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Financial Planning and Workshops!
September 19, 2009FINANCIAL EDUCATION IS THE KEY TO FINANCIAL INDEPENDENCE
I
It was not many years ago that with a little hard work and careful budgeting, most families could realize their dreams of buying their own home, sending their children to college or retiring in relative comfort.
But in the blink of a generation, the financial landscape changed dramatically for today’s families. Skyrocketing costs, mountains of debt and lack of savings have forced families to downsize or even eliminate their dreams.
Each month, families find themselves walking a financial tightrope, hoping to stretch their income just far enough to cover expenses, and to avoid that one false step—a termination notice or a medical crisis—that could send them plummeting into ruin.
Not too long ago, a parent can raise 10 children.
Today, the 10 children cannot raise a parent.
…and a couple, both working ,can hardly raise 2 or 3 kids.
At IMG, we believe that YOU should not compromise your dreams. Instead, we advocate taking a practical approach to finances, one that incorporates powerful financial concepts and programs to provide YOU with the tools needed to make smart choices. We believe that Everyone, if given the right information, can achieve Financial Independence.
If you think Financial Education is expensive and a waste of time, try Ignorance!
The need exists for widespread
FINANCIAL EDUCATION
But how do YOU gain this knowledge?
Schools rarely teach it. Families hardly talk about it.
Unfortunately, unless YOU understand the power of money, YOU can’t put it to work for YOU.
Workshop Overview:
Wealth Academy training program will provide every participant a “Blue Print of their Financial Future”.
How the Participants will benefit?
TRAINING METHODS:
This life changing training program provides an interactive approach to every participant. Its comprehensive modules allow the participant realized their current financial conditions. We provide practical approach workshops to determine “How much money is enough”.
WORKSHOP OUTLINE:
Series 1: Financial Solutions/ Wealth Management
This series is designed to provide a simple, clear, comprehensive and practical approach to Personal Financial Planning. It presents the vital concepts and principles necessary for anyone desiring to get out of debt and build wealth for his/ her family.
- The Six (6) Steps to Financial Independence
- The X-Curve Concept: The Blueprint of Financial Planning
- The Rat Race Cycle: The Reason Why Most People Struggle Financially
- Debt: Friend or Foe?
- How to Increase Cash Flow
- How Money Works
- The Wealth Formula
- The Rule of 72: The Power of Compounding Interest
- Fundamentals of Investments
- Putting the Allies of Wealth to work for you
- Overcoming the Enemies of Wealth
- How to Build a Solid Financial Foundation
Duration: 1 ½ hour
Series 2: Finance 101
A more intensive and powerful discussion of wealth-building and wealth-protection principles, this series focuses on how one can truly build a solid financial foundation. It presents the different investment options one could undertake to build wealth. It also reveals the Secret of the Financial Industry-how they rob people’s money-the things you ought to know.
- Building a Solid Financial Foundation
- The Three (3) Secrets of Insurance
- Rules in Investing
- Different Investment Vehicles
- Mutual Fund vs. Investing in Stocks
- Investment Strategies: How to Minimize the Risk and Maximize Profits
- Money Cost Averaging
- Diversification and Asset Allocations
- Retirement Strategies
- Providing Proper Protection for Families
Duration: Two (2) hours
Series 3: Financial Planning and Management Workshop
A higher level learning, this seminar will guide you in planning your financial future. It will help you realize your current financial position, set goals, and create a concrete plan to achieve your family’s financial objectives.
- Financial Goal-setting, Coaching and Mentoring
- Financial Check-up and Needs Analysis
- Starting Your Personal Financial Strategy
- Debt Management: How to Escape the Grip of Debt
- Fortune from Small Change: The Investible Fund
- Statement of Income and Expenses
- Statement of Assets and Liabilities
- Estate Preservation
Duration: Two (2) hours
Series 4: Creating Multiple Passive Income Streams
This series provides a powerful approach on how to get started building multiple streams of passive income.
- The Different Sources of Passive Income
- Active vs. Passive Income:Three (3) Kinds of People and How They Make Money
- Creating Multiple Passive Income Streams
- Becoming Your Own Financial Expert/ Bypass the Middleman
- New Concepts of Making Good Money
Duration: 1 ½ hour
A minimum of Fifteen (15) participants, and a maximum of Thirty (30) participants per session are recommended.
Equipment Needed: OHP or LCD multimedia projector
WE CUSTOMIZE DESIGN OF TRAINING PROGRAMS FOR EXCLUSIVE RUNS!
The Financial Management training program and workshop is open to all kinds of groups and organizations like corporate, cooperative, school, church, rotary club, etch.
You can also booked us for retreats, team building and other related activities.
We also conduct Pre-Retirement Counselling Program, family or individual financial needs analysis.
Financial Management Training Includes: A “Life Changing”, learning experience complete with Workshop Materials, Wealth Calculator, Certificate, and more.
For Details please contact:
JAY C. GALANG
ASSOCIATE FINANCIAL PLANNER
Trainer, Wealth Academy
National Marketing Director, International Marketing Group
Professor, De La Salle- College of St. Benilde
Mobile: 0919.327.9960, 0916.696.1434, 0932.328.8682
Office: 02.812.2551 loc. 116 Direct Line: 02.568.1601
Email: jay.galang@img-wealthacademy.com , jaygalang@gmail.com
Website: www.img-corp.com; www.img-wealthacademy.com
The Road to Financial Freedom
by: Anna Marie Tagaan
One of the keys to financial freedom is to create a “Golden Goose”
where you can eventually live off the “eggs”. It was Aesop, who told a tale with a moral core in “The Goose That Laid the Golden Eggs”.
A man and his wife had the good fortune to possess a goose that laid a golden egg every day. For a while they were happy and lived well. But then they became impatient with how quickly they were accumulating their wealth. So they thought that if the goose could lay such a fine egg of gold, it must be lined with the precious metal. If they cut the goose open, they could get the gold all at once. Of course we all know what happened, the goose was just a goose and there was no gold inside. For Aesop, the moral of the story was much wants more and loses all. There is also a hidden message in this tale, - true gold comes from the process of creating.
Look after your Golden Goose. Never Mistake the Egg as the Gift. We have become a society that values things more than people. It is often joked, tongue-in-cheek that you are only as good as your last accomplishment. That is the ultimate lie. We are not a collection of the things that we do, the sale that we make, or the goal that is conquered. You are the gift. You are the Golden Goose. The egg is just the last thing you created.
Wherever you are right now in your life, please stop for a moment and hear this truth. The true gold lies not in the outcome or accomplishment, it is in the process of creating. When you give yourself a little space and care for the Golden Goose inside you, you will once again lay a golden egg. Don’t worry, there is nowhere to go, you have everything you need for the blissful life you desire. You just forgot where the true gold lives — inside of you.
Financial independence is a journey. And like any journey, if a person wants to travel from where they are to where they want to be, they need to know where they are starting from, where they want to be going, and the options of how to get there. And if they’ve never been there before, they need a map, even if it’s only used as a reference for when they lose their way or the planned road is temporarily or permanently closed.
What people are looking for is a roadmap to prosperity. That roadmap will differ from family to family and individual to individual. Each family has its own situation, needs, values, priorities and definitions of financial freedom. Furthermore, families and individuals want to educate themselves in how money works without being dependent on their bank, their insurance agent, or even their financial adviser. They want to be able to make their own choices for their own journey. And most want “enlightened” financial freedom - to achieve abundance without compromising their integrity, their values, their happiness or their friends. They want to understand basic financial principles so that they can develop “golden eggs” from their own financial freedom “goose”.
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The Wealth Academy series answers this need to learn about financial literacy. It is not anymore something that only a few people know about. This knowledge is now made available for people from all walks of life. Before there is a saying that “the rich gets richer while the poor gets poorer”. This happens because financial education before was made available only to those who are capable to spend money on financial advisers and the like. Now, we can not say that anymore.
EVERYBODY can be rich. We just have to find the right environment, to learn and apply what we have learned. It is not our fault if we were born poor or less privileged. But IT IS OUR FAULT if we die poor. That means we have not done something for ourselves and our family. We must take charge of our future NOW! Let us not procrastinate and wait until it will be too late.
How do you feel today?
by: Jun Avendaño
Once, I was asked,
“What is the strongest feeling in this world?”
And without any hesitation I replied…LOVE
WRONG!
The answer is FEAR
Fear of rejection, fear of what people will say,
Fear of failure, fear of uncertainty and the list is endless.
Why is it very dangerous? Because it has many faces, it is very subtle, it is like a deadly virus creeping in one’s mind, body and soul….results….
Paralysis!!!
It can enter through our five senses and will come out in our face, in our eyes, in our mouth, in our hands, in our feet, in our pee, in our sweat, and in our own eyes.
WE BECOME small.
There are 365 days in a year, and its amazing that the BIG BOOK recorded “365 FEAR NOT”, ONE FEAR NOT EACH DAY.
KEEP YOUR EYES IN GOD, FOCUS ON YOUR GOAL, FOCUS ON YOUR FULL POTENTIALS AND ACT, AND SURELY, FEAR WILL DIE NATURALLY.
Average Filipino has Financial IQ of 48
Average Filipino has financial IQ of 48, says American bank
400 respondents polled
By Doris Dumlao
Philippine Daily Inquirer
First Posted 03:09:00 01/18/2008
MANILA, Philippines — Lacking confidence that their savings can cover emergency needs or support a comfortable retirement, the average Filipino has a “financial intelligence quotient” of only 47.8, less than half the maximum score of 100, according to Citibank.
The score was derived from the American banking giant’s Fin-Q survey, a study across the Asia-Pacific designed to measure the financial quotient or financial intelligence of consumers aged 18 to 40, who have at least a bank account or a credit card.
The survey, whose main findings were released at a press briefing Thursday, showed that 62 percent of Filipino respondents belonging to the middle-income working class had a score of less than 50.
No retirement planning
The survey, administered online and conducted in the last quarter of 2007, polled 400 Filipino respondents across the country earning an average of P30,000 per month.
About 30 percent of the respondents were earning under P100,000 a year, while 34 percent belonged to the P100,000-P300,000 income bracket.
About 28 percent were earning more than P300,000 while 8 percent refused to reveal their income bracket.
“Based on the Fin-Q results, only 1 out of 10 Filipino respondents is consciously saving up for retirement. The rest have some savings but don’t know if it will be enough. Others have no idea at all how much they need or have not started planning,” said Agustin Davalos, Citibank Philippines’ retail bank director.
“If they lost their jobs tomorrow, or suddenly fall ill and cannot work, their savings would last only for nine weeks (about two months) before they run out of money,” Davalos said.
The benchmark for a comfortable buffer in case of a sudden sickness or loss of job is to maintain liquid savings equal to three to six months worth of current earnings.
The survey also showed that almost 7 out of 10 Filipino respondents own insurance but only half of this number felt that the coverage was enough to protect them and their families.
Other key findings
Majority of the Filipino respondents attempt to come up with a monthly budget but only 33 percent stick to self-imposed expenditure ceilings.
More than half of the respondents save “when they can” but only 36 percent make it a discipline to set aside money each payday.
About 40 percent pay their full credit card balance monthly while a greater proportion are “revolvers” — 38 percent pay more than the minimum and 22 percent pay only the minimum required.
About a quarter of the respondents either own or rent a house.
Those who believe they have sufficient insurance coverage account for only 32 percent. About 36 percent have life insurance plans while 32 percent do not have any insurance plan at all.
On knowledge on investing in case of a sudden windfall, 53 percent know exactly what to do with their savings. However, a lot of Filipinos have not done much in terms of long-term financial planning as only 13 percent said they know exactly what to do before retirement and are on track with its plans.
More than two out of five have no idea how much they need for retirement or have not started planning.
Only 16 percent of the working middle-class have financial planning developed with financial professionals while 96 percent do not have a will to legally transfer assets and liabilities in case of death.
Eleven questions
Conducted by Australia-based CxC Consulting, the survey scored respondents on 11 different questions closely related to financial well-being, with a maximum possible score of 100 each –much like grading a student based on performance on individual subjects like Math, Science or English.
The questions ranged from their optimism about their financial future to approaches to budgeting and saving to whether they have a formal financial plan and an up-to-date will.
The study also incorporated separate attitudinal and lifestyle questions. The better the financial position is in one particular area, the higher the points garnered.
Credit card payment
In credit card payment patterns, for instance, a respondent who wipes out the entire credit card monthly debt (and thus avoids costly financial charges) gets the full 10 points while one who pays only a slightly higher amount than the required minimum payment gets 5 points. If he pays only the bare minimum, he doesn’t get any point.
“If you look at the areas where we need to improve on, that would be the state of our financial savings, having a formal financial plan and having an up-to-date will, which in turn should also ultimately improve our satisfaction with our quality of life and our confidence in financial future,” said Citibank research specialist Abby Chan.
“While the Fin-Q score may be disappointing, the good news is that more than half of the surveyed population believes in the importance of saving.
The problem lies in having the discipline to do so, which could be due to lack of resources or financial know-how,” Davalos said.
Sunny outlook
The survey also reflected Filipinos’ sunny outlook, as 64 percent said they were satisfied with their current quality of life and 77 percent were optimistic about their future.
“But it’s telling to see that you have 36 percent who said that they are not satisfied [with quality of life] and these are probably the people who sort of dragged down the Philippine score in this area,” Chan said.
“When we grilled down the people who are not satisfied, the saying that ‘money can buy happiness’ seems to work because those not satisfied are those who are significantly lower in terms of income, those who have not yet prepared for their retirement savings, and those who are not that secure about their current jobs,” Chan said.
As expected, younger respondents are more optimistic than their older counterparts because they have less financial responsibilities.
Citigroup loss: $18B
“Based on this survey, [we] learned that Filipinos have the willingness to save but not the discipline to make it a regular habit,” Chan said.
If it’s any measure of its own financial IQ, Citigroup, Citibank’s mother company, announced on Wednesday a huge quarterly loss of $9.83 billion stemming from its exposure in subprime mortgage investments amid the worst US housing slump in decades.
Citigroup has so far written down $18 billion for losses tied to subprime home loans and other risky debt.
What I Believe In
by: Jaime Lorenzo
Finding your Purpose in Life may be the most important discovery you could ever make. I was blessed to discover it three years ago. Today, at age 28, I have made it as my personal mission to educate people about financial literacy.
This is what I believe: Financial ignorance is a major cause of poverty. To put an end to poverty, we have to put an end to ignorance.
In the past three years, I have talked people from almost all walks of life—high income earners, low income earners, managers, employees, teachers, lawyers, doctors, OFW’s, seafarers, businessmen—and realized that no matter how big (or small) our income is, if we don’t (or don’t know how to) manage our money well, we will eventually lose whatever we have.
We need to learn how to handle our hard-earned money, regardless of the job, profession or business we’re in. We need to set goals for our money because others are setting their goals on how to get it. Learning the ropes about how money works is simple. Coming from a medical field, I can attest to that. I repeat. Becoming financial literate is easy…as long as we devote time and effort to learn. Most people want financial success, but it’s also interesting to find that most of them are unwilling to invest time for their financial education.
I have many friends working for big companies, here and abroad. They make good income, nonetheless. I often advise them to look beyond where they are right now. Making money is good (and fun too). But making money without saving part of it, making that saved money grow and work for you, is useless.
Realize this:
You could have a good, secure career in Singapore. Life in Singapore is, of course, important. But Life After Singapore is more important.
You could have a high-paying job in Dubai. Life in Dubai is important. But Life After Dubai is more important.
You could be an executive for a top company like San Miguel Corp. Your career there is important. But what’s there after your career that’s more important.
I BELIEVE in the importance of having a Financial Plan—a roadmap that will take us from where we are to where we want to be. Without it, we will never reach our goals.
I BELIEVE in the need for Financial Literacy. Without it, we will end up working hard for money for the rest of our lives.
I BELIEVE in the need to develop Discipline. Without it, success in any area is not possible.
Finally, I BELIEVE in Entrepreneurship. We need to sharpen our Entrepreneur mindset. Without it, our chance for financial freedom is far-off.
I found the things that I believe in and I’m putting my life to fight for it.
"Dead or Alive"
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RESURRECTED BECAUSE MY DREAMS CAME ALIVE!!!
How Financially Healthy are you?
by: Noel Arandilla
People want to know how money works & how they can make money work for them.
But how do you gain this knowledge? Schools rarely teach it. Families hardly talk about it.
Unfortunately, unless you understand the power of money, you can’t put it to work for you.
But navigating the maze of things about financial can be a confusing journey. People simply don’t know where & how to begin … and they are scared to seek financial advice as some group may take advantage of them.
Realizing that the need exists for widespread FINANCIAL EDUCATION, IMG established the Wealth Academy, a training series in the areas of Financial Planning & Management, Entrepreneurship, Investment Strategies, Investment Vehicles, Winning Principles, etc.
Wealth Academy Schedule: MORNING (Mon to Fri – 9am), AFTERNOON (Mon to Sat-2pm) EVENING (Wed & Fri – 7pm)
For details: Send your e-mail to wealth.icon@img-wealthacademy.com
Do you know people with no degree but wealthy?
Do you know well-educated people but financially struggling?
Do you know people with a lot of degree but working for people with no degree?
College degree is not enough to become financially successful, you need Financial Education.
You need to set goals for your money because others are setting their goals on how to get your money.
If you think FINANCIAL EDUCATION is a waste of time & money, TRY IGNORANCE!
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This will serve as ENTRY PASS to Wealth Academy Series 1-3:
TOPICS (Series 1-3)
Series 1: Financial/Wealth Management: How to Increase Cash Flow, The Law of Building Wealth, The Rule of Money, The Wealth Formula, Fundamental of Investments, Putting the Allies of Wealth to work on Your Side, Overcoming the Enemies of Wealth, How Money Works? How to Get the Highest Potential of your Money? etch
Series 3: Creating Multiple Income Streams: Breakthroughs and Innovations in Financial Solutions, Creating Multiple Passive Income Streams, Be your Own Financial Expert, Investment Vehicles, New Concepts of Making Good Money, etch.
Series 3: Financial Planning & Management Workshop: Goal-setting, Financial Check up & Need Analysis, Coaching & Mentoring, The “Investible” Fund, Fortune from Small Change, Statement of Income & Expenses, Statement of Assets & Liabilities, Estate Preservation. Etch.
Name:________________________________________
Sponsor: ______________________________________
3 TESTS OF SUCCESS
“It doesn’t matter how you started, what matters is how you are going to end”
2 Timothy 4:6 “I have fought the good fight, I have finished the race, I have kept the faith”
James 1:2-4 “Dear brother, is your heart full of difficulties and tempatations? Then be happy, for when the way is rough, you patience has a chance to grow. So let it grow and don’t try to squirm out of your problems. For when your patience is finally in full bloom, then you will be ready for anything, strong in character, full and complete.
TEST #1: FIGHT THE GOOD FIGHT
- Not afraid of trouble
- When problem comes you don’t quit, you push harder
- If it’s easy too succeed, everybody would do it
- Deal with the opposition, deal with your problems
TEST #2: FINISH THE RACE
- This is where the energy comes for the next challenge
- It is in finishing you find strength to next challenge
- 99% of the people would never finish what they had started
TEST #3 REMAIN FAITHFUL
- Continue to be a “goto person”
- Dependable
- Reliable
Where performance is measured, performance is improved
Winners don’t do different things, They do things differently
Success doesn’t means the absence of failure, it means attainment of ultimate objective. It means winning the war, not every battle.
Whatever the mind can conceive and believe, the mind can achieve.
IT’S TIME FOR YOU TO WIN!!!!! JUST KEEP ON FIGHTING!!!!!