Escolar Documentos
Profissional Documentos
Cultura Documentos
To Becoming Wealthy
September 2010
Welcome Message
Being wealthy is not about how much money you have or
how high your salary is.
The Colayco Foundation for Education (CFE) continually strives to spread these
lessons of financial literacy. This E-book is just one of our many endeavors aimed
at increasing the financial awareness of the average Filipino. Each of our
publications will give you further knowledge to your financial independence in
the simplest terms.
Read ahead, and keep in mind that your wealth is in no one else’s hands but
yours. I am sharing with you my 10 Pera Palaguin (Wealth Generation)
Commandments. These have guided me in my own journey. I am sure it will help
you in improving your financial life! Use it well!
Remember that in your journey to being wealthy YOU are the driver. Your personal
SUCCESS is sure is you practice the 3Ds Principle:
DETERMINATION – Have the will and persistence to do what you must do
to have what you want in life.
DECISIVE – Learn the tools to help you decide to build your wealth
NOW!
DISCIPLINE – Regularly practice what you learn about saving and
investing and it will become a habit just like winning is a habit.
Francisco J. Colayco
© September 2010
Colayco Foundation for
Education, Inc.
Founded in 2001 by Francisco J. Colayco, the Colayco Foundation for Education
(CFE) (Non-stock/non-profit) aims to help close the widening poverty gap,
stimulate passive entrepreneurship and wealth creation through financial
education. Its mission is to give even the ordinary income-earning Filipinos access
to financial education and information that has long been perceived as only for
the “privileged.” Focus is on teaching the management of personal finances
effectively through practical planning to save and growing savings through wise
spending, and prudent investing.
CFE also conducts various seminars and workshops on personal finance and
investing for companies, organizations and the general public.
CFE is a recognized resource when it comes to all things about money. In addition
to Francisco J. Colayco, Mary Anne B. Colayco, CFE President and Armand Q.
Bengco, CFE Executive Director are often invited as resource speakers in various
TV and Radio programs and as contributing authors for various newspapers,
magazines and websites. CFE also works with various government bodies,
corporate entities and non-profits in promoting financial wellness for Filipinos.
© September 2010
Wealth Within Your Reach
© September 2010
#1 – Pay Yourself First
The savings that you build up through time will buy your future security
and financial independence.
It’s important to begin with the mindset that you are your first source of
capital. Your income will be your primary tool for investment.
However, putting expenses first before income would not leave you with
much savings. You would have already spent most of your funds on
expenses by the time you decide to set aside what’s left for savings.
Instead, it’s better to treat savings as a priority expense. After all, you
should pay yourself first with the savings that buy your future.
Minimizing your expenses would significantly leave you with more savings.
Remember that most of our expenses are optional; ask yourself first
whether it is a need or a want.
© September 2010
10 Pera Palaguin
Commandments
#1 Pay Yourself First
#2 Define Your Financial Target at Each
Phase
#3 Stop Spending on Things that Decline in
Value
#4 Protect Your Greatest Income
Generating Asset: Yourself
#5 Grow with the Economy and Beat
Inflation
#6 Trust the Power of Compound Interest
#7 Assess Risks and Options: The Higher the
Return, the Higher the Risk
#8 Make Money Work for You: The Power
of
Leverage
#9 Invest and Diversify
#10 Use the Power of One: Strength in
Numbers
© September 2010
Pera Mo, Palaguin Mo!
Our mission is to share the good news that Wealth is Within Your Reach. It is all up
to you and what's wonderful is that it is not difficult to achieve your financial
independence and wealth.
The 1st Commandment: Pay Your self First is just the start. My other books and the
seminars of Colayco Foundation can guide you in your journey to becoming
wealthy. The Colayco Foundation is here to help you.
While you are on your journey, never forget the things that money can never
buy…
Ethics and Integrity
Responsibility
Respect for the laws and rules
Respect for the rights of other citizens
Love of work
Punctuality
Fast action
Will to save and invest
These are part and parcel of holistic wealth not only for ourselves but for our
children, our community and our country.
Francisco J. Colayco
© September 2010
Address Unit 805 Citystate Bldg. 709 Shaw Blvd. Pasig City
Email info@colaycofoundation.com
Website www.colaycofoundation.com
Blog www.franciscocolayco.com
Find us on Facebook
www.facebook.com/franciscocolayco
Find us on Twitter
www.twitter.com/handlingmoney
© September 2010
#1 Take the First Step to Becoming Wealthy
All rights reserved. No part of this e-book may be reproduced in any form or by any means
without the written permission of the publisher.
The information in this book was obtained from the Francisco J. Colayco’s personal
experiences and various sources as provided in research and reference sources from
Wealth Within Your Reach © 2010. Specific economic information such as interest rates,
inflation rates and foreign exchange rates are based on information available at the time
this e-book was being written.
While every effort has been made to provide complete and updated information herein,
the author and publisher cannot and does not guarantee its accuracy and completeness.
Colayco Foundation for Education, Inc.
Tel. +632 6373731, +632 6373741, +632 5779698, +632 5774590
Email: info@colaycofoundation.com
Website: www.colaycofoundation.com
Francisco Colayco Blog: www.franciscocolayco.com