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/

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.”

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?

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.  This type of loan, whether you’re taking it out to purchase a car or a house, is easily one of the biggest financial decisions you’ll ever make in your life.

If you’re taking out a home mortgage loan and are considering getting it refinanced later, you’ll be glad to know that you could probably do it at any time you want.  But once you have a mortgage and interest rates begin behaving in a manner that is favorable to you, you shouldn’t automatically apply for refinancing.

First, the difference in the new interest rate and the current interest rate should be enough to actually give you some advantages.  Second, most lenders will probably advise you to refinance only after your loan has matured for a minimum of 12 months or so.

However, it’s good to consider this only if interest rates have remained more or less the same.  If, at any time after you have taken out a mortgage loan the market trend begins tipping to your advantage, you should consider refinancing your loan.  Remember that interest rates are rather volatile and if you wait too long for them to dip further, you could miss out on a very good opportunity to get a good deal.

Consider the 2 percent rule.
Just because interest rates have fallen a tiny bit does not automatically justify your decision to refinance.  Consider refinancing only if the new interest rate is at least 2% lower compared to the rate you’re currently paying.  A 1% difference in interest is not sufficient reason to make the switch.

Remember that there are costs associated with a new loan.  When you consider refinancing for your mortgage, remember that you will have to pay extra for closing fees.  An interest rate as low as 1% will not cover the expense.

You have no late payments.
You could go ahead and refinance a mortgage provided you have paid your loan faithfully for the last 12 months.  If you have never had a late payment during the last year, you could make the shift and have your mortgage refinanced.

You have already built up equity.
If you want to refinance a mortgage soon, try to examine if you have already built up equity.  You should have a minimum of about 5% or 10% equity (depending on the lender) before you could consider refinancing as a feasible option.

So is refinancing an option for you?
Of course, you can always consider refinancing your mortgage at any time you feel most comfortable.  The key is to consider the time factor, along with the type of opportunity being presented by the market.  After all, refinancing is really getting a new loan.  Just be prepared for the procedures and costs that you will have to go through all over again.

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? Do you make an outright purchase to get huge discounts? Is your money just enough for downpayment? How much monthly amortization can you afford to shell out? If you need some financing go to your bank and check their requirements for a housing loan. Also check if you’re eligible for a housing loan.

TIP: Look for banks that offer low interest rate. Choose one that offers fixed rates rather than floating rates.

3. SCOUT FOR THAT DREAM HOUSE.

Although oil price hikes are pushing prices of commodities skyward, take the advantage of the still recovering real estate market to find great bargains. Look through advertisements, referrals from friends,brochures passed around in malls, and even in newspaper notices from banks wanting to dispose of foreclosed properties.

Join open house trips conducted by property developers, says Solis. You might also want to scout online to save time.

TIP: Foreclosed properties are cheaper. Depending on the property’s location and phydical condition, the properties being auctioned off are five percent to 30 percent lower than the market price of similar properties in the area.

Once you spot some possibilities you might want to bid on, do serious inspection. Study the location, neighborhood, and affordability. Factor in renovation costs as the property might need some repainting or total demolition.

4.TAKE YOUR PICK.

Given your family’s requirement and what the market offers, you can now choose as a family. In the family, Solis says, the wife usually makes a decision based on what she feels; the husband on what he thinks. Remember to balance these aspects, she advices.

5. DO A BACKGROUND CHECK ON THE PROPERTY DEVELOPER.

Check the developer’s licenses and permits to sell. See if they are approved by the Housing and Land Urban Regulatory Board (HLURB).

TIP: Get a developer which offers an affordable financing scheme.