- 1. FINANCIAL COACHINGSOLID FINANCIAL FOUNDATION RiCH!!!...to be
TRULYCOACHING...to become TRULY RiCH!!!
2. Financial struggles? Hunger for knowledge? o Do you have a
mountain of Curiosity? debt?Desire to take control of your
finances? Dreams, aspirations problems o Are you
havingmakingfinancially independent Of beingends meet? Of being
more generous moreo Do you always havemonth than money? For your
family For your relatives For your country For humanity in
general5/12/2011 RVCS JR TRULY RICH MAKER 3 3. 5/12/2011 RVCS JR
TRULY RICH MAKER 4 4. 5/12/2011 RVCS JR TRULY RICH MAKER 5 5.
5/12/2011 RVCS JR TRULY RICH MAKER 7 6. IsMore than 25 Years in
USA/Canada & an independent marketing company
whoseassociates,15 Yearsits affiliated companies, offer athrough in
the Philippinesbroad array of financial services and products. 7.
OUR MISSION..Make a Difference for FamiliesAt IMG, you can help
make a difference for families by showingthem a new path toward
achieving their financial goalsNo Family Left Behind 8. LEARNING :
your first gain in any investment or business must be always
financial wisdom, not money. Fely Santiago 9. MISSION: to change
the saying that the rich get richer and the poor get poorer.
BELIEF: the averageperson, even the poor, hasan equal chance to
becomewealthy if given the RIGHT INFORMATION. 10. Investement
Advocate/Licensed broker fromCitiseconline 11. IMG Offers Total
Financial Solution Financial Literacy Learn to become your own
Financial Adviser Learn how to manage your money Get out of
DEBTs!!! Make money Work For You Disciplined Approach to Investing
Develop the habit Proper and Solid Financial Foundation Direct
Access to Financial Services Companies Be Your Own Broker Earn from
your own needs Investment and Business Opportunity towards PASSIVE
INCOME for retirement 12. Money Mistakes among Pinoys Overspending
/ Not Living Within Ones Means SALE, % OFF / % DISCOUNTS, PROMOTION
0% Interest Instalments, Color Tags More wants than needs
Materialism 13. Money Mistakes among Pinoys Overspending / Not
Living Within Ones Means SALE, % OFF / % DISCOUNTS, PROMOTION 0%
Interest Instalments, Color Tags More wants than needs Materialism
Credit Mismanagement Personal Loans, Credit Cards, Mortgages Market
Manila 2011, Southeast Asian Central Banks 2008:Philippines has 28%
of total household debt in the form ofcredit card loans 14. Money
Mistakes among Pinoys Overly conservative in Investing Money When
it comes to financial products, most Filipinos are onlyfamiliar
with SAVINGS ACCOUNTS the basic service offeredby any number of
Savings Bank in the neighborhood. Most Filipinos do not think long
term, preferring to save theircash for what they consider to be
immediate and primaryneeds, such as health and education. Lack of
Financial Education Citibank Survey June 2011: Filipinos Financial
IQ = 48.9 /100 Filipinos average savings in reserve = 9 weeks 15.
Four basic ways to earn money: Employment - When an employee works
for an employer and gets wages/salary in return. Self-employment -
This means working for yourself that can earn you money. Business -
This implies having a set establishment or system that can churn
out money for an individual. Investment - This involves making
money out of money or in other wordsmaking money out of the
accumulate capital. 16. Four basic ways to earn money: In this
financial coaching we will focus on this Investment Quadrant. We
will learn the ways on how we can make our money work for us so
that we can achieve our future financial goals. 17. Why do we need
to increase our Cash Flow? because we have, what we call our life
goals and responsibilities. 18. Goals in life: 19. Life Goals
&Personal CashResponsibilities Flow 20. 1. Increase your cash
flow to match or exceedyour life goals & responsibilities. Life
Goals &Personal CashResponsibilities Flow 21. 2. Decrease your
life goals & responsibilities tomatch your cash flow.Life Goals
& Personal Cash ResponsibilitiesFlow 22. HOW do we increase
cash flow?1. Never depend on single income. Make INVESTMENT to
create second source.- Warren Buffett 23. 2. Keep your day job, and
start a BUSINESS on the side. - Jim Rohn 24. Most people are
indebted. Live simply.Types of Debts: BAD Debts: Debts for
Consumables GOOD Debts: Debts for Business Just what Mr. J. Reuben
Clark quote that:It is rule of our financial and economic life
thatinterest is to be paid on borrowing money... once indebt,
interest is companion every minute of the dayand night; and
whenever you get it in its way orcross its course or fail to meet
its demands, itcrushes you. 25. Bad Debts Smart TV using credit
card 26. Good Debts Van using bank loans for business 27.
PHILIPPINESMarket Manila 2011, 2010 data:45% or roughly 3 million
out of 6.7million cards carry an average of P44,776in revolving
balances roughly 2 millionout of 6.7 million cards has an average
ofP60,000 revolving balancesMarket Manila May 2011: Credit Card
Overview 28. PHILIPPINESMarket Manila 2011, 2010 data:45% or
roughly 3 million out of 6.7million cards carry an average of
P44,776in revolving balances roughly 2 millionout of 6.7 million
cards has an average ofP60,000 revolving balancesMarket Manila May
2011: Credit Card Overview 29. PHILIPPINES CURRENT REGIONAL MINIMUM
SALARY(As of November 2011)NCR: Php 10,224 per monthDOLE:
http://www.nwpc.dole.gov.ph/pages/statistics/stat_current_regional.html,
NCR: Php 426 per day, 8H/48H/4W 30. o An EMERGENCY FUND is a highly
liquid account, suchas checking or savings accounts. This allows
quick accessto funds, which is vital in emergency situations.o The
purpose of the fund is to improve financial securityby creating a
safety net of funds that can be used to meetemergency expenses. 31.
THE FINANCIAL CYCLE OF A PERSON:Spend Workthen EMERGENCY situation
occurs what will happennow? Earn 32. with Emergency Fundthis will
help us avoid debt traps Debts Work 33. 3 - 6 Months equivalent of
monthly expenses 10 - 12 Months equivalent of monthly expensesHow
to start in creating an emergency fund? 34. 1st Concept : PAY
YOURSELF FIRST Expenses INCOME Debts Income Expenses = Savings
Poverty Formula God Savings Expenses (10%) (20%) INCOME (70%)
Income Tithes Savings = Expenses Prosperity FormulaWith this, we
can fund for sure our financial plans completely. 35. Before we
build our wealthWe need protection for assets and life. 36. 2nd
CONCEPT : THE X CURVEStages of Financial LifeHigh
ResponsibilitiesLow Responsibilities Food Healthcare Shelter
Clothing Retirement EducationSTAGE 1 Healthcare Debts/LoansSTAGE 2
INCOME (ACTIVE)INCOME (PASSIVE) You work hard for the money Money
works for YouLow Savings High SavingsYOUNGEROLDERDIE TOO SOON
Protection LIFELIVE TOO LONG Investment 37. Get out of debts before
you invest.Invest safely and correctly. 38. Get out of debts before
you invest. Invest safely and correctly.How long will it take your
money to double in value? 39. 3rd Concept:The Rule of 72
(LXXII)Dividing the number 72 by the interest rate of your savings
or investmentswill give the estimated number of years it will take
for your money to double. 72 4% = 18 72 8% = 972 12% = 6 Money
doubles every 18 years Money doubles every 9 years Money doubles
every 6 years Age 4% Age8% Age 12%29Php 100,000 29 Php 100,00029Php
100,00047Php 200,000 38 Php 200,00035Php 200,00065Php 400,000 47
Php 400,00041Php 400,00056 Php 800,00047Php 800,00065 Php
1,600,00053Php 1,600,00059Php 3,200,0004X65Php 6,400,00016X 40.
RULE OF 72(from Compound Interest) COMPOUND INTEREST = theeighth
wonder of the world, greatestmathematical invention, and mankinds
greatestAlbert invention, because it has a force for amassing
wealth. EinsteinAlbert 41. Wealth Calculator 42. Financial
Education I= Pin 36,000 + 5,000 = 41,000= 41,000 x 12%= 4,920
Yearly Update = 45,920 Melvin Flores My Sponsor Levi Mateo My 1st
Leg The Power ofCompounding Interest 43. oDid you know that money
in the Bank slowly evaporates under the heat of INFLATION?oYour
money shrinks over time, just like how water dries up under the
heat of the sun. 44. Lets do the math on this Ligo Sardines
example:Price of LigoMoney No. Ligo 2011 purchased11.25 1009 No.
Ligo DepositTotal2012Price of Ligo MoneyInterest RateMoneypurchased
14.00 1004%1048 45. INFLATION RATE, PHILIPPINES 2005 2011Month 2011
2010 2009 2008 2007 2006 2005Average4.8 3.8 3.2 9.3 2.8 6.2
7.6http://www.nscb.gov.ph/stats/http://www.nscb.gov.ph/secstat/d_price.asp
[National Statistical Coordination Board] 46. How to Beat
Inflation? Decrease your monthly expenses Increase your salary
Increase the earning capacity ofyour money 47. Best Interest Rates
on a 1 Year / 12 month Time Deposit in the Philippinesas of
November 2011 DepositAccount Details AccountTOP #1 Interest Rate is
determined by the amount deposited in Peso over a 12 month/1 year
period. 10,000 - 99,999.99 2.000% 100,000 -299,999.992.125% 300,000
- 499,999.99 2.375% 500,000 - 999,999.99 2.625% 1 M - 4.99 M 3.250%
5 M - 9.99 M 3.375%10 M and over 3.625% 48. Best Interest Rates on
a 1 Year / 12 month Time Deposit in the Philippinesas of November
2011 DepositAccount Details AccountTOP #2 Interest Rate is
determined by the amount deposited in Peso over a 12 month/1 year
period.50,000.00-299,999.992.65%300,000.00-999,999.99 2.75%1 M -
1,999,999.992.85%2 M - 2,999,999.992.95%3 M - 4,999,999.993.05%5 M
and over3.25% 49. Building a Solid Financial
FoundationINVESTMENTEMERGENCY FUND DEBT MANAGEMENT PROTECTION:
INSURANCEHEALTHCARE INCREASE CASH FLOW BUILD IT RIGHT. BUILD IT
STRONG 50. BUILD IT RIGHT. BUILD IT STRONG 51. People will tell you
I dont have money to invest but ShoppingP 3000136,000P 165,120 10
YRS @ 15% = P 4,020,552.45 52. Control the distribution of your
estate.Transfer inheritance to our children. 53. CHAPTER I - ESTATE
TAXSEC. 84 Rates of Estate Tax. - There shall be levied, assessed,
collectedand paid upon the transfer of the net estate as determined
in accordancewith Sections 85 and 86 of every decedent, whether
resident or nonresidentof the Philippines, a tax based on the value
of such net estate, as computedin accordance with the following
schedule: If the net estate is:Over But Not Over The Tax shall be
Plus Of the Excess Over P 200,000ExemptP 200,000550,000 0 5%P
200,000500,0002,000,000P 15,000 8% 500,0002,000,0005,000,000
135,000 11% 2,000,0005,000,00010,000,000465,000 15%
5,000,00010,000,000And Over 1,215,000 20%
10,000,000www.bir.gov.ph/taxcode/1889.htm 54. Money is the root of
all evil.10 Forthe LOVE OF MONEY is a root of all kinds ofevil.
Some people, eager for money, have wanderedfrom the faith and
pierced themselves with manygriefs.1 Timothy 6:10 (KJV) 55. 1 of
every 7 verses in the Gospel of Luke talks about money.Jesus talked
about money more than Hedid of Heaven and Hell combined. Jesus
talked about money more than anything else except the Kingdom of
God. How many parables in the Bible? How many talks about money?11
out of 39 parables 56. 5/12/2011 RVCS JR TRULY RICH MAKER 78 57. To
be born rich or poor is not achoice, but to become rich or
poor,thats a choice that GOD leavesup to us. Bo Sanchez 58. END of
PART 1 59. 5/12/2011 RVCS JR TRULY RICH MAKER 81
