Author Archives: David Angway

About David Angway

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. A columnist at Business Mirror and Money Sense magazine. He is a licensed nurse and a former Senior Fraud Specialist of the largest bank in the world, JP Morgan Chase & Co.
At present, he is working in a project called WinLongTerm, helping young urban and educated millennial (Gen Y). It sets and achieves their long-term financial goals by empowering them through behavioral finance. David is fascinated in Behavioral Science and a Sport fanatic which is why he focused more on investments and wellness programs.

How to access your Sun Life Online account (Mobile App)

Do you still wonder how much money did you already put into your Sun Life account? Here’s the step by step guide on how to access it online.

Type Sunlife.com.ph to your browser and look for the Sun Link online at the lower portion of your screen.

 

You will automatically routed the sunlife.com.ph mobile. Scroll down.

If you don’t have any existing account yet. Click “create a my sun life account”

 

Register your details then click register now.

 

If you were able to register back then but forget your password. Put your email add and date of birth. Then check your email address for the link.

 

 

 

Since you were able to reset your password. Look for the email alert from Sun Life. Click the link and put your new password again.

 

Search for the sun life ph in your playstore or appstore to get an access to your account thru your mobile phone

 

Once you were able to download the app, you can immediately get access to your account.

 

You can also double check the nearest Sun Life Offices at your location.

You need to set up your own password for safety and security.

 

Loading details.

 

You can see a couple of things especially the amount that you put already in the account.

 

You can also see the current fund value that we have.

 

You can also file a claim and update your contact information.

If there are any new notifications, you will be able to see it too.

There are certain things that you can explore in this app.

FAQ’s

 

How can you make the payment is also available here.

 

Net asset value per share

 

Different affiliated bank accounts with Sun Life where you can send your funds.

 

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. He also writes for BusinessMirror, Rappler.com, 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, that helps organizations retain their top key employees such young urban and educated millennial (Gen Y). It sets and achieves their long-term financial goals by empowering them through behavioral finance.

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23 Reasons I joined Sun Life financial and WHY you need to be part of it

Are you tired of your current job and lost the passion that once was there? Waking up early in the morning is a lazy idea in doing the same old routine? Getting fed up of politics inside your office? Is your situation every payday frustrating because you have more expenses than salary? These are some of the things that you might be experiencing at the moment that you want to get away with. If you want to have a breakthrough and a change of doing the same old thing again, here are some of the essential things that made me swerve my gears into something more productive and beneficial. It was the reason why I chose Sun Life Financial, hope you could benefit from it as well the way I did!

 

 

 

  1. The organization is all about fun!-For the last couple of months of staying with Sun Life I saw how they run the business. They make sure everyone in the team enjoy what they are doing. You could sense that despite of having friendly competition with each advisor the spirit of camaraderie and good rapport is still present inside the workplace. They see to it that everyone will take part in inspiring, motivating and bringing out the best of each one’s potential .Making it a point that inside and outside the workplace a happy and positive vibe is always present.

CCTO http://thebullrunner.com/2017/02/tbr-sun-life-dream-marathon-2017-thank-you-to-everyone/#.WVSbdI6GM2w

  1. The core values reflects mine – Having integrity in doing your business is the gold standard, nothing beats the fact that you are saving people’s lives and value the mission.

 

 

  1. The CEO belongs to the top 10 most influential women– I want to be part of the winning team. The captain or the leader of the organization understands her role by setting new heights and direction every year. Thus, I want to make sure that I grow constantly as well. Break barriers and give myself a chance to learn more.

 

  1. Diversified people – It represents different kinds of people walking in a different phases of life. As a registered nurse and registered financial planner, imagine the experiences, insights and motivation I can get and exchange with my colleagues. Having teammates from BPO, accountants, IT professionals, doctors, ballerina, pharmaceutical agent, management consultant and HR practitioner, full time housewife and even retirees and so on, it’s like being in a dream team.

  1. We communicate honestly and consistently-Not all financial companies are credible and trustworthy. Every one of them claims they are number one and oftentimes promises a lot of things to their clients. They offer the best of things they could deliver on the table but failed to keep it up. In other words, all the advertisements and sugar-coating words they say on their campaigns were all half-baked truths which frustrate not only their clients but also their advisers, stakeholders and most of all their sales organization. Sun Life Financial always walk their talks.

 

6. You are your own boss – I had a long stint with an international firm as a Senior Fraud Specialist and being part of a corporate world is such a privilege. Let us admit it, with the routine and silos happening, it keeps you from growing more. Being your own boss is like being the CEO of your organization. You sign your own paycheck and you only work with someone whom you like and love, which leads to higher productivity and reduce stress. Most importantly, you will earn the best and quality time with your own family.

7. You can earn beyond your current compensation – After getting out from the corporate world and did financial coaching to a couple of major companies I realized it would be better for me to explore new industry. The Insurance industry can give you fortune by helping millions of people. Every time someone ask me if I would like to be a millionaire, my constant reply is either help a millionaire or help millions of people achieve their success, the way how you give value to your clients can bring you a better compensation.

8.You work as a team – I strongly believe that being highly interdependent can help you in reaching your career and financial goals. Sun Life Financial makes your life easier by using leverages such as using other people’s time, talent, organizational structure, marketing and competitive products to help you save more people from the cycle of potential disaster.

 

9. I am saving family, organizations and communities – Our Company’s mission and vision is to bring the Filipino people to their feet and change their family tree. Imagine all the Filipino people invest and save regularly thru Variable universal life products, traditional insurance plan and mutual funds. These are going to be good for the country, companies and for them since everyone is helping each other. Many people are afraid in losing their hard earned money by investing to stock market, but in Sun Life we can help them ride the stock market without their funds wash away in the next couple of minutes.

10. It instill leadership in you – I love being with different types of leaders, I want to learn more from them and that’s a fulfillment for me. Although leadership is not a position but a mindset, our organization value coachable individual who plays like a sponge. The fact that I hang out with them gives me confidence and humility. Leaders in the organization value growth not just the money.

 

Leadership and Synergy Concept Illustration : A number of Swans flying against a Evening Orange sky background lead by a big dark leader swan

11. Employer of the year – Being recognized as the most respected employer in the industry redefines the level of achievement as an organization. It validates the fact that Sun Life is doing what they promised to all the stakeholders (community, branch, employees etc). I want to be with the winning team, organization, and system. Without those 3, it will be a disastrous company.

 

 

 

 

12. 120+ years of serving people – Before, I don’t trust any company; it takes a lot of courage and confidence for me to do that. When I became a part of this organization it felt like I am at home. I do not know anybody who was part of it back then and out of curiosity I researched and know more about the company. As the first insurance company having high net promoter score (brand awareness) in the country my doubts simply went away. The long years of service which speaks credibility and trust is something to be proud of.

13. Ethical approach – Business principles in doing your business are the core on how you measure success. The reason why recession happened is due to unethical practices that many companies tend to overlook. In Sun Life, anti-money laundering is seriously being implemented, every transaction must be well filtered to avoid bankruptcy and maintain the well-being of every stake holders (clients, employees, branches etc.)

14. Free quality Trainings – When I joined Sun Life I undergone a lot of trainings and need to pass a licensure exam to be legit and credible. You need to be certified to prove your competency. Sun Life made it sure that everyone in the organization were well-informed, reliable and competent   in carrying the company’s brand name. At the age of fraudulent activities, we need professional financial advisors who can restore the faith of mankind to the insurance and investment industry.

15. Perks of travel – One great thing working in Sun Life is the perk of travel. Travelling can give you a glimpse and brings insights about the culture of every country you visit. The experiences you will have are something one cannot buy. Corporate world won’t give you this much unless you are already the Very Important Top Officer of the organization. At Sun Life everyone has the privilege to enjoy the perks of free travel (for example if there is a campaign and one meets the criteria of such challenge), thus giving back to everyone who paved and work their way to be the best among the rest.

16. There is no stagnation – In a corporate world one settled for mediocrity and making it as a comfort zone, at Sun Life everyone is encourage beating their old self. Meaning, you need to find ways how to execute efficiently and be more productive .You will have a yearning desire to help more, improve leadership skills and grow your money.

17. Raises the bar of your mindset – Success is very relative and being in Sun Life we have a winning culture and implementable system which challenges you to set the maximum level. You will liken yourself into a rocket ship which sores high to the horizon. Comfort zone is not our thing but increasing our market share is our major goal.

18. Very competitive products – This organization cannot help you unless we do not have any competitive products. Hundreds and thousands of policies were bought last year by our clients and continue paying it because we have variable plans which suited them and their budget. Sun Maxi link prime and Sun Fit and Well have a very great advantage.

19. Worldwide Influence– Sun Life is not only located here in the Philippines but in many parts of the world, to name some from Canada, USA, United Kingdom, China, Bermuda and many more. To those who have no idea, Sun Life had been here since 1895 prior to the Independence Day.

20. Strong financial scorecards – I am proud that for the last 6 years Sun Life is the only organization in the financial industry, which had been on the top, keeping and maintaining their position as number one.

 

21. High valued people have faith in the organization –Philanthropist, respected Politician, award- winning singers and actresses and CEO’s patronize our product. School owners, small and medium business owners, Phil. Stocks exchange companies, accountants, network marketers, OFW’s believe and have faith in the power of our core mission and visions of the future.

Credits to Sun Life Philippines

 

 

 

22.We love part time employee but have a full time mindset –One of my friends who just gave up his career as a Starbucks employee was able to double his earnings and working on the dream of his life when he joined Sun Life Financial team. Sun Life opened the doors for him to many opportunities of increasing his wealth and productivity.”Living a life with no excuses can bring you to the right organization”.

23.Monday meetings are the best –Our Empress Branch in Frabelle, Makati make it a point that we have a weekly meetings wherein financial advisors are welcome to participate, share their ideas and motivate everyone to be at their very best. The leader’s board of Empress branch are posted  where everyone could see is a way for us to cheer up and be motivated because we can feel the relevance of our duty to the community. It also addresses anonymity since we are giving recognition to our team members who worked hard, met the criteria and increases their value as part of the team. Silos (politics) are not welcome here only creative collaboration exists.

 

Do you want to be part of Sun Life Financial or you can’t wait how to be a professional financial advisor? Let us help you grow your career, earnings and leadership skills. Send me a message at davidisaiah.e.angway@sunlife.com.ph

 

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10 vital health insurance guidelines for entrepreneurs

The growing population of small-medium enterprise in the country needs to be covered by Health Insurace.  One of the most common issues and concerns of SME’s today is when they get sick for days, their business usually gets affected. Worst thing that may happen is if they are not covered by any Health maintenance organization or health insurance benefits when you get sick. The possible results are either you may spend a hefty amount of money for your sickness or experience bankruptcy if you don’t have any savings account during the rainy days.

There are plenty of ways on how to identify a really good health insurance that provides quality health care. Aside from the basic health care needs such as hospitalization and preventive healthcare services one must look for these 10 things.

 

  1. Legitimacy of the Company – The insurance commission is the primary organization that is responsible of taking care of the insurance industry. The commission is accountable of revoking the licenses of those companies who are not following the guidelines or misleading the public. It is for public safety and protection. They also share meaningful information regarding the details of each possible company you are dealing with. But remember to do your homework, have a keen check about the details of the company thru different websites, reviews from forums and final reminders. It doesn’t mean that if they got the lowest amount of premium payment means they are already best for you. Look for giant healthcare conglomerates who are partnering with them to check the quality of the service as well.

 

  1. Individual and Family Plan – It is somewhat alarming that there are family members who have no insurance to secure them and yet they are jobless or in the elderly stage of life.  Finding a package like that will not only  help you or your primary beneficiaries but will solve the issue of what will happen to your ageing parents if some emergency conditions occur. It will  also prevents you from taking a lot of burdens on the amount of money you will use .The benefits must have Hospital confinement, Outpatient care, preventive healthcare, emergency care, member’s financial assistance and sometimes dental care.

 

  1. Specified Benefits include – The inclusion of detailed benefits is really important to make sure that you will experience the total value of your money. The possible specific benefits are the following according to industry standards, for examples are regular annual physical examination, Urinalysis, Chest X-ray, Complete blood count, Fecalysis (Stool exam), once or twice a year Oral prophylaxis, and consultation with the primary care physician.

 

  1. Provisions regarding pre existing conditions – Most of the health maintenance organization are having “NO” PEC coverage such as illness or adverse medical condition prior to the sickness and within the twelve months from the time they enrolled to the program. Some HMO’s are requiring every members who have PEC such as disorders of skin, lymph glands, cysts, tumor or cancer, anemia, chest pain and diabetes to pay up to five thousand pesos and above per illness per year, provided that the pathogenesis or onset of such illness started prior to or during the first year of membership

 

  1. Locations of the hospitals – One of the major concerns of a person who would like to have health insurance are the locations of the accredited providers – it would be better if there’s close to 500- 1000 hospitals and clinics all over the country that’s affiliated with your health card in order for you to get an access to quality health care as well..

  1. Clinic Services – This is a must have since this is urgent to most of the Filipinos. These are the following Clinic services most popularly known and being offered in the market today. Dental services such as oral prophylaxis, tooth extractions, gum treatment & adjustment of dentures. X-ray imaging, ultrasound, hematology, clinical microscopy, blood chemistry, serology and histopathology. Issuance of outpatient consultation referrals is the biggest in demand today to avoid big payments in the hospitals.

 

  1. Outpatient Services – There should be clinics strategically located in key cities near you. This is an advantage just in case you experience family emergencies; it will save your energy, stress and money.

 

  1. Customer Service – We believe that customers deserve better treatment and love companies who exceed their expectations however, we cannot deny the fact that we love fast and smooth transactions. The customer service of every healthcare company should be above average and free from discrimination regardless of your plan. If you enroll to an HMO, have minimum requirements from them so you won’t be disappointed at a later time.

 

  1. VIP Plan – Nothing can ruin a perfectly-planned vacation or business trip if you are unprepared during medical emergency. It would be better if your card is enrolled in a VIP plan to secure your stay outside the country or going for a consultation and evaluation with their medical personnel, medical referrals and medical monitoring. Double check the plan especially if the premiums are way higher compare to a regular healthcare card. You can have executive check up and have more options compare to a regular one.
Company Benefit Limit Outpatient Benefit Pre-existing Condition Accidental Death Monthly Premiums
Medicard VIP Plan Suite 700,000 Yes Yes 20,000 5578.58
Medicard VIP Plan Large Private 450,000 Yes Yes 20,000 3811.08
Medicard VIP Plan 250,000 350,000 Yes Yes 20,000 2090
Maxicare Silver 60,000 Yes No 25,000 1199.17
Maxicare Platinum Plus 200,000 Yes No 25,000 3458.83
Maxicare Platinum 150,000 Yes No 25,000 1923.5
Insular Life iCARE C 150,000 Yes Yes No 2028.33
Insular Life iCARE B 120,000 Yes Yes No 1386.67
Insular Life iCARE A 100,000 Yes Yes No 1155
Fortune Care Plan 900 180,000 Yes No No 1123.83
Fortune Care Plan 800 160,000 Yes No No 1089.17
Fortune Care Plan 700 140,000 Yes No No 1054.5
Blue Cross Select Standard Plan – Ward 500,000 Yes No 25,000 504.25
Blue Cross Select Standard Plan – Suite 3,000,000 Yes No 100,000 2076
Blue Cross Select Standard Plan – Semi private 750,000 Yes No 50,000 828.08

Source https://www.bankbazaar.ph/insurance/health-insurance/hmo-philippines.html

 

  1. Perks – There are exclusive perks and discounts whenever you use your card, such as travel, dining, fashion and more. You may also have free services in Spas which includes diamond peel at different clinics, yoga classes, weight management and nutrition program. Try to ask or look for these things while shopping for your health insurance, this may not be one of your priorities but you cannot deny the benefits of a good perks.

 

 

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, 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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6 amazing things I learned financially from SUPERBOWL LI (51)

Today, we witnessed another sports event that reminded us that everything is possible. New England Patriots and Atlanta Falcons had a really excellent duel in this Super Bowl LI. This sports event is such a big thing in the United States but in the country we are just wondering how this kind of sport really works. I’d like to share my observation within the game and how you can use it to change your finances this year.

Never give up – The score was totally not good at all for the New England Patriots, they need to make a stop, so they can score. For the last 2 quarters, everything is working against them. With the score of 3 (NEP) in favor of  28 (AF) and a limited time,  Tom Brady must create a really good play. Knowing that everything is not working, they decided that every possession counts, no turnover. Same thing goes with your finances; you’re running out of gas already, your money is getting thinner. Your emergency funds are no longer good. Never give up and be more creative. Be an entrepreneur and you’ll see money will flow again.

 

 

Make History– We have seen a historic comeback and they won the Vince Lombardi trophy, but remember it was such a bad start for the New England Patriots, but they compete and started embodying their roles. Soon, they were able to make another score until they tied the game. That moment, it already gave them advantage. The teams never waste it and their championship game will be put to the NFL history books. Your finances may look like ugly, but it’s not your destiny to settle for less. You should settle for more.

Beat your old record – Tom Brady was able to make some great comebacks in his career, that’s when he overcame a 24 point lead deficit from the previous Super Bowl.  Right now, he made every fans and sports analyst so proud of what he achieved. It’s overwhelming but your old assets must go up and not go down. Your liabilities must go down. You also need to bank on your Financial I.Q so you can grow your existing assets that you have.

FOXBORO, MA – SEPTEMBER 21: Tom Brady #12 of the New England Patriots and teammates run onto the field before a game against the Oakland Raiders at Gillette Stadium on September 21, 2014 in Foxboro, Massachusetts. (Photo by Jim Rogash/Getty Images)

Be in sync with the team – The greatest quarterback stated that “he’s so proud with what the team achieved”, that’s a powerful reminder that he’s with them for the last 60 minutes of the game and beyond. If you have financial counselors, talk to them, if none, you won’t achieve a lot. You may experience the brink of disaster. Speak to those who are self made and you’ll be inspire to emulate their good traits and avoid possible traps.

Do your Job – Coach Bellichik who won the 5 Vince Lombardi Trophy said to his team to do their job. You know what that signifies, that’s trusting your teammates, the system, your gut feeling. Your job is to change the course of your family tree and help them uplift their situation. It’s not enough that you earned a lot but your ability to pass it on to the next generation.

 

Feb 5, 2017; Houston, TX, USA; Lady Gaga performs during the halftime show during Super Bowl LI at NRG Stadium. Mandatory Credit: Kevin Jairaj-USA TODAY Sport

Set the bar – Have you seen Lady Gaga’s performance at the Super Bowl Halftime show, astounding! In your finances, change is inevitable, but your mentality should be quite different from the last 4-5 years ago. Start changing your habits and be the leader in your family in terms of finances.

 

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’s also part of the most respected agency in the Philippines. Sun Life Philippines. 

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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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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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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13 guiltless ways how to spend your 13th month pay

Every year many employees and workers are expecting to receive their 13th month pay. It is also a very tempting time to increase their spending power at the last quarter of the year. Now, the dilemma is many of the regular employees are clueless on how to properly spend it in such a way that they won’t be guilty after. Here are 13 ways you can maximize your bonuses wherein you won’t be disappointed and guilt-free.

 

  1. Pay all your debts – There are lots of corporate employees who can afford to own a credit card especially in urban places but there’s also a tendency of getting lured not only to have one credit card but owning 4 cards in a row. A huge bait in having a massive debts may occur. So once you receive your bonus, make that amount a means to pay your debts, if not enough still it could lessen your burdens.   
  2. Create a rainy days fund– Murphy’s Law says that whenever you don’t have rainy day funds the rain always keep on coming. In order for you to prepare for those untimely problems a simple rainy days account must be established. It must be three to six months worth of your monthly needs expenses. Without it, you may experience big debts since you don’t have any safety net once you got hit by an unexpected catastrophe. 
  3. Open a savings account – Some of the Filipino employees sad to say, only owns a payroll account and aside from that nothing .Open a savings account but you need to maintain it. The main purpose of it is not for your money to sleep but to have proper allocations to important priorities so that you can save for the things that really matters to you. 
  4. Buy books and attend financial seminars –Either you are earning big or small, you should still increase your financial IQ in order to remove your fear. Those things that you don’t know, you will hate and when you are not open to learn new things, you are pushing all your dreams backward. Building your Financial IQ brick by brick can change your life. 
  5. Get a life insurance– An old joke says, “The only reason why you don’t need life insurance is when no one is going to cry when you die”. Indeed, you need one since you have a family that needs to be protected in case of your unexpected demise, sickness or accident. You are highly valuable; your ability to earn funds is irreplaceable. 
  6. Invest for your future – Whether it is a stock, mutual funds or real estate, it is a must that you need to prepare and strategize. You won’t be a millennial traveler forever if you keep on draining your savings. If you cannot sustain the cost of having that lifestyle ‘till 60 years old start changing your habits. Check your priorities and look at your financial goals according to your resources. 
  7. Buy a business or franchise – Franchises nowadays have a ready made system. You can easily go thru with it but you still need to be on the business to look at the possible projections. I just want to emphasize that there’s always a risk in every business and is not an automatic success. You need to take care of it like your handling your own child. 
  8. Enroll in short courses – Short courses is getting popular nowadays, either it can be online or in a real classroom, you will surely learn something new. The money you invest in this course can give you another edge especially if you will earn a title in your name. It will not only increase your competence but will give you a really good brand.
  9. Have a health insurance – 90% of the millennial that I interviewed would like to retire in between 45 to 55 years old. They didn’t see life working ‘till their sixty and many would love to have a second career as an entrepreneur. If you have that kind of perspective, it would be better to enroll yourself with another health cards  while the premium is still very low, compare to getting it when you finally retire. 
  10. Hire a financial advisor– When you hire a coach, you will not only get his expertise but also his experiences. You must capitalize other people’s talent in order for you to manage the risks and to minimize the mistakes you may encounter. Let someone create a plan for you and encourages you to save a lot of money in a long run. 
  11. Give a gifts to your love ones – This quarter is also known a season of giving and you can exercise being compassionate by finding a charity, a local church or sponsor a non-profit organization to make their projects a reality. 
  12. Invest it to social enterprise– I’m a big follower of social entrepreneurs today. They are customer driven and also uplift a certain community in the country at the same time. A company called “Cropital” whose technology is serving farmers who needs to get funds to have a capital to grow their crops, and after a couple of months, the investors will receive a dividend from the earnings the farmers got.  
  13. Use it for a vacation fund– There’s a study in the United States that as a human being, travelling helps us to grow and opens up our mind to different perspectives. But do not invest all your bonus to a vacation fund since this will also be an excuse fund for you if you haven’t prepare for the rainy days.

 

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

 

This was also published in BusinessMirror

 

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Filed under Behavioral Finance, Finance Tips, Financial Advice, Financial Coach, Financial Coaching

Top 8 facts about Islamic Finance

islamic-sharia-law

There has always been a demand among Muslims for financial products and services that conform to Shariah (Islamic Law). The development of viable alternatives to conventional finance increasingly enables Muslims with the estimated 1.6 billion Muslims worldwide, it’s ripe for growth potential to participate in the financial world without violating their Islamic principles and without bearing the economic penalty that comes from non-participation, especially with the recent growth of oil prices. Here are the following facts about Islamic Finance.

 

Islamic banking can be considered banking with a conscience. Islamic banks each have a Shariah board made up of Shariah scholars as well as financial experts who are responsible for determining what activities are and are not Shariah-compliant. 1

islamic banking sharia islam economy finance money management transaction concept

 

Islamic banking is based on two main financial principles. Firstly, investment is to be made in the private sector through interest-free financing. Secondly, the development of financial instruments is to be done on the basis of profit and loss sharing as well as sharing risks. 2

 

Islamic laws strictly prohibit investments connected with gambling, liquor or tobacco.

Islamic banks must conform to Sharia law and, as a result, to the following six principles:

  • They must not allow predetermined loan repayments to become interest (riba) – the receipt and payment of interest is strictly prohibited.
  • The sharing of profits and losses must be at the heart of the Islamic banking system.
  • All financial transactions must be asset-backed. In other words, making money out of money isn’t acceptable in Islamic finance.

 

Speculative behaviour is forbidden (and so options and futures are prohibited in Islamic finance). 4

 

The word riba in Islamic law means an addition over and above principal. So riba is the addition in the amount of the principal amount of a loan according to the time for which it’s loaned and the amount of the loan. In other words, it’s the equivalent of interest, but financial systems based on Sharia law strive to eliminate the payment and receipt of interest in all forms. 5

A range of modern interpretations apply as to why riba is forbidden, although they’re strictly secondary to the religious underpinnings.

major-banks

 

hawala can be a bill of exchange, cheque, draft or promissory note. Hawala is a mechanism that can be used in order to set up international accounts by book transfer. To a large extent, this approach removes the need to transfer physical cash. Technically, debtors pass on the responsibility of payment of their debt to a third party who owes the former a debt; hence, the responsibility of payment is shifted to a third party. This arrangement is unique because no form of financial instrument is exchanged; the transaction takes place entirely on the honour system (a system based on trust, honour and honesty). Trust and the extensive use of connections such as family relations are the components that make it completely different from other remittance systems.6

 

Islamic banks are strictly forbidden to charge interest. Instead, the concept of profit and loss sharing comes into play. Islamic banks don’t charge interest but instead participate in the yield that results in the use of funds. Depositors also share in the bank’s profits, which are determined in accordance with an agreed ratio. Hence, a partnership exists between the Islamic bank and its depositors and also between the bank and its investment clients. 7

Islamic banks can’t make money with money, because under Sharia law money is only a medium of exchange – a way of defining the value of something – and it has no value in itself. Therefore, money isn’t allowed to generate more money by being put in a bank or lent to someone else.

 

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When a Western bank or finance house invests in a project, the investor (the bank or finance house) is assured of a predetermined rate of interest and the investee bears all risk. The investor receives a predetermined return regardless of whether the project succeeds or fails.

This situation doesn’t apply in Islamic banking, which promotes risk-sharing between an investor and an investee: the unjust distribution of risk that occurs in Western banking is prohibited. In Islamic banking, the investor and the investee share the results of the project in an equitable way. Where a project makes a profit, both parties share in this profit in predetermined proportions. On the flip side, if a project makes a loss, the investor bears the loss by way of no repayments, with the investee bearing the loss by receiving no wage or salary. 8

 

 

banking

As the Islamic finance market begins to experience full-grown, investors and banks are demanding new products and new structures that are complaint with Shariah principles. But while the products must be often syndicated with Shariah scholars, English and American financial lawyers are finding ways of making Islamic products work. This syndication allows the Muslims who recognize Shariah law to use and benefit from the Shariah-compliant financial tools at Western banks or companies.  Although there have been innovative initiations by Islamic financial institutions in several fields, like information technology, industrial projects, and even providing insurance against political risk, the industry still needs more innovative and sophisticated financial instruments taking advantage of western financial experience to streamline and standardize Shariah-compliant products.

 

Source: ArabInsightOrg

 

 

Your finances will be in a bad situationif you don't stop chilling with the wrong people (17)

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. He also writes for BusinessMirror, Rappler.com, 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, that helps organizations retain their top key employees such young urban and educated millennial (Gen Y). It sets and achieves their long-term financial goals by empowering them through behavioral finance.

 

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