One of nation’s top insurance company, Philamlife is dedicated to teach Filipinos on how to get the financial freedom that they are eager to achieve.

As part of Philamlife’s financial literacy program, the company is inviting the public to its “Build Your Future” seminar on November 14, 2009 from 9:00am to 12:00nn at the Philamlife Theater, Manila.

Most sought-after financial coach and best-selling author of “Till Debt Do Us Part” Chinkee Tan will share his top secrets in establishing financial wealth and proper attituds in gaining succes.

For registration and to know more about the seminar please log on to www.iluvlearning.com or call Learning Curve at 996-4610 to register. Special discounts will be given to Philamlife’s client. There are limited slots only so register now!

I want to impart you guys what I’ve read on Citibank, this is about managing your cash flows and how you’ll be able to manage and maximize your finances. Here’s what I’ve read:

• Always have an accurate idea of your cash flow and/or net worth before setting your financial goals. (this is very essential for those who want to take risks in business. Before you unleash money, make sure that you know how much exactly your money and your net. Think if its enough and if your other expenses will not be affected.)

• Review your cash flow each month. When you see the monthly pattern, do it annually. If your cash flow is not a positive figure it is better to reduce your living expenditures until there is a surplus available, rather than financing shortfall with loans. (In more shorter explanation,were in financial crisis, manage your monthly income, expend it on important things…only.)

• DO NOT view savings as what is left over from your daily expenses but rather, treat this as a monthly living expense to ensure that your continually building surplus for investments.- (Also, do not include the left over money from your daily expenses in your own savings. Set it aside. Save the left over money each month and use it from buying extra things that you are dying to buy.)

Our economy is shaking for the past years that affect the businesses, employment and our investors itself. This is  a crucial time for investors, however, there are still ways on how to manage keeping the business move, here are some advices:

• Make sure you have well-established goals- Make sure that you have well defined investments objectives, time horizon and risk tolerance. If your priority is to protect your interests and preserve opportunities, then you should assess the quality of your investment decisions and progress to the next level of investment management.

• Financial advisers can help- If investors have had a good discovery conversation with the adviser, they understand the market has its ups and downs. by making sure your portfolio matches your risk tolerance, your adviser ensured the investments match up with your ability to whether turbulent times.

• Be patient- Be patient. There’s no denying that the markets are extremely volatile. Next, stay invested. the biggest gains often occur in the early stages of a market turnaround, so you could miss out on the possibility for considerable growth if you’re sitting on the investment sidelines. Finally, look for opportunities. the market decline actually gives you a chance yo buy quality investments at lower prices.

• Not the time to sell- Consistent regular investing (peso cost averaging) during all types markets is still considered the best long term strategy fro investors. selling investments in a down market goes against the basic principle of investing: “buy low..sell high. Selling low “locks-in” your losses.

• Market will rise again- We are currently facing unprecedented times as far as the financial markets is concerned. The only way to guarantee a loss is to sell your investment when its down. Your greatest advantages in investing are time, diversification and peso cost averaging.

• History provides guidance- The best strategy to help you enjoy the next recovery and reach your long-term goals is to stay invested, look for opportunities, and be patient. We cannot predict downturns and recoveries, but we can be prepared for the. The best way to prepare is to focus on quality investments, completely diversify your portfolio, and invest based on your individual goals.

• Use your head- In a volatile market, be mindful of how you are making your financial decisions. Most people make poor financial decisions when they let their emotions lead.

*Tips from ALFM Family of Funds

Getting into business is one great option if we want to earn more income, either it is small or big. However, it is not easy to put up a business, you have to take risks and under go some adjustments especially if you’re going to start from scratch.

Franchising business is said to be a great way to get into business. In just a certain amount, you can start with your own business  as easy as 1-2-3. Franchising comes in different packages depending on the kind of business. Have you seen food kiosk in LRT/MRT Stations and even in Malls? those are all franchise. And mind you, the earnings per day is enormous!

Here are the reasons why you should choose to go franchising:

• Most of the Franchise business has a name for itself already, you don’t have to go over advertise (ie. Jolibee, Siomai House,7 Eleven)
• It comes with a package deal
• The Franchiser will be the one who will look for a perfect location (or if you have your location in mind, you can suggest and talk about it)
• Some franchiser includes hiring of laborers as part of the package including their uniforms (ie. Siomai House)
• Food Franchise are less cheaper, most of this food kiosks are famous because it caters pinoy and street foods.
• You can choose from variety of franchise like coffee shop, computer shop, bakery, pawnshop, fast food, food kiosks, RTW, etc.
• Franchiser will help you get started from business processing to advertising.
• Free seminars and trainings fro franchisee and its employee.
• Space rents is cheaper (depending on the location) LRT/MRT Station space rents costs P900 per day.
• Franchising costs P50,000-P4,000,000.

If you want a secure business, then choose franchising. In franchising, you don’t have to start from scratch, the business is already established long before you start!