Why is it when someone talks about managing your own money, only a few are interested

[8_cRawlin_baby_8]

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thanks for the information. is there a registration?

There will be a financial literacy talk/presentation/seminar this coming November 15, 2010 at City Sports Club Center (right across Marriott Hotel) from 7PM to 10PM for free. It is being sponsored by IMG and everybody is invited to attend.

The presentation will circle around building the right financial foundation and getting out of debt is a part of it. The speaker are registered planners in both USA and Philippines and one of them is the mentor of Bro. Bo Sanchez.

Make some time for it, this 3 hours might change your life financially.

[makie]

thanks for the information. is there a registration?

Yes, just a pre-registration so we could approximate the number of attendees. Just PM me your name and number if you're interested. The presentation is purely about financial literacy. There's no sales talk, no need to worry.

[Metz]

i would be more happier if there's company out there that would TALK about on how to manage DEBT and what can an individual DO to get out from the existing DEBT.

since MAJORITY are in DEBT, so why not start in discussing one.

i want to SAVE but how can i save if i am drowning from DEBT

hope you see my point.

these are actually covered in the 3hour financial talk done monthly, right now its on Nov 15, 6:30pm-9:30pm The question here is, are you willing to spend the time to listen?
if interested ka, we can sign you in just PM me

just offer the learning session and no selling afterwards or don't recommend your services/products.. that might work.. these guys are now really scared of this so called free learning sessions because at the end, they'll be asked to buy something that are not of their immediate concern..

people sometimes learn the hard. in fact, we various learning styles so i would suggest you tap those learning styels for your message to get across.

my two cents..

If we dont recommend products where will they go for savings at higher interest rate? whats the point of educating how to save effectively in mutual funds if they dont know where to open it?

all we do is teach and offer the products. but its still up to the person if magsugod na siya ug save kay siya raman kabalo sa iya finances.

In my end there's no point in forcing the person on a product nga obvious pa kaayo nga di siya ka-afford kay ma lapse ra, alkansi pa siya, ug ma feel niya nga giilad siya.

we offer solutions, but its up to them if ka afford naba sila mo save, or work harder to start saving earlier or willing ba sila mo do the business. although naay follow-ups but this is important kay daghan kaayo tao ka-afford na mo save but they just need a slight "push" to start kay naanad na ug procrastination kay di man habit ang savings.

I was also wary/skeptical when I attended the seminar, but I was interested about investments. And now, I have all the products kay Im investing on myself and my family.

bottomline:

we offer the information and products, but its always your decision because its your money. if di ka maconvinced to start saving, then it might not be the right time for you but at least you know where to go if ready naka.

[SioDenz]

Why is it when someone talks about managing your own money, only a few are interested?

Simple, most people don't bother to learn how to manage their money because they Dont have any money to Manage in the first place...

[Metz]

Simple, most people don't bother to learn how to manage their money because they Dont have any money to Manage in the first place...

managing means checking how your finances are doing. pila mo sulod kada buwan and how you are spending it. if you take a hard look at how you're spending your money daghan kaayo spent on "wants". If you can stick to paying for basic needs and removing wants, you might have a positive income, and start saving. but if negative gihapon, then its time to get promoted. get a 2nd job, or pag sideline.

Daghan cge reklamo gamay ila sweldo but they are not willing to get a 2nd job or get a sideline. They just keep on complaining.

[8_cRawlin_baby_8]

sure ha, no sales talk

getting out of DEBT is our main priority for now. steps towards financial stability shall follow in any way.

i'll check on this. is there a deadline for the pre-reg?

Yes, just a pre-registration so we could approximate the number of attendees. Just PM me your name and number if you're interested. The presentation is purely about financial literacy. There's no sales talk, no need to worry.

[c0mpumast3r]

i would be more happier if there's company out there that would TALK about on how to manage DEBT and what can an individual DO to get out from the existing DEBT.

since MAJORITY are in DEBT, so why not start in discussing one.

i want to SAVE but how can i save if i am drowning from DEBT

hope you see my point.

Actually, I am with you in terms of managing debts. In my case, one decision I made was to cut off all my credit cards as it tempts me so badly to buy interesting products at SM or Ayala.
You know what, because of that attitude, I suffered paying myself on the interests of my credits. This is what they called the power of compounding interest used in the wrong way or is against me. If I have only used the power of compounding interest the right way by putting it in business, or investing it in stocks or mutual funds, the interest (basing from market performance) could have given me a great impact, financially.

Another step I made was to not engage in any forms of "utang" or loans anymore. As you can see, there is a good debt and a bad debt. Most Filipinos "utang" money when they needed to buy something, i.e. new cellphones, laptop, etc. - This is bad debt. When it comes to the rich or financially literate, if they may need to "utang" money in banks, etc., its because they put the money first in their assets i.e., by investing it in businesses, real estate, or mutual funds and the generated income from those investments is either they buy more assets or they buy the product they wished to buy. So, in this case, this is what we called a "good debt". Buy or invest first before buying anything!

If you want to learn more of these, there is a regular financial literacy program at the IMG office every 7pm - 8pm Tuesdays and Thursdays and 2-3pm every Saturday. There is also a Financial Literacy presentation/seminar this coming November 15, 2010 at City Sports Club offered for free.

[makie]

sure ha, no sales talk

getting out of DEBT is our main priority for now. steps towards financial stability shall follow in any way.

i'll check on this. is there a deadline for the pre-reg?

No deadline but we don't know the turn out of the number of attendees so the earlier you get your name on the list, the better. We might get fully booked.

To give you an overview of the things that will be talked about in the presentation, here's some:

1.) Assessment of our current financial situation
2.) Getting out of debt
3.) Building blocks of a right financial foundation
4.) What the rich know that the middle class and the poor don't
5.) Reducing responsibilities by increasing cash flow

The presentation is just to enrich our financial knowledge even more. No sales talk, there's a different day for that.

[c0mpumast3r]

very simple......ang mga tawo these days don't have much to save, during pay days, they are only left with very little to spend.....maayo lang gani ug naa jud masobra

This is what Robert Kiyosaki calls the "rat race". These are the type of people who, after receiving their salary, pays everything first before themselves. Mao ni "sa akong giingon sa other thread" nga:

Reklamo -> Increasan Sweldo -> Malipay -> Mu-Increase ang Panginahanglan ug Palaliton -> Reklamo napud..and so on and so forth..

Do you know that more than 50% of employees and self-employed in the whole world are trapped in the "rat race"?

If you question yourself with, "Why am I left with little or sometimes no money every after pay day?" then I would answer you to KINDLY CHECK YOUR FINANCIAL FORMULA because you might be using an incorrect formula!

When you have this formula:

Income - Expenses = Savings or Money Left for you

Then, I must say that YOU are in a "rat race". Better change your formula to this:

Income - Savings (Pay yourself first or Save) = Expenses

Then, I must say that YOU are in the right track.

So, my next question is, when will YOU change?

One thing I learned is to pay MYSELF first and LIVE within or below my means. And since dili man dako ako sweldo pud, nangita ko ug sideline in order for me to have a positive cashflow.

[c0mpumast3r]

All businesses does that, not only those illegitimate ones. That's a strategy of theirs. However, because of scams all over, people are getting scared. Have you ever experienced inviting people to IMG and get responses such as "networking na pud na"? It's very common because "networking" companies have overused and abused such way of inviting people and marketing strategy.

In the end, it will all boil down to the customer's discretion whether to buy or not. There is nothing wrong in offering something right after the presentation.. pero kung pugsanay na papaliton, that's another story.

Mao gyud bro, kung pinugsanay na gyud gani, murag lahi na gyud na...hehehe..