Joining this contest is very simple. You just need to answer this… “This program can help me become successful because…” Post your answers below. I will forward all your answers to Mr. Francis Kong himself to select the best 2 answers and I will post the winners here and also notify them by email. Deadline will be on February 18, 2012.

See you there!

Without a doubt, Francis Kong is the most sought after inspirational & motivational  speaker in this country and for those who have heard him would agree that he is truly ‘world-class’. I have listened to him dozens of times and even shared the platform with him and I always find myself overwhelmed with awe. Seminars featuring Francis is something I have always recommended.

On February 24, Francis Kong will run his signature Winning Disciplines for Success event at the SMX and I find it a treat that the event will also feature another favorite speaker of mine, Butch Jimenez among others. I’m so pumped up for this event that I am moving my trip to Cebu so that I can catch this life-changing event. See you there!

For your inquiries, please call Inspire at 687-2614

Catch me, Francis Kong and Jayson Lo this November 11, 2011.

For inquiries, send email to jddoce@yahoo.com or visit www.stepstofinancialpeace.com

————————-

What to Do With P 100,000: Three Goals to Fulfill Before Investing

If you had P 100,000, what would be the best way to invest it—assuming you have an emergency fund for crisis situations and no debt? How do you ensure your financial well-being?

“You must determine your investment objective,” says Personal Finance coach, Randell Tiongson. “What is your time frame? What is your tolerance for risk? These are some of the questions you have to ask yourself.”

What you do will depend on whether you see yourself as a low-, moderate-, or high-risk investor.  ”Whatever your goals are, you have to become a no-nonsense investor.

If you are not too keen on risks such as loss of capital, (in other words, you are a low-risk investor) you could look into time deposits, special deposit accounts, treasury bills, or mutual funds/ Unit Investment Trust Funds (UITFs) that are invested in fixed income securities or bonds.” These investments, Tiongson says, are low-yield investments but they are highly recommended for those who want to play it safe.

For moderate-risk investors, he has this advice: “You can look at mutual funds/ UITFs that have both bonds and stocks in the fund, popularly referred to as ‘Balance Funds’.”

For high-risk investors, Tiongson recommends investments that have higher yields— the stock market or going into business.

It is good to set short-term and long-term goals, says Tiongson. He suggests three financial goals you can set for yourself for 2011. Your first goal, he says, is to aim to have a positive cash flow. “Balance the budget and ensure there is a surplus. Everything starts from here. In simple terms, that means you must earn more money or spend less money. It’s actually best if you do both.”

Secondly, you should set savings goals. Foremost, aim to set up an emergency fund equivalent to at least three months’ worth of monthly expenses. Once this has been set up, set savings goals for your short-, medium-, and long- term needs.  Dedicate yourself to generating the amounts you have set as your savings goal.

Your third goal should be to start building your capability to invest. Tiongson suggests that after an emergency fund has been set aside, one should create a separate investment fund, set up solely for the purpose of investing. “Build on it peso by peso. Wait for good investment opportunities.”

Once you have set your financial goals, you may feel that you do not have the resources or the sufficient know-how to achieve those goals. Tiongson outlines specific steps that you can take to ensure your financial well-being. “Budget well,” he says. “Itemize all your expenses and arrange them according to priority. Knowing what you need to spend on helps your budgeting process. Adjust your budget accordingly to ensure you will have a surplus. Be prepared to cut on spending for your wants (as opposed to spending on your needs).”

Finally, Tiongson says that you should also make sure you pay close attention to building your skills, whatever the job or position you hold. “Education is an investment. Build on your competence. In fact, education could be what sets you on the road to earning more money.”

Tiongson wrote “The Twelve Easy Steps to Financial Wellness” as an add-on to the UCC Vision Logbook, available at UCC Coffee Concept stores. Building on the theme “Positive Change and Planning for Change,” the UCC Vision Logbook aims to deliver to loyal UCC customers a blend of motivational and practical information to bring about positive change.

The UCC Vision Logbook was put together by Tiongson, visionary restaurateur and UCC owner Hubert Young, motivational speaker Francis Kong, mind mapping expert Raju Mandhyan, and entrepreneurship advocate, Jay Bernardo, for Let’s Go Foundation.

UCC customers can avail themselves of the basic vision logbook by presenting an accumulated P5,000 in UCC Coffee Concept Store receipts. A customer may claim the logbook by presenting receipts issued within the promo period (December 15, 2010, to February 28, 2011). More add-on modules designed by the Beacons of Change are also available for every P 1,500 single minimum receipt purchase at UCC Coffee Concept Stores within the promo period.

Discipline #1: Breakthrough Entrepreneurs have a junkyard dog mentality.Are you persistent with your business? Or are you easily shaken and give up quickly? Breakthrough entrepreneurs are like junkyard dogs — they are tenacious and hang on no matter what because they are focused on their goals.

Discipline # 2: Breakthrough Entrepreneurs are committed to devote their time and energy on their idea. Do you make time in your day or week threshing out your ideas that have potential? Breakthrough entrepreneurs put in time and effort into bringing your ideas to fruition.

Discipline #3: Breakthrough entrepreneurs like working with people. Do you enjoy working with other people or would you rather work alone? Breakthrough entrepreneurs like working with people and dealing with all sorts of personalities.

Discipline #4: Breakthrough entrepreneurs focus on the solution, not on the problem. If there’s a problem, do you spend time finger pointing or fault finding? Breakthrough entrepreneurs acknowledge the problem, quickly identity the cause, and move on to finding a solution.

Discipline #5: Breakthrough entrepreneurs are willing to share the pie with others. Are you a believer in winner-take-all and zero-sum games? Or do you believe in win-win and are willing share the pie with others? Breakthrough entrepreneurs  are big on having strategic partners and generous incentives to employees.

Discipline #6: Breakthrough entrepreneurs are always itching for something new. Are you content with what you’ve accomplished? Or do you keep trying to shake things up? Breakthrough entrepreneurs are always experimenting and trying new things.

Discipline #7: Breakthrough entrepreneurs are innovators. Do you believe in the adage “don’t fix it if it ain’t broken?” Or do you enjoy experimenting and doing something different? Breakthrough entrepreneurs are creative and innovative in their business approach.

Discipline #8: Breakthrough entrepreneurs have adequate backup resources.When you start a business or launch a new product or project, do you go “all in?” Or do you have adequate resources in case something goes wrong? Breakthrough entrepreneurs always make sure they have a Plan B.

Discipline #9: Breakthrough entrepreneurs are lifetime learners. Do you think training and investing in learning is a waste of time and money? Are are you always learning new things? Breakthrough entrepreneurs are open to new ideas, knowledge, and information — and are willing to invest in learning.

Discipline #10: Breakthrough entrepreneurs know and live out their winning business philosophy. Is money all there is to it for your business? Or do you consider your business also in terms of your purpose? Breakthrough entrepreneurs serve a cause higher than themselves.

Catch Francis Kong at the 2nd Disciplines of breakthrough Entrepreneurs Program! For inquiries, CLICK HERE

Entrepreneurship, Personal Finance and Personal Excellence from 3 Great Minds! Chinkee Tan, Randell Tiongson and Francis Kong.

For an unbelievable low cost of only P250 or P100 if you are a student, you can be part of this once in a lifetime event in Bacolod.

For inquiries, please get in touch with Paul Acha at 09228244896 or 09277798866.

For inquiries, please send an email to jcignacio.magalong@gmail.com