Invest Your Money Wisely

if by sheer luck, you'd hold P10000 in your hands right now, what would you do with it?

1. spend it like tomorrow would never come
   
2. buy a cellphone
   
3. pay off some debt

or:

1. put it in a special savings account that earns a much higher interest than a regular savings account;
2. Put it in a time deposit account to earn a higher interest and one that you cannot withdraw anytime;
3. Invest it in RTBs or Retail Treasury Bills which requires much smaller amount of investment;
4. Invest in UITFs or Unit Investment Trust Funds which pools money from thousands of investors (otherwise known as paluwagan);
5. Buy shares of Stocks if you can take the risk;
6. Buy a whole life insurance plan that earns dividends and have a savings component;
7. Purchase an Endowment Policy that don't provide lifetime coverage but yields a higher return at a lesser period of time;
   
   
8. Buy a pension plan from a reputable company; or
9. start a new business like:

• cellphone load retailer
• rtw dealer
• sari-sari store

whatever option you take, you have to give yourself time to recover from overhead expenses and whatever problems that may arise.

of course, it's also good to have a very good support system and a positive perspective.