Skiddoo Philippines Inc

Why There Is No Need For You To Show Off

A couple of weeks ago, I was discussing with a friend about so many things such as the music we play as a band, how good homeschooling is for kids, politics in the Philippines, educating the youth, and our financial literacy advocacy. The most interesting part of our discussion was about stewardship and frugality, two of the things that I truly believe and share to other people.

My friend told me about his father-in-law who lives in a posh village in the southern part of Metro Manila. His father-in-law owns 30 properties or so around the Philipppines but drives a very simple car. Which means he can buy any of those expensive SUV’s available around the Metro but prefers not to.

He uses an old school cellphone (the one with flashlight and FM radio) instead of smartphones that many people under the classification of “poor and not-so-poor” show off to their friends and frenemies alike.

*We’re closing the Internet Business Master Class (IBMC) 3 days from now! Book a slot NOW to learn how to earn 5 to 6 digits through the Internet Business Master Class (IBMC)! Click here to enrol!

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

Check out my post “We’re Using Cheap Cellphones, So What?”

My friend agrees with his father-in-law. He said that he would even choose a good second-hand car over a brand new one for practical reasons. And I share the same view and sentiment.

Show off zone (3693364816)

Do you want to know why it is not good for you to show off especially if you don’t have the cash? Here are some of the reasons my friend and his father-in-law gave.

1. You become a subject of jealousy. Many people will surely get jealous of your high-end smartphone or your extravagant shoes. Yes, it’s your right and hell yah, you’re helping the economy. But tempting your friend to buy or borrow money just to get the same pair of shoes that you have may cause financial distress to him or her or their families. Leave the financial burden to yourself and do not tempt your friends and loved ones.

2. You will be the thief’s apple of the eye. Unlike my friend’s father-in-law who lives in a secured village, your house may be located in a place where you are your own security guard. Your dark street may be the kingdom and paradise for snatchers. Why risk your life for these?

3. You may lose your privacy and become the talk of the town. Many people will talk about you and that expensive thing that you bought. Well, you will say I don’t care what people say. But I tell you, you will. And it will be a big concern for you, your kids or family members in the future.

4. You will not really be happy about it. Other people may be impressed at least for a while. And you will too. Later on you will regret that decision of buying that mundane item because a more important financial matter needs to be settled. And you don’t have the cash anymore.

5. You will not benefit anything from showing off . You will fantasize about it before and after buying it. But soon your fantasy will become a nightmare. You won’t gain anything from such an interaction other than emotions fired up on both you and other people’s side — jealousy and pride. And neither of these two are good qualities for you to show off.

“Don’t be concerned about the outward beauty of fancy hairstyles, expensive jewelry, or beautiful clothes. You should clothe yourselves instead with the beauty that comes from within, the unfading beauty of a gentle and quiet spirit, which is so precious to God.” – 1 Peter 3:3

Live simply, comfortably and without the need to post what you have on social media and without the need to wave those bundles of cash in other people’s faces. 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.
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

Four Simple Tests To Do Before Investing Your Hard-Earned Money

Are you familiar with litmus tests? A litmus test is the use of a litmus paper to test the acidity or alkalinity of a solution.

In investing or business, you should also apply a few simple tests before deciding to pull out that hard-earned money from your pocket.

Here are our four simple investment “litmus” tests:

1. The investment offer must be clear and easy to understand.

No hanky-panky’s. No gimmicks. No tricks. No flowery words.

When selecting an investment vehicle or any business opportunity for that matter, make sure that the broker or dealer clearly explains their investment product or services. Investment categories such as stocks, bonds, and pooled funds are some of the most popular paper assets being offered to the public these days. “Hard assets” like gold or real estate may also appeal to you.

Before parting with your money to invest in these assets, make sure that you have attended seminars or trainings provided by the appropriate government financial institutions and have researched about them yourself.

LitmusTest

2. There should be a good “chance”, but not a guarantee, to make money.

While you should be investing in assets that will make you money, an investment should not offer a guarantee to make big profit in a short period of time.

There are investment vehicles such as government or corporate bonds that offer fixed returns after a specific number of years. But don’t expect your money to double within that period since earnings from this instrument is relatively small, just a tad bit higher than “cash” investments like money market and time deposits.

If someone offers you a guaranteed return in the stock market, stay away from it right away.

3. There must be a ready market if you should need to liquidate or sell your investment.

There have been stories of overseas Filipinos investing in real estate and gold bars but were not able to liquidate them at a profit. Some could not sell their properties or condo units because the location is simply not profitable.

When investing in an asset, make sure that there is someone who is willing to buy your investment at a price that you desire and at a profit that matches your personal financial goal.

4. The investment should not be relatively expensive to buy and sell.

Have you heard about people being duped because they believed that they will get big profit if they invested a bigger amount of cash?

A good investment should always be affordable to buy and sell. It should also offer you a reasonable amount of time for you to decide before investing in them.

Are you ready to “litmus test” your investment options? To learn more about evaluating investment and business options, 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.
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

Catch These Money Learning Events in Singapore This Month of May!

Summer is going to be a very busy season this year with all the events happening in and around the Philippines. And our fellow Filipinos in Singapore will be part of the learning frenzy as well as our friends and business partners Randell Tiongson and Jess Uy and investment icon Rex Mendoza take to stage their financial wisdom and knowledge.

Catch these three celebrity money personalities on May 6 and 7 in Singapore! Share it with your friends and loved ones! Contact seminars.jessuy@gmail.com for registration and more details!

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Be a wise money decision maker 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

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

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.

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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.

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BURN GUTIERREZ

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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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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. 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.
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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

Rock To Riches on Marv de Leon’s FreelanceBlend Blab Podcast

After a back to back interview with the press at eCompareMo.com’s first event at Kamuning Bakery’s #PandesalForum and ANC On The Money last February 10, I was invited by my fellow freelancer and author Marv de Leon to be interviewed also on his Blab Podcast.

BlabWe discussed about how my financial literacy advocacy started and why I decided to become an online entrepreneur. Enjoy watching the interview! :) Learn more about cyberentrepreneurship by subscribing to Rock To Riches for FREE. Rock your way to abundance! #moneyliferocknroll Like-us-on-Facebookfollow-us-on-twitter

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.

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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 To Keep Your Debts Low

Are you worried about your current debt, or unsure whether you can make your payments on time? Don’t panic! Just like any other money problem there is, find out how you can make the situation less heavy on  your wallet by first looking for the root cause of where all your money is being shelled out on. We’ve rounded up the top helpful tips to help you get back on track and keep your money health in good shape.

1. Ask Yourself: Why Are You In Debt In The First Place?

Did you get a loan with a really high interest because you needed the money so badly? Or did you borrow money from a personal friend and now avoiding him because you feel ashamed?

Generally, you should only muster the confidence to get a loan if your total monthly debt payments does not exceed at least 30% of your income on your annual salary. So if you’re earning P20,000 net per month, you can only have a maximum of P6,000 to allocate if you plan on getting a loan.

This helps you provide a buffer so you can handle your expenses and when you’re paying back your loan.

2. Know The Difference Between Good Debts and Bad Debts

It’s considered a good debt if you start investing so you can increase your earning potential. For instance, education is a really good investment. Getting a house loan as compared to shelling out money for rent is also a good investment.

Bad Debts on the other hand include impulse purchases that you buy through your credit card. It’s probably a good idea to skip buying that designer bag even if it’s 50% off. You want to make wise spending choices from now on that you have existing debt to pay off.

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3. Make a Spending Plan

Many of us include in our New Year’s Resolutions a goal to be more mindful of our spending habits. A good way to start is to create a simple budget plan where we include our income, our expenses, the bills we have to pay, and our debts. This provides a better overview of how we handle our finances and make us more conscious to our spending habits.

Having a spending plan can also serve as our roadmap so we can ultimately get rid of debts and make realistic payments to the debts we’ve previously incurred.

4. Cut The Plastic

Many of us think of the credit card as a lifesaver especially when we’re running low on cash. We should think of credit cards as the extension of our hard-earned money that even earns finance charge when we are unable to pay it in full when the statement arrives. If you have credit cards, try opting for promos under the “0% Interest” program and just resort to using it for emergencies.

Remember: It’s often a better idea to pay in cash as it automatically does not tie you to any loans or interests from past purchases which may cause a dent in your wallet.

5. Get Rid of Unused or Unwanted Items

Turn your closet filler into instant money that you could add to your savings. Do spring cleaning and even sell the stuff you don’t want to make extra cash or to solve short-term money needs.

If you feel stuck in a rut, have a valuable item you’re not ready to get rid of just yet, you can choose to try pawning your items at PawnHero, the first online pawnshop in the Philippines and in Southeast Asia. PawnHero offers only 2.99% monthly interest rate as compared to traditional pawnshops today and only requires you to have a camera-enabled gadget and the Internet to find out how much you could initially get for the item you want to pawn.

So keep in mind these tips to help get your debt low and radically transform your life to make better and smarter spending decisions!

*This is guest post.

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

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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. 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!