Tag Archives: easy money

NMSJ Episode 3 Sneak Peak

Noong Linggo, sa ikalawang episode ng Nang Magising si Juan (NMSJ), sinusubukang intindihin ni Ariel, ang bida ng programa, kung ano ba talaga ang kalayaang pinansiyal. Ngunit mali ang kanyang pananaw na ang pinakamainam na paraang para lumaya sa kakapusan ay ang umasa sa ibang tao na susuporta sa kanya. Binubuhay niya ang kanyang sarili sa ganoong paraan; sinasamantala ang kabutihang-loob ng ibang tao para bigyan siya ng pera. Nakipag-date pa nga siya sa isang maganda at edukadong babae nang dala-dala ang ganitong intensiyon. Siyempre, iniwan siya agad ng babae. Hindi mo rin ba gagawin ito kung ikaw ang nasa kanyang kalagayan?

 

Sa ikatlong episode sa Hunyo 1, makikipag-date si Ariel sa isa pang babae at magkakaroon ng marami pang usapan kasama si Brod Pete na inutangan niya. Nagpupunyagi si Ariel sa pera, at nagiging mas malinaw ito nang dinala ni Ariel ang kanyang “crew” sa PLDT, kung saan talaga siya nagtatrabaho. Ang kanyang trabaho sa katuwaang programang “Feeling Close ni FJC” ay part-time lamang. Nakapanayam ang kanyang tunay na boss at magbibigay siya ng mas marami pang detalye tungkol kay Ariel bilang isang taong may maling kaisipan tungkol sa pera. Matatapos ang episode sa pagdedesisyon ng Colayco Foundation for Education na kunin si Ariel para gabayan at kung paano ninais ng sansinukuban na mangyari iyon.

Manood ng Nang Magising si Juan tuwing Linggo, 8:00 am, sa GMA News TV.

Dapat Gawin Kung Hindi Kayang I-Maintain ang Biniling Condo

ni: Francisco J. Colayco

unang lumabas sa Bulgar noong ika-11 ng Mayo, 2013

SA katunayan, huling down payment ko na po ito. Ang kasunduan kasi ay babayaran namin ang down payment nang hulugan sa loob ng isang taon. Makukumpleto na namin ang ika-12 na bayad sa ika-20 ng Mayo. Regular kaming nakakapagbayad. Ayaw ko kasing masira ang pangalan ko sa developer at sa bangko.

Naliwanagan nga po ako sa mga ibinigay ninyong mga tanong. Sa kasalukuyan po kasi wala kaming rentang binabayaran dahil ibinigay lang po sa amin ng aking mga magulang ang apartment unit na tinitirahan namin.  Pangalawa po, libre po ang pag-aaral ng mga bata dahil doon sila mag-aaral sa public school system.  Gagabayan ko po ang mga anak ko sa mga assignment at project nila.  Pangatlo po, hindi ko na kailangan pang gumastos ng malaki sa transpo dahil napakalapit ng bahay namin sa trabaho ko.  Naisip ko na mas maraming benepisyo ang manatili kami sa aming kasalukuyang tirahan kaysa lumipat sa isang lugar kung saan hindi ko naman alam kung anong magiging buhay namin.

Naisip ko rin po na mas malaking sugal kung itutuloy ko ang bahay na hulugan. Mas maigi na mawalan ako ng Php180,000 ngayon, kaysa naman magbayad nang mas malaki sa loob ng ilang taong paghuhulog. Mas malaki ang malulugi sa amin kapag tinuloy ang pagbili niyon. Hindi naman po kami nagsisisihan ng asawa ko dahil naisip namin na maaari pa rin naming kitain ang nawalang Php180,000. Iipunin na lang namin ang aming pera at ilalagak sa mga investment instrument.  Kumbaga po, gagawa kami ng sarili naming “Land Fund” para makabili kami ng lupa na pagtatayuan ng apartment.

Nagpapasalamat po ako ulit sa inyong mga tanong.

Naliwanagan po ako nang husto.  

May gusto rin po akong ibahagi. Sinunod ko po ang payo ninyo na maging maisip sa mga ginagastos. May nahanap po akong magandang app na tinatawag na Expense Manager. Sa tulong nito, madaling bantayan ang pagpasok at paglabas ng pera. Natuklasan ko na hindi talaga ako maluho.  Kaso nga lang, mahilig talaga akong mag-taxi kaya malaki rin ang gastos ko sa transportasyon.

 

Ito ang sagot ko sa ikalawang email:

Salamat sa pagbibigay liwanag sa aming mga tanong. Naiintindihan namin na ayaw mong masira ang reputasyon mo pagdating sa utang. Magandang hangarin ito. At siyempre naman, kikitain niyo uli ang Php 180,000. Pero baka may mga legal na hakbang na puwede ninyong gawin upang hindi masira ang inyong pangalan dahil lamang sa hindi niyo itutuloy ang pagbili ng unit. Tandaan na isa kang ahente.

 

Pinapayo namin na basahin niyong nang maigi ang dokumentong pinirmahan ninyo. Baka puwede ninyong ibenta ang unit sa isang bagong buyer na siyang magbabayad ng natitirang balanse. Posible pa kayong kumita (kung halimbawa tumaas ang halaga ng bahay at lupa) dahil mababawi ninyo ang down payment sa pamamagitan ng isang bigayan (lump sum) o installments sa loob ng panahong mapagkakasunduan ninyo ng bagong buyer.

Maraming salamat sa pagbabahagi ng app na matatagpuan sa: http://download.cnet.com/Expenses-Manager/3000-2066_4-10977372.html

 

Natutuwa kaming nakatutulong sa iyo ang app. Gusto ko lang ipaalala na itinuturing pa ring luho ang pagsakay sa taxi, maliban na lamang kung walang ibang transportasyon na magagamit o kaya ay bumubuhos ang ulan at mababasa ka.

 

“Nang Magising si Juan” Episode 2 Trailer

ni: Francisco J. Colayco

Noong Linggo, pinalabas na namin an gaming pinakabagong programa sa telebisyon, ang Nang Magising si Juan. Nakatanggap kami ng napakaraming positibong puna tungkol sa programa, mula sa mga tagasunod namin sa Facebook. Masayang-masaya akong naintindihan ng mga manonood kung tungkol sa ano ang programa: isang tawag na gumigising para umaksyon.

Sa unang episode, nakita niyo ang kalagayan ni Ariel pagkatapos ng kanyang kasikatan. Lubog siya sa utang, ngunit itinatanggi niya ang kanyang kalagayan. Ipinapakita niya ang sarili bilang magarbo ngunit nagiging “wais.” Isa siyang “script-writer” para sa aking programang, “Feeling Close with FJC.” Sa isa sa mga usapan namin, sinabi ko sa kanyang itanong niya itong simpleng tanong kapag gigising siya tuwing umaga: “Magkano ka ngayon?” Mula rito, nagsimula ang kanyang pakikipagsapalran patungo sa pinansiyal na kaalaman at kalayaan.

Ang episode noong Linggo ay simula pa lamang. Marami pang ipapakita sa mga sumusunod na episode, kung saan susubukang gawin ni Ariel ang lahat ng mga aral at payong matatanggap niya mula sa akin at sa iba pang miyembro ng Colayco Foundation team (nang may nakakatuwang kinahihinatnan, siyempre).

Ipapalabas ang ikalawang episode ng Nang Magising si Juan bukas, ika-25 ng Mayo. Panoorin niyo ito para tingnan kung ano ang iyong dapat abangan:

Manood ng Nang Magising si Juan tuwing Linggo, 8:00 am, sa GMA News TV!

Warning sa Gustong Pag-Aralin ang GF!

by: Francisco J. Colayco

unang lumabas noong ika-4 ng Mayo, 2013 sa Bulgar

GUSTO kong pag-aralin sa kolehiyo ang girlfriend ko pero wala kaming sapat na pera. Mayroon po ba kayong alam na mapagkukunan ng pera para mabayaran ang tuition sa kolehiyo? Saan kaya puwedeng umutang para sa edukasyon. Mayroon bang nagpapautang nang ganoon?

 

Bago pa man ang lahat, kailangan mong maunawaan na gaano man kalalim ang pagmamahalan ninyo ngayon, ang relasyon ninyong dalawa ay hindi pa nakataga sa bato. Nariyan ang posibilidad na hindi kayo magkatuluyan. Sa kasamaang palad, maaaring magwakas ang relasyon ng isang tao sa kahit kanino. Naghihiwalay ang mga mag-asawa, nag-aaway ang mga magkapatid, minsan itinatakwil ng mga magulang ang kanilang anak, at iba pa. Pero sa mga relasyon na iyon, nanatili pa rin ang ugnayan bilang magkadugo at magkapamilya; sa kaso ng naghiwalay na mag-asawa, naiiwan ang ugnayang legal. Pero sa kaso niyong dalawa ng “girlfriend” mo, wala kayong matibay na panghahawakang sa isa’t isa.

Kung naghahanap ka ng loan para sa edukasyon ng gilfriend mo, posibleng wala kang sapat na pera. Kaya siguro, mas mainam na ituon mo ang iyong atensyon sa mga pinansiyal na hangarin para sa iyong sariling personal na buhay. Kung angkop ang edukasyon ng iyong girlfriend sa iyong mga personal na hangarin, saka mo pagdesisyunan kung handa kang tustusan ang pag-aaral ng girlfriend mo bagama’t mulat ka na may panganib itong kaakibat.

Malaking obligasyon ang magpaaral sa kolehiyo. Nariyan ang panganib na hindi niya ipagpatuloy ang pag-aaral o kaya ay bumagsak siya. Pero, kung sakaling hindi niya matapos ang pag-aaral, hindi naman masasabing sayang lang ang lahat dahil posibleng may natutunan pa rin siya. Ang hamon sa kanya ay masigurong magagamit niya ang mga natutunan (kahit na maaring kaunti lamang ito) sa kanyang buhay, lalo na sa kanyang kakayahang kumita ng pera. Dahil sa bandang huli, kaya siya nag-aral ng kolehiyo upang magkaroon siya ng pagkakataong kumita nang mas malaki.

Karaniwang may mga scholarship na tumutulong sa pag-aaral. Siyempre, kailangan ng matataas na grado sa High School at kailangan ring pumasa sa mga mahihirap na college entrance exam. Tapos na ang mga ganitong exam para sa parating na Taong Pang-akademiko. Isinagawa ang ganoong mga exam noong mga nakaraang buwan at limitado ang mga scholarship. Malamang, kahit na may scholarship, kailangan pa rin ng karagdagang pera para matustusan lahat ng gastos sa kolehiyo.

Kung mayroon kang pera para sa buong kurso (2 o 4 na taon) at kailangan mong umutang ng halagang kaya mong bayaraan agad, maaari kang lumapit sa Social Security o subukang bumisita sa www.lenddo.com.ph.

Posible rin namang kumuha ang girlfriend mo ng maiksing kurso tungkol sa kanyang mga interes. May mga maiksing kurso na mas mura at makatulong sa kanyang makakuha agad ng trabaho.

Ang aking bagong libro, “Easy Money Para sa Kababaihan” ay nakasulat sa Tagalog. Madali lang itong basahin at nagkakahalaga lang ng Php95. Baka gusto mong regaluhan nito ang iyong girlfriend. Tinitiyak kong marami siya ritong matututunan. Pumunta sa National Bookstore at sa ibang bookstore, o bumisita sa aming webste www.colaycofoundation.com.

 

Matuto at simulan ang iyong pakikipagsapalaran tungo sa yaman! Bisitahin ang www.onewealthynation.com para sa karagdagang detalye.

Women and Financial Independence

by: Francisco J. Colayco

Check this article that we had in the March 2011 issue of Illustrado!

 

Nang Magising si Juan Episode 1 (Sneak Peak)

by: Francisco J. Colayco

We had an event launch of our newest comedy-reality TV show, Nang Magising si Juan, last May 13. A hundred people from various media, corporate, and other entities attended the event. We were very happy with the turn-out and the reaction everyone had when they saw the first episode of Nang Magising si Juan.

So for the followers of my blog, here’s a sneak peak of the first episode:

Watch Nang Magising si Juan, as I and the other members of the Colayco Foundation team will try to help Ariel in his financial predicament. Catch it starting May 18, 8 am, at GMA News TV Channel 11!!!

Should Girlfriend and Boyrfriend Invest Together?

by: Francisco J. Colayco

I am RG, a fresh grad and still searching for a job. I have read 2 of your books (Wealth and Money). I am inspired to achieve financial independence the time I could no longer work.

Today, I have save money from my allowance when I was still studying. I have saved my money on savings deposit alone on one bank. My father is a salesman and my mother is a housewife. My family’s source of income is dependent on my father’s boss. I have two siblings and I am the eldest. My younger brother is a college student who is on his 2nd year while my youngest sister is a 5th grade school student. We have our own house in. The problem is that every time it will rain, our place experiences floods that will really get into our house. The tendency is that we will carry our things at the 2nd floor of our house. That is why one of my goals in five years is to buy my family a new home that will not be flooding anytime it will rain.

I wanted to ask if I m making the right decision to put a portion of my savings deposit to mutual funds and government bonds?

Another is that my boyfriend and I are saving money for our future use. Actually for our future anniversary celebrations although after reading your books I come to realize that it will be better if I will invest it. I ask him if it will be alright, and fortunately, he agreed. So, I would like to ask where can I invest it on one account where the two of us is the investor?

Want to know my answer?  Check out the Good News Pilipinas by clicking this link!

What Can a Widow Do with Her Money?

by: Francisco J. Colayco

CF Wrote: Can you teach me what to do with the money worth P200, 000.00 that my husband had left me. How can I grow this money so that I can continue to provide for my children who are still dependent on me. We live in the province.

I have four children. My eldest is already a nurse but is still jobless. The other three are still studying in college. The tuition fee of my children each year used to cost up to P108, 000.00 per year but, by next school year it would decrease to just P76, 000.00 because one of my children would be enrolled under TESDA. Their expenses, including their food and fare would cost up to P6,420.00 monthly. The other monthly expenses are the electricity bill P2,500.00, our water bill is about P400.00, the cable internet would P800.00 and the budget for the food would be P9,000.00 monthly.

I have no job and I only depend on my SSS pension worth of P7, 677.00. I am afraid that the money that I have kept would eventually run out because of our daily expenses.

I am thinking of building a small store here in our place but, we are inside a subdivision and not on the main road. There are already a lot of sari-sari stores here in our place. I also wanted to study how to bake so that I could sell pandesal every morning. I don’t know what to do first.

I hope you could advice me

Find out more at Wealth of Advice. Visit Good News Pilipinas at this link: http://www.goodnewspilipinas.co/can-widow-money/

 

CF Wrote: Can you teach me what to do with the money worth P200, 000.00 that my husband had left me. How can I grow this money so that I can continue to provide for my children who are still dependent on me. We live in the province.

I have four children. My eldest is already a nurse but is still jobless. The other three are still studying in college. The tuition fee of my children each year used to cost up to P108, 000.00 per year but, by next school year it would decrease to just P76, 000.00 because one of my children would be enrolled under TESDA. Their expenses, including their food and fare would cost up to P6,420.00 monthly. The other monthly expenses are the electricity bill P2,500.00, our water bill is about P400.00, the cable internet would P800.00 and the budget for the food would be P9,000.00 monthly.

I have no job and I only depend on my SSS pension worth of P7, 677.00. I am afraid that the money that I have kept would eventually run out because of our daily expenses.

I am thinking of building a small store here in our place but, we are inside a subdivision and not on the main road. There are already a lot of sari-sari stores here in our place. I also wanted to study how to bake so that I could sell pandesal every morning. I don’t know what to do first.

I hope you could advice me

– See more at: http://www.goodnewspilipinas.co/can-widow-money/#sthash.0QTxg8vQ.dpuf

Manggigising Na!

Airing on GMA News TV, Sundays 8:00AM beginning May 18, 2014

Produced by Colayco Foundation for Education, Inc. in cooperation with Red Ants Media. Supported by KsKCoop, Landbank of the Philippines, Chooks To Go, AurumOne Makati, and many more.

“Nang Magising Si Juan” is not your ordinary financial literacy program. This comedy-reality show is set to educate, relate, entertain and inspire by tackling common money issues every Filipino can relate to. This show not only teaches practical and doable financial management, but also promotes positive values and corrects wrong mindsets in and beyond the topic of money.

 

The driving point of the whole show is this: Beyond the how-to, it’s the essence, the core principles and the right attitude applied that can truly make a difference.


To further emphasize the importance of practical application of principles, this show features a social experiment on the show’s main character. The goal is to enlighten him and improve his financial situation. As a relatable character, the show aims to inspire the audience and send them the message, “Kung kaya niya, kakayanin niyo rin.”

 

“Nang Magising si Juan” is named as such because it directly reflects the perceptions, attitudes and habits of Filipinos and tries to serve as a wake-up call.  On the other side of the coin, this show also reinforces the value of getting up and actually doing something to achieve one’s personal goals and dreams.

 

The main character is Ariel Villasanta, a real-life comedian who got his share of the limelight and extravagant living but is now struggling with debt.  Refusing to come to terms with reality, he projects a flamboyant image and lives in a big house, but with no electricity. (To which he puts a signage on his gate for all his neighbors to see: “Support Earth Hour Every day!”)

 

His anxiety about his finances urges him to talk to the financial guru in the show he writes in, “Feeling Close with FJC”.  This show-within-a-show is a parody of a typical business & finance  show: stiff sofas, big potted plants, tacky background design and lounge music playing. This will be used as a platform to deliver the financial principles and techniques that Ariel will process throughout the show.  The show’s star, real-life award-winning financial guru Mr. Colayco, a wise but brutally frank man, corrects Ariel’s wrong perspectives and pushes him to change with challenging questions.

 

Along with other characters (played by non-actors), Ariel encounters different financial issues that plague the common Pinoy. Mr. Colayco gives practical advice and techniques in layman’s terms. Ariel puts some of it to practice, some he willfully ignores to do his own “diskarte”(not without amusing consequences of course).

 

In his journey to financial literacy and freedom, Ariel discovers that there’s more to managing wealth than just accumulating money and becoming rich. He also learns the values of self-discipline, hard work and even self-worth and generosity that improve his quality of life in a way more than money can.

 

Nang Magising Si Juan is open for commercial advertisements for more information email partnerships@colaycofoundation.com

Tips on How to Stick to Your Budget

by: Francisco J. Colayco

first appeared on GMA News Blog, Sept. 6, 2010

I have lately been getting quite a number of queries on how to make both ends meet. It seems to me that there is a growing desire among the general population to now take hold of their financial lives. This probably has to do with the credit card collection pressures that a good number of income earners are now being subjected to.

There is really no magical solution to this but to accept the reality of your present cash flow. And that simply means reducing your expenses and increasing your income. Easier said than done. And the first step is to budget one’s lifestyle.

Budgeting is always a topic that needs to be revisited. Nobody likes to have to think of a budget. It’s just wonderful to be able to just spend without having to look at the price tag. Fortunately, I have been programmed by what I have been teaching to look at the value for money of anything I buy.

When we were newly married, my wife did not even want to bring me along to do any marketing or shopping because she was afraid I would not know if the price item was too high compared to other stores. She was right, actually. Assessing the value of the prices of goods is really very dependent on practice. If you are not the one who regularly shops for certain types or products, chances are that you will not get the best price. That’s one tip for the family. Each member should be assigned to purchase certain types of products to make sure that the price is right.

Until you are wealthy enough not to have to look at the price tag, you need to have a budget. Let’s review the process of making a budget. Remember that it should always be written down.

You need to make your Personal Financial Plan before anything else. This means that you have a financial goal and you can only have goals if you know where you are starting. You need to know what you own (assets) and what you owe (loans or payables). There are formulas to compute how you can reach your goals. These are in my books or explained in the seminars we give or in our website.

After knowing your goals, you need a clear idea of your income. You need to know what your take-home pay is so you know exactly what you have to spend. Understand all the deductions made from your income whether you are an employee or self-employed. Even in your own business, you should pay yourself a salary and pay the necessary taxes and Social Security, Pag-ibig, Philhealth etc. Understand what kind of benefits you get from each deduction. Taxes are expenses that we all have to pay to run our country. The benefits are the roads, security and similar services that we get. Understand what benefits you get from Social Security, Philhealth and Pag-ibig because these are some kind of insurance or options for loans with reduced interest or even retirement.

Remember the principle: INCOME MINUS SAVINGS EQUALS EXPENSES. You already know your income as we discussed in the last article. Now make a simple list of your expenses.

Divide your expenses into those that are the same every month such as rent or loan amortization. Then, the others are those that change every month such as electricity, food. It becomes very clear that for the fixed expenses, you cannot easily reduce without doing something drastic. For example, you may need to move to another house if you want to reduce your rent or sell your house to remove your housing loan.

For the expenses that can change every month, you will find it much easier if you know in detail how much you spend for each category. For example, “food” is a general category but it could include junk that you really don’t need. Have a pocket “spending notebook” and just jot down every amount that you pay out including payment for a bottle of water, a bag of peanuts, a piece of candy, bus ride etc. When you go to the grocery, you should have a specific list of what you can buy.

If you are trying to understand your food (or any other category) budget for the first time, you can do this. Spread all the items you bought on the table and think carefully whether each item is a “need” or a “want”. Remember that a need becomes only a want if there are options to “downgrade” to a less expensive brand or type for the same item. For example, fresh foods are usually cheaper than processed foods.

Involve your family in making your budget and assign each to be the “authority” in prices of items that you regularly buy. The person in charge should keep himself always aware of the changes in the prices and where to best buy them. Remember though to input the cost of transportation when you find that a certain item is cheaper in a place far from your home.

There is no right or wrong in making a budget. Each person or family has different priorities. One prefers to always eat the better food and just stay at home and one would rather have fun outside and hardly eat. You need to plan together, understand and respect each other’s needs.

While you are finding ways to decrease spending, find ways to increase your income. Sometimes people are bogged down by their mindset on what they can or cannot do. This is especially true in the Filipino culture where those who took up a college degree feel that they should only be in a white-collar job. Our system of having house help readily available helps in developing the mindset from a very young age. In western countries and more developed countries, every person has to do his share in the housework from childhood. Therefore, everyone doesn’t think twice of doing any kind of work.

Given an open mindset and humility to doing any kind of work, surely you can find a sideline to add to your income. For example, doing simple home repairs, cooking meals or landscaping for others can be good options especially for those who are looking for people they can trust. If you are too proud, you can start as a hobby and slowly charge a fee as you gain a good reputation. There are other talents you can use like teaching a musical instrument, writing, tutoring etc. In the beginning, this will surely not earn much but do the best job you can even if it pays for only a meal at the start. It can develop into a full-time business in the future. There is so much that can be done but in the final analysis, reputation will carry you through success.

To summarize your budgeting effort:

1. Keep a record of your daily spending. Have a small notebook and pencil always with you and jot down any expense immediately.

2. Understand your real cash-flow income and expenses at least a month ahead of time. If you have a partner or family, make sure you all agree with how you are going to spend the money.

3. Reduce spending in a very studied method. Be creative with the ways you can cut expenses each week and practice until you get the hang of it.

4. Keep track of your budget weekly and monthly so you can make adjustments. There will always be unplanned situations. Life is really like that. For example, when you are on a road that suddenly gets blocked, you will find a way to go around the block. It is the same with your budget. Be ready with options.