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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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Why being a millionaire doesn’t mean you’re happy and what to do with it

A lot of people would like to be a billionaire or millionaire at a young age but upon further research and study it shows up that being overly wealthy won’t give you too much happiness. Here are the billionaires who stated those lonely words.

John D. Rockefeller– King of Oil Industry “I have made many millions, but they have brought me no happiness”

W.H. Vanderbilt– The Commodore and King of Railroad “The care  of $200 million is enough to kill anyone. There is no pleasure in it.

John Jacob Astor: I am the most miserable man on Earth

Henry Ford– Anti Capitalist “ I was happier when doing a mechanic’s job”

Andrew Carnegie–  The Steel Magnate.  “Millionaire’s seldom smile”

Charles Schwab– President of the largest independent steel company- Died Broke

Arthur Cutten– Greatest of the wheat speculators- Died abroad, bankrupt

Richard Witner – President of the New York stock exchange- died just after release from Sing Sing Prison.

Albert Fall– Member of a U.S. president’s cabinet- was pardoned from prison so that he could die at home.

Jess Livermore – greatest “bear” on Wall Street- committed suicide.

Leon Fraser– President of the Bank of International Settlements- committed suicide.

Ivar Kreuger – Head of the world’s greatest monopoly – committed suicide.

King Solomon – Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income.

Dr. Aaron Beck conducted a study of patients hospitalized with suicidal intentions. He published the results in The American Journal of Psychiatry. One of the major risk factors contributing to a suicidal frame of mind was listed simply as financial resources. The doctor’s brief commentary was this: “Risk increases with resources.” The risk of financial resources is well illustrated by the suicides and emotional breakdowns that commonly occur during significant drops in the stock market. It’s also in the epidemic of high blood pressure and hypertension among today’s successful professional.

If you want to be a millionaire, never focus on profit alone but help millions of people first to enjoy the process. Materialism brings us unhappiness and anxiety compare to helping other people that gives joy and satisfaction.

 

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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 ANC On the money, Bloomberg TV Philippines. He also writes for 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, 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.

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

 

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How to increase your financial IQ during traffic

 

Image by BusinessWorld Online

Image by BusinessWorld Online

 

The economic cost of traffic mayhem is devastating our country today and no one knows when it will end. Economic  Planning Secretary Arsenio M. Balisacan has said the economic cost equals $3 billion a day. The sad part of it is we lose that much money forever. Traffic jams wear us out physically and often mean the loss of quality time with family, deny everyone sufficient rest and certainly very inconvenient. While most people fret, whine and complain in their car seats, idle times like these actually present opportunities for people to learn something new and worthwhile. There are ways to increase one’s financial IQ when one is stuck in traffic.

 

 

Image by Geekwire

Image by Geekwire

Read e-books that talk about business

There are hundreds of downloadable documents, magazines, books and piles of information available online. They dwell on investing, saving and money management. Use the leverage of technology and time to help you get smarter than a fifth grader.

Listen to a podcast 

Phone applications are way more popular now and podcasting is gaining prominence even among the nondigital natives. There are free programs available and all you do is look for “Personal finance” and subscribe. This is a free source of information to sharpen your thoughts and enhance your ability to make decisions.Listen or watch YouTube tutorials

WE are in an era where modern technologies, like the Internet, are readily available. Use these free resources to help you build a solid foundation in expanding or broadening your horizon in terms of finances. Though these are free sources of information, they do not necessarily suit you best. Filter what you hear and apply those that fit you best.

Write your thoughts about your finances

Financial products won’t solve 100 percent of your problem in finance, but self- awareness is going to free you from things you don’t know about yourself.  Take notes or type your ideas in your laptop. Have a broader view of what your finances will look like this year and of the breakthroughs you expect to happen. Make the necessary adjustments to handle it.

Image by Imore.com

Image by Imore.com

Download an app so you can monitor your finances

One good thing about these applications is they help you evaluate your finances. I love numbers, since they don’t lie. They tell you something. If you see that your budget is in jeopardy and begins to get out of hand and way beyond your weekly limit, learn to cut your wants and prioritize your needs.

Check web sites on personal finance

Financial web sites are effective in spreading new stuff about practical applications and the principles behind the popular blogs, articles and quotations should inspire you to be resolute move forward.

 

Image by Instagram

Image by Instagram

Bring a book

This is my personal favorite. Business books give me a sense of accomplishment. I can highlight the important points and prevent my phone from draining its battery. The books you need to read should relate to personal finance to increase your IQ and your financial awareness.

Excuses can make you weak. Never fell into that trap. Traffic can prove worse in the coming years, but I also believe that if you want to make some progress in your life, career or personal finance, change your mental perspective and, perhaps, do the unthinkable.

This was also published in BusinessMirror

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

 

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

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

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

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Why employers should adapt financial-literacy program in the workplace?

Employee Benefits - Chart with keywords and icons - Flat Design

Employee Benefits – Chart with keywords and icons – Flat Design

OUR employment rate as a nation is currently at 94.20 percent, according to the labor force survey done by the Philippine Statistics Authority. PricewaterhouseCoopers estimated that 75 percent of millennials will be part of the global workforce by 2025. This generation is getting impatient with the normal work routine and usually hops to other companies due to the “greener pasture” mentality. Millennials are very creative when it comes to information-technology (IT). With the existence of more than 700 IT-business-processing outsource (BPO) companies in the Philippines, only 1 percent of the industry is providing retirement solutions or any related financial-literacy program to their work force.

The most common benefits of employees today, in the private or public sectors, are paid leaves, paid holidays, life insurance, 13th month pay, profit sharing, yearly bonuses, and health and wellness program.

Very few employers are giving retirement incentives, and believe it or not, that big lump sum will not also suffice for an employee since that money statistically can be wasted away easily because of poor financial habits.  People’s lack of self awareness and self discipline will not get things done and the big pay day won’t last due to overwhelming distractions offered by the different shopping malls in the metropolis.

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There’s a big gap between the recent survey of literacy rate that we have as a country at 97.3 percent and the prevailing financial literacy rate. The Asian development bank revealed in its study in 2015 that the Philippines does not have a countrywide strategy for financial education. In contrast, Indonesia introduced its public strategy in 2010, while India started in 2012.

Executive Director of Investors in People Gerry Plana FPM confirmed that “some organizations were having 50-percent attrition rate and that number is totally alarming. If that continues, you are killing the company fast.” You need to have a sustainability strategy that focuses not only on profit and purpose, but also a strategy that empowers your employees.

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He added that organizations must create an engaging workplace since almost all industries are toxic.  With the stressful environment in the workplace, it’s not only enough to give money as compensation to the workers. Companies must guide workers by providing them and their family opportunities to invest in the future, as well as for their children.

Creating a program within the workplace or hiring a Registered Financial Planner can help lessen the prevailing financial literacy gap. Sooner or later, these young people will have a family of their own. Being financially literate will have a positive impact on society as a whole. Empowered and equipped workers give an advantage to the bottom line of any company, in particular, and to the nation, in general.

As of the moment, the most common concern of an employee in terms of finances pertains to retirement. A collaborative research made by Bank of America and Merrill Lynch in 2015 showed that workers responded very well when they get empowerment programs like personal finance literacy in the workplace. Offering financial solutions can help improve business with increased employee satisfaction. This helps make employees become loyal, and productivity, as the study found out, could go as high as 91 percent. This definitely contributes to a healthier bottom-line.

The study also found out that if employees are not stressed with their finances, they are more engaged at work. This way, productivity can be doubled. No one can deny the fact that employees with high morale at work are more productive. 

The autonomy to make decisions base on their financial situation gives workers a boost in self-esteem. Employers will also be happier if they can retain their productive employees by giving them powerful financial literacy programs. Attrition rate will go down when workers enjoy their workplace where they are being given powerful financial- literacy knowledge.

The change that this nation needs could begin in the workplace. Every company not only wants to survive but also to thrive.  This is why good employers must create a sustainable strategy to retain good, productive workers. If you want to have an outstanding organization, invest in your people.

This was also published in BusinessMirror

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

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

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

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

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Financial Strategy for Passionate Travelers

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Travel is one of the best ways to learn. You get to see and explore places, experience cultures, feel adventures, meet interesting people and get to know more of yourself in every journey. I got fascinated by postcards as a child, and I promised myself to get to these places when I found a good job and started earning money, which I did and still do.

We can’t deny the fact that travel costs us our hard-earnings but it won’t necessarily be, only if we know how to budget, plan, and spend wisely.

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The more we travel the more money we need to sustain it. This is the thinking that hinders us from fulfilling our dreams to see the world, which is absolutely true. Some thinks they can’t afford it because of their income level. Some believes that working very hard at young age and travel when rich is the most suitable. But the questions are; when are they going to be rich and start to travel? By the time they are rich; do they still have the energy and enthusiasm to explore? Travel doesn’t define how much earnings we do nor knows age, for it applies for people who have greater view of the world.

 

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The only differences are the enthusiasm and energy. Most people who travel on budget at young age take the most out of their journeys due to minimal limitations. They have all the energy to move everywhere on foot and do almost everything out of nothing. They experience the most adventures!

I have been traveling both domestic and overseas for 8 years now to earn experiences and memories that will last a lifetime. Memories that will make us smile reminiscing, when our knees can no longer endure long journeys. I did it, and so can you!

 

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I am writing this blog to help people set a better planning with their finances for travel funding to fulfill their dreams too. I also share my strategy and formula backed by some financial research I did few years ago which I proved myself to be very effective. It only needs control and determination to save the target funds we need.

 

Income vs. Expenses

Income – Expenses = Remaining Funds

Income is the money obtained through employment, business and other assets.

Expenses are the outflow of funds from income which includes all sorts of bills, food, shelter and other liabilities.

Remaining funds is the difference between income and expenses.

 

Remaining Funds

%20 Savings

%10 Investments (Stock Market and etc.)

%10 Emergency Funds

%60 Travel Funds

Example:

Assuming I only have 1 source of income through my employment earning 20,000php a month.

Income = 20,000php

Expenses = 11600

  • Electric Bill = 1500ph
  • H2O Bill = 500php
  • Monthly Allowance = 5000php
  • Cable = 600php
  • Food = 4000php

 

Income – Expenses = Remaining Funds

Remaining Funds = 8,400php

  • %20 Savings = 1,680php
  • %10 Investment (Stock Market and etc.) = 840php
  • %10 Emergency Funds = 840php
  • %60 Travel Funds = 5040php

 

I have 60,480php accumulated by the end of the year for my travel without compromising my savings and other necessities.

 

Disclaimer:

The information above related to finances are based only on my own understanding of the books I read, I researched and formulated a long time ago, which I applied to myself and proven to be successful for travel funding in the past 8 years.

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Irrational Behavior at ANC On the Money by David Angway

These are the things that I shared to our televiewers when we talked about irrational behavior towards personal finance.

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All pictures belongs to ANC On the money

 

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

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

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

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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.

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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.

 

Visionaryadvertising.co.uk

 

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-is-the-bridge-between-goals-and-accomplishment
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.

 

 

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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.

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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 winlongterm.com Facebook page or contact me at david@winlongterm.com, here’s also my mobile number 0925-787-7796

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Financial Fitness Forum 2016: Developing the financial habits that will last.

 

financialfitness

 

I want to thank God for the talent he gave in the first place, Sir Henry Ong for trusting and the RFP institute for giving an opportunity to speak in front of everyone. I can see my professors, clients, mentors, colleagues back then who are here today. Thank you so much for your commitment to personal growth even it’s Saturday.

My question is how would you know the difference between a poor, middle class and rich?

Anu raw binabasa ng mga Mahihirap?

Poor – Tabloid

Middle class – Event Magazine

Rich – Business Books

This is a classic example that your habit can transform who you are.

Are you the kind of person who keeps on having issue with applying everything that you know in finances. Did you promise yourself this year that you will experience growth in your savings or investing but still nothing is happening? Have you bought a certain financial products in the market recently and having a hard time paying for it?

According to a recent study done in the United States, 94% of the attendees today will not change their behavior after the conference and 6% will only be successful to apply what they’ve learned from this program today.  You are learning a lot of stuff about finance since 10am so you are probably overwhelmed with the information and the big question is how I can actively do it. I can simply conclude that habits will either make you a winner or a big loser.  I’ll tell you how.

 

images Mindfulness

 

The first key to change the habit is to know your identity and your tendencies.   You need to understand who you are as a person and what your identity really is. If you believe that you are a middle class your tendency is to act like a middle class but If you believe that you are a rich person. You start talking and acting like a rich. I would like to show you the big distinction.

The middle class climb the corporate ladder, the rich own the ladder

The middle class are friends with everyone, the rich choose wisely

The middle class work to earn, the rich work to learn

The middle class focus on saving, the rich focus on earning

The middle class are emotional with money, the rich are logical

The middle class believe in hard work, the rich believe in leverage

 

emotions

Last 2009 when I got scammed, I was just a fresh graduate from college, with a medical degree, got low financial quotient back then and No one taught me about personal finance.  I was not trained to invest my money. So what happened AFTER that between 2009 to 2016?  That’s what I would like to share it with you.

Aerial of Ricky Hatton down during the count by the referee after a knockout by Manny Pacquiao to decide the 2009 IBO Light Welterweight Title at MGM Grand Garden Arena. Las Vegas, Nevada 5/2/2009 (Image # 5028 )

Aerial of Ricky Hatton down during the count by the referee after a knockout by Manny Pacquiao to decide the 2009 IBO Light Welterweight Title at MGM Grand Garden Arena.
Las Vegas, Nevada 5/2/2009
(Image # 5028 )

This was Ricky Hatton (Rebel) being knocked down by Manny Pacquiao on the 2nd round of their fight way back 2009. This was my situation back then, I got scammed worth 50,000.  I was prideful that time, alam mo yun, you think you know everything, but reality was losing that money was just a big blown on my ego,It knocked me off right on my head. A couple of months after  I got scammed I became reckless ,distraught ,disappointed and dismayed to the point that I felt I have no one to turn to ,in other words I am hopeless that I will ever regain what was lost in me.

 

This is my beautiful daughter who questions everything before she obeys. (Questioner)  2011,I was like her. I started asking questions because of fear of having bad investment again  but it did not mean that I am critical about it but I just wanted to learn more to be more responsible with my finances.

 

This was the Golden state Warriors when they won the 2015 NBA Championships. I consider myself that I’m in this state right now because of a working system but there’s still so much to learn.maxresdefault

The pictures that I presented awhile ago have something in common.  These are the people who represent us every single day.

According to the research done by Gretchen Rubin, we got Four Tendencies and that’s Upholder, Questioner, Obliger and Rebel.

So let us identify these 4 tendencies.

HabitsChart

 

Upholder, are the people who love to schedule everything They love to create rules for themselves; they impose it and exercise self discipline. They can adapt asap with no more debate if they write it down that means it should be done. Only few people are these.

Questioner, these are the people who keeps on asking whether an investment program makes a lot of sense or will that help them, let say will this seminar increase my money on their pocket or is doing a budget makes a lot of sense. If it is, they will comply. If not, they won’t bother. Do you know someone like that?  They have normal tendency of being skeptic but that’s their strongest ally.

Obliger they promise that they will start exercising but end up eating a lot. Some of them know that when pay day comes, they promise to start investing; they start pretty good but end up not making it for a long run. They are having issues making this investing a reality. They’re trying to figure out the answer on what to do, and they do it themselves but still not working.

Rebel tendencies have different worldview. Whatever you suggest to them they won’t accept it.  The mere fact that they heard financial fitness forum they become allergic to it and don’t want to be bind. This happened to Ricky Hatton when he was knocked down because no matter what his coach told him, he has his own game plan.

Build a system

These 4 tendencies have already an existing habits..

If you want to develop the habits that will last remember the habit loop, you need to know the cue routine and reward.

For example if there’s a seminar like this, how many of you will find time to check your schedule first, how much is the fee, check the cost benefit of the seminar then make a decision. It is a routine.

Cue: Let say pay day or an extra money coming in, you already have the money, what do you do? Routine and Reward happens next.

 

This is the habit loop. 

Power-of-Habit.003

Upholder will immediately do the following budget, allocate, check his online banking .  Automatically they Put all the budget in a paper or in excel file. Check the statistics of their investment every day.  the reward: Satisfaction

Questioner will think whether it makes sense to have a budget or do any investment allocation: If it makes sense then he will do it, if not, then forget about it. The reward is No Stress.

Obliger, should I go and have budget to save money, I think I won’t be able to sustain it too, he will do it for the next 2-3 months then after that he’s done. Many people fall into this. That’s why same thing goes with finances the more na you are with people who got discipline, you also adapt to it.

Rebel. Who cares.  I will do whatever I want with my money, The Reward. No stress and no binding contract, he’s satisfied with that.

Willpower

man-tempted-cake-rotator

From the habits we develop our Willpower to control ourselves. Willpower is like a muscle the more you use it, the more na napapagod ito as the days goes on.

That’s why it would be better for you If you have the option to make financial decisions earlier in the day rather than later, do it – you’ll be more likely to make the smarter decision. There’s a recent study in the UK that says the reason why many people are poor is because they don’t prioritize making financial decisions earlier in the day.

If you want to increase mindfulness to achieve lasting habits you need to improve your thinking.

Schedule – When you schedule things it simply gets done Habits grow strongest and fastest when they’re repeated in a more predictable ways.

You get the sense of accomplishment when you cross out that one activity such as Paying for your insurance on time or do a peso- cost averaging with your investments. It also builds momentum.  When you cross that to do list, I saved funds, I also invested today, or I sold my stock. This eliminates the procrastination. It also helps to say no to trivial things.

For example,

zuckcloset.0.0

This is the closet of facebook founder Mark Zuckerberg.If you notice,he has a habit of wearing the same thing everyday. Why? He would like to lessen the decision fatigue.  Same thing goes with your finances, when you schedule it, you eliminate the question whether I need to save or not, invest or not, pay my insurance or not.

No debate anymore.

The power of community

 

FB_IMG_1449931190751 Community

These are the people of RFP. As you can see I am the youngest.

Let me tell you a story how RFP change my perception towards finances, it opened up my brain that there’s so much more to learn. I am not ashamed to tell everyone this because I’m a product of  175 yrs of experience of my professors. Imagine they’re 7 people who got minimum of 25 years of experience. It’s very hard to do it in my own way so I use leverage of other people’s experience to get ahead in the game. It’s a fast track movement. You need to stop thinking like a middle class if you want to be rich. By simply attending RFP this is the price but this is the value that you will get.

Successful story about habits IKEA billionaire

 

ingvar kamprad habit

Ingvar Kamprad is the founder of Ikea a Swedish company and and his net worth is an estimated $71.8 billion and pretty much can buy whatever he wants. But he’s still buying 2nd hand clothes till now. Again it speaks about his identity. He thinks middle class own things, while rich people exercise frugality.

You cannot remove habits, you can only replace them with a better one.  The loopholes are excuses. Change your habits and it will change your life

 

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

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

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

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Men who built America –5 characteristics of the most powerful banker J.P. Morgan

Morgan

 

He is the person who inspired the game monopoly and inspired the modern system for corporate management. The character of this person was a go getter. He got money and power but not only that. These are the amazing characteristics that I think everyone can emulate from the king of banking industry.

 

Defiant – When he was young, his father trained him too hard. All his actions are being watch; he had this crisis in him where he wants to create his identity that’s far from his father. A great opportunity open up when he teamed up with a brilliant Thomas Edison, they created a partnership that brought Direct current in America. His father thought that investing to that invisible energy is futile and a waste of time.  Even his dad was disappointed he can see that electricity will be the future. Many people won’t see the vision that you got because God never gave those to them.

 

Maximizer – As a banker, he managed the risks, all those companies that are struggling back then were being consolidated to make sure that it can still survive and prevent filing of bankruptcy. This innovative system is being follow till now and named it Morganization in honor of him. I also think that Manny Pangilinan group of companies are doing the same thing today, wherein they are the savior of those great companies back then and to avoid further fall, they’ll get into the scene and restructure it.

 

Be a competitor – He competes like Rockefeller and Andrew Carnegie but he uses his power, influence, money to get what he wants. He’s determination to get the unthinkable gives him that level of mentality.  Be a go getter and not just a planner.

 

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Influencer – He’s also famous in Wall Street, America recently had gone to an economic depression and the people know exactly who to go to get forecasting. He’s an expert so everyone listens to him when He speaks.

influencer

 

 

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

 

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

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

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

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Men who built America – The power of Andrew Carnegie’s Characteristics as a Steel Magnate

03andrew-carnegie

Men who built america picture

He was young when he arrived in United States of America, from nobody he turned himself into somebody and saw the value that he can give to the world and maximized everything about it. Seeing leaders in the industry from Rockefeller to Vanderbilt, he needed to level up his character to achieve necessary things and these are my observations at the life of the biggest steel magnate of all time.

 

An apprentice turned titans – he owed most of his learning from his mentor, Thom Scott and would like to replicate what he had. From the time he’s a little boy, Scott taught him a lot of things. Now that he has his own venture he understands the business process and competition that will help him outlast his rivals. The value of leadership had such a big impact to him and he did a phenomenal job.

 

Risk taker – No risk means no reward at all. Seeing the current situation in America and the railway system, Carnegie saw the potential bridge that will help his new business to thrive; a long mile bridge that will outlast the test of the current of the Mississippi river will give him an advantage and show to the world that Steel will become huge in the future.

 

Smart – His willingness to rise from the top was more of his passion to outduel Rockefeller. He tried to create a profitable company but cannot make things happen all the time so he hired a very strict person to oversee the company.

 

Mezzanine_628

 

The giver – Carnegie’s wealth came from the people who worked for him. He put a product and created a process but he realized what the purpose of massive wealth if he will die rich. He is not a popular capitalist compare to his rivals because he set the standards of telling everyone that if you die rich, you are a disgrace. Knowing that, he started giving back to the masses and funded a lot of nonprofit organizations. Libraries are the best contribution of Carnegie to the modern society, there’s more than 2500 Carnegie hall in the United States. He’s empowering the next generation to use these places to self educate themselves.

 

philanthropy

 

 

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

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

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

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

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