Author Archives: David Angway

Men who built America – 6 characteristics of the King of Oil Industry, J.D. Rockefeller

Image by History Channel

Image by History Channel

The late 1800’s were famous for capitalism where one man can accumulate a large sum of money worth multiple hundred million dollars, and equivalent to a billion dollars today. Before we have the modern innovators of today like Mark Zuckerburg of FaceBook, Bill Gates of Microsoft and Richard Branson of Virgin Corporation, American society back then were struggling after the civil war, they don’t have any source of light in the evening no electricity yet during that time. When the Sun is down, night is the king. A man saw an opportunity to redefine the existing industry. Here are the characteristics of a man who will help you move radically, achieve your greatest potential and push you to the limits. These will focus on social behavior of big people that will help you to become bigger someday.
 
Incredible work ethic – J.D. Rockefeller came from a very poor family in Ohio; his dad was known con man and also known as a Devil Bill. His dad never supported them and on a mission trying to cheat a lot of people every day to get access to their money.  However, historian says that J.D. Rockefeller needed to quit school and supported his siblings and mom. Stuck in a dead end job, he saw that oil will be the next industry and quit to take chance. He worked his way up from a rank and file employee to a businessman who can compete and eat other existing business thru his excellent thinking and aggressive approach towards making the opportunity happens.
 
He wants to outwit the competition – I don’t know with you but other people got this feeling of pleasure whenever they outsmart, outwit, and outlast the competition.  He loved winning more than ever.  He killed the competition. Achieving greatness means letting go of your existing belief system and grab that opportunity to create more value to the market. Rockefeller got the 90% share of US Oil market and that had never happened before. His company was considered to be the first monopoly.
 
Collaborate with people who are smarter than him – Steve Jobs once said that you should hire smart people to work for you; I think he got that from Rockefeller. There are many refineries during his time and it’s really risky for him to invest more but what separates him from the rest was his love for efficiency. Massive oil flakes was being wasted so he teamed up with a scientist that can make the kerosene a lot safer. He is already ahead of the game while other are doing the same thing all over again and again.
 
 
Create his way – Successful people don’t wait for the opportunity to come. Their dreams are not going to be handed to them in a silver platter saying that’s your dream manifested. When his rival millionaire, Thom Scott and Vanderbilt discontinue the service that Rockefellers company is providing to the train, he treated it as a sign of war, Now if he’s not going to think differently he will be bankrupt, that’s when laying of pipelines was the only thing he can do, it will put the railroad business out from his oil industry and can get a massive control. After couple of years he was able to do it.
 
 
Future Oriented – His tragic life as a kid, a broken family, and the success before never hindered him to play the game of business. He didn’t define his future with his past but he let that to be his motivation to get to the top.  He let those refined him like oil being transformed to create more value to a simple household.
 
 
Philanthropy – He became a millionaire and owned almost all the gas stations in America but he remembered that life is not all about accumulating money. He figured too that materialism is the root of all anxiety but giving will ease everything, he and his rival millionaire Andrew Carnegie started to give all their massive wealth to the world till the end of their lives. 
Your finances will be in a bad situationif you don't stop chilling with the wrong people (17)
 D  David Isaiah Angway is a RFP and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured in ANC On the money, Bloomberg TV Philippines. He is also columnist at BusinessMirror, Rappler, and MoneySense magazine. He is a licensed nurse and a former Senior Fraud Specialist of the largest bank in the world, JP Morgan Chase & Co.

      He is the CEO and founder of WinLongTerm Financial Consultancy, helping young urban and educated millennial (Gen Y). It sets and achieves their long-term financial goals by empowering them through behavioral finance.

 For more information and concerns subscribe to winlongterm.com Facebook page or contact me at david@winlongterm.com, here’s also my mobile number 0925-787-7796

 

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Filed under Abundance, Entrepreneurship, Mindset, Rich For Life

Men who built America part 1- Cornelius Vanderbilt

The entrepreneurialrock stars during the industrial revolution created a massive growth in the United States. When you go back in time almost 150 years ago, you will meet these visionaries who defied a lot of things to make sure their dreams come true. Studying the characteristics of these individuals will help you to move radically and achieve your great potential and think new ways. Let’s start with the man also known as  Commodore (the senior captain of a shipping line).
 
 
He was tough and decisive – At a very young age, he loaned 100 dollars to buy a ship. He thought that using his grit will help him reach financial freedom.  After a couple of years, he achieved the unthinkable; he made himself a millionaire and the leading manufacturer of the biggest ships in entire America. Vanderbilt also sees the future when he entered the railroad industry. All profit from his fleet ship manufacturing was invested to the newly formed industry. Like Vanderbilt, you can use business loans to finance your dream but remember that you need to be so obsessed with your idea and have incredible work ethic to win the game against the competition.
 
 
 
 
Hunger to win – His competitors thought that Vanderbilt can no longer compete since he’s an old man. During that time he’s already at his 70’s and the average life expectancy that time was only 55 years of age; you are either killed in war or deadly disease at late 1800’s. New businessmen came in the railroad industry, so they tried to exclude him from having deals. Later did they know, Vanderbilt saw another opportunity to declare war against his business rivals. Historians revealed that he owned the only bridge that can only pass the East coast, knowing that he decided to close it. All the competition can’t go to the other side of the country, soon they lost their profits. Wall Street heard the news and a massive fear spread to all the investors, stocks of those rival companies went down, he bought a lot of shares and Vanderbilt was able to control the majority of the railroad line. It was considered as a hostile takeover during that time but he outsmarts his competition. Failure is not an option.
 
 
 
 
Big thinkers train their successors – When he lost his favorite son from the civil war, he needed to train someone else. The old man was able to develop his younger son William in managing the business deals. Though William was less accomplished compare to his brother, Vanderbilt needed to train him like a Vanderbilt.  He understood the part that he needed to pass his entire estate to the next generation when he’s finally gone. He never let the past of losing his talented son hinder him since it will only drag misery to his business and finances.
 
 
 
 
 
 
BIG people maximize opportunities – Vanderbilt saw that the railroad industry was overbuilt during that time. Great entrepreneurs look for new opportunities to increase profits and he wanted to be back at the top. The right time came when a young oil man from Ohio named J.D. Rockefeller was introduced to the king of railroad. They made an alliance and were able to seal a deal that he can ship 60 barrels of oil everyday across America.  With the newly formed products, he was back at the top against his rival companies.
 
 
 
 
Visionaries are always ahead of the game – The king of railroad knows that he needed to differentiate himself from the rest and be better at everything. He innovates a lot and was able to control majority of the railroad line. He always keeps on giving value to a lot of people. Like what they said, innovate or your business will evaporate.
 
 
 
Entrepreneurs are ordinary people with extra ordinary dream. They think and act differently and use a lot of leverage to get ahead of the game. Profit will follow once they create value to the market. Without the creation of value you should not expect profits at all.
 
Your finances will be in a bad situationif you don't stop chilling with the wrong people (17)

David Isaiah Angway is a RFP and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured in ANC On the money, Bloomberg TV Philippines. He is also columnist at BusinessMirror, Rappler, and MoneySense magazine. He is a licensed nurse and a former Senior Fraud Specialist of the largest bank in the world, JP Morgan Chase & Co.

 

He is the CEO and founder of WinLongTerm Financial Consultancy, helping young urban and educated millennial (Gen Y). It sets and achieves their long-term financial goals by empowering them through behavioral finance.

 

For more information and concerns subscribe to winlongterm.com Facebook page or contact me at david@winlongterm.com, here’s also my mobile number 0925-787-7796

 

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Filed under Entrepreneurship, Personal Finance

15 Questions you need to ask yourself about your personal goals


Life is all about possibilities that’s why asking questions are relevant as we grow and nurture ourselves. 
When it comes to handling your finances you need to ask great questions so you can have liberty to dream 
again. The impact of questions will surely be changing and challenging your existing perspective now.

Goals should be outcome oriented; Stephen Covey said “let us begin with the end in mind”. When it comes
to your growing knowledge in finances you need to understand and focus on what is really relevant.
Here are the questions you need to ask yourself.


      Focusing on the End Goal:
1.      What is it that you really, really, really want? Dig deeper…
2.      What is the SPECIFIC goal or outcome you’re looking for?
3.    What is the REGRET for you of NOT achieving your goal?



Aligning with your Core Values:
4.    Is this goal in line with your life vision, mission, overall life-plan?  (Don’t know – what does your gut tell you?)
5.    Is this goal in line with your values? (if you are not sure about it, Ask yourself what’s REALLY important to you in life – will this or that goal help you achieve more of it?)
6.    Are these goals something YOU truly want, or are they something you think you SHOULD have or SHOULD be doing?  (Tip: If it is a SHOULD, it may be someone else’s dream…)
7.    When you think about your goal does it give you a sense of deep contentment or ‘rightness’, happiness and/or excitement? (If so, these are good signs that it’s a healthy goal.)
8.    If you could have the goal RIGHT NOW – would you take it? (If not, why not? What are the problems out there?)
9.    How does this goal fit into your life/lifestyle?  (Time/effort/commitments/who else might be impacted?)

Identifying Obstacles:
10. Can YOU start & maintain this goal/outcome?  (ie. Do you have grit to complete control over achieving the project?)
11. How will making this change affect other aspects of your life?  (ie. What else might you need to deal with?)
12. What’s good about your CURRENT SITUATION? (ie. What’s the benefit of staying right where you are?) Then ask, how can I keep those good aspects while STILL making this change?
13. WHAT might you have to give up/stop doing to achieve this goal?  (Essentially, what’s the price of making this change – and are you willing to pay it?)
14. If there was something important around achieving this goal (to help you succeed, or that could get in the way) that you haven’t mentioned yet, what would it be?

15. WHO will you have to BE to achieve this goal? (ie. Friends or families that will be with you ups and down)

David Isaiah Angway 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. 

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Filed under Behavioral Finance, Financial Coaching

23 personal finance killers to change this 2016

Taliban

 
A lot of people are constantly having issues with their finances last year, but thank God, it’s a brand new year again. A fresh new start for everyone, I strongly believe that your personal finance is going to change today but there are things that you need to let go in order for you to go to a higher ground.  As you look back from the past these are the following habits that you need to be mad or uninstall from your system. 
  1. Believing that change won’t happen
  2. Spending too much money without thinking the cost-benefit
  3. Overusing credit card
  4. Too lazy to create or track a budget
  5. Borrowing so many times by obtaining a cash advance from your credit card to pay for living expenses and/or other debts
  6. Having liabilities in excess of assets
  7. Thinking that retail therapy can make you happy in a long-term perspective
  8. Not saving enough for your future retirement
  9. Reaching the maximum limit on a credit card most of the time
  10. Running away from your credit card and phone line bills
  11. Having a non-existent or low emergency fund
  12. Always want a “FREE” ride
  13. Unable to pay due bills more than twice a year (e.g., credit cards, utilities, rent)
  14. Unable to repay installment debts and asking for a loan to pay all the existing debts
  15. Receiving “overdue notices” from creditors
  16. Being denied from additional credit because of a lack of a sufficient positive credit history
  17. Losing money to scams
  18. Losing money by gambling or buying lottery tickets
  19. Allowing an insurance policy to lapse (e.g., vehicle, renter’s/homeowner’s, medical, life)
  20. Feeling emotionally stressed about money matters
  21. Having a seizure when there’s a big SALE
  22. Investing without doing due diligence
  23. Being a hoarder and not a giver 
Bonus,
Denying that you need help


Knowing-yourself-is-the-first-step-towards-building-a-dream-and-achieving-your-goals.-1000x768


 
Self awareness is the key to change. Knowing about these will give you an advantage but what you do with what you know will set you apart from the rest. Many champions are willing to rise and grind to create the habits that they want while looking at the reward. Yes, I know it’s hard, but if you want to be stretch and win, you need to have grit to take charge.
 
David Isaiah Angway 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. 
 
Image courtesy of gqindia.com

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Filed under Debt Perspective, Killer Habits, Money Suckers

5 costly behaviors from top athletes of yesterday who are broke today

 

NBA players keep signing massive amount of contracts from team owners and endorsement deals year by year. Those who were once worth 90 to 200 million dollars during their good old days spent their money like they have unlimited resources. It was sad that they are currently struggling today and ended up not having those funds kept for a very long time. Worst is their getting those so called menial jobs just to make their ends meet. Here are the following reasons how they lost control of their funds and why those once richest and famous athletes are facing rock bottom today.
They fathered 7-10 children from different women– According to recent studies done by different universities in the United States that athletes who got the chance to play in a big league are more prone to engage with their fans that means more opportunities to hang out with them. They get to meet women from different locations and had various activities including sex. That causes a lot of unexpected pregnancies as they go along with that habit throughout their career. As they continuously play in different teams it is their responsibilities to pay child support or else they will face legal charges that are going to be more costly.

The danger of materialistic lifestyle– An NBA player who once had a flourishing career usually had fat paychecks and extravagant lifestyle for example; buying 2,000 pairs of shoes, a luxurious seven-bedroom mansion, yachts and jet for partying alone. They tend to overestimate their earnings with their expenses which are very normal at the peak of their career. “The problem with that lifestyle is they forget the tax they must pay in a long run, leaving them with a very small chunk of what they truly earned” an ex- NBA player said. As they increases their lifestyle the more it is hard for them to keep up with it. When they sign another contract that’s lower than they usually get, this is where the problem of falling starts, thus financial bankruptcies are epidemic in the league.


Gambling addictions  Rehab International Organization says more than $5 billion has been lost each year, also the social effects of addictions in the family are tremendously devastating since family members also suffers from physical and psychological abuse.  An NBA player, who earned over $200 million dollars throughout his career due to his gambling and drinking issues, loses his wife through a messy divorce, can’t pay his duty like child support, failed to have lifetime collaboration with Reebok.  Therefore, addictions can corrupt your good values in life; ruin your family, career and reputation.


Created a business but financial meltdown was really bad – Athletes are trained to do what they need to do on the court but not easily in the league of business. It is too risky for them to manage it without extensive training. Shifting from once famous career can lead serious mistakes and financial injuries will definitely occur. A lot of them attempted to create their own identity after those glorious years, helped a lot of people by simply creating business hoped that it will thrive but low economic growth took all those investments away and left them crippled from many creditors. Without solid financial plan they won’t able to sustain the business.  


He is supporting a lot of people  Sports Illustrated done an incredible study that family problems, risky investments, misplaced trust, and providing for an athlete’s friends as the main reasons why players go broke after retirement.  Free loading friends as many as 70 left an NBA player who was a top pick in the 1996 NBA Draft, worth 108 million dollars, proved that he was not immune to this kind of misery, he was not able to sustain his earnings after he retire from the big league. He lost everything within 2 years. There’s a lot of athlete who had major financial commitments to a number of extended family members, they spoil their entourage and serves like an ATM for various groups of people. It also shows that they are not well equipped to handle their finances compare to handling balls and technical fouls on the court.


Bleacher Report and Mint.com says 60 percent of NBA players file for bankruptcy five years after retirement.  The combination of bad investments, poor economic conditions, lavish spending, bad attorneys, poor mindsets and lack of discipline shows that they are not excluded in financial woes like anybody else.


David Isaiah Angway 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. 

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Filed under Athlete, Behavioral Finance, Millionaire

My Top 12 personal finance blogs of 2015

Here are my top 12 blogs that captivated my readers this 2015. Thank you for spending time and never hesitate to comment, share and subscribe to this site. I’m looking forward to educate, collaborate and share to you my knowledge.
 
It is essential for everyone to plan for their paycheck while they are still young. Building effective habits will help fresh graduates to enjoy, maximize and prevent regrets in a long run while you are managing your finances every payday. You will also learn important tips how to counteract peer pressure when handling your moolah.
 
 
 
Rightstrategy will help you win long-term but if you are not really good in prioritization, this will surely derail you to achieve your dreams. This helps you to achieve correct thinking and categorize what is urgent and important.
 
 
If you think financial products will solve your problem, you are definitely wrong. You want to be well informed so you can decide what’s best for you and that is the role of coaches and advisors but you will see two important characteristics of this 2 position that can help you gain confidence in a long run in your personal finance.
 
 
Financial issues while you’re 20’s
Millennials are growing in numbers but the behavior is totally predictable, on this blog you will see the most common problem of the generation today and how you can counteract on it.
 
 
This yearly event can give you a lot of scoops about economy, sales, strength finders and upcoming trends in the financial industry. I learned a lot from Jonathan at this event and I would like to help ordinary Filipino understand the basics about the economy.
 
 
 
This is an honest, authentic letter in Filipino language (Tagalog) on how a lender trusted his friend to return the money back ASAP but still hasn’t got his money. You’re  probably stress with the money that you haven’t collected yet from those people who borrowed from you  but rarely you have guts to tell these things because you are afraid that this will hurt your image as individual, you don’t need to worry, writing what you got in mind is highly recommended to lessen your stress.  
 
 
I am proud to say that I am a Christian and longing to see a better world someday. I also believe that the God who created everything wants to see that one too. But I can’t do it by myself. Mission trips are definitely a way to share the gospel and exercise giving for a bigger cause.
 
 
You will never win if you don’t understand how the game of money works.
 
Kids are growing up without proper guidance in money management. We can’t blame them because most of the parents are clueless about it too. How do you bridge the gap in this society today? In fact, the skills and basic concepts can be learned so easily if you will focus on these concepts.
 
 
Are you tired of going on the same direction with your finances or you keep on failing yourself how to reach your financial goals, read this and you’ll be well guided.
 
 
It’s really sad that many people are getting scam without identifying these clues. Many are gullible and easy to be persuaded since human are highly predictable. Check on this blog and you will be ahead of the game of money not by chance.
 
 
5 years ago and you still haven’t got savings account. 2 years ago you promised yourself that you won’t be on the same direction but till now, you haven’t move for such a long time. Time to learn and how self awareness can help you to move from your comfort zone to a better place.
 
 
Your finances will be in a bad situationif you don't stop chilling with the wrong people (17)
 

David Isaiah Angway is a RFP and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured in ANC On the money, Bloomberg TV Philippines. He is also columnist at BusinessMirror, Rappler, and MoneySense magazine. He is a licensed nurse and a former Senior Fraud Specialist of the largest bank in the world, JP Morgan Chase & Co.

 

He is the CEO and founder of WinLongTerm Financial Consultancy, helping young urban and educated millennial (Gen Y). It sets and achieves their long-term financial goals by empowering them through behavioral finance.

 

For more information and concerns subscribe to winlongterm.com Facebook page or contact me at david@winlongterm.com, here’s also my mobile number 0925-787-7796

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Filed under Behavioral Finance, Finance Advocate, Financial Advice, Personal Finance, Scam

7 reasons why you need community in transforming your finances this year

Registered Financial Planners
Photo Credits to Henry Ong
Are you having issues in managing your finances such as saving, investing and even getting out from poor spending habits? How about having a hard time making your last year’s resolutions become a reality, such as I will save more and spend less?  There are a lot of people who get scammedso easily because they kept on doing it themselves. I remember an African proverb that says “if you want to go fast, do it alone but if you want to go far, go with others.” We, as human beings tend to seek out friends who match our core values. If you want to transform your finances this coming year never forget the following reasons you need to be a part of the right community.
 
 
 
They expand your vision– Research shows that this group of people will help you to see things differently. When you are starting to manage your finances you would like to set your mind to success because that is primarily end goal. You should win without any shadow of doubt but if you will be with a person who doesn’t see success happening in their lives absolutely you will fail. If you want to see great results, you need to act differently and be with the people who are ahead of the game, success is different to everyone but to be with the same boat with the achiever’s who can see the future is essential. 
 
 
 
They can help you find your personal finance hero – You already made a decision to change the pace of your saving and investing, you also developed a goal how to tame your spendingand have an idea where you are now however you don’t know how to get there. The right community has plenty to offer such as mentoring and leadership. When you are ready to learn something new then look for someone who can walk the talk. As you develop your relationships with them you will get an effective strategies when it comes to investing that can give you advantage among others. 
 
 
 
They give you a sense of support – You are down and trouble making the right decisions. Are you going to buy or sell your stocks? It seems like the economic downturn is making you crazy than ever. In addition to it, you are giving into the peer pressure and you don’t know how to handle the negative vibes from your materialistic friends. This vital people will prevent you from going down but instill hope to do what is right and necessary. I remember that they helped me to prioritize my emergency funds and prevented burying myself in debt. A constant encouragement and consistent modeling help me grew my knowledge, skills and discipline that resulted to a bigger wealth.
 
 
They are your accountability partner – You keep on cheating yourself for many years now and you are wasting so much time.  Study shows that when you are tied up with big spenders, your expenses will go overboard but when you have an accountability partner it will give you a sense of responsibility and confidence. Your behavior changes because they remindyou why you need to do the things that you do. Start looking for a friend who can stab you in front and gave you brutally honest feedback.
 
 
They promote safe haven – Whenever you are in the right place, you get to feel a sense of security and authenticity. They pushed you to be excellent that can help you attaining your financial goals, dreams and aspirations. They educate and give you insights on how to manage your funds effectively without cutting corners; the right one protects you like a family while wrong group will just push you to their own misery. In a longer perspective wrong community will ask you to spend so much without a blink of an eye and when you are broke they will leave you behind. 
 
They will grow your understanding about yourself – Being consciously aware about your behavior and identity gives you an edge. Every person is a restless wanderer until such time they find their purpose. You get a chance to simply educate those people who are also hungryfor personal finance strategies. It is also an avenue to share what you have learned to the people who are also part of the family. Personal finance is about values in life and by knowing who you are that means you are having a higher consciousness to do what is right with your finances without being insecure.
 
 
It will make the journey way better – Investing and saving is like a marathon because you should do it for a lifetime. The harder the battle, the sweeter the victory when you have a community backing you up. Have you seen Manny Pacquiao’s boxing career, without the people walking with him, his coach and team, he won’t survive the training all along. With the combination of your determination, right support group and your skills, sooner or later your net worth will grow exponentially. 
Whether in business or in personal finance the cost of being not connected with the right people will give you more headaches and heartaches, while the benefits of staying in a group will give you a leverage to look at long-term instead of snapshot of life. In addition to it, you can get an access to hi-tech information and hi-touch experiences that they already have. Now, where do you belong?
 
David Isaiah Angway 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.
Photo Credits

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Filed under Behavioral Finance, Budget, Community, Resolutions

ANC Interview: “What to do with your first paycheck” by David Angway Registered Financial Planner

Key takeaways from on the money interview


Developing and nurturing your goals are essential but focusing on your behavior is way better to keep goals alive. You should have a S.M.A.R.T.E.R. goals. I added E. and R. to have a lasting impact which stands for Evaluation and Re-evaluate the goals, values, and behavior you have today.

Millennial generation should think differently and act way better than the previous one. I would recommend us to learn from the mistakes of the people who are ahead of us.

Chunk it down.

The IT-BPO industry is booming so they need massive number of workforce from different sectors. Your salary will give you a tool to increase your assets that will help you reach your financial goals. Set up a system and you are good to go.

Part time and free lance work are very interesting nowadays. Millennial is rising and work from home is trending.

Full time work still the grandfather of the employment system in the country today. In fact according to statistics majority of Filipinos are trained to work for an employer compare to being an entrepreneur.

I think if we want to remove the traffic in Metro Manila let us encourage everyone to work from home.  

Technology is making our world flat, that means the landscape of business and creating value can spread using the world of technology.

With the overflowing supply of nurses in the country today most of them are either in abroad or in a different industry.

Right questions will always lead you to right answers.
These 3 are not enough; you need another one which is a community that will support you with your investment strategies and thought patterns.



Here are On the money questions during the episode.


David Isaiah Angwaycurrently 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.
Disclaimer: All pictures belongs to ANC On the Money. All rights reserved Nov 2015


Sources:
Rappler.com
Freelancer.ph
Jobstreet.com.ph
Inquirer.net
Behavioral Investing
Asset allocation
Yugatech.com
ManilaBulletin.com

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Filed under ANC On the money, Finance Advocate, Finance Talk, Financial Coach, Personal Finance

ANC On the Money Interview: “What to do with your first paycheck” by David Angway Registered Financial Planner


I’ve been privileged  to be part of ANC On the money last November 5, 2015. This episode is dedicated to the workforce about the current salary bracket of different industry in the Philippines  and educate young individuals what to do with their finances while working. I also shared effective ways how to save, invest and dealing with financial issues such as peer pressure and lack of purpose towards money.

David Isaiah Angway 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.

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Filed under ANC On the money, Behavioral Finance, Guesting, Payday Madness, Registered Financial Planner

Financial Advisors Congress 2015 Part 2: Jonathan Ravelas and the economy of the Philippines

Jonathan Ravelas is the First Vice president and Chief Market Strategist of BDO Unibank of the Philippines
He educated everyone about the economy of the Philippines today and related it to the upcoming election next year. He also cited the relevance of it in terms of our economic growth. All statements came from the speaker.
I definitely agree to one of the professor when he said  “Whoever becomes the next president, our economy will still continuously grow”. – Bernie Villegas

“Develop markets like the US, Europe and Japan are struggling and having an under growth of 1-2%, while emerging markets like the Philippines is growing with 5-6%”.

“Before China is growing 10-14% but this won’t happen for such a long time and you are currently seeing them decelerating to 5-6%”.

“World growth is growing between 3-3.5% a year and we are expecting this within the next 2 years, but this is the new normal.  Before financial crisis our world growth is 4-5%”.
“Major economies (US, Europe and Japan) should grow 1-2% near the world growth”.
“Philippines have a stellar performance of growth since 2010”.

“There’s so much money right now in the economy today. The average yield for the investors should be higher than inflation rate, minimum return average 5yr inflation plus 1.5 % which represents real interest rates.   It is equal to 5.5%”.

“The Philippine peso performed very well against its peers in South East Asia, their currency depreciated 20% while Philippines lost 5% only”

“GDP is the speedometer of the country today and we are growing at least 5-6%”.

“Our growing population is only 2%. Thanks to the evolution of mobile phone because we don’t hold our partners anymore. 150x is the average times you hold your phone compare to your partner that’s only 10x average”.

“Inflation has gone down to 0.4% last September”.

“Election means there will be so much spending and that will increase inflation”.

“We noticed that weaker peso will lead you to Super Malls. Bigger peso will boost the economy”.

“Rising interest rates is just around the corner”.

“The Philippines is the sunniest economy in Asia since 2010”.

“BPO is creating a lot of activities in the economy”.

“The proliferation of call centers will create communities and will move the growth in Visayas and Mindanao. The real estate, malls and infrastructures are moving in the Visayas and Mindanao region. Luzon is contributing 60% growth”.

“There’s a lot of growing population and middle class that will create consumer spending”.

“Kapag malakas ang piso our malls have 1,510 people na naglalakad in SM. Pag mahina piso marami asa SM 1572 people”.

“The govt invested into the K12 program, the first graduate of K12 soon will be the ideal workforce. Over the next 2-3 years sila na ang magbibigay ng demand and will get job asap”.

“There are 8-10millions OFW’s that sends 23 billion a year, while 1.3 million full time employees the IT-BPO also known as call center industry delivers 16-17 billion in the economy”.

“The Social cost of the family lessens the risk of crime, staying here in the Philippines will create jobs and boost the economy because all your spending is here”.

“Food retail and constructions should be really good investments”.

“Majority of the stock market peaks after 36 months of the president”.

“The pillars of our growth are because of these: Growing population, growing middle class, Strong IT-BPO industry and OFW remittances”.

“The best time to enter the market is now. Correction is the best time”.

“As long as there is a smooth transition of power it doesn’t matter. Appreciate the fundamentals food retail and construction invest more and pray harder”.

“We were the Bahamas when General Luna was still alive. We are moving towards becoming a leader in the industry. Filipinos are long term investors, Philippines are like a bamboo coz it sways and flexible every time”.

“Think about the President that you will vote. He/she should be doing 3 things like a CEO. He needs to think about the overall health of the company and shareholders, the growth of the company and sustainability”.

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