Monthly Archives: January 2017

11 reasons why you need to have Variable Universal Link while you are 20’s

When you reach your 20th year in this world, you might be wondering what to do with your first paycheck or how to grow your money while you are earning from your monthly salary and your side gigs. Good news is you have a lot of great options and the best option is you can enjoy the 3 in 1 financial vehicle. This is the VUL also known as Variable Universal Life. If you are not really familiar with this financial tool let me take you to the benefits of having this newest technology in personal finance.

  1. Take advantage of the time – If Piolo Pascual is already a pensioner at the age of 40, you can also retire during that time as long as you start this year. The importance behind it is you need to have a commitment to grow your money while you are still young. Planning is very important as early as now and execution must be in sync with your dream goals.

  1. Combo of an insurance with investments – Many people would like to get into investments but it will be a disaster to put all your money into stocks, real estate or even forex if you never set up your safety net which is emergency funds and insurance. But having a VUL can give you that liberty. The higher your fund value, the greater guaranteed death benefit as well. You can also add an additional rider such as Critical illness benefits or Health insurance benefits.

  1. Professional Management – Are you afraid that you will lose every money that you put into these investments; you should not worry at all. The person who is in charge in driving your fund is a well research, data driven and been a fund manager for many years. If you put money into stocks, you can loss as much as negative 70% in a day, if you can take that, it’s fine but if you have a conservative type of investor get into manage funds.

 

  1. Diversification– In order for your money to gain is quite simple, never put all your eggs in one basket like what the old saying goes. That will enable your funds to grow faster especially there are tons of risk and political noise. When investors hear all those noises the usual reaction is flee from those investments who are at so much risks and you may experience losses that are detrimental to your money that’s why understand the value of spreading your money.

 

  1. Flexibility – You can choose the purpose of your funds whether it’s for your retirement or for your child’s education. This can give you an ideal way to secure your future.

 

  1. Access – You will have the opportunity to see things while your money is growing thru online. It will give you an intangible reassurance that your money is growing over the years.

  1. Administration – Sun Life is the one that takes care of your money, as a very prestigious company who’s been existing more than 120 years we can make your dreams and goals come true thru making sure that there will be good Return in investments and easier claims.

 

  1. Transparent Charges – In every investment you need to pay a certain price and In order for you to get to your destination you need to understand that there’s no freebie in life. You need to use existing money to earn money.

  1. Investment Trade off – There are plenty of funds that you can choose as an option. From your risk profile I can help you choose the best for your situation. Before you invest, understand your goals and risk profile and I’ll show you the strategy.

 

  1. Client is involve – As a client, you are the decision maker, we are just your tour guide. I don’t recommend anything that I haven’t tried yet. Financial advisor must give you insights and the pros and cons of your decision if and when you choose to make some alterations in your investments.

  1. Within your budget – You may say that you don’t have money yet but we can create a plan that’s according to your budget since we would like you to win long-term for your family.

 

David Isaiah Angway is a Registered Financial Planner, Chartered Wealth Advisor and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured multiple times in ABS-CBN News Channel show called On the money, Bloomberg TV Philippines First Up, Morning show of NET 25 called Pambansang Almusal, Eagle Broadcasting Company EagleNewsPh Facebook Live and different radio stations in Metro Manila. He also writes for BusinessMirror, Rappler.com, and MoneySense magazine.

He is the CEO and founder of WinLongTerm Financial Consultancy, that help organizations retain their top key employees such young urban and educated millennial (Gen Y) by teaching practical money management in the workplace. You can contact him thru his website winlongterm.com and his Facebook Page @WinLongTerm for more informative ways how to grow your money and secure your family.

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Filed under Business, Financial Change, Financial Coach

Free eBooks that will help you expand your Financial I.Q.

I am an avid reader of business books since the time I got scammed. Whenever I read a book and apply the principles my net worth usually increases. I just want to share all the books that’s helping me when it comes to having a sound judgement with my investments and strengthen the core foundation of my personal finance.

Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth

Secrets of the Millionaire Mind reveals the missing link between wanting success and achieving it!

Have you ever wondered why some people seem to get rich easily, while others are destined for a life of financial struggle? Is the difference found in their education, intelligence, skills, timing, work habits, contacts, luck, or their choice of jobs, businesses, or investments?

The shocking answer is: None of the above! – Amazon

Life changing book, wish I had read it earlier, but glad I’m reading it now! Confirmation, ahas, and good old common sense! A most read for anyone wanting to change their life for the better! Can’t wait to read it again! -Geegi H

 

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

 

There are a few investment managers, of course, who are very good – though in the short run, it’s difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors – large and small – should instead read Jack Bogle’s The Little Book of Common Sense Investing.” – Warren Buffett, Chairman of Berkshire Hathaway, 2014 Annual Shareholder Letter. – Amazon

Jack Bogle, the inventor of the index fund, revolutionized how Americans invest and drove down the outrageously over-priced mutual funds that were charging so much for underperforming an unmanaged index. We all owe him a debt of gratitude for his pioneering work.I have read just about everything Bogle has written and wished I had ONLY read what Bogle has written. As a long-time trader and investor, I keep coming back to KISS: Keep It Simple, Stupid. 99% of us would earn more and sleep better if we stopped trying to trade the markets and instead bought a diversified basket of low cost index funds or ETFs and NEVER SELL. – Mike Victor

 

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel

 

“By far the best book on investing ever written.” (Warren Buffett)

“If you read just one book on investing during your lifetime, make it this one” (Fortune)

“The wider Mr. Graham’s gospel spreads, the more fairly the market will deal with its public.” (Barron’s)

 

Several rules of thumbs I noted into my keep:
– Investor buys the business [based on its price/value], speculator buys the stock [based on an absurd believe that he can foresee where the stock price will go].
– The best way to earn adequate return without any trouble whatsoever is to invest into cheap (low maintenance cost) indexes; use dollar averaging (buy every month instead of once at a random point of time) for smoothing the luck involved.
– For enterprising investor (willing to spend much more time), look for a diversified list of bargain issues (at least 30 issues, business values (i.e. net current asset and other related metrics) is below market cap)
– During the bubble, hot industries and companies are getting overpriced. That could only be financed from somewhere. Partially that money are coming from well established old economy companies that lose the appeal. Thus, invest in such old economy companies while bubble grows, as soon as the bubble burst – undervalued companies would rise back. –  Alex

 

Awaken the Giant Within : How to Take Immediate Control of Your Mental, Emotional, Physical and Financial Destiny!

 

The acknowledged expert in the psychology of change, Anthony Robbins provides a step-by-step program teaching the fundamental lessons of self-mastery that will enable you to discover your true purpose, take control of your life, and harness the forces that shape your destiny. – Amazon

“Yet another profound and powerful tool in the Robbins arsenal of self-awareness. It has been an enormous source of strength and insight for me both personally and professionally. ” (Peter Guber Chairman and CEO of Mandalay Entertainment)

“Anthony Robbins is the ‘ultimate coach’ for that special breed of men and women who will never settle for less than they can be.” (Pat Riley NBA “Coach of the Decade”)

“Required reading for anyone committed to increasing the quality of their life.” (Dr. Barbara De Angelis author of #1 bestsellers How to Make Love All the Time and Secrets About Men Every Woman Should Know)

“Tony Robbins is one of the great influencers of this generation.” (Stephen R. Covey author The 7 Habits of Highly Effective People)

“Astonishing credibility. . . . every page bursts with well-researched and immediately practical guidelines for concentrating your thoughts and emotions on the attainment of your goals.” (Scott DeGarmo)

 

The Bogleheads’ Guide to Investing

 

“The best one-stop shopping solution to saving, debt management, investing, insurance, and financial planning I have seen between two covers. For the price of a week’s worth of lattes, you can secure your future.”
—WILLIAM J. BERNSTEIN, cofounder, Efficient Frontier Advisors, LLC, author of The Intelligent Asset Allocator, The Four Pillars of Investing, and The Investor’s Manifesto

“I’m often asked to recommend a good, basic book on investing, and The Bogleheads’ Guide to Investing has been my go-to pick since its original publication. It focuses on all the right things: the virtues of maintaining a frugal lifestyle, keeping investment costs down, and building a simple, low-maintenance portfolio. And importantly, it also tells investors what they can safely tune out—namely, day-to-day market action and the latest ‘hot’ investment products. Its advice will stand the test of time.”
—CHRISTINE BENZ, Director of Personal Finance, Morningstar, Inc.

 

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy

A nerve has been hit….[For] people who want to become wealthy. (USA Today)

A primer for amassing wealth through frugality. (The Boston Globe)

An interesting sociological work. (Business Week)

A fascinating examination of the affluent in American society. (The Dispatch (Lexington, NC), (Nc) Dispatch)

These, for the wise, are tips for all of us….A very readable book. (Cox News Service)

Debunks the image of the rich as high-living spendthrifts. (U.S. News and World Report)

 

The Success Principles – 10th Anniversary Edition: How to Get from Where You Are to Where You Want to Be

 

“If you could read only one book this year, you have it in your hands.” (Harvey Mackay, author of the New York Times #1 bestseller Swim with the Sharks without Being Eaten Alive)

“Great book, great read, great gift for anyone committed to becoming a Master of Life!” (Michael E. Gerber, author of The E-Myth books)

“I have personally learned a lot from Jack Canfield and I trust you will too.” (John Gray, Ph.., author of Men Are from Mars, Women Are from Venus)

“. . .an illuminating and easy-to-read book. Jack’s teaching is highly effective. . . .” (Ken Blanchard, author of The One Minute Manager(R) and Customer Mania!(R))

“. . .the best success classic to come along in decades. . . .” (Les Brown, author of Live Your Dreams and Conversations on Success)

“. . .a must-read for everyone who is looking to attain new heights in his or her life.” (Arielle Ford, author of Hot Chocolate for the Mystical Soul)

Unfair Advantage: The Power of Financial Education

 


In Unfair Advantage & The Power of Financial Education Robert underscores his messages and challenges readers to change their context and act in a new way. Readers are advised to stop blindly accepting that they are ‘disadvantaged’ people with limited options. They are encouraged to act beyond their concept of limited options and challenge the preconception that they will struggle financially all of their lives.

Zero to One: Notes on Startups, or How to Build the Future

“Crisply written, rational and practical, Zero to One should be read not just by aspiring entrepreneurs but by anyone seeking a thoughtful alternative to the current pervasive gloom about the prospects for the world.”
The Economist

“An extended polemic against stagnation, convention, and uninspired thinking. What Thiel is after is the revitalization of imagination and invention writ large…”
– The New Republic

“Might be the best business book I’ve read…Barely 200 pages long and well lit by clear prose and pithy aphorisms, Thiel has written a perfectly tweetable treatise and a relentlessly thought-provoking handbook.”
– Derek Thompson, The Atlantic

This book delivers completely new and refreshing ideas on how to create value in the world.”
–  Mark Zuckerberg, CEO of Facebook

“Peter Thiel has built multiple breakthrough companies, and Zero to One shows how.”
–  Elon Musk, CEO of SpaceX and Tesla

 

David Isaiah Angway is a Registered Financial Planner, Chartered Wealth Advisor and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured multiple times in ABS-CBN News Channel show called On the money, Bloomberg TV Philippines First Up, Morning show of NET 25 called Pambansang Almusal, Eagle Broadcasting Company EagleNewsPh Facebook Live and different radio stations in Metro Manila. He also writes for BusinessMirror, Rappler.com, and MoneySense magazine.

He is the CEO and founder of WinLongTerm Financial Consultancy, that help organizations retain their top key employees such young urban and educated millennial (Gen Y) by teaching practical money management in the workplace. You can contact him thru his website winlongterm.com and his Facebook Page @WinLongTerm for more informative ways how to grow your money and secure your family.

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Filed under Abundance, All about money, Behavioral Finance

SHEconomics 101

I had an awesome event last January 08, wherein I spoke to a lot of women about personal finance.

I want to help you too in managing your finances by simply following this simple steps.

  1. Download the excel file by clicking any of the pictures.
  2. Monitor your finances every month to achieve your financial goals.
  3. Evaluate yourself every month.
  4. Ask these 3 questions
  • Things that I should keep on doing
  • Things that I need to stop
  • Things that I need to exert effort.

 

Thank you to all the ladies who went to our SHEconomics101, our goal is to make sure understand your risk profile, where you are right now and identify your goals. See you in our next event.

 

Thank you so much to Ma. Elizabette Estrada (CEO of Vicoor) for making this event possible. You are such a blessing to all the ladies out there. Looking forward to have another event soon.

 

David Isaiah Angway is a Registered Financial Planner, Chartered Wealth Advisor and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured multiple times in ABS-CBN News Channel show called On the money, Bloomberg TV Philippines First Up, Morning show of NET 25 called Pambansang Almusal, Eagle Broadcasting Company EagleNewsPh Facebook Live and different radio stations in Metro Manila. He also writes for BusinessMirror, Rappler.com, and MoneySense magazine.

He is the CEO and founder of WinLongTerm Financial Consultancy, that help organizations retain their top key employees such young urban and educated millennial (Gen Y) by teaching practical money management in the workplace. You can contact him thru his website winlongterm.com and his Facebook Page @WinLongTerm for more informative ways how to grow your money and secure your family.

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Filed under Behavioral, Cash Is King

15 creative ways on how to save more while spending this NEW YEAR

Every first quarter of the year the Filipinos usually turnaround from their wicked ways such as too much shopping for gifts and consuming so much food from the previous season. New Year is the right time to make up for that lack of focus from the last quarter of last year. In order to prevent further cost in everything that you do these steps will help you prevent the big cash outflow while you are spending.

  1. Have a fix budget for the gifts – When you create a spending plan this can give you an advantage to hit your desired goals which is not to be guilty after the whole shopping experience but have an extra buffer for other priorities while being a blessing to a lot of people.

    Construction site crane building a blue 3D text. Part of a series.

  2. Have a why before you buy – Your why is the emotional reason attach to the things you want to achieve that’s why you need to ask yourself so many times whether those items you would like to have is something you can live without. Having a why will prevent you from buyers remorse. 
  3. List down the people who deserve to have those gifts – The people that matters to you and playing a big role into your life is worthy of your time. Show some appreciation to them because the more you give, the more you will receive. 
  4. Have criteria when it comes to lending people – Many will borrow and very few people will pay, to avoid that kind of scenarios filter everyone that will ask money from you or else you will not be able to sleep if you lend money to the wrong people. 
  5. Never ever co sign a loan – Loans of other people should only designed for them so no need to meddle on their problem or you may regret it. Just give them the money you are willing to lose to avoid stress. 
  6. Double check the needs and wants – Let your needs speak louder this time of year and not the wants. 
  7. Don’t bring 2 to 4 credit cards in a mall – Research studies say that it’s easier to pay using card than cash, and the worst thing is you will bury yourself into a big debt when you can’t help yourself swiping it. 
  8. Don’t pay in retail – When your aim is to buy gifts for your big families and relatives, paying in bulk can give you more of an advantage than spending in retail items. Whole sale is the name of the game. 
  9. Learn before you invest – Spending season is not just about buying items but also buying stocks and mutual funds. Studying your first investments will help you grow and discover some strategies in order to prevent losing in the long run. 
  10. Be an explorer – Going to a big bazaar looking for the best items to give to other people will help you find the best deals instead of looking for those items in a single store. Go and check other items. 
  11. Take good care of your car – Your car probably must be new or old but remember if you will take care of it more you will soon reap what you sow, it will prevent you from incurring a lot of costs. 
  12. Talk to your spouse – If you have an accountability partner, it will help you to say ‘No” and it can also increase your productivity too.  
  13. Haggle and negotiate – Learning the negotiation tactics is a skill and you will always have a power to do that. 
  14. Live within your means – If your budget is too tight, just stay within that area. Never let other people dictate your budget or else you may suffer from debt.
  15. Form a relationship– Filipinos are very hospitable and once we develop that kind of close relationship to the vendor, you may be their “suki” and earn a lot of discount, not only you built that connection with them, you also stretch your budget for other important things. David Isaiah Angway is a Registered Financial Planner, Chartered Wealth Advisor and financial consultant for IT-BPO-Banking, Health Care Industry and Manpower Agencies. He is the CEO and founder of WinLongTerm Financial Consultancy, that helps organizations retain their top key employees such young urban and educated millennial (Gen Y) by teaching practical money management in the workplace. For more information and concerns subscribe to winlongterm.com, Facebook page or contact him at david@winlongterm.com, mobile number 0932-445-0145

     

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Filed under Behavioral Finance