Investing takes many forms. You can invest on things like shoes, bags, jewelries, on real property like house, lot, condo unit, cars, or on farming like cattle, pigs, or crops, and you can invest on paper assets such as Mutual Funds, Stocks Equities, Cooperative Shares or even direct corporate shares.
If you are first time investor, in view of these many and beautiful things you can invest on, you will have to learn how to, and which one to start with. This is very tricky task as there are those who will offer you these investments in exchange for your hard earned money. They will tell you or dictate to you which one to start with and if you are not in the know the proper way of which to choose, you will end up losing bigger opportunities for your money, or worse, you lose your money outright.
So how do you choose which to start with and which to choose from the whole array of investment possibilities? Let me share to you some practical ways I use .
There are three things I recommend you do: 1. Always counter check if it is really an Asset or Liability based on Robert Kiyosaki's definition, 2. Calculate or check prevailing rate of return, 3. Get a coach.
In my experience, based on Philippine scenario, real property trends, and the Stocks Market Trends, the best so far to invest in is on Mutual Funds and Stocks Equities. I should have deferred investing on real property which for the last 15 years had not grown more than 20% each year which one Mutual Fund has performed on the average in the last 16 years.
Once you have built up your paper assets, then you can buy at a bargain real properties or assets because CASH is KING!
If you want to learn more and wan to be coached how to do proper investing, please feel free to contact me or give me a feedback.
God bless!
Thursday, December 16, 2010
Thursday, December 9, 2010
Spend Now or Later? Save Now or Later? Christmas Commercialized....
Every-time the last three (3) months comes, the Christmas frenzy heightens up. Christmas bazaars, Christmas Sale and thus Christmas spending abound. It is a beautiful season of giving but I hope we do not over do it. I hope and pray we can be spared from the commercialism of Christmas. I hope too that we have the right direction and answer to the question: Spend now or later? Save now or later?
We must be thankful for all the blessings we have received and show our gratitude by giving to people and institutions. We must carry on with the tradition of gift giving and still be able to save for future needs. How do we do this? Very simple. We stick to our prosperity formula. Income- Tithes(10%) - Savings(20%) = Expenses (70%). Since there will be an inflow of money which is our 13th month pay, we must ensure we allocate the amounts the same way and not go beyond the 70% of the Cash In-Flow.
We also have to ensure we only buy things that we really need and give also things which people can make use of and more importantly a basic need. For institutions that we would like to help, cash gifts is most appropriate. For individuals, and loved ones, we should identify what do they really need, which we also can afford.
We must not fall for SALE items which we actually do not need or we still have. Do not fall for nice items to replace old ones that are still usable. Many fall for new LED TV or a touch screen phone, to add on to their still working TV or phone. Big purchases like new cars also happens during this season as the cash inflow is really huge, but how about next month? Will there be another 13th month pay?
So there you are friends, I submit that we must spend now within our means and not later for this is the season of giving. And we must consistently do it even if it is not Christmas. Giving must be consistent and all through out the year. That's the real spirit of Christmas.
I also propose we save now and not later at least 20% of the total cash in-flow. And we must not fall victim to the commercialized Christmas.
Spend within your means for what is needed and save whatever you can consistently this Christmas and through out the year!
Happy Spending and Saving!
We must be thankful for all the blessings we have received and show our gratitude by giving to people and institutions. We must carry on with the tradition of gift giving and still be able to save for future needs. How do we do this? Very simple. We stick to our prosperity formula. Income- Tithes(10%) - Savings(20%) = Expenses (70%). Since there will be an inflow of money which is our 13th month pay, we must ensure we allocate the amounts the same way and not go beyond the 70% of the Cash In-Flow.
We also have to ensure we only buy things that we really need and give also things which people can make use of and more importantly a basic need. For institutions that we would like to help, cash gifts is most appropriate. For individuals, and loved ones, we should identify what do they really need, which we also can afford.
We must not fall for SALE items which we actually do not need or we still have. Do not fall for nice items to replace old ones that are still usable. Many fall for new LED TV or a touch screen phone, to add on to their still working TV or phone. Big purchases like new cars also happens during this season as the cash inflow is really huge, but how about next month? Will there be another 13th month pay?
So there you are friends, I submit that we must spend now within our means and not later for this is the season of giving. And we must consistently do it even if it is not Christmas. Giving must be consistent and all through out the year. That's the real spirit of Christmas.
I also propose we save now and not later at least 20% of the total cash in-flow. And we must not fall victim to the commercialized Christmas.
Spend within your means for what is needed and save whatever you can consistently this Christmas and through out the year!
Happy Spending and Saving!
Tuesday, November 30, 2010
Which Is BetterTo Invest On?...Mutual Funds or Equities (Stocks)?
Investing is always , I should say, MUST always be based on a SPECIFIC financial goal. Financial goals is the amount of money we want to accumulate on a defined period of time or number of years for a certain purpose. You must not invest just for the sake of "pogi points", or as a status symbol . If you do investment without a goal, I would liken that to you riding on a bus without a definite destination. So the first requisite to knowing WHAT option is better to invest on is to define first WHY we are investing.
Okay, now that the WHY is settled, then you need to know the difference between MUTUAL FUNDS and STOCKS. I have written earlier in this Blogspot detailed explanation of the differences between the two but let me summarize it here for you... Investing in MUTUAL FUNDS and STOCKS are the SAME. It only differs on who actually manage your funds that you will put into STOCKS. MUTUAL FUNDS are money we put into a pool of fund s which we allow an EXPERT FUND MANAGER to handle how , when, and what STOCKS to buy as regulated also by Securities and Exchange Commission. Investing in STOCKS on the other hand requires you to have the access to a broker, either On-Line (we recommend Citisec On-Line) or any certified , listed broker for STOCKS you intend to buy. It is YOU and nobody but YOU who will define which STOCKS to buy, HOW much, and WHEN.
Investing in MUTUAL FUNDS therefore is much easier, as the role of the investor is simply to put money into the fund, while investing in STOCKS needs active participation from the investor.
However, the thrill and excitement that goes with full control in what STOCKS you invest on is not the same in investing in MUTUAL FUNDS.
So, now you can make a decision on which way to go...invest in MUTUAL FUND or Invest in STOCKS... I say do both. Start first with MUTUAL FUNDS and develop the habit, then proceed to invest in STOCKS once you have the needed skills.
Happy Investing....
Okay, now that the WHY is settled, then you need to know the difference between MUTUAL FUNDS and STOCKS. I have written earlier in this Blogspot detailed explanation of the differences between the two but let me summarize it here for you... Investing in MUTUAL FUNDS and STOCKS are the SAME. It only differs on who actually manage your funds that you will put into STOCKS. MUTUAL FUNDS are money we put into a pool of fund s which we allow an EXPERT FUND MANAGER to handle how , when, and what STOCKS to buy as regulated also by Securities and Exchange Commission. Investing in STOCKS on the other hand requires you to have the access to a broker, either On-Line (we recommend Citisec On-Line) or any certified , listed broker for STOCKS you intend to buy. It is YOU and nobody but YOU who will define which STOCKS to buy, HOW much, and WHEN.
Investing in MUTUAL FUNDS therefore is much easier, as the role of the investor is simply to put money into the fund, while investing in STOCKS needs active participation from the investor.
However, the thrill and excitement that goes with full control in what STOCKS you invest on is not the same in investing in MUTUAL FUNDS.
So, now you can make a decision on which way to go...invest in MUTUAL FUND or Invest in STOCKS... I say do both. Start first with MUTUAL FUNDS and develop the habit, then proceed to invest in STOCKS once you have the needed skills.
Happy Investing....
Wednesday, November 24, 2010
Why I do what I Do... My Full Credentials
Ruben VC. Santiago Jr.
Provincial Address: Blk. 19 Lot 1 Sherwood Ave., Sherwood Hills,
Brgy.Cabezas, Trece Martires City, Cavite
Mobile: 0920 902 1217
Email: benj5_santiago@yahoo.com or richbenj.santiago@gmail.com
EDUCATION
Post Graduate: College of St Benilde, DLSU Diploma in Organizational Development (April 2000)
Tertiary: Adamson University B.S. Mechanical Engineering (Graduated October 1978)
Secondary: Manila High School
Elementary: Tambo Elementary School
ACHIEVEMENTS
Consistent Scholar, National State Scholarship Grant
Consistent Top Ten Student in Elementary and High School
Passed Mechanical Engineering Board Examination
JIPM Certified TPM Trainer
WORK-RELATED EXPERIENCE:
Technical and Financial Consultant: January 2009 – Present. Conducts regular Seminars on Financial Literacy and Wealth Management as IMG Marketing Director and do specialized and public seminars on TPM, Problem Solving, Six Sigma, 5S, and Team Building Workshops.
Currently engaged with several companies on 5S TPM Implementation. Have more than 100 clients on financial planning and strategies, including investing and wealth and personal protection plans.
Quality and Reliability Assurance /Technical Training Director : OSE Philippines – May 2006 to Jan 2009. Responsible for Quality and Environmental Management and Technical Training for a Continuous Quality Improvements. Planned, prepared and executed activities that led to ISO14001 Certification of OSE in 2008. Developed and implemented computer based documentation and tracking systems for operational data/records, and On-line Specs and Documentation.
Technical Director : OSE Philippines – May 2002 to 2006. Responsible for the Assembly Process Engineering , Test Engineering and Business Development including New Product, Package Qualification and Yield Improvements in Assembly and Test and Technical Training and Development .
Resolved the Package Crack Issue on SOP 8 Mtx, Qualified into production 3 major Taiwan Customers generating additional 30% revenue for the company. Had been able to improve the Overall Assembly Yields by more than 0.2%. Was able to elevate to Supplier #1 OSE rating to one of the major customers. Had been instrumental in achieving more than 250K$/Year of Cost and Productivity Improvements
Developed Operator, Technician, Engineers and Managers, Training and Development Roadmaps. Conducted Technical Training and Team Building sessions for all levels of the organization.
SMT Assembly Process and Equipment Engineering, PDIP EOL Manufacturing, Technical Training, TPM Office Department Manager, and ATP (P1/P2) Process Control: Amkor Technology Philippines- 1992- May 2002 Responsible for the Process Engineering of SOT, PLCC , SIP, SOIC Packages of ATP2.
Launched the Amkor Anam University, and the TPM Office. Responsible for both the Technical Training needs and the OD Interventions including ladderized employee promotion roadmaps and succession planning.
Set-up the SMT Process and Equipment Engineering Start up team. Resolved the issue on Splate Machine strip jamming. Had set-up the Technical Training Section, and the Total Productive Maintenance Systems.
Developed and trained Amkor team members on Poka Yoke, Technical paper Writing, and 16 Steps Problem Solving Methodology.
Trained in the USA and Japan on TPM and certified as JIPM TPM Instructor with certification number 889. Set-up and driven the company towards JIPM TPM Assessment. Major improvements in company’s KPI and 5S Housekeeping had been achieved in both Operation Areas and Offices.
Chaired the Amkor Joint Engineering Council for Excellence and set-up internal Technical Symposium for fan in and fan out of successful projects.
Was recognized in 1996 as Amkor Technical Fellow for his Major Contributions and Promoted to Department Manager Level same year.
Technical Services Manager :Pricon Microelectronics- Bicutan, 1991-92 -Responsible for the Facilities Engineering, Assembly and Test Engineering, and General Services which includes Janitorial and Service Bus.
Qualified into production a major board stuffing product for a Japanese Customer that contributed at least 10% of the revenue. Had instituted Systems improvements in Process Specs generation and implementations. Improved the Facilities Equipment Uptime especially the Power Generator Sets. Improved the Plant 5S and Housekeeping. Improved the revenue on recycled materials and eliminated pilferage. Improved the Bus Service of the company.
Mold Process Engineer to Front of Line Assembly Process & Equipment Engineering Manager: Intel Phil.- Bangkal Makati, 1981-1991. Handled the process and equipment sustenance and improvements from Die Prep to Wirebond. Driven the resolution of Foreign Material problems of EPROMS. Resolved the Mold voids issue from more than 1% to less than 0.2 %. Had been able to improved overall assembly yields by at least 0.5%. Had qualified new mold compound materials for better reliability and yields. Was trained in the USA for Contamination Control and was able to bring down the particle issue on EPROM devices from more than 1% to less than 0.1%. Instituted numerous yield and productivity improvements meriting 3 Divisional Awards. Was named as Intel Key Employee on 1986 for his major contributions.
Instructor : Adamson University- San Marcelino Manila, 1978-81. Handled Mechanical Engineering subjects from basic courses such as Machine Shop Practice to Power Plant design.
EXTRA-CURRICULAR ACTIVITIES:
FOUNDING CHAIRMAN – Semicon Electronics Training Council (1996-1999)
PAST CHAIRMAN- Association of Semicon &Electronics Manufacturing Engineers of the Philippines (1997-1999)
PAST CHAIRMAN- SGS Industry Advisory Board (1999-2001)
PRESIDENT- Collegio de Sta Rosa Parents Teachers Association (2007- 2009)
FOUNDING CHAIRMAN- Gentri Partners Venture Multi-purpose Cooperative (2008- Present)
ASSISTANT BREAKFAST HEAD- Brotherhood of Christian Businessmen and Professionals – TMC (2009-Present)
BCGG HEAD- Magis Deo Community (2008- Present)
Provincial Address: Blk. 19 Lot 1 Sherwood Ave., Sherwood Hills,
Brgy.Cabezas, Trece Martires City, Cavite
Mobile: 0920 902 1217
Email: benj5_santiago@yahoo.com or richbenj.santiago@gmail.com
EDUCATION
Post Graduate: College of St Benilde, DLSU Diploma in Organizational Development (April 2000)
Tertiary: Adamson University B.S. Mechanical Engineering (Graduated October 1978)
Secondary: Manila High School
Elementary: Tambo Elementary School
ACHIEVEMENTS
Consistent Scholar, National State Scholarship Grant
Consistent Top Ten Student in Elementary and High School
Passed Mechanical Engineering Board Examination
JIPM Certified TPM Trainer
WORK-RELATED EXPERIENCE:
Technical and Financial Consultant: January 2009 – Present. Conducts regular Seminars on Financial Literacy and Wealth Management as IMG Marketing Director and do specialized and public seminars on TPM, Problem Solving, Six Sigma, 5S, and Team Building Workshops.
Currently engaged with several companies on 5S TPM Implementation. Have more than 100 clients on financial planning and strategies, including investing and wealth and personal protection plans.
Quality and Reliability Assurance /Technical Training Director : OSE Philippines – May 2006 to Jan 2009. Responsible for Quality and Environmental Management and Technical Training for a Continuous Quality Improvements. Planned, prepared and executed activities that led to ISO14001 Certification of OSE in 2008. Developed and implemented computer based documentation and tracking systems for operational data/records, and On-line Specs and Documentation.
Technical Director : OSE Philippines – May 2002 to 2006. Responsible for the Assembly Process Engineering , Test Engineering and Business Development including New Product, Package Qualification and Yield Improvements in Assembly and Test and Technical Training and Development .
Resolved the Package Crack Issue on SOP 8 Mtx, Qualified into production 3 major Taiwan Customers generating additional 30% revenue for the company. Had been able to improve the Overall Assembly Yields by more than 0.2%. Was able to elevate to Supplier #1 OSE rating to one of the major customers. Had been instrumental in achieving more than 250K$/Year of Cost and Productivity Improvements
Developed Operator, Technician, Engineers and Managers, Training and Development Roadmaps. Conducted Technical Training and Team Building sessions for all levels of the organization.
SMT Assembly Process and Equipment Engineering, PDIP EOL Manufacturing, Technical Training, TPM Office Department Manager, and ATP (P1/P2) Process Control: Amkor Technology Philippines- 1992- May 2002 Responsible for the Process Engineering of SOT, PLCC , SIP, SOIC Packages of ATP2.
Launched the Amkor Anam University, and the TPM Office. Responsible for both the Technical Training needs and the OD Interventions including ladderized employee promotion roadmaps and succession planning.
Set-up the SMT Process and Equipment Engineering Start up team. Resolved the issue on Splate Machine strip jamming. Had set-up the Technical Training Section, and the Total Productive Maintenance Systems.
Developed and trained Amkor team members on Poka Yoke, Technical paper Writing, and 16 Steps Problem Solving Methodology.
Trained in the USA and Japan on TPM and certified as JIPM TPM Instructor with certification number 889. Set-up and driven the company towards JIPM TPM Assessment. Major improvements in company’s KPI and 5S Housekeeping had been achieved in both Operation Areas and Offices.
Chaired the Amkor Joint Engineering Council for Excellence and set-up internal Technical Symposium for fan in and fan out of successful projects.
Was recognized in 1996 as Amkor Technical Fellow for his Major Contributions and Promoted to Department Manager Level same year.
Technical Services Manager :Pricon Microelectronics- Bicutan, 1991-92 -Responsible for the Facilities Engineering, Assembly and Test Engineering, and General Services which includes Janitorial and Service Bus.
Qualified into production a major board stuffing product for a Japanese Customer that contributed at least 10% of the revenue. Had instituted Systems improvements in Process Specs generation and implementations. Improved the Facilities Equipment Uptime especially the Power Generator Sets. Improved the Plant 5S and Housekeeping. Improved the revenue on recycled materials and eliminated pilferage. Improved the Bus Service of the company.
Mold Process Engineer to Front of Line Assembly Process & Equipment Engineering Manager: Intel Phil.- Bangkal Makati, 1981-1991. Handled the process and equipment sustenance and improvements from Die Prep to Wirebond. Driven the resolution of Foreign Material problems of EPROMS. Resolved the Mold voids issue from more than 1% to less than 0.2 %. Had been able to improved overall assembly yields by at least 0.5%. Had qualified new mold compound materials for better reliability and yields. Was trained in the USA for Contamination Control and was able to bring down the particle issue on EPROM devices from more than 1% to less than 0.1%. Instituted numerous yield and productivity improvements meriting 3 Divisional Awards. Was named as Intel Key Employee on 1986 for his major contributions.
Instructor : Adamson University- San Marcelino Manila, 1978-81. Handled Mechanical Engineering subjects from basic courses such as Machine Shop Practice to Power Plant design.
EXTRA-CURRICULAR ACTIVITIES:
FOUNDING CHAIRMAN – Semicon Electronics Training Council (1996-1999)
PAST CHAIRMAN- Association of Semicon &Electronics Manufacturing Engineers of the Philippines (1997-1999)
PAST CHAIRMAN- SGS Industry Advisory Board (1999-2001)
PRESIDENT- Collegio de Sta Rosa Parents Teachers Association (2007- 2009)
FOUNDING CHAIRMAN- Gentri Partners Venture Multi-purpose Cooperative (2008- Present)
ASSISTANT BREAKFAST HEAD- Brotherhood of Christian Businessmen and Professionals – TMC (2009-Present)
BCGG HEAD- Magis Deo Community (2008- Present)
Sunday, November 21, 2010
Riding the Bull... Ride it for as Long As You Can!
Is it still a bull run? By all indications Philippine Sock Market is in the upward trend and the surrounding conditions, including the political situation is conducive to a bull run.
However, this trend should not significantly change your investing strategy. If you are a trader, you use a different strategy to ride the bull. But, for us ordinary folks, who does not have the training nor facility to trade should stay on with their investing strategy.
How? The very first step is to make sure you have you investment goals.Meaning, you need to know exactly how much you want to have , by when, and for what purpose. Then, with discipline and consistency, just continue to invest while the bull is on the run or not. So ride the bull as long as you can.
Actually, it is easy to invest when the bull continuously run. What we need to learn really is how to get off the bull when it is on the run...
Will be willing to share with you how. Just give me an email or text me.
God bless!
However, this trend should not significantly change your investing strategy. If you are a trader, you use a different strategy to ride the bull. But, for us ordinary folks, who does not have the training nor facility to trade should stay on with their investing strategy.
How? The very first step is to make sure you have you investment goals.Meaning, you need to know exactly how much you want to have , by when, and for what purpose. Then, with discipline and consistency, just continue to invest while the bull is on the run or not. So ride the bull as long as you can.
Actually, it is easy to invest when the bull continuously run. What we need to learn really is how to get off the bull when it is on the run...
Will be willing to share with you how. Just give me an email or text me.
God bless!
Friday, November 12, 2010
Invest Continuously Regardless of the Trend....
Exactly 7 days ago, I posted a blog about the record high level of the stocks market and one particular Mutual Fund ( FAMI-First Metro Asset Management Inc) that zoomed past the 70% ROR - Rate of Return level. But the trend now has reversed and we have seen FAMI reduced by about 5-7% and the PSE Index dropped from 4400 to 4000 points.
Once again, the true blue blooded , informed, and guided investors are happy. While, those that dabbles into investing without literacy and coach wonder what's happening and goes into panic mode.
But, the simple way to true riches is : discipline and literacy. This means, we do not time the market, we do not care about the trends, we simply invest continuously, and regularly regardless whether the market is on an up-trend or down-swing.
We always start with our investment goals and tie up our actions to the said goals. And just continue with the investments. Get education and a coach to guide you.
God bless!
Once again, the true blue blooded , informed, and guided investors are happy. While, those that dabbles into investing without literacy and coach wonder what's happening and goes into panic mode.
But, the simple way to true riches is : discipline and literacy. This means, we do not time the market, we do not care about the trends, we simply invest continuously, and regularly regardless whether the market is on an up-trend or down-swing.
We always start with our investment goals and tie up our actions to the said goals. And just continue with the investments. Get education and a coach to guide you.
God bless!
Sunday, November 7, 2010
Bonus TIme Again... Where Did Your Last Bonus Went to?
Christmas is just around the corner... The countdown had begun and as of this writing,.. it just about 45 days to go and it's Christmas.
But, before the Christmas Celebrations, most employees receive their 13th Month Pay! Some as early as first week of November. We only work for 12 months yet we are paid 13th month...this is one of the good thing our government had mandated to employees on all ranks. Something we need to be thankful for.
Imagine if you have been working for 10 years with an average annual bonus of just 10K, by this time you should have 100K. That is if you do not know how to save and invest properly and you just put your money in a box and hid it under your bed. Or if you placed it in the bank, you should have something no more than 110K since SDA- Savings Deposit Accounts only earns a measly 0.5-1%/year in the last 10 yrs.
But , if you learn how to save and invest, easily, your 100K should be approaching the 200K even with the downturn last 2008. And leaving it there for just another 24 years, you can have 1,600,000.00PHP. What more if you continue to save your 13th Month Pay! This can fund your retirement needs.
But the sad thing I observe with most, of us, is that even before the 13th month pay is given , it is already spent. The money expected is calculated, and sometimes requested in advance to buy new gadgets, new appliances, new dress, shoes, bags, and many unnecessary things in the guise of emergencies.
For some, the 13th month is spent on splurging on Christmas Parties, foods, wines, clubs, and many celebrations.
How about you? Where did you spent your 13th month pays that passed your hands?
I challenge you... this time, invest some of it, at least 50% of it, and best is if you can save and invest the entire sum. Spend it when you really need it. Do not spend it on things that are not needed nor necessary. INVEST it for your FUTURE NEEDS....
God bless!
But, before the Christmas Celebrations, most employees receive their 13th Month Pay! Some as early as first week of November. We only work for 12 months yet we are paid 13th month...this is one of the good thing our government had mandated to employees on all ranks. Something we need to be thankful for.
Imagine if you have been working for 10 years with an average annual bonus of just 10K, by this time you should have 100K. That is if you do not know how to save and invest properly and you just put your money in a box and hid it under your bed. Or if you placed it in the bank, you should have something no more than 110K since SDA- Savings Deposit Accounts only earns a measly 0.5-1%/year in the last 10 yrs.
But , if you learn how to save and invest, easily, your 100K should be approaching the 200K even with the downturn last 2008. And leaving it there for just another 24 years, you can have 1,600,000.00PHP. What more if you continue to save your 13th Month Pay! This can fund your retirement needs.
But the sad thing I observe with most, of us, is that even before the 13th month pay is given , it is already spent. The money expected is calculated, and sometimes requested in advance to buy new gadgets, new appliances, new dress, shoes, bags, and many unnecessary things in the guise of emergencies.
For some, the 13th month is spent on splurging on Christmas Parties, foods, wines, clubs, and many celebrations.
How about you? Where did you spent your 13th month pays that passed your hands?
I challenge you... this time, invest some of it, at least 50% of it, and best is if you can save and invest the entire sum. Spend it when you really need it. Do not spend it on things that are not needed nor necessary. INVEST it for your FUTURE NEEDS....
God bless!
Friday, November 5, 2010
Investing in Good Times... Investing in Bad TImes
Merry Christmas Indeed, many friends of mine are having their early Christmas as we see our Investments zoom fast our expected levels! Levels that certainly would raise the eye brows of the non-informed and would shout SCAM rather than Hallelujah!
Along with this, many people instantly becomes stock brokers, stock players, and investors. Riding the bull with exhilaration. Yes, indeed the stocks market investing becomes easy when it is on the "Bull Run". But , the real acid test for the educated and informed investor in the Stock Market is when it goes "Bearish" or when the Stock Prices begin to fall.
Warren Buffet always preach to Invest Consistently an not to "time" the market because no one can. Thus, Investing should not just be now that the Bull Is On The Run! Investing must be done also during the times when the market plummets down.
Investing must be in Good Times and Bad Times.
Happy Investing!
PS:
This November 17,2010 at 7PM in IMG Office in Makati, Rex Mendoza - SVP of ALI (among many other positions held) will speak about the needed Skills in Riding the Bull! This is only open to IMG Members.
Along with this, many people instantly becomes stock brokers, stock players, and investors. Riding the bull with exhilaration. Yes, indeed the stocks market investing becomes easy when it is on the "Bull Run". But , the real acid test for the educated and informed investor in the Stock Market is when it goes "Bearish" or when the Stock Prices begin to fall.
Warren Buffet always preach to Invest Consistently an not to "time" the market because no one can. Thus, Investing should not just be now that the Bull Is On The Run! Investing must be done also during the times when the market plummets down.
Investing must be in Good Times and Bad Times.
Happy Investing!
PS:
This November 17,2010 at 7PM in IMG Office in Makati, Rex Mendoza - SVP of ALI (among many other positions held) will speak about the needed Skills in Riding the Bull! This is only open to IMG Members.
Friday, October 1, 2010
Doctors, Lawyers, Businessmen, Common Folks.. Same Needs....
We have completed a second round of Roxas City last week and we were so blessed to meet once again, people from all walks o life. Judge, Lawyers, Doctors, Businessmen, Sales Executives, Housewives, Housebands (Husbands that tends the house), and people from all walks of life.
They all fit our X-Curve Law of Building Wealth and Law of Decreasing Responsibilities. No one is exempted. No one can escape the Law! They all see the need to comply with our PROSPERITY FORMULA.
We all need to have Protection if we love our family. We all need to build our Investments for the future if we love ourselves. We all will grow old and not capable to do the job we have now, so we all need to transform from active income earners to passive income earners.
Everyone needs to improve cash flow. Those who are with job and business needs to improve cash flow so they can have more money invested (INVESTMENTS FOR FUTURE) and more importantly more money for their tithes ( I call this INVESTMENTS FOR ETERNITY) . Everyone indeed fits to comply with PROSPERITY FORMULA.
Those who struggles to make their both ends meet, and those who do not have the means can take the business opportunity seriously and they can make their dreams come true, and their cash flow going from negative to positive.
What differs between each one is just the amount...but the principles are the same.
If you want to learn more about this...just drop me an email...
God bless!
They all fit our X-Curve Law of Building Wealth and Law of Decreasing Responsibilities. No one is exempted. No one can escape the Law! They all see the need to comply with our PROSPERITY FORMULA.
We all need to have Protection if we love our family. We all need to build our Investments for the future if we love ourselves. We all will grow old and not capable to do the job we have now, so we all need to transform from active income earners to passive income earners.
Everyone needs to improve cash flow. Those who are with job and business needs to improve cash flow so they can have more money invested (INVESTMENTS FOR FUTURE) and more importantly more money for their tithes ( I call this INVESTMENTS FOR ETERNITY) . Everyone indeed fits to comply with PROSPERITY FORMULA.
Those who struggles to make their both ends meet, and those who do not have the means can take the business opportunity seriously and they can make their dreams come true, and their cash flow going from negative to positive.
What differs between each one is just the amount...but the principles are the same.
If you want to learn more about this...just drop me an email...
God bless!
Monday, September 6, 2010
Grace... True to her Name...
Last year on our Marian Pilgrimage, we met a lady by the name of Grace. She was with her friends when we chance upon her at Lourdes, France. Like any Filipinos abroad, they hunger for meeting Filipinos. We are so fortunate to meet her. She really live by her name.
We met again this year, as she invited us over to her house in Cavite. That is where I got to know her stories of trials and success. I am convinced she was born to be a grace for others.
Let me tell you Grace's background. I asked her permission to write about her , and I promised her, I wont reveal her full identity. I met her mother, a widow, her two sons by her French husband, her nieces and nephews, and some friends when she invited us over to her house. They are indeed very hospitable and very friendly from her mother to her friends. We had a good lunch.
Many years back, Grace and her siblings had to work abroad to eke a living. She worked in the middle east and finally landed in France. There she met her husband, got married and had children. Every year, they make it a point to go home to Cavite and every time they come home, it's like a feast in their place.
Her life seems like a fairytale, but it was not all that easy. Grace just knew how to handle hardships and was deeply anchored to God. And most of all, she is so grateful to God, that is why she is also so gracious to her family and neighbors.
She would buy groceries, not for their needs, but for the poor in their neighborhood. They would give away grocery items to many families in their small Barrio. She does not need to invite her friends, they come to her home when she comes back for a vacation. Her house is always filled up with family and friends. And she loves to do it....and I see that she is so happy doing it.
She inspires me, I want to also be a grace to others like her... who lives by her name... Grace!
God bless!
We met again this year, as she invited us over to her house in Cavite. That is where I got to know her stories of trials and success. I am convinced she was born to be a grace for others.
Let me tell you Grace's background. I asked her permission to write about her , and I promised her, I wont reveal her full identity. I met her mother, a widow, her two sons by her French husband, her nieces and nephews, and some friends when she invited us over to her house. They are indeed very hospitable and very friendly from her mother to her friends. We had a good lunch.
Many years back, Grace and her siblings had to work abroad to eke a living. She worked in the middle east and finally landed in France. There she met her husband, got married and had children. Every year, they make it a point to go home to Cavite and every time they come home, it's like a feast in their place.
Her life seems like a fairytale, but it was not all that easy. Grace just knew how to handle hardships and was deeply anchored to God. And most of all, she is so grateful to God, that is why she is also so gracious to her family and neighbors.
She would buy groceries, not for their needs, but for the poor in their neighborhood. They would give away grocery items to many families in their small Barrio. She does not need to invite her friends, they come to her home when she comes back for a vacation. Her house is always filled up with family and friends. And she loves to do it....and I see that she is so happy doing it.
She inspires me, I want to also be a grace to others like her... who lives by her name... Grace!
God bless!
Thursday, August 26, 2010
A Good Man Leaves Inheritance to His Grandchildren... Prov 13:22 (Good News Bible)
I want all the good people of this world to be truly rich...not just millionaires but truly happy billionaires... and the Bible tells us how....
Proverbs 22:13 is very clear that we need to be good... and to good you have to be wise.. and to be wise simply is to acquire knowledge.
" To have knowledge, you must have reverence for the Lord. Stupid people have no respect for wisdom and refuse to learn." Prov 1:7 So the very first step in accumulating wealth is really to have reverence to the Lord. Now, the question is, how do we show reverence to the Lord? Reverence to anyone is shown by respect and obedience. Obedience to His Laws. And the Law of the Lord as stated in the Ten Commandments can be summarized into one word...LOVE.
Love the Lord with all our heart, mind and soul ... and love our neighbors as we love ourselves.
If we accumulate wealth but not out of reverence to the Lord, and not by obeying His Laws, we will be chasing the wind. We wont be happy billionaires. But if we anchor our desire to leave inheritance to our grandchildren on LOVE, then we will truly be happy billionaires.
God bless!
Proverbs 22:13 is very clear that we need to be good... and to good you have to be wise.. and to be wise simply is to acquire knowledge.
" To have knowledge, you must have reverence for the Lord. Stupid people have no respect for wisdom and refuse to learn." Prov 1:7 So the very first step in accumulating wealth is really to have reverence to the Lord. Now, the question is, how do we show reverence to the Lord? Reverence to anyone is shown by respect and obedience. Obedience to His Laws. And the Law of the Lord as stated in the Ten Commandments can be summarized into one word...LOVE.
Love the Lord with all our heart, mind and soul ... and love our neighbors as we love ourselves.
If we accumulate wealth but not out of reverence to the Lord, and not by obeying His Laws, we will be chasing the wind. We wont be happy billionaires. But if we anchor our desire to leave inheritance to our grandchildren on LOVE, then we will truly be happy billionaires.
God bless!
Sunday, August 15, 2010
Ten Traits That Make You Rich...by Jeffrey Strain As Commented by Benj & Fely Santiago
Saving money isn't all about whether or not you know how to score screaming bargains. It's not SAVING because you bought it on SALE..:(
It has more to do with your ATTITUDE toward money.
Just think of those who don't fit the filthy-rich stereotype. People like Warren Buffett.
As explained in the book The Millionaire Next Door by Thomas J. Stanley and William D. Danko, personal finance has as much to do with people's traits as it does with money. Many millionaires, in fact, have frugal ways.
Understanding how personal traits can influence your finances is an essential ingredient for building wealth.
Here are 10 key traits:
1. Patience
Patience is one of the most important traits when it comes to saving money.
This means waiting until the first wave of product hype has passed, keeping a car for an extra few years before getting another one and waiting until something you want fits into your budget instead of putting it on credit.
Patience is often the difference between creating savings and being in debt. Having the patience to wait until you find a good deal is a cornerstone of good finances.
Or patience to wait for your money to grow..and just continue to save and invest now..it's not a GET_RICH QUICK mindset...Investing in MUTUAL FUNDS will take time to grow and compound. On the LONG TERM, MUTUAL FUNDS investing with right patience will prepare for your future needs...
2. Satisfaction
When you're satisfied, there is no reason to spend money on non-essentials. The sole purpose of commercials is to make you believe that buying a product or service will make you happier, wealthier, better looking or improve whatever isn't bringing you satisfaction.
People spend because they want to capture the excitement shown in advertisements. When you are satisfied with what you have and your life (not trying to live like those on TV), your finances will be in a lot better shape.
Live a SIMPLE lifestyle..spend only for your NEEDS and not WANTS if it's beyond your BUDGET..but if you SPEND and it's still within 70% of your income, then by all MEANS buy what you WANT and ENJOY it!! SAVE and INVEST 20% minimum to your HEALTH-CARE PROTECTION and to your MUTUAL FUNDS...
3. Organization
Being organized can make you more productive and ensure that all the many issues pertaining to personal finances are addressed.
It means not paying late fees, not buying two of everything, knowing deadlines that can affect your finances and getting more done in less time. All these can greatly benefit your finances.
Have your regular financial check up so you can ensure you cover all the many obligations in timely manner to avoid penalties which further drains your resources. Making a simple tracking system will enable you to execute this.
4. Discipline
You need the DISCIPLINE to continue to save money for specific, long-term goals every month.
Personal finance isn't a way to get rich quick, but is a disciplined execution of your lifetime plans.
This is definitely something you need to acquire for yourself. This cannot be handed down to you, nor be learned from seminars. Discipline comes from within and is acquired by practicing what you believe in. In personal finance, it is continually doing what you want and need to do to achieve your goal no matter what others do. Investing in MUTUAL FUNDS requires this a lot. MUTUAL FUNDS are internally dictated and thus this is where discipline comes in. MUTUAL FUNDS investing must be done regularly on a disciplined manner..
5. Reflectiveness
It's important to be able to look at your financial decisions and reflect on their results.
You're going to make financial mistakes. Everyone does.
The key is to learn from those mistakes so you don't make them again, or recognize if you keep repeating them.
But don't be imprisoned by your Fear of making mistakes or failures that you don't do something anymore! Have a BIAS for ACTION! Have the COURAGE to apply what your LEARN!! Some of us who invest on MUTUAL FUNDS have no fear....
6. Creativity
The economy and our earnings don't always match our expectations.
Unexpected developments wreak havoc to elaborate financial plans. When this happens, changes are needed to deal with the new circumstances. Creativity is essential to accomplish this.
Creativity allows you to make something last longer rather than purchasing it when you don't have the money. It means juggling money to stay out of debt rather than simply paying with a credit card. It means finding a cheaper alternative when money is tight.
In these ways, creativity plays a large role in keeping finances in order.
Emergency Funds is the ultimate solution to unexpected financial situations, The lack of emergency funds will necessitate the need for Creativity. However, creativity can also be the key to building your emergency funds. Alternative cost reduction moves is generated by creativity.
7. Curiosity
Having curiosity helps you learn, study and improve yourself.
The curiosity of wanting to know more, to take the time to study and then take what is learned and put into practice is an important process that is driven by curiosity.
Keep on LEARNING...be your own FINANCIAL EXPERT! .this is one of your privileges as IMG members..the learning never stops..attend our Wealth Academy Series every Mon, Wed 7pm, Sat 2pm in Makati or the Business School with our own President/CEO every Fri 7pm or the Product Trainings every Sat morning or 3rd Sun...
As a child, we were curious , that is why we amassed so much information. But we lose this curiosity as grow older. This should not be the case. Life is a continuing education. There is so much to discover especially in the field of finances.
Learn how to invest on MUTUAL FUNDS, on STOCKS , and you can have this opportunity at IMG- International Marketing Group.
8. Risk-Taking
To build wealth, one needs to be willing to TAKE RISKS. This doesn't mean un-calculated risks. It means weighing all the options and taking calculated risks when appropriate.
The stock market has risks involved, but over the long term, history shows that it provides good returns on money that is invested wisely. Those who fear risk altogether end up saving money in accounts that likely lose money to inflation in the long run.
Again EDUCATE yourself so you minimize or mitigate the risks.. Attend our IMG trainings..It's FREE! You've PAID for it already!
Risk is also mitigated if you invest on MUTUAL FUNDS as this is a diversified investment. If you have high capacity to take risks...invest on STOCKS... but before you do anything of both make sure you are PROTECTED... you are INSURED...
9. Goal-Oriented
The importance of setting and working toward goals is obvious. If you don't know where you are going, it's difficult to get there. It helps your personal finances immensely if you have money goals and are motivated to reach the goals that you have set for yourself.
Those who lack goals don't have a road map to take them to the financial destination they want.
People who starts to decay and begins to lose hope are those who no longer see their dreams or goals. This is the type of person who always say "we will never make it" .... and believe me... he will never will. Keep you eyes focused on your Big Dreams. Once you achieve it, aim for a higher one...and our ultimate Goal is to be Truly Rich so we can give more to God, and help more people in return.
Set your investment goals and put your savings on MUTUAL FUNDS and STOCKS for your Long Term Goals.
10. Hard- and Smart-Working:
Creating wealth and staying out of debt rarely comes about without a lot of hard work.
Many people might hope that the lottery will solve all their financial problems. Your chances of winning the LOTTO is 1:5.5M!! it's like being hit by a LIGHTNING TWICE in the SAME PLACE!! The true path to financial freedom, however, is to work hard to earn money while educating yourself to continue to have more value and increase your salary.
You may not possess all of the above traits. But knowing them can help you make changes so that you nourish the ones that you have and obtain the ones you're missing.
Ultimately they will help you with your personal finances and create a plan to accumulate the wealth you desire.
In IMG we not only teach you how to manage your finances, how to properly protect yourself and your assets, how to save and invest on MUTUAL FUNDS, but we also help your change your ATTITUDE, your mindset about building wealth! It's FINANCIAL LITERACY and DISCIPLINE!!
IMG also help us build our CHARACTER...to be STRONG, to stay POSITIVE even when we face rejection, "persecution", when other people despise us for what we do or even DOUBT our GOOD INTENTIONS! No PAIN no GAIN!
But the MISSION continues..JOIN..OWN..SHARE!!....HELP CREATE WEALTH FOR FAMILIES!!!
Let us MOVE PEOPLE from SPENDER -- to SAVER -- to INVESTOR -- to ENTREPRENEUR..from ACTIVE to PASSIVE INCOME!!
Help create HAPPY MILLIONAIRES! Be TRULY RICH MAKERS!!
We want to be RICH so we can GIVE MORE to GOD and to OTHERS!!
It has more to do with your ATTITUDE toward money.
Just think of those who don't fit the filthy-rich stereotype. People like Warren Buffett.
As explained in the book The Millionaire Next Door by Thomas J. Stanley and William D. Danko, personal finance has as much to do with people's traits as it does with money. Many millionaires, in fact, have frugal ways.
Understanding how personal traits can influence your finances is an essential ingredient for building wealth.
Here are 10 key traits:
1. Patience
Patience is one of the most important traits when it comes to saving money.
This means waiting until the first wave of product hype has passed, keeping a car for an extra few years before getting another one and waiting until something you want fits into your budget instead of putting it on credit.
Patience is often the difference between creating savings and being in debt. Having the patience to wait until you find a good deal is a cornerstone of good finances.
Or patience to wait for your money to grow..and just continue to save and invest now..it's not a GET_RICH QUICK mindset...Investing in MUTUAL FUNDS will take time to grow and compound. On the LONG TERM, MUTUAL FUNDS investing with right patience will prepare for your future needs...
2. Satisfaction
When you're satisfied, there is no reason to spend money on non-essentials. The sole purpose of commercials is to make you believe that buying a product or service will make you happier, wealthier, better looking or improve whatever isn't bringing you satisfaction.
People spend because they want to capture the excitement shown in advertisements. When you are satisfied with what you have and your life (not trying to live like those on TV), your finances will be in a lot better shape.
Live a SIMPLE lifestyle..spend only for your NEEDS and not WANTS if it's beyond your BUDGET..but if you SPEND and it's still within 70% of your income, then by all MEANS buy what you WANT and ENJOY it!! SAVE and INVEST 20% minimum to your HEALTH-CARE PROTECTION and to your MUTUAL FUNDS...
3. Organization
Being organized can make you more productive and ensure that all the many issues pertaining to personal finances are addressed.
It means not paying late fees, not buying two of everything, knowing deadlines that can affect your finances and getting more done in less time. All these can greatly benefit your finances.
Have your regular financial check up so you can ensure you cover all the many obligations in timely manner to avoid penalties which further drains your resources. Making a simple tracking system will enable you to execute this.
4. Discipline
You need the DISCIPLINE to continue to save money for specific, long-term goals every month.
Personal finance isn't a way to get rich quick, but is a disciplined execution of your lifetime plans.
This is definitely something you need to acquire for yourself. This cannot be handed down to you, nor be learned from seminars. Discipline comes from within and is acquired by practicing what you believe in. In personal finance, it is continually doing what you want and need to do to achieve your goal no matter what others do. Investing in MUTUAL FUNDS requires this a lot. MUTUAL FUNDS are internally dictated and thus this is where discipline comes in. MUTUAL FUNDS investing must be done regularly on a disciplined manner..
5. Reflectiveness
It's important to be able to look at your financial decisions and reflect on their results.
You're going to make financial mistakes. Everyone does.
The key is to learn from those mistakes so you don't make them again, or recognize if you keep repeating them.
But don't be imprisoned by your Fear of making mistakes or failures that you don't do something anymore! Have a BIAS for ACTION! Have the COURAGE to apply what your LEARN!! Some of us who invest on MUTUAL FUNDS have no fear....
6. Creativity
The economy and our earnings don't always match our expectations.
Unexpected developments wreak havoc to elaborate financial plans. When this happens, changes are needed to deal with the new circumstances. Creativity is essential to accomplish this.
Creativity allows you to make something last longer rather than purchasing it when you don't have the money. It means juggling money to stay out of debt rather than simply paying with a credit card. It means finding a cheaper alternative when money is tight.
In these ways, creativity plays a large role in keeping finances in order.
Emergency Funds is the ultimate solution to unexpected financial situations, The lack of emergency funds will necessitate the need for Creativity. However, creativity can also be the key to building your emergency funds. Alternative cost reduction moves is generated by creativity.
7. Curiosity
Having curiosity helps you learn, study and improve yourself.
The curiosity of wanting to know more, to take the time to study and then take what is learned and put into practice is an important process that is driven by curiosity.
Keep on LEARNING...be your own FINANCIAL EXPERT! .this is one of your privileges as IMG members..the learning never stops..attend our Wealth Academy Series every Mon, Wed 7pm, Sat 2pm in Makati or the Business School with our own President/CEO every Fri 7pm or the Product Trainings every Sat morning or 3rd Sun...
As a child, we were curious , that is why we amassed so much information. But we lose this curiosity as grow older. This should not be the case. Life is a continuing education. There is so much to discover especially in the field of finances.
Learn how to invest on MUTUAL FUNDS, on STOCKS , and you can have this opportunity at IMG- International Marketing Group.
8. Risk-Taking
To build wealth, one needs to be willing to TAKE RISKS. This doesn't mean un-calculated risks. It means weighing all the options and taking calculated risks when appropriate.
The stock market has risks involved, but over the long term, history shows that it provides good returns on money that is invested wisely. Those who fear risk altogether end up saving money in accounts that likely lose money to inflation in the long run.
Again EDUCATE yourself so you minimize or mitigate the risks.. Attend our IMG trainings..It's FREE! You've PAID for it already!
Risk is also mitigated if you invest on MUTUAL FUNDS as this is a diversified investment. If you have high capacity to take risks...invest on STOCKS... but before you do anything of both make sure you are PROTECTED... you are INSURED...
9. Goal-Oriented
The importance of setting and working toward goals is obvious. If you don't know where you are going, it's difficult to get there. It helps your personal finances immensely if you have money goals and are motivated to reach the goals that you have set for yourself.
Those who lack goals don't have a road map to take them to the financial destination they want.
People who starts to decay and begins to lose hope are those who no longer see their dreams or goals. This is the type of person who always say "we will never make it" .... and believe me... he will never will. Keep you eyes focused on your Big Dreams. Once you achieve it, aim for a higher one...and our ultimate Goal is to be Truly Rich so we can give more to God, and help more people in return.
Set your investment goals and put your savings on MUTUAL FUNDS and STOCKS for your Long Term Goals.
10. Hard- and Smart-Working:
Creating wealth and staying out of debt rarely comes about without a lot of hard work.
Many people might hope that the lottery will solve all their financial problems. Your chances of winning the LOTTO is 1:5.5M!! it's like being hit by a LIGHTNING TWICE in the SAME PLACE!! The true path to financial freedom, however, is to work hard to earn money while educating yourself to continue to have more value and increase your salary.
You may not possess all of the above traits. But knowing them can help you make changes so that you nourish the ones that you have and obtain the ones you're missing.
Ultimately they will help you with your personal finances and create a plan to accumulate the wealth you desire.
In IMG we not only teach you how to manage your finances, how to properly protect yourself and your assets, how to save and invest on MUTUAL FUNDS, but we also help your change your ATTITUDE, your mindset about building wealth! It's FINANCIAL LITERACY and DISCIPLINE!!
IMG also help us build our CHARACTER...to be STRONG, to stay POSITIVE even when we face rejection, "persecution", when other people despise us for what we do or even DOUBT our GOOD INTENTIONS! No PAIN no GAIN!
But the MISSION continues..JOIN..OWN..SHARE!!....HELP CREATE WEALTH FOR FAMILIES!!!
Let us MOVE PEOPLE from SPENDER -- to SAVER -- to INVESTOR -- to ENTREPRENEUR..from ACTIVE to PASSIVE INCOME!!
Help create HAPPY MILLIONAIRES! Be TRULY RICH MAKERS!!
We want to be RICH so we can GIVE MORE to GOD and to OTHERS!!
Tuesday, August 10, 2010
The first T to Give is TIME....
Give your All and you'll be blessed. All of your 3 T's: TIME , TREASURE and TALENTS...
Last week Bro Bo expounded on giving TIME to what you want to do, and need to do. " Give your 10,000 hours on what you want to excel in and you'll unleash the power in you".
This is very much applicable to any thing we get ourselves into. Be it sports, business, studies, skills, whatever. Look at the likes of Tiger Woods, Manny Pacquiao, Lea Salonga, and you will find out they had poured out more than 10,000 hours practicing , polishing, and perfecting their craft and they are super successful...agree?.. Same with investing in MUTUAL FUNDS and STOCKS... you have to give it time too....for your money to compound and grow big..
It is definitely the same with Building and Creating Wealth for your future though MUTUAL FUNDS and STOCKS Investing. You need to give your STOCKS and MUTUAL FUNDS time. You must ensure you pour time to learn the rudiments of investing on MUTUAL FUNDS and STOCKS, and on IMG business. You need to spend time building your team, encouraging, empowering and exciting them to do their best.
Everyone has equal time opportunity, and the rich people use time to the fullest in honing their capabilities and in creating wealth through MUTUAL FUNDS and STOCKS investing. Poor people waste their time, and spend it on useless activities instead of giving it to themselves to unleash the power within them.
Be rich, or better yet...be super rich, and be a blessing to others... Spend your 10,000 to your dreams....
God bless!
Last week Bro Bo expounded on giving TIME to what you want to do, and need to do. " Give your 10,000 hours on what you want to excel in and you'll unleash the power in you".
This is very much applicable to any thing we get ourselves into. Be it sports, business, studies, skills, whatever. Look at the likes of Tiger Woods, Manny Pacquiao, Lea Salonga, and you will find out they had poured out more than 10,000 hours practicing , polishing, and perfecting their craft and they are super successful...agree?.. Same with investing in MUTUAL FUNDS and STOCKS... you have to give it time too....for your money to compound and grow big..
It is definitely the same with Building and Creating Wealth for your future though MUTUAL FUNDS and STOCKS Investing. You need to give your STOCKS and MUTUAL FUNDS time. You must ensure you pour time to learn the rudiments of investing on MUTUAL FUNDS and STOCKS, and on IMG business. You need to spend time building your team, encouraging, empowering and exciting them to do their best.
Everyone has equal time opportunity, and the rich people use time to the fullest in honing their capabilities and in creating wealth through MUTUAL FUNDS and STOCKS investing. Poor people waste their time, and spend it on useless activities instead of giving it to themselves to unleash the power within them.
Be rich, or better yet...be super rich, and be a blessing to others... Spend your 10,000 to your dreams....
God bless!
Wednesday, August 4, 2010
Getting out of Debt in America..
This is a re-posted news update from WFG- USA , the mother company of IMG in the Philippines.
Our mission to help people get out of debts is worldwide as evidenced by this. Instead of accumulating debts, we want you to accumulate assets, wealth through MUTUAL FUNDS and STOCKS investing...
Read on and be informed and educated so you don't get into the debt trap. And if you are already in it, this will tell you how our company can help you....
WFG Partners,
It was wonderful to see many of you at the Convention of Champions at the MGM in Las Vegas! Thank you for stopping by our booth if you had the opportunity to do so. We are receiving a lot of valuable feedback from Associates that we will be implementing in the months ahead and have already signed up many offices for trainings. It has been another fantastic Convention!
We have two general webinars this month, and if you have not had the chance to participate in one of our training sessions, please register. Both registration links are in this newsletter with further details. If you are unable to join us on a live Webinar, we also now have a recorded webinar on our website at www.wfg.debtmerica.com. Our website also has many resources to assist you including marketing materials, product guides and referral information.
The first article highlighted in this newsletter discusses the increase in credit card debt, despite numbers showing a decrease in delinquencies. A new report in the Wall Street Journal finds the unthinkable is happening: despite joblessness rates remaining high, collectors, who usually do the squeezing, are getting squeezed a bit themselves. Credit card companies are writing off long-delinquent debt as money they will never collect, and doing so in very large amounts.
The next article details how more consumers are turning to experts for debt management plans in aiding them in their battle against unsecured debt. The U.S. Consumer Study on Debt reveals that 5.13 million consumers have enrolled in such services, and The Association of Settlement Companies (TASC) reported their industry helped settle more than $1 billion in consumer debt last year. Just as high unemployment rates, deflated home values, rising gas prices and an economic recession have driven up consumer debt levels, so too have tightening credit markets and a strict regulatory environment limited many forms of debt relief for Americans. Most consumers today must turn to either credit counseling or debt settlement as the only viable ways to resolve high debt levels, if they are working to avoid bankruptcy.
Our third article talks about two senators who do not feel the new Federal Reserve rules on credit card companies are strong enough. The senators say that even with the new rules going into effect on August 22nd, that consumers can still get hit with double or triple the interest rate when they fall behind on their payments. With the help of these senators, more protection would hopefully umbrella consumers from creditors.
And lastly, our fourth article gives helpful tips on how to finance college without taking on heaps of debt, and it emphasizes avoiding credit card debt in particular. From choosing a better fitted university in your budget, to getting help from the federal government, or seeking out the plethora of scholarships available to you – there are great suggestions. Don't believe that a credit card with high interest rates is the only way to get you through. There are various financing options for students out there, and you just have go out and seek them.
We appreciate your partnership and will continue to help your clients reach financial freedom!
Sincerely,
Your Debtmerica Relief Team
Credit Card Debt Getting Worse, Despite Numbers
All the latest numbers make it look like a success story. Credit card debt and delinquencies have declined in recent months, and experts hail these numbers as a sign that Americans are pulling themselves out of financial trouble.
Read More »
More Consumers Choosing Debt Settlement and Consolidation
More and more Americans are finding themselves deeply in debt and looking for a way out. They are turning in greater numbers to experts that can help them consolidate, manage or settle that debt.
Read More »
Two Senators Push for Greater Protection from the FED on Credit Card Debt
In recent months, many consumers may have found themselves hit with penalty rates and fees for a late payment, which has only added to their ever-mounting credit card debt. And while new Federal Reserve rules will soon be enacted to help alleviate the problem, two U.S. senators say they don't go far enough.
Read More »
How to Finance College Without Drowning in Debt
As any consumer who has tried to pay their own or someone else's way through higher education can attest, getting a degree is expensive.
Read More »
Credit Card Debt Relief Programs:
If you are experiencing a financial or personal hardship that is preventing you from paying your bills, please Read More »
Our mission to help people get out of debts is worldwide as evidenced by this. Instead of accumulating debts, we want you to accumulate assets, wealth through MUTUAL FUNDS and STOCKS investing...
Read on and be informed and educated so you don't get into the debt trap. And if you are already in it, this will tell you how our company can help you....
WFG Partners,
It was wonderful to see many of you at the Convention of Champions at the MGM in Las Vegas! Thank you for stopping by our booth if you had the opportunity to do so. We are receiving a lot of valuable feedback from Associates that we will be implementing in the months ahead and have already signed up many offices for trainings. It has been another fantastic Convention!
We have two general webinars this month, and if you have not had the chance to participate in one of our training sessions, please register. Both registration links are in this newsletter with further details. If you are unable to join us on a live Webinar, we also now have a recorded webinar on our website at www.wfg.debtmerica.com. Our website also has many resources to assist you including marketing materials, product guides and referral information.
The first article highlighted in this newsletter discusses the increase in credit card debt, despite numbers showing a decrease in delinquencies. A new report in the Wall Street Journal finds the unthinkable is happening: despite joblessness rates remaining high, collectors, who usually do the squeezing, are getting squeezed a bit themselves. Credit card companies are writing off long-delinquent debt as money they will never collect, and doing so in very large amounts.
The next article details how more consumers are turning to experts for debt management plans in aiding them in their battle against unsecured debt. The U.S. Consumer Study on Debt reveals that 5.13 million consumers have enrolled in such services, and The Association of Settlement Companies (TASC) reported their industry helped settle more than $1 billion in consumer debt last year. Just as high unemployment rates, deflated home values, rising gas prices and an economic recession have driven up consumer debt levels, so too have tightening credit markets and a strict regulatory environment limited many forms of debt relief for Americans. Most consumers today must turn to either credit counseling or debt settlement as the only viable ways to resolve high debt levels, if they are working to avoid bankruptcy.
Our third article talks about two senators who do not feel the new Federal Reserve rules on credit card companies are strong enough. The senators say that even with the new rules going into effect on August 22nd, that consumers can still get hit with double or triple the interest rate when they fall behind on their payments. With the help of these senators, more protection would hopefully umbrella consumers from creditors.
And lastly, our fourth article gives helpful tips on how to finance college without taking on heaps of debt, and it emphasizes avoiding credit card debt in particular. From choosing a better fitted university in your budget, to getting help from the federal government, or seeking out the plethora of scholarships available to you – there are great suggestions. Don't believe that a credit card with high interest rates is the only way to get you through. There are various financing options for students out there, and you just have go out and seek them.
We appreciate your partnership and will continue to help your clients reach financial freedom!
Sincerely,
Your Debtmerica Relief Team
Credit Card Debt Getting Worse, Despite Numbers
All the latest numbers make it look like a success story. Credit card debt and delinquencies have declined in recent months, and experts hail these numbers as a sign that Americans are pulling themselves out of financial trouble.
Read More »
More Consumers Choosing Debt Settlement and Consolidation
More and more Americans are finding themselves deeply in debt and looking for a way out. They are turning in greater numbers to experts that can help them consolidate, manage or settle that debt.
Read More »
Two Senators Push for Greater Protection from the FED on Credit Card Debt
In recent months, many consumers may have found themselves hit with penalty rates and fees for a late payment, which has only added to their ever-mounting credit card debt. And while new Federal Reserve rules will soon be enacted to help alleviate the problem, two U.S. senators say they don't go far enough.
Read More »
How to Finance College Without Drowning in Debt
As any consumer who has tried to pay their own or someone else's way through higher education can attest, getting a degree is expensive.
Read More »
Credit Card Debt Relief Programs:
If you are experiencing a financial or personal hardship that is preventing you from paying your bills, please Read More »
Sunday, August 1, 2010
Give Your All for a BIG Return!
Last Sunday , Bro Bo started a new series which he aptly entitled T3: Talents , Treasure and Time.
He challenges us to give our all on this T3. I find it really inspiring and really compels me to give my 110% in all that I do. I look back a the times I have given my more than 100% and the results indeed are super.
And you know what? It applies to all aspects of our life. Be it our personal relationships, our job, our business, and our relationship with the LORD our God! .
The principle of giving , and the secret to abundance is the mindset of abundance and trust in the Lord. If we give, we create a vacuum, a space that will allow the Lord our God Almighty to fill up with His better and bigger blessings.
To who we should give first? Of course give the best part of our harvest first to the LORD who supplies all things... He actually do not need anything from us. He is just allowing us to open our hearts and palms as we give to receive more blessings from Him that all blessings come from.
Then we give to ourselves. We must reward ourselves first at least 20% of our "harvest", of what we earned. And we invest this to earn more by putting it into MUTUAL FUNDS, or STOCKS.
In the aspect of relationships , especially with my wife, it is really the secret formula to keep the marriage in super dooper condition for it will always be 100% complete even if one fails to give because both of us will be giving our 100% and there will always be a reserve in case one of us fails to contribute our 100%. "Ang galing"!
In our IMG business, giving our all means really going out, and be bold and strong in our proclamation of the good news in financial matters. We need to break the barriers of fear and disbelief in investing that plagued so many people. Filipinos in particular need to be moved and shaken to invest into MUTUAL FUNDS and STOCKS.
We indeed can be super rich in this endeavor both here on earth as it is in heaven... for we will be able to have more commissions which in turn we can use to help more people especially in Bro Bo's ministries.
Let's give our all and expect BIG Returns!
God bless us all!
He challenges us to give our all on this T3. I find it really inspiring and really compels me to give my 110% in all that I do. I look back a the times I have given my more than 100% and the results indeed are super.
And you know what? It applies to all aspects of our life. Be it our personal relationships, our job, our business, and our relationship with the LORD our God! .
The principle of giving , and the secret to abundance is the mindset of abundance and trust in the Lord. If we give, we create a vacuum, a space that will allow the Lord our God Almighty to fill up with His better and bigger blessings.
To who we should give first? Of course give the best part of our harvest first to the LORD who supplies all things... He actually do not need anything from us. He is just allowing us to open our hearts and palms as we give to receive more blessings from Him that all blessings come from.
Then we give to ourselves. We must reward ourselves first at least 20% of our "harvest", of what we earned. And we invest this to earn more by putting it into MUTUAL FUNDS, or STOCKS.
In the aspect of relationships , especially with my wife, it is really the secret formula to keep the marriage in super dooper condition for it will always be 100% complete even if one fails to give because both of us will be giving our 100% and there will always be a reserve in case one of us fails to contribute our 100%. "Ang galing"!
In our IMG business, giving our all means really going out, and be bold and strong in our proclamation of the good news in financial matters. We need to break the barriers of fear and disbelief in investing that plagued so many people. Filipinos in particular need to be moved and shaken to invest into MUTUAL FUNDS and STOCKS.
We indeed can be super rich in this endeavor both here on earth as it is in heaven... for we will be able to have more commissions which in turn we can use to help more people especially in Bro Bo's ministries.
Let's give our all and expect BIG Returns!
God bless us all!
Friday, July 16, 2010
Don’t Be An Army of One
Here is one reason why we build teams in IMG to be able to harness the full potential of our million peso business...
This one is again from T Harv Ecker, a well known author of the Millionaire's Mind... Read on...
"Can you make it on your own in business, and be outrageously successful? Heck yeah! Don’t let anybody tell you any different.
You get so much more done with teams, though, and the more people getting more done, the more fun it’s going to be. How fun would it be to play volleyball when it’s two of you against five people on the other side? What if you could have as many people on your side as possible if the rules allowed it? Would you do it?
In sports, there are strict rules to follow in terms of how many people are allowed on your team, on the field, or on the disabled list. In business, you can team up or manage or contract as many people as you see fit. For goodness sake, why would you want to go at riches alone?
Again, you can make it on your own. I made it on my own. The only distinction is to what level you can get rich on your own? In my experience, you can get a little past mediocrity and that’s about it. I’ve tried it several different ways, and trust me, putting a team together—especially as far as my own staff—is not my favorite thing in the world. But when it comes to what’s easier, it’s not even close.
If you want to get rich you will need help. You will need support. It’s a matter of energy. A lot of money takes a lot of energy! Will the wealth you want take the energy of one person, five, or 10, or 50 people?
At the beginning there’s a good chance you’ll have to do most everything yourself. However, the intention is not to just create a short term working income. The intention is for you to … say it with me … create passive income and increase the value and worth of your company!
Therefore you literally have no choice but to bring on people so the business can work without you and grow to its fullest potential.
I hear it all the time; a single business owner will say that they’re not sure that they can afford to hire an administrative assistant. Really? Once you’re up and running and have a little bit of a sales system going, you cannot afford not to hire one.
The idea is to use your strengths and delegate your weaknesses to someone else who is strong in that area. If you are handling the administration of the company and you could hand it off to somebody else—and double the time you have for marketing—what would that do to your bottom line? Even if you’re not the best at marketing and sales, lending a hand and focusing on getting and motivating the people who are good at it can make a big difference too.
Now it’s your turn! Tell me your stories of the power of having a great team, and what it’s meant to your energy level if not your bottom line. Next week we’ll talk further about the role of team in building a financial bank machine for your future convenience!" by: T Harv Ecker
In IMG, this is precisely what we teach and what we want our associates to achieve. Work with people, build teams so you can earn big money which in turn you can invest back to MUTUAL FUNDS and STOCKS which in turn would earn money you can again invest back to MUTUAL FUNDS and STOCKS.. in short build teams so you can earn big and create "automatic money machines" from the power of the team and not just one single person YOU... God bless!
This one is again from T Harv Ecker, a well known author of the Millionaire's Mind... Read on...
"Can you make it on your own in business, and be outrageously successful? Heck yeah! Don’t let anybody tell you any different.
You get so much more done with teams, though, and the more people getting more done, the more fun it’s going to be. How fun would it be to play volleyball when it’s two of you against five people on the other side? What if you could have as many people on your side as possible if the rules allowed it? Would you do it?
In sports, there are strict rules to follow in terms of how many people are allowed on your team, on the field, or on the disabled list. In business, you can team up or manage or contract as many people as you see fit. For goodness sake, why would you want to go at riches alone?
Again, you can make it on your own. I made it on my own. The only distinction is to what level you can get rich on your own? In my experience, you can get a little past mediocrity and that’s about it. I’ve tried it several different ways, and trust me, putting a team together—especially as far as my own staff—is not my favorite thing in the world. But when it comes to what’s easier, it’s not even close.
If you want to get rich you will need help. You will need support. It’s a matter of energy. A lot of money takes a lot of energy! Will the wealth you want take the energy of one person, five, or 10, or 50 people?
At the beginning there’s a good chance you’ll have to do most everything yourself. However, the intention is not to just create a short term working income. The intention is for you to … say it with me … create passive income and increase the value and worth of your company!
Therefore you literally have no choice but to bring on people so the business can work without you and grow to its fullest potential.
I hear it all the time; a single business owner will say that they’re not sure that they can afford to hire an administrative assistant. Really? Once you’re up and running and have a little bit of a sales system going, you cannot afford not to hire one.
The idea is to use your strengths and delegate your weaknesses to someone else who is strong in that area. If you are handling the administration of the company and you could hand it off to somebody else—and double the time you have for marketing—what would that do to your bottom line? Even if you’re not the best at marketing and sales, lending a hand and focusing on getting and motivating the people who are good at it can make a big difference too.
Now it’s your turn! Tell me your stories of the power of having a great team, and what it’s meant to your energy level if not your bottom line. Next week we’ll talk further about the role of team in building a financial bank machine for your future convenience!" by: T Harv Ecker
In IMG, this is precisely what we teach and what we want our associates to achieve. Work with people, build teams so you can earn big money which in turn you can invest back to MUTUAL FUNDS and STOCKS which in turn would earn money you can again invest back to MUTUAL FUNDS and STOCKS.. in short build teams so you can earn big and create "automatic money machines" from the power of the team and not just one single person YOU... God bless!
Monday, July 12, 2010
Re-Post from T Harv Ecker- "Price is Right"
"The names get called out, excited people jump out of their seats and clamber down the stairway; each time with that familiar voice screaming, “Come on down! You’re the next contestant on The Price Is Right!” Anybody who has been home sick from school, work or just had a day off within the last half 25 years knows what I’m talking about.
It’s too bad, though, that a lot of business people and entrepreneurs don’t realize the power of pricing within their success strategies. Their impulse is to sell more of something at a cheaper price under the pretense that people want cheaper products, yes?
True enough, but let’s take institutional brands like Wal-Mart or Home Depot. Who sells cheaper than them, and who competes? In our march to millions, we want to dream big but not start out swimming upstream against whales. Home Depot can lose money for years in a row but its owners will barely feel it. Most business people aren’t in that enviable position. If that were you in your business, you’d be feeling those losses alright.
Which is why as a growing or start-up business, you want to play where the big kids aren’t playing— niche markets with specialty products and/or services that certain people are willing to pay more for—certain qualities and customizations that you multiply but others aren’t doing. No matter what the economy, there are people out there who care about certain things and are willing to pay more for them because it matters to them.
Rich business people understand the true meaning of the Price is Right: they offer higher ticket items! Poor business people tend to offer low ticket items. People always think that if the item is cheap enough they’ll sell millions.
Don’t get me wrong. Selling $20 dollar items to one person at a time does make sense if that one person is buying 10,000 units off of you. Not saying everything you have has to be at a higher price, because sometimes it’s a good idea to have a lower price on some entry level products and then offer the higher pricing once they know and trust you.
Rich people who have the money just want that item! And here’s where it helps to understand a little bit of the money blueprint behind the dynamics of selling fewer for higher cost versus more for less. Most business people do not offer higher ticket items because their own self worth is low. Their price isn’t right with the intention of rich. Get the price higher and then increase the value, and get rich. Always deal with high volume buyers, not one on ones selling cheaper products. Don’t bother with that.
Ask Yourself this: What are some higher ticket products or services that other people in your industry might be offering that you might be able to add to your business? How do you make things special?
Now it’s your turn! Take this opportunity to share some of your insights on pricing. Are you having struggles with volume, or who can buy a lot of your product? Have you found any clues to selling less for more versus more and cheaper? The Million Mind community is that forum for like-minded visionaries to bounce ideas and suggestions."
By: T Harv Ecker
Tags: business, business system, Cost, creating a system, creating wealth, economy, financial foundation, financially free, growing your business, Growth, millions, money blueprint, money machines, pretense, products, rich, Right Price, start up business, successful businesses, upstream, Wealth, work on the business
IMG Business offers you opportunity to serve people with financial services products that are priced right that you do can sell just a few for big money, which in turn can be your investment money for your MUTUAL FUNDS and STOCKS....
It’s too bad, though, that a lot of business people and entrepreneurs don’t realize the power of pricing within their success strategies. Their impulse is to sell more of something at a cheaper price under the pretense that people want cheaper products, yes?
True enough, but let’s take institutional brands like Wal-Mart or Home Depot. Who sells cheaper than them, and who competes? In our march to millions, we want to dream big but not start out swimming upstream against whales. Home Depot can lose money for years in a row but its owners will barely feel it. Most business people aren’t in that enviable position. If that were you in your business, you’d be feeling those losses alright.
Which is why as a growing or start-up business, you want to play where the big kids aren’t playing— niche markets with specialty products and/or services that certain people are willing to pay more for—certain qualities and customizations that you multiply but others aren’t doing. No matter what the economy, there are people out there who care about certain things and are willing to pay more for them because it matters to them.
Rich business people understand the true meaning of the Price is Right: they offer higher ticket items! Poor business people tend to offer low ticket items. People always think that if the item is cheap enough they’ll sell millions.
Don’t get me wrong. Selling $20 dollar items to one person at a time does make sense if that one person is buying 10,000 units off of you. Not saying everything you have has to be at a higher price, because sometimes it’s a good idea to have a lower price on some entry level products and then offer the higher pricing once they know and trust you.
Rich people who have the money just want that item! And here’s where it helps to understand a little bit of the money blueprint behind the dynamics of selling fewer for higher cost versus more for less. Most business people do not offer higher ticket items because their own self worth is low. Their price isn’t right with the intention of rich. Get the price higher and then increase the value, and get rich. Always deal with high volume buyers, not one on ones selling cheaper products. Don’t bother with that.
Ask Yourself this: What are some higher ticket products or services that other people in your industry might be offering that you might be able to add to your business? How do you make things special?
Now it’s your turn! Take this opportunity to share some of your insights on pricing. Are you having struggles with volume, or who can buy a lot of your product? Have you found any clues to selling less for more versus more and cheaper? The Million Mind community is that forum for like-minded visionaries to bounce ideas and suggestions."
By: T Harv Ecker
Tags: business, business system, Cost, creating a system, creating wealth, economy, financial foundation, financially free, growing your business, Growth, millions, money blueprint, money machines, pretense, products, rich, Right Price, start up business, successful businesses, upstream, Wealth, work on the business
IMG Business offers you opportunity to serve people with financial services products that are priced right that you do can sell just a few for big money, which in turn can be your investment money for your MUTUAL FUNDS and STOCKS....
Monday, July 5, 2010
First Half 2010 Performance of Mutual Funds
Sharing 1st half performance of Mutual Funds...Most of what we carry in IMG are in the top list (First Metro, Philam Bond Funds Philequity Funds)...If you invested P100K in January in First Metro Save & learn Equity fund, your money would have been P123K end of June! That's 23% return!
How much is the return of your money in the bank??? You wont even earn more than 500Php.
Of course it's not always like this year after year..But on the average, MUTUAL FUNDS return has been between 15-18%% which is way above 12% that we use in our trainings. It comes as a surprise to a lot of people because they don't know that there are indeed a MUTUAL FUND investment vehicles giving 12% return.. mine was 30% last year and 16% for the first half!
The key though is regular, disciplined approach to investing in STOCKS and MUTUAL FUNDS to maximize the return of your money..but how can you do it if your monthly cash flow is not enough? That's where the IMG business opportunity comes in! By doing the IMG business -- which is sharing financial literacy and applying it (education plus application) -- you have the potential of earning extra income that you can invest into MUTUAL FUNDS and STOCKS!
Look how much your money will be if you invest P5000 and P10000 in MUTUAL FUNDS or STOCKS at 18% return for 10, 15, 20, 25, 30 years! It's P70M after 30 yrs for P5000 monthly investment and P141M after 30 yrs for P10000 monthly investment! You CAN DO it if you do the IMG business! Just spread JOS (Join-Own-Share)!
10Y 15Y 20Y 25Y 30Y
5000 5000 5000 5000 5000
18% 18% 18% 18% 18%
120 180 240 300 360
1.65M 4.53M 11.5M 28.7M 70.6M
10000 10000 10000 10000 10000
18% 18% 18% 18% 18%
120 180 240 300 360
3.31M 9.06M 23.1M 57.4M 141.1M
This is the secret to BUILDING WEALTH..Disciplined approach to investing! PAY YOURSELF FIRST every month when you receive your paycheck...Invest..invest..invest... into MUTUAL FUNDS and STOCKS...
Maximize your IMG membership..You are already your own broker/dealer. Continue to educate yourself and apply it through our product providers. Get the commission and reinvest it!
If you want to know more...drop me an email or respond to this blog and will gladly be of assistance to your needs.
God bless!
How much is the return of your money in the bank??? You wont even earn more than 500Php.
Of course it's not always like this year after year..But on the average, MUTUAL FUNDS return has been between 15-18%% which is way above 12% that we use in our trainings. It comes as a surprise to a lot of people because they don't know that there are indeed a MUTUAL FUND investment vehicles giving 12% return.. mine was 30% last year and 16% for the first half!
The key though is regular, disciplined approach to investing in STOCKS and MUTUAL FUNDS to maximize the return of your money..but how can you do it if your monthly cash flow is not enough? That's where the IMG business opportunity comes in! By doing the IMG business -- which is sharing financial literacy and applying it (education plus application) -- you have the potential of earning extra income that you can invest into MUTUAL FUNDS and STOCKS!
Look how much your money will be if you invest P5000 and P10000 in MUTUAL FUNDS or STOCKS at 18% return for 10, 15, 20, 25, 30 years! It's P70M after 30 yrs for P5000 monthly investment and P141M after 30 yrs for P10000 monthly investment! You CAN DO it if you do the IMG business! Just spread JOS (Join-Own-Share)!
10Y 15Y 20Y 25Y 30Y
5000 5000 5000 5000 5000
18% 18% 18% 18% 18%
120 180 240 300 360
1.65M 4.53M 11.5M 28.7M 70.6M
10000 10000 10000 10000 10000
18% 18% 18% 18% 18%
120 180 240 300 360
3.31M 9.06M 23.1M 57.4M 141.1M
This is the secret to BUILDING WEALTH..Disciplined approach to investing! PAY YOURSELF FIRST every month when you receive your paycheck...Invest..invest..invest... into MUTUAL FUNDS and STOCKS...
Maximize your IMG membership..You are already your own broker/dealer. Continue to educate yourself and apply it through our product providers. Get the commission and reinvest it!
If you want to know more...drop me an email or respond to this blog and will gladly be of assistance to your needs.
God bless!
Thursday, July 1, 2010
Cash Flow of Rich versus Poor
Managing your Cash Flow properly will make you rich.
To make is easier to grasp what is your cash flow, you simply need to know how much is the money that comes into you ,and know also what comes out from you.
If what comes out is more than what comes in, then you are actually cash flow negative. This means trouble. You will be depleting your savings if you have any, or worse, your debts will balloon.
Our goal must be to have a positive cash flow which in turn must be invested to STOCKS and MUTUAL FUNDS which will generate more cash to add to the income.
Cash flow negative is like a pail with holes being filled up. The water that comes into the pail is the income, while the water that comes out of the holes are the expenses. If the inflow of water is less than the outflow in the holes, the pail will never be filled up, thus cash flow negative. Result... you'll never have water in pail.... you'll be poor.
Most people who are poor are like owners of the pail with holes. Instead of plugging the holes, the poor continually drills additional hole in their pail thus, creating more holes where the water will come out faster than the water that gets in. Thus, ending up poorer in the process.
On the other hand, the rich also owns the same pail of water with holes, however, instead of drilling additional holes, the rich finds another source of water to fill the pail faster.
The poor spends more money to deplete his income faster- more holes into his pail, while the rich invest more money on MUTUAL FUNDS and STOCKS to generate more money- more faucets to fill up his pail.
The poor spends money on liabilities which pulls more money from his pocket, while the rich invest more money on assets that in turn puts more money into his pocket. That is the differentiators between cash flow of rich and poor.
Which one are you?
God bless!
To make is easier to grasp what is your cash flow, you simply need to know how much is the money that comes into you ,and know also what comes out from you.
If what comes out is more than what comes in, then you are actually cash flow negative. This means trouble. You will be depleting your savings if you have any, or worse, your debts will balloon.
Our goal must be to have a positive cash flow which in turn must be invested to STOCKS and MUTUAL FUNDS which will generate more cash to add to the income.
Cash flow negative is like a pail with holes being filled up. The water that comes into the pail is the income, while the water that comes out of the holes are the expenses. If the inflow of water is less than the outflow in the holes, the pail will never be filled up, thus cash flow negative. Result... you'll never have water in pail.... you'll be poor.
Most people who are poor are like owners of the pail with holes. Instead of plugging the holes, the poor continually drills additional hole in their pail thus, creating more holes where the water will come out faster than the water that gets in. Thus, ending up poorer in the process.
On the other hand, the rich also owns the same pail of water with holes, however, instead of drilling additional holes, the rich finds another source of water to fill the pail faster.
The poor spends more money to deplete his income faster- more holes into his pail, while the rich invest more money on MUTUAL FUNDS and STOCKS to generate more money- more faucets to fill up his pail.
The poor spends money on liabilities which pulls more money from his pocket, while the rich invest more money on assets that in turn puts more money into his pocket. That is the differentiators between cash flow of rich and poor.
Which one are you?
God bless!
Monday, June 28, 2010
The X-Curve Lessons- Be Prepared Financially
X-Curve is a powerful concept that our company has brought from the USA. It's a simple yet very powerful concept that will ensure financial success if executed properly.
It simply states that while we are young we have little or no savings and that as we grow old we must follow the Law of Building Wealth. That is, we must be able to increase our wealth and have lots of money as we grow old.
Conversely, When we are young and starting to build our family, we have a very huge responsibility that as we grow old we must ensure we follow this time, the Law of Decreasing Responsibility. The only way we can reduce the responsibility is by increasing our wealth. For every peso we save and invest, is a peso reduction in our responsibility.
X-Curve clearly shows us that we can move from ACTIVE INCOME EARNER to PASSIVE INCOME EARNER if we follow the Law of Building Wealth.
The early stage of building wealth is a precarious or very insecure stage. This stage is ACTIVE INCOME earning stage. We may have the capability to earn income to support our responsibility for we are still young, but the income which is very temporary is supporting a very permanent need. Thus, this must be addressed to ensure financial success. The solution is to have instant money for the family in case the bread winner, or the one who generates the income is incapacitated or is taken by the Lord. In financial services, this is called PROTECTION, and in plain language INSURANCE.
The later stage of building wealth should be prepared for as well to achieve the PASSIVE INCOME earning stage. This is by ensuring we have correct savings and investments. Investments placed on financial instruments like MUTUAL FUNDS and STOCKS that will yield high interest rates and yet are safe. This is to ensure that we have lots of money when we grow old which can generate interest income that will fund our retirement and most especially our HEALTH CARE. This way we live on the interest of the money we have saved and invested.
In our company, we wont sell you insurance or investment instruments. What we do is teach you and make you expert on this X-Curve Lessons, that you will be compelled to do it for the love of your family and yourself.We shall also show you what investment instruments like MUTUAL FUNDS, STOCKS to get into, when to get into it. Will make you your own financial planner and broker by executing the X-Curve Lessons.
Happy X-Curving in Action!
God bless!
It simply states that while we are young we have little or no savings and that as we grow old we must follow the Law of Building Wealth. That is, we must be able to increase our wealth and have lots of money as we grow old.
Conversely, When we are young and starting to build our family, we have a very huge responsibility that as we grow old we must ensure we follow this time, the Law of Decreasing Responsibility. The only way we can reduce the responsibility is by increasing our wealth. For every peso we save and invest, is a peso reduction in our responsibility.
X-Curve clearly shows us that we can move from ACTIVE INCOME EARNER to PASSIVE INCOME EARNER if we follow the Law of Building Wealth.
The early stage of building wealth is a precarious or very insecure stage. This stage is ACTIVE INCOME earning stage. We may have the capability to earn income to support our responsibility for we are still young, but the income which is very temporary is supporting a very permanent need. Thus, this must be addressed to ensure financial success. The solution is to have instant money for the family in case the bread winner, or the one who generates the income is incapacitated or is taken by the Lord. In financial services, this is called PROTECTION, and in plain language INSURANCE.
The later stage of building wealth should be prepared for as well to achieve the PASSIVE INCOME earning stage. This is by ensuring we have correct savings and investments. Investments placed on financial instruments like MUTUAL FUNDS and STOCKS that will yield high interest rates and yet are safe. This is to ensure that we have lots of money when we grow old which can generate interest income that will fund our retirement and most especially our HEALTH CARE. This way we live on the interest of the money we have saved and invested.
In our company, we wont sell you insurance or investment instruments. What we do is teach you and make you expert on this X-Curve Lessons, that you will be compelled to do it for the love of your family and yourself.We shall also show you what investment instruments like MUTUAL FUNDS, STOCKS to get into, when to get into it. Will make you your own financial planner and broker by executing the X-Curve Lessons.
Happy X-Curving in Action!
God bless!
Tuesday, June 15, 2010
Understanding Pooled Funds by FELY SANTIAGO on Philippine Online Chronicles
Here is a simple explanation on Mutual Funds which Fely has contributed...
I started investing in pooled funds in 2008; then the market crashed! I was so scared in being a first time investor of pooled funds. But today, after two years of regularly investing, even as low as P1,000.00 each month, my rate of return stands at 30 percent. Not bad for an amateur. I wish I started this 30 years ago as soon as I started earning from employment
What are pooled funds? They are investment vehicles that offer a higher rate of return compared to bank deposits but not without risk. They are measured in terms of net asset value per unit (NAVPU) or net asset value per share (NAVPS). There are two kinds of pooled funds here in the Philippines –unit investment trust funds (UITF) and mutual fund.
UITF versus Mutual Fund
The major difference is that UITF is a bank product managed by the treasury department. Unlike in mutual fund where you buy shares, you buy investment units in UITF. Therefore you do not have shareholders right when investing in the latter.
Although UITF is a bank product, it is not covered by Philippine Deposit Insurance Corporation (PDIC). This means investors bear the risk of losing their money. Additionally, UITF is not governed by any specific law but since they are offered by the banks, they are still under Philippine banking laws regulated by the Banko Sentral ng Pilipinas (BSP).
On the other hand, mutual funds have strict regulations from Investment Company Act of the Philippines which are highly regulated by the Securities and Exchange Commission (SEC).
So what is a mutual fund? Many people still don’t understand what it is. Well, struggle no more. Mutual Fund is like a cooperative where you put your money together. It does not matter how much each member initially puts in. Some can put in minimum required amount which is P5,000.00 in most cases; and for additional investment, as low as P1,000 pesos. This money is then handled by a Fund Manager who is responsible for fund allocations. The Fund Manager chooses which stocks or bonds to invest on. However, he is limited by certain guidelines of investments as promulgated by Securities and Exchange Commission.
Mutual Funds are offered by investment companies independently registered with SEC. Therefore, when you buy a mutual fund share, you become a shareholder of that company and you acquire the rights of a regular stockholder; including right to vote and right to receive dividends, among others.
Types of Funds
Financial goals and risk appetite will determine which fund is most suitable for an individual. The more popular funds one can get into are:
Bond Fund
This fund primarily invests in government-issued securities. It's like giving your money to be used by the government with the promise that the government will pay it back with interest. In short, this is your money lend to government.
It is considered risk-free because the government has two ways of paying investors: print more money and raise revenues through tax collections. On the average, Bond Fund performs four to six percent a year.
Money market fund
Similar to bond funds, money market fund also has a conservative stance since they invest in fixed income securities. These securities mature in one year or less hence, the term money market. Money market fund performs two percent a year on the average.
Stock fund or equity fund
Equity fund primarily invests in shares of stock of listed companies. The bigger allocation of equities within the portfolio allows the fund to attain a more aggressive growth rate. Thus, this is riskier, more volatile, and can result to either higher gains or high losses. Since equity fund tracks the index, the rise and fall on a daily basis is reason for the volatility of the fund.
In 2008, Philequity Fund, one of more popular mutual funds lost 41 percent. In 2009 however, it recovered and recorded a high of 65 percent! A lot of those who knew how to invest in the mutual funds earned a lot. For the past 16 years though, Philequity Fund grew at an average of 20 percent despite the ups and downs of the market.
Balanced fund
Balanced fund invests in both bonds and equities. It combines the low-risk-low-gain of the bond fund and the high-risk-high-gain of the equity fund.
Instead of having the money allocated on the risky equity funds, or on the conservative bond funds, the money pooled together is invested by the fund manager on both giving investors the best of both funds. Balanced fund performs 12-15 percent on the average.
Today, there are a total of 42 mutual funds listed in the country. 20 of these are bond funds, nine are equity funds, eight are balanced funds while the remaining five are money market funds.
On the other hand, there are 78 UITFs listed in the country. 32 are peso bond funds, 21 are dollar bond funds, 10 are peso money market funds, five dollar money market funds, nine peso equity funds and one dollar equity fund.
Now that we know what mutual funds are, I challenge you now to transform this knowledge to action and reap the harvest later. If you invest on a fund that can earn a rate of 12 percent a year for the next 25 years at P1,000.00 pesos a month, you will be able to accumulate P1.8 million (P105,881 in present value).
Make that P5,000.00 per month and you’ll have P9.4 million after 25 years (P552,939 in present value). So who says, it’s difficult to accumulate millions? Continue investing ten years longer and you’ll accumulate P32 million (P606,064.97 in present value)! The higher the rate of return, the higher your money will grow in the long run to meet your needs for retirement, child education and cash fund.
So there you are! It does not take you much money to accumulate millions. What you just need is the financial literacy how and where to invest; and the discipline to put in small amounts on a regular basis that will soon accumulate to millions.
Now that you know what are pooled funds, don’t procrastinate. Start investing NOW!
I started investing in pooled funds in 2008; then the market crashed! I was so scared in being a first time investor of pooled funds. But today, after two years of regularly investing, even as low as P1,000.00 each month, my rate of return stands at 30 percent. Not bad for an amateur. I wish I started this 30 years ago as soon as I started earning from employment
What are pooled funds? They are investment vehicles that offer a higher rate of return compared to bank deposits but not without risk. They are measured in terms of net asset value per unit (NAVPU) or net asset value per share (NAVPS). There are two kinds of pooled funds here in the Philippines –unit investment trust funds (UITF) and mutual fund.
UITF versus Mutual Fund
The major difference is that UITF is a bank product managed by the treasury department. Unlike in mutual fund where you buy shares, you buy investment units in UITF. Therefore you do not have shareholders right when investing in the latter.
Although UITF is a bank product, it is not covered by Philippine Deposit Insurance Corporation (PDIC). This means investors bear the risk of losing their money. Additionally, UITF is not governed by any specific law but since they are offered by the banks, they are still under Philippine banking laws regulated by the Banko Sentral ng Pilipinas (BSP).
On the other hand, mutual funds have strict regulations from Investment Company Act of the Philippines which are highly regulated by the Securities and Exchange Commission (SEC).
So what is a mutual fund? Many people still don’t understand what it is. Well, struggle no more. Mutual Fund is like a cooperative where you put your money together. It does not matter how much each member initially puts in. Some can put in minimum required amount which is P5,000.00 in most cases; and for additional investment, as low as P1,000 pesos. This money is then handled by a Fund Manager who is responsible for fund allocations. The Fund Manager chooses which stocks or bonds to invest on. However, he is limited by certain guidelines of investments as promulgated by Securities and Exchange Commission.
Mutual Funds are offered by investment companies independently registered with SEC. Therefore, when you buy a mutual fund share, you become a shareholder of that company and you acquire the rights of a regular stockholder; including right to vote and right to receive dividends, among others.
Types of Funds
Financial goals and risk appetite will determine which fund is most suitable for an individual. The more popular funds one can get into are:
Bond Fund
This fund primarily invests in government-issued securities. It's like giving your money to be used by the government with the promise that the government will pay it back with interest. In short, this is your money lend to government.
It is considered risk-free because the government has two ways of paying investors: print more money and raise revenues through tax collections. On the average, Bond Fund performs four to six percent a year.
Money market fund
Similar to bond funds, money market fund also has a conservative stance since they invest in fixed income securities. These securities mature in one year or less hence, the term money market. Money market fund performs two percent a year on the average.
Stock fund or equity fund
Equity fund primarily invests in shares of stock of listed companies. The bigger allocation of equities within the portfolio allows the fund to attain a more aggressive growth rate. Thus, this is riskier, more volatile, and can result to either higher gains or high losses. Since equity fund tracks the index, the rise and fall on a daily basis is reason for the volatility of the fund.
In 2008, Philequity Fund, one of more popular mutual funds lost 41 percent. In 2009 however, it recovered and recorded a high of 65 percent! A lot of those who knew how to invest in the mutual funds earned a lot. For the past 16 years though, Philequity Fund grew at an average of 20 percent despite the ups and downs of the market.
Balanced fund
Balanced fund invests in both bonds and equities. It combines the low-risk-low-gain of the bond fund and the high-risk-high-gain of the equity fund.
Instead of having the money allocated on the risky equity funds, or on the conservative bond funds, the money pooled together is invested by the fund manager on both giving investors the best of both funds. Balanced fund performs 12-15 percent on the average.
Today, there are a total of 42 mutual funds listed in the country. 20 of these are bond funds, nine are equity funds, eight are balanced funds while the remaining five are money market funds.
On the other hand, there are 78 UITFs listed in the country. 32 are peso bond funds, 21 are dollar bond funds, 10 are peso money market funds, five dollar money market funds, nine peso equity funds and one dollar equity fund.
Now that we know what mutual funds are, I challenge you now to transform this knowledge to action and reap the harvest later. If you invest on a fund that can earn a rate of 12 percent a year for the next 25 years at P1,000.00 pesos a month, you will be able to accumulate P1.8 million (P105,881 in present value).
Make that P5,000.00 per month and you’ll have P9.4 million after 25 years (P552,939 in present value). So who says, it’s difficult to accumulate millions? Continue investing ten years longer and you’ll accumulate P32 million (P606,064.97 in present value)! The higher the rate of return, the higher your money will grow in the long run to meet your needs for retirement, child education and cash fund.
So there you are! It does not take you much money to accumulate millions. What you just need is the financial literacy how and where to invest; and the discipline to put in small amounts on a regular basis that will soon accumulate to millions.
Now that you know what are pooled funds, don’t procrastinate. Start investing NOW!
Wealth Academy Training Schedules all Over Philippines
UPDATED: JUNE 15, 2010
.
Iligan City
June 19 - Saturday, 1 pm
Series 1: Money Management Strategies
by Jerecho Placido, Associate Financial Planner
IMG-Wealth Academy Iligan Office
2nd Floor Preface Building (2nd floor of Aruma and Back of Po Video)
Burgos cor de Leon St.
Iligan City
.
Cagayan de Oro
June 18 - Friday, 6 pm
Series 1: Money Management Strategies
by Jerecho Placido, Associate Financial Planner
IMG-Wealth Academy Cagayan de Oro Office
Door 2, Ground Floor, Malayan Building
Velez St.
Cagayan de Oro City
.
Puerto Princesa, Palawan
June 15 - Tuesday, 5:30 pm
Series 1: Money Management Strategies
June 16 - Wednesday, 5:30 pm
Series 2: Finance and Investment 101
June 17 - Thursday, 5:30 pm
Series 3: Creating Multiple Streams of Passive Income
June 19 - Saturday
Series 1: Money Management Strategies at 10:00am
Series 2: Investment and Finance 101 at 2:00pm
Series 3: Creating Multiple Streams of Passive Income at 4:00pm
Unit E One Wescom Plaza,Wescom Road,
Puerto Princesa City 5300
Davao City
June 16 – Wednesday
Series 1: Money Management Strategies
June 19 – Saturday
Series 1: Money Management Strategies
5th Floor, Landco Building,
Bajada
Davao City
IloIlo City
June 19 and 20 – Saturday and Sunday
Series 1: Money Management Strategies @ 9:30 am
Series 2: Finance and Investment 101 @ 1:30 pm
Series 3: Creating Multiple Streams of Passive Income @ 3:00 pm
IMG-ILOILO WEALTH MANAGEMENT ACADEMY
Room 4, 3rd flr., No. 144 Iloilo Asian Lumber Bldg.
M.H. Del Pilar St., Molo, Iloilo City
5000 Philippines
Cebu City
June 15 - Tuesday, 7:00 pm
Series 1: Money Management Strategies by Michael
Series 2: Finance and Investment 101 by MD Jun Seratu
Series 3: Creating Multiple Streams of Passive Income by CEO Noel Arandilla, RFP
6th Floor, FGU Ayala Center
Cebu Business Park
Cebu City
Makati City
.June 16 – Wednesday at 7pm
Series 1: Money Management Strategies
Series 2: Finance and Investment 101
RSA Mutual Fund Training
.
June 19 – Saturday at 7pm
Series 4: Upstart School @ 1:30 pm
General Training @ 2:00 pm
Series 1: Money Management Strategies @ 2:00 pm by CEO Noel Arandilla, RFP
Series 2: Finance and Investment 101 @ 5:30 pm
Series 3: Creating Multiple Streams of Passive Income @ 5:30 pm
IMG-Wealth Academy Makati, Corporate Headquarters
3rd Floor King’s Court 1 Building
Dela Rosa cor Pasong Tamo
Makati City
.
Iligan City
June 19 - Saturday, 1 pm
Series 1: Money Management Strategies
by Jerecho Placido, Associate Financial Planner
IMG-Wealth Academy Iligan Office
2nd Floor Preface Building (2nd floor of Aruma and Back of Po Video)
Burgos cor de Leon St.
Iligan City
.
Cagayan de Oro
June 18 - Friday, 6 pm
Series 1: Money Management Strategies
by Jerecho Placido, Associate Financial Planner
IMG-Wealth Academy Cagayan de Oro Office
Door 2, Ground Floor, Malayan Building
Velez St.
Cagayan de Oro City
.
Puerto Princesa, Palawan
June 15 - Tuesday, 5:30 pm
Series 1: Money Management Strategies
June 16 - Wednesday, 5:30 pm
Series 2: Finance and Investment 101
June 17 - Thursday, 5:30 pm
Series 3: Creating Multiple Streams of Passive Income
June 19 - Saturday
Series 1: Money Management Strategies at 10:00am
Series 2: Investment and Finance 101 at 2:00pm
Series 3: Creating Multiple Streams of Passive Income at 4:00pm
Unit E One Wescom Plaza,Wescom Road,
Puerto Princesa City 5300
Davao City
June 16 – Wednesday
Series 1: Money Management Strategies
June 19 – Saturday
Series 1: Money Management Strategies
5th Floor, Landco Building,
Bajada
Davao City
IloIlo City
June 19 and 20 – Saturday and Sunday
Series 1: Money Management Strategies @ 9:30 am
Series 2: Finance and Investment 101 @ 1:30 pm
Series 3: Creating Multiple Streams of Passive Income @ 3:00 pm
IMG-ILOILO WEALTH MANAGEMENT ACADEMY
Room 4, 3rd flr., No. 144 Iloilo Asian Lumber Bldg.
M.H. Del Pilar St., Molo, Iloilo City
5000 Philippines
Cebu City
June 15 - Tuesday, 7:00 pm
Series 1: Money Management Strategies by Michael
Series 2: Finance and Investment 101 by MD Jun Seratu
Series 3: Creating Multiple Streams of Passive Income by CEO Noel Arandilla, RFP
6th Floor, FGU Ayala Center
Cebu Business Park
Cebu City
Makati City
.June 16 – Wednesday at 7pm
Series 1: Money Management Strategies
Series 2: Finance and Investment 101
RSA Mutual Fund Training
.
June 19 – Saturday at 7pm
Series 4: Upstart School @ 1:30 pm
General Training @ 2:00 pm
Series 1: Money Management Strategies @ 2:00 pm by CEO Noel Arandilla, RFP
Series 2: Finance and Investment 101 @ 5:30 pm
Series 3: Creating Multiple Streams of Passive Income @ 5:30 pm
IMG-Wealth Academy Makati, Corporate Headquarters
3rd Floor King’s Court 1 Building
Dela Rosa cor Pasong Tamo
Makati City
Sunday, June 13, 2010
Be debt free Saturday, 12 June 2010 05:32 PM Fely Santiago on Philippine Online Chronicle
This is an article of Fely on Philippine Online Chronicle....
When I say, get rid of debt, I mean bad debt because there are two kinds of debt: good debt and bad debt. Bad debts are debts that increase your liabilities like a purchase of appliances on installment using credit card or a car loan. Good Debts are debts that increase your assets like borrowing money from the bank to fund your business, or taking advantage of a bullish stock market through a margin loan. The focus of this article will be more of getting rid of bad debts.
If there is any school that would grant us PhD in Debt Management, I think I would qualify and even get an award for it. Thus, I assure you, I know what I am talking about when I say getting out of the debt trap can be done.
You see, my spouse and I were really earning well with salary of six figures each. However, we were really not keen in managing our finances because of low financial IQ. Because of our big monthly income we just thought it was okay to have debts because we can pay for it. Wrong! We only realized much later that our debts and loans from our many credit cards and different loaning facilities ballooned to more than seven figures. Name it, we have it: SSS loan, PAG-IBIG loan, coop loan, emergency loan, personal loan, housing loan, car loan, multi-purpose loan, and even the pawnshop. The power of compounding interest was working against us. Instead of growing our money, we were losing a lot of money to these debts. We would borrow money just to pay off another loan. That went on and on until we realized that the monthly income is about to stop! Where will we get the money to pay our debts?
Now, did I get your attention?
This problem of living on borrowed money or debts affects so many millions of lives or perhaps billions worldwide. According to a Banko Sentral ng Pilipinas (BSP) media release, credit card receivables stand at P130.7 billion in first quarter of 2010. I am sure you, who is reading this article right now has some contributions to this enormous debt plaguing our society.
Mind you, this is not isolated to the low-income bracket or the middle class. This engulfs even those in the higher income bracket of our country. My relatives abroad are not spared from this. I am sure you do hear the same stories from your relatives abroad. There are also reports that many Filipinos in Dubai were put in jail in view of debts they cannot repay. In America, many are facing foreclosure and filing bankruptcies since they can no longer pay off their monthly housing amortization.
Loans and debts make people do things that lead them to more problems. Instead of finding a solution, they create more problems because they don’t know how. Worry not. There is a solution to these perennial issues on debt management. It just requires an education, a plan and a lot of discipline.
In our case we were really just fortunate that before we got into deep, deep trouble because of our debts, we got ourselves financially educated. We got a financial wake-up call when we attended the seminar of Bo Sanchez’ “How to Be Truly Rich” and “Truly Rich Financial Coaching”. So we search out for more and attended other wealth-management seminars thereafter. With the knowledge acquired and applying what we learned we got better equipped to handle the problem we were on.
So here they are, I am sharing the steps I took to get rid of the grip of debt!
Steps To Get Rid Of Debts
The first step is to stop borrowing NOW! Make that difficult decision not to spend on borrowed money. Kick off the habit of impulse buying especially using your credit card. Cut your credit cards immediately if you are drowning in credit card debts. Don’t spend money that you will still earn in the future because that money may never come! Create a budget so you spend only on what you need and within your budget.
Second step is to define a strategy to pay off your debts. List all the existing loans you have and line it up with the amounts and interest the loans has. For example:
1. Credit Card - P100,000 - 3.5 percent per month
2. Housing Loan – P600,000 – one percent per month
3. Coop Loan – P150,000- 0.75 percent per month
Come up with the deadline to pay off these loans prioritizing payments to the one with the highest interest. Then talk to your creditors and tell them about your plans and negotiate for a better payment scheme with the least interest, penalties or finance charges.
You may also look at balance transfer scheme offered by some banks if they can give you the least interest payments. If you can borrow money from a relative or a friend without interest, much better but promise to pay them.
Also plan to pay more than what the required minimum payment is. If you receive extra money from bonuses or windfall, use it to pay off your debts. The earlier you pay your debts off, the better.
Third Step is to increase cash flow. Reduce your expenses. Make a list of all your expenses and find out where you can reduce or eliminate. Live below your means. Simplify your life. Don’t go for that latest gadget or latest bags or shoes. Liquidate all none performing assets. Sell things in your cabinets, garage, or living room that you do not need and turn them to cash to pay off your debts.
Find a way to have alternative source of income to increase your cash flow. Use your spare time to earn additional income. There are a lot of companies that offer you this opportunity. Or turn your skills or hobbies into income-generating business. By increasing your cash flow, you are on your way to pay off debts faster.
Fourth step is to create emergency fund so you don’t have to borrow money again. Set aside three to six months your monthly income for emergency needs like minor illness, loss of job, and other unexpected spending. If you are forced to borrow money again because of emergency, then getting rid of debts becomes difficult again. So start building small amounts of money for your emergency fund and make sure you use it only for “emergencies”.
Lastly, as you execute this plan, make sure you keep yourself in the company of people with the same desire and discipline. Don’t go with people who are “spenders”. Go with people who are “savers” and “investors” so you yourself can start building your wealth and be totally freed from the bondage of “borrowing”.
Take it from me because by doing these simple steps I can proudly say “I DID IT!”
When I say, get rid of debt, I mean bad debt because there are two kinds of debt: good debt and bad debt. Bad debts are debts that increase your liabilities like a purchase of appliances on installment using credit card or a car loan. Good Debts are debts that increase your assets like borrowing money from the bank to fund your business, or taking advantage of a bullish stock market through a margin loan. The focus of this article will be more of getting rid of bad debts.
If there is any school that would grant us PhD in Debt Management, I think I would qualify and even get an award for it. Thus, I assure you, I know what I am talking about when I say getting out of the debt trap can be done.
You see, my spouse and I were really earning well with salary of six figures each. However, we were really not keen in managing our finances because of low financial IQ. Because of our big monthly income we just thought it was okay to have debts because we can pay for it. Wrong! We only realized much later that our debts and loans from our many credit cards and different loaning facilities ballooned to more than seven figures. Name it, we have it: SSS loan, PAG-IBIG loan, coop loan, emergency loan, personal loan, housing loan, car loan, multi-purpose loan, and even the pawnshop. The power of compounding interest was working against us. Instead of growing our money, we were losing a lot of money to these debts. We would borrow money just to pay off another loan. That went on and on until we realized that the monthly income is about to stop! Where will we get the money to pay our debts?
Now, did I get your attention?
This problem of living on borrowed money or debts affects so many millions of lives or perhaps billions worldwide. According to a Banko Sentral ng Pilipinas (BSP) media release, credit card receivables stand at P130.7 billion in first quarter of 2010. I am sure you, who is reading this article right now has some contributions to this enormous debt plaguing our society.
Mind you, this is not isolated to the low-income bracket or the middle class. This engulfs even those in the higher income bracket of our country. My relatives abroad are not spared from this. I am sure you do hear the same stories from your relatives abroad. There are also reports that many Filipinos in Dubai were put in jail in view of debts they cannot repay. In America, many are facing foreclosure and filing bankruptcies since they can no longer pay off their monthly housing amortization.
Loans and debts make people do things that lead them to more problems. Instead of finding a solution, they create more problems because they don’t know how. Worry not. There is a solution to these perennial issues on debt management. It just requires an education, a plan and a lot of discipline.
In our case we were really just fortunate that before we got into deep, deep trouble because of our debts, we got ourselves financially educated. We got a financial wake-up call when we attended the seminar of Bo Sanchez’ “How to Be Truly Rich” and “Truly Rich Financial Coaching”. So we search out for more and attended other wealth-management seminars thereafter. With the knowledge acquired and applying what we learned we got better equipped to handle the problem we were on.
So here they are, I am sharing the steps I took to get rid of the grip of debt!
Steps To Get Rid Of Debts
The first step is to stop borrowing NOW! Make that difficult decision not to spend on borrowed money. Kick off the habit of impulse buying especially using your credit card. Cut your credit cards immediately if you are drowning in credit card debts. Don’t spend money that you will still earn in the future because that money may never come! Create a budget so you spend only on what you need and within your budget.
Second step is to define a strategy to pay off your debts. List all the existing loans you have and line it up with the amounts and interest the loans has. For example:
1. Credit Card - P100,000 - 3.5 percent per month
2. Housing Loan – P600,000 – one percent per month
3. Coop Loan – P150,000- 0.75 percent per month
Come up with the deadline to pay off these loans prioritizing payments to the one with the highest interest. Then talk to your creditors and tell them about your plans and negotiate for a better payment scheme with the least interest, penalties or finance charges.
You may also look at balance transfer scheme offered by some banks if they can give you the least interest payments. If you can borrow money from a relative or a friend without interest, much better but promise to pay them.
Also plan to pay more than what the required minimum payment is. If you receive extra money from bonuses or windfall, use it to pay off your debts. The earlier you pay your debts off, the better.
Third Step is to increase cash flow. Reduce your expenses. Make a list of all your expenses and find out where you can reduce or eliminate. Live below your means. Simplify your life. Don’t go for that latest gadget or latest bags or shoes. Liquidate all none performing assets. Sell things in your cabinets, garage, or living room that you do not need and turn them to cash to pay off your debts.
Find a way to have alternative source of income to increase your cash flow. Use your spare time to earn additional income. There are a lot of companies that offer you this opportunity. Or turn your skills or hobbies into income-generating business. By increasing your cash flow, you are on your way to pay off debts faster.
Fourth step is to create emergency fund so you don’t have to borrow money again. Set aside three to six months your monthly income for emergency needs like minor illness, loss of job, and other unexpected spending. If you are forced to borrow money again because of emergency, then getting rid of debts becomes difficult again. So start building small amounts of money for your emergency fund and make sure you use it only for “emergencies”.
Lastly, as you execute this plan, make sure you keep yourself in the company of people with the same desire and discipline. Don’t go with people who are “spenders”. Go with people who are “savers” and “investors” so you yourself can start building your wealth and be totally freed from the bondage of “borrowing”.
Take it from me because by doing these simple steps I can proudly say “I DID IT!”
Wednesday, June 9, 2010
New President...New Hope? We'll be Rich!
Yeheey...we have a new, duly elected, and I sincerely believe to be an anointed President! Finally, poverty and corruption can be eliminated. Pot holes will soon be paved, bridges to be built, more jobs will be created, more investments will come, more tourists will visit the land, prosperity , and morality will reign over our nation. Finally, I will be rich!
I hope and pray for these to indeed happen and I know President Elect Noynoy will be true to his promises. But I am sure these happen won't unless each one of us contribute our own small ways. More so, we cannot be rich simply because a new President has been sworn in. I know that is too simplistic and even borderline lunacy. Being rich is not tied up to who is in power in Malacanang. It is incumbent upon each one of us. It is within our powers.
All we need are: Financial Literacy- how to manage our finances , how to save and invest properly, and Discipline- to do what we must do to secure our family and our future... Not a new President. Got my point?
Let's continue to pray for our country, for one another , for our leaders, specially our New President, and couple this with firm resolve and action to contribute our own small way and be Truly Rich.
God bless!
I hope and pray for these to indeed happen and I know President Elect Noynoy will be true to his promises. But I am sure these happen won't unless each one of us contribute our own small ways. More so, we cannot be rich simply because a new President has been sworn in. I know that is too simplistic and even borderline lunacy. Being rich is not tied up to who is in power in Malacanang. It is incumbent upon each one of us. It is within our powers.
All we need are: Financial Literacy- how to manage our finances , how to save and invest properly, and Discipline- to do what we must do to secure our family and our future... Not a new President. Got my point?
Let's continue to pray for our country, for one another , for our leaders, specially our New President, and couple this with firm resolve and action to contribute our own small way and be Truly Rich.
God bless!
Sunday, June 6, 2010
Independence Day!
June 12, 1898 brave Filipino patriots led by then Gen. Emilio Aguinaldo declared our country's sovereignty from the Spanish rule. But did we really become absolutely independent?
This will surely spark controversies and debates. Right? How is this related to being truly rich? Well, there is no direct connection. Being truly rich is of different kind of independence. Independence from financial worries, from debts and loans obligations, from stress of working for the money, and from stress of keeping up with responsibilities.
I know the feelings and effects of being trapped on a financial rut hole for I've been there and is still witnessing same scenario with many other people whom I love, and those whom I just met for the first time.
Some case really literally trapping them inside a jail depriving them of liberty. And worst, they are in a foreign land. Some people lost their homes as the banks foreclosed their properties as they default on their payments. And still some about to lose their homes in a matter of weeks for the same reason. And greatly affecting also their family as it resulted to separation.
I really thank God, we learned how to manage our finances , even if I consider it late, and is able to be financially free.
It is an intricate yet simple process that is founded on Financial Literacy - How to save and invest properly, and on Discipline- to do what we must for our future.
If you want to learn the step by step to Financial Independence, read through my earlier blogs, it will tell you the details.
Happy reading.
Happy Independence Day!
God bless!
This will surely spark controversies and debates. Right? How is this related to being truly rich? Well, there is no direct connection. Being truly rich is of different kind of independence. Independence from financial worries, from debts and loans obligations, from stress of working for the money, and from stress of keeping up with responsibilities.
I know the feelings and effects of being trapped on a financial rut hole for I've been there and is still witnessing same scenario with many other people whom I love, and those whom I just met for the first time.
Some case really literally trapping them inside a jail depriving them of liberty. And worst, they are in a foreign land. Some people lost their homes as the banks foreclosed their properties as they default on their payments. And still some about to lose their homes in a matter of weeks for the same reason. And greatly affecting also their family as it resulted to separation.
I really thank God, we learned how to manage our finances , even if I consider it late, and is able to be financially free.
It is an intricate yet simple process that is founded on Financial Literacy - How to save and invest properly, and on Discipline- to do what we must for our future.
If you want to learn the step by step to Financial Independence, read through my earlier blogs, it will tell you the details.
Happy reading.
Happy Independence Day!
God bless!
Thursday, June 3, 2010
June Wedding.... Then What's Next?
June is the "marriagest" month of the year. Yes I invented that word. Kim "Matang Lawin" gave a very good trivia about why June is month for wedding.
First, it is because June is generally the start of cool , but comfortable weather all over the world. Those on the temperate zones experience cooler respite from the summer heat as the rains usually starts to pour by this period. For those in the part of the world that experiences winter, this time of the year is spring and is the nicest weather.
Second, June is taken from the Greek Goddess Juno, the counterpart of Venus- Goddess of Love. So it is a pagan tradition to have tying of the knots in this love month....not February...
So much of Greek mythology.
What does it have to do with being Wealthy? Oh, I tell you there is so much connection as weddings are actually the starting point of a marriage. And marriage is the beginning of family life, the starting point of increasing responsibilities, and if not properly prepared for, weddings becomes the beginning of the end of marriage due to financial issues, and thus crashing the hope of being wealthy.
Weddings entail a lot of preparations and planning, and inevitably a lot of money outflows. Thus, this is where the biggest pressure of couple comes in. I have heard so many stories of couples preparing so much for the wedding day itself, and after the wedding finding themselves in deep financial trouble, and in view of this, the marriage suffers, and eventually leads to a disastrous separation.
When Fely and I were engaged and planned our wedding, we have only both of us to rely on. Thus, we carefully studied our finances and carried out our wedding celebration to how much we can afford. Thus the wedding did not end up as a financial trap for both of us.
This is what couples must look at before they jump into their wedding. They must look beyond the wedding celebration for there is this married life they need to look forward to. Financial planning for weddings should not be myopic. It must extend beyond the wedding ceremonies. Plans should include the eventual additions to the family, a new home,and many other needs and responsibilities.
I know the pressures of planning for the wedding for I've gone through it. Adding plans for what is in store after the wedding is equally important and challenging. But believe me, if you want to start right your married life right after the wedding, plan for it.
Don't let your June wedding or whatever month you plan to wed end up in separation due to financial issues. Plan ahead for what comes next after the wedding...
God bless!
First, it is because June is generally the start of cool , but comfortable weather all over the world. Those on the temperate zones experience cooler respite from the summer heat as the rains usually starts to pour by this period. For those in the part of the world that experiences winter, this time of the year is spring and is the nicest weather.
Second, June is taken from the Greek Goddess Juno, the counterpart of Venus- Goddess of Love. So it is a pagan tradition to have tying of the knots in this love month....not February...
So much of Greek mythology.
What does it have to do with being Wealthy? Oh, I tell you there is so much connection as weddings are actually the starting point of a marriage. And marriage is the beginning of family life, the starting point of increasing responsibilities, and if not properly prepared for, weddings becomes the beginning of the end of marriage due to financial issues, and thus crashing the hope of being wealthy.
Weddings entail a lot of preparations and planning, and inevitably a lot of money outflows. Thus, this is where the biggest pressure of couple comes in. I have heard so many stories of couples preparing so much for the wedding day itself, and after the wedding finding themselves in deep financial trouble, and in view of this, the marriage suffers, and eventually leads to a disastrous separation.
When Fely and I were engaged and planned our wedding, we have only both of us to rely on. Thus, we carefully studied our finances and carried out our wedding celebration to how much we can afford. Thus the wedding did not end up as a financial trap for both of us.
This is what couples must look at before they jump into their wedding. They must look beyond the wedding celebration for there is this married life they need to look forward to. Financial planning for weddings should not be myopic. It must extend beyond the wedding ceremonies. Plans should include the eventual additions to the family, a new home,and many other needs and responsibilities.
I know the pressures of planning for the wedding for I've gone through it. Adding plans for what is in store after the wedding is equally important and challenging. But believe me, if you want to start right your married life right after the wedding, plan for it.
Don't let your June wedding or whatever month you plan to wed end up in separation due to financial issues. Plan ahead for what comes next after the wedding...
God bless!
Tuesday, June 1, 2010
No Small Living....Think Big for your Future
Most common issue I encounter with people who do not prepare for their future, and resist to take steps to ensure they leave something to their family is simply lack of foresight, hope, and dreams.
And you know what, it affects all kinds of people from different levels of earning capability and age. Some will say they don't even have enough to survive or subsists in their daily existence. Some will say, "I'm giving them good education and that's enough, they must take care of themselves, and as for me, let the future take care of itself".
I can predict a disastrous future for them. Hopefully, they were awakened and do something to change their mindsets before it's really too late. It' will be difficult to change people's mindset, but we need to give them information to make them change from within.
But, the good news is that, many young people are beginning to realize early in life the right way. Students, young professionals in their early twenties already think about their future including their retirement which is not common years back. That's a good sign. So many are now dreaming and thinking big for their future.
So how do we Dream Big and Think Big? What is the foundation of this? It's all about love. Yes, LOVE. If we love our family, we will ensure they have something to live on with. If we love ourselves, we will ensure that we will have a comfortable old age. Our guide on this preparation for our future is found on Book of Proverbs: 13:22" A good man will have wealth to leave to his grandchildren..." and in another version: " A wise man leaves inheritance to his children's children..."
Being good and being wise requires the right knowledge. A good guide to make sure we have something is found on the story of Joseph in Genesis: 41:1-36. We really have to ensure we keep 1/5 of our harvest for our future. As to where you will put your 1/5, you've go to learn the how to properly and safely invest.
Be good and wise! Dream big for your future!
God bless!
For your investing guides...just email us or send your response to this blogspot....
And you know what, it affects all kinds of people from different levels of earning capability and age. Some will say they don't even have enough to survive or subsists in their daily existence. Some will say, "I'm giving them good education and that's enough, they must take care of themselves, and as for me, let the future take care of itself".
I can predict a disastrous future for them. Hopefully, they were awakened and do something to change their mindsets before it's really too late. It' will be difficult to change people's mindset, but we need to give them information to make them change from within.
But, the good news is that, many young people are beginning to realize early in life the right way. Students, young professionals in their early twenties already think about their future including their retirement which is not common years back. That's a good sign. So many are now dreaming and thinking big for their future.
So how do we Dream Big and Think Big? What is the foundation of this? It's all about love. Yes, LOVE. If we love our family, we will ensure they have something to live on with. If we love ourselves, we will ensure that we will have a comfortable old age. Our guide on this preparation for our future is found on Book of Proverbs: 13:22" A good man will have wealth to leave to his grandchildren..." and in another version: " A wise man leaves inheritance to his children's children..."
Being good and being wise requires the right knowledge. A good guide to make sure we have something is found on the story of Joseph in Genesis: 41:1-36. We really have to ensure we keep 1/5 of our harvest for our future. As to where you will put your 1/5, you've go to learn the how to properly and safely invest.
Be good and wise! Dream big for your future!
God bless!
For your investing guides...just email us or send your response to this blogspot....
Wednesday, May 19, 2010
Mutual Funds Simplified
Hi Bro and Sis! Do you have investments on MF? What MF? Mutual Funds... What is it? Encountered that discussion? Explain it technically and further confusing the matter?
Well, struggle no more... MF is so simple and made so accessible nowadays. Mutual Funds is like a cooperative where you put your money together. It does not matter how much each of the member initially put in. Some can put in minimum required amount which in most cases is just 5000 Php initially, and for additional investment is only 1000 Php. This money is then handled by a Fund Manager who is responsible to allocate the funds. You can liken the Fund Manager to your mom who is doing the groceries and, the investors to the family members who shells out their share.
When your mom goes to the supermarket, she is responsible to pick up all the stuff you need. She decides how much of each item to get. Similarly, the Fund Manager chooses what stocks to invest on. However, he is limited by certain guidelines of investments as promulgated by Securities and Exchange Commission. We will tackle this separately to make it simpler this time. These guidelines, much like that of a family’s household need, depend on what your financial needs are. If you are investing for a long term need or short term. It also depends on your risk handling capability. You want a high risk or a low to no risk?
Okay, are you still with me? Term of investment and risk capabilities define what kind of Mutual Fund is suitable for you.
There are three kinds of Mutual Fund you can get into. First is the Bond Funds. These are primarily government issued securities. It's like giving your money to be used by the government with a promise that the government will pay it back with interest. In short, this is your money lend to government. This kind of Mutual Fund is the lowest risk but is also with the lowest rate of return. It is definitely a low to no risk for you can rest assure that your money will get paid. You know why? Because the government has 2 sure ways to ensure you are get paid. 1. They can print new and more money to pay off debts, and 2. They can raise revenues by collecting more tax to pay off what they owe. This Bond Funds has a performance of about 5% per annum on the average.
The second type is that of Equity Funds. Equities are shares of stocks of a company. Thus, this is more risky, more volatile, and can result to higher gains or high losses. But, generally, the trend has been on the rise. In the last 20 years, Equity Funds had been performing very well above 12%. In fact last year, Philequity Funds performed at a record high of 64.9% and a lot of those who knew how to invest in the mutual funds earned a lot. Equity Funds are like buying an item in the market and holding it, or hoarding it , if you wish, hoping that some time later, in view of demand and supply, the cost of this item will go up. You see the similarity of the rise in price of “galunggong” (local fish) and that of the stocks? Well, while you cannot hold for long periods the groceries or stuff you buy from real market, equities stocks on the other hand can be held for as long as you want.
The third and last kind of Mutual Fund available to us is the Balanced Funds. This is simply a combination of the Bond Funds and the Equity Funds. It combines the low-risk-low-gain of a bond fund and the high-risk-high-gain of equity funds. This type of Mutual Fund is performing in the 7-10% range. So instead of having the money allocated on high risk equities, or just on the more conservative bond funds, the money that is pooled together is invested by the fund manager on combination of both.
In all three cases, there are government regulations that the fund manager has to follow. And in all cases, our money that is pooled together is not handled by the Fund Manager but goes directly to a bank that will hold the money.
There is no guaranteed rate of returns for each type, but the performance in the last 15 years is holding on to the average mentioned above.
Now that we know what MF is, I challenge you now to transform this knowledge to action and reap the harvest later. If you invest on a Mutual Fund that can earn a rate of return of 12% for 25 years at 1000 Php per month, you will be able to accumulate 1.686M Php. Make that 5K Php per month and you’ll have 8.43 M Php. So who says, it’s difficult to accumulate millions? Continue to invest 5K per month on Equity Funds which can yield 12% rate of return for 35 years and you’ll accumulate 27.3M Php!
So there you are Bro and Sis. It does not take you much to accumulate millions. What you just need is the literacy of where to invest and the continuing discipline to put in small amounts that will soon accumulate to millions.
If you need further education and information, read books especially those of Bro Bo (8 Secrets of the Truly Rich, and Choose to be Wealthy), check out the www. icap.com.ph . Better yet, send me your email so I can guide you one on one.
Happy Investing!
Well, struggle no more... MF is so simple and made so accessible nowadays. Mutual Funds is like a cooperative where you put your money together. It does not matter how much each of the member initially put in. Some can put in minimum required amount which in most cases is just 5000 Php initially, and for additional investment is only 1000 Php. This money is then handled by a Fund Manager who is responsible to allocate the funds. You can liken the Fund Manager to your mom who is doing the groceries and, the investors to the family members who shells out their share.
When your mom goes to the supermarket, she is responsible to pick up all the stuff you need. She decides how much of each item to get. Similarly, the Fund Manager chooses what stocks to invest on. However, he is limited by certain guidelines of investments as promulgated by Securities and Exchange Commission. We will tackle this separately to make it simpler this time. These guidelines, much like that of a family’s household need, depend on what your financial needs are. If you are investing for a long term need or short term. It also depends on your risk handling capability. You want a high risk or a low to no risk?
Okay, are you still with me? Term of investment and risk capabilities define what kind of Mutual Fund is suitable for you.
There are three kinds of Mutual Fund you can get into. First is the Bond Funds. These are primarily government issued securities. It's like giving your money to be used by the government with a promise that the government will pay it back with interest. In short, this is your money lend to government. This kind of Mutual Fund is the lowest risk but is also with the lowest rate of return. It is definitely a low to no risk for you can rest assure that your money will get paid. You know why? Because the government has 2 sure ways to ensure you are get paid. 1. They can print new and more money to pay off debts, and 2. They can raise revenues by collecting more tax to pay off what they owe. This Bond Funds has a performance of about 5% per annum on the average.
The second type is that of Equity Funds. Equities are shares of stocks of a company. Thus, this is more risky, more volatile, and can result to higher gains or high losses. But, generally, the trend has been on the rise. In the last 20 years, Equity Funds had been performing very well above 12%. In fact last year, Philequity Funds performed at a record high of 64.9% and a lot of those who knew how to invest in the mutual funds earned a lot. Equity Funds are like buying an item in the market and holding it, or hoarding it , if you wish, hoping that some time later, in view of demand and supply, the cost of this item will go up. You see the similarity of the rise in price of “galunggong” (local fish) and that of the stocks? Well, while you cannot hold for long periods the groceries or stuff you buy from real market, equities stocks on the other hand can be held for as long as you want.
The third and last kind of Mutual Fund available to us is the Balanced Funds. This is simply a combination of the Bond Funds and the Equity Funds. It combines the low-risk-low-gain of a bond fund and the high-risk-high-gain of equity funds. This type of Mutual Fund is performing in the 7-10% range. So instead of having the money allocated on high risk equities, or just on the more conservative bond funds, the money that is pooled together is invested by the fund manager on combination of both.
In all three cases, there are government regulations that the fund manager has to follow. And in all cases, our money that is pooled together is not handled by the Fund Manager but goes directly to a bank that will hold the money.
There is no guaranteed rate of returns for each type, but the performance in the last 15 years is holding on to the average mentioned above.
Now that we know what MF is, I challenge you now to transform this knowledge to action and reap the harvest later. If you invest on a Mutual Fund that can earn a rate of return of 12% for 25 years at 1000 Php per month, you will be able to accumulate 1.686M Php. Make that 5K Php per month and you’ll have 8.43 M Php. So who says, it’s difficult to accumulate millions? Continue to invest 5K per month on Equity Funds which can yield 12% rate of return for 35 years and you’ll accumulate 27.3M Php!
So there you are Bro and Sis. It does not take you much to accumulate millions. What you just need is the literacy of where to invest and the continuing discipline to put in small amounts that will soon accumulate to millions.
If you need further education and information, read books especially those of Bro Bo (8 Secrets of the Truly Rich, and Choose to be Wealthy), check out the www. icap.com.ph . Better yet, send me your email so I can guide you one on one.
Happy Investing!
Monday, February 22, 2010
Shocking Reality on Investing!
Last Saturday, we were in Valle Verde to assist in the Truly Rich Coaching Seminar being run by Beaconlight of Bro Bo Sanchez . In that seminar we got a shocking fact from Edward Lee;a self made Billionaire, about how poor Filipinos are in Investing Literacy!
This is the shocking revelation...in Hongkong, there are only 7M people and out that 1.5M are into investing.... that is not the shocking revelation...this is is what is really shocking....in the Philippines, as of last statistics I know, we are 90M, guess how many are into investing on this same company CitisecOnline? Only 9000 people do invest!. Total investments average turnover we have on Stocks Market per day is only 3B pesos while it is 80 Billion HK$ in Hongkong. This is truly shocking reality!
In our country, Several hundred trillion pesos are in the savings account and these are mostly remittances of OFWs and seafarers. Many millions more of employees who put themselves on the grindstones of daily work put their money on savings account not knowing that their money will double only after the next 144 years!
Indeed many of us do not know that the money we earn if properly invested can earn more money for us. Not so many know how to be financially free, without the need to work, with passive income through interest earnings from investments. Not too many know how money can work for us. Not too many trust the financial institutions.
This reality makes us more fired up to do our mission to bring sight to the blind and hearing to those are deaf as far as investing is concerned. We have a stronger resolve to help and reach out to as many people we can to teach people how they make their hard earned money work for them. That there are legitimate companies who are willing to help people achieve their financial goals.
Bro Bo is consistent and has constant drive to make people aware that being Truly Rich is a good thing and through saving and investing we can achieve it. It is our ardent prayer that we will succeed in our mission in making Filipinos be financially literate and disciplined to be investors too! We want to be proud of the Philippines as the country with most number of investors!
God be with us in this mission!
God bless!
This is the shocking revelation...in Hongkong, there are only 7M people and out that 1.5M are into investing.... that is not the shocking revelation...this is is what is really shocking....in the Philippines, as of last statistics I know, we are 90M, guess how many are into investing on this same company CitisecOnline? Only 9000 people do invest!. Total investments average turnover we have on Stocks Market per day is only 3B pesos while it is 80 Billion HK$ in Hongkong. This is truly shocking reality!
In our country, Several hundred trillion pesos are in the savings account and these are mostly remittances of OFWs and seafarers. Many millions more of employees who put themselves on the grindstones of daily work put their money on savings account not knowing that their money will double only after the next 144 years!
Indeed many of us do not know that the money we earn if properly invested can earn more money for us. Not so many know how to be financially free, without the need to work, with passive income through interest earnings from investments. Not too many know how money can work for us. Not too many trust the financial institutions.
This reality makes us more fired up to do our mission to bring sight to the blind and hearing to those are deaf as far as investing is concerned. We have a stronger resolve to help and reach out to as many people we can to teach people how they make their hard earned money work for them. That there are legitimate companies who are willing to help people achieve their financial goals.
Bro Bo is consistent and has constant drive to make people aware that being Truly Rich is a good thing and through saving and investing we can achieve it. It is our ardent prayer that we will succeed in our mission in making Filipinos be financially literate and disciplined to be investors too! We want to be proud of the Philippines as the country with most number of investors!
God be with us in this mission!
God bless!
Monday, February 1, 2010
NETWORKING...Good or Not Good!
Alive, Fern C, Vital C, Vita Plus, Amway, Forever Living, Nu Skin, and many other networking companies are thriving.
People of different background also join in. I find nothing wrong with network marketing. But certainly, I am a bit wary of the products and the schemes. The details.
Robert Kiyosaki, espouses network marketing strategies and I subscribe to the notion that it is the best marketing invention.
However, I would not consider all companies that employs this strategy is good and is really after the good of its members. How do you know that the networking company you joined is good? Here are some general guide to help you:
1. The Product: This is the core of the business. The product must really be helping people change or improve for the better. The product must have proven track record, test results on a long term. It must be a basic requirement or a replacement of an existing need.
2. Product's Lifespan: The product must have long shelf life. It is not easily expired or outmoded or surpassed by another new product.
3. Product Volume Load: The first acquisition volume of the product must approximate your use for at least a month. If it is more than what you can consume, and it is not compliant either to item 2 above, then you've got problems in inventory spoilage.
4. Product Cost: You should know the actual product cost. It must be priced same if not lower than similar products or what you can get out the shelf or from other supplier.
5. Product Consistency: The product must be consistent in it efficacy and this has something to do with its quality and how it is manufactured.
I hope you really think many times over and go through the five items above before you jump in and join!
God bless!
Wednesday, January 20, 2010
Law of Asset Accumulation vs Law of Accumulating Loving Relationships
Robert Kiyosaki's group has an on-line mini training series defining income and expenses, assets and liabilities. It's simple yet powerful when we really apply the concepts.
What we middle class folks and lower middle class always miss is the distinction between assets and liabilities. What we think as assets are actually liabilities that increases our expense rather than increase our income.
The Law of Accumulating Wealth tells us that as we progress in life, our aim is to accumulate assets. Assets which will in turn produce passive income for us.
However, many indeed commit violations on this law simply because they do not know or failed to understand.
Let me give you concrete examples:
We buy an apartment or a condo or just a parcel of lot with the idea that it is an asset without doing the math as automatically our mind tells us that properties are assets as taught in classes in schools. However, it is only if the net of buying the property and the use or renting or selling is positive that indeed what we bought is an asset. In short, if you make money from buying a property, it's an asset. However, if you buy it and there is no return to your invested money, then it is purely a liability.
Another thing a middle class buy is golf share. You pay a lump sum and every month you pay membership fee. I just had a walk to our golf club house and saw the monthly payments for members with their consumables. Minimum I saw was 2500 per month. On top of the money you initially cash out, you have this monthly expense. If this expense gives you returns by getting business from this golf share and membership, then it is an asset. If not , again it is clearly a liability. And here is the death blow: to be able to enjoy this golf share you have to spend even more...
Another one is a vacation time share. You pay large sums amounting to several hundred thousands and then pay a yearly amount for your units maintenance. If it is a local timeshare you pay in pesos but if it is international you pay in dollars not just several thousands but several tens of thousands. If you don't use it, and or rent it out then it is another wasted "investible" fund. Another form of liability which drain money from you instead of helping you accumulate assets.
These examples clearly violates the Law of Accumulating Assets. I know as I did commit all of the above three mentioned and those were hard lessons. And I had paid the price. And there are many other things out there that seemingly look like an asset but deep within is really a liability.
We have to have the knowledge, the financial literacy to know so we can avoid violating the Law of Accumulating Wealth.
My final point is this. If you feel good and is able to help others by buying liabilities rather than assets, or if you are able to give love and make your family enjoy life, it is a good price to pay as in the end what matters most in really not the money you accumulate or spend, but the relationships you had made as the Law of Accumulating Loving Relationships supercede Law of Accumulating Wealth.
More of this in my other blogs.
God bless!
What we middle class folks and lower middle class always miss is the distinction between assets and liabilities. What we think as assets are actually liabilities that increases our expense rather than increase our income.
The Law of Accumulating Wealth tells us that as we progress in life, our aim is to accumulate assets. Assets which will in turn produce passive income for us.
However, many indeed commit violations on this law simply because they do not know or failed to understand.
Let me give you concrete examples:
We buy an apartment or a condo or just a parcel of lot with the idea that it is an asset without doing the math as automatically our mind tells us that properties are assets as taught in classes in schools. However, it is only if the net of buying the property and the use or renting or selling is positive that indeed what we bought is an asset. In short, if you make money from buying a property, it's an asset. However, if you buy it and there is no return to your invested money, then it is purely a liability.
Another thing a middle class buy is golf share. You pay a lump sum and every month you pay membership fee. I just had a walk to our golf club house and saw the monthly payments for members with their consumables. Minimum I saw was 2500 per month. On top of the money you initially cash out, you have this monthly expense. If this expense gives you returns by getting business from this golf share and membership, then it is an asset. If not , again it is clearly a liability. And here is the death blow: to be able to enjoy this golf share you have to spend even more...
Another one is a vacation time share. You pay large sums amounting to several hundred thousands and then pay a yearly amount for your units maintenance. If it is a local timeshare you pay in pesos but if it is international you pay in dollars not just several thousands but several tens of thousands. If you don't use it, and or rent it out then it is another wasted "investible" fund. Another form of liability which drain money from you instead of helping you accumulate assets.
These examples clearly violates the Law of Accumulating Assets. I know as I did commit all of the above three mentioned and those were hard lessons. And I had paid the price. And there are many other things out there that seemingly look like an asset but deep within is really a liability.
We have to have the knowledge, the financial literacy to know so we can avoid violating the Law of Accumulating Wealth.
My final point is this. If you feel good and is able to help others by buying liabilities rather than assets, or if you are able to give love and make your family enjoy life, it is a good price to pay as in the end what matters most in really not the money you accumulate or spend, but the relationships you had made as the Law of Accumulating Loving Relationships supercede Law of Accumulating Wealth.
More of this in my other blogs.
God bless!
Monday, January 18, 2010
Why We Do What We Do In IMG
Dear Friends, this is a re-post of one of the Blogs of Bro Bo Sanchez, our Marketing Director in IMG.
Also mentioned in ths blog is Ms Shirley San Miguel our mentor here in Dasmarinas Cavite.
I encourage more people to join our IMG crusade.... why...read on...
6 Steps to Enjoying Your True Wealth
By Bo Sanchez
We were going to Hong Kong that day. I was going to preach for three days but had two extra days to be with my family. Picture us at the airport: My wife carrying our baby in her arms, my eldest son bouncing about like a rabbit and announcing to the whole world, "I'm going to Hong Kong Disneyland!" And the poor skinny father? Straining to push eight massive bags on a wobbly cart with a stubborn right wheel. (I've noticed that these deranged carts supernaturally end up with me wherever I go.)
That was when we heard the crying.
Correction. Not crying. But spine-chilling, lung-busting screaming. Two kids were holding onto their mother. They were separated by four-foot tall steel bars. But to those distraught children, those steel bars represented two years of being without their mother - the contract of a domestic helper in Hong Kong.
Four small arms clutching, grabbing, not letting go.
The whole world heard their pleading scream, "Mommy, please don't go! Please don't go!" I'll never forget the mother's pained, tortured face - as though a knife was ripping through her body. My wife cried openly. I wept inside and held onto my kids more closely.
That was two days ago. Yesterday, the story continued...
Those Small Arms Continue to Reach Out Yesterday was Sunday.
And I walked around Central.
If you don't know Hong Kong, Central is where thousands upon thousands of Filipina Domestic Helpers congregate. They sit on sidewalks. They sit on overpasses. They sit by storefronts.
I walked passed one woman who was reading a handwritten letter.
The handwriting was obviously a child's penmanship.
I walked passed another listening to a little cassette player - not to listen to music - but to a voice of a kid telling stories.
But what broke my heart was the news given to me by Shirley, the head of one organization that tries to help them get financial education. I was shocked by what she said. "Brother Bo, out of our 700 members who are married, 80% is already separated from their husbands."
Families aren't designed for prolonged separation.
They're not just made for that.
We're supposed to spend time together.
6 Steps to Spending More Time with Your Family No Matter How Busy You Are
"Bo, why are you telling me this? I'm not in Hong Kong. I'm living with my family under one roof."
Listen. Yes, you're not in Hong Kong.
But if you don't have time for your family - and your heart is not focused on them - you might as well be in another country.
You could be physically present - but are you emotionally present as well?
Let me share with you six important steps you could take to become more emotionally present with them...
Step #1: Be Close.
I'm still in Hong Kong as I write this piece.
It's five in the morning as I type this article in bed. And my little family is literally around me because we're all sleeping on one bed. Yes, we've become one mass jumble of intertwined humanity - our limbs, legs and arms crisscrossing each other. And that's when I realize - gosh, I don't know how blessed I am.
Why?
Here I am with my family. I feel their skin. I smell their scents. We're so close, I feel their breath.
And yet I'm surrounded by 148,000 domestic helpers here in Hong Kong that have been away from their families for months, for years, for decades.
And for those who've separated - forever.
Let me say it again: We don't know how blessed we are.
We complain that our families are nutty. But we don't understand how blessed we are to have them close enough to experience their nuttiness. We complain about our petty quarrels, our cold wars, our dysfunctionality.
But whose family isn't dysfunctional?
I've talked to some people here in Hong Kong who would give anything to be with their families again - even for just one day of nuttiness. The first step is to be more emotionally present to your family is to actually be physically present to them. Be close!
You need to know how precious your family is - and treat them that way. You need to see them as your true wealth - that nothing is more precious than your relationships.
Step #2: Be Deliberate.
Because you need to protect this treasure or they get stolen from you. No matter how busy I am, I schedule a weekly romantic date with my spouse.
Yes, I actually write it down in my appointment book and treat it like a meeting with the President of the Philippines. These weekly nights are blocked off for the entire year. Nothing can touch it, except some dire emergency.
Why? Because if my marriage fails, everything else stands to fail as well: My ministry, my businesses, my soul... So it is an emergency that I bring her out every week.
I also schedule a weekly date with my kids.
I believe parents need to do these one-on-one dates with each of their kids. Unless of course you've got 18 children and may need to bring them out by two's or three's.
Sometimes my son and I just walk around the village and talk.
It doesn't have to be big. But swapping stories and opening our hearts to one another on a consistent basis is already very big to them. It means they matter to you - that you value them - and you'll see their self-esteem grow.
Step #3: Be Expressive.
I tell my wife "I love you" seven times a day.
I hug my kids countless of times a day.
At night, I tell my kids, "I'm so proud you're my son. I'm so proud I'm your Daddy. You're a genius. You're a loving boy. You're an incredibly gifted young man..."
This is true. I have met 40-year olds who long to hear these words from their parents - "I'm proud of you," and feel an empty space - like a gaping wound in their souls because their parents have never told them this.
Don't do that to your kids.
And before I forget: Praise your kids seven times a day.
And praise your spouse seven times a day.
I'm not kidding. It will revolutionize your marriage.
If I say, "Criticize your spouse seven times a day," I bet you'd say, "Kaunti naman. I do that already." But that's the problem. We don't realize that when we criticize our spouses, we actually destroy our marriage bit by bit - not just our spouses.
But when you praise and honor your spouse - you build up your marriage.
It can be very simple stuff:
Ang sarap ng luto mo ngayon, Hon.
I thank God He gave you to me.
You're so hardworking.
I love it when I see you play with the kids.
You know how to make me happy.
Ganda mo ngayon.
Keep on doing this and you'll see changes in your life and your marriage you thought were not possible.
Let me say it again: Praise your spouse - and your children - seven times a day.
Step #4: Be Deep.
Your weekly dates shouldn't just be watching movies, eating out and going home.
Talk deep.
Talk about your feelings.
Enter into each other's worlds. Dive into each other's dreams, hurts, desires, worries, hopes and burdens.
When you open yourself up to your spouse or your child, there are more chances for the other person to open up to you.
Step #5: Be Simple
Yesterday afternoon, I preached to 700 people in Hong Kong.
I usually give my talks for 45 minutes. That's been my trademark. But yesterday, I gave a solid two-hour talk. Vein-popping, heart-pounding, passion-driven talk - because I had a burden in my heart.
Because I preached on Financial Literacy.
I challenged them, "Raise your financial I.Q.!"
I scolded them, "When you left the Philippines, you told your kids, 'Anak, two years of separation lang 'to. After two years, Mommy will have saved enough and will go home and we'll be together again.' But after two years, you go home and you haven't saved. Because you repainted the house. Because there's a new TV set in the living room and a new gas range in the kitchen. Because the kids have new designer rubber shoes.
I taught them how to live simply and ruthlessly save 20% of their income.
Because unless they do this, they will be forever trapped in Hong Kong.
Look at your life.
Are you living simply?
Are you saving 20% of your income?
Step #6: Be Financially Intelligent
I also taught them where to invest.
I told them, "It's not enough to just save. You need to know where to put your money. Because savings accounts at 1% and time deposits at 5% won't do. Inflation - which is at 7% - will simply eat them up."
So I taught them about mutual funds and other investment vehicles, including the ability to sell something and get into business.
Here's the truth: The more you know about money, the less time you need to make money. So the more time you have for your family.
Actually, a time should come when you don't need to make money. Instead, you let money make money. And that requires financial intelligence.
Read. Attend seminars. Look for mentors.
Go Home.
After giving my talk, I took a deep breath and told my audience in Hong Kong, "When you follow these principles and have saved enough - please go home. Please go home to your children."
I made a lot of people cry that day.
I'm telling you the same thing.
Oh yes, you may be living with your family in one house, but it's possible that your heart is so far away from your spouse and kids - and they are far away from you as well.
You need to let your heart go home.
Go home my friend.
Your heart belongs there.
Also mentioned in ths blog is Ms Shirley San Miguel our mentor here in Dasmarinas Cavite.
I encourage more people to join our IMG crusade.... why...read on...
6 Steps to Enjoying Your True Wealth
By Bo Sanchez
We were going to Hong Kong that day. I was going to preach for three days but had two extra days to be with my family. Picture us at the airport: My wife carrying our baby in her arms, my eldest son bouncing about like a rabbit and announcing to the whole world, "I'm going to Hong Kong Disneyland!" And the poor skinny father? Straining to push eight massive bags on a wobbly cart with a stubborn right wheel. (I've noticed that these deranged carts supernaturally end up with me wherever I go.)
That was when we heard the crying.
Correction. Not crying. But spine-chilling, lung-busting screaming. Two kids were holding onto their mother. They were separated by four-foot tall steel bars. But to those distraught children, those steel bars represented two years of being without their mother - the contract of a domestic helper in Hong Kong.
Four small arms clutching, grabbing, not letting go.
The whole world heard their pleading scream, "Mommy, please don't go! Please don't go!" I'll never forget the mother's pained, tortured face - as though a knife was ripping through her body. My wife cried openly. I wept inside and held onto my kids more closely.
That was two days ago. Yesterday, the story continued...
Those Small Arms Continue to Reach Out Yesterday was Sunday.
And I walked around Central.
If you don't know Hong Kong, Central is where thousands upon thousands of Filipina Domestic Helpers congregate. They sit on sidewalks. They sit on overpasses. They sit by storefronts.
I walked passed one woman who was reading a handwritten letter.
The handwriting was obviously a child's penmanship.
I walked passed another listening to a little cassette player - not to listen to music - but to a voice of a kid telling stories.
But what broke my heart was the news given to me by Shirley, the head of one organization that tries to help them get financial education. I was shocked by what she said. "Brother Bo, out of our 700 members who are married, 80% is already separated from their husbands."
Families aren't designed for prolonged separation.
They're not just made for that.
We're supposed to spend time together.
6 Steps to Spending More Time with Your Family No Matter How Busy You Are
"Bo, why are you telling me this? I'm not in Hong Kong. I'm living with my family under one roof."
Listen. Yes, you're not in Hong Kong.
But if you don't have time for your family - and your heart is not focused on them - you might as well be in another country.
You could be physically present - but are you emotionally present as well?
Let me share with you six important steps you could take to become more emotionally present with them...
Step #1: Be Close.
I'm still in Hong Kong as I write this piece.
It's five in the morning as I type this article in bed. And my little family is literally around me because we're all sleeping on one bed. Yes, we've become one mass jumble of intertwined humanity - our limbs, legs and arms crisscrossing each other. And that's when I realize - gosh, I don't know how blessed I am.
Why?
Here I am with my family. I feel their skin. I smell their scents. We're so close, I feel their breath.
And yet I'm surrounded by 148,000 domestic helpers here in Hong Kong that have been away from their families for months, for years, for decades.
And for those who've separated - forever.
Let me say it again: We don't know how blessed we are.
We complain that our families are nutty. But we don't understand how blessed we are to have them close enough to experience their nuttiness. We complain about our petty quarrels, our cold wars, our dysfunctionality.
But whose family isn't dysfunctional?
I've talked to some people here in Hong Kong who would give anything to be with their families again - even for just one day of nuttiness. The first step is to be more emotionally present to your family is to actually be physically present to them. Be close!
You need to know how precious your family is - and treat them that way. You need to see them as your true wealth - that nothing is more precious than your relationships.
Step #2: Be Deliberate.
Because you need to protect this treasure or they get stolen from you. No matter how busy I am, I schedule a weekly romantic date with my spouse.
Yes, I actually write it down in my appointment book and treat it like a meeting with the President of the Philippines. These weekly nights are blocked off for the entire year. Nothing can touch it, except some dire emergency.
Why? Because if my marriage fails, everything else stands to fail as well: My ministry, my businesses, my soul... So it is an emergency that I bring her out every week.
I also schedule a weekly date with my kids.
I believe parents need to do these one-on-one dates with each of their kids. Unless of course you've got 18 children and may need to bring them out by two's or three's.
Sometimes my son and I just walk around the village and talk.
It doesn't have to be big. But swapping stories and opening our hearts to one another on a consistent basis is already very big to them. It means they matter to you - that you value them - and you'll see their self-esteem grow.
Step #3: Be Expressive.
I tell my wife "I love you" seven times a day.
I hug my kids countless of times a day.
At night, I tell my kids, "I'm so proud you're my son. I'm so proud I'm your Daddy. You're a genius. You're a loving boy. You're an incredibly gifted young man..."
This is true. I have met 40-year olds who long to hear these words from their parents - "I'm proud of you," and feel an empty space - like a gaping wound in their souls because their parents have never told them this.
Don't do that to your kids.
And before I forget: Praise your kids seven times a day.
And praise your spouse seven times a day.
I'm not kidding. It will revolutionize your marriage.
If I say, "Criticize your spouse seven times a day," I bet you'd say, "Kaunti naman. I do that already." But that's the problem. We don't realize that when we criticize our spouses, we actually destroy our marriage bit by bit - not just our spouses.
But when you praise and honor your spouse - you build up your marriage.
It can be very simple stuff:
Ang sarap ng luto mo ngayon, Hon.
I thank God He gave you to me.
You're so hardworking.
I love it when I see you play with the kids.
You know how to make me happy.
Ganda mo ngayon.
Keep on doing this and you'll see changes in your life and your marriage you thought were not possible.
Let me say it again: Praise your spouse - and your children - seven times a day.
Step #4: Be Deep.
Your weekly dates shouldn't just be watching movies, eating out and going home.
Talk deep.
Talk about your feelings.
Enter into each other's worlds. Dive into each other's dreams, hurts, desires, worries, hopes and burdens.
When you open yourself up to your spouse or your child, there are more chances for the other person to open up to you.
Step #5: Be Simple
Yesterday afternoon, I preached to 700 people in Hong Kong.
I usually give my talks for 45 minutes. That's been my trademark. But yesterday, I gave a solid two-hour talk. Vein-popping, heart-pounding, passion-driven talk - because I had a burden in my heart.
Because I preached on Financial Literacy.
I challenged them, "Raise your financial I.Q.!"
I scolded them, "When you left the Philippines, you told your kids, 'Anak, two years of separation lang 'to. After two years, Mommy will have saved enough and will go home and we'll be together again.' But after two years, you go home and you haven't saved. Because you repainted the house. Because there's a new TV set in the living room and a new gas range in the kitchen. Because the kids have new designer rubber shoes.
I taught them how to live simply and ruthlessly save 20% of their income.
Because unless they do this, they will be forever trapped in Hong Kong.
Look at your life.
Are you living simply?
Are you saving 20% of your income?
Step #6: Be Financially Intelligent
I also taught them where to invest.
I told them, "It's not enough to just save. You need to know where to put your money. Because savings accounts at 1% and time deposits at 5% won't do. Inflation - which is at 7% - will simply eat them up."
So I taught them about mutual funds and other investment vehicles, including the ability to sell something and get into business.
Here's the truth: The more you know about money, the less time you need to make money. So the more time you have for your family.
Actually, a time should come when you don't need to make money. Instead, you let money make money. And that requires financial intelligence.
Read. Attend seminars. Look for mentors.
Go Home.
After giving my talk, I took a deep breath and told my audience in Hong Kong, "When you follow these principles and have saved enough - please go home. Please go home to your children."
I made a lot of people cry that day.
I'm telling you the same thing.
Oh yes, you may be living with your family in one house, but it's possible that your heart is so far away from your spouse and kids - and they are far away from you as well.
You need to let your heart go home.
Go home my friend.
Your heart belongs there.
Subscribe to:
Posts (Atom)