5 Qualities You Should Look For In A Good Stock Investment

One of the most respected investing icons in this generation is Warren Buffet. You may have heard from experienced traders and investors that Warren isn’t actually investing in stocks. But that he is actually buying companies.

In a way, if you buy shares of a good company, you are indeed buying a portion of it. You become a part owner.

Mind you, Warren Buffet is not the type of investor who buys stocks on a whim. He looks at certain factors when picking stocks for long term investment. Continue reading 5 Qualities You Should Look For In A Good Stock Investment

How To Make Money When You Literally Have No More Cash In Your Pocket

So you don’t have a job now. Or your business isn’t doing well. Or you simply just failed to manage your finances in the previous month and your bills are starting to pile up. Overdue notices have been slipping under your door while you are sleeping.What are you gonna do now? Should you immediately borrow money from a loan shark?

Here are a few suggestions that you can consider if you are cash-strapped today. Continue reading How To Make Money When You Literally Have No More Cash In Your Pocket

Why OFWs Need To Invest in P.E.R.A. While Abroad

At last, PERA is here! After half a decade of waiting and being a #Paasa to many Filipinos, especially OFWs, the government has finally launched it to help promote long-term investments.

But what is PERA?

PERA is the acronym for PERSONAL EQUITY and RETIREMENT ACCOUNT. This is a voluntary retirement account, which an individual can set up for his/her exclusive use and benefit. It is similar to the 401(K) of the United States of America that serves as a financial instrument for retirement. Continue reading Why OFWs Need To Invest in P.E.R.A. While Abroad

Investment Hacks That Will Make Your 2017 a Different Year

As 2016 draws to a close, do you feel you have achieved all your financial goals? If it’s a yes, you deserved a pat on the back, otherwise, you could just be in the same group as those who couldn’t afford a Christmas gift or dinner this year. Nevertheless, here are some investment strategies for 2017 to get you a bigger bank account.

It’s no secret, the only way to have more money is to actually make it grow. Saving is just one part of the equation then investments complete the whole balance. But like many, you may feel a bit intimated about the word investment. However, it’s not as hard as it sounds, and many wealthy investors today at one point were in the same position you are. Continue reading Investment Hacks That Will Make Your 2017 a Different Year

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

Press Release: Money Matters Focus of Klik Books Event

Experts agree that the Philippine economy is looking good. However, no amount of direct investments, infrastructure boom, or low inflation would instantly improve everyone’s money situation. Most Filipinos need to learn how to start planting seeds of wealth now to experience the difference.

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Klik Books, a new imprint by PageJump, together with many advocacy groups for financial literacy rise up to the challenge. Financial literacy is the common theme of its two titles to be launched on October. 23. Klik Books aims to deliver otherwise dry concepts with humor and engaging design. The imprint aims to popularize technical topics in the Filipino language to reach a wider audience.

To be formally presented is the book Bidang Misis: Paano Tutugon sa Paghamon Habang OFW si Mister by Gitte Quintos. The self-help book delves into the common experiences of OFW families from the point of view of wives and mothers, who are naturally the treasurers of remittances. The book has an introduction by Vice President Leni Robredo.

Also featured is The Adventures of Pepot Kuripot and Dora Gastadora by Burn Gutierrez and Des Feliciano. The illustrated book captures every Pinoy’s money situation in a funny yet very instructive way. “Through this comic book, financial literacy has been made more understandable and enjoyable. Bravo!,” says preacher and entrepreneur Bo Sanchez of the book.

During the launch, the authors will discuss how financial literacy among various sectors of society can be more engaging and meaningful to our countrymen. The event will be held on October 23, 2 to 4 p.m., at Megatrade Hall in SM Megamall. Among the launch partners are LBC and TV5’s OFW TV. For more information, please email projects@pagejumpmedia.com.

**Press Release | Contact: Ma. Margarita Culala, +639396112305

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.

Do You Want To Get Started With Real Estate Investing?

I know it’s not easy. I’ve been there, done that. I failed a lot but finally learned how to do it the right way.

So how do you start investing in real estate?

The HOW TO BUY FORECLOSED PROPERTIES training is the most complete step-by-step training that tells you exactly how to find, buy, renovate, and profit from foreclosed properties.

No hype, no fluff, no kidding!

Yes, this is literally a step-by-step where my friend Jay Castillo will teach you everything you need to actually do this.

JayCastillo

The HOW TO BUY FORECLOSED PROPERTIES online training includes:

  • Access and login 24/7 – All course materials are online so you can login to access the content anytime from your computer, tablet, or smartphone
  • 10 Step-By-Step Modules that will take you through the whole process of buying and profiting from a foreclosed property
  • Bonus #1: Unlimited access to Q and A webinar sessions
  • Bonus #2: Lifetime access to the online training
  • Bonus #3: Platinum Membership (download rights for all video/audio)

Note: Bonuses are limited to first 100 to enroll. (Only 67 slots remain as of August 25, 2016) -As soon as you enroll, you will get immediate access (via user name and password) to the first module. The next modules will be released on a weekly basis. All unlocked modules can be accessed anytime.

-Training content is available in video + slides (.MP4), audio download (.MP3), slides (.PDF), and spreadsheets (.XLS). Live Q and A sessions will be done through webinars (with recorded replays).

-With 30-day money back guarantee!

Click here and ENROLL NOW! 

What Happens If You Don’t Pay Your Debts?

Being unable to pay your debts will reflect negatively on your credit history, making it tough to take out loans in the future. It is important to keep in mind that once you decide to borrow from any lender, you take yourself to be responsible enough to pay your debts on time.

Applying for loans may be tricky but if we engage ourselves with the following scenarios, we will be able to pick up some tips on how to properly manage finances.

Here we have Pedro. He took out a loan for the latest rose-gold tablet. Eventually, he quit his job because he couldn’t tear himself from watching the latest episode of his favorite TV series. Because he was inactively seeking for a job, he found himself facing a problem – not having the money to pay the debt for his loan.

Here is what will happen to Pedro in the next months if he doesn’t sell his tablet or find work to pay off his loan.

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Of course, it is fair to say that not all who fail to pay their debts are irresponsible just like Pedro. They can be reliable borrowers, but unforeseen circumstances such as an illness or death in the family can make it difficult or impossible to repay a loan on time. But regardless of whether one is a “Pedro” or not, the consequences of not paying a loan are the same. Let’s take a look.

We will go through 5 stages with Pedro. Within each stage, his debt will grow along with the risks of saying goodbye to his rose-gold tablet. Pedro may be confident that his health and life are not under threat because he took out a loan from a legal lender so the collection process will flow according to the law where collectors will not beat him, shout at him, or kidnap him.

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Stage 1: Pre-collection. Before the due date.

The lender politely reminds Pedro that he has a due date, ensuring him to avoid delayed posting of his payment and the undesired additional charges as a consequence of being past due.

Timing: 1 – 10 days before the due date.

Charges: None.

Worst thing about it: If the lender will not succeed in getting in touch with Pedro, he will miss the due date, pay the fee, and create a negative impact on his credit record.

How to prevent it: Pay before any reminders.

In case it happens: Pay on time as advised by the lender.

 

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Stage 2: Telephone collection. After the due date.

On the 6th season of his favorite TV series, Pedro goes past his due date. The lender is concerned about Pedro and tries to get in touch with him through calls, SMS, letters, e-mails, and even Viber. The lender wants to know what happened so he could find a solution.

Timing: Depends on the lender. Usually ranges from 1 to 60 days after the due date.

Charges: Depends on the contract. Sometimes, it is a fixed amount of Php 200 – 600 per month or a 7 to 10% interest of the amount due.

Worst thing about it: It results to a negative impact on the credit record. This will also prohibit Pedro from taking out another loan in the future. Because Pedro doesn’t pick up the phone and doesn’t pay, the worried lender will be calling his referred relatives, friends, and his employer, not disclosing any information about the debt to the third parties. But since Pedro’s former boss and colleagues, neighbor, or even his mother-in-law start receiving calls from the lending company, they might start suspecting him of having debts.

How to prevent it: Pay on time or proactively warn the lender about the payment delay. Some lenders may be considerate, which means they will stop calling for some time, offer a repayment schedule, or even waive the penalties.

In case it happens: Pay the debt or get in touch with the lender to find a solution as soon as possible. Pedro should be fair and should not give empty promises. If he promises to pay on the next day, the operator will note this in the system. If the payment is not settled, Pedro will automatically end up on the blacklist. As an option, Pedro may pay as much as he can. It will not prevent the calls but at least he will maintain his white-listed status.

 

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Stage 3: Face-to-face collection.

Since Pedro is not picking up calls from the lender, the situation has gotten worse. The lender’s field collections officers have come to visit him at home. They are calm, polite, and will never harm anyone; but are very assertive and they know what they have to do. If unsuccessful, they will keep on coming back until the debt is paid. Sometimes, the lender passes the debt to a third party collection firm. This, unfortunately, changes nothing for Pedro.

Timing: Depends on the lender. It usually takes 60 to 180 days after the due date.

Charges: Php 100 – 300 pesos monthly.

Worst thing about it: The collectors are very assertive. They will be visiting the residence or the workplace if the borrower doesn’t pay. The neighbors and the family of Pedro may become the unwitting witnesses of him trying to explain his situation.

How to prevent it: Pay the debt before the due date or during the previous stage.

In case it happens: Pay the debt directly to the collector as soon as possible or agree on a new payment date. In this case, Pedro should keep his promise.

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Stage 4: Last chance. Court.

Pedro keeps on ignoring the collectors. The lender’s next step is to pass this to the Small Claims Court. Since Pedro is too preoccupied with watching his TV series, the court hearing takes place without him. With all the documents on hand, the judge sentences Pedro to pay his debt in full immediately.

Timing: 90 days after the due date.

Charges: The debt and all the penalties plus an attorney and agency fee of Php 5,000.

Worst thing about it: Pedro will most likely lose the case. The court will sentence Pedro to pay the full debt amount including additional fees and court charges.

How to prevent it: The lender warns the borrower before filing a case. Best way is to pay off the debt before the court or try to agree with the lender on the payment schedule.

In case it happens: Visit the court hearings and fairly explain the situation to the judge. In case the borrower has voluntary signed the contract, there is no chance that the loan will be waived. The only thing the judge can do is to sentence softer conditions of repayment.

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Stage 5: No chance. The debt is already with the authorities.

Pedro did not appear in court, lost his case, and didn’t pay the sentenced sum on time. The authorities will come to confiscate his rose-gold tablet.

Timing: Between 1 to 2 months.

Charges: The cumulative debt including the initial loan amount, fees, as well as the attorney and agency fee.

Worst thing about it: The authorities will take Pedro’s properties to cover all the debts: it is possible to take his favorite rose-gold tablet, flat TV, and even his pedigree dog.

How to prevent it: Find the money to pay the debt. There is no point in waiting for the authorities because they could take any property that Pedro has.

In case it happens: When the authorities come, there is nothing Pedro can do.

It is better not to wait for the authorities. Just settle your case with the lender.

We have come down to these 6 points which everyone should keep in mind:

  1. Not everyone who fails to pay is an irresponsible borrower. In extreme situations, everything might end very badly for the borrower.
  2. Lender always warns about the due date first.
  3. It is better to settle the debt directly with the lender.
  4. Before going to court, the credit record is spoiled, but still, everything is not that bad.
  5. If the borrower is called to the court – it’s better for him to appear.
  6. If the authorities come to the borrower – the game is over.

**This is a public service post from Home Credit Philippines

Learn more on how to reduce and manage your debts! Subscribe to Rock To Riches 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. 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.
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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!