The 5-step ladder system to investing

More and more people are getting interested in increasing their financial wealth. More Pinoys are asking the question: "How do I start investing?”

The Global Filipino Investors (TGFI) Facebook group is one of the best channels to talk about money matters. From how to apply for a stock investment account to the basics of buying life insurance, the 74,000-strong community is more than willing to welcome anyone who desires to learn.

Floi Wycoco, founder of TGFI, was a sales executive and OFW in Singapore before starting this group.

One of his core beliefs is that every Filipino must have an investment. His advocacy on that note centers on the five-step ladder system.

The TGFI founder learned to invest after bungling his way through personal finance by blowing his salary on night outs with friends, paying for everything himself, and buying expensive things like a P70,000 watch.

Here's the Wycoco interview with MoneyMax:

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This article first appeared on MoneyMax.ph.