Category Archives: Invest in Knowledge

Five Things I’d Like to Tell My 25-Year Old Self

Five Things I’d Like to Tell My 25-Year Old Self

 

(This week’s article is from a trusted mentor, Sir Mon Lao. Enjoy and feel free to share! – Lianne) 

 

I had watched the movie Timecop several times. Although I know the story, I loved the idea of going back in time not to make money like the corrupt senator, but to undo the mistakes I have done in the past.

In one scenario, the corrupt senator said, “Never interrupt me when I am talking to my (younger) self”. He was trying to change the future by telling his younger self to change his erratic decision.

Now, if only I had the chance to talk to my 25-year old self, here are five things I want to say:

 

Learn via seminars. I was a person who hated seminars before. Seminars bored me to death. Seminars, whether free or paid, are a great way to increase your knowledge. If you are invited to an MLM seminar, give time to it even if you do not join. The point is you learn more sales techniques or more real-life skills than you would have from school.

 
Get insurance. Even single young people need insurance.

 

READ here: 3 Things You Didn’t Know Life Insurance Can Do To Save You Money (And Your Family’s Lives!)

 

Insurance nowadays is not only about death benefit, but also about living benefit. A lot of critical illnesses strike the younger generation because of poor lifestyle, increased stress and even overfatigue.  Once critical illness strikes, one’s life savings may not be enough to cover the expenses for treatment. Insurance will protect us from such risks if ever they occur.


Invest in mutual funds while you are young.  Ever since I was a child, I am already a natural saver.

 

Little did I know that as I save, I am paying myself. Every peso I earn, I put it in my piggy bank and when full, I transfer it to my bank account.

 

Whenever my savings account earns interest, I am happy because that interest is a passive income. The more I save, the more I earn.

 

However, in my early twenties, only insurance agents approached me to offer insurance. There were no other instruments offered to me!

 

If I were to advise myself, I would encourage myself to make my money grow via mutual funds. Had I invested that time, my money would have grown to 38 times as of today.

 

READ: 5 Tips to Consider Before You Make Investing Decisions

 

Get married early. I married at a late age of 32 and had my first-born at a late age of 37. Every delay in deciding to get married results to higher cost of baby items such as milk, higher cost of education fee which escalates yearly. I had a friend who married at age 24 and now he has finished his responsibilities. Getting married early is just similar to investing early. Just make sure you want to tie the knot with your special someone.


Listen to your parents. There were times I was stubborn to my parents especially when I think I am right. But I was always proven wrong. As my parents will often tell me, “You are just starting your journey, and we are already on our way back. So we already know the result that awaits you”.

 

No matter how much we do not understand our parents, the fact is our parents loves and cares for us just like God does.

 

How about you? What do you want to tell your younger self? If you are 25 now, it is time to face the mirror and talk to yourself.

 

 

About Lianne Martha Maiquez Laroya

Hi! Thank you for dropping by and visiting YoungPinoyMillionaire.com. I am Lianne Laroya, Licensed Financial Advisor of Sun Life Financial. I'm authorized by the Insurance Commission to act as Insurance Agent and by the Securities and Exchange Commission to act as Investment Solicitor. You can call me at 0906 243 5059 (Phone/Viber) or email me at liannemarthamlaroya@gmail.com or email me at liannemartha.m.laroya@sunlife.com.ph My office is located at 12th Floor, Frabelle Building, 111 Rada St., Makati City. My inspiring network of clients include OFWs, doctors, entrepreneurs and young Pinoy professionals but I serve all members of the society. Most of my clients are based in Metro Manila but I also have clients from Laguna, Pampanga, Bulacan, Pangasinan and Cavite. Want to get FREE Sun Life proposal for yourself? Just click this and submit >>> If you want to open your own investment+income protection+savings account, life insurance, investment account, or you just want to ask something, you can contact Lianne via liannemartha.m.laroya@sunlife.com.ph or text/call her via 0906-243-5059 via mobile/Viber.

The 6 Sneaky Network Marketers You Should Avoid

6 sneaky network marketers

Like any other type of business, network marketing has both its good and bad eggs. And while they may get a bad rap along with multi-level marketing, there do exist legitimate network marketing opportunities that could change your fortunes for the better.

 

Whether you’re looking at car insurance providers or food products, choosing the right company can make a difference in stretching the lifespan of your investment. There are telltale signs, though, that can clue you in on whether a network marketer’s offer is the real deal or not. If you encounter any of the following personalities, proceed with caution.

 

The Big Talker

“Triple your salary in months!” “Be your own boss!” These are the marketers that will promise you the moon and stars just to bring you over to their side. We’ve all heard the old adage: If it sounds too good to be true, it probably is.

 

If a marketer makes plenty of lofty promises, give yourself time to investigate their claims. Look for real stats and sales figures from trustworthy sources. Without the numbers to back them up, these people are all sizzle and no steak.

 

The High Roller

At first glance, this person will look like the Big Talker’s polar opposite. They’re the ones flaunting their brand-new car, designer duds, or swanky vacation snapshots on Instagram — all courtesy of their huge network marketing paycheck.

 

Be careful, though; this image of profligate spending may scream “nouveau riche” or “skewed values” rather than “effective entrepreneur.” Prudent network marketers don’t fall for the trap of aspirational spending. Instead, they should set their business priorities in the right place.

 

The Cold Call

Imagine this: An old high school friend or casual acquaintance calls you out of the blue, offering to take you out to lunch. Without warning or explanation, they drag you to a “free” seminar promoting this product or that investment opportunity. Congratulations! You’ve just been roped into a network marketing scheme against your will.

 

And for future reference: a good business should know how to operate while also respecting your personal boundaries. (That goes the same for your friend.)

 

The Recruitment Shark

Does the product stand on its own? Or does your success rely on how many new people you can bring into the fold? A good network marketing company should get by on the strength of the product or service it’s selling, not on how many friends or relatives you can recruit for them.

 

Is the company taking full advantage of its convoluted sales structure just to turn a profit? Chances are, it’s not as legitimate as it appears. Take a closer look at its business model and see whether or not it fits the textbook description of a pyramid scheme.

 

The Shady Operator

How many years has the company been in operation? How many name changes has it undergone? Does it possess all the necessary government certifications for an enterprise of its size and scale? Does it get consistently good press from customers and former employees?

 

These are just a handful of questions you should ask about any network marketer. If they make only vague claims about the company’s stability and track record, take that as a red flag. This goes double if they won’t give a straight answer to any of your queries, or even contradict themselves at certain points.

 

The Money Grabber

Any good network marketer should know how to conduct their business professionally. Ideally, this means exuding financial stability without extorting its own partners.

 

To be clear, not all network marketers that require you to pay cash upfront are bad. However, consider the image any business projects when it does this. By asking you to pay a fee before you can take part, at worst the business projects an air of desperation.

 

It doesn’t matter if a company is selling cosmetics or electronics; telling the genuine article apart from the scams can be a difficult process. When switching to any new product or service, doing your homework on the company’s track record can help ensure you get a good customer experience.

About Kyle Kam

Kyle Kam is an online marketing specialist for Moneymax.ph, the Philippines’ leading financial comparison website. Whenever he’s not working, he’s busy at home watching MMA videos the whole day. You may follow him on Twitter @undisputedkyle

3 Things You Didn’t Know Life Insurance Can Do To Save You Money (And Your Family’s Lives!)

young pinoy millionaire 1200630

In today’s Young Pinoy Millionaire post, we’ll be talking about life insurance.

You advised a friend to “save for you and your children’s future” and she replied “but God is the future”.

How do you respond?

This was what Jeff of Piso and Beyond asked me when we had an interview. I smiled first before answering because I usually hear this statement from friends who do not yet fully understand the value of life insurance or investing early.

My answer? “I-push mo yan, ‘te.”

 

God is my protection. But we still have fire extinguishers in our house and I still carry a pepper spray when I travel. I still get life insurance because it’s God’s tool to take care of my loved ones even when I’m gone.

 

God is my provider. But we still earn money so we can buy food and care for our loved ones.

 

God is my savior. But I still go to the hospital and buy medicines when I get ill.

 

God is the future, but he’s blessing you and giving you talents so you can help predict it. God is the future, but you can’t tell him to line up and pay for your children’s tuition fee – He’s too busy for that.”

 

Let’s get 3 things straight:

1st, Life insurance isn’t supposed to make you poor. You’re only supposed to pay the amount that you can conveniently and realistically afford!

 

2nd, You get life insurance so that your dependents are still financially protected in case you’re gone. It’s not meant to insure your life (that’s impossible), it’s meant to replace your income in the event that you pass away and can’t provide for your dependents anymore.

 

3rd, There’s already a life insurance product that has an investment component. Gone are the days when life insurance is just about solving the problem of “dying too young”. Now, life insurance can also address the problem of “living too long” or investing for your retirement through the use of Variable Unit-Linked VUL life insurance. 
(READ MORE: A Beginner’s Guide to Variable Unit-Linked VUL life insurance)  
 
Keep in mind that in this blog post, we’re talking about the 3 things you didn’t know VUL life insurance can do.

 

We won’t be talking about term insurance, because this only has one goal: to protect your income so you can provide financial assistance to your family even when you’re gone.  

Here are three things you probably didn’t know you could do with your VUL life insurance: 

About Lianne Martha Maiquez Laroya

Hi! Thank you for dropping by and visiting YoungPinoyMillionaire.com. I am Lianne Laroya, Licensed Financial Advisor of Sun Life Financial. I'm authorized by the Insurance Commission to act as Insurance Agent and by the Securities and Exchange Commission to act as Investment Solicitor. You can call me at 0906 243 5059 (Phone/Viber) or email me at liannemarthamlaroya@gmail.com or email me at liannemartha.m.laroya@sunlife.com.ph My office is located at 12th Floor, Frabelle Building, 111 Rada St., Makati City. My inspiring network of clients include OFWs, doctors, entrepreneurs and young Pinoy professionals but I serve all members of the society. Most of my clients are based in Metro Manila but I also have clients from Laguna, Pampanga, Bulacan, Pangasinan and Cavite. Want to get FREE Sun Life proposal for yourself? Just click this and submit >>> If you want to open your own investment+income protection+savings account, life insurance, investment account, or you just want to ask something, you can contact Lianne via liannemartha.m.laroya@sunlife.com.ph or text/call her via 0906-243-5059 via mobile/Viber.

How to Check Your SSS Contributions Online

check your sss contributions online

Want to check your SSS contributions online? Here’s an easy process you can follow.

Keeping track of your SSS contributions is a priority. Why?

My friend’s father who started working when he was 26 has an SSS account. The company he worked for included SSS contribution as one of the benefits. Kampante siya, he never checked once if the company was contributing or not.

Now, my friend’s father is 50, and he just found out that his SSS contribution is 50 months pa lang! It turns out that the past company he worked for never contributed to his account. Tragic, don’t you think?

With the presence of a working SSS website, though, you can check your SSS contributions online without any hassle. You don’t need to go to the branch anymore!

Here are the steps:

About Lianne Martha Maiquez Laroya

Hi! Thank you for dropping by and visiting YoungPinoyMillionaire.com. I am Lianne Laroya, Licensed Financial Advisor of Sun Life Financial. I'm authorized by the Insurance Commission to act as Insurance Agent and by the Securities and Exchange Commission to act as Investment Solicitor. You can call me at 0906 243 5059 (Phone/Viber) or email me at liannemarthamlaroya@gmail.com or email me at liannemartha.m.laroya@sunlife.com.ph My office is located at 12th Floor, Frabelle Building, 111 Rada St., Makati City. My inspiring network of clients include OFWs, doctors, entrepreneurs and young Pinoy professionals but I serve all members of the society. Most of my clients are based in Metro Manila but I also have clients from Laguna, Pampanga, Bulacan, Pangasinan and Cavite. Want to get FREE Sun Life proposal for yourself? Just click this and submit >>> If you want to open your own investment+income protection+savings account, life insurance, investment account, or you just want to ask something, you can contact Lianne via liannemartha.m.laroya@sunlife.com.ph or text/call her via 0906-243-5059 via mobile/Viber.