All about Financial, etc....

[Metz]

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Dapat unta Mag start sa No. 1 ang module.. How to increase cash flow before build long term savings. Kay tong nag invite nako sa IMG, if i'm not interested to become a broker, go for savings na lang..

Mas nindot ug how to increase cash flow ang eh tudlo.

Being a broker is an option for additional cash flow. If its not for you there are other ways to increase cash flow.
But the point of this talk is to educate everyone in financial literacy.
Its really an eye opener for the average pinoy. It looks really basic but sadly gamay rajud nakabalo ani.
Once the problem of cash flow is resolved then at least kabalo na dayon unsa sunod i-priority. Until mo abot ang point nga pwede na mo invest.

[wizard_jamex]

Being a broker is an option for additional cash flow. If its not for you there are other ways to increase cash flow.
But the point of this talk is to educate everyone in financial literacy.
Its really an eye opener for the average pinoy. It looks really basic but sadly gamay rajud nakabalo ani.
Once the problem of cash flow is resolved then at least kabalo na dayon unsa sunod i-priority. Until mo abot ang point nga pwede na mo invest.

You're right Metz. Being a broker is just an option. Kung naa ka lain sideline or part time...then good.
At least naa ka additional income. For example, kung ang salary sa tawo kay Php 100,000.00 a month, then dili na siguro siya kailangan mag increase ug cash flow kay dako naman iya suweldo unless naa siya utang which is higher than his salary.

Kung walay utang ang usa ka tawo then he must proceed to step 3 which is create emergency funds until to the last step.

[wizard_jamex]

[wizard_jamex]

Net Asset Value Per Share as of September 6, 2010
FAMI YTD is 40.06%
PhilAm YTD is 35.32%
Philequity YTD is 32.9%

[wizard_jamex]

[wizard_jamex]

1O BASIC GUIDELINES ABOUT YOUR FINANCIAL LIFE/SITUATION/ETC…

1. THOU SHALL TAKE ACTION
- Reading about how to improve your finances is a good start, but getting started is not enough. Do something everyday to make things happen.

2. THOU SHALT PAY OFF ALL CREDIT CARD DEBT
- Treat your credit card debt as your enemies. Sit down and work out a plan to pay it as quickly as possible. Apply the resolve on other debts too.

3. THOU SHALT UNDERSTAND THE DIFFERENCE BETWEEN WANTS AND NEEDS
- There is nothing wrong with enjoying small, non essential luxuries. But you must realize that wants are not your needs. Keep yourself away from impulse spending.

4. THOU SHALT LIVE ON LESS THAN YOU EARN.
- By living within your means, you will purchase items and services that are less than you currently make. You may figure out a way to increase your income so that you can spend more, but still remain less than you make.

You may track your spending to see if you’re within the limits you’ve set. It is always possible to balance the budget without changing your lifestyle.

5. THOU SHALT PAY YOURSELF FIRST.
- You deserve to get compensated first. See to it that you’re able to save 10% of your take home pay before running your budget. Set up this savings in such a manner that an amount is taken from your paycheck each month and funneled to your savings.

6. THOU SHALT SET FINANCIAL GOALS.
- Take time to figure out what your financial goals are so you can take the needed steps to reach them.

7. THOU SHALT EDUCATE YOURSELF AND BE RESPONSIBLE FOR YOUR DECISIONS.
- There is no other person but you who is the best position to look after your own interest. While you may let others handle all your money matters, make sure you have the final say in all decisions about your money.

8. THOU SHALT SAVE AND INVEST.
- Take the money that you pay yourself first and either save or invest it. From these savings and investments, you will be gain financial independence and will be able to live on interest. Create emergency fund. This is the first step to make your money work for you.

9. THOU SHALT PROTECT YOUR FINANCES
- Consider insurance in protecting your life and assets in case of sickness, accident or disaster.

10. THOU SHALT DONATE TO WORTHY CAUSES AND THOSE LESS FORTUNATE.
- Nurture a sense of giving, be thankful for the small blessings that come your way, and donate regularly to causes that you believe are helping the poor in your community. Volunteering your skills and time will also provide your fulfillment.

[wizard_jamex]

[wizard_jamex]

The secret to building wealth is to start saving now. We know that money takes time to GROW. Its better to start savings or invest. Kung padugay dugay tah then...gamay ra ato ma save. Ingon sila...ayaw kabalka kung magasto ang kwarta because mobalik rana. It's true that money mobalik ra, because of the income (active or passive). Pero ang sayang kay ang time man gud. Kay nakasulay nako ani before...

[wizard_jamex]

TOO YOUNG TO SAVE FOR RETIREMENT? HERE ARE 10 REASONS WHY YOU SHOULD.


For almost all young adults who have just started their first job, or who are just getting ready to settle down and marry, planning for their retirement is not at all in their minds. For those who have just gotten their first job, the experience of receiving your paycheck is a thrilling and empowering feeling. Now you have money to spend for the things you’ve always wanted to get. Billboards and glitzy print ads beckon you to accumulate all sorts of products and services that make you enjoy the life that you feel entitled to. At last!


But, listen, time waits for no one. Sooner or later, you will find yourself with a closet full of out of fashion clothes, outdated gadgets, and toys that you have outgrown. Worse still, you may still have credit card bills to pay for these things, and zero cash saved up for even your next vacation to Boracay. This time will come, if you’re not careful. And believe me, that time could just be around the corner.
If you’re smart, you should begin to plan for your retirement as soon as you receive your first pay check! Here are ten reasons why you should prepare now:


1. If you are employed, and your company is setting aside money for your SSS or GSIS or company retirement, guess what? What your company is setting aside is not going to be enough.
2. Time is in your favor. Who has more time to save for retirement at age 60? You, or your uncle who is 30 years older than you?
3. Because of # 1, you don’t have to sacrifice a lot in order to save a lot. If you and your uncle wanted to accumulate P1 Million by the time you’re both 60, you would have to save a smaller amount regularly, because you have more time to save. Right?
4. You can make more aggressive investments now but get rewarded with higher returns. Usually, these higher risk investments have a way of recovering very well over a longer period of time.
5. Inflation is not in your favor. You know it. Don’t be in denial. It will cost you more to retire than earlier generations ahead of you. So, don’t think that it will be affordable enough for you by that time.
6. You can start small and grow. Even setting aside a small portion of your paycheck each month will pay off in big pesos later.
7. It’s easier to develop the habit of saving while you are young and you have no major obligations.
8. As you accumulate savings over time, your money will starting working for you, rather than you working for money.
9. No matter how much you love your parents, do you like the idea of supporting your parents because they failed to save for their retirement? Well, don’t impose your failure to save on your children. They deserve a life of their own.
10. It’s great to enjoy your savings! Imagine the nice and easy life you can enjoy when you have saved enough. If you want to keep working even when you’re old, you will go to work because you like to, not because you have to. And – when you have saved enough to take care of a comfortable lifestyle – you can occupy yourself with work which probably won’t pay much, but which will be fun and self-fulfilling.

Source : Save & Learn | Friendly, professional advice about saving and investing

[wizard_jamex]

The Winning Mindset: How to Think Like an Investor

Investing is a three-dimensional juggling act that involves Market Approach (what to buy or sell), Trading and Timing Strategies (when to buy or sell), and Risk and Money Management (how much return and risk to take). To increase the probability of investment success all the three dimensions should be performed whether you are fund manager or an investor.
So how do you differentiate yourself from a fund manager? – Basically you come up with answers to the same three questions (what . . . , when . . . ., and how much . . .) using different means.

What to Buy or Sell
In answering the question “what to buy or sell”, most fund managers use fundamental factors, technical indicators and mathematical tools. As an investor all you need to do to answer this question is to set your goals (retirement, college funding, capital for business, etc.) and to know your risk appetite (aggressive, moderate, conservative).



When to Buy or Sell
To answer the question “when”, a fund manager again uses many tools (mathematical, cyclical, trend followers, etc.). To accomplish the same feat as an investor, what you need to do is to determine how much time you have to invest (this is almost automatically determined once the goals are set) and what resources you have available for investing (how much of your monthly salary can you set aside for investing?). For an investor like you there is only on answer to this question – NOW. Your success as an investor will not be a matter of timing but of how much time you have to invest. So start early!

How Much to Risk
Finally in order to manage risk effectively as an investor, you don’t need all those ratios, alphas, betas, audits and what have you that fund managers use to evaluate risk. All you need to do is to choose the right fund and the right fund manager. Nowadays with all the scams going around choosing the right fund manager is almost as important as choosing the right fund. Once you have accomplished the first two steps you will realize that choosing the type of fund is best for you will be easy enough because you already know what type of returns (professional financial planners can help you determine this) to look for in order to meet a specific goal.
So, to develop that winning investor’s mindset just remember these four simple phrases:

1. You are not a FUND MANAGER! Think Like an INVESTOR
2. Know your GOALS (put them on paper) and RISK APPETITE.
3. Determine how much TIME you have to invest for each goal (the longer the better so start early).
4. Choose the RIGHT FUND, and the RIGHT FUND MANAGER.

Source: http://www.save-and-learn.com