IT IS UNFORTUNATE FOR MASSES LIKE YOU AND ME THAT WE ARE NOT GIVEN A CHANCE TO PROVE OUR WORTH IN BUSINESS BECAUSE OF LACK OF CAPITAL AND KNOW HOW OF WHAT KIND OF BUSINESS THRIVES IN VERY COMPETITIVE WORLD OF BUSINESS.
BACK THEN, I HEARD ABOUT FRANCHISING BUT UNTIL NOW I WAS NOT ABLE TO TRY IT BECAUSE I THOUGHT AT LEAST YOU NEED A HUNDRED THOUSAND PESOS (P100.000.00) AS START UP CAPITAL.
I WAS AMAZED TO KNOW THAT THIRTY TO FORTY THOUSAND PESOS IS SUFFICIENT ENOUGH TO START A FRANCHISING BUSINESS THAT YOU LIKE.
NOW THAT I KNOW IT, I WILL START SAVING AND RAISING FIFTY THOUSAND PESOS TO START FOOD FRANCHISING BUSINESS.
IF THEY CAN DO IT, WHY CAN'T WE. START THINKING ABOUT IT AND YOU WILL BE AMAZED HAVING IT TOMORROW.
Tuesday, March 15, 2011
Thursday, March 10, 2011
RICHEST MEN ON PLANET
THE GLOBAL RANKS OF BILLIONAIRES GREW BY ALMOST 200 PEOPLE IN THE PAST YEAR BUT NONE CAME CLOSE TO UNSET CARLOS SIM OF MEXICO, THE WORLD'S RICHEST MAN ON EARTH.
HERE ARE THE TOP ELEVEN BILLIONAIRES ACCORDING TO FORBES MAGAZINE'S LIST OF 2011:
NAME NATIONALITY BUSINESS US$
1. CARLOS SIM HELU MEXICO TELECOMS 74
2. BILL GATES US MICROSOFT 56
3. WARREN BUFFETT US INVESTMENT 50
4. BERNARD ARNAULT FRANCE LVMH LUXURY 41
5. LARRY ELLISON US ORACLE 39.5
6. LAKSHMI MITTAL INDIA STEEL 31.1
7. AMANCIO ORTEGA SPAIN ZARA 31
8. EIKE BATISTA BRAZIL MINING/OIL 30
9. MUKESH AMBANI INDIA OIL/GAS 27
10. CRISTY WALTON/FAMILY US WAL-MART 26.5
11. LI KA-SHING HK DIVERSIFIED 26
SOURCE: MANILA BULLETIN, BUSINESS SECTION
DATED MARCH 11, 2011
HERE ARE THE TOP ELEVEN BILLIONAIRES ACCORDING TO FORBES MAGAZINE'S LIST OF 2011:
NAME NATIONALITY BUSINESS US$
1. CARLOS SIM HELU MEXICO TELECOMS 74
2. BILL GATES US MICROSOFT 56
3. WARREN BUFFETT US INVESTMENT 50
4. BERNARD ARNAULT FRANCE LVMH LUXURY 41
5. LARRY ELLISON US ORACLE 39.5
6. LAKSHMI MITTAL INDIA STEEL 31.1
7. AMANCIO ORTEGA SPAIN ZARA 31
8. EIKE BATISTA BRAZIL MINING/OIL 30
9. MUKESH AMBANI INDIA OIL/GAS 27
10. CRISTY WALTON/FAMILY US WAL-MART 26.5
11. LI KA-SHING HK DIVERSIFIED 26
SOURCE: MANILA BULLETIN, BUSINESS SECTION
DATED MARCH 11, 2011
Wednesday, March 2, 2011
FINANCIAL LIFE STAGES
I FOUND THIS ARTICLE WORTH READING AND WORTH SHARING. I LIKE IT. I HOPE YOU LIKE IT TOO.
I DON'T WANT THIS PRECIOUS PIECES OF INFORMATION GO TO WASTE WITHOUT SOMEONE READING IT.
IT IS ABOUT 4 FINANCIAL LIFE STAGES. EACH STAGE SPECIFIES DIFFERENT LEVELS OF FINANCIAL ACHIEVEMENTS WITH DISTINCT GUIDELINES FOR INVESTING.
1. START-UP - ALL OF YOUR INCOME COMES FROM YOUR SWEAT, NO WORK, NO PAY. AS SOON AS YOU EARN YOUR FIRST PESO, YOU SHOULD SET YOUR SET YOUR EYES TO THE NEXT STAGE.
2. BUILD-UP - WHEN ABOUT 20% OF YOUR INCOME COMES FROM INVESTMENT INCOME. IT IS MONEY EARNED FROM MONEY SAVED AND INVESTED.
3. ASSET ALLOCATION - YOU SHOULD ACCUMULATE ENOUGH FROM INVESTMENTS TO CONTRIBUTE UP TO 60% OF TOTAL INCOME. THIS IS THE FINE TUNING STAGE, WHEREIN INVESTMENTS ARE ALLOCATED TO ENSURE STEADY CASH FLOW IN PREPARATION FOR RETIREMENT.
4. RETIREMENT- IDEALLY ONE RETIRES AND IS ABLE TO CONTINUE HIS CHOSEN LIFESTYLE WITHOUT HAVING TO WORK. HIS LIFESTYLE IS FULLY FUNDED BY HIS ACCUMULATED WEALTH.
THESE ARE THE 4 FINANCIAL LIFE STAGES FROM THE WEDDING MAGAZINES THAT CAPTURED MY ATTENTION AND IT WAS WRITTEN BY WELL KNOWN FINANCIAL ADVISER AND ENTREPRENEUR GURU FRANCISCO J. COLAYCO.
I DON'T WANT THIS PRECIOUS PIECES OF INFORMATION GO TO WASTE WITHOUT SOMEONE READING IT.
IT IS ABOUT 4 FINANCIAL LIFE STAGES. EACH STAGE SPECIFIES DIFFERENT LEVELS OF FINANCIAL ACHIEVEMENTS WITH DISTINCT GUIDELINES FOR INVESTING.
1. START-UP - ALL OF YOUR INCOME COMES FROM YOUR SWEAT, NO WORK, NO PAY. AS SOON AS YOU EARN YOUR FIRST PESO, YOU SHOULD SET YOUR SET YOUR EYES TO THE NEXT STAGE.
2. BUILD-UP - WHEN ABOUT 20% OF YOUR INCOME COMES FROM INVESTMENT INCOME. IT IS MONEY EARNED FROM MONEY SAVED AND INVESTED.
3. ASSET ALLOCATION - YOU SHOULD ACCUMULATE ENOUGH FROM INVESTMENTS TO CONTRIBUTE UP TO 60% OF TOTAL INCOME. THIS IS THE FINE TUNING STAGE, WHEREIN INVESTMENTS ARE ALLOCATED TO ENSURE STEADY CASH FLOW IN PREPARATION FOR RETIREMENT.
4. RETIREMENT- IDEALLY ONE RETIRES AND IS ABLE TO CONTINUE HIS CHOSEN LIFESTYLE WITHOUT HAVING TO WORK. HIS LIFESTYLE IS FULLY FUNDED BY HIS ACCUMULATED WEALTH.
THESE ARE THE 4 FINANCIAL LIFE STAGES FROM THE WEDDING MAGAZINES THAT CAPTURED MY ATTENTION AND IT WAS WRITTEN BY WELL KNOWN FINANCIAL ADVISER AND ENTREPRENEUR GURU FRANCISCO J. COLAYCO.
Tuesday, March 1, 2011
ECONOMICS OF MARRIAGE
I solemnized/officiated a great number of weddings when I am still practicing my vocation as a pastor.
I heard a lot of sermons and messages but seldom touch the economics of marriage.
Almost every day there are couples who are so committed to each other that they wanted to tie the knot.
But I had also witness that some of them only lasted for a couple of years, months and worst just for few weeks.
One of the undeniable culprits of marriage breakdown is money matters or finances.
Ideally couples must make a commitment to jointly work on their financial plans and expenses while they are still engage.
Marriage is a joint venture between husband and wife. Money and finances is a family matter.
A couples failed to plan and handle their finances is always on the brink of break up and separation.
Here is a key money question for marrying couples. WHAT IS THE NET WORTH OF EACH OF YOU?
List all your personal assets (cash, savings, house, real estate, cars, jewelleries, etc.).
Then deduct from this list all that you owe it maybe loans and debts from banks or someone. What is left is your net worth.
The next thing you do is how willing both of you wanted to combine your assets and liabilities.
If all the couples prior to their marriage think this way, I believe 85% of their problems will be solved.
Survey said that the 85% of marital problems is money related problems.
Marriage is like any business start-up as it is critical that cash flow will support the short and medium term goals.
I must admit this is one of the major causes of my marriage breakdown. I don’t want this thing to happen to you.
The economics of marriage must be properly put in place.
Practical advises on the economics of marriage will be tackled next. Watch for it!
ADDITIONAL INCOME
This article was inspired by a text conversation between a business guru and his business disciple which the former published in his article in the classified section of the Manila Bulletin dated January 23, 2011.
After graduation, the business disciple opened a food cart business. The sales was not good enough. So he contacted his guru to seek an advice. Like any gurus in other fields, this guru is ever willing to help his troubled disciple and extend his helping hands to him.
By the way, teaching is not only confined in the four corners of the classrooms. There are so much to learn outside the classrooms. And you will be exposed to many problems before you becomes an expert.
Figuring out the problem, the guru asked this basic question:
Does the location, the place where his food cart business is located have traffic? Meaning, if there are a lot of people coming in and out or passing by. This guiding principles is very important in any business endeavours. Profit is largely base on traffic. Less people can be equated to limited income opportunities. More people can be translated to a potential profit opportunities.
The student said yes, but the people passing by is not my food cart target people. My target people is the upper middle class people. In this point I hope the student or disciple come to his senses and learn another important business guiding principle. Business is at his best when traffic and market meets.
The guru's recommendation:
In my own opinion, the guru gave his student the best advise. Since the business caters to upper middle class type of people and the traffic are the masses, his advice is to adapt to his location by adding products that suit to the masses. This way, he/she can generate additional sales.
The students thoughts that adding new products means adding new equipments but this is not the way to do it according to his/her business mentor. Don't manufacture products, sell the ready made ones. Adding additional costs defeat the purpose of adding additional income.
I hope you learned and reminded from this simple truth of running your business. Think of additional income by adding additional products without adding additional costs.
By the way, the person I am talking that I drew my inspiration to write this blog is "BIZMAKER" MARK SO. In closing he said, "THE PERSON WHO UNDERSTAND HOW TO SELL AND TAKE PROFIT WITHOUT ADDING COSTS WILL ALWAYS WIN IN THE LONG RUN." Add income not costs!
After graduation, the business disciple opened a food cart business. The sales was not good enough. So he contacted his guru to seek an advice. Like any gurus in other fields, this guru is ever willing to help his troubled disciple and extend his helping hands to him.
By the way, teaching is not only confined in the four corners of the classrooms. There are so much to learn outside the classrooms. And you will be exposed to many problems before you becomes an expert.
Figuring out the problem, the guru asked this basic question:
Does the location, the place where his food cart business is located have traffic? Meaning, if there are a lot of people coming in and out or passing by. This guiding principles is very important in any business endeavours. Profit is largely base on traffic. Less people can be equated to limited income opportunities. More people can be translated to a potential profit opportunities.
The student said yes, but the people passing by is not my food cart target people. My target people is the upper middle class people. In this point I hope the student or disciple come to his senses and learn another important business guiding principle. Business is at his best when traffic and market meets.
The guru's recommendation:
In my own opinion, the guru gave his student the best advise. Since the business caters to upper middle class type of people and the traffic are the masses, his advice is to adapt to his location by adding products that suit to the masses. This way, he/she can generate additional sales.
The students thoughts that adding new products means adding new equipments but this is not the way to do it according to his/her business mentor. Don't manufacture products, sell the ready made ones. Adding additional costs defeat the purpose of adding additional income.
I hope you learned and reminded from this simple truth of running your business. Think of additional income by adding additional products without adding additional costs.
By the way, the person I am talking that I drew my inspiration to write this blog is "BIZMAKER" MARK SO. In closing he said, "THE PERSON WHO UNDERSTAND HOW TO SELL AND TAKE PROFIT WITHOUT ADDING COSTS WILL ALWAYS WIN IN THE LONG RUN." Add income not costs!
LIVE RICH
Today, I will introduce you to a guy I only met through his writing. Indeed it is a blessing in disguise. His name is Francisco J. Olayco. An entrepreneur, a venture developer and financial adviser with over 40 years of experience.
He is the author of bestsellers: Wealth within your reach, making your money work, and Work Book for money. According to him, the quickest way to get rich is to get rich slow. In growing wealth, slow is fast. This inspirational words were taken from Mac Anderson.
This writing is a reflection of sort of his article which I believe an advice to young couples who are planning for their wedding. We are living in an unprecedented and unpredictable environment. Today's economic situation is getting worse and we do not know for sure how long the recovery will take and more importantly,nobody knows how the financial markets look like after the dust settles.
To be honest with you this is the first time I hear about Investment Banking and its difference to Commercial Bankings.
Further, he explains that Investment Banking does not require large amounts of capital as banks do because the Investment Bankers just create the instruments for companies/banks that needs financing and sell this instruments to individuals/companies/banks/funds that have the money to invest.
In effect Investment Bankers are the middlemen to "borrow" or use "leverage" to transfer funds from the investors He added that this practices was poorly regulated and in the end investors were victimized.
WHERE TO INVEST?
I believe You and I have the same concerns. Where to Invest Now? According to him, you need to define your purpose of investing. The three basic parameters will automatically define your financial goals namely;
1. How much time you have to accumulate the desired amount (example: how long you need to keep the investment active).
2. How much annual return (investment yield) you expect your investments to generate.
3. What level of risk you are prepared to assume.
Capital preservation is one of the major consideration in most investments. This means that avoiding losses is the number one criterion in choosing the investment.
SHORT TERM VERSUS LONG TERM
The longer the investment period, the lower the risk and the higher is the potential return. This is why for long term investors, it is very important that they leave their money alone once they have invested it. Allow the investment to compound over time, preferably five years.
When investing, consider one of his brilliant advise, "DON'T PUT ALL YOUR EGGS IN ONE BASKET" Strategic asset allocation is one of the powerful tools that manages risks and stabilizes earnings.
HOPE AND OPPORTUNITY
A most important principles, in the investment markets, "what goes down will goes up again" Another reality, Francisco Olayco said than even in the worst bear markets, there is a bull market somewhere.
In order to understand what bear and bull market is all about I copy this link from ESSORTMENT.
A bull market is one in which prices of a certain group of securities are rising or are expected to rise. It is a prolonged period where the investment prices rise faster than their historical average. In such times, investors have faith that the market will continue to rise in the long term. Bull markets can happen as a result of economic recovery, an economic boom, or investor psychology.
A bear market is an opposite of bull market; it is characterized by falling prices and an expectation that they will continue falling. When the market is bearish, it leads to a slow down of economy together with a rise in unemployment and inflation. In both the cases, people invest. Those who invest in a rising market and think that it will continue to be so are called bullish investors while those who trade in falling markets and think that it will continue to be so are known as bearish players.
I hope this article helps you a lot and live rich.
He is the author of bestsellers: Wealth within your reach, making your money work, and Work Book for money. According to him, the quickest way to get rich is to get rich slow. In growing wealth, slow is fast. This inspirational words were taken from Mac Anderson.
This writing is a reflection of sort of his article which I believe an advice to young couples who are planning for their wedding. We are living in an unprecedented and unpredictable environment. Today's economic situation is getting worse and we do not know for sure how long the recovery will take and more importantly,nobody knows how the financial markets look like after the dust settles.
To be honest with you this is the first time I hear about Investment Banking and its difference to Commercial Bankings.
Further, he explains that Investment Banking does not require large amounts of capital as banks do because the Investment Bankers just create the instruments for companies/banks that needs financing and sell this instruments to individuals/companies/banks/funds that have the money to invest.
In effect Investment Bankers are the middlemen to "borrow" or use "leverage" to transfer funds from the investors He added that this practices was poorly regulated and in the end investors were victimized.
WHERE TO INVEST?
I believe You and I have the same concerns. Where to Invest Now? According to him, you need to define your purpose of investing. The three basic parameters will automatically define your financial goals namely;
1. How much time you have to accumulate the desired amount (example: how long you need to keep the investment active).
2. How much annual return (investment yield) you expect your investments to generate.
3. What level of risk you are prepared to assume.
Capital preservation is one of the major consideration in most investments. This means that avoiding losses is the number one criterion in choosing the investment.
SHORT TERM VERSUS LONG TERM
The longer the investment period, the lower the risk and the higher is the potential return. This is why for long term investors, it is very important that they leave their money alone once they have invested it. Allow the investment to compound over time, preferably five years.
When investing, consider one of his brilliant advise, "DON'T PUT ALL YOUR EGGS IN ONE BASKET" Strategic asset allocation is one of the powerful tools that manages risks and stabilizes earnings.
HOPE AND OPPORTUNITY
A most important principles, in the investment markets, "what goes down will goes up again" Another reality, Francisco Olayco said than even in the worst bear markets, there is a bull market somewhere.
In order to understand what bear and bull market is all about I copy this link from ESSORTMENT.
A bull market is one in which prices of a certain group of securities are rising or are expected to rise. It is a prolonged period where the investment prices rise faster than their historical average. In such times, investors have faith that the market will continue to rise in the long term. Bull markets can happen as a result of economic recovery, an economic boom, or investor psychology.
A bear market is an opposite of bull market; it is characterized by falling prices and an expectation that they will continue falling. When the market is bearish, it leads to a slow down of economy together with a rise in unemployment and inflation. In both the cases, people invest. Those who invest in a rising market and think that it will continue to be so are called bullish investors while those who trade in falling markets and think that it will continue to be so are known as bearish players.
I hope this article helps you a lot and live rich.
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