Think Rich Pinoy Wealth Seminar Last February 9, 2013

The last Think Rich Pinoy Wealth Seminar was held last Saturday February 9, 2013 at Enderun Colleges in BGC Taguig City. Yours truly was again given an opportunity to serve in the TRP Wealth Seminar last Saturday. My husband was in the technical while I was the timekeeper. We also facilitated during the Cash Flow 101 Board Game.

There were two new speakers namely Leila Hernandez, Author of the 9 to 5 Millionaire Book and Edmund Lee, Research Analyst of COL Financials.

Below are the lessons I have learned and Noted from the speakers:

1. Bro. Bo Sanchez ( The Theology of Money)
       • Our Financial Life can be divided into 3 phases:
             o Phase 1: Desert Experience (Not Enough)
             o Phase 2: Desert with Manna Experience (Just Enough)
                 This is addicting but never gets addicted to it. We need to learn how to move to the next phase.
             o Phase 3: Promised Land Experience (More than Enough)
      •  Money is everywhere. The Purpose of Wealth is to help others.
      • Value your Financial Education. Free is not good. “Kailangan may taya”.

2. Sir Larry Gamboa ( Scaling up your Real Estate Start Up)
      • Action brings clarity.
      • Make your 1st step.

3. Eden Dayrit Alemania (4Fs – FIND it, Fund it, Fix it, Flip it)
      • Accumulate More properties for passive income
      • If you are jobless, you need a co-borrower for a bank loan.

4. Ronald Cagape (Numbers in Real Estate)
      • When still starting and still building capital, do buy and sell.
      • If with available capital, buy an income generating property.
      • Remember that you make a profit when you buy.

5. Edmund Lee (Investing in Real Estate through the Stock Market)
      • Investing is a need – For Retirement and to beat Inflation
      • The key in choosing a stock is Management (CEO).
      • Currently, stocks of Real Estate Companies are not yet bullish.
      • Tip: The Next Walmart  - Puregold ;)

6. Leila Hernandez (9 to 5 Millionaire – A Real Estate Start up)
      • If you invest in paper assets, you are like a Virtual Business Owner
      • Loan Refinancing have an added cost but can be waived depending on our relationship with our banks.
      • It is not advisable to invest in a lot that you will use for your dream house in the future. Better to invest the money in an instrument that can give you a high gain then buy your dream house in the future in CASH,
      • Her advise:
            o Hold on to your current job and do your best
            o Do your investing after work (weekends).
      • The key is Discipline and Integrity.


Being a servant in the TRP seminar for almost 2 years really  changed my life. Every now and then, there are new things to be learned. I learned  by serving. Indeed, every seminar is different not only because of the topics discussed and new speakers but also because of the people I meet. It also gave me a feeling of fulfillment knowing that I was able to be part of the TRP vision of creating millions of Filipinos by 2020.

 I also want to quote Sir Larry on One of the Secrets of the Winners is their Commitment to Mastery. Keep on learning. Invest in your financial education. If you think Financial Education is Expensive, Try Ignorance. ;)

I hope to see you in the Next TRP seminar on April 06,2013. I am not sure if I can still serve that time because it will be just few days before I give birth to our latest blessing.

May our Dreams Come True!

Boo-Boo # 1: Investment in LBC Bank

I blogged about this good investment find in 2008. It is about the Time Deposit offered by LBC bank. I did my research and was convinced to put some investment in this bank. Then, I forget about it.

However, Q4 of 2011, I learned about the closing of  LBC bank. Oh no!!! What have I done?! It was my first time and I didn't know what to do. I was also busy with other stuffs and forgot about it. I just decided to file my claim early this year as part of my new year's plan.

I realized, it was not that bad after all. My money still earned an interest of 16% for the 3 years it was with them. Thanks to PDIC, I still have a chance of recovering our Investment.


Lessons Learned:

1. Do your own due diligence in investing your hard earned money.
I did mine but I think it was not enough. ;)

2. Stay away with Mañana Habit. 
When a bank closes, file your claim as soon as possible to be included in the 1st release of claims. I was a month delayed in claiming. Depositors in my area was already able to claim their investment by the time I was only filing for mine.

3. Fail Quickly and Try Again.
My failure didn't stopped me. It just made me wiser. Actually, I am already excited to get my claim and invest it in the stock market. As per Bo Sanchez's  advise to the Truly Rich Club Members, "The Philippines Will be One of the Best Performing Stock Markets in the World". And I wanna be part of it. :)

Let's Keep Investing!!!

My PISO Dream and Journey Continues...

I haven't update this blog for quite a while. I don't have an intention of abandoning it but some things changed in my life which also changed the manner I update this blog. My personal struggles and stories will be shared in this blog soon. I know you can relate to my stories.

So what made me post again?! We'll I didn't realized I wanted to be an author until I meet this person who inspired me and made me realize that I have the skills in Stock Market Investing that I can hone and use to help other people. Thus, I am striving really hard to improve this skill.  Part of the plan is to regularly update this blog. It can by about the stock market, real estate, funds, interesting investment or  anything that we could relate to "PISO".

Join my in my Journey and let's enjoy the ride and learn from each other. ;)

Blessings!!! :)

To our Financial Freedom and Beyond!

BPI Trade Lowered the ADB of their Savings Account

I got this mail last week and I was happy about it. Now, we can use some of the amount use to maintain our account to buy more stocks. I t will not be wasted waiting for the 1.75% interest which is being compounded quarterly. My dumdum have more power.

Dear BPI Trade clients:

Greetings!

Please be informed that the monthly maintaining Average Daily Balance (ADB) of your BPITrade settlement account with BPI Direct Savings Bank has been lowered from P5,000 to P500.00. As a non-ATM deposit account, the BPITrade settlement account will earn interest as follows:

Interest Rates (per annum)
If daily balance is:
PhP 0 - 499 0.000% p.a.
PhP 500 and above 1.750% p.a.

Please visit the FAQs on the BPITrade website for more information.

Thank you.


BPI Trade Team

Perk $ Time Deposit of Asia Trust Bank

If you are looking for a bank where to can safe keep your USD for a while, I can recommend Asia Trust Bank. They have a product named Perk $ Time Deposit. I learned about it while googling for the best USD TD account in the Philippines. I remember that I saw it from a forum but can't remember the exact forum name.

Initially, I was comparing BDO, BPI, PS Bank and China Bank. And I was already considering PS Bank. But I changed my mind after seeing the rates of Asia Trust. However, the rates in their site is not updated.

Some infos I can share:

Min Investment: $5K
Prevailing Rates as of 03/19/09 (Sorry, a little old now.):
90D = 3.00%
180D = 3.25%
270D = 3.50%
360D = 3.75%

The interest is not compounded per quarter. But it is not bad after all. You'll still get 3% if you keep them for 90 days. This is the highest interest rate for USD TD that I have seen so far.

Update on LBC Banks' Royal Earner Account Interest Rate (as of 10/24/08)

LBC bank is one of the banks that offers high interest rate for a 5YR TD. Learned about it from PinayandMoney Blog. Hubby and I inquired last Friday and there was a slight change. The interest rate for the TAX Free 5Y TD was lowered from 9% to 8%. This is still acceptable because currently most banks offers TD with interest rate ranging from 1.5% to max of 6% (PSBank).

We just hope that they will not lower it more because hubby and I are planning to increase our savings in this bank.