Monthly Archives: May 2015

Winning financial formula for everyone

 


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Every one is designed to win, wants to win and end up being a winner. Financial problems have simple solutions but that doesn’t mean it is an easy battle. Living your life should be exciting but sometimes you got knock down. With the right amount of knowledge, skills, and attitude you will be back on track.
1.   Get a financial coach
In a generation that is full of information it is easy to get distracted. You badly need insights from someone who can understand and willing to work with you in order  to improve your behavior so you can reach your goals. The end goal of a coach is to simply improve  the clients performance in making sound financial decision. The client will be held accountable for the results of their financial health.   Whenever you watch  Weight watchers and Biggest Loser, those  reality shows have been successful because  of a lot of grind in the  process and change in mental state of the contestants. After the coaching sessions  you are expected to win long term not just for a couple of weeks because the coach was able to empower you with knowledge and equip you will great tools in making your dreams come true.
2.   Manage your cash flow or budget
If you do this everyday or every week am sure you will win long term. By monitoring your behavior and making some action plans after you see the evaluation of your spending pattern it will help you to move forward. Many people are stuck and don’t know what to do with the money they earn, they thought saving some portions of it is the end of the story. What they don’t get is they also NEED to manage the expenses. When you let the expenses overtake your earnings sooner or later you will be in slavery mode (Debt). But if you let that money be in its proper place you are in a good hands. Treat your money like a soldier, if you will place all of them in a war against your old habits (enemy) you will lose a lot of them.
  
3.   Get an Insurance that suits your needs
Many people still don’t see the value of insurance. In a country that most of the people are hardworking but have a poor financial literacy program it is really sad that they can’t see this as a goldmine. You need to get an insurance to secure the needs of the people that you love. If you don’t have a love one then don’t get it. Every body is going to die and you need to prepare for it. I recommend  you to think long  term and know your value. If you are worth 10 million today then get a 10 million or more coverage. Don’t just get one, ask from your insurance agents the things that you need to know or else they might not open up.
4.   Write your will
Imagine  that you have an establish career, your cash flow is good,  you got an insurance and thriving investment together with a happy family but what will happen if you leave the Earth without a will?
If you don’t have a written will and you have so much assets that you have when you die, a complete stranger will decide how to split the  estate  under your name and your love ones like your children will suffer because of that. You are the one to blame if you will mismanage it. Talk to Registered Financial Planners for more info about this.
5.   Revisit your career plan
Planning still the best way to prepare for the worst. Every year should be an exciting year. When mediocrity strikes you then you are setting yourself for less. . Domino effect will happen and you will end up unproductive. Your employer won’t think twice to kick you once your performance drop to the lowest level. Business is business and it will be better to let go of you.
The advantage having a career plan is you got a road map on how to climb up that mountain of road blocks ahead of you. Career choice starts within you not from your boss. You need to write down your skills set that will match to the next job that you have. Pray for divine intervention everyday because it will be a tough decision. You  either might resign and look for the job that you really want or stay within the same company but look for a higher position. Changing your career will also have an effect with your cash flow so you need to think and weigh in things for you to grow.
6.   Have a business.  
Being an entrepreneur needs a lot of commitment. But if you are dedicated to grow more with mistakes and not regrets having a business is a gateway to your success. Grinding and pounding to your next sale will help you get out from living from paycheck to paycheck. Everyone is not cut to be an entrepreneur but you need to think like one. You have crazy abilities. Know yourself and grow it.
I noticed that all billionaires are businessmen who started from ground zero. With your effort, passion multiply it with a really good attitude will help you go on a long way.
7.   Build your  retirement  plan
Study shows that more people once they retire from work are expecting a lot from Social security but according to the statistics, GSIS and SSS cannot sustain the lifestyle that you want. Now, if you want to live comfortably try to make a better choice. Build it brick by brick thru putting your extra funds  in a good pool fund or put it in a stock market with a combination of peso cost averaging multiply it with discipline your money will grow exponentially.  
Our economy is growing plus the pooled funds are doing really well. If you start with 5000 and every month you keep putting the same amount. Historically the equity funds can give minimum of 12% annually. When you do this for the next 30 years you will accumulate 8,258,577.94 regardless of the currency. With the compounding effect PLUS with time and value of money this will roll over and I think you can already live with a retirement in a decent way.

Image from Dave Ramsey Website Financial Calculator

David Isaiah Angway is a Financial Evangelist

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Filed under Business, Financial Coach, Financial Formula, Retirement, winner

Financial issues while you’re 20’s

Image from pop sugar
Every generation got a problem and a struggle. When you are young it gives you the ability  to make necessary changes but when you let your issues stay as it is and get out of control it will surely haunt you and derail your dreams.  There are numerous ways how to resolve it but identifying the problem will help us be in a really good position.
1. Brand obsession
Buying branded items are good but buying the same brand all over and over again whenever they release new products is totally outrageous. You are burning a hole in your pocket. Sooner or later you will have a bigger problem if you will continue this.  Being trendy is good but being financially savvy will be better. Practicality will keep you safe from trouble.
2. You want to get rich not be rich
Are you a pretender or a contender? Can you survive once you got an emergency? While you are young don’t just focus on your outside appearance, invest within yourself too. Many young adults keep on hopping in different industry looking for a higher pay so they can finance their lifestyle but they can’t sustain it in a long term. Invest in yourself, study another course. You need to simply change your thinking in being rich. A genuine rich person will never be insecure with their neighbors new phone, new car, new house. A rich person knows exactly their REAL value.
 3. Short term vision
If you got problem with your eyes it is really hard for you to move because you might get hurt. When your vision lacks clarity you are surely in trouble. You got a little problem if you have a game plan. How do you see your finances 5 years from now?  If you know exactly where you’re going then you will be in good shape. If not, then I recommend to think about that, before you construct your house and lay down the cornerstone you need to go back to the drawing board, have a blue print and put those ideas in paper. Try to read it everyday so it will sink in your system. Your vision might change over time but it will be better compare to not having one.
4. Go with the flow
One of the problem being young is the lack of experience and that is equals to shortage of wisdom. You are too busy following the norms and the culture without too much analyzing the effect of it  on the long run. When you follow every ones advice you will be lost. You need a game plan.  Don’t let other people’s lifestyle dictate your spending pattern. Don’t be shy to tell them that’s not on my budget because they don’t care when you are broke.
5. Credit card sucker
 Every month you can’t stop using it. Even in simple items you need to swipe your card. In a culture that debt is normal and having no debt is considered a freak you need to wake up.  Let me tell you that most people who spend using credit card has issue with acceptance and security. According to http://www.psychologistanywhereanytime.com/
With the ever increasing access to credit cards, the number of people with a shopping and spending addiction is astounding.  While the exact number is not known, It is estimated that there are over 14-15,000,000 shopaholics in the U.S. and that the U.S. credit card debt is greater than six hundred billion dollars.
I have a very simple solution to that credit card spending. Throw your card and only buy using cash.
6. Too much reward for yourself
You have a serious problem when you try this kind of life style; travel everywhere, party anywhere, sky is the limit when it comes to spending. I just want to remind you that you are not a rock star or celebrity, but even celebrities go broke sometimes when they cannot sustain this lifestyle with low earnings over bigger expenses. Rewarding yourself is a great way to give you some boost but if when you strike the balance with reward and wisdom you will hit the jackpot with great repeatability.
7. No financial heroes
Having no inspiration is a suicide. Try to look for an inspiration or a hero. Someone who will help you to achieve your dreams financially like your friend who are successful and books that’s very timely to your situation. Remember that you can’t do it all. Even superman got kryptonite that sucks his power sometime. So when everyone around you spends higher than they earn you badly need to be the hero in that generation.
8. You hate the idea of saving
There are people who don’t have any idea why savings is good. For them, saving money is more on depriving yourself with something that you really want now. Yes, they are somehow correct but they should focus more on WHY we need to have savings compare to  focusing on HOW they should save. If you got no savings you cannot afford the future. All billionaires understand the value of having a really good buffer (Savings). They can easily move whenever they need and want to.
9. Voucher fanatics
I love the idea of vouchers with a really big discount but according to studies it will increase your spending habits. When you love buying things that you want you normally go overboard with your real budget because you think you can save more. The problem with the idea is you think that the promo won’t happen again. With the fear and greed that you got it will increase your chance to have a financial disaster.    


David Isaiah Angway is a Financial Evangelist

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Filed under Decade, Finances, Personal Finance, responsibility, young

Open letter to borrowers (CebuanoVersion)

Disclaimer: This is a an open letter (Cebuano version) to all who doesn’t value their word when it comes to paying on time. I just want to show ang kahalagahan ng friendship over money and how much is the effect to the creditors. I think these are the words that you will say to your borrowers. 

Kabalo ka, naningkamot ko ug panginabuhi, nangayo ka ug tabang ug gitabangan tika.
Nagpasalig ka ug wla ko nagduda nimo kay amigo ta. Abi nako importante atong panag higalaay pero imo rang gibaylo sa ingani na kantidad. Sakit lang huna hunaon nga wala lang ko nimo gidaganan ug gitaguan pero imo pa gid kong giblocked sa fb. Sige tika tawagan pero dili nimo tubagon kung dili man cannot be reach (naa man tana signal sa inyo…joke.hahahha) Gisuwayan tika ug tawag sa numero sa imong gitrabahuan pero wala daw ka ug ang pinakamaot na tubag na akong nadawat kay nihawa na daw ka (dili uso ang 30days nga notice sa inyo bai??
Hahahhaha,,joke again) Nisulti ko sa tinuod para matabangan ka. Pwede ko mamakak para dili ka makahulam ug kwarta atong panahona pero dili ko daotan para buhaton na, amigo gid ta bai!
Katong kwartaha dako na kaayong matabang sa akong pamilya pero hangtud karon wala gihapon nimo gibalik. Daghan kaayo ka ug mga rason, kung dili sakit, walay trabaho, wala pay sweldo. Gisabot tika ug maayo katong naglisud ka pero katong gisingil na tika, ikaw pa nuoy nasuko? Imo pa kong gibali sa atong mga amigo ug gipanabi nga wala koy kasing kasing ug wala tika gisabot.

Kabalo ka bai, ok ra man mangutang pero bayad pud tawn sa saktong oras (ingon pa sa tindahan, credit is good but we need cash..hahhahaha. Naalala ko.super tawa naq sa part nato promise). Maayo kaayo ka muhatag ug didlayn pero dili diay nimo tumanon. Kulang nalang adtoon tika sa inyong balay para sukton. Tana lang mahuna hunaan pud nimo na kinahanglan pud nako katong imong gihulam na kwarta. Gisaligan tika ug taman pero miskan gamay wla jud ka nangayo ug pasaylo.ang bati pa ani kay kaduha na ni nimo gibuhat sa ako. Abi ba nako na dili na mautro na dugay ka mubayad. Makalagot lang huna hunaon na tungod nimo niagi ko ani karon. Tana lang makahinumdom ka nako ug da uban pa nimo nga giutangan.
Imong Amigo
Creditor
Thank you to the Black Pearl for the translation


David Isaiah Angway is a Financial Evangelist

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Filed under Bawal Utang, Cebuano Version, Creditor, Utang

An open letter to borrowers

Disclaimer: This is an open letter to all who don’t value their word when it comes to paying on time. I just want to show ang kahalagahan ng friendship over money and how much is the effect to the creditors. I think these are the words that you will say to your borrowers. 
Alam mo pinaghirapan ko yun kitain, humingi ka ng tulong at tinulungan kita. Nangako ka, di kita pnagdudahan dahil friends tayo. Mahalaga ang friendship natin pero pinagpalit mo lang ako sa THIS AMOUNT of MONEY.  Ang sakit isipin na di mo lang ako tinakbuhan pero you also blocked me sa FB. Whenever I call you di ka na sumasagot. Parating the number you are calling cannot be reach. I tried to reach you sa employer number mo kaso wala ka raw parati, ang malala nito ay nag-resign ka na raw. Nagsabi ako ng totoo para matulungan kita. Pwede naman akong mag lie na di kita mapapahiram ng pera that time pero ang sama ko naman kung mag lie ako diba?

Ang pera na yun pwede ko na matulong sa family ko, pero till now di mo pa nababalik dahil sa may sakit ka, wala kang trabaho, wala pa sahod. Grabe yung patience ko sa’yo para lumapit ka sa’kin. Nung ako na ang naningil ikaw pa ang galit. Ako pa ang nabaligtad, pinagkalat mo sa friends natin na wala akong puso at di raw kita maintindihan.

Alam mo okay lang mangutang kaso mas okay kung magbabayad ka on time diba.  Ang galing mo magsabi ng deadline di mo naman matupad tupad. Kulang na lang puntahan na kita sa bahay niyo para singilin ka. Sana lang maisip mo na kelangan ko na rin yung hiniram mong pera. Sa abot ng aking makakaya pinagkatiwalaan kita, ni sorry wala ka man lang pasabi. Ang masakit pa pangalawang beses mo na ito ginawa. Akala ko ba di na mauulit na late ka magbayad. Hayyy, so frustrating sana lang maalala mo ko at yung mga ibang pinagkakautangan mo.


Yours Truly
Creditor

If you have questions send me an email at david_angway@yahoo.com

David Isaiah Angway is a Registered Financial Planner and a Financial Evangelist

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Filed under Behavioral, Borrowers, Hugot, Payment Due, Utang

How to lend money wisely





Image by Lend Money

  

We all have been there: you trustingly lend your hard-earned money to a “friend”, and when it’s time for them to pay you back, they hide from you, come up with the most creative excuses or worse, ignore you. Sometimes, you get so traumatized and decide to just say NO to all those people who ask to borrow from you. But there’s good news: there are steps you can follow to reduce, if not eliminate, the risk of such financial and friendship losses.


The following are five practical ways and precautions to avoid such.


1. Give instead of lend–  When friends or relatives notorious for not paying their debts asks to borrow 5000 from you, promising to pay you back in 3 days, will you lend money to them? I shall use my Uncle Ben (Benevolent) rule here: You can give 1%-10% of the amount they’re asking for, if you think that can help them. Let us remember that it is easier to give than  to collect money from borrowers. We are so shy to wear our collectors’ hat. I have many friends who get stressed out when it became time to collect. They lent so much money to common friends but rarely got it back, or on time.


2. Think, don’t just feel– When your friend is in an emergency and he/she asks for financial help, claiming to need this and that, sometimes you act without thinking and you immediately lend a hand. Your money is like ammunition when it comes to war. What if an enemy attacks you and you are left with no ammunition because you’ve lent it away? What are you going to do? Stop and think first, your savings account will dry up if you let your emotions rule you. I have a theory on why God put the brain above the heart: He placed it there so that it may rule over our easily deceived hearts.


3. Draft and Sign a binding agreement– The situation is this: They are asking to borrow 50,000 from you so they can fund their business, or they need to pay for an emergency situation. They promise that within 6 months, they will pay you back. You have money in the bank. The problem is how to wisely lend your money with minimal risk. Too many relationships both personal and professional have ended up being ruined because of unpaid debt. So my recommendation is to write down what was agreed upon, have it duly signed by both parties to ensure the presence of a clear agreement. Commitment is not optional since you guys are friends.  He needs to take the agreement seriously, and the payment terms should be clearly defined and followed. By simply writing it on a piece of paper and having it signed, you will have something to present to any arbiter just in case your borrower decides to run or hide from you. You can file a case against them at your nearest small claims court. This is a problem with the culture that we have: this is not a widely held practice at all. I encourage you all to be different in this case. There’s not much difference whether it be a big or small amount since it is not about the money in the first place, but rather about the principle of trust.


4. Assess the situation– You have a friend who is a party-goer, who frequently eats in upscale restaurants, who has so many gadgets and owns a brand new car. His family has a house bigger and better than yours. All of a sudden that friend got into a big mess and is now asking for your financial help. I recommend that you first ask why and how he came to be in such a mess. Let me remind you managing, not wasting, the money you have worked hard for is your primary task. When you find out what happened to that friend, you empathize and then assess your finances first to see if you have enough funds. Dig deep, be upfront, be concerned. Don’t be ashamed to ask why they need borrow from you. Asking them will also help you to make good financial decisions in the future. Is this for a worthy cause? If you demonstrate good and sound financial decision-making, it will be an opportunity to inspire others to follow your ways.


5. Learn to say No and be honest!- There are times with you really have to say NO to people asking to borrow from you. Whether it be due to your own lack of financial security, or due to your lack of trust, or due to your desire for them to learn, being honest is the best way to go about saying NO. Do not feel guilty about it. Do not also recommend other people to them for it will cause more problems. Don’t ever use your credit card for cash advances for it will cripple your sound finances with long term dues the fees involved.

An excerpt from got questions.org
The clear teaching of the Bible is that God expects His children to act righteously when lending money. And it helps us to remember that our ability to produce wealth comes from God (Deuteronomy 8:18) and it is God who “sends [both] poverty and wealth; He humbles and He exalts” (1 Samuel 2:7). Now, there is nothing wrong with legitimately loaning money and expecting to be repaid at a fair rate of interest (Proverbs 28:8; Matthew 27; Psalm 37:21). Yet we need to remember that the Bible’s teaching on money matters also includes borrowing money and indebtedness. Although the Bible does not expressly forbid borrowing money, it doesn’t encourage it, either. It is not God’s best for His people, as debt essentially makes one a slave to the lender (Proverbs 22:7). God would rather have us look to Him for our needs than rely on lenders. Additionally, as the psalmist makes clear, we are to repay our debts (Psalm 37:21). When we loan money to someone, we increase that person’s debt load and make it easier for him to stumble.


Thank you to the Chief editor: Gandalf the black



David Isaiah Angway is a Financial Evangelist

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Filed under Forgive, Lend, Money Management, Personal Finance

Important financial strategy



Image from Efficiency Time Table Matrix


Many people are currently lost and trying to figure out what to do with their finances. Some of them prioritize the things that they want but not what they need. While others follow the crowd or the fad. How about you, who do you follow?  
The Stephen Covey matrixis designed for time management system but this is also helpful when it comes to your finances. Once you treat your finances very  well you will surely reap those rewards because right priorities will be emphasize.



Quadrant I is for the immediate and important deadlines. This is the foundation of your financial house.  You start it brick by brick and this is a “must”.
1.      Have a vision, goals and budget  for this week, month and  year  You need to sit down and have some blue print to achieve a solid structure of your financial house. Every house or a building started in a drawing board or in a piece of paper. You got to start right or else you will waste your time.
2.      Start having an Emergency funds – Once you are good with your budget try to allocate a portion of your salary for emergency funds. Make it 10-20% every salary. If you won’t do this and something happened, you will surely be in debt.
3.      Start getting  Insurance- You will die and we don’t know when and  how. Sounds morbid but that’s the truth. You need to have a protection so your relatives or love ones will not suffer financially.
4.      Focus on Long term Investment– Time is your ally when it comes to investment. Procrastinate on this and your future will be dependent with Social security benefits. Imagine, as of this writing SSS can give you a max of 9000 per month. Can you sustain your lifestyle now with a rising cost of goods once you retired? 
5.      Pay your debts or totally get rid of your credit card – If you think credit card is for emergency, think again. Sooner or later you’ll end up a slave of your own behavior if you continue thinking that way. However, you can easily reach your financial goals by removing those consumer debts. Practice discipline and never run away from your responsibilities. 
Quadrant II is for long-term strategizing and development.
1.      Read books and blogs about personal finances– When you invest in books and you follow the principles the rate of return will be huge. It will cost you a lot once you rely on your personal experiences. Get a guidebook about personal finance since it will be more efficient to follow a system that’s proven and tested. 
2.      Plan your budget – Don’t fall in love with the first budget plan that you made. Always make necessary adjustment. Do it every week and evaluate your behavior towards your spending pattern. Your good habits will put you at the top.
3.      Attend financial seminars- When you have time and money never miss the chance to simply listen to the leaders of the personal finance industry. Parallel to that is if you love attending live concerts the experience is really different. Increase your knowledge and you will save yourself from a crisis.
4.      Get a financial coach  – Financial coaches want you to win but if your parents, grandma, neighbors are your financial coaches but they are currently in a financial woes  please  think  carefully about their advices. You need to seriously talk to someone  who is credible and who can walk the talk.
5.      Listen to a free podcast about finances– At this the age, we are so privilege to have so much information on the palm of our hand. While you are traveling you can use those apps in your phone for free to enhance your skills. Instead of wasting your time in a traffic jam you will be empowered when you focus your brain to something that’s going to make you better in a long run.
6.      Virtual shopping  for financial products like insurance,  mutual funds and stocks– You can maximize your money whenever you compare prices since almost all financial products of different companies are uploaded on their site. Do your due diligence and you will win long-term. 
7.      Check the investment options you got according to your  risk profile – Not all investment instruments are for you. It should be suitable to your needs and aligned with your goals. It might be urgent but it is important to see all the options first to make proper decision. When you cannot explain the investment that you would like to enter you may be scammed.
8.      Career planning– There is a study that Millennials (1980-2009)  is the generation of hoppers. Most of us can’t stay in a job for more than 10 years compare to the Baby boomers and Gen X. Remember that there will be a lot of seasons in your career.  Make sure you are totally prepared for the change.
Quadrant III is for time pressured distractions. They are not really impor­tant, but you badly want it now.
1.      Buying the newest gadgets, HD TV using a credit card – Many people fall into this trapof consumerism. Newest iPhone, Samsung or latest gadget is the vices of this generation, but this is just a distraction. Not really important. The kid inside you is being unchained especially when you see the 0% using the credit card installment.  Dave Ramsey said  “if you can’t buy it in cash, you cannot afford it.”
2.      Buying a vehicle for the sake of status quo – You think that wants and needs are the same. Big no! Buying a car that will help you to minimize your cost is good but remember if you bought a car because you think it is cool to have one is a worst idea, it will derail your  finances. Your savings and investment with no additional  cash flow won’t be sustainable to achieve your goals. 
3.      Buying a condominium or a house  without a plan – 30 years of payment terms is good but 15 years or 10 years payment is way better because of the fees, but before you buy you should  ask some questions like is this really important or can you just deprioritize it for another year. Planning should help you determine this. Refer to Q1 and Q2.
4.      Buying an item that will just pile up on your place. Have you ever bought a lot of shoes, books,  and things that you don’t really need but you think you will need it someday? You are a victim too of “I like this” mentality. It reminds us of our inner child. We buy something using our emotions and justify it with logical reasons. 
Quadrant IV is for those activities that yield little  or less value. These are activities that are often used for taking a break from time pressured and important activities.
1.       Watching TV series for too long. – Anything that kills  your time is not a worthy activity. Too much is not good at all.
2.       Addicted to online and phone games. Many are guilty with this and being addicted means someone can control you, not you controlling them.
3.       Sleep more than 12 hours a day. When you sleep it lets your body to recover but if you hibernate like those polar bears then you are wasting your time and that is counter productive. If you want to be successful you need to be a doer not just a dreamer.
4.      Going to Starbucks as the extension of my home– When you spend time in Starbucks or Coffee bean you tend to fall in to the “latte expenses”.  If you will compute everything that you spend just for coffee. You will hate yourself with the realization of you put all those money down the drain. 
5.      Facebook for more than an hour just checking the news feed The social media is  a good tool in marketing. If you are a digital marketer or you’re building your brand that creates revenue for you. Spending time with it for too long waiting for your friends latest posts is disrespecting your time. You cannot regain time which results to money lost.
Live like no one else so you can live like no one else- Dave Ramsey





David Isaiah Angway was a former fraud specialist and a Registered Financial Planner who currently helps young, urban and educated millennial (Gen Y) set and achieve their long-term financial goals by educating them about investments, asset allocation, risk management, retirement planning, and estate planning. His role as a financial planner is to find ways to increase the client’s net worth and help the client accomplish all of his/her financial objectives. 




Diagram Source: Steven Covey, A. Roger Merrill, and Rebecca R. Merrill, First Things First (New York: Simon and Shuster, 1994), 37; James Cooper, “3 Vital Time Management Principles for Small Business Owners & Entrepreneurs,” mimosa PLANET, December 2, 2010, accessed February 4, 2012,
Photos courtesy
Blog intercom.io
Projectmanagementhacks.com
Askmen.com
Cashmoneylife.com


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Filed under Finances, Important, Personal Finance, Stephen Covey, Time Management, Urgent

Why I support Mission trips



Image by Coachella Valley

God had an only Son and He made Him a missionary- David Livingstone
Our nation has a background of colorful history; we were conquered by Spain for more than 300 years. We also submitted ourselves to Americans for 30 years. The Japanese made us their puppet for 3 years. I don’t know about you but I can sense that there’s massive discipleship between us and those countries going through that time. Indeed, they were the best missionary sending team of their days.  But without money, support and prayers from the people who believe their exploration they can’t reach the Pearl of the Orient (Philippines). 
Money can’t be trusted but it is the ultimate servant. Although a powerful resource its power is limited to this temporal world. It cannot get you into heaven or conquer death. Money is temporary. We cannot take it so we must use it for the glory of God while we have it. He gives us riches because of His goodness. What better way to take care of it is to share and use it for His glory. As a manager of God’s given wealth there are many ways to share it and but one of my favorite is supporting someone who plans to go on a mission to spread God’s goodness to the unreached people of the world. The question is why we should give and support?
Image by fpcbonham
1. This is an elite investment – When you invest your money here on Earth there are a lot of risks involve due to economic cycle that we have. There’s no guarantee that your money will grow exponentially but if you invest to mission trips I can call it as an eternal investment. Remember that there’s no recession in heaven. It is not a sin to have things that money can’t buy as long as you don’t lose the things that it can’t buy (eternal life) The support you will extend  to spread God’s word is an investment to someone. This mission trip can do something for someone eternal salvation.
How much do you have to hate somebody to believe that everlasting life is possible, and not tell them about it?- Atheist Penn Jillette
Image by FellowshipPro
2. Opportunity cost is low – Your payment to your Insurance, HMO, brand new vehicles, credit card debt and mortgages is way higher compare to giving financial support all time. Living on Earth is an opportunity to serve through the wealth God faithfully giving you. Mission work is a way of serving others through the money you can share.  The opportunities that we have are like buses. There’s always the next bus that we can jump to ride. We just need to be ready when the bus is in front of us. Supporting someone constantly also shows how God can do things miraculously with our finances.  


Imagine that you are in heaven now in front of the most high,
God is auditing what did you do with your money while you were in Earth?
I hope your answer will be interesting. #WinLongTerm
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3. Sharing develop the muscles of obedience – We need to rediscover what the church in Corinth did, the joy of participating in the international mission of the church. To understand 2 Corinthians 8:1-7, we should realize that the church in Macedonia had taken their love offering for their brethren in Jerusalem. As a member of the church of today you can be part of that missions like the Macedonian of old as you give support on someone’s mission trip today. When you experience God’s love in your life you can’t help not to share it. When you watched an awesome movie you try to spread the word to others thru word of mouth or you post it to your FB page because you think it is totally worth it.   When you share your money for the purpose of missions’ trip you get to experience the same effect whenever you exercise, your body excretes (happy hormones) spiritual endorphins.
“If giving is a sickness let us make it an all time pandemic”- David Isaiah Angway
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4. It makes me happier – Giving our support for a mission trip is a gift. God make our participation possible through His grace. Since grace is a gift, we have a generosity that is from God, we must rediscover the wonderful gift of supporting one’s mission trip. According to the Journal of consumer psychology volume 21 issue 2. April 2011 Dunn, Aknin, Norton, when you spend money to help others achieve their dream you are happier compare to spending it for yourself. 
Participants felt significantly happier when they reflected on a time they had spent money on others, and this effect emerged consistently across these vastly different cultural contexts—even though the specific ways in which participants spent their money varied dramatically between cultures.4 The emotional rewards of prosocial spending are also detectable at the neural level. Participants in an MRI were given the opportunity to donate money to a local food bank. Choosing to give money away—or even being forced to do so—led to activation in brain areas typically associated with receiving rewards (Harbaugh, Mayr, & Burghart, 2007).
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5. It is a privilege – God’s work and message being spread internationally will be a privilege to expand the gospel as you participate through mission support. After I supported friends from different churches who went to Nepal, Macau, Cambodia, Vietnam, Campus missionary work in Alabang and the Fort I can sense that I am also with them while they are fulfilling the great commission. Once they came back from the mission field I can sense a great joy and pride for what we have accomplished thru partnering with them. Nothing beats the moment seeing them grow and serve successfully. 
The great commission is not a suggestion or an option. It is faith, love commitment
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When you support mission trips there’s nothing to lose. Through mission support our sincerity in giving will be tested. Our character as a Christian is tested also by selflessness. Ask not what your country can do for you. But ask what you can do for your country” John F. Kennedy quoted. As a Christian the question we are asking is not what the body of Christ can do for us. But what can we do for the body. It is a sacrificial generous giving for a brethren’s mission trip.
As a faithful steward of God’s wealth, we can transform this wealth into Ministry that brings everlasting glory to Him; it is an opportunity to serve Him this way.
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 Jen is a guest blogger and a follower of Christ. 



David Isaiah Angway is a Financial Evangelist
  

 



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Financial Advice from my Mom




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This blog is a tribute to my mom who taught me a lot of things. I want to highlight the personal finance side. In a society where Mom knows how to take care of finances compare to Dad our mom is the “go to girl”. My mom never even entered college but she really is a smart woman. As a young housewife, she worked in different industries. She’s a jack of all trades and a voracious learner, although she’s not perfect but she gave me a very good introduction about finance.
1.       Learn to give back. I am a witness of my Mom’s generosity. It really speaks volumes even we are poor materially, her actions always remind me that being wealthy is not just acquiring material things. Until now, she keeps on supporting charities, non profit organizations and mission trips. At a very young age she became a full time mom to simply take care of my brother but she never stop giving financially. My mother’s influence towards finance resonates today,  example I was able to support friends who have gone on mission trips outside the country. By God’s grace and the wisdom of my Mom, I am still supporting people who fully committed their life to do the great commission (Matthew 28). This is the best investment my Mom gave to me.
As you increase your salary you also need to increase the level of your giving.
2.       Do the budget. On a technical side my Mother never forgets to budget and to make things work till the next payroll. She did not graduate with a bachelor degree, nor does she have a financial background but she wants to make sure that the balance sheets were all good or else she won’t sleep. She’s the chief financial officer of the house. Today, her legacy is absolutely programmed to her eldest son (me). I find it so fascinating whenever I do my personal budget. It shows my values a lot. I spend 50% of my money on business, leadership, parenting books. Another 25-30 I invest it in mutual funds, for emergency funds and give it back thru tithing. I recommend everyone to do budgeting if you keep on asking why your salary is not enough till the next pay day. I t will take time before you get your momentum on this but will surely help you. 
Making money is a skill but keeping your money means you need to be extra special.
3.       Keep in my mind that we need to work. This is the “not funny side” of the equation. As a young kid back then I really did not understand why my Mom kept pushing me to get a job.. “Hey you need to work to get money or else you won’t eat”. Indeed, she was preparing me to find a decent job and work with excellence. Work is a blessing and it was designed primarily to prevent boredom. This is how you add value to the company you’re in or that’s how you give back to your community. Be at your best and the money will follow. Those are the 1, 2 combo punch of my mom then do it again.
4.       Learn how to save. This is the game changer. Every billionaire knows about this basic principle. If you don’t know this then you won’t be a successful investor unless you master the art of saving. My mom always told me to start save money at a very young age. I am so grateful that I am so thrifty and not cheap. Smart and not insecure about what I got. I am learning to be good at it by following a system. That constant reminder from my mom “Save money whenever you got it” will eternally reflect on my actions. Thank God I have a Mom that keeps pushing me you to make the right call.

My mom is my first financial coach- David Angway
5.       Acknowledge that I am just a manager. Do you know that “Money” is mentioned about 2,000 times in the bible.  Jesus spoke about money more than any other subject. In the New Testament, money is mentioned more times than heaven and hell combined. There’s a passage in the bible about being a servant and a manager. We normally get so attach with the money that we earn because for us that’s our property. The LOVE of money is the root of all evil not the money itself (1 Timothy 6:9-11). You cannot serve money and God (Matthew 6:24). When you are a fund manager you need to learn how to make it grow and diversify it to different asset class (Equity, balance or bond) The good thing about my mom is emphasizing the eternal part because if I choose money over God then you end up eternally poor or simply perish but when you choose God you end up having eternal life knowing that he owns everything.
When you acknowledge that money is a tool to make the world a better place you start using it differently

Your mom is such an amazing person so show them how much you appreciate them not only today but everyday


David Isaiah Angway is a Financial Evangelist
  

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Filed under Financial Advice, Mom, Mother, Mothers day, Personal Finance

Smart People do before Disaster

Prevention is better than cure – Anonymous
Typhoons, Earthquakes, Tsunamis are the world’s deadliest catastrophes. A 7.8 magnitude Earthquake struck the country of Nepal and at least 5000 people were killed and 10,000 people are presumed to be dead. Disasters can’t be controlled but there are things that you can do in the palm of your hands.
1. Properly insure yourself and your family.
Many people insure their houses and cars but never themselves. If you want a cheaper insurance, buy a term but if you want Variable Universal Life then go for it. Always remember to never UNDER insure yourself no matter what happen. You don’t want your kids or family members to starve to death once you are gone unexpectedly.  That is what smart people do. 
2. Make sure you have your emergency fund.
Imagine that all ATM’s are unavailable after the disaster. Remember to keep small amount of cash on hand to pay for food and water, transportation, hotel rooms, or whatever you may need if your home is uninhabitable. 
3. Compile important papers.
Create an Estate documentation planner. It will be easier to pick up the pieces in the days following the disaster if you have safe-guard the important documents. Using the technology always back up your information using cloud storage device or send it to your personal email and put a password to it. 
4. Be in charge with your properties
Before a massive typhoon or flood strikes, Earthquake take steps to protect your property like building an Earthquake safe room, learning how to shut off your utilities, and replacing a roof’s wood shingles with a material that is more fire resistant.


David Isaiah Angway is a Financial Evangelist

 

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Filed under Disaster Proof, Natural Disasters, Personal Finance