Camsdcute’s Lair

Posts Tagged ‘Investing’

I recently had my hair rebonded for the reason that Marlon said it needs to be rebonded. It was funny and I was a bit embarrassed so I asked Merryll and Arthur if they too think I should do something for my hair and they said it’s just that I don’t comb my hair often. Hahaha! Nice friends. For typical mid-length hair, the rate is P4,000++. By ++ meaning that 4,000 is just the minimum. I tried to canvass for the lowest price but of course not wanting to compromise the quality especially that hair treatment topics scare me. I’ve heard personal experiences and negative effects of hair treatment, and I don’t want to get bald.

I wanted to try a new salon. I went to Tony and Jackie last year and was not satisfied with the service of one of their staffs. She was pouting all the time and it hurt badly when she ironed my hair. During that time, I just wished it will all end soon. I did not complain and kept my mouth shut because I don’t know what she can do further with my hair if I make a negative comment to her. Fortunately, the process took only two hours.

So now I inquired from different salons including AZTA Urban Salon, Hair Bytes, and David’s Salon. They offered me more or less P8,000 for the rebonding. Whoa! That is quite pricey. I can buy more valuable things using this amount. So I decided to look for an alternative. I rode a cab and asked the driver to take me to the nearest Reyes Haircutters Salon. He dropped me off Reyes Haircutters Anonas branch. The rebond will cost me P2,000. This is already a quarter of what I have to pay when I go to other salons. I was amazed when I saw that this salon is open 24/7! This is the first time that I saw a salon that is open 24 hours a day. And they do have lots of customers lining up. I thought maybe because the price is friendly and the quality is acceptable or above average, I’m not sure. After 5 hours of really nice and careful rebonding process, my hair was done at 11:00 p.m and even if that’s a bit late, there are still customers rushing in. Good job Reyes Haircutters! Again, I think the key is a great location.

I thought of getting my own franchise and thought of what product/service would be this good and would bring in income for me. Being a first timer, I do not want to risk huge amount for this first venture but until now I’m thinking. And oh, being fickle-minded as always, I am now thinking of cutting my hair short.

Anyway, here are few franchises for those who want to start small. These are actually priced lower compared to more popular brands out there so if you want to try one of these or just check the detailed ROI, I can refer you to the franchisor. Be a good and moral person – if you learnt this from me, hope you can make put me as the referrer ;) Contact me at 09178656199.

You have Php10, 000.00 and you don’t know where to put it. This amount is not that big and you’re looking for growth. Do you invest it or just keep it in your savings account? First question is, do you have enough money available for emergency purposes? If yes, then go and invest this 10,000. The rule of thumb is to put approximately 3-6 times of your monthly salary in your savings account that can be readily pulled out in case you need it.

Next question is in how many years are you going to withdraw this money?

One option is to put it in a time deposit account. You must ask and survey banks and other institutions and look for one that offers the highest interest rate for TDs. Cooperatives and rural banks often gives you slightly higher interest rates than larger banks. Rural banks are PDIC insured so you’re guaranteed of getting your money back in case the bank files bankruptcy. Maximum amount covered per depositor is Php250,000.00.

You can also use this amount to play with stocks. Make sure that you do a lot of research before you go into investing in stocks. You can join some online trading sites. One is the CitisecOnline although I am not definite on how much is the minimum initial investment to open an account.

Another one is to engage in a small buy-and-sell business and use your money to buy your merchandise.

If you do not need this amount in the next 5 or 10 years, then you can place this in Mutual Funds.