Tag Archives: pera palaguin

Starting To Work On Your Success pt. 3

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Goal Setting 3

 

In the previous column, I asked you to compute how much your present lifestyle costs you. We are now on the second and third questions of eight questions you need to ask yourself to help you set your financial goals.

 

2) If you want your lifestyle to improve, how much more improvement do you want?

 

Since we are planning for many years ahead, it is normal that you want a better lifestyle.  This means that you will be spending more for the better lifestyle.  You have to write the kind of improvement you want in terms of your budget.  Knowing what you are already spending today in your present lifestyle, you can have an estimate of how much you have to be spending also today if you have the lifestyle that you want.

 

You will probably wonder and think that in the coming years, the cost of what you buy today will be so much more so why am I asking you to compute in today’s cost.  You are correct and you should consider that factor which is called inflation when we go into the actual preparation of your financial plan.  We will do that later but it is good enough to know how much you would need today for the improved lifestyle that you want.

 

 

  • How much risk can you take?

 

Taking risks with your savings is dependent on your personal orientation as well as your age and the kind of investments you already have.  The general principle is that nobody can be correct one hundred percent of the time.  Everybody makes mistakes.  Therefore, it is very possible that you may choose some wrong investments.  The key is to be able to rise and learn from failure and in effect, turn the failure as a success. And you can always rise from any kind of failure.  Unfortunately however, when it comes to money or business failure, it is only possible to recover if you still have time and energy left.

 

If you are young, you can take more risk because you have the time and energy. However, just because you are young does not mean that you should only invest in risky businesses.  You still have to balance your investments so that if some fail, you will have the chance to recover faster. As they say, never put your eggs in one basket.

 

As you grow more wealth and gain more experience, you can invest in higher risk opportunities only if you can really afford to lose your investment completely.  This means that you have enough investments that, if you lose the risky investment, you can still meet your financial goals. It is almost like gambling.  When you gamble, you know that you can lose that amount completely.

 

Remember, THE HIGHER THE RETURNS, THE HIGHER THE RISKS.  It is easy to be attracted to high returns especially when so many friends and relatives tell you stories about how much money they have made.  So, study your risk options well.

 

Starting to Work On Your Success

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And here is how we want to help you get it!  Follow the coming articles that will help those who want a refresher course…

Goal Setting  Part 1 

It has been more than eleven years since I started teaching how to care for your personal financial matters.  From the many feedback I have received from readers, it is very clear that so many ordinary earning Filipinos do not know how to save and grow their money.  The questions I receive are varied and detailed but the most frequent can be summarized into three:

1)    How can I save?

2)    How can I get into a business?

3)    How do I invest in mutual funds?

Before even asking these questions, each person should first set their goals.   The New Year is only about 45 days away, it is an opportune time to devote time on GOAL SETTING.

I always remind people that you cannot go anywhere if you do not first establish where you are and where you want to go.  My favorite example is when you go to a Mall for the first time and you want to go to a particular store without wasting time because you are in a hurry.  You can ask people around you but sometimes, they do not know or worse, they give you the wrong information.  The best method is to look at the map in the mall and locate your store and how to go there.

This is the same routine you should follow when you want to save, get into business, or invest your money.  When people realize they should save and grow their money, they are suddenly in a hurry to do it without any planning.  They start asking around from people they know.  Unfortunately, most of the time, they ask people who also do not know how but are so eager to pretend they know.  They start getting wrong advice and end up losing money without even knowing how and why.

This need not happen if they followed the rule of GOAL SETTING.  The first step is to establish a plan, which is your “map”  or your financial goal.  Note that most legitimate investments are sound investment instruments. They are all good investments.  However, what is important is to be able to tell which one is suitable or best applicable to your needs.  It is impossible to be able to discern which is the best for your personal situation unless you have your own financial plan based on your own specific timetable.   We will talk more about goal setting in the next articles.

For added information, visit  www.colaycofinancialeducation.com  www.franciscocolayco.com and www.youtube.com/colaycofoundation at www.kskcoop.com.  Tumawag sa 637 3741 o 637 3731 o 0917 863 2131.  Our next seminar is on Nov. 28.  Join it.  Based on experience, we learn more when we have immediate feedback on our questions.

Listen to Pera Mo, Palaguin Mo every Monday on DZXL 558AM from 11am to 12 noon. You can also watch us on  Pisobilities Reality every Tuesday, 8:30 pm, on Light Network Channel 33 and every Saturday on GMA News TV 11, 6am.

ANG PINAKABAGONG LIBRO NG PERA PALAGUIN SERYE pt. 1

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Ang bago kong libro karugtong ng mga libro na isinulat ko ay mabibili na sa National Bookstore at iba pang bookstores at pati rin sa www.colaycofinancialeducation.com

Ang pamagat ng bago kong libro ay nagmula sa mga nauna kong libro. Ang unang libro ay “WEALTH WITHIN YOUR REACH. PERA MO, PALAGUIN MO!” Ang pangalawang libro ay “MAKE YOUR MONEY WORK. PERA MO, PALAGUIN MO!”

Ang pamagat nito ay madaling maintindihan: “WEALTH REACHED.  MONEY WORKED.  PERA MO, PINALAGO MO!” Inalam ng libro ang buhay ng mga tauhan sa unang dalawang libro at ipinaliwanag kung ano ang ginawa nila sa loob ng labing-isang taon matapos nilang basahin ang libro at pinakinggan ang mga payo ko. Mapapaniwala ka na kung nakinig ka noon, sana’y maganda na ang pinansyal na buhay mo ngayon.

Sana ay isa ka sa mga talagang nakinig. Kung hindi naman, hindi pa huli ang lahat. Kunin ang libro, basahin at pag-aralan at maniwala sa sarili na may magagawa ka. Marami nang tao ang nagtagumpay mula sa maliit nakinakailangang ipon.Ang kailangan mo ay Disiplina at Determinasyon.Kaya mo yan. Huwag ka nang maghintay muli ng sampung taon bagoka magsisi ulit dahil wala ka na namang ginawa. Gawin mo na NGAYON!

Ibabahagi ko sa iyo ngayon ang mga pahayag ng mga tao tungkol sa libro.

Sinabi niMr. Hans B. Sicat, Presidente at CEO ng Philippine Stock Exchange:

“Ibinahagi ni G. Colayco ang pananaw ng Philippine Stock Exchange sa pagsulong ng kultura sa pag-iipon at pamumuhunan dito sa ating bansa. Sa pagsisimula at paghihikayat sa mga empleyado para mag-ipon at mamuhunan, nakakapagbigay tayo ng payo sa tamang paghawak ng pera sa ating mga kasamahan na sana ay maituro din nila sa kanilang mga kaibigan at kakilala.”

Ayon naman kay G. Ignacio B. Gimenez, Tagapangulo at Presidente ng PhilEquity Fund, Inc.:

Ang “Wealth Reached, Money Worked. Pera Mo, Pinalago Mo” ay nakahihikayat at nagtuturo.Sa mahigit na sampung taon sa ganitong adbokasiya, ang mensahe ni Topax tungkol sa pananalapi ay lalo pang pinagyaman ng mga tunay na karanasan ng mga totoong tao na ginabayan niya at ng buong Colayco Financial Education. Hindi naman talaga kailangan ng napakalaking pera at pagsisikap para maging maayos ang buhay pananalapi. Ang susi sa pagyaman – oras, pasensya at tamang pagdedesisyon. Higit kailanman ang mga Pilipino ay kailangan maging marunong sa paghawak ng kanilang pera hindi lamang sa pagbili o pag-gastos ng perang pinaghirapan nila peropati na rin kung papaano ito palalaguin. Madaling basahin at indintihin, ito ang libro na makakatulong sa mga Pilipino siyasatinang posibilidad na bukas, magagamit at abot-kaya ng mga ordinaryong Pilipinong kumikita.”

LATEST BOOK IN THE PERA PALAGUIN SERIES

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My new book sequel to the books I have written is available in National Bookstore and other bookstores and even directly from us at www.colaycofinancialeducation.com.

The title of the new book comes from the previous books.  The first book was “WEALTH WITHIN YOUR REACH. PERA MO, PALAGUIN MO!” The second book was “MAKE YOUR MONEY WORK. PERA MO, PALAGUIN MO!”

This new book title is self-explanatory:  “WEALTH REACHED.  MONEY WORKED.  PERA MO, PINALAGO MO!”  The book investigates the lives of the various characters in the first two books and explains what they did in the past eleven years after reading my books and listening to my advice.  It will make you believe that, if you had listened then, you would be in a better personal financial condition today.

I hope you were one of those who did listen.  If you did not, it is still not too late.  Get the book, read and analyze and convince yourself that you can do something.  So many people have succeeded with very little required savings.  What you need is a lot of Discipline and Determination.  You can do it.  Don’t wait for another ten years before you again regret that you did not do something.  You can do it NOW!

I share with you now the various sharing of people regarding the books.

Mr. Hans B. Sicat,?President and CEO of the Philippine Stock Exchange says:

“Mr. Colayco shares the Philippine Stock Exchange’s vision in promoting a culture of savings and investments in the country. By starting and encouraging employees to save and invest, we are in fact contributing to the financial wellness of our work teams which should hopefully be passed on to their immediate environs and communities.”

Mr. Ignacio B. Gimenez?Chairman and President, PhilEquity Fund, Inc. notes that:

“Wealth Reached, Money Worked” is motivating and informative. After over 10 years in this advocacy, Topax’s message of financial freedom is enriched by the real experience of real people he and the Colayco Financial Education team have enlightened along the way. It really doesn’t take a lot of money and effort to be financially comfortable. The key to building wealth – time, patience and good decision making. More than ever Filipinos need to be wise with their money not just in choosing what to buy or how to spend their hard earned cash but in how to grow it. Easy to read and completely understandable, this book will help Filipinos explore the possibilities open, available and affordable to the ordinary income earning Filipino.”

Mr. Generoso Asuncion who has read the past books says:

“When I read the 2 books “Pera Mo Palaguin Mo 1 & 2” my view in life has changed. Asides from the books, I also watched Mr. Colayco in YouTube and read the articles in the web. He changed my life. I learned how to save money. I also share what I have learned to my kids, friends, my siblings and to the people I meet so they would know the right way to save money and attain financial freedom. Thank you so much Mr. Topax. You are the LIGHT in a dark place of poverty.”

  1. Cayanong, a?Customer Service Representative, Convergys Philippines in 2013 says:

“I definitely enjoyed learning from Colayco Foundation. It brought a realization of how badly I manage my earnings, but it also opened the opportunity to start NOW. Start saving and investing. It made me aware of the need to secure my self and my family’s future.”

Mary Grace M. Orbase, a student in 2011 said:

“I am a 14 year old high school student soon to be third year high school student, I’ve read your book, Pera Mo Palaguin Mo! 2. It inspired me a lot. It guides me and enlightens me at my tender age. It really awakened me on how to handle my allowance-that there’s always savings. More power and good luck. I hope there will be a lot of high school students like me that will read and will be enlightened with your book :)”

RenzSumera, a?Licensed Chemical Engineer in 2012 said:

“I just graduated with a degree in Chemical Engineering at the age of 21. I am currently looking for a career while at the same time studying for my board exam this November. I have read your two books, Money and Wealth and it really inspired me to value money and learn how to invest. I can’t wait to start earning active income and saving up to 20% of it for good investments. Thank you for writing those books and I hope that more fresh graduates like me or young professionals will read them and be inspired.”

Leonardo Alba, an OFW from Abu Dhabi said:

“I read your book over and over again because I was not able to understand some parts with one pass.  But all in all the content was good and it even have matching examples.  For now I will try to apply what I have read from your book.”

Cecilia T., 2012 said:

Your books are very informative and has simple information. This is important especially for a woman like me. This book is really a blessing. Natutoakokungpaanoiingatan at mapapalagoang finances ngakingpamilya.

Anthony Pinaglabanan, Iowa said:

Mr. Colayco was the one who influenced me in financial literacy 6 years ago, got some investments now and its working beating inflation and not still focusing to make it happen. My next project is to create passive income as I want to retire early to enjoy time with my family.

RazmonZamboanga, 2006 said:

Thank you for making not only our peramalagobut especially our mind. It was worth the trip from the province to buy your books. I travelled hundreds of kilometers and it had opened a million miles of opportunity and realizations. Talaganglumago. The PeraPalaguin Books made me realize that poverty can be caused by ignorance in managing your finances and not necessarily the inadequacy of financial resources.

SimpeRogie Magana-Co said:

You educate people on how to be financially literate by using simple language and practical examples. You continue to share valuable knowledge and personal experience in money management.

SimpeRogie Magana-Co said:

You educate people on how to be financially literate by using simple language and practical examples. You continue to share valuable knowledge and personal experience in money management.

Sarah Jane Mayola OFW said:

I heard of Colayco Foundation some time back when I was still working as a staff nurse at one of the hospitals in the Kingdom of Saudi Arabia. I didn’t have the chance to start maybe because I was not ready yet or I was not that determined to make a change in my life. Now that I’m back here in the Philippines, I’m applying for a job again overseas. I just realized how important is proper investment and savings. All my savings are gone and for the meantime I’m working as a call center agent here in Makati. I only save Php1000 every payday but I’ve decided to start saving. This time I will set aside and keep my savings.

I hope these statements will help encourage you to read and study my books, if not for yourself, for your family members who have so much to gain by having a good basic education in their personal finance management.  Check out www.colaycofinancialeducation.com for more information.