Welcome Karen Aglipay !!!

Sorry for this late post. Please welcome Ms. Karen Aglipay to our team. At her young age she knows the importance of saving and investing already. Yes she is our youngest member and investor, that's how she prepares for her future. With what she learned and experienced from her past, she realized those things she needed to secure in the future and would want to stop poverty on the next generations. She wanted to share her blessings too by spreading our mission to teach financial literacy to every hardworking Filipinos out there. Truly you are a blessing to the team. Once again thanks for the trust and congratulations for taking your first step to Financial Freedom.

Save and Invest

With IMG you can save and invest depending on your needs and goals. We teach how you can plan for your retirement and show you the right investment vehicle to achieve them. Just like SM ... "We got it all for you ..." we're a one stop shop when it comes to financial products and services.

 

 

 

Contact us and setup an appointment for your financial coaching and create your personal finance

strategy. Build your solid financial foundation. We recommend in investing Level 1: Kaiser Ultimate HealthcareBuilder

 

 

Be Financial Literate

"Poverty is not caused by lack of money but mismanage money"             - Robert Kiyosaki

 

 

Did you know?

 Our inflation rate averages about 4.25% annually. And our traditional bank savings averages 0.25% interest annually. What am I saying? If you think you secured your future by having lots of savings in your bank account, please ...think twice, what your money can buy today may not be the same amount you can buy tomorrow. Beat inflation, save and invest at a higher rate. There are lots of investment vehicle out there. We can show and teach you how. 

 

When we are sick, we go to a doctor. When you need to build a house, you look for a carpenter, seeking whom to consult for building structures you go to engineers. But when it comes to money matters, how to manage it, how to invest and save money properly, who do we go to? These are things that are not taught usually in schools. This is our mission, to teach financial literacy to every Juan and help Filipino families rise from poverty. Learn the secrets of the rich, how they make money work for them and have the right discipline in managing your money.

 

 

Be part of us, learn  and enjoy free seminars about managing your money, mutual funds, stock exchange, getting the right insurance and healthcare, and a lot more. Help us spread the mission and change thousands of lives. Indeed there is wealth for every Juan !!!

 

"Ignorance is a crime, don't let it kill your dreams ...."

 

 

 

 

8 Common Financial Mistakes of Filipinos

Financial security depends on crucial decisions that you make over the years. From the degree you take in college to the job opportunity that presents itself because of your background and education, the choices you make can have a profound impact on your financial security.

Financial mistakes that you make can threaten this security. There are many money blunders that Filipinos normally practice but are unaware of. These little things, when ignored, can build up and haunt you for years to come.
 

Using your credit card

A credit card is a handy tool that anyone can use for everyday transactions. Using it is also necessary if you want to build your credit score. It can give you the freedom to purchase things, but if you let your spending go out of control, it can send you into a crippling spiral of debt.

So before you use your credit card, make sure you’ve considered all of your needs and wants. Aside from this, you also need to understand the basics of paying for your credit card bill. Always pay on time and more than the minimum to avoid incurring even more fees, and always think of a credit card purchase as a loan to pay later.

Also, learn everything you can about your credit card. How much interest will you be charged per month? What are the penalties for late payments? Are there annual fees? And before even getting a credit card in the Philippines, try to window shop first. See which credit card fits your needs and lifestyle.
 

Allowing friends/relatives to borrow money

Helping friends and relatives when they’re in need is a strong trait of the Filipino culture. But when the help they need is financial, you should step back and consider the circumstances. Filipinos tend to have difficulty saying no to most requests of relatives and friends. This includes financial requests. Even if they don’t have enough funds, they still tend to help relatives looking for financial assistance. The sad reality is that there are instances when you don’t get paid back.

If this happens to you, it might help to ask what they need the money for. If they are borrowing money for a business venture, for example, advise them that they might be better off consulting with a bank.  If it’s for something else, offer to help them research the best personal loans available. Even if you can’t help them financially, you can still give them helpful advice.
 

Not having a safety net for your health

How much does a visit to the ER cost in the Philippines? If you will be headed to a competent hospital such as Makati Medical Center, don’t be surprised to have a P9,000-P10,000 bill for just a 2 hour visit. In these types of hospitals, the professional fee is almost at P4,000 in the ER. As for consultation fee, you will be paying at least P500 per visit, and pay more for the diagnostic procedures.

In the Philippines, the out-of-pocket mode of payment is a common scenario. Though you can visit public hospitals, be prepared for long lines, and at times incomparable service compared to the private hospital facilities such as Makati Medical Center, Medical City or St. Luke’s Medical Center.

To avoid these nightmare scenarios, look for a decent HMO that could get you and your family covered using our health insurance comparison tool. You can get covered for as low as P700 a month, but always check the plan to see if it’s best for you.
 

Not investing

You may have heard the saying ‘a penny saved is a penny earned.’ But is it really the case? With inflation, your money saved today may no longer have the same value the next day, so it’s important to learn the basics of investing. Investing in the stock market, bonds and other sources of passive to active income can come in handy especially when you are about to retire.

You can start by putting aside a little money every month to invest. Consult with financial professionals to ensure that you’re investing your hard-earned money in the right places.
 

Not pursuing further education

Whether it is a new trade, or a master’s degree, you should always try to grow as an individual through further education. You want to always update your skills in order to present yourself as an asset to your company.

Additional skills gained from education can increase your market value. And at times, achieving certain positions requires specific qualifications. Though further education can cost you some money, if it is relevant to your career goals, you should see it as an investment in yourself.
 

Not buying a house

Eventually, you will end up retiring and when this day comes, you may not have enough money to pay for the current rent that you are paying. Buying a house saves you this trouble. But buying a house costs a lot of money, especially now that real estate development has boomed over the years.  The appreciation of real estate has barred a lot of individuals from getting a house with decent land area enough to raise a family. So how do you effectively buy a house?

You can check banks for foreclosed properties that are up for grabs. Aside from that, you can also  check the requirements of PAG-IBIG for a housing loan.
 

Not knowing good and bad debt

Do you know the difference between good and bad debts? A good debt is an investment that increases in value over time, such as a student loan, a mortgage, or an auto loan (if a car is necessary to your work or life).

In contrast, a bad debt is for things that quickly lose their value and don’t generate income over the long term, or debts with punishingly high interest rates, such as credit card debt.

To avoid bad debt, just keep in mind: if you don’t need something, don’t put it on your credit card. And before taking out a loan, consider whether your debt is going to be good or bad.
 

Not getting the necessary insurance

Car insurance, health insurance and even life insurance are some things that a lot of Filipinos view as added expenses. However, when faced with actual risks that turn to unfortunate events, it is the only time they realize that prevention is better than a cure.

 

There are a number of insurance companies that can provide the necessary safety net for different aspects of your life. Make sure you’re covered for any eventuality by insuring your car, your home, your health and your life. A few monthly payments now can save you a lot of trouble later.

 

But of course, you need to know the terms. For instance, during the 2009 Ondoy typhoon, there were cars that weren’t covered by their insurance companies since it was an event of nature that caused the damages. However, it has been recorded that during the same incident, insurance claims hit a record high of P11 billion. So always check your coverage before making claims.

 

Avoiding all these financial mistakes might seem like a tall order, but if you lay out your goals and start cutting out these blunders one by one, you can be well on your way to financial stability.