investment academy with rowena suarez 3.20.13 part 1 and 2

Guest Speaker: Harvey de Baron ( Baron Method )

Title: Fitness is my Business

http://youtu.be/DbUItWAv5FA  part 1

http://youtu.be/SNmU9g872hw part 2

investment academy with rowena suarez 3.6.13 part 1

Guest Speaker: Dr. Iris Tagud Pastor ( Aesthetic Doctor)

Title: Beauty and the Business

http://youtu.be/jR9E7RmqU-Q

Getting Out of Debt

We are going on our 2nd quarter of 2013. Have you recovered from the expenses of 2012. Below are some tips on how you can Get out of Debt.

Getting out of DEBT

Debt is a major problem for most people. Sometimes, it becomes a habit. Below are 13 steps that I have formulated that can get you out of the rut.

1.   Face the problem

2.   Commit to getting out of debt

3.   Have a time frame

4.   Take inventory of all your debt

5.   Record all your expenses

6.   Determine your needs and wants,

7.   Let go of the wants

8.   Use the wants money to pay off your debt

9.   Choose the debt with the highest interest and pay it off first

10.   Talk o your creditors and ask for a workable payment scheme

11.   Stop using your credit card, pay in cash

12.   Have another source of income to help you pay off

13.   Learn from your experience & make it a life choice

6 PILLARS OF WEALTH CREATION

Income Protection

(A six part series on wealth building)

Let me start of this article by giving you the very basic of ones journey in building wealth.

This is vital and the base of our pyramid. Why? Because this is the money used to provide the daily, weekly. Monthly sustenance you and your family will need when an unexpected emergency arises. What are these emergencies I am referring to?

1.  Loss of Life

2.  accident

3.  disability ( one is still alive but can not move without

                 assistance)

4.  sickness

5.  dismemberment ( a part of the body is impaired that makes

                         one invalid)

These are just some of life’s episodes that WILL happen

( specially loss of life) The question is WHEN it will happen (We can never say). Once this happens, family will suffer. Yes, they will suffer from the loss in many aspects.

1.  Loss of a loved one

        2. Loss of Money, Children may not be able to finish

            school. There will be no money for tuition fee,

            allowance, books, clothing , etc.

 

        3. Loss of dignity. The lifestyle that the family is used   

            to will be downgraded.

        4. Loss of youth. The child may have to go to work

            and stop school.

5.  Loss of role model. Spouse may I have to be away from the children just to find work and no one will be left watching over the children.

So many stories and life experiences happened that could have been prevented if only proper plans were made.       

My advice is that the best gift that we could really do for ourselves and our loved ones is to plan and protect your FINANCIAL FUTURE. Done by arranging a strategy that can provide when loss of income strikes. This is when either one or two of the income provider is not there to fend for the family. This is a scary thought but it is REALITY.

NO ONE PLANS AND FAIL but MANY FAIL BECAUSE THEY DO NOT PLAN. 

ROLE of MONEY in our LIVES

Money defined in the dictionary Merriam Webster, 1. Something generally accepted as a medium of exchange, a measure of value, or a means of payment.

What role does money really play in our lives?

I was born in a family of entrepreneurs. I always thought that money is made to be spent. I started making money at an early age of 12. My family would go on buying trips abroad and I would use my pocket money to buy knick-knacks, especially in the 70s when sanrio was a big hit. We would go to Japan’s wholesale district in bacarucho and that was heaven for me. Ones I like an item, I would buy it in bulk usually in 6s or dozens (cheaper that way) than single pieces. I would get one for myself (that’s my advertising cost) the rest I sell to friends and family. My thinking was that, if I like it why won’t others. That went on until the 80s when I would buy stuff in hongkong, I remember the raybans look alike in the night market. I’d buy dozens and dozens of different kind and sell to my classmates (without the nuns knowing). Wow! I made so much money. I was exhilarated and bought myself a drawstring Louis Vuitton bucket bag at the hongkong peninsula. That went on until college when I, together with my family opened, ritratto, a mens and women’s boutique that catered to the young urban professionals. In this business, I was exposed to so much fashion eye candy that made me buy whatever I fancy. One day I asked myself where is all that I worked for going to? My credit card bill skyrocketed and I have no balance in my account. My Louis Vuitton bag now has deteriorated. My daughter can’t even use it anymore fixing it and having it rehabilitated would cost me close to buying another one. That brings me back to the question again that has been lurking inside me. Where do all these “working for my money lead to?”

As I have matured (this I’d like to think so J) in my life journey and now a financial planner and wealth manager. I have come to realize and believe that from the day we are born until the day we join our creator (even after) Hello funeral expenses! we need money. Every stage in our life money is essential to make to accomplish and make things happen.

Lets start with the basic- upon giving birth, can you leave the hospital without paying for your doctors, operating rooms, nursery, medicines and others. I am not being materialistic, just practical. Being practical for daily living for ones existence.

Moving on, 5-7 years after, this child (lets call him sonny) will go to school, guess what? Money will be needed for all related expenses directly for the sonny’s education. After school, sonny will work, get married, and have kids of his own. He will then retire and be in his golden years. My question, in what stage in his life here didn't he use money to move forward and have a decent living?

This brings me to end my article, that money is to be made to use for our existence. It should NOT rule our lives but enhance it by making the right choices to be able to provide a respectable life for us and our family.

Money shouldn’t rule you nor make your world go round but rather make choices that money could provide to be a blessing and share to others. We all have our god given talents, talents that we are naturally good at. This is the capital that he has provided us with. Use these gifts and share it with others. You will be happier and you will be richer J

Just Ask Ro - Investment Academy; Appetite for Business with Mr. Raymund Magdaluyo

On The Money (playlist)