Ad Majorem.....Wealth Builders
Angono, Rizal PHL | May 4, 2013
We have posted more guides for the customers of Majorem Lending on compounding of interest. If you know you can earn and be wealthy; if you dont, compounding can destroy you and compound your woes.
Learning this compounds your wisdom.
Showing posts with label wealth builder. Show all posts
Showing posts with label wealth builder. Show all posts
Saturday, May 4, 2013
Tuesday, January 22, 2013
Wealth building from Forbes
Ad Majorem.....Wealth Builders
From Forbes Wealth builder | published in 2008
In USA, almost 10 million individuals have networth of one million or more, and half million have networth of $l0 million.
How do you become wealthy:
l. Start early and have income that exceeds your expenses so that you can have something to invest;
2. The formula of hard work, thrift (frugality) and entrepreneurship of Horatio Algiers work.
3 Let the power of compounding do the rest for your money. At 12% per annum, your money doubles every 6 years (the rule of 72 for compounding)
4. Next comes the preservation of wealth and getting off the hand of tax man from your wealth. Learn about:
l. Free donation every year to your heirs;
2. The power of foundation to free from donors/donees tax, and estate tax.
3. The very little tax you pay on stock transactions at bourses (vs capital gains tax on ordinary transactions)
4. Tax exempt govt bonds and security.
Learn more about Wealth Building
3.
From Forbes Wealth builder | published in 2008
In USA, almost 10 million individuals have networth of one million or more, and half million have networth of $l0 million.
How do you become wealthy:
l. Start early and have income that exceeds your expenses so that you can have something to invest;
2. The formula of hard work, thrift (frugality) and entrepreneurship of Horatio Algiers work.
3 Let the power of compounding do the rest for your money. At 12% per annum, your money doubles every 6 years (the rule of 72 for compounding)
4. Next comes the preservation of wealth and getting off the hand of tax man from your wealth. Learn about:
l. Free donation every year to your heirs;
2. The power of foundation to free from donors/donees tax, and estate tax.
3. The very little tax you pay on stock transactions at bourses (vs capital gains tax on ordinary transactions)
4. Tax exempt govt bonds and security.
Learn more about Wealth Building
3.
Monday, January 21, 2013
Are the microlenders lending rates low?
Ad Majorem.....Wealth Builders
The microfinance lending rates are not cheap. The lending practice started by Mohammad Yunus in Bangladesh, must have their origins in India - the Bombay lenders. A Japanese ADB employee computed to me that the effective rate of a 90 day Bombay loan, paid daily is about l200 per cent. There is no way that a borrower can get of poverty.
The 20% rate for 3 months of microfinance would be l20 % in one year. This is to cover the huge expense for collecting and servicing the loan and risk of non repayment.
We at majorem charge only l8% per annum or l.5% per annum. Well Majorem Lending loans are secured. It is because is against memorial park lots.
Low interest loan is a great resource for wealth builder
The microfinance lending rates are not cheap. The lending practice started by Mohammad Yunus in Bangladesh, must have their origins in India - the Bombay lenders. A Japanese ADB employee computed to me that the effective rate of a 90 day Bombay loan, paid daily is about l200 per cent. There is no way that a borrower can get of poverty.
The 20% rate for 3 months of microfinance would be l20 % in one year. This is to cover the huge expense for collecting and servicing the loan and risk of non repayment.
We at majorem charge only l8% per annum or l.5% per annum. Well Majorem Lending loans are secured. It is because is against memorial park lots.
Low interest loan is a great resource for wealth builder
BPI CEO Aurelio Montinola III former fellow ILEF Scholar handled our inquiry well
Ad Majorem.....Wealth Builders
We stopped dealing with his bank after a former branch manager hurriedly enforced a court order hurriedly because it was in favor of a former co employee. Their branch shrunk in size and had to close (maybe because of karma and bad mouthing).
They were back in town about 3 years ago. I met their boss in a ruby class reunion and I felt guilty that I was not banking with a former classmate. (His former boss though lends only to top 500 businesses in the country) He by the way is the MAP management man of the year awarded last December 2012. We were classmates and both ILEF scholars then. (some 40 years ago)
Lo and behold, I tried to obtain his email from a former classmate. I emailed the CEO inquiring as to who can refer us to their branch here in our town. I emailed him at 6:48 and he replied at 7:22. He said I can use his name for referral to the branch manager. And his current thrust is improving customer service
Others of lower rank would not answer emails or answer later onnnnn. So maybe we do not wonder why some people do not become CEO or never progress in life - they do not answer sms or emails.
By 9 am, the head of the Customer Service unit called me. There was instant action.
This is examplary. This is customer service in action. This is being great. This is servant leadership.
Congratulations sir. May you be a model for our employees and younger generation.
He is the type of guy (a Richard Geere look alike) who is a real wealth builder - through customer service
We stopped dealing with his bank after a former branch manager hurriedly enforced a court order hurriedly because it was in favor of a former co employee. Their branch shrunk in size and had to close (maybe because of karma and bad mouthing).
They were back in town about 3 years ago. I met their boss in a ruby class reunion and I felt guilty that I was not banking with a former classmate. (His former boss though lends only to top 500 businesses in the country) He by the way is the MAP management man of the year awarded last December 2012. We were classmates and both ILEF scholars then. (some 40 years ago)
Lo and behold, I tried to obtain his email from a former classmate. I emailed the CEO inquiring as to who can refer us to their branch here in our town. I emailed him at 6:48 and he replied at 7:22. He said I can use his name for referral to the branch manager. And his current thrust is improving customer service
Others of lower rank would not answer emails or answer later onnnnn. So maybe we do not wonder why some people do not become CEO or never progress in life - they do not answer sms or emails.
By 9 am, the head of the Customer Service unit called me. There was instant action.
This is examplary. This is customer service in action. This is being great. This is servant leadership.
Congratulations sir. May you be a model for our employees and younger generation.
He is the type of guy (a Richard Geere look alike) who is a real wealth builder - through customer service
When is the best day to post on FB/blogs? For majorem, it Monday and Friday
Ad Majorem.....Wealth Builders
From Entrepreneur.com by Michael Sebastian | January 8, 2013
This infographic tells when are best days to post on FB (or blog) For almost all, except for non profit, Monday will be a good day. The days when they are most engaged are different for different industries and products.
So today is a good day to post for Majorem lending; then on Friday and Saturday. This is for efficiency and impact. That is the way for wealth buiders
From Entrepreneur.com by Michael Sebastian | January 8, 2013
This infographic tells when are best days to post on FB (or blog) For almost all, except for non profit, Monday will be a good day. The days when they are most engaged are different for different industries and products.
So today is a good day to post for Majorem lending; then on Friday and Saturday. This is for efficiency and impact. That is the way for wealth buiders
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