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

+639197440334

lornajanealtura@gmail.com

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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

+639197440334

lornajanealtura@gmail.com

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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

+639197440334

lornajanealtura@gmail.com

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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

+639197440334

lornajanealtura@gmail.com

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Lornajane Altura

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

+639197440334

lornajanealtura@gmail.com

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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

+639197440334

lornajanealtura@gmail.com

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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

+639197440334

lornajanealtura@gmail.com

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Lornajane Altura