Truly Rich Club's Retirement Fund Calculator

Here's a simple Calculator to find out how much you'll have if you invest each month in various "investment vehicles". Today's Growth Rates: Bank Savings Account = 1% a year Bank Time Deposit = 3% a year Retail Treasury Bond = 5% a year Stock Market and Equity Funds = 12% or more a year* * Stock Market and Equity Funds are long-term investment.  Unlike the other three vehicles where interests are guaranteed every year, this growth rate in the Stock Market and Equity Funds are made only if you keep investing for many years.  For more information about how to invest in the Stock Market and Equity Funds, click here. Inputs Starting Cash: ₱ Monthly Addition: ₱ Years to grow: Interest Rate: %   Results Retirement Fund: ₱ To know how to invest in the Stock Market using Bo's Strategic Averaging Method, join his TrulyRichClub.  Bo Sanchez will teach you how to invest, change your financial mindset, and grow in abundance.  For details, click here. Hope you find this tool useful. Feel free to share this to your friends. Elvin

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Duplication : A practical way to multiply your time

God has given us the same opportunity. He has provided the same number of hours, minutes and seconds each day for us to maximize. We can’t buy extra hours to do the things we love (even the rich can't do that).

That’s it. All we have is 60 seconds in a minute. 60 minutes in an hour. 24 hours a day. 7 days a week. 52 weeks per year. Nothing more, nothing less.

We can’t bring back the wasted time of our yesterdays just to have more time today. It does not work that way.

But the good news is there’s a powerful law of nature that can work for us. This law is called the Law of Duplication.

Duplication is all around us. We will not be able to live on this planet without our Mom and Dad. Everything will be extinct (or should I say nothing will exist today) if duplication does not exist.
That’s how nature works.

In order for us to have more time doing things we want to do, we need to maximize the Law of Duplication to its full potential. We need to duplicate ourselves. Duplication can be done by creating a team and/or using technology.

Creating a Team. I work in a manufacturing industry. We produce million units per year. I can’t imagine how many units can be produced if there’s only one person in the shop floor doing all the things from material warehousing to finished ingredient processing to packaging and shipping. If you’re that person, that would be very tiring right? That would be very, very toxic. That would require you to work more than 24 hours per day.

Use of Technology. Can you imagine if there’s no CDs, MP3s, etc? Your favorite singers will hate that PLAY button. Why? Because every time you hit that play button, these singers will come to you and sing your favorite songs. Hmmm… that would be fun if you’re the person to be entertained! But what if you are the singer? You’ll hate it right? Lastly, I could not imagine if two households hit the play button at the same time. If that happens, you’ll lose one fan right away.

That’s why we need to have a team and technology to duplicate ourselves to complete a certain task at a certain time. This would enable us to do other things that matters to us. This way, our time is duplicated as well.

If you find this article useful please share it with your friends or leave your comments below. :D


eLviN

PS. This topic is one part of Bo Sanchez’ Prosper Series. We’ve been learning a lot from his wisdom and right now we’re duplicating him to spread the word of wisdom to everybody else. In case you want to read his articles online please visit www.bosanchez.ph or be a member of Truly Rich Club to gain spiritual abundance and financial wealth at the same time. Sign up now to receive 11 incredible blessings absolutely free ($251.50 value).

PS1. For those who are near Metro Manila, you might want to keep your Wednesday nights booked with the International Marketing Group's WEALTH ACADEMY Series where you can learn how to get yourself out of the rat race. WEALTH ACADEMY offers these (1) Financial Education, (2) Discipline and (3) Entrepreneurship. Limited seats only! Email me at ask@elvinperia.com for more details. 

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Top Reasons to Win and Planning on Good Friday

Good Friday. Yesterday is really a Good Friday.

I had a great day.I had a super-duper-awesome-cool-great-Good-Friday. Edel and I had a great chit chat discussing our future. We are happy that we projected our expenses for the years to come. And I am proud that we shared it to Marvin, our soon-to-be business partner.

It’s a bit of a challenge because as of the moment we are on the process of increasing our monthly income to meet or exceed our ideal expenses. The good news is if our rough estimations are correct and the expected variables fall exactly where we base our computations, we will be retiring at the age of 43. That will be 18 years from now.

I’m excited to declare it. I am retiring on my 43rd birthday! On that day, I see myself living on investments. This will become possible because my investments are continuously growing on an average of 20% per annum. This is enough to sustain our expenses for the years to come. On that day, I’m the happiest person sharing my life fulltime with my family. Mark that day, March 1, 2028 is my freedom day!

As I am writing this, I’m having goose bumps.

How will that come to reality? Here are my Top Reasons to Win.

1. I believe that I am a family man. I am an excellent provider for my family. I love seeing my family have their needs satisfied. I am committed in sharing my quality time with my loved ones.

2. I believe that life should be enjoyed. We only have one life and one life to live. I am committed to live my life to the fullest by going to beautiful places all over the world to experience God’s awesome creation.

3. I believe that I am a great communicator. The things I knew that I can greatly help others are worth sharing. In line with this, I am committed to share to everyone the things that helped me grow through my blogs, my books, my talks, and my actions.

4. I believe that in every aspect of my life I deserve to have mentors that are always there to bring out the best in me. I am committed in attracting these powerful mentors that can help me grow my relationship to GOD, my finances, my relationships, my businesses, and everything else.

5. I believe that it is just right to return all the good things, praise and glory to our Creator. In line with this, I am committed to serve HIM with everything I have. This includes my music skills, my financial wisdom, my computer skills, and everything I have.

Before I end this article, I want to share with you that most of us have plans in our office. We plan to meet our deadlines for our projects. We plan to adhere to our production schedules. We plan to meet our boss’ expectations. We plan for our summer getaways and many other things you can think of. Most of us miss out this one important thing. These planning activities are meant for us to plan bigger things which are our life, our future.

Sadly, most of us don’t realize it. Most of us never thought of this idea. But it is never too late unless you start planning for your future now.

Until my next post!

eLviN

PS1. There will be a Grand Feast in SMX Convention center on Easter Sunday April 4, 2010 8AM to 12PM. Admission is free.There will be an Easter Mass, powerful worship and the preaching of the Word. Bo Sanchez will be preaching about OVERCOME! - How to turn your stumbling blocks into stepping stones. This is a great way to celebrate your Easter Sunday.

PS2.Bo Sanchez released a new ebook about investing entitled "My Maid Invests in the Stock Market". This ebook is exclusively distributed to his Truly Rich Club Members. If you wish to read his book I suggest that you visit Truly Rich Club now (who knows this could change your life). Again here's the link to Truly Rich Club by Bo Sanchez.

PS3. For those who are near Metro Manila, you might want to keep your Wednesday nights booked with the International Marketing Group's WEALTH ACADEMY Series where you can learn how to get yourself out of the rat race for free. Email me at projects@elvinperia.com for more details

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Money Working For You

What a week!

I guess last week is the most tiring and rewarding week of my life.

It is tiring because for the first time in my life I’m doing two jobs at the same time. I’m an employee at day and a virtual assistant at night. It is rewarding because I’ve learned a valuable lesson.

I learned the difference between money working for me and me working for money. Obviously I’m currently working for money and I’m happy that money is coming to me but there’s a challenge. My body is screaming! I could not have a good night sleep.

This just shows that human beings have our own sets of limitations. We can only work at the maximum of 16 hours a day to have good enough sleep. We need those 8 hours of sleep to have a healthy body and a refreshed mind. (Additional note : Drinking of energy drinks is not a permanent solution for this. Take note, NOT THE PERMANENT SOLUTION because I know that there are very hardworking people out there who drinks a lot of energy drinks just to stay awake. This is very, very unhealthy.)

Money on the other hand can work 24 hours a day for us. No limit. No rest day. No holidays. No weekends. No summer breaks. Money works 24 hours a day, seven days a week, 365 days a year.

You might ask? How can I do that?

First, you must understand how money works. Second, you must know how to handle your money by having the courage to discipline yourself and lastly, find a way to increase your sources of income.

Fortunately, I am part of a group that can help you have your money working for you. The group is called International Marketing Group (IMG). It has a program called WEALTH ACADEMY PROGRAM consisting of twenty series that can transform you by teaching you these three things (1) Financial Literacy, (2) Discipline and (3) Entrepreneurship. We believe that the greatest asset is financial intelligence.

Here are the topics covered in the WEALTH ACADEMY PROGRAM

Series 1 : Finacial Solutions Today

• Six Steps to Financial Freedom
• How Money Works
• The Wealth Formula
• Building a Solid Financial Foundation
  

Series 2 : Finance and Investment 101

• Different investment vehicles and strategies
• Bypass the middleman and become your own financial adviser/broker
• Mutual Funds / Diversification and Money Cost Averaging etc
  

Series 3 : Creating Multiple Income Streams

• Different sources of passive income
• Creating passive income streams
• New concepts in making good money
  

Series 4 to 20 : A comprehensive approach to personal and financial success

Sounds interesting right?

The knowledge I got from attending these series motivates me to act and take control of myself and my finances. That's the primary reason why I'm adding more sources of income for me to invest more for my future. Soon, I'll have my money working for me instead of me working for money. Soon, this will come true (I'm looking at 5 to 10 years time frame). How about you? When do you want to have your money work for you?

Until my next post.

PS. In case you want to know more about the WEALTH ACADEMY PROGRAM you may contact me by sending me an email at elvinperia@yahoo.com. I'm willing to send you the schedules of the WEALTH ACADEMY PROGRAM. Again, email me at elvinperia@yahoo.com.

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Money Problems Solution

As I was browsing my facebook page I noticed my financial mentor posting a status message that is something worth sharing.

He said on his status message that there are two reasons why most of us have problems with our hard earned money.

1. Money Management.
2. Not Enough Income.

There are a lot of people earning lots of bucks in a month. Towards the end of the month they started to worry how they will survive for the remaining days before paycheck. They mismanage their hard earned money. They never budget. They never save.

Okay let us assume that they save. They save in banks. Most of banks give 1% interest rates for their savings and 4% on their time deposit account. Is it enough? Nope. If you place your hard money on these kinds of investments, you’ll lose. Why? Average inflation is around 7% per year. I was not surprised when I heard that the price of petroleum, rice, and sugar increased. Thanks to inflation. A good money management tip I can give is to place hard earned money on at least 8% interest rate. This way your money will earn.

For those who never save. I suggest that you save first then live on the remaining percentage. The ideal saving is around 20% of your income. So let’s say you’re earning 20K a month, after you receive your 20K set aside 4K and live with 16K.

I developed a formula for this. This works for those people who have a budget plan for their expenses. Divide expenses for the month by 0.8 or 80% to get the ideal net income. For example, if a person has an average expense of 20K per month, then he should be earning 25K at least in order to save 20% of his income.

If he earns less than that amount, then we move on to the next money problem. Not enough income.

The only solution for money problem # 2 is to increase your cash flow. Increasing cash flow can be done by (1) reducing expenses and (2) getting more sources of passive income. Passive income is a long topic to discuss. I’ll reserve that topic in the future.

Hope this post can help you manage your finances better.

PS. If you want to know more about handling finances you may contact me through my email. Email me @ elvinperia@yahoo.com

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