How to Use Time to Make Millions Pesos

Start early!

When it comes to saving money and investing for your future, it’s never too early to start. Every payday, most of us are faced with the dilemma whether to start saving today or put it off until next month.

Here’s a story of a young man who knew that he could earn more for his future by starting to save earlier.

At age 22, Ping took the first steps in making his money grow. Every month, he saved P2,000 of his monthly income. Then he placed it in a good and stable investment that gave 10% compounded interest yearly. He did it for 10 years until he was unable to add more to his investment and forgot about it.

On the other hand, his friend Pong took his sweet time before investing. He waited until the age of 40 when he had money to spare. He followed the same steps but he doubled the amount to P4,000 so he could catch up with Ping.

Reap the rewards!

Twenty years later, at the age of 60, Ping and Pong crossed paths again. Can you guess who had more money?

Remember, Pong invested late but his P480,000 was TWICE as much as Ping’s initial contribution. With 10% annual compounded interest, Pong’s investment became 2 million pesos.

But Ping, who invested EARLIER, gave his money more time to grow. Even though he stopped putting in money after a while, his money continued to earn interest. Although his total investment was only P240,000, at 10% annual compounded interest, his earnings reached

6 MILLION pesos. THREE TIMES the amount of Pong’s earnings!

Start early. Earn more. That’s smart investing!

What should we start doing early so we can earn more?

Save regularly. Set aside a portion of your monthly income regularly for the specific purpose of investing. No matter how small, the key is doing it regularly.

Spend time to learn. Knowing the different kinds of investments available to you is beneficial to making your money grow. Find out what your options are and choose the one that best fits your needs.

Focus on your goal in life. Whether it’s getting married, living in your dream house, driving your own car, travelling abroad, or retiring comfortably, you need to establish SPECIFIC financial goals. Write them down to constantly remind you to make saving and investing a priority. Discipline and focus are the keys to achieving your dreams.

Start early and use time to your advantage to achieve your financial goals. Time is money and if you start investing early, your money will start growing too!

“Time is the only resource you can never get back.” When it comes to investing, time is one of the most important assets.

Shared by Coach Amos

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Philippines Beats Indonesia in Gaining S&P Investment Grade repost

By Karl Lester M. Yap - May 3, 2013 1:53 PM GMT+0800

Philippine stocks rose to a record after it beat Indonesia to win an investment grade from Standard & Poor’s, as President Benigno Aquino outshines Susilo Bambang Yudhoyono in improving government finances and spurring growth.

The rating on the Philippines’ long-term foreign-currency- denominated debt was raised one level to BBB- from BB+, with a stable outlook, S&P said in a statement yesterday. In contrast, the assessor revised its outlook on Indonesia’s BB+ rating to stable from positive.

“We’re continuing to address constraints to growth,” Philippine Finance Secretary Cesar Purisima said in a Bloomberg Television interview with Susan Li today. “We’re fast tracking our infrastructure projects. We’re looking at areas we can open up to foreign investors.”

Aquino’s drive to transform the nation into one of the region’s fastest-growing economies is gaining strength, with the government forecasting record investment pledges this year as companies including Murata Manufacturing Co. expand. In Indonesia, President Yudhoyono has delayed cutting fuel subsidies that have drained government finances even as he tries to allocate more funds to infrastructure spending.

“For the Philippines, this is yet another confirmation that Aquino’s reforms have borne fruit, which would help in attracting not just short-term flows, but long-term direct investments,” said Santitarn Sathirathai, a Singapore-based economist at Credit Suisse Group AG. “The rating momentum for Indonesia is moving in the wrong direction.”

Capital Inflows

The Philippine Stock Exchange Index (PCOMP) rose as much as 1.9 percent today to a record. Indonesia’s benchmarkJakarta Composite Index (JCI) slid a second day.

The peso climbed to a four-week high, rising 0.3 percent to 40.93 per dollar, according to Tullett Prebon Plc. In the past 12 months, it is the biggest gainer after the Thai baht among 11 Asian currencies tracked by Bloomberg.

“The upgrade on the Philippines reflects a strengthening external profile, moderating inflation, and the government’s declining reliance on foreign currency debt,” S&P said. “In our assessment, the stalling of the reform momentum in Indonesia and a weaker external profile have diminished the potential for an upgrade over the next 12 months,” it said separately.

Higher ratings may boost capital inflows into the Philippines and prompt the central bank to add to measures to curb asset-bubble risks. Bangko Sentral ng Pilipinas last month cut the rate it pays on special deposit accounts for a third time this year, while keeping the rate it pays lenders for overnight deposits at a record-low 3.5 percent.

Continued Strength

“The Philippine central bank has done a good job in managing inflows,” S&P credit analyst Agost Benard said in a teleconference today. Still, the peso will likely have to appreciate as inflows continue to rise, he said.

Moody’s Investors Service, which rates the Philippines one step below investment grade, is keeping a close eye on developments on the ground, Singapore-based sovereign analyst Christian de Guzman said in an interview today.

“Much of the momentum has continued in terms of growth, as well as the health of external payments position, as evidenced by the continued strength of remittance inflows and stability of foreign exchange reserves,” he said. “However, revenue performance is starting to slow and begs the question if efforts to increase tax efficiency have already been maximized.”

Philippine revenue collection fell a second month in March, a report showed yesterday, even after the implementation of a “sin tax” on alcohol and tobacco products. Indonesia’s rating of Baa3 above the Philippines is still justified, de Guzman said, citing a longer track record of growth and fiscal management.

Infrastructure Investment

Aquino has increased state spending and narrowed the budget deficit while seeking more than $17 billion of infrastructure investments to spur growth to as much as 7 percent this year. The Philippine economy, which was more than twice the size of Malaysia and 10 times bigger thanSingapore’s in 1960, expanded 6.8 percent in the fourth quarter.

The president has taken on the Catholic Church with a bill to provide free contraceptives to the poor, arrested his predecessor on graft charges, and ousted the country’s top judge for illegally concealing his wealth. Transparency International raised the country’s ranking on its annual corruption index last year to 105, versus Indonesia’s 118.

Fitch Ratings was the first to upgrade the Philippines to investment grade in March. Moody’s Investors Service rates the nation one step below.

Fuel Prices

Ratings changes aren’t always followed by investors. French bonds and U.S. Treasuries both made gains after the nations were stripped of their AAA credit ratings, in a sign that downgrades may have little bearing on borrowing costs. Almost half the time, government bond yields fall when an action suggests they should climb, or they increase even as a change signals a decline, according to 38 years of data compiled by Bloomberg.

Yudhoyono said this week he will only increase fuel prices after Parliament approves compensation programs for the poor, a move that could delay efforts to contain a budget deficitthat may be more than twice as much as estimated without subsidy cuts.

Fuel Prices

Failure to reduce subsidies last year drained government finances and led to a record current-account shortfall, hurting the rupiah as foreign investors lost confidence. Indonesia’s economyprobably expanded near the slowest pace in more than two years last quarter as a decline in commodity prices hurt exports.

Indonesia may implement incremental measures such as a moderate increase in fuel prices, S&P’s Benard said, while stopping short of bold measures given the stage of the electoral cycle the country is in, he said.

S&P said yesterday it may raise the country’s rating if the fuel reforms are finalized, the state budget is improved, or if structural reforms boost economic growth. The assessment may be lowered if renewed fiscal or external pressures are not met with “timely and adequate policy responses,” it said.

“Policy and exchange-rate management need to be more focused on sending the right signals to the market so as not to induce portfolio outflows,” Benard said.

Source: Karl Lester M. Yap, Bloomberg. 3 May 2013.

To contact the reporter on this story: Karl Lester M. Yap in Manila at kyap5@bloomberg.net
To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

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Why is it so difficult to save?

QUESTION: I have been trying to save but it’s like fighting a losing battle as I keep on nibbling away at my savings until they’re all gone.  It’s like going on a diet, that’s the word die with a “t.” Do you know of an effective way of saving?—Housewife from Quezon City via e-mail.

Answer: Your ability to spend is determined by your capacity to stick to your goals within an environment that is full of temptation. And yes, in the age of technology, temptation walks to you.
Just look at how ads find their way into your favorite cable TV channel, your bookmarked Internet page and even your personal cell phone. To be sure, our urge to splurge has always been there. Temptation just tips the balance toward spending.

To paraphrase the Good Book, temptation is like a roaring lion looking for someone to devour. Yet, despite all its strength, temptation will not succeed if we realize our weaknesses and address them effectively.

I need to emphasize “realizing weaknesses” because we fall prey to this human behavior called overconfidence.  In behavioral economics, overconfidence refers to our unfounded belief that we possess superior abilities in managing our budget, controlling our debt, choosing insurance policies and growing our wealth through investing in securities or a business.
Try to recall the times you told yourself that you would not succumb to the urge to splurge even if you went to a mall with a 70  percent off promo, and then left the mall with shopping bags galore.

Try to see how many Ponzi scams have robbed people of their hard-earned savings over and over in the past decade or two despite the warnings from the Bangko Sentral ng Pilipinas and Securities and Exchange Commission. People say it’s so easy to spot a scam but readily fall into it when blinded by the (false) promise of a high return yet low risk investment product.
Once we acknowledge that we are weak, we would then be in a better position to adopt the TWAHCD practice. The what?

Look at a picture of what you want to enjoy in the future. Let’s say it’s a picture of Boracay. By just looking at the picture, a thought will enter your realm of consciousness. That thought would manifest itself into a word like vacation or relaxation.
If you keep on coming back to that thought and word, they will drive you to action perhaps like saving up for the vacation.  But going to Boracay is not cheap so perhaps you will save gradually.  By saving gradually, you will be forming a habit.

As people see your habit of religiously saving up, they will say that you have eventually developed the character of being a saver.  And because of that character, you will be able to reach your destiny, both figuratively and literally.

So TWAHCD is nothing more than thoughts turning into words; words inspiring action; actions becoming the habit; habit melding into character, and character leading you to your destiny. But let’s focus on the AH because the famous philosopher Aristotle did say “We are what we do repeatedly. Excellence then is not an act but a habit.”  This was echoed by Malcolm Gladwell in his book “Outliers” where he said that one of the formulas for success is to do something repeatedly for 10,000 hours.

To nurture that habit of saving, you must start out with small mortifications. A person who is just starting out to become a professional weightlifter will not lift the heavy weights right away for fear of physical injury.  Similarly, you should not try to save large amounts right away for fear of financial injury.

Mortification means killing the desires of the flesh. Start to kill the small desires first.  As I say in my training, if you are so used to drinking coffee with sugar, try to drink it without sugar for the next couple of days.  Eventually, you will get the hang of it.

If you have trouble saving P100 a day, try it out first with P10 a day.  But you have to have a concrete plan for saving that P10 a day. As they say, goals have to be smart or specific, measurable, achievable, relevant and time-bound.

A smart goal would be to save P10 a day for 30 days as it would eventually lead to a fairly significant amount of savings of P3,000. To achieve this, you could stop buying extra rice. Another smart goal would be to visit places where the urge to splurge would not be strong. So instead of malls, you could visit public parks for the next four weekends. And be sure to make it a family affair so that it is more fun.

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Financial mortification multiplied daily will eventually lead to financial discipline.

If you want to learn more about the proper way to save, borrow, insure and invest, please visit www.personalfinance.ph. There are a lot more free resources there for you to benefit from. You may also want to attend EnRich™on May 25, 2013 (moved from May 18), our public training on personal finance. Details for EnRich™ can be found on the website.

Remember that excellence in saving is not a single act but a habit.

(Repost from Efren Ll. Cruz a registered financial planner of RFP Philippines, personal finance coach, seasoned investment adviser and bestselling author. Questions about the article may be sent by SMS to 0917-505-0709 or e-mailed to efren@personalfinance.ph. To learn more about the RFP program, attend a free orientation on May 9, 7pm at the PSE Center. Email at info@rfp.ph to register.)

You Must Set Financial Goals

An old saying goes, “It doesn’t matter where you came from. It doesn’t matter where you are right now. What matters is where you are headed.” 

Hindi na mahalaga kung baon ka sa utang ngayon. It doesn’t matter kung pinahirapan mo ang sarili mo noon. Bakit? Kasi nakaraan na iyon. Wala ka nang magagawa.

Pero what matters is where you are headed.  Ang mahalaga ay kung saan mo gustong pumunta ngayon.  How would you like to see your financial status a month from now? One year from now? Five years from now? Ano ang mga financial goal mo?  Mayroon kaming naging participant sa seminar before at ito ang kanyang naging financial goals:

Goal 1: Mula ngayon, hindi na ako mangungutang. “One of the best decisions we have made in our lives, sa amin pong pamilya, ay ang desisyon naming hindi na kami mangungutang. Grabe! Dati ay lubog kami sa utang. Mahirap ang lubog sa utang. Kaya nag-desisyon kami na hindi na mangutang, at dahil doon, hindi na lumaki ang aming utang!”

Goal 2: One year from now, I will be out of debt. “Eh, Sir, kasi may mga utang ako ngayon.  Kinompute ko na within one year ay makakabayad na ako ng aking mga pagkakautang.”

‘Yung sa iba, maaring two years o three years bago makabayad, depende sa lalim ng pagkakautang. Kaming mag-asawa, ang goal namin ay mabayaran ang aming mga utang within one year.  Sa awa ng Diyos, within one year ay nakabayad po kami.

Goal 3: Two years from now, I will have P250,000 in my bank account. Ito ang gagawin mo kapag nakabayad ka na sa lahat ng iyong pagkakautang. Puwede ka nang magsimulang mag-save. Depende sa iyo kung magkano ang kaya mong i-save sa loob ng isang taon. Napaka-importante ng goal na ito.

Goal 4: Five years from now, I will have my own 5-bedroom house. Pero kailangan ay alam mo kung puwede nang bumili ng bahay o hindi pa. May kakilala kami, noong bumili siya ng bahay, lalo siyang naghirap at nagkabaun-baon sa utang. Kung hindi pa kaya, huwag munang bumili.

These are just examples of financial goals. Maari kang gumawa ng iba pa. Just remember: “Commit to the Lord whatever you do, and he will establish your plans.” (Proverbs 16:3 NIV)

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(Repost/Excerpted from Vic and Avelynn Garcia’s book entitled Kontento Ka Na Ba Sa KaPERAhan Mo? available in National Bookstore, Powerbooks, Fullybooked, OMF and other leading bookstores nationwide. Also available in Unleash International Bookstore. For details, please contact 0922-UNLEASH (8653274) or 664-0892, 632-0148 local 8002-8003.)

Vic Garcia is currently the President and CEO of Unleash International Corporation, a high-tech, high-touch, high-impact training company whose main mission is to unleash the highest potential in people towards success, happiness, and significance through licensed and originally authored, world-class, high-impact training programs. 

Vic has been in the business for more than 20 years and has gained the trust and confidence of countless organizations. He is also the author of the Unleash Workbook and Unleash Learning Systems. His area of competence varies from work and life improvement, financial management, leadership, system, productivity, teambuilding, and other specialized seminars that will unleash the highest potential in people. He served as a consultant and a management coach to a number of CEOs and leaders of different companies. He is often invited to different television and radio programs to share his expertise in unleashing the highest potential in people.

Learn and apply practical ways of effective financial management through easy and doable techniques when you follow this series weekly. Follow Vic on Twitter, @UnleashMoney. Also visit www.unleashinternational.com and Unleash International on Faceboook, www.facebook.com/unleashinternational.

70-20-10 Principle

We have already discussed two budgeting principles in the previous articles. Below we proceed to the third, let’s have a review: The first principle in budgeting is Piso ‘Yan and the second is Kurot principle.

Now, let’s go the third: the 70-20-10 Principle.

Ito ang pangatlong prinsipyo. Apply the 70-20-10 Principle. If you want to be an Unleasher, starting today, live within 70% of your income.

If you are earning P20,000, magkano ang 70% ng P20,000? Kapag hindi mo alam ang sagot, hindi ka talaga yayaman. Kailangan marunong kang mag-addition, subtraction, multiplication, at division ha. Napansin mo ba ang mga Chinese? Ang gagaling nila sa Math! So starting today, mag-praktis ng Math!

Ang 70% ng P20,000 ay P14,000. So starting today, live within P14,000. Sabi ng isang participant namin, “Sir, malabo ‘yan. May malaking problema, Sir! Nang mag-compute ako, 100% ng income ko ay ginamit ko at kulang pa! Eh, paano ako mabubuhay sa 70%?”

Huwag kang mag-alala. Sa aming librong Kasusuweldo Pa Lang, Ubos Na, tuturuan ka naming magbawas ang iyong expenses by 30%. Ibig sabihin, kapag naka-save ka ng 30%, puwede nang mabuhay sa 70%, tama?

Mayroon naman kaming dating participant na ang sabi, “Sir, kapag nagbawas po kami ng expenses by 30%, malamang mabawasan din ang budget namin sa pagkain.” Oo nga, mababawasan nga iyon!  Sabi naman niya, “Eh, malaking problema po yun. Sir, baka mangayayat naman kami ‘pag ginawa namin ‘yun.” Alam mo, tiningnan ko sila isa-isa at sinabi ko, “Alam ninyo, marami sa inyo ang kailangang mangayayat!”

Ang kagandahan sa librong ito ay makakatipid ka na, mangangayayat ka pa!  Hindi mo na kinakailangan pang mag-gym para mangayayat.  Sa gym, may bayad pa.  Dito, makakatipid ka na, mangangayayat ka pa.

The 70% of your income should go to your Revolving Fund. What is a Revolving Fund? Ito ‘yung panggastos mo buwan-buwan.

Your 20% should go to your Automatic Savings. Simula sa araw na ito, kung gusto mong yumaman, at least 20% of your income should go to your savings. Paano gagawin ito? Pagdating ng suweldo mo, i-withdraw mo sa ATM ang 30%. Iwanan mo ang 70% at ito ang panggastos mo buwan-buwan. ‘Yung 20%, ihulog mo sa separate savings account.. Huwag pagsamahin ang panggastos buwan-buwan at ang savings.

Para saan ang 10%? Dito pumapasok ang kanya-kanyang paniniwala. Ang paniniwala namin, we give our 10% (tithe) or more to God. That’s what we believe, pero kung hindi ka naniniwala, hindi ka namin pipilitin. Dahil ang paniniwala namin sa buhay, walang pilitan!

In one of our seminars, one participant asked me, “Why are you giving 10% of your earnings to God?” This is my answer. First, because we are commanded by God to do it. We give our 10% to God dahil mahal namin at gusto naming sundin ang Diyos.

“Bring the whole tithe into the storehouse that there may be food in my house. ‘Test me in this,’ says the LORD Almighty, ‘and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it.’”  (Malachi 3:10)

Second, we invest our money wisely. Ipakikita namin sa iyo kung ano ang mangyayari kapag nag-invest ka. Iyong 20% mo, kapag inilagay mo sa bangko, magkano ang interest o ROI ng pera mo?  1%, 2%,  malaki o maliit? Maliit! Kami, kapag inilagay namin ang pera namin sa Diyos, magkano ang ROI? Ang pangako sa amin ng Diyos, one hundred fold! What is one hundred fold? That is more than 100%! Kung matalino ka, saan ka mag-i-invest?

Nakakita ka na ba ng bangkong nagsara? Yes! Nakakita ka na ba ng Diyos na nagsara? Wala! Ibig sabihin, our investment is secured forever with God!  So if you want to be financially successful, set aside 20% to savings. But if you want to be very, very, very rich, set aside 10% or more to God!  Pero… walang pilitan! Remember, God loves a cheerful giver.

“Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.” (2 Corinthians 9:7)

Shared by Coach Amos

0923-1520501

Like: http://www.facebook.com/coach.amos

Follow: http://twitter.com/coach_amos 

Visit: http://coach-amos.blogspot.com

(Repost/Excerpted from Vic and Avelynn Garcia’s book entitled Kontento Ka Na Ba Sa KaPERAhan Mo? available in National Bookstore, Powerbooks, Fullybooked, OMF and other leading bookstores nationwide. Also available in Unleash International Bookstore. For details, please contact 0922-UNLEASH (8653274) or 664-0892, 632-0148 local 8002-8003.)

Vic Garcia is currently the President and CEO of Unleash International Corporation, a high-tech, high-touch, high-impact training company whose main mission is to unleash the highest potential in people towards success, happiness, and significance through licensed and originally authored, world-class, high-impact training programs. 

Vic has been in the business for more than 20 years and has gained the trust and confidence of countless organizations. He is also the author of the Unleash Workbook and Unleash Learning Systems. His area of competence varies from work and life improvement, financial management, leadership, system, productivity, teambuilding, and other specialized seminars that will unleash the highest potential in people. He served as a consultant and a management coach to a number of CEOs and leaders of different companies. He is often invited to different television and radio programs to share his expertise in unleashing the highest potential in people.

Learn and apply practical ways of effective financial management through easy and doable techniques when you follow this series weekly. Follow Vic on Twitter, @UnleashMoney. Also visit www.unleashinternational.com and Unleash International on Faceboook, www.facebook.com/unleashinternational.

Kurot Principle

Last week, I discussed the first principle in budgeting. Ito ay ang Piso ‘Yan Principle. 

Now, let’s go to Principle No. 2: Kurot Principle.

Ano ‘yung Kurot Principle? Ay, ang ganda nitong Kurot Principle na ito. To better understand this, I will tell you a story of a person na balak bumili ng cellphone worth P1,000. Nagkataong mayroon siyang P100,000 na savings. Puwede ba siyang bumili ng cellphone? Puwede, kasi yung P1,000, kurot lang ‘yon sa kanyang savings.

May pangalawang taong balak bumili ng cellphone. Ang bibilhin niya ay worth P1,000 din. Mayroon siyang savings sa bangko na P1,000. Bumili siya ng cellphone. Anong tawag dun? Dakot na ‘yun! Dinakot lahat ang pera niya!

May pangatlong tao, balak bumili ng cellphone, pero walang savings.  P1,000 lang naman ‘yung bibilhin niya. Bumili siya. Anong tawag ‘dun?  Utang na ‘yun!

Ang tanong: ano’ng prinsipyo ang ginagamit mo sa buhay mo? Kurot, dakot, o utang?

Magtataka pa ba tayo kung bakit tayo naghihirap o baon sa utang? Ang gagaling nating dumakot! Ang gagaling nating umutang! Gusto mong yumaman? Starting today, matutong kumurot. Kapag may bibilhin, dapat kinukurot lang! Nagkakaintindihan ba tayo? Kapag ginawa mo ito, pangako, yayaman ka.

Pag-aralan nating muli ang mga pinakamayayaman sa Pilipinas, ang Chinoy. Again, bakit sila mayayaman? Ang gagaling nilang… kumurot!  Tayo ang gagaling nating… dumakot! Sasampolan kita…

Pinoy vs. Chinoy Businessman 

May dalawang negosyanteng nagsimula ng kanilang negosyo, isang Pinoy at isang Chinoy. Ang capital nila pareho ay P100,000.

Sa unang buwan, si Pinoy, kumita ng P10,000. Ano ang iniisip bilhin? Cellphone. Si Chinoy, kumita rin ng P10,000. Ano ang gagawin niya? Idadagdag niya sa puhunan.

So magkano na ngayon ang puhunan ni Chinoy? P110,000! Si Pinoy, P100,000 pa rin, pero may bago siyang cellphone. Ang ganda!

Ituloy natin. After a few months, maganda ang takbo ng negosyo. Si Pinoy kumita ng P50,000. Ang Pilipinong may P50,000, ano ang balak bilhin? Bibili siya ng home theater, DVD, at LCD TV! Si Chinoy, kumita rin ng P50,000. Anong gagawin niya? Idadagdag uli sa puhunan niya. Magkano na ang puhunan niya? P160,000 na!

A few months later pa, ang Pinoy kumita ng P150,000! Ang Pilipinong mayroong P150,000, ano ang balak bilhin? Second-hand na kotse o pang-downpayment sa bagong kotse. Ang Chinoy, may P150,000. Ano’ng gagawin niya? Idadagdag sa puhunan! Magkano na ang puhunan niya? P310,000!

Buwan-buwan, si Pinoy kumikita. Dagdag siya ng dagdag ng gamit. Magkano ang puhunan niya? P100,000! Si Chinoy, buwan-buwan kumikita. Ano ang ginagawa niya? Dagdag ng dagdag sa puhunan niya. One day, Chinoy was able to save P1 million!  So ginawa niya, he approached one supplier and said, “Supplier, kung bibili ako sa‘yo ng worth P1 million, bibigyan mo ba ako ng discount?” Hulaan mo kung ano ang sasabihin ng supplier. “Of course, ang dami mong bibilhin, kaya bibigyan kita ng additional 5% discount!”

Ngunit naisip ni Chinoy, “Hindi naman yata maganda na sa akin lahat ang 5%. Ang gagawin ko, bibigyan ko ang customers ko ng 3% discount at sa akin na lang ‘yung 2%.” Ibig sabihin, bababa ang presyo ng kanyang mga ibinebentang produkto.

It just so happened na magkatabi ang tindahan ni Chinoy at ni Pinoy. Pareho sila ng mga produktong ibinebenta. Given the situation, kanino kayo bibili? Kay Chinoy, because it’s cheaper. Ano ang mangyayari sa negosyo ni Pinoy? Malulugi na. Kasi mas mahal ang kaniyang produkto. Ano ang gagawin niya? Ibebenta niya ‘yung kotseng nabili niya ng P150,000. Sino ang bibili? Siyempre, ang maraming pera, si Chinoy. Tatawaran pa ni Chinoy ang kotse ng P80,000. Dahil gipit na si Pinoy, kahit palugi ay ibebenta na rin niya.  Si Chinoy ngayon ay nagkaroon ng kotse na murang-mura lang!

After a few months, mauubos din ang P80,000 ni Pinoy. Ano ang susunod na gagawin ni Pinoy? Ang home entertainment niya ay ibebenta na rin. Magkano? P20,000 na lang. Sino ang bibili? Si Chinoy. Darating ang araw na pati ang cellphone ni Pinoy ay ibebenta na niya. Magkano niya ibebenta? P2,000 na lang! Isang araw, magsasara na ang negosyo ni Pinoy. Ano ang gagawin niya? Malamang, magtatrabaho na lang siya kay Chinoy. Ito ang kuwento ng bansang Pilipinas!

Naalala mo pa ba noong araw, mas mayayaman ang mga Pinoy kaysa sa mga Chinese. Bakit nagbago? Ano ba ang problema natin? Dakot kasi tayo ng dakot! Sila, kurot lang ng kurot!

Mayroon kaming naging participant before na nagsabi, “Sir, hindi naman totoo ‘yan! I know a Chinoy, he drives a BMW. That’s a P5 million car! Kurot ba ‘yun?” Malamang kurot ‘yun! Noong binili niya ‘yun, mayroon na siyang P100 million na savings!  So kurot lang ‘yun!  Nandiyan ka pa ba?

Isang Kahig, Isang Tuka 

Saan ka makakakita ng mga taong isang kahig, isang tuka? Saan? Sa squatters area? Magtigil ka! Gusto mo’ng makakita ng mga taong isang kahig, isang-tuka? Sa Ortigas, sa Makati, may makikita ka.

What do I mean? Kapag hindi ka sumuweldo ng isang buwan, mabubuhay ba ang pamilya mo? Kung wala kang credit card, kung mawalan ka ng trabaho ngayon, ilang araw ang aabutin para mabuhay ng matino ang pamilya mo? Kapag nawalan ka ng suweldo, patay ka!

Ang mga Chinoy, kahit hindi muna kumita o magnegosyo, mabubuhay ng maganda. Bakit po?  Kasi many years ago, kumahig sila ng kumahig at tumuka lang konti. Kaya marami sa kanila ngayon, tuka na lang ng tuka. Maraming Pinoy, kapag hindi tayo kumahig, wala tayong tutukain.

Ito ang masakit–sometimes, kahit matanda na tayo, kahig pa rin tayo ng kahig. Gaano karaming Pilipino ang 60 years old  na ay trabaho pa rin ng trabaho? Puwede ba, simula ngayon, kumahig ka nang kumahig at iwasan munang  tumuka. I-deprive ang sarili ng kaunti.

Ang pinakamasakit sa lahat ay ito–one day, you want to work, but you cannot work. You are already old. Why? Nagpakasasa ka kasi noong bata ka pa. Inubos mo na lahat ng lakas at kalusugan mo sa bisyo.

Tanong: Masama ba’ng bumili ng mahal? Sagot: Hindi! Basta kinukurot lang! Kapag nakakita ka ng kasamahan mong naka-Nike shoes, huwag mong husgahan kaagad iyong tao! Malay mo, kinurot lang niya iyon. At the end of the day, what is happening to other people is not important. What’s more important is what is happening to you.

The Bible says in 1 Thessalonians 4:11, “Make it your ambition to lead a quiet life. You should mind your own business and work with your hands, just as we told you.” 

Next week, I will discuss the third principle in budgeting.

Shared by Coach Amos

0923-1520501

Like: http://www.facebook.com/coach.amos

Follow: http://twitter.com/coach_amos 

Visit: http://coach-amos.blogspot.com

(Repost/Excerpted from Vic and Avelynn Garcia’s book entitled Kontento Ka Na Ba Sa KaPERAhan Mo? available in National Bookstore, Powerbooks, Fullybooked, OMF and other leading bookstores nationwide. Also available in Unleash International Bookstore. For details, please contact 0922-UNLEASH (8653274) or 664-0892, 632-0148 local 8002-8003.)

Vic Garcia is currently the President and CEO of Unleash International Corporation, a high-tech, high-touch, high-impact training company whose main mission is to unleash the highest potential in people towards success, happiness, and significance through licensed and originally authored, world-class, high-impact training programs. 

Vic has been in the business for more than 20 years and has gained the trust and confidence of countless organizations. He is also the author of the Unleash Workbook and Unleash Learning Systems. His area of competence varies from work and life improvement, financial management, leadership, system, productivity, teambuilding, and other specialized seminars that will unleash the highest potential in people. He served as a consultant and a management coach to a number of CEOs and leaders of different companies. He is often invited to different television and radio programs to share his expertise in unleashing the highest potential in people.

Learn and apply practical ways of effective financial management through easy and doable techniques when you follow this series weekly. Follow Vic on Twitter, @UnleashMoney. Also visit www.unleashinternational.com and Unleash International on Faceboook, www.facebook.com/unleashinternational.

Piso ‘Yan Principle

Nakakita ka na ba ng taong nag-planong sirain ang buhay niya? Malamang, hindi pa. Pero bakit maraming taong sira ang buhay? Kasi, hindi sila nag-plano ng kanilang buhay. 

Ang sabi nga nila, “People don’t plan to fail, they just failed to plan.”  

Ito ang isa sa pinakamalaking problema ng mga Pilipino. Hindi tayo marunong mag-plano. Asar na asar tayo sa pagpa-plano. Kaya hindi tayo yumayaman.

Eh tayo, ano ang ginagawa natin? Bara-bara ‘bay, o kaya, “Que sera, sera, whatever will be, will be!  The future’s not ours to see!  Que sera, sera!” Ganyan tayo!

Ang pagyaman ay hindi tsambahan. Itanong mo kay Tony Tan Caktiong, Henry Sy, o kaya kay Lucio Tan o kay John Gokongwei. Hindi sila tsumamba sa pagyaman. Nasa plano nila iyon. So ang buhay, pina-plano! Kaya napaka-importante ng pagpa-plano.

Ito ang Step No. 5 on how to unleash the highest potential of your money: You must plan to achieve your goals by having a… budget. Paano mag-plano sa pera? Dapat mag-budget.

What is a Budget? 

A budget is a plan that balances income and expenses. Napakasimple ng budget. Babalansehin mo lang ang iyong kinikita sa iyong expenses! Ganoon lang? Oo, ganoon lang.

Pero bago ka namin turuan kung paano mag-budget, tuturuan ka muna namin ng three very powerful budgeting principles! Sa totoo lang, gawin mo lang ang tatlong ito, gaganda na ang buhay mo (kahit hindi mo gawin ‘yung iba). Pero mas maganda kung gagawin mo itong tatlo at gagawin mo rin ‘yung iba. Tatlong prinsipyo, tandaan!

The First Budget Principle 

Ang unang prinsipyo: “Piso ‘yan.” 

Ano ang gagawin mo kung sa paglalakad mo sa kalye ay nakakita ka ng piso? Ano ang gagawin mo? Dadamputin?  Dadamputin mo ang piso? Ang dumi-dumi na ‘nun!

May halaga pa ba ang piso ngayon? Aber, ano ang mabibili ng piso? Ano? Kendi? Alam mo, ang laki-laki ng problema nating mga Pilipino. Ang pisong madumi, pinupulot natin. Ang pisong malinis, tinatapon natin.

Ano ulit? Ang pisong madumi, pinupulot; ang pisong malinis, tinatapon!

Anong piso ang tinatapon natin? Heto: gaano na karaming piso ang itinapon mo sa walang kakuwenta-kuwentang text?

Ito ang sinasabi ko sa iyo: importante ang piso. Ang problema, kapag lumapit sa iyo ang anak mo at humingi ng piso, anong gagawin mo?  Bibigyan mo?  Hindi! Bakit? Wala ng bata ang humihingi ng piso! Hindi na sila humihingi ng barya! Gusto nila, papel!

Ang sabi ng Nanay, “P20 bibigyan ko. Sir, P20 LANG naman ‘yan e! Pag-aawayan pa ba ‘yan?”

Kapag nagpunta ka ng mall, nakakita ka ng T-shirt. Dating P500, ngayon ay sale. P200 na lang.  Bibilhin mo?

“Syempre naman, Sir!  Nakatipid ako ng P300!”

Nakita mo lang ay nakatipid ka ng P300. Hindi mo nakita na gumastos ka ng P200! Sa isang T-shirt na hindi mo naman gaanong susuotin.  Nandiyan ka pa ba?

“Sir, sayang naman. Sale!”

Hindi mo malaman ang gagawin mo. Nanginginig ka pa na parang ayaw mong umalis kasi baka pag-alis mo ay mawala na yung T-shirt! Kaya ayaw mong umalis! Ayaw mo pang umuwi. Ang laki ng problema mo! Sayang kasi P200 LANG!

Ito po ang unang-unang prinsipyo sa budgeting: Piso ‘yan! Piso ‘yan! Basahing muli… PISO ‘YAN!

Mula sa araw na ito, bago bumitaw ng piso, ilagay sa isip, PISO ‘YAN! Hindi piso LANG ‘yan! Napaka-importante niyan. Bago bitawan ang piso, pag-isipan muna nang matagal. Pangako, yayaman ka.

Sino ang pinakamayayamang tao sa Pilipinas ngayon? Mga Chinese taipan!  Tony Tan Caktiong, Henry Sy, Lucio Tan, Gokongwei! Iyan ang mga mayayaman! Alam n’yo ba kung bakit sila mayaman? Dahil sa kanilang budgeting principles.

Ano ang budgeting principles ng mga Chinese? “Hindi mabubuo ang piso ‘pag walang singko.” Sa kanila, importante ang singko. Kaya bago sila bumitaw ng singko, pinag-iisipang mabuti. Tayo, tapon na lang nang tapon.

Kung gusto mong yumaman, bago bumitaw ng piso, isipin muna, piso ‘yan!

Application: Halimbawa, nagte-text ka at mag-se-send ka na, pero naisip mo, piso ‘yan! Huwag mo na lang i-text! Napaka-simple! Nakatipid ka ng piso. ‘Pag nakatipid ka ng 100 na P1, P100 na iyon. ‘Pag nakatipid ka ng 10 na P100, isang libong piso na iyon. Alam mo ba na ‘pag may isang libong piso ka, P999,000 na lang, milyonaryo ka na?

Paalala lang, ang ibang mga text, related sa trabaho ha!  Hindi ‘yun ang pinag-uusapan natin. Iba naman ang mga walang kakuwenta-kuwentang text at ang mga text na “Wer na u?”, “Here na me!”, ”K” – ito yung mga ‘yun. Iba po ‘yung office-related. Doon po tayo kumikita. These are not expenses.  Ano’ng tawag doon? Investment. May ROI (return on investment) ‘yon!  Okay ‘yon!

So, kapag humingi ulit ang anak mo ng piso, ano ang gagawin mo? Ako, kapag humihingi ng piso ang anak ko, hinihingan ko ng justification. Tinatanong ko, “Anak, bakit ka nanghihingi ng piso?” Ang sagot ng bata, “Kasi Daddy bibili ako ng candy.”

Tanong ko ulit, “Bakit mo kailangan ng candy?” Ang sagot ng bata, “Gusto ko po kasi… uh… uh…” Wala ng masabi ang bata. Wala ng maisip. Kaya, “Uh… gusto ko lang po!”

Hindi puwede ‘yun! Kayo ba sa kumpanya n’yo, puwedeng, “Sir, kailangan ko po ng P10,000.” Kapag tinanong ka kung bakit, ang sagot mo ba ay, “Gusto ko lang po!”  Hindi puwede!  Dapat may dahilan!

So, anong sasabihin mo sa bata – “Bakit mo kailangan ng candy?” Kakamot na lang ng ulo ‘yun at sasabihin sa iyo, “Sige po, ‘wag na lang po!” Nakatipid na ako ng piso!

Next week, pag-uusapan natin ang ikalawang budgeting principle.

Shared by Coach Amos

0923-1520501

Like: http://www.facebook.com/coach.amos

Follow: http://twitter.com/coach_amos 

Visit: http://coach-amos.blogspot.com

(Repost/Excerpted from Vic and Avelynn Garcia’s book entitled Kontento Ka Na Ba Sa KaPERAhan Mo? available in National Bookstore, Powerbooks, Fullybooked, OMF and other leading bookstores nationwide. Also available in Unleash International Bookstore. For details, please contact 0922-UNLEASH (8653274) or 664-0892, 632-0148 local 8002-8003.)

Vic Garcia is currently the President and CEO of Unleash International Corporation, a high-tech, high-touch, high-impact training company whose main mission is to unleash the highest potential in people towards success, happiness, and significance through licensed and originally authored, world-class, high-impact training programs. 

Vic has been in the business for more than 20 years and has gained the trust and confidence of countless organizations. He is also the author of the Unleash Workbook and Unleash Learning Systems. His area of competence varies from work and life improvement, financial management, leadership, system, productivity, teambuilding, and other specialized seminars that will unleash the highest potential in people. He served as a consultant and a management coach to a number of CEOs and leaders of different companies. He is often invited to different television and radio programs to share his expertise in unleashing the highest potential in people.