Top 10 Ideas on How to Increase Cash Flow for OFW

23 Saturday Aug 2014

Posted by Dexter Panganiban in Daily Dose

Tags

AIM Global, E-Store, investment broker, MLM, Multi-Level Marketing

Investing is something that most of us really want to do, but what if we have problem on your cash flow. Your available cash might just be enough for your daily needs. Here are some suggestion where you can increase your cash flow while oversees.

Buy and Sell. During you vacation you can buy stuffs in Philippines and sell in the country where you are. The key here is to know the items that cannot be found in the country where you are working or it is hard to find. In addition you need to know if those items are not restricted into that particular country.
You may be a blogger and become publishers. If you can write articles, you may earn from your ideas through blogging. Blog earnings may come from advertisers.
If you are a good speaker, you can host seminars or paid webinars.
You can start joining MLM (Multi-Level Marketing) or products with networking scheme. The good thing in networking is the possibility of having a passive income if done right. It only requires a very small capital. Recently, I joined AIM Global to explore the possibility of Passive income through networking.
Make E-books and sell them online.
You can do freelance internet works such as making websites, programming and more.
You can be a virtual assistant in your free time.
Be an investment broker and earn commission from it.
You may start you own E-Store and let your family in the Philippines handle the logistics.
Become a tutor.

There are lots of things that you can do if you really want to increase your cash flow. But all things mentioned above is not easy as it looks. It needs proper training and time management. But you can leverage your time. You can assign some task and earn from those through leveraging your time. You need to remember that you can also earn through the ability of other people.

Upon increasing your cash flow don’t increase your expenses. Self-discipline is also needed if you want to start investing.

IMG (International Marketing Group) Review and Reasons in Joining

08 Monday Apr 2013

Posted by Dexter Panganiban in Daily Dose, Personal Financing

≈ 32 Comments

Tags

Family Financial Security., Financial Freedom, IMG, Insurance, International Marketing Group, Mutual Funds, Non-life Insurance, OFW, Real State, Saudi Arabia, Stock Market, Truly Rich Maker Group

First of all I need to introduce you to IMG which means International Marketing Group. IMG is a marketing company that is dedicated to serving the financial needs of individuals and families from all walks of life. They also conduct FREE Financial Literacy Seminar to educate people on how to manage their money. In Philippines, members can get the full set of FREE seminars in the Head Office.

Even I am in Saudi Arabia, I have completed the 2 FREE Seminars customized for OFW which is being conducted by IMG wealth Academy. I am also being mentored by Fely Santiago, of the IMG – Truly Rich Maker Group.

Yup, IMG also exist in Saudi Arabia.

IMG helps people makes critical financial decisions that can help move them from where they are to where they want to be. The 2 seminars give details about the importance of 6 steps to Financial Security.

Through the seminar, listener would be able to understand about the importance of financial planning and how your present situation could affect your future.

I have learned through that seminar that, there is a high percentage of OFW, which are not financially literate and ended up working in Saudi Arabia for a long time without any goal in life.

There were also times that an OFW who resign from his work in Saudi Arabia, ended up having a misery life because he was not able to prepare for his future. It is also sad to know that there are some Filipinos who work in Saudi Arabia for a long time, 15 years perhaps, and retiring poor in Philippines. Those OFW did not think about their future but instead, spend all their money on wants and not on needs needs. It is one of the reasons also why I joined IMG, to have a planned financial future.

In IMG they make sure that your practice what you preached.

This is the Common Pinoy Financial Mistake as mentioned in the seminar:

Overspending / Not Living Within One’s Means
Credit Mismanagement
Overly conservative in Investing Money
Lack of Financial Education

Our mission is To Make Your Family’s Dream into Reality. We are committed in helping families achieve your dreams, through our business opportunity, as well as our products and concepts.

Actually IMG is a one- stop shop, for every Financial Investment Vehicle that Filipino may need. Ranging from Insurance, Mutual Funds, Stock Market, Real State, Non-life Insurance and more.

You could actually earn form your own investment portfolio.

I could actually see a big business potential with-in this company, members will not only be financially literate, but will also be financial secure during retirement age.

IMG is teaching individual on how to have a strong foundation about financial security.

Perhaps this link could give you more idea about the company – http://img-corp.com/company.php

I know I have lots to learn from the company, but I believe that I have made a step towards my Family Financial Security.

I have been in Saudi Arabia for 10 years, and If I only became financial literate long time ago, I would be probably a millionaire and a big time investor by now.

I always believe in Proverbs 19:21

Many are the plans in a person’s heart, but it is the LORD’s purpose that prevails

As well as Jeremiah 29:11

For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give you hope and a future.

That is why I know that being financially prepared is the will of the God. God doesn’t want us to be poor during our retirement age.

Do you want to learn more about the IMG and Wealth Academy and how you can attend the FREE Financial Literacy seminars? Then just enter your details below, and I will contact you as soon as possible. If you are not within my vicinity, I will let our IMG associates contact you as soon as possible.

You could be in any part of the world.

And as I detailed my journey to Financial Freedom, I will continuously update our readers of my journey to Financial Security.

Red Market Last Week, Is Your Investment Affected?

17 Sunday Mar 2013

Posted by Dexter Panganiban in Daily Dose, Personal Financing, Stock Market

≈ 3 Comments

Tags

Bear Market, Financial Literacy, Highest gain, Investing, Riskiest Investment, Stock Market

It’s Sunday, and no trading day, a day that was agreed by many in the Philippines as the day of worship and is the time to contemplate with our Lord. Remember that we are just a steward of his blessing and whatever the Philippines is experiencing about its great economy is God’s plan for Filipinos.

Last week Philippine stock market have experienced a “Red” mark. (Just for information “Green” means gain and “Red” means lost). According to the news , it was due to the weak banking sector that makes the market “Red” last week. Many have taken their profit due to non-availability of good news as cited in the news. Remember that I have told you that news could affect the price of the stock. So what was your strategy last week?

Many might ask, is this the start of the so called “bear market“? Do I have to sell my MBT? BDO? or other stocks? As always it is still the decision of the stocks holders. Nobody is responsible for your stock but the owner. Let me also remind all of our readers that stock market is the riskiest investment in the market but also an investment instrument that could give the highest gain. More risk means more possibility of gain. Below is my take in those question.

50% of my portfolio is in banking sector so, my portfolio was affected. But did I sell last week? My answer is “NO”. I believe it is just a correction in the market. But this also reminds me of “diversification”. My portfolio should be diversified so that when 1 sector like banking is affected, my whole portfolio will not be affected.

I also believe in Long Term Investment that is why I am not affected with the ups and down of the market. It’s all about mind setting.

If I had more funds, I would be buying more since I believe that the majority of the blue chips stocks are now on sale. This is a very good opportunity to buy since an investor could buy more stocks with the same amount that he could be spending about 2 weeks ago.

We will see if the market will still have its correction tomorrow.

To those OFW who have not yet started investing, you need to think again and always remember that we need to be prepared for our family future. But first of all you need to have Emergency Fund before investing and control your expenditures buy knowing about Good Debt and Bad Debt. Increase your financial literacy.

God provides, and this is 100% true and God will give His provision to those who have vision.

Proverbs 22:3

The prudent see danger and take refuge, but the simple keep going and pay the penalty.

To those who have just visited this site, I would recommend you watching the full session of the Pesos and Sense and know how to start investing in the stock market

Image Credit : Philstar.com

How to Add Funds to Your Stock Broker?

07 Thursday Mar 2013

Posted by Dexter Panganiban in Daily Dose, How To

≈ 2 Comments

Tags

COL Financial, Colfinancial, Internet Banking, Metrobank, Newbie Investor, Personal Finance, Stock Market

First of all, stock broker is the agency who buys stock for us, investor. I have an account with COL Financial and therefore the instruction mentioned herein is based on my experience with COL Financial.

I have told you before that I am an OFW, in Saudi Arabia whenever we send money to Philippines in a single account we have to pay SAR 18 (Approximately Php 200) so if we are not wise enough and we will send our funding through this method we will already loose some of our capital.

So how do I send funds to my COL Financial account? It’s easy I use online banking from my bank in the Philippines. In my case I am using Metrobank as my financial hub. I send money to my Philippine Bank Account (Metrobank) and from there I will distribute my remittances, credit card payment, including funding to ColFinancial. So in this case I am only paying once in sending money from Saudi Arabia to Philippines. But there is a catch, In Saudi Arabia, there is a certain limitation on the amount of money that we can send to Philippines depending on our work permit. In my case I don’t have problem since my visa category have high limitation.

We have also checked the BPI Pinoy online banking and I can confirm that they have the capability of sending funds to COL Financial.

For COL Financial users, you just have to get your user id and place it in the space provided by Metrobank (Subscriber/Account No.) . After your first transaction it will now be located in your banks dashboard and all you have to do Is just to choose this in the option.

So here is the guide:

1.) Press Pay Bills

2.) Go To Special Bills

3.) Look for Col Financial Group Inc. and Enter your account number

4.) Enter your desired amount

5.) Put your phone number and then wait until it will appear in your Col Financial Dashboard (Better expect the transfer to be done within one day)

It would be faster if you will inform Col Financial and send them a screen copy of your payment.

You may also want to check my post in my other blog: How Online Banking System Can help OFW

Metrobank Screen Capture

I have been doing Internet banking for more than 9 years and I could say that I did not face any problem with Metrobank. They are strict when it comes to adding beneficiary since you have to do it on your local branch. But in funding your COL Financial you don’t have to go to the branch in order to add them in you bills payment.

For those asking about bank charges, I have not seen any deduction in any of my transfer to COL Financial.

Invest and Get More Source of Income To Increase Your Giving

13 Wednesday Feb 2013

Posted by Dexter Panganiban in Daily Dose, Personal Financing

≈ 4 Comments

Tags

Chinkee Tan, Giving, Investing

Increase Your Giving

A pleasant day to all our readers, I Just want to give all of you some insights about investing and giving.

From the time I learn about Financial Literacy and Investing, I make it a point that I will NOT stop being generous to those who are in need. I believed that when I give, I am also investing, because this is what the bible teaches us. We need to understand that we don’t have to be ruled by money but instead we have to rule our finances. That is why giving is always in my formula.

Salary – Giving (Tithing) – Investment = Expenses

I want to share you what I have read from Rich God Poor God book of Ptr. Chinkee Tan;

Sixteen of the 38 parables deals with possession and money. The Bible has 500 verses both on prayer and faith but more than 2350 verses on money and possession. There are more than 2,350 verses on money and possession. there are more verses that relates to money and possession than heaven and hell combined.

So money must be important that is why it has been given emphasis in the bible. Lord want’s to warn us on not to be controlled by money.

I believe that even you have lot’s of investment and you know your action plan in investing but you fail an important thing which is to give, you will not succeed. I also believe that I need to start investing and get more sources of income so I could start giving more. Not only to my family but also to other people who will be in need.

I also believed that we are being blessed so that we can bless others. Whatever faith we have, I believe that giving is a general teaching that all people should adhere.

I also believe that poor people will have a hard time to give because they don’t have source to give, we can only give if we have something to give. Motivational speaker like Zig Ziglar, Robert Kiyosaki, John Maxwell and more also teaches that giving is important in our financial life.

Believe that everything on earth is from God as mention in Genesis 1:1, And Our God is able and willing to bless us more to increase our habit of giving.

Don’t forget to sign in our mailing list to be informed about our latest post.

Picture Credit : stleodegarshunston.co.uk

How to Start Investing?

09 Saturday Feb 2013

Posted by Dexter Panganiban in Daily Dose, Stock Market

≈ 3 Comments

Tags

COL Financial, Investing Question, Mutual Funds, Newbie Investor, Stok Market, UITF

This is the same question that I got one year ago, when I saw a blog post and Facebook group comments last year.

I started investing in Stock Market about a year ago. If you do not know how to start stock market better check my post on “How to Start on Stock Market”. Starting in investing is all about mind setting, you have to make a mindset that there is no business without risk and if you don’t want to take risk you cannot gain.

There are lot of ways to start in investing and it depends on your risk appetite. If you are not a risk taker and you do not have any mentor or you are lazy to study on how to invest, I would suggest starting in mutual fund. In mutual fund there will be a fund manager who will take care of your finances. They have the full discretion on where to put your money. By the way Mutual Fund is not a risk free investment. But risk is lower than going to stock market by yourself.

You may also check your banks for UITF (Unit Investment Trust Funds).

As of now I don’t have any investment in Mutual Fund but I am planning to take a mutual in the future as part of my diversification. It is a decision, to do it by my own for the mean time that is also the reason why I made an account with COL Financial.

I have also read a lot of book saying that an emergency fund (3 to 6 months equivalent of your monthly expenses) needs to be establish first before investing as well as insurance coverage. But as of this time, I have not made any insurance which I also plan to take this year.

As a start, I make it a point that I have updated my SSS and my other small insurance coverage.

I am considering my Stock Market Funds as my emergency fund since it is a liquid investment that I can take out anytime in the future if need arise.

As a new investor or would be investor you need to change you financial formula from:

Income – Expenses = Saving Investment

Income – Tithing – Savings & Investment = Expenses

I believe that we need to give our tithes for the work of God’s ministry in the earth. I always believe that the bible is the source of information about investing. It is also what Zig Ziglar, Robert Kiyosaki, Bo Sanchez, Chinkee Tan and Other known book author believe.

I also suggest joining forum, Facebook group for mentoring purpose. There are lots of Facebook group who have very helpful members who are there to answer you basic question for free. And don’t forget to join our mailing system for you to be updated on our post. I am planning to be more active in writing on this blog.

My 10 Year Old Son is Now an Investor

29 Thursday Nov 2012

Posted by Dexter Panganiban in Daily Dose, Personal Financing

≈ 6 Comments

Tags

Bloomberg Application, Blue Chips, Citiseconline, Penny Stocks, SMPH, Speculative Stocks, Stocks, Warren Buffet

Image Credit: pse.com.ph

I started doing investment in stock market last January 2012, and now since Asian economy is booming my portfolio have increased 15% from my capital. You might say that 15% is low if the market is booming and you are right. It is actually low since I am doing trading before rather than investing. When I tried stock market I don’t know the difference between trading and investing, I thought it’s just the same. Through reading, I came to know that trading is like gambling and it is really dangerous while investing is saving for the future by trusting the company where you put your investment.

Speculative stocks or penny stocks are the stocks loved or hated by the traders while blue chips stocks are investor’s baby. When I say blue chips stocks it means big companies who have an increasing price based on their history. It is a stable company which are normally suggested by brokers like Citiseconline.

Daily while I am bringing my son and daughter to their school, investment is one of our discussions. So yesterday, when I and my son are chatting, he decided to invest his savings to the stock market. My 10 year old son decided to put his 80 Saudi Riyals (850 pesos) in my care by investing to SMPH (I ask him to choose from MBT, BDO, MPI and SMPH). Since I do hold some stocks position at SMPH, I sell part of my stocks to my son at the amount of 15.12 pesos (It is just an internal agreement since he cannot have an account in Citiseconline at his age). My son also decided to give his monthly saving to me in the future to add up is portfolio. He has also installed Bloomberg Applicationon his iPad to monitor the movement of his stocks.

There was a time that me, my wife, and my son is watching Warren Buffetinterview, we have learned through that interview that Warren started doing investing in the stock market at the age of 11. I told my son that if Warren started at 11 and he can start at 10 there is a big chance that he will also be a billionaire like him. And I saw a smile in my son’s face.

So if my son is now eager to learn the stock market at his early age, why don’t you start learning how to invest also? If only there are people who teach me about investing at my early age, I would have been an investor at my early age.

Update: I came to know about ITF From COL which enable my son to have his own account, I will study and inform our readers in the future.

Hindrance for Time Investment

14 Tuesday Aug 2012

Posted by Dexter Panganiban in Daily Dose

≈ Leave a Comment

Tags

Investment, Time, Time Management

Finding time to learn is also a type of investment. You invest your time and strength to be able to gain knowledge. This knowledge could be used to start your own business. We need to use our time wisely to get the proper information on the things that we need to learn ( I call it time management) . There are times that we are eagerly trying to learn something but we are being side track by other things on the net which make us out of focus on our main objective.

In investing we need to make sure that we set our goal first and we stay focus on our objective.

Here are some of the things that could usually make you out of focus while doing research through the internet.

E-mail
Facebook
Ads in the net
Chat or any Messenger

If you could avoid those things mentioned above you could be able to finish your task which is learning.Learn to manage your time well and avoid destruction. Stay Focus on your goal.

Pinoy Investment Guide

~ Learn on my Journey in Learning About Investing

Category Archives: Daily Dose

Top 10 Ideas on How to Increase Cash Flow for OFW

IMG (International Marketing Group) Review and Reasons in Joining

Red Market Last Week, Is Your Investment Affected?

How to Add Funds to Your Stock Broker?

Invest and Get More Source of Income To Increase Your Giving

How to Start Investing?

My 10 Year Old Son is Now an Investor

Hindrance for Time Investment