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ASSET vs LIABILITYSon: Dad, may I speak with you?Dad: Go ahead.Son: Among all my classmates, I am the only one without a...
03/12/2024

ASSET vs LIABILITY

Son: Dad, may I speak with you?
Dad: Go ahead.
Son: Among all my classmates, I am the only one without a car. It is embarrassing.
Dad: What do you want me to do?
Son: I need a car. I don't want to feel odd.
Dad: Do you have a particular car in mind?
Son: Yes dad (smiling)
Dad: How much?
Son: 500,000 pesos
Dad: I will give you the money on one condition.
Son: What is the condition?
Dad: You will not use the money to buy a car but invest it. If you make enough profit from the investment, you can go ahead and buy the car.
Son: Deal.

Then, the father gave him a cheque of 500,000 pesos. The son cashed the cheque and invested it in obedience to the verbal agreement that he had with his father.

Some months later, the father asked the son how he was faring. The son responded that his business was improving. The father left him.

When it was exactly a year after he gave him the money, the father asked him to show him how far the business has gone. The son readily agreed and the following discussion took place:

Dad: From this I can see that you have made a lot of money.
Son: Yes dad.
Dad: Do you still remember our agreement?
Son: Yes
Dad: What is it?
Son: We agreed that I should invest the money and buy the car from the profit.
Dad: Why have you not bought the car?
Son: I don't need the car again. I want to invest more.
Dad: Good. You have learnt the lessons that I wanted to teach you.
- You didn't really need the car, you just wanted to feel among. That would have placed extra financial obligations on you. It wasn't an asset then; but a liability.
- Two, it is very important for you to invest in your future before living like a king.
Son: Thanks dad.

Then the father gave him the keys of the latest model of that car.

MORALS:
1. Always invest first before you start living the way you want.

2. What you see as a need now may become a want if you can take a little time to get over your feelings.

3. Try to be able to distinguish between an asset and a liability so that what you see as an asset today will not become a liability to you tomorrow.

In a rare moment, Davao City was featured on the iconic Burj Khalifa, the tallest high-rise building in the world, locat...
25/11/2024

In a rare moment, Davao City was featured on the iconic Burj Khalifa, the tallest high-rise building in the world, located in Dubai, United Arab Emirates.
It was revealed that Davao is among the Philippine destinations, alongside Bohol, Siargao, Clark, and Iloilo, being promoted by the airline company Cebu Pacific on the world’s tallest building.





Ato ni bai💚💚💚👊

I am G with IMG Savings! 💰Get ready to take control of your financial future by starting to build your savings today!   ...
30/09/2024

I am G with IMG Savings! 💰

Get ready to take control of your financial future by starting to build your savings today!






Always choose the right financial path you will take!

Do the right thing and choose the path that leads to a future filled with positivity and endless possibilities.

Don't forget to join the IMG's different trainings and workshops, and together, we'll make a difference in the lives of countless Filipinos!






30/09/2024

My travel buddy ! ♥︎♥︎♥︎

18/06/2022

Explore Bohol !!!🥰🥰🥰🥰

Top 10  best summer destinations in Philippines 🇵🇭
19/03/2022

Top 10 best summer destinations in Philippines 🇵🇭

➡️Please READ: Magbasa mga mahilig mag hanap ng PISO fare na gusto PISO lang din ang babayaran😅😅😅Sumasakit bangs ko sa i...
14/03/2022

➡️Please READ: Magbasa mga mahilig mag hanap ng PISO fare na gusto PISO lang din ang babayaran😅😅😅
Sumasakit bangs ko sa inyo☺

1. Kadalasan ng published rates ng airlines ay BASE FARE ONLY, unless otherwise stated. Ano nga ba ang ibig sabihin pag BASE FARE?

- Base Fare is the amount of fare before taxes, fuel surcharge and terminal fees are added.

- Illustration: May seat sale or piso fare ang airline, sa post nakita mo 1, 99, 299, 399 and so on.

- BASE FARE: Php 268 x 2 way (published rate ni airline sa post) for example roundtrip CRK-CEB-CRK

VAT: Php 118

Terminal Fee: 300

Aviation Security Fee: 30

Fuel Surcharge: 450

Web Admin Fee: 560

Total Amount: Php 1994

- Di maaaring di mo bayaran ang tax, at mga fees na yan kasi government mandated yan.

YUNG SA PORTAL ALL IN NA KASAMA NA LAHAT NG NABANGGIT. HINDI BASE FARE.

2. Naka promo ba ang ganitong date?

Example Christmas Season, HolyWeek, Special Holidays, Long Weekends.

- 95% Hindi PO. Dahil ang mga petsang ito ay tinatawag na black out dates kung saan, di applicable ang promo fares dahil sa taas ng demand, dahil sa ang daming gustong magbiyahe sa ganitong time.

3. Discounted po ba ang bata, 3 years old and above?

- Considered as adult rate na po sila.

- Infant Rate is only applicable for 2 years old and below at dapat, wala pang 2 years old ang bata sa date ng travel para maging eligible sa infant rate.

4. Magpapabook po sana ako kaso bukas ko pa po mababayaran, pwede po ba ipareserve yan?

- BOOK AND BUY BASIS po ang airlines. Ibig sabihin, para mapasayo ang booking na gusto mo, kailangan muna itong bayaran bago makapag issue ng ticket. Dahil kadalasan, walang kakayahan ang agency na i-hold ang seats o promo fares.

5. Bakit inoffer ako ng murang fare sa una kong inquire nung babalikan ko mahal na?

- First come first served basis po ang booking ng promo. Maaaring nung nag inquire po kayo, available pa dahil maaga pa. Ngunit nakabase pa rin ang final ticket price sa oras kung kailan ninyo masesettle ang bayad. Kaya dapat wag na magpaligoy ligoy pa kung may nakita nang sale.

6. Legit ang offer ng isang ticketing office or travel agency kung:

☑️ Published rate must be aligned to the published rate offered by the airlines. Pag may nagooffer sa inyo na mas mababa sa mga yan o sobrang malayo sa published rate, magtaka ka na, dahil malamang scam yan.

☑️Pag nagbook sa mga online travel agency, make Sure na makikita nyo sa itinerary ticket nyo ang PNR para macheck nyo sa airlines kung may confirmed reservation ka sa kanila.

Thisss 💯 ✅🎯
14/03/2022

Thisss 💯 ✅🎯

A MESSAGE TO MENWhen choosing a woman who works, you have to accept that she can't handle the house.If you have chosen a...
14/03/2022

A MESSAGE TO MEN

When choosing a woman who works, you have to accept that she can't handle the house.
If you have chosen a housewife who can take care of you and fully manage your household, you have to accept that she is not earning money.
If you choose an obedient woman, you must accept that she depends on you and you must ensure her life.
If you decide to be with a strong woman, you have to accept that she is tough and she has her own opinion.
If you choose a beautiful woman, then you will have to accept big expenses.
If you decide to be with a successful woman, you must understand that she has character and has her own goals and ambitions.
There are no such things as perfect. Everyone has their own riddle, which makes us unique

📸
🧐
🧠
❤️
☝️

If you don't get out of the box you've been raised in,  you won't understand how much  bigger the world  is         -Ang...
08/03/2022

If you don't get out of the box you've been raised in, you won't understand how much bigger the world is

-Angelina Jolie -




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