BAKIT BA ANG PINOY AY MAHILIG MANGUTANG?

Usong uso sa ating mga pinoy ang mga katagang, "Pahiram naman ng pera, ibabalik ko na lang sa payday." Pero nakalipas na ang madaming payday, hindi pa din nababayaran ang inutang.

NAGKAKALIMUTAN NA at nagkakasakit ng AMNESIA!

Palagay ko, kaya patok ang pangungutang dito sa Pinas ay dahil ito ay isa nang naging …

TRADISYON
Malaki ang influence ng mga magulang natin. Kung pangungutang ang naging LIFESTYLE nila, malamang ito ay magagaya ng kanilang mga anak.

Isang halimbawa na lang ay ang fiesta. Para walang masabi ang kapitbahay at kamag-anak, kahit walang-wala na, pipilitin pa din na maghanda para lang hindi mapahiya.

Natatakot na masabihan nang madamot (kahit nagtitipid lang naman talaga), kaya mas pinipiling mangutang kahit duda na ito ay mababayaran in the future.

Ang iba naman kaya mahilig mangutang ay dahil sa sobrang pagod na pagod sa work. Kaya pagdating ng sweldo, ang iisipin ay they ...

DESERVE A REWARD

At ang naiisip na reward ay puro mga WANTS na para sa panandaliang saya lamang. Inom, eat-all-you-can, gadget, at kung anu-ano pang mga bagay na hindi naman talaga kailangan.

Hindi na na-consider ang pag-achieve ng long-term goals at ang reward nito. Gusto nalang na bawat kibo't galaw ay may ka-akibat na pagpapala.
Okay naman kung pagbigyan ang mga wants paminsan-minsan, hangga't ang ipinang-gagastos ay extra cash at hindi yung pera para sa mga pangunahing pangangailangan.

Ang iba naman ay sadyang ...

TAMAD LANG

Ayaw maghirap kaya umaasa na lang sa iba. Panay pasarap ang gustong gawin at inaasa na lamang sa mga nagmamahal sa kanya ang pag-sustento ng mga luho at pangangailangan niya.

Gusto lagi nalang kumportable, kahit hindi nagtatrabaho. Manghihiram ng pera habang naghahanap ng trabaho, pero ipangsusugal dahil nagba-baka sakali na manalo sa pamamagitan ng "mas madaling" paraan ng pagkakaroon ng pera. Ang ending, palubog nang palubog sa utang!

Pero para sa kanya, ayos lang at normal ang ganitong lifestyle. Ang nakatatak kasi sa isip: "Hindi bale nang tamad, hindi naman pagod."

At higit sa lahat, ang pinag-uugatan ng pagkahilig sa pangungutang ay maaaring ang pagiging ...

MA-PRIDE

Dahil ayaw makitaan ng mali, mangungutang para panghanda sa mga okasyon, kahit wala namang cash on hand at hindi naman sure na may paparating na pera. Ang importante para sa kanya ay maipapakita niya na kaya niyang maghanda ng engrande. Ayaw AMININ na may hangganan ang kakayanan niya.

Laging iniisip ang sarili kaya iniisip na laging may kapalit agad na reward ang bawat pagtatrabaho. Masyadong SELF-ABSORBED kaya hindi bale nang manghingi sa kapwa, masunod lang ang luho.

Feeling VIP palagi kaya feeling lagi siyang pagsisilbihan ng mga taong nakapaligid sa kanya sa pamamagitan ng pagpapautang. Dahil importante ang tingin niya sa sarili niya, chillax na lang siya habang hinihintay ang mga biyayang mga inutang niya.

These are just some of the reasons kung bakit ang Pinoy ay nahihilig mangutang. Isa ka ba sa mga ganitong klaseng Pinoy?

THINK. REFLECT. APPLY.

Handa ka na bang i-break ang mga tradisyon para hindi na madagdagan ang iyong mga utang?

Willing ka ba na mag-effort para sa sarili mo para makalabas ka na sa pagkakautang?

Kung gusto mong nang magumpisa pero hindi mo alam kung paano. Nais kitang tulungan, panoorin mo itong video an ito and see how it can change your financial life forever http://bit.ly/1AZsjDW

‪#‎UTANG‬ ‪#‎MAGBAYAD‬ ‪#‎CHINKEETAN‬ ‪#‎moneykit‬ ‪#‎chinkpositive‬

10 Money Management Tips for OFWs (1st Half)

What are you doing wrong with your money?

What should you start doing right?

Here are ten money management tips to help you make your money worth something. (Please stay tuned for the second half!)

OFW Money Tip #1: Talk to your loved ones about your arrangement.

It's sad, but some relatives of OFWs expect their breadwinner to send them majority of their income.

Get this misconception out in the open and correct their expectations as early as possible. Tell them how much your salary is, how much you're going to send every month. how much your cost of living will be and how much you plan to save up.

If you think that they won't respond well to this, then tweak the figures a little bit. If you're earning P100,000 and you plan to send P45,000 monthly, and they're still not satisfied, tell them that you're actually earning only P80,000 and yet you're still sending them P45,000.

It's all in a matter of perspective!

OFW Money Tip #2: Make sure you have an online savings account with a credible bank before leaving the country.

This is wonderful for you because this means you can monitor you account balance, even if you're not in the country. Sure, you'll have a savings account in the country you work in, but you also need to have another account in the Philippines as another source of your savings.

In the above example, if you're sending P45,000 monthly, tell your loved one to deposit the P5,000 to your online savings account. You can know if it's credited or not if you check your online balance.

OFW Money Tip #3: Start learning about investing.

Read more about investing in mutual funds - a lot of investment companies would be happy to help you make your money work for you.

Don't be afraid to ask around.

Attend financial literacy seminars while you visit the Philippines. Talk to a helpful financial advisor - hello! :)

(Have you gotten the free version of my "12-Step Guide to be a 20-SOMETHING MILLIONAIRE" book? Get it here.)

OFW Money Tip #4: Reinforce the need to be financially literate and eventually, financially free.

Log in to your Facebook account and look at the pictures of family reunions - don't you wish you were there with them?

Your lola just celebrated her 85th birthday with all her grandchildren and you're the only one missing - don't you wish you were there with her?

Your 11-month old son walked the first time today and you weren't there to witness it - don't you wish you were there with him?

You chat with your life partner via Skype and you give each other virtual hugs because you're a thousand miles away from each other - don't you wish you were there with her?

It's your little sister's graduation today and she wanted you to put the medal on her but you couldn't because you're abroad - don't you wish you were there with her?

Friends, learning about personal finance management won't just make you wish you were there. It will make you actually be there in times when you want to be there the most. It's better to retire early and live off your passive income instead of working abroad until you're 65, right?

OFW Money Tip #5: Make your own saving and spending plan.

That's right: have a proper budget! Your income shouldn't just be about remittances, expenses and more expenses. It needs to be about giving back to God, saving and paying yourself first, investing, your expenses and then remittances.

Confused as to where to start? This template may just be what you need!

Don't be a total martyr and send all your money home. You deserve to take care of your needs by making your money work for you too.

You worked hard for this money - shouldn't your money do the same for you?


Fired up to manage your money yet? Contact your trusted financial advisor. You can also get FREE financial consultation from me by filling out the form here to help you get started.

If you find this post helpful, please SHARE it to your friends. Who knows, they might like it as much as you do. :)

Thank you, awesome people!


Source:

http://www.thewiseliving.com/2013/08/10-money-management-tips-for-ofws-1st.html

Investing in business and love: Tips from ex-OFW Rebecca Bustamante

Rebecca Bustamante didn't even want to write a book at first.  While the CEO of Chalre Associates attributes most of her success to reading books, she is not one for talking outside of business partners and friends. But upon persuasion, she teamed up with journalist former GMA News Online section editor Veronica Pulumbarit to write "Rebecca Bustamante: Maid to Made," where she shares her experiences to help overseas Filipino workers save money and manage their love life.

In a press launch for the book last September 17, the former nanny shares some tips on dealing with finances, families, and even romance.

Say "no" to family

Saving money was a long, arduous process for Bustamante, who fell into the same cycle as other OFWs by sending all her money home and never leaving anything for herself.

Had she continued this cycle, she said it would’ve been impossible to put all her siblings through school and build a family home in Pangasinan.

“They don’t teach (saving) in our schools. We never learned. Imagine if I didn’t read books — maybe until now I’m still broke,” she said.

While it was painful to say no to her family at first, her decision led her to becoming the success story she turned out to be.

Learn to invest

While reading financial books will certainly teach an OFW ways to save his/her money, Bustamante said families of OFWs must also learn how to make use of the money sent to them.

"Kung ano man yung perang ipinapadala, i-save nila, tapos magtrabaho sila. They need to work and make money for their expenses every day," she said.

"Kung anong pinapadala sa kanila, i-invest, ilagay nila sa bangko para at least hindi kawawa yung pamilya nila na trabaho nang trabaho, hingi sila ng hingi. Samantala kung may business sila, then of course the family's happy," she added.

Because of the length it takes for investments to pay off, most skip investments in favor of spending their money immediately.

However, Bustamante said families of OFWs should be "willing to pay the price upfront," no matter the price, to truly get what they want.

She also said that OFWs must bear the hard work, saying that if she wouldn't be in the position she's in now if she gave in to provocation at the start of her career.

"Karamihan sa kanila, nanny pa rin at nagtatrabaho sa mga hotel as a tagalinis. In short, the story is: kahit anuman, be willing to pay the price upfront," Bustamante advised.

"Invest" in love

Yet for all her achievements, she said her greatest accomplishment was building a family and fulfilling her promise to her mother.

“When my brothers and sisters finished university and [moved] to Canada, and I was able to build a family home in Pangasinan, it’s an achievement… [there’s] nothing else I could ask for except to get married and have my own family, and I have that, too,” said Bustamante.

But in building and raising a family, the CEO said it was important to be meticulous in choosing the right partner. She said the hardships her mother had to go through because of her husband and sons motivated her to research how to pick the right person.

She said singles looking for a partner should list down the qualities they want to have in the person, clarify what they want in the relationship, and make sure that whoever they meet was someone they were truly interested in.

Richard Mills, Bustamante's husband, said they kept their relationship strong by developing it beyond the initial infatuation.

Through trust, respect, and having the same goals and vision, as well as developing individually, couples can remain strong and loving, she said.

"If they decide to stay home, great, but maybe try to take some courses at school, develop a skill, maybe get a part-time job, get involved in charitable pursuits, just so your world's expanding and you got things to talk about," said Mills.

Raising their two sons also helped them bond, as they share everything with them, building trust within their family.

Give back.

Because debt was such a common occurrence with OFWs, Bustamante hopes to tour schools in impoverished areas to teach kids about fiscal responsibility, as well as on how to save money.

Proceeds from the initial printing of her books will completely go into buying laptops for schools, something she already does with part of her profits.

Her husband was also part of a reason why they returned to the Philippines to "give back."

"I love Canada because of the equality. They don't judge you for who you are, they don't judge you for your position, they don't judge what you're wearing or driving. Everybody can eat steak if you like, you can go to restaurants, you can go for holidays," she started.

She continued, "But of course, Richard Mills, I believe in him that we need to be here to promote Philippines to encourage investors to invest here, to give jobs to many. Sabi ko, of course, why not?"

Be assertive, not aggressive

Mills said that what made Bustamante different was her security in her identity, saying she did not feel the need to "keep up" with the macho culture of high-level positions to succeed.

He said just because women are in senior positions doesn't mean they try to act like men.

“In some countries, you can hardly tell the women from the men. Women in the Philippines are feminine, they're very comfortable being women. They don't try to compete... In some countries, it's almost like they're trying to compete for who's more manly,” he said.

"Rebecca Bustamante: Maid to Made" will publicly launch at the Fully Booked branch in Bonifacio Global City in October. —KBK, GMA News


Source:

http://www.gmanetwork.com/news/story/381514/pinoyabroad/ofwguide/investing-in-business-and-love-tips-from-ex-ofw-rebecca-bustamante