Thursday, November 21, 2013

If P7,980 Can Give You A Good Future, Will You Buy It?

With all the scams that we hear daily from different media, we tend not to believe in good things anymore.

With all the get-rich-quick schemes we hear about everyday, our ears go deaf when we listen about other legal ones.

When we hear of people getting rich not because of employment but because of a different form of marketing, we never believe.

We always think that we have to see before we believe.

But, here are what we most believe in.

If I were born with good parents, I would have had a good future.

If I had lots of money, I would have started my own business.

If I were not under the supervision of a grouchy and unfair boss, I would have been promoted.

These and lots more are what we most believe in.

Now, here comes the main menu of this article.

Do you believe that P7,980 can you give a good future? Do you believe it can provide for your needs? Do you believe it can solve your money problems? Do you believe it can help you help others?

If your answer is yes or maybe and you want to know how, you can write your comment on the comment box. You can also send me an email or a text message.

To Your Financial Success!



 Lornajane Altura

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Tuesday, November 19, 2013

Money Myths

I was dining with some of my close friends today. We were heartily eating our meal when suddenly the conversation went to having money.

It dawned on me that my friend only wanted to be content. She said something about people who was once poor and then changed when their circumstances got better. For everything she said, I thought that I was once like her. 

However, I was grateful enough that I was exposed to books that taught about the difference between a poor person mindset and a rich person mindset. 

Through the various seminars about changing your money-mindset by Chinkee Tan and other speakers I have known these past few months, I was able to know that there are lots of money myths. Here are some of them:

1. Money is not important. If money is not important, they why do people still work daily? 

2. I don’t want to have lots of money. I am content with what I have. Being content does not mean being free from wanting better things in life. It means thanking God for blessings you have but still striving to reach a better life for you family. Having a better life means having the financial capacity to provide for their needs and wants.

3. If I will be rich, I will become a bad person. There are lots of rich people who are good. There are also lots of poor people who are not good people. Decide whether you want to become bad when you get to be rich.

Are there any other money myths that you know? Feel free to share that on the comment box.

To Your Financial Success!


 Lornajane Altura

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Sunday, November 17, 2013

How to Plan for an Early Retirement for Filipinos

Early retirement does not happen. This requires planning, commitment, and money.

Philippine fact

1.       The average lifespan of Filipinos as of February 2013 is 71 years.

2.       The average Filipinos spends 10 years in retirement.

How should an average Filipino prepare for retirement?

1.       Know your needs for retirement. Pinoys think that their lives would be easier when they retire. However, the cost of living increases as the years pass by. This means that what you earned when you were younger does not mean that it will be enough when you retire. The secret on how to plan for an early retirement should be to plan ahead.

2.       Saving is good but it does not mean that what you save will be enough.  If you save your money in the bank, this only amounts to a 0.25% annual interest rate. If you are able to save P1,000 pesos per month for 20 years, that would only be around P300,000. This means that if a Filipino retires for ten years, it would be spending P2,500 per month from savings.

3.       Find out about your GSIS or SSS benefits. It would be wise to know about how your retirement benefits from these institutions would be like. However, there is bad news for people who trust their retirement with either institution. You can read about why this is so if you read thisarticle.

4.       Invest. It is true that there are no plain employees who became financially stable when they retire based only on their employment. You should invest your income in various ways. You can ask any financial planning institutions on how you can diversify your income. You can start a traditional business or join a network marketing company.

If you desire to have an early retirement, you can get practical advice. You can post your comments on the comment box or send me an email.

To Your Financial Success!


 Lornajane Altura

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Thursday, November 14, 2013

Link Post: Spending Habits of Filipinos

I was surfing the net for valuable money management tips for Filipinos. I was in Facebook at one time and there was this Facebook page called Ready to be Rich. I soon found out that the owner of the page was Fitz Villafuerte who has a blog named after him.

I found his interesting post about an Infographic regarding the Spending Habits of Pinoys. It was interesting to note that out of a monthly budget of P20,000, Pinoys only spend 6% of their income in bank savings. Although many Pinoys know how to save, the percentage being saved is really quite low.

My thought was how about for people who do not have P20,000 as their monthly budget? How can they survive?

If you desire to save a portion of your money but still are unable to make a big financial change within your life, I have a system that I can share with you on how to be able to save more on your income.

Feel free to comment on the comment box, share this post if you like, or send me an email.

To Your Financial Success!



Lornajane Altura

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Filipino Self-Made Millionaires Series

People who are successful make others feel inspired. Others want to be like them.

What is more exciting is if a person knows these successful people personally.

I am writing a 5-day serious about six Filipino Self-made millionaires in the days to come.

Anticipate, Read, and Be Inspired!


To Your Financial Success!


Lornajane Altura

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Tuesday, November 12, 2013

Child to Parent: “Why are We Poor?”

I credit this blog to Arnel Navarra’s Life Secure Program. As I was searching for interesting posts in Facebook, I got to see this picture with “Tatay, bakit tayo mahirap?” If you were the parent, these words would strike your heart.

Here are the possible things that a parent can answer to his child:

1.       I was born poor.
2.       My parents can only afford to let me finish elementary.
3.       I can barely afford giving you and your ten siblings proper food and nourishment.
4.       I only earn 100 pesos per day.
5.       The government does not help poor families like us become financially stable.
6.       I got married early so I was not prepared financially.
7.       I have to support my parents so I cannot give everything to you.
8.       I have lots of loans to pay for.
9.       And the list goes on and on…

If you are a parent, what would you answer to your child regarding his question “Why are we born poor?”

If you want to get out of poverty and live a life of stability, you can post comments on the comment box, text me on my phone, or send me an email. I can show you a system on how you can solve the problem about being poor.

To Your Financial Success!




Lornajane Altura

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lornajanealtura@gmail.com

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Monday, November 11, 2013

The Three Types of Senior Citizens: What Will You Be When You Reach 65 and Above?

When you are young and alert and you seem to own the world, you never think of the day when you get to be 65.

When you are old, you regret your younger days when you could have made the right decisions in life.

Here are the three kinds of senior citizens in terms of finances:

1.       The broke Senior Citizen. This kind of Senior Citizen worked hard all of his life. He manages to live his life on a daily basis by constantly asking his friends and family to lend him money. He might be a parent who depends on the charity of his children. He might have been a retired employee who was not able to use his pension plan properly. He has to depend on medical welfare for his medicines. His money cannot cope up with his daily needs such as food and medicine.

2.       The working Senior Citizen. Sixty-five is the ideal retirement age. By this time, retirement should be synonymous with enjoying his lifetime benefits. However, at age 65 and beyond, he still works. He still has children to support. He still has grandchildren to take care of because his children cannot afford the daily needs of their children. What he did for the past 40 years of his life is still the same pattern that he does when he is old.

3.       The financially free Senior Citizen. He has known the secrets of the rich. He has known the power of leverage. He can travel wherever he wants. He is reaping what he has invested when he was in the working age. Money is not a problem to him. He can afford not to work. He is financially stable.

If you are young, always remember that what happens to your parents and grandparents might be the same thing that will happen to you. If you were to choose among the three kinds of senior citizens, you would want to with the third kind. You do not want to be on the first or the second choices.

If you want to be a senior citizen someday who has financial freedom in your twilight years or even if you are a senior citizen now, I can show you a system on how this can be done. Just send me a text, comment on the comment box, or write me an email.

To Your Financial Success!



Lornajane Altura

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Sunday, November 10, 2013

4 Reasons Why Filipino College Graduates are Unemployed or Underemployed


John hails from a poor rural area in Estancia. He was born into a family of ten with farming as the main source of livelihood for his family. His father’s father was also a farmer so if he were to inherit that, he will also be a farmer.

He saw what it was like for his family to wake up in the wee hours of the morning just to tend to their farm. Sometimes, harvest was bountiful. Sometimes, they go hungry because of natural disasters that ravage their town.

He then thought to himself, “Why should I be dependent on farming when we toil the land to provide food for Ilonggos and yet we starve.” That was the breakthrough that he decided to become the first professional in his family. He became a working student in Northern Iloilo Polytechnic College. Despite the odds, he was able to finish his degree in Education.

After graduation, he believed that this will be the time he can help his family. But, with the overproduction of teachers like him and with so many limited schools or schools with limited budget, he cannot practice his profession.
With no school to teach, he applied to other jobs that were not aligned with his degree.

John is now a statistic. He belongs to the underemployed.

Many Pinoys have a dream. The dream is to provide for your family:  to give them the best that they can have, to have a house they can comfortably live in, to have a car for convenience, to travel whenever one wants to travel.

Thus, this is the reason why many proceed to obtain a college education as education is the means where they can help their families. Or is it really?

Pinoy College Graduates now belong to the new era of employment where there is a mismatch of courses with the required skills in the workplace. There is also a lack of jobs that is in line with their chosen profession. There are also graduates who are employed but are underemployed (this means they are practicing their profession but they are underpaid). This is the reality wherein Pinoys have to face this decade and in the decades to come.

Here are the reasons why Pinoy college graduates are unemployed or underemployed:

1.       Unemployment rate inches up to 7.3% in July 2013. The National Statistics Office conducted the latest survey about the labor force. There was a decrease by 1.6 percent in the number of wage and salary workers in July 2013 compared to the same period in 2012.

2.       The law of supply and demand is at work. If there is a large supply of workers, then employers can decrease the salary they give to workers. They have a wide pool of workers to choose from, so why should employers worry?  Employers can always give the minimum wage thereby maximizing their profit.

3.       Sixteen out of 100 graduates are unemployed. This is the data from the National Statistics Office as of January 2013.

4.       The Philippine economy can only generate 900,000 jobs annually. The average number of graduates per year is 500,000. That means that there will still be other graduates of the previous years who will be competing with the new graduates for jobs. Just think of Darwin’s Survival of the Fittest.

This shows how grim the economy of the Philippines is in terms of employment.

If you are like John who dreams of a better future for your family, yet you belong to the great unemployed of the Philippines’working force, there are better ways than being employed. Just send me an email or text me through my phone number. I can show a system that can help you reach your dreams and not be part of the unemployed of Pinoys.

To Your Financial Success!






Lornajane Altura

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lornajanealtura@gmail.com

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Saturday, November 9, 2013

Typhoon Yolanda

I usually do not write my personal rants in this blog. However, Super Typhoon Yolanda has made me rethink about what I have to write in the next days to come. 

I have not written a post for yesterday as there seemed to be eternal blackout. I am just happy to say that God has kept my family safe as well as most of my fellow Ilonggos.

My heart goes out to those who were affected by this natural disaster.

As I have said in the previous post, Pinoys should be prepared not only for natural calamities but as well as for their future.

There is a great calm after the typhoon.

God bless Philippines!

I would like to announce about my plan for a series about Filipino Self-Made Millionaires! 

Hope you wait for that.

To Your Financial Success!



Lornajane Altura

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Friday, November 8, 2013

Why Pinoys Do Not Plan for the Future

In the advent of the Supertyphoon Yolanda, many people, government agencies, and other groups are preparing for the potential disaster that this calamity can cause. My friends and I went to Iloilo City Hall two days ago and I heard how the Liga ng mga Barangay President Hon. Carlos Guarin told about them having a meeting for the preparation for Yolanda. 

Yolanda is a great natural event that has the potential to destroy properties and lives. It will ravage the countryside for a day or two. 

The thought that came to my mind was that people plan for this but Filipinos do not plan for the future.

Why do I say this?

Pinoys do not think about their future regarding finances.  Here are the reasons why I think they do that:

1. Pinoys often depend on their children when they grow old. It is in the Bible that children should take care of their parents when they are old. However, parents are also commanded to leave a good inheritance for their children up to their children’s children. This implies that parents and young people should prepare for their finances. Parents have this mentality that their children should take care of them financially. There is nothing wrong with that if the children do it with joy and love. 

2. Pinoys think their income is not enough. They think that they cannot save if they have only enough for their daily needs.

3. Pinoys depend on their GSIS/SSS retirement plan. I wrote an article saying that Pinoys should not depend on their SSS plan. Just click here to read that article.

4. Pinoys do not believe in investment. However, they think that they need that money ASAP instead of investing.

5. Pinoys depend on their wealthy relative. This is the one trait that I really do not like with Pinoys. Each person made his own effort so he can overcome poverty. Here comes the relative member who thinks he or she deserves a portion of the pie of the hard work done by these Pinoys.

6. Pinoys do not know how to invest. They would rather save their money though piggy banks where thieves cannot break nor steal (in their minds alone).
These are the ways why I think Filipinos fail to plan for the future.

Here are some ways Pinoys can prepare for the future.

1. Find ways to increase your income. It is better to rely on residual income rather than passive income. 

2. Read articles, books, and surf the net about personal finance.  You spend too much time in facebook for Candy Crush events that will not generate you money. Shift that time into learning.

3. Stop impulse buying.

4. Put your money in investment vehicles.

5. You can join referral marketing as a vehicle for preparing for your future.

If you want to know more on how to prepare financially for the future, feel free to send me an email or even text me if you are Pinoy. You can also post comments on the comment box!

Let us be prepared for the future. 

To Your Financial Success!


 Lornajane Altura

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Thursday, November 7, 2013

Linear Income versus Residual Income

Majority of the people around the world are familiar with linear income. Linear income is the source of income that comes from exchanging time for money. This means that a person is paid based on a day’s work. It is based on the no work, no pay policy. You need to work for a number of hours per week. The moment you stop working, your income stops.

Residual income varies greatly from linear income.  Residual income is the income of rich people. This keeps coming in on a regular basis from work done once even when not working anymore. This is not the “get rich quick” thing that most people misunderstood. This requires willpower, effort in the beginning.

Working from linear income is a very honorable form of earning a living. There are people who obtain good money from it. The problem with linear income is that it is limited to the number of hours work and it only provides you with an income when you work. You no longer have an income if you stop working.

Most people earn their wages through linear income. The problem is that linear income also is the reason why most people cannot afford to retire until at least seventy years old.

Many people are now into time leveraging in order to have long term residual income. Time leveraging does not put an hourly limit on the worth and money that comes whether you work or not. Fixed-salary work has a limit to it while leveraged income leverages time. There is a progression on the time spent at work.

If you are into linear income and you want to earn residual income, feel free to send me an email on how you can do that. I can share with you a system on how you can earn residual income.


To Your Financial Success!


 Lornajane Altura

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Tuesday, November 5, 2013

How Employees Inspire Me to Leave the Rat Race

I was in a ride today and I was with a co-teacher from another school here in Iloilo City. We were talking why she no longer is a member of certain organization here in our city. Then she talked why she cannot continue with her dismemberment from the organization because she was a co-maker of another person. The sad thing was that the other person was already retired ---retired but still lives in the remnants of the rat race.

A rat race indicates a pointless, endless, and self-defeating quest. It shows a lab rat doing futile efforts of trying to escape while running in a wheel or a maze.

Employees work for forty years and then they wait for their pension after those long years of hard work. Here are the reasons why employees inspire me to leave the rat race:

1.       Hard work does not guarantee financial stability. Employees still lack money even if they work hard.

2.       Employees retire yet they have loans. This is not what I want to happen to me. I want to retire and not be burdened with debts to pay.

3.       Employees do not have reserve funds when emergency occurs. It is scary when I see my colleague being rattled when family members have to be hospitalized and yet they do not have enough funds.

4.       Employees hate their routine work and boss yet they have to get to work. What more can be frustrating when you are enslaved with a system that does not make you happy? However, employees feel that they do not have a choice.


These are just some of my thoughts when it comes to inspiration from employees to leave the rat race.

If you are fed enough with being in the rat race and you want a way out, feel free to comment on the comment box. You can also send me an email and I can show you a way how to get out of the rat race through a proven system.

To Your Financial Success!




 Lornajane Altura

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Monday, November 4, 2013

7 Reasons Why Filipinos Dread “Judith”

Filipinos either love you or hate you. They do not go in between. 

I was in this seminar with my colleagues and I heard the speaker talk about “Judith.” Well, I am partially Ilonggo and I know that Ilonggos somehow pronounce words in a “hard” way. However, at that time I really thought “Judith” was a lady named “Judith.”

So, are you now ready to know who Judith is?

1. “Judith” falls once a month. She comes in the form of mail. It usually comes in as direct mail.

2. “Judith” makes Filipinos cringe. She makes them feel disturbed especially if Pinoys do not have money.

3. “Judith” causes a lot of stress. She is the unwanted visitor of every Pinoy home but she visits regularly.

4. “Judith” is friends with Meralco, Maynilad, PECO, Nawasa, Globe Telcom, Smart, and others.

5. “Judith”usually is in paper form. If the family is technologically inclined, she comes in electronic version through mail. 

6. “Judith” usually causes couples to fight. If “Pop” has insufficient funds for “Judith”, “Mom” fights “Pop” because of “Judith.”

7. “Judith” forces families to apply for loans. That is how powerful she is. If families won’t do this, they would have their lights in the dark or they would have to fetch water from the well.

So, do you know who “Judith” is?

Do you like her?

I don’t but I have to face her as well 

If you are tired of facing “Judith” every month and you are hard-up with your finances, I can show you a system that has made many Filipinos ready to face “Judith.” 

Feel free to share comments on the comment box or send me an email and I will show you how you can face “Judith” with a happy face.

To Your Financial Success!


Lornajane Altura

+639197440334
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Financial Prosperity through God’s Way

Money is such a sensitive topic when it comes to churches. Churches teach prosperity but no one is showing how to do it. Most Christians are not financially literate and the Church has not trained their people on how to become wealthy. 

Christians should change the way they think about prosperity as a negative thing. God desires his people to prosper. Christians have this wrong idea that Jesus was poor. Take note that when Joseph and Mary were travelling, they have money for the inn, but there was no room.  The Romans cast lots for the clothing of Jesus when he was crucified. These soldiers would not do that if his clothes were rags. This means that they were valuable. Romans and Jews during those times do not listen to a homeless person. God commanded Adam and Eve to be fruitful and multiply. Malachi 3:7-14 shows that Christians should bring in the tithes and offering. Christians should invest in the earth. However, the ultimate target and goal for financial prosperity should be to let money work for you so you can work for God. God desires that we prosper so we can help His work. You can learn how to think of ways on how to earn and multiply their money. 

1. It is not a sin to be financially prosperous

It is not a sin to be financially prosperous in this world. There are good people in the Bible that were financially prosperous who the Lord delighted in. God was the reason why they are financially prosperous. These people did not have their hearts depart from God because they were prosperous. It is wrong to judge people who have a large income that they are in sin. 

2. Hoarding for selfish reasons is sinful. 

The Bible does not condemn a large income in itself but it condemns selfish accumulation, selfish spending, and hoarding up earthly luxuries and treasures.  “Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: For where your treasure is, there will your heart be also.” (Matthew 6:19-21). 

Jesus commanded us not to store up earthly treasures on earth as this shows our hearts are not with him. We are in disobedience if we lay up financial abundance on earth for the purpose of enjoying ourselves in this world. 

3. Money is not the root of all evil. Love of it is. 

If is okay for Christians to become rich. The Bible does not say anything about forbidding Christians to gain large amounts of money. The problem is that the love of money is the root of all evil. Man cannot serve two masters. “No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.” (Matthew 6.24) God is saying that it is sinful to be prosperous. He is saying that when you put your security, faith, and hope in money than God, then they fail to serve the true God. 

God wants us to be financially prosperous. Just remember that we should still put God above all and His blessings will pour on us.

If you want to know how to become financially prosperous, I can show you a way on how to do it. Just send me an email and I can share with you a proven system that has made Filipinos financially prosperous. Feel free to share your comments on the comment box as well.

To Your Financial Success!





Lornajane Altura

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