Working for Money or Money Working for You?

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/

For Nenita Raymundo, only one thing spells the difference having money and having none. “It’s attitude that matters most,” she says.

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? Read the rest of this entry

My wife and I are already finished with paying the 2 memorial lots that we bought last year. We paid the 2 lots in terms – a 1 year payment with no interest. We are thinking to buy more because my wife and I think that it’s really a good investment. We believe that the best time to buy a memorial lot is during the development stage when big discounts are given. The price increased to 20% already since we bought the lots last year.

Why do more people today buy memorial lots ahead of need?

No. 1 is choice. Since interment usually happens daily, choice of lots are also being bought daily. So by the time you actually need one, you’ll most likely look at a sold lot and wish you could still buy it. Buying now assures you of getting that choice lot – today.

No. 2 is affordability. If you buy a lot at the time of need, you will have to make a full payment. You also pay more since lots will sell higher in the future. Buying now not only locks you to the current price, you can also buy under more affordable payment terms such as 3 years or 5 years to pay.

No. 3 is protection. When you buy ahead of need, you assure your family of less financial strain upon the demise of a family member. What’s more, installment purchase is covered by insurance (up to a maximum of P200,000) -adding further protection for the family.

No. 4 is investment. Think of it as buying budget meals daily. In 3 years, you would already have paid for a property. One thing is sure though; the lot you buy now will sell higher in the future. And because fewer lots are available in the future, you are assured that you have invested your money on a “high demand” instrument.

For those who are looking for affordable investment, you may get in touch with Lorenzo Tipon of Eternal Gardens at 09205945850

Don’t you think it’s time you buy ahead of need?

Our house is currently mortgaged for 10 years. By February of next year it’s already our fifth year. My wife and I are planning to refinance our mortgage if the interest is lower than the current one we have. We’re also planning to expand our house by taking additional loan, but that’s another topic to discussed in the future.

Advantages of Mortgage Refinancing

There are many advantages to having your mortgage refinanced.  Of course, the most important and obvious reason is the lower rate you’ll enjoy.  When applied at the right time and opportunity, having a mortgage refinanced can save you a lot in the long run.  However, since timing plays a crucial role in refinancing, it’s important that you understand the factors that can affect how successfully you can take advantage of it.  So how soon can a mortgage be refinanced and should you?

The right time
Getting a mortgage is not for sissies.  Read the rest of this entry

Owning a house is on every Filipino family’s wish list. Here’s the step-by-step on how to buy your first one;

1.  MAKE A LIST OF NEEDS AND WANTS.

Evelyn Solis, vice president for marketing ans sales of One Asia development Corporation, says the list should include the parameters of your decision; location, accessibility and aesthetics.” Don’t rush for the sake of buying”, she advices.”Rushing might later yield a bad result” Solis says family members must rank their needs and wants before finalize their plan to buy a house. Dad and Mom, for instance, must consider the location of their workplace and their kids schools vis-a-vis the prospective house.

Many real estate developers stress proximity of their projects to such important places such as hospitals,churches, schools, malls,markets,cemented roads,and public transport systems. “These are important considerations for the buyer. In these times of burgeoning population in metropolis, grueling traffic is a major factor, “Solis says.

Of course, it’s important to ask what type of housing you are looking for, Does the family wants to buy a house and lot or a condominium unit?

For instance, a newly married couple might buy a condominium unit because they’re living a fast-paced life. But this could change later when they become parents and want bigger space for their kids or for after-office activities such as walking in the park or tending a garden in their backyard,’ says Solis.

TIP: Think long-term. The real estate expert says decision-makers in the family must be prepared because, unless you’re buying to invest, a house is a long term project that’s by no means an easy undertaking. Consider changes in incomes and ages. Consider too your collective commitment. Is the family willing to sacrifice of monitoring and supervising the construction of the house?

2. CONSIDER YOUR BUDGET.

How much can you afford? Read the rest of this entry