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  • 5
    May
    2014

    Venus, Shamcey, Ariella share financial tips

    MANILA, Philippines – Beauty queens Venus Raj, Shamcey Supsup and Ariella Arida have already proven that they possess both beauty and brains, but what many do not know is that they are also smart when it comes to money.

    Growing up, both Raj and Arida said they were taught by their parents to be frugal. “I grew up from a financially-challenged family and my parents really taught us at a very young age to save and be frugal with our money,” Raj, who was Miss Universe 2010 4th runner-up, told ANC’s “On The Money.”

    Arida, Miss Universe 2013 3rd runner-up, likewise said she didn’t come from a wealthy family and had to save up if she wanted to buy something. Supsup, on the other hand, said that as an only child, her parents were able to provide her with her financial needs. But she said that she took it upon herself to save her allowance rather than spend it. “There was a time in school when I would buy a cup of rice and I would just ask for free soup,” the Miss Universe 2011 third runner-up said. She said that being an only child prompted her to be more conscious about spending, because she knew there was no one else to help her parents financially.

    Supsup’s mindset on saving didn’t change when she started working as an architect, when she got her first paycheck worth P8,000. “I thought that after everything that I have done, I will be compensated correctly,” she said. Now married to businessman Lloyd Lee, Supsup said her spending habits have changed, but only because she knows how to spend money wisely. “I’m not the kuripot-type anymore, I know now how to spend my money and how to invest it,” she said. She stressed that saving money involves discipline in balancing money and lifestyle. “If you live simply, you don’t really have to look for a job that will give you so much more,” she said. The 27-year-old Supsup said she plans to put up her own business, invest in real estate in three years, and then retire at the age of 35.

    Raj also swears by having a simple lifestyle and not spending beyond your means. “If you live simply, if you spend just a little of your money, then you’ll have enough for yourself. I don’t buy stuff that I don’t need,” she said. Raj, 25, said her financial goal is to be financially free when she reaches 40. She said she has plans to open her own coffee shop and be a teacher. She is also investing in variable life insurance. “This is good because I am insured already and at the same time, part of money is being invested by the company and it’s earning,” Raj said. “Work hard and spend smart,” she added.

    Arida, meanwhile, recognizes that fame and fortune in the entertainment industry are temporary, and she needs to find other ways to secure her future. The 25-year-old Arida, also plans to put up her own business and invest her money in insurance programs.

    Read the full article here.

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