Have you ever endured being away from your family just to make a living? Have you ever found yourself asking if all the money you make in exchange for the freedom to be with your loved ones was worth it? Do you find yourself asking if there was a better way to make a living?

I used to be an employee and although I was based here in the Philippines, I remember that I still found myself asking the very same questions above, Read the rest of this entry

We say goodbye to 2009 and give thanks for a very memorable year. In 2009, we marked the first year anniversary of Foreclosure Philippines, although I never got around to creating my first anniversary post. Actually, October 31, 2009 was the day of our first anniversary. Nevertheless, I just want to mark that day as we bid farewell to 2009 and I would like to take this opportunity to look back at 2009 for one last time. Read the rest of this entry

Robert Kiyosaki, bestselling author of “Rich Dad Poor Dad” often said that “Excuses are the words coming from the loser in you.”. I remember hearing this from one of his audio books some time ago but this has been running through my head often because there have been a lot moments lately where I notice I am making excuses when I am unable to do things which I know are essential in order for me to realize my goal of getting out of the rat race and achieve financial freedom. Read the rest of this entry

The following is an open letter to all OFW’s by one of my mentors, Trace Trajano, bestselling author of “Think Rich Quick” and a wealth coach to his students around the world, including myself. Just like my article “To all OFW’s: Need To Earn Passive Income And Come Back Home For Good? Try Foreclosed Property Investing!“, I hope this inspires you to act and pursue financial freedom and become truly wealthy.

My Dad is a Broke OFW (An open letter to all OFW’s)

Posted by Trace Trajano on October 16, 2009 at 9:14am

Kumusta na kabayan!

First, I would like to thank you for being an OFW. My dad used to be an OFW and I know the many sacrifices you are enduring right now just so that you can provide the best for your family. I admire you, I appreciate you and in my book, you are a true Pinoy hero. Read the rest of this entry

This is the third part of a series on Managing Finances. If you have not read the first 2 parts, head on over to Part 1 and Part 2!

In part 2 of my series of posts on managing finances, I mentioned that I would be discussing more about how I tracked my expenses and the tools I used to do these. For now, I’ll just focus on how I track my expenses. This is not rocket science.  I only need to record exactly where my money is going, particularly my cash on hand. Based on experience, this is where my money gets “lost”.

How many times have you wondered where your money went when it was still more than a week to go before payday?! Have you ever tried but failed to remember exactly where you spent your money? Get my point?!

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This is Part 2 of a series on Managing Finances. If you have not read the first part, head on over to Part 1. You can also go to Part 3 later!

In part 1 of this series about managing finances to get ready for real estate investing, I mentioned that the learnings that I got from the “How To Become Truly Rich” seminar of Bo Sanchez  and the “Money Jars” that were mentioned in T. Harv Eker’s Millionaire Mind Intensive program broke the camel’s back as that was the turning point in my quest to manage my finances.

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This is Part 1 of a series on Managing Finances. After reading, don’t forget to read Part 2 and Part 3!

One of the biggest stumbling blocks for beginning real estate investors is that you realize that you have little or no money to invest. The big question is where do I get the money for investment? I believe that the starting point is to get it from your savings, which you get from managing your personal finances well.

When you always have savings available for investment, you can grab opportunities as they arise. Remember: great deals and opportunities may come anytime, and you don’t want to miss out on such opportunities because you simply don’t have enough cash on hand for downpayments, and/or have little chance of getting bank financing approved. Come to think of it, how can you expect to manage the cashflow from your properties (when you already have them) if you can’t even manage your own personal finances? Read the rest of this entry

As we celebrate fathers’ day today, I would like to greet  rich dads and soon-to-be rich dads out there “Happy Fathers’ Day!”. I also can’t help but think about the obvious impact fathers have on all aspects of  the lives of their children, especially when it comes to the financial aspect. Let me explain further below. Read the rest of this entry

Today we observe Philippine independence day. On June 12, 1898, the Philippine declaration of independence happened at the ancestral home of General Emilio Aguinaldo in Kawit, Cavite. I would like to greet all fellow Filipinos a happy and meaningful Independence Day!

How about our “Financial Independence”?

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