Tuesday, October 28, 2014

How to Spend your Sembreak Vacation Meaningfully

Sembreak is one of the most awaited period of most students, especially those busy college students! But when this period approaches, it seems that the days just passed by. Most students were not able to maximize their long vacation.

Create a schedule of your planned activities. You have one or two weeks to spend (minus the days you need to get your grades and enroll for the next semester), so it is good if you have the list of what you want to do.

You don't need to spend too much money to enjoy this short vacation. Some youth even make money during vacations!

Here are some tips on how you can have a valuable sembreak vacation:

1. Visit your old classmates and friends

After highschool graduation, some of your barkadas have gone through different schools to pursue your different preferred courses. This could be a good time for your mini reunion. Just a simple kamustahan or overnight movie marathon will be fantastic!

2. Attend relatives

Since sembreak includes All Saints and All Souls day, it is good to visit not just your beloved ones who passed away, but also those relatives who live far from your places.

3. Write reflection

Recall your achievements on the first semester. Also acknowledge your weak points, and think of ways how you can improve yourself.

4. Read books

I know this might sound boring to some youth out there, but I encourage you to read books. Fiction (fantasy novels) will make you relax and "out-of-this-world". Non-fiction and self-help books will make you see deeper the beauty of life. Choose books that will give value to you.

5. Prepare for your subjects on the next semester

Yeah, this is more boring than the previous one, you might think. But if you want to pass all the subjects on the next sem, you should take them seriously. This short vacation is nice time to prepare. I'm not telling you to spend all your days to study. Maybe 3 to 5 days will do, depending on you.

6. Do something you have missed

You have been busy on your studies before, so this is a great time for you to do those things you missed - play instruments, do outdoor activities.

7. Volunteer

The universe need your help each day. There are lots of blessings you can receive if you volunteer. You can be a choir, lector, server in your church.

8. Look for something you can earn from

If you have a not-so-busy schedule for the next sem, maybe you can be a working student! Start looking for a part time job this short vacation. I started doing an online writing job (part time) in October 2011, during our sembreak too.

With these tips, I hope you can have more meaningful sembreak!

PS. Our team is conducting Free Financial Management Seminar in Makati. We teach people how to manage their own money. From our seminar, you can learn how to manage you baon! Last August, students from Batangas State University have visited us. Click the link to learn more: Truly Rich Free Seminar

Hope you have a sembreak vacation full of abundance! :)

Saturday, October 25, 2014

7 Tips on How to Maximize your Budget this Season

Christmas day is coming! Of course, everyone wish to celebrate the birth of Jesus with happiness and grace! So how will you budget for the coming of this season? :)

Take note that you don't need to have too much money (but good if you have plenty!) to enjoy this season. It's a matter of how you plan and budget so you can maximize your resources and have more fun!!!

Photo Credits: www.blackbullion.co.uk

Let me share with you some tips for your budget this season! :)

1. Birthday gift to Jesus

I have learned this abundance formula from Bro. Bo: 10-20-70.
That means, you separate 10% of your monthly income and give it back to God. I know that most of us receive our 13th month pay and/or Christmas bonus. I encourage you all to give the 10% as your birthday gift to Jesus :) After all, He is the reason for this beautiful season!

2. Make a list of Christmas presents

It is one of the Philippine's cultures to give gifts during this Season, especially for their inaanak (godchild). Aside from gifts to your godchildren, you may also wish to give gifts to your family and friends, if you have extra money for it.

I suggest that before you go shopping, prepare a list of the people you will be buying gifts for. This will also make you shop faster, without forgetting anything. 

3. Know what gift to buy

Most people, especially kids, don't look at the price of the gifts they receive. Kids often appreciate gifts that they love to play with. So if possible (especially if you have limited budget), do some research about what the kid wants to receive. You can ask your kumare or kumpare (parents of your godchild) what your inaanak love.

You may have bought an expensive walking Elsa (of Frozen) doll, but your inaanak seems to like Anna. 

4. Shop earlier

If you already have the money, better go shopping for the gifts while people are not yet rushing. Divisoria in Manila is one of the best place to shop because of its affordable price. You just need to find a good quality. But as the season approaches, more people will be rushing on the place. So if possible, shop earlier so you can avoid the season's rush. 

In addition to that, most Divisoria vendors are most likely to give discounts at the month of October up to November than in the month of December, when the demand is greater during the passed 2 months.

5. Check stores where you can buy cheaper yet interesting gifts

Nowadays, most stores have websites or Facebook page. You can also check their gift prices, and compare them with other online outlets. 

Big malls such as SM and Robinsons also declares 3-day-sale. You can find good gifts at lower prices during those days. You may check their schedules online.

6. Try to visit Christmas Bazaars

Christmas bazaars open only during the Season (obviously!). Bazaars have different schedules and venues, so better check online first. Bazaars have cool items, and most even come at cheap prices.

7. Use discount coupons and gift checks

Companies, especially those with memberships, often give discount coupons, holiday promos and gift certificate to their regular customers. Some people don't value much these incentives. If you receive these, be grateful! :) I often receive coupons from restaurants. Coupons that will give you freebies when you buy a certain amount, and it feels good to have some freebies!! :)

Well, that's how I maximize my not-so-big budget :P
I hope I helped you make your own budget too :)

P.S. By the way, my team IMG - Truly Rich Makers is conducting Financial Literacy Seminar in Makati, for FREE!!! Click this link to learn more: Financial Literacy 101

Saturday, October 18, 2014

6 Filipino Beliefs that Hinder you from Investing (Part II)

Filipinos have different views about money and investing. On my previous article, I shared with you 3 common Filipino beliefs about money. Those three are beliefs that connected with religion and faith.

Now, let me share with you another 3 common beliefs that make Filipinos never invest for their future. I also shared my views about this belief, and why it should never be believed in anymore…

“I don’t want to lose money!”, “I’m afraid of losing.”

Most Filipinos are afraid of losing. They don’t want to “give away” their money on any investment because of the fear of what might happen. Maybe because in their past, they have been scammed on an investment. Or maybe the companies they have invested to have been broke.  Or their friends or neighbor experienced such.
Well, those are just mistakes that made them lose portion of their money. But Robert Kiyosaki said in their (co-author with Donald Trump) book Midas’ Touch, that in order to be successful, you must learn how to turn your bad luck into good luck. For every failure you have done, you must have learned something new that will make you into a better person.

Both Robert Kiyosaki and Donald Trump have failed. And they are not afraid of failing again so they keep on moving! Look at them today, they belong to the richest men in the world.

Do you think investors like losing their money?

Of course not!

Successful people always have positive attitude when they fail. They use their failure as an inspiration. They are not afraid of losing, but they hate losing. So what do they do when they lose?
They study. Then study again.

They might lose their money, but never their determination, hope and focus.

You might lose some money before, but never shall you lose your determination and focus.

“It’s just another expense.”

Filipinos are known to be “kuripot” or thrifty. In terms of consumption, most Filipinos prefer the cheaper ones. They want to save as much as they can. But they don’t want to invest their money. They only want to keep their money. When you suggest to get an insurance, all they can see is just an additional monthly expenses. They do not appreciate the future bigger value of the money they call “expense”.

These people do not know the principle of paying yourself first. After getting their salary, they immediately pay the bills. But never pay for their future needs, through investment.
My friend, investing is not an expense! It’s too different from your monthly bills. Your money that goes to your investment is still yours, but not the monthly bills you are paying.

“I’m not good in numbers. I can’t understand graphs and charts.”

Many Filipinos chill when they encounter mathematics. When it comes to money and investing, they often think of it as numbers and figures, which they think they will never understand.
In reality, investment speaks numbers but far differ in mathematics at schools.

If you want to invest, you don’t need to master the language of investing. You just need to understand it, but never need to spend most of your life analyzing the numbers, graphs and charts.
I suggest to get a mentor when you want to start your investment. Our mentor is Bro. Bo Sanchez, and with the help of his team Truly Rich Makers we are continuously learning how to invest the right way! J

Philippines has many hidden treasures.  In this modern day, the Philippine economy is growing. You can take advantage of our booming economy, just take time to study how. There is a massive amount of treasures waiting for you, if only you put away those Filipino negative beliefs about money and investing! Start investing today and achieve your financial freedom! :) Attend free financial seminar! Register here: Truly Rich 101