Actions Make Your Dreams Come True!

Most of us Filipinos dreaming to have our own house and lot, and I’m one of the millions of them dreaming that someday my wish come true, but wish could come true if you have a definite plan and expressed in continuous action.

I worked as an Engineer in manufacturing of metal crown caps here in Pasig City, few months later in that company and due to high cost of renting a house; I ask myself on how about investing on real estate, so I ask some of my co-worker if they have any friend or neighbor selling property. I also search the internet like Google, Sulit.com.ph and other search engine to inquire those properties located in Metro Manila, but it’s very expensive.

One day when my co-worker told me that he has a vacant lot located at Antipolo City, I started to ask more about information and he gave me the exact address. I checked the property and got interested to purchase it. I proposed him to buy and made him decided for almost one year.

After his final decision, I attended a four hour orientation at the Pag-ibig Main office also known as HDMF. They give me a complete list of requirements for a purchase of a fully develop lot retail only. I am so happy that day and excited, because finally my dreams will come true if all the requirements will be submitted within 90 days. I know this is my first step for my goal and thank Almighty God for the blessing.

Step by Step on How to have a Business Permit

Step 1. Secure your DTI (Department of Trade and Industry) Certificate of Registration of Business Name, but before going to DTI office list down at least three business names and submit it for approval.

Step 2. Get Barangay clearance for business purpose, you need to have a CTC No. (Sedula) as primary requirement.

Step 3. Gather the documents stated on step 1 and 2 for Mayor’s permit. Fill-up application form from municipal office and pay the following permits, Division permit, Planning permit, Building permit, Health certificate, Fire Code Fees for Bureau Fire Protection, Certificate of real estate tax. Submit a picture of establishment and sketch of location.

Step 4. Proceed to BIR office and register your business.

FOR SELF-EMPLOYED AND MIXED INCOME INDIVIDUALS/ SOLE PROPRIETORSHIP:

Tax Form
BIR Form 1901- Application for Registration for Mixed Income Individuals, Estates and Trusts

Documentary Requirements
- Birth certificate or any valid identification showing name, address and birth date
- Mayors permit or application for Mayors Permit (when applicable)
- Department of Trade and Industry (DTI) Certificate of Registration of Business Name (to be submitted prior to the issuance of the BIR Certificate of Registration (COR)

Procedures
a) Accomplish BIR Form 1901 and submit the same, together with the required attachments, to the Revenue District Office having jurisdiction over the registered address of the business establishment.

b) Pay the Annual Registration Fee (P 500.00) at the Authorized Agent Banks of the RDO.

c) Pay P 15.00 for the Certification Fee and P15.00 for the Documentary Stamp Tax (in loose form to be attached to Form 2303).

d) The RDO shall issue the Certificate of Registration (Form 2303).

FOR CORPORATIONS/PARTNERSHIPS:

Tax Form
BIR Form 1903 - Application for Registration for Corporations/Partnerships (Taxable/Non Taxable), including GAIs and LGUs

Documentary Requirements
- SEC Certificate of Registration (Certificate of Incorporation/Certificate of Co-Partnership) or License To Do Business in the Philippines in case of resident foreign corporation
- Mayors Permit or application for Mayor’s Permit to be submitted prior to the issuance of the BIR Certificate of Registration

Procedures
a) Accomplish BIR Form 1903 and submit the same together with the required attachments to the Revenue District Office having jurisdiction over the registered address of the business establishment.

b) Pay the Annual Registration Fee (P 500.00) at the Authorized Agent Banks of the RDO.

c) Pay P 15.00 for the Certification Fee and P 15.00 for the Documentary Stamp Tax (in loose form to be attached to Form 2303).

d) The RDO shall issue the Certificate of Registration (Form 2303).

e) Taxpayer must pay the Documentary Stamp Tax on the Articles of Incorporation as prescribed under Section 175 of the NIRC, on the 5th of the month following the date of issuance of said article (per RR 4-2000).

Buying Stock Without A Broker

Although the most popular and functional way to buy and sell investments, opening a brokerage account is not absolutely necessary. Many investors aren't aware of the alternative ways to acquire stocks and mutual funds. Although working with a qualified broker definitely has advantages, it may be better, in some cases, to purchase stock directly.

1. Invest through the company's direct stock purchase plan.

A number of companies, such as PLDT, offer direct stock purchase plans. These plans allow investors to buy shares of stock directly from the company. Most have a minimum
initial deposit but are happy to waive it if you agree to automatic monthly withdrawals from your checking or saving account. This way, the company automatically purchases stock for you by debiting your bank account every month. This can be an easy and relatively painless way to save.

2. Take advantage of the DRIP program's cash investment option

If the company doesn't offer a direct purchase plan, find out if it has a dividend reinvestment plan (DRIP). DRIPs are a great tool for growing your portfolio but they also have a hidden feature that most people don't know about, the cash investment option. Most plans allow you to send a check in any amount to the program administrator and they will purchase additional shares for you. The big benefit here is the fact that investor is allowed to purchase fractional shares, allowing all of his or her money to begin building wealth.

Suggested Reading:

Stock Never Loss Secret

7 Simple Steps To Real Estate Investing

If you want to involve in real estate as a business or as an investment, consider these simple steps:

Step #1 - Set your plan:
Figure out what your long term real estate goals are and figure out what your short term needs are with regard to making money in real state. Then, set up proper entities and put the plan in place.

Step #2 - Determine what your target market will be:
You cannot be all things to all real estate markets. If foreclosures appeal to you, start investing in the foreclosure market. If you want to be a landlord, look out of state owner to focus your real estate marketing efforts.

Step #3 - Be consistent and persistent:
Real Estate is not a get to rich quick scheme. Real Estate is get wealthy over time and put some quick cash in your pocket today. You've got to follow your plan and stick with it to see real results in real estate. You've got to continue to increase your education and your experience.

Step #4 - Don't fall into the "Analysis Paralysis":
Learn to analyze properties quickly. Don't get caught up over thinking. It's quite simple actually: What's the property worth? What does the property need for repairs? And how much can you get the property for? It comes down to numbers!

Step #5 - Become a master of finance!:
Real estate is the business of marketing and finance. You must learn about mortgages and interest rates and loan programs that are out there. You must know how to use finance to negotiate your deals and to sell your properties.

Step #6 - Become a skilled problem solver:
The reason you will get real estate deals that others don't, is because you are able to solve people's problems. Anything goes on the real estate playing field. You've got to be ready!

Step #7 - You must continue your education:
It is important that you are always investing in your education and learning new tactics, strategies and tips that will make you more in real estate.

SSS Online Inquiry - How to check your contributions online?

The Philippine Social Security System has updated their online inquiry, before its very simple just put your SSS number, enter your last name and birth date and VOILA! you can view your contributions.

But now you need to sign-up first and wait for the password that sent to you via email. For online member registration, you need to provide your employer SSS number if you’re employed and for those self-employed/voluntary/OCW you need to provide SBR number found on the RS5 receipt.

I’m not connected to SSS or any government agencies, so please don’t ask me about your contributions or loans better contact the nearest branch in your place. I just wanted to share my experience using this system.

Important Facts to Consider in Buying Life Insurance Policy

Life insurance is normally an expensive financial commitment, but it is necessary to cover your life. Protection against the loss of income due to death is important to ensure family members are taken care financially. Should disability occur, due to inability to work, income cease and expenses continues.

1. All policies fall into one of two camps.

There are term policies, or pure insurance coverage. And there are the many variants of whole life, which combine an investment product with pure term insurance and build cash value.

2. Whole life is expensive.

Policies with an investment component cost many times more than term policies. As a result, many people who buy whole life often can't afford an adequate face value, leaving themselves underinsured. The returns quoted by the agent are simply guesses - not reality. And some companies keep these guesses of future returns on the high side to attract more buyers.

3. Buy when you're healthy and young.

Older people and those not in the best of health pay steeply higher rates for life insurance - so buy as early as you can, but don't buy until you have dependents.

4. Match the term of the policy to your needs.

You want the policy to last as long as it takes for your dependents to leave the nest - or for your retirement income to kick in. Buy enough term coverage to fill your needs. Be assured that if a large claim is made, the insurance company will investigate before paying.

5. Keep your investing and insurance strictly separate.

There are better places to invest - and without the high commissions of whole-life policies.

6. Use the Web to shop.

Buying life insurance has never been easier, thanks to the Internet. You can get tons of quotes - and avoid the pushy salespeople.

7. Meet a Professional Financial Planner.

Financial planner helps you to find the best life insurance policy for your needs. You may need to compare a few policies before selecting the right one for you.

8. Investigate the Insurance Company.

Is the insurance company registered in Insurance Commission? Check their assets and liabilities, company background or visit their website.

Keep yourself updated since the world is constantly changing.

Shop Online Using EON Visa Debit Card

Shopping online is now more convenient, safer, and easier. I've got my EON card last September 2008, and I try to purchase my favorite e-book online at Clickbank, after putting all the required filled in the order slip, I am able to download the SEO Tips e-book.

A lot of features on this card, I also verified my premier Paypal account too. Now I could send and receive money anywhere outside my country (Philippines). I can also transfer funds from any bank account and pay my bills online, so no more hazels to fall in line all you need is a descent computer with internet. Transactions history will be reflected on your account, just log-on to your account and view history.

How to apply one for you? Visit their site or go to the nearest branch of Union Bank of the Philippines, it will take you around 1 week to receive your card, a 350 pesos annual fee will be charge to you. No maintaining balance required.

So what are waiting for apply one now and shop online!

Philamlife Policy Plan Holders

I am a client of Philamlife and I have been monitoring closely my two Educational plan policies for about three years now, and I have no intention to withdraw my investment despite the rumors.

Philamlife is a Giant company and has the strongest balance sheet in the industry according to the Insurance Commission. Currently, Philamlife is the venerable market leader in the life insurance sector, with P 108 billion assets as of December 2007 represents one-third of the entire sector.

Panic and misinformation can cause a country’s economy to fail, so people could run wild and make wrong decisions due to fear. My question is, What if you withdrawn you’re policy and after a day or month something happen to you?

Sta. Arcadia Estates – Cabanatuan City

The premiere subdivision of Cabanatuan City, Avida Residences Sta. Arcadia, the first Ayala community in the north with an expansive 62 hectare estate. Launched in 2003, ARCE Phase 1 is a 20 hectare mixed residential and commercial development. Its architecture and design draw inspiration from Mediterranean region of Southern Europe, suitable to Cabanatuan’s year round sunny weather. With its proximity to the Maharlika Highway, and only 2 kilometers from the city proper, residents could easily conduct their daily businesses whether in or out of Cabanatuan. Sta. Arcadia Estates also boasts verdant landscapes, sports and recreation facilities and public areas that are strategically linked to the main park which incorporates the Clubhouse.


Avida Residences Sta. Arcadia, makes you feel secure in a lot of ways. Fully developed with gated and guarded subdivision, flood free development, cemented wide roads, assured water and power supply, green open spaces, tree-lined roads, and village management support by Avida.

You can bond with your family together in the central amenities area, which include a multi-purpose hall, family and kiddie pool, basketball court, playground, picnic area, and jogging path.














Sta. Arcadia Estates realizes your dreams of owning a masterpiece of residential unit, with the option to pay on In-house financing scheme and special bank financing. Formore details please click here.

10 Tips for Financial Freedom

Why is it that Filipinos, particularly Overseas Filipino Workers (OFWs), work so hard to earn money and yet do not work as hard to keep it? After many years of hardship, they end up with just the same, or even less than what they had when they first left.

Pay attention on the following tips, organize your financial plans and you need to review them regularly.

1. Pay Yourself first. How much will I save? Ideally you can save as much as 20%-40% of your monthly income.

2. Define your financial target at each phase. Set your financial goal must be based on whatever phase in life you are in financially.

3. Stop spending on things that decline in value. Before you buy ask yourself if you really need it or whether or not you can really afford it. Determine what your needs and wants.

4. Protect your greatest income generating asset yourself. Your family depends on your ability to generate income. They will suffer a serious financial loss if you are no longer able to generate income for them. It is important to cover yourself with insurance.

5. Grow with the economy and beat the inflation. You also have to consider where you are putting your money. Your savings and investments should always generate an income that is higher than the inflation rate.

6. Trust the power of compound interest. Using compound interest can make you earn four times more for the same amount of savings over the same period of time.

7. Assess risk and options, "The higher the risk, the higher the return". There are risk in every transaction. Understand the details of every transaction and identify what kind of financial risks are applicable.

8. Make money work for you, the power of leverage. Leverage is borrowing money for a good purpose provided the money receives from the loan is able to generate income to pay the loan.

9. Invest and diversify. You should spread the risks. You must never place all your eggs in just one basket.

10. Use the power of one. Look into the option of banding together into cooperatives and the like.


Reference:
Colayco, F. J. Wealth within your reach, Pera mo palaguin mo!. Manila. 2004

Insurance Companies in the Philippines

LIFE INSURANCE INDUSTRY RANKING
Based on their Total Premiums

"Protecting yourself should be your first priority."

Here are the most trusted Insurance Company's in the Philippines. Hope you'll find which company is best to earn passive income from you're money.

1. Philam Life Insurance and General Insurance Company
2. Sunlife Philippines
3. Insular Life Philippines
4. Phil Axa Life Insurance
5. Manulife Philippines
6. Prulife UK Philippines
7. Cocolife Philippines
8. Ayala Life Insurance

Source: 2006 IIAP Statistical Summaries