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Showing posts from December, 2016

Merry Christmas & A Happy New Year!!

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A Guide To Registering Your Business

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Source: DTI Pamphlet (You can download the picture to clearly view the requirements)






Five Things To Know In Creating A Business

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When I read the Millionaire Fastlane book, I came across the five fastlane commandments in creating a business - NECST. I remembered Michael Porter's five forces analysis. It is somewhat similar however, the former is easier to understand and I think it is worth sharing. Why? Because having a business is not about you; it is about the people surrounding you. So before you take that leap, make sure your business have satisfied the NECST.

(N) Need

Businesses that provide value win. Businesses that solve problems win profits. People care about what your business can do for them. How will it help them. Will it solve their problem? The correct foundation is externally based on needs in the marketplace.

Beware of the "Do what you love" phrase. Your love must solve a need and you must be exceptional at it. Think about what you love and then think will someone pay for it? Is it going to solve a need? Are you good enough to make money doing it?

(E) Entry

Have you ever wondered wh…

Stock Market 101 in Tag-lish - Part 2

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Bago ka mag-open ng account sa isang stock broker, alamin muna ang mga basics. Alam mo din kung ano ang risk profile mo. Mataas ang risk sa stock market pero kung kaya mo naman ihandle ito at pinag-aralan mo ito, ok lang na ito'y iyong pasukin.
Anu-ano nga ba ang mga dapat nating alamin pag pumasok tayo sa stock market?
1) Risks involved 
Ang pag-invest sa stock market ay hindi siguradong kikita ka dito kaya kelangan ang mga sumasali dito ay updated sa mga news na pwedeng maka-apekto sa merkado or sa company na binili natin. 
2) Kelangan ko bang imonitor ang aking investment?

Depende kung anong klaseng investor ka. Short-term ba, medium or long-term investor. Hindi naman kelangan araw-araw except for day traders pero kelangan paminsan-minsan e silipin din natin yung stock price at kung anu-ano ang mga developments ng company sa pamamagitan ng mga disclosures sa PSE website at yung mga balita sa news, tv or radio para alam natin kung ok pa ba o hindi yung company.

3) Anu-ano ang m…

Financial Planning: How to Begin? - Part 2

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After knowing your financial standing, you need to set your financial goals clearly but before that, you need to understand the basic financial terms such as compounding interest, time value of money, inflation, types of income, types of debt, leverage etc. Also, I would like you to understand the financial planning pyramid. This will be the basis of your goals.



As you can see, before you start accumulating your wealth, one has to protect itself first from unforeseen events such as death, illness, disability, job loss or accidents especially if you are the breadwinner of the family by getting insured as soon as possible. Because as you grow older, premium payments for insurances will be more expensive. This will also actually help you upon wealth distribution.
For those who cannot afford insurances provided by private institutions, I would recommend that you at least pay those government backed insurances such as SSS, Pag-ibig for retirement and Philhealth as health insurance.
Have a…

Will I Continue Paying My SSS or Not?

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I have encountered in some forums people asking whether they will continue paying their contribution or not upon reaching the minimum required contributions; and some comments would suggest that they stop paying and invest to maximize the return. Yes, it can be done. It's like BTID (buy term insurance and invest the difference).

Also, another reason why people discontinue paying their SSS contributions is because of the pension computation. They said that if you have been paying the minimum and instantly increased your payment to the maximum 5 years before retirement, you will get the same pension with the one paying the maximum. However, according to SSS, this is not true. One is not allowed to instantly increase it's contribution to the maximum 5 years prior to retirement. To understand more, SSS issued circular no. 2015-007.

  A) If below 55 years old , he/she can change without limit in frequency and in number of salary brackets in a given calendar year.

B) If 55 years an…

Stock Market 101 in Tag-lish - Part 1

Ano nga ba ang stock market? Market in tagalog is palengke so in short ito ay isang palengke. Palengke ng mga kumpanya na naka-rehistro sa SEC (Securities and Exchange Commission) at sa PSE (Philippine Stock Exchange). Ano daw? Para mas maintindihan natin, alamin muna natin pano nagiging publicly-listed ang isang company.
Kung magpapatayo ka ng isang business, pwedeng sole proprietorship, partnership or corporation. Ang mga nagpaparehistro sa SEC ay mga corporation. Pwedeng non-stock** or stock* corporation. Ang mga stock corporations lang ang allowed sa palengke. 
*Stocks or shares - ito ay isang patunay na isa ka sa may-ari ng kumpanya
**Non-stock corporations - ang mga owners ay hindi nag-iisue ng stocks. Parang cooperative, ang tawag sa mga owners ay members. Example: charitable institutions
Ngayon, kung napaka-successful ng iyong business at kelangan ng malaki-laking capital para mag-expand, naisip mo na sa public ka na lang magpapa-pondo kesa umutang ka sa banko. At para mangyar…

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