“BUILDING YOUR PERSONAL WEALTH” John 10:10 (AMP) 10 The thief comes only in order to steal and kill and destroy. I came that they may have and enjoy life, and have it in abundance (to the full, till it [a]overflows). Better Life Seminar Scripture: -Deuteronomy 8:18 (NIV) “18 But remember the Lord your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your ancestors, as it is today.” -Paano ba ang magpalago ng Personal Wealth? -Alam nating napakaraming Biblical Passages tayong makikita sa Biblia kong papaano tayo gustong PASAGANAHIN ng ating DIYOS. -Naitanong niyo na ba sa sarili ninyo kong paano ito mangyayari? A. TO HAVE A BETTER LIFE YOU MUST TAKE AN INVENTORY ON EVERY LIFE STAGES -Take Inventory on every Life Stages -There are 4 FUNDAMENTAL[important, vital & major] LIFE STAGES IN BUILDING YOUR PERSONAL WEALTH -Ecclesiastes 3:1 (NIV) A Time for Everything “3 There is a time for everything, and a season for every activity under the heavens:” 1. Start-up Stage -This is when your only source of income is your salary or earnings provided by your active participation in terms of time and talent. -Lahat ng kita mo ay galing sa iyong sariling oras at pagod. -Workshop: • List all your assets – Lista mo lahat ng iyong pag-aari • List all your income – Lista mo lahat ng iyong kita • List all your savings & investment income – Lista mo lahat ng kita mo sa mga savings & investment mo. 2. Build-up Stage -This is when you now have some income coming from SAVINGS and INVESTMENTS, which contribute about at least 20% of your total income. -Nag-tatrabaho ka pa rin nguni’t mga 20% ng iyong kita ay nanggagaling na sa interes ng iyong naipon o kita ng napamuhunang pera. 3. Fine-Tuning or Asset Allocation Stage -This is when at least a good portion (30-60%) of your income being provided by your savings and investments. -Nag-tatrabaho ka pa rin nguni’t 30-60% ng iyong kita ay nanggagaling sa interes ng iyong naipon o kita ng napamuhunang pera. 4. Retirement Stage -This is when the income from your savings and investments is your only source to support your living expenses. -Lahat ng pera mo ay nanggagaling na sa interes ng iyong naipon o kita ng iyong napamuhunang pera. B. TO HAVE A BETTER LIFE YOU MUST NOT TAKE THE EASY WAY JOURNEY -THERE ARE EASY WAYS TO BE WEALTHY 1. Through Inheritance – Manahin Mo 2. Through Marriage – Pakasalan Mo 3. Through Stealing – Nakawin Mo 4. Through Winning – Panalunan Mo - Lottery 5. Make it – Gawin Mo - Pagsikapan Mo C. TO HAVE A BETTER LIFE YOU MUST DEVELOP YOUR OWN SYSTEM IN BUILDING YOUR PERSONAL WEALTH -Proverbs 13:11 “Dishonest money dwindles away, but he who gathers money little by little makes it grow.” -Proverbs 21:20 “The wise man saves for the future, but the foolish man spends whatever he gets.” -Proverbs 22:3 “A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.” -Ecclesiastes 5:11 “The more you have, the more you spend, right up to the limits of your income.” -3 PRACTICAL VEHICLE/TOOLS IN BUILDING YOUR PERSONAL WEALTH Knowing how much you need to be wealthy is the first step to financial freedom. To achieve this, you must understand, now and accept that: Wealth does not necessarily having millions and millions of pesos. Being wealthy simply means having the financial resources to support your chosen lifestyle. Anyone can plan to have and achieve enough wealth consistent with his or her chosen lifestyle. 1. ACTIVE INCOME – Source of Income -Comes directly as a result of your own: Hard Work or Work Wise Skills Talent Time -Kita na galing sa ating aktibong pagtatrabaho, paggamit ngating talent at paglagak ngating panahon ay tinatawag nating “Active Income”. -Once you stop working you stop earning. That is an Active Income. Three Basic Types of Active Income 1.) Primary Income– You main source of income: This would be your regular source of earning such as salaries, allowances, commission, and contractual and/or professional fees. 2.) Secondary Income–Networking bonuses 3.) Additional Income –Income from your “sidelines” this could be irregular income such as overtime pay, income from “buy & sell” part-time, non-regular earnings from sources outside your primary income, such as gain from sale of assets and the like. -Active Income is income that you have to work for. -It is the engine that Starts Your Journey Toward Financial Freedom. -Rules that need to be strictly followed are that active income should only be used: To fund Living EXPENSES -Pay & Sow “Tithes 10% & Seeds” Make JESUS your Partner -Budget for daily expenses such as: =Budget for Food =Budget for your children’s educational allowances =Budget for Electric Bill =Budget for Water Bill =Budget for Vehicle such as: Fare, Gas & Repair =Budget for Gasul, Uling & Kahoy na panggatung To fund your SAVINGS -Rule of Savings: Save first before spending -Educational Savings Fund -Emergency Savings Fund -Vacation Savings Fund -Investment Savings Fund To fund your INVESTMENTS To GENERATE future income for you -Active Income is reserved precisely to FUEL your way Towards Wealth And Financial Freedom. -Spend active income only for your NEEDS. -NEVER for your WANTS. -Ang active income ay ginagamit lang para sa tunay na pangangailan upang mabuhay at sa pagpapalago sa iyong naiimpok. Ito ay hindi dapat gastusin para sa luho. 2. PASSIVE INCOME – Source of Income Through Saving/Investments -This income that is generated by your earning assets and investments is passive income. This income that does not depend on your active participation in terms of time, skill or talent. -Kita na galing sa pamumuhunan ng salapi o ari-arian kahit wala kang partisipasyon sa pagpapasagawa nito ay passive income. -Passive Income is investment income. It is income that you’ve earn from your assets or investments or both. -Passive Income is earned from your savings and investments, it has two main purposes: Two Main Purpose Of Passive Income 1.) To further increase your investments that will fund your future needs when you have to stop working or when you decide to stop earning active income. -Passive Income represents your true wealth. It is not “gambling” money. Just because you do not use it for your current expenses, doesn’t mean that you can do with it as you please. Passive Income is your REAL FINANCIAL GOAL. -You must always be aware of the growth or movement of your Passive Income. -It will determine your financial success or failure. 2.) To fund you’re Periodic Wants. This should be your only source from which you may draw to use for the extra things you want from time to time (occasions: parties, vacation, cars, jewelries, clothing, etc.) -The appreciation of active income is where most of us fail. -We rationalize and spend our active income for wants much more than our needs. -Don’t use all your active income to buy your wants. Bought a cheaper but useful and reliable car first. Saved the difference in cost and invested it to earn interest. Given himself some more time and let his investment accumulate earnings. Set fixed financial goals and once achieved, you could use this passive income to upgrade your car to a better vehicle. Financial Freedom -Marami sa atin ay naniniwala na tanging malaking halagang salapi at ari-arian lang ang makapagdudulot sa atin ng tunay na KALAYAAN SA KAKAPUSAN. Walang katotohanan ito! -Most of us believe the myth that financial freedom means having so much money and assets. -We focus purely on earnings and the so-called build-up wealth. -What is WEALTH really? -Wealth is just having cash to support your needs at any given time. -If you believe this, then you could have your financial freedom without having very much cash. -If you choose to live in a modest lifestyle, then all you need is a modest level of earning assets and you can have financial freedom. -Financial freedom is simply having the means to maintain the lifestyle you choose to have without having to actively work. -It is a state of economic wellbeing where your personal investments or savings are generating passive income sufficient to cover your expenses consistently with the level and type of lifestyle you want. -Passive of investment Income is the key to Financial Freedom (KsKKALAYAAN SA KAKAPUSAN). -Without Investment Income, you will never achieve Financial Success. -Ang passive income ay siyang susi ng iyong tagumpay o kabiguan sa iyong pagkamit ng kalayaan sa kakapusan. -To have Financial Freedom you will have to accumulate earning assets and/or investments that will generate earnings that will allow you to maintain your current level of lifestyle by the time you retire. -Financial Freedom is when you reach the point where you no longer work to provide for your basic needs. -That means your Passive Income, or the money you earn through your assets and investments, are enough to provide for your daily needs such as food, shelter, clothing, education of your children, medical expenses, and even some luxuries. -Financial Freedom can be achieved at any age. You just need to plan for it. -You don’t have to wait to be 65 years old before you can achieve Financial Freedom. -Maari kang mag-plano ng iyong pinansyal na kinabukasan na patungo sa retirement sa kahit na anong edad mong nais. -Hanggat mayroon pang pagkakataon para kumita sa active income gawin mo para kapag naiisip mo ng mag-retire kahit anong oras pwede mo itong gawin. -I know that the investment and earning assets I have will provide me with passive income that will be more than enough to maintain the kind of lifestyle that I have chosen. -You can achieve financial freedom at early age if you apply personal finance principles. -Through your earnings assets and investments it is also your obligation to share it with your family, relatives &to your community. -Financial Freedom empowers you to enhance the lives of your chosen community. -Achieving Financial Freedom early on in your life is probably one of the greatest gifts you can give to your family and your chosen community. -Without doubt, the ability to share your bounty with others can be the greatest source of satisfaction and most fulfilling human experience. -Financial Freedom affords you more opportunities to enhance the lives of others and, through them, even other communities. -Saving and accumulating sufficient investments and earning assets take time. -Paulit-ulit kong sinasabi sapagka’t ito ay mahalaga. Matagal ang mag-impok ng sapat na halaga na kikita ng sapat na passive income. Kailangang umpisahan mo na ang paglalakbay patungo sa kalayaan sa kakapusan ngayon! Nauubos ang iyong panahon at ang mga oportunidad upang palaguin ang iyong pera. Kung ang iyong mga anak at kamag-anak ay umaasa sap era mo ngayon, mas mabuti kung hindi ka naman aasa sap era nila sa iyong pagtanda. 3. LEVERAGE INCOME A method of financing an investment by which an investor pays only a small percentage of the purchase price in cash, with the balance supplemented by borrowed funds, in order to generate a greater rate of return than would be produced by paying primarily cash for the investment; the economic benefit gained by such financing. Real estate syndicates and promoters commonly use leverage financing. A leveraged investor builds up Equity or ownership in the investment by making payments on the amount of principal borrowed from a third person. The money allotted to the repayment of interest charged on the borrowed principal is treated typically as a deduction that reduces taxable income. The greater the amount of principal borrowed, the larger the interest payments and the resulting deductions. Obviously, a taxpayer who pays cash is not entitled to deductions for interest payments. In many cases, deductions for the depreciation of thecapital asset constituting the investment are also permitted. Any investor receives an anticipated rate of return from the investment although the rate may fluctuate depending upon the economic climate and the management of the investment. Because of the favorable tax treatment enjoyed as a result of this method of financing, the leveraged investor keeps more of the income generated by the investment than an investor who financed the investment mainly through cash. There is, however, risk involved in leverage financing. If the income generated by the investment decreases, there might not be adequate funds available to meet payment of the outstanding principal and interest, leading to substantial losses for the investor. -Leverage Means: 1) n. the use of borrowed money to purchase real estate or business assets, usually involving money equaling a high percentage of the value of the purchased property. 2) v. to borrow most of the funds necessary as a loan against real estate to buy other real estate or business assets. The dangers of high leverage are over-appraisal of the property to satisfy a lender, a decline in the value of the property (which may have been purchased during a period of high inflation), high carrying costs (interest, insurance, taxes, maintenance) which exceed income, vacancies, and/or inability to finance improvements to increase profits. Too often the result is the collapse of paper real estate empires which have been created by risky leveraging. LEVERAGE Leverage is a business term that refers to borrowing. If a business is leveraged, it means that the business has borrowed money to finance the purchase of assets. The other way to purchase assets is through use of owner funds, or equity. One way to determine leverage is to calculate the Debt-to-Equity ratio, showing how much of the assets of the business are financed by debt and how much by equity(ownership). Leverage is not necessarily a bad thing. Leverage is useful to fund company growth and development through the purchase of assets. But if the company has too much borrowing, it may not be able to pay back all of its debts. “The main reason why struggle is because they have spent years in school but learned nothing about money. The result is that people learn to work for money… but never learn to have money work for them.” – Robert Kiyosaki “I would rather earn 1% off a 100 people’s efforts than 100% of my own efforts.” J. Paul Getty DIRECT INCOME – TRADING TIME FOR MONEY STARTING OVER EVERYDAY AT ZERO 1. EMPLOYEE 100% X 1 = INCOME You have a JOB + TIME = Income No Leverage 2. SELF EMPLOYED 100% X 1 = INCOME You have a JOB + TIME = _____ % Income No Leverage LASTING INCOME – INCOME NOT DEPENDENT ON YOUR PRESENCE 2 Types of Leverage 1. BUSINESS OWNER YOU OWN A SYSTEM & PEOPLE WORKS FOR YOU PEOPLE = LEVERAGE 2. INVESTOR MONEY WORKS FOR YOU = Passive Income – More source of Income 3 TYPES OF LEVERAGE 1. Borrowed money to finance or purchase of assets investments. -Humiram ka ng pera para tustusan ang iyong pangangailangan para sa paglago ng iyong negosyo. Siguraduhing kikita kong ikaw ay hihiram ng pera. 2. You can pay others to handle your business of investments. -Gamitin mo ang iyong pera para magtrabaho para sayo. Halimbawa: -Kong meron kang Computer Shop hindi ka makakaalis sa shop mo kong ikaw din ang nag-babantay. -Kong gusto mong makapag Branch Out ka mag train ka ng mapagkakatiwalaang tao. -Isa pang paraan kumuha ng Business Partner. 3. You can use your money and pay lot talents to handle your assets of investments. -Ito ang pinakagandang paraan ng Leverage ang mag-buo ka ng iyong sariling TEAM o di kaya ay sarili mong GRUPO. Team ng mga professional para mag manage ng iyong mga negosyo. -Ang grupong ito sila ang bahalang magpalago ng iyong mga negosyo. -Ito and secreto ng mga mayayaman they develop a TEAM to manage their businesses. Halimbawa: -Si Henry Sy, Sr. (Chinese: pinyin: born October 15, 1924) is a Chinese Filipino businessman with interests in retailing, real estate, hospitality, banking, mining, education including healthcare services. He pioneered the establishment of SM Malls, anchored by Shoemart Department Store and Supermarket earning him the title, the Philippines Retail King. He is the chairman of SM Prime Holdings, Inc., the holding corporation for all his business interests in his vast business empire. In 2011, Forbes Magazine listed him as the no. 1 billionaire in the Philippines. -Sa ganitong kaparaanan kahit na nasa bakasyon si Henry Sy, Sr. kumikita pa rin siya ng milyon-milyung pera. -It is because of Leverage he uses others talents to make money and to produce wealth you could ever think or imagine. Using their money to work for them. -This is the kind of wealth that I’ve been dreamin off. I believe and receive that I could be one of them as one of a wealthy or Trillionaire businessman her in the Philippines. In JESUS name I pray. AMEN -Mark 9:23 – “Jesus said unto him, If thou canst believe, all things [are] possible to him that believeth.” -Matthew 19:26 - But Jesus beheld [them], and said unto them, With men this is impossible; but with God all things are possible. -Mark 11:24 - Therefore I say unto you, What things soever ye desire, when ye pray, believe that ye receive [them], and ye shall have [them]. You can do it. Kaya mo ‘to! Active income comes directly from your own hard work. ¬Ang “Active Income” ay galling sa sarili mong sikap. Passive income comes from earnings of your assets and investments. -Ang Passive Income” ay galling sa interes o tubo ng iyong ari-arian at puhunan. Being wealthy means you have passive income that can support your chosen lifestyle until the day you die. -Ikaw ay mayaman kung ang “Passive Income” mo ay sapat na buhayin ka sa antas na pamumuhay na ayon sa iyong kagustuhan hanggang ikaw ay pumanaw. Galatians 3:26-29 CHILDREN OF THE MOST HIGH GOD “For you are all sons of God through faith in Christ Jesus. For as many of you as were baptized into Christ have put on Christ. There is neither Jew nor Greek, there is neither slave nor free, there is neither male nor female; for you are all one in Christ Jesus. And if you are Christ’s, then you are Abraham’s seed, and heirs according to the promise.”
Posted on: Wed, 20 Aug 2014 08:24:18 +0000
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