Small Money Goals You Can Make This 2017

“Great things start from small beginnings.”

How was your 2016? Did you achieve the goals or resolutions you’ve set at the beginning of last year? If your answer is no and you’ve decide not to set goals or resolutions anymore because of your frustration maybe this post can help make a difference.

Do away with frustration by setting small, achievable goals. Achieving small goals in shorter spans of time builds confidence. Also, listing just one or two goals you want to attain in several areas of your life helps eliminate the feeling of overwhelm.

Here’s a list of some small money goals you can make this 2017. Pick one or two only and give yourself a pat in the back at the end of the year because you made it. 🙂

SAVE. If you have not saved a single centavo all your life because you are intimidated and think that you don’t have enough to save, you can start putting aside a small amount (maybe 5 pesos a week)  to start the ball rolling. Did you know that you will have a total of P 6,890.00 saved at the end of the year when you set aside increments of 5 pesos a week for the 52 weeks that make a year? Visit this  for the table on how to do this.

PAY OFF DEBTS. Liberate yourself from the chains of debt.  Refer to this post for the steps on how to become debt-free.

BUILD AN EMERGENCY FUND. Investopedia defines emergency fund as an account that is used to set aside funds to be used in an emergency such as the loss of a job, an illness or a major expense. An emergency fund buys one security. Start building yours now by setting aside a percentage of what you think you can afford. Whether it’s a fund good for 3 or 6 months is a person to person basis.

LEARN ABOUT INVESTING. “It’s not how much money you save. It’s what you do with what you save.” Do not settle for peanut interest rates earned from banks’ savings accounts. You deserve more. Learn how to grow your money by investing in vehicles which give higher interest rates such as corporate bonds, retail treasury bonds, mutual funds and the stock market. Learning does not have to be expensive. Download a FREE copy of the e-book, “My Maid Invests In The Stock Market… And Why You Should, Too!”, here to understand how the stock market works, how to earn from it and a system of investing that has made two helpers and a driver now richer than many managers.

There you have it. Four small goals that you can choose from and improve your finances by the end of the year. 🙂 Do you have other money goals that you want to include in the list? Share them in the comments box and bless others with your ideas.

Happy 2017!

How To Become Debt-Free

Last Sunday, November 1, 2015, the first talk of The Feast Bay Area’s  brand new talk series entitled, “Debt-Proof Your Life,” began. I had the privilege to attend the talk and I would like to share what I learned from Bo Sanchez on how one can become debt-free.

Are you drowning in debt? Do not worry. There are three things that you can do to get out of debt and live happily rich ever after.

How To Become Debt-Free by Bo Sanchez

1. Commit to becoming debt-free now. Yes, you read that right. You need to commit NOW. Not tomorrow or next year or when you start earning a bigger salary. If you do not commit to becoming debt-free now then you will not commit ever.

Bo Sanchez mentioned that paying debt is not just a financial issue. It is also a spiritual issue. He then quoted from Proverbs 37:1, “The wicked borrows but does not pay back, but the righteous is generous and gives.” God is pleased with people who pay their debts and who make good on their promises. It would be worthwhile to remember this Bible passage if you need a reason why you should commit to becoming debt-free now.

2. List down your debts. Writing down all your debts will help you identify the smallest debt that you have. After identifying your smallest debt, you can then start paying for it right away. This would create momentum and also build your confidence. Imagine the feeling of accomplishment that you will have when you finish paying for your smallest debt. 🙂

Listing down your debts will also help you identify the high interest rate debts that you owe which you need to pay first. Paying for these first will save you from drowning deeper.

Bo Sanchez also urged the audience to talk to their creditors. They need to talk to their creditors to ask for better terms. Nine out of ten creditors say “yes” to better terms because they would rather have those who owe them money pay slowly than letting them go bankrupt because of paying high interest rates and end up not getting paid at all. Bo Sanchez shared that most creditors would be glad to be paid the principal amount owed them than not getting back anything at all.

3. Add no new debt. To be able to do this, you need to discipline your expenses. You also need to remember the cardinal financial rule: spend less from what you earn and invest the difference. 

Bo Sanchez shared some tips on how to discipline your expenses.

When grocery shopping, have a list and stick to your list. Don’t bring your kids or your husband to the grocery with you because they tend to add things to the cart which are not in your list and which you might have a hard time declining to buy that you end up spending more.

For your clothes, it is better that you do not buy branded and expensive clothes.

There are also other tips that he shared that can help one become debt-free. These include: stop using a credit card if you do not have the discipline and if you are using a credit card, pay all the charges 100% at the end of the month. The latter would save you from incurring charges and you get to earn rewards as a bonus. 🙂 Do not be too aggressive when borrowing for business because this might just become an emotional burden. Borrow for business if you must but be prudent.

Stickers where Proverbs 22:7 was written were distributed to the attendees which they can place on their credit cards to make them think twice before they swipe.

At the end of the talk, the ushers distributed stickers where the words from Proverbs 22:7, “The borrower is the slave of the lender.”, were written. They asked each of the attendees to place the sticker on their credit cards so that once they see these words, they will think twice before they swipe. 😉

This talk series will CHANGE YOUR LIFE. Do not miss it! Catch the rest of the talks every Sunday at The Feast Bay Area until November 15, 2015.

Blessings!

P.S. Do you want to retire rich? Invest in the stock market! Join the Truly Rich Club to learn how. Join here.

Say NO to get-rich-quick schemes, YES to the Truly Rich Club.

Drop, Cover & Hold To Protect Yourself When A Financial Earthquake Strikes

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Last Thursday, July 30, 2015, we witnessed the participation of most Filipinos in the first-ever metro-wide earthquake drill in our country. The objective of the drill was to increase the metro’s chances of better recovery and implementation of contingencies in the event of earthquakes.

The three things that were emphasized that one needs to do during an earthquake can also be applied to protect one should a financial earthquake, death of the breadwinner in the family, retrenchment, a serious illness or retirement, strikes. Practicing these three things would increase one’s preparedness and therefore, lessen the impact of these financial earthquakes. One would probably sail through it with little or no damage.

1. DROP. Drop your ancient belief that money is the root of all evils. The love of money is the root of all evils. Believe that it is perfectly alright to want to become rich and that having more money is never a crime. Drop your fears and excuses about saving and investing. Banish your fears by learning how to handle your money and then doing. Start building your wealth early.

2. COVER. Cover yourself from people who are not supportive of your financial goals. These people who would talk you out of your desire or commitment to invest and grow your money are mostly those who doubt themselves that they can do it, too and that it is possible to rise up from one’s dire financial circumstance.

3. HOLD. Never give up. The road to financial freedom is long and the ride is slow. But keeping at it, saving and investing regularly, will surely get you to your destination.

Remember, financial earthquakes don’t kill. UNPREPAREDNESS does. So, DROP, COVER and HOLD!

P.S. If you want to learn how to invest in the stock market the right way, click here.

Get To Know OFWs Investing In The Stock Market

Do you want to get to know some overseas Filipino workers (OFWs) who are already investing in the stock market?

Scroll down to find out who they are.

Do you also want to learn how to be a successful stock market investor like them and achieve financial independence? Click here to learn how.

A Simple Guide For Attaining Financial Independence

Photo credit to owner

As we celebrate the 117th Philippine Independence Day tomorrow, 12 June 2015,  I hope that this momentous event in our history will inspire you to dream of another form of independence for yourself, financial independence. Believe that financial independence is attainable and it is a goal that is within every Filipino’s reach.

Here are some pieces of advice for attaining financial independence.

1. Avoid consumer debt. In Robert Kiyosaki’s book, “Rich Dad, Poor Dad”, he wrote that there are two kinds of debt, good debt and bad debt. Good debt is when we borrow to buy things that put money into our pocket and bad debt is when we take out a loan to buy things that  take money away from our pockets. Refrain from using your credit card to buy the latest gadgets or designer bags that you cannot afford yet. Practice delaying gratitude.  Set aside a fixed amount every month intended for these things and buy only when you can already fully pay for them.

2. Wait for things to become cheaper. If your television, smartphone, laptop, and other consumer goods are still in good condition, it would be smarter to not buy when new versions of these are just launched. It is usual that these goods become cheaper in a year or two and better bargains are available after a period of time. Besides, you get to know how the latest models perform and if they are value for your hard-earned pesos.

3. Be a better version of yourself. Only compete with yourself. if you want to earn more then brush up on your skills. Keep learning what is new in your field of expertise. Use these to contribute to the corporation or organization where you are in and look forward to a promotion or an increase in your salary.

4. Live below your means. If you can does not mean that you should. If you are fond of pampering yourself in spas, for example, you can do less of this and  go once every two or three months instead of once a month. Do a DIY at home to minimize your spending and thank yourself later should a crisis arise and you have saved enough money to use to help you recover.

5. Pay yourself first. Automatically save a part of your earnings first before you spend. It is ideal to set aside 20% of what you make but if you can only save less than 20%, then by all means, regularly save that smaller amount. This is way better than not saving at all.

6. Tithe regularly.  Give to support your church or wherever you get spiritual nourishment. From Luke 6:38, “Give, and it will be given to you. Good measure, pressed down, shaken together, running over, will be put into your lap. For with the measure you use it will be measured back to you.”

7. Increase your financial IQ. If you want to get rich, learn how money works. Read. Attend seminars. Seek for mentors.

8. Invest a portion of your savings. I define investing as putting money where it has the potential to grow. Put your money in bonds, mutual funds and equities where it can earn higher interest rates and enable you to retire a millionaire.

9. Keep a good record. In Rick Warren’s video entitled, “How To Build A Strong Financial Foundation,” he has talked about how it is helpful to record what you own, what you earn, what you owe and where it goes.  This way, you will easily follow your money and make necessary adjustments to your budget as you see fit.

10. Select the company you keep. Surround yourself with people who have your best interest in mind and those who are supportive of your goals and who share the same values that you have. They are the keys to your success.

Do you have other ideas how to achieve financial independence? Share them in the comment below.

P.S. If you want to learn the successful system of investing in the stock market that two maids and a driver apply, click here. One of the maids, as at last update, already has P800,000.00+ in her portfolio. 🙂 How? Click here.

Dr. Willie T. Ong On How To Save On Medical Bills

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I came across this article, “How to save on medical bills” by Dr. Willie T. Ong, this morning as I went through our copy of the Philippine Star and I thought of sharing this as most of us Pinoys are scared of seeing the doctor because we do not want to hear what our doctor would say about our health and also because we do not have enough money to pay the medical bills. Most of us would rather self-diagnose and self-medicate to save.

Prevent hurting yourself more through self-diagnosis and self-medication by following Dr. Willie T. Ong’s 15 tips on how to save on medical bills.

1. Choose a good doctor.

2. Ask which pills are important and which are just supplements.

3. Ask about generic drugs.

4. Ask about cheaper options.

5. Get a health card and use it.

6. Enroll in Philhealth.

7. Choose affordable laboratories.

8. Have a medical folder.

9. Learn about your disease.

10. Have a healthy lifestyle.

11. At the hospital, show your health card early.

12. Choose a small room or ward.

13. Talk to your doctor about your options.

14. Follow your doctor’s advise to get well.

15. Be nice to nurses.

Click here for the full article.

Blessings! 🙂

P.S. Do you want to grow your savings by investing in the stock market? Learn how to successfully invest in the stock market just like Bo Sanchez’ helpers and driver, click here.

The Preacher In Blue Jeans On How To Win In The Stock Market

Bo Sanchez’ Stock Market Investing Tips

Most Filipinos think that the stock market is only for the rich.

But Bo Sanchez, The Preacher In Blue Jeans, will tell you otherwise. In his three and a half minute interview with My Puhunan host, Karen Davila, he showed that simple people like his helpers and other regular employees can also invest in the stock market.

Watch his enlightening interview wherein he also shared tips on how simple Filipinos should handle their money and win in the stock market in this video.

Take Bo Sanchez’ advice, take time to learn how the stock market works and regularly invest small amounts in it for your money to grow exponentially and retire rich.

Do you want to learn the step-by-step procedure on how to invest in the stock market that Bo Sanchez taught his helpers? Click here.

Did you know that you can invest in the stock market even if you are living abroad or residing in the province? Click here to learn how.

Blessings!

Why Truly Rich Club Members Are Happy They Joined And Follow Bo Sanchez’ Investing Advice

Truly Rich Club Testimonial

Do you want to learn how to invest in the stock market without losing your lifetime savings? Do you want to know the system of investing that maids and a driver (who now have P700,000+, P500,000+ and more than P200,000+, respectively) have been doing for several years now? Join the Truly Rich Club if you answered “yes” to both questions. Click here to join.

Here’s what some Truly Rich Club members say:

Truly Rich Club Testimonial

Truly Rich Club Testimonial

Truly Rich Club Testimonial

Truly Rich Club Testimonial

See photos of Noel, Minda, Allan, Janet, Kein, Rona and Armida  and meet more happy Truly Rich Club members, click here.

Happy Investing this 2015! 😉

Top 3 Reasons Why You Need To Be Rich

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When Jesus saw him and knew he had been ill for a long time, he asked him, “Would you like to get well?” (John 5:6 NLT)

Like me, are you wondering why Jesus had to ask the lame man by the pool if he wants to be healed when the answer was already obvious?

Bo Sanchez, in one of his talks in the Feast, explained that Jesus asked because He wanted to hear from the man that he truly wants to get well.

Bo Sanchez expounded during the talk that this is what the universe wants from us, CLARITY. We need to be unambiguous with what we desire to receive and achieve our dreams.

Are you like many Pinoys who want to be rich but are secretly reluctant to be rich? Have you romanticized poverty? Do you think that money and rich people are bad?

I think many Pinoys have subconsciously decided to stay poor because they do not know what the purpose of money is. I hope the following would enlighten many who when asked again, “Do you want to get rich?” will answer, “Yes.” with conviction.

Top 3 Reasons Why You Need To Be Rich

Suze Orman Quote

Live worry-free. Are you a father who constantly toss and turn at night worrying how to provide for the needs of your growing family? What if one day your boss asked you to come to his office  to be told that because the company is downsizing, he had to let go of you? How long will you be able to live before you get a new job? Emergencies happen without prior notice. Being rich is being a boy scout or girl scout, “always prepared.” Sleep soundly at night knowing that you can face any storm that comes your way with confidence.

Warren Buffet Quote

Future-proof your family. When you are rich, you can see your  family smiling and happy when you dream at night because you not only provided for their daily needs but because you have set aside enough for their future.

Tony Meloto Quote

Bless the poor. You cannot give what you do not have. More money means being able to help the least of our brothers more. Avoid having to make the difficult choice of not giving those who ask something from you because you only have enough for you and your family.

Are you ready to be rich? Learn how. Subscribe to the Truly Rich Club now!

Share if you were blessed by this post. 🙂

How To Avoid Overspending This Christmas

It’s easy to get caught in the euphoria of shopping in this season of giving and find ourselves broke after Christmas has come and gone.

To be able to better manage your finances and rein in unnecessary overspending, download an app designed to organize your gifts shopping.

After searching for Christmas List apps and browsing through the first ten of the 328 apps which came up from my search, I settled with the first app in the list, Christmas Shopping iList app.

I chose this app because of its simplicity and efficiency.

It lets me define a budget.

I can also input the name of the person I intend to give a gift to, specify the gift, the gift’s price and the store where to purchase the gift.

The price of the gift is then deducted from the total budget that I defined and I am shown the total of what’s left in my budget that I can spend to buy other gifts.

This app is very useful and flexible as edits and adjustments in one’s budget are possible to make.

Why not head on to your mobile’s app store now and download a Christmas List app that catches your fancy and welcome the new year with full hearts and happy pockets as well? 😉

Here’s wishing you a very Merry Christmas and a Happy and Prosperous New Year!

Please share if you find this post helpful.

P.S. If one of your goals for next year is to change your financial life to be able to live the life that you have envisioned for yourself in the future, click here .