Yes you heard it right, it’s not how much you earn that matters most. It’s how much you save.
You have seen a lot of famous personalities who in their peak are earning millions. Yet these people retired in poverty. You may have heard of actors, actresses, sports personalities, and corporate executives who have retired without any savings. But in their prime, they were spending left and right.
The key to living comfortably is to live within your means. Make sure you save enough for the rainy days.
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Forbes has released their Philippines 40 Richest ranking. Topping the list are the usual, Zobel de Ayala Family, Henry Sy and Lucio Tan. Surprisingly, ranking 4th and 5th is Andrew Tan and Manny Villar.
Both Andrew Tan and Manny Villar made their billions in real estate. Andrew Tan owns Megaworld and Empire East. He also owns a big share of McDonalds Philippines. Manny Villar on the other hand owns Vista Land, the mother company of various real estate company catering to various market segments.
What made Tan and Villar jumped to higher ranking is the value of their company holdings. Since their companies are public, the rise in stock prices have made their wealth multiply.
Interestingly, John Gokongwei is only at number 15. His fall in ranking can probably be attributed to the donation of half of his wealth to charity.
The Philippines biggest food show is underway from August 1 to 4 at the World Trade Center. The World Food Expo (WOFEX) 2007 once again brings together the many different types of food, beverages, and other related products under one roof.
Aside from the various food exhibitors, a whole day of seminars are lined up for trade visitors.
DAY 1 (AUGUST 1 - WED)
11am Learn, Bake & Earn: Baking Made Easier Using San Miguel Mills Pre-mixes <HS>
11am Food Styling + Food Photography <A; P800>
11am Workshop Using Fresh, Frozen and Canned Products for Fresh & Dried Noodle Making + Recipes on
Siopao-Making, Kakanin Puto & other Local Pastries, Pizza Making <TS>
12nn Secret Ingredient for a Great Food Biz <B>
1pm Lea & Perrins Culinary Demo <HS>
1pm Beverage Mixing Seminar <B>
1pm Serve Safe for Catering Services, Chemical Spill Management, Floor Care / CR Maintenance <C>
2pm FANCY COCKTAIL CREATIVE CHALLENGE with Torani <HS>
2pm French Baker Workshop with Johnlu Koa <A; with fee>
3pm Best Management Practices in Commercial Kitchen <B>
3pm The Guide to Reducing Metal Contami-nation in the Food Processing Industry <C>
4pm Food Freezing & Cooling Technologies <C>
DAY 2 (AUGUST 2 - THU)
11am How to Prepare Meat Magic <HS>
11am Innovative Baking <TS>
12nn Get Healthy w/ Norwegian Salmon <HS>
12nn Food Handling, Master Butchery, Cooking Techniques & Marination <A>
12nn The Right Technology for your Biz <B>
12nn Universal Weavers Corp: Are You Ready To Be A Connoisseur <C>
1pm HOTEL & RESTAURANT CHEFS ASSOC. CULINARY SHOWDOWN w/ Sunbest <HS>
1pm Have A Culinary Profession in Canada <B>
1pm How To Develop & Start Your Own Food Stall Business <C>
2pm Int’l Food Certification Program <B>
2pm LPG Product Knowledge & Safety <C>
3pm All About Chocolate w/ Transworld <A>
3pm Hygienic Application in F&B Processing <B>
3pm Floor Safety Maintenance in the Foodservice Industry <C>
4pm BARISTA GRAND CHAMPIONSHIP with Da Vincci <HS>
4pm Pressure & Temperature Calibration <B>
4pm Basics & Beyond, The Start Of A Real Bartending Career by the Philippine
Bartender’s League <C; P600>
DAY 3 (AUGUST 3 - FRI)
11am Fave Dinners for 2, Love Your Heart <HS>
11am Baking Workshop w/ Chef Ernie Babaran <A; P800>
11am Trends In Doughnut Making, Cake Decorating, Making Pastries & Cookies,
Standardizing Recipes, Product Dev’t <TS>
12nn Going Japanese! <HS>
12nn Biz Opportunity in Meat Processing and Food Processing using Hygel
Carrageen & Meat Magic Alternative (TVP) <B>
1pm Kusinang Kraft <HS>
1pm Modern Refrigeration <B>
1pm How to Franchise your Business with PFA <C; with Fee>
2pm FLAIR EXTREME SHOWDOWN with Artics & Crocs <HS>
2pm International & Local Food Labeling Nutrient Claim <B>
3pm Fruit & Vegetable Carving Workshop with HRCAP <A; P800>
3pm Develop Your Own Perfume & Scented Candle Business <B>
4pm Develop Your Own “Shelf-Stable” Functional Beverages & Sauces <B>
DAY 4 (AUGUST 4 - SAT)
11am Mega-Garantisadong Sarap Cooking Demo <HS>
11am Workshop Using Fresh, Frozen & Canned Products For Spreads, Paste,
Preserves using Durian, Calamansi, Ube etc. <TS>
12nn A Taste of Spanish Cuisine <HS>
12nn All About Chocolate Session with Transworld Trading <A>
12nn Dare to Flair, Your Way on “How to Flair” by the Philippine Bartenders League <B; P600>
1pm Monin FLAIRTENDING COMPETITION <HS>
1pm The A to Z’s of Buying a Franchise by PFA <C; with Fee>
2pm Coffee Class <B>
3pm Chocolate Pralines, Truffles & Chocolate Decorations with Chef Buddy Trinidad <A; P800>
3pm Having the Sweet Without the Guilt Seminar/Demo on Application & Effect of
Sugar Substituteson Food Preparation, Health and Diet Concerns <B; P600>
Legend:
<HS> = Hall Stage; <TS> = Tent Stage; <A> = Seminar Room A; <B> = Seminar Room B; <C> = Seminar Room C.
After the FrancSwiss scam, another investment program is in the news after its principal went missing. Performance Investment Products Corp has reportedly duped investors of as much as $250M. It’s owner, Michael H,K, Liew, is now in hiding and is being sought after by the police.
The investment scheme involves the trading of sophisticated financial products called “futures derivatives.” The minimum placement is $40,000.
Another company, Performance Foreign Exchange Corp has come up with advertisement differentiating and distancing itself from Performance Investment Products Corp. Interestingly, Performance Foreign Exchange was a split company who came from the same founder, Michael H.K. Liew. Performance Foreign Exchange is into forex trading and is agressive in acquiring clients.