Tag Archives: savings

Starting to Work On Your Success

November 17, 2015SaveArmand bengco, business, financial literacy, financial times, financial wellness, Francisco colayco, goals, invest, investing, mutual funds, pera palaguin, pisobilities, save, savings, successadmin

And here is how we want to help you get it! Follow the coming articles that will help those who want a refresher course…

Goal Setting Part 1

It has been more than eleven years since I started teaching how to care for your personal financial matters. From the many feedback I have received from readers, it is very clear that so many ordinary earning Filipinos do not know how to save and grow their money. The questions I receive are varied and detailed but the most frequent can be summarized into three:

1) How can I save?

2) How can I get into a business?

3) How do I invest in mutual funds?

Before even asking these questions, each person should first set their goals. The New Year is only about 45 days away, it is an opportune time to devote time on GOAL SETTING.

I always remind people that you cannot go anywhere if you do not first establish where you are and where you want to go. My favorite example is when you go to a Mall for the first time and you want to go to a particular store without wasting time because you are in a hurry. You can ask people around you but sometimes, they do not know or worse, they give you the wrong information. The best method is to look at the map in the mall and locate your store and how to go there.

This is the same routine you should follow when you want to save, get into business, or invest your money. When people realize they should save and grow their money, they are suddenly in a hurry to do it without any planning. They start asking around from people they know. Unfortunately, most of the time, they ask people who also do not know how but are so eager to pretend they know. They start getting wrong advice and end up losing money without even knowing how and why.

This need not happen if they followed the rule of GOAL SETTING. The first step is to establish a plan, which is your “map” or your financial goal. Note that most legitimate investments are sound investment instruments. They are all good investments. However, what is important is to be able to tell which one is suitable or best applicable to your needs. It is impossible to be able to discern which is the best for your personal situation unless you have your own financial plan based on your own specific timetable. We will talk more about goal setting in the next articles.

For added information, visit www.colaycofinancialeducation.com www.franciscocolayco.com and www.youtube.com/colaycofoundation at www.kskcoop.com. Tumawag sa 637 3741 o 637 3731 o 0917 863 2131. Our next seminar is on Nov. 28. Join it. Based on experience, we learn more when we have immediate feedback on our questions.

Listen to Pera Mo, Palaguin Mo every Monday on DZXL 558AM from 11am to 12 noon. You can also watch us on Pisobilities Reality every Tuesday, 8:30 pm, on Light Network Channel 33 and every Saturday on GMA News TV 11, 6am.

Spending Practices that will put you in Debt

September 10, 2015SaveArmand bengco, bonus, credit, credit card, debt, economic conditions, expenses, financial times, Francisco colayco, income, installment, salary increase, saving, savingsadmin

Some people have ways of thinking in relation to spending that could lead them into debt. I will be discussing with you some of the spending practices of some people that lead them into always being short of cash and living on credit card or in deep credit card debt. In analyzing these practices, I want to emphasize the principles I have been discussing through the years. Read on and see how you can be more aware so that you avoid the pitfalls.

Bonus – Let’s say that you received a bonus of P10,000. What would you do with it? Most people would not only spend all of it. Apparently, many will even use it as a down-payment for an item, and unfortunately, the installment payments for the item bought is usually more than their budget. Normally, a budget is just enough for your regular expenses. You should not add to your regular expenses without a permanent addition to your regular income. A bonus is not regular income and after receiving it, there will be no more to come in the near future.

If you are making a budget for your regular income and expenses, all the more you must treat a bonus with some analysis and planning. Remember the First Principle is “Pay Yourself First?” I ask you to follow the formula “Income minus Savings equals Expenses.” A bonus is income as well. You must still follow the formula. Set aside 10-20% of the bonus as your savings.

You could also give yourself and your family a little treat but make sure it is something modest and commensurate to your regular income.

Discuss the bonus with your spouse and/or your family. What are your priorities to help get the best value for the windfall. Since the amount is limited, don’t immediately think that you can use it for a new type of expense that could balloon to something more than you bargained for. Rather, maybe it is better to use it to help you in a regular expense or even better, put it all in savings.

The bonus is the only additional income you have. Unless you get a salary increase, you do not have additional money to pay for additional regular installment payments. Never buy an item that will require you to make regular installments that you cannot afford.

Paano Mag-Invest Nang Ligtas sa Mutual Funds

August 19, 2014Invest, Plan, Saveare mutual funds safe, Armand bengco, balanced fund, best mutual fund philippines, bo sanchez, bulgar, business portal, business trends, Cash loans philippines, diversification, easy money, equity fund, fixed-income fund, Francisco colayco, gusto kong yumaman, how much to retire with, how to be rich, how to grow money, How to invest in stock market philippines, invest with P5000, investing, investing philippines, investment, investment opportunities, Investments philippines, klase ng mutual funds, ligtas ba sa mutual funds, Make money philippines, mga risko sa mutual fund, Mutual funds philippines, Paano kumita ng pera, paano mag-invest, paano yumaman, personal finance, pifa, pisobilities, retirement, risks in mutual funds, savings, shares, stock market, truly rich club, types of mutual fundsadmin

ni: Francisco J. Colayco

unang lumabas sa Bulgar noong ika-30 ng Hunyo, 2010

HINDI garantisado ang tubo sa mutual funds. Sa katunayan, puwede pa ngang bumaba ang halaga ng investment mo. Pero kung susundin mo ang ilang simpleng patakaran, napakaliit ng tsansa na matalo ka. Tandaan na sa Mutual Funds, hindi ka kumikita o nawawalan ng pera hangga’t hindi mo binebenta ang shares mo.

Mahalagang maunawaan na puwede mong ibenta ang iyong shares anumang oras at tiyak na may bibili nito. Sa ibang uri ng investment, puwedeng maging mahirap ang paghahanap ng buyer lalo na tuwing panahon ng emergency.

Ang pangunahing patakaran ay ang mga sumusunod:

1.) Piliin lamang ang mga pinagkatitiwalaan at kilalang mutual funds. May inaalagaang reputasyon ang mga kilalang kumpanya at napakalayong mangyari na ipapaubaya nila ang kanilang mutual fund sa mga fund manager na hindi mahuhusay. Pero siyempre, kahit ang mga kilalang pangalan ay puwede pa ring magkamali. Kung kaya puwede pa ring protektahan ang sarili sa pamamagitan ng mga sumusunod na patakaran.

2.) Pumili sa mga pangunahing uri ng mutual funds: Equity Fund, Bond Fund, Balanced Fund. Piliin kung alin ang angkop sa iyong personal na planong pinansiyal (kailangang may malinaw kang plano bago mo man lang isiping mag-invest). Sa bawat uring nabanggit, ang mga fund na may mas mataas na paglago sa mga nagdaang taon ay may mas mataas na tsansang maging matagumpay pati sa hinaharap.

3.) Ikalat ang iyong panganib. Huwag ilagay lahat ng savings sa mutual funds. Hinihikayat ko kayo na i-invest na lang ang mga halagang gagastusin sana sa mga bagay na walang halaga. Sa halagang Php 35.00 kada araw, makakaipon ka ng Php 1,000.00 sa isang buwan. Kung sumali sa isang Equity Mutual Fund na karaniwang lumalago nang 15% kada taon, ang Php 1,000.00 kada buwan (na dagdag sa Php 5,000.00 na panimulang hulog sa mutual fund) ay magiging Php 238,000.00 sa loob ng 10 taon. Pero sa loob ng 120 buwan na ito, ang inilabas mo lang na pera ay Php 125,000.00. Sa loob ng 20 taon, ang pera mo ay magiging Php 1,409,000.00 kahit na Php 245,000.00 lang ang inilabas mo.

Kung ang panimulang requirement na Php 5,000.00 ay ang kabuuan ng lahat ng inyong savings, mag-isip nang mabuti bago mag-invest. Kung sa susunod na 3-5 taon ay wala naman kayong mahigpit na pangangailangan para sa savings, puwede n’yo nang subukan ang investing. Kung may biglang pangangailangan at mapipilitan kang ibenta ang iyong shares, may posibilidad na malugi ka nang kaunti pero maliit lang ang posibilidad na maubos ang iyong investment.

4.) Magtalaga ng target para sa sarili mo. Sabihin na nating gusto mong kumita ng 20% sa loob ng isang taon. Kapag naabot mo na ito, ibenta mo na ang ilang bahagi ng iyong shares upang makuha mo ang tubo, pero huwag mo na galawin ang original na halaga ng iyong investment. Kung piliin mong huwag magbenta, pwedeng bumaba lang ang iyong average return on investment.

Protect Your Greatest Asset

August 6, 2014Plan, SaveArmand bengco, asset allocation, Cash loans philippines, cash reserves, easy money, emergency fund, financial goals, financial protection, Francisco colayco, goal setting, grow money, gusto kong yumaman, hospitalization insurance, how to earn money, how to grow money, How to invest in stock market philippines, insurance, insurance with investment, investment opportunities, Investments philippines, Make money philippines, medical insurance, Paano kumita ng pera, personal finance, pisobilities, protect your greatest asset, save for emergencies, savings, term life insurance, think rich pinoy, truly rich club, variable life insuranceadmin

Here’s an article from our Managing Director, Guita Gopalan, about getting financial protection for your greatest asset!

Protect your greatest asset – YOU. You are your greatest wealth generator.

Now just a reminder, a REALLY REALLY IMPORTANT REMINDER! All your hard work in investing can be washed away if your don’t have financial protection. Major emergencies and unforeseen situations befall everyone at least once in their life. And then you have the many minor emergencies. Sometimes we get so used to managing them that our life becomes a series of things to ‘damage control’ and our finances never take off towards the wealth goal.

Major emergencies – hospitalization, operation, calamity, job dismissal, loss of life, disability, etc. – often require a significant amount of money to be able to address adequately. If you don’t have financial protection and all you have are investments then you may find yourself in a position where your investments are doing badly and because of an emergency you’ll have to get your investments…You lose out on what you could have or should have earned. Or your investments could be doing really well but you’ll be trading in your intended financial goal to meet the emergency requirement. The good news is that both situations can be avoided simply by having enough financial protection.

Want to read more? Click here!

Financial Fitness Quiz

August 4, 2014Plan, Shareactive income, ardy roberto, are you ready to invest, are you ready to retire, Armand bengco, bo sanchez, business, can you invest, cfe, colayco foundation, colayco foundation for education, easy money, efren cruz, entrepreneurship, financial fitness quiz, financial freedom, financial health, financial planning, financially unhealthy, fjc, francis kong, Francisco colayco, francisco j colayco, gusto kong yumaman, handa ka bang mag-invest, how financially fit are you, how to be rich, income source, investing, investments, magaling ka ba sa pera, making your money work, money, palaguin mo, passive income, patok na business, patok na negosyo, pera, pera mo, philippine investments, pisobilities, plan your future, randell tiongson, registered financial planner, rfp, savingsadmin

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!