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!
ni: Francisco J. Colayco
*unang lumabas sa Bulgar noong Oktubre 20, 2012*
Ang ilan sa mga pinakamayamang tao sa mundo ay ilan din sa pinakamapagbigay. Tinuturing mo ba ang pagsuporta sa charity, pagbibigay donasyon, at pagbabahagi ng biyaya bilang bahagi ng buhay ng mga matagumpay na tao at organisasyon?
Ilan sina Warren Buffet at Bill Gates sa mga kahangahangang mayayamang tao.
Pareho silang nagbibigay ng napakalaking halaga sa charity, kaya nga kahit paano pati mana ng kanilang mga anak ay naaaapektuhan rin. Pinaplano nilang limitahan ang halagang ipapamana sa kanilang mga anak samantalang balak naman nilang ibigay bilang donasyon ang karamihan ng kanilang yaman sa mga charity o kaya’s sa mga pananaliksik na may positibong epekto sa lipunan. Totoong napakalaki ng halagang pwede nilang ipamana sa kanilang mga anak kaya naman hindi mararamdaman ng kanilang mga anak ang nabawas sa kanilang mana kung hindi man nila makuha lahat. Karaniwang pinapamana ng mga napakayaman ang kanilang mga ari-arian sa kanilang mga anak, hindi ba? Pero hindi ganoon sila Warren Buffet at Bill Gates.
Maaaring hindi ko laging pinagtutuunan ng pansin ang espritwal na aspekto
ng pagpapalago ng yaman kapag nagsasalita ako sa publiko, nagbibigay ng seminar, o tuwing nagsusulat ako ng libro at mga artikulo. Kasi naman, naniniwala akong ang 99% ng mga nakikinig sa akin o nagbabasa ng mga isisnulat ko ay hindi lamang nagnanais matuto para sa sarili nilang pakinabang, kung hindi ay para na rin sa kanilang pamilya at mga mahal sa buhay. Naniniwala ako na ang mga taong ganito ang pag-iisip ay mga taong marunong maging mapagbigay. Likas na sa kanila ang magbahagi. Matututo rin balang-araw ang 1% na hindi pa marunong maging mapagbigay. Matibay ang paniniwala ko sa mga kasabihang: “Kapag mas mapagbigay ka, mas lalo kang makakatanggap” at “Mas mabuting magbigay kaysa tumanggap.”
Pero paano ka makakapagbigay ng tulong kung wala ka namang pwedeng ibahagi? Nagtuturo ako na palaguin, pangalagaan, at gamitin nang tama ang pera para MAKAPAGBAHAGI tayo sa iba. Ito mismo ang inspirasyon ng aking adbokasiya.
Kung isa ka sa mga nakakaunawa ng mga simpleng konsepto ng pagtitipid at pag-iipon, masuwerte ka dahil magagamit mo ang nalalaman mo. Pero hindi ito ganoon kadali para sa ibang tao kaya kailangan nila ng oras, suporta at payo. Gayunpaman, obligasyon ng bawat isa na palaguin ang yaman dahil sa mismong dahilan na hindi natin maibabahagi ang mga bagay na wala naman sa atin.
Sana tulungan ng mga kumpanya ang kanilang mga empleyado kung mayroong pagkakataon. Kailangan nilang tulungan ang kanilang mga empleyado na maging maalam sa paghawak ng pera at hindi matutong umasa sa mga credit card and credit union loans.
Ang pagtitipid ay ang PAGBABAYAD MUNA SA SARILI. Kapag binayaran mo ang sarili mo, natitipid mo ang pera sa halip na ipamigay iyon sa tindero o taga-gawa ng produkto. Ang IPON ay gastos na ipinambibili sa magandang kinabukasan. “ON SALE” na ito dahil binibigyan ka ng maraming pagkakataon na matutunan kung paano mapalaki at mapalago ang ipon. Huwag hayaang lumampas ang pagkakataon na “BILHIN” ang iyong magandang kinabukasan!
Magpasyal sa www.colaycofoundation.com o tumawag sa 6373731 o 41 para sa karagdagnang kaalaman.
Today, we celebrate Independence Day. For once a year, we remember the numerous sacrifices of many Filipinos who dared to do something significant to liberate this country from foreign power. The Social Studies books in schools are not enough to describe the heroism displayed by many Filipinos who fought for this land. And yet, many Filipinos today have taken this day for granted.
Many things in life have a cost. Even the freedom we’re experiencing right now had a cost- the blood and sacrifices of many Filipinos! Today, let’s honor and remember the people (known and unknown) who dared to make a difference to free this country. Without them, we will still remain under the shackles of foreign tyranny!
Here’s another article from Mr. Colayco regarding the money side of marriage from Wedding Belle!
First appeared in Wedding Belle, September 2008, Issue 01
Got credit card woes? Clueless on how to properly use a credit card? Let Armand Q. Bengco, Executive Director of the Colayco Foundation show you the basic ropes about credit cards. Here’s the Credit Card episode from Seminar School Plus!
Catch Seminar School Plus on RHTV (Skycable Channel 67, Dream Digital Satellite TV Channel 10), every Saturday from 1:00 pm to 2:00 pm!
by: Francisco J. Colayco
“Excessive expenses, too many loans, less savings- these are just some of the common problems people have that cause financial stress. Right now, you may have one was well. If left unresolved, you may find yourself struggling for life inside the financial ICU one day! Every day, many people find it difficult to deal with their financial stress. The main problem is that they do not have the proper mindset on how to deal with such situations. Thus, they end up worse than before.”
Want to know the right mindset on dealing with financial stress? Click here to find out!
by: Art Ladaga
Mr. Colayco continues to write for various publications. Here is one of his articles found in Wedding Belle magazine, published in May 2009. It might have been published four years before, but the message remains TIMELESS!
*First appeared in Wedding Belle Magazine, May 2009, Issue 3, pp. 230-231
Art Ladaga is the current Programs Development Officer of the Colayco Foundation for Education
The Philippines recently got its second investment grade, this time from Standard and Poor. What’s the big deal about the investment grade anyway? Why are many people so concerned about it? What does it mean for the ordinary investor like you?
Here’s an infographic to help you learn more about the investment grade!
by: Art Ladaga
Twenty-seven years ago, the Filipino people triumphed in overthrowing two decades of oppressive dictatorship. Democracy was restored not through guns, tanks, or any military arsenal, but through flowers, rosaries, and one unified desire. People Power I was proof that when people band together- known as the Power of One– they can create miracles and liberate a country from tyranny.
Twenty-seven years after People Power I, many of our countrymen remain within the shackles of financial tyrants. This is the new battle being waged: the battle for financial freedom! According to Francisco Colayco, financial freedom is when you can maintain your desired lifestyle without the need to work. Only in eradicating these three tyrants will financial freedom be realized.
POVERTY: Poverty is a lack of basic necessities, but it is also more than that. According to Nobel Prize laureate Amartya Sen, poverty is also capability deprivation (i.e. not being able to do anything and be productive). One reason why there’s capability deprivation is due to lack of education. Education enables us to recognize opportunities for active and passive income. Sadly, our present educational system grooms us to be hardworking employees. There will come a time that you can no longer work. You might be earning six or seven digit salaries now, but when you retire, you will not be able to maintain your lifestyle without passive income. Thus many people remain poor because they do not know how to utilize earning income actively AND passively!
FINANCIAL IGNORANCE: Having a lot of money does not guarantee financial freedom. Knowing how you use and grow it makes a significant difference in your financial life. In a recent study, Citibank reported that the country’s financial score was 53 out of 100. This means that more Filipinos are now becoming savvy in handling their finances. This is definitely good news, but we cannot be complacent.
The massive financial scam in Pagadian City (2012) was a major eye-opener to the dangers of financial ignorance. In the website of Philippine Daily Inquirer, I read about a man in Pagadian City who committed suicide three months ago. He invested all of his retirement money in an opportunity he did not fully understand. When the culprits had gotten away with his money, he experienced depression to the point he decided to end his life! If spending on seminars about money and investing is expensive, financial ignorance is 1000 times more!
GREED: If your only goal in life is having lots of money, you have a major problem! Seeking money for itself poses a real internal dilemma. The Buddha once remarked, “Greed is any imperfection that defiles the mind.” Indeed, how many lives and relationships were ruined because of financial greed? Greed entraps you in a vicious cycle of acquiring. You cannot stop gorging on money because it’s never enough. That is the delusion of it! Eventually you will reach a point that you will internally “blow up,” wrecking your life and the lives of others in the process. In the effort to obtain everything, you lose everything!
The battle for financial freedom is an ongoing-battle. Financial freedom for our countrymen will only be attained through eradicating the three tyrants. Defeating all three is not easy, but it’s not a hopeless cause. Learning from People Power I, only through the Power of One will these three tyrants fall. And it will be possible if all Filipinos will fight as one, under the banner of FINANCIAL LITERACY!
Financial literacy opens the doors to various earning opportunities, thus helping eradicate poverty. You also become more competent and knowledgeable in handling money, thus helping eradicate financial ignorance. And you become goal-oriented in earning money, thus helping eradicate greed. Only through learning proper financial management grounded on proper values can we expect the rise of a ONE WEALTHY NATION!
Thus, THE BATTLE WAGES ON!
Sources:
Alipala, J., & Umel, R. (2012). Teacher kills self after losing all his money in scam. Inquirer Global Nation. Retrieved from http://globalnation.inquirer.net/56146/teacher-kills-self-after-losing-all-his-money- in-scam?ModPagespeed=noscript
Dumlao, D. C. (2013). Filipinos more savvy about finances, study shows. Inquirer Business. Retrievedfrom http://business.inquirer.net/105779/filipinos-financial-quotient-at- record-high-online-poll-shows
*Continue the legacy of EDSA! Achieve financial freedom NOW. Colayco Foundation for Education Inc. is offering two financial seminars this March 23: INVESTability: Stock Market and INVESTability: Mutual Funds. Just click the links for more details about the two seminars.
* Art Ladaga is the current Programs Officer of the Colayco Foundation for Education, Inc.