5 Financial Resolutions for a better and brighter 2015

This I got to post. If you're going to make a New Year's resolution, this must be included. You can't pretend that you're doing well financially if you have not done these major financial resolutions yet. 2015 is your time to start doing these. I hope this helps.

In a few hours, we’ll be welcoming the New Year with hope and enthusiasm. After all, it’s a chance to start our lives anew. We can pursue the dreams we may have left off, or perhaps start building something fresh and entirely different. The feeling that you are given a clean slate is exhilarating and exciting. It leaves you inspired to take on goals that we have yet to find the courage to start… until now.

How Your Hard-earned Money Can Grow For You

Matagal na din akong nagtuturo sa mga Overseas Filipino Workers (OFW) specially sa mga papunta ng Japan as interns under the JITCO program. More than 19 years na! Ito ang mga natutunan ko patungkol sa PERA, handa ka ng malaman?

1. Madali kumita ng pera. Hindi problema ang sweldo, lao na kung sila ay masipag, hindi salit sa ulo ni Shachou, mabait at masunurin. Kadalasan, meron bonus pa pag-uwi.

2. Marami sa mga interns ang nakapagpagawa ng bahay o napagawa at na-improved ang lumang bahay. Ito ang isa sa importanteng dahilan kaya nag-sasakripesyo ang intern na magtrabaho ng 3 taon sa Japan.

3. Marami ang natulungan ng intern sa mga pag-aaral ng anak, kapatid at minsan pamangkin.

4. Bihira ang umuuwi ng walang naipong pera. At least meron nakakapag-ipon ng 100,000 pesos (maliit na ito).

Are You Tired Of Your Lingering Debt?

That's the big question that many of us want to be answered. I have been there. It's only fairly recently that I am seeing changes in my finances. Would you believe that I have savings or should I say some investments now in the Stock Market? It's not BIG but compared to when I was working in Makati, I now have some!!! And I know it will grow. That's it, you need to know how to grow your money in order to get out of DEBT!

Here's an encouraging news that our mentor, Bo Sanchez, sent to all members of the Truly Rich Club. You see, I decided that I needed a mentor to help me grow my money. So, I joined the Truly Rich Club and since then I had taken advantage of every lesson being taught by Bo.

You will be informed and you will have to also make a decision when you read this very good article by Bo Sanchez.

Want Of Create Your Future Millions Through The Stock Market?  Now Is The “BESTEST” Time Get In.

          Forget my bad grammar.

          I’m making a very important point.

I believe that everyday is the BEST time to start investing in the Stock Market.  No kidding.  Because to start is glorious.  So many people don’t start!  All they do is talk about starting.  (Does this sound familiar to you?)

But there are days that are BESTEST than others.  (My Grammar teacher in grade school is rolling in her grave right now.)  And this month is one of those BESTEST days.

Why?  Because the Stock Market is down.  You see, in the past four months, we saw the Stock Market go up like a turbo rocket.  It went berserk.

But now, it MUST go down before it goes up again.  That’s just its cyclic nature.

That’s why—if you haven’t started investing in the Stock Market, get into it NOW.

Is This For You?

By the way, my letter today isn’t for everyone. 

Please disregard if this isn’t your concern.

I don’t expect everyone to join my TrulyRichClub.  

If this isn’t for you, I apologize for bothering you with this letter.

Because today,I’m specifically writing to people who want to grow their financial life—and who want my guidance in investing in the Stock Market.

Are you tired of being stuck in a rut in your finances?

Are you tired of your lingering debts?

Are you tired of feeling the pain of wanting to help people you love, but can’t, because you don’t have the resources?

Are you tired of your big fears and uncertainty?

Are you tired of working very hard everyday, only to realize that you don’t really have any savings for your future?

Just in case you’re that person, let me help you.

To know more about my TrulyRichClub, click the link below:

Yes Bo, teach me how to grow my money!

Tell me more aboutthe TrulyRichClub

May your dreams come true,

Bo Sanchez

PS. Don’t Miss This Window Of Opportunity When The Stocks Are Low.  To know more about the TrulyRichClub, click the link below:

Yes Bo, teach me how to grow my money!

Tell me more about the TrulyRichCl

Has The Stock Market Gone Up A Lot?

You and I have one thing in common, the desire to prosper. Oh boy, isn't it true? If only I knew how to invest 30 years ago, I could have been truly retired and being supported by my millions because of my investments!

Well, you can avoid the delay and can start now. Why not retire early, say 20 years from now, a millionaire? Is it really possible? You bet, it is now.

For this, I would like to share my mentor's article "You Think The Stock Market Has Gone Up A Lot?"

I can tell you, almost a year ago, I did what he told me to do, invest in the stock market, and I did. Now I can see why. I am learning a lot and ready to pass this on to my children to prepare them for their future. You too can.

Money 101: Q & A with Warren Buffett

Here's an article by Aaron Task which was published at Yahoo! Finance. There is something we can learn specially if it comes from the Warren Buffett.

You and your children will benefit from this interview with the famed investor, Warren Buffett.

To commemorate Financial Literacy month, Yahoo! Finance is proud to bring you a Q&A about financial education for kids with famed investor Warren Buffett. 

One of the world's richest men, Buffett is also the voice of a new animated series entitled "Secret Millionaires Club," which offers kids tips on investing and basic business concepts. "The more you learn, the more you’ll earn,” Buffett says in the series, which also features the voices of Jay-Z and Shaquille O’Neal. The first DVD of the series was recently released and is available for purchase on Amazon.com. More information can be found at www.smckids.com.

In addition to the Q&A below, we invite you to check out our newly refreshed Financial Education hub: Money 101. 

Every day Yahoo! Finance helps you make financial decisions with confidence and we also want to be your one-stop shop for financial education. 

As always, you’re feedback is welcomed: Let us know what you think.

— Aaron Task, Editor-in-Chief, Yahoo! Finance


Yahoo! Finance: How did you get involved in the Secret Millionaires Club?

Warren Buffett: My friend Andy Heyward, who is a producer of kids entertainment, and I came up with the idea to help educate kids about financial matters. I thought the idea of using the power of cartoon characters to carry a message was a good one, as is  teaching financial lessons at an age when it can help them.
 
YF: What does the term "Secret Millionaires Club" refer to?

WB: In the pilot episode, a group of kids come together to save their local youth center. In the process, they come across a valuable baseball card which they sell to save their youth center. They ask my help to help them understand and manage their money. In the process we form the Secret Millionaires Club, and have lots of fun adventures together learning about money and business.
 
YF: Is the goal to help kids understand finance and related concepts — or to help them learn how to amass wealth? Or both?

WB: The goal has nothing to do with amassing wealth, and everything to do with helping kids understand money, and develop healthy habits from a young age. Someone once said, “the chains of habit are too light to be felt until they’re too heavy to broken.” We’re trying to help kids develop healthy habits that will help them their whole life.  
 
YF: What are some of the key financial terms and business concepts you hope kids learn from the series? How did you learn them?

WB: Some of the lessons you’ll hear in this series are: “The best investment you can make, is an investment in yourself.” “The more you learn, the more you’ll earn.” “Learn from your mistakes, and the mistakes of others.” “Great partnerships make any job easier.” “Fail to plan, plan to fail.” “With business as in life, get to know people before you judge them.” “It’s not just the outside that counts, it’s the whole package."
 
YF: Is there anything you can share about how you taught your children about business and finance that other parents might adopt?

WB: All the lessons in Secret Millionaires Club are lessons I taught my own children. We produced this series to try and teach other kids, and in some cases, their parents! They are simple lessons that can help you in business and in life, no matter what age you are.

YF: What is the #1 thing parents should teach their kids about money — and #1 thing they should NOT teach them?

WB: Secret Millionaires Club has lots of good lessons about money such as learning not to spend more than you have, and saving for the unexpected, and not borrowing money unless you have a plan to pay it back. The series shows the consequences that can happen if people don’t make wise decisions. We’re trying to help kids develop good decision-making skills from a young age to avoid some of these pitfalls.
 
YF: Is the series aimed at kids specifically or is it designed for kids and parents to watch together?

WB: We created Secret Millionaires Club for kids, knowing it would also help parents. And it has. It provides stories that kids can relate to which help them understand different situations in business and in life, and hopefully help them develop the skills to make good decisions their whole life.
 
YF: Why do you think financial education is so important for kids?

WB: So many adults get into financial trouble, in business and in their personal lives, because of bad decisions. We hope to influence kids at an early age so they learn to think about their actions, and the consequences of making bad decisions. It doesn’t just influence success in business, it influences your family life as well. We want to help guide kids toward leading more productive lives.
 
YF: Have you reached out to the DOE or other government agency to discuss building a curriculum for financial education in the public schools?

WB: We already have a program that is in thousands of schools and youth organizations. Every year, we have a contest called the “Learn and Earn” challenge. Thousands of kids use what they learn in Secret Millionaires Club episodes to come up with their own business ideas. The finalists come to see me in Omaha and present their business plans, showing what they have learned from Secret Millionaires Club. It’s a lot of fun for the kids, their teachers, parents, and most of all for me! It shows that at a very early age, kids not only understand financial matters, they come up with some pretty terrific business ideas themselves!
  
YF: What's an appropriate age to start teaching kids about money?

WB: It’s never too early. Whether it’s teaching kids the value of a dollar, the difference between needs and wants, or the value of saving. These are all concepts that kids encounter at a very early age, so best to help them to understand it.

Photo credit: http://finance.yahoo.com/news/money-101--q-a-with-warren-buffett-140409456.html

Choose To Make Your Money Make More Money

I am amazed at the response of people whenever I talk about "Managing Your Resources", a quick view of how people can create wealth through the resources God has given us.

I teach this lesson mostly to our workers going to Japan as interns under the JITCO/POEA program.

Their response? Their eyes brightens up and I feel hope starts to swell in their hearts!

Using Robert Kiyosaki's "Cash Flow Creating Wealth" and "Cash Flow Creating Poverty", they realized that it is possible for them to be millionaires if they can manage their money well by making "savings" a priority in their budget. Then, learn how to make their money make more money by "investing".

They don't teach this in school.

Investing For Your Future

Why do the rich gets richer and the poor gets poorer? Is it true in your case? In the Philippines, it looks like the concept is true. It became clearer to me when I ventured into investing in the Stock Market.

About the last quarter of 2012, I decided to try the stock market and prove that what my mentor, Bo Sanchez, says is really working. He said, he taught his maids how to invest in the stock market and they are successful! I thought, if his maid can invest, there's no reason I can't.

How to Become Financially Independent in Seven Years or Less

I am 59 and looking forward to a financially stable life. I can't complain, but I also want more in life. I feel I am just beginning to accelerate in my quest for financial independence. That's part of the reason why I blog. It helps me discover out-of-this-world ideas, opportunities and people. I learn from them.

Mark Ford, Editor of the Palm Beach Letter, son of a teacher, started out with no money but built a multi-million fortune.

If you are middle aged, whose net worth is meager,  and your income is barely sufficient to meet your expenses, this article is for you. He says that we should take responsibility for our situation and make changes. When we see our financial goal not aligning with our age, we are to take courage. Don't give up on your dream of being wealthy. Mark says that we always have the ability to change our financial life. But it will take a bit of time and patience.
Here are four things he suggests we do:

1. Accept the fact that you are solely and completely responsible for your financial situation. Nobody can change your future but you. The sooner you do that, the anger and blame will be dealt with and you begin to feel financially powerful.

2. Set realistic expectations. Don't be in a hurry to get rich. Be contented with 10%-15% returns per year. This is a journey and like a train, you can't go from 0 to 100 mph in no time flat. Be content with 10 and then 20 and soon you're doing 100. Your journey to millions of dollar is earned $100 at a time.

3. Thoroughly understand the difference between spending, saving and investing. Mark says that every paycheck you get cover your necessary expenses first, then put money on your savings and then put some money toward investments. Then and only then, after paying yourself, should you add to your spending.

4. Recognize that your net investible income (the amount of cash you have after spending and saving) is the single most important factor in determining how quickly you will become wealthy. Commit to adding to your income a second income.

I love the what he says about the value of time: devote your time to wealth building rather than spending time on non-productive hours like watching TV.

I am so happy to discover this very practical and doable tips from a man whose been there and came out successful. If Mark can do it, we can.

To your debt-free life,
Jimmy

P.S. I have changed the way I think. Blogging  about my passion, helped me gain not only personal but global economic realities.

Photo credit: http://www.flickr.com/photos/rmgimages/4882450962/sizes/m/in/photostream/