Making Money

Where to Deposit Your Money to Earn High Interest Rates

Do you want the flexibility to manage your funds through many channels, and not be limited to visiting a physical bank branch and transacting within regular hours? And at the same time, want to earn high interest rates for your money? Then deposit it at Citibank through its Citi e-Savings Plus.

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10 Year Old Kid Give Big Value to Small Denomination Coins

Many kids of today no longer appreciate the value of small denomination coins. If small denomination coins like 25-cent, 10-cent and 5-cent and 1-cent coin (if it is still in circulation today) will be given to kids, there’s a big possibility that they will be ignored or threw away. Kids would think that these small denomination coins have no value at all. This is bad perception and not a good situation to rejoice.

But there are few who give value to 25-cent, 10-cent and 5-cent and 1-cent coin. One I knew is Gene Daniel M. Floresca, a 10-year old student of South Crest School of Muntinlupa City. He collected lots of these small denomination coins and put it into coin banks. Although it is a small time saving idea, it instills the young kid to give value to small denomination coins and save money for his future.

How Gene Daniel started it? Here’s the story…

Gene Daniel love going to the mall with his mom or dad when they buy groceries. Sometime when there’s time, they ate at fastfood outlets or they visit bookstores, where he get a chance to read or buy books he like.

One day, he saw one 10-cent coin on the supermarket floor. He picked it up and put in his pocket. After a few minutes of walking, he saw a 25-cent coin. He picked that up too. On the third time he saw a coin on the floor that day, he started to think that there are many people who drop their coins and don’t bother to pick them up.

The next time they went to the mall, he saw some coins again! This inspired him to keep all the coins he find in a small glass jar that his mom doesn’t use anymore. He thought that if he collects many coins, he could save a lot of money.

When his collection grew, the coins didn’t fit in the jar anymore. So his dad made him a coin bank out of an empty plastic container. He put all his 10 cents there because he has so many of them. He placed also other coins inside a small wallet. When his 5 cents became plenty too, his daddy made another coin bank. So he has two coin banks, one for the 10 cents and one for the 5 cents.

Some people and even kids think that 10 cents is just a small amount of money. But his mom and dad told him that he cannot make P1.00 without the 5 or 10 cents. Now, he is happy that even if he is just a kid, he already know that any amount of money is important.

Today, he is still collecting smaller denomination coins and let his savings grow. He opened a savings account for kids. When his coins banks are full, he can deposit all the money in his savings account in the bankso they can grow more.

Gene Daniel’s story is an eye-opener for other kids. Like him, they too can start to save their found small denomination coins, make it grow and deposit them in the bank.

Everything You Need to Know About Insurance Selling from Noah’s Ark

Insurance selling is a great job opportunity for smart individuals even in times of financial crisis. Adopting sipag at tiyaga of Senator Manny Villar, one can become a millionaire three or five years from now.

Here’s a great tip for new insurance agents.

One: It pays to plan ahead. It wasn’t raining when Noah built the ark.

Two: We should stay fit. Noah was 600 years old when he was asked to do something really big. No one’s really old to get into the insurance business; age brings more prospects.

Three: We shouldn’t listen to critics. One hundred and twenty years of work on an ark meant for a flood not likely to happen seemed impractical to Noah’s contemporaries. People who live for the ‘here and now’ are not very eager to set aside money for the future.

Four: There is an advantage when you have two of everything. This should include our plans in life.

Five: Speed isn’t always an advantage. The snails made it on board the ark together with the cheetahs. Don’t hurry off to meet a client unprepared. Take time to explain clearly the benefits of an insurance plan.

Six: When the floods of our lives come, we may need to float a while. Amidst the financial troubles that accompany upheavals and sudden life changes, blessed are those who have a lifeboat they can depend on.

Seven: A reliable ark might just set us down on even higher ground than before. It is possible to actually be better off, or have an improved financial situation after having experienced the ill effects of force majure.