Are you the “Boss” of your money? Or do you tend to slip when it comes to personal finances?
In case your boss decides to fire you, will you be rattling on how to find another source of income? Or have you prepared for it just in case?
Are you working hard for your money? Or is your money working HARDER for you?
Discover your financial health today! Take the Colayco Foundation’s Financial Fitness Quiz to find out. Click the picture below to start taking the quiz!
Ariel, in Nang Magising si Juan last July 27, continues to believe that his real talent is in show business. He looks for ways and means to support his feeling and he joins the Chooks-to-go caravan. This is actually a good move on his part to understand his real passion. This is what we should all do to really discover if what we believe to be our capability is really true.
In joining the caravan, Ariel got himself into the groove of all the fun that Chooks-to-go caravan had to offer. He went to the extent of being personally involved in the activities, which was again very good to enlighten him. He was convinced that it was really his calling to be in the limelight and he made up his mind that he would be a good endorser of Chooks to go.
He thought he should resign from his job with Feeling Close with FJCshow and maybe even his job with PLDT. He went to me first to resign and tell me about his plans. I was surprised and kept asking him if he already had a signed contract. He was evasive and didn’t really confirm, but he was so sure he wanted to resign, so I accepted.
When Ariel went back to Chooks-to-go, he was shocked to learn that they already had a poster of their endorser. He didn’t even know!
Tomorrow, Aug 3 at 8am on GMA News TV, join Ariel again when he is seriously unable to pay his bills. On Nang Magising Si Juan, learn more about possible solutions especially regarding the mobile salary option of Land Bank.
Catch Nang Magising si Juan this Sunday, 8:00 am, at GMA News TV!
Nang Magising si Juan would like to thank its sponsors Bulgar, Bounty Fresh Chicken Chooks-to-Go, Mang Inasal and LandBank of the Philippines. With them, we are able to give all Filipinos information while watching an enjoyable comedy show.
by: Art Ladaga
A few hours ago, a man named Peter Jay Abrico who pretended to be linked to a certain government institution, solicited money from them, promising to return their money TWO TIMES ITS WORTH a few days after. In some cases, Abrico also gave extra items like a television and a pajero! Investors became suspicious when most of them complained that they were not able to get their money back afterwards. Eventually, Abrico was captured in Makati.
Scams like this are very rampant. There are still those who fall prey to these false opportunities for a chance to “get rich quick.” Sadly, the only ones who get rich quick in these cases are the scammers. On the other hand, the victims are left deeply traumatized for giving away a huge amount of money. It will take a long time until they are able to get back up again.
At these times, the words of Mr. Francisco Colayco strongly reverberates: the quickest way to get rich is to GET RICH SLOW! If one does not accept this fact, then one will continue to fall prey to the hundreds of false “opportunities” around And the only way to distinguish an authentic wealth vehicle from a false one is summarized in two words: FINANCIAL LITERACY! Only with the right and timely information can you guard and grow your wealth properly, and not become a victim of financial scams.
BE UPDATED WITH THE LATEST SCAMS! Click here for a guide on the suspected and confirmed scams in the country.
Source:http://www.abs-cbnnews.com/nation/metro-manila/07/31/14/cops-lose-millions-double-your-money-scam
* Art Ladaga is the current Programs Development Officer of Colayco Foundation for Education
ni: Francisco J. Colayco
*unang lumabas sa Bulgar noong ika-2 ng Marso, 2013
Sanay tayong lahat sa ating paraan ng pamumuhay. Kung may mangyayaring malaking pagbabago, hindi madaling masanay sa bagong kalagayan. Lalo na kung pera ang pag-uusapan.
Kung dati kang mahirap, at nagkaroon ka ng maraming pera, kailangan mong baguhin ang pamumuhay. Magandang pagbabago ito dahil mas marami ka nang pera kaysa dati, pero makakaapekto pa rin ito sa pang-araw-araw na buhay. Halimbawa, baka hindi mo magawang gumastos nang husto kahit may pera ka na. Maganda ito dahil mas malaki na ang maiipon mo kaysa dati. Kailangan mo itong tandaan.
Sa kasamaang palad, ang mga taong nakaranas ng biglang yaman dahil nanalo sa lotto ay hindi sumusunod sa prinsipyong “Kita – Ipon = Gastos.” Kadalasang nauubos agad ang napanalunang pera dahil hindi naman nila iyon pinaghirapan at hindi nila naiintindihan ang halaga niyon.
Mas nakakalungkot kung dati kang may pera ngunit nawala ang lahat ng yaman mo. Tiyak na magiging mas mahirap ang pagbabagong haharapin. Kalimutan na muna ang kaginhawaan at karangyaan ng nakaraan. Kailangan mong harapin ang kasalukuyan at mamuhay nang angkop sa iyong kakayahan.
Kung may mga utang ka na mahirap bayaran gaya ng credit card, 
kailangan mong harapin ang katotohanan at isipin kung saan kukuha ng perang pambayad. Sa puntong ito, maghanda kang ibenta ang kahit anumang pag-aari mo. Isipin nang mabuti kung ano ang pwede mong ibenta para mabayaran ang utang. Posibleng gustuhin mo na maging optimistiko at maghintay na lang tutal maaayos din ang lahat. Pero sa katunayan, bawat araw na nagdadaan, lumalaki ang utang mo dahil hindi tumitigil ang pagpatong ng interes at mga multa.
Huwag nang mag-atubili at ilista lahat ng mga pag-aari mo. Maghandang ibenta ang mga pag-aari na hindi nagagamit o hindi nagbibigay sa iyo ng kita. Maging pursigido sa pagbenta ng mga pag-aaring ito at gamitin ang cash para bayaran ang utang.
Siyempre, mas mainam kung magagamit mo ang pag-aari para kumita ng pera imbes na ibenta iyon. Halimbawa, kung may kotse ka at may utang ka, pwede mong iparenta ang kotse para bayaran ang utang. Pero kung masyadong malaki ang utang at hindi makakatulong nang husto ang kita mula sa pagpaparenta ng kotse, mas mabuting ibenta na agad ang kotse. Mababawasan na ang utang mo, titigil pa ang deteryorasyon ng kotse.
Bisita na sa www.colaycofoundation.com para sa schedule ng seminars ng Colayco Foundation!
Ariel, in Nang Magising si Juan last July 20, was feeling insecure about his not accomplishing much in his financial life. Together with his friend, Long Mejia, he tried to think up of businesses but because of other commitments, Long Mejia leaves Ariel on his own. Ariel decided to sell chickens because he loves to eat chicken and his best brand is Bounty Fresh Chicken, Chooks-to-Go. He bought frozen chicken from Bounty Chicken and started selling them house-to-house and store-to store. However, his selling was unplanned. He even ate some of the chicken that he was supposed to sell. He realized that he didn’t like that particular business because it was not a business that he really liked He realized that he could not go on without asking for advice.
He approached Armand Bengco, Executive Director of Colayco Foundation to help him. Armand explained to Ariel the basic concepts of setting up a business.
After hearing the suggestions, Ariel asks Armand Bengco if he would like to be a partner in his business by putting in money. Of course, Armand knows better. You should not agree to being a partner and especially not putting in money into a business that your partner has obviously no expertise in.
On Sunday, July 27, join Ariel again on Nang Magising Si Juan as he continues to try to set up a business. Ariel continues to believe that his talent is in show business.Ariel joins Chooks-To-Go’s Kwela Van road show to impress the brand’s marketing head and consider him as their newest endorser.
We have sponsors for the show like Bulgar, Bounty Fresh Chicken Chooks-to-Go, Mang Inasal and LandBank of the Philippines. With them, we are able to give all Filipinos information while watching an enjoyable comedy show. Please pass the word to your family and friends.
by: Francisco J. Colayco
It may be that readers may be less interested in the analysis of a business. However, I’d like to address those who might want to learn for a business they now have or for their planning of a future business.
Break-even in business means how much you need to sell (i.e., how 
many units of products you need to sell at a given unit price) so that you will be able to sustain your business. Break-even does not mean you are losing money but it also does not mean that you are making money. If your sales are below your break-even, you will be incurring losses and if it is higher, your will be making money.
For big businesses, there will be finance people who can do all the required analysis. However, for a small business, the owner will have to do the analysis himself and it may not be so easy for those who do not really have experience. I will try to help you to compute break-even. You do not have to think in a complicated way. You can just use the simplest forms possible.
5. The basis for determining your break-even sales is your sales price per unit of your product (e.g. per kg, or per piece or per hour, etc, etc).
Want to read more? Click here for the rest of the article!
Taxes are definitely part of the heightening political drama nowadays. With so much money lost to the pockets of many corrupt leaders, many Filipinos are becoming more concerned with their money. Thus, financial literacy becomes all the more important!
We are lucky to feature the renowned “Tax Whiz,” Mon Abrea, in one of our episodes in Pisobilities @ The Business Portal. He discusses the basic things you need to know about taxes, as well as the common tax issues among many Filipinos today.
Mon Abrea’s new book, Got a Question About Taxes is available at all leading bookstores nationwide! You can also order via the Colayco Foundation. Just call 637-3731 or 637-3741.
Get a copy now!
by: Francisco J. Colayco
People often complain that they do not have enough money to save because of numerous expenses. Most of the time, however, it all boils down to knowing if what you’re spending for is a need or a want. Is most of your money going to your needs? Or is it going to your wants? And given that fact, what are you doing about it?
Here’s an interesting episode from our mini-series, “Kapiso Mo: T-say Alonzo” regarding Needs vs Wants!
Want to give yourself an upgrade on your personal finances? Through One Wealthy Nation (OWN), you CAN! Visit www.onewealthynation.com today.
It’s Monday again! Credit cards has its ups and downs. What are the bad practices related to credit cards? And how do you properly use them? Check out Ms. Guita Gopalan, Managing Director of the Colayco Foundation, as she answered these questions in the segment, “Wise Spending Wednesday” on Solar Daybreak:
Want to start taking charge of your financial life? Attend our Pisobilities: Wealth Within Your Reach seminar. For the schedules, click here!
ni: Francisco J. Colayco
Unang lumabas sa Bulgar noong ika-18 ng Hunyo, 2011
Tunghayan ang mga tanong ni P:
Gusto ko lang pong magtanong tungkol sa mutual funds. May isang kilalang American advisor na hindi inirerekomenda ang mutual funds sa mga seryosong investor. Pero mukhang alam na alam po ninyo ang ikinaganda ng mutual funds, kaya gusto ko pong itanong sa inyo ang mga sumusunod:
1.) Ano ang ikinaganda ng mutual funds kung ikukumpara sa ibang investments?
2.) Ano po ang opinyon ninyo sa American advisor na hindi nagrerekomenda ng mutual funds para sa mga seryosong investor? Sabi niya, para lang daw iyon sa mga investor na walang karanasan at kulang sa kaalaman.
3.) Sinasabing mas ligtas ang mutual funds kumpara sa mga stock investment. Pero ano naman po ang “catch” o kapalit ng pagiging ligtas nito?
Ang ating sagot:
Napakaraming pagpipilian na investments. Maganda ang marami sa mga ito. Pero ang mahalaga ay matukoy mo kung ano ang angkop para sa iyo. Hindi sapat ang maikling sagot para matugunan ang iyong tanong tungkol sa kagandahan ng mutual funds kumpara sa ibang investment options.
Ito ang pangunahing reklamo sa mutual funds ng American advisor 
na iyon: Hindi raw hamak na mas kikita pa ang mga marurunong na investor kung IPUNIN na lang nila ang 1-2% na management fee na kinokolekta ng mutual funds. Sa ekonomiya ng U.S., ang maliit na porsiyentong ito ay maaaring maging katumbas na ng 25-30% ng tubo ng equities market. Tandaan na mas matanda at sopistikado ang merkado sa U.S. Hindi angkop para sa atin ang kanyang payo dahil karamihan sa ating mga indibidwal na investor ay walang sapat na kakayahan na makamit ang diversification upang bawasan ang panganib ng DIREKTANG pag-i-invest sa stock market. Kung walang sapat na diversification, napakamapanganib ng pag-i-invest!
Isa pa, kaunting-kaunting investors na nagtatrabaho bilang empleyado o may aktibong propesyon ang may oras upang bantayan nang husto ang merkado. Kauting-kaunti lang ang may kakayahan na makakuha ng napapanahong research tungkol sa ekonomiya, ang capital markets, pati na rin ang long term trends. Napakaimportante sa investing ng tama at napapanahong impormasyon.
Marami na akong nasulat na libro at sinadya kong talakayin lamang ang mga basic na impormasyon tungkol sa investments. Ang aking adbokasiya ay turuan ang mga regular na Pilipinong income-earner kung paano humawak ng pera at magpalago ng yaman sa pinakasimpleng paraan na angkop sa kontekstong Pilipino. Para sa karaniwang income-earner na gustong palaguin ang kanyang maliit na ipon, ang pag-iinvest sa pooled fund – na gaya ng mutual fund – lang talaga ang tanging paraan.
Ang mga sopistikadong investor ay puwedeng mas maalam pa sila kaysa sa akin o kaya ay may kakayahan silang piliin ang mga mas komplikadong investment. Pero isang bagay ang tiyak: Kailangan ng mga sopistikadong investor na makatanggap ng de-kalidad na research work upang masiguro at mapanatili ang kanilang tagumpay.
Lagi tayong bukas sa mga katanungan at sasagutin ko kayo sa abot ng aking makakaya.