Are U a Spender or an investor?

[vanillaboi]

I'm one heck of a spender. I wanna be an investor though.

[lorenzoleo]

dakoa ana bro....3M man.... katong naay dako nga Investment.... happy gyud kaau.... in just 3-4 months ni profit gyud ug 250k plus.. ka nice ba.... wa pai labot sa kato pagpalit nga ni down ang navps.... so nice... hinay2x lang sa ta para makaabot ug first "M" nato.... anyways saver/investor naman ta... congrats bro enzo...

kanang 250K nga profit, annual income nana ug usa ka engineer nga ni trabaho ug dako nga compnay. Hekhekhek!

[lorenzoleo]

Published at: Tuesday, June 7, 2011 on Philippine Daily Inquirer

Question: Why are the citizens of our Asian neighbors much richer than us Filipinos?—Name withheld by request

Answer: This is a question that ‘hits the spot,’ as the saying goes.



I just read an article stating that Singapore has the highest concentration of millionaires in the world with 16 percent of its households having at least $1 million in assets, as determined by a study released by the Boston Consulting Group.


Switzerland comes next on the list with 9.9 percent of its households having $1 million in assets. Hong Kong comes in at fourth with 8.7 percent and the United States is at 7th with 4.5 percent.


Don’t even ask where the Philippines ranks as I can’t seem to find it in the news feeds… ouch!


I was in Singapore last weekend on a business trip and whenever I am there, I marvel at how progressive a tiny country with hardly any natural resource can be. I enjoy going to Singapore because it gives me an image of how the Philippines can be when we put our acts together.


We don’t need to limit our sights to Singapore; we can also look at Thailand, Hong Kong, Malaysia and Indonesia and use them as a benchmark.

The answer to the question of why our neighbors are drastically richer than us partly lies with issues on economics.


I can cite many economic facts like low GDP, infrastructure, population and fiscal policy to explain why we have remained poor. However, economic facts are merely indications of some realities that go beyond economic matters and are more social in nature.


One report we can look at is the national savings rate of said countries. Singapore leads the pack with an average savings rate of 50 percent.

This means that on the average, Singaporeans spend half of their income and save and invest the other half; which is probably a huge reason why there are so many millionaires there.


In personal finance, we espouse a 70-30 rule in terms of spending and saving; if you spend 70 percent of your income and you save and invest the remaining 30 percent, you will most likely have a good future.


Facts will show that the savings rate in Hong Kong, Indonesia, Malaysia and Thailand hovers between 30 and 40 percent, really encouraging statistics.

According to the 70-30 rule on spending and savings, said countries will likely have a good future—well at least in theory. A quick visit to these countries will validate their economic conditions in a visual and experiential manner, even if you don’t ogle at boring statistics.


How about the Philippines? This is actually the hard part to write.


Neda reports place the savings rate in the Philippines at between 12 and 16 percent. Following the 70-30 rule on spending and savings, there’s not much promise for our nation. It is unfortunate that many Filipinos have embraced a First World consumerism lifestyle but have a Third World income. We simply do not save enough.


Does this mean we are hopeless? Definitely not. All we need to work on is our savings rate and we can best do so with financial education. We must embrace principles of proper budgeting, controlled spending, financial planning and we can start improving our surplus that will guarantee a better future for all of us.

In time and with the proper stimulus, the nation’s savings rate will improve as our income improves and our spending becomes wiser. It may be too simplistic but I firmly believe that is the answer to our many problems.


Otherwise, we will keep on asking the question why our neighbors are richer than us.

Tinood gyud ni nga article.... kasagaran gyud nato mga pinoy mga spender... dali kaau ma engaño ug palit mga butang nga dili kaau kinahanglan.... like latest Cellphones, flat screen tv maski ok pa kaau ang daan, etc.. permi laag, party ngadto, kung fiesta hala bungga kaau, nya himan2x inutang diay to.. tinood nga kuwang gyud ang sweldo nato e compare sa ubang countries plus inflation pa gyud, pero dili ta magpadala ani.. pero let's look back, what have u done, nganong nisamot kakuwang ang imong sweldo.?
I already knew why Singaporeans, and our other neigboring countries have so many millionaires... they live below theire means.. they alot almost half of their income para investments.. many singaporeans invest in stock market.. they're very educated about it. to those who are afraid of stock market trading then go to mutual funds so that a fund manager will manage the funds pooled. all u have to do is check the navps, and do cost averaging... Naa sad koy na encounter sa internet cafe, ang tag iya chinese. reklamo ang trabahante nga pinoy, " Tihika gyud ani akong amo, d gyud mopalit ug tarung nga silhig, ang bangko gubaon na salig rag mopalit ug bag-o, trapo nga bag- o and etc.. akong gitan aw ok paman ang silhig, ang bangko, ayuhonon ra, ang trapo laba ray kuwang. Maybe 6 months ago mo side ko sa pinoy, but now since na educate na ko, sayup ang pinoy.. why buy new things if magamit pa, maayo pa, etc.? d ba? Lahi ra gyud kaau... mao nang daghang d moasinso nato...
Mag usab nata ninyo... be financially educated...

These means a good business bro, kay daghan jud walay savings. Dako jud kaayo ang market. Kung grabe ang demand, so mao ni ang nindot nga business. Hehehe! be into Financial Distribution business, help people save and invest the right way. Instead of encouraging people to spend, let us encourage people to save. In the Financial Industry, this is a business of not spending, but a business of helping people growing their money. T_T!

- Most Filipinoes are under insured(High demand for Life Insurance, especially Term Insurance)
- Most FIlipinoes get sick easily (High demand for HMO's Health care plans)
- Most Filipinoes don't have money after they retire (High demand for Investment like Mutual Funds and stocks)

The market is so huge, if you can just distribute these to every Filipinoes then you can also become successful. Helping people save and invest the right way. This is a business of not spending money, but a business of saving and growing money. Letting money work for you.
So what are you waiting for? PM me for interested people.

With good product providers and a well organized distribution-system, then it is a good business. People work with you and money working for you.

Then grabe ang demand for FINANCIAL ADVISERS for the next 50 years, in the Philippines setting. Hehehe! dako kaayo ang future ako nakita ani nga business, with IMG business model, the market can be conquered.

[quantuminplus]

sakto ka bro.... daghan pa gyud ang dapat e educate about financial literacy...

[quantuminplus]

8 Habits of Millionaires
Money Mindset

In order to develop a Millionaire Mind, it helps to understand the habits of millionaires and simply mimic those behaviors. So let’s take a look at the characteristics and habits that are common among self-made millionaires. What are the fundamental rules that have made most millionaires their hard-earned money? And how do you develop these habits of millionaires in order to become one yourself:

1. Earn to Invest, Not Earn to Spend: Sadly most people work hard in order to pay off their credit cards and support their lifestyles. The wealthy class understand that their money is better off being put to work in order to make more money and increase their net worth.
2. Have a Plan and Work the Plan: Self-made millionaire don’t normally become wealthy on accident. They are driven to become rich and formulate a plan to get them there over a lifetime of investing and accumulating wealth.
3. Make More Money: Sounds obvious, but wealthy people are constantly seeking ways to produce additional income streams in order to put more money to work for them.
4. Understand Their Finances: The wealthy class are aware of their personal income statements, and know how much cash flow they have coming in and how much is going out.
5. Risk Takers: Measured risk is a must in order to increase your net worth. Without taking some chances, your money never has an opportunity to grow. Risk is never taken without an exit strategy and insurance to protect the downside.
6. Patience: Self-made millionaires did not become that way overnight. They understand the power of compound interest, and that consistent investment effort will be rewarded.
7. Great Team: Wealthy people who stay wealthy surround themselves with financial and legal advisors that are the best in their class. They don’t go at it alone.
8. Involved: While self-made millionaires seek advice of their trusted advisers, they listen intently, do their homework and ultimately make the decisions. They are actively involved in creating their own wealth.
To learn how to become a millionaire and reprogram yourself to automatically become rich, go download a copy of The Millionaire Mindset.

Millionaire Money Habit: Becoming a millionaire does not often happen by accident. Becoming a millionaire, it requires planning, consistent effort and patience. Follow the fundamental rules, continue to increase your ability to understand how wealth is created, and it will be virtually impossible to not become a millionaire.


hope u like it mga istoryans....

[quantuminplus]

FAMI = 3.8291 as of today Aug 23,2011

[quantuminplus]

abi man nako ug monaog pa..... nice FAMI..... pono pa.....gud to invest now

[istoryamember]

going up ang FAMI. Nahabilin sa ubos ang uban or wala pay update?

[quantuminplus]

na update man ang uban bro..... ako na check ganiha.....FAMI ramay nisaka..... bilib ko sa FAMI...

[Metz]

Mao FAMI jud ako irecommend..