By J3 Patino
Should You Join IMG? Should you Own a Kaiser Plan?
There are THREE ways to look at IMG. You can look at it as a (1) School, (2) Investment, (3) Business Advocacy.
IMG as a School
The initial training you attended was just 1 of the many available trainings in IMG about different financial instruments. Also, as a member you will have a chance to network, discuss and consult with other members who are also financially “aware”. IMG is a great community of financial literacy advocates and practitioners.
If want this, then all you have to do is to become a member of IMG. The membership costs about P3,700 (fees may change overtime). This will grant you access to the ‘higher series’, and of course the people would be more gladly help you achieve your goals.
(Insider’s Note: The person who invited you will not get compensated in any way if you do decide to become a member. The fee should cover for your starter kit, trainings and license, which will be discussed in the later section)
IMG as an Investment
Remember that IMG is a financial brokerage. And aside from the Kaiser plan, you can also purchase mutual funds, insurance, real estate and other instruments from its partners. If you plan on just investing with IMG partners like Kaiser (HMO), or PhilamLife (Insurance) or PhilEquity (Mutual Fund) or Ayala Land(real estate) or any of the financial product providers it represents , then it is going to be more convenient for you since it’s just a one-stop shop. You will be dealing with just one person for all your insurance, healthcare, mutual fund, and even for estate planning. And more important than convenience, you can also be assured that the person you’re dealing with is someone who is financially educated, and not just a product pusher of whatever his company is selling.
To get an investment from IMG, then simply approach the person who invited you and ask them what the available and recommended products are, given your specific goals.
(Insider’s Note: If you do purchase any product, then the person you buy from and the person who referred you will earn a commission. This practice is pretty standard in all sales industries.)
IMG as a Business Advocacy
IMG can also be seen as a business, wherein you would be spreading financial literacy to Filipino’s all over the world, and be financially compensated for it. (As mentioned early in the post, IMG is an education focused business). So as you spread financially literacy, you will meet 3 different people:
- People who would ignore you.
You pray for these people and hope they will be more financially responsible.
- People who would want to apply what they learned from you.
You teach and recommend investments here. If they buy, you earn a commission!
- People who would want to join you in your advocacy.
You train them how to do the same and you will earn royalty fees.
Note: There are already existing training seminars that will teach you how to do this step-by-step. So even if you do not have a finance background, part of the IMG training is of course learning how to apply it in your own life first. Remember the quote:
“To learn, READ.
To know, WRITE.
To master, TEACH”.
If you do IMG as a business, then it is part of the training wherein you will learn how to master financial literacy, because you will be teaching it to others. This is a much harder path to do, but it is also more financially rewarding.
To do IMG as a business, you will have to:
- Become a Member (Pay the P3,700 fee and start attending trainings), THEN
- Purchase the Kaiser Health Plan.
The details of this can be discussed by the person who invited you or introduced you to IMG. When you do IMG as a business, you become a broker for all the financial product provider-partners of IMG (yes, you become a broker for Kaiser, for Philamlife, Ayala Land, etc), and thus eligible to earn commissions on sales. You could grow this business with no capital, guided by a team of business mentors ( but details are beyond the scope of this article ).
So that’s all for this article! I highly recommend that you get back to the person who invited you and let him or her know if you want to go with IMG as a School, Investment or a Business. (You can also say none of the options, that’s not a problem – just let them know!).
If you have any questions, I’m sure the person who invited you will be happy to discuss it with you. For now, I hope that this article has helped you understand what is IMG, Kaiser and how it can help you achieve your financial goals.
About J3 Patino
J3 PATIÑO is a personal finance consultant dedicated to teaching Filipinos around the world, how to achieve financial freedom and financial abundance by understanding the world of money, in a simple, practical and very-easy to understand way.
J3′s books, videos, seminars, and posts inspire tens of thousands of Filipino’s all over the world from different walks of life – from students, young professionals, starting families, to OFWs, entrepreneurs and executives. J3 is also a member of the Registered Financial Planners (RFP) of the Philippines, a former faculty member of the University of the Philippines, and most importantly a lifetime student of student of personal finance.