When it comes to MONEY: What is your principle?

[c0mpumast3r]

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any other inputs?

[jackdi]

any other inputs?

Naa ma'y daghan inputs Sir.
...pero na-distribute man sa ubang IMG threads.

[the_guardian]

OT:
IMG pod ka Sir noh?
If yes, pwerting daghana na jud og thread sa IMG diri sa iStorya!

korek ka dyan!

bitaw daghan kaayo'g gipang post diri nga taga IMG...but have they really put into actions what they have said in here?...ang uban magpa-ala robert kiosk, ang uban magpa-ala bo sanchez...ada! kung buot huna2x-un sila ray nadato kay sige tag-pamalit ug ilang mga articles...

sa ako lang sa logic ra gyud dapat gamiton anang kwarta...kung kahibaw ka mo kupot ana or kung kahibaw ka asa na nimo ebutang...modaghan ra jud na...naara na nimo...

OT: no hard feelings to the thread starter ha?

[Metz]

korek ka dyan!

bitaw daghan kaayo'g gipang post diri nga taga IMG...but have they really put into actions what they have said in here?...ang uban magpa-ala robert kiosk, ang uban magpa-ala bo sanchez...ada! kung buot huna2x-un sila ray nadato kay sige tag-pamalit ug ilang mga articles...

sa ako lang sa logic ra gyud dapat gamiton anang kwarta...kung kahibaw ka mo kupot ana or kung kahibaw ka asa na nimo ebutang...modaghan ra jud na...naara na nimo...

OT: no hard feelings to the thread starter ha?

of course bai.
unsa amo gipangsulti amo sad na gibuhat. lisod sad kaayo mo advice mi sa tao nga mo invest ug mo save nya kami mismo wa gabuhat ana.
if you talk to me or anyone nga nagdugay na, naa jud na sila mapakita.

as for what you call logic bai, daghan ga apply ana ron. unfortunately most of them dili effective ilang gi apply kay kinara-an pa nga style pag save, limited ra kaayo sa banko. Gikan pa sa ilang mga lolo ang ila gipractice but times have changed. And correct financial planning is not limited to saving alone.

if effective kaayo mag rely lang on logic, gamay ra unta pobre sa Pilipinas ron.

[makie]

korek ka dyan!

bitaw daghan kaayo'g gipang post diri nga taga IMG...but have they really put into actions what they have said in here?...ang uban magpa-ala robert kiosk, ang uban magpa-ala bo sanchez...ada! kung buot huna2x-un sila ray nadato kay sige tag-pamalit ug ilang mga articles...

sa ako lang sa logic ra gyud dapat gamiton anang kwarta...kung kahibaw ka mo kupot ana or kung kahibaw ka asa na nimo ebutang...modaghan ra jud na...naara na nimo...

OT: no hard feelings to the thread starter ha?

What are being presented in IMG are the hard facts about the perception of people towards finances and money and what the attitudes of financially successful people are. These principles are what Robert Kiyosaki and Bo Sanchez are living up to hence it's no surprise that people from IMG might sound like these people.

"But have they really put into actions what they have said here?" - We really couldn't tell but as far as the information that IMG has shared, who wouldn't put it into action? IMG has changed a lot of people's perception towards finances for the good.

We all have different principles towards finances and money but it's not guaranteed that it is efficient enough to make it grow. IMG is one way that could help whether we do the business or not. The information is great enough. Other than that, we could learn from what successful people did and invest in knowledge by reading books or gathering inputs from the internet. There are just a lot of things out there and our confined knowledge isn't enough, we need others to push us up.

[c0mpumast3r]

Naa ma'y daghan inputs Sir.
...pero na-distribute man sa ubang IMG threads.

korek ka dyan!

bitaw daghan kaayo'g gipang post diri nga taga IMG...but have they really put into actions what they have said in here?...ang uban magpa-ala robert kiosk, ang uban magpa-ala bo sanchez...ada! kung buot huna2x-un sila ray nadato kay sige tag-pamalit ug ilang mga articles...

sa ako lang sa logic ra gyud dapat gamiton anang kwarta...kung kahibaw ka mo kupot ana or kung kahibaw ka asa na nimo ebutang...modaghan ra jud na...naara na nimo...

OT: no hard feelings to the thread starter ha?

Thanks for your inputs guys. I understand your point.
All I can say is that, there are times learning can't only be achieved by what we read, what we hear and what we think, true learning are sometimes achieved if it was done.

And I guess the choices are clear: If you want to be rich; think, breathe and act like the rich (no wonder we act like Warren Buffet, Robert Kiyosaki or Bo Sanchez sometimes).

If you want to be somebody else: Think, Breathe, and Act like them. And if you do that, you'll be like them someday.

-- This is what I learned in IMG and I hope that helps.

[lorenzoleo]

korek ka dyan!

bitaw daghan kaayo'g gipang post diri nga taga IMG...but have they really put into actions what they have said in here?...ang uban magpa-ala robert kiosk, ang uban magpa-ala bo sanchez...ada! kung buot huna2x-un sila ray nadato kay sige tag-pamalit ug ilang mga articles...

sa ako lang sa logic ra gyud dapat gamiton anang kwarta...kung kahibaw ka mo kupot ana or kung kahibaw ka asa na nimo ebutang...modaghan ra jud na...naara na nimo...

OT: no hard feelings to the thread starter ha?

I put to actions on what I have share. T_T! You can ask those people who knew me. Daghan sila diri.

If you just invest Php 3K per month in mutual Funds consistent for 2.5 years(In my case I started 2008 ), given the current economic trend, naa na around ang value mga Php300k. How much more if I have invested Php 16,000 per month? Millions na guru unta karon? Given Php7/share 2008, today already Php20/share. Do some math.

Sample lang, in my case, I'm currently 24 years old.

2.5 years save in bank Php 10,000/month, karon Php 300,000.
2.5 year invest in mutual funds Php 3,000/month, Karon mga Php 250K+ na.
2.5 years Kaiser Php2K / month, (Long term pa ni)

Kung ako na padayonon bai, tagai lag chance mga 5 years pa, imposible dili ka maka millions sa assets nimu. Reality ni ato hisgotan. Big feat comes from small accumulated actions. ALways have a futuristic mindset.

"When there is no vision, people perish."

How to know how much networth you should have, given at your age bracket:

Networth = Age x (Pre tax Annual Income)/10

if you are above or within the answer, you are already wealthy at your current age bracket.

Sample : Networth = 24 x (240K)/10 = Php576,000, So If you are age 24 then you have Annual Pre tax of Php 240,000, you should have already accumulated around Php576,000 of networth.

My sources of income streams : Salary 20K , IMG business average Php5K/month (Active and passive income).

Imagine If i can build more source of income(build multiple teams), then I manage it shown what I have stated above, impossible dili ka ma millionaire. More sources of income means, more savings and more funds to invest into MF.

This are the things that I have learned from IMG 2.5 years ago, but the questions is, are you willing to pay the price? willing to pay in full? willing to pay in advance? Without IMG guidance, wala koy plano ako kwarta, hurut jud na guaranteed. Bisan wala pa kaayo ni work ako business sa IMG pero coachable lang ko sa mga RFP, how about kung mu work ni puhon? then ang kita nako i re invest sa MF?

Are you willing to live below your means? live simply? These things are very easy to say and to read but hard to do. You can never start something unless you have tried to step your first foot forward. Try it, nothing to lose, you only lose your time if you have started too late.

[b@r3f00t]

nice suggestions

[wealthyhead]

I agree

.... remember.... it is the " LOVE OF MONEY " who is the root of all evil.... to make a long
story short..... everybody needs money in order to live a decent, comfortable, giving life...

[lorenzoleo]

Most companies today that grown alot and become successful didn't use bookish management style, but the management is based on COMMON SENSE and people oriented management concept. Most of these companies that become so successful, converts complicated concepts into a very simple concept.

Just follow a very very simple system and the system will run your business, all you need is to become more coachable and thinking outside the box.