Get Wealthy In

“Unless your parents are rich don’t follow what they did.” Bang!!! It hit me hard when I heard that. Does that mean I won’t follow them because they are not rich? But think harder. It’s not what it meant.

We love our parents. They deserve our respect and they are to be honoured. The statement probably mean about their financial strategy and most of them failed during their early age and reaped the rewards in their old age and we are also hurt seeing them having financial trouble.

You will hear a lot of parents saying.

” mao ra jud ni ako ikahatag ninyo kay pobre tah.”
“ito lang ang kaya kong ibigay. pasensya na kayo kase wala tayong pera”
“gamay raman ato sweldo”
“kulang rajud ato income”

If you look at it, and study the phrases carefully, you will see why they failed. And if you are saying the same thing, you are most likely on the way to what they are in their old age.

The world is changing very fast and everything has turned out to be competitive and if you are not able to cope with it you are most likely will be left behind and end up broke.

Sometimes its not about your Position held in the corporate world. Would you be happy as a MANAGER or even the CEO but broke financially? You need to have someone from the financial industry who can sit down with you and teach you how and why you need to save, invest and increase your income.

Some of the advices our parents tell us is no longer applicable today. Come to think of it. You would rarely see someone use the type writer or write a letter and send it using the post office.

If someone would talk to you about MUTUAL FUNDS, STOCKS and INSURANCE most likely your parents would have goose bumps. It’s new to them but something you should learn and even teach them.

Don’t ever mock and scorn at your parents on their failures. It may not be their fault because no one taught them how to do it. It’s your chance to help them. Learn about the financial industry and tell them how good it is and how it can help you solve the financial difficulty the family is experiencing.

One fault is to refuse or procrastinate savings. “How can We save if our Income is never enough?” Then do something about it. You have to increase your income to fit the size of your needs if you can’t lower your needs. Either you see yourself buried with tons of debts or filled with savings 3-5 years from now. Your decision today will shape up your future.

Live within your means or increase your means and save. How fast can you increase your means? Where and how would you like to start?

IMG has a powerful system that would allow you to increase your means with a flexible time, commitment and schedule. Act now.

By Jhade

A few days before the month of October ends, I opened a “mini” account with Millennium Penata Futures of $1000, that’s around, Php 50k thru a friend broker. I had been practicing and learning the basics of FOREX trading as well as its terminologies thru a demo account.

So far, I know, that FOREX has a very volatile and liquid market and we all know, it’s risky. Some say, it’s better than stocks. Partly, true! High returns or profitability are possible but it may lead to greater losses if your strategy will go against you. Hmmm… learning the basics is what I recommend. Don’t rush on profitability. Think of it, it’s in dollars! A profit of $20 in a day is enough for me as a newbie but it’s not only limited to it, it could be more!

Capital to Invest?

FOREX trading for Pinoys might be known to only a few. It’s because, it’s the game then of the “BIG” guys! The richest of the rich, banks institutions and international marketers! With the availability of the internet, many companies into FOREX are opening its doors to online FOREX trading. One of them is Millennium Penata Futures based in Indonesia. To start an account with them, you could either choose to open a regular account ( $10,000 or Php 500,000) or if you don’t have that enough cash just like me, go to open a mini account ($1000 or Php 50,000). I can refer you to my friend broker to give you a sampler or demo account so you would know how FOREX trading would go just to familiarize on how to work with it.

Initial Profit:

So far, the highest profit I took in just days after trading in FOREX is $396! You may use a converter if you want to know the peso value of it! That’s almost half of $1000 that I invested!

How to take profit?

Aside from the initial capital or investment to start with, you have to open a dollar account in your nearest local bank. I recommend BDO, as they offer $200 to open a dollar account (this account doesn’t earn any interest). Other banks, may require you a deposit of $500 (dollar account that would earn an interest). Why you need one? You can only withdraw you profits from you FOREX through a dollar account as it is based in dollars! Definitely, a simple and quick transfer to your dollar account. Voila, you have the money now!

I will discuss my FOREX Trading ventures soon in my next entries! So visit this site always!

I didn’t noticed that I got two (2) unclaimed checks already from my sideline job as a broker of IMG (International Marketing Group).  I got my 1st check last June and from that, I started to get encouraged to work hard (but not really trying hard) as this passive income will sort of level to my active income from being a call center agent! At this point, my salary from my nocturnal job still pays good. But if you have all sorts of passive income like google adsense, stocks investments, brokerage, freelancing and etc. which I all have, isn’t it just amazing that when you aggregate your earnings from these income, it’s even more than my active income (salary)?!  So it means, I’m receiving double!

My previous articles stated ways to save money! Like, I did all learn about this financial education stuff when I joined IMG, April of this year! It’s when I started to know about the Rule of 72, Stock Investments, Healthcare, Insurance, Mutual Funds, Savings, Passive Income which I find it really helpful and important if you want to be wealthy! And yes, I’m so thankful that IMG is able to enlighthen me on that!

My dad has been a broker of IMG since 1997 and at that time, I was in high school then. He tried to convince me to join him but I just said a big NO. Later that I realize, when I’m already working, I came across that I have to really do something good for money. Like,  I have to save it where it could give me double or tripple or more interest of my money than saving it in a bank.

Yes, it took 8 years for me to realize that! And my dad just give me the freedom to choose to do what I want. Now, he is happy. I became a broker of IMG which is just a part time money venture for me but I consider it as an income generating which I would like to share with my fellow Filipinos.

What is IMG?

International Marketing Group is one of the few companies of its kind in the industry today – a marketing company that is dedicated to serving the financial needs of individuals and families from all walks of life.

International Marketing Group’s independent associates do not just work with clients who have large amounts of discretionary income – instead they work with everyday people helping them make critical financial decisions that help move them from where they are to where they want to be.

International Marketing Group is one of the biggest and fastest growing financial distribution companies in the US, Canada, Taiwan, Hongkong, Philippines and going worldwide. IMG has established agreements with many of the world’s leading financial services companies to provide us a broad array of financial products & services. IMG will help you comply accreditation and licensing requirement of all its Product Provider Companies. Multiple companies (Multiple products) will help you get the best product…Best service … Highest Rate Of Return…. Diversify investments, etc.
Read more…

What Earning potentials can IMG provide?

IMG offers an excellent income opportunity, whether you’re looking at the business as a twin career or a full-time commitment. With IMG’s attractive compensation package, you can also take advantage of a number of incentives, including renewals, as well as participation in bonus pools and stock programs.

Read more…

Who are our Business Partners/Providers?

These are the companies who give exclusive rights to IMG as their official broker to transact business in behalf of them. And these are:

• Kaiser Intenational
• Cocolife (a subsidiary of San Miguel Corp)
• Grepalife
• Generali Pilipinas (owned by Henry Sy)
• Phil Equity Management Inc.
• Ayala Land
• Crown Asia

Are our providers big time? Yes, in deed! Visit here for more of our providers!

Interested?

I’m currently based here in Cebu. Our IMG office is at Lahug and FGU tower in Ayala. But if you want to know about having a good business, passive income, and being a broker, just email me at admin@thegetwealthy.com or text me thru 09239776792 or simply leave your infos here and I will get back to you the soonest time.

I got this Ten (10) Principles of Investing from Freeinvestmentreport.com. I would like to share it. This is one way to condition our minds in terms of stock investing. Hope this helps!

1. 1. Start investing now. You could be getting better returns on your money today to prepare yourself financially for your future.
2. 2. Make a financial plan. You must know what your goals are to be a successful investor.
3. 3. Do not follow the crowd. When investing, do what the wealthy do and look for opportunities to get in before the masses.
4. 4. Don’t overpay for stocks simply because the companies behind them are large and well known. Too many large companies are overvalued, and their prices will eventually fall back to earth.
5. 5. Have patience when investing. Wait for the right time to enter and exit your trades.
6. 6. Research, research, research. And if you can’t do your own research, seek advice from experienced professionals who specialize in the markets.
7. 7.Remember that all big companies were once small companies. Look for high-potential opportunities in the micro cap and small cap sectors.
8. 8. Be cautious when investing borrowed money. Your investments can fluctuate in value, whereas the money you borrow must be paid back in full.
9. 9. Don’t put all your money in one place. To protect yourself, make certain your portfolio is diversified across a number of unrelated financial instruments.
10. 10. If necessary, close out losings investments to cut your losses. Stocks do not always bounce back.

Entry Credit: http://www.freeinvestmentreport.com

Will you feel good if you bought something like a desired gadget out from your passive income? Like not taking it from your main source of income like from your salary if you’re an employee or sales if you own a business? Definitely, your  answer might be a big YES! Why not? Did I say, Google Adsense and Stock Investments in the title? I would like to share this experience of mine for you to be inspired (maybe, it helps).  lol

Because of blogging thru Google Adsense, I was able to buy my new ASUS EEE 1000HE netbook! I used my first google adsense earnings and my profits from what I gained in my Stock Investments. These are all from my passive incomes. What do I mean by this? Instead of using my basic salary to buy my desired gadget, or saving it in the bank, a portion of it or like all of it was invested in the stock market! Come to the point, that I see a signal in profit-taking, I sold my shares of course at a gain and the proceeds (just the gain), I used it to buy what I want. So, my basic salary is remained untouched but instead, it generated interest and is used to buy those needs and wants of mine. Whew! At least, because of the very basic knowledge in investing, I learn how to value money. It’s money generating another money!

What’s the role of Google Adsense then?

Last month, I received my first Google Adsense earnings and this is from my blogging stuff.  I was able to treat my friends for some sumptuous meal! It pays to really celebrate when these boon things in life come! For good luck and more to come, actually! A portion of it, I used to add it to buy my new ASUS EEE 1000HE netbook. So I did use all my passive income sources to buy it. Google Adsense and Stock Investment gains for the netbook.

How to have a PASSIVE Income?

For now, I will say:

1. Go blogging thru Google Adsense.
2. Stock Investments thru profits.

Although, there are lots of ways to earn passive income thru blogging aside for Google Adsense, you may use your site to give paid reviews on products and services, internet marketing, and etc.

Don’t know how to start with Stock Investing?  Please read the articles and visit my site link: Get Started. Or you may jump in for Stock Trading Online.

Whom to do you think is the wealthiest pinoy as of today? In August 2009, Forbes Magazine released its list of The Philippines’ 40 Richest released this August 2009. Now, it’s time to check who these wealthiest Pinoy are! Let’s check the top 10 Richest Filipinos:

1. Henry Sy

Networth: $3.8 billion
Age: 84
Marital Status: Married, 6 children

Business: Investments in SM and Banco de Oro Unibank

2. Lucio Tan

Networth: $1.7 billion
Age: 75
Marital Status: Married, 6 children

Business: Fortune Tobacco, Asia Brewery, Philippine Airlines and Hong Kong properties

3. Jaime Zobel de Ayala

Networth: $1.2 billion
Age: 75
Marital Status: Married, 7 children

Business: Chairman emeritus of family’s Ayala Corp

4. Andrew Tan

Networth: $850 million
Age: 57
Marital Status: Married, 4 children

Business: Megaworld, Philippines’ McDonald’s franchise, Alliance Global Group

5. John Gokongwei

Networth: $720 million
Age: 82
Marital Status: Married, 6 children

Business: Shares of his conglomerate JG Summit, Robinsons retail department store operation

6. Tony Tan Caktiong

Networth: $710 million
Age: 59
Marital Status: Married, 3 children

Business: Jollibee Foods

7. Eduardo Cojuangco Jr.

Networth: $660 million
Age: 74
Marital Status: Married, 4 children

Business: Chief executive of Southeast Asia’s largest food and beverage conglomerate, San Miguel.

8. Enrique Razon

Networth: $620 million
Age: 49
Marital Status: Married, 2 children

Business: International Container Terminal Services, National Grid Corp. of the Philippines.

9. Manuel Villar

Networth: $530 million
Age: 59

Marital Status: Married, 3 children

Business: Vista Land & Lifescapes and Polar Property Holdings

10. George Ty

Networth: $515 million
Age: 76
Marital Status: Married, 5 children

Business: Metrobank

There you have the top 10 Richest/Wealthiest Filipino as of 2009! Do you dream to become one of them? Like a millionaire perhaps? Well, all we need to do is to ACT to be one.

If you want to read more, please visit, Pinoymoneytalk.com

Do you still doubt that you could earn money online (internet)? Heard of Google Adsense but is so skeptical or just so hopeless with it? That’s what I’m thinking for about 2 yrs and 6 months! Well, not now, just received my first google adsense payout thru Western Union. Finally, I can say that it’s true!

Thanks to google for such great advertising and publishing program. This is one passive income that anyone can have! I know, there are many out there who are earning big bucks thru google adsense, they are just so lucky enough to be receiving every month with thousands of cash or even becoming an instant millionaire-passive income.

What is Adsense?

AdSense is an ad serving application run by Google Inc. Website owners can enroll in this program to enable text, image, and more recently, video advertisements on their websites. These advertisements are administered by Google and generate revenue on either a per-click or per-impression basis. Google beta tested a cost-per-action service, but discontinued it in October 2008 in favor of a DoubleClick offering (also owned by Google).- Wikipedia

How it Works?

• The webmaster inserts the AdSense JavaScript code into a webpage.
• Each time this page is visited, the JavaScript code uses inlined JSON to display content fetched from Google’s servers.
• For contextual advertisements, Google’s servers use a cache of the page to determine a set of high-value keywords. If keywords have been cached already, advertisements are served for those keywords based on the AdWords bidding system. (More details are described in the AdSense patent.)
• For site-targeted advertisements, the advertiser chooses the page(s) on which to display advertisements, and pays based on cost per mille (CPM), or the price advertisers choose to pay for every thousand advertisements displayed.[9][10]
• For referrals, Google adds money to the advertiser’s account when visitors either download the referred software or subscribe to the referred service.[11] The referral program was retired in August 2008.[12]
• Search advertisements are added to the list of results after the visitor performs a search.
• Because the JavaScript is sent to the Web browser when the page is requested, it is possible for other website owners to copy the JavaScript code into their own webpages. To protect against this type of fraud, AdSense customers can specify the pages on which advertisements should be shown. AdSense then ignores clicks from pages other than those specified.

-wikipedia

What niche to target?

Personally, on my observation, it’s best that your site caters to a certain niche. Example: sites dedicated solely about money, credit, cars, travels and hotels, food, celebrities, religion, gadgets, book reviews, etc. It has something to do with relevant contents that you publish in your site. Some niches mentioned above might generate high-paying ads.

So far, sites with contents related to financials, health, cars and credit cards have high cost per click ads. Of course, it’s important that your site has high traffic or the number of visitors that might stumble or be directed to your site. The many visitors/readers, the greater chance that they will click on our google ads with related topics on what they search online. It’s good to maintain a good content and utilization of certain keywords.

How to utilize keywords?

If you have travel a site, you may explore the use of keywords related to it such as travel, tours, hotels, hostel, trip, vacation, flight, tourist, destination, etc. Many people are searching these terms in google.
You have to observe on what they call Keyword density. This means the many times you use the keyword in your article. It’s computed by dividing the total number of keyword used over the total number of words in the article. It is recommended that you maintain a 3% keyword density. Example, the word: travel. It should appear thrice (3x) in article of 100 words.

It’s suggested that the word may appear in the first sentence of your paragraph, anywhere in your middle paragraph, and in the last sentence of your last paragraph. Basically, just fairly distributing the keyword all throughout the article.

This is just one of the many Search Engine Optimization (SEO) techniques in making use of google adsense. Just simply have your own site on a particular niche. Learn the basic of adsense and it’s techniques. Voila! You have now your own passive income online thru google adsense. Will be discussing more on SEO and adsense tips and secrets to be shared to you. Good luck!

-Bullish Trader

Do you want to know how Compound Interest works for your money? Do you want to know how to double your money for a period of time say in years? Do you know about the RULE of 72? Do you want money work for you instead you working hard for the money? Do you want to get wealthy? Knowing the secrets of the wealthy is in your hand! Please read below:

Trivia:

“Albert Einstein called compound interest as the 8th wonder of the world and mankind’s greatest invention, because it is the mightiest force ever unleashed for the amassing of wealth”

How is Rule of 72 computed?

- It is dividing the value of 72 by the interest rate per period to estimate the number of years it takes for your money to double.

Example: If you have Php 100. When will this become Php 200?

Answer: W e have to apply the Rule of 72 and in depends on the interest rate where you put your money at.

* Scenario 1: Bank- it will give your money 1% interest rate per annum. But consider taxes, it might give you less than 1%, say .66% perhaps. This is on regular savings. You may get 4% interest rate per annum if you put your money in time deposit in the bank. Computation: 72/1=72. It means, it will take 72 years for your Php 100 to become Php 200.

* Scenario 2: Bonds- these are certificate of indebtedness issued by the government or any company who wish to borrow money from you with the promise to pay you out after a certain period (say 3 years) with a guaranteed interest rate. This is SECURED and NON-RISKY investment of your money. Most of them will give you 4% to 6% interest only per annum. Way better than 1% right? Let’s take at 4%. Computation: 72/4=18. It means, it will take 18 years for your Php 100 to become Php 200.

* Scenario 3: Stocks/Equity- these are shares or certificate of ownership issued by companies or corporations if you acquire a portion of their outstanding shares offered to the public. This is a risky investment but it may give you more than 12% or let’s say 100% or 200% or more of your money! But taking the risk is ok if you know how to manage your investments. Let’s take 24% rate of return. Computation: 72/24=3. It means, it will take 3 years for your Php 100 to become Php 200.

* Scenario 4: Mutual funds- it allows many investors (individuals, banks, companies, etc.) to pool their money and Professional Money managers will invest it in a diversified portfolio of securities (bond and/or stocks). It is recommended for NEWBIES who wants to try the stock market. It is “quite” non-risky or may be risky. So, it’s important to know what mutual fund to invest in. It may give you like 8% or more. It depends on how your Professional Money managers invested your money to give you the highest return possible. Let’s take 8%. Computation: 72/8=9. It means, it will take 9 years for your Php 100 to become Php 200.

There you go, that’s the power of Rule of 72. It is easy to compute. Now, you know already where to put your money to double it! It’s just choosing the options above, if you have questions or suggestions, you may leave a reply below or go to our FORUMS or chat with ME.

If we want to achieve our financial goals, then we must start to save as early as possible. And that is NOW! The earlier we started our savings attitude, the more possible we can achieve our
financial goals.

We are used with this equation, INCOME – EXPENSE = SAVINGS. This is the scenario given above. As long as we received our paychecks, we spend it on a lot of ways. Whatever left from our expenses is our savings. I always believe in the concept of ‘delayed gratification’. That is, we delay our satisfaction in order to prepare for a future goal.

And this is where we need to save wisely. We need to arrange our equation. Instead of the equation written above, why not use INCOME -SAVINGS = EXPENSE. In this scenario, we pay ourselves first more than anything else. Each time we received our paychecks, we set aside a portion of it to our savings. We treat SAVINGS as an EXPENSE.

Savings is the most important of all expenses because it buys the most important thing - YOUR FUTURE.
Read more…

Becoming a millionaire involves discipline, hard work, and financial education.

Based on the book entitled “The Millionaire Next Door” in which the authors conducted a study on how millionaires live, we can deduce what these millionaires undertook to achieve their “millionaire” status. And will summarize it together will all the lessons I learned on how to become a millionaire.

MILLIONAIRES ARE FRUGAL INDIVIDUALS:

Millionaires know how to pay themselves first. If you are an employee like me, the first thing you should do is to pay yourself first whenever you received your paycheck. Set aside enough savings first before you spend the rest. Use the equation INCOME minus SAVINGS equals EXPENSES.

A good way to know how much you should save is by using the universal rule called Pareto’s Principle of 80/20. In business, you must put most of your efforts on the 20% that bring in 80% of the income. In saving, 80% of your savings come from 20% of your frugal living. In other words, you should live within 80% of your income and set aside at least 20% of your salary every payday.

Read more…