Dynamic Funds

As a starting small enterprise, Statements Limited targets a very specific audience. The young, learned, fulfilled and independent professionals who at an early age know who they are, what they flaws and strengths are, who they want to be and what they need to do to get to their goals.

Giant companies manufacture in numbers and sometimes, even sacrifices quality to lower prices. While others caters to the elite class, where highest quality standards and exclusivity are offered, however comes in prices considered as luxury. The result, you often find someone wearing the same shirt as you stroll down the mall or park.

At Statements Limited, all designs are indeed “limited”, thus the name itself suggest.  Once a design is printed, only a maximum of 15 shirts will be made and no more.  As the company grows, these limited designs will soon become more expensive than the price a customer originally bought it. Having one, will surely mean, exclusivity.

When it comes to quality, each individual shirt has to pass several quality control team. The shirt itself is a USA GILDAN 100% cotton shirt, perfect for the warm and wet season in the Philippines.

All of these, in a very affordable price.  Suggested retail price is at Php 795.00 plus shipping but is on a limited time offer introductory price of 50% OFF.  Make sure to visit them and like their page on facebook at www.facebook.com/statementslimited.

BENEFITS OF BEING A BARANGAY MICRO BUSINESS ENTERPRISE (R.A. 9178)

APEC SUMMIT 2015 had passed and you probably only remember the horrors it had caused you to travel through EDSA.  But you should also know that this is an important step our government is taking in order to boost our economy.  I will cover the pointers that was covered during the last APEC summit in my next blog. For now, I want to focus on the benefits of being a Barangay Micro Business Enterprise.  

Perhaps you've heard that cliche that “no one has gotten rich of simply being an employee”.  Although this is true, it doesn't mean that we should neither give up our jobs nor under perform in our work.  This only encourages us to strive even more to excel in our chosen profession, to learn the most that we can to prepare us when we decide to become entrepreneurs, and to save enough money to use as our initial capital.

Most of the business tycoon you've heard about are actually self-made. And you can be one too.  One of the programs our government has in place is to encourage and help Micro, Small and Medium Business Enterprises to grow.  

According to a recent data from the Department of Trade and Industry,  SMEs account for 99.6 percent of total registered enterprises. Out of the 820,255 businesses which operated in the country, 816,759 were SMEs while only 3,496 were large enterprises. Of these, 91 percent (743,250) were microenterprises, 8.6 percent (70,222) comprised of small firms, and less than one percent (3,287) made up medium-sized companies.

Now, what are the benefits of registering as a Barangay Micro Business Enterprise? Here are some:

1. Income tax exemption from income arising from the operations of the enterprise 2. Exemption from the coverage of the Minimum Wage Law (BMBE employees will still receive the same social security and health care benefits as other employees) 3. Priority to a special credit window set up specifically for the financing requirements of BMBEs 4. Technology transfer, production and management training, and marketing assistance programs for BMBE beneficiaries.

Start your own business, be your own boss and watch your money work for you.

Our parents would always tell us to save money so that in the future and in times of needs, we have something that we can use.  Like our common Filipino cliche... “Kapag may isinuksok, may madudukot”

Same is true until now that is why banking is very important to all of us. However, if you are thinking of growing your funds, this will never be enough. If you are trying to build funds for the college tuition of your children, or saving money to buy a house or a car.. time is not at your side on this one.

There are many ways like securities, mutual funds, equities, VULs and even investment scams... Its your choice. Anyway, it is your hard earned money.

Signs to look for while they are trying to convince you:

1. Promising quick, easy profit (Easy money.. Eh bakit hindi nag-iinvest ang banko?)

2. High or regular returns (Sobrang laki ng tubo.. bakit?)

3. Secret or complex strategy (Di mo malaman kung paano sila kumikita maliban sa pagrerecruit ng mga miyembro.. walang produkto o malinaw na patunay kung mayroon man)

4. Urgency (Yung inaatat ka na magmiyembro kaagad kung hindi, sayang daw ang pagkakataong yumaman ka.. o ang pagkakataong maloko ka.. tsk tsk)

5. Exclusivity (May requirements, mga mayaman lang daw ang miyembro o kaya naman mga friends nyo lang o mga miyembro lang ng church o organisasyon ninyo)

6. Social Network Based (Madalas online ang recruitment ng mga miyembro, o di kaya maraming mga website at social page na puro pangungumbinsi sa biglang pagyaman. Ang masakit pa, mga friends mo pa ang kamag-anak ang mag-iinvite sa iyo at karaniwan na, hindi nila alam na na-scam na sila. Hindi po proof na hindi scam kung may nakakuha na ng pera, ilang ulit po ba natin kailangan ipaalala yan?)

Signs to look for if you suspect your into one:

1. Dominant Individual (May isang miyembrong pinakasikat, yumamaan dahil umano sa negosyo ito at palaging laman ng media, mga interview, nasa lahat ng mga big day event kung saan maaaring makahatak pa ng mas maraming miyembro, laging ipinapaypay ang limpak limpak na salapi ang cheque na kinita niya umano sa kumpanyang iyong kinabibilangan)

2. Prolific Spending (Walang patumangang paggasta ng mga lider ng grupo, magarbong mga party, hotels, mamahaling mga sports car at yacht na lagi nilang ipinangangalandakan sa kanilang mga miyembro bilang pang-enganya sa mabilis na pagyaman.. Di ninyo alam, perang ipinuhunan ninyo ang ipinambili diyan.. Tsk tsk..)

3. Paperwork Issues (Walang maayos na mga resibo, magulo o di kaya’y di nakapubliko ang mga papeles at balance sheet ng kumpanya. Madalas pa, nakakasuhan ng BIR ng tax evation dahil sa mali maling pag-aaudit ng kanilang pananalapi. Madalas ang mga numerong ito ay inimbento lang.)

4. Redemption Issues (Pahirapan sa pagkuha ng iyong pera, maraming mga kundisyon at pasikot-sikot)

5. Impossible to Contact (Pahirapan din sa paghahanap ng makakausap ukol sa mga issues legal at pinansyal)

6. Lots of Legal Action (Idinedemanda at nagdedemanda ng madalas. Isa nga rito ang tax evation.. Kung nakikita mo ito sa kinabibilangan mong organisasyon.. Mag-eesep esep ka teh!!)

Excerpt from Financial Literacy (FinLitrc)                                                                   by Peter Mordaunt and Paul Clitheroe

UPDATE ON HOUSE BILL 4829, TAX CUT

“Marikina Rep. Miro Quimbo, chair of the House committee on ways and means, said  the DoF’s backing House Bill 4829, which he principally authored, would set the stage for the measure to be taken up in the plenary by next month.  Congress is eyeing the enactment of the bill into law by 2016.“

TAX CUT FOR LOW AND MEDIUM INCOME EARNER

Under the proposal of Rep. Romero S. Quimbo (2nd District, Marikina City), the House Bill 4829 seeks to adjust the levels of taxable income brackets and the corresponding base amount of tax for compensation income earners based on updated Consumer Price Index (CPI).

What does that mean? Look at the table below and see how much less tax you will have to be paying:

Compensation Income                                    Tax Percentage

Cedula: The Overtaxed Filipino People

Today, I went to the City Hall to secure an Individual Mayor’s Permit as part of my employment requirements. I was surprised to discover that Cedula is still part of the required documents that I still need to obtain in applying for a Mayor’s Permit.

Just what is a Cedula or also known as the Community Tax Certificate?

According to Wikipedia, community tax certificate (Filipino: sertípiko ng buwís pampámayanan) or sédula (from Spanish cédula), also known as a residence certificate, is a legal identity document in the Philippines. Issued by cities and municipalities to all persons that have reached the age of majority and upon payment of a community tax, it is considered a primary form of identification in the Philippines alongside the driver's license and the passport, and is one of the closest, single documents the country has to a national system of identification.

The Philippine Star columnist, Federico D. Pascual Jr. also wrote the following online on April 11, 2013: Cedula tax is a case of double taxation?

“GOOD NEWS: The Bureau of Internal Revenue is finally waking up to the fact that the cedula (now called Community Tax Certificate) is an undue imposition that serves no purpose except to overtax people.

Urging the scrapping of the Community Tax Certificate, BIR Commissioner Kim Henares notes that it is an unreliable means of identification. Some of the CTC money collected is just stolen, she adds.

Since the Marcos regime, I have been writing that the cedula, which Filipino revolutionaries tore up more than 116 years ago in protest against Spanish colonial misrule, be abolished.

*      *      *

WHY SCRAP IT?: My own reasons for opposing the continued use of the cedula are:

• As a form of identification, it is useless. It is easy to secure a cedula under any name. The name on the piece of paper is not necessarily that of the bearer. It has no picture and can carry any signature.

• Collecting a residence or community tax is wrong. Why should a Filipino be taxed for residing in his own homeland? Aliens may be required to pay a fee/tax for the privilege of residing here, but not Filipinos.

• Collecting a community tax is double taxation. The variable cedula tax paid is based on one’s INCOME and REAL PROPERTY, which are separately taxed already.

Some hotshot lawyer should file a petition to take down from the books this anachronistic and illegal imposition.

*      *      *

NEW ID NEEDED: When a person transacts business with the government or attests to public records, instead of the usual cedula he can now use another proof of identification, such as his passport or voter’s and social security ID.

Henares mentions that not all cedula collections of local governments reach the national treasury. The amount actually collected is easily under-reported by “doctoring” the duplicate or carbon-copy receipt.

The administration should work on the issuance of a lifetime electronic ID card, loaded with the holder’s biometrics, and the assignment of an individual birth-to-death social security number for every Filipino.”

Even Chiz Escudero expressed the same sentiments about this additional burden to the Filipino people.

The young lady before me got her cedula for Php 30.00 and I got mine at Php 264.00. Well, just so you know, I will tell you how to compute your cedula at least you know if you are being charged too much.

How long will it take me to buy a brand new Audi A6 if I can only save Php 5,000.00 a month??!

Since I started understanding how cool it makes a guy to have a nice car, I had always wanted an Audi car. And now that I finally realized how difficult it is to go around the city either to go to work or simply to meet a business client, I know so well that I need an Audi A6 2009. Specific? Yes. Because that is how we should make short-term goals. SMART goals as they say. If I can only save Php 5,000.00 every month of my salary and the current market price of this dream car of mine is at Php 5,000,000.00 for a brand new unit, how long will it take for me to afford it?

Bank savings interest rates in the Philippines:

Audi Car Fund:

March - Philippine Fire Prevention Month: Ligtas ka ba sa sunog??

Nakakalungkot talaga. Makikita mong nilalamon ng apoy ang lahat ng mga pinaghirapan mo. Ayon pa sa balitang lokal, nananakit na ang ilang mga residente ng mga bumbero. Inaakala kasi nilang nagpapabaya ang mga ito at nagpapatumpik-tumpik sa pagresponde sa sitwasyon. Totoo, matinding galit ang nararamdaman ng mga nasunugan, bakit nga naman hindi kung alam mo na paggising mo bukas ang lahat ng mga pag-aari mo ay nauwi na sa abo. Pero tama ba na isisi natin sa ibang tao ang lahat ng pangit na nangyayari sa ating buhay? Una, mahirap talagang manirahan sa isang lugar kung saan tabi-tabi ang mga kabahayan. Kung magsimula ang sunog dahil sa kapabayaan ng ilan, dahil sa masikip na kalsada, di agad-agad makararaan ang mga truck ng bumbero upang rumisponde. Magiging malaki ang posibilidad na kumalat ng mabilis ang apoy. Pangalawa, tayo mismo ay mahilig na magwalang bahala; bibili ng mga di-ligtas na electonics tulad ng mga extension cords, christmas lights dahil lamang sa ito ay mura, o kaya naman ay mag-ooverload ng mga saksakan. Ikatlo, ilan lamang ba sa ating mga Pilipino ang kukuha ng insurance para sa ating mga tahanan? Sa palagay ko, malinaw na ang kasagutan sa tanong na iyan. Ngunit sa ganitong mga pagkakataon, malamang ay malaki ang pasasalamat ng mga taong mayroong home insurance dahil hindi sila magsisimulang muli mula sa wala. Pero bakit nga ba wala? Kasi iniisip natin na "hindi mangyayari sa akin iyan!" o "mura lang naman ang bahay namin, at wala na akong extrang perang pambayad sa insurance". Ayan, ayaw kasi nating gumising sa katotohanan na tunay na nangyayari ang lahat ng ito. Basta babayaran, ayaw natin kahit di pa natin naiintindihan ang kahalagahan nito para sa atin sa hinaharap.  Ang gusto nating bilhin ay ang mga malalaking TV set, mga magagarang kotse, mga mamahaling sofa at kagamitan sa bahay, mga malalakas na home theater/ surround sound. Hindi ba? Pero sa panahon ng sunog, papaano na? Ang lahat ng ito ay mauuwi sa abo o sa kamay ng ilang mapagsamantalang mandarambong. Oo, nasunugan na, ninakawan pa?! Hindi na yan bago. Ang ating mga pinaghirapan, inilalagay natin sa mga bagay rin na nawawalan ng halaga at naglalahong parang bula. Para sa mga katanungang mga kinalaman sa wealth planning at financial investments, tawag lang sa +639052960525.

EMGOLDEX - A profitable way to investing or a definite doom to losing your hard-earned money??!

Three Main Reasons Why Many Filipinos Don't Buy Life Insurance