Aired (February 8, 2025): Boss Toyo shares how leveraging loans properly can open doors to financial opportunities and long-term success. #YourHonor #YouLOL #YouLOLOriginals
YouLOL Originals presents 'Your Honor,' a one-of-a-kind vodcast that combines satire, showbiz, trending issues, and chismis.
Hindi ito Senado. Hindi rin ito Kongreso. Pero may hearing dito. Samahan sina Buboy Villar at Tuesday Vargas na imbestigahan ang iba’t ibang mga isyu natin sa life kasama ang mga celebrity resource person. Seryosong usapan pero matatawa ka. Gano'n naman ang hearing, 'di ba?
Catch the weekly session every Saturday, 7:15 pm, after Pepito Manaloto, on YouLOL livestream. Full episodes are available on YouTube, Spotify, and Apple Podcast.
For more 'Your Honor' Highlights, click the link below:
https://www.youtube.com/playlist?list=PL_UmNDDvymmDqWGCl_2PTdPgbrtob4VDN
For more 'Your Honor' Full Episode, click the link below:
https://www.youtube.com/playlist?list=PL_UmNDDvymmD6lOsY527r14_AkfuTOkX7
YouLOL Originals presents 'Your Honor,' a one-of-a-kind vodcast that combines satire, showbiz, trending issues, and chismis.
Hindi ito Senado. Hindi rin ito Kongreso. Pero may hearing dito. Samahan sina Buboy Villar at Tuesday Vargas na imbestigahan ang iba’t ibang mga isyu natin sa life kasama ang mga celebrity resource person. Seryosong usapan pero matatawa ka. Gano'n naman ang hearing, 'di ba?
Catch the weekly session every Saturday, 7:15 pm, after Pepito Manaloto, on YouLOL livestream. Full episodes are available on YouTube, Spotify, and Apple Podcast.
For more 'Your Honor' Highlights, click the link below:
https://www.youtube.com/playlist?list=PL_UmNDDvymmDqWGCl_2PTdPgbrtob4VDN
For more 'Your Honor' Full Episode, click the link below:
https://www.youtube.com/playlist?list=PL_UmNDDvymmD6lOsY527r14_AkfuTOkX7
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FunTranscript
00:00But how much is it now? Does anyone buy it from you?
00:03I haven't sold it yet.
00:06I think I won't sell it because
00:09Buboy, we all know that he's Ding
00:12from the time of Marian, which is
00:14Marian is one of the well-known Darnas.
00:18Yes, the iconic version of Darnas.
00:21And Ding.
00:22Ding?
00:23Buboy, he's not yet pushed back then.
00:25No, I'm not pushed back!
00:27Sorry, sorry, sorry.
00:29No, he pushed me. You sold it to me.
00:33You pushed me.
00:34This is just the stone.
00:35The stone is that I'm still moving.
00:37Hey, hey!
00:38Ding, Buboy is a very good child actor.
00:43You really can't question him.
00:45When he was young, he was still small.
00:47He's still small until now.
00:49He's really good. It's funny.
00:52So, to the Gen Z who can't watch it,
00:54you can watch how good Buboy is.
00:57He was given justice as Ding.
01:02Because the Dings I remember are Ninong Mulak.
01:05And after that, there's no more.
01:07Atong Redilias.
01:09But I know Ninong Mulak and Buboy better.
01:13Oh, right?
01:14It means he has a bigger name.
01:16Yes.
01:17So, when he brought it,
01:19and it was still cheap,
01:21maybe if he sold it now,
01:23it would have been expensive.
01:24Because the prices are going up.
01:26The artists who visit me,
01:28the prices are going up and up.
01:31You can't catch me.
01:32I don't have money.
01:35It's different.
01:36Do you have a factor when you watch?
01:39Where will you land the money?
01:41Sometimes, I don't know what to do.
01:43But it depends.
01:45I'm interested to know this, Boss Soyo.
01:47Because we talked about the value of an item.
01:50If someone comes to you,
01:52how can you give a price?
01:55The price is different from the value.
01:57The price is the worth of an item.
01:59Right.
02:00The value is the charge that you give to him.
02:03You know, that's one of the hardest things.
02:05The value.
02:06Especially if you're an artist.
02:08You, Madam Chair and Vice Chair.
02:11You use it.
02:12Or even me, right?
02:13We have an item that is important to us.
02:17It's hard to let go.
02:18For example, a trophy or award.
02:20Yes.
02:21For us, it's priceless.
02:23It has a sentimental value.
02:24It has a sentimental value.
02:26It's priceless.
02:28But that's not possible.
02:30If you're a collector,
02:32you'll have a collector's price
02:34or a market value price.
02:36Which is,
02:38there's a contradiction
02:40in the value that you want in the item.
02:43But in the real market price,
02:45it's not like that.
02:47But I always say,
02:49if I buy that,
02:51can I flip it?
02:53Because this is a business after all.
02:55Yes, it's a business.
02:57It's not just because I'm a collector.
02:59It's a business too.
03:01Because if I can understand the value
03:03that you're looking for,
03:05your value,
03:07and I don't just look at the label
03:09of the value,
03:11the pawn store will close early.
03:13That's right. It still needs to be under.
03:15Yes.
03:16So it's hard sometimes,
03:18especially if you're facing your idol.
03:20You just nod.
03:22It's like you're shy.
03:24If there's an idol,
03:26like Boss Toyo said,
03:28for example, Francis M.
03:30We're all fans of Francis M.
03:32He doesn't ask me to do that anymore.
03:34Yes, it's like that.
03:36I'm very eager to get that
03:38because I'm a fan.
03:40But he has a voice.
03:42The one you bought.
03:44The polo and jersey.
03:46What MV is that?
03:48Baksakan.
03:50I remember I went to your shop
03:52and you're still bidding.
03:54Yes, that one.
03:56First, Sir Gluck.
03:58Sir Gluck first,
04:00then Sir Chito Miranda,
04:02then Ma'am Pia.
04:04Sir Francis' polo.
04:06I got all three.
04:08Because if I don't get one,
04:10there's nothing.
04:12The collection is useless.
04:14It's still incomplete.
04:16It's still in my shop.
04:19That's your prized possession.
04:21You'll never sell that?
04:23Never.
04:25As of now, I don't plan to.
04:27You're a businessman.
04:29As of now, depending on the price.
04:31Last bid is 8 million.
04:33So maybe when it goes up,
04:35we'll know.
04:37But for now,
04:39it's one of the things
04:41that people want to see.
04:43Because it's not open to the public.
04:45So not everyone
04:48will be able to see it.
04:50You won't be able to enter the Pond Stars.
04:52Unless the museum is finally open.
04:54Once you've curated the collection.
04:56Yes, so in March,
04:58we're hoping that it'll be okay.
05:00So people will be able to go.
05:02But of course, there's an entrance.
05:04Yes, because there's maintenance involved
05:06in keeping the memorabilia.
05:08It's not just a joke.
05:10I even borrowed money
05:12to build that museum.
05:14That's our topic today,
05:16you make your debt work for you.
05:18This is what we call a good debt.
05:20I'll give you an example.
05:22Okay, Madam Chair.
05:24Good debts are those that follow.
05:26What's that?
05:28For birthdays.
05:30No, no, no.
05:32Why am I stammering?
05:34I'm quick to convince.
05:36Okay, the debts that are used
05:38in investments.
05:40For example, a property loan
05:42or housing loan.
05:44In the end, you'll get something
05:46that will be yours.
05:48So you borrow it, you work hard,
05:50slowly, with a little interest,
05:52it'll go to you. Property loan or home loan.
05:54That's good.
05:56Next, if you want to skill up yourself,
05:58you want to invest in your education,
06:00educational loan.
06:02For example, there's an expensive course.
06:04The student is smart,
06:06he'll borrow it from his parents.
06:08So he can feed, and one day,
06:10he'll be able to sustain
06:12his business product,
06:14his career,
06:16his livelihood.
06:18And third, a good debt,
06:20like what Boss Toyo said,
06:22is what's used in business.
06:24Debt can be used
06:26to increase money.
06:30Banks or government facilities
06:32need to be used.
06:34You know,
06:36Ms. Corina told me,
06:38rich people have a lot of debts.
06:40Yes, that's true.
06:42What can you say about that, Boss Toyo?
06:44They really loan other businesses.
06:46So they don't give you 100% of the money?
06:48No.
06:50It's really important.
06:52Actually, they're teaching me,
06:54you need to have a loan.
06:56Just be wise,
06:58you can't just keep on loaning.
07:00There's no plan.
07:02You'll first look at where the loan is for,
07:04where it'll go at the end of the day,
07:06then the return, that's very important.
07:08Then you'll also look at
07:10where you'll put your debt.
07:12So the money,
07:14it shouldn't be left empty.
07:16Why is it different for you?
07:20What do you have today?
07:22It's like this,
07:24even if you have money,
07:26why do you still have debt?
07:28For example, you're building a business,
07:30you still have money.
07:32If there's a loan,
07:34and the interest is small,
07:36you can save more money.
07:40If the business can sustain
07:42the interest and the loan,
07:44think about it,
07:46the interest is small,
07:48you'll be surprised,
07:50the loan is done,
07:52and your business is big.
07:54You don't have capital,
07:56you just borrowed it.
07:58It depends on how you manage
08:00your loans,
08:02where you'll use it,
08:04and if you mismanaged it,
08:06or you really didn't do it,
08:08that's where you'll have a problem.
08:10So before you get a loan,
08:12think not just 100 times,
08:14but if you can really
08:16make it work,
08:18and you won't have a jump,
08:20which is what I did.
08:22I remember when you said that,
08:24do you remember when I went to
08:26Etabac with you,
08:28I borrowed from him,
08:30because it's true,
08:32I don't want to say it,
08:34I'll just pretend.
08:36I said it,
08:38because it looks like that's where it's going.
08:40He wants to drop his self.
08:42Did you borrow from him in 2018?
08:44No, I think it was 2018,
08:46before the pandemic.
08:48It's almost the pandemic.
08:50I just borrowed from you.
08:52Because,
08:54Boss Toyo is my idol,
08:56when it comes to business,
08:58he gave me a watch,
09:00and I always watch him,
09:02he's really good at business.
09:04I mean,
09:06how hard he works,
09:08how he posts,
09:10he has a lot of pages,
09:12Boss Toyo is one of the reasons
09:14why I worked hard in business.
09:16He inspired you.
09:18Yes, I was inspired by Boss Toyo.
09:20At that time, I was in a pinch,
09:22my money went to health issues,
09:24and I also wanted to get into business,
09:26which is, I wanted to be like you,
09:28So you don't have a similarity with him?
09:30No, not yet.
09:32This is the time,
09:34when I was with him,
09:36I was doing a live stream,
09:38plus I borrowed from him.
09:40He said,
09:42you need to think 100 times about this.
09:44He also said to me,
09:46maybe you'll get addicted to Boss Toyo.
09:48You two are the same,
09:50you're in sync with what you're doing.
09:52He's one of those who gave me advice,
09:54that it's good to do what you need to do,
09:56if not, it's up to you.