Advice from Financial Adviser's

[lorenzoleo]

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Bro ask lang , what do u mean by parehas na unta ta ron, why Milyonaryo na bah kah?

Sorry to say but I am a bit skeptic on investing on liquid investments kay I knew some friends of mine who engaged themselves into this kind of stuff but they end up losing ther money in the end kay they are not that well educated on this plus lack of time pah to monitor.

Dili pako Millionaire but you can view my current MF investments.
MF lang ni, wala pay labot deposits ug ubang insurances nako.



I invested alot during the Global Crises 2008-2009, because it is the time that everyone is afraid to lose money.
I do it on monthly basis, after the crises because we can't predict market conditions. How to know your current market Value? Just Multiply the current NAVPS by the total shares you have accumulated. Compared your current maket value with the total money you have contributed. Hehehe! just redeem some of my shares last week, Hehehe! at least ako pud ni i enjoy ug ipa toyok2x na pud sa laing baskets. What I have did 3 years ago, seems risky, I have also a fight with my father who works at the bank during that times, but if you don't know what you do, you are gambling. But if you are cetain on what you do, you will lessen your risk. I always believe light always comes at the end of the tunnel.

You can't understand what I am talking about unless you will understand this NY Times Advertisement <-- This man help me to open up my mind to risk!!!

It depends on your risk appetite, but for me, good to risk while still young.
Reality Check : 95% who wants "guaranteed" are working for the 5% who take risk. T_T! Me, I'm part of the 95%, but I'm doing something different to also taste the feeling of the 5% who risk.

[Dorjan]

siguro first dapat maka hawa siya anang 5'6 jud, utang sah siya sa relatives or sa bangko... mortgage siya properties if kailangan jud.. og maayu zd siguro mag BPI ka-negosyo franchising loan na siya.. mangita siya og nindot na franchise didto... invest on assets.. dapat jud siguro mg utang para maka solve sa bati na utang.. then maayo mn zd ayu siya mo save... ma double siguro na niya iya savings ky mas naa siya reason ron na mag tinihik... og mas better ang pay nman kaha sa iyaha work ron... plus the profits sa franchise business if iya e put up... ka save gni siya 300k b4... increase inflow of money and decrease the outflow.. so, maybe 2013, ma ok ra na.. and of course prayers zd jud.. eheh.

Take risks: if you win, you will be happy; if you lose, you will be wise.

take risks, be positive. just my two cents.

[miramax]

siguro first dapat maka hawa siya anang 5'6 jud, utang sah siya sa relatives or sa bangko... mortgage siya properties if kailangan jud.. og maayu zd siguro mag BPI ka-negosyo franchising loan na siya.. mangita siya og nindot na franchise didto... invest on assets.. dapat jud siguro mg utang para maka solve sa bati na utang.. then maayo mn zd ayu siya mo save... ma double siguro na niya iya savings ky mas naa siya reason ron na mag tinihik... og mas better ang pay nman kaha sa iyaha work ron... plus the profits sa franchise business if iya e put up... ka save gni siya 300k b4... increase inflow of money and decrease the outflow.. so, maybe 2013, ma ok ra na.. and of course prayers zd jud.. eheh.

Take risks: if you win, you will be happy; if you lose, you will be wise.

take risks, be positive. just my two cents.

Grabeh bro, ka-informative sa imo advice nga gehatag woi. Financial analyst kah bro? maau man gud kaayo ka mo-analyze sa problema, he, he.
Kung sa tinihik bro, grabeh jud nah sa tinihik gaagwnta na lang gani sa cp nga tag3K kay ultimate goal is makalingkawas lage sa debt-trap.
Pero bro, honestly naa man pud uban ga-advise nga dili kuno maayo mosulod ug laing utang samtang kasamtangang nahigot pa sa usa ka utang?
Karon pa lage ko kadungog ana BPI ka negosyo franchise.
Naa man sya mga gagmay negosyo angkat2 lage.

[Dorjan]

Grabeh bro, ka-informative sa imo advice nga gehatag woi. Financial analyst kah bro? maau man gud kaayo ka mo-analyze sa problema, he, he.
Kung sa tinihik bro, grabeh jud nah sa tinihik gaagwnta na lang gani sa cp nga tag3K kay ultimate goal is makalingkawas lage sa debt-trap.
Pero bro, honestly naa man pud uban ga-advise nga dili kuno maayo mosulod ug laing utang samtang kasamtangang nahigot pa sa usa ka utang?
Karon pa lage ko kadungog ana BPI ka negosyo franchise.
Naa man sya mga gagmay negosyo angkat2 lage.

thanks sa praise bro. pero wala pa ko business, and wala pa any form of investments. nag advice2X lng kunohay ko, haha, ky daghan zd ko na learn diri sa istorya. so, contribute lng zd ko ginagmay para maka bawi mn lng zd. hehe. wait lng jud ta sa mga true financial experts diri. ky bisan ako, nag atang2X rman pd nila. hehe.

naa mn na sa TV ang BPI ka-negosyo bro. just google it. imho, franchise is a much safer form of business. pick a good franchise na bagay zd sa iyaha. and research and study everything - make a good business plan.
• For start-up franchising businesses
• Low and affordable interest rates, paying only the interest on the first 6 months
• Minimum loan amount is P500,000
• Customized loan package that will fit your needs

e analyze lng ninyo bro if kaya ba sa inyo style ron ang inyoha target date. ky if 5'6 ang utang, tyg igo ra sa monthly interest ang monthly savings from the salary. as what imo sulti, dili problem ang iyaha expenses ky tihik jud ayu siya... so enaf ra ba kaha ang iya pg tinihik sa iyaha situation ron? if dili gni, so next is to increase the inflow of cash.. mygni maayo kay naa na siya business na d i.. so siguro mas maayo e improve nlng na niya.. expand.. spend on marketing, advertisements and even add more value on ur products.... focus on customers' satisfaction, profits will follow... make them happy and business will be happy, all is happy. thats WISE spending..

we all know that in order to make money, we need to spend money...
let go of the money... let it grow... we know the parable of the talents by Jesus.. lets not be the 3rd servant, afraid to take risks.

and act fast, pas2X baya jud ang 5'6 mo suyop sa kwarta...

[miramax]

thanks sa praise bro. pero wala pa ko business, and wala pa any form of investments. nag advice2X lng kunohay ko, haha, ky daghan zd ko na learn diri sa istorya. so, contribute lng zd ko ginagmay para maka bawi mn lng zd. hehe. wait lng jud ta sa mga true financial experts diri. ky bisan ako, nag atang2X rman pd nila. hehe.

naa mn na sa TV ang BPI ka-negosyo bro. just google it. imho, franchise is a much safer form of business. pick a good franchise na bagay zd sa iyaha. and research and study everything - make a good business plan.
• For start-up franchising businesses
• Low and affordable interest rates, paying only the interest on the first 6 months
• Minimum loan amount is P500,000
• Customized loan package that will fit your needs

e analyze lng ninyo bro if kaya ba sa inyo style ron ang inyoha target date. ky if 5'6 ang utang, tyg igo ra sa monthly interest ang monthly savings from the salary. as what imo sulti, dili problem ang iyaha expenses ky tihik jud ayu siya... so enaf ra ba kaha ang iya pg tinihik sa iyaha situation ron? if dili gni, so next is to increase the inflow of cash.. mygni maayo kay naa na siya business na d i.. so siguro mas maayo e improve nlng na niya.. expand.. spend on marketing, advertisements and even add more value on ur products.... focus on customers' satisfaction, profits will follow... make them happy and business will be happy, all is happy. thats WISE spending..

we all know that in order to make money, we need to spend money...
let go of the money... let it grow... we know the parable of the talents by Jesus.. lets not be the 3rd servant, afraid to take risks.

and act fast, pas2X baya jud ang 5'6 mo suyop sa kwarta...

Salamt kaayo sa advice bro, I strong agree with you in increasing the inflow of cash but the thing is in this manner that you suggested re franchising mora man ug ga-expand noon sa credit line bro.
If only , naa lag unta other means/techniques/strategies/approach ...

[ofw_cebu]

nag offer ba mga banks diha ug consolidation of debts? or balance transfers? kay sa 5'6 lang daan, that's hefty 20%, kung naa balance transfer, then pwede niya ibalhin iya existing loan then mas maayo kay lower ang interest rate, and also, since maayo man kaha siya mo save, then use 80-20 set up, which is 80% pay off his utang, while 20% bilin para sa iyaha, then in due time, for sure it won't be long ma impas na iya utang . . .

[miramax]

nag offer ba mga banks diha ug consolidation of debts? or balance transfers? kay sa 5'6 lang daan, that's hefty 20%, kung naa balance transfer, then pwede niya ibalhin iya existing loan then mas maayo kay lower ang interest rate, and also, since maayo man kaha siya mo save, then use 80-20 set up, which is 80% pay off his utang, while 20% bilin para sa iyaha, then in due time, for sure it won't be long ma impas na iya utang . . .

PM'ed you bro.

[Dorjan]

Salamt kaayo sa advice bro, I strong agree with you in increasing the inflow of cash but the thing is in this manner that you suggested re franchising mora man ug ga-expand noon sa credit line bro.
If only , naa lag unta other means/techniques/strategies/approach ...

lge pd bro... siguro taya nlng sa lotto? eheh.
or try selling some appliances, start with TV
and other energy-consuming appliances...
maka kwarta pa, ma cut pa ang electric bills.

naa ko relatives gud bro na dako utang... pero
gi tukod mn pd og sari-sari store... million siguro
kapin pa utang ato pero ang adlaw sa ila store
ky pinaka gamay na ang 20k og sahay abot pa
og 60k if kusog ang adlaw.. daghan zd suki gud..
dili mahadlok jud mo utang... mo utang na zd
siguro laen na pd para pang expand... hahah.

[makie]

By any means/method, is there any chance/way that a person who is currently trapped in a debt amounting to almost 500K, can clear this credit before 2013?

helpful hints;
- The average income of the debtor is 70K per month less of course Fixed expenses.
- The subject individual is frugal.

Istoryan FA's/FE's I value your inputs on this matter.

P500T in a little less than 2 years is very doable considering the income that you are receiving every month.

1.) If you can, increase your cash flow so you can pay that debt off faster
2.) If you can't increase your cash flow, you can still pay it in that span of time.

Assuming let's start this May until December 2012, that is 19 months. P70T X 19 months (assuming you'll be having that income monthly for the next 19 months) is equal to P1.33M. After all the taxes and other deductions, that is still a very big amount, way more than P500T. Even in less than 19 months, you can pay that off.

However, how much is your monthly expenses? Bills? Food? Other needs such as medications (if there is)? Make paying that debt off your priority from this day on. You can talk and come up with agreements with the creditor. Next is make a new budget and stick to it until you settle such debt.

I don't know about the monthly expenses but with that kind of income monthly and being frugal, paying that amount should be too doable. Just give it some time. 19 months is actually too long already. It doesn't take a financial guru to settle such debt, attitude towards money and finances is.

[Metz]

nag offer ba mga banks diha ug consolidation of debts? or balance transfers? kay sa 5'6 lang daan, that's hefty 20%, kung naa balance transfer, then pwede niya ibalhin iya existing loan then mas maayo kay lower ang interest rate, and also, since maayo man kaha siya mo save, then use 80-20 set up, which is 80% pay off his utang, while 20% bilin para sa iyaha, then in due time, for sure it won't be long ma impas na iya utang . . .

I read the whole thread and kani sad ako advice besides increasing cash flow.
Consolidate the debt aron ma minimized ang interest.
But for setting it up, wala pa nako na apply kay swerte sad ko nga when I wanted to invest in land, I learned about liquid assets.

So I don't know unsa pud pangayuon sa bank.