DO YOU LIKE MONEY TO WORK FOR YOU?

Most people go to school/university to learn how to work for money (get a job), but never spend time to learn how to let money work for them (how to become the boss of money which is more important). If we work hard for the money, we should also make sure money will work hard for us. When money is working for you, it's great because...

Money doesn't get sick
Money doesn't stop working
Money doesn't complain
Money doesn't go on vacation
It works 24 hours a day
It works even on holidays
It's very loyal to the boss(you)

The only problem is it doesn't work if you don't have any SAVINGS!

Copyright: International Marketing Group

THE COMPLETE FINANCIAL PLAN

In our lives, we are faced with two basic questions regarding our existence.

Question no. 1

WHAT IF I DIE TOO SOON? Who will take care of my family?

SOLUTION: Life Insurance


Question no. 2

WHAT IF I LIVE TOO LONG? Who will take care of myself?

SOLUTION: Investment & Long-term Healthcare


3 MAJOR FINANCIAL NEEDS (to complete your financial picture):

1. INVESTMENT - to generate continuing income for you when you retire (Money Working For You)

2. INCOME PROTECTION/LIFE INSURANCE - to protect your family if you die too soon - life insurance protection can help you replace your income, help finance your children's education, pay estate tax, pay debts, etc.

3. HEALTHCARE - to provide you healthcare when you retire (or when you stop working). How comfortable is your healthcare situation after age 60, depends on a decision you make today.


Healthcare Crisis:

- Medical cost doubles every 5-7 years.
- A lot of sick people die not because there is no medicine but because of no money.
- Majority of Filipinos do not save money for their future healthcare needs.
- You cannot bring with you the healthcare benefits provided by your company when you retire or resign.
- No traditional healthcare company covers ages 61 and up.
- Most people rely on their children, or sell properties, or borrow money for their medical needs during retirement.
- Majority of Personal Bankruptcy is due to Medical Crisis.

My friends, what if I could tell you about a product that provides complete solution to your 3 major financial needs? A company that provides total solution to your Healthcare, Investment & Insurance needs. A three in one product!

Send your emails to: grow_your_money@rocketmail.com

Protect your future today!

May your dreams come true!

Josh

Life Insurance and Investment

I AM YOUR LIFE INSURANCE POLICY.

You and I have similar purpose in this world.

It is your job to provide food, clothing, shelter, schooling, medicine and other things for your loved ones. You do this while I lie in your safe deposit box.

I have faith and trust in you. Out of your earnings will come the cost of my upkeep. At times, I may appear insignificant to you - but someday (and who knows when) you and I will change place.

When you are laid to rest, I will come alive and do your job. I may provide food,clothing, shelter, schooling, medicine, and other things your family will continue to need - just as you are doing now. When your work and labor are done, mine will begin. Through me, your hands can carry on.

Whenever you feel the price you're paying for my upkeep is burdensome, remember that I can do more for you and your family than you will ever do for me.

If you do your part, I will do mine.

Sincerely yours,

Your life insurance policy



Life Insurance - When Filipinos hear these words, negative thoughts always comes flooding the minds of most Filipinos. Life insurance? What is it? I don't need it. Life insurance companies are only enriching themselves. I don't need life insurance. My salary is enough. My savings in the bank is enough. But is it really enough? How can we exactly determine how much life insurance an individual must have?

According to the experts, the formula for determining how much protection or insurance a person needs is: Annual Income x 10 = Protection(Insurance)

So, for example, if you're annual income is 240,000 (20,000/month), then 240,000 x 10 =2.4M. If you have 2.4M, then your family is protected. Why? Because if the family you left behind invests that 2.4M in an investment vehicle that yields a 10% interest rate per year, that investment will be earning 240,000 per year or 20,000/month, in interest. So the family you left behind is still earning the same amount you have been earning when you were still alive. Get the point? If you love your family, you have to protect them. You have to make sure that they won't struggle when you are gone. If you have a new car, would you not insure it? Of course, you will. Which is more important then, your life or your car?

Your next question may be, "Where will I get that 2.4M?" The answer is simple. Insurance. Get a policy that will give you that amount in the event that you die. What insurance company? There are lots of insurance companies out there that offers good protection and the question remaining is, "Is that company financially stable and well-managed?" That's where our financial education sessions come into the picture.

Through our financial education sessions, we teach you the best ways to invest and grow your money in a proper way including teaching you which investment and insurance companies are good to put your money in.

If you want to attend our free financial education sessions, send your email to: grow_your_money@rocketmail.com

May you grow financially,

Josh

Fundamentals Of Financial Planning

The world is changing fast. It wasn't all that many years ago that with a little hard work and careful budgeting, most families could realize their dreams of buying their own home, sending their children to college or retiring in relative comfort.

But in the blink of a generation, the financial landscape changed dramatically for today's families, who face an uphill battle to realize even one of those dreams. Skyrocketing costs, mountains of debt and lack of savings have forced families to downsize or even eliminate their dreams-to settle for far less than their counterparts a quarter of a century ago.

Each month, families find themselves walking a financial tightrope, hoping to stretch their resources just far enough to cover expenses and to avoid that one false step-a pink slip or a medical crisis-that could send them plummeting into ruin.

Not many years ago a parent can raise 10 children. Now the 10 children cannot raise a parent. Today, a couple, both working can hardly raise 2 or 3 kids.

But it doesn't have to be this way. You shouldn't have to compromise your dreams. Taking a practical approach to finances, one that incorporates powerful financial concepts and programs to provide you with the information and tools needed to make smart choices, is what you really need.

There is a need for widespread financial education. People want to know how money works and how they can make it work for them.
But how do people gain this knowledge?
Schools rarely teach it.
Families hardly talk about it.
Unfortunately, unless people understand the power of money, they can't put it to work for them.

Fortunately, there is an institution here in the Philippines that teaches all these things for free. Things necessary to make a proper financial planning that will eventually bring you to financial independence that you and your family deserve to enjoy.
Send your inquiries to: grow_your_money@rocketmail.com

Leave your comments here and be sure to check-out my next post on this site.

Live your dreams!

Josh Banate

THE VALUE OF SAVING THOSE SMALL CHANGE

Many people think that the only way to earn big in savings, you have to save big! Have you tried saving a considerable amount in the bank? How much interest did you earn? Let me tell you this. I have a P500K (Five hundred thousand pesos) time-deposited in one of the leading banks here in the Philippines. Do you want to know how much interest I earn per annum? 2%! That's not a typo and you're not hallucinating. It's two percent! It's like I'm earning P700 per month for my P500 thousand savings. Do you think If I keep on saving like that, I will retire financially secure? I don't have to answer that. It's obvious. We'll maybe if I have millions in that same account, then it's another story. But I don't have millions. Many of us don't have millions to save. Even having a hundred thousand in savings is not easy for most of us. So you maybe asking, what's my point? My point is, is that you actually don't need to save tens or hundreds of thousands or even millions to be able to earn big. The secret is in continuously saving. Even at small amounts. Did you know that if you save at least P34 per day (that's nothing compared to what you spend in your coffee), in 35 years you will have P5.8 million! And that's just for P34 per day! I can easily save more than that. But how do you do it? Getting this P5.8 million out of saving P34 per day? Attend our Free Financial Education classes and you will be taught how to squeeze the most out of your savings. You will be taught how to get out of poverty, how to prepare yourself to a happy retirement with millions in your account. God bless you and may your dreams come true!

If you want to attend FREE Financial Education classes, e-mail: grow_your_money@rocketmail.com or hornetsnest29@yahoo.com for details.

Why It Is Good To Invest

Do you ever dream of becoming financially independent one day? What is financial independence? Financial independence is when you don't anymore rely on your work for your financial needs. It is when you are not working for the money, but, the money works for you instead. How do you achieve this? Through investments. Investments in a business venture or investment in paper assets (i.e. Mutual Funds, Bonds, Stocks, etc.) A successful investment in any of these two or a combination of these two can surely bring you financial independence. Of these two, paper asset is the easier one. why? Because for a small amount of money, you can start investing and you don't have to spend much of your time looking after it. How much do you need to invest? I've met a lot of people who said that investing is only for the rich. No wonder why there is only a few percentage of the 90 million Filipinos who are rich because of that wrong mentality. They would not have that kind of mindset if they were only properly financially educated. It is this lack of financial education that is the root-cause of this ignorance. In one of the Financial Education session I have attended, I learned that in the United States, 95% of the savings goes to investments and only 5% goes to the bank. In the Philippines, it is the exact opposite! 95% of the Filipinos' savings are in the banks and only 5% are invested. Now you know why in the Philippines, the rich gets richer and poor gets poorer. Low financial IQ. The truth of the matter is that, you don't have to be rich to start investing! In the case of Mutual Funds, you need only P5000 to open an account in one of the Philippines top mutual fund company and then for the succeeding months, you can put in as low as P1000/month. For how long? It depends on how much do you want to have. Do you know that if you have the discipline to save at least P1000/month and then invest it in a mutual fund that gives you a 12% interest rate per annum, you will have P5,813,557 in 35 years? You might say, "That's too long!" Well then, try putting that same amount in the bank for 35 years, do you think you'll get the same amount? We're only talking of P1000/month or P34/day! What if you can save more than that? If you stop drinking that very expensive coffee, if you stop that habit of buying unnecessary items, I'm sure you can save more than P34/day. Sacrifice just a bit, and you will reap your abundant reward. But be on guard against SCAMS! Before investing, be FINANCIALLY EDUCATED first! There are risks in investments. But when you are financially educated, you can easily manage these risks and come out successful in the end. My friend, know that there is no shortcut to financial independence. Growing your money is not an overnight phenomenon. It took Henry Sy about 50 years to bring SM to where it is today. Money takes time to grow. That is why, the earlier you start saving/investing, the less money you need to invest but the more you will gain. The earlier you achieve financial independence, the earlier you can retire and start enjoying life to the fullest!

Be blessed so you can bless others too!

Josh

P.S.
We are regularly conducting FREE Financial Education sessions. If you wish to attend, and I strongly advice that you attend (it is for FREE and no one else is doing it), send your email and your contact details to: grow_your_money@rocketmail.com or SMS me at 09196227997. Learn how to start your own business (this is not NETWORKING!) for as little as P4000. Yes, just a P4000 capital and you don't have to leave your present job.

A MISCONCEPTION ON SAVINGS (THE WRONG WAY OF SAVING:putting your money in your piggy bank)

When I was around 5 years old, banana cue (fried banana on a stick), my favorite snack food on stick, was priced at around 50 centavos per stick, with 3 bananas on a stick. That was 29 years ago. Now, a banana cue stick, with 3 bananas on a stick, costs P12. That's an increase in price of 2400% or an increase in the price of the banana cue by 83% per year, or a depreciation in
the value of the Peso by 83% a year, when it comes to the price of the banana cue. So, if I had saved my 50 centavos 29 years ago, when I was 5 years old, so I will be able to buy a banana cue 29 years after, I would be in the greatest shock of my life. How on earth could I buy a banana cue right now with 50 centavos? Now, let's stop talking about banana cue. Let's look at the economic condition of our country. But first let me ask you a question. What is inflation? If you ask those so-called economic experts, chances are, they will provide you with technical answers. Something that you cannot easily grasp, especially if you have been sleeping in your Economics Class back when you were in school. Simply put it, inflation is the increase in the value of the goods or products and services which results to the depreciation of the value of the Peso. The banana cue situation above is an example of inflation. Fortunately, generally speaking, the average inflation in the Philippine economy right now is only 6%. That means your Peso has gone down in value by 6%. If you have a hundred peso in your pocket, the actual value of that is not 100 pesos but only 94 pesos. If you keep that P100 in your piggy bank, let's say for 10 years with an average inflation of 6% per year, at the end of the 10th year, you open up your piggy bank, you'll still find your P100 there, safe and sound, but the sad thing is that, the value of that P100 is no longer P100 but P54. What if instead of 10 years, you keep your money for 20 years? 35 years? Get the point? Sad to say that there are lots of Filipinos who are in the same situation right now. Scared of putting their money into investments because of risks, they instead put their money into their own piggy bank accounts because having their money right under their noses give them emotional security. Not knowing that the economy itself is a big thief. It takes the value of your money from you without you knowing it! Those who have tens of millions of pesos or more may not feel the harsh effect of inflation in the buying power of their money.
But what about those who doesn't have millions of pesos? What about those ordinary employees trying to save for their retirements? Will they have enough when they retire? Well, maybe they will have enough, but only enough for their sustenance. They won't have extra to spend for vacations, trips, etc. For me that's a very sad, unfortunate thing to happen to a retiree. You have been working all your life so it's just fitting that when you retire, you should enjoy the fruits of your labor.

If you wish to attend FREE Financial Education Classes, email me at hornetsnest29@yahoo.com or SMS me on 09196227997 for details.

May God bless you and make your dreams come true!

Josh

Financial Education

What is Financial Education?
Throughout my entire school years, no teacher had ever taught me how to handle money the right way. How to save the proper way. All I was taught was how to become a good employee, how to become a good worker of somebody. I was taught properly on how to work for money, but never taught how to make money work for me. That is just what the rich people do. They don't work for the money. It's the money that's working for them. There are a lot of rich people who still work but they do so because they enjoy doing it. They can stop working anytime because they have their money working for them. What about the average Juan De La Cruz? Can he stop working anytime? Does he have enough money in the bank to survive the rest of his life if he stops working now? If you look around, you see a lot of retired persons relying on their children or their relatives for their sustenance. Why is that? During their younger years, they had enough. They never relied on someone else for their food. They had jobs, salaries to hold on to. But that's it. They had money only because of their jobs. But when they can no longer work, the cash cow stops giving them money. The sad thing is, even when you can no longer work for money, you will still need money. You will need money for your food, for your medications, etc., etc., etc. But where will the money come from? Now comes the age old Filipino tradition. Time for the children to return the favor. Time for the children to feed their parents. But most of the time, the children themselves can even hardly support themselves. Some even relies still on their old parents for their financial needs. When that is the case, what happens to the retired parent who no longer have an income to depend on? What if you are that parent? This my friends, is the subject of Financial Education. It educates you on the proper way of handling your finances, the right way to save your hard earned money so you will have enough, if not more than enough, to sustain you in your retired years. Let me share you something I have read from a book written by David E. Calhoun.

DO NOT LET THIS BE THE STORY OF YOUR LIFE!

Between the ages of 18 and 30, most people say, "I cannot save now. I am young and there is plenty of time. Wait until I start making a little more, then I will save."

Between the ages of 30 and 45, people say, "I cannot save now. I have a growing family on my hands. It takes all I make to keep them going. As soon as they are a little older it will cost less, then I will save."

Between the ages of 45 and 55, people say, "I cannot save now. I have three children in college. It is all I can do to pay their expenses. I cannot save a penny. Wait until they are out of college and on their own, then I can salt it away."

Between the ages of 55 and 65, people say, "I cannot save now. I know I should but things are not breaking like they should. It is not easy for a person of my age to step out and get a better job. Maybe something will break for me next year."

At the age of 65, people say, "I cannot save now. I am living with my son and his wife. My social security does not go very far. I wish I had been saving years ago, but I cannot save now. THERE IS NO INCOME.


Now my friend, what will be the story of your life?


If you wish to attend FREE Financial Education Classes, email me at hornetsnest29@yahoo.com or SMS me on 09196227997 for details.

May God bless you and make your dreams come true!

Josh

Securing Your Financial Future

I have worked in passenger/luxury ships for about 9 years. I have worked in an expedition ship for 9 months. Both kind of ships have one thing in common. They carry people who are having their vacations. Visiting places in different parts of the world. A lot of them, if not most of them, are in their retired years. My point is, how can these old, retired, jobless people afford all these luxuries? Where did they get all these money to pay for these? In Philippines, if you observe, a lot of old and retired people just have enough money to survive each month and a lot of them even doesn't have enough to sustain them every month. They rely on the financial assistance from their relatives. So, how did these people in the Western hemisphere do it? Where did they get all these money? In Philippines, if you look at the system from the point of view in a lot of families, the parents will try to give their children the best education that they can afford in the hope that someday, when these kids graduate from college, they will be able to find good jobs and be able to provide financial assistance to their parents when they retire and can no longer work. In short, it is normal practice in this country for parents to depend on their children for their financial future. In their younger years, they never did something to secure their financial future. I once heard someone say, "It is good to have a lot of children so you will have a lot of financial assistance when they grow up and you retire." Nonsense!!! Why do you put the responsibility of securing your financial future in the shoulders of your children? It is your financial future. It is yours to secure! Your children's responsibility is to secure their own financial future. That's what these Westerners do. They don't rely on their relatives for their financial security when they retire. They secure their own financial future. So, you might say, of course they can do it because they are better paid than their Filipino counterparts. Yes, they maybe. But that's not the point. The point is that most of these people are financially educated, and they have open minds when it comes to financial matters. In Philippines, we are also well-educated, academically, but not financially. What the Filipinos need, is proper financial education. It is a fundamental thing that one must learn to be able to know how to handle his financial affairs properly and be on the way to financial security or in other words, financial independence. There is just no other way. Financial success can be had through proper financial education.

If you wish to attend FREE Financial Education Classes, email me at hornetsnest29@yahoo.com or SMS me on 09196227997 for details.

May God bless you and make your dreams come true!

Josh

save now, not later

Most of us Filipinos doesn't really have the discipline to save. Most of the time you hear a person say, "I will save later when I get a better job or I get a better or higher salary than what I am receiving now." They always blame to their low income why they cannot save. But, it's not the income that is really the reason. The main culprit is not having the discipline to save. It doesn't matter how big your income is, if you don't have the discipline to save, then at the end of the day, you'll still end up not being able to save. Why? It's because people who don't have the discipline to save tend to increase their spending habits when their income increases. That's a fact. So, no matter how high their salaries are, they still have no savings at all. But, if there is discipline, then big or small salary, there will always be something saved. Anyway, why do you have to save? The answer is obvious. You are not going to work forever. Even if you want to, that is just not possible. What company will continue to hire a 66-year-old person? Let's say the law allows it. But will the company hire a 66-year-old man instead of a person in his/twenties? Let's accept it. That's the fact. YOU CANNOT KEEP ON WORKING FOREVER!!! And what happens then, when the time comes for you to stop? What if you don't have the money to survive your remaining years? What if you can only sustain yourself for five years but you will live for 15 or 20 more years? What will happen to you? Stay in the corner and wait for someone to hand you some change just so you can buy one piece of pan de sal and wait for more change just so you can buy a glass of drink? Friend, do you really want this to happen to YOU? You can actually prevent it from happening. And the time to do that is NOW! Not tomorrow, but NOW! Tomorrow, I will tell more about this very important duty for everyone. That is to: SAVE, SAVE, SAVE!

financially literate?

Are you financially literate? Do you handle your financial affairs the right way? Anyway, what's the proper way of handling your financial affairs? I'll be back to tell you more about it...