Financial Literacy Online for OFW’s

If you are among the many Filipinos working abroad, have you asked yourselves these questions?

Kabayan,ilang taon ka na bang nagtatrabaho?
May naipon ka na ba sa ilang taon mong pinaghirapan o walang natitira sa kinikita mo buwan buwan?
Hanggang kailan mo balak magtrabaho sa labas ng bansa?
Pag balik mo ba sa Pinas, may maiuuwi ka bang pera para sa iyong kinabukasan?

Productivity through financial wellness

Over the years, companies have been giving more attention to physical wellness, team building and leadership training programs to increase workforce productivity. I, for one, used to avail of these perks in my former job at a multi-national company through seminars like “The 7 Habits of Highly Effective People,” team building outings, reimbursable medical expenses and paid annual membership to a gym near the office. Today, these programs are also being used as a tool to attract potential applicants or partners in businesses. Ultimately, these are made available to motivate people, generate more income and attain production targets. As a proof, a 2009/2010 Tower Watson Staying@Work Report reveals that “companies with the most effective wellness programs have an 11% higher work force productivity and 28% higher shareholder returns over a period of five years.” But if overall staff well-being and a highly engaged workforce are directly proportional to their productivity, what about the people’s financial condition?

INVESTITUDES

Inspired by the eight beatitudes contained in the gospel, I listed the ways financial blessings can be attained. If we live by them, our actions (or investments) will ultimately lead us to great reward (By the word “invested,” I mean “devoted” or “endowed”).

Invested are the financially poor, for theirs is the glory to success How many people do we know who were once unimaginably poor but have eventually climbed up their way to success (the likes of Gokongwei, Henry Sy, and even of a former presidential candidate who claims to have been once belonging to the poorest of the poor communities. As his jingle goes, “Nakaligo ka na ba sa dagat ng basura?”)?

I Love Savings!

When I was little, I used to save part of my school allowance and put it in my piggy bank. When I got a little bigger, I opened a junior account in a bank which after a while closed down for reasons I could not comprehend at that time yet. I was so scared that my savings would not be returned while I was queuing for such a long time along with other people who also wanted back their money.

Your financial future can start today!

I hope everybody is doing great on these first days of 2011!

I just read a very interesting article on the renewal of the mind from the January edition of the newsletter “Food, Fitness & Faith.” What I learned from it could be applied to all my activities, on health and financial issues, for this bright and exciting year ahead.

Usually, what comes to mind at the start of each are resolutions – what we ought to be and what we ought to do for a better us in the future. But do these resolutions really work in the end? The fact is, they don’t usually last as we expected them to. The main reason? We tend to change things around us first, before we even change ourselves within. Look at the people who are fond of quick weight loss schemes. They change their eating habits to their own detriment. Instead of eating what is nutritional to their body, they restrict themselves of certain types of food, favoring fad diets (I admit. I was one of them!). Another example, compulsive buyers of exercise equipment and gadgets. After a while, their purchases become mere displays in the garage or the attic. Easy come, easy go!

Wealth in Stocks

I was recently at a market briefing called, “Riding the Bull with Growth Companies.” The guests included the Philippine Stock Exchange (PSE) and speakers from the Philippine Stock growth companies, Banco de Oro, DMCI Holdings, ICTSI, Metro Pacific Investments and Alliance Global. Discussed were the different companies’ development and prospects for the coming years. The objective of the event’s organizer was to bring about to the audience the mindset to ride the bull market with confidence, or simply put, to help clients become smarter investors, and therefore lead to the development of the much needed mass retail investors in the country.

Homemakers, Moneymakers

They say, “Home is where the heart is.” But why do most parents spend more time out of the home?

Nowadays, children are left with nannies, helpers, grandparents, or relatives. One working parent is no longer sufficient to raise a family. Gone are the days when the husband takes the role of the sole breadwinner and the wife as the homemaker. The wife is now forced to work, if not burdened to find other sources of income while making sure that the household chores are done.

Make your money grow

“Money does not grow on trees!” We usually hear this from our parents when we ask for things which oftentimes, they cannot afford to buy. I never thought I would use the same line when I became a parent myself!

First step to financial freedom

I will trade you 90 seconds of your time in exchange for free education on financial planning and management. All you need to do is fill out this quick Personal Financial Strategy Survey and then you'll get access to free information to help you understand how money works. Everything you need to know about how to manage your hard-earned money the right way will be explained to you. All you need to do is fill out this quick survey here:

What do muscles and money have in common?

When you think about muscles, you don't usually think about money, and when you think about money, what's it got to do with muscles? The truth is, muscles and money share a number of things in common.

To be or not to be RICH?

A priest once told me that in the near future, there wouldn't be any more middle class. Either one would be rich or poor. Middle class is shrinking and it would soon become nothing. “Where do you want to be?” he asked me.

Why you need passive income

Just imagine. If you can no longer go to work the next morning, how long will you survive without your active income? What is the actual number of years you will survive when you stop working? That’s the measure of your wealth!

A simple and proven financial strategy to success - Part 3 "The X-Curve"

If you missed my article last week regarding financial disaster, I am finally giving the answer to my question. This will definitely clarify things for you if you are looking for a simple and yet effective way to solve your financial problems.

The X – Curve concept of wealth and responsibility

A simple and proven financial strategy to success - Part 2 "The Financial Disaster"

"Before I show you the simple and proven financial concept I spoke of in Part 1, I will first show you some pictures, courtesy of my talented son Hans, of how a person fails to save.

A simple and proven financial strategy to success – Part 1 "The Problem"

I would like to share this very simple concept I learned from one of my mentors in the financial industry. Mind you, this mentor has personally proven this concept successful for more than ten years. It changed his life big time and so did others’ lives worldwide. You can tell by how it helped him move up from being an employee to a CEO, build 300 marketing directors nationwide, take his family on occasional vacation cruise, and drive his own sleek, black Toyota Camry. Now, that’s the way to go!

5 Basic Principles to Financial Success

I remember listening to the Chairman of a leading stock brokerage firm in the country share his experiences in business. He taught 5 basic principles in order to succeed:

Raising Interest in Personal Finance

I thought I’d share this to everyone. This was from yesterday’s newspaper (BusinessWorld).

Philippine Financial Industry - has it changed at all?

Earlier, I made a blog about the revolutionary changes we experienced in various industries. But in the Philippine financial industry, has anything changed at all?