Building a solid financial foundation

[muchosgracias]

Wanna know more about investments and how to take care of your financial future? Wanna know more about how money works and how it can work for you?

We, at International Marketing Group, might be of help.

Send me a message.

[muchosgracias]

sharing some wise words...

It is a common misconception that money is the root of all evil. Rather, it is LOVE OF MONEY that gets people into trouble. Money, in itself, is neither good nor evil. It is a tool; like fire. Use fire wisely and it will keep you warm and cook your food. Use it carelessly and it can kill you and your whole family. Same thing with money. Use it wisely and not only can it free you from the rat-race, it can allow you to help more people. Use it wrongly and it can destroy your family. Ultimately, it is up to you to decide how to use it -- for good or for ill. >> AYA LARAYA

[muchosgracias]

‎5 Truths Why You Should Consider Investing In the Philippines:

1. Philippines lent $250M to IMF to aid Europe. – Imagine, we are now a “net creditor” unlike before when we’ve always been considered “net debtors”. Other countries need our help in order to save their economies from collapsing.
2. Philippines call centre industry overtook India’s 2 years ago. – India has always been No.1 in terms of the BPO industry. Amazingly, we have been beating them since 2010. Foreign investors continue to pour in investments in our country, with an overwhelming increase in call center agent requirements, pushing TESDA to conduct more trainings extending to the provinces.
3. Philippine incomes have grown 58% in the last 5 years. – notwithstanding the 2008 Global Financial Crisis, companies in our country have been growing in leaps and bounds despite international crises. While many companies in other countries have closed, in the Philippines = many businesses have been expanding.
4. Philippine economy has been growing for >10 years. – an astonishing 6.4% GDP for 1stQ (way beyond the expected: 5.00%) compared to our neighbours in Asia with 2% GDP on the average.
5. Interest rates are as much responsible as ‘domestic-driven'. – rates will continue to be low due to our country’s very healthy fiscal position.

Other Highlights:
· Ratings agency Moody’s downgraded many of the world’s biggest banks on Thursday, lowering credit ratings of 15 companies by 1 to 3 notches while they are upgrading the Philippines (for the 2nd time this year) to Investment Grade.
· The economy appears headed for faster expansion in the 2nd quarter given continued improvements in an index tracking 11 key indicators, according to the NSCB
· Data from the Bangko Sentral ng Pilipinas (BSP) showed that the number of banks and branch offices reached 9,186 as of end-March this year, 316 more than the 8,870 recorded in March last year
· BC expects to post an improvement in the 2nd quarter as its new investments are expected to start showing results

We in RSA are very confident about our country’s direction. Many fund managers believe that this is one of the longest “winning-streaks” for the Philippines which actually started 2010 and is projected to extend to 2014. There’s really no better time to accumulate than now. Sad, but it’s good if we can all take advantage of the problematic situation abroad (Europe, US). Remember, our country will just continue to benefit from a lack of investor confidence in these markets. Let’s seriously consider investing in our country. Unfortunately, up to now not many know that Philippines is indeed in a “sweet spot” for investments these days.

Projected Earnings of our Local Mutual Funds by 2012:

Equity Funds = 25-30%
Peso Bond Funds = 6-7%
USD Bond Funds = 4-5%

[pinoyinvesting]

saving is the prerequisite of investing.
so have the discipline and drive to save

[muchosgracias]

i soooo agree!

[clumsygeek09]

YOUR SAVINGS, believe it or not affect the way you stand, the way you walk, the tone of your voice. In short, your physical well-being and self confidence. A man without savings is always running. He must. He must take the first job offered, or nearly so. He sits nervously on life's chairs because any small emergency throws him into the hands of others.

Without savings, a man must be too grateful. Gratitude is a fine thing in its place. But a constant state of gratitude is a horrible place in which to live. A man with savings can walk tall. He may appraise opportunities in a relaxed way, have time for judicious estimates and not be rushed by economic necessity.

A man with savings can afford to resign from his job if his principles so dictate. And for this reason he'll never need to do so. A man who can afford to quit is much more useful to his company, and therefore more promotable. He can afford to give his company the benefit of his most candid judgements.

A man with savings can afford the wonderful priviledge of being generous in family or neighborhood emergencies. He can take the level stare of any man... friend, stranger or enemy. That ability shapes his personality and character.

The ability to save has nothing to do with the size of income. Many high-income people spend it all. They are on a threadmill, darting through life like minnows.

The dean of American bankers, J.P. Morgan, once advised a young broker: "Take waste out of your spending; you'll drive the haste out of your life."

If you don't need money for college, a home or retirement, then save for self-confidence. The state of your savings does have a lot to do with how tall you walk.