Category Archives: Financial Literacy

Paano Nakalaya ang Isang OFW Mula Sa Barko at Umuwi sa Pamilya sa Pilipinas

I-share ko lang po sa inyo ang kwento ni Randy and Christy

Ako po ay isang OFW as a Seaman, Randy Cañete.

Randy and Christy Cañete

Meet Randy and Christy Cañete. Randy says: “Ako po ay isang OFW as a Seaman, Randy Cañete. At sa loob ng 16
na taon. Sa loob ng 16 years na paghihirap at pag titiis na malayo sa Pamilya para kumita ng pera….”

At sa loob ng 16 na taon. Sa loob ng 16 years na paghihirap at pag titiis na malayo sa Pamilya para kumita ng pera
….14 years duon ay walang naitabi
…walang naipon at walang investments na bubuhay sa akin at sa pamilya ko kung saka sakaling bigla akong mawawalan ng trabaho
… (mapaaway o nadisgrasya sa barko).Ito siguro sa kadahilanang nagbago ang aking lifestyle ganun din ang aking pamilya
…lumaki ang aking kita pero mas lumaki ang aking gastusin at bayarin dahil sa aking naging
Lifestyle
….Negative cashflow dahil sa “Instant Gratification.” Bili dito, bili duon,pasyal
dito, pasyal doun. Nakalimutan ko na ang”Delayed Gratification” at matutong mag-ipon at mag-Invest para malaguin ang aking Hard Earned Money na syang magpapaginhawa at buhuhay sa aking pamilya sa oras ng wala na kong trabaho.

Salamat sa Dios at sa aking masidhing kagustuhan na matutunan ang wastong Financial
Literacy na natutunan ko sa pagbabasa ng mga Financial Books, pag aattend ng mga Seminars at higit sa lahat sa Opportunity at importanteng kaalaman sa buhay at ispritwal na ibinahagi sa aming mag-asawa ni Bo Sanchez at ng International Marketing Group that really changed
my insights how to handle hard earned Money and make them that Money work hard for me and for my Family. It teaches me and my wife too how to be a good Entreprenuer.

ps: sa ngayon po ay nakalaya nako sa pagiging alipin sa barko dahil 3 years narin ako dito sa Pilipinas kumikita gaya din ng kinikita ko sa barko.

pps: Kasama ko na pamilya ko at napakasarap ang buhay na makitang lumalaki ang aking mga anak at nagagabayan sila ng maayos at may suportang “Moral”.

PPPS: Para marating mo ang isang bagay, It is Important to know where you are right now muna. Answering this FREE survey will help you and your Family’s Future –> https://goo.gl/WpHJlP

AVOID SCAM AND PYRAMIDING! BE FINANCIALLY LITERATE!

Meet Randy and Christy when they conduct our FREE “Saving Your Future” seminar on Practical Money Management Techniques, in Dasmarinas Cavite. Christy normally conducts the Friday sessions.

Mayroon ding seminar sa:

Dalawang Kwento – Si Maid at si Shopping Girl

I-Share ko lang sa inyo ang dalawang kwento.
Alam ba ninyo?

Bo's Maid and OFW Wife

Dalawang Kwento – si Gina na maid ni Bo Sanchez at si Shopping Girl (OFW Wife?)

Bo Sanchez’ Maid Loves to Save and Invest!  Nagsimula siya in Feb 2010,

  • May monthly salary: P7,000
  • May monthly savings/investment: P 2,000

Ngayon,  after six years ( maid/bookkeeper na siya! )

  • May investment na siya sa stock market na worth P862,593 ( according to Bro, Bo Sanchez last May 2016)
  • Mas malaki na ang monthly investment niya rin!

Si OFW wife (imaginary person) natuto mag-WORKSHOP.
Si husband nagwo-WORK, si wife, nagsa-SHOP!

  • May monthly salary (from husband): P100,000
  • May monthly savings: ZERO
  • May monthly personal shopping budget: P10,000
  • May ni-re-rent na condo for P20,000
  • May kotseng Fortuner ( on car-loan )
  • May Galaxy tab, iPhone, laptop at maraming pang gadgets (on installment)
  • May P200,000 na utang sa credit card
  • May utang sa SSS, PAGIBIG, company loan, financing loan, cooperative, paluwagan, kamaganak, kapitbahay, atbp.
  • Walang savings or investment.

Tutularan ba natin si Maid mag-save and invest, o si Shopping Girl na mag-shop and spend?

It’s not what you make, it is what you keep!
Do you control your money, or does money control you?

Gusto ba nating mag-Tipid?
Gusto ba nating mag-Ipon?
Gusto ba nating mag-Palago ng pera?
Gusto ba nating mag-Saya pag retire natin??

Learn how to control your money, in our FREE Build Your Future Seminars!
We teach Filipino Families how to save and invest!

Mag-attend sa FREE Practical Money Management Techniques Seminar sa

*My friend Gina, Bo Sanchez’ maid, is now Bo Sanchez’ bookkeeper. She earns more, she saves more, and she will retire a millionaire. Gina, you are an inspiration to many many people!

Bo Sanchez’ other maid and driver are also saving and investing, and expect to be millionaires too, when they retire!

Download a free copy of “My Maid Invests in the Stock Market” at http://bit.ly/WatchBoSanchez

Can you Save a Little to Save a Lot?

Cut costs on the things you don’t need now, to get the most important things you need in the future: kid’s education, house, car, dream vacation, retirement and health care fund.

You can make a fortune by making small changes today.

Do you drink softdrinks? Twice a day? Everyday?
Do you buy hot coffee? Twice a day? Everyday?
Do you smoke? A pack a day? Everyday?
Do you have your hair fixed? If straight, curl it. If curled, straighten it. Every month?
Do you eat junk food?

Think about non-essential sale items. Many buy P 1,000 non-essential sale items per month. Times 12 months is P 12,000.

Is P 12,000 a large amount for savings? It probably is!

Think about softdrinks. Softdrinks probably cost P 20 per can. Twice a day is P 40. Times 30 days per month is P 1,200 per month. Times 12 months is P 14,400.

Is P 14,400 a large amount for savings? It probably is!
Is P 20 a small amount to save? It probably is!

Think about cigarettes. It probably cost P 50 per pack. Times 30 days per month is P 1,500 per month. Times 12 months is P 18,000.

Is P 18,000 a large amount for savings? It probably is!
Is P 50 a small amount to save? It probably is!

Think about junk food. Junk food probably cost you about P 100 per pack per day. Times 30 days per month is P 3,000 per month. Times 12 months is P 36,000.

Is P 36,000 a large amount for savings? It probably is!
Is P 100 a small amount to save? It probably is!
cost
Learn more about financial literacy, attend our Free Financial Seminar

But if we do not want to completely give up softdrinks or junk food, or cigarettes or non-essential items, maybe we can just cut-down? Half the annual amount is still a lot of money!

Resolve to cut down on a lot of small expenses. Small savings many times, over the days, over the months, over the years will allow you to save a lot of money!

Do You Love Your Family?

Give your Christmas gift to your most important person in the world!

This time of the year is when most employed Filipinos get their 13th month pay, and/or Christmas bonus, when we become generous, and we begin thinking of Christmas gifts for all our loved ones.  Remember to give your Christmas gift to the most important person in the world.  YOU!

Now, why am I identifying you as your most important person in the world? Am I telling you to be selfish?  Nope.  Nothing could be further from my intention.

  • Do you love your family?
  • Do you carry any significant financial responsibility with growing children or aging parent?
  • Are you concerned about lack of savings, or investments for your retirement or kid’s college education?
  • Are you concerned about what would happen to your loved ones in case you pass away early?
  • Are you concerned you would be a burden to your children in your old age?
Do you love your family?

You are your most important person in the world, because you are responsible for your loved ones, because your loved ones need you, because they depend on you. To protect your loved ones, you must protect yourself.

If you answered “Yes” to any of these questions, then You are your most important person in the world, because you are responsible for your loved ones, because your loved ones need you, because they depend on you.  To protect your loved ones, you must protect yourself.

If today, you are earning and financially support your loved ones, you provide financially for their present and future needs.

  • Do you want to have the means to get sufficient medical benefits, to ensure you can continue to be productive?
  • Do you want to have emergency cash and medical protection even if you lose your current job?
  • Do you want your loved ones to receive substantial cash if you pass away early?

And in the future, when you have retired, or when you are no longer able to actively work to earn for your daily basic needs for food and shelter

  • Do you want to free your loved ones from financial burden of supporting you?
  • Do you want to free your loved ones from responsibility for your medical bills?
  • Do you want to enjoy a retired life of comfort with your loved ones?

If you answered “Yes” to any of these, your Christmas gift to your most important person in the world, to YOU, is simply to START.

  • Do you want to start earning additional cash in your spare time, learn how to make money, and learn how to avoid bad debt?
  • Do you want to start investing in short term health protection, long term health protection and life insurance?
  • Do you want to start investing for your children’s education, for your retirement, for your dream home, for your dream vacations?

You can start by attending our Practical Money Management Tips seminar in Makati, or our financial seminars in Quezon City, Calamba and major cities.

Meet Joen dela Peñas (an Interview by Bo Sanchez)

This article was originally published in Kerygma June 2008 | An interview By Bo Sanchez.
International Marketing Group’s mission to spread literary is most visible via the numerous FREE financial literacy seminars in Makati and major cities in the Philippines.

We met at a most unlikely place – inside an airplane. I was bumped up to business class and he was seated right beside me. Since then, Jose Enrique (Joen) de las Peñas became my mentor in investing.

Bo Sanchez and Joen de las Peñas

Bo Sanchez interviews Joen de las Peñas, whose mission is to grow your money. Save the right way, not the wrong way.


Joen has a mission: to change the adage that “the rich get richer and the poor get poorer.” He believes that “the average person, even the poor, has an equal chance to become wealthy if given the right information.”

Joen certainly knows what he’s talking about. He is a registered financial planner and has more than 12 years of financial management experience. He sits as the president and chairman of the board of International Marketing Group (IMG) Insurance Brokers Corporation.

Joen is certainly one guy I learn so much from every time I talk to him.

Bo: I still remember your dialogue. You said, “I like your book.” I think you read Simplify and Create Abundance. And then you said, “Can I share some more to you?” In other words, you were trying to say, “You still lack some knowledge.” But I truly appreciate all the financial knowledge that you have shared with me all these years.

Joen: That’s true. I read a lot of your books. It’s always been my dream to meet you so I could tell you a bit more about financial services, about the mission that we do. I know that you can help spread what we know, so it was a good chance to let you know all the things that we know.

Bo: Can you share with us this mission, this crusade in your heart that’s been driving you for the past 10 years?

Joen: It’s about the statement “the rich get richer and the poor get poorer.” Our mission is to change that. The rich get richer, it’s good. But the average person also has the right to become wealthy and I know that with the right information, he will have the same opportunity as the wealthy people.

Bo: That’s wonderful. So the rich, yeah, they can get richer, so long as they share their riches. But you’re saying now that the average person can become rich as well.

Joen: Yes, if the average person understands what the wealthy people are doing, if he understands the right financial vehicles, then there is no reason to be poor. Sadly, the average person focuses on different things while the wealthy people focus on how to become wealthy and successful.

Bo: Can you give some specifics?

Joen: If I ask the average person, “What is the rate of return on your savings?” most of the time he does not know. But ask him about the rate of return on his debt, he’d know. It’s always at the back of his mind. But the wealthy people – they know the rate of return on their savings, when it will double, how much their money will be in so-and-so years.

Bo: You know, just yesterday I went to my bank and they gave me this leaflet on new interest rate. I was so shocked – it was 0.75% for a year! I thought it was at least 1%.

Joen: And that’s still gross. You still have to deduct 20% withholding tax. What a lot of people do not understand is this: that the bank is a good vehicle for business; but for your own personal savings, there are lots of other financial vehicles that you can use.

Most people think that by saving they’re already doing something right. But the fact is, you couldsave the right way and save the wrong way. And saving the wrong way, at the end of the day, will not change anything.

Bo: That’s a very important point. You know, Joen, my role is to give people the capacity to have a vision. I give them the capacity to dream. I remove their limiting beliefs – that I can’t do it, that I’m poor. So you’re absolutely right. People don’t have a vision of doubling their money.

Joen: A lot of people are like that – they do not understand that with a meager rate of return on their savings, they will never have a chance to become wealthy. But I can show you a way that, even if you save P20,000 for six years with a total of P120,000, over the years as it compounds, it can be P9.5 million.

Bo: Wow. So you’re saying, Joen, that if the average Filipino can save P1000 or P2000 a month, they can become a millionaire over time? But they need to know how to save, where to save.

Joen: Yes and at the same time they should have a vision where their money is going and how exactly their money can grow. All of us work hard for the money. But eventually if we know how to handle money, money can actually work for us. We can be the boss of our money and not the other way around.

Bo: OK, you’re saying, don’t put it in a bank, use the bank for business as loans, maybe business loans. But tell us, what vehicles are you talking about that can make one a millionaire over time?

Joen: One of the widely used financial vehicles right now, even is the US and Europe, is the mutual fund. In a mutual fund, your small amount of money becomes part of a very big fund. If that fund earns 12% or higher, whatever savings you have there will have an equal rate of return as the whole fund. Many people think that the mutual fund is for the wealthy. But in fact it was created for the average persons to earn equally with the wealthy people.

I look at a lot of Filipinos and they’re very focused on how to make money but that’s only 50% of the equation. The other 50% is learning how to let their money go back to them much faster.

Bo: That’s true. Is it safe to invest in a mutual fund?

Joen: A mutual fund is regulated by the government and managed by a professional person to let the money grow. It’s one of the safest vehicles to let your money grow and to have the best rate of return. They have what you call asset allocation. The fund is spread correctly and all that the fund manager does is to think how to let the fund grow. And because of regulation, it’s a very safe vehicle.

Bo: I’m sure we could go on and talking about this wonderful topic. One last thing before we end. You said that in the US, 20% of the people there put their long-term savings in the bank, but 70 or 80% put their money in mutual funds already. In the Philippines, it’s the opposite. Not even 1% of our people invest their money in mutual funds. And so you have a long way to go.

Joen: Yes, there are a lot of things to be done. But I believed that with the right information we can actually become like the US and there will be more money in mutual funds compared to the regular savings in the bank.

This article was originally published in Kerygma June 2008 | An interview By Bo Sanchez.
International Marketing Group’s mission to spread literary is most visible via the numerous FREE financial literacy seminars in Makati and major cities in the Philippines.

Free Financial Literacy Seminar

The Free Financial Seminars Now in Key Cities

Building Your Future

Take Control of Your Money!

Bring yourself, your family and friends to a FREE Personal Financial Coaching And Financial Literacy Seminar by the IMG – Truly Rich Maker Team.

To register for the seminar in

This is your path to financial freedom! We’re empowering people on money matters!
Become an expert in personal financial management. Budget, save and invest wisely.
Be Financially Fit! Get out of the rat race and start your journey to being Truly Rich!

*IMG-Truly Rich Maker Team will be conducting the seminar, NOT Bo Sanchez

Taking Control of Your Money

‘Building Your Future by Taking Control of Your Money’ is your first step to financial literacy

Is Money Controlling You? Or Do You Control Your Money?

With the IMG Financial Foundation Educational Program, you will learn how to:

  • Make money work for you
  • find and save more money
  • understand investments and build wealth
  • Protect and preserve your money

You can become your own Money Manager.
You can learn the habits of successful people.

Start by attending our FREE Build Your Future – Controlling your Money Seminar.
This is a two part seminar; a one hour lecture/presentation followed by personal financial coaching.

The seminar will discuss:

  • Challenging Future
  • Control Your Future
  • Do You Know How Money Works
  • Do You Know About Savings and Investments?
  • Do You Know About Life Insurance
  • Do You Know About Long Term Health Care
  • Do You Know About the High Cost of Education?
  • Protecting Your Future

After the seminar, you can apply for  IMG membership.

IMG members enjoy many benefits:

  • Lifetime Financial Education Workshop
  • Lifetime Financial Check-up
  • Discount on Major Real Estate
  • Asset Preservation Service
  • ZERO Load on Top Mutual Funds
  • Discounts on Car/Home Insurance
  • Access & Discounts on Life/Health Protection & Services
  • Access to Investment/Retirement Products
  • Build a Business in the Financial Industry
  • Subsidized Travel to Different Countries

Enroll to learn!

Have you ever attended seminars and workshops, and realized after the event, that you needed answers to some questions? Have you ever wished you can attend some seminar segments again, without paying for them again?

IMG members can attend our workshops any number of times, and get answers from the mentors/trainers

  1. Workshop. Increasing Cashflow. Debt Management
    • Analyzing your expenses.
    • Determining your worth.
    • Getting out of debt.
    • Becoming your own money manager.
    • Increasing your cashflow.
  2. Workshop. Building a Strong Financial Foundation. Proper Protection.
    • The X-curve. The law of increasing money and decreasing responsibility.
    • The DIME method.
    • Types of Life Insurance
    • Long term health care
  3. Workshop. Building Wealth. Asset Accumulation.
    • Wealth Formula.
    • The Hidden Cost of Waiting.
    • The Rule of 72. Understanding Interest.
    • Peso Cost Averaging.
    • Mutual Funds.
    • Passive vs. Active Management.
    • Saving for your Children’s Education.
  4. Workshop. Retirement Planning. Wealth Preservation.
    • Retirement Income
    • Estate Planning
    • Asset Preservation
  5. Workshop. Building a Business in the Financial Industry.
    • Do you know what you want?
    • Building a New Industry
    • Solution for the New Age
    • Be Part of Something Big
    • Travel the World!

Attend Seminars, Workshops and Trainings Any Number of Times
IMG members can attend advanced classes any number of times!
IMG has advanced classes for various financial concepts, products and services to enable members to better understand them.

Product Trainings
Learn financial products, industry trends and opportunities from the providers themselves!
We have regular product training for members, from our partner-providers. Learn about:

  • mutual funds, concepts, investment strategies and market trends from Rampver Financials
  • the many advantages of long term healthcare, about the differences of short-term vs long term healthcare, the differences between regular and senior-care short term health protection products from Kaiser International.
  • life insurance, the difference betweem term, endowment, whole-life and VUL, IUL insurance from Philamlife.
  • ongoing real estate projects, real estate investment strategies from SMDC, Vista Land, DMCI and Ayala Land.
  • asset preservation, setting up family corporations, maintaining corporations, from APS.
  • many other financial products and services from the other providers.

Enroll to invest and save on financial products!

Do you want to be free of debt?
Do you want to start saving?
Do you want to start investing?
Do you want to retire early?

Do you want to know how?
It starts with financial education and understanding how money works!


“I am recommending that you join these Meetings/Seminars in Makati because you will be guided how to grow your finances and become financially free!”

Click here to register for the seminar in

The Abundance Formula

The Abundance Formula

This is essentially the quick guide to the Abundance Formula.

The Poverty Formula

Many people are poor because they follow a very simple financial formula, which we call the Poverty Formula

Income – Expenses = Savings

This means people think of spending and paying others first before paying themselves.  This is why people remain poor.  If one is currently earning P20,000 per month, one thinks he will forever earn P20,000 or more.  Thus he spends P20,000 per month.  If anything is left over, he plans to use it as savings.  But more often than not, people spend the entire P20,000, and sometimes even more.  When they spend more, they go into debt, and begin spending money they have not yet earned.  This is a vicious cycle, and people go deeper into debt.

The Abundance Formula

We teach people to use a different financial formula, which we call the Abundance Formula.

Income – 10% Tithes – 20% Savings/Investment = Expenses

In this formula, we teach people to give 10% of what they earn as tithe, and 20% for savings and investment.  Then spend the remaining 70% on their other expenses.

Details of this formula are beyond the scope of this article ( and Brother Bo Sanchez wrote an entire book aptly titled “The Abundance Formula” to explain this simple formula, enumerating four simple steps that make good people rich ), but essentially it means pay yourself first, and save/invest 20% of your earnings for your future.

The Abundance Formula actually makes life very simple.  If one makes P20,000 per month, he gives 10% tithe (P2,000) to the Lord , saves 20% ( P4,000 ) and allocates P14,000 for expenses.  If one starts at age 25, a monthly investment of P4,000  translates to P48,000,000 (yes, P48 million) at age 65 if invested at a modest12% per year, or P88 million if invested at 14%.

But I am in Debt! How Can I Save When I Am In Debt?

The Abundance Formula works well even when you are currently in debt.  Use the 20% (or more) to retire your debt ( making sure you do not incur more debt ).

How Can I Save 20% ?

Many people say “But I spend 110% of what I make, how can I possibly live on 70% of my income?”

There are some who find it really difficult to make ends meet ( like if you are sending several kids to college, or feeding an extended family). But most people can find savings if they really want to.

Every P1,000 a month savings translates to at least P1M in 20 years.  That is only P33 per day.  Can you save P33 per day?

How much do you spend on softdrinks?
How much do you spend on junk food?
How much do you spend on Starbucks coffee, or C2 Iced Tea?
How much do you spend on short jeepney and tricycle rides?
How much do you spend on cigarrettes?
How much do you spend on cellphone load, lotto tickets?

Can you save a few hundred pesos every few weeks?

How much do you spend eating out?
How much do you spend in the movies?
How much do you spend in the beauty parlors? Spas?

Can you save a few thousand pesos every few months?

How much do you spend on gadgets?
How much do you spend on vacations?

Add up all the savings and if invested properly, each P1,000 can turn into P1,000,000 in 20 years.  For example, if you can save P3,500 per month, that can turn into P3,500,000 in 20 years.

Of course one should enjoy life and fruits of their labor, but just make sure what you spend for enjoyment is within budget in the 70% for expenses and not in the 20% for savings/investment.

Expand Your Means!

It is more important to increase your means than kill your dreams.  If  70% of P20,000 is not enough, do not take from the 20% you use to pay yourself.

The preferred way to savings is to find ways to expand your means and earn more.  Remember 70% of P30,000 is P21,000, which is even more than P20,000.   If you want to spend more, simply earn more.

If you are working for money 8 hours a day, five days a week, you have three options:

  1. work for money for more hours,
  2. work for money for more days, or
  3. make money work for you

Doing (1) or (2) is “easy” but you can only do so much because there are only 24 hours a day, and 7 days a week.  If you want to earn more and be rich, you need to be financially literate.

This will be a topic in a future article.

Attend a FREE Financial Planning and Coaching Seminar in Makati. to get you started with Financial Literacy.

Should You Join IMG?

By J3 Patino

Should You Join IMG? Should you Own a Kaiser Plan?

There are THREE ways to look at IMG. You can look at it as a (1) School, (2) Investment, (3) Business Advocacy.

"I really love IMG business, because it is NOT about money, but it is about HELPING people."

“I really love IMG business, because it is NOT about money, but it is about HELPING people.”

IMG as a School

The initial training you attended was just 1 of the many available trainings in IMG about different financial instruments. Also, as a member you will have a chance to network, discuss and consult with other members who are also financially “aware”. IMG is a great community of financial literacy advocates and practitioners.

If want this, then all you have to do is to become a member of IMG. The membership costs about P3,700 (fees may change overtime). This will grant you access to the ‘higher series’, and of course the people would be more gladly help you achieve your goals.

(Insider’s Note: The person who invited you will not get compensated in any way if you do decide to become a member. The fee should cover for your starter kit, trainings and license, which will be discussed in the later section)

IMG as an Investment

Remember that IMG is a financial brokerage. And aside from the Kaiser plan, you can also purchase mutual funds, insurance, real estate and other instruments from its partners. If you plan on just investing with IMG partners like Kaiser (HMO), or PhilamLife (Insurance) or PhilEquity (Mutual Fund) or Ayala Land(real estate) or any of the financial product providers it represents , then it is going to be more convenient for you since it’s just a one-stop shop. You will be dealing with just one person for all your insurance, healthcare, mutual fund, and even for estate planning. And more important than convenience, you can also be assured that the person you’re dealing with is someone who is financially educated, and not just a product pusher of whatever his company is selling.

To get an investment from IMG, then simply approach the person who invited you and ask them what the available and recommended products are, given your specific goals.

(Insider’s Note: If you do purchase any product, then the person you buy from and the person who referred you will earn a commission. This practice is pretty standard in all sales industries.)

IMG as a Business Advocacy

IMG can also be seen as a business, wherein you would be spreading financial literacy to Filipino’s all over the world, and be financially compensated for it. (As mentioned early in the post, IMG is an education focused business). So as you spread financially literacy, you will meet 3 different people:

  1. People who would ignore you.
    You pray for these people and hope they will be more financially responsible.
  2. People who would want to apply what they learned from you.
    You teach and recommend investments here. If they buy, you earn a commission!
  3. People who would want to join you in your advocacy.
    You train them how to do the same and you will earn royalty fees.

Note: There are already existing training seminars that will teach you how to do this step-by-step. So even if you do not have a finance background, part of the IMG training is of course learning how to apply it in your own life first. Remember the quote:

“To learn, READ. 
To know, WRITE. 
To master, TEACH”. 

If you do IMG as a business, then it is part of the training wherein you will learn how to master financial literacy, because you will be teaching it to others. This is a much harder path to do, but it is also more financially rewarding.

To do IMG as a business, you will have to:

  • Become a Member (Pay the P3,700 fee and start attending trainings), THEN
  • Purchase the Kaiser Health Plan.

The details of this can be discussed by the person who invited you or introduced you to IMG.  When you do IMG as a business, you become a broker for all the financial product provider-partners of IMG (yes, you become a broker for Kaiser, for Philamlife, Ayala Land, etc), and thus eligible to earn commissions on sales.  You could grow this business with no capital, guided by a team of business mentors ( but details are beyond the scope of this article ).

So that’s all for this article! I highly recommend that you get back to the person who invited you and let him or her know if you want to go with IMG as a School, Investment or a Business. (You can also say none of the options, that’s not a problem – just let them know!).

If you have any questions, I’m sure the person who invited you will be happy to discuss it with you. For now, I hope that this article has helped you understand what is IMG, Kaiser and how it can help you achieve your financial goals.

About J3 Patino

J3 PATIÑO is a personal finance consultant dedicated to teaching Filipinos around the world, how to achieve financial freedom and financial abundance by understanding the world of money, in a simple, practical and very-easy to understand way.

J3′s books, videos, seminars, and posts inspire tens of thousands of Filipino’s all over the world from different walks of life – from students, young professionals, starting families, to OFWs,  entrepreneurs and executives. J3 is also a member of the Registered Financial Planners (RFP) of the Philippines, a former faculty member of the University of the Philippines, and most importantly a lifetime student of student of personal finance.

Bridging the gap in health care

Kaiser : Bridging the Gap in Healthcare

by J3 Patino

What is Kaiser?

Kaiser HealthGroup International is the healthcare partner of the International Marketing Group (IMG). It is a lesser known Health Maintenance Organization (HMO) compared primarily because it’s focus is on the individual family clients (and not the corporate accounts). The reason why Kaiser was created was to address the LACK of long-term healthcare provided in the country.

Why Do We Need Long-Term Health Care?

Typically, an average Filipino employee would have a healthcare plan provided by his/her employer. This is certainly very beneficial and helpful to the employee and his dependents, and this covers for the person’s SHORT-TERM healthcare needs.

But what happens when the person has to leave the company? What if he is already forced to retire, or perhaps was made to be redundant? The healthcare benefits will also disappear! I honestly find it quite sad that when people get older, that is the time they will most likely need a healthcare plan, but that is also the time when they won’t have it already.

This is the BIG GAP in healthcare. Everyone has the typical short-term plans, but no one is preparing them for the future – a time when they will no longer be covered by any company, and a time where medical and hospitalization expenses would most likely be in the millions. This is the need that Kaiser is solving, one family at a time.

The Kaiser Short and Long-Term Plan

During the seminar, the Kaiser 4-in-1 plan must have been discussed to you. Depending on the skill on the speaker, there are some things that might not be really clear to you, so let me simplify it.

The Kaiser plan has 3 phases:

Phase 1: The Accumulation or Paying Phase (Year 1-7): For the first 7 years you will be paying for the plan. During this time, it works like a typical HMO wherein you have an annual benefit usable for hospitalization expenses. (There are a couple of bonuses like the Annual APE, and Dental Benefits, but honestly I think these shouldn’t even matter in your decision making).

Comparison to Other Providers: During this phase, the kaiser plan addresses the Short-Term healthcare needs. When compared to other healthcare providers, this plan is actually very sub-par. Short-term healthcare is definitely NOT this plans strong point).

Phase 2: The Growth Phase (Year 7-20): During this phase, you have completed all the payments and all you have to do is WAIT and let the plan mature. At this point your plan will have a starting cash value, that you can also use for medical expenses. The money is invested in government and corporate bonds, which are expected to yield 5-8% per year.

Comparison to Other Providers: During this phase, the Kaiser plan is still there for your short-term needs. The money is still growing at this point and it is at this phase when the Kaiser plan starts to step-up and be more competitive with the other health providers.

Phase 3: The Maturity (Year 20 and beyond): At the plans maturity at year 20, several bonuses will be awarded like the Long-term Care Benefit and Bonus. Plus about 85% of the premiums will be returned to you if you didn’t use the plan during the earlier phases. Here the cash value of your investment would also be good as cash – meaning you can use it for anything, not just hospitalization and medical expenses.

Comparison to Other Providers: At this phase, Kaiser stands out because most healthcare providers are already TOO expensive (Try this: add 20 years to your age now, and inquire how much a healthplan will cost….) Meanwhile, your money with Kaiser has already accumulated (and depending on the plan you chose, your Total Health Benefits would be upwards of P500,000 all the way to several millions).

All in all, I think the Kaiser plan is a great compliment for those who have existing healthcare plans (especially if its provided by your employer). This way you’re covered for both your short and long-term needs.

Where the Kaiser Plan Fits

As you learned in the seminar, there are 6 steps to financial freedom.

  1. Increase Cashflow (by increasing income and decreasing expenses)
  2. Manage Debt (by debt consolidation and eliminating it)
  3. Create Emergency Fund (Save 3 to 6 months of your expenses)
  4. Ensure Proper Protection (Portect for medical emergencies, and risks)
  5. Build Long-Term Savings (through investments)
  6. Preserve Estate (through estate planning)

Where does Kaiser Fit into the Picture?

Kaiser is in the 3rd and 4th step of achieving financial freedom. While investing in the stock market is at the 5th step already. And to build a solid financial foundation, these steps must be STRICTLY FOLLOWED.

(Imagine a child asking for dessert BEFORE even eating the main course and the vegetables. Would you, as a responsible parent, actually do this even if the child wants it so badly? Of course not! That would be very unhealthy, and it would ruin the whole point of eating (which is to make us healthier).

It’s the same thing in building a solid financial foundation. No matter, how good investing may make you feel, if not done with the right foundation it is also unhealthy. The right way is to Have a source of income first, THEN make sure you don’t have any high interest debts… THEN save and secure yourself with insurance and healthcare, THEN that’s the only time you invest.

Should You Get the Kaiser Plan?

Affiliate Disclaimer: I (along with your IMG financial coaches) will receive a commission should you decide to purchase a Kaiser plan through us. But as an independent and Registered Financial Planner, I will only recommend the plan if it suits your needs.

So let me start off with who should NOT get the plan..

PLEASE DO NOT get the plan IF:

  • You have no source of income.
    The unemployed, children and students are a big-no no. Retirees can get the plan only if someone else will cover for it, and you have savings that will last you at least 3 years.
  • You are buried in high-interest debts.
    If you cannot fully pay your credit cards, then please repay them first. Auto and Home Loans are okay since these are more acceptable interest rates.
  • You cannot save more than 10% of your salary.
    Focus on increasing your income and decreasing your expenses first. Learn how to budget and save first. Learn how to increase your income before moving on to the higher stages.

If you belong to any of the above, you can still come to IMG for coaching, but it is really not recommended that you get the health plan. Put the first things, first.

If you DO NOT belong to any of the above, then you can consider getting the plan. For this, I will simply rank it if it’s excellent, very good or good for you to get a plan:

The plan is EXCELLENT for you IF:

  • You are a young professional and you are already covered by your employers health benefits.
    This is a perfect compliment to your short and long-term healthcare needs. This is actually also very good because if you do not use the Kaiser plan in the early phases, you get the 85% return on your premium. So you current plan acts like a BUFFER to your Kaiser plan.
  • You are self-employed with no form of health/medical benefits.
    The bonuses are really valuable here like the insurance, APE, and of course the health plan. It being a 4-in-1 (savings, insurance, short and long-term healthcare) is also very convenient for your complicated and busy lifestyle.
  • You are an employee planning to transition into business.
    One of the fears that employees cling on to are the ‘benefits’ in the company. This almost always prevents them to take the leap of doing what they truly want to do. When you have your healthcare covered, at least you’ll have a safe foundation as you venture into the unknown.

The plan is VERY GOOD for you IF:

  • You are an established family man/woman in your 40’s to 55’s.
    Given that the plan takes 20 years to mature, it would just be in time for your retirement years.
  • You plan to grow old SINGLE.
    Not to assume anything about your future, but generally you will have less people to rely on in your old age. (Both socially, and financially). Having to hiring a personal caregiver is also very possible so it would be good to prepare as early as now.

The plan is GOOD for you IF:

  • You are starting or building a family.
    Healthcare is always a good thing, but the challenge in your case is the very tight budget. In this case, I would actually recommend you to focus on getting life insurance first, and really saving up for the emergency fund prior to getting additional healthcare. I would also recommend that you start saving for your child’s college tuition already if you have excess money. So invest in this Kaiser plan only when you can really afford it, and all the other necessary steps are already covered.

If you did not belong to any group above, sorry for missing out on you. But I believe with these examples, you already know the befits of the Kaiser plan.

Abouit J3 Patino

This review was written by J3 Patino – the founder of Pinoy Money Academy and an independent Registered Financial Planner. J3 helps Filipinos understand investments and other financial instruments so that they can make the right investment decisions and achieve their financial goals.

 

What is the International Marketing Group?

by J3 Patino

IMG’s Mission

The International Marketing Group’s (IMG) mission is simple,   No family left behind.

IMG seeks to make each and every Filipino family financially literate, financially stable and of course help them achieve their financial goals. And this mission is seen in their education focused marketing.

When you were invited to the seminar, it was a FREE Financial Literacy seminar. Whether or not you buy the products, you learned about:

  • the X-Curve Concept of Responsibility
  • The Rule of 72 in Investing,
  • the 6 Steps to Financial Freedom and
  • many others.

After that, you also probably received the personal coaching – depending on the skill of your coach and your willingness to participate then you could get a lot of financial insights out of this session. Again, you get all of these regardless if you choose to buy any product or not.

This is one unique aspect I’ve observed with IMG as a broker – IMG’s priority is focused on education, not sales. I think it has this luxury because most of its agents DO NOT HAVE QUOTAS. And when agents do not have quota’s they can really take their time in teaching the customer.

For instance, there was a case wherein during the coaching, the participant said that she was still buried in personal debt amounting to about P300,000. Now here’s what a typical sales agent would try to do, try to sell the person insurance or investment to cover for the debt payment in case of death… Then when the person can’t buy, then the typical agent would already move on to the next customer.

In IMG, the person was told NOT to buy anything. Instead, she was taught to focus on repaying her debts FIRST! She was also educated on tools on how to budget and coached over the long-run. (All for FREE!) It took the person 3 years to become debt-free. And all this time, the IMG coach was helping her and giving her motivation that she could do it. When she was already debt free and had an emergency fund, that was the only time when she was given advice to buy insurance and start investing. This is just one in many instances wherein it is clear that IMG is focused on helping families build a solid financial foundation, rather than making a sale.

IMG as a Brokerage

IMG is a financial brokerage. It is a distributor of financial instruments from healthcare plans, insurance, mutual funds to real estate and many others. So as a broker, take note that IMG is not the manager of any of the products, rather they act as distributors.

Meaning, if you decide to invest in IMG, you’re not really investing in IMG but with it’s product partners. If you bought PhilamLife life insurance, then you technically invested in PhilamLife, not IMG. If you bought real estate at Ayala Land or Vista Land, then you technically invested in Ayala or perhaps Vista Land, it is not IMG.

Why is this distinction important? It’s because we frequently ask, the question:

Is my investment money safe with <where you placed the investment>?

So we have to realize that in all this, you should not be asking “Is my money safe with IMG?” IMG is just the broker, it just gets a commission from the sale. It is not where your majority of your money is going to. Rather you should ask… “Is my money safe with the <product provider>?“:

Ask instead: “Is it safe with PhilamLife?”  Or perhaps Ayala? Or maybe First Metro? Or PhilEquity?

Half of being a good investor is knowing the right questions to ask. Because if you ask the wrong question, then the answer is actually quite irrelevant. With that cleared up, let’s move forward.

IMG’s Stability and Credibility

It is because of this focus on education that IMG has gained several reputable endorsements. For instance, Bo Sanchez, an international motivational speaker and preacher has repeatedly endorsed IMG publicly in his seminars. Rex Mendoza, the former CEO of PhilamLife is one of IMG’s solid partners. Fitz Villafuerte, a very prominent financial blogger, is a financial advocate of IMG. There are countless many others that will gladly and proudly say that they are partnered with IMG.

We will discuss Kaiser and the Kaiser Ultimate Health Plan  in the next articles.

About J3 Patino

J3 PATIÑO is a personal finance consultant dedicated to teaching Filipinos around the world, how to achieve financial freedom and financial abundance by understanding the world of money, in a simple, practical and very-easy to understand way.

J3 is the founder of StockMarketforPinoys.com, the remarkable online website that teaches Filipino’s how to invest in the stock market in the fastest and simplest way possible. His E-book, “The Stock Market Jumpstarter” has been shared all over the world because it has made the complicated stock market world, very easy to understand, even a grade-schooler would get it.