How we spend our money

By Randell Tiongson on July 17th, 2012

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” – James W. Frick

One of the most common questions I ask all my financial counselling session is this – ‘how do you spend your money’? The first things we need to establish is reviewing the cash flow statement. Looking at the expenses gives me a quick look at the financial situation of a person and most of the time, I’m pretty dead on.

The cardinal rule of being wealthy is this – “Spend less than what you earn and invest the difference.” The first and most difficult hurdle is often the spending less part. I’ve always believed that there are only two forms of an expense – its either a need or a want. Lo and behold, most people I know (me included) had a problem having a healthy cash flow are those who have difficulties controlling their ‘want’ expenses. In extreme cases, I’ve witnessed some people bring down their ‘need’ spending just to maintain their ‘wants’ – yikes!

The prudent thing to ensure we will have a healthy cash flow (where inflow of cash is far bigger than its outflow) is for us to be sensible in the way we spend. There’s really nothing wrong in spending on ‘wants’ but when those spending is causing you to have a very unhealthy cash flow or worse, being in debt, it’s time to STOP.

Our income is always finite therefore we must be very wise in the way we spend it. Priorities should be clear, communication between spouses and between children should be open so that everyone in the family will understand about priorities in the family income. I implore parents, specially fathers to take a strong lead role in coming up with a healthy family finance so there will be peace and harmony.

I strongly believe that we have the power to curb our wants. We are all rational and logical – its time our finances reflect our real priorities.

A patient man has great understanding, but a quick-tempered man displays folly. – Proverbs 14:29, NIV

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Personal Branding for Finance People

By Randell Tiongson on January 6th, 2012

This interactive, engaging and practical seminar will help you understand, create and send out the unique brand that is YOU. Today’s business world is fast paced and so are the decisions and judgments we are making. There are more than a lot of business men and women, financial advisors, entrepreneurs both young and experienced bringing the same products, skills and services to your field in the industry. But why do some people still stand out above the rest? Best bet is that these people, consciously or not, have their own unique personal brand.

AN OVERVIEW:

WHY SHOULD I ATTEND?

Learn from Randell Tiongson, one of the country’s popular names in personal finance, a columnist for the Inquirer and MoneySense, and one of the directors and founders of RFP Philippines. Randell will teach you the secrets to building, winning and transmitting your personal brand. After this seminar, you will have uncovered why personal branding is so important to helping you on your way to wealth.

PROGRAM OBJECTIVE AND BENEFITS:

  • Creating a personal brand for Finance Practitioners
  • Why is branding important
  • How branding can help your profession
  • How branding can result to higher productivity
  • Ways to be known beyond your circle
  • Ways to improve your personal brand
  • Case study presentation

Testimonials

“The program is very informative. It gives me a better perspective of my Personal goals and how to achieve them in my career. It is quite full of interesting information.”

Imelda Vergel De Dios

” Attending the Personal Branding Seminar is one of the important decisions I’ve been made me in my life. I also opened a new door for career info and opportunities.”

Paul Marvin Germo

“I realized the importance of Personal Branding after attending your seminar. To stand out in the industry you belong to, you have to be good at what you do. And when you’re good at it, people will notice you. And success will follow you.
One good application is the use of social media. People started sending me pms via FB when they learned that I do real estate. And all I did was to attach a Rltr title to my name. But because I’m a cross-seller, I have to balance my marketing or personal branding. So I continue to approach things from the Personal Branding perspectives.
I highly recommend this Personal Branding seminar because it will definitely change your game and mindset in how you see and do things if you really want to succeed in whatever you’re doing right now.
Ronnie Reyes

“This Personal Branding seminar gives you straight to the point know-hows. I will highly recommend this to my friends.”
Jacqueline Yap (VP Finance)
Sky International Inc.

“The most important thing that I learned from the “Branding for FPs program” is TO THINK OUTSIDE THE BOX! A Finance Practitioner is not just an investment or insurance salesman. He should know what’s unique about him, his competencies and more importantly, how can he add value to his clients. As a result of the program, I started helping people by blogging on personal finance topics and I unexpectedly got my first TV interview with NBN 4 (Bantay OCW) as a Financial Consultant! God bless and more power to Randell, Henry and RFP.”
Ge Cantor

Registration Details

Registration is on a first-come, first-served basis. Don’t miss this event, reserve your slots now!

  • Date: January 27, 2012
  • Venue: RFP Office, Tektite Bldg., Ortigas, Pasig City
  • Time: 1:00 to 4:30 pm
  • Contact Number: (632) 634 2204
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