Insular Life's I-Peso ProEarn

According to the Philippine Deposit Insurance Corporation (PDIC), the total deposit of the domestic banking system rose to a fresh record-high of Php11.307 trillion at the end of September 2017. To read the full article on this, click Local bank deposits hit record P11.3 trillion - PDIC.


In addition, "savings and time deposits were the main sources of bank funds, which jointly accounted for 75.5 percent of the total domestic deposits."

The Typical "Siguristang" Pinoy

The statistics above was evident. Every time I would do bank errands, there will always be long lines.


Why?


Because the norm teaches us that our safest bet is to put our hard-earned money in banks.


People will wait in line, supply banks with their money, and settle for a "measly" interest rate that is way below the 5.2% inflation rate as of June 2018. Your usual savings account gives you less than 1% per annum. The highest I have read as I do my research for this post is 1.375%  for a Php5M time deposit held for one year.


Sadly, most of us settle for that for "security" reasons.

 

But Sometimes, It is Because of Lack of Financial Knowledge

One of my RFP mentors said, "You don't know what you're missing kasi sa isa ka lang nakatingin. Expand your information and insight."


Many keep their money in banks because that is all they know.


During one of my recent client calls, my friend said that she and her husband are keeping their retirement fund in banks. When I asked why, she answered, "Eh san ko ilalagay? Bangko lang ang alam ko."


I told her that there are a lot of financial products where they can grow their retirement fund. They can invest it in a bond fund, balanced fund, growth fund, or equity fund, among others, depending on their risk appetite.

And Of Course, There is Always This Risk - Return Trade Off

Risk will always be proportional to reward.


High return investments require high risk. These are people who invest in the stock market. Not a lot of people have that kind of risk appetite.


Low return investments require low risk. These, on the other hand, are those who invest in bond funds and balanced funds.


And then there are those who do not want to take any risk at all. These are people who deposit in banks.


(If someone offers you high returns but with minimum risk, run as fast and as far as you can. That is a scam!)

To Address All These, Insular Life Launches its I-Peso ProEarn

There are Php11.3 TRILLION money deposited in banks.


This money earns less than 1% to 1.375% per annum only.


And that most Filipinos settle for this.


On July 16, Insular Life, the largest Filipino insurance company backed up with almost 108 years of unbroken service, will launch its I-Peso ProEarn.


This is the investment product that offers your hard-earned money these GUARANTEES:

1. Yearly interest rate of 3% to 3.75% NET for 7 years.
2. Return of principal at the end of the 7th year.
3. Life insurance coverage equal to 125% of investment.

With these features, it provides you with the following benefits:

1. Guaranteed Interest that is higher than the usual time deposit rates.
2. Provides you with the financial security and peace of mind with the built-in life insurance coverage.
3. Experience the convenience of this Guaranteed Issue Offer, no medical requirement.

Most importantly, it is a safe investment guaranteed by a stable company, Insular Life, with a strong commitment to keep its promise to its policyholders.


Placement starts on July 16, 2018. And this plan is offered for a LIMITED TIME only.

Final Word

For your money that has been sleeping in banks, it's time that you make it work hard for you while you enjoy sound sleep every single night with a GUARANTEED investment product.


Choose Insular Life's I-Peso ProEarn.


To know more, send me an email at financialplanningforpinoys@gmail.com.

Change Your Money's Emotional Association

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As my mentor said, every object triggers an emotion in you. He calls this "emotional association." For a lot of people, the emotional association of money is this...

"Money = Evil"

 

 

We have heard and seen this many times. I remember most villains in telenovelas are rich and powerful. If this emotional association is branded in your subconscious, you will never get rich.

 

 

Why? Because we do not like to be evil. And because of this, we will reject money like it was the devil itself.

 

 

Here is the truth: You will gravitate towards what you subconsciously want, and avoid what you subconsciously do not want. If you believe that money is evil, you will subconsciously avoid money.

 

To begin with, the idea that "money is evil" is not in the Bible. Let me quote three passages that will help you change your emotional association of money.

 

Create a New Meaning for Money

 

I am a mother of two wonderful daughters. This is why I can relate to this passage.

 

Jesus says, So if you sinful people know how to give good gifts to your children, how much more will your heavenly Father give good gifts to those who ask him (Matthew 7:11).

 

This is so true! I am not perfect, but I love giving good gifts to my kids. Instead of "Money = Evil," create this new emotional association in your brain..

 

"Money = God's Provision"

 

 

Secondly, the Bible says, It is God who gives you the power to create wealth (Deuteronomy 8:18). Question: If God thinks that wealth is evil, why would He give us the power to create wealth in the first place? Create this new emotional association in your brain..

 

 

"Money = God's Power"

 

 

When you earn money, you are using God's power. Confess this, "I have the power to create wealth." Say this Faith Declaration everyday!

 

 

One final passage. The Bible says, The Lord takes pleasure in the prosperity of his servant (Psalms 35:27). Wow. God is happy when He sees you successful!

 

 

"Money = God's Pleasure"

 

 

Some people think God wants us to be poor because Jesus was poor. Yes, Jesus was poor. But poverty is a special call He gives to very special people, like celibates in religious orders.

 

 

The Bible also says that you need to provide for the needs of your relatives and immediate family, or you are worse than the unbeliever (1 Timothy 5:8).

 

 

How I Changed My Belief About Money

 

 

I was an employee for thirteen years. I was earning a decent paycheck as rank and file, but investing has helped me turn my linear income to exponential income over the years.

 

 

More than a month ago, financially prepared, I gave up employment and decided to make my passion my profession as a Financial Advisor of Insular Life.

 

 

Since effort is proportional to income in this commission-based career, I honestly just put in "enough" effort that gives me "enough" income -- enough to put food on the table, enough to pay the bills, enough for my expenses at work, enough to give in to my wants sometimes, and enough for investing.

 

 

I used to believe that the money I earn is for me and my immediate family alone, that if I wanted to earn more, it will make me selfish and greedy. This thinking came back to me again recently, and the reason why I had to write this post.

 

 

 

This Came in the Mail Yesterday...

 

 

 

 

 

 

Unexpectedly, I received a free book by Bo Sanchez and a Thank You Letter from the admin of Anawim for the donation I gave last May. Anawim is the home of abandoned elders. It is one of the many ministries of the Light of Jesus family, led by Bo Sanchez. Five years ago, my first pilgrimage to Anawim taught me to start investing for my retirement.

 

 

This mail was a wake up call for me.

 

 

After a month of mediocrity, this is what I realized. I may have earned enough for my needs and my family's needs, but I failed to give my target amount for tithing that helps in doing God's work. (It's not a percentage of what I earn, but an exact amount.)

 

 

I love doing what I do, but right now, as I write this, I feel like I was not doing enough.

 

I was reminded that the main purpose of wealth is to love and serve others -- that my increase (and in this case, decrease) in my income may not have affected my standard of living, but it was affecting my standard of giving.

 

As I change my belief about money, I now want to earn more so I can help and serve more. I want to send more kids to school through World Vision and be able to help finance other ministries as well.
 

 

The wrong emotional link of money was replaced by new emotional links. I began to see money as God's provision, God's power and God's pleasure.

 

Today, I am praying a new prayer: "Lord, prosper me so that I can prosper others."

 

Prosper Your Mind

 

I do not know what your financial condition is now.


You may be living in mediocrity like me, settling for just "enough."
 

 

You may be in debt.

 

You may be in a financial famine.
 

 

You may be without a job or stuck in a low-paying job.
 

 

Here is my message to you: There is hope. Prosper your mind and you prosper your money.

 

 

Five Beliefs Necessary for Wealth

 

1. You need to believe that God has left the decision to you to be rich or to be poor. He will respect your decision.
 

 

2. You need to believe that you can serve God with your wealth.
 

 

3. You need to believe that money is good if it is in a good person's hands. Will you be that good person?
 

 

4. You need to believe that you have the ability to be rich.
 

 

5. You need to believe that you deserve to be rich.
 

 

You Don't Have to Be Poor

 

There is hope for you.
 

 

You don't have to be poor.
 

 

You don't have to be buried in debt.
 

 

You don't have to suffer financial struggles.
 

 

You can be financially free.

 

How?

 

Change your beliefs.
 

 

Prosper your mind so you can prosper your money.

 

 

 

 

P.S. I hope you found this post helpful. If yes, please CLICK the SHARE buttons below.

 

P.S2 Do you want to gain financial wealth and spiritual abundance at the same time. I strongly encourage you to join Bo Sanchez' Truly Rich Club. To become a member, click HERE.


P.S3 Do you want to grow financially through sound investing? Send me an email at financialplanningforpinoys@gmail.com.