“10-20-70”

No it will not be the winning combination later. It’s actually “The Abundance Formula,” shared by “much sought-after Catholic lay preacher and bestselling author” Bo Sanchez in his latest book.  I received a copy of this book last March 22, from Quick and Fast Credit Cooperative (QFCC) chairman of the board Mel  P. Tadeo, but due to work related activities I finished reading the 132-page book only today. It’s a very powerful book. Everybody should grab a copy, (if you become a member of QFCC this will actually be given to you for free after your pre-membership seminar :)), because it’s life changing. Trust me, after reading this book you will have a different view of life and living in general.

Bro. Bo really follows what is being taught in journalism school: “Write as you talk.” Reading his book gives you a feeling that you are just talking to him face to face. If you have seen him in person, you can actually visualize his facial expression as you read the book. It’s really personalized. He writes with spontaneity and so much heart. Every word counts and each sentence leaves you nodding in agreement.  Moreover, each chapter inspires you to apply everything he shares in the book.

“10-20-70” actually refers to how you divide your monthly income upon receiving it: 10% tithing, 20% investment and 70% expenses. Tithing means giving back to the Lord who is the source of your blessings. The book specifies the between tithing and giving alms and donations to the destitute or needy. Your tithe should be brought to the ‘temple” meaning house of God. It’s the money you lift out from your pocket during offertory. So if you donate to charity that is a different story. But don’t worry because it has been proven a lot of times already how truthful and accurate the saying that goes, “The more you give the more you receive.”  The book discusses too which shall be the basis of the 10% tithe: gross or net income? Bro. Bo provides a funny story in addressing the question.

He provides tips as well as to where it is appropriate to invest the 20% of your income as he also stresses the need to live simply. I so love these lines from the book about living simply: "Don't allow material things to define who you are. Be defined by your relationship with God." In fact these lines solidify my decision not to renew my postpaid plan with my present communication network. Instead I will acquire a cheaper plan that will not only suit my need but at the same time make me save a thousand pesos. Thank you Bro. Bo!     

   And since he has actually proven the effectiveness of the “10-20-70” formula, Bro. Bo is confident that you will eventually upgrade it to “20-20-60” when blessings gradually come in and abundance is within your reach. He points out that it is not a sin to aspire to be wealthy as long as your intention of becoming rich is for the good of the greater majority. Bro. Bo points out you cannot help the needy if you yourself is financially broke.

But yes, tithing will not be an easy thing to do. In fact a year or two ago, I really had a hard time doing it. I used to give only what is left of my money, meaning after I have paid everything—house rent, electricity, water, food, and debts. Therefore, it was not actually 10% of my monthly income that I gave back to the Lord in those times. Tithing for me, takes a lot of courage to do which is possible only when your faith is very strong and mature. For faith is about believing that God will never forsake you, that He will be there for you always. It is about being convinced that He will provide for you after you have given ‘Caesar what is for Caesar.”

And polishing, strengthening once faith does not happen overnight. But actually it will duly happen as you go through life every day. The struggles, problems, disappointments, and failures are actually not stumbling blocks. They are actually the most effective ingredients for you to grow in faith. Because when you have all these challenges in your midst, there is nobody whom you can turn to and you are only left with two options: kneel down and be humbled, then raise your arms in surrender to God. Therefore, embrace your problems, be thankful when you are tested because after that storm, a rainbow shall come out and you shall become a better and a stronger child of God.

 Grab a copy of “The Abundance Formula” by Bo Sanchez then to learn more and for you to taste your first million in due time.

(For investment opportunities, keep in touch with us at QFCC because we do not only “Help People Help Themselves,” but we also teach you how you can “Save, Earn and Share,”all at the same time).

    

"CHRIST"- Centered Coop Reaches Out

Anchored on its goal of “Helping People Help Themselves”, the Quick and Fast Credit Cooperative (QFCC), finally opened its door to the public through a soft launch last February 8, in Malate, Manila.

A subsidiary of Quick and Fast Logistics International owned and operated by Carmela Tadeo, QFCC aims to provide C.H.R.I.S.T. –centered, services through its various savings packages.

CHRIST stands for Cooperation, Humility, Respect, Integrity, Sense of Community and Honesty and Transparency. It came into being after super-typhoon Yolanda devastated almost the entire Visayas that left thousands dead and millions in damaged properties and livelihood.

After Yolanda, the Carmela Tadeo Foundation Inc. which is primarily a scholarship foundation, has seen the need to help typhoon victims particularly in Bantayan Island in northern Cebu.

QFCC having been an inter-office cooperative under the Carmela Tadeo group of companies for a decade already, has given employees enough savings for them to use in case of crises.

Thus, kind-hearted employees gathered all their savings that amounted to P2 million which they used as seed money for the cooperative, part of which was donated to the foundation and was used in the relief operations in Bantayan Island.

Now the successful inter-office cooperative has opened its door to the working public with the goal of not only transforming the working class as financially literate individuals, but also to expose them to the beauty of helping the needy through the various saving packages.

QFCC chairperson Mel Tadeo and vice-chairperson Mary Ann Gonzales unveiled the coop's logo during it's soft launch last February 8, at the Ramon Magsaysay Center in Malate, Manila.

Various Savings Packages

The packages include the Regular, Educational, Share Capital, Helping Hands and Youth & Kiddie savings respectively.

Under the Regular Savings package, members will have a maintaining balance of P300, with no service charge even if the amount left is only P100 and has been dormant. It shall enjoy a 3% annual interest, provided that it is within the maintaining balance that is P500. Plus a member can withdraw from his savings anytime.

Meanwhile, the Educational Savings shall have a maintaining balance of P300, but shall not be deducted a service charge if it’s below the said amount. It will enjoy a 3% annual interest provided that it is within the maintaining balance of P500. The minimum deposit should be P20 and the savings can be withdrawn upon the enrollment of the sponsored student.

The Share Capital Savings on the other hand shall have an initial deposit of P100, cannot be withdrawn and will enjoy a dividend at the end of the year.

Helping Hands Savings shall have a maintaining balance of P300 and minimum deposit should be P20, and will get a 2% annual interest. Under this package, an automatic deduction of P20 will be implemented to serve as burial assistance in case a member dies. P5 meanwhile shall be deducted should a member be hospitalized due to accident or natural diseases.

The Youth & Kiddie Savings shall have a maintaining balance of P100 and will receive a 3% annual interest. A member can make withdrawal anytime, as long as the savings is not below the maintaining balance.

During the launch, Tadeo who owns 10 other companies, such as Quick and Fast Logistics International, Carmella Home Properties, Aqua Serve, UV Express, Kinula Laundry Shop and Carry All Mobile and Catering among others revealed that, a percentage of the cooperative’s  profit will go to the foundation to raise funds for the rehabilitation efforts of the company in Bantayan Island.

Tadeo who is from a destitute family hails from a mountain barangay in Bulacan, has successfully founded these companies through hardwork, determination and strong faith in God.

A consistent honor student from elementary to college, Tadeo finished commerce as cum laude and is a CPA.

Working as tutor to cousins during weekend in high school after graduating valedictorian in elementary, Tadeo went on to become a scholar of the Bulacan Foundation.

“Pwede na akong huminto magnegosyo, makapagrelax at magtravel abroad kahit monthly pa. Pero kawawa naman ang mga empleyado at mga kaibigan ko. Hindi naman yata makakaya ng konsensya ko  na okay ako, samantalang sila namomobrelema. So I told God, I want to serve You and give back. Tulungan mo ako. So ito na yun, tuturuan natin sila. We can be millionaires in due time. Possible yun,” Tadeo ended. 

The Diamond Tree. A red ribbon will be tied in each diamond everytime the cooperative will have a new member. This will serve as the management's motivation to reach out to more people for this tree to be fully covered with red. There are 500K pieces of diamonds in this tree. Two of these trees will be placed at the coop's lobby very soon.