After I have read Francisco Colayco's "Make your Money Work for you" Pera Palaguin and Robert Kiyosaki's "Rich Dad, Poor Dad", one thing really bothered me on how could I buy Assets.... As we know, assets comes at High cost. Now my first strategy by then is to spend less and save more. My goal in Saving is to acquire an asset, I started looking for low cost investments. I started searching for Mutual funds in the Philippines. I found a list but I can't find a way how to start investing in those Mutual Fund Companies. I want to learn more regarding this, I contacted the companies for me to know on which Category I should invest on how things are going. FAMI told their not giving free awareness seminar, but sent me a SuitabilityTest and they would determine which fund should I invest, I want to determine it on my own. Until one time a colleage told me that she has an investment on FAMI and PhilEquity. I was amazed. I dreamed on investing in those companies. She invited me to attend free seminars in IMG so I would learn more than I had, I come with her with no hesitation but many advance questions. Then that was the time I begin to build a bigger dream. I really want to become successful in my run to become financially independent.With IMG I learned,earn and save. Neccessary things and strategies would be revealed to you to have a better perspective in life.Now i can see that I am not just dreaming, I am aiming.
Check my previous post located on the right side of this page to get a hint on things that I learned.
This is just a preliminary sharing of knowledge that I learned in IMG. Paying time to attend the Series of Seminars would be worth it. A good Start.
First Step Increase Cash Flow
In my previous post (Financial Strategy) the First step to Financial Independence is to Increase cash flow.
There are two ways to Increase cash flow.
Now How could you earn more. There are too many ways to earn more than what we used to.
It is logical for an employee's mindset that in order to earn more,they should spend more time working.
This thing steals your time which should be spent with your love ones,your family.
In my opinion,try to look for opportunities outside your job, I offered one, IMG. I still have 2 other oportunities with me. I recommend this company for it's advocacy to educate every family to be happy by
sharing the neccessary financial knowledge which are not thought in school.They offer a more comprehensive seminars for free.
For a businessman, in order to earn more.extending store's open hours, increasing the services offered.All in all it's an overall extension.
Is it logical that in order to earn more,you have to sacrifice relationships? Of course not isn't it.
There's a lot of Multi-level Marketing existing today. They offer great compensations and opportunity.You just have to choose where to excel. It's an Investment anyway. Try reading my PASSIVE INCOME & Multiple Income to Increase Cash Flow posts.
Next in Spending Less. In my pevious post(Elimininate Unneccesary Expenses,Small Beginnings ...) I showed a table of things that we could remove out of our expenses and how much it cost us. If we would only knew that where spending more liabities or uneccessary things.
We Should only be spending money for Neccessities and Assets.
There are two ways to Increase cash flow.
Earn More
Spend LessNow How could you earn more. There are too many ways to earn more than what we used to.
It is logical for an employee's mindset that in order to earn more,they should spend more time working.
This thing steals your time which should be spent with your love ones,your family.
In my opinion,try to look for opportunities outside your job, I offered one, IMG. I still have 2 other oportunities with me. I recommend this company for it's advocacy to educate every family to be happy by
sharing the neccessary financial knowledge which are not thought in school.They offer a more comprehensive seminars for free.
For a businessman, in order to earn more.extending store's open hours, increasing the services offered.All in all it's an overall extension.
Is it logical that in order to earn more,you have to sacrifice relationships? Of course not isn't it.
There's a lot of Multi-level Marketing existing today. They offer great compensations and opportunity.You just have to choose where to excel. It's an Investment anyway. Try reading my PASSIVE INCOME & Multiple Income to Increase Cash Flow posts.
Next in Spending Less. In my pevious post(Elimininate Unneccesary Expenses,Small Beginnings ...) I showed a table of things that we could remove out of our expenses and how much it cost us. If we would only knew that where spending more liabities or uneccessary things.
We Should only be spending money for Neccessities and Assets.
FINANCIAL SOLUTION
There are too many things that where not though in schools that are very neccessary to be successful.
Share your time with us and we will make you see how things are working to meet our goals
Be a part of the Company to Start your Business Venture towards FINANCIAL INDEPENDENCE
IMG- is an Independent Marketing Company whose associates,
through its affiliated companies,
offers a broad array of financial services and products.
MISSION: TO MAKE A DIFFERENCE FOR FAMILIES
OUR PLAN is to revolutionize the financial services industry by bringing a fresh, new approach to empower the world on how money works.
Help people who desire to help themselves
bring life changing financial concepts and solutions to middle income individuals and families who are overlooked by the financial services industry.
-YOU can help make a difference for families by showing them a new path towards achieving their financial goals.
Start by Learning. Invest your time on us
Attend free seminars( click on FINANCIAL AWARENESS SEMINARS)
You'll probably find its revolutionized approach over the financial market and JOIN
be an Broker of your own Investment. Learn how to fish, share the knowledge.
OWN the Financial Products and Support,
be Insured,Protected and Invest
Practice what we have learned
SHARE- Apply the things that we are learned, and share to spread the knowledge.
For Interested People Check my Contact Information
(click on My Contact Details)
Share your time with us and we will make you see how things are working to meet our goals
Be a part of the Company to Start your Business Venture towards FINANCIAL INDEPENDENCE
IMG- is an Independent Marketing Company whose associates,
through its affiliated companies,
offers a broad array of financial services and products.
VISION: TO BUILD AND PROVIDE THE BEST BUSINESS OPPORTUNITY IN THE WORLD
OUR PLAN is to revolutionize the financial services industry by bringing a fresh, new approach to empower the world on how money works.
Help people who desire to help themselves
bring life changing financial concepts and solutions to middle income individuals and families who are overlooked by the financial services industry.
-YOU can help make a difference for families by showing them a new path towards achieving their financial goals.
Start by Learning. Invest your time on us
Attend free seminars( click on FINANCIAL AWARENESS SEMINARS)
You'll probably find its revolutionized approach over the financial market and JOIN
be an Broker of your own Investment. Learn how to fish, share the knowledge.
OWN the Financial Products and Support,
be Insured,Protected and Invest
Practice what we have learned
SHARE- Apply the things that we are learned, and share to spread the knowledge.
For Interested People Check my Contact Information
(click on My Contact Details)
Elimininate Unneccesary Expenses,Small Beginnings makes Big Changes
The Table above Shows how are unneccessary expenses affect our Savings.
If we could only eliminate this things and start investing it. You would see how fortunate you are.
Effects of Tax and Inflation
We should Beat the Inflation. Look for investments which offers higher gain than loosing its worth.
Both of the Investors Left and Right invested 100,000 in different portfolios.
Left at 4% per annum,which was left and Right at 8% per annum which did the right thing.
Let us start discussing the Left's Investment portfolio.
His 100,000 gained 4,000 of interest, making his money 104,000. The government charged 20% of the interest earned so the total interest was deducted with 800 making his total money 103,200. The averageinflation rate of Philippines is 6% annum making the worth of 100,000 drop by 6,000 of its worth.
so the total worth of his money would be 97,200 only...though its real amount is 103,200.
Now let us discuss how Right Side's Investment Portfolio
His 100,000 gained 8,000 of interest, making his money 108,000. The government charged 20% of the interest earned so the total interest was deducted with 1,600 making his total money 106,400. The average
inflation rate of Philippines is 6% annum making the worth of 100,000 drop by 6,000 of its worth.
so the total worth of his money would be 100,400 only...though its real amount is 106,400.
Money's worth is it's buying capacity. The money increase its value but as time goes buy, things are getiing moreexpensive so you can't buy rice @P18.00 per kilo today because lowest price of rice today is at P28.00 per kilo. Your 100,000 today is not as big as 100,00 before.
The amount may be bigger but its not the basis of its worth.
Financial Strategy
Being Successful is not a magic. At work we are anylzing things,and generate plans to accomplish our goals especially if there are obstacles that we could be facing in order to achieve our goal.
In life,what are the obstacles that we could be facing in order to be successful?
We should also have a plan to eliminate and risk and continue our goal.
Below is the step by step advice to be successful in the Financial aspect of our life.
1st- INCREASE CASH FLOW
Is your Income enough to fund your goals?
Could you afford to Save? or your salary is roughly enough for your expenses only?
Manage your Time- Earn More- you could earn from your spare time.
Manage your Cashflow- Reduce Expenses eliminate unneccessary expenses,being simple is enough
2nd - MANAGE DEBT
create a strategy on eliminating debts,plan how long you will be paying it and how much they earn from you
this should be atleast 3x of your monthly income
protect your income
cover yourself and your family with good healthcare program
learn the goals of your Investment and be disciplined to used it accordingly
learn where to invest ( study and have a strategy)
In life,what are the obstacles that we could be facing in order to be successful?
We should also have a plan to eliminate and risk and continue our goal.
Below is the step by step advice to be successful in the Financial aspect of our life.
1st- INCREASE CASH FLOW
Is your Income enough to fund your goals?
Could you afford to Save? or your salary is roughly enough for your expenses only?
Manage your Time- Earn More- you could earn from your spare time.
Manage your Cashflow- Reduce Expenses eliminate unneccessary expenses,being simple is enough
create a strategy on eliminating debts,plan how long you will be paying it and how much they earn from you
3rd CREATE EMERGENCY FUND
Be prepared for emergency expensesthis should be atleast 3x of your monthly income
4th - ENSURE PROPER PROTECTION
protect your familyprotect your income
cover yourself and your family with good healthcare program
5th - BUILD LONG TERM ASSET ACCUMULATION
plan for your future expenses where in you could not be earning thru working anymorelearn the goals of your Investment and be disciplined to used it accordingly
learn where to invest ( study and have a strategy)
6th - PRESERVE YOUR ESTATE
make sure your descendant inherit your wealth your asset, not the governmentThe Rat Race
A rat in its cage has a wheel where in it continuously run but remains in it's location.
The rat is doing this thing to have fun and have an excercise,but as the rat becomes tired,
its energy drops and stops running.
Do you know that most of us could be compared to this running rat?
How?
The running rat is just like we as we work.
We work everyday to have our budget to spend in our expenses.
The continuously running rat is pertained to us which is continuously working.
Continuously working but not moving forward.
But as we grow old and tired,we could not work as hard as we do to earn.
earning for our expenses is just like the mouse' goal to keep the wheel running.
We are earning to sustain life, our neccessities.
The rat has a choice not to run in the wheel..
but we don't have choice to stop the wheel, for stopping it costs our life.
What should we do?
Find a way to keep it running through having other sources of income.
Income that would sustain our life in our most crucial time.
The rat is doing this thing to have fun and have an excercise,but as the rat becomes tired,
its energy drops and stops running.
Do you know that most of us could be compared to this running rat?
How?
The running rat is just like we as we work.
We work everyday to have our budget to spend in our expenses.
The continuously running rat is pertained to us which is continuously working.
Continuously working but not moving forward.
But as we grow old and tired,we could not work as hard as we do to earn.
earning for our expenses is just like the mouse' goal to keep the wheel running.
We are earning to sustain life, our neccessities.
The rat has a choice not to run in the wheel..
but we don't have choice to stop the wheel, for stopping it costs our life.
What should we do?
Find a way to keep it running through having other sources of income.
Income that would sustain our life in our most crucial time.
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