Nokia Philippines exec shares financial tips

Posted at 04/22/2014 5:04 PM

MANILA, Philippines – His nearly decade-long tenure at Nokia has taught Karel Holub how to spend his money wisely.

Now general manager of Nokia Philippines Inc., Holub said the biggest lesson he has learned is to spend less than you make.

He also said he thinks twice before spending his hard-earned money on gadgets.

“I learned at a very young age that you have to work to earn money. I was getting pocket money from my parents for doing things at home,” he told ANC’s “On The Money.”

“It’s not what you buy, but what you do with it. So when I think about buying a gadget or whatever, I think about whether it will enrich my experiences or will I really use it or will it be just one more thing that I will add to my collection and put it on the side,” he added.

Holub shared that he also invests his money in the Philippine Stock Exchange.

“I buy some shares of Filipino companies. Philippines’ economy is growing, so there’s a lot of industries developing very quickly but again it comes down to working out what the company does and the price of their shares,” he said.

Holub believes that hard work and good habits are rewarded and can translate to success.

“As for my habits, I journal a lot, write notes about thoughts and meetings, and even reflect on the days,” he said.