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Thursday, January 6, 2011

Pia’s Practical Tip #1 On Saving Money

Tip #1:
Internet or Electronic Banking. Have your account enrolled online for all your bank transactions (bills, balance inquiry, etc). 

Qualitative Benefits:
  • It will save you ENERGY from frequent trips in banks and payment centers.
  • It will save you TIME for not having to wait in line!  Imagine the long lines in payment centers.
Quantitative Benefits:
  • You don’t have to pay for parking fees. Savings of Php 720.00 per year. Computation @ P30.00 per month, twice monthly.
  • You’ll save on gas or tanspo fares if you commute.  Savings of Php 1,440.00 per year. Computation @ 60 per liter (average only, to and from destination).
  • No transaction fees on balance inquiry and account transfers.  Savings of Php 1,200.00 per year. 
Here are some of the websites I personally use:






Pia’s Practical Tips On Saving Money - Intro

This title will have multiple entries wherein I’ll share some of my practical money-saving tips.

They will come in brief, short sentences - not the usual long paragraphs you often see here in my blog.


 

Starting: The Great Separator By John C. Maxwell Philippine Daily Inquirer

I recently read this article from Inquirer's website and I'm re-posting it here in my blog.  This is a great message for all of us and may this article motivate us TO ACT NOW!






To view this article, CLICK LINK.

Do you want to be a success? As you know, many obstacles can keep even a highly motivated person from succeeding. But today I want to talk about the ONLY obstacle that will ALWAYS keep us from success: Not starting.

Starting is the Great Separator. It separates…

The doers from the do-nots,
The haves from the have-nots,
The winners from the whiners, and
The successful from the unsuccessful. 

If a desire were enough, then everyone would be a success. But success is like a book, and starting and finishing are the front and back covers. Until you open that front cover, you can’t experience anything from the pages within.

So how do you get started?

1. Start with Yourself.

If you’ve ever flown on an airplane, you’ve heard the pre-flight instructions about the oxygen masks—which drop down from the ceiling in the case of emergency. If you’re traveling with someone who would need help, who do they always tell you to place the mask on first? Yourself! They want to remind you that you can’t help anyone else get oxygen if you aren’t able to breathe.
Starting with yourself is not a selfish goal—as long as you’re not doing it for your benefit alone. By putting on my oxygen mask, I get the oxygen I need in order to help others get oxygen. As a leader, I obtain what I need in order to help others succeed.

2. Start Early.

I can’t overstate how much you gain from starting early. It’s something you can’t really understand or grasp when you’re young. One creature that understands this principle is the ant. Consider what the Bible says in Proverbs:

“Go to the ant, you sluggard;
Consider its ways and be wise!
It has no commander,
No overseer or ruler,
Yet it stores its provisions in summer
And gathers its food at the harvest.”
-Proverbs 6:6-8

The activity of any individual ant seems to have little impact. After all, it can only carry one seed or leaf or grain of sand. And it’s not clear what any single grain has to do with the big picture of what is being formed. But regardless of how it looks from the outside, the impact is happening, and something is developing.

Whether you are trying to lose weight, build a business, build a marriage, raise a child, overcome a pattern, resolve a depression, or build a business, it is done the same way: one brick at a time. And the earlier you begin, the more bricks (or grains of sand) you can accumulate.

3. Start Small.

Most of us would love to see the entire path from where we are to the top. But life doesn’t work that way. Like a person carrying a lantern, most of us only see the small portion of the path ahead. Our best response is to just take the next step.

Why start small? It encourages you to get started and allows you to prioritize and concentrate. It also provides the necessary step to take the next step.
Like the person carrying the lantern, your path will only be illuminated a short distance ahead. We’ve all walked home in the dark. The lantern we carry may not illuminate the house, but it does show us the path that will take us there.

4. Start with The End in View.

John Wooden, an American basketball coach, was known for his focus on preparation. Every practice kept the goal—the next game—in view. Why? Because, as he said, “It’s too late to prepare when opportunity arrives.”
First, pursue your passion. A passion, a goal that you feel strongly about, gives you energy. Next, let planning give you direction.
The beginning of the journey is the place to study the map. You may not always know the entire route, but your planning should always point in the direction of your destination.

5. Start now.

It’s too easy to say, “I’ll start tomorrow.” We promise that tomorrow, we will start a diet, studies, a career, or a relationship. But until we actually begin, a dream remains a dream.

It may be a cliché to say that every journey begins with the first step, yet it is still true. Successful people don’t wait for everything to be perfect to move forward. They don’t wait for all the problems or obstacles to disappear.
They don’t wait until their fear subsides. They take initiative. They know a secret that good leaders understand: momentum is their friend. As soon as they take that first step and start moving forward, things become a little easier.
If the momentum gets strong enough, many of the problems take care of themselves and talent can take over. But it starts only after you’ve taken those first steps.

START the year right by raising your leadership skills! Attend the Developing The Leader Within You workshop with Maxwell-Certified facilitator Francis Kong on Jan. 20-21, 2011 at the Edsa Shangri-La Hotel. Call Inspire Leadership Consultancy at 687-2614/706-4853. Special rates available for early bird registrants and academe/non-profit organizations!

Tuesday, January 4, 2011

Colayco Foundation Seminars For January - March 2011




Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot! Payments may be made in advance.  

PISObilities: Wealth Within Your Reach

Date & Time : Saturday-January 29, 2011, 2:00-5:00pm Location & Venue : Pasig City, TBA
Regular Learning Fee: Php1000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for individuals who would like to take control of their finances. Because money management is a family affair, the seminar is also ideal for couples. Why: This seminar will equip you with the basics of proper money management – spending, savings, planning and investing. It will help you make sense of their financial goals in life and introduce instruments, which will help you achieve it.

Protecting Your Greatest Asset: YOU

Date & Time : Tuesday-February 1, 2011, 6:30-9:00pm Location & Venue : Pasig City, TBA
Regular Learning Fee: Php2000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for individuals seeking to understand insurance products better. If you do not have insurance, this seminar will help you identify what financial protection is important for you. If you have insurance already, this seminar will help you identify whether you are adequately protected or if you are over insured. This seminar will equip attendees with the next steps in being financially protected. Why: Insurance is for financial protection. It is not an investment. Most people however purchase more insurance than necessary or purchase the wrong type of insurance.

INVESTability: The Stock Market

Date & Time : Thursday-Feb. 3, 2011, 9:30am-12:00nn Location & Venue : Makati City, TBA
Regular Learning Fee: Php2000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for individuals who would like to understand the basics of the stock market. Individuals who are considering investing in stocks or those who have some stocks but are not really knowledgeable on the stock market. Why: This seminar will equip you with the information and strategies  needed to invest in stocks prudently. Learn what a stock is and how does it work, how do you grow your money through stocks. Discover the challenges of stock investing and what it means to be a serious stock investor and how to be a conservative stock investor taking advantage of diversifying your portfolio through stock ownership.
Note: This seminar will NOT teach you to become a stock trader. Investing is about long term wealth generation.

Pisobilities: Wealth Within Your Reach

Date & Time : Saturday-Feb. 5, 2011, 2:00-5:00pm Location & Venue : Chowking, One Mango, Cebu City
Regular Learning Fee: Php2000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for individuals who would like to take control of their finances. Because money management is a family affair, the seminar is also ideal for couples. Why: This seminar will equip you with the basics of proper money management – spending, savings, planning and investing. It will help you make sense of their financial goals in life and introduce instruments, which will help you achieve it.

INVESTability: Mutual Funds

Date & Time : Tuesday-Feb. 8, 2011, 6:30-9:00pm Location & Venue : Pasig City, TBA

Regular Learning Fee: Php2000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for those who are considering investing in mutual funds and would like an unbiased view of the pros and cons of investing in mutual funds in lay-mans terms. Why: Mutual Funds are considered the greatest democratizer of investment instruments. You can start investing for Php5000. But since it is not common knowledge, many people are skeptical.

InvestED: Analyzing Stocks

Date & Time : Thursday-Feb. 10, 2011, 9:30am-12:00nn Location & Venue : Makati City, TBA
Regular Learning Fee: Php3000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for individuals who have basic knowledge and/or experience in stock investing. Note: familiarity with investing concepts, the stock market and some stock investing terms will be an advantage. Why: Learn how to spot stock trends and the like using information readily available to the average investor. This seminar will equip you with the knowledge to make better stock investing decisions. This seminar is about ‘fundamental analysis’ techniques.
Note: Technical Analysis will not be discussed in this seminar.

INVESTability:  Fixed Income Instruments

Date & Time : Thursday-Feb. 17, 2011, 6:30-9:00pm Location & Venue : Pasig City, TBA
RegularLearning Fee: Php2000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for individuals who are considering investing in debt securities (i.e. government securities, corporate papers etc.) or those who would like to know more about available investment options. This is also ideal for those preparing their investments for retirement. Why: Fixed income instruments is all about ‘lending investments’ such as government securities, corporate papers, bank products etc. These can give you fixed regular investment income. Fixed income instruments also play a big role in managing risk and portfolio diversification.

Be GOOD: Grow Out Of Debt

Date & Time : Saturday-Feb. 19, 2011, 9:30am-12:00nn Location & Venue : Pasig City, TBA
Regular Learning Fee: Php2000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for individuals who are serious about taking control of their personal debt. Ideal for people who would like to manage their debt obligations better. Examples of debt obligations: credit cards, housing loan, car loan, business loan and other informal loans. Why: Credit is one of the most utilized financial service. Unfortunately, many are unable to use credit wisely and find themselves with unmanageable debt. This seminar will change your mindset about credit and will equip you with the steps you need to take to start growing out of debt.

Pera Mo Palaguin Mo Workshop

Date & Time : Saturday-March 12, 2011, 1:00-5:00pm Location & Venue : Pasig City, TBA
Regular Learning Fee: Php3000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for those who are serious about taking control of their personal lives by preparing their own financial plan to be wealthy. Why: This workshop will equip you with the the skills to make your own Financial Plan to be Wealthy. It will also equip you with the right Investing Mindset. Armed with these, you will be on your way to financial independence.

INVESTability: The Stock Market

Date & Time : Tuesday-March 22, 2011, 9:30am-12:00nn Location & Venue : Makati City, TBA
Regular Learning Fee: Php2000
Click Here to Register Onlie
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for individuals who would like to understand the basics of the stock market. Individuals who are considering investing in stocks or those who have some stocks but are not really knowledgeable on the stock market. Why: This seminar will equip you with the information and strategies  needed to invest in stocks prudently. Learn what a stock is and how does it work, how do you grow your money through stocks. Discover the challenges of stock investing and what it means to be a serious stock investor and how to be a conservative stock investor taking advantage of diversifying your portfolio through stock ownership.
Note: This seminar will NOT teach you to become a stock trader. Investing is about long term wealth generation.

Protecting Your Greatest Asset: YOU

Date & Time : Thursday-March 24, 2011, 6:30-9:00pm Location & Venue : Pasig City, TBA
Regular Learning Fee: Php2000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for individuals seeking to understand insurance products better. If you do not have insurance, this seminar will help you identify what financial protection is important for you. If you have insurance already, this seminar will help you identify whether you are adequately protected or if you are over insured. This seminar will equip attendees with the next steps in being financially protected. Why: Insurance is for financial protection. It is not an investment. Most people however purchase more insurance than necessary or purchase the wrong type of insurance.

INVESTability: MutualFunds

Date & Time : Tuesday-March 29, 2011, 6:30-9:00pm Location & Venue : Pasig City, TBA
Regular Learning Fee: Php2000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for those who are considering investing in mutual funds and would like an unbiased view of the pros and cons of investing in mutual funds in lay-mans terms. Why: Mutual Funds are considered the greatest democratizer of investment instruments. You can start investing for Php5000. But since it is not common knowledge, many people are skeptical.

InvestED: Analyzing Stocks

Date & Time : Thursday-March 31, 2011, 9:30-12:00nn Location & Venue : Makati City, TBA
Regular Learning Fee: Php3000
Click Here to Register Online
Call 637-3731, 635-3247, 637-3741 or 577-9540 to avail of early bird and group discounts and to reserve your slot!
For payment options click here.
Who: Ideal for individuals who have basic knowledge and/or experience in stock investing. Note: familiarity with investing concepts, the stock market and some stock investing terms will be an advantage. Why: Learn how to spot stock trends and the like using information readily available to the average investor. This seminar will equip you with the knowledge to make better stock investing decisions. This seminar is about ‘fundamental analysis’ techniques.
Note: Technical Analysis will not be discussed in this seminar.

*Schedules and venues are subject to change without prior notice. Colayco Foundation reserves the right to cancel an event at its discretion. Those who have pre-registered will be contacted should any changes be effected.

Link To Mutual Fund Report On NAV and Returns

Here is a link to a MUTUAL FUND Report.  Click LINK. This report will provide you:
  • Net Asset Value (NAV)
  • Historical Returns per Mutual Fund for 1-year, 3-year, 5-year and YTD returns
This link is as of January 3, 2011.  But it is updated daily so do visit Inquirer's website at http://business.inquirer.net/ to get updates.

Investor knowledge is key.  It is one of the best ways to minimize risks.

Monday, January 3, 2011

One Less Credit Card For 2011

Since this is the new year, one of my resolutions was to cut my third credit card.  Yup, I used to have three credit cards.  In fact I had a fourth one but I already stopped using it a long time ago. 

I decided to cut my third one because, like you, I want to grow financially.  My other two cards are already practical to use so having a third one became a liability more than anything else. 

So this lead me to think about credit cards and how useful (or not?) they are in my life.

I got my very first credit card during my first year of  work and like many first time users, I was buried with debt after some time. I wasn’t able to control my spending. I wasn’t able to pay my monthly dues even the minimum amount so the interest incurred on the principal amount increased exponentially! 

The original balance was only P20,000.00 (USD445) but it doubled in a matter of months!  So I had no choice but to pay for it. 

It was a very difficult phase because I was only earning enough that time. 

Looking back, I made the right decision to talk to my creditors and sought their easy, pay-out scheme.  It wasn’t easy at all but I was able to pay everything in full after some time.

From then on, I stopped using credit card and paid everything in cash.

I liked that “cash only” phase in my life because I can detect my cash flow. When my cash flow is getting slim,  I forced myself to stop from spending and wait for cash to come in.

But having to pay everything in cash has its disadvantages for me. 

One disadvantage was security.  Having to carry a huge amount whenever I need to pay for bills most specially insurance dues makes my security at risk. Thank God nothing untoward happened to me.  The worst experience was when our helper ran away with my money when I asked her to pay for bills.

After that, I applied again for my second credit card but I was still financially immature and I was buried again with debt.

Being buried in debt for the second time at a young age is no laughing matter. History has a way of repeating itself as they say. Same is true in my case.

But I never allowed myself to focus on my “debt” problem and instead think of solutions. 

From then on, I was determined to become financially mature with credit cards. After paying my second mountain of credit card debt with my bonuses and 13th month, I finally succeeded.

Falling down for the second time lead me to the determination to control  my credit card usage. 

Right now, I pay all my credit card bills in full because I realized that although credit cards are convenient to use, they charge us enormous fees if we don’t pay our dues in full.  Even if we pay the minimum amount,  the same enormous fees still apply.

Imagine this, monthly charges are 3.5% as finance charge and at least 3% as late charge. Charges depend on the credit card company. They charge us those interests MONTHLY. 

Annual charges could reach as high as 30%.  30% interest rate per annum!  Savings account in banks  only offer 1% interest rate per annum less tax.  So do the math.


Over the past 5 years, I have accumulated four credit cards with good credit standing but for 2011, I want to stick to two.

The third one became a liability in a sense that it adds to my list of billing due dates.  I seldom use it so might as well stop using it.

I want to eliminate clutter in my life and this is just one of the ways.

P.S.  What lessons have you learned from your credit card horror stories?




Happy New Year Everyone!


The new year gives us a fresh start so we come up with new year resolutions.  Some of the popular resolutions we often make are going to the gym to lose weight, stop smoking, save more, spend less……

So whatever you intend to accomplish this 2011, I salute you for coming up with your own resolutions.  The desire to actually accomplish them is already an achievement. 

Cheers to 2011! Let the race begin…
Do you not know that the runners in the stadium all run in the race, but only one wins the prize?  Run so as to win.
1 Corinthians 9:24