Millionaire Acts

In one of my previous articles, I described what are assets. Kiyosaki distinguished that assets will FEED you while liabilities will EAT you. Assets bring in money while liabilities drain it out. Having said that, the true mindset of the rich having the proper mindset in financial intelligence is to build income-generating assets. And this is where the idea of multiple sources of income comes from. How many sources of income do you have? Most of us only have our jobs as our sole source of

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Last March 30, 2011, Bank of the Philippine Islands (BPI) completed the acquisition of Odyssey Funds from ING Bank. As part of the acquisition, Odyssey Funds will now become part of the BPI Asset Management Group. Before acquisition, these funds are record holders in the whole portfolio of Unit Investment Trust Fund (UITF) products offered by banks in terms of returns. They registered one of the highest yields as compared to others. However, availability back then is limited as it requires

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What are assets? In your accounting 101, you learned that aside from cash itself, assets are anything that has value which can be converted to cash. However, according to Robert Kiyosaki, as many of you have known, ASSETS are anything that puts money into your pocket while LIABILITIES drains money out of it. He then continued to say that if you stopped working, ASSETS will feed you while LIABILTIES will eat you. Is Your House an Asset or Liability? Now, going back to the definitions of

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Readers and visitors of my blog, I invite you all to a seminar to be conducted by my colleague, Ray Alejandrino. The seminar entitled “Strategic Investing and Practical Fundamental Analysis” will teach attendees about investments particularly in the field of bonds, mutual funds, UITFs, and stock market using economic, industry and company analysis. It is for aspiring investors who wants to broaden their understanding of how their money works for them through investing. Here are

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Mutual funds are definitely becoming more and more popular nowadays since more and more people are looking for ways to grow their money aside from the usual saving and time deposit accounts offered by banks. Mutual funds open the door to a simple, uncomplicated path to increased wealth. They’re also one of the best ways to diversify your investments and spread your risk. As I mentioned in one of my articles before, mutual funds are companies that gathers a large pool of money and invest

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