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.
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!
Last Sunday, Ariel returned to LandBank to open his Unit Investment Trust Fund (UITF) account assisted by Ms. Vangie Illustrisimo, Trust Sales and Marketing Officer. Armand Bengco, our Executive Director at Colayco Foundation also gave him some advice on how to deal with his personal debt. With a minimum of Php10k, Ariel was able to buy shares in a UITF.
Again, there are different types of UITF depending on your ability to take risks. UITF have no guarantees but it is unlikely that you will lose your investment if you keep it over the long term. The market price of UITF shares goes up and down. Your gains or losses on your investment will only happen when you sell your shares. You have to sell at a price higher than your average purchase price. If you sell at a price lower than your average purchase price,purchase price, you can lose money. The risk is really your ability to hold on to your investment until the price goes up.
Tomorrow July 20, Ariel will be involved in trying to put up a business. As usual, he will do what he wants without much preparation and make his mistakes. Eventually, he will realize those mistakes and have a good learning experience.
Catch Nang Magising si Juan tomorrow, 8:00 am at GMA News TV!
Nang Magising si Juan would like to thank it sponsors Bulgar, Bounty Fresh Chicken Chooks-to-Go, Mang Inasal, Landbank of the Philippines, and many more!
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!
by: Francisco J. Colayco
Last Sunday, Ariel and I interviewed Landbank’s Vice President Mr. Josefino “Joji” Cerin to find out what options there are for retirees in Landbank. It was a most interesting exchange of ideas for medium level investors. In summary, Mr. Cerin clarified the various options particularly Unit Investment Trust Fund (UITF) with a minimum requirement of Php10k. There is a good possibility of making money especially over the medium to long term of 3-5 years. However, losses are also possible if you sell at the wrong time but it is unlikely to end up with a complete loss of your investment. Ariel was not interested in the interview because he was uncomfortable when he could not understand. That was a bad attitude but I cannot force anyone to learn if they are not interested.
In another situation, Ariel had the right idea of trying to use his assets to earn him some income. Of course, because of his unthinking ways, it was not the best business, but at least he was trying, in converting his garage into a dancing place for senior citizens. Unfortunately, one of the senior citizens collapsed while dancing. She did not want to go to the hospital because she did not have any savings or insurance to pay for the medical expenses. Ariel with his good heart tried to help her but his funds are limited as well. The lady who fainted advised Ariel to prepare for his future.
On Sunday, July 13, Ariel and I will return to Landbank to ask for more products and options for each Filipino to grow their wealth. It will be a very interesting meeting where you will learn more about bank products that can give you better returns on your money than just leaving your savings in a savings account.
Catch Nang Magising si Juan this Sunday, 8:00 am at GMA News TV!
Nang Magising si Juan would like to thank it sponsors Bulgar, Bounty Fresh Chicken Chooks-to-Go, Mang Inasal, Landbank of the Philippines, and many more!