3-Day Book Flash Sale!

By Randell Tiongson on February 8th, 2020

Great news! I am having a special Flash SALE for my Books! This is only a 3-Day sale so here’s your chance to get a copy of my two highest selling books at a big discount! S.R.P. for both books are at P1,000.00 but you can now get them for only P700.00 or 30% off! Here’s more, I am waiving the shipping cost for Metro Manila orders! For provincial orders, please add P100.00. 

To order, please follow the simple instructions below:

1) Deposit to BDO S/A 006440069496, John Randell Tiongson or BPI S/A 0249-1113-09, John Randell Tiongson

2) Scan or take a screen shot of the deposit slip or transfer advise and email to [email protected] along with your name, complete mailing address and mobile phone number.

Offer ends February 10, 2020. Invest in your financial future now!

 

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The first no nonsense step and the known design of God for Man

By Randell Tiongson on July 24th, 2019

Over the years, I have had the privilege of mentoring and discipling a number of people that has grown leaps in bounds with their profession and their life in general. I believe that teaching others is something we should all be espousing and investing in others will truly bring exponential returns in one way or another.

One of the people I was privileged to meet just a few months ago whom  I was at awe seeing his passion and drive to have a positive impact on others — Ian Dilla, the founder of Wise Peso. I have been reading a lot of his posts and they are truly insightful. I also have the privilege of now being a good friend to Ian and I asked him to do a guest post for my site. Enjoy Ian’s thought provoking and heart warming post…


Where should my focus be?

After going through the first No Nonsense step of Mr. Randell Tiongson, improving cash flow, the tendency for a lot of us is to abandon our focus on it and shift to investing for the future

It is the first step for a reason, and it is not something that we should abandon. It is, even, not something that can be finished

When God created man, He put him in a garden to cultivate it and keep it. (Genesis 2:15)

Work is part of God’s design for man, and in the Bible, it is mentioned right after the creation of the first man, Adam. So, to cultivate and keep the garden He planted for us and put us into is to fulfill our purpose.

I used to think that when I pray, God answers it by giving me what I specifically prayed for. But when I realized that God planted a garden for each and every one of us, I understood that God answers prayers by giving us everything that we need to realize what we have been praying for.

When God planted the Garden of Eden, it had everything that Adam and Eve will ever need. The only thing they have to do is cultivate it and keep it. We can see here how God is a very practical God. Cultivating and keeping the garden is not a prerequisite that God gave Adam and Eve before He sustains them. Cultivating and keeping the garden is necessary because, simply if they don’t, the garden will die and will eventually be unable to give them sustenance.

We pray for financial freedom, a good retirement, a huge house, or a nice car. These are our goals. God does not just give us what we asked for, he answers our prayers by giving us everything that we need to realize our goals. The moment I understood this, I prayed and asked God, “What is my garden?”.

What did He give me or where did He put me to realize my goals?

His answer to me is my job and the organization I am part of…

Each one of us is currently working in the organization we are with or on a business we put up for a reason

It is not a coincidence that the first No Nonsense step, improving cash flow, is the direct result of being excellent in our job or business. Improving cash flow is the direct result of cultivating and keeping the garden God has given us

If you ever had the chance to visit provinces around the Philippines and countries around the world, you will know that there is no standard size for a place before it can be called a garden. Your backyard and Singapore’s Gardens by the Bay are both classified as a garden.

All gardens are not made equal, just like your “garden” is not as big or glamorous as your friend’s. But this doesn’t mean that your friend is better than you or God is biased towards blessing him more. This only means that God is still dealing with something in you to prepare you for your next garden. Cultivating our garden also means being excellent gardeners by improving our abilities and character.

God gives us what we need, but He also only gives us what we can handle. Imagine if you are given a huge garden but you are simply not ready for it, the pressure might destroy you and God is protecting you from that. After all, God will not keep us within the confines of our current garden if we have proved our abilities and character ready, fulfilled our mission, and cultivated the garden for Him. He Gives us a bigger Garden which also entails more challenges, but because He gave it to us, He knows that we are ready.

This is how we should approach improving cash flow. We should not abandon it when we feel like we’ve done it once or a few times. We should keep improving it by cultivating the current garden given to us by God.

Getting out of debt, setting up emergency fund, getting protected from life’s risk, and Investing for the future are all what God wants us to do. These are also found in the Bible. But improving cash flow is the product of excellent work, and work is one of God’s first and main design for man.

Ian Dilla is a Financial Adviser from Cardinal Buoy Financials and founder of the Facebook page Wise Peso. The Facebook page was able to accumulate over 20 Thousand followers in less than a year because of Ian’s distinctive and pragmatic view on personal finance. 

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Is diversification difficult?

By Randell Tiongson on February 7th, 2019

You often hear the word “diversification” when investments are discussed. Diversification is important; in fact, it is considered one of the most effective risk-management tools, minimizing investment losses.

What does Investopedia (a favorite online site for investment stuff) say about diversification?

“A risk-management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique contends that a portfolio of different kinds of investments will, on average, yield higher returns and pose a lower risk than any individual investment found within the portfolio.

“Diversification strives to smooth out unsystematic risk events in a portfolio so that the positive performance of some investments will neutralize the negative performance of others. Therefore, the benefits of diversification will hold only if the securities in the portfolio are not perfectly correlated.”

Diversification is often misunderstood and its execution has always been a mystery to many. To many of us, diversification is just putting your money in different banks or buying different pieces of property in different areas. However, diversification is much more than that and here are some ways to diversify:

1)  By asset class — Cash or near cash (savings or checking accounts, time deposits, treasury bills or money market accounts); fixed income (government securities, corporate bonds); equities (stocks); real estate (properties); collectibles (paintings, jewelry, etc.); enterprise (business)

2) By time frame — short term (about a year); medium term (up to about five to seven years); long term (over seven years)

3) By risk — conservative, moderate, high or speculative

4) By liquidity — highly liquid vs. non-liquid

Above are just a few ways to consider classifying your assets/investments regarding diversification. Here are some diversification tips: vary your asset classes; combine short-, medium- and long-term investments; combine highly liquid and non-liquid assets.

By practicing diversification, you are also practicing sound risk management. A properly constructed diversification strategy will minimize the risks of your investments and, at the same time, give you better yields as compared with taking an ultra-conservative position. With a good diversified portfolio, the risk of totally wiping out your wealth is highly unlikely, but at the same time, allow you to experience better growth which will be more than inflation.

But diversification also has its downside. Sometimes, a portfolio that is too diversified can also prevent you from earning properly, as the volatility of many of the players in your portfolio can cancel each other. However, having a very risk-averse position can be just as dangerous as taking a risky option, as inflation can erode the value of your wealth. The more prudent option then would be to learn diversification.

Do not be too afraid to try out diversification, it is not rocket science. Come up with a diversified program that is consistent with your investment objective, risk tolerance and time frame and you are on the road to achieving financial peace.

I really like the way the Bible talks about diversification. Yes, the Bible is a good source of investment wisdom and here’s proof: “But divide your investments among many places, for you do not know what risks might lie ahead.”—Ecclesiastes 11:2 (New Living Translation). Since the Bible advocates diversification, I am assured that it’s a great idea.

Catch me at my seminars for our Overseas Filipinos in the UAE and Japan this March and April 2019.

Registered Financial Planner Program UAEwww.bit.ly/RFPUAE2019

Money Talks UAE 2019 – www.bit.ly/MTUAE2019

Investing Insights Japan 2019 – www.bit.ly/investinginsightsjapan2019

 

 

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