Tuesday, September 18, 2012
New Web site - The Girl Ninja
Monday, June 8, 2009
Secret to financial freedom
I received the following story from a friend. It is VERY appropriate.
To achieve financial freedom, one must need to specify the financial goals and objectives she wants to attain. For example, in my case, I aim to earn $6,000 a month (from freelancing only) starting January 2010 - $2,000 more than what I am making now. Right now, all my efforts are devoted too achieving this goal.
Aiming for financial freedom without a specific goal is like jumping blindly. Our eyes should ALWAYS be wide open when it comes to wealth management
A boat docked in a tiny Mexican village. An American tourist complimented the Mexican fisherman on the quality of his fish and asked how long it took him to catch them.
"Not very long," answered the Mexican.
"But then, why didn't you stay out longer and catch more?" asked the American.
The Mexican explained that his small catch was sufficient to meet his needs and those of his family.
The American asked, "But what do you do with the rest of your time?"
"I sleep late, fish a little, play with my children, and take a siesta with my wife. In the evenings, I go into the village to see my friends, have a few drinks, play the guitar, and sing a few songs. I have a full life."
The American interrupted, "I have an MBA from Harvard and I can help you! You should start by fishing longer every day. You can then sell the extra fish you catch. With the extra revenue, you can buy a bigger boat."
"And after that?" asked the Mexican.
"With the extra money the larger boat will bring, you can buy a second one and a third one and so on until you have an entire fleet of trawlers. Instead of selling your fish to a middle man, you can then negotiate directly with the processing plants and maybe even open your own plant. You can then leave this little village and move to Mexico City , Los Angeles , or even New York City ! From there you can direct your huge new enterprise."
"How long would that take?" asked the Mexican.
"Twenty, perhaps twenty-five years," replied the American.
"And after that?"
"Afterwards? Well my friend, that's when it gets really interesting, " answered the American, laughing. "When your business gets really big, you can start buying and selling stocks and make millions!"
"Millions? Really? And after that?" asked the Mexican.
"After that you'll be able to retire, live in a tiny village near the coast, sleep late, play with your children, catch a few fish, take a siesta with your wife and spend your evenings drinking and enjoying your friends."
And the moral of this story is: ......... Know where you're going in life....you may already be there.
Tuesday, February 10, 2009
Update: BPI Trade account
Yesterday, I received an email that my BPI Trade account has been activated - a day after I received an email confirming that the bank has received the documents which my Branch transmitted to them. (I should go and thank sir Vic again). Not bad - 10 days processing.
While waiting for my BPI Trade account to be enrolled in my existing BPI expressonline accounts (which will make funding the trade account much convenient), I will familiarize myself with the BPI Trade platform. Really, I can not wait. I even can trade in mutual funds and fixed income through the platform. Yay! So excited.
Here is a screen capture of my account.
Below is an excerpt of the email.
The excerpt:
Greetings from BPITrade!
Welcome to BPITrade. You can now Sign-In to www.bpitrade.com using your nominated user ID and password.
Your BPITrade Bank Account is now ready to receive your initial investment. Please deposit your initial investment to the BPITrade Bank Account that we have opened in your name. To view your BPITrade Bank Account Number, please logon and go to the "Portfolio" screen.
IMPORTANT: Please note that your initial investment will be the funds that you will use to purchase stocks,fixed income instruments, and mutual funds and DOES NOT represent a balance requirement. The monthly average daily balance (ADB) requirement for your BPITrade Bank Account is Php 500.00 to avoid the Php 150.00 standard service charge. This ADB requirement takes into account only the funds that are in your BPITrade Bank Account and excludes the funds that you have invested in Stocks, Government Securities and Mutual Funds. Funds in your BPITrade Bank Account earn 1.75% interest per annum. Deposits made to your BPITrade Bank account shall be reflected in your Cash Position in BPITrade the NEXT trading day.
There are four (4) ways to fund your BPITrade Bank Account.
> Through the Branch : Go to any BPI Branch and make an Over-the-Counter deposit straight to your BPITrade Bank Account Number.
> Through BPI Expressphone or the ATM : You can transfer funds into your BPITrade Bank Account from any of your BPI Deposit Accounts or BPI-Family Bank Deposit Accounts through these facilities. Enroll your BPI Trade Bank Account by calling 89-100 or visiting your branch of account.
> Through www.bpiexpressonline.com : Enroll your BPITrade Bank Account in BPI Express Online and transfer funds from your other BPI, BPI Family Bank or BPI Direct deposit accounts. Click on My Portfolio and Enroll your BPI Trade Bank Account as an Additional Savings Account. If you are not yet a BPI Express Online client, please go to the website and enroll now.
> Through Telegraphic Transfer from your bank, or through any BPI Express Remittance Center located outside of the Philippines ( BPI SWIFT Address for Telegraphic Transfers : BOPIPHMM) .
To take funds OUT from your BPITrade Bank Account, you would simply need to log-in to BPITrade, go to our Services Menu and fill-up our Withdrawal Request Form. We will then transfer the funds within the same day to your regular BPI/BFB Deposit Account which you nominated as your Beneficiary Account upon Application . Cut-off for this withdrawal request is 11:00am (Philippine time, GMT +8).
If you would like to deposit stock certificates or transfer your existing stock position from another broker, please send us an e-mail at bpitrade@bpi.com.ph and we shall gladly send you instructions on how to do so.
Should you have any further queries, comments, or suggestions, please feel free to get in touch with us through the aforementioned e-mail address.
Thank you for choosing BPITrade.
Very truly yours,
Maleen S. Feliciano
BPI Trade Online Team
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