also an expert in the field of Maritime, Engineering, and Emergency Medical from his past careers. Experienced with Security Analysis, Crisis Prevention, Contingency Planning, and Global Maritime Distress Safety System. Currently instructs Nautical Sciences and is an avid Researcher of Business and Economics. He is also recognized as the "Top Maritime Instructor" for 3 consecutive years in the Maritime Education from 2014; raising the standard for the Maritime Industry and Training.

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