Cebu City, Cebu, Philippines


Alex is the owner of FinancialWolves.com. Financial Wolves is a blog focused on helping you make more money to achieve financial freedom. After repaying student loans, I’ve shifted my focus to make more money from side hustles, real estate, freelancing, and the online economy. Follow us on PinterestYouTubeTwitter, and Facebook.



1. What are the odds of someone in his/her early twenties to be successful in stock investment?



The odds are what you make them to be. I'm a big believer in the logic that if you put in the work that you will earn better outcomes for yourself. To increase those odds, I'm an advocate for you to simply take action. Sometimes the best lessons learned are when you fail. Also, with investing, slow and steady wins the race. 


Focus on the long-term picture and start early. If you feel comfortable investing conservatively (lower-risk investments), that's okay. It's better than not investing at all. On the flip side, chasing risk and losing your money can be damaging long-term. 



2. What is the step-by-step process of investing in real estate when you already have the money?



First, I suggest you do homework about your local real estate marketing assuming that's where you want to put your money to work directly. Then, make connections with other real estate investors and real estate agents (both agents that serve investors as well as those that do not) in your area. Offer to buy them a coffee for their time to ask questions. 


This is a great way to get a handle on what it's like to invest in real estate and also determine if it's the right fit for you. From these meetings, you'll likely have a slew of additional connections in the industry. 



3. What is a huge but common mistake most people do in saving money?


Most people waste a ton of time focusing on the $5 and $10 decisions to improve their finances rather than taking a step back to look at the bigger picture like how can I earn $10,000 more next year or what do I need to do to have $200,000 in investments. Also, saving money doesn't always need to be a priority if you are young. You can always cut your expenses and you can only cut them to $0. Income and cash flow are infinite.


Focus on your priorities as well. For me, it was all about establishing and finding an online job that would make me enough money to support my lifestyle. An online job was important as I want as much freedom to work where I want and when I want. 


4. What are your predictions in terms of financial and business aspects in the next five years?


I think we are going to see a generational change in the way we work. I believe it will be more and more distributed and decentralized. This is much more than just people working remotely. I think businesses will continue to opt for a more flexible workforce meaning employees may be more hybrid contractors / full-time employees. 


5. What are your tips on online marketing for young entrepreneurs?  


Online marketing is extremely powerful and quite honestly is going to be the only or primary way we communicate going forward. Yes, all the mediums out there are going to be different but capturing an audience and harvesting them can be extremely powerful for migrating your entire future. That's why so many people went all-in on social media. What will be the next driving force? That's the million-dollar question but if you see an opportunity... Go all in. 




Alex, FinancialWolves.com


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