Even if hundred of thousands of Pinoys are working abroad as OFW, survey still shows that 90% of Filipinos do not have enough savings even if they cut back on expenses already.

Why? Simply because of lack of  knowledge, specifically in financial management.

Did you  know that richest people in the Philippines and other parts of the world (based on Forbes Magazine’s “Richest” lists) built their wealth through business, investing, or real estate.

Opportunities abound that will make your hard-earned money work for you, create automatic and passive income, offer unlimited income potential, build appreciating and income-generating assets, and help you become your own boss. Money Summit & Wealth Expo will present all these opportunities. Now it’s your turn to become wealthy!

Money Summit and Wealth Expo 2010

WHAT YOU WILL LEARN

There are different roads to riches. In this conference, you will learn the four most practical and most common ways to achieve wealth. Each opportunity presented will answer these three key questions:

1. How much money can I make? You will learn about the size of the market and what you can reasonably expect to earn.
2. How will I make money? You will get an overview of the different market opportunities, various business models, and strategies to make money.
3. How do I get started? You will find what you need to start and what specific steps to take to get started.

The Money Summit & Wealth Expo features real millionaires and money-making experts from the fields of real estate, investing, business, and sales.

The conference is divided into four areas, covering 16 income opportunities and wealth-building strategies. Each day will have topics on these four areas. Below is the program schedule (subject to change without prior notice):

Day 1, July 2, Friday (8:30-6:00)

• The Think Rich Quick system of flipping properties, with master real estate investor Trace Trajano (via live webinar)
• Infopreneurship: Make money in the information business, with Master List Builder Joel Christopher (via live video streaming)
• Get rich through rent-to-own properties, with rent-to-own specialist Eden April Alemania-Dayrit
• Secrets of direct sales superstars, with superstar sales performer, best-selling author, and top trainer Dr. Rodolfo “Dr. Dups” de los Reyes
• Simple stock market investing: The way to a richer life, with CitisecOnline.com chief executive Conrado Bate
• Beat the market with foreign stocks and funds, with Global Investor’s Center’s Malaya Laraya
• Telesales: How to make money selling over the phone, with One Outsource Direct president Butch Villamor
• Fast and furious profits in forex trading, with master forex trader Mark So

Day 2, July 3, Saturday (8:30-6:00)

• Make millions in network marketing*
• How to become a Pinoy eBay power seller, with certified eBay instructor and power seller Eireen Diokno-Bernardo
• How to build a million peso home-based Internet business, Internet marketing expert Jomar Hilario
• Make money in franchising, with Francorp executive and Philippine Franchise Association head Bing Limjoco
• Start and grow a lucrative Multiply business, with Renegade Folk co-founder Regina Sambalido
• Boost your portfolio with alternative investments, with Superfund Financial Hong Kong Ltd.’s Joseph Wong
• Quick profits in foreclosures, with The Property Forum founder and real estate auction expert Noli Alleje
• The Rich Dad way to getting rich, with Laurus Enterprises CEO Jerome San, official partner of Rich Dad Asia in the Philippines

* subject to change

If you would like to know more about the Speakers and the process on how to register, please visit: http://iluvlearning.com/money-summit-wealth-expo/

We just installed our own currency or money exchange rate page here at KayaMoPinoy. This page is dedicated to all who looking for the latest exchange rate in the market and not only to our OFWs kababayan who always on the lookout for the best exchange rate of their hard-earned money.  We also display a widget version on top of our website  for the more popular currencies.  Just click on the words “More Currency Exchange Rate” to see other currencies.

Kindly note that the information is provided ‘as is’ and solely for informational purposes and not for trading purposes. Data is provided by financial exchanges and may be delayed as specified by financial exchanges.

We highly suggest that you check the currency Exchange Rate page before you run to your nearest bank or your “suking” currency exchange shop (or what we call “blackmarket”). This is to give you an advance information  if the bank or the shop is giving you the fair exchange rate.

The page is still in a beta phase. Kindly let us know if you have any suggestions or how to make the page more useful to you.

Plantersbank Handy Credit – Entrepreneur Personal Loan

A non-collateral cash loan worth P100,000 to P500,000. The installment plans are flexible, ranging from 12 to 36 months. Applicants should be sole proprietors or self-employed individuals between 30 and 65 years old, with a business operating profitably for the past three years and total gross monthly sales of P50,000. Applicant must also be credit card holders for at least one year with good credit standing and with single combined credit of at least P50,000.

Plantersbank Auto Loan

This is for aspiring car owners who wish to purchase a brand new or pre-owned car up to five years old, or existing car owners who either wish to refinance an existing car loan or get a cash loan with an existing car as collateral. The minimum loan amount of P100,000 can be paid in up to five years.

Plantersbank Small Bizloan

A multi-purpose credit facility lending P500,000 up to P5 million as a revolving credit line or term loan. Approvals are given in only 10 days upon submission of requirements.

For more information, visit www.plantersbank.com.ph or the Plantersbank nearest you.

Nenita believes that attitudes got her where she is right now- a unit sales manager of life insurance firm Nippon Life Philippines. Her resume boasts impressive achievements including,among others, being named Consistent Achiever & Annual Awardee by Nippon life. She was also given that title by her previous employers, including Sun Life Of Canada, Lincoln Life Insurance, Ayala Life, Fil-Estate Realty Corporation, and Berkely International Life Insurance.

Yet life was not always good for this 57-year-old mother of four. She came from impoverished family and she never finished college. But rather give in to her circumstances, she fought back. “I hated poverty, and if you really hate poverty maaalis mo yun.”

While working as a receptionist in 1966, she discovered her knack in selling. While serving coffee to visitors,she successfully convinced them to buy real estate. A year later, she pursued a sales career full time.

One important lesson that Nenita learned early on was that you shouldn’t be ashamed of who you are. “hindi ko na-feel ang hiya. ‘Pag naglalakad ka, wala namang nakadikit sa noo mo na nagsasabing doctor,nurse, or lawyer ka, di ba?So I realized it is only your attitude that will defeat you. I can talk to both president and the janitor and make them feel at ease.”

Before you can save, you have to have the money to save- and this is still a matter of attitude. Some people want to become rich, yet what are they doing? “ They sleep in late then go places bets at the Lotto stand, hoping to be the next millionaire,” she says. In her case, she would wake up early each day to make phone calls to some 40 potential clients.

Of these people, I need to have a face-to-face meeting with four or five everyday. We have a saying that in 10 prospects, one will buy immediately, three will buy next month,three will say, ‘Not this time,’ and three won’t buy but will give referrals.” It can get pretty discouraging, that’s why optimism is crucial says Nenita,”I just keep in mind about buyers; Some will, some won’t, so what? Next?””

But what if you’re a simple homemaker without earning power? Listen: “Kung naka-focus ka sa paghahanap ng pera, makikita mo ito. Kahit nasa bahay ka lang puwede ka pa ring kumita. Kung marunong ka ng pananahi, ng crafts, ng cooking, you can use this skill.” The secret, Nenita reveals, is to find out what the buyer’s needs are. “Anong ginagamit ng tao? Ibenta mo at bibili sila.”

And when you’re already earning you have to protect the fruits of your labor. Nenita says, “Earnings from a sales career in particular is not fixed. Hindi lahat ng panahon sagana ka. There was a time I closed a P100 million insurance policy from one person alone and averaged 50 million per policyholder. But there were also times na tag-hirap. So we put 10 percent in tithing because we believe that God returns what we offer in unexpected ways, and 10 percent in savings.”

Nenita feels so good that she has no intention of retiring soon. “I feel I can go on for many more years, because I enjoy my work and my life.”

“I’ve always believed in the power of saving because otherwise, what are you working so hard for?” she says.

Marj sets short-and long-term saving strategies. For the short term, she calculates how much she can save from her earnings every year and stick to it. For the long term, she seeks ways to make her money grow.

Marj advises first-time savers to place their money in savings accounts. As they build their savings, they can move on to time deposits and then move on to time deposits and then to mutual funds. While Marj used to play the stock market, she is more conservative now that she has a family. Her advice: “ If you want to go to stock market, you have to have the time to monitor things. And you have to be willing to lose sometimes.”

Marj’s saving strategy has enabled her family to achieve their money goals. They now have their own home and they even provided a little something for their daughter. But Marj has more dreams in mind. “I want to travel Europe, but I really want is retire while I’m still young so I can enjoy the fruits of my labor with my loved ones”.

We actually set aside some of our savings for various fees such as processing fee, documentary stamp, notarial and other fees the other bank will impose.  Until we received a letter today from our current bank stating that they reduced our monthly amortization to 9.50% per annum. This is indeed a good news for us. We don’t have to shell out any money to pay for the fees I’ve mentioned, and no need for us to fill-up new documents too which I really hate doing.

Have you refinanced your home loan? Or do you have any idea on what it’s all about?

Home refinance in other terms can be called refunding on the same property. Home loan refinances are taken up usually to repay the first home loan and continue the second loan with a favorable rate of interest. A home loan refinance always lowers down the interest rate from the prevalent interest rates. This profitable home loan refinance rate can be the biggest reason to refinance your home loan. There also can be various other different requirements for taking up a second loan or a refinance.

Reasons to obtain a Home Loan Refinance

You may like to change the tenure period of the first loan. You may even obtain a home loan refinance rate to shorten the duration of the repayment schedule. A quicker repayment helps to unburden the borrower from the loans. Shorter loan tenure may raise the interest rate a little bit. But paying the loan quickly will invariably save a lot of money.

Home loan refinance rate, which is bargained hard to get at the desirable rate, is the most important factor for a borrower. Some borrowers would often obtain a home loan refinance rate to change the variable rates of interest to a fixed one. With the refinance loan on the same property you can easily avail a fixed rate of interest. A Fixed rate of interest always remains unchanged throughout the period of the repayment of the loan. It does not get affected by the unstable market of the loan industry.

Procedures to obtain the Best Home Loan Refinance Rate

The Internet nowadays has made it quite easy and hassle free to search and apply for a home loan refinance. One can search the web to know the loan market. He can compare and judge the best loan package offered by the various lending companies and the banks.

To know one’s eligibility one can fill in a loan application form with his personal details. The form will ask for the financial details of the borrower. It will need bank statements, credit statements, income proof and other related financial details to judge the eligibility of the customer. After submitting the form online the borrower has to wait for the detailed verification of his credit scores. A thorough checking of all the credit details will ensure the borrower of a grant of home loan refinance. If the credit records are extremely bad the lenders or the banks may also reject the loan application. In this case you may try other lenders to secure the loan.

Advantages of a Good Home Loan Refinance Rate

If the rate available for a home loan refinance is very low then it can prove to be a good deal saving of money. The home loan refinance rate is bargained between the lender and the borrower to make it as low as possible. The lowest rate will proportionately delineate all the extra costs of repayments and save a lot of money in the process. The home loan refinance rates are to be compared between the various websites offering different quotes, rates and terms. A reasonable comparison and a good bargain will help to resolve the financial problems of the borrowers.

1. Think and Act Rich – It is what you choose to think, and act upon, that produces the money you want. What you think will be, will be.

2. Control Your Expenses – It’s living “below” your means and not “within”.

And here’s our last post for this series:

Many people think that rich people are selfish, that’s why they have lots of money at hand. This may be true in some cases; however, there are a lot more individuals who are wealthy because they know how to give.

When you give something from your heart without expecting anything in return, you release a powerful force that will trigger your good deed to “bounce” back to you in amazing, and sometimes unusual ways.

Whenever possible, be generous in giving to others. You will notice that what you receive, or the return, will be more than what you give. As humans, we have the tendency to reciprocate what we receive. But don’t give for the sake of expecting something in return. Give freely from your heart, and the rewards would be greater. The act of giving can summon the spirit of joy to come into your heart. How would you feel when you’ve given something to your less fortunate neighbors?

Let me tell you that nothing could brighten up a day more than hearing them express their most heartfelt gratitude and seeing their smiles extend from ear to ear.

Giving is also a healthy habit. It could prolong your life by instilling within you an inner sense of peace and accomplishment.

What you give doesn’t necessarily have to be something material. It can also be time, effort, talent, service, or even an affectionate feeling.

Just like all things in life, giving has its limitations. Being too generous can have its toll. Your kindness might be taken advantage of and people might abuse your good intentions. Beware of individuals who are continuously seeking your aid. It’s better to teach them how to solve their problems than to always attend to their needs.

As one saying goes … “Give them some fish and you’ll feed them for a day. Teach them how to fish and you’ll feed them for a lifetime.”

Lastly, here’s what I consider the most important rule about giving. Keep your good deeds to yourself. Don’t announce to the whole world that you’ve donated $100,000 to your favorite charity or that you’ve helped save a child from a life-threatening disease.

If you really desire to give, do it secretly and in private. Some people would write “anonymous” rather than their own names when they’ve made a contribution. The universe smiles upon these individuals, and they will get their just rewards in due time.

Consider this: If you are on the giving end, doesn’t it mean that you are in a better position than the recipient? Doesn’t it complement your character?

There is never enough savings, that is why we sometimes find a second job. And this is the reason why we want to improve our lives financially, by getting off the “rat race” and achieving financial freedom.

Sometimes, we have the uncontrollable habit of buying things we don’t actually need, especially when items are “on sale.” We stock up on things that are “on sale” thinking that we are saving. At first thought, it seems we are, but on second thought, we are actually losing. Foodstuffs get spoiled. Clothes go out of fashion. Appliances’ warranties expire even before they are used. Sometimes, they become defective due to prolonged storage. And new models are introduced which makes what you have on hand, obsolete or phased out. This might probably be the reason why they are “on sale.” If you notice, most electronic appliances are expensive the first time they are introduced and they become cheaper in time.

We stock up on things thinking that a similar opportunity might not come our way the next time. I hate to say this but probably some products are excessively produced on purpose, to be put up “on sale” if not completely sold while regularly priced. To some producers, it’s cheaper to sell at cost or minimum profit than to keep under storage, not to mention expiration dates. This is also one way to promote a product. You see, when people know that a certain product sometimes goes “on sale,” they always have the product on mind. It’s free advertisement at its best. The product makers don’t lose money anyway. On the contrary, they make money.

All too often, even the rich people fall prey to this kind of promotion. The poor and middle class would say: “I might as well spend my savings on these items since little savings are not going to make me rich anyway.”

And you know what happens to your house if you keep on stocking up? You turn your house into a warehouse. There will be clutter everywhere, especially when your house isn’t big enough.

You buy things “on sale,” only if you intend to sell them for a profit and not for your own future consumption. Keeping a reasonable quantity is justifiable.

Be prudent. This is one habit that we need to improve or correct. If you are making enough or more than enough, keep in mind that it is not how much you make that can make you rich. It is how much you spend and how much you keep.

Some of us have the habit of buying luxuries the moment we have the money or credit line for it. Most rich people, in spite of being rich, buy luxuries last.

With the money you keep, books are some of the best investments. They keep you skillful. They open up new horizons which can lead to creating wealth. The same thing is true with seminars, tapes, and other media related to acquiring financial knowledge.

Feel Rich and Be Grateful

What I am about to tell you is a simple yet very powerful way of attracting wealth and prosperity in your life.

First, imagine what life would be like if you are rich.

Don’t just see it. Feel it as if you’re already experiencing the luxuries and lifestyle of the rich. Do you see yourself driving your dream car? What model and color is it? Touch the seat and feel its soft texture. Open the car radio and listen to your favorite music. Experience the joy of driving it towards your favorite place.

Maybe you could visualize a house. How many rooms does it have? Take a relaxing soak in the bath tub. Smell the food aroma coming out from the large kitchen. Play sports in your own private gym.

The important thing here is to believe that you are already rich.

Now doesn’t that feel good? By doing this exercise, you are unleashing the powers of your subconscious and directing it to give you what you’re dreaming of.

But it doesn’t end there. To make this even more effective, breathe slowly while still hanging on to this wonderful feeling of being rich, and say a small thanks to God, or to a Higher Power.

By being grateful, you are commanding the Powers of the Universe to work in your favor. You are confirming that you are graciously accepting your blessings.

Try it out. Believe and feel that you are already wealthy, and be thankful for it. You will be astounded by the results.

The invitation starts here:

Attention: Human Resources Manager
Subject: Free Financial Planning Seminar
Dear Sir/Madam:

Greetings!

We believe that it is every employee’s aspiration to be financially independent in life! However, studies have shown that only 1 out of 10 Filipinos are actually saving for their financial future.

As such, we strongly believe in the paramount value of saving and investing as a financial tool to have a secured future for yourself and your loved ones. And, it is for this purpose that we are reaching out to you for an opportunity, which you might consider worthy of your time.

For more than 114 years now, Sun Life Financial-Philippines, one of the leading financial services companies in the country today, has remained steadfast in its mission to provide financial freedom to every Filipino family. The company has well-trained Financial Planners to herald the good news about the benefits of planning ahead to cushion the impact of life’s uncertainties.

It is in this light that we would like to offer a FREE SEMINAR on FINANCIAL PLANNING to your company employees for the purpose of educating them on the importance of saving and investing for the future.

This seminar and workshop aims to:
(1) Educate employees on the basics of Wealth Management through financial planning to enable them to effectively manage their finances;
(2) Conduct a simplified workshop on Cash Flow Analysis;and
(3) Provide access to a wide array of financial instruments that could meet your employee’s financial goals.

Moreover, the seminar will demonstrate your genuine concern for your employees’ welfare. This could form part of your organization’s “Attraction and Retention Program” so that you retain your key people, thereby save on valuable human capital.

The undersigned has provided this Financial Wellness seminar to the following companies: PLDT Retirees, Convergys, Tollways Management, Magsaysay Shipping, Bouvet Ship Management, South Field Agencies, Philippine Coast Guard, Orient Semiconductor, Bayantrade, NEC Telecom, Digital Media Exchange, Digital Paradise, Inc., (Netopia), and Pascual Laboratories.

For immediate queries, you may contact the undersigned, Mr. Antonio Miguel J. Sanchez, Jr. of Rosewood New Business Office at telephone no. (63917) 3256218 or email at antoniomiguel.j.sanchezjr@sunlife.com.ph.

Thank you for your attention and we look forward to be of service in the near future.

Sincerely,

Antonio Miguel J. Sanchez, Jr., RFP
Financial Planner
… carpe diem!

About the Speaker:

Mr. Antonio Miguel J. Sanchez, Jr. is a Financial Planner for the last eight years and prides himself of helping hundreds of clients and families prepare for their various financial goals & needs.

Also, Mr. Sanchez has conducted various Financial Planning Seminars throughout his career, providing invaluable information to employees and executives in industries such as Business Process Outsourcing, IT-Telecoms, Maritime Agencies, and others. Among the companies he provided Financial Planning seminar to include Convergys, Tollways Management, Magsaysay Shipping, Bouvet Ship Management, South Field Agencies, Philippine Coast Guard, Orient Semiconductor, Bayantrade, NEC Telecom, Digital Media Exchange, Digital Paradise, Inc. (Netopia), and Pascual Laboratories.

Mr. Sanchez holds licenses with the Insurance Commission (Life and Variable Life) and Securities and Exchange Commission (Pre-Need and Mutual Funds). He has completed various Financial Planning Programs, such as the Registered Financial Planning Program, Investment Planner Program and PRU Financial Advisor Program.

Mr. Sanchez is a member of the Life Underwriters Association of the Philippines, Sales Advisory Council and awaiting membership from Register Financial Planners Institute of Ohio, USA and Association of RFPs in the Philippines.

Mr. Sanchez, likewise is actively involved in HMO-health, Property, Motor Car and Casualty Insurance and financial services such as, Retirement Planning, Educational Funding, Estate Creation & Preservation, Business and Key-man Insurance, and Investment Management.

Should you require a Financial Planning Review, please feel free to contact the undersigned at CP# 0917-3256218 and 776-4194 or email at bostonloyalty@gmail.com or antoniomiguel.j.sanchezjr@sunlife.com.ph.