As mentioned in my post: Manage your finances to get ready for your first real estate deal, I was able to conquer feelings of frustration and continue on my quest for financial freedom when I attended Bo Sanchez’ How to become Truly Rich Seminar last July 21, 2007. How time flies, that was more than 2 years ago!

If you haven’t attended what I refer to as a “life changing” seminar, this is your chance! This is the same seminar that has helped me get ready for abundance by establishing a solid foundation when it comes to managing finances and correct myths about money that were pulling me down. Please continue reading to learn more. 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

I was cleaning out my archived emails in preparation for returning my company issued laptop when I stumbled upon this very interesting story in one of my emails in my sent items. I forwarded this same story to my friends way back in January 2006, a few months after I first read “Rich Dad Poor Dad” by Robert Kiyosaki. This was the time when I experienced a paradigm shift in my head after reading the book and started to devote most of my spare time to learn all about passive income, getting out of the rat race, and financial freedom.

Although I read this story almost 4 years ago, I still want to share it with all of you here as I believe that the story clearly illustrates the difference between earned income and passive income. Enough of the chitchat, please continue reading the story below… Read the rest of this entry

I first played Rich Dad’s Cashflow 101 game way back in 2007, after I found Think Rich Pinoy Seminar attendees who organized their own cashflow 101 game sessions. I was hooked ever since. I play cashflow 101 whenever I get a chance to do so as part of “sharpening the saw”. I believe that the cashflow 101 game effectively simulates one’s  journey out of the rat race and I would like to share here what I have learned from playing what I consider to be a “life changing game” and its practical applications in real life.

Here goes my Top 7 lessons learned from playing Rich Dad’s cashflow 101 game… 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

I have been compiling a list of reflections from the point of view of a real estate investor that I want to share here in Foreclosure Philippines but after Typhoon Ondoy’s wrath, a lot of them have changed. Mike, a fellow real estate investor, said it best when we met the other day and mentioned to me that “You must have a million things on your mind Jay…”. Mike was right. There are just so many things running through my head right now.

Although it’s true that a lot has changed after Ondoy’s deluge, there are also things that cannot be changed even by such a calamity and I want to share these thoughts first. Don’t worry, I won’t be babbling about a million things, I’ll just include coherent thoughts and reflections. Read the rest of this entry

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.

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