'KUROT' Principle...

 (MUST-READ!)

Ano ‘yung Kurot Principle? Ay, ang ganda nitong Kurot Principle na ito. To better understand this, I will tell you a story of a person na balak bumili ng cellphone worth P1,000. Nagkataong mayroon siyang P100,000 na savings. Puwede ba siyang bumili ng cellphone? Puwede, kasi yung P1,000, KUROT lang ‘yon sa kanyang savings.

May pangalawang taong balak bumili ng cellphone. Ang bibilhin niya ay worth P1,000 din. Mayroon siyang savings sa bangko na P1,000. Bumili siya ng cellphone. Anong tawag dun? DAKOT na ‘yun! Dinakot lahat ang pera niya!

May pangatlong tao, balak bumili ng cellphone, pero walang savings. P1,000 lang naman ‘yung bibilhin niya. Bumili siya. Anong tawag ‘dun? UTANG na ‘yun!

Ang tanong: ano’ng prinsipyo ang ginagamit mo sa buhay mo? KUROT, DAKOT, o UTANG?

Magtataka pa ba tayo kung bakit tayo naghihirap o baon sa utang? Ang gagaling nating dumakot! Ang gagaling nating umutang! Gusto mong yumaman? Starting today, matutong kumurot. Kapag may bibilhin, dapat kinukurot lang! Nagkakaintindihan ba tayo? Kapag ginawa mo ito, pangako, yayaman ka.

Pag-aralan nating muli ang mga pinakamayayaman sa Pilipinas, ang Chinoy. Again, bakit sila mayayaman? Ang gagaling nilang… kumurot! Tayo ang gagaling nating… dumakot! Sasampolan kita…

Pinoy vs. Chinoy Businessman

May dalawang negosyanteng nagsimula ng kanilang negosyo, isang Pinoy at isang Chinoy. Ang capital nila pareho ay P100,000.

Sa unang buwan, si Pinoy, kumita ng P10,000. Ano ang iniisip bilhin? Cellphone. Si Chinoy, kumita rin ng P10,000. Ano ang gagawin niya? Idadagdag niya sa puhunan.

So magkano na ngayon ang puhunan ni Chinoy? P110,000! Si Pinoy, P100,000 pa rin, pero may bago siyang cellphone. Ang ganda!

Ituloy natin. After a few months, maganda ang takbo ng negosyo. Si Pinoy kumita ng P50,000. Ang Pilipinong may P50,000, ano ang balak bilhin? Bibili siya ng home theater, DVD, at LCD TV! Si Chinoy, kumita rin ng P50,000. Anong gagawin niya? Idadagdag uli sa puhunan niya. Magkano na ang puhunan niya? P160,000 na!

A few months later pa, ang Pinoy kumita ng P150,000! Ang Pilipinong mayroong P150,000, ano ang balak bilhin? Second-hand na kotse o pang-downpayment sa bagong kotse. Ang Chinoy, may P150,000. Ano’ng gagawin niya? Idadagdag sa puhunan! Magkano na ang puhunan niya? P310,000!

Buwan-buwan, si Pinoy kumikita. Dagdag siya ng dagdag ng gamit. Magkano ang puhunan niya? P100,000! Si Chinoy, buwan-buwan kumikita. Ano ang ginagawa niya? Dagdag ng dagdag sa puhunan niya. One day, Chinoy was able to save P1 million! So ginawa niya, he approached one supplier and said, “Supplier, kung bibili ako sa‘yo ng worth P1 million, bibigyan mo ba ako ng discount?” Hulaan mo kung ano ang sasabihin ng supplier. “Of course, ang dami mong bibilhin, kaya bibigyan kita ng additional 5% discount!”

Ngunit naisip ni Chinoy, “Hindi naman yata maganda na sa akin lahat ang 5%. Ang gagawin ko, bibigyan ko ang customers ko ng 3% discount at sa akin na lang ‘yung 2%.” Ibig sabihin, bababa ang presyo ng kanyang mga ibinebentang produkto.

It just so happened na magkatabi ang tindahan ni Chinoy at ni Pinoy. Pareho sila ng mga produktong ibinebenta. Given the situation, kanino kayo bibili? Kay Chinoy, because it’s cheaper. Ano ang mangyayari sa negosyo ni Pinoy? Malulugi na. Kasi mas mahal ang kaniyang produkto. Ano ang gagawin niya? Ibebenta niya ‘yung kotseng nabili niya ng P150,000. Sino ang bibili? Siyempre, ang maraming pera, si Chinoy. Tatawaran pa ni Chinoy ang kotse ng P80,000. Dahil gipit na si Pinoy, kahit palugi ay ibebenta na rin niya. Si Chinoy ngayon ay nagkaroon ng kotse na murang-mura lang!

After a few months, mauubos din ang P80,000 ni Pinoy. Ano ang susunod na gagawin ni Pinoy? Ang home entertainment niya ay ibebenta na rin. Magkano? P20,000 na lang. Sino ang bibili? Si Chinoy. Darating ang araw na pati ang cellphone ni Pinoy ay ibebenta na niya. Magkano niya ibebenta? P2,000 na lang! Isang araw, magsasara na ang negosyo ni Pinoy. Ano ang gagawin niya? Malamang, magtatrabaho na lang siya kay Chinoy. Ito ang kuwento ng bansang Pilipinas!

Naalala mo pa ba noong araw, mas mayayaman ang mga Pinoy kaysa sa mga Chinese. Bakit nagbago? Ano ba ang problema natin? Dakot kasi tayo ng dakot! Sila, kurot lang ng kurot!

Mayroon kaming naging participant before na nagsabi, “Sir, hindi naman totoo ‘yan! I know a Chinoy, he drives a BMW. That’s a P5 million car! Kurot ba ‘yun?” Malamang kurot ‘yun! Noong binili niya ‘yun, mayroon na siyang P100 million na savings! So kurot lang ‘yun! Nandiyan ka pa ba?

Isang Kahig, Isang Tuka

Saan ka makakakita ng mga taong isang kahig, isang tuka? Saan? Sa squatters area? Magtigil ka! Gusto mo’ng makakita ng mga taong isang kahig, isang-tuka? Sa Ortigas, sa Makati, may makikita ka.

What do I mean? Kapag hindi ka sumuweldo ng isang buwan, mabubuhay ba ang pamilya mo? Kung wala kang credit card, kung mawalan ka ng trabaho ngayon, ilang araw ang aabutin para mabuhay ng matino ang pamilya mo? Kapag nawalan ka ng suweldo, patay ka!

Ang mga Chinoy, kahit hindi muna kumita o magnegosyo, mabubuhay ng maganda. Bakit po? Kasi many years ago, kumahig sila ng kumahig at tumuka lang konti. Kaya marami sa kanila ngayon, tuka na lang ng tuka. Maraming Pinoy, kapag hindi tayo kumahig, wala tayong tutukain.

Ito ang masakit–sometimes, kahit matanda na tayo, kahig pa rin tayo ng kahig. Gaano karaming Pilipino ang 60 years old na ay trabaho pa rin ng trabaho? Puwede ba, simula ngayon, kumahig ka nang kumahig at iwasan munang tumuka. I-deprive ang sarili ng kaunti.

Ang pinakamasakit sa lahat ay ito–one day, you want to work, but you cannot work. You are already old. Why? Nagpakasasa ka kasi noong bata ka pa. Inubos mo na lahat ng lakas at kalusugan mo sa bisyo.

Tanong: Masama ba’ng bumili ng mahal? Sagot: Hindi! Basta kinukurot lang! Kapag nakakita ka ng kasamahan mong naka-Nike shoes, huwag mong husgahan kaagad iyong tao! Malay mo, kinurot lang niya iyon. At the end of the day, what is happening to other people is not important. What’s more important is what is happening to you.

The Bible says in 1 Thessalonians 4:11, “Make it your ambition to lead a quiet life. You should mind your own business and work with your hands, just as we told you.”


(Excerpted from Vic and Avelynn Garcia’s book entitled Kontento Ka Na Ba Sa KaPERAhan Mo?)

TGFI Head Quarters from vOffice PH

When I first read about the VOffice concept and they are now open here in the Philippines I really like the idea behind. Great Concept one way of helping start up entrepreneur to place their office in the heart of Metro Cities and VOffice PH is now located in Bonifacio Global City Fort Legend Tower, 3rd Ave and 31 st Street, Bonifacio Global City, Taguig City.

Now my TGFI Group is one of the client of vOffice take a look below. 

so for Business Start Up and looking for very nice office you can check V Office in BGC. 

Learning Opportunity: TGFI in Cagayan De Oro

InvestAbility: Stock Market Seminar, Oct. 26, 2013

InvestAbility: Stock Market Seminar on Saturday, October 26, 2013, 9am-12nn at The Ortigas Foundation, 2nd Floor Ortigas Building, Ortigas corner Meralco Avenues, Ortigas Center, Pasig City.

InvestAbility: The Stock Market is a layman’s introductory seminar for anyone who is interested, curious and would like to better understand the stock market. It will deliver fundamental information about the stock market and is thus perfect for those who are considering stock market investing but would appreciate a layman’s explanation of it. *This seminar DOES NOT teach you to invest and trade stocks. Stock picking techniques shall not be discussed. No advise re the best ‘stock’ to buy will be given.

Learning Fee: P4000
inclusive of Certificate of Participation, seminar kit and light snacks

Register Now! Email: training@colaycofoundation.com or SMS 09178632131

Objectives:
-To make you what the stock market is, why it exists and how it works etc.
-To make you appreciate life long investments vs. get rich quick
-To equip you with knowledge on diversifying your investment portfolio
-To equip you knowledge on the different investment instruments that utilize the power of the stock market
-To make you understand the relationship of the stock market to other investment options
-To determine how you can take advantage of the stock market directly or indirectly

By Colayco Foundations

More info at http://www.colaycofoundation1.com/public-seminars-events/investability-stock-market/

BPI Ka Negosyo Success Stories

One way for young entrepreneur to start a business is by crafting their ideas. writing it down is also part of the process but how they come up with those ideas in mind? Reading inspirational entrep stories or watching business documentary. Fortunately THANKS to BPI Family Savings Bank has launched its new project called BPI Nego Series.

Watched all the five videos:
Opportunities Now Open (Ice Cream Lover)

Mind Your Own Business (Employee to Entrepreneur)

The Art Of Success

Brothers Success 

Hello to the GOOD LIFE

Franchising Business is one of the great ways to start living your dreams. Its a Proven business system and model, all you have to do is follow the system.

Moody's upgrades Philippines to Baa3, revises outlook to positive

Singapore, October 03, 2013 -- Moody's Investors Service has today upgraded the rating of the Government of the Philippines by one notch to Baa3 from Ba1.

At the same time, Moody's has assigned a positive outlook to the rating.

The rating action concludes the review for upgrade announced on 25 July 2013.

The factors that prompted the review remain intact, namely the sustainability of the country's 1) robust economic performance; 2) ongoing fiscal and debt consolidation; and 3) political stability and improved governance.

In addition, the stability of the Philippines' funding conditions -- during the recent bout of market volatility in emerging markets -- points to the country's relative lack of vulnerability to external financial shocks, such as those arising from anticipated tapering by the US Federal Reserve of its quantitative easing policy.

In a related rating action, Moody's has upgraded the government's foreign currency shelf rating to (P)Baa3 and the ratings for the liabilities of the country's central bank, Bangko Sentral ng Pilipinas (BSP), to Baa3. These have also been assigned a positive outlook.

RATINGS RATIONALE

RATIONALE FOR THE UPGRADE

The Philippines' economic performance has entered a structural shift to higher growth, accompanied by low inflation. Real GDP expanded by 6.8% in 2012 and 7.6% year-on-year in the first half of 2013. These levels are among the fastest rates of growth in Asia-Pacific and across emerging markets globally. At the same time, CPI inflation remains well anchored and is currently below the central bank's target range.

The new growth path is being reinforced in part by improved fiscal management. Revenue growth has accommodated sizeable increases in infrastructure and social spending, although revenue generation remains weak when compared with investment-grade countries overall.

Nevertheless, since 2008, the Philippine government has regularly recorded fiscal deficits that are narrower than the Baa3-rated median. Primary surpluses recorded in eight of the past 10 years will likely continue over the five-year medium-term horizon, allowing for further consolidation of the government's debt burden. Yet, government debt as measured against GDP will remain higher than most similarly rated peers.

Over the past few months, the prospects of Fed tapering had only a muted effect on funding conditions for the Philippines. An underlying shift in the government's funding profile has contributed to the country's resilience to such external financial shocks. Although the Philippine government is the largest sovereign issuer of US dollar-denominated securities in the Asia-Pacific based on total debt outstanding, it is now much more reliant on domestic sources of financing. The government's improved ability to fund itself onshore reflects both the country's healthy external payments position and the ample liquidity in its banking system, which is also the only system worldwide deemed by Moody's to have a positive outlook.

In addition, the Aquino administration has maintained its popularity among voters, which in turn supports the further institutionalization of reforms for good governance. This situation has in turn been reflected in improving third-party assessments of institutional quality and international competitiveness.

The Philippines will maintain a current account surplus, which has been bolstered by remittance inflows from overseas Filipinos and services exports, particularly from the business process outsourcing sector. These flows are likely to remain strong, if not strengthen, over the outlook horizon. The Philippines' external strengths are reflected in the falling external debt to GDP ratio and the ample stock of gross international reserves, which now exceeds the country's total external debt.

Moody's has also raised the Philippines' long-term foreign currency (FC) bond ceiling to Baa1 from Baa2 as well as its long-term FC deposit ceiling to Baa3 from Ba1.

In addition, Moody's has raised the short-term FC bond ceiling to P-2 from P-3, while changing the short-term FC deposit ceiling to P-3 from "Not Prime." These ceilings act as a cap on the ratings that can be assigned to the FC obligations of other entities domiciled in the country.

The Philippines' local currency (LC) bond and deposit ceilings remain unchanged at A2.

RATIONALE FOR THE POSITIVE OUTLOOK

The positive outlook for the Baa3 rating reflects the expectation of continued economic outperformance by the Philippines relative to peers, which, in turn, would further support debt consolidation and associated improvements in debt affordability and sustainability. Moreover, sustained political stability points to better prospects for reform over the second half of the current presidential administration.

WHAT COULD CHANGE THE RATING UP/DOWN

Continued improvements in the country's main debt metrics and growth dynamics will support further upgrades.

In view of the currently positive outlook on the Philippines' sovereign rating, a downward rating movement is unlikely over the short term.

However, the emergence of macroeconomic instability -- which leads to a substantial deterioration in fiscal/debt metrics, a rise in debt-servicing costs, and/or an erosion of the country's external payments position -- could exert downward pressure on the rating.

GDP per capita (PPP basis, US$): 4,412 (2012 Actual) (also known as Per Capita Income)

Real GDP growth (% change): 6.8% (2012 Actual) (also known as GDP Growth)

Inflation Rate (CPI, % change Dec/Dec): 2.9% (2012 Actual)

Gen. Gov. Financial Balance/GDP: -2.4% (2012 Actual) (also known as Fiscal Balance)

Current Account Balance/GDP: 2.9% (2012 Actual) (also known as External Balance)

External debt/GDP: 32.3% (2012 Actual)

Level of economic development: Moderate level of economic resilience

Default history: At least one default event (on bonds and/or loans) has been recorded since 1983.

On 01 October 2013, a rating committee was called to discuss the rating of the Philippines, Government of. The main points raised during the discussion were: The issuer's economic fundamentals, including its economic strength, have materially increased. The issuer's institutional strength/framework has materially strengthened. The issuer's fiscal or financial strength, including its debt pr

ofile, has materially strengthened. The systemic risk in which the issuer operates has not materially changed. The issuer's susceptibility to event risks has not materially changed. An analysis of this issuer, relative to its peers, indicates that a repositioning of its rating would be appropriate.

The principal methodology used in these ratings was Sovereign Bond Ratings published in September 2013. Please see the Credit Policy page on www.moodys.com for a copy of this methodology. 

Article from Moodys website

top 10 Billionaire of the Philippines 2013 Forbes list

(1.)Henry Sy & family
Net Worth $12 B As of July 2013

Age: 88
Source of Wealth: diversified, self-made
Residence: Manila, Philippines
Country of Citizenship: Philippines
Education: Bachelor of Arts / Science, Far Eastern University
Marital Status: Married
Children: 6

Forbes Lists
#1 The Philippines 50 Richest
#1 in 2012
#68 Billionaires
#1 in Philippines


-The Philippines' richest person Henry Sy saw his fortune swell by $2.9 billion, boosted by the surge in shares of his SM Investments, the country's most valuable company, which reported record profits of over $570 million in 2012. Putting rumors to rest, group announced in May that it would be merging its vast property assets under mall operator SM Prime Holdings, to create what could potentially be the country's biggest developer with an estimated market cap of $14 billion. Son Henry Sy Jr will chair combined unit while son Hans will remain president.

(2.)Lucio Tan & family
Net Worth $7.5 B As of July 2013


Age: 79

Source of Wealth: diversified, self-made
Residence: Manila, Philippines
Country of Citizenship: Philippines
Education: Bachelor of Arts / Science, Far Eastern University
Marital Status: Married
Children: 6

Forbes Lists
#2 The Philippines 50 Richest
#2 in 2012
#248 Billionaires
#2 in Philippines

-Lucio Tan, the Philippines' second richest person and this year's biggest gainer, got a $3 billion boost after consolidating his private holdings into LT Group, including Asia Brewery, maker of popular Beer na Beer, and stake in Philip Morris Fortune Tobacco, which has an estimated 80% market share of the country's cigarette market. Shares are up five fold since last year's listing. Follow-on offer in April which reduced his stake to 74% , raised $920 million, in what was the country's biggest public issue to date. After selling his 49% stake in Philippine Airlines to San Miguel last year, Tan said he may sell the remaining 51%. PAL Holdings, through which he owns most of that stake, did a private placement after trading in its shares was halted in January for failing to meet a 10% public float rule. Son Michael is president of LT Group. Also owns Hong Kong based Eton Properties.

(3.)Andrew Tan
Net Worth $4.6 B As of July 2013

Age: 61

Source of Wealth: Diversified, self-made
Residence: Philippines
Country of Citizenship: Philippines
Education: Bachelor of Arts / Science, Far Eastern University
Marital Status: Married
Children: 4

Forbes Lists
#3 The Philippines 50 Richest
#6 in 2012
#345 Billionaires
#4 in Philippines


-Andrew Tan doubled his fortune and climbed three spots to Number 3, as shares of his holding firm Alliance Global zoomed. With interests in food and beverage, real estate, gaming, the company reported an 18% jump in net profits to $113 million in the last quarter. Planned IPO of Resorts World Manila, which he controls with casino operator Genting Hong Kong reportedly postponed in late June. Son of a factory worker, worked in a watch store to pay for college. Started selling kitchen appliances before making his first fortune in brandy.



(4.)Enrique Razon, Jr.
Net Worth $4.5 B As of July 2013


At
Age: 53
Source of Wealth: Ports
Residence: Manila, Philippines
Country of Citizenship: Philippines
Marital Status: Married
Children: 2

Forbes Lists
#4 The Philippines 50 Richest
#3 in 2012
#258 Billionaires
#3 in Philippines


Shares of Enrique (Ricky) Razon's International Container Terminal Services, which owns 28 ports in 19 countries, gained by a third on rising shipments. It recently snatched a $624 million contract to manage a port in the Honduras. His casino operator Bloomberry Resorts opened the doors to its $ 1billion Solaire Resorts & Casino in March. Daughter Katrina is a DJ and music composer. He backs the Philippines Golf Tour.



(5.)John Gokongwei, Jr.
Net Worth $3.4 B As of July 2013


Age: 85
Source of Wealth: Diversified
Residence: Manila, Philippines
Country of Citizenship: Philippines
Education: La Salle College
Marital Status: Married
Children: 6

Forbes Lists
#5 The Philippines 50 Richest
#4 in 2012


-JG Summit, conglomerate that John Gokongwei founded, recently put off the IPO of its Robinsons Retail Group which owns the Toys R Us franchise, among much else. In June, group's low cost airline Cebu Pacific caused Davao airport to close for more than 24 hours after one of its planes skidded off the runway during landing. Talks with Japanese gambling mogul Kazuo Okada to jointly develop a casino in Manila Bay fell apart in May. Go Hotels, group's foray into no-frills accommodations, opened its sixth property recently. Brother James Go chairs JG Summit; son Lance is president.



(6.)Jaime Zobel de Ayala & family
Net Worth
$3.1 B As of July 2013


Age: 79
Source of Wealth: Diversified
Residence: Manila, Philippines
Country of Citizenship: Philippines
Education: Harvard University; De La Salle University
Marital Status: Married
Children: 7

Forbes Lists
#6 The Philippines 50 Richest
#7 in 2012
#349 Billionaires (2007)


-Jamie Zobel de Ayala, chairman emeritus of Ayala Corp., Philippines oldest conglomerate, saw shares surge by a third in past year on strong revenues, profits in banking, real estate and water businesses. Net income in latest quarter jumped 29% to $105 million. Group plans to invest $3 billion this year across businesses. A proposal to merge his Bank of the Philippines Islands with Lucio Tan's (No 2) Philippine National Bank unravelled. Group was recently appointed distributor for Volkswagen in the Philippines. Family stake held by his seven children. Jaime Augusto, eldest, is chairman; son Fernando is vice-chairman.



(7)Family Aboitiz
Net Worth $3 B As of July 2013


Source of Wealth: Diversified
Residence: Philippines
Country of Citizenship: Philippines
Forbes Lists

#7 The Philippines 50 Richest


-Family that controls Cebu-based conglomerate Aboitiz Equity Ventures, enters top 10 as fortune, earlier split and listed separately under patriarch Enrique who died in January, and his nephew Jon Ramon, now represents combined interest of wider clan. Cash- rich company is planning to spend $1.4 billion this year, mostly earmarked for its power business. In April, it agreed to partner with Ayala Land to develop properties in Cebu and bid for a new airport project. Announced plans in May to venture into water treatment and distribution


(8.)David Consunji
Net Worth $2.7 B As of July 2013

Age: 91
Source of Wealth: Construction, self-made
Residence: Manila, Philippines
Country of Citizenship: Philippines
Marital Status: Married
Children: 8

Forbes Lists
#8 The Philippines 50 Richest
#5 in 2012
#503 Billionaires
#5 in Philippines


-Former concrete inspector David Consunji went on to earn acclaim as country's "father of construction" after founding DMCI in 1954. Today, construction giant gets most of its income from power generation, water, real estate and infrastructure. Took controlling stake in London-listed nickel mining outfit Toledo Mining in April with aim of delisting it. Also controls Semirara Mining, country's largest coal producer. Faced criticism when an accident at one of its mines killed 10 people in February.


(9.)George Ty & family
Net Worth $2.6 B As of July 2013


Age: 80
Source of Wealth: Banking
Residence: Manila, Philippines
Country of Citizenship: Philippines
Marital Status: Married
Children: 5

Forbes Lists
#9 The Philippines 50 Richest
#8 in 2012
#554 Billionaires
#6 in Philippines


Banking tycoon George Ty added $900 million to his net worth as his holding outfit GT Capital saw profits nearly double to $150 million in 2012 on rising revenues in banking, car production and distribution, real estate and power operations. Company raised $350 million in a January share sale to buy more shares in Toyota Motor Philippines in which it now has 51%. Founded Metropolitan Bank, country's second largest lender, in his twenties; stepped down as chairman in 2006 in favor of son Arthur. Enjoys swimming and collects art. Son Alfred is married to Lucio Tan's (No.2) daughter Cherry


(10.)Lucio and Susan Co
Net Worth $1.9 B As of July 2013


Age: 58
Source of Wealth: Retailing, self-made
Residence: Manila, Philippines
Country of Citizenship: Philippines
Marital Status: Married
Children: 3

Forbes Lists
#10 The Philippines 50 Richest
#13 in 2012
#736 Billionaires
#7 in Philippines

-Retailing duo Lucio and Susan Co who started with one hypermarket in 1998, break into top 10 this year amid booming sales at their Puregold Price Club, country's second largest retailer, after Henry Sy's SM Group. Its network of more than 150 hypermarkets, supermarkets and discount stores, 50 of which opened in 2012, mainly targets low and middle-income consumers and "sari-sari" store owners. The Cos transferred most of their stake in Puregold, to listed holding company Cosco Capital last December. In May, Cosco did a $400 million offering at a 30% discount to fund expansion, driving share price down. They pocketed $100 million as part of that deal. Other interests span gaming, hotels, wine distribution, property.