Author Topic: Microcap Millionaire (Read 13728 times)

alycxs · « **Reply #120 on:** May 02, 2012, 11:00:10 AM »

Hubs and Balong,

when you think of making millions, the first thing that comes to my mind is real estate. ( Donald Trump, Robert Kiyosaki, Carlton Sheets...) Lots of people made their money elsewhere too but the easiest and most solid, in my humble opinion is real estate. Remember, in Abraham Maslow's pyramid, shelter aka housing is a basic need.

its a matter of arithmetic. Buy low, sell high. It works even in good old Bohol and its oh so simple that its easy to understand. My first deal, we got the house at $57k, it appraised at $115, we put $25k improv on it and we rent it out for $1k/mo and pay the bank $600. No money down, full financing, including repairs and improvements. We get a check every month for doing NOTHING. really. its hard work for the 2 months your getting the deal done and renovating. After that, you just wait for your check in the mail. $300 extra after note service may be small but its still $300 you didn't lift a finger to earn. No watching the market, no reading the newspapers everyday. Most of all, if something breaks, get a hammer and fix it.Or hire someone and get a tax break via business expense. The last one I closed yesterday. got it for $49k, sold for $86k, didn't do anything to the house. just $300 of yardwork and utilities. Its not gonna make you an instant millionaire, but heck, if you've already made 6 figures for the first 3 months of the year on just 3 houses, I'm happy. :-)

Bitaw, not trying to put you down Balong. Just MicroCap is just too darn complicated and so much room for error, fraud and speculation. Its too scary for most people. Its something you can't touch or hold or be happy to hang on to because you never know how the value will do on the day to day. If becoming a millionaire is your goal, Real Estate is a much safer and better bet. Why else does cable TV have so many shows involving fixing and flipping houses ? :-)

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=49290.0

Lorenzo · « **Reply #121 on:** May 02, 2012, 11:13:17 AM »

Hubs and Balong,

when you think of making millions, the first thing that comes to my mind is real estate. ( Donald Trump, Robert Kiyosaki, Carlton Sheets...) Lots of people made their money elsewhere too but the easiest and most solid, in my humble opinion is real estate. Remember, in Abraham Maslow's pyramid, shelter aka housing is a basic need.

its a matter of arithmetic. Buy low, sell high. It works even in good old Bohol and its oh so simple that its easy to understand. My first deal, we got the house at $57k, it appraised at $115, we put $25k improv on it and we rent it out for $1k/mo and pay the bank $600. No money down, full financing, including repairs and improvements. We get a check every month for doing NOTHING. really. its hard work for the 2 months your getting the deal done and renovating. After that, you just wait for your check in the mail. $300 extra after note service may be small but its still $300 you didn't lift a finger to earn. No watching the market, no reading the newspapers everyday. Most of all, if something breaks, get a hammer and fix it.Or hire someone and get a tax break via business expense. The last one I closed yesterday. got it for $49k, sold for $86k, didn't do anything to the house. just $300 of yardwork and utilities. Its not gonna make you an instant millionaire, but heck, if you've already made 6 figures for the first 3 months of the year on just 3 houses, I'm happy. :-)

Bitaw, not trying to put you down Balong. Just MicroCap is just too darn complicated and so much room for error, fraud and speculation. Its too scary for most people. Its something you can't touch or hold or be happy to hang on to because you never know how the value will do on the day to day. If becoming a millionaire is your goal, Real Estate is a much safer and better bet. Why else does cable TV have so many shows involving fixing and flipping houses ? :-)

I like this saying, "Buy Low, Sell High". This is actually taught in Strategic Business Management.

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chicogon · « **Reply #122 on:** May 02, 2012, 11:13:46 AM »

Kamo sa lang anang microcap-microcap ug unsa pa diha, maninghag sa lang kog ma Domingo unja mangolekta inig human, bwahahaha. Hinay2x-hinay basta kanunya, kung sa ininsik pa hehehe

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Lorenzo · « **Reply #123 on:** May 02, 2012, 11:14:13 AM »

bai lorenz,

nag pm ko ni mike from my gmail account, wa man mo tubag. basin busy pa. di pa seguro ka atubang aning atong issue. so cool off lang sa ta. hulat lang for further developments. hinaut unta nga dili ka ma usab lorenz. kay basta doktor, segurado man jud nga daku ug income. basin ma datu na ka, ma pareha ka sa ahong pag umangkon. sauna sa nag income pa sija ug $250000 kong maka bisita ko nija, wiktan dajon ko ug $500 para pang gasolina. karon nga mi asenso na, he is already the head of the corporation and making an income of more than a million bucks a year, wa na juy witik. na tihik na imbis na milyonaryo. maajo pa sauna medyo pobre pa kay maka hatag pa. karon wala na. mao nga dili na pod ko mamisita nija. busa lorenz, pag bantay jud nga dili pod ka ma usab. stay the sweet, loving and kind boy that you are...hihihihi

Thanks for the kind and colorful advice, Bai Balong.

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balong · « **Reply #124 on:** May 03, 2012, 02:42:40 PM »

Kamo sa lang anang microcap-microcap ug unsa pa diha, maninghag sa lang kog ma Domingo unja mangolekta inig human, bwahahaha. Hinay2x-hinay basta kanunya, kung sa ininsik pa hehehe

that's the way to go padre. wa juy sipyat nang imong negosyo.....LOL

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balong · « **Reply #125 on:** May 03, 2012, 02:58:35 PM »

Miss Waffa

I'm glad you are making good in real estate Miss Waffa. OK lang ang real estate but it's too slow for me. It takes months and years for your money to grow. But if you flip houses you beat me. Kay maka kwarta man ka dajon nga segurado. Gusto ko ma milyonaryo dajon kay wanggits na man ko. ajo man ka kay bata pa man ka. you have all the time in the world. Pero depende lagi pod na sa LOCATION. maka palit ka ug balay sa detroit for as low as $600. the average price of a house there is $6000. but you will not buy a house in detroit. here in florida you could buy land at a thousand an acre 20 yrs. ago. now you can sell it for 15 thousand an acre. but it took so many years. i make thousands in a few hours of trading. KONG swertehon. what i basically do in microcaps is GAMBLING. kong malason pod ka, aguroy, aguroy. mao nga wa naho ibutang ug microcaps ang PALAWAN PAWNSHOP PORTFOLIO. lisod i sugal ang kwarta sa kaponongan.

Im happy for you miss waffa. BUY LOW, SELL HIGH. thats the thing. ahong mga amigo nga milyonaryo bought their houses in bella lago , kissimmee , florida at the height of the housing bubble. when the bubble burst, gi pa foreclose na lang nila ang ilang mga balay. they bought high and sold low.

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balong · « **Reply #126 on:** May 03, 2012, 02:59:42 PM »

Thanks for the kind and colorful advice, Bai Balong.

You are welcome Bai Lorenz

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balong · « **Reply #127 on:** May 03, 2012, 03:14:17 PM »

ALYCXS,

The last one I closed yesterday. got it for $49k, sold for $86k, didn't do anything to the house. just $300 of yardwork and utilities. Its not gonna make you an instant millionaire, but heck, if you've already made 6 figures for the first 3 months of the year on just 3 houses, I'm happy. :-)

WOW. 3 months lang you already made 6 figures. you must make an astronomical sum in 1 yr. holy molly....

Im glad i wrote this topic. nang gawas na jud ang tinood nga mga milyonaryong boholana pareha ni raquel ug miss waffa. im only a mini millionaire, mini nga milyonaryo. baho pa ko sa tae.

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xayoj14 · « **Reply #128 on:** May 03, 2012, 03:47:36 PM »

how do we do this?
is this through stock trading?

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balong · « **Reply #129 on:** May 03, 2012, 05:41:54 PM »

how do we do this?
is this through stock trading?

you can do stock trading online. try www.scottrade.com. you can start w/ a minimum capital of $500.

to buy and sell houses like what ALYCXS is doing, you've got to have thousands and thousands of dollars

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hubag bohol · « **Reply #130 on:** May 03, 2012, 09:43:09 PM »

Mr. Hubag,

Would you mind telling us what stocks you have. Maybe you hold blue chips

I'm just a dumb old fool. I know nothing about these things. Somebody manages my little money for me.

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hubag bohol · « **Reply #131 on:** May 03, 2012, 09:45:57 PM »

Gusto ko ma milyonaryo dajon kay wanggits na man ko.

Hmm, you're hoping to go in style, as in inside a diamond-studded coffin?

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balong · « **Reply #132 on:** May 03, 2012, 09:47:19 PM »

Hmm, you're hoping to go in style, as in inside a diamond-studded coffin?

sure. why not.....lol

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balong · « **Reply #133 on:** May 03, 2012, 09:48:38 PM »

I'm just a dumb old fool. I know nothing about these things. Somebody manages my little money for me.

if you are a dumb old fool, then stop posting on things you dont know anything about

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hubag bohol · « **Reply #134 on:** May 03, 2012, 09:51:28 PM »

Kamo sa lang anang microcap-microcap ug unsa pa diha, maninghag sa lang kog ma Domingo unja mangolekta inig human, bwahahaha. Hinay2x-hinay basta kanunya, kung sa ininsik pa hehehe

He he, bitaw. Kanang buot mamilyonaryo bisag wanggits na, pasagdahi na lang sila with their unresolved hang-ups. Come to think of it, pila ra guy yellowfin tuna sashimi...

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hubag bohol · « **Reply #135 on:** May 03, 2012, 09:52:09 PM »

if you are a dumb old fool, then stop posting on things you dont know anything about

You can say that again, wise man...

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hubag bohol · « **Reply #136 on:** May 03, 2012, 09:53:17 PM »

sure. why not.....lol

Careful. You might get what you wish...

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chicogon · « **Reply #137 on:** May 04, 2012, 01:11:48 AM »

Nia na sad ang mga hilig magpagilok sa kalimutaw... just stay on a decent level hehehe

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islander · « **Reply #138 on:** May 04, 2012, 02:03:23 AM »

maayo gani kay di ta dinhi mahimong magsabunotay. dugay ra untang nahurot ning bunot sa akong ulo.

magkita ning duha tagay man gyoy linugdangan ani ba. pinot noir, ha? puro na man lang gyod mo mga milyonaryo... puwede pod hennessy xo.

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chicogon · « **Reply #139 on:** May 04, 2012, 05:29:38 AM »

Sa tinuod I envy those who know how to save or invest their hinaguan (for the rainy days) kay sa tinuod gyod (1) wala jod koy hanaw ani and (2) I can't seem to test the waters aning mga butanga kay sige ko purdoy. Igo ra gyod ko maka save enough for my yearly recreation (going home and spending-spree for a month hehehe). Sa tinuod I'd rather spend my money for something worthwhile (helping family, taking care of my house in Bohol, sending nephews, nieces and others to school, travel, food, etc) before it's too late kay hadlok ko naay mahitabo nako unya sayang kung di magamit akong hinaguan. Maka-save baya ko ( and I consider that self-investment) since most of my ameneties are already free. Not much but more than I need.

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alycxs · « **Reply #140 on:** May 04, 2012, 10:41:56 AM »

Sa tinuod I envy those who know how to save or invest their hinaguan (for the rainy days) kay sa tinuod gyod (1) wala jod koy hanaw ani and (2) I can't seem to test the waters aning mga butanga kay sige ko purdoy. Igo ra gyod ko maka save enough for my yearly recreation (going home and spending-spree for a month hehehe). Sa tinuod I'd rather spend my money for something worthwhile (helping family, taking care of my house in Bohol, sending nephews, nieces and others to school, travel, food, etc) before it's too late kay hadlok ko naay mahitabo nako unya sayang kung di magamit akong hinaguan. Maka-save baya ko ( and I consider that self-investment) since most of my ameneties are already free. Not much but more than I need.

My Auntie calls this "Investing in Memories" kini dili jud makawat. Ang kwarta, makit-an ra kung mosukol ka sa kahago, bilar ug antos, pero kung ang mga tawo nga importante sa imong kinabhi mawala na, wala gyuy kantidad sa wawarts pwedeng maka balik nila. Kami sa akong bana, we try to conserve and live way below our means. We forgo the toys, the bigger house, nicer cars to conserve our money. But when it comes to family, our parents (both) and neices and nephews, as long as reasonable, then we don't get miserly. Of course, we treat ourselves too . A quick cruise to Mexico, my yearly trip to visit Mama and Papa in Bohol, his trips to Florida. What's the point in getting rich quick if you're miserable when you can be very comfortable and happy instead. :-)

Hinay-hinay basta kanunay

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Lorenzo · « **Reply #141 on:** May 04, 2012, 12:04:53 PM »

I like to read about stocks and bonds, pero, for me, the best way lang is to place your money in CD and Time Savings.

As what Alice and Father Roel said, "Hinay Hinay, basta kanunay..."

I don't like to gamble, and don't like to take chances in losing money. Money is not easily earned, and is very difficult to acquire, for many it may come easy, but for me, money is hard earned. By placing your earnings in your Checking account, Savings account and in TIME SAVINGS/ CD accounts, as well as tracking all your financial transactions, one can be on the road to financial security. By securing your spending habits, and making sure you don't spend more than what you have, and take the strategic, tactical and operational initiative to invest your money in secure institutions (ergo, banking systems), one can safeguard one's Financial Success.

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Lorenzo · « **Reply #142 on:** May 04, 2012, 12:33:33 PM »

My Auntie calls this "Investing in Memories" kini dili jud makawat. Ang kwarta, makit-an ra kung mosukol ka sa kahago, bilar ug antos, pero kung ang mga tawo nga importante sa imong kinabhi mawala na, wala gyuy kantidad sa wawarts pwedeng maka balik nila. Kami sa akong bana, we try to conserve and live way below our means. We forgo the toys, the bigger house, nicer cars to conserve our money. But when it comes to family, our parents (both) and neices and nephews, as long as reasonable, then we don't get miserly. Of course, we treat ourselves too . A quick cruise to Mexico, my yearly trip to visit Mama and Papa in Bohol, his trips to Florida. What's the point in getting rich quick if you're miserable when you can be very comfortable and happy instead. :-)

Hinay-hinay basta kanunay

Correct ! Spending wisely is better than spending frivolously.

Many doctors in the United States make over $400,000 - $500,000 per annum and because of this, they spend frivolously. Purchasing mansions, beach homes, yachts, and sports cars. They make a lot, but they also spend A LOT. This is the problem when one makes a lot of money, one tends to spend A LOT. In order to retain one's earnings, one should control the spending. Invest 1/2 of one's yearly earnings into a time savings/ cd.

For me, if one can invest that $400,000 income into the proper bank, one can be a millionaire within 2-3 years. Within 10 years, a doctor can already be secured for the rest of his/ her life. Without the need to invest in stocks.

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Lorenzo · « **Reply #143 on:** May 04, 2012, 12:45:23 PM »

I have a good friend, who was my college roommate, and is currently a Financial Analyst at Goldman Sachs; since he graduated from college and worked for GS, he's saved 1/2 of his yearly salary. His salary is $95,000 a year. He's been working since 2007. So for the past 5 years, he's saved half of his yearly income. At his age of 26, he has over $300,000 saved.

He makes $95,000, but only uses half of that. The rest he puts into his savings.

That is an example of financial security through proper 'investing'.

At this rate, by the time he is in his early 30's, he will be a millionaire.

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alycxs · « **Reply #144 on:** May 04, 2012, 01:33:46 PM »

Lorenzo, what you say is right. It is definitely what my Mama and Papa had planned and done. When my Papa lost his job due to his illness, they went from living very comfortably to living on only 1/8th of the former income. If my parents were in perfect health, they wouldn't be in trouble, but seeing as health insurance is almost non-existent in the PI. (yeah, I know, there's some sorry form of it), they struggle from time to time. Good thing I'm blessed to have a good job so I can help out.

Mama is very cautious. From when I was little, they saved and invested in lots. Its not very liquid, I know, but it sure helped out in a pinch as collateral to the bank. She also invested in Marcela Bonds from Plaza Marcela which used to earn 10% per year and gave her a 6% commission discount. Through the years, there was Forever Living, PhilKraft, DXN...name it, my Mama tried it and didn't work out too well. Always fell back to Marcela Bonds and her regular government job. Papa on the other hand, made lots of money as a sea man captain. He spent a lot too, if not for Mama's constant nag to save. Which he did. grudgingly.

The point to this story is that, with risk comes reward. Its just a matter of what kind of risk are we comfortable with.

When I was 18, Papa gave me $100 for my Christmas present. At that time, the exchange rate was P55 to $1. I promptly took all the money and invested it in Plaza Marcela. Unfortunately, from 10% interest a year, it fell to 6%. Sucks but when you consider most banks only pay 2% at most 4% for savings, I was still ahead. I then used the credit line that came with the bond and the 6% interest to get the things I wanted with 3 months to pay it back while earning interest.

In thesame year, my math teacher from HNU (shameless forgot her name), lent me a copy of Robert Kiyosaki's Rich Dad, Poor Dad. It gave me a whole new perspective on investment, passive income and consumption. Man, I see her face in my mind, I can't remember her name. She had wanted to recruit me in a pyramid numismatic gold coin business, but she ended up inspiring me to do the Marcela Bonds and indirectly, what I'm doing today. Flipping houses, Remodelling and renting out foreclosed homes we bought, and even branching out to ICM Bonds and adding to my Marcela Bonds.

Hinay-hinay lang gud. It will get there. I tried DXN MLM selling coffee and what have you. Didn't make too much but at age 19 and making around P5,000 in 2002, that was pretty good. I think. I also tried skin botanicals MLM, but all soaps. Not much, around an extra P2000 tops a month. still not bad for a 19yo. My Marcela Bonds grew from P5,000 to P8,000 in 8 years that I left it alone. P375 a year, without doing anything. Nothing to write home about but still, effortless money is effortless money. It could've made more probably if I was there managing the POs and collecting but its ok. I did add a little bit to Marcela Bond and started an ICM bond too. Still ahead of the banking and savings rate. It will take time to grow but its still earning passive income.

All the rent houses we have are passive income too...after the initial 2-3 months worth of work(meaning supervising the contractor). This leaves me with time to spend with Ryan, keep house, call Pinas every other day, call Auntie, cousins telebabad...and have time to dedicate to our HomeVestors franchise and flipping houses. Yep, also time for going back to school to get my second major. hehehe ! Bahala ug tag 2-3 subjects ra. Hinay-hinay, mahuman ra lagi ni puhon. On the upside...I get to go to Bohol every year. Twice on a good year. hehe ! I'm happy.

I guess if Mama's risk tolerance is 2 from a range of 1-10, mine is around 5-6....sir Balong's is at 10. IMHO. those things he's talking about scare me stiff. I'm likely to lose everything.

Hopefully, someday, when Ryan and I get old, we won't have thesame problems my Mama and Papa have with just relying on their savings and getting into tight spots over medical bills and emergencies. I'm praying we'll have enough to be comfy for the rest of our lives and have some left over for the kids to fight over our graves ahahaah ! bahala ug dli diamond coffin. kanang kahoy ra gud para fertilizer apil. :-)

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=49290.0

Lorenzo · « **Reply #145 on:** May 04, 2012, 02:17:39 PM »

Lorenzo, what you say is right. It is definitely what my Mama and Papa had planned and done. When my Papa lost his job due to his illness, they went from living very comfortably to living on only 1/8th of the former income. If my parents were in perfect health, they wouldn't be in trouble, but seeing as health insurance is almost non-existent in the PI. (yeah, I know, there's some sorry form of it), they struggle from time to time. Good thing I'm blessed to have a good job so I can help out.

Mama is very cautious. From when I was little, they saved and invested in lots. Its not very liquid, I know, but it sure helped out in a pinch as collateral to the bank. She also invested in Marcela Bonds from Plaza Marcela which used to earn 10% per year and gave her a 6% commission discount. Through the years, there was Forever Living, PhilKraft, DXN...name it, my Mama tried it and didn't work out too well. Always fell back to Marcela Bonds and her regular government job. Papa on the other hand, made lots of money as a sea man captain. He spent a lot too, if not for Mama's constant nag to save. Which he did. grudgingly.

The point to this story is that, with risk comes reward. Its just a matter of what kind of risk are we comfortable with.

When I was 18, Papa gave me $100 for my Christmas present. At that time, the exchange rate was P55 to $1. I promptly took all the money and invested it in Plaza Marcela. Unfortunately, from 10% interest a year, it fell to 6%. Sucks but when you consider most banks only pay 2% at most 4% for savings, I was still ahead. I then used the credit line that came with the bond and the 6% interest to get the things I wanted with 3 months to pay it back while earning interest.

In thesame year, my math teacher from HNU (shameless forgot her name), lent me a copy of Robert Kiyosaki's Rich Dad, Poor Dad. It gave me a whole new perspective on investment, passive income and consumption. Man, I see her face in my mind, I can't remember her name. She had wanted to recruit me in a pyramid numismatic gold coin business, but she ended up inspiring me to do the Marcela Bonds and indirectly, what I'm doing today. Flipping houses, Remodelling and renting out foreclosed homes we bought, and even branching out to ICM Bonds and adding to my Marcela Bonds.

Hinay-hinay lang gud. It will get there. I tried DXN MLM selling coffee and what have you. Didn't make too much but at age 19 and making around P5,000 in 2002, that was pretty good. I think. I also tried skin botanicals MLM, but all soaps. Not much, around an extra P2000 tops a month. still not bad for a 19yo. My Marcela Bonds grew from P5,000 to P8,000 in 8 years that I left it alone. P375 a year, without doing anything. Nothing to write home about but still, effortless money is effortless money. It could've made more probably if I was there managing the POs and collecting but its ok. I did add a little bit to Marcela Bond and started an ICM bond too. Still ahead of the banking and savings rate. It will take time to grow but its still earning passive income.

All the rent houses we have are passive income too...after the initial 2-3 months worth of work(meaning supervising the contractor). This leaves me with time to spend with Ryan, keep house, call Pinas every other day, call Auntie, cousins telebabad...and have time to dedicate to our HomeVestors franchise and flipping houses. Yep, also time for going back to school to get my second major. hehehe ! Bahala ug tag 2-3 subjects ra. Hinay-hinay, mahuman ra lagi ni puhon. On the upside...I get to go to Bohol every year. Twice on a good year. hehe ! I'm happy.

I guess if Mama's risk tolerance is 2 from a range of 1-10, mine is around 5-6....sir Balong's is at 10. IMHO. those things he's talking about scare me stiff. I'm likely to lose everything.

Hopefully, someday, when Ryan and I get old, we won't have thesame problems my Mama and Papa have with just relying on their savings and getting into tight spots over medical bills and emergencies. I'm praying we'll have enough to be comfy for the rest of our lives and have some left over for the kids to fight over our graves ahahaah ! bahala ug dli diamond coffin. kanang kahoy ra gud para fertilizer apil. :-)

Alice,

I read your posting top to bottom 3 times, and would like to say that maayo gajod nga hilig imohang mama mo tigomtigom. It is so very important to save, Alice, because in the case of health issues and the unexpected challenges that life sends our way, its always good to have something to lean back onto; financial security helps.

I empathize for your parents and the health issues they have, but what is evident is that they raised a child that is capable of steering her own ship's wheel (just like your father who was a sea captain) in terms of fiscal responsibility. I also like your phrase, "Hinay hinay basta kanunay..." kai tinuod gajod na. The best growth is a steady, and gradual growth, okey lang if ma dugay, basta mo grow. It is commendable that you help your parents and your family and give back to those who are important in your life. In the end, it reminds us that it really is not the money one made in life, but the teaching and the transmission of character to your children. The success of one's child is the crowning glory of parents.

Keep up your good work in helping your parents ! May God bless you !

Additionally, good job on going back to school and finishing up your second major. Mao na ! Investing in the best thing -- education. That is something that no one can ever take away.

PS. What are you studying right now?

Sincerely,
Lorenzo

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alycxs · « **Reply #146 on:** May 04, 2012, 02:22:23 PM »

Lorenz, I'm taking up Supply Chain Management, hoping to specialize in Sourcing and Energy Management. Its still in Business School but with a lot of technical stuff into it. Relatively new, but very exciting. Its very suitable for women who love bargain hunting. aka...shopping LOL

Thank you for your praise, you are too generous.

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Lorenzo · « **Reply #147 on:** May 04, 2012, 02:38:35 PM »

Advancing one's educational expertise is always a good strategy, Alice. In this world, it is beneficial to acquire further education. Keep it up gajod. I am a big supporter of educational investment. Kai, if one wants to invest in something, the best place to start is in investing in oneself.

Padayon!

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chicogon · « **Reply #148 on:** May 04, 2012, 03:06:40 PM »

Very commendable style (or philosophy) Alycxs. It takes real wisdom and guts to do what you've done (savings bonds). I know of someone very close to me who invests with savings bonds (sa una para sa iyang mga anak and later for grand kids) - doing it in the last 60-70 years. It really takes patience but it's always a sure bet, close to Lorenzo's style (CDs and Savings). Of course, the more risk you take, the bigger possibilities/potential it would usher one (good or bad)... sa dunay guts ra gyod na and those with a little to spare. These are all commendable especially if you hit big time (and they will call you a visionary for that). If not, mohiganhawa lag lalom and whisper, "Oh, well... I tried." Like many in life, it's a gamble. And only gamblers win (at times). But for most people... hoping na lang to stay healthy para wala kaayoy gastos... and kakha tuka, too (living from check to check), hoping to limit expenditures to the minimum/one's basic needs. And to the less fortunate, aw, Ginoo na lang pod bahala nila, hehehe. I'm sure there's enough for all of us.

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Lorenzo · « **Reply #149 on:** May 04, 2012, 03:09:09 PM »

Very commendable style (or philosophy) Alycxs. It takes real wisdom and guts to do what you've done (savings bonds). I know of someone very close to me who invests with savings bonds (sa una para sa iyang mga anak and later for grand kids) - doing it in the last 60-70 years. It really takes patience but it's always a sure bet, close to Lorenzo's style (CDs and Savings). Of course, the more risk you take, the bigger possibilities/potential it would usher one (good or bad)... sa dunay guts ra gyod na and those with a little to spare. These are all commendable especially if you hit big time (and they will call you a visionary for that). If not, mohiganhawa lag lalom and whisper, "Oh, well... I tried." Like many in life, it's a gamble. And only gamblers win (at times). But for most people... hoping na lang to stay healthy para wala kaayoy gastos... and kakha tuka, too (living from check to check), hoping to limit expenditures to the minimum/one's basic needs. And to the less fortunate, aw, Ginoo na lang pod bahala nila, hehehe. I'm sure there's enough for all of us.

Amen, Father R! As they say, "If you've got health, you've got wealth."

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Lorenzo · « **Reply #150 on:** May 04, 2012, 03:14:14 PM »

Reading this thread, I can't help but remember a conversation I had with my Lolo Ciano back in 2010. It was my birthday when my lolo came up and told me something that I will never forget. So i have committed it to memory; that and the fact that what he said made us both laugh (very hard!). Jokester jokester man gud ni si Lolo uy!

He said to me (in his very soft and grandfatherly voice), "Ondoy BranBran, ajaw gajod pagastogasto daghan kai dali ra ma wa ang kuwarta. If you got no money, den you got no honey. No money, no honey!" bwahahahaha!

Perting katawa gajud mi duha.

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Lorenzo · « **Reply #151 on:** May 04, 2012, 03:35:43 PM »

Sometimes, one can be wealthy within oneself and not according to outward appearance or outward riches. This is, indeed, true. Sometimes we tend to compare ourselves to how much others make, what kind of car others drive, how big others' houses are etc etc. But the true wealth is in how you feel content with yourself, the joy you have in your life.

A person can be a millionnaire and despite his or her millions, his abundance in materialistic wealth, still not be satisfied and still be not content with life. A person can have materialistic wealth , yet incapable or unable to have joy.

A person can be poor in terms of materialistic gain , yet be content and filled with inner joy due to successful investment in children. A specific example of this was when I was in Southern Leyte 2 years ago to visit my distant relatives in my father's side. As i drove from the port of Maasin towards my father's parents' hometown of Padre Burgos and Pintuyan, Southern Leyte, I could not help but observe one characteristic of Leyte -- the vastness of the coconut trees.

I had stopped by near Sogod, Southern Leyte to purchase some food to bring to my relatives in Padre Burgos. I met this old man who was selling coconut meat as well as other fruits, bags of rice etc. He was an old businessman. What was originally supposed to be a basic transaction ended up almost an hour-long conversation about life and about his children and family struggles. This man, a simple business guy, was proud of the fact that his son had recently graduated from CIT's Civil Engineering Program and had passed the engineering board exam. The man started to cry when he was describing how hard it was to save enough money to send his son to college, he ended up selling some of his land, but he was able to send his son to college. To me, what i saw in this man was the "contentedness" he found and the "joy" he had found in knowing that his investment in his son's education had paid off. That man had sold 5 hectares of land filled with coconut trees in order to pay his son's tuition. How beautiful it is to hear of a father's love for his son.

I will always remember that high quality conversation with him.

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chicogon · « **Reply #152 on:** May 04, 2012, 03:57:22 PM »

Great story, Bran. Way gyod tay ikabawos sa sakripisyo ug kasakit nga giantos sa atong mga parents para lang ta mapahuman (kitang mga anak) sa pag eskwela. Personally, my only hope to repay them is by by doing the same for some family members and others... and being good to them as I can.

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Lorenzo · « **Reply #153 on:** May 04, 2012, 04:03:55 PM »

Great story, Bran. Way gyod tay ikabawos sa sakripisyo ug kasakit nga giantos sa atong mga parents para lang ta mapahuman (kitang mga anak) sa pag eskwela. Personally, my only hope to repay them is by by doing the same for some family members and others... and being good to them as I can.

Father,

And the abundance of good graces comes back to us gajod when we help those who are needy. I was so very touched gajod to hear of your help , and yes, truly our Loving Lord works His wonder and shows His Love through the actions of people who exemplify that Love. Keep it up gajod, Father R. You really inspired me.

Tinuod gayod nga ma dungog intawn ang GINOO sa giampohan sa mga tawo. It is amazing how He works His wonders....

God Bless you always, Father R. May God always bless you and continually pour His graces onto you.....in Jesus Name, Amen.

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islander · « **Reply #154 on:** May 04, 2012, 04:25:58 PM »

Not much but more than I need.

and this, for me, is the best way. luckily, my needs are simple. luckier still, the banana republic shares such simple needs.

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islander · « **Reply #155 on:** May 04, 2012, 04:32:29 PM »

some kind of wake up call, or eye-opener, in case...

â€œdo what you love and you wonâ€™t work a day in your lifeâ€

In my last class of college, my accounting professor left our class with this story to close:

A boat docked in a tiny Mexican village. An American tourist complimented the Mexican fisherman on the quality of his fish and asked how long it took him to catch them.

â€œNot very long,â€ answered the Mexican.

â€œBut then, why didnâ€™t you stay out longer and catch more?â€ asked the American.

The Mexican explained that his small catch was sufficient to meet his needs and those of his family.

The American asked, â€œBut what do you do with the rest of your time?â€

â€œI sleep late, fish a little, play with my children, and take a siesta with my wife. In the evenings, I go into the village to see my friends, have a few drinks, play the guitar, and sing a few songs â€¦ I have a full life.â€

The American interrupted, â€œI have an MBA from Harvard and I can help you! You should start by fishing longer every day. You can then sell the extra fish you catch. With the extra revenue, you can buy a bigger boat.

â€œAnd after that?â€ asked the Mexican.

With the extra money the larger boat will bring, you can buy a second one and a third one and so on until you have an entire fleet of trawlers. Instead of selling your fish to a middle man, you can then negotiate directly with the processing plants and maybe even open your own plant. You can then leave this little village and move to Mexico City, Los Angeles, or even New York City! From there you can direct your huge new enterprise.â€

â€œHow long would that take?â€ asked the Mexican.

â€œTwenty, perhaps 25 years,â€ replied the American.

â€œAnd after that?â€ the Mexican asked.

â€œAfterwards? Thatâ€™s when it gets really interesting,â€ answered the American, laughing. â€œWhen your business gets really big, you can start selling stocks and make millions!â€

â€œMillions? Really? And after that?â€

â€œAfter that youâ€™ll be able to retire, live in a tiny village near the coast, sleep late, play with your children, catch a few fish, take a siesta with your wife and spend your evenings drinking and enjoying your friends.â€

http://cfkchronicles.wordpress.com/

-posted in tb under 7 Signs that You Hate Your Job, Â« Reply #23 on: March 20, 2012, 06:52:28 PM

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hubag bohol · « **Reply #156 on:** May 04, 2012, 09:01:57 PM »

Kasakto sa comments. Pero unsaon man, naa may uban nga materialistic jamo, kwarta ray sukdanan sa ilang kinabuhi. Ang nakaporke pa jud, mangdani pa sa uban nga mahisama kanila sa ilang kamabaw...

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balong · « **Reply #157 on:** May 04, 2012, 09:30:41 PM »

you talking about me Lord Hubag.

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hubag bohol · « **Reply #158 on:** May 04, 2012, 09:34:07 PM »

He he, always the center of the universe...

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balong · « **Reply #159 on:** May 04, 2012, 09:35:18 PM »

Kasakto sa comments. Pero unsaon man, naa may uban nga materialistic jamo, kwarta ray sukdanan sa ilang kinabuhi. Ang nakaporke pa jud, mangdani pa sa uban nga mahisama kanila sa ilang kamabaw...

ikaw, unsa may sukdanan sa imong kinabuhi nga di man gani ka maka hatag bisan usa ka diyoy ni VIRGILIO BUCIA. masoko pa man gani ka butangan naho ug amount kay hilasan ka. pagka mobo baja sa imong utok. ang ahong gi buhat mao nay gitawag ug PAKATI. para manag-ing pod ang uban. pero salamat na lang nimo na serado ang topic nga VIRGILIO BUCIA FUND

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