7 Ways To Lower Your Amortization

For many borrowers, a low, affordable amortization is the primary consideration rather than the total interest expense. 1. Get an adjustable-rate loan, to take advantage of rate dips, but only if there’s a rate cap. And make sure you will still be able to afford the monthly amortization in case the rate reaches the ceiling.  2. Go for the longest term. The typical duration of a mortgage is 20 years for houses and lots and 10 years for condominiums. Nowadays, some banks offer as long as 25 years for houses...

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How to Borrow From a Friend or Relative without Losing the Relationship

When William Shakespeare said “neither a borrower nor a lender be,” he was probably referring to Evelyn Corpuz. The 37-year old, who used to work for a variety show in a television network, learned that borrowing money indeed can pose a hazardous threat to a relationship. Not only is she P30,000 in debt to both her mother and sister, she admits she feels guilty about not paying them back – it has already been over a year since she borrowed from them.   And aside from not having a job right now to pay back the money lent to her, the sad part about the whole thing is that her relationship with her mother and sister isn’t what it used to be. It has become a little bit tainted, all because she is having a difficult time paying her debt....

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Health Maintenance Organizations Listings

Blue Cross Health Care, Inc.8000 Makati Avenue, Makati City Phone 899-8001 Fax 899-5392 Email: Marketing@bluecross.com.ph Website: http://www.bluecross.com.ph   CAP Health Maintenance, Inc.Miriam House, #151 Legaspi St., Legaspi Village Makati City Phone 892-8562; 810-9481; 810-9438 Fax 810-9329 Website: http://www.cap.com.ph Email: chealth@pacific.net.ph...

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10 Tips on Saving Money on Car Insurance

Buying car insurance coverage is not as simple as selecting a commodity from a shelf. Studies have shown that people don’t shop around for insurance in the same way they shop for a new car. Whereas everybody is always excited to go through all the nitty-gritty of selecting the make, model, color, features, and accessories of the car, including its price, people rarely understand the value of paying the premiums for comprehensive insurance coverage for their car. Accidents can happen to anyone. According to the Department of Health, road accidents are the 4th leading cause of death in the country today. If an unfortunate car accident claims the life of a person, it will result to emotional trauma and a financial headache for everyone involved....

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Putting Your Money in Time Deposits

Time deposits have been a favorite financial product of many Filipinos. Apart from real estate, putting one’s long-term savings in time deposits is very typical for most people. So what makes them so attractive? And are they still a good investment, given alternatives like mutual funds, unit investment trust funds, and variable unit-linked insurance products? Here’s a quick primer: What are time deposits?   Time deposits are interest-bearing bank deposit products that have a fixed term or period, during which they cannot be withdrawn. The advantage, says Jesus Vicente Garcia, Executive Vice President and Branch Banking Group Head of Philippine Veterans Bank, is that “time deposits earn higher interest rates, depending on the amount placed and term.”...

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The Most Powerful Wealth Building Secrets Known

I'd like to share with you 9 of the 26 mindset that all these great masters of business building and life mastery have possessed. 1. Setting And Playing By Their Own Rules. The successful people I have studied did what they wanted - the way they wanted to do it! They didn't hold back. Nor did they follow the status quo. 2. Easily and Effectively Overcome Obstacles. No matter what the setback (financial setbacks, health problems, cash flow difficulties, lack of education) EVERY successful person managed to triumph over their obstacles (and everyone of them had at least one). 3. Turning Negatives Into Positives. The super achievers I studied did one thing better than anyone else they competed against. They reframed every problem or disappointment they faced into a solution...

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Starting A Money Changing Business

There are many places that have a strong demand for a money changing business. The growth of tourism and our large OFW  population has guaranteed a huge market to be tapped by money changers. This is one opportunity you may not want to miss. It is a simple business if you know how to start and operate it. Below is a shortened and simplified step by step procedure to give you a basic idea on this business:   1. Find an ideal location. The key to success in this business is to secure a location in a place where there are many potential ...

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6 Things What Every Start-Up Entrepreneur Must Know

There are a million and one details that you need to look into, and you can easily be overwhelmed by all that you need to know. A key point to remember is that you do not have to be an expert in all these areas,­ just reasonably knowledgeable. Otherwise, being seriously deficient in one area could ruin your chances. What are the things that you should know if you want to start a business? Below are the various aspects of a business that you need to know. 1. Technical aspects of the business. Know everything there is to know about the business that you are entering. The more you know about how things are done in the business, the better you can serve your clients and manage your business. Plus, the knowledge will protect you from scam artists out to fleece newbies...

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Pricing Your Product

Pricing is one of the most important factors you must consider in whatever business you plan to put up. The idea is not to price your product or service too high or too low. If your price is too high, not too many people will be able to afford your product or service. If it’s too low, customers won’t buy it because they’ll think what you’re offering is of inferior quality. There’s no hard-and-fast rule in determining the right price for your product or service, but there are a few things you’ll want to keep in mind when doing so. One is the cost of your merchandise or service. At the very least, you’ll want to recover the cost of producing your product or service for every sale, and to know your recovery cost you must first determine the cost of producing it. Your cost has two components:...

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HOW TO REGISTER A BUSINESS

What’s in a name? A business name is a name under which a business operates. Business name registration is compulsory and must be completed before the business starts operating. Choosing the right name for your new business is extremely important. Your business name distinguishes your products and services from those of your competitors, and helps to establish your identity in the marketplace. In putting up a business, there are several government agencies you have to register with depending on the type of your business. These are the following: ...

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Are You Ready to Start a Business?

This assessment tool is designed to help you better understand your readiness for starting a small business. General Questions Do you think you are ready to start a business? Have you ever worked in a business similar to what you are planning to start? Would people that know you say you are well suited to be self-employed? Do you have support for your business from family and friends? &nbs...

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