Category Archives: Secrets of the Rich

Investment in the Philippines

Pesos and Sense TV Program

Learn the Different Kinds of Investment in the Philippines

1) STOCK MARKET

Episode1 (1 of 4) Season 1

Episode1 (2 of 4) Season 1

Episode1 (3 of 4) Season 1

Episode1 (4 of 4) Season 1

2) MUTUAL FUND

Episode2 (1 of 4) Season 1

Episode2 (2 of 4) Season 1

Episode2 (3 of 4) Season 1

Episode2 (4 of 4) Season 1

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Utang = Financial Stress

UTANG = FINANCIAL STRESS (By: Chinkee Tan)

Noong minsan ako ay mabisita sa isang evcuation center para magbigay ng donsayon. Napansin ko isang grupong mga batang na naglalaro ng bahay-bahayan. May nagpapanggap na magulang at yung mga iba ay mga anak. Nakakatuwa silang panoorin dahil hindi nila pansin ang hirap ng kanilang pinagdadaanan. Ngunit ito ang napapukaw ng aking damdamin noong narinig ko ang kanilang usapan.
“Anak, maghain na kayo at kakain na tayo ng almusal.”
“Nay, wala pa daw kita si tatay at wala daw siyang pera.”
“Anak, sige tumakbo ka na sa tindahan ni Aling Puring at mangutang ka na ng ating kakainin”

Nakakatuwa man silang panoorin, ngunit sinasalamin kung ano ang kanilang pinagdadaanan. Natural na sa kanila ang mabuhay sa utang at nakalubog sa utang.

Minsan sa sobrang kahirapan, nawawalan na sila ng pag-asa na makalabas pa sa kanilang katayuan sa buhay. At ang madalas nitong sanhi ay ang pagkakaroon ng UTANG o DEBT.

Maari hindi tayo nagungutang para bumili ng ating kakainin. Ngunit hindi tayo naiiba kung hindi natin kayang magtiis at maghintay at napipilitan bumili ng mga bagong gamit sa pamamagitan ng utang.

At dahil sa matinding utang, tayo ay nabubuhay sa pag-alala at stress. Sa sobrang laki ng pagkakautang minsan tayo ay nawawalan na ng pag-asa.

At ang feeling mo di ka na makawala dito.

Stress ka naba dahil halos lahat ng sahod mo napupunta lang pambayad ng utang?

Gusto mo na ba tuluyan makalaya?

HOW TO GET OUT OF DEBT? Allow me to share these things to you:

CHANGE YOUR LIFESTYLE
You do not ask your income to adjust to your lifestyle.
You tell your lifestyle to adjust to your income.

SWALLOW YOUR PRIDE
Admit that you are in financial need.
Huwag kang magpanggap. Magpakatotoo ka!

LIVE IN SIMPLICITY NOT DUPLICITY
Dapat matutong makuntento sa buhay.
Huwag magasam ng mga bagay kung hindi pa tama ang timing.

To your success,

Eric Espejo

 

 

 

 

 

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Delayed Gratification Leads To Financial Freedom

ANO KAYA ANG PANINIWALA NG MGA MAYAYAMAN THAT MADE THEM RICH?
(by Chinkee Tan)

Naisip mo na ba kung paano ang pakiramdam na magkaroon ng maraming pera tulad ng mga milyonaryo?

Kayang-kaya mong kumain kahit saan, bumili ng kahit ano mang bagay at pumunta kahit saan mong gustong pumunta.

Magandang isipin pero mas maganda kung ito ay magkatotoo.

ANO KAYA ANG PANINIWALA NG MGA MAYAYAMAN THAT MADE THEM RICH?

THEY ARE HUMBLE

Ang kanilang mga paa ay laging nakaapak sa lupa. Hindi nila pinagmamalaki kung ano man meron sila. Hindi nila minamaliit ang mga iba dahil alam nila na sila ay naggaling din sa wala.

Hindi sila nakakalimot na lumingon kung saan sila ay nagsimula.

SAY NO TO ‘INSTANT’ GRATIFICATION

May mga taong kapag nagkapera, madalas napupunta sa pagbili ng mga pinakabagong mga gadget, damit, non-stop na paglalakbay, at lahat ng uri ng mga gastusin.

Ang mga tunay na mayayaman, hindi sila intersado na gastusin ang kanilang pinaghirapan sa short-term gain. They invest their money in the long-term para for long-term gain.

UNDERSTANDS WANT VS. NEED

WANTS are the things that we like at the moment or out of our current feeling.

Napupunta ang kanilang pinaghirapan sa latest gadget; binibili nila ito dahil ito ang nagpapasaya sa kanila.

On the other hand, NEEDS are the things that we should have because it is necessary to help us survive or secure our future long term. Examples would be food, water, shelter, clothing, insurances, and investments.

Ang mga tunay na mayayaman, ay palaging nag-iisip ng long-term. They are willing to sacrifice short-term pain for long-term gain.

Marunong silang MAGTIIS at MAGTIYAGA para gumanda lalo ang kanilang kinabukasan.

Ask yourself, are you thinking like a rich person?
If not, I suggest that you should learn more on how to invest in yourself to equip yourself to become financially literate.

To your success,

Eric Espejo

 

 

 

 

 

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Look for Financial Mentors

Study anyone who’s great, and you’ll find that they apprenticed to a master or several masters. Therefore, if you want to achieve greatness… you must apprentice to a master.
— Robert Allen

Holding your baby in your hands is one of the sweetest delights known to mankind. Unless, of course, he starts peeing all over you. One day, as I hugged my baby and placed his face on my cheek (and as I directed his boy-part to point somewhere else just in case), I began to think of his education. He’ll be so bright, I imagined him taking up Molecular Biology, Journalism, Fine Arts and Law, all at the same time. So like good parents that we were, we bought him an educational plan for his grade school and high school education from a pre-need company.

With our eyes closed (wondering how in the world we would afford it), we signed up for a P9,000 a month payment plan for the next five years. It was steep, but we wanted to give him the best. So we did it.
During that time, I was already getting into small businesses. I failed in many of them (I’ll tell you more about that later), but one started earning. Each month, I kept its earnings.

After two years, I collected P200,000. Yipee!

Again, not knowing enough about money, I invested the P200,000 at the same pre-need company where I bought my educational plan, this time as a pension fund.

Fast forward a few years later. As we neared the end of our educational plan’s payments, we read a very disturbing article in the newspaper: Nine pre-need companies in the Philippines could no longer pay the
tuition fees of their plan holders.

Yikes.

Surely, ours wasn’t included, right?

Wrong. Ours was in the list.

To this day, that company is still fighting for its life. I invested P740,000 in that company and I may never see it again. Once upon a time, there were 92 pre-need companies in the Philippines.By the year 2005, there were 32 left.

These companies are only partly to blame for my financial loss. I lost my money because I lacked financial education. I didn’t research enough, and didn’t have financial mentors to guide me. For
years, financial experts were already sounding the alarm, warning people of the coming collapse. But I didn’t listen because I didn’t know who to listen to.

Today, I now have financial mentors that surround me. I don’t makebig investment decisions without their counsel. To find them, I had to pray for them, search for them, and invest time and energy to pursue the best. But once I found them, they powerfully blessed my financial life.

How do you find these mentors?

Look around for financially successful people.

I don’t care if your uncle has a PhD in Economics. If his own personal finances are in shambles, he’s not your financial mentor. I don’t care if your aunt gives you a business card that says she’s a financial advisor, if she has a lot of bad debts and doesn’t invest her own money, she’s not your financial mentor.

Swallow this hard pill: The proof of real financial wisdom is in the money.

Look for financial mentors. (bo)

 

To your success,

Eric Espejo

 

 

 

 

 

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Stop Blaming Your Family for Your Poverty

You can’t hire someone else to do your pushups for you.
— Jim Rohn

One day, I was talking to a mother in her 40s.

She told me, “I was born in a poor family. My father is poor, my mother is poor, our grandparents are poor, all our uncles and aunts are poor, even our dog is poor… That’s why I’ll be poor forever.”

I shook my head and said, “There’s a slight problem with your logic.

Do you know who else can say the exact same story?”

“Who?” she asked.

“Henry Sy, Lucio Tan, John Gokongwei…”

“But Bo, they’re not counted!” she objected. “They’re Chinese!”

“So? Even worse. At one point, they couldn’t speak our language.

These three men started with manual labor. And except for Henry Sy who finished in Far Eastern University, the other two couldn’t even finish college.” Henry Sy, a penniless 12-year-old boy when he arrived on the shores of the Philippines, is now owner of the SM empire and the 14th richest man in South East Asia.

Lucio Tan, who at one time owned nothing else but the shirt on his back, is now the richest industrialist in the country, and has a net worth of $1.5 billion.

John Gokongwei, former market vendor and bodegero, is now headof JG Summit, the largest conglomerate in the Philippines.

If you want to get out of poverty, nothing can stop you.

Not your corrupt government or your family lineage.

Stop blaming your family for your poverty.

Author: Bo Sanchez

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