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

In this post I will share how I compute for the monthly amortization payment for foreclosed properties without the need to use any special mortgage calculator. By the way, this would also work for installment loans for assets other than real estate where the monthly amortization payments also contain both principal and interest.

If you’re a real estate investor or if you want to become one, I’m pretty sure you’re interested to learn how a loan calculator or mortgage calculater works or at the very least, you want to learn how to calculate for monthly amortization payments. If you lack any interest on mortgage calculators or if you are simply afraid of numbers, I’m really sorry but you have no choice but to learn this. Real estate investing is a numbers game and one number that you need to know is the monthly amortization you will have to pay for a foreclosed property that you are looking at. It will help determine if an investment property will produce a positive cashflow. Without positive cashflow, you will have no passive income, and you can kiss your dreams of becoming financially-free goodbye… Read the rest of this entry

Learn from the Think Rich Pinoy TEAM who’s been buying and selling foreclosed real estate for four years now in the Philippines! Yes it can be done. You don’t need to wait for a “recession” to buy property. Get into passive income now!

Buy your seminar ticket here!

What to expect in the Think Rich Pinoy Seminars… Read the rest of this entry

I remember a lot of comments from readers and also from people I meet in person who tell me that they are just looking for a place to live and are not really looking for a real estate investment. My default answer is “Why not treat your first home as an investment?”

In reality, once you buy a property, you become a real estate investor. Buying a home is often considered to be the biggest investment one can make so it’s best to treat it as a real investment — one which will give you reasonable returns if you do decide to turn it into a rental property or if you sell it further down the road. 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.

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For those who missed the Think Rich Pinoy Wealth Seminar last May, here’s your chance! I received this e-mail invitation through the Think Rich Pinoy mailing list of Larry Gamboa and I have pasted it below for everyone’s reference. Do take note that today is the last day for Early Bird rates!

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At least that’s the way I look at it. My purpose for making money through foreclosed property investing is not really about having lots of money or getting rich, its about having the freedom to do the things that are truly most important in life, without worrying about where to get money to provide for my family.I have a four year old son who is growing rapidly right before my eyes and I would rather be a father that is always there for him than one who is always working hard in an office somewhere, confined to having weekends and short vacations as free time to spend with my family. I tell you, spending the best years of your life “working hard” is not worth it when you realize that life is really passing you by. Read the rest of this entry