Macau Convention - April 8, 2018 (Part 1)

Below are my notes from our convention last April 8, 2018. I divided them into 3 parts. Part 1 and 2 are the learnings. Part 3 will be all about the announcements and latest updates. :)

REX MENDOZA

​"Every IMG member you make is a soul you save." -Rex Mendoza

Random Notes from Rex Mendoza:

• Wealth - people want it but they don't really work hard for it.
• History always repeats itself, people never learn. We have to keep on reminding them that they should invest more when the market is low because as always, eventually it will go up! 
• Asset Under Management of Soldivo - 1B+ na --- in 3 years!!! That's a record! Other companies take a much longer time but we did it in 3 years!
• Fear is born out of not knowing. Solution: keep on learning! Ergo, we can eliminate the fear of people by educating them.

People who are ignorant about inflation:
Person 1: Okay na ako sa banko, guaranteed naman.
Investor: Guaranteed? Guaranteed to lose. Haha
Person: Bakit?
Investor: Inflation bes.

There are only 2 types of debts:
Good debt vs. Bad debt -- Wag ka uutang para lang sa bagay na di mo naman kailangan sa buhay mo.

Before - You buy insurance to protect your family from estate.
Now - You buy insurance to create estate/wealth for your family.

Which one do you want?
Active Income = Getting paid for time --- No time freedom plus very limited income.
Passive Income = Getting paid for results --- You're the boss, you can dictate the results and your possible income.

Market Updates:

• Mixed signals for 2018. There are many challenges ahead, but the long term prospects of the Philippines remain positive.
• Inflation - 3.9%
• By 2021 the PSEi is projected to hit 13,000 level!!!!
• Philippines is an “Alpha Stock” — one of the fastest growing market for goods and services.

Practical Wealth Planning Strategies -- Simple Steps To Wealth Creation:
1. Expand your earning potential.
This is a better solution than just cutting your expenses. At least you’re still able to enjoy.
2. Maintain a lifestyle lower than your income.
3. Accumulate and grow what you can keep.
(Invest your linear income so you can earn exponential income.)
4. Do it with purpose. Always anchor everything on what truly matters.
5. Maximize and optimize, then share your bounty with others.
Keep on exceeding your potential.
6. Enjoy the process.
7. Strive for growth and serve more people.

---

SHARING FROM THE NEWLY PROMOTED GREEN JACKETS
Key Insights:

On Building the IMG Business:

• Use your heart when it comes to helping and building people.
• "I may not have the biggest why but I know that I have a big heart to help." This business must really be built with the heart. It's about having genuine concern for people.
• Pag natutulungan mo na kasi yung sarili mo, automatic ang sunod ay tumulong ka na sa iba.
• If you don't trust me and what I do, then you don't deserve my loyalty.
• Attend trainings, minimum twice a week. You really have to stay connected to the charging station. NO EXCUSES.
• Where do you see yourself 3-5 years from now? You should have a goal. In your business, you should have a goal. In your personal growth, you should have a goal. Always have a goal. What you do should add up and help you achieve a certain goal.
• Remember: Financial Education is not just for the wealthy, it is for everyone. Wala ka dapat pinipili.
• We believe in hardwork and sacrifice - part of the planting season yan, sa simula ganun talaga but eventually, harvest time na. :)

On Dreaming:

• Your passion will lead you to your purpose.
• Don't let others kill your dreams. People will laugh at you, mock you, and even question your dreams, but don't listen to them. You have to make it work.
• Always be excited! Feel your success!

On Persevering:

• "God, now that I'm in this struggling situation, show me what you want me to learn."
• We may fail many times, but as long as we don't give up, we will eventually succeed! Remember: Failures are essential for our growth.

On Building Your Belief In IMG:

• IMG is one of the best platforms to help people. We have the platform to educate and the products to execute. We are pioneers in this kind of industry.
• IMG works for everybody. Regardless of your background, IMG will work for you. 
• Sa mga taong di parin bilib sa IMG. Ano na? I-full mo na. 200% belief dapat! You will not succeed unless you are proud of what you do and we have all the reasons to be proud of IMG.

Continue to Part 2.