Attention:

To all Filipinos and OFW,

With the present economic downturn and business environment saving money and investing it - is a MUST to all Filipinos specifically the OFW.

When I was in Elementary school, I used to sell "ICE DROP and fried PEANUTS" inside a Sampaguita Theater where my Auntie Lilia used to work as "Tikelera" or selling cinema tickets for moviegoers.

My parents encouraged me to save any amount and I put it in a "Bamboo Alkansiya". We were 9 siblings and all were in schools.

I was so proud to purchased my own graduation attire out of my savings - where I graduated with Honors. Since then, I used to save on regular basis and keep cash aside for emergency reasons. Saving money is a personal trait to all Filipinos, encouraging a portion of our monthly income.

Now, I am OFW based in Saudi Arabia and Reno, Nevada, USA working as an Hotel Executive in a 5 star International chain with more than 3,500 hotels around the globe - its Headquater is based in London.

I have invested my hard earned money through Treasury Bills where yield is much greater than the time deposit scheme. I purchased my own life insurance, house and lot for my family. I also purchased some residential lots and later will sell when real estate business will improve.

Every peso is very important and ensure spending it wisely. Saving money and investing it the right way, we are on the road to progress.

While we are still young, we save on long term basis is a MUST with a positive outlook for a BETTER LIFE and tomorrow for our children's education and needs.

Make it a habit of saving money and investing it the right way.

Thank you for your attention.

Oscar Vito Egasan

WHAT IS YOUR GOALS IN LIFE?

Achieving goals in life is a sign of progress be it FINANCIALLY, RELIGIOUSLY and OTHER ASPECTS CYCLE of LIFE.

To attain your GOALS in life, you aim higher is a positive OUTLOOK that moves your life FORWARD - a more secure and stable life financially or career advancement. Good career means earnng more salary and benefits package.

The GOALS you are targeting must be SMART.

SPECIFIC - A goal must be specific, not vague. Detailed one and straight to the point. Let say, how much MONEY you will save. When and How are you going to start.

MEASURABLE - Most of your goals can be measured. How, far and near you are achieving it. Usually it is in monetary value. Say saving 600,000 pesos in one year. It means you MUST save 50,000 per month.

ACHIEVABLE - Goals must be attainable meaning goals can be done.

REALISTIC - You can achieve your goals by setting timetable within your ability. If your plan goal is unattainable then it is not realistic.

TIME-BOUNDED - There is a deadline, let say within a year you will be able to finance completing your dream House and Lot. You must be specific too in a month or a year. Set a target.

Good Luck, we want you to be SUCCESSFUL in life financially and career.

Franchising is very popular today. Some of the best businesses that are franchise are MacDonald, KFC, Pizza Hut and others. Why it is that many rich businessmen are using franchise to become richer? Well for the owner of the business, it will give them more money as a royalty by selling or using their company or business name. Donald Trump Charge $5 Million if any real estate business will use his name to sell real estate. Another thing is of course less work from the part of the owner of the business. What he will do is to train the franchisee and teach him the in and out of the business in exchange for the franchising fee. You will only become very rich when you let other work for you. Working alone will not make you rich. This is the basic idea of Franchising and Networking.

The owner of the business will usually ask for the fee and some royalty from the sales and then a term for five years or more and the franchisee will have to renew the contract. So if you have a business which you think is booming then franchises it to other people who can afford to buy franchise. All you have to do is master the business plan, whether it is a food business or a janitorial service you can register it for franchise.

For the franchisee, you have to choose the best business because there are many business out there that lack support, they will just take your money. You have to ask yourself if entrepreneurship is for you. Know the characteristic of a businessman. Are you patience, persistence, innovative, can handle people complaints, friendly, thrifty? These are just some of the entrepreneur’s characteristics to succeed. By the way before I forget ask someone who is in franchise business before you go into it.

Who said that this recession everything is bad? Of course not if you were able to prepare for it. Like today if you have lots of money before this recession then you could have the opportunity to buy cheap investment. Most of the real estate investment today is cheaper than the time when the business or investment is on its peak. Other thing like commodities is also cheaper and other things like clothes, bags or maybe jewelries.

During this time it is also best to buy stocks and mutual fund because they are on their bottom prices. By the time they will go up you will earn more. At this time also most of they people are selling their properties because they need money or capital for their business. What do you think guys? Many opportunities are available when the time is hard. This a very practical reason because people need money. So my advice really is to save money and who knows one day when time is rough somebody will sell his/her residential lot at a very low price because he/she needs money badly. It is like hitting a jackpot.

This is my first entry in this blog. I am an OFW (Overseas Filipino Workers) and I want to share to you on how to attain future financial freedom. Most of us whether we are OFW or in the Philippines do not know how to save money. We lacked the knowledge that our neighboring countries knew for a long time, on how to save money and invest it. Smart about investment is created to answer our lack of knowledge in Investment. So come with me and join me in this blog to learn more about investment and business ideas.

Teaching people on how to catch a fish can let them put foods in the table than giving them a fish. If you are smart about Investment, you will not have a hard time working to maintain your daily life expenses. There are many ways to invest but first you have to accumulate money first, but how? Well first you have to work eight hours or more a day. If you have a regular job, make an extra income by having a part time job or business but most of all save ten percent of your monthly income. I mean gross income and invest it.

This blog is dedicated to all people around the world who until now does not know how to obtain their financial freedom. By the way visit my two blogs health and wealth and Don't Worry Make Money for more interesting posts.