'Make Your Money Grow' with Aya Laraya

Last Saturday (28th April 2012) was a day well spent since it was the first time for me to attend the seminar of Aya Laraya, an investment advocate and host of financial literacy program ‘Pesos and Sense’. Although I have been watching the show which started airing September of last year. The seminar entitled ‘Make your money grow’ held at the East Tower, Philippine Stock Exchange in Ortigas.

It started with an introduction about Aya who worked as a simple runner/messenger for the old Philippine Stock Exchange at a very young age. And now, with more than two decades of expertise, Aya continues to educate the nation through conducting seminar series. 



Here are some highlights of the event:

-Reasons why people do not invest: Fear, Ignorance and Bad habits
         a. Never ever invest in anything you do not know
         b. Take time to learn so it can take away your fear
         c. Understand how investments work and what you are getting into
         d. Thinking but not doing; doing without thinking

-“The only difference between a rich person and a poor person is how they use their time.” –Robert Kiyosaki

-The Social Cost of Investing (delayed gratification). Sacrifices that you will make for your dreams turn into reality

-Not enjoying your money today so you can have something better in the future

-Time is Money. It is never too early to invest. Starting early will mostly give you bigger gains

-Every investment needs time. Match time with your goals

-All should have life insuranceenough to pay for your estate taxes

-Make plans for your money because others plan to take it

-Aya’s Investment Diagram (AID) lets you know which investments are more suited for you:
                Time – Do I have enough time?
                Knowledge – What do I want? Where is my money going?
                Money – Money begets money

-Before you invest, you must KKK: Know why. Know what. Know how

-Types of Investment:
  1. Bank products – low risk, low return (below inflation). Good for daily expenses and emergencies.                                                         
  2. Bonds – high capital, low liquidity. These are long term instruments
  3. Managed Funds (Mutual Funds) – minimum capital. There are professional fund managers who manage your money that can give you peace of mind
  4. Real Estate – high capital, difficult to convert to cash. This can provide you recurring income and it is high earning potential
  5.  Stocks – high risk, high returns. You can now be a part-owner of a company
-You should beat inflation through smart investing

-“Poverty is not lack of time but mismanaged time. Not lack of money but mismanaged money.” –Anonymous

-Acquire Knowledge. You make the decision. Act Now!

The next seminar will be about 'Time Value of Money'. Catch Aya again on May 26, 2012 (Saturday) from 2:00-5:00pm. Visit Pesos and Sense's Facebook page for updates.

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