Category Archives: Finance Talk

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



  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,, and MoneySense magazine.  He is the CEO and founder of WinLongTerm Financial Consultancy, You can contact him thru his website and his Facebook Page @WinLongTerm for more informative ways how to grow your money and secure your family.


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Top 8 facts about Islamic Finance


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.



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.




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




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,, 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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Filed under Finance Advocate, Finance Talk, Financial Literacy

7 Things You Should Focus On Between You, God and Your Finances

Guest post by Jennifer Yang

As a fresh graduate in 2010, I’ve always had difficulty keeping my finances in good shape. It took me 4 years to finally focus in finding a solution and even ask for help to solve my financial hurdles.

Last 2014, a good friend of mine gave me a book about finances and it’s role with God, entitled Rich For Life, more so this is the year that I surrendered my life to Jesus. That year, was when I finally made a decision to focus on improving my finances and my relationship with God. God certainly heard and answered my prayers. He placed me in a church that helped me grow my faith in Christ and He also lead me to my mentor in personal finance. Little did I know that my mentor would also turn out to be my best friend and husband-to-be. 🙂 ‘What you focus on will grow’ is the exact phrase to my experience.

Two years has passed since then and I’ve overcome financial and spiritual challenges by the grace of God and the people He has placed in my life. But what I want to emphasize to you are not the technicals nor strategies on personal finance. Instead, I want you to focus on what is truly important between you, God and your finances.

You, God and Your Finances

You can learn all the books, articles and even strategies in this world with the best mentors available, but without the proper perspective and focus you’ll lose sight of the most important things. I’ve listed down 7 points you should refocus on and also to see if your perspective in order.



1. Focus on God as the Blesser, instead of the blessing He gives

During the time when I was spending more than what I am earning, I would always pray to God for provision. It was as if I’m looking to God as my genie who will grant my every wish. The blessing came, the provision covered what I needed but I was content. It was a cycle of asking God for provision, misuse of finance and then still feel lack. Have you ever felt the same way? I’ve learned that what I was yearning then was the blessing, the provision which will never satisfy my needs nor make me feel content.

Luke 4:14 ESV
“..but whoever drinks of the water that I will give him will never be thirsty again. The water that I will give him will become in him a spring of water welling up to eternal life.”

Money and well managed finances are necessities in this world, but they will never give is true happiness and contentment no matter how big the amount is. Only Jesus can give you a full life from which you will never feel lack and thirsty. Find Jesus and invite Him into your life and provision will always come even at the most unreasonable and impossible situations.


2. Focus on being God’s steward, instead of having entitlement to your finances
Since God is the blesser and all of the blessings come from Him, therefore God owns everything. God is the creator and everything belongs to Him.

Psalm 24:1 ESV
The earth is the Lord’s and the fullness thereof,[a]
the world and those who dwell therein

Yes, even the hard-earned money you have belongs to God. Then, what are our roles with the provision and wealth He has given us? We are God’s stewards. Once you understand that we do not own anything in this life, the feeling of entitlement will be gone and it is much easier to give and share to others. God knows our needs and once he knows that we are focused on honoring Him and glorifying Jesus, He will entrust us with His treasures and have us managed them. When we focus on God, wealth and multiplication of finances is much easier.

Malachi 3:10 ESV
10 Bring the full tithe into the storehouse, that there may be food in my house. And thereby put me to the test, says the Lord of hosts, if I will not open the windows of heaven for you and pour down for you a blessing until there is no more need.



3. Focus on real wealth rather than richness and money
Have you ever heard of the story of King Solomon? Yes, King Solomon who had wealth beyond anyone has ever accumulated in the history of man, including fame, wisdom and women. And you would think anyone who has immense possession and stature will be content, happy and worry-free. Think again. Read the whole chapter 5 of Ecclesiastes, it is even entitled ‘The Vanity of Wealth and Honor’.

Ecclesiastes 5:10
10 He who loves money will not be satisfied with money, nor he who loves wealth with his income; this also is vanity.

What then is real wealth? Real wealth can never be found here in this world. Earthly treasures and those what men deemed to be of importance to be pursued is worthless. Heavenly treasures are the ones our hearts must yearn for. We should long for Jesus, to honor Him and glorify Him. To be the women and men that is after God’s heart.



4. Focus on your Purpose instead of financial problems
Never was there a season that we will not face difficulties and problems even in our finances. Truth is, nothing will be solved if you focus on your problems. To feel sad, disappointed and frustrated is not a bad thing, but mulling over these negative emotions are not productive nor will it do you any good.

Every winner and successful person has faced trials, but the difference is their focus. They focused on their purpose, the purpose that God has entrusted them to fulfill. Remember these words: When God has a purpose, provision will always come. 🙂 And this is only be possible through Jesus Christ! No matter what others will tell you, not whatever deceit or lies the enemy will whisper to your ears and heart, read and never forget these words:

Philippians 4:19 ESV
19 And my God will supply every need of yours according to his riches in glory in Christ Jesus.




5. Focus on financial education rather than quick gains
I’ve once been a impatient youth and has searched for quick profits and gains in the wrong places with the wrong focus. In short, I lost Php20,000 with and investment turned into a scam which what I thought was the ticket for me and my family to wealth. There is no such thing as a get rich quick scheme. That is too good to be true. Learn it from me and the rest of the financial advocates and victims from scams. Solid finances can only be gained through proper financial education and slow but steady discipline in growing your investments and legal businesses. Even King Solomon knows about it all too well in the book of Proverbs.

Proverbs 13:11 ESV
11 Wealth gained hastily[a] will dwindle,
but whoever gathers little by little will increase it.

Learn and be mentored by financial advocates and educators on the basic foundations of finances and investments. Before putting down your money on any investment, do your research, ask, learn the risks that are involved and managed your hard earned money well. Financial education is your first line of defense against scammers. Make financial literacy your priority over ROI and gains.

Proverbs 15:22 ESV
22 Without counsel plans fail,
but with many advisers they succeed.




6. Focus on savings and investments, instead of spending
Saving and investing are habits, so is spending. Whichever you practice and focus most can determine your future financial status. Save up for emergencies, invest in your dreams and goals, and do not spend beyond your means. Prioritized your responsibilities such as utilities, paying your debts, provision for your family’s needs and for your future needs instead of splurging and spending it on unnecessary things. Go back to point one and keep in mind that you are a manager of God’s blessings, thus you must develop the discipline to save and grow the money that God has entrusted you with. If not, you will surely end up in poverty.

Proverbs 21:5 ESV
The plans of the diligent lead to profit as surely as haste leads to poverty.




7. Focus on winning long term rather than short term gains
This life is a marathon, a long marathon and everyone has different paths and stories. But only those who stay focused with long term goals and purpose in their life are able to sustain and win the race. There are far more precious goals than gaining wealth and finances. Life is too short to waste it on something as common as money. Earthly treasure will soon fade but only heavenly treasures will last for eternity. When you understand and accept the purpose that God has given you, only then will you find your long term goals. You only have one life to live, live it well, make the most out of it and win long term rather short lived gains. Lay down your life and passions to goals that truly matters and will never fade.

1 John 2:16-17
16 For all that is in the world—the desires of the flesh and the desires of the eyes and pride of life[a]—is not from the Father but is from the world. 17 And the world is passing away along with its desires, but whoever does the will of God abides forever.




Jennifer is a freelance writer and blogger at who has the passion to share personal finance and entrepreneurship. She’s also a financial advocate and associate trainer in IMG.

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The Ghost of August

A boy lights a candle in Kajang, Malaysia, on Aug. 17. It is believed that the gates of hell are opened during the Ghost Month and the dead ancestors return to visit their relatives.

Guest post by Edmund Lao

If the Americans have Halloween, the Chinese have the Ghost Month. In the Chinese culture, the fifteenth day of the seventh month in the lunar calendar is called Ghost Day and the seventh month in general is regarded as the Ghost Month, where ghosts and spirits, including those of the deceased ancestors, come out from the lower realm. This is the counterpart of


It is the Chinese belief that the ghosts and the suffering spirits come out from the hell to visit their homes during the 7th lunar month (the ghost month), many things should be avoided during this month including the ghost day: A lot of Chinese refrain from investing, creating new businesses, or even getting married as they may encounter bad luck along the way.

Even the world of investing is not immune to the effect of the Ghost month. Historically, stock prices fall down during this month as investors lock in their profit and wait for the Ghost Month to leave. There are also newbie investors who join the herd and redeem at a loss just to avoid losing more when the market goes down.

Here are some beliefs:



Do not buy property or make renovations. It is believed that major transactions involving land should not be done during this time, and that renovations should be delayed so as not to disrupt the spirits. There are people who delay buying until the month is over and the problem is there might be an opportunity lost. If the person really likes that property, the best solution is to leave an earnest money to the owner and pay in full when the feared month is over. With regards to renovations, it may be scheduled depending on the degree of priorities of the job.



Don’t sign a contract.

It is said that ghost month can doom contracts signed at that month. It one is uncomfortable, he may postpone it for another date. If you have no choice but to sign, make sure you have studied the contract thoroughly. One must also make sure to research the other party very well before signing the contract.




Do not travel. Travel during the ghost month is discouraged specially at night so as to avoid accidents. This can be one of the reasons there are less leisure travellers during this time. Since there is low demand, ticket and hotel prices are at a low. If you are not that superstitious, you may take advantage of the bargain price to have your vacation.



Do not invest. A lot of Chinese has this fear of the unknown which drives people to act based on superstitious beliefs.  Fear causes investors to stay on the side until the ghost month ends.  It is the same fear that keeps them from investing in the market. This often leads to lost opportunities. Actually the fear of losing an opportunity must be greater than an unknown fear. Ghosts cannot affect our financial goals. They only affect our emotion. Whether Ghost month or not, just keep on investing.



Don’t have major surgery. It is said that major surgeries should not be held at this time, since the hungry ghosts can interfere and lead to more health problems.  Surgeries that are not that critical can be delayed if the patient is superstitious. However, if the patient is in a critical condition and needs a major surgery, it is foolish to delay as it may cause death or even higher medical bills which can drain one’s pocket.


Here is a final thought. If you’re thinking of taking a risk, you may want to minimize it by covering your bases. Also, make sure that you are diversified so that you are not exposed to a single particular risk.  .

Also, do not forget to protect yourself against unforeseen event and risk with insurance. Whether Ghost month or not, you are sure that you will have a financially healthy life




Edmund Lao is a Registered Financial Planner who has a passion to help Filipinos invest and right way and avoid being scammed.

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How can we avoid irrational behavior towards finances?

Hacking your brain to make the best financial decision is not easy as it sounds. Every day we make thousands of decisions from what to buy, eat, dress or watch. Using behavioral economics to shape financial planning in the country is necessary in avoiding biases and intuition that lead to irrational decisions.  Here are the following recommendations in identifying and avoiding such costly mistakes.



Mindfulness – Knowing yourself is the best way to start and observing how you make decisions will bring you to a higher level. If you are considering investing a large sum of money, or you would like to buy or sell your current stocks, it is highly recommended for you to step back, list the cost and benefit of having that decision. Evaluate and see for yourself the good and bad side of jumping into that decision in the long run.


Be a visionary – Most people are currently suffering from myopia (near sightedness) but by thinking and seeing your life 10, 20, and 30 years from now, will give you an advantage. Seeing the lifestyle that you want and able to afford with a disciplined financial plan will help you to avoid expensive mistake and able to manage the risk involve. Compare that with the potential savings over time in your financial plan to help you stay aligned with it. The importance of it was also mentioned by Helen Keller when she told us “The only thing worse than being blind is having sight but no vision”.


Discipline – Willingness to continue over time will put you to momentum. When you create and maintain an overall financial plan and stick to it no matter what happen, the result is a stronger muscle of willingness that’s helpful when a tougher situation arises such as resisting the temptation of buying that expensive bag that you love or to bail out during unpredictable times, knowing that a buy-and-hold strategy performs better over the long term than trying to time the market. At the same time, discipline also can mean knowing when to sell. Gains and losses may happen over time.



schedule prohockeynetwork

Schedule it first –Doing nothing at all is often the easiest choice so having automatic savings and investing plan each month for important long term goals will save you so you can retire with dignity. For many, Myopians (near sighted people) they spend their money in different ways as fast as they can on short-term wants with nothing left or worse buried in debt.  Even investors who want to save for retirement or know they should rebalance their portfolios often fail to take action because they never put their plan in a calendar.



Put it in writing – When emotion is up the logic goes down that’s the strategy of some investors work with advisors to set up a written investment strategy that includes scenarios and how they would act under those circumstances. This allows for flexibility within the parameters of a financial plan and helps avoid making decisions based on emotion. For example, the plan is like a playbook, it consist detail action to be taken if the market increased by 50% or went down by 25%. These game plans are not binding agreements but can provide meaningful ways if an investor begins to have uncertainty with his or her long-term strategy.



images (1) life coaching

Get an accountability partner – According to Charles Duhigg “human beings behave well if someone sees what they do, while we behave our worse when no one else seems around”. Our human tendencies tend to go back to our old habit of comfort zone. Doing mental accounting like disregarding savings for an out of country trip while having so much debt with credit card and high interest loans proves to be insane. Find a coach, a buddy or even a community that will help you watch out for your irrationality.



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 Facebook page or contact me at, here’s also my mobile number 0925-787-7796

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Filed under Business, Community, Conventional Wisdom, Finance Talk, Finance Tips, Financial Advice, Uncategorized

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

Behavioral Investing
Asset allocation

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

Common mistakes of employees during payday

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I am an employee for the last 6 yrs in my life and I notice that these are the bad habits that makes an employee have a weak savings account. Seeing the pattern is like getting out from the rat race.
1.Not paying yourself  first regardless of the SALARY amount.
– Every cut off I made sure that I put money to my savings and mutual funds. Why, because I want to afford the future. Paying myself first will give me a satisfaction. It is hard to build that in the first place specially if you don’t have discipline. But knowing that I can help the needy with my extra cash, use the excess funds to support my friends Mission trips abroad in spreading the gospel and lastly afford the future of my daughter will give me a lovely future. The question is can you afford the future?
2.Thinking about what to spend immediately.
– In our culture as Filipino we are so hyped up with the idea of consumerism. All super malls and well known boutiques or brands are here in the Philippines. They know how to feed our eyes! Marketing strategist were able to identify the behavior of every consumers that’s why massive sale also happens during the 15th and 30th of every month. You know why? Because they are aware when your money is available. Sad to say we keep on getting to their bait and most of the time we are experiencing the pecha de peligro.
3.Giving TOO MUCH to your parents/relative.
– There’s nothing wrong in giving but in reality most of us are in a sandwich generation. The reason behind it were very simple. You have an aging parents but since they don’t have sufficient amount of money at their age right now you need to support almost all the things they need now so that they can live while you are starting a family. Leaving you CASHLESS and savings less. Fast forward during your retirement age your kids will also suffer since you weren’t able to work on your finances while you are still working. Simple but it makes a lot of sense.
4.Not having a clear goal or visions.
– You are a restless  wanderer if you don’t have directions in life. You got goals in your health and your career but you don’t have any clear visions what to do with your money? I find that very odd. You need to go back to basics such as asking yourself. When do I want to be a millionaire? Where to invest in stocks?Where to retire at the age of 45? Can I afford the tuition fee of my son/daughter with my current salary now? Developing that kind of system will surely answer your current problem. I recommend you to take time to know where you at now.
5.Don’t have a good budget structure.
We normally do mental accounting upon receiving our salary and it is really fascinating  we just spend as much as possible. After 2-3 days some of us already feel that they need to file bankruptcy due to poor spending habits. Once you feel that pain in spending, have you ever tell yourself that
you won’t do it again then after the next cut off you see yourself doing the same bad habits? Once you study yourself start making small changes. Soon you will see the difference.

David Isaiah Angway is a Financial Evangelist

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Filed under Behavioral Finance, Finance Talk, Money, Money Mistakes, Payday Madness