01/01/2021
FINANCIAL LITERACY 101
FOR THE NEWLY WEDS
BY RCD-01.01.21
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INTRODUCTION
BILL GATES SAID…
”IF YOU WERE BORN POOR IT IS NOT YOUR MISTAKE,BUT IF YOU DIE POOR,IT IS YOUR BIG MISTAKE”.
THERE IS A SAYING…
” LIFE IS WHAT YOU MAKE IT”
Having a family is something that should be planned, just like having a true business.
How to have a true business?
Preparations:
You must have a Project Feasibility Study.
Why?
In order for a business to start on the right track you must have a reliable
“project feasibility study”
that will serve as your guide in your business start-up.
Business Registration:
For Single Proprietorship-
DTI
For Partnerships, Corporations, Associations, Foundations, Joint Ventures-
SEC
For Cooperatives-
CDA
Business Licensing:
You must get your
Mayor’s Permit
You must register with the
BIR
If you are in the transport business you must get a public utility vehicle franchise from
LTFRB
If you are in the tourism business you must get license from the
Tourism Authority
If you are an importer or exporter you should get license from the
Customs Authority
Etc.
Actual Business Operation:
Base on the
Project Feasibility Study,
every start-up business should have the following:
1. Budget Planning/Business Direction-
(1-yr Monthly Detailed/
next 2-5 years Yearly Projection)
Done yearly during the 3rd-4th quarter of every year for the next 3-5 years.
2. Monthly Review/Issues,Problems,Solutions,Action Plans-Financial Statements Actual vs. Budget
3. Quarterly Board Meeting-FS/Business Direction Review
4. Annual Stockholders’ Meeting/Presentation of the:
a. Audited Financial Statement vs. Budget/Business Plan
b. Next 3-5 Years Business Direction
Having a family should be well planned, just like having a business.
The would be couple should not indulge in an unsafe s*x to prevent pregnancy that may force marriage.
They should have an open mind and be always reminded to this saying:
”ANG PAG-IBIG NA WALANG HALONG SALAPI AY LARAWAN NG GUTOM”
SABI NGA:
During the honeymoon stage of marriage
”ASAWA”
AFTER the honeymoon stage of marriage
”SAWA”
FURTHER MORE, stage of marriage
” AWA”
But if during the early stage of your ENGAGEMENT
and
you have attended the
FINANCIAL LITERACY LEARNINGS THRU ONLINE SEMINAR,
both of you committed to understand, practice and later become
FINANCIAL LITERACY EDUCATORS
Both of you for sure, you will live happily ever after, after the wedding.
BECAUSE YOU WILL KNOW WHAT TO PREPARE,
DURING THE WEDDING PREPARATIONS:
You will have a reliable:
1. Wedding Planner
2. Where are you now separately in terms of SATEMENT OF
ASSETS,
LIABILITIES &
NETWORTH
(SALN)?
3. Where
WILL YOU BE JOINTLY
in terms of
SALN:
a. Right after your WEDDING.
b. 1-year after your WEDDING.
c. When you have your first child.
d. When you have your second child.
e. When your children are going to school.
f. When you planned to save/invest/buy:
i. Emergency Funds
ii. Educational Plans
iii. Health Plans
iv. House & Lot
v. Family Car
vi. Income Protection Plan
vii. Retirement Plan
viii. Travel Funds
LUCKY YOU
IF YOU WERE PROVIDED BY YOUR PARENTS THE FOLLOWING:
1. GOOD ELEMENTARY, HIGH-SCHOOL, COLLEGE EDUCATION.
2. ENGAGEMENT GIFT,
ENROLLMENT TO IMG,
SO YOU WILL ENSURE A 100% SUCCESSFUL
MARRIED LIFE FINANCIALLY,
COPY LINK BELOW,PASTE TO YOUR BROWSER,
LEARN FROM THE VIDEO,
THEN BE A MEMBER,
THEN EMAIL TO
[email protected]
you and your spouse
name,
age,
current source of income,
location,
so I can guide both of your all thru out for a successful financial married life:
https://293268ph.imgcorp.com/
ANSWER THESE AND EMAIL TO ME SO WE CAN START A FRUITFUL FINANCIAL PLANNING FOR YOUR MARRIED LIFE:
Where are you now separately in terms of SATEMENT OF ASSETS,LIABILITIES & NETWORTH
(SALN)?
Where WILL YOU BE JOINTLY in terms of SALN:
Right after your WEDDING.
1-year after your WEDDING.
When you have your first child.
When you have your second child.
When your children are going to school.
When you planned to save/invest/buy:
Emergency Funds
Educational Plan
Health Plan
House & Lot
Family Car
Income Protection Plan
Retirement Plan
Travel Funds
THE ART OF SAVINGS
STATEMENT OF ASSETS,
LIABILITIES &
NETWORTH:
ASSETS(PAG-AARI)
CURRENT ASSETS(PAG-AARI NA PERA OR MADALING MAGING PERA):
Cash on hand
Cash in Bank
Account Receivables
Saleable Inventories
Time Deposits
Stocks Certificates
Mutual Funds
FIXED ASSETS:
House & Lot
House Furnitures, Fixtures and Equipment
Gadgets/Computers/Etc.
Transport Vehicles
Long Term Investments:
Health Plans
Educational Plans
Life Insurance
Pension Plans
Etc.
TOTAL ASSETS
LIABILITIES(PAG-KAKA-UTANG)
CURRENT LIABILITIES(MGA UTANG na binabayaran monthly AT mababayaran with-in 1-year):
Personal Loans
Credit Cards-Outstanding Balance
LONG-TERM LIABILITIES:
Carloans
Bank Loans-Real Estate
Premiums Payable(Long-term investment)
NETWORTH-(ASSET LESS LIABILITIES)
LIFE IS A NUMBER MGT.
with-out it, you will be lost
not
knowing what is in store for your family.
If you really love your
spouse,children,parents,
you will exert efforts in doing your married life’s
financial planning.
With IMG you will know the following:
How to save formula:
Income less charity less savings, what is left
you budget
it for expenses.
It is not the other way around:
Income less expenses =savings.
When you enroll with IMG,
you will be guided on the details
how to grow your savings &
where to invest it using
“Albert Einstein’s Rule of 72”.
THE ART OF MINIMIZING DEBTS OR ZEROING IT
The best formula to minimize debt or zeroing it is:
Minimize expenses & maximize income.
How?
For expenses, budget your income by focusing only on needs &
do not indulge in buying your wants.
Needs example:
1. Daily Foods “ Mas ok kung magbabaon ka ,mas tipid”
2. Clothings” Mas ok kung hindi signature,mas mura,basta presentable din”
3. House-simple,livable,comfortable.
4. Transport vehicle-simple but reliable & fuel saver.
5. Etc.
Wants example:
1. Dining out
2. Online ordering
3. Signature Clothings, shoes, watches,etc.
4. Travel
5. Expensive gadgets
6. Expensive car
MAXIMIZE INCOME:
1. If you are employed, you do not need to leave your employment to have an additional passive income.
You can establish your own business like:
a. If your parents have money, you can ask part of your heir to buy a franchise with Jollibee,etc. worth Php millions.
Or depending on your passion you can start on a business that you know.
2. You can also do small businesses like food carts or online business with capital ranging from Php 50,000.00 to a Million.
3. But if you do not have that amount of capital, you can enroll at IMG for Php 5,500.00 and get the following in return:
IMG enrollment/membership fee is Php 5,500.00
This includes:
Php 1,000.00 investment in SOLDIVO MUTUAL FUND.
Php 100,000.00 personal accident insurance.
Free Eye frame from Kaiser and IMG.
Free unlimited medical consultation at Kaiser Medical Centers
20% discount on medical laboratory tests
Discount on Car purchases
Discounts on vehicle insurance, fire insurance, etc.
Discounts on tuition fees at Informatics College
Discounts on Real Estates
Discounts on Non-Life Insurance
Life-time Access to IMG System that will make you a Business Owner with POTENTIAL MONTHLY INCOME:
Php 20,000.00 as an IMG Associate
Php 44,000.00 as IMG Marketing Director
Php 56,000.00 as IMG Senior Marketing Director
Php 200,000.00 as IMG CEO
Plus under IMG-TeamHoteal you will be guided on your start-up business by RCD.
WHAT WOULD AN EXTRA MONTHLY INCOME OF PHP30K DO FOR YOU?
INVEST ALL PHP 30K/MONTH-EX.@12% PER MONTH,WHERE?, LEARN FROM IMG:
AFTER 10-YEARS=PHP 7,435,650.00
AFTER 35-YEARS=PHP174,406,720.00
WHAT WOULD AN EXTRA MONTHLY INCOME OF PHP30K DO FOR YOU?
PAY DEBT:PHP 20K
INVEST PHP10K/MONTH-EX.@12%
PER MONTH,WHERE?,
LEARN FROM IMG:
AFTER 10-YEARS=PHP 2,478,550.00
AFTER 35-YEARS=PHP58,135,574.00
YOUR FUTURE DEPENDS ON YOUR DECISION NOW!
WILL YOU ENSURE A 100% SUCCESS
ON YOUR MARRIED LIFE FINANCIALLY?,
COPY LINK BELOW, PASTE TO YOUR BROWSER,
CHECK THE LIST,
THEN BE A MEMBER,
THEN EMAIL TO
[email protected]
you and your spouse
name,
age,
current source of income,
location,
so I can guide both of your
all thru out
for a successful financial married life:
https://293268ph.imgcorp.com/checklist/
ABOUT THE AUTHOR
RCD
PROFESSION-CPA
MARRIED: JAN. 1980
CURRENT AFFILIATIONS:
ACETC-
INTERNAL AUDITOR
(FR MAY 2011)
ITASI
(OWTO TNC)-
CFO CONSULTANT-
(FR JULY 2019)
CEBU PEOPLES MULTI-PURPOSE COOPERATIVE
(CPMPC)-
MEMBER
(FR 2019)
CPMPCHoteal Drivers Association Inc.
(CHDAI)
-PRESIDENT
(FR 2019)
IMG-
FINANCIAL EDUCATOR
(FR SEPT 2020)
HELP OTHERS TO EARN A LIVING
(HOTEAL)-
CREATOR
(FR 2017)
FORMER AFFILIATIONS:
PRICE WATERHOUSE AUDITING FIRM-AUDITOR
ARABIAN INDUSTRIAL & PETROLEUM FACILITIES CONSTRUCTION COMPANY(AIPFCC)-ACCOUNTANT
PEPSI COLA- CREDIT & COLLECTION MANAGER
MADISON FINANCE CORPORATION-
EXECUTIVE VP
RC COLA CEBU/BACOLOD/ILOILO-
VP-COMPTROLLER & EXECUTIVE ASSISTANT TO THE COB/CEO
DESTILERIA LIMTUACO/CONVOY MKTG. CORPORATION-CONTROLLER
COSMOS BOTTLING CORPORATION-BUSINESS/FRANCHISE DEVT. MANAGER & PLANT GM
COCA COLA-SMC-SALES SYSTEM TRAINING HEAD
BARCINO RESTO-BAR
(FINE DINING SPANISH RESTO-BAR)
-FINANCE DIRECTOR
DESTILLERIA LIMTUACO/CONVOY MKTG. CORPORATION-
SALES MANAGER-VISAYAS
