How to Live a Debt-Free Life in 12 Months or Less

I know it’s almost the norm today for everybody to have debts. Now, what is debt? Debt is any money you owe anyone for anything. It maybe in the form of money, favor, or gratitude. In the Philippines, many companies, banks and financial institutions make it so easy and convenient for people to borrow money. So why bother to be debt free? Well, it’s because I believe it’s better to live a debt-free life. Why?

For me, there are six (6) worthy reasons for wanting to be debt free.

  1. I want to own 100% of my income and assets. Come to think of it. When you have debts, you don’t really own 100% of your income and assets. Everyone to whom you are indebted with will have a certain percentage share of your income. Maybe it’s 20% or 30% of your income that goes to your debtor. So if you work the whole week from Mondays to Fridays, it’s very likely that you’d only be able to get your income for Mondays to Wednesdays and the Thursdays and Fridays will most probably go to the person to whom you owe some money. Now if you’re unable to pay your debtors, they’d probably get some of your assets or things you own that they think have some value.
  2. Debts are crazy stupid expensive. Always remember and never forget that all debts come with interest that needs to be paid and that interest is a passive income for your debtor but not for you. Isn’t that stupid? Isn’t that crazy? Yes, if there’s what we call passive income, there’s also passive expense. Surely, we don’t want to have something working against us especially while we sleep at night.
  3. Debt is the exact opposite of wealth. To get our net worth, we simply deduct our liabilities from our assets. And our debts form part of our liabilities. To know about our cash flow, we also get our income and deduct from it our expenses. And our debts incur us interest expense. Interest expense is really just the opposite of interest income so that what we have here is money working against us which is not what we want.So clearly, instead of growing our wealth, we are doing the exact opposite thing which I’m sure no one of us likes this.
  4. Debt is a disease. For any person, debt is like an illness that never goes away. It persists and never truly gets better until an action is taken. Just like having a disease or an illness, debt can cause you great suffering and pain especially when you now have trouble paying your bills and meeting your obligations in time.
  5. I want to Own 100% of my choices in life. Having debts would surely greatly affect your decisions in life. Just imagine if you have a home loan, car loan and credit card debts that takes 50% of your salary every month. Do you think you can leave the job you have now that makes you feel so stressed and miserable everyday? I don’t think so. But imagine if you don’t owe anything to anybody, do you think you can just go and leave your miserable job anytime? You bet. When you’re debt free, you certainly have full control of your life. It makes a lot easier to choose what you really want in life. Indeed, a lot of things get easier in life when you don’t have debts.
  6. I want to increase my financial security. Debt is a serious threat to your financial security and it keeps you from making the most of your money. What you spend on paying for your debts could have been saved for your emergency fund, long term health care, retirement fund and for your kids’ college education fund. Once you’re debt free, you can easily work your way towards becoming financially secure.

Now maybe you’re asking yourself this: When is debt okay? For me the answer is this: Only when it is a matter of life and death situation. When somebody in your family gets sick and you don’t have anymore medical or emergency fund left or that you’ve already exhausted all means of converting into cash all your available assets, then it’s okay to get a loan. After all, a human life is more precious than any other thing we possess.

You maybe asking also these questions: How about a home loan? How about a car loan? How about a business loan? My answer is this. Everyone gets these loans, right? Nope! You can live life debt free. According to a study made on the lives of millionaires, most bought second-hand cars. Most millionaires rented their apartments until they could afford to buy their own house in cash. Most millionaires have boot strapped business start-ups. As you can see, you don’t need to follow ‘everyone else’ out there.

Nowadays, it is actually our responsibility to raise the bar. Why? Bacause banks have lowered their standards. Banks want you to be buried in debt. You may have noticed that it’s getting easier and easier to get loans and credit cards approved these days. However, if you want to achieve your goals in life, I suggest you save up for it. Instead of being manipulated by the banks and credit cards to go for a loan and have what you want instantly, try practicing discipline and patience. That’s what adults should really do.

If we’re already in debt, how do we get out of it? Well, here’s the method I suggest that you do.

Step 1. Face the truth. I know that for most of us we’re in denial when it comes to our debt. But it really would be much easier to solve the problem if we can admit it to ourselves and face the hard truth. It’s best when you deal with the root of your problem – the attitudes and bad habits that led to indebtedness. When we’re able to face the hard truth, then we’ll be able to make the right decision on how best to solve and face the challenge we now have on hand. We may then start making a list of everything we owe – credit cards, personal loans, car loans, home loan, business loan, cash advance, paluwagan, 5-6, pawnshop, friends and family. It’s easy to forget all these especially when there are already so many.

Step 2. Decide you want to get out of debt. You must really come to a day when you have to decide you will get out of debt. Before that day comes, you may ask yourself these questions: Are you disgusted with your situation? Are you having nightmares over your debts? Can you still walk tall with your head held high? Are you afraid of going out knowing you might bump into your creditor or debtor? If you are sick and tired of your lifestyle, then it’s time for you to say “Enough is enough. It’s time to be debt-free.”

Step 3. Determine priority of payment. To do this, you have to follow these rules:

Rule 1. Protect your 4 walls. Your 4 walls are food, shelter, clothing and transportation. You need not deprive yourself of these things since these are your basic necessities for survival. But everything beyond these 4 walls, you can let go.

Rule 2. List your debts from easiest to hardest. You may go with your gut here in determining which one is the easiest for you and then start from there. There’s no need to bother here with regards to the interest rate because what you’ll need here is just to get started. Of couse, it will vary from person to person but in most cases, the smallest loan is usually the easiest to get started with.

Step 4. Let the momentum work for you. This simply means that when you are done paying with the smallest or easiest loan, you simply use the “freed-up cash” to work on the next bigger loan. So for example, you have a credit card loan of Php150,00.00 and you pay this Php5,000.00 a month, once you have paid all of it, you add the Php5,000.00 freed-up cash to pay your car loan of say Php300,000.00 that you pay Php10,000 a month. So now, instead of just paying Php10,000.00 for your car loan, you now pay Php15,000.00 (Php10,000.00 + Php5,000.00). When you are done paying for the car loan, you then use the Php15,000.00 freed-up cash to pay now for your home loan of Php1,500,000.00 that you pay P15,000.00 a month. Here, instead of paying again just Php15,000.00 which is your monthly amortization for your home, you’re now going to add the Php15,000.00 freed-up cash (Php5,000.00 from the credit card + Php10,000.00 from the car loan) enabling you to make your home loan payments to Php30,000.00 already.

As you can see, by letting momentum work for you, it will become faster for you to be out of debt and be able to regain your income at the same time.

As a clarification here, depending on the loan type and the institution, the conditions for advance payment application may differ. For credit cards, you may be able to pay it off anytime. For credit institutions, you may need to call their customer support and ask for their billing first. And as for home loans, you may ask for re-computation.

What really matters is that you don’t have to over think this and instead just get started and deal with the specific loan at hand as you go on.

Step 5. Unlock the five (5) gates to debt Freedom. For you to become debt free, you only need to unlock these four gates:

a) Live below your means. The thing that you might want to take a look at here is your lifetyle. Chances are, you’re living way beyond your means which is why you have so much debt now. It might be a good thing to know how much you receive as income or salary and how much you’re spending every month. This way you can do a sensible budgeting of your money and avoid incurring more debts. I know it may be hard, but you have to find a way you can decrease your expenses. A simple way you can do this is to make a list of your everyday expenses and see which one is a need or just a want. More often than not, you can see here where you can decrease your expenses. It does makes sense to look at the ways you’re spending on a daily basis and you might want to evaluate this. See if they are really worth it and come up with ways you can minimize it or totally drop it.

b) Let go of under performing assets or liabilities. It might pay to take stock of your belongings. Why not empty your savings account? It might be better to empty your savings account to pay off your debts than to keep your savings and earn much less compared to what you would pay in additional interest expense. This is actually the best form of investment. Should your savings be not enough, you might want to look at what you have and start liquidating some of your assets. Most of the time, we have so many stuffs accumulated over the years that we don’t have much use of or we just don’t need it. Being in debt makes you actually realize that you can not afford most of the things you have. Why not sell those stuff instead and use it to fund your debt payment scheme. Just be grateful for whatever you have and let it go. Remember, every centavo counts.

c) Increase your cash flow If you really want to eliminate your debt faster, it may be better if you can find ways not just to decrease your expenses but to augment your current income with a side or part-time job you can do on your days off from your regular job. Find something you’ll enjoy doing either offline or online. This way, you’ll have some extra cash you can use to pay off your debt. You might want to take a look at the business opportunity we have in IMG. There’s really a whole new world you can explore and experience in IMG (International Marketing Group) which I’m sure will dramatically help your journey towards financial freedom much faster and enjoyable.

d) Raise ‘Trust-Love Capital’. This is essentially asking help from your family and friends to raise money you can use without interest. It’s important that you be upfront and sincere when you lay down your plan on how you’re going to tackle and eliminate your debt.

e) Use cash or debit cards only. One way to remove the temptation of overspending and getting into debt is to use only your available cash on hand or your debit card which has your budget for the week or the period you intend to use it. Give yourself an allowance that minimizes the amount you will have to spend but allows you enough cash for any necessary expenses. Give yourself some extra money as emergency fund of maybe Php150.00 to Php300.00 which you can spend for unforeseen necessities like having a big hole in your pantyhose in the middle of the workday

As a caution here, there are usually five (5) mistakes that you need to avoid if you want your life to be debt free:

I think getting out of debt may be one of the hardest things to do. It surely takes a lot of time and effort. But I must say you must persevere. You see, you can never be free until you are debt free. So can you do this? Of course, you can do this. I’m rooting for you. It’s time to get full control of your finances and your life. You’re going to be proud of who you become in the process of becoming debt free. So go ahead and start your journey to a debt free life.

Wealth is a choice. Let’s choose to be wealthy.


Do you want to get free coaching on how to manage your finances and achieve your financial goals? Start your fourney to a debt free future today. Take your first steps by clicking here:

What is the IMG Business?

In more or less five years from now, I am planning to retire from employment already. I know everyone of us have our own concept of retirement. We may be planning to conclude our life in the workplace to be able to do what we really want. For most of us, when retirement comes, income stops but expenses won’t. With this in mind, I kept my eyes open for opportunities out there which I can start on the side while I’m still working from 8 a.m. – 5 p.m. every week from Monday to Friday. What I had in mind is that even if I stop working when I retire, my source of income should never stop. So I know my need is to learn how I can create, handle, grow and protect my wealth. In my search for the solution for my need, that’s when I found the International Marketing Group or IMG.  

I found out that IMG is both a Business and a Mission. I specially got inspired by the TRAINERS CREDO that IMG Members declare. The Business is about being a Trainer and Training Trainers! Now even before I found out about IMG, I had already been always fascinated by the finance world. I’d even volunteer to advise my friends when it come to their finances. That is why it became so clear to me that I finally found my purpose in life.

IMG Business is a Business that is so Simple and Doable that anyone, of any age, training, background, or level of education can do! So what exactly is IMG? IMG is a new concept in the financial industry that assists people who want to help themselves in building their financial foundation. IMG is one of the Biggest and Fastest Growing company in the Philippines that has expanded globally throughout the years with its presence in different cities in in the different countries in the world which includes, Singapore, Taiwan, Hong Kong, Macau, Dubai, Rome, Milan and etc. Yes, you can reach IMG anywhere in the world.

IMG’s vision is to Build a new Financial Industry, where everyone is able to earn what the wealthy are earning by bringing the secrets of the wealthy to all. And it’s mission is to help create wealth for families, to make a difference for families so there will be No family left behind. IMG help people Move from Dreaming to Doing. IMG bring life-changing financial concepts and solutions to middle income individuals and families who are overlooked by the financial industry.

In IMG, I became my own broker for my own financial service’s needs. It is my OWN business. I am not an employee. I don’t have a boss. No Time Cards, No Quota! I can do it anywhere, offline and onlineI became a real ENTREPRENEUR!  I have a business aligned to my passion and competency: training people, helping people help themselves and keeping families together. Not only did IMG solve my financial problems but it helped me solve many other people’s financial problems,too. In joining IMG, there’s practically no risk and the business investment is so small. And yet, the best thing about this business is I earn by helping others to save and invest properly! As a bonus, I get to travel to many places and I earn passive income as well!

The best thing about IMG is that it’s a business I can do offline and online no matter what the condition of the economy is. Yes, the IMG is a business that we can do whether the economy is good or bad, whether we’re having crisis or not. It’s a business that can thrive anywhere, anytime. And more importantly it’s a Business My Children Can Inherit. A True Business that is Built to Last and can be my Legacy!

I got into this money business by buying my own financial services needs from myself. I did not have inventories of products to worry about. Nothing can be spoiled nor pilfered. When IMG or the International Marketing Group introduced to me the concepts of proper money management and investing, I was also given the option to be the broker for my own financial needs.  That was the business offer. That was “why” I joined and became part of the IMG Business. I am empowered to DIY (Do It Yourself). I simply by-pass the middle-man or the agent for I am the broker dealer myself.

At first, I didn’t treat this as a serious business. In the onset, I also did not see the immense size of this business! I only finally saw the immensity of this business when I attended IMG’s convention in Malaysia where there were thousands of people who attended from all over the world. In that convention, I met ordinary people who shared their success stories in the business. It inspired me and opened up my mind to do more for this business. But what really is this IMG business? 

IMG is a financial distribution company. As a business owner using the IMG System, I am an independent representative of a One-Stop-Shop of Financial Services. I represent various companies in different fields of services:  the top 5 Mutual Fund Companies (Soldivo, PhilEquity, SunLife Financial, ATRAM, PAMI), the top 5 Real Estate Development companies (Ayala, SMDC, DMCI, VistaLand, MegaWorld), and many other refutable and solid companies. I act like a broker dealer of all the financial services companies that were accredited by IMG so I earn the commissions myself for all my financial needs and for my family and friends financial needs as well. My broker for Mutual Funds is Rampver Financials. I have in-house brokers for the Philippines Top non-life insurance, and real property companies. I also have access to direct stock buying and selling through MyTrade On-Line Apps of Abacus Securities Corporation ( It is one of the leading stock brokerage houses in the Philippines.

I know it really depends on me on how big I want my business to be. And my coaches are always ready to help me become successful. I do not earn by recruiting like what other network businesses do. I do not personally handle the investments. I just simply share objectively to my family and friends the advantages and disadvantages of each of the investment vehicles. I point them to what companies they can get into. I educate myself and pass on the knowledge to my family and friends. I share my own investment experience, what I do, and what I have achieved. I just share my own experience on the companies that were scrutinized, studied, and accredited by IMG.  I let the client decide. With IMG, I do an objective assessment of products, and services. I am able to do this as I am not beholden to any single company. What I do is offer what is best to the client. I simply provide Financial Education and sound Financial Check-up.

With my IMG business, I earn from my own safe and correct investments. I earn from building my business all over the Philippines, all over Asia, and all over the WORLD. What I earn in business is combined active and passive income. I earn passive income generated by my properly guided and solidly funded investments. In time, I can retire knowing that my inome never stops.

On my point of view, I consider my IMG Business not just as a financial services distribution business but a business of changing people’s lives. And I earn by helping others properly save and invest. I love this business for it is actually a business of love and hope. When I executed my financial strategies that IMG has coached me to do, I actually made sure that whatever happens, my family will survive because I love them. And hopefully, my family will live their life knowing I did all I can because of my love for them.

Now the most amazing thing about this business is that whether you as a members do or not do the business, you can enjoy many of the exclusive Membership Benefits for a one-time life-time Membership Fee of Five Thousand Five Hundred Pesos (P5,500.00) Only which includes already an Initial Investment of P1,000.00 on SOLDIVO MUTUAL FUNDS. The Membership Benefits are far more in value versus the amount of money you put into the business as IMG Member. With that amount you become broker dealer for your own needs. You start with your own proper saving and investing. What surprised me even more is that, even with just my own financial needs, I could already recover my capital. So actually, it was a “no brainer” decision making for me to dive into the IMG business! I now have a passive income that answers for my retirement needs. Since I also love myself, I made sure that I invest properly and safely for my future. In doing all these financial strategies, I earn my own commissions from my own needs. My very own love needs. And since I care and love my extended family and friends, I simply share what I do to all of them.  

As you may have realized now, that is really how simple the IMG business is. It’s just about love and hope. The IMG business is truly an OPPORTUNITY of a Lifetime. You can do this business whether the economy is good or not. When people don’t have money and are financially burdened, they need us. They need to be Financially Educated and given the Business Opportunity to earn additional income. On the other hand, when the economy is good and people have a lot money, they need to learn how to handle their finances. They need to know the proper way of Building a Solid Financial Foundation. They need to Learn How To Invest Correctly.

If like me you’re looking for a business you can do on the side or you want a business you can do full time, I suggest you take a look at this business and see for yourself. I know you’d be happy like I am when I found this opportunity of a lifetime – the IMG business.

How to Invest in Your Future

I know you’re serious in wanting to deliberately create your life by choice and I’d like to share with you here a few tips on how you can get started on this especially with regards to your financial situation.

Here’s the good news. Whatever situation you are in right now, you can make a change. You can go from being broke to being blessed and having all the money you want and need . You can reduce your bad debts or totally eliminate your debts and be debt-free. You can invest in your future and learn to make your money grow and work for you instead of you working for the money. You can make the change starting right now. You can start to change your life literally today. How? By changing your mind. By changing your attitude.

One thing that is common among highly successful people from all over the world is the way they think. They think rich and, therefore, they grow rich. Yes, this may sound familiar to you especially if you have read Napoleon Hill’s classic book, Think and Grow Rich.

Maybe, now that you’ve gone this far, it’s time you apply what you learned. So here are a few tips to help you get started on deliberately creating the life you want:

  1. Write down your financial goal. It is important that you have your financial goal written down in black and white. If you haven’t written it down, what you have is only wishful thinking and you haven’t really any serious thought about it. When you write down your financial goals, you begin to see a clear picture of what you really want and begin to set strategies on how you can achieve it. After writing down you goals, remember to read it everyday and your mind will begin to be focused on doing that which you want to happen in your life. Surely, things will begin to fall into place and you’ll be able to achieve your goal in no time at all.
  2. Increase your cash flow. Do make as much money as you can, while you can. Indeed, have multiple sources of income. While working on your regular job, it’s highly recommended that you start working on a side-job or building a part-time business to have more cash you can save and invest for your future. If you think you don’t have time for this with your hands being full already, then you may just start analysing your expenses and start cutting those unnecessary expenses you have spent for the wants and not the needs of the family. Remember, it’s not how much money you earn but how much money you keep. So, at least, set aside 20% of your income to save and invest for your future.
  3. Have the right healthcare and have proper life protection. A study made in the Philippines showed that a lot of people get sick and die not because there is no medicine or treatment available but because they don’t have money to pay for these costs. Ensure proper protection against loss of income and also protect your family assets. So while you are still building your wealth, remember to get yourself a healthcare and a life insurance to give your family peace of mind.
  4. It’s important that you are able to pay your debts if not manage it so you can eliminate it at the soonest possible time. Having debts, especially bad debts, is having money work against you.
  5. Invest and build your wealth. Don’t just keep your money. Invest it and make it grow. Let your money work for you so you will not work for money in your lifetime. When you invest, you are able to outpace inflation as well as minimize taxation.
  6. Protect your wealth. After all the hard work you do to build your wealth, remember to protect it. Do preserve your estate , maintain privacy and limit probate costs.

Okey, so what to do next? Take action! Secure your Future now!

I know you will have a lot of excuses not to save or invest. But no matter what your excuse is, one thing is for sure: you will get older next year, your child will grow up and enter college and you would need money for his or her education, you will eventually retire and stop making active income and so on.

You have to be prepared for these kinds of situations. To make it easy for yourself, be with a group who inspires you to save and invest so that you can really be able to build your wealth.

At IMG, you can join a community of like-minded people who invest in their financial education. If you’re interested, check this out:

I do wish you all the success in life, especially when it comes to your finances so you could start to be a blessing to your family and friends.

Be happy! Be wealthy!


Is There A Need To Save And Invest?

Have you ever asked yourself this question.  “I’ve been working hard all my life but I wasn’t able to save or invest in anything. Where did my money go?” If you have,  maybe it’s time you look into the formula you use in saving so you can invest and don’t miss out on opportunities to increase your financial worth. 

Here’s the formula for saving the wrong way:


As Warren Buffet, one of the wealthiest men in the world, says, “Don’t save what is left after spending; spend what is left after saving.” This simply means that you should pay yourself first. Following this, the correct formula for saving is:


As you can see, the formula says that you need to save first before you spend your money.  However, there’s an even better formula that goes like this:


Tithe is the money you give to the church or an organization that nurtures your spiritual growth. And as a guide, this tithe should be no less than 10% of your income. However, you may adjust and increase this percentage according to your preference or capacity.

The savings that you should set aside as payment for yourself if possible should be 20% or more. You may treat it like a bill that you must pay first. It only makes sense to pay yourself first before you pay other people’s bills, right? You and your family’s well-being are more important than your other bills you have to pay.

Both spending and saving are habits we have developed over the years.  Imagine if you could make small changes in these habits. Say, spending P20.00 less on cellphone load so you could save P20.00 more in a day.  Now, that’s P600.00 in a month. This P600.00 savings a month can turn into P894,214.00 in 30 years at 8% interest annually. As you can see, a little sacrifice can reap great rewards and benefits in the future. So, it’s not really how much you earn that counts but how much you keep.

As you may have noticed, time is money. The sooner you save, the better for your future.  So it is really best and to your advantage when you do not procrastinate because the cost of waiting is very high. Unfortunately, when people are young, they tend to delay saving thinking they still have a lot of time.

The truth is, you do have two options:

  1. Save now and enjoy later.
  2. Spend now and suffer later.

Indeed, building a solid financial foundation takes time. Get rich quick schemes, hot stocks and rising real estate markets can sound appealing but one wrong pick can set you back big time from your financial goals.

In order to build your wealth, you will want to invest your money in vehicles that have the potential to earn strong rates of return. Now, investing is not gambling. Of course, you have the potential to lose your money in investments, but if you invest wisely, the potential to gain money is higher than if you never invest. You do have to understand how money works, have a plan, and stay disciplined with your action plan until you reach your goal.

Here are just a few reasons why you should save and invest your money:

  1. To keep up with inflation. If you do nothing with your money, your purchasing power will diminish. So investing your money allows you to keep pace with inflation.
  2. To earn higher returns. In order to grow your money, you need to place it where it can earn a higher rate of return. And investment vehicles tend to offer the opportunity to earn higher rates of return than savings accounts.
  3. To grow your money.  When you invest your money in stocks, mutual funds, uitf, certificates of deposit, bonds, treasury bills and etc., you get much higher returns that allow your money to grow, thereby, creating wealth overtime. 
  4. To save for retirement. As you are working, you should be saving money already for your retirement and put this into a portfolio of investments such as stocks, bonds, mutual funds, real estate, businesses and etc. Then, at retirement age, you can live off funds earned from these investments. While still young, you may want to invest that involves greater risk as this increases your chances of earning greater wealth. As you get older, it may be wiser to invest more in conservative ones since you are nearing retirement age already.

Indeed, saving is not enough. You have to save the right way and invest it to grow your wealth and make a difference in your life, in the lives of your family members and in the lives of the people around you. 

If you’re ready to learn how you can manage your money in a reasonable way and be empowered to build a solid financial foundation for you and your family, I highly encourage you to join  me and my team at International Marketing Group or IMG and be with a community of like-minded people who invest in their financial education. Just click the link below to start your journey to becoming a Millionaire:

How to Spend Your 13th Month Pay the Right Way

Are you an employee?

If you are, think of the millions of pesos that actually passed through your hands in the last 20 to 30 years. Every year, you get your 13th month. But can you tell yourself exactly what happened to your 13th month in the past 5 years? Very rarely can people say how and where they put their money. Often, no one can really remember.

Did you know that the Philippines is one of the few countries that has the 13th month pay? Our foreign friends get confused when they hear it for the first time. They wonder how we can have a 13th month salary when there’s only 12 months in a year. For employees, the 13th month is really a guaranteed bonus.

If you save your 13th month for just 6 years, then based on the power of compound interest, you could already have close to 10 million pesos in savings and investments in the next 40 years. If you sacrifice for 6 years, you could already change your life.

Lack of knowledge and understanding about personal finance is causing a lot of Filipinos to lose money and retire poor.

There is “saving the right way” and then there is “saving the wrong way.” Many people do not realize it but they might have been saving the wrong way all along.

Are you interested in knowing how money works? Do you want to learn how you can create wealth for your family and build a good future?

Attend our FREE financial literacy seminar.

Register here: