"The reason most people never reach their goals is that they don't define them, learn about them, or even seriously consider them as believable or achievable. Winners can tell you where they are going, what they plan to do along the way, and who will be sharing the adventure with them." - Denis Waitley
Monday, January 30, 2012
Thursday, January 26, 2012
Today's Quote
" Learning is the beginning of wealth. Learning is the beginning of health.
Learning is the beginning of spirituality.
Searching and learning is where the miracle process all begins.
- Jim Rohn
Wednesday, January 25, 2012
"How To Prosper" By Bro. Bo Sanchez
"Note: Below is a tiny excerpt from my soon-to-be-released book, How To Prosper, Overhaul Your Financial Life. (It’ll be out in the bookstores soon.) Enjoy! –Bo Sanchez
Drink Now Or Drink Forever?
One day, a man got lost walking in the desert.
The next day, he was still lost.
After two days under the scorching sun, he was very thirsty.
All of a sudden, he saw a little wooden shed.
He ran to it, thinking of only one thing—Water!
When he arrived there, he saw an old, rusty water pump sticking from the ground.
He gripped the handle and began pumping like a mad man.
He gripped the handle and began pumping like a mad man.
But nothing came out.
Disappointed, he stepped back how to make it work.
Looking around, he saw a jug covered with dust.
When he grabbed it, he saw a piece of paper stuck on it.
The message read, “Open this jug and you’ll find water. Don’t drink it.
Pour it instead on the pump. And you’ll have all the water you want.”
The message read, “Open this jug and you’ll find water. Don’t drink it.
Pour it instead on the pump. And you’ll have all the water you want.”
He popped the cork.
True enough, the jug was filled
Tuesday, January 24, 2012
Peso Cost Averaging
Last time, we were talking about investing in mutual funds. Some will be asking when is the best time to invest and how often do we invest? Well, there's is no best time to invest than NOW! The sooner we start investing, the better, due to the power of compounding or the rule of 72. We invest even when the market is down, or the market is up, or when there is a political chaos, or when there is political peace and quite. We may hear that we should time the market, but in the following chart below, it will illustrate three (3) scenarios of different market conditions in the stock market.
Peso Cost Averaging. Like saving, we should make investing a regular habit. We should invest regularly, say monthly at a fixed amount! This is what we call as peso cost averaging. By doing so, we minimize or reduce the risk of our investment when the market goes up and down, or simply said whether the prices of stocks are high or when the prices are down. "Save as fast as you can while you can."
*Courtesy of IMG
In the illustration, an investor, Mr. A, decided or planned to invest 100
pesos every month for 6 months: (Today, or at present, we can start investing
in mutual funds starting at
Friday, January 20, 2012
Today's Quote
"Life is not measured by the number of breaths we take, but by the moments that take our breath away."
Take Control of Your Future
Almost
all of us wants to be sexy or macho, strong and healthy. But, just like
being physically fit and healthy, being financially fit is not that
easy at all. It needs a lot of sacrifice and discipline plus planning to
be able to reach our goal. 'Sacrifice', in the sense that we delay our
"wants" today and invest first and grow our money. Bro. Bo said, that,
"Its either you have money now or you will have money forever."
"Discipline" is needed to be able to set aside a regular amount for your
financial goals, may it be short term or for the long term goal which is
for your retirement. "Planning", as its only through good planning that
you will be able to map out a clear financial future and reach your
ultimate goal of financial freedom!
Everyone
has different goals, depending on their needs! So there is no "one"
solution for everyone. Different challenges, calls for different
solutions! And as we go through life, our status and family changes,
like from being single to getting married and then to having children,
that's why we have to continually revise our plan and do financial
check-ups along the way. Here's a guide below:
Thursday, January 19, 2012
COUNT THE CHICKS, NOT THE EGGS
By Michael Angelo Duenas
Most of the time, if not all the time, I think of my salary as a never-ending grace that continually presents itself to me as an opportunity to spend and bless others through what it can bring. I always bear in mind, that whatever happens, it is there; that it will continuously be around. But as I live my life payday to payday, saving nothing for myself or for my utmost future, I get nostalgic about the days wherein I could have been more of what I am now and I could have seen better things with what I have because I HAVE SAVED...
BUT, sadly, I failed to consider that unless the money is within my possession, it is never really there. And I tend to be assuming that I can spend more because I believe I can still manage my finances. And now I'm faced with the challenge of putting it all back together and start covering up for what has been over spent.
So the moral of this story is that, we should never include or claim things such as money as ours even before it touches our hands. And never ever spend or live a lifestyle beyond that capacity with which we can afford.
Tuesday, January 17, 2012
Monday, January 16, 2012
212 Service
flickspire - 212 Service
Someone
once said, "Life is like a game of tennis. The player who serves well
seldom loses." The same can be said for any business on the planet.
However, when we talk about creating a service culture, most people will
focus on "customer service." But 212° Service defines a service culture
a little…
Sunday, January 15, 2012
Why Mutual Funds?
As a new investor, investing in the mutual fund is the easiest and least stressful way to invest in the market, relying the investing in the capable hands of financial experts.
Among the benefits of mutual funds are:
1. It is so diversified. There is a specific allocation of the kind of investment entered to, in each type of funds. For example in Stock or Equity Fund, there is a mandate that just 10% shall be allocated for each industry, like for the 10% in banks, the Fund will buy blue chip companies like Banco de Oro, BPI , etc.
2. It is managed by a professional money manager who constantly monitors the stocks or bonds in the fund, so you can rest assured that it is on good hands. This is the manager's primary job so he has a lot of time in the research and in the selection of what investments to buy or sell, compared if you or the individual investor does the managing himself.
3. It is so liquid. If you want to redeem your shares, you will have the money in
Saturday, January 14, 2012
Types of Mutual Funds
In the US, there are 10,000 kinds of mutual funds and here in the Philippines there are only fewer than a 100. But Mutual Funds can be classified into 4 types as follows: Bond Fund, Stock Fund, Money Market Fund, and Balanced Fund. They are so named in accordance to where the Mutual Fund is invested in.
Courtesy of IMG
How then will we choose which kind of mutual fund we will invest in? The answer is based on your investment risk appetite and/or your
Friday, January 13, 2012
What Is A Mutual Fund?
A mutual fund is a type of investment wherein which a "a group of investors" or an investment company pools money from many investors to buy stocks, bonds, or other money market instruments and is managed by a Fund Manager. This is a better option to investing directly, say in the stock market, especially if one has no time to do the research on individual companies and have no technical expertise in stock trading.
Courtesy of IMG
From the diagram above, we can see that many investors buy shares on a Mutual Fund of their choice and then the Mutual Fund Company will buy
Desiderata
Here is a poem which can be our guide in our pursuit of a truly Wealthy Life!! Enjoy!
Desiderata
Go placidly amid the noise and haste
and remember what peace there may be in silence.
and remember what peace there may be in silence.
As far as possible without surrender, be on good terms with all
persons.
Wednesday, January 11, 2012
Balanced Diet
It is simply about
balancing calories and the type of foods on your plate. This, combined with an
active lifestyle is all you will ever need to reduce health risks and maintain
or achieve a good body weight.
The
good news is that you do not have to ban your favorite foods from your dining table.
You only need to consume them in the right proportions.
Eat most:
fruits and vegetables,
nuts, legumes and wholegrain. They should make up the bulk of the food you eat
and these will provide good amount of energy, proteins, minerals, vitamins and
dietary fiber. These foods pack a punch in terms of nutrients for each calorie
they provide.
Opt for whole grain breads,
brown rice, whole wheat pasta.
Dark green leafy
vegetables for example, are the best source for
Tuesday, January 10, 2012
If You Never Fail, You'll Never Succeed
flickspire - Failing to Succeed
Yes,
it is a challenge to succeed; you've got to become a good planner, and a
good dreamer. You've got to
Monday, January 9, 2012
Nuggets of Wisdom
"Learning from others allows you to shortcut the road to success. Allow
yourself to be mentored by successful people who can walk beside you and
tell you where the landmines are." "..... this goes for any area of your
life — spiritual, physical, financial, etc."
- Bro. Bo Sanchez
Building A Solid Financial Foundation
Today I will discuss about our personal finances. One should take note that 'personal finance' includes a lot of money topics such as savings, expenses, budgets, insurances, investments, and debts. We should understand that all these topics are not only necessary but that they also affect each other in our goal towards financial security. Thus, here, I will emphasis the importance of building a solid financial foundation so that you and your family will achieve your goal of financial freedom.
*Courtesy of IMG
Let me ask you, shall you invest first or buy an insurance? Well, from the chart above, like building a house, we must build our "financial dream" from
Sunday, January 8, 2012
Discipline and Consistency are the Keys
"The ability to save money is the cornerstone of building wealth. In
order to save money, you need to spend less than you earn. This is often
easier said than done, but there are plenty of ways to help you begin
saving money on even the tightest budget."
* Courtesy of IMG
Small Changes, Big Money. Each one of us are different and we can save in our own small ways.
- Soda. Ah, the soft drinks industry is a multi million dollar industry and
Saturday, January 7, 2012
The Extra Degree
flickspire - 212 - The Extra Degree
At
211 degrees water is hot. At 212 degrees, it boils. And with boiling
water, comes steam. And steam can power a locomotive. The one extra
degree makes the difference. This simple analogy reflects the ultimate
definition of excellence.
Friday, January 6, 2012
Wealth With Responsibility
The X-Curve concept of Wealth and Responsibility:
This concept theorizes that a person's responsibilities generally decreases and wealth generally increases over time. Every peso you save will correspondingly go towards decreasing your responsibility.
While we are young, we are generally less secure as we are still starting up; our salary is low, our kids are still schooling, we are still starting out in life and most probably no house or car, yet. So, at this point in time our responsibility is at its highest as well. At this stage in our life, our concern is what if we die too soon? The solution for such is to have an insurance so that our family will be taken cared of and their needs for education and sustenance will be provided should you, the income earner, unexpectedly die or be disabled.
 | ||
| * Courtesy of IMG. |
On the other hand, as we grow older, ideally, we should have accumulated enough wealth
to make our responsibilities go to zero. At this stage,
Tuesday, January 3, 2012
The Power of Discipline
Monday, January 2, 2012
Bro. Bo's Wealth Circle Mastermind
Am proud to tell you that am a member of Bro. Bo Sanchez' Wealth Circle Mastermind! "The Wealth Circle
is for entrepreneurs, professionals, leaders, and investors who already
have reached a certain level of success—but now want to move on to a
whole new level." Bro Bo, said, " I have a simple criteria for those who can join. I want all the members of the Wealth Circle to have the same abundance-mindset, a growth-oriented attitude, a hunger-for-learning, and a
Sunday, January 1, 2012
The Power of Compounding Interest
"Albert Einstein called compound interest, the eight wonder of the world and mankind's greatest invention, because it is the mightiest force ever unleashed for the amassing of wealth".
Compound interest is surely an amazing thing ...
and the Rule of 72 is just a simple way to quickly estimate how long it
will take for your money or investment to double.Take note, that its
just an estimate, as there are other factors to consider like investment
performance, the risk involved, the charges associated with individual
investments, yearly investment fluctuations, and taxes.
Here's a chart to illustrate: Money left alone in long term investment will compound indefinitely as years pass. You can estimate how much it will be with the aid of the "Rule of 72".
*courtesy of IMG.
How To Use the Rule of 72
In order to estimate the number of years for your money to double, just divide 72 by the interest rate. The result is the number of years in which your money will double with
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