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Save Money By Planting These Vegetables

Many will say that gardening and farming is not for everyone. But I beg to disagree.

We are now in the internet and information age and there’s no more excuse not to plant vegetables and fruit-bearing trees. Living in the city and in a condominium unit? Many people have done it and I know you could too!

For those with small garden lots and porches, there’s more reason for you to plant vegetables that you commonly use in your kitchen. Not only you will be healthy, you will also save money.

To make the most of your money, time, and space, these are the vegetables that we recommend to Filipino households to plant in their pots and backyards.

The Sinigang/Nilaga Combo

Pechay. This leafy buddy is one of the most favorite vegetables in the Philippines. In the local markets, one bundle may cost around P10 to P15. A pack of pechay seeds (containing hundreds if not thousands seeds) will only cost you around P25 to P40.

Pechay
Our pechay forest

Tomatoes. Tomatoes can save you a lot of money. It is one of the most common veggie used in Filipino cuisines and household kitchens. A significant ingredient of many local dishes, tomatoes can be grown easily. You can even get the seeds from the tomatoes you bought from the market and plant them on your pot with wet soil. 

Tomato
Tomatoes growing along our fences

Sitaw (Pole beans). Another veggie that is always part of the cast whether it’s sinigang or ginisa, is the sitaw. You can plant some sitaw seeds in a relatively big can of soil and let them crawl up a 4 to 5-foot bamboo stick or wood. You can also use other materials such as strings and old wires as “balag” or trellis.

Gabi (Taro root). This root crop grows not only in the provinces as this can be seen even around Metro Manila where there are vacant lots and open soil. A great pampalapot for your sinigang!

Kangkong (water spinach) or talbos ng kamoteng baging (sweet potato tops). Study shows that these leafy vegetables are rich in ‘antioxidants’ like ‘chlorogenic acid,’ ‘isoclorogenic acid,’ at ‘caffeic acid’. I just love the sweet potato tops (talbos)

KamotengBai

Herbs. Yes, you can easily grab them from the shelves of your favorite supermarket. But did you know that you can grow a lot of herbs indoors? Try to plant a few pots of rosemary, basil, and even chilis and let them grow near the windows in your kitchen.

The Ginisang Gulay/Pinakbet Gang

Okra. This slimy friend of yours is definitely very good for your body, and your dishes. I remember my parents putting a couple or more okra on top of our nearly-cooked hot steamed rice and then crushing them with tomato and the locally-made bagoong isda. Yummy!

Ampalaya (Bitter Gourd). It may be bitter for your tongue but very sweet for your body. Another easy-to-grow ingredient for your pinakbet or ginisa with egg.

Calabasa (Squash). The ginataang kalabasa (with sitao) is one of my favorite Filipino dishes. Imagine the savings you will have if you have this in your garden instead of buying them from the market.

Luya or luyang dilaw (ginger or turmeric) Not only it is a great ingredient for your dishes. Luya has also medicinal benefits. Have you tried drinking salabat or ginger tea? Make it a part of your breakfast and see how your health improve along the way.

What Are The Benefits of Growing Your Own Vegetables?

1. You have control over what ends up on your table. You can even decide what fertilizer and pest control to use. You can also choose whether to grow organic. In short, you know that you are eating vegetables that are safe from chemicals you may not like and are bad for you and your family.

2. Your food are surely fresh. There’s nothing better that fruits and vegetables picked from your garden. Did you knwo that once vegetables and fruits are picked these begin to lose moisture and nutrients? But if you are the one who made them grow, you are sure when it was been picked and how fresh it is.

3. A garden is good for your visual and mental health. A garden with vegetabls and fruits can bring color, beauty, and life to your garden. Plus the sight and smell of them can be refreshing for you and your family.

4. You save money. Did you know that the price of a pack of vegetable seeds is almost equivalent to what you would pay for a single vegetable or fruit at the supermarket? You even have to consider the fare or the gas you have to spend on getting to the store and back home.

5. It is a great family activity. Let your and your kids hands get dirty. Let them plant seedlings and harvest the fruits with them. You want them to get off the TV screen and their gadgets? This is the answer! It should be a lot of fun for the whole family!

6. Acquire some Vitamin D. Remember your parents letting you dry like clothes under the morning sun when you were a kid? Yes, it’s true. The sun’s rays promote Vitamin D production which really very good for our health. A 20- to 30-minute a day gardening can promote good sleep and positive energy. So go out now and have fun under the morning sun!

7. You can make money! If you have a garden big enough to plant 20 to 100 vegetable seedlings, then you can make money by selling your produce to your neighborhood or have them picked up by a vendor. The soil is a gift from nature and God so why not use them to bless other people?

Regardless of what you want to plant and grow in your pot or garden, make sure that you only choose those that you and your family will eat and those that will really give you what you want and need.

Learn how to make sustainable living by subscribing to BurnGutierrez.Com for FREE.

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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Did you miss the Internet Business Master Class (IBMC) enrolment deadline last Monday? Worry not anymore because tomorrow, April 21, we will reopen the enrollment for just 48 hours. You’ll be sorry if you miss it again. Allow Jon to take you by the hand and teach you step-by-step on how to make serious money online. Click here to enrol

P.S. 3. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 4. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 5. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 6. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

Skiddoo Philippines Inc

5 Former OFW’s Who Believed That Life is Bigger (and Better) Back Home

For many Filipinos, having the opportunity to work abroad is a big blessing. However, just as with any form of financial blessing, failure to take care of these jobs abroad may lead to losing them in the process.

Furthermore, forgetting the reasons for desiring to work overseas can slow down the quest to achieving financial freedom.

If you are a Filipino working overseas, the stories of these former OFWs may inspire you to work harder and be prepared for your homecoming soon.

*Prepare wisely for your homecoming! Be an online entrepreneur! You only have a few days left to book a slot to learn how to earn 5 to 6 digits through the Internet Business Master Class (IBMC)! Click here to enrol!

(Download your FREE ebook NOW on how to make money from selling digital products while you are still an OFW!!! CLICK here!)

(Download your FREE video series HERE on how I made money from selling digital products while I was still an OFW! CLICK here!)

SHINE SAN JOAQUIN

ShinedeJesus

When I had the opportunity to work abroad and left Philippines I was only 23.

At first I had this first 10-year overseas work plan. I set my mind that I will only stay there until I reached the age of 33 because I wanted to have a family of my own by the age of 35.

Initially, my basic salary goes to my mom, my insurance, and my regular savings in the bank. Then after 4 years, I thought I had enough savings and ready to come home. But investment opportunities came one after another and these required me to have more cash to fund them so I had to work and stay abroad a little longer.

Another 4 years went and the decision of coming home was really unplanned. I was having a lot of pressure at work and the environment of the country I was working in wasn’t really helpful in coping up with the obstacles.

The company offered me to have a long break. I’m glad I started saving earlier and regularly, even though sometimes what I really had left for myself then was just enough to sustain my daily expenses. And the investment I started also gave me income.

And while I was still abroad, when I had all the pressures going on at work, I diverted my attention to working on things that made me happy. I enrolled in a class about online business which is giving me passive income currently.

During my last few months of working abroad, I thought of running a travel agency. This is now one of my business ventures.

So my own self prophecy of 10 years stay abroad did not actually come into fulfillment. But I am thankful I took the steps that helped me take new paths to success now that I am home.

Coming home unplanned without good preparation can be really tough. But I always have this reminder “failing to prepare is preparing to fail” as a guide.

Always have a goal. There is no such thing as too early or too late. The only fact I know is you need to have the initiative, determination, and willingness to achieve anything you want.

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. For everyone who asks receives; the one who seeks finds; and to the one who knocks, the door will be opened.” – Matthew 7:7-8

 

———-

JANETTE ESTEBAN

JanetteEsteban

Umalis ako ng Pinas na baon sa utang kaya nag decide àko mag-Hongkong, at naalala ko nga na ni singko wala akong pera.

Sa unang employer ko di rin ako sinuwerte at naranasan ko po doon yung literal na salitang gutom. Kaya lang kailangan ko mag-trabaho. Nang makilala ko ang pangalawang employer ko sabi ko di pwede lagi na lang ganito na kawawa ang pamilya ko. Wala ako naiisip kundi makabayad ng utang at nakasanla ang property namin.

Ok ang pangalawang employer ko na Australian pero Pinay ang asawa niya. Siguro doon ako mas namulat na mahirap maging katulong lalo na kung Pilipina ang amo. 

Pero dahil siguro likas na mahilig ako magnegosyo, kahit ano tinitinda ko sa mga kapwa ko Pilipina. Inipon ko lahat ng kinita ko sa mga tinitinda ko na yun.

After 1 year ng contract ko may kaibigan ako dito sa atin na tinanong ako kung gusto ko magpadala ng mga items mula Hongkong at ititinda nya sa mga call centers dito sa Pilipinas. Doon kinausap ko family ko na tulungan nila ako na mag-deliver at maningil.

After 4 months nang buy and sell business ko, maganda ang kinalabasan. Pero dahil kinukulang na ako sa capital noon, nag-loan ako sa bank. Lahat ng sahod ko ibinabayad ko sa loan ko. Hindi ko na naman kailangan magpadala noon dahil kumikita na business ko.

Two months before matapos ang contract ko nag-isip na ko kung uuwi na ba ako o pipirma ako ulit. Natatakot ako umuwi kasi baka sa umpisa lang ang lakas ng negosyo ko. Nag-alala ako paano kung biglà magka-problema? Ano ang gagawin ko? Di pa tapos lahat ng obligasyon ko gaya ng pagbabayad ng utang at pag-aaral ng anak ko.

Iniisip ko lagi kung ilang buwan itatagal ng iuuwi kong ipon? Check ko ang kinikita ñg negosyo at tinitignan ko lagi kung sapat na ba pamalit ito ng sahod ko sa Hongkong? Ano pa pwede ko gawin pag uwi ko aside sa existing business ko para maging fallback ko.

Hindi madali mag-decide lalo na nagnenegosyo din ako ako sa Hongkong na maganda din naman kinikita ko. Pero bukod sa PERA mas nag-focus ako sa desisyon ko na umuwi kaysa ipagpalit ang pagiging nanay ko at asawa sa kikitain ko sa abroad.

Almost one year na ako dito sa atin, mas lumaki ang network ko kasi nandito na ako. Ako na mismo ang nagma-manage ng negosyo ko. Kung may problema sa negosyo mas mabilis masolusyunan, mas malaya ako nakakakilos. Dahil din sa pag-uwi ko naging mas close kami ng family ko kasi involved din sila sa inumpisahan kong negosyo.

 

———-

NOLAN RAY LAZARO

NolanLazaro

I worked in Saudi Arabia for more than a year as an IT guy. I went back home thinking that I have lots of savings already. I then worked for 3 months in Pinas and as I see my savings deplete I was forced to go to Singapore and looked for a job. I worked for more than 4 years in Singapore, and this became the turning point. I studied and learned personal finance and investments.

The journey is not easy at all. I knew no one when I started my journey. I read books like Rich Dad Poor Dad by Kiyosaki and that sparked my curiosity to learn about achieving financial freedom.

From then on, I bought and read a lot of books; I attended a lot of seminars, webinars, and attended countless trainings. I prepared my mind (and my pocket) before going back home for good. How? I built my base:

    • Emergency funds
    • Insurance

 

  • Savings
          • Strategized on which investment vehicles to ride on. Financial vehicles like the Stock Market, UITF, MF, Real Estate etc.

 

I also engaged in online and traditional business. Knowledge in personal finance opened me to a lot of opportunities. I realized that it is really not how much a person earns but it is how much a person saves and invests that matters. It is also very important to have the right mindset. Financial literacy plus having the right mindset is the reason why I finally got able to go back to Pinas for good.

Now, I have already proven that life is really bigger and better back home. In Singapore I learned that only less that 1% of the Filipino population invests. Knowing the importance of financial literacy, I decided that I wanted to be a financial literacy advocate. I want to share what I know and help OFWs.

Being a former OFW, I know their sacrifices, hardships and pains to be far away from their families in order to reach their dreams and give a better life for their loved ones. That is one of the reasons why I decided to return to Pinas for good. Nagwork din kasi ako as an OFW for many years sa Saudi at sa Singapore, kaya I decided to help OFWs.

Whenever I do talks to OFWs, I always ask “Do you want to waste your youth or your life working abroad, away from your family?” We can never bring back the lost time with our loved ones. My advise to OFWs: Manage your finances well and invest in yourself. High income is never enough, most of the time kapag tumataas ang salary, tumataas din ang gastusin. Lasly, have the right mindset and learn financial literacy.    

———-
POL ESPANOLA PolEspanola2

In the 1970s our family had fallen on hard times; so hard we barely had enough money to buy food.  So in 1981, I left to work in Saudi Arabia with one important mission: to gain freedom from want. My job was not secure as it could be terminated in a month notice. To build a safety net in case I was sent home prematurely, I saved much of my salary even as I sent money to support my parents and siblings back home every month. I avoided spending money. 

Someone called me Mr. Look See because every night we went on shopping trip, he thought I was always window-shopping while others were buying televisions, stereos, cameras, watches, jewelries, gold, etc. which were quite cheap in the early 80s. No one knew that while they were shopping, I was doing part-time accounting job in a nearby office of one construction company.  My extra income enabled me to save almost 100% of my regular salary.

I refrained from buying stuff or pasalubong, or allowing our family to raise our standard of living.  It was enough that they didn’t go hungry and all my seven sisters continued their schooling through college. All I wanted was to save as much money as I could, realizing that in my mid-30s, I would no longer be able to secure a suitable professional job when I return home. I resisted the idea of joining friends migrating to Northern America. 

I always thought of coming home to our family in the Philippines.  Despite its poor economic condition at that time, Philippines always looked beautiful and promising.  We only lacked money.

PolEspanola1

One day I realized I had saved enough money for our family to have freedom from want.  Then I figured that if I saved more money, it would be possible for me to live without having to work in the future.

I got so obsessed in saving money that finally when I was retired from work in 2011, not only did my family gained freedom from want, more significantly I achieved financial freedom.

———-

BURN GUTIERREZ

IMG_2475

Some of you may not believe that I was an OFW in the Middle East. But I really was.

For the past 5 years, I worked as an auditor and a consultant in a group of companies based mainly in Saudi Arabia. I was one of the few lucky OFW’s who were able to bring their families with them abroad.

During those 5 years, my wife and I supported each other in making sure that we are prepared to go back home anytime. It was never easy and a lot of life challenges and financial struggles came across our paths. We had to sacrifice many of our wants and focused on building our financial foundation back home. We saved money. We looked for other opportunities to earn more. We invested for our future. And most importantly, we made sure we were giving back to God and paying forward to our personal ministries and charities.

Some of our friends and fellow community members criticized us for being “too attached to money” and neglected our responsibility to our spiritual community. For them we were like serving two masters at the same time. But for me and my wife, we only serve one Master and money is just a tool to serve Him and His people.

It was a frustrating episode for me and my wife during those days as the people we were expecting to support us were not there for us. But we held on to our faith in God and focused on our goal of preparing for our possible homecoming soon.

And just as we were preparing for that possibility, my company decided to terminate many of its expat employees in late 2015. I was one of those “unfortunate” ones to be either sent home or offered a contract with a much lower salary package.

When my wife and I heard this news, we both got anxious and happy at the same time. Anxious because going back home for good was like learning to ride the bicycle all over again. Happy because we knew that better opportunities were on our way and we started welcoming those opportunities even while we were still earning abroad.

Now that we’re in the Philippines for good, nothing could be happier seeing my wife and daughter enjoying their time with our parents, siblings, and friends. We can now do things we couldn’t do back then.

Nothing can make one more feel secure and happier than enjoying life with your family back home.

Prepare Yourself To Come Home For Good

Fellow Filipinos abroad, we encourage you to prepare for your happy homecoming. It will be tough and challenging but it will be worth the sacrifice.

We hope you are able to get some inspiration from these OFWs and learn a thing or two from them. We leave you with this:

“For I know the plans I have for you,” declares the Lord, “plans to prosper you and not to harm you, plans to give you hope and a future.” – Jeremiah 29:11

Be guided on how to prepare yourself to coming back home for good by subscribing to Rock To Riches for FREE. Rock your way to abundance!

Join the OFW UsapangPiso Facebook Group to learn how to plan your finances the right way and how to grow your money in various financial instruments and investment vehicles such as stocks, mutual funds, UITF’s, bonds, money market, real estate, and others.

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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Due to popular demand, my good friend and business partner Jon Orana will be releasing again his online program called the Internet Business Master Class. This exciting online learning program is about creating and selling e-books in the internet. Here’s a FREE 23-page step-by-step guide on how to make money selling e-books including which topics to write. Download this FREE video series to learn more! Click here!

P.S. 3. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 4. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy before Christmas at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, Japan, Singapore, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 5. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 6. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

P.S. 7. BUY the Enter Entrepeneurship Webinar Recordings HERE! Click this banner NOW! photo EEW_zpsw4267gri.jpg

Skiddoo Philippines Inc

Did Your Financial Advisor Use Fake Credentials?

You have heard of diploma mills. They sell BAs, MBAs, and PhDs to individuals who want to look more educated than they really are.

Did you know there are also diploma mills that sell fake certifications and designations to financial advisors who use these credentials to deceive you into believing they are financial experts?

Unethical advisors know you do not question the advice of experts. This makes it easy to convince you to buy what they are selling.

Here are some interesting stats presented in this Infographic.

Paladin1Paladin2

Paladin3Paladin4

What are fake credentials?

Real credentials have prerequisites, a comprehensive curriculum, proctored examinations, and continuing education requirements. Fake credentials have none of the above. There are no significant curriculums or meaningful tests. Advisors buy these credentials for a few hundred dollars.

Why use them?

Incompetent, unethical advisors know you want a financial expert helping you plan your future and invest your assets. Fake credentials help bad advisors convince you they are planning and investment experts.

Are they legal? 

There are no regulations that require advisors to disclose the work they did to earn their certifications and designations. It is your sole responsibility to validate the quality of their credentials. 

Why do they work?

If you are like most investors, unethical advisors know three things about you.

1.  Strings of initials after their names (alphabet soup) have a good chance of convincing you they are financial experts.

2.  Bad advisors safely assume you do not know what the initials stand-for and what they did to earn them. For example, everyone knows CPA® is Certified Public Accountant. A few people know CFP® is Certified Financial Planner™. But, most people know nothing about the other 250 designations that are used by real and fake financial experts.

3.  Unethical advisors know there is a low probability you will take the time to validate the quality of their credentials. Therefore, this is a safe sales tactic that can be used to deceive you into making bad financial decisions that benefit advisors more than they benefit you.

How do I avoid advisors who use this deception?

You can delegate investment work and decision-making to financial advisors, but you are solely responsible for selecting the advisor who does the work and makes the decisions. There is no regulatory agency that will protect from licensed advisors who use deceptive sales tactics.

When you select an advisor there is a free, fast, easy way to check the quality of their credentials. Go to Check a Credential at PaladinRegistry.com to view free reports and quality ratings for more than 250 frequently used certifications and designations.

Do you want to risk selecting an advisor who used deception to gain control of your assets? A few minutes now can help you avoid making a huge financial mistake that could haunt you for the rest of your life.

Source: Jack Waymire, Investor Watchdog, Paladin Registry

Avoid financial scams and be updated about the latest frauds by subscribing to Rock To Riches for FREE.

Rock your way to abundance!

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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.

PepotCover1

P.S. 4. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 5. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

Skiddoo Philippines Inc

Money Pitfalls To Avoid: Advise To New OFWs

Since joining the bandwagon to work abroad, you’ve been earning four times as much than when you’ve stayed in the Philippines. Your pay slip proves this fact. But why then are you more cash-strapped and debt-ridden as ever?

Many new OFWs fall trap to the promise of a bigger salary when they set out for overseas jobs. But what most OFWs don’t realize is the equally huge money challenge that may accompany this deal.

If you’re a new OFW or planning to become one soon, don’t fall trap to these pitfalls.

Cost of living blindside

In the Philippines, some things are arguably cheaper: rent, groceries, and even cab fares. Eating out and occasional movies won’t break the bank either. But if you find yourself in other corners of the world, be prepared if the price tags suddenly skyrocket.

A studio apartment might already halve your salary if you relocate to a big city, such as Hong Kong. Then there are the standard service charges and taxes that come with purchases. Even a simple haircut might cost you a few thousands in peso-terms.

Check the proportion of your income against your new place, and adjust your lifestyle according to what you can afford.

PFIbahrain

Double household shortfall

While tending to your expenses abroad, you’re probably also juggling financial obligations back home. If you’re raising a family or have dependents staying behind, their spending is intertwined with yours.

This means utility bills will always come in two, as are other basic necessities. Do you have a budget list of your regular expenses? If not, you have to make two of such right now. It’s also equally important that your family knows how to value the money you send so that your budget is met both ways.

Cash cow dilemma

Since you’re earning dollars, some friends and distant relatives might have no qualms in designating you as the go-to person for emergency (or not) appeals for cash. Especially if it’s a matter of life and death, such as medical predicaments, most OFWs would oblige to foot the bill. The long list of common SOS to OFWs includes tuition fees, home repair, to business capital.

When doling out loans, remember to only lend an amount that you can write off. It’s also good to have a fund for these kinds of requests. Don’t be guilt-tripped if you set a cap to what you can offer as help. Far too many relationships have been strained by money issues, which could only get worse because of the long distance.

Wallet drainers

Many OFWs succumb to the temptation of buying the latest gadgets, designer bags, and custom jewelries (sometimes charged to credit). And some are constantly stuffing their balik-bayan boxes with sundry items from rubber shoes to canned goods. It’s partly shopping therapy from the stress and overwork they face.

Having spent a huge part of their income compensating for their absence in the form of material goods, it’s no surprise that many OFWs head home with little to no savings at all. They then sell or pawn expensive items they’ve purchased at a fraction of the cost. So goes the cycle especially for those who have to shell out placement fees.

If you’re prone to impulse buying, hold tight to your wallet and ask yourself why you decided to work abroad in the first place. If it’s to secure your children’s education or to fund a small business, then bid adieu to that flat-screen TV for now.

Big-ticket commitments

You might think that a pre-selling two-bedroom condominium unit might be the perfect investment for you. After all, the interest rate is waived and you have ten years to complete the payment. Or not – if you’re only on a three-year work contract abroad.

If there’s uncertainty that you would be getting the same income that you have from your overseas job in the long-term, it’s best to forego big-ticket investments if it’s going to cost you future headaches. You can focus on mutual funds or the stock market rather than commit to resource-straining investments such as real estate.

Far too often, money matters sidetrack OFWs from enjoying what living and working abroad can offer aside from fatter paychecks. Guard yourself from these common pitfalls – peace of mind is priceless.

*This article first appeared on www.angatph.com
Ray Calbay is the co-founder of PageJump, a content studio for print, digital, and interactive projects. Based in Taiwan since 2010, he handles content requirements for mobile and connected devices. He has also consulted for multinationals and SMEs. He holds a master’s in communication from the University of Santo Tomas, researching on technology transfers and user-generated content. 

Skiddoo Philippines Inc

How Successful People Teach Their Kids About Money

How do you teach kids about money? There are lots of tips and tricks you can use to help kids understand that. Learning to handle money is a really important skill and I believe it’s never too early to start teaching them about value of money.

We all know how important financial skills are, so it’s a bit surprising that our children don’t learn anything about it in schools. As a parent, however, you have an obligation to teach your child important financial lessons. To help you a bit, we will share some money lessons from successful people in this simple infographic. It’s interesting to hear what some of the world’s richest people have to say about the one thing they don’t really have to worry about and how do they teach their kids about money.

The earlier you start teaching your children to save money, the better off they’ll be in the future.

Parental Journey

Follow my posts this year by subscribing to Rock To Riches for FREE!

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Rock your way to abundance!

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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 4. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 5. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

Skiddoo Philippines Inc

5 Simple Things To Do To Feed Your Mind Every Day of This Year

Starting the year right means feeding your mind with positive memories and pushing out the bad ones.

It does not need to be complicated. All you need to do is to apply the “negative out, positive in” approach to your daily mind diet.

That’s right. I’m been reading Tim Sanders’ “Today We Are Rich”.

In this book, Tim believes that possessing a confident outlook makes one perform at the highest level. It says that if you believe in yourself, the people you rely on, and God, you will be able to do what you once thought was impossible.

TimSanders

Here are five things that we suggest that you do from morning until evening from this day and beyond.

1. Exercise your gratitude muscle. You can not change feelings but you can change your daily habits to strengthen your sense of gratitude. Every morning when you wake up, get out of your bed slowly and give your waking mind time to adjust. Be thankful for every great morning and for all the simple yet great things you have right now.

2. Read good books or publications. Do not immediately go online or check your email or Facebook notifications on the first hour you are awake. Read books or high-quality magazines instead with inspirational of instructional materials. Of course, study them and think purposefully about the meaning of what you are reading.

3. Review what is going right and the positive things to accomplish before the end of the day. Have a 5 to 10 minute positive-thinking time after your lunch hour. If you are near a church or a chapel, visit and meditate for 10 minutes. That means just letting your mind clear of stress and negative thoughts.

4. Eliminate network television when you get home from business or work. Do not automatically switch on your TV. Doing this will just undo your day’s mind food management efforts. Try to listen to good and quiet instrumental music instead before taking your dinner. Play with your child. Have a good conversation with your wife about the good things you experienced during the day. Nothing beats quality time with your family and loved ones.

5. Pray and reflect about giving before going to bed. Think about giving something to someone the next day without expecting in return. Think about giving something that will empower someone and this will in turn give more confidence in yourself. If you give others enough power, you will influence them to go beyond material possession. This will allow to transform themselves from just being recipients to being givers as well.

When you give and expect a return on your investment, you are an investor. When you give and expect to be famous, then you are a self-promoter. But when you give only for the love of giving, you are a generous person. Be an instrument of generosity.

A Very Happy and Abundant New Year!

 

Follow my posts this year by subscribing to Rock To Riches for FREE!

Like-us-on-Facebook

follow-us-on-twitter

Rock your way to abundance!

#moneyliferocknroll

P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy before Christmas at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 4. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 5. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

Skiddoo Philippines Inc

A FREE Online Event You Don’t Want to Miss!

Think back to your most productive day this past week.

Now ask yourself: On that morning, what did you do differently? What did you eat that afternoon for lunch? What strategies did you use to avoid distractions, eliminate procrastination, and stay focused all day long?

The truth is, most of us don’t pay nearly enough attention to our daily routine.

But what if you knew precisely the right formula? What if you had a scientifically-proven recipe for achieving top performance? What if you could bottle that one perfect day and uncork it at will?

If you’ve ever wondered how you can take your performance to the next level, I have something that I know you’re going to love.

PWP Summit <== Check this out

or click the banner below:

PWPS_Affiliate_Assets

Take a look at this incredible event, featuring some of the smartest thinkers in the worlds of psychology, business, wellness, and productivity. We’re talking New York Times bestselling authors like David Allen, Shawn Achor, Tom Rath, Adam Grant, Susan Cain, Marshall Goldsmith, not to mention the 20 other experts in the lineup.

For one week in January, they’re revealing their strategies for getting things done. And incredibly, they’re giving away tickets for FREE.

Here are just some of the many fascinating topics they’re covering:

How to write the perfect To Do list
How to eat like a mental athlete
How to think like a creative genius
How to build smarter habits
How to get more sleep
How to deal with toxic colleagues
How to eliminate distractions
How to beat procrastination
How say “No” to anyone, including your boss
How to multiply your time

Registration just kicked off TODAY and space is limited. Don’t put off what could well be the most important move you make all year. Sign up right now.

PWP Summit

I can’t wait for you to watch this. This is going to change lives.

Best,

Burn

P.S. Here’s that Summit link. Feel free to share it with your friends and colleagues (before they take it down). I’m about to do that myself right now.

Skiddoo Philippines Inc

How Can OFWs Face The Risks of Job Losses & Mass Layoffs Abroad?

Many OFWS are not exempt from experiencing economic meltdowns in their country of work. Countries and governments in the Middle East, Asia, and even the Americas have gone through several financial downturn in the past and these can happen like a vicious cycle.

There are several reasons why many OFWs are at risk of losing their jobs overseas. Here are the most common:

1. Companies lose big contracts and projects

For several reasons, even the biggest companies experience financial setbacks due to losing demands in the market. Technology also plays a big part in the job loss of many OFWs who work in subcontracting companies. When big clients acquire better technology (e.g. robotics, new machinery, etc.), the requirement for additional contractual labor decreases.

This is one reason why many OFWs either do not get their salaries on time or worsse, lose their jobs in the process. No project to do, no money to come in, OFWs lose their jobs.

2. Oil prices become less competitive

For OFWs in the Middle East, the falling prices of oil has affected their compensation and jobs as a whole because their companies from different industries depend on it.

Countries like Saudi Arabia and Kuwait face the stiff competition from other giant nations like the United States and Russia have started to discover new oil mines and their production has affected the prices in the world market.

Harsh sandstorm to greet our Holy Thursday morning. Reminding us that from dust we came to dust we will return.

3. Recession

This is another vicious economic cycle that happens every once in a while but it really brings many OFWs and their families to tears.

When countries experience temporary economic decline, many companies put a halt in their operational or industrial activities. Therefore, many of our OFWs are left with nothing else to do but go back home.

4. Redundancy of positions

Some companies overseas lack the competency in reviewing their manpower needs that they end up hiring many people than what is really needed. This causes redundancy of job lines or positions, which means two or more people are doing the job that can be done by one or two employees only.

Another reason is that a company may have to downsize their economic activities and therefore have to reduce the number of employees in particular departments.

5. Localization of job posts

Some big economies hire expats in order to fill in positions that can not be performed by their local people. Another reason is that the number of natives qualified for the jobs are not enough to fill in the requirements of many companies.

But as time goes by, many of these natives have started to become more competitive and qualified. Plus the fact that their population are growing as well. This forces the governments to require companies to have a cap or limit in hiring a number of expats in order to give priority to locals.

6. Wars, terrorism, unrest, climate crisis

These are instances when many expats are left with no options but to stay inside their compounds or get repatriated by their respective governments.

Not surprisingly, many OFWs opt to stay in their country of work despite the risks of losing not only their jobs but their precious lives as well. They believe it is better to be earning outside the Philippines than to be back home with their loved ones and die of hunger and unemployment.

These are just some of the common reasons why many OFWs experience job losses and mass layoffs abroad. But how can they mitigate these risks? How can they prepare for these crises? Here are my suggestions:

How To Solve and Prepare for These Crises

1. Connect with authorities and support groups

Create a directory and make a list of contact numbers of the Philippine Embassy, Overseas Workers Welfare Administration (OWWA), Philippine Overseas Labor Office (POLO) or the Labor Attache, and support groups like the Truly Rich Club and other Filipino organizations, churches, and communities.

These organizations and people should be able to support you in one way or another during a crisis. Always keep your passport and residence ID with you. Keep copies of other important documents and your contract so it would be easier to facilitate or expedite any necessary process.

2. Create an emergency cash fund

Identify how much you spend and send to your family back home each month. Multiply this by 3 to 6 months and make this as your emergency fund.

For OFW’s, a separate fund for buying plane tickets and paying for visas must also be prepared separately and kept as cash on hand. We wouldn’t know what could happen in the country where you are currently working in. I call this the Emergency Airfare Fund or EAF.

3. Get a health and life insurance

During your vacation in the Philippines, prioritize to get both a health insurance and a life insurance for yourself. If you lose your job and get sick, you health insurance will be able to cover the medical and hospital expenses. If you pass away while working abroad or when you get back in the Philippines, your loved ones will be able to survive financially because of the proceeds that they will get from your life insurance.

If it will take some more time for you to be back in the Philippines for vacation or for good, then get a term life insurance instead in the country where you are working. This is a cheaper options and a temporary protection for you until you come back home.

4. Look for passive sources of income

While working abroad, study and look for opportunies in the internet. Learn more about online internet business or ways to earn like setting up an online store, blogging, or running a website.

If you have the money and the chance, score a copy of our Cyberpreneur Philippines book online and be guided on how to start your online business. However, always take precautions as there are scams and frauds online.

5. Start a small business abroad or back home

Many OFWs are challenged or are discouraged to start a business in the Philippines because of distance and their inability to monitor them while working abroad. But nothing is impossible these days.

We have gathered some options for our OFWs in our article “What’s The Best Business for OFWs?” which also includes a 10-point questionnaire to assess whether they are ready as an entrepreneur or not.

6. Learn how to invest and start one soon

Investing in properties or real estate is the most common option among many Filipinos abroad. This is a very solid investment that may give full earning potential for your cash as most often, land appreciates over time.

However, this do not always equate to liquidity. Which means you may not be able to sell your property at a premium when you need your cash the most. Property investing is one of the best options though for your long term goals.

We highly suggest that you learn how to invest in paper assets as this is a more affordable option for many OFWs. You can start investing in stocks, mutual funds, UITFs, retail bonds, ETF’s, money market, high yield time deposits, insurance-cum-investments, shares in cooperatives, among many other options.

7. Get into agriculture

Whether it’s your backyard or your bare land in the province, getting yourself involved in farming and agriculture will always pay you good dividends in the end. During crisis, your family will be able to be sustained by your farm proceeds from livestock and crop-bearing plants and trees.

If you have a limited space in your urban home or you don’t own any agricultural land, you can try investing in “patanim/paalaga” agri-business schemes like what my friend Krissy Domingo started. She called it Agripreneur Philippines. This is also the same scheme that me and my kumpareng Doy Alvares also started in 2014.

8. Always keep a positive and healthy outlook in life

Last but not the least, believing that whatever negative things that may come your way, there will always be a better opportunity for you.

You may lose your job today but the Lord will always open a new door of blessings for you and your family.

Always be ready!

Have a Merry Christmas and an Abundant 2016!

Follow my posts this Season by subscribing to Rock To Riches.

Like-us-on-Facebook

follow-us-on-twitter

Rock your way to abundance!

#moneyliferocknroll

P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Due to popular demand, my good friend and business partner Jon Orana will be releasing again his online program called the Internet Business Master Class. This exciting online learning program is about creating and selling e-books in the internet. Here’s a FREE 23-page step-by-step guide on how to make money selling e-books including which topics to write. Enroll in Jon’s IBMC Class NOW until December 24 ONLY! Click here to enroll!

P.S. 3. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 4. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy before Christmas at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at The Pantry at 07 in Makati City and ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 5. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 6. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

Skiddoo Philippines Inc

How Much Should You Spend on Gifts This Christmas?

For many Filipinos, gift-giving can be as simple as giving the smallest and cheapest item you can find in the market or department store. During Christmas season, “exchange-gifts” or monitohan are fun activities during Christmas parties.

But since most Filipinos are used to the adage “It’s the thought that counts”, the gift itself is the more important than the value of the gift being given.

But gift-giving is indeed something of a minefield for others. A cheap or impersonal gift can make the recipient feel less valued. This can also create an awkward and uncomfortable situation for both gift-giver and receiver.

This little model from Esquire magazine asks two questions to consider on gift-giving:

  • How long have you known the person to whom you are giving the gift?
  • How much money should you spend on the gift?

This diagram can be a good (but not an absolute) reference on which and how to give someone a gift.

2015-12-14 22.54.42

Two Rules of Thumb

Taken from The Decision Book, we must remember these two rules of thumb in gift-giving

1. Being generous beats being miserly (don’t be misled by the sentence ‘That really wasn’t necessary”).

2. Buy something that you would be pleased to receive as a gift yourself.

But then again, if you have a limited budget don’t dare go the point of borrowing money just to please the person you are giving the gift to.

You can always follow these rules of thumb but the truth is, it’s still the thought that truly counts.

Follow my posts this Season by subscribing to Rock To Riches.

Like-us-on-Facebook

follow-us-on-twitter

Rock your way to abundance!

#moneyliferocknroll

P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Due to popular demand, my good friend and business partner Jon Orana will be releasing again his online program called the Internet Business Master Class. This exciting online learning program is about creating and selling e-books in the internet. Here’s a FREE 23-page step-by-step guide on how to make money selling e-books including which topics to write. Enrol in Jon’s IBMC Class NOW until December 18 only! Click here to enrol!

P.S. 3. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 4. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy before Christmas at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at The Pantry at 07 in Makati City and ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
PepotCover1

P.S. 5. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 6. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!