Business and Education Package!

“Money is not the most important thing in the world, but it affects everything else that is important." -Kim Kiyosaki

WANT TO INCREASE YOUR FINANCIAL LITERACY?
WANT TO START A BUSINESS?

GET THEM BOTH AT WEALTH ACADEMY!!!

During these difficult times, we learn that JOB SECURITY IS JUST A MYTH. Financial education is more important than ever before. Recession-proof yourself!

FINANCIAL SECURITY is not a dream. It is a PRIORITY. If you have the will, we will show you the way!

SERIES 1: Building Solid Financial Foundation (absolutely free!)

ADVANCED SESSIONS: (SERIES 2 and UP)

• Passive Income 101 (Business solutions)
• Financial Coaching & Mentoring (workshop)
• Finance 101
• Investment Strategies
• Winning Principles
• Mutual Fund Investing
• Real Estate Investing
• Building Big Business

SEMINAR SCHEDULES:
Wed at 7pm
Fri at 7pm
Sat at 2pm


Financial security is not a dream.It is a PRIORITY.

For seminar reservations and appointments, please contact:
EDMUND LAO
Mobile 0917.326.2077

VENUE:
3F King's Court 1 Bldg.,
Pasong Tamo corner dela Rosa,
Makati

LOCATION:

How to Become a Millionaire

By: Tyrone
First posted at Millionaire Acts
http://www.millionaireacts.com

Becoming a millionaire involves discipline, hard work, and financial education. A lot of us are dreaming to become a millionaire and I was one of those. That is why I simply created this blog entitled Millionaire Acts – to know how a millionaire acts and to mimic their success.

Based on the book that I read entitled "The Millionaire Next Door" in which the authors conducted a study on how millionaires live, we can deduce what these millionaires undertook to achieve their "millionaire" status. And I will summarize it together will all the lessons I learned on how to become a millionaire.

MILLIONAIRES ARE FRUGAL INDIVIDUALS:

Millionaires know how to pay themselves first. If you are an employee like me, the first thing you should do is to pay yourself first whenever you received your paycheck. Set aside enough savings first before you spend the rest. Use the equation INCOME minus SAVINGS equals EXPENSES.

A good way to know how much you should save is by using the universal rule called Pareto's Principle of 80/20. In business, you must put most of your efforts on the 20% that bring in 80% of the income. In saving, 80% of your savings come from 20% of your frugal living. In other words, you should live within 80% of your income and set aside at least 20% of your salary every payday.

Millionaires live below their means. Most millionaires are not fund of showing their wealth by living a lavish lifestyle. We are oftentimes compelled by media to live extravagant because that's how media portrays how millionaire lives – large houses, luxurious cars, expensive jewelries, etc.

However, a lot of millionaires are simple. They wear simple clothes, live in a simple house, drives simple car and yet you will know they are already a millionaire by examining their bank accounts, their stock portfolio and other investments.

Millionaires know how to budget. One way to live below your means is to budget your income. You should assign every peso for each of your expenses every month after taking out your savings from your income.

MILLIONAIRES ARE FINANCIALLY LITERATE:

Millionaires know how to invest. The first thing to be financially literate is for you to know that the value of money depreciates over time because of inflation. And that is why you need invest. You need to let your money work for you because you worked hard to earn it. You should know how to read numbers and to understand some basic accounting terms.

Millionaires are familiar with the terms active income and passive income. You should have a lot of income streams. If you lose one, then there could be other streams that can support you. You should not just put all your nest eggs in one basket but in a diversified portfolio that may probably contains stocks, bonds, real estate, and other investment vehicles. Educate yourself with these types of investments and how these investments provide returns for you and what are the associated risks involved.

Millionaires start early. You should be informed that time is essence in becoming a millionaire. It's not a quick-reach step on top of a ladder but it involves a lot of time. It's not an overnight success.

MILLIONAIRES ARE DETERMINED TO BECOME MILLIONAIRES:

Millionaires have goals. You should start with a goal. It will serve as your target and gives direction to your actions. There will be a lot of temptations out there that can sway you away towards reaching your goals but it's just a test of how determined you are. You must possess the drive and the will power to overcome these challenges. You should have the discipline to achieve success. Overcome your fears. Believe in yourself that you can become a millionaire! You can do it!

Millionaires have mentors. You should get yourself a mentor. He will serve as your guide to become a millionaire. He might not be physically present all the time to teach. You can buy his works of art like books in which he shared all the things that he went through in order to achieve his millionaire status.

Mingle with the same people who have the same mindset as yours. Learn from each other. Create value to each other. Surround yourself with positive people, people who can help you and teach you to reach your goals to become a millionaire. Read books that inspire you, that keeps your drive in flame.

Overall these are the collective thoughts I knew on how to become a millionaire. But I can summarize all these in one line - EARN MORE and DESIRE LESS

Are you ready to become a millionaire? Are you a millionaire in the making?

Why I enrolled at RFPI?

Why I enrolled at RFPI?

by: Denky dela Rosa, MD

I have just completed the course for registered financial planning (RFP). Was it worth it? Certainly! It opened my world to so much information which many of us only take for granted. I had so many AHA! moments in the course such as realizing that investment risk is not something that you must resist at all costs but something you must learn to minimize. You don’t need to have a financial background to appreciate the education. They are able to explain the concepts in easily understandable terms.

Many have asked me why I took the course. I guess it all started with Oprah. I saw an episode where her guest was Suze Orman and I was fascinated. I kept hearing her mention about financial planners so I started asking around for them here but I couldn’t find any. Last December, I saw a magazine article written by Al Sembrano and I noticed his title RFP. I googled RFP and stumbled upon the website of RFP Philippines and saw that they were offering a course in financial planning and the rest was history.

You may still be wondering why enrol when I can just hire financial planners to do the planning for me. I think the bottom line is my desire to keep on learning. “Continuous and never ending learning and improvement” is one of my mantras and it has always served me well. Here are the reasons why:

1. Innovation is the name of the game. I know of a couple in their 60’s who used to have a printing shop. They lived quite comfortably in their early years and provided well for the children. During the time that I met them, they were no longer in excellent health and had to undergo a few treatments here and there. I would prescribe some medications and ask them to undergo some tests and come back in a week or two. Often, they would miss the appointment and a skip a number of doses of medications. On one occasion, I asked them how come they were having financial difficulties when they had their own business.
They said that new technologies have practically made their services obsolete and the volume of their business has gone very low. Why is it that some companies have thrived for decades while others have died? I think the answer here lies with our abilities to adapt to the changes and embrace them like they were our loved ones. The younger generation may not be familiar with the walkman and betamax because they now have their ipods and DVD players. This is what innovation means.

2. Diversification. Many people are losing sleep over fears of losing their job. Some people fear that they are somewhat old to be hired again while others are afraid because their skill is so specialized that no other industry will utilize their services. Take the case of the auto industry worker who is excellent in making cars but has not developed himself in other fields. “Who else will hire me?!” is probably nagging in his head. The same is true for a company who has specialized only in making a certain part for the auto industry and is now fearful of losing his business. He does not have the means to cushion the blow of this tragedy.

In investments, diversification of portfolio is crucial in minimizing losses. Big corporations such as Ayala and SM thrive over the long haul because their business is not concentrated in only 1 or 2 sectors. They engage in entertainment, banking, insurance, real estate, telecommunications and many more. So why is it that most people are concentrating in only one craft or one job? Many of us will say that we don’t have time anymore to engage in other things. But I think we simply refuse to admit that we are afraid to step out of our comfort zones. The current events has taught me that diversification of abilities and sources of income is now a must in order to prevent the risk of being wiped out and devastated after losing a job or being caught in the middle of the demise of an industry. We can no longer rest on our laurels no matter how stable the company is that we work for or how thriving our business may seem. We must keep on diversifying and growing until we leave this world.

3. Knowledge is power. Have you ever bought something only to find out that it was not exactly what you were looking for and because the salesperson was so glib in convincing you of the benefits of the product? Admit it, all of us have fallen victim to this scam at some point in our lives. Many people have been enticed by high yielding investments without really understanding what they were getting into. Marketing will always be there to hound us and there will always be bad people preying upon us. Emotion and ignorance are enemies of financial well-being. Money governs everything that we do. Money makes the world go round. We all work so hard for our money so that it only makes sense for us to exert all effort to ensure its safety and the only way there is, is by educating ourselves. Education (especially financial education) makes us more rational and enables our better judgment.


There is a formula to live a good life as well as a solution to all of our problems. I just haven’t figured out the entire equation for now but I am certain that never ending learning is a major part of that equation.

Warren Buffet said: “The best asset you have during the time of recession is your talent”. I’ll have to end here. I don’t want to be late for my next class.

Registered Financial Planning Program

Financial Planning Program
What will I learn in the RFP® Program?

Module 1 - Behavioral Financial Planning

* Apply household finance and its economic and financial underpinnings to improve your personal financial planning
* Differentiate various types of household expenditures assuming the household as a functioning enterprise
* Apply cash flow analysis, develop savings approaches and employ financial ratios to household finance

Module 2 - Financial Planning Process

* Find out why financial planning is important to your personal financial health
* Learn how to apply the financial planning process for yourself and your clients
* Understand the particular needs and behavior of people for whom planning is to be done

Module 3 - Time Value of Money

* Develop a working understanding of compounding
* Apply time value of money principles in day-to-day situations
* Establish the effect of inflation on the purchasing power of the peso

Module 4 - Investment Planning

* Apply risk and return principles to investments
* Evaluate the factors that enter into investing
* Recognize how portfolio management differs from individual asset selection

Module 5 - Tax Planning

* Learn Value Added Tax (VAT), Income Taxation and others
* Develop a knowledge of key tax-planning strategies
* Compare the tax benefits of major investment vehicles

Module 6 - Estate Planning

* Determine what estate planning is and how to employ it
* Recognize the merits of having a will and establish the steps in an overall estate plan
* Develop several tax reduction strategies

Module 7 - Insurance Planning

* Apply retirement needs analysis
* Appreciate how risk can risk can alter the capital needs calculation
* Perform an insurance needs analysis

Module 8 - Financial Planning Practice

* Apply the six step process in making comprehensive financial plan
* Appreciate how financial planning concepts are used in actual case
* Demonstrate how financial planning can improve the profession

How do I become an RFP®?

Once you complete the modules and pass the assessment paper, you can apply to become Registered Financial Planner (RFP®) of RFPI USA. As RFP®, you can put "RFP®" after your name to signify your competence in financial planning. You can also practice financial planning as an alternative profession to your clients and friends, and you will get regular technical sessions and support from RFP® Association of the Philippines for updates and further training.

For more information, logon to our website at www.rfp-philippines.com