The Ten Second Rule

When you’re inside a mall or pass by a store, how impulsive are you?

The most valuable personal finance skill, in my opinion is how to simply control your emotions and desires.

Control over your emotions and desires enables you to make the right decision.  It helps you interfere your personal feelings and desires with the right choice to make.  It’s more of mind over heart.

Believe me, this is something I struggle most of the time the “Wants VS Needs”.  Yes, I’m tempted to buy something that just fulfill and satisfy me for a very short-term period that will pass within 24 hours, days or a week.

How to Master Your Emotional Control?

Here are the tricks that I find something effective and helped me to make a sound financial decision:

1) Wish List

- The simple act of adding that item in your wish list will give it enough time to be on the waiting list and eventually you will forget it and losses interest in buying them.

2) Pros and Cons

- Compare the Pros and Cons before buying an item.  Think for long-term.

3) Ten Second Rule

- Ask yourself, “Do I really need this item?” Spend 10 seconds to process that question every time you touches your wallet or your pocket.  Too much thinking will end you up deleting those items in your “buy list” and return yourself back to you.  

So far these are the basics that you can master to help you control your emotional response.

Join Filipino Investors Club by contacting us at filipinoinvestorsclub@gmail.com.  We are happy to serve you and join our advocacy.

Free Financial Seminars in Cebu and Makati

Tuesday

Financial Management Talk | Registration Starts at : 6:45PM , Seminar Starts at: 7PM to 8PM

Thursday

Financial Management Talk | Registration Starts at : 6:45PM, Seminar Starts at: 7PM to 8PM

Friday

Fundamentals of Saving & Investing (Introduction to Mutual Fund and Stock Market Investing) | Registration Starts at: 6:45PM, Seminar Starts at: 7PM to 8PM

Saturday

Financial Management Talk | Registration Starts at: 2:00PM, Seminar Starts at: 2:30PM to 3:30PM

Earn More Money: A Self-Taught Skills

I attended a Financial Literacy Seminar on May 23, 2014 (Friday) which serves as a refresher for my part.  I know I already attended countless of seminars pertaining to investment, money, and savings to name a few but never got the chance to get serious about Financial Freedom.  Until one day on the last quarter of 2013, I was invited by a friend to become a Financial Advisor primarily because of my connections or contacts and I speak the language of “Sales and Marketing”.  Not only that, I joined and registered to become one because I need to educate myself too and inspire other people.

Since it’s my day-off I need to visit the office to meet fellow Financial Advisors and at the same time to catch up with everybody of how they are doing with their lives lately.

In My Pursuit For Additional Income
Recently, I come into my own senses that I need to replace my active income (my salary with my day time job) with that of my passive or active business.  So below are the lists:

1) Rental Property 
I’m fortunate that I was able to negotiate with the landowner to sub-lease the whole building for rental.  Least to say, I have commission per month at P6,000.  Since I have a partner who also helps me manage the building while I’m at work, so we have 50/50 cut for the commission.  Not bad for P3,000 each right? This helps me save my rental fee. 

Skills Required:  
- Negotiation Skills
- Effective Communication

Tools Used:
- Internet for Online Marketing

2) Training Organizer
Way back in college I was elected as the Chairman for Ways & Means. My role that time was how to generate funds for our school organization. What came into my mind was to organize school seminars because we have “Seminars and Tours” as our subject in college.  That alone, I used that as a way for our school org to generate funds by organizing seminars for the students with a minimal registration fee of P200 to cover snacks, hand-outs, certificates and token for our guest speaker.  For consecutive years, our school org was always the number one (1) organization.  Sad to say, that same school organization died a natural death years after I left my alma mater.

Fast forward.  That same idea and strategy I used in college is what I duplicated outside the campus.  This time at a bigger scale because my participants are professionals ranging from Managers, Supervisors, Frontliners to name a few. Would you believe that I was able to invite a 117, 255 and 107 paid number of participants?

My commission varies depending on the type of topics and the number of participants who will be joining.

On May 28, 2014, I have another public seminar and I got more than 20 participants. My commission alone for that one (1) day seminar is P14, 500. Eventually it will grow because some participants prefer to pay at the venue. It’s already a good sum of money because I wanted to buy one computer set for a piso2x internet and have it placed at my friend’s café. Budget is P18,000 or P19,000 to buy a new i3 computer, 1TB of HDD, 4G of RAM, 18” monitor inclusive of other materials for piso2x net.  Sooner or later, I’ll buy a second unit and soon once I have a good budget to purchase another set of computers.

By July 2014, I’ll expand my training services to Manila, Dumaguete and Davao.  With that in mind, it requires a lot of time management, dedication and motivation to keep me going.

Skills Required:  
- Effective Communication
- Event Planning
- Professional Networking

Tools Used:
- Internet for Online Marketing

3) Sales Team
I’m molding a “Sales Team”.  I’ll update you once I have good story to tell about item #3.  

4) Food Business
I will save this section for 2015.  I’m waiting when that spot near Ayala Business Cebu will be vacated.  Potential gross income per day is P30,000

5) Software As Service (SaS)
I believe this is 90% done with my business partner who is a programmer.  I’ll save this section and update it once we have paying clients.  Expected to launch to the market before end of August 2014.

While the greater majority aspires wealth, I believe that many would want to know the secrets towards a financially stable life.  Your story is yet to be written. Start now and prepare for your future.

Free Financial Seminars in Cebu and Makati
Tuesday
Financial Management Talk | Registration Starts at : 6:45PM , Seminar Starts at: 7PM to 8PM

Thursday
Financial Management Talk | Registration Starts at : 6:45PM, Seminar Starts at: 7PM to 8PM

Friday
Fundamentals of Saving & Investing (Introduction to Mutual Fund and Stock Market Investing) | Registration Starts at: 6:45PM, Seminar Starts at: 7PM to 8PM

Saturday
Financial Management Talk | Registration Starts at: 2:00PM, Seminar Starts at: 2:30PM to 3:30PM

Nang Magising si Juan TV Show

Airing on GMA News TV, Sunday starting 8:00AM, May 18 is a TV show to help our common people have a better understanding about their finances and other money matters.

SYNOPSIS

Produced by Colayco Foundation for Education, Inc. in cooperation with Red Ants Media. Supported by KsKCoop, Landbank of the Philippines, Chooks To Go, AurumOne Makati, and many more.

“Nang Magising Si Juan” is not your ordinary financial literacy program. This comedy-reality show is set to educate, relate, entertain and inspire by tackling common money issues every Filipino can relate to. This show not only teaches practical and doable financial management, but also promotes positive values and corrects wrong mindsets in and beyond the topic of money.

The driving point of the whole show is this: Beyond the how-to, it’s the essence, the core principles and the right attitude applied that can truly make a difference.

To further emphasize the importance of practical application of principles, this show features a social experiment on the show’s main character. The goal is to enlighten him and improve his financial situation. As a relatable character, the show aims to inspire the audience and send them the message, “Kung kaya niya, kakayanin niyo rin.”

“Nang Magising si Juan” is named as such because it directly reflects the perceptions, attitudes and habits of Filipinos and tries to serve as a wake-up call. On the other side of the coin, this show also reinforces the value of getting up and actually doing something to achieve one’s personal goals and dreams.

The main character is Ariel Villasanta, a real-life comedian who got his share of the limelight and extravagant living but is now struggling with debt. Refusing to come to terms with reality, he projects a flamboyant image and lives in a big house, but with no electricity. (To which he puts a signage on his gate for all his neighbors to see: “Support Earth Hour Every day!”)

His anxiety about his finances urges him to talk to the financial guru in the show he writes in, “Feeling Close with FJC”. This show-within-a-show is a parody of a typical business & finance show: stiff sofas, big potted plants, tacky background design and lounge music playing. This will be used as a platform to deliver the financial principles and techniques that Ariel will process throughout the show. The show’s star, real-life award-winning financial guru Mr. Colayco, a wise but brutally frank man, corrects Ariel’s wrong perspectives and pushes him to change with challenging questions.

Along with other characters (played by non-actors), Ariel encounters different financial issues that plague the common Pinoy. Mr. Colayco gives practical advice and techniques in layman’s terms. Ariel puts some of it to practice, some he willfully ignores to do his own “diskarte”(not without amusing consequences of course).

In his journey to financial literacy and freedom, Ariel discovers that there’s more to managing wealth than just accumulating money and becoming rich. He also learns the values of self-discipline, hard work and even self-worth and generosity that improve his quality of life in a way more than money can.