Before investing think :
s-size - how much are u willing to invest
h-horizon - how long will u keep?
o-objective - para saan?
r-risk tolerance -
e-experience
Philippine Economy
1st Speaker
Edwin Susan
(fINANCIAL INDEPENDENCE)- a state of individual basta yaman na di na kailngan mag trabaho
Goal Setting: Importance (Focus, Motivation, Dedication )
1. Clarity - a clear sense of direction
2.
3. It measures progress
Building a Strong Financial Road MAP
1. assets the preset
PIES = Income, Expense (Cash inflow(income) - outflow(expense) = Discretionary Income(Actual) )
PSAL=Assets and Liabilities , (net worth = personal financial value)
pies
jumpstart Factor = natatangap an di buwanan
=Emergency Fund
psal ( financial statements)
=60 percent operating cost
investing activities (20 percent)
financing act (20 percent)
2. Defining short, medium, and Long term goals
1-5 yrs short
5-15 medium
15 and above
it is supposed to be (SMART )
vision board = future dreams
3. Priorities and allocation of resources
prepare an emergency fund
health fund
loss Income fund (life insurance)
Education Fund
Retirement Fund
4. Creating a milestone and action plan
goals give you a starting point
milestone the competition of smaller goals
need to design SAG
SITUATION :
ACTION: will determine the future (which is the goal)
GOAL :
5. plan and review and adopt
regularly review your goals' progress
adapt to changes
FINANCIAL INDEPENDENCE ( PRACTICAL STRATEGIES)
1. Multiple income streams
you - paper assets - real assets - business
2. Manage your debt
* not in cash you cannot afford it
good debt = increase professional value
bad debt = buy depreciated assets
20/10 rule in borrowing
you can borrow and what your monthly payments
settle your debts
SNOWBALL STRATEGIES
-zero debt to start savings
3. Maximizing Savings and Investing
VALUE OF SAVING = SURVIVING IN A FINANCIAL CRISIS
improve lifestyle and family lifestyle
achieve a retirement lifestyle
allocate savings = income - expense = savings
- = income - savings + expense
JUMPSTART FACTORS MEAN SAVING MEANS INVESTING IN THE FUTURE
NEWBIE INVESTOR: KNOW THE SAVING FROM TAXES, FORCED SAVINGS,
4. Continues learning, improvement, and mentoring
- vital for long-term success
5. Overcoming challenges and staying motivated
6. Deal with setbacks (be more resilient )
7. celebrate your milestone
end 1st speaker - edwin sison
2nd speaker - efren cruz
EnRich/'CDRW
CASH -
DEBT - should be manageable
RISK -
WEALTH MANAGEMENT -
no to :interest expense ,
save x invest x good debt +DuPont Model
PFA MODEL
NET INCOME REVENUES + REVENUE TOTAL ASSEST + = NET INCOM /EQUITY
DEBT MANAGEMENT
Manage Debts and Expense
Loss AVERSION
intensity of joy= intensity of pain
S - TICK
T -O
O- ONE
M- MINIMUM
P- PAYMENT
FRIA
- according to the law of man
-suspension of payments
-Voluntary Insolvency
-Involutary Insolvency
A -ASK FOR DIVINE GUIDANCE
S=SEEK THROUGHLY CAREFUL STUDY
K = KNOCK
4th spesker – Bit coin
Diversification
BITCOIN – DIZIGATION ASSESTS – digital gold
ASSETS STORE VALUE
Decetralization – there is no central source of ownership or failure
hedge against dollar
5TH SPEAKER
IMG – financial service
