Tell us about your spending habits, Ray. What items do you heavily spend on? What item would you consider a splurge or luxury?
I usually spend money on food, drinks, movies, and toys for the kids. Back then, I used to spend money on gadgets. However, I realized that gadgets are no longer a good investment, as it depreciates fast.
When did you realize you wanted to try investing? What were the hurdles you encountered while trying to start an investment?
When I started working, I really didn’t think about investment. But after months of getting paid, I realized that I need to save a portion of my salary for savings and investment, and so I did.
When I started my investments, I encountered a lot of barriers. However, in my opinion, the three ‘E’s are the major hurdles in investment. These are the lack of Education, Experience, and the need of Excessive cash.
I am glad that GCash set aside the said three ‘E’s. Apparently, with GCash, we can start our investment with ease using our phones, and we can start it with just P50.
How long have you been using GCash Invest Money? What made you start using it?
I have been using GCash Invest Money since March 2019. My friend introduced GCash to me. At first, I actually thought that it was just a loading app for prepaid sim cards. However, when I tried using the app, I realized that GCash is all about finance. GCash can help us wherever we want to put our money. And the moment I learned that GCash has an Invest Money feature, I immediately used it.
How’s your experience using GCash Invest Money so far?
I love using GCash because of its features. Invest Money is the feature I like the most because I can easily invest my money by utilizing the feature in one tap.