Money Summit and Wealth Expo 2014

Sorry for being MIA again in this blog. I don't want to make any excuses. :) Practicing "NO EXCUSES Management". ;)

Anyway, this is my second time attending the Money Summit. I attended last 2010. Review of the summit for that year can be found here.

I was blessed enough to be able to attend the Money Summit and Wealth Expo 2014 for FREE. It was indeed a BIG Blessing. I was thinking of attending the summit months before but never take any action. I just keep on asking people if they will attend the summit. Unluckily, friends I wanna go with was not going and it made me think of attending as well. Call it lame excuse and procrastination. But maybe nothing just happen. OR should I call it "LAW of ATTRACTION".

Few days before the summit, a friend of mine who is also a speaker in the summit ask me if I wan't to attend the summit because she has 1 more available slot for her delegates. And who am I to say no to such a good offer. It was an answered prayer.

Prior to the event, I can't make up my mind if I want to attend stock market and real estate investing because I am doing both. I want to attend both but I can't because they are happening at the same time.I need to select the classes I would attend. But on the day of the event, I got surprised when the ID Badge given to us as delegates were VIP.  It was a JACKPOT because paying for such option would cost me Php20,000. Dilemna solved. And so, I attended the Stock Market Investing classes in the Morning and Real Estate Classes in the Afternoon. And I would say, I learned a lot. It empowered and inspired me again. It puts me back on track from my hibernation.


Let me share with you some of the key points I learned from the two day seminar.

DAY 1

Fitz Aclan: Making Money at any Market using Technical Analysis
What to know:
1. What is the trend?
When will the trend change.

Manulife Presentation : Estate Planning
Wealth is Relative. The more wealth you have, the more relatives you have and vice versa ;)
Estate Planning is imporatant, esp. if your assets are not liquid.

Salve Duplito: Scam Busters
Php 60B - Lost in Scam
It is our duty to share the noise on SCAM.
People into Scams normally doesn't want to admit that it is a scam that they get into, because normally, if no one makes a noise, they will continue to earn until the mastermind run with their money. :(

Hans Sicat
President of PSE
What's up with PSE???
1. PSE EDGE - Mobile Apps on Viewing Companies
- Avail on Android and IOS
- Free
2. PSE Tradex
3. PSE now in Facebook and Tweeter
*** Inflatin might be higher this year. Government spends 2.5% of GDP in Infrastracture

3 Money Making Machine
Fitz Villafurte - Forex is riskier than Stock Market
Tips: Mange your time for trading, Know if you have the mindset, control your greed.
Ivnesting - Long TERM
Trading - Speculating
STRATEGY:
   Short TERM: FOREX
   Gain  from FOREX being put into Stock Market for Long TERM.
   Dividends from Stock Market are reinvested.
   STOP LOSS: 10%
   It's all about money Management
" THE TREND IS YOUR FRIEND, DON'T GO AGAINST IT".


DAY 2

STOCK MARKET INVESTING

Technical Analysis, NOT Memorization.
1. Find Something that is going up and tide it. (DNL,ICT)
2. Find something that is trading higher.
- find Logic in price movement.
For Observation: FPH,MARC,LC,SMC, ROCK, CPM,SECB

Stock Picks:
Puregold - 10% Swing
Nickel Asia -after consolidation
DNL

There is no time frame for consolidation. It can take days, weks, months and even years.


SPEAKER2: Charmel DELOS SANTOS

1. Know the business environment
2. Concepts - Value investor, trend follower
 - know what is good for you.
 - know yourpreference.

The market will do what it wants to do.

MONEY IS NOT WORKING FOR YOU. YOU ARE WORKING FOR YOU. STAY IN CONTROL.

SYSTEM:
1. 10 parts
2. PRocess
3. Perform Review
4. Review/ Improve.

Major RISK AREA in INVESTING
1. System - set a target and measure performance
2. System
3. Personal

VELOCITY of Money - pag-gamit ng pera ng paulit-ulit (money circulation and re-use)

CHARMEL Business Model - Entry, Stop, Exit ad Position Size

Market Risk Factor
Market Dynamics - world affairs,debt issues, movement of meny to asset classes
Market Type Changes - Bull, Bear Chicken
Market Players - Government, Big Money, Companies
Inter-Market Risk - Global Currency Trends.

"MONEY GOES WHERE IT IS TREATED WELL".

Personal Risk Factor
- Investment Psychology - goals, beliefs, conflicts
- Decision Making - Efficiency, over confidence
- Skills - Professonals are in the market. How do you do business with them.
- Personality - are you a rational thinker., emotional?
- Timeframe and Temperament.

POSITION Sizing
- How much you will Risk / Lose in that Trade

Structured Ivnesting Approach
- Bisiness Plan
- Market
- System


REAL ESTATE INVESTING:

EDEN Dayrit
- She was not able to make it to the Seminar due to health reason but she did a video.
TIPS:
1. Build Connections - Pursue People you want in Buisness
2. Just Start. Just do it. Just take the 1st step.
3. KEEP MOVING FORWARD.

Maves Angeles
Create Happy Moments
Our Imagination is our Limit but the world is limitless.
Stop playing unnecessary imagination in our mind. Think Positive.
Stop thinking of what other people will say.

NOLI Aleje" Finding the Flip"
Beleive on who you think you are.
WHY REAL ESTATE - can take care of itself.
When you buy a land, you can't make a mistake as long as it is good.

WHY FORECLOSURE? Property Integrity

CONDO CRAZE - we will have more consumer loans in few years from now. Currently @ downpayment/inhouse.

FORECAST LOANS: Php 1,118,200,000
44,728 units - New Assets Coming Soon (Importance of Liquidity)

Inflation is low.... Not GOOD to hold on properties
Inflation is high..... Good due to appreciation.

Interest Rate - might go up already in the next few months.....
- Be CAREFUL with Annual Repricing

In choosing a property, things to consider:
1. JOB GROWTH
2. PATH of progress (ex. SLEX)

Things to Remember in Checking Properties:
1. Know the History of the Property / Story Behind.
2. Visit the Property M-F, Morning, Lunch, Evening
3. Know Road Conditon at all times.
4. Bring an Index Card for details - front, front left, front right
5. Take picture of the most broken part of the property for negotiation with banks.
6. Know leagal Status
7. Remember - Dirtie or more problems, the cheaper.
8. As much a possible, don't buy wooden houses.


WILSON LEE FLORES (MAXIMIZE INCOME on RENTAL PROPERTIES)

1.Compute and Compute
2. Check Tenants / Be Careful with Tenants
3. Psycho your Rental Prospects.
- People tend to like people on their right.
4. Be nice to other people. Be Fair. Be Humble.


RAYMOND LIM
- "PROFIT FROM PURCHASE"
- Have an Exit Strategy
- REAL ESTATE INDUSTRY WILL NOT BE OBSOLETE
- History will always repeat itself
- Know the Real Estate Cycle
>> NORMALLY IT CHANGES EVERY 2 QUARTERS
>> KEY: Demand vs. Supply
>>> Invest when there is Bigger Population.
-"WHEN YOU FIND VALUE, YOU 'LL FIND MONEY"
Key Indication - Population Demographics
RULE of EXCEPTION: PERSONAL - BUY NOE
-Make most Money @ Flipping options (OPTION TO PURCHASE)
"MOVEMENT OF MONEY IS MOVEMENT OF ENERGY"
-"Property Market is always driven by ONE FACTOR - LIQUIDITY."
- The Higher the LIQUIDITY the lower the Interest Rate.
"ALWAYS THINK INVESTMENT"
>>>> It's Either you Invest or you Consume."
THINK OF DELAYED GRATIFICATION.
BE COMMITTED TO FINANCIAL FREEDOM.

INVEST IN YOURSELF.
INVEST INYOUR MINDSET.
THE PROPER TIME IS NOW.

Do your own chart/ Research.
Minimize Risk. Maximize Returns

BGC - 5 years to profit ore, if possible, transfer money to other property that will give more return.

In summary, I was very happy that I was able to attend this Summit. I learned a lot. The information and tips given by the speakers are still echoing at the back of my mind. Truly, Financial Literary is not expensive compared to IGNORANCE.

I invest in education :)

Every Summit is Different.  If we remain open and humble, we will learn a lot.

FOR MY RATING:
VENUE: Check (Better than 2010)
PRICE: Check
TOPICS: Check
SPEAKERS: Check
Recommend: Check :)

Cheers! See you on the next Money Summit!

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!

WHAT IF.... You Volunteered or You were Volunteered?

This question came into my mind when I was invited by Dr. Larry Gamboa Author of Think Rich Pinoy Book to give a Testimony on Real Estate and Stock Market last Monday May 14,2012 to the Retirees of La Salle - College of Saint Benilde. The Seminar is entitled " Life After CSB" which has four parts:


Part 1: Monday morning "Managing Change and its Challenges on Time and Life.”
Part 2: Monday afternoon “Managing Financial Opportunities for a Better Life”
Part 3: Tuesday morning “Exploring Business Opportunities and Employment in the Corporate World”
Part 4: Tuesday afternoon is specifically only for the retirees.



I was honored and blessed to be able to meet these great people. Actually, I was thinking that our audience would be of the retiring age of 65 years old but there were also young faces in the group. I learned that "VERO" or Voluntary Early Retirement Offer was offered to the CSB employees and the attendees were those who availed.  They will be receiving a good package. I also remembered that such thing was also offered by my previous employer when they needed to do some cost cutting measures but they named it differently - RIF or Reduction in Force.

But what is supposed to be the meaning of Retirement?
As per Wikipedia, Retirement is the point where a person stops employment completely. A person may also semi-retire by reducing work hours. Many people choose to retire when they are eligible for private or public pension benefits, although some are forced to retire when physical conditions don't allow the person to work any more (by illness or accident) or as a result of legislation concerning their position.


Whatever the purpose of the retirees in availing the VERO it is good to know that CSB made an effort to prepare them for the "Life After CSB". The speaker of the first part of the seminar was the CSB HRD Manager. He discussed the "Who Moved my Cheese" Book and it was so relevant to the theme of the seminar.

The speakers for the 2nd part of the seminar was Aya Laraya of Pesos and Sense. He talked about the advantage of Investing in the Stock Market. I have heard Aya talked for many times already but there is always something that I learn whenever I got to listen to him. It was also a blessing to be able to discuss stock market with him and get tips on his preferred companies - MPI, MWC and the three major Banks.

My testimony was after Aya. I shared about the advantage of investing in both Real Estate and Stock Market. My sharing focused on my two Real Estate deals and Stock Market Performance from the Year I started investing in the Stock Market to present.

Sir Larry spoke after me and he discussed How to be become a MAVEN. He inspired the group to find their passion and monetize it. They can use it to generate income after CSB.

The response of the audience was overwhelming. They appreciated our sharings.

It was also a blessing to meet Dean Pax Lapid of GoNegosyo and be able to discuss Stock Trading with him. He recommends to have two Citisec Account. One intended for Long Term Investment and one for Trading. He advised me to only invest less than 1/3 of the amount I have in my account intended for long term. He mentioned that he preferred Holding companies specifically DMCI.

It was truly an overwhelming and a different experience especially thinking that you were able to share my experience to these people. I am greatly honored and thankful to Sir Larry for inviting me to give a testimony to the people of CSB. Thank you also CSB for the tokens below :)

Think Rich Pinoy Wealth Seminar Last March 17,2012

The Last Think Rich Pinoy Wealth Seminar was held is the Citisec Training Room 24th Floor East Tower Tektite Building last March 17,2012.

Yours truly was invited to be one of the speakers. Other Speakers aside from Larry Gamboa were:


1. Bro. Alvin Barcelona
* Feast Builder of Light of Jesus Community.
* Rock-Preacher
* Enterprenuer. Owns a School and other mico businesses.


2. Jay Castillo
* Owner of www.foreclosurephilippines.com
* Real Estate Investor and Licensed Real Estate Broker



3. Aya Laraya
* Realtor
* Writer
* TV Host
* Certified Securities Representative
* Certified Investment Company Representative

3. Marivic Salva-Angeles
* Real Estate Investor
* Licensed Real Estate Broker
* President of Happy Homes Realty
* Marketing Consultant of Think Rich Pinoy Realty

4. Grace Lucker
* Interior Designer
* Handy Woman
* Owner of Urban Dweller Management Creative Solutions



5. Eden Alemania-Dayrit
* Chemical Engineer turned into a successful Real Estate Investor.
* Bought, Renovated, Leased and Sold more than 28 Real Estate Properties.


6. Ronald Cagape
* Real Estate Investor
* Licensed Real Estate Broker
* Resident Cashflow Game Master of the TRP Wealth Seminar
* Publisher of www.livingcashflow101.com and www.smalldealblueprint.com


Each Speaker discussed different topics related to Real Estate.

Bro. Alvin was the first speaker. He discussed the Theology of Money. It sets the mood and mindset of the attendees on the purpose of wealth. He also discussed the strategy he used in acquiring the real estate property where his school is now operating which is the FIND > FUND > FIX > KEEP strategy.

Sir Larry Gamboa was the second speaker. He talked about how he got into real estate and how everyone can be a MAVEN or Expert in REAL ESTATE. He said that ACTION Brings CLARITY. We need to act to get things together.

I was the 3rd Speaker. I related Stock Market and Real Estate. I mentioned why we need to invest in both vehicles. I compared the two side by side based on nine criteria. I also discussed WHAT strategy I used, WHY and HOW I DO IT as shown below.

The fourth speaker was Jay Castillo. His topic is doing the numbers in Real Estate. He gave a CASE STUDY and also showed how to compute the ROI in real life as shown below:

Next was Aya Laraya. He discussed more about Building Wealth in the Stock Market and Citisec's EIP Program which is the better way to go in the stock market than doing market timing.

Maves Angeles was the next speaker. She discussed the Five Ways to Prosper in Real Estate as shown below.

Grace Lucker spoke after Maves and discussed how to stage and rehab an ugly property. She mentioned that a real estate investor shouldn't be afraid to buy ugly houses because it is easy to make them pretty. She also showed pictures of some of her great projects. She also mentioned that looking for a great property, we need to look for the Triple D:

Eden Dayrit spoke next to Grace. She shared her background and how she got into real estate. She mentioned that she went into hiatus for a year to work on some important matter but now that it everything is running smoothly again, she will be back into real estate investing. It was noted that even though Eden went into hiatus for a year, she was able to get by because of the passive income she's getting from her previous real estate investments.

The last part of the Seminar is the Cashlow Board Game which was spearheaded by Ronald Cagape. All the attendees enjoyed the game. I was blessed to be one of the facilitators and also learn strategies from the players. Ronald also announced the launching of his new site (www.SmallDealBlueprint.com).

Without being biased, I can say that the attendees were happy after the seminar based on their written feedback. Being a servant in the TRP seminar for the past few months changed my life. Every now and then, I learned new things. I attended the TRP Seminar May of 2010. It's been almost two years and I am still learning by serving. Every seminar is different not only because of the topics discussed but also because of the people I meet and knowing that in one way or the other we learned from each other. 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 what he said during the TRP Mastery Academy that " Experts are students first, servant always".

I hope to see you in the Next TRP seminar on June 02,2012. I am not sure if I will be invited to talk again but I am sure that I will still be there to serve by facilitating in the Cashflow Board Game.

May our Dreams Come True!

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!

Money Summit and Wealth Expo 2010 - 1st Day Only

I was only able to attend the 1st day of the Summit and Expo because of prior commitments but I was able to learn a lot. I really believe that Financial Education is not expensive compared to Ignorance.

Below are the things I've noted while listening to the speakers:

A. Trace Trajano

"The Think Rich Quick System of Flipping Properties"

Why Real Estate?

I - Income or cashflow

E- Equity (loan paid by tenants)

A - Appreciation

L - Leverage

Wrong Way of making Money in RE:

1. Condo Craze

- buying on pre-selling/pre-construction

- money is tied up for 3-5 yrd and at risk w/ market fluctuations

- if rented, risk of getting a bad tenant

Affiliate Real Estate Marketing

- sell other properties first

- build buyers database

-learn how to market

- no risk of using own money

Renovations are after the ROI and Profit

How to Find Buyers

- WOM (Word of Mouth)

- COIN (Center of influence Networking)

**** Architects, Real Estate Agents, Bankers, RE investors, Contractors

- Online Ads(bahay.ph.sulit.com.ph, cariglist)

-Social Media (Facebook, LinkedIn)

Question to ask confirm a CASH Buyer ?

- What's your Financing?

B. Eden Dayrit

"Get Rich thru Rent-to-Own Properties"

Strategy: Find>Fund>Fix>Sell>Profit

How to Find Market Value

1. Zonal Value

2. Comparables

3. Income Method

Find: Auctions, Listings

Fund: Create Prospectus for Investors

Fix: Get Quotes from 3 contractors

** important is roof and bathrooms

Sell: must have a competitive price for faster sale

C. Dr. Dups delos Reyes

"Secrets of Direct Sales Superstars"

Super Sales Strategies

1. Belief - product Mastery and enthusiam

2. Listening - feel good

3. Strategy - prospects/persistence/spiritual energy

Meaning of Selling

- Oral presentation in a conversation w/ prospective purchasers to make a sale.

ABC

Negative: Attack, Blame and Complain

Positive: Adapt, Balance and Care

Advantages of Postive Attitudes:

-More Energy

-Reduced Stress

- Better REsult

Qualities of a Good Sales Person

1. Ability to close

2. Intrinsic Motivation

3. Interpersonal Skills

4. Disciplined Work Habits

Reasons why People Buy

1. They buy solutions.

2. They feel good and important (they buy good feelings).

Sales Ratio

1. You reap what you sow (1:10).

2. It takes time for a fruit to ripen (1:5th). Repeat visits

Daily Sales Plan: See,Call,Do

3 P's for Success:

Passion, Patience and Persistence = PRAYER!

D: Conrado Bate of Citisec Online

Simple Stock Market Investing: The Way to a Richer Life

Good Quality Stocks

- growing

- earnings visibility/predictability

-mgmt credibility

-superior products and services

- strong balance sheet

Good Money Mgmt:

1. Diversify stocks/industries

2. Comfy

*** Computation: 100 - AGE= MAX % of Savings to Stocks

PESO COST AVERAGING thru Income, Time, Discipline.

- available thru Citisec's EIP.

E. Malaya Laraya

"Beat the market with foreign stocks and funds"

Why Managed Time?

-to leverage on Time, Expertise and Access

Local vs. Global Managed Funds

A: Local

- Limited types and choices

- Regulatory Concerns

- Liquidity Issues

B: Global

Varied (their are funds that are based from beliefs)

Better Regulations

Very Liquid Markets

F: Butch Villamor of One Outsource Direct

"TELESALES:How to make Money Selling over the Phone"

Why Telemarketing???

1. Good Profit Margin

2. Huge Opportunities

3. Huge Market (Global)

G: Mark So of Forex Club Manila

"Fast and Furious Forex Trading"

Currencies Trading

- USD, EUR, GBP,JPY,CHF,AUD,NZD, CAN

Trading in Pairs:

EUR/USD

USD/JPY

GBP/USD

Initial Investment = US$300

Market opens = 24/5

** No approve broker yet in Phils.

** No other fees except for bank fee = US40

Important Note:

Vengeance Trading is a bad move.

The seminar ended an hour late compared to what it should be but the people didn't leave their seats until the last speaker finished his talk. They indeed value all the things that they can get from the summit. It was really a jam packed day. I wished I was able to attend the 2nd day. Nevertheless, I still recommend this summit/expo. I will surely attend the next one and invite my friends and family.

PS:

Should you have any questions with the things I wrote here, you can email me @ lovellamendoza@yahoo.com. I will be happy to answer all your queries.

We Won in Trace Trajano's Apprentice Challenge#4

I mentioned before that we joined Trace Trajano's Apprentice Challenge which started right after the seminar. There were 5 challenges. Before challenge #4. We have zero profit and zero point but we never give up. Details of the challenge and our learnings are all here in this video. We're interviewed by Trace himself.

Are You Tired of Being Poor? Do you want to become financially independent but don't know how and where to start?

I was the in the same shoes as you are 3 years ago. But I made a decision that I don't wanna be poor all my life. I need to do something different.

I started to believe that if I do the same thing over and over again, I will expect the same result over and over again.
I need to change something. I need to change my beliefs.
I started reading books, searching the net.
But I learned that I can't do it alone.
I need somebody to push me up, to cheer for me, to inspire me and give me more insights based on experience.

I started to attend seminars, conventions, trainings and expos because I believe in continuous education.
Things change. What works in the past may not work today.

A lot of expos has been done before. I attended some of them and I also learned from them. However, but there is an upcoming Money and Wealth Expo which I think is more comprehensive because it will cover all the strategies that can make you rich and wealthy.

This really excites me. Its like going to a buffet. The foods are all there. We can have it all but we can also choose what we want.

In this expo, we'll learn about investing in stock market, franchising, selling offline and online, earning on real real estate and a lot more.

It's really for everybody. Not just for you but also for me.

I'm still not there. I'm still not financially independent. But I COMMIT to become one.

If I will be there because I believe it can help me. Why shouldn't you?!
We just need to make a decision and take an ACTION.

If you're committed to become wealthy NOW, keep coming to this blog because I'll be posting the details of the expo here.

You can also leave a comment for other inquiries.

LET's GET WEALTHY TOGETHER.
Because the ultimate purpose of becoming wealthy is to help others.....

Think Rich Pinoy Wealth Seminar Review

As promised, this post will discuss the lessons I got from the Think Rich Pinoy Wealth Seminar.

There were a lot of speakers who shared valuable information. They were:

a. Larry Cleto from Philam
b. Larry Gamboa
c. Bo Sanchez
d. Ronald Cagape
e. Eden Dayrit
f. Victor Gamboa
g. Randy Manaloto
h. Jay McLean

LESSONS Learned from the SPEAKERs:

1. Proper Wealth Management: Accumulate, Preserve, Transfer
2. Financial Freedom is relative to lifestyle
3. Income is a source of Wealth.
4. There is WEALTH more than enough for everyone.
5. Wealth FACTOR: Discipline and Time.
6. Why Real estate investment is SAFE: Bank accepts Real Estate Properties as collateral compared to Stocks.
7. Going to PROMISE LAND:

• a. Phase1: Desert Experience
• b. Phase2: Desert with Manna Experience
• c. Phase3:Promise Land Experience

8. We need to allow our Kids to Experience desert
9. Three Steps to Enjoy Promised Land

• a. Depeat the Giants
• b. Work the Land
• c. Remember the Lessons of the Desert

10. Use Wealth to LOVE.
11. Be Ready for Failures.

12. Fail Quickly and Try Again.
13. If there's a Problem, Fix it! Don't wish that it will go away because it won't.
14. Pay attention to details.
15. Factors on Implementing Every RE Strategy

• a. Change your Mindset
• b. Pre-screen the location. Best if near were you live.
• c. Do Extreme Marketing
• d. Always Think of Positive Cashflow
• e. Build Relationship: buyer, seller, tenant, broker, lender, bank, supplier, lender, staff, colleagues, mentors, students.
• f. Leverage on Money, Time, People, Relationships, Skills, Personal Knowledge.
• g. Self- Improvement: Continuous Learning. Learn from Mistakes.
• h. Giving Back and Paying Forward. *** Always be grateful and SHARE your blessings!
  

16. FACEBOOK is one of the best channel to do your marketing.

• - let your contacts: Know, Like, Respect, Trust and Invest in You.

17. Real Estate Investors Problems

• - Nobody knows that they exist.
• - Nobody knows the VALUE they can Provide.

After the talks and lunch, we played CASH FLOW 101 for 2 hours. It was my 2nd time playing the board game. I was happy that i got out of the rat race after 1hour and the fast track after 25mins. I believe that I could have gotten out of the Fast Track earlier if I didn't act as a banker at the same time. By the way, I was the 3rd person who got out of the rat race and also placed 3rd getting out of fast track.

My tablemates while Playing

HOW did I get out of the RAT RACE:

1. Profession: Truck Driver

2. Strategy: Build CASH enough to cover my whole expenses if I will be downsized.

3. After accumulation enough cash, did small deals.
4. Bought a Property.
5. After buying the property, the player next to me stopped on the "MARKET" and got this CARD.
6. Immediately sold my Property.
7. On my next step to the opportunity track, I selected a BIG deal, I was blessed enough to find a very GOOD DEAL that moved me out of the RAT RACE.


HOW did I get out of the FAST TRACK:

1. I acquired business which gave me a cash flow equal to the requirement.


LESSONS Learned on my 2nd time Playing CASH FLOW 101:

1. Your occupation will not make you rich. It is your MINDSET and ACTIONS=STRATEGY.
2. Build Emergency Fund before Investing.
3. CASHFLOW remains king to get out of the RAT RACE and FAST TRACK.
4. Real Estate can either bring you CASH or CASHFLOW depending on how you deal with Deal.
5. Be open for opportunities.
6. Real Estate and Businesses are the sources of your CASHFLOW. The more you have, the better.
7. Get out of the Rat Race the soonest so you can help others.
- I played the role of the banker after getting out of the Rat Race and while playing on the FAST TRACK.
- I helped the other players on the issues they encounter while they are playing.
8. Get out of the FAST Track the soonest, to help more.
- I was able to answer more of my co-players questions after getting out of the track because I already stopped working "IN" my "BUSINESS".
- By that time, I have more time helping others.


After the game, there was a sharing of the things that we learned while playing. 4 people shared. It was a very nice experience.

What I like about the seminar:

1. It started with a PRAYER.
2. It has a mission of making 1(one) Million Millionaires by 2020.
3. There are a lot of inspirations that we got from the speakers.
4. The CASH Flow game is a worthwhile experience. It's addicting.
5. The free Book (TRP or TRQ ) they gave after answering the Survey Sheet.

*** I will definitely recommend this to my family and friends.

I'm attending the Think Rich Pinoy Seminar on Saturday

I've been a member of the "Think Rich Pinoy" network after attending the Truly Rich Financial Coaching Seminar. This seminar is being offered every quarter normally a week after the TR Coaching. I was not able to attend last quarter due to short notice. But I ensured that I'll be able to attend the next schedule which is on Saturday.

By the way, I just got an email from Larry today that there are still available seats.

Click here to register

Details of the Seminar:

Place: Philam Life Building, UN Avenue, Manila

Date: May 15,2010, Saturday

Time: 8am to 6pm

Seminar Price: Php 2950

Payment can be made via Paypal/Bank Deposit.

Click here to know more about the Seminar.

Hope to see you there!

Buy First Deal (BFD) Site

After attending the Truly Rich Financial Coaching Seminar, I take action and had been searching the net for other sources of income that we can look into.

I don't remember how I found the Buy your First Deal Site. But what I remember is that, since then I got hooked.

There are a lot of things that I've learned. There are a lot of information being shared by Trace Trajano about real estate like:
1. How to spot a GOOD DEAL.
2. How to pre-screen a seller and a buyer.
3. How to raise a capital from private investors.
4. How to purchase a house with "No Money Down".
5. How to do extreme marketing.

Actually, there are a lot more.
What I like most about the site and Trace is the fact that he's not doing it just because of money but because he has a vision of creating millions of millionaires in the Philippines. It may sound patriotic but I admit I am one too. It's not a bad idea after all.

If you want to know more, click this to go to BFD site.
http://buyfirstdeal.ning.com

My 1st Time Playing the CASHFLOW 101 BOARDGAME

I've been playing the CASHFLOW 101 EGAME for more than a month now. It took me more than 5 games before I won and get out of the RAT RACE. It was such an accomplishment and brought me some heavenly feeling.

Last Saturday, my group mates in Trace's Apprentice Challenge organized a CASHFLOW game. We had it in Seatlle's Best Festival Mall. We're challenged to beat the record of the Rich Dad Club in Alabang who had a player finished a RAT RACE after 30mins of playing. We started at 7:38pm and I got out of the RAT RACE 1st at exactly one hour. I got out of the FAST TRACT 10 minutes after that. I was very happy.

Things I learned:
1. Everything is manual. You really need to take responsibility of your CASHFLOW, CASH, ASSETs and LIABILITIES. It was a total DO-IT-YOURSELF process.
2. Mind your own business to be able to help others.
3. CASH is King. Ensure that you'll get your paycheck or else you'll be working for free.
4. Count your Cash on Hand to be able to leverage. Count your cash religiously and take note of it. You need this to know how to decide on DEALS either SMALL or BIG.

We finished the game at exactly 2.5 Hours since we started the game. We all enjoyed and already looking forward to the next CASH FLOW game session. By the way, I would also like to thanks Raymond for organizing and Aries for facilitating the game!

1st Ever Think RICH Quick Seminar

We bought 3 books about real estate after the Truly Rich Coaching Program which are:

1. Think Rich Pinoy
2. Grow Rich Pinoy
3. Think Rich, Quick

They are all good and very inspiring. I've been searching the web for the next seminars of the TRP since it is normally being done every quarter. However, the next schedule is still on May 15,2010. We missed the seminar last February 27. Then, I chanced upon the Foreclosure Philippines blog which is promoting the 1st ever Think Rich Quick seminar by Trace Trajano. Hubby and I both registered on the training and we can say that it's all worth it but it could have been better if the course was not made to fit in one day because there are lot of things and details that the participants would like to know.

Anyway, below are some of the things that we have noted during the seminar/workshop:
1. There are 5Ms to Millions (mindset, mastery, management, mentor and mastermind).
2. Extreme Marketing is needed to sell Houses fast.
3. 3Ms in Marketing a property (Media, Market and Message).
4. Requirements of a Buyer
a. Landlords = High Cashflow
b. Renovators = High Equity
5. COIN (Center of Influence Networking) could help in getting deals done.
6. We need to pre-screen sellers by answering the WOWWW questions
- Worth, Owe, What Repair, Why Selling and What minimum amount the seller is willing to take
- They should be motivated.
7. MAO = Maximum Allowable Offer (Universal Acquisition Equation).
8. We can raise money via text and phonecall.
9. We need to build a level of trust.
10. Secrets of a Successful Real Estate Investors
- Implementation
- Believes in YCDBSOA (you can't do business sitting on your ass)
11. We have a virtual mentor in www.buyfirstdeal.ning.com
12. We learn by doing.
13. Success = Right Attitude + Right Strategy
14. We need to ask for referral to borrow credibility.
- credibility = trust = business
15. Deal = Power
16. Money is Money but a DEAL is UNIQUE.
17. Real Estate vs. Stock Market
- Real Estate is Safer
- Stock Market does not guarantee gain
*** Banks doesn't loan money even if this will be used to buy their company's stocks.
18. Potential Investors
- Long Time Employees with Bank Savings
- OFWs
- Businessmen/Employees with less time and little knowledge on Real Estate
19. We can Leverage on OPR (Other People's Money) and OPT (Other People's Time).
20. Howto convince Investors
- Prospectus
- Good Track Record
- Documentation

The seminar is actually not a seminar but a workshop. We had exercises which were discussed within a group. We really learned by doing.

Trace also mentioned that he has plans of establishing a Real Estate Business here in the Philippines and is searching for business partners. He launched a "TAC - Trace Apprentice Challenge". There would be 10 teams who will be competing with each other. Each team is composed of at least 5 members which is composed of a CEO, acquisition manager, property manager, marketing manager and a sales manager. The team who scores the most after the challenges will be the winner and would be his business partners.

We are challenged and so I joined a team which we named as MIB (Millionaires to Infinity and Beyond). The 1st challenge is already done. RYP team won. It's ok. We still have a chance. GO MIB GO!!!! GO! GO! GO.

Before I forget, if you ask if I can recommend the training. Definitely YES!