Skiddoo Philippines Inc

Top 10 Money Tips for OFWs on Christmas Vacation

With Christmas less than two weeks away, more and more of our kababayans are coming home to spend the holidays with their families. After living and working abroad with little to no family with them, returning home for the holidays is a much-awaited homecoming for overseas Filipino workers (OFWs). From balikbayan boxes filled to the brim and nightly reunions, the Christmas holidays is a grand celebrations for OFWs, and an expensive one. Continue reading Top 10 Money Tips for OFWs on Christmas Vacation

Skiddoo Philippines Inc

Press Release: Join The 2nd Angat Pilipinas Financial Literacy Awards!

Be among the privileged Filipinos to witness this year’s winners of the Influential Author, Money Blogger, Advocacy Group/Partner, Institution, and OFW Advocate of the Year awards!

with live performances by neo-ethnic band Talahib,
the VoicePH finalist Darryl Shy, spoken word+poetry+music artists from Romancing Venus (featuring Kooky Tuason, Marty Tengco, Cecil Artates and Caren Tevanny),
singer-songwriter Acel Bisa van Ommen, and DJ Kyle Garon!

also featuring Mike Grogan, Jojy Azurin, Fitz Villafuerte, Ace Gapuz, Alvin Ang, Henry Ong, Dean Pax Lapid, Rose Fres Fausto, Rex Mendoza, Susan Ople, Ardy Roberto, Miriam Quiambao, and a whole lot of finance and investment personalities!

Click here to grab your tickets NOW!!

Hosted by EntrepChamp Paulo Tibig, Kassy Pajarillo, and Trix Esguerra

September 24, 6pm to 10pm
at the Asian Institute of Management in Makati City

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See you there!!

We would like to thank the following:

CO-PRESENTER:
Manila Workshops

OFFICIAL VENUE PARTNER:
Asian Institute of Management (AIM)

IN PARTNERSHIP WITH:
Truly Rich Club
Real Estate Maven
Klimex Capital Markets

SPECIAL THANKS TO:
Sta. Lucia Land
David’s Salon
COLmeJoey
Philcrowd Nutriwealth Multi-Purpose Cooperative
ForeclosurePhilippines.com
International Philippine School in Al Khobar
Jesus the Risen Savior School-DeLa Salle Accredited
RockToRiches

MEDIA PARTNERS:
Philippine Star
Radyo5 92.3 FM
Radio Republic
BlogWatch.ph

Want to be a sponsor or a partner?
Email us at angatpilipinasFL@gmail.com or visit AngatPH Awards Sponsorship Page

Click here to grab your tickets NOW!!

**Proceeds from this event will benefit the financial literacy and social entrepreneurship mission of Angat Pilipinas Coalition to public schools and poor communities around the Philippines.

Skiddoo Philippines Inc

Top Pressing Financial Reasons Why You Need To Organize Your Records

Maybe you know where your SSS ID is kept. Maybe you know which drawer you squeezed in your passport. But when your filing cabinet becomes like the traffic in EDSA or the Los Angeles freeway and you can’t find a document that you need in at least 10 minutes, then it’s high time for your files to have a makeover.

Here are some of the pressing financial reasons why you need to get a better handle on all your documents sprawling around your house.

Less cost on fees. Your accountant or tax lawyers will charge your less on man-hour costs and professional fees if your files are well-organized. Having good records will save you money in the long run.

Saves you time. If your files are organized and properly labeled, it will be easier for you and your family members to pull them out if immediately needed.

Easier for family members to pick up documents when you are not around. More importantly, having your files organized will be easier for your spouse or kids to look for your files when needed and if you are not around. You will also set a good example to your family members when they see how organized you are.

Unorganized records lead to relationship friction. You may have experienced blaming your spouse or parents when you were looking for a particular document during an emergency and you could not find them. You can avoid these blame games by maintaining a good filing system.

Lets you know your current financial situation. Having good records and organized filing system will also help you and your family members understand what you currently have and how your cash flows in and out of your accounts.

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Transform Your Piles Into Files

Don’t procrastinate, start your simple home filing system now. You can start with just 10 to 20 major categories for your hanging files or filing folders.

Here are some examples for you to consider:

  1. Cash and banking records
  2. Mutual funds and unit investment trust funds
  3. Stock brokerage accounts
  4. Retirement plans
  5. Insurance (Non-life)
  6. Insurance (Life/critical illness/disability)
  7. Insurance (Medical)
  8. Estate plans
  9. Work-related files
  10. Home purchase and improvements
  11. Loans and mortgages
  12. Cars/vehicles
  13. Taxes and government filings
  14. Warranties and manuals of your appliances and gadgets
  15. School records of your children
  16. Personal financial records and inventory

Are you ready to get organized? Follow my posts and learn how to keep good records 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. 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. Sign up now in Jon’s FREE webinar happening on April 11

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

How To Discipline Yourself To Live Within Your Means

Have you asked yourself, “Kailan kaya ako yayaman?” even if you are earning bigger than your other friends and relatives?

The truth is, you may never achieve the goal of being rich if you are currently living beyond your means. Did you know that the reason you are not achieving it is not because you have small salary but rather because of your overmuchness lifestyle choices?

If you believe you are guilty, then you should take these steps to turn things around.

1) Know your net worth.

To give you a clearer view on the status of your finances, it is recommended that you conduct a net worth analysis.

Analyzing your net worth is quite simple:

Add the following outright assets:
Savings + Retirement accounts + Stock investments + your real estate property + others

Add everything you owe (debts):
car loan payments + credit card bills + personal loans + other payables

Then subtract your assets from debts in order to arrive at your net worth.

If the result is a negative number, then you are living beyond your means. This means that even if you have a job today and you are earning a salary, you still essentially own nothing.

In order for your numbers to become positive, start living within your means.

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2) Practice cash-only living.

Many people, Filipinos included, do not really understand what living within or below means for obvious reason: they live on loans and credit cards.

The best thing to mitigate this problem is to instill a habitual behavior of living on cash alone. Just try 21 days of spending with your cash alone and not with your credit cards.

This will challenge your spending behaviour but you will be surprised on what you can do if you are able to make it on the 22nd day just using your cash on hand for your daily expenses.

Do not forget to record your debts as mentioned in our recommendation No. 1. The limitations of living on cash only may frustrate you, this will be a learning experience for you as you will be forced to be more careful and thoughtful in identifying where you are spending your money.

3) Clear out the clutter.

If you are a willing victim of the culture of rushing to malls whenever there are “sale offers”, you must be collecting items you don’t really need inside your closet or drawers.

If your closet contains items you haven’t worn in over a year, old technology, books, or sporting goods, you’ve already got more than you need.

The greatest 3-day sale madness in town is not really helping you saving money when you are actually using your credit card or money you borrowed from your officemate.

Maybe it’s time for you to clear out the clutter and consider selling your items on eBay, Amazon, OLX, ukay-ukay shops, or even at your garage. Or better yet, why not donate them to people who may need them the most?

4. Reformulate your definition of success.

While you really do not show your bank savings or credit card bills to your social media “friends” or neighbors, the way you dress yourself, the car you drive, the restaurants you go to, or how frequent you travel to places other people have not been to in their lives may make people judge how well you are doing. Even if the truth is you don’ really have the means.  

There is a big difference between being truly rich and just trying to look rich.

It’s not that complicated to follow these steps but you need to convince yourself that there’s no gain if there is no pain.

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!

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P.S. 1. My friend and business partner Jon Orana will be launching his Internet Business Master Class program or IBMC again this coming month of April 2016. Know how I was able to earn almost half a million Pesos online passively just by following his marketing strategies. Sign up here to get updates on the program schedule and to download his FREE guide on how to make millions selling digital products online. Click here now to download the guide!

P.S. 2. 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. 3. Prepare yourself to become an entrepreneur by signing up for our Enter Entrepreneurship webinars! You only need a computer and an internet connection to attend wherever you are! Click here to register NOW! .

P.S. 4. 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. 5. 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. 6. 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. 7. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

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.

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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

The Weirdest Insurance Fraud Claims of All Time

While insurance plays a pivotal role in our society, there are downsides to any social system. Most of the time, insurance claims are routine matters involving minor damages or accidents. Once in a while, police reports might contain a funny sentence or two regarding accident-scene disturbances.

However, truly bizarre claims are sporadic and obscure. Some have become legends. If you Google “weird insurance claim” you will find numerous unconvincing reports involving anything from faked injuries to faked deaths. Every year, millions of claims from customers are made relating to damage to their property caused by a vast array of accidents. Although all claims are dealt with in a professional and serious manner, some tend to stand out more than others for their more unusual circumstances.

It can be difficult to imagine some of the events that claimants describe, but it is interesting to note that many of these fraudsters actually received pay-outs from their insurance companies. Top Quote have created this infographic that gathers the strangest insurance fraud claims ever made.

The Weirdest Insurance Claim Frauds  of All Time

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

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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 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.

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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. 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

5 Foolproof Ways to Boost Your Retirement Savings

Everyone looks forward to a retirement where they can relax, indulge in their hobbies and favorite pastimes, without the need to worry about getting up for work! In order to enjoy your retirement it is essential to plan for it now and build your retirement savings as quickly as possible.

The following methods will ensure you are comfortable in your retirement:

1. Review your current budget

In order to save more you must be able and willing to put more funds into your retirement accounts. The first step in this is to take a look at your current expenditure and where this can be adjusted to release more funds.

Automatic insurance renewal can inflate your annual premiums, unneeded or excessive phone contracts can drain your funds and even eating out regularly can limit you savings ability.

As part of your review, create a realistic budget which allows you to save for retirement and build an emergency fund whilst still enjoying your daily life.

Retire

2. Boost your current income

If the above exercise leaves you scratching your head, unable to locate the additional funds you need to create a retirement fund then you may need to consider earning more. You may be able to obtain a pay rise or work more hours in your current job, or you may need to look for a second job.

Alternatively you can start your own online business! A part time job can also be a useful tool after you have retired. It will boost your income and provide you with both mental and physical stimulation; something which is important for older people.

An important part of this is to check that you are obtaining all the benefits to which you are entitled; these can make a big difference to your lifestyle and savings capabilities.

3. Automation and vision

It is advisable to automate as many of your retirement savings contributions as possible. In some cases this will mean you do not even notice the money having gone; you will certainly not forget to make your monthly contribution!

In order to stick to this plan; particularly when funds are tight it is important to have visual aids in strategic places around your home and even your workplace. This will remind you of what you are saving for and ensure you stay committed.

4. Additional earnings

If you are lucky enough to get a pay rise, bonus or a small inheritance then you should invest this immediately. You do not need it to maintain your current standard of living!

Wherever possible you should seek to maximize your payments to your retirement accounts. The government sets yearly limits which can be invested tax free; if you can afford these then commit the money, you will benefit in the long term.

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5. Stocks

The stock market offers an opportunity to boost your retirement income significantly; it can also be a high risk strategy! It is essential to take professional advice and study the market before investing anything; you need to be certain you know what you are doing. The closer you are to retirement and the more funds you need to build the more risky the approach will need to be.

Alternatively if you already have a reasonable fund built up you can use this to purchase shares in companies which have a history of paying dividends. A yearly dividend can add a considerable sum to your income in retirement.

  • Another option is to purchase an annuity with the funds you have available; there are two main types of these:
    The immediate annuity will pay you a lump sum and then a monthly payment for life.
  • The deferred-income annuity does not provide a lump sum option, it will, however, give you a larger lump sum every month for life, starting from a pre-determined age.

Whatever your situation there is a way to boost your retirement savings and your income in retirement; the important thing is to start now.

Don’t do it on your own if you’re not a financial expert, and look for assistance. An advisor will know exactly what to do to help you boost your retirement savings. With these simple but effective tips you’ll live the most comfortable life by the time you turn 60.

*This is a guest post by Maxwell Donovan and Synaptic.co.uk!

 

Skiddoo Philippines Inc

Should You Change Your Investment Strategy?

Being in a comfort zone is not an assurance that you will succeed forever. In the same manner, doing the same strategy in your wealth-building all your life will not guarantee that you will achieve your goals.

Why? Because things change. Your relationship status change. From being single you either get married or be in a domestic relationship. If things get worse, you may fall under the category of “It’s Complicated” or “Separated/Divorced”.

Along the way, you may also lose your job, shut down your business, or get near the golden years of your life.

Other than these (or because of these), your financial status change as well. These big life changes will most likely need adjustments on your finances.

Here are some of the most life-changing events that may happen to you sooner or later and are reasons for you to re-align and reboot your investment strategies.

1) You are going to be a father or a mother.

That’s because you will need to consider certain variables such as medications and supplements, medical consultations for mother and child, delivery of your baby, healthcare, crib, diapers, food, nanny services, among others.

In my case, we had to leave the country in order to earn more than what we could back home.

According to iMoney Philippines, in this day and age, raising a child, in the best environment, can cost as much as P500,000 a year. The average income Filipinos will, of course, have to adjust accordingly.

It’s best that you re-calculate your regular investing amount and make sure you add your child and spouse in your list of financial goals.

2) You lost your job or you just want to find a new one.

Anyone’s employment situation will surely change anytime. Everyone should be ready, especially our OFW’s who are living on per contract job stints.

Your investing schedule will definitely need an overhaul should become unemployed. While looking for a new job, make sure to live way below than what you used to.

Also, do not invest your severance pay/end-of-service benefits in high-risk placements such as the stock market. Keep these as part of your emergency cash instead.

Once you found a new lease of life in another company, you may then go back to your normal investing schedule.

Whatever your financial goals are, you should determine whether your previous long term goals have now become medium-term or short-term goals.

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3) Your kids have grown up and you are now alone.

Time will come when your children finally grow into young adults. He or she will go to college and find their dream jobs or settle down on their own.

This may bring smiles on your face but don’t get too confident. You should remember that these are usually the struggling years of a young adult.

You may allow your kids to work while studying but this will never be enough. You may need to take out loans or use up your emergency fund if there are expenses not covered by your investments intended for his or her tuition fees alone.

But always remember, never ever touch the money which is intended for use by you or your spouse during your retirement years just to pay up for your growing child’s school needs.

You can instead help them out find other ways to address these. But not from your retirement fund.

4) You now belong to the S-Gen or the Sandwich Generation.

You may be one of the many Filipinos supporting your aging parents or even your grannies while also taking care of your own children.

If you are currently in this situation, then you are now a lucky member of the Sandwich Generation Club. This is a very crucial time to build more emergency fund. This is a time when cash is really king.

If your aging parents have bank and investment accounts, it’s best that you discuss about these with your other siblings and agree on what to do with these while they are still healthy.

If they have properties under their names, it is now the right time to find out who their estate planner is.  

5) You are nearing your golden years.

Your long term goals may have started to close in. Now is also the right time to for you to have some fine-tuning of your investment strategies.

There should be no more close monitoring of the stock prices or currency rates. You may need to slow down and protect yourself from the volatility of the markets and go instead for lesser-risk investment vehicles such as balanced funds or other fixed income instruments.

You may also need to check on the possible benefits that you can get from your insurance packages and SSS or GSIS pension plans.

While keeping track of your money, do not forget that you should also enjoy the rewards of preparing earlier in your life so that you can have the best retirement years possible.

Know more about rebooting your investing strategies and keeping track of your finances by subscribing to Rock To Riches.

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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. 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.

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. Order your copy now from our website http://pepotanddora.com and have it delivered right at your doorstep. 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.
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P.S. 5. Buy insurance products online! Visit the very first online insurance store in the Philippines: the AXA iON! Purchase your alternative savings plan, educational plan for your children, medical emergency plan, and your life insurance by clicking HERE.