Good Morning sir, Iam into lending business (licensed), though working on a small capital, is this a good business to invest more. whats your take on this.

Please use visit this contact link for the advise and info request from Mr. Francisco Colayco.

thanks

I am one of the many overseas Pinoys who have read your books. I also had the opportunity to listen to you when you spoke on financial independence and wealth management before the Filipino community in Jeddah sometime a year ago.

I have invested in mutual funds with a well-known fund management and insurance company, one of the leaders and the oldest in its business in the Philippines. It is either wholly or partly owned by one of the most reputable financial institutions in the world. A few weeks ago, at the start of the present US (now global) financial crisis — already a worrisome development for all of us particularly with hard-earned money, no matter how small, investmented in mutual funds and stock market — this US-based organization was at the brink of collapse, but was bailed out by the US Federal Reserve. (The other, an investment bank, was not as fortunate as we all now know.)

Even as we subscribers are told the said Philippine company is in excellent shape (save perhaps for the would-be effects of the present turmoil), with solid financial base, and still strong customer support amidst this difficult time, the parent organization in the US has to sell it as part of its worldwide divestment plans in order to meet its US obligations. Reportedly, top contender buyers are very reputable Philippine leaders in the local banking/financial sector.

My worry now became two-fold: (1) The crisis itself and its effect on my funds; and (2) the fact that the company managing the funds is up for sale.

What should I do? Pull out and put money elsewhere, hold, continue to buy, or wait-and-see (and if so, until when?)

As if the above are not enough to worry about, I also have educational plans, life insurance, and a few US dollars within the same group.

Please help. Your urgent advise will be highly appreciated.

Many thanks,

Gerry T. Relingo

I’m an OFW here at UAE. I have recently applied for a salary Loan and planning to buy a lot and would like to set up a Catering Business. My main concern here is about my wife and the business. My wife is a plain housewife for 11 years, she’s an AB pycho Grad. she was able to teach only for one year but for almost 10 years she’s just a plain housewife. She told me she wanted to work but the problem is she dont have the self confidence and experience. Thats Why I planned to put up a business for her. At first she dont like the idea but i forced her to attend a Catering Seminar at Negoskwela. The training turned out fine, but still she feels that she’s not ready yet to manage it. She needs first to gain experience and self confidence and how to deal with people by applying a Job. I’m not against her plan to look for a job but the problem is we have 4 kids, and the youngests are 5 & 6. We’re in Quezon province and a friend of ours told her that he can send her resume to his friends at manila if she wanted a job. But what Im telling her is that she dont need a job, and what she needs is a Personality development and self motivation. Coz she told me once she have that and maybe thats the time she can manage the business that I’ve wanted. Do you have a Training or seminar so that My wife can attend. Please reply. thanks

Good day Sir!
I am one of your famous books reader and i enjoyed reading it,
I learned how can i save my money and know different type of income.
But my problem is its hard for me to save my money because as of now
I’m still studying,
and my question is for me as a college student
what is a best way to have a good business in my future?
im 4th yr Comp. Engr. and working as Service crew in a fine dine-in Restaurant.
im also interested in joining MLM(multi-Level Marketing) or Networking..
is that good way or posible way to achieve my goal?
or just a steping stone…

please help me…
I want to start my career while im still young.

ThankS and MOre pOWer to your site..