Difficulties are opportunities!

Don't give up in your difficult situation!

Fight inflation!

Learn the effects and how to fight it!

The types of Mutual fund

know the types of mutual fund you should invest in.

How to open a Mutual fund account?

Find out how simple it can be!

What should come first?

Find out why financial education is a must before investing.

The Kerygma Conference 2013

Invest in learning and BE EMPOWERED!

Tuesday, November 26, 2013

Choose to become rich!

A lot of people wants to get rich, yes but for what purpose? What is your real purpose that you want to get rich? Is it for your family? For comfort? To get all the things you want?

We may have a lot of reasons to become rich but here is my 1 of my reason why I want to get rich. Recently, 2 big calamities hit us (Philippines) particularly in the Visayas. I have seen on the news that a lot of people suffering, no food, nothing to eat nor drink, they are very desperate to get help.

I truly, truly want to help in a very big way, sure we have donated as much as we can in our own way but in me, there is a voice saying "do more!".

"Only if I am super duper rich!" I said to myself. As much as I want to do a lot for the victims, specially in Tacloban, I am only able to do so little.

What triggered this as 1 of my goal? One day, I was shopping for flash light, unfortunately I could not find any but what I saw in the hardware store was people buying generators.

"Why are they buying so much generator?" I asked the sales clerk.

"They are going to Tacloban, they are going to do a rescue operation" Said the sales clerk.

Right there, I realized that if I had so much money, I could do the same. I could lend a hand personally to those people in need.

On the other hand, I am so happy that the world lent out their hand in helping the victims of Yolanda.

My point is, we should get rich not because it is for us, but for the many who needs help. Getting rich is not easy, if it was, then everyone is rich!

If you have chosen to become rich, then I am with you. It's a difficult road but at least we are not alone. :)

God bless you!

Monday, November 11, 2013

Difficulties are opportunities!

One day, there was a man named Juan, Juan lived in a small village as a water carrier.

Everyday, he would go to the river with his 2 wooden buckets and deliver it to his customers. He has been doing this for years but one day, as he was carrying water to the village, he noticed that his buckets were dripping water slowly to the ground.

The buckets were already old and worn out. Juan inspected the buckets and found out that it had a hole on it. Every time Juan would get water, it would be already half a bucket when he reaches the village.

This would mean that if Juan needs a bucket full for his customer, he would need to go back to the river twice! Juan was already getting tired and frustrated.

"This is useless, I don't have enough money to buy a new bucket. I am so tired.." Juan said.

Regardless, Juan still did his job as this was his way to earn money.

As months went by, Juan was already so tired and wants to give up. As he was getting his final bucket of water he noticed something on the road where he usually passes. 

On the sides of the road where his buckets were dripping water, beautiful flowers grew. He was so surprised that his holed bucket was actually watering beautiful plants! Because of that, Juan was able to start a new business, he now sells beautiful flowers in the village and is adding up to his income!

Why did I tell you this story? Friends, in life, it's not always easy, there are times that we want to give up on our difficult situation. We may have mountain of debts, a broken family, a broken heart, an illness.

Let me tell you this: In our difficulty, there is always an opportunity that would grow! All we need to do is endure it and wait for God as He sees everything. There is always a purpose for our difficulties.

I write this as well for the families that were affected by typhoon Yolanda (Haiyan), I pray for you that you will prosper more a midst the damage done, I pray that your grief will be replaced with the joy of the Lord, I pray that you will become a stronger person, In Jesus name. Amen!

God bless you always! 

Picture is not mine. All credit goes to kenglyehttp://www.deviantart.com/art/simple-life-28842394

Monday, November 4, 2013

Is inflation eating up your money?

Inflation, it’s a word we hear from news, tv and banks but what really is inflation? According to the Merriam-Webster dictionary, inflation is a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services.

Too complicated? Yeah! Let me simplify it as much as I can, inflation is when prices goes up and our salary does not! (hehe) Kidding aside, Inflation is the increasing of prices for the goods that we buy from food, appliances, or even services.

The last time I remembered, the Jeepney fare was still 1 Peso per person, now its 8 Pesos per person. When you go to the grocery before and just have 500 Pesos with you, you can feed your family for a week! Now, 500 is just for your midnight snack. The taxi before, it was 16 Pesos plug down and 1 peso add-on, now it’s 40 Pesos plug down and 3.50 Pesos add-on.

How prices have changed! This is the effect of inflation, it lowers our buying power. So how does this affect our savings? By so much! Imagine you are saving in somewhere which only give you 1% interest a year and our inflation rate per year on average is about 3% to 4%.

It goes like this:

100,000 savings
x      1% Interest
x      20% Witholding tax (let’s not forget this!)

(1000 - 200 = 800 total interest)

So, 100 000 + 800 = 100 800. This is how much money you will get after 1% interest, now let me put in inflation.

100 800
x        4%   (for example sake, let’s use 4%)

So, 100 800 - 4032 (as inflation) = 96768 Pesos

What does this mean? It means that the value of your 100 800 is not actually 100 800, it’s 96768, why? That is because of inflation, it devalues your money! How to beat inflation? Simple, Invest in the the mutual fund. Mutual funds, when the market is good may go up to 12% in interest. And the mutual funds does not have any tax!

Here's how it goes:

100,000 savings
x     12% Interest

So, 100 000 + 12000 = 112 000

112 000
x       4%   Inflation

So, 112 000 - 4480 (as inflation) = 107 520 Pesos

This actually beats inflation! Your 100 000 is still growing and the value is still more than 100 000!

This my friend, is a way to beat inflation and you are sure to have the value for your money! Save and invest now!

God bless you!

Picture is not mine, all credit goes to pokemonstevenstone found at http://pokemonstevenstone.deviantart.com/art/money-86937002.

Monday, October 28, 2013

The Types of Mutual Fund Investments

Not many people know that there are types of Mutual fund, I will just name 3 just to simplify things. So here are the 3 types:

1. Equity fund
2. Bond fund
3. Balanced fund

What is an equity fund?

Equity funds are the high risk stocks, these are the stocks with so many movements, really up and down in the charts. Please note that these stocks are also the good type (high grade), for example, we have Ayala here, SM, BDO, BPI etc., these are the big companies.

Of course, with high risk, you can get high returns and since it’s called high risk, you may also lose big here. (But with proper financial education, there is nothing to be worried)

This is the fund type that would make money for you, returns from this fund may be somewhere at 12% or even higher a year! (Depends on the markets)

So if you plan to make money, choose this fund, this is ideally for people who still have the capacity to work or make money.

What is a Bond fund?

Bond funds, from the word bond (in finance) means to lend something financially, so when you invest in bond funds, you are actually lending your money and since you are lending your money, you will earn interest.

Interest in the bond funds, unlike the equity, are very conservative. Interest per year in the bond funds may reach somewhere around 5% more or less. (I’ve seen it grown up to 10% though)

Bonds are mostly from government securities and corporate securities.

It so conservative that it rarely goes negative in returns. Back in 2008 when the global financial crisis erupted, the bonds in the Philippines had a return of 2%. Yes! Positive 2%, so if you have invested in the bonds back in 2008, you still earn money.

Bonds are ideal for our retiring friends, why? Because in the bonds, it rarely goes down, so you can be confident that money still grows even if you have retired.

What is a Balanced fund?

Balanced funds are just combined Equity and Bond fund, so the earnings here are not as much as the equity and the losses are not much as the equity as well. These are ideally for people who are not willing to take so much risk in investments.

In our practice though, we do not go for balanced funds, we balance them ourselves by having 1 equity account and 1 bond account. The reason for this, in worst case scenarios, if my equity losses, my bonds does not, so I still have money. In balanced funds, normally if the equity goes into negative, the balance funds does as well.

So in summary:

Equity funds - will make more money for you because of its high risk profile. The higher the risk, the higher the return.

Bond funds - this will keep your investment afloat but is conservative.

So which is best? Everything, it all depends on your risk intake and purpose.

Have a blessed journey!

God bless!

Picture is not mine, it belongs to recycledwax from http://www.deviantart.com/art/Money-Tree-141825169

Tuesday, October 22, 2013

How to open a Mutual Fund account?

A lot of my friends ask me how could they invest in the Mutual Fund. How do we put our money in the Mutual Fund?

Quite frankly, I had these questions too! I was so excited but I thought that "Hey, with all these stocks and what not, I m pretty sure that investing is going to be difficult." WRONG!

Mutual fund investing is as simple as ABC. Here are some steps to help you open a mutual fund account:

1. Just like opening any savings account in the bank, you fill up forms and show some identification plus the cash. It is the same with opening a mutual fund account. All you need to do is fill up so forms, show some identification and VOILA, you're good to go!

2. Just like opening any savings account as well, there is an initial deposit. When you open a mutual fund account, all you need is 5000 Pesos and with that, you're off buying your first few shares! Please note that most mutual fund companies offer 5000 Pesos as initial investment.

3. When adding additional investments, the minimum amount is 1000 Pesos. All you need to do is fill up some forms still. :)

Since the mutual fund takes away the stress from the investor by letting experts manage it, there is a little, teeny weeny fee every time you invest in a form of percentage. It often ranges from 2% - 3.5%. Consider it as a fee for your funds being managed by experts.

Well, there you go. Simple and easy, isn't it? So are you ready to invest in the mutual funds?

God bless you!

Have a successful journey!

Picture is not mine, it belongs to EndlessSecrets from http://www.deviantart.com/art/Questions-268221719

Wednesday, October 16, 2013

How to prepare financially for an earthquake!

Yikes! On October 15, 2013, a huge earthquake rocked Bohol with a magnitude of 7.2. In connection, Cebu was hit with a 7.0 magnitude quake! What a ride!

Buildings destroyed and some lives taken.... It was truly a tragic and fearful day but we kept our faith up. We know that this too shall pass! Praise be to God!

Just to show you some of the damages that we got, here are some pics from rappler.com:

 Photo by: Robert Michael Poole
 Photo by: Robert Michael Poole
 Photo by: Robert Michael Poole
 Photo by: Jose Farrugia
Photo by: Cebu Provincial Government FB page

So how to prepare financially? Here are 2 steps:

1. Always have an emergency fund! You can never go wrong if you have an emergency fund, do not put all your emergency fund in the bank or in the bonds, always have some cash with you at home.

2. Prepare your health care card. A quake as strong as this may cause some injuries, if so, get to the nearest hospital and have your health card with you! With a health card, you need not worry about hospital bills.

2 simple steps yet should be very effective. I pray for a quick recovery to Cebu and Bohol.

God bless you, God bless Cebu and God bless Bohol!

Wednesday, October 9, 2013

True Story | Your current situation has a great purpose!

Back in 2006, I was 4th year high school, was about to graduate from high school. It was going to be another highlight of my student life, I was going to college!

When I was 4th year high school, I was really a fat person, I weighed around 210 lbs., my waist line was around 45 inches. When ever I go to malls to shop for shirts or pants, I always have to go to the "American Size" section because non of the local shirt or pants would fit me.

For my shirt, it always has to be XL the minimum and most of the times I often buy XXL or XXXL! My pants, always around 45. That was me when I was 4th year high school and I did not like my body shape at that time, I truly hated how my body was and always wanted to get rid of it!

The thing is, I was too lazy to exercise and go on a diet, I loved eating! Amazingly, the body that I always hated protected my life.

September of 2006, It was a Sunday, went out with my classmates and went to an Internet cafe and played DOTA. We were having so much fun. I normally place my phone in front of me and suddenly, someone grabbed my phone and walked out!

I thought it was my friends playing a trick on me but realizing that they were not, I went out and chased this snatcher and tried to get my phone back.

I ran to him, somehow "wrestled"with him and to my shock, he pulled out an ice pick and stabbed me on my chest nearing the armpit. (When we sing our national anthem, you put your hands over your chest, on your fingertips, that is the area where I was stabbed but only on the right chest.)

Long story short, I was rushed to the hospital, got treated and got an x-ray. Miraculously, none of my muscles got hit, no internal damages and not any human meat got hit, why? My fats protected it. It was only the fat that got hit! Nothing else.

The thing that I wanted to be gone had a purpose and served it. God meant that I become lazy at that time, God meant that I do not go on to a diet because He knew that this would happen. God still protected me through my body, through the fat.

After recovery, I finally went to a diet and exercised. I weigh 160 lbs now. (Still needing to lose more) 

Friends, you may not understand what you are going through now, you may hate your situation. You may be broken hearted, you may be in a financial difficulty, drowning in debt, having family problems, jobless or you are trying to change yourself physically.

Let me tell you this, everything that is happening now has a purpose, my fat body protected my life, your problems are not different. Your problems now will make you stronger and after having served its purpose, your happy days will come!

Have a blessed journey!

God bless!

Picture is not mine, it belongs to DeeZeL86 on http://www.deviantart.com/art/Purpose-95765850.

Saturday, October 5, 2013

Your words are powerful!

Did you know that our words truly have powers? I am not talking about powers that we see on TV like power to fly, power of fire etc. The power of our words could either create or break us.

We should be careful in our words because our words are like weapons if used badly, on the other hand, our words could be like water that showers the plant to grow.

In  Proverbs 16:24, it says "Gracious words are like a honeycomb, sweetness to the soul and health to the body."

Our words can add sweetness to the soul and health to the body. When was the last time you praised someone? When was the last time you tapped someone at the back and say "Good job!"? I encourage you, compliments someone today, you may not know but your words may actually bring wellness to the person.

On the other hand, our words could be very dangerous.

Proverbs 12:18 says "There is one whose rash words are like sword thrusts, but the tongue of the wise brings healing."

When was the last time you got angry? When was the last time you were not able to control yourself? I know it's difficult to contain ourselves but when anger does come, I have fallen to this many times and still counting but here is what I do if I turn angry, I count up to 10 then I speak again, if I am still angry after 10, count to another 10 until the anger subsides.

When we are angry, there are words that would come out our mouth that may hurt others. As Proverbs 15:1 says "A soft answer turns away wrath, but a harsh word stirs up anger."

Friends, let us use our words to help others, not to put them down. Hey, I know it's difficult but practice makes it perfect!

God bless you!

Have a wonderful journey!

Picture is not mine, it is from http://www.flickr.com/photos/feuilllu/739173692/.

Friday, September 27, 2013

The Boss and The Leader

In our world today, there are 2 people that may lead our life, that would be the boss and the other, the leader. What exactly is the difference between both?

I have done some little research (thanks to Google) and this is what I found out. (http://www.differencebetween.info/difference-between-leader-and-boss)
Inspires employees
Drives employees
Depends on respect and honor
Depends on authority
Cares for your well-being
Cares for your productivity level
Says ‘We’
Says ‘I’
Inspires enthusiasm
Inspires fear
Gives credit
Takes credit
Says ‘Let’s go’
Says ‘Go’
Knows how it is done
Shows how it is done

There are other articles that says the same thing but on my personal note, a leader/boss should know how to TRUST his/her people. This is where the big difference is, TRUST, I have learned that the more you trust, the more you get trusted back. You show them respect, they give you back respect.

This is after all the Golden rule. 

Matthew 7:12 “So whatever you wish that others would do to you, do also to them, for this is the Law and the Prophets."

Hey, if I follow the Bible, how could I go wrong? Pretty simple, how you treat others, the same you will be treated. It is our choice!

Before I end, on 2nd note, 1 important thing that a leader or a boss should not forget, RELATIONSHIPS! I have learned so much about this, having a good relationship with anyone can make you reach heights that you or your team have never reached before.

It is in relationships that could make or break anyone! How do you see yourself? Are you a boss or are you a leader? Me? I want to become a good leader and that journey begins!

"God is more interested in your future and your relationships than you are."
-Billy Graham 

God bless you!

Monday, September 23, 2013

Some of the reasons why it's fun with the Mutual Funds

 Picture says it all! Please take note that this is how the Mutual Funds in the Philippines is specially in the TAX FREE area! :)

*Depends on market performance

Time is gold!

Have a successful journey!

God bless you!

Monday, September 16, 2013

Why invest in the mutual fund?

Investing differs in style, there are people who wants to invest directly in the stock market and by all means, please go ahead, it is also a good way to grow and build wealth!

I want to share my investing style (and mostly of my friends). My investing style is through the mutual fund, let me give you some advantages of the mutual fund and how it works.

See this picture above? Let me explain it a little. Year 1 to 36 shows how long we invest the money. Traditionally, most financial institutions give at least 4% a year in return while the mutual funds, at least 12% a year in return. (Depends on market movements)

Now you have 100, 000, if you invest it on 4% a year, after 36 years, it will grow to 400,000! On the other hand, if your 100, 000 goes to the Mutual Funds earning at least 12% a year, after 36 years, it becomes 6.4 million!

Okay, so there are 2 ways to earn the 6M. First, you can work for it, so if you earn 300, 000 a year, you have to save that for 20 years! That would mean no eating, no taking a bath, no fare, nothing!

The other way to earn the 6 million is either to invest 100k at 12% or invest 1, 000 per month at 12 % and after 36 years, you still get 6 million. This my friends is the power of compounding interest. How would you like to earn the 6 million?

Friends, this is how some of our financial institution works, they take your money as your savings, they give you 1% - 4% a year but they invest your money to somewhere higher. You get 400, 000 and they get 6 million!

Start investing and earning smartly now! How? Invest in somewhere higher, I invite you to invest in the mutual funds, you can start investing with 5000 Pesos and with that, you journey to reaching your financial goals begin!

Have a successful journey!

God bless you!

Monday, September 9, 2013

The Kerygma Conference 2013: BE EMPOWERED

I just had an amazing press conference with Bro. Bo and the Kerygma preachers today! Such an amazing event!

The Kerygma Conference have been in Cebu for 4 years now! The Kerygma Conference 2013 will mark its 5th year in Cebu!

This years theme is BE EMPOWERED! Why BE EMPOWERED? 

Because there are a lot of people who feels helpless, people who feels that they cannot do anything with their lives, people who think that they are trapped, nowhere to go!

For example, there are people who thinks that they cannot move from the job they have now, there are people with broken relationships and they feel that they cannot move on!

There are people who thinks that they will be poor forever and that nothing will happen in their lives! There are people who thinks that they cannot do anything anymore with their situation!

This conference, BE EMPOWERED will teach us that we have the power, we have the power to change our situation, we have the power to move on, we have the power to change our lives! We have the power through God because God is powerful and God is there to help us and be EMPOWERED!

The Kerygma Conference will be on DECEMBER 7 and 8 and will he held at USJR Basak Campus. Tickets are now available and you can grab them at the Feast at SM, Feast CBP at City Sports and Feast Bogo. ( I will be announcing more ticket outlets if any more.) Or call  520 1071 and look for Sis. Hazel.

Ticket are at: (From front to back seating and top respectively)


  • PEARL W/ MEAL        -     1500
  • CANARY W/ MEAL     -     1000
  • SAPPHIRE                   -     500
  • RUBY                           -     300

DAY 2 (YOUTH CONFERENCE, HEALING MASS will be at the morning)

  • PEARL                         -     500
  • CANARY                      -     400
  • SAPPHIRE                   -     300
  • RUBY                           -     200

What to expect? There will be 5 speakers on the first day! They are: Bro. Bo Sanchez, Bro. Carl Fontanilla, Bro. Arun Gogna, Bro. Alvin Barcelona and Bro. Buddy Tan!

On the second day, we have 3 powerful speakers: Bro. Obet Cabrillas, Bro. Stephen Nellas and Bro. Migs Ramirez! Healing mass in the morning will be done by Fr. Joey Faller!

Expect beautiful music, healing, grace, miracles and blessings to flow in your life with the Kerygma Conference 2013! I will see you there!



Monday, September 2, 2013

Build an Emergency Fund!

An emergency fund is a fund that can be used for small emergencies. Medicines, something that you need for replacing, or even in joblessness.

The emergency fund will help you KEEP OUT OF DEBT and will PROTECT YOUR INVESTMENT.

One time I was jobless, I was jobless for 7 months! I did not have any cash flow, all that was left was my emergency fund.

While I was searching for a job, I had to spend on jeepney fares, snacks, meals and some little needs. That was all I had!

What was amazing is that my emergency fund lasted for 7 months and fortunately, on the 7th month I got a job, so it was time for me to build the emergency fund again.

What did I do with my emergency fund? I had to pay jeepney fares looking for a job. When I was hungry I would by bread, about a piece or 2. If I had free time, I would go to The Feast (Catholic Community), I pay my fare for that and even use my emergency fund to tithe!

On that time too, my PC monitor broke! I was thinking if I should replace it or not since I did not have a job but I realized that it was a need. I was job searching online so I had to buy a 16 inch monitor which cost me around 3000 PHP and that was from my emergency fund.

For 7 months, I was praying that I would not spend something big and so It was granted. For 7 months, I spending just for my fare, snacks, meals and all the petty expenses.

That is the emergency fund. Only use this fund if it is truly an emergency, not just because a party is coming up and your are short of funds then the emergency fund would be used. That is wrong.

Last December 2012, I had chicken pox, I was already employed back then but if I would be absent for 2 weeks, that would mean no pay! True, I did not have any pay. So how did I move on? With my emergency fund!

My medicine for chicken pox was from may emergency fund. If I did not have any emergency fund, I could have withdrawn my investments, in result, I stop its growth.

Worst, I could have owed money, interest after interest and I would not be sure if I could pay it off.

This is how important an emergency fund is and when building your financial foundation, do not forget the emergency fund. How much emergency fund is needed? That would be 3 or 6 months worth of your pay.

If you receive 20k a month, then your emergency fund should be 60k to 180k. Emergency funds only cover for small emergencies. If there is a medical emergency which involves major operations, then healthcare kicks in.

Fire, flood, car breaks down - these should be covered by fire insurance and car insurance, not the emergency fund.

Build your emergency fund right!

Happy investing!


Picture is not mine. Picture is from http://modernsurvivalonline.com/wp-content/uploads/2011/10/emergency-fund-300x300.jpg

Tuesday, August 27, 2013

Get rid of your debt!

Debt is one of the biggest termites in our financial foundation! But before we go deeper into that, debt is neutral, it is not all bad. There are 2 types of debt, simply a bad debt and a good debt.

Good debt is a type of debt when it will be used for business and in return, profit! You gain more money because you borrowed money to do business.

A bad debt is completely the opposite, you borrow money, use it for something that will not earn you money and in return, you are unable to pay it because you do not have enough money to pay for it.

This is what we should get rid of, bad debt! Now we can talk about a lot of types of debt but I want to focus on credit card debt.

Credit card debt in the Philippines can turn into a nightmare! Compared to the US and Canada, interest on credit cards may go as high as 19% a year, In the Philippines, it may go as high as 42% a year!

Many drown in debt here in the Philippines and when that happens, collection agents starts calling and harasses the debtor, these collection agencies go as far as sending you an "attorneys" letter and scarring you that you will get sued if you do not pay this and that and it goes on until the debt is paid.

Talk about inconvenience! I personally know someone who had so much debt, 6 digits, all from credit cards and if someone get this kind of problem, most of them would just give up but not this person, this person paid all the debt and right now, this person is out of debt and is in the green, this person have investments and it is growing! Right now, she is one of the speakers in Wealth Academy for debt management. How did she do it?

Number 1, one must be determined to pay off debt! Discipline is a must when paying off debt, cutting expenses and making extra sacrifices to make more money and pay off debt. This is the first step and most important step, with it, nothing would happen.

It is also recommended by financial experts to pay of your debt first before investing, the reason for this is because, usually, debt interest in higher than the growth of investments. It's a case of steady interest (debt) vs. fluctuating gains (investment).

If you have investments and bad debt and the same time, a good call would be to withdraw your investments and pay off the debt! That way you get rid of termites and build you financial foundation right!

Remember, control your debt or debt will control you!

Truly there are a lot of ways to get rid of debt, if you want to get more information about this, we have a dedicated series in Wealth Academy on how to get rid of debt!

On my next articles, I may divulge into detail on how to get rid of debt. Keep an eye for that.

You can get more details here about Wealth Academy:


If you are in Cebu, you can catch Wealth Academy in 2nd floor, JY Square, Lahug. Every Wednesday and Saturday, 6:30PM.

If you are in Manila, you can catch this at 3rd Floor King's Court 1 Building, Pasong Tamo cor Dela Rosa St. Makati. Every Wednesday and Saturday, 6:30PM.


Picture is not mine, it belongs to http://boilingfrog.ca/wp-content/uploads/2013/01/180.jpg.

Friday, August 23, 2013

The 2 types of Health Insurance

There are 2 types of health Insurance:

1. Short term health insurance
2. Long term health insurance

Short term health Insurance - This is the common insurance that we have when we are working, usually the company provides us this or you can buy 1 if you wish too. Short term health insurance usually covers only up to 60 years old, beyond that, no more more coverage.

The known short term health insurance are; Intellicare, Maxicare, Medicard and it does not stop there.

Long term health Insurance - Now this is the type of insurance that may cover more than 60 years old. Basically, long term health insurance is the ideal insurance for retirement. When the short term health Insurance cannot cover you because of age, this is where long term health insurance comes in.

A known long term health insurance here would be Kaiser. It's 4 way type of insurance, that mean it has 4 ways of protecting you with this product. I could not explain the specifications for this because it may cause confusion.

If you want further explanation, you may visit the IMG office.

So which type of insurance is best? Both of them! They both have different purposes. While we still can work, take advantage of the short term health care and once we retire, take the long term health care. Preparation is what we need.

You can get more details here about Wealth Academy:


If you are in Cebu, you can catch Wealth Academy in 2nd floor, JY Square, Lahug. Every Wednesday and Saturday, 6:30PM.

If you are in Manila, you can catch this at 3rd Floor King's Court 1 Building, Pasong Tamo cor Dela Rosa St. Makati. Every Wednesday and Saturday, 6:30PM.


Tuesday, August 20, 2013

Healthcare for your health needs!

Health care! I guess we only hear these terms much when we are in the office. "Are you sick? You better get yourself checked with your health care, it will be free!."

These are standard conversations in the office when we talk about getting our self checked by the doctor. Health Insurance, by the term itself is a type of insurance to protect your health! If life insurance is for INCOME REPLACEMENT, health insurance is for INCOME PROTECTION.

For example, person X gets sick, person X does not have health insurance, where would this person get the money? This person have 2 choices.

1. If this person have investments, then the money will be withdrawn from the investment, whether this is a business or in stocks. Withdrawing investments would always hinder it from growth.

2. Worst case scenario - borrow money. Aside from getting sick, the interest from the borrowed money grows everyday. So after getting well, we have another problem. Debt.

"What about if someone donates to person X?" That's good! Question is, will the donation be there all the time?

How do we prevent from number 1 and number 2 from happening? Get a HEALTH INSURANCE!

For a certain amount of money that we pay for this, we are protected at a bigger amount, for example:

A certain Health Insurance is priced at 30, 000 Pesos a year, in return we are protected 150, 000 a year per illness! That's a good value! Let's say person Z gets sick and person Z has health insurance, guess what, person Z do not have to borrow money nor withdraw any investments! The health insurance will cover it. In effect and in real life, this protects our income!

Now I am not saying that health insurances will cover all the sickness, there are Terms and Conditions that applies, to know more about these, you can ask any Insurance company about this. I am merely showing the purpose of a health insurance.

And here is an interesting thing about health insurance, you can only buy it if you do not need it, by the time you need it, it will not be for sale.

Meaning if sickness happens, no health care company would ever sell just to get the person covered. Only when you don't need it, this is available, meaning only if you are healthy.

On my next article, I will talk about the 2 types of Health Insurance, yes, there are 2 types! Please do keep posted or you can subscribe if you wish too. :)

Happy investing!

Picture is not mine, this is taken from http://www.distance-education.org/pics/userpics/Image/health_insurance.jpg.

Friday, August 16, 2013

Protect yourself with Insurance!

Insurance! I understand that when people hear this, they shy away and ignore this. It seems that many people are allergic to the word insurance. I would not blame you, there are factors why the word insurance in our country drove people away.

But let me tell you something, insurance is not something that we should ignore, insurance is truly important in our financial planning. No, I am not going to sell you any insurance so it is safe to read on. :)

I am going to talk about Life Insurance. Currently, we are offered different kind of life insurances generally these are Insurance with savings - sounds familiar? These are not bad, they are still there to protect you but if you are going to buy insurance, let us maximize the protection.

Firstly, what is the use of life insurance? Life insurance is for INCOME REPLACEMENT, meaning if the breadwinner goes to the other life, the family will be left with money and life still goes on for them.

There are 2 type of insurance:

1. Bundled Insurance
2. Term Insurance

Bundled Insurance - Simply this is an insurance bundled with savings/investment etc., so you are paying a part for Life insurance and a part for your savings/investment etc.

Term Insurance - is an insurance where you just pay the insurance value itself, nothing added, just the insurance itself.

What is the difference? The cost. The cheaper Insurance is the Term Insurance and just because it is cheap, it does not mean it will undercut you.

Let me give you an example, I purchased life insurance, I was 24 years old, for me to be covered 1 million pesos, I needed to pay at least 10, 000 Pesos a year with term insurance. If I purchased a bundled insurance, it would cost me twice, the price would be around at least 22, 000 Pesos a year!

I was also taught to buy term insurance and invest the difference, this is a strategy to maximize our money, our protection and our investments. You would be amazed by the results of buying term and investing the difference!

Once again, If I discuss it here, it will be like writing a book so I highly encourage you to join the IMG - Wealth Academy Program! Here you will learn all the financial strategies that you will need.

You can get more details here about Wealth Academy:


If you are in Cebu, you can catch Wealth Academy in 2nd floor, JY Square, Lahug. Every Wednesday and Saturday, 6:30PM.

If you are in Manila, you can catch this at 3rd Floor King's Court 1 Building, Pasong Tamo cor Dela Rosa St. Makati. Every Wednesday and Saturday, 6:30PM.


Picture is not mine, all credit goes to Sephiroth-Art from http://sephiroth-art.deviantart.com/art/Knight-275211602.