En este episodio 40 hablamos de los seguros que debemos tener para cuidar de nuestro patrimonio y a los mas queridos en nuestra vidas. También tenemos una entrevista con Berta Rivera, Coordinadora del programa Cash Coalition, Empire Justice Center de la Ciudad de Rochester, New York
quien no habla de “Cash Coach” un programa dirigido a ayudar a las personas a manejar su dinero. Segun Rivera solo tienes que tener el deseo de mejorar tu situación financiera para participar del programa. Al final del programa tenemos la devoción semanal. Espero que aprendan algo del programa pero sobre todo que ponga en uso la información. Recuerde que todos tenemos Potencial Millonario.
En el programa de hoy hablamos del fraude cibernético y como usted puede identificarlo para que no termine siendo víctima de los charlatanes que intentan separarlo a usted de su dinero.
También entrevistó a Erika Mitchell, Directora de Miss & Teen Alabama y Georgia Latina Pageant quien nos dice como nuestras jovenes latina se pueden convertir en reinas de bellezas, pero mas importante cómo pueden aprender habilidades que la llevaran al éxito en sus vidas.
Attentamente- Felix A. Montelara, creador de The Potential Millionaire
Hoy hablamos de la compra de un auto (carro, vehículo, o coche), para poder comprar el mejor auto por nuestro dinero. Muchas veces la compra de un auto es una necesidad y usted no se puede dejar timar por persona inescrupulosas. Mas hoy escucharas los secretos para salir de deudas. Si tienes muchas deudas y estas atrasado con los pagos este es el programa para usted. Y por ultimo contestamos sus preguntas que llegaron por Facebook, Twitter, y Potencialmillonario.com .
Potencial Millonario Ep. 28- Liderazgo Hoy con Victor Hugo Manzanilla (parte2) En este programa de Potencial Millonario hablamos del día de las Madres y les pregunto valora usted a las mujeres en su vida? También discutimos los diferente trabajos que una madre puede hacer desde su casa. Y terminamos con la segunda parte de la entrevista con Victor Hugo Manzanilla, Blogger de Liderazgohoy.com donde hablamos sobre los hábitos que te llevan al éxito.
Potencial Millonario Ep. 28- Liderazgo Hoy con Victor Hugo Manzanilla (parte2)
Puerto Rico’s governor on Tuesday presented the territory’s first balanced budget in more than a decade, fulfilling a promise to cut spending at a time when the island’s economic problems have spread fear among U.S. investors.
Gov. Alejandro Garcia Padilla proposed more than $1.4 billion in cuts and adjustments by consolidating 25 government agencies and imposing an average 8 percent spending cut for most agencies, among other things. He also pledged $775 million to pay off debt — $525 million more than in last year’s budget.
The $9.64 billion budget aims to strengthen and revive the economy as the U.S. territory enters its eighth year in recession and struggles to reduce some $73 billion in public debt.
The budget does not call for layoffs or new taxes.
“We are finally paying off the debts of the past,” Garcia said during a televised address to a joint legislative session. “Our island needs radical changes. For too long, previous proposals have only been cosmetic or sought a collective applause.”
The governor is scheduled to formally submit the budget Wednesday, and legislators will debate it in upcoming weeks, with approval needed before June 30. Last year’s budget stood at $9.77 billion.
U.S. investors and bondholders were awaiting details of the budget and are expected to monitor its impact on the economy after Puerto Rico sold a record $3.5 billion in general obligation bonds last month in part to generate more liquidity and refinance debt.
David Tawil, co-founder and portfolio manager of New York-based Maglan Capital, praised Garcia’s push for a balanced budget, although he said reservations remain.
“It’s an important achievement beyond the financial soundness,” Tawil said. “It is all critical and goes a long way but may not necessarily be sufficient.”
Opposition legislator Lourdes Ramos criticized Garcia for not acknowledging the island’s contracting economy, the lack of jobs and dwindling funds. “It was disappointing,” she said of his speech.
Hundreds of unionized workers gathered outside the seaside Capitol to protest the cuts.
Puerto Rico economist Gustavo Velez said the last balanced budget for the U.S. territory’s government was in 1999, with governors borrowing over the past 14 years to finance deficits while violating the island’s constitution requirement for balanced budgets. He said the government borrowed an estimated $29 billion from 2004 to 2013, adding that the money wasn’t put into public works but rather was just used to let the island live beyond its means.
“That should never have occurred,” he said, adding he feels Garcia had no other option but to balance the budget. “This is happening because of the current fiscal reality. They cannot go to the market to borrow more money. … They have no choice but to face reality, to operate with the resources they have.”
Garcia, a lawyer who became governor in January 2013, inherited a more than $2.2 billion deficit and the highest unemployment rate compared with any U.S. state, among other economic problems.
He has sought to diversify the economy and strengthen its industrial base, attracting international companies with tax incentives while also courting wealthy investors such as New York hedge fund executive John Paulson.
Earlier this month, German company Lufthansa Technik announced it would invest $20 million on a facility for aviation maintenance, repair and overhaul, while Arizona-based Honeywell Aerospace said it would spend $24 million to expand its business on the island.
Garcia also has made changes to two major public pension systems, noting they would run out of money soon if nothing was done. He also previously implemented new taxes and various measures to help generate some $1.5 billion in new revenue.
The island of 3.67 million people is struggling economically. More than 450,000 people have left in the past decade, and just 41 percent of working-age Puerto Ricans are in the labor force, compared to 63 percent in the U.S.
En El programa de hablamos de la época de Pascuas.
En la sección”cuidando su dinero”, hablamos del caso financiero de Felix Tito Trinidad, 3 veces campeón de boxeo mundial, cien termino en la bancarrota por inversiones y deudas. Escuche, pase por la pagina www.potencialmillonario.com y dígame usted si Tito pudo hacer algo diferente para proteger su patrimonio. Vea encuesta: Haga clic aquí para completar la encuesta.
También entrevistamos a Adolfo Albo
de México, quien recibió premio the Excellence In Financial Literacy Education (EIFLE) en Educación Financiara uno de los premios mas codiciados en la nación Americana. Albo es parte del Bano BBVA Bancomer, Mexico. El programa de Educación financiera de BBVA Bancomer esta disponible en Latino América. Todos es gratis y esta disponible en linea gratis, el publico en general está invitado a participar, Gratis.
Espero que disfrutes del programa, pero sobre todo que aprendas algo. Recuerde que todos tenemos Potencial Millonario.
Welcome to Conspire’s Super Happy Fun Friday Link Time, a weekly collection of cool discoveries from around the Web. Most times the goal is to get you thinking differently about communication, collaboration, culture, and life in general. Other times…
Les persento la importancia de enseñarle sobre el Potencial Millonario que tenemos para lograr obtener el sueño Americano en nuestra familia. Es posible vivir aquí en los EE.UU y no tener deudas de crédito, vehículo, o hipoteca. Yo, Felix A. Montelara lo he logrado y es pero que usted haga lo mismo y pronto. Espero que disfrutes de la información de estudio por MassMutal y veas que todos tenemos Potencial Millonario.
Felix A. Montelara
Autor & Protagonista: Potencial Millonario
La encuesta también identifica la desconexión entre lo que los hispanos dicen y hacen cuando se trata de la planificación financiera SPRINGFIELD, PRNewswire-HISPANIC PR WIRE/ — Para los hispanos parece que la…
Boxing legend Felix “Tito” Trinidad is brought to his knees by a 68 million investment loss. However, the knockout blow may be the reported debt of approximately nine million dollars.
Felix Trinidad, in an attempt to be responsible with his assets obtained a brokerage firm, “Popular Securities,” to manage his well-earned fortune. Now I’m going to explain how it is possible to lose an estimated 68 million dollars even if it is invested by a third party and you (or in this case Trinidad) are not monitoring the account. According to reports, José ‘Pepe’ Ramos was assigned by Popular Securities to handle Trinidad’s account. Ramos invested most if not all the money in bonds, according to news reports in Puerto Rico. The truth is that until September 2013, this type of investment was not risky on face value. The problem began in September 2013 when the markets (Moody’s and the S&P 500) downgraded Puerto Rico’s bonds to junk bond status, hence reducing Trinidad’s wealth (fortune). It is said that Trinidad began to see losses in his statement. Really? Red flag, anyone?
The second problem is that if it is true that Ramos invested 100% of Trinidad’s money in bonds only, we can all see an issue with assets allocation. In lay man words, Ramos placed all the eggs in one basket (Puerto Rico bonds). The right thing to do was to diversify into many assets across the market and invest in several different market sectors, as I would say, “A little of this and a little of that.” Truth be said it is unknown at this time if Trinidad asked to be conservative with his investments, or even if Ramos was authorized to invest without Trinidad’s consent. No one knows why Ramos decided to place everything into bonds. It is true that before September 2013, Puerto Rico bonds had good ratings in the market and benefited from a triple tax exemption and could be enticing- or as I would say it would have been “sexy” to invest in them for any portfolio at that time; however, never at 100% of any portfolio.
One must understand that Trinidad is a former professional athlete and a marvelous boxing World Champion. He is not a finance expert. He took prudent steps to preserve his fortune but that was not enough. The last blow brings Trinidad to his knees by a man without gloves in a suit. The lack of basic personal finance education hurt Trinidad as much as it hurts everyone else. Trinidad would have most likely have avoided this type of situation if he was well trained in personals finances. Its like training for a championship bout and not knowing the opponent. It is alleged that Trinidad noticed losses on his statement. In the boxing world that is like telegraphing a cross punch. With personal finance training Trinidad may have seen the knee dropping blow coming his way. When Trinidad
received his earning statement reports with some personal finance training he could have determined that all the eggs were in one basket and we all know in personal finances that is not a good thing.
Also with a good personal financial education a millionaire worth 68 plus may have not carried with an estimated nine million in debts. Why would Trinidad? Anyone trained or educated in the basics of personal finance knows that the debt is the most powerful opponent, who most likely provides the knock out blow when you are already down on your knees. But as they say in my neighborhood: “to late,” the money was invested and lost. The only controversy is whether Ramos was authorized by Trinidad to place the eggs in one basket. Ramos, along with Popular Securities, will defend themselves as if they were in a championship bout and the truth will be known in court.
If you were in Trinidad’s shoes, would you have the know-how to foresee that ultimately it is your responsibility to watch over your money?
Finally, we are celebrating Financial Literacy month in April. Wise up! Get educated in personal finance and do not allow yourself to be victimized due to financial ignorance. Remember, we all have “The Potential Millionaire.”