Category Archives: Invest Your Money

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.

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.

Top 10 Life Insurance Companies in the Philippines – 2014

life insurance companies in the philippines 2014

In starting the road to financial freedom, you need to choose which investment/insurance company you want to handle and manage your money for you.

(Read: 5 Cs to Consider in Choosing Your Investment/Insurance Company)

Speaking of insurance companies, the Insurance Commission has recently released their latest life insurance company rankings in the Philippines. 

In the latest ranking of life insurance companies in the Philippines, Sun Life of Canada (Philippines), Inc. retains the top spot and leads the insurance industry in terms of total premium income. In simple terms, “premium income” refers to revenues earned by the insurance company from their customers who get insurance policies from them. Basically speaking, the insurance company that leads this category means that it’s the life insurance company which received the highest premium income-earner. 

 

top life insurance company in the philippines 2014

It can be said that the reason for Sun Life’s dominance remains to be their strong agency force and also their aggressive marketing companies – both online (Brighter Life) and offline (Fun Run, #PYOLO, among others). 

2014 saw a realignment of the rankings in total premium income. Philam Life was the second spot-holder last 2013, but this 2014, they’re at number 3; whereas AXA Philippines was the third-placer last 2013 and on the latest results, they’ve claimed the second spot. 

What’s to be noted in the latest ranking is the wide margin from Sun Life’s 30 billion in premium income to AXA Philippines’ 18 billion. It’s exciting to see if this record will be consecutive in the next few years to come.

The strongest point to be noted in the ranking is also Sun Life’s premium income in dominating the VUL (Variable Life Insurance) target market, don’t you think?

What is a Variable Unit-Linked VUL Life Insurance? 
 
Based on the name itself:Variable: 

- The premium varies. (Premium is the amount you deposit regularly for this plan). It depends on the coverage you need and on the yearly budget that you can set aside for this financial product.

- The paying period varies. It depends on you, too. For example, you can choose to contribute for 5, 10, 15 or 20 years.

- In VULs, you get a guaranteed protection benefit and a variable investment amount.

* Variable investment amount: since VULs have investment components, the investment scheme is similar to how mutual funds/UITFs work. Their returns aren’t guaranteed – this is a universal rule in investment because sometimes you may incur losses, sometimes you may have huge gains.

Historically speaking, though, for example if you invested in a balanced fund and held it for the long-term, an annual interest of *8% to 10% was observed.

 For your reference, Sun Life’s well-known VUL solutions include:

- Sun Maxilink Prime

- Sun Maxilink Bright; and,

- Sun Flexilink

Any thoughts on the recent rankings? :)

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.

5 Tips to Consider Before You Make Investing Decisions

The ultimate investing tip? Consider these first before making the big investing jump!

The BBC News recently cited a study from Oxfam that says that the richest 1% of the world increased their share of the world’s wealth from just 44% in 2009 to 48% in 2014. Oxfam predicts that the wealth of this tiny portion of the world’s population is set to grow to 54% by 2020.

The same article states that to be able to be part of that 1% club, you would have to be worth over half a million pounds or close to 67 million pesos.

You have a lot of work to do if you’re aspiring to be part of that elite club. And sad to say, it would be near impossible to achieve that level of wealth working as an employee for a corporation.

You need to invest.

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

Online Jobs: 3 Profitable Sidelines for the Young Pinoys

online jobs

“Oh no! Really?”

That was my first reaction upon hearing a young call canter employee on T.V. today sharing his experience of going to work while Typhoon Mario was battering the country.

Who can blame him for going? Everyone has to protect their income source, and going beyond the call of duty is often called for not only for promotion but just to keep the status quo.

Cash inlfow is the lifeblood of personal finance. Without it, any investing principle will be meaningless. Hence, we protect this even to the point of risking our own safety.

Sometimes, you can’t help but wonder, “Do I even have a choice?”

What is Sun Maxilink Bright? Life Insurance and Education Fund

sun maxilink bright

Sun Life’s Sun Maxilink Bright is your best bet to start and save up for your children’s education fund. 

Let me ask you this – Do you have kids?

If you do, then follow up questions is, do you want your kids to have a great education so that they can be prepared to tackle their own future?

YES: You need an education fund.

But that’s not all you need! You need life insurance, too, so that if you pass away, you can still financially provide for your family child’s college.

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.