From Evernote:

Maximize your return

If your starting point for investment is just $1, life is easy!  You can only go up.  

Realistically, most people start in the middle – about $10,000 to $20,000.  But with the overload of financial information in the marketplace, people sometimes prefer to do nothing because they fear to lose their money due to a bad investment decision.  In the end, most people end up leaving their money in the bank.    

Where's the best place to put that money?  What are the ways to make the most of your money?

Your financial adviser will say that the "best investment" for your money will depend on the risks you're willing to take.  

However, in today's unpredictable stock markets, chasing short–term returns is only for people who can afford to lose.  Therefore, the prudent thing to do will be to take a long–term strategy that tries to minimize risks and provide reasonable returns.

That's where long term investment would come in.

Wesleyan Apartment Building 1 - 28 October 2014

What we have here is a bunch of pictures that was shared by the contractor. Showing the project's progress at this stage.

Note: This is an apartment project at the back of Wesleyan University of the Philippines, Cabanatuan City, Nueva Ecija, Philippines.

Bank Financing Comparison : BDO versus East West Bank

I have accounts on this 2 banks so I decided to compare on which would be more cost effective in terms of interest.

The loan will be used on an apartment building in Cabanatuan City just at the back of Wesleyan University of the Philippines.

We have the budget but a bit short of a mil to start kicking off the project of additional 4 door apartment building.

We are supposed to delay it for another year to boost up our funds and we also thought of getting a loan (haven't done this before). Just looking up some figures on the respective bank's website below are the figures.

BDO 

EASTWEST BANK

This is the computation from East West Bank

East West is a bit high with a few hundreds but I haven't look at yet on the processing side of things which is also a part of the consideration.

A good reference for other banks would be this link from gma network

Wesleyan Apartment Building 1 - 17 October 2014

This is how it looks as of 17 October 2014

Investing on a Nanny in Singapore

 

 

In Singapore, having a Nanny is of great advantage as this would free you up in a lot of things.

Advantages that I can think of

- I won't be doing the house hold stuff such as cleaning, cooking, laundry, washing the plates etc. :)

- this means I have quality time to do other things such as

- a dinner date with my wife

- do homework with my son and play.

- play time with my little girl

- take a rest

- read a book

- attend night events such as weekly devotional and other meetings

 

Or course getting a nanny in Singapore is not a walk in the park and here's the process on how to do it assuming that you want to do it on your own and not requiring the assistance of an employment agency to process the application.

- Before you apply please visit the MOM website

- attend the seminar from MOM

- requirements for Nanny

- Application process can also be found on this link.

 

There are 2 options for the seminar. Either you do it online or attend on the allocated schedule date.

 

I have opted for the online training which lasted me for almost 3 hours.

 

Upon completion of the online training. A certificate will be provided to acknowledge that you have completed the course.

 

After 3 days you may process the application of FDW. Fill up and enter the necessary information from the link provided.

 

It will take at least a day for the IPA to be released.

 

Once you have the IPA the next step would be to process the insurance coverage of FDW.

NOTE: It is a requirement for FDW to have an insurance coverage.

 

Normally they would suggest to get the insurance coverage from NTUC Income.

 

The cost for basic insurance coverage is 256.80 SGD. A top up can be added to include hospitalization and in case the FDW would run away.

 

NTUC Income would also require the estimated date of arrival of the FDW as they would submit the Insurance information to MOM at least a day before the FDW arrives in Singapore.

 

Assuming that the nanny has arrived in Singapore, has settled down and already starts working. Now it's time to consider on how you are going to provide the nanny her salary. it's either by giving the salary each month to the nanny. I just found out recently that there is an option for the employer to open a POSB savings bank account for the nanny with no initial deposit and maintaining balance. Details can be found here.

 

Did you know that Filipinos in Europe and America envy the Filipinos in Asia as it is easier for us to get a Nanny? For them it would be very costly.

 

Wesleyan Apartment Design Proposal

Submitted as proposed by Engineer Don Eduardo. A 2 storey apartment building located at the back of Wesleyan University of the Philippines Cabanatuan City Nueva Ecija. Expected availability will be on March 2015.

Wesleyan Apartment ACCOMPLISHMENT REPORT 7 Oct 2014

This is where the project is for the last 3 weeks.