ABS-CBN chairman and CEO Eugenio "Gabby" Lopez's Retirement Speech

>> Wednesday, November 28, 2012

I was surprised to see the word "Retirement" in the title of this article which I read from ABS-CBN's official newsletter. I didn't see this coming but as the age old adage says, "All good things must come to an end."


I'm keeping a copy of this speech here to remind myself of how great it is to be a Kapamilya.
We had our ups and downs. Many times we wanted to quit. But we have to admit, iba pa rin ang Kapamilya.

ABS-CBN chairman and CEO Eugenio "Gabby" Lopez's Retirement Speech
Delivered during the Kapamilya Awards 2011 

Wow, 25 years Freddie (Garcia)! I feel I can do another 25.

25 years. Not even my marriages have lasted that long!  The only relationships I have had that lasted this long are my siblings, my parents – talagang Kapamilya.  When I look at the list of 25-year awardees I realize it’s all the people that I started with.  Like everyone, we all have certain beliefs, lessons that we accumulate over the years.  Normally the lessons I have learned, the insights I have gained, I share with senior management.  Today I will share it all with you – my Kapamilya.

Rapid Change:  We live in a time where change has accelerated rapidly.  The changes in technology affect all of us in profound ways:  The way we communicate, the way we interact.  ABS-CBN in 5 years will be a very different company from where we are today.  ABS-CBN in 10 years is likely to have TV revenues as a very small part of our overall revenue.  When we started 25 years ago, we were not even on satellite throughout the Philippines.  Today we are on satellite throughout the world.  But one thing has remained constant in the last 25 years and likely to remain so for the next 10 years – “In the service of the Filipino.”  As long as our north star is guided by this simple yet powerful mission, we will never go wrong.

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On The Money: Expert Tips on Saving for your Kid's Education

Saving for your Kid's Education
taken from ANC's On The Money
with Arlyn Tan, AIM-Sun Life Financial PLanner

Parents want the best for their children and that includes the best education that they can provide.
However, good education doesn't come cheap, so parents have to know the best way to save and invest for this.

Why do parents need to plan for their children's education funding today?
Apart from giving quality time to their children, we know that the most valuable investment a parent can give to their child is a good education.

Education is the key to opportunities for your childen in the future.
The chance to a better job, to a better life, comes with a good education.

The Education fund needs to be planned early because it comes sooner than other needs like Retirement.
We have a shorter time to prepare for our children's education compared to other needs in life.

In the Philippines, a family on the average has 2 to 4 children simultaneously going to school.
This makes Education costs to eat up a big part of your budget.

But 90% of Filipinos plan only 1 year befor school starts.

So how do we save up for our kid's education?

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Make your Christmas Bonus Work For You

>> Wednesday, November 14, 2012

Making your Bonus work for you
report from Nina Corpuz, Dateline Philippines ANC

For many Filipinos, the 13th month bonus means "It's time to splurge".
But why not make that Christmas bonus work for you.

For many Filipinos, the much awaited Christmas bonus or the 13th month bonus
is as good as gone.

Common ways Filipinos spend their bonuses:
- bibili ng TV
- magsho-shopping

"walang natitira, tinanggap ko lang isang araw, kinabukasan, wala na"


By January, many Filipinos are left with no savings, worse, some of them are burdened with debt.

Financial coach Salve Duplito advises Pinoys to use their Christmas bonuses wisely,
but putting it in the bank is not one of them.

Because if left in the bank, after one or two months, "ubos na iyan ksi ang banko
or ATM account is very accessible. Maya't-maya kukupitan mo yan."

Banks only give about 1% interest compared to the Stock Market or Mutual Fund
which can earn you about 10% to 15%.

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Important Money Tips for Solo Parents

>> Thursday, November 08, 2012

Tips for Solo Parents on How to Handle Money
taken from ANC's On the Money
with Vina Dimanalata - Registered Financial Planner

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Based on a recent survey, around 14 million Filipinos are single parents.

If you're one of them, how do you reach financial independence despite flying solo?

Solo parenting is a growing trend.
This is due to any one of the following:
- young adults w/ children out of wedlock
- separated from spouse
- widow/widower
- spouse of OFWs

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Important To do list for Young Single Parents
1. Find a stable job to be able to predict the income that will be coming in.

2. You must realize that you have a dependent.
And if you have a dependent, the number one thing that you have to do is to protect yourself.
Protecting yourself means that if anything unfortunate happens to you (like death or illness), the expenses and needs (ex. education, day to day living expenses) of your child who is your dependent are covered and are taken cared of.
You protect yourself by getting an insurance.
With an insurance, in the event that something happens to you, your child will receive an amount of money which will be used for his needs in the absence of your earnings.

3. Consider preparing for your children's education.

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About This Blog

This blog is my attempt to document the bits and pieces of my life. It also serves as a reference for things I need to remember every now and then, like activating UnliText, among other things.

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