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

Larry Gamboa, bestselling author of the book “Think Rich Pinoy“, is someone who I consider to be a great mentor and inspiration. I remember it was already more than  a year after I read the book “Rich Dad Poor Dad” by Robert Kiyosaki when I began to feel that the real estate investing concepts described by Robert Kiyosaki were hard to apply in the Philippine setting.

I realized I was wrong when I  stumbled upon the book “Think Rich Pinoy” by chance.

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When friends and people I meet learn about what I do and see my passion for real estate investing, I am often asked how I was able to get into it and sustain the passion for it. Just how did I end up having this burning desire to get out of the rat race through real estate investing? Read on to find out.

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I hope that got your attention! As we start 2010, I’m sure a lot of you have a lot of New Year resolutions and plans.  There’s really nothing wrong with that. However, I can’t help but throw the same question to you as I did to myself, when I started to make plans for 2010. Actually, I am throwing the same question not just to real estate investors, but also to just about everyone who happens to read this. Let me try to explain below. 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

While I have said in the past that it would be great to buy a house and treat it as an investment, I want to take it a step further. What if instead of buying a house outright, one would first buy an income generating asset that would generate positive cashflow and help take care of the monthly amortizations of the house that one would then buy afterwards? Read the rest of this entry

My wife who has become so obsessed with finding a new house we can call our home shares updates on what we are thinking of doing with our old house that was devastated by Ondoy, what things to consider, our target locations, finding not just a house but also a sound real estate investment by searching foreclosed property listings, and applicable tax exemptions and pending articles about this and other taxes that apply to real estate, which I hope she finishes soon… 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