Financial Literacy Corner

Discussion in 'Your own Group/Club Section Request' started by yourAdvisor, Mar 26, 2012.

?

How do you cope up with the current Financial Crisis?

  1. Work harder & harder.

    0 vote(s)
    0.0%
  2. Look for a better job.

    20.0%
  3. Come up with a Budget plan and follow it religiously

    80.0%
  4. Demand for a better compensation

    0 vote(s)
    0.0%
  1. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Tricks and Tips on how to achieve Financial Wellness.

    Lets brainstorm ideas unsaon nato maka survive sa mga financial crisis and with the inevitable situations nga maka jeopardize sa atong mga dreams and desires for our loved ones.
     
    SignWorld likes this.
  2. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Tip:

    Have A RIGHT Attitude about LOAN/DEBT.
    You must see LOAN/DEBT for what it is: It is a TRAP - Plain and Simple.
    It is a NICE technique to kill your future.

    THerefore, likayi ang mag avail sa SSS Loan, Pag-ibig Loan, Car Loan, ATM Collateral Loan etc...
     
    SignWorld likes this.
  3. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Naga struggle kaba kay ang imo sweldo almost nahurot na adto sa mga deductions sa imong mga LOANS? There are many scenarios na pwede mahitabo sooner or later the most probable would be:

    1. You will end up BANKRUPT (Deeply in DEBT) - if magpadayon ka sa imong kalaki.
    2. Your life will be VERY STRESSFUL - mahurot imo kusog ug panahon paningkamot ug apas sa mga pending obligations. There will be no more quality time left para sa imo pamilya. That would be a pitiful situation.
    3. You will GET OUT from it - if you will adjust sa imo lifestyle e.g.
    • kung nag sweldo ka ug 300 / day - live as if you only earn 50 or 100 a day and consistently, ibayad jud ang difference sa imong loan.
    • Kasilagi usa tanan LOAN offers (ma SSS/PAG-IBIG/GSIS/COOP/etc...) - it is the Highway to bankruptcy for the average and financially illiterate.
    • Adhere ani nga principle "EARN more and DESIRE less"
    • Find and consult a Financial Advisor how can you create an MSI.
     
    SignWorld likes this.
  4. jonz

    jonz Lieutenant ★

    Joined:
    Feb 23, 2012
    Messages:
    62
    Likes Received:
    18
    Trophy Points:
    18
    Gender:
    Male

    ang kwarta mura na cya ug amigo.. tarungon nmo ug dala ky kung dili nmo tarungon mo palayo na..
     
    yourAdvisor and SignWorld like this.
  5. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Ture Jonz. May additional lang ko:

    Ang kwarta if tugutan nimo mahimong boss sa ato kinabohi - a BOSSY & DEMANDING boss or it could be a Workaholic & FAITHFUL Servant.
     
    SignWorld likes this.
  6. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    The power of compounding is one of the forces that can Make or Break you Financially. Its your Financial actions and decisions today that will steer that "power" which way it should go - whether to financially MAKE or BREAK you. Sad to see that Filipino norms and culture is suggesting to choose the way that BREAKS everyone financially.

    Try nato RE-SURVEY. Which one would you choose? suppose imo sweldo is 15,000.00 Monthly.
    A. - The most affordable Car Loan ever - zero down payment with 2,500.00 monthly amortization of the 300,000 Principal at 10% per annum interest diminishing.
    B. - An Equity Fund Linked paper instrument (policy) of 2,500.00 monthly for 10 years that earns an average of 10% per annum.

    Kinsay mo GO sa :
    A ?=
    B ?=
     
    SignWorld likes this.
  7. jonz

    jonz Lieutenant ★

    Joined:
    Feb 23, 2012
    Messages:
    62
    Likes Received:
    18
    Trophy Points:
    18
    Gender:
    Male

    and partly its not really the how to make that certain amount.. its the "why"
     
    SignWorld likes this.
  8. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    And unsa ang you think pinaka NOBLE "Why" jonz ? Would you mind to share para pod ma giyahan pod ta :)
     
    SignWorld likes this.
  9. Arnelbantz

    Arnelbantz Lieutenant ★

    Joined:
    Feb 3, 2012
    Messages:
    273
    Likes Received:
    22
    Trophy Points:
    28
    Gender:
    Male

    go Advisor idol.. hehehe tama bitaw ka... likayan gud magloan.. pero advisor ok lng ba magloan kung may ara pud paad2an ang imuha di loan for example mag business or iwasan gyud magloan??.. ang kalain lng advisor bah ako man gud dali lng ko maluoy sa mga tao na kinahanlan og kwarta.. tapus sa ending dili na cla mamayad.. unsa maau buhaton ad?? dili nlng ko magtiwala sa tao dayun?? damu naman gud nkahulam sa akua
     
    SignWorld likes this.
  10. jonz

    jonz Lieutenant ★

    Joined:
    Feb 23, 2012
    Messages:
    62
    Likes Received:
    18
    Trophy Points:
    18
    Gender:
    Male

    akong akong buot ipasabot ky ang rason ngano ng buhat ka sa butang.... naay mga tao nga grbi na ka uswag sa ilang kinabuhi, dili na sila kabalo unsaon pg gamit ilang kwarta mao hinungdan ng adik2x, namabay, ng sugal....

    the "why" will propell the "how" (how is both short term and long term goals in life) ug pina ka importante ang giya sa kahitas-an
     
    SignWorld likes this.
  11. jonz

    jonz Lieutenant ★

    Joined:
    Feb 23, 2012
    Messages:
    62
    Likes Received:
    18
    Trophy Points:
    18
    Gender:
    Male

    @arnelbantz
    ok rmn mg loan ka sir.. kwentaha lang ang rason nganong mg load ka sa usa ka butang.. for example, mg loan ka ug auto(think the pros/cons) you write everything in column left/rigt. pros/cons kung naay auto ug pros/cons kung naay auto.. kna ma timbang2x na nimo kng unsaon nmo, mka tabang na unsaon nmo pg desisyon..

    kung mg load ka para mg negosyo.. kna maoy mas maau
     
    SignWorld likes this.
  12. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Technically, dunay duha klase ka DEBTS (1. Good Debt 2. Bad Debt)

    Arnel mao lang ni basehe :) - Take only a LOAN iff:
    1. The SURE passive income (monthly) created with that LOAN until paid off is always GREATER than the Amortizations (monthly) that you are going to pay. i.e. (Principal+Total Interest to be Paid)/terms = amortization < Passive income.

    Ps - Regarding sa imo concerns sa mga nanginahanglan ug tabang - Personally, my objective is maging channel of blessing sa uban mao I need to build my Finances para deli ko limitado sa ako help if I see a need and I am moved to help.
     
    SignWorld likes this.
  13. jonz

    jonz Lieutenant ★

    Joined:
    Feb 23, 2012
    Messages:
    62
    Likes Received:
    18
    Trophy Points:
    18
    Gender:
    Male

    bsta utang for expenses.. dili dydna maau
     
    SignWorld likes this.
  14. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    supposedly Jonz pero mao na gina praktis sa mga kadaghanan mao kung out of control na, imagina nalang unsa life sa magsweldo ug 25,000.00 ang bulan mo net nalang ug 2,500 per kinsena.

    kY tanan tua ra naadto sa SSS LOAN/Pagibig Loan/ Salary Loan / Coop Loan/Emergency Loan... + TAXes and SSS/PAG-IBIG/PHILHEALTH Deductions.
     
    SignWorld likes this.
  15. jonz

    jonz Lieutenant ★

    Joined:
    Feb 23, 2012
    Messages:
    62
    Likes Received:
    18
    Trophy Points:
    18
    Gender:
    Male

    @youradvisor
    and the people blame the government? what d.... its like saying a person spends more than he earns. mao ny sayop nga lisud kau sulbaron
    tungod na sa mental blue print sa kadaghanan nato
     
    SignWorld likes this.
  16. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Korek Jonz - To be exact the "FINANCIAL BLUE PRINT" and the "ATTITUDE towards MONEY" mao ang culprit.
     
    SignWorld likes this.
  17. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    I hope daghan ma enlighten ani nga thread.

    Mao I encourage every one share pod mo sa inyo mga maayong tambag dre or success story. Be a blessing sa uban :) hehe
     
    SignWorld likes this.
  18. jonz

    jonz Lieutenant ★

    Joined:
    Feb 23, 2012
    Messages:
    62
    Likes Received:
    18
    Trophy Points:
    18
    Gender:
    Male

    @youradvisor
    its not just financial blueprint.. its everything.. the way a person spends money gkan na sa iyang pgka bata sa iyang mga nakita ug nadungog.. wala na filter ang mga impormasyun nga sayop.. mao g sunod..

    one exampls nga dili lang na cya financial blue print

    naay bata nga babae mga edad 4-6, ask cya money sa iyang mama, ang mama cge ingun "wakoy money adto sa imong papa"
    unconsciously, ni pilit sa alimpatakan sa bata nga ang babae wala kwarta lalaki ry naa. samtang ng dako cya apektado iyang
    pagsabot sa word nga "success" ky lagi babae cya

    these blue prints are the unconscious thoughts in our mind wala nato panumbalinga pero naa ra sa atong pang huna2x
    it will affect the way we plan our life para sa hamtong nga kaugmaon
     
    SignWorld and yourAdvisor like this.
  19. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Well thats right jonz. Another aspect nga inherent also is - as far as I can observe : mas automatic sa kadaghanan ang mo avail ug LOANS than to avail a SAVINGS Program. mao ma observe sa mga kabataan nga ila parents dependent sa LOAN release, sila pod sundog pod pag makasweldo na.
     
    SignWorld likes this.
  20. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Well, unsay inyo ma share sa inyo investment MIX?
    Ideally ang akoa is 70% on conservative instruments i.e. BONDS & Securities while 30% on Aggressive like STOCKS.
     
    SignWorld likes this.
  21. Arnelbantz

    Arnelbantz Lieutenant ★

    Joined:
    Feb 3, 2012
    Messages:
    273
    Likes Received:
    22
    Trophy Points:
    28
    Gender:
    Male

    nice lagi na thread hehehe Sir Jonz and Sir adv txn sa mga advise.. i follow this thread everyday.. sir Adv ano pala work u?? pm nlng me.. hehehe
     
    SignWorld likes this.
  22. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Want to share this for you to play with. This worksheet will try to paint your Financial picture and the life of your family in the future based on your initial decisions. Just try to be honest in filling up the values in YELLOW cells. :) Download here.
     
    SignWorld likes this.
  23. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    The condition of the current financial playing field we are in is tougher than ever for:
    1. Salary rate increases around 2.5% more or less a year.
    2. Commodity prices rise around 5.0% at least a year (8% during the 2008 recession).
    3. Education cost doubles every 5 years.
    4. The probability of an individual of getting Critical illnesses is getting higher.

    These are just a few of the conditions we are facing. Bottom line at the end, only those who are Financially educated and do their homework consistently will emerged a winner.
     
    SignWorld likes this.
  24. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Investing is about taking RISK (calculated) for a potential GAIN - Afraid to risk means totally loosing the opportunity to GAIN. As RK said - financial losers are those people who are afraid of experiencing financial loss.
     
    SignWorld likes this.
  25. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    You cannot sit and wait for somebody else to give to you that Golden dreams you have - You GOT to get out and do something to make it happen!
     
    SignWorld likes this.
  26. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Broke People – Stop Giving Me Financial Advice!


    We’ve all heard it before: admonishments from broke (or soon-to-be broke) people telling us how we should spend OUR money. How often have you heard some variation of the following: “Don’t buy this kind of car; you should at least be driving that,” “You should live in this kind of house,” “Why don’t you go here for vacation?” The list goes on. My personal finance journey has lead me to keep others’ opinions out of my wallet. Here are 4 reasons to not allow broke people to influence your financial decisions.


    They Don’t See Risks That You See
    One of the biggest personal changes for us has been our decreased risk tolerance with respect to money management. First, illusions of security dissipated. For example, if you are in a traditional job, no amount of education or experience can guarantee you won’t be dismissed the following day. You’re constantly interviewing for your job. Of course, this awareness naturally leads one to not only work harder but also look for additional sources of income. Also, we could see how even relatively small missteps could derail future plans, so we began to value a fully-funded emergency fund above jet-setting, keeping up appearances, or owning the latest toy. Essentially, our awareness of our precarious positions changed. It’s hard to unring this bell. Believe me, the burden of enlightenment can reduce frivolous spending like nothing else.


    Tell the opinionated broke person: “Forgive me if I don’t spend like I have never known a care in the world. My awakening didn’t occur overnight, and I don’t expect for you to understand. I do ask that you respect that perhaps I have a better appreciation of the threats to my own financial solvency, comfort, and independence than you.”


    Related Article: Broke People Afford Everything!
    You Have Plans That They Don’t Realize


    I rarely discuss (a.k.a. really high goals). When I do, the conversations are typically with people who can offer some insights into achieving them. Opinions are like noses. Everyone has them, and most have two holes in them. That’s completely fine. However, achievers know that it can be counterproductive to explain stretch goals with those who are incapable of adding to them or even being encouraging.
    Some people just don’t seem to have a positive bone in their bodies. I don’t know if I will forget telling someone career plans only to be told, you can’t do that. “certainly, not you!” To add insult to injury, that person then proceeded to convince my family of the same thing. It was a VERY negative experience for me. It’s a good thing that I don’t base my career ambitions on what others think.
    After that point, whenever I get inquiries about my next step before I am ready, I merely remind myself that everyone connected to me is not on my team. They may ultimately be a part of the process. However, while I am developing and refining my priorities, they shouldn’t be offended if they’re not consulted.
    Tell the opinionated broke person: “I qualify people for access. Thanks for your concern, and I mean no offense, but don’t worry about my next step. Once it is time, I will announce it.”


    You Have the Same Amount of Disdain for Their Lifestyle as They Have for Yours
    A Mercedes with a payment prompts my pity rather than envy. However, if you have a paid-for home, I will likely sing your praises. This again speaks to personal priorities.
    I think there is an assumption by people who don’t control their spending that frugal people must not know how much fun it is to be them. What some spendthrifts fail to realize is that frugal people derive pleasure from different things. For example, most millionaires are frugal. When Thomas Stanley looked at the lifestyle activities of millionaires in the past 30 days, he found that 93% socialized with their children or grandchildren, 88% entertained close friends, 86% planned investments, 78% studied investment opportunities, and 67% took photographs. Those were their top six leisurely activities. If you are wondering where shopping at Saks Fifth Avenue ranked, that was a not so prominent number 20 (26%). You get the picture: there’s a clear trend for millionaires, most of whom are frugal, to spend time on activities that cost little to no money.
    Simply put, I find some of the lifestyles of some broke people1 reckless, particularly those with strong opinions about how we I spent the way they spent, it would literally cause me pain. I should spend our money. Thus, the reason they don’t sense my admiration of their lifestyles is because there is none. In fact, if think they are squandering resources, yet I say nothing directly unless invited. After all, I don’t want to be “that” person. However, I am always looking for an open door to discuss THEIR finances so that I can stop them from doing what I perceive to be mistakes. Judgement is a two-way street, but at least I am quiet about it.
    Tell the opinionated broke person: “I don’t share my judgements with you, please politely keep yours to yourself too.”


    You Are Not Controlled by Your Possessions
    You have ZERO idea what I have. All you do is presume to know, which is fine by me. My possessions don’t dictate my life. Materialism is when “things have you” instead of “you having things.” It is particularly dangerous to be owned by conspicuous consumption. We don’t want to confine our lives to what labels we have on or makes of vehicles we drive. Personally, I prefer to be unassuming and unpretentious, especially compared with being perceived as “big hat, no cattle.” For example, I wonder how many people drive expensive European imports yet are part of the 42% living paycheck to paycheck. I am likewise curious how many people go on fabulous vacations but are part of the 75% of Americans that are 3 paychecks away from bankruptcy.
    Don’t get me wrong, I have no problem with nice stuff and experiences. I also have no ill-will for those living by a different philosophy, except when their burdens becomes societies burdens. However, financial independence is a much more laudable objective to us than any thrills I would derive from purchasing pretty much anything. We have the endgame in mind. That’s what occupies our interests and passions.


    Tell the opinionated broke person: “Stuff is nice. Financial independence is better.”


    Closing Thoughts


    To frugal people, the opinions of broke people about what they have, don’t have, or how they spend should be immaterial. It is NOT an issue of love of lack of reverence for the relationships. However,it is time to act like grown ups. Don’t be controlled by a herd mentality. That’s so elementary school. Therefore, so what, if you don’t fancy spending $100 per month on a cell phone plan. You know what, you’ll survive. Don’t bow down to pressure, even if it is from a loved one. Whatever bow down to keep, you will likely eventually lose anyway. Don’t apologize for being you. Agree to disagree and prosper!


    This is an Email Article from WATSON Inc. I believe it is worth sharing for anyone desired financial independence.


    Enjoy!


    http://about.me/yourAdvisor
    +63923 833 7691
    My business is for YOUR Financial Success!
     
    SignWorld likes this.
  27. SignWorld

    SignWorld Lieutenant ★

    Joined:
    Apr 9, 2012
    Messages:
    430
    Likes Received:
    11
    Trophy Points:
    28
    Gender:
    Male

    nc topic nito

    pwede ka maging professor para sa Accountacy hahahah


    joke lang

    well done and keep up the good work
     
  28. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Word for THOUGHT:

    Sugot man ta or dili, tanan kita kasali sa MONEY GAME throughout our lifetime. What now? will you strive to learn the GAME and know the RULES to play for a WIN or just play it clueless and accept LOSS in every game?
     
  29. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Over our Lifetime, statistically at least 35% of our total (after Tax) earning (whether in business/investment or salary) will go to other TAXES, Interests, fees & penalties. If you can work for example 35years at 15,000.00 per month net pay, you will loose 2,205,000.00 of your 6.3 Million total earnings. Therefore, it make sense if you can find an investment that exempt you from Gain Tax, Estate Tax, Protected from creditors' suits and claims :).
     
  30. yourAdvisor

    yourAdvisor Lieutenant ★

    Joined:
    Feb 18, 2012
    Messages:
    87
    Likes Received:
    23
    Trophy Points:
    18
    Gender:
    Male

    Unsay naa sa kadaghanan? When it comes to Finances, mas daghan man ang LOSERS kaysa WINNERS?

    If you are going to ask yourself which side you are right now, can you think why YOU are on that side?

    Bisag asa man ta nga side karon, our "Right & Reasonable" reasoning & thinking put & keep us there : For there is NO wrong thinking - whether you think either "you can" or "you cant" you are both right with respect to your own belief.
     
RELATED TOPICS:

Share This Page

General Santos City Online Classifieds. ©2006 - 2018