Tag Archives: financial freedom

Starting To Work On Your Success pt. 2

Goal Setting 2

 

In the last article we started to talk about the need to set personal financial goals or objectives.  Before, making your plan, here are some tips on what you should be ready to do:

 

1)    You have to put it in writing!  There is a study that shows that people who succeed write their plans.  You must have a written plan for each goal.

 

2)    You can have different goals but you must state it in positive terms.  It is not enough to say that you want to save or that you want to cut expenses.  You have to know what it is that you are saving for and specify each goal in terms of amounts.

 

3)    You must have a specific timetable for each goal.  If you have a timetable, you will not procrastinate because you know when you have to reach it.  At the same time, you will realize how realistic your goals are based on your timetable.

 

4)    You have to be ready to monitor your progress.

 

Now and in the coming columns, I will present you eight questions that you need to ask yourself to be able to set your financial goals:

 

1)  What level of lifestyle do you want?

 

Each person has a dream of the kind of lifestyle he wants.   What is meant by lifestyle?  Lifestyle is the standard of living.  This is usually defined in terms of the expenses needed daily/monthly/yearly.  The higher the standard, the higher the expense.

 

The highest standard is that of the “rich and famous” normally equated to being in the society pages of the newspapers, driving around in expensive cars, having a big house, regular travel, hosting big parties regularly etc. However, you will be surprised that sometimes these people are actually not as rich as they are portrayed to be.  Many of them are deep in debt that if they suddenly die, their heirs might be left with so many problems instead of inheritance.

 

Many people will say that they just want lots of money to spend without any idea of what they want to do with it.  If they don’t know what they want to spend for, any amount of money can very quickly disappear.  What is important is that you have a good idea of how much you would like to spend every day/ every month/ every year that will make you comfortable.

 

You can start with your present lifestyle.  You know how much you spend regularly.  If you are regularly in credit card or other kinds of debt, you can estimate how much more income you really need over what you are actually receiving, to maintain your present lifestyle.  If you are unable to earn that additional income, you have to downgrade your present lifestyle or go to the next question next week.

LATEST BOOK IN THE PERA PALAGUIN SERIES

My new book sequel to the books I have written is available in National Bookstore and other bookstores and even directly from us at www.colaycofinancialeducation.com.

The title of the new book comes from the previous books.  The first book was “WEALTH WITHIN YOUR REACH. PERA MO, PALAGUIN MO!” The second book was “MAKE YOUR MONEY WORK. PERA MO, PALAGUIN MO!”

This new book title is self-explanatory:  “WEALTH REACHED.  MONEY WORKED.  PERA MO, PINALAGO MO!”  The book investigates the lives of the various characters in the first two books and explains what they did in the past eleven years after reading my books and listening to my advice.  It will make you believe that, if you had listened then, you would be in a better personal financial condition today.

I hope you were one of those who did listen.  If you did not, it is still not too late.  Get the book, read and analyze and convince yourself that you can do something.  So many people have succeeded with very little required savings.  What you need is a lot of Discipline and Determination.  You can do it.  Don’t wait for another ten years before you again regret that you did not do something.  You can do it NOW!

I share with you now the various sharing of people regarding the books.

Mr. Hans B. Sicat,?President and CEO of the Philippine Stock Exchange says:

“Mr. Colayco shares the Philippine Stock Exchange’s vision in promoting a culture of savings and investments in the country. By starting and encouraging employees to save and invest, we are in fact contributing to the financial wellness of our work teams which should hopefully be passed on to their immediate environs and communities.”

Mr. Ignacio B. Gimenez?Chairman and President, PhilEquity Fund, Inc. notes that:

“Wealth Reached, Money Worked” is motivating and informative. After over 10 years in this advocacy, Topax’s message of financial freedom is enriched by the real experience of real people he and the Colayco Financial Education team have enlightened along the way. It really doesn’t take a lot of money and effort to be financially comfortable. The key to building wealth – time, patience and good decision making. More than ever Filipinos need to be wise with their money not just in choosing what to buy or how to spend their hard earned cash but in how to grow it. Easy to read and completely understandable, this book will help Filipinos explore the possibilities open, available and affordable to the ordinary income earning Filipino.”

Mr. Generoso Asuncion who has read the past books says:

“When I read the 2 books “Pera Mo Palaguin Mo 1 & 2” my view in life has changed. Asides from the books, I also watched Mr. Colayco in YouTube and read the articles in the web. He changed my life. I learned how to save money. I also share what I have learned to my kids, friends, my siblings and to the people I meet so they would know the right way to save money and attain financial freedom. Thank you so much Mr. Topax. You are the LIGHT in a dark place of poverty.”

  1. Cayanong, a?Customer Service Representative, Convergys Philippines in 2013 says:

“I definitely enjoyed learning from Colayco Foundation. It brought a realization of how badly I manage my earnings, but it also opened the opportunity to start NOW. Start saving and investing. It made me aware of the need to secure my self and my family’s future.”

Mary Grace M. Orbase, a student in 2011 said:

“I am a 14 year old high school student soon to be third year high school student, I’ve read your book, Pera Mo Palaguin Mo! 2. It inspired me a lot. It guides me and enlightens me at my tender age. It really awakened me on how to handle my allowance-that there’s always savings. More power and good luck. I hope there will be a lot of high school students like me that will read and will be enlightened with your book :)”

RenzSumera, a?Licensed Chemical Engineer in 2012 said:

“I just graduated with a degree in Chemical Engineering at the age of 21. I am currently looking for a career while at the same time studying for my board exam this November. I have read your two books, Money and Wealth and it really inspired me to value money and learn how to invest. I can’t wait to start earning active income and saving up to 20% of it for good investments. Thank you for writing those books and I hope that more fresh graduates like me or young professionals will read them and be inspired.”

Leonardo Alba, an OFW from Abu Dhabi said:

“I read your book over and over again because I was not able to understand some parts with one pass.  But all in all the content was good and it even have matching examples.  For now I will try to apply what I have read from your book.”

Cecilia T., 2012 said:

Your books are very informative and has simple information. This is important especially for a woman like me. This book is really a blessing. Natutoakokungpaanoiingatan at mapapalagoang finances ngakingpamilya.

Anthony Pinaglabanan, Iowa said:

Mr. Colayco was the one who influenced me in financial literacy 6 years ago, got some investments now and its working beating inflation and not still focusing to make it happen. My next project is to create passive income as I want to retire early to enjoy time with my family.

RazmonZamboanga, 2006 said:

Thank you for making not only our peramalagobut especially our mind. It was worth the trip from the province to buy your books. I travelled hundreds of kilometers and it had opened a million miles of opportunity and realizations. Talaganglumago. The PeraPalaguin Books made me realize that poverty can be caused by ignorance in managing your finances and not necessarily the inadequacy of financial resources.

SimpeRogie Magana-Co said:

You educate people on how to be financially literate by using simple language and practical examples. You continue to share valuable knowledge and personal experience in money management.

SimpeRogie Magana-Co said:

You educate people on how to be financially literate by using simple language and practical examples. You continue to share valuable knowledge and personal experience in money management.

Sarah Jane Mayola OFW said:

I heard of Colayco Foundation some time back when I was still working as a staff nurse at one of the hospitals in the Kingdom of Saudi Arabia. I didn’t have the chance to start maybe because I was not ready yet or I was not that determined to make a change in my life. Now that I’m back here in the Philippines, I’m applying for a job again overseas. I just realized how important is proper investment and savings. All my savings are gone and for the meantime I’m working as a call center agent here in Makati. I only save Php1000 every payday but I’ve decided to start saving. This time I will set aside and keep my savings.

I hope these statements will help encourage you to read and study my books, if not for yourself, for your family members who have so much to gain by having a good basic education in their personal finance management.  Check out www.colaycofinancialeducation.com for more information.

Spending on Gadgets and Insurance

According to a study from an insurance company, Pinoys prioritize buying gadgets and insurance equally. But why? What are the factors that come into play? And what does it say about our manner of prioritizing needs and wants?

Here’s Armand Bengco, our Executive Director at Colayco Foundation, to talk about the matter:

Want to watch more videos on personal finance? Visit www.pisobilities.tv today!

“Nang Magising si Juan” Season Ender

The first season of Nang Magising si Juan ended last Aug. 10.  Look out for announcements on the second season by late August or early September.  Ariel went to Hong Kong with the CFE Team to attend an orientation of members of KsKCoop.  He had such a great time with them and Ariel realized how much sacrifices the OFWs in Hong Kong have been enduring through the years.

 

Ariel got a little emotional at end of the KSK Coop Orientation Seminar — with the following realization:’Na-realize ko, kung ito ngang mga kababayan natin — naghihirap at nagtitiyaga dito sa ibang bansa, malayo sa kanilang mga pamilya — ay kayang ayusin at harapin ang kanilang mga problemang pinansiyal, ako pa kaya na nasa sarili kong bansa at may maayos na trabaho. Nagising ako…

Ariel with Mr. Armand Bengco (KSK Coop Gen. Manager) and the rest of KSK Coop members in Hong Kong

Missed the past episodes of season 1? Catch it on www.pisobilities.tv!

“Nang Magising si Juan” Episode 13 Sneak Peek

While there are some improvements in Ariel’s financial education on Nang Magising Si Juan, there is still a lot to ask for.  In last week’s episode, Ariel ended up staying in a hotel because his electricity, water and telephone were cut off because he was unable to pay his bills.  Ariel is not as poor as not to find money for his electricity but he is not careful.  He forgot to pay the bills because he was too busy.  I had to remind Ariel that he can pay for his bills even by cellphone.Now he has to use his credit card to pay for his hotel bill and that adds up to his expenses.  Ariel didn’t even realize he was staying in aurumOne Makati Hotel that I own together with OFWs and members of KsKCoop.

At least, he remembered that he had to arrange for an interview with Ms. Yasly Corazon Jaen, Chief Admin Officer of Governance Commission for GOCC of LandBank Mobile Availer.  He learned that it is easy to get a salary loan. When you avail of a loan, you should have a mobile phone because you apply by text and you get the approval also by text within three days and the money is deposited to your account with Land Bank.

Tomorrow Aug. 10, watch the Ariel and the members of KsKCoop as they meet up in Hong Kong to discuss the projects of KsK.  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.

Financial Fitness Quiz

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!

“Nang Magising si Juan” Episode 12 Sneak Peek

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.

“Nang Magising si Juan” Episode 11 Sneak Peek

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.

“Know Your Taxes” with Mon Abrea

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!

“Nang Magising si Juan” Episode 10 Sneak Peek

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!