There are two ways to improve your financial situation – you can either increase your income or decrease your expenses or both. However, many Filipinos believe there is a third way to make their financial situation better – to win the lottery! Surprisingly, the best strategy to “win” the lottery is to not play at all. […]
You may think you’re budgeting for all of your needs (and wants), like retirement, vacations, education and more, but still Filipinos are getting blindsided by unforeseen or ‘surprise’ expenses, ones that could have been easily prepared for. I call these ‘surprise expenses’, because they seem to come out of nowhere. If they’re not something recurring […]
Are these bad money habits making you broke? Bad habits have a way of forming in sneaky ways. In our case as Filipinos, we have some financial “cultural habits” that we have adopted until today. As a result, many get stuck with it and have just chosen to accept them. The worst part is, it hinders […]
Looking for ways to get some extra cash while working at the office? Besides cutting down on your expenses, you can increase your savings by doing sideline jobs or businesses. Business opportunities are everywhere–even for sideline businesses. You just have to know how to make use of resources and talents you already have. Are you […]
It’s my first ever youtube video! Today’s post, I will be sharing some questions that people (aka newbies/beginners) are shy or embarassed to ask when it comes to investing in the stock market in the Philippines. See more from the video below: If you would like to open a COL account, CLICK HERE If you are interested […]
Have you recently decided to start investing but don’t have the time or knowledge to monitor your investments? Are you opting to choose investment funds that provide professional management of your investment? Should you invest in a variable universal life insurance, a mutual fund or a UITF? On today’s post, I will be giving you […]
Filipinos working abroad need to realize that they cannot work forever. Sooner or later, they will retire, won’t be earning as much and most likely come back home to the Philippines. Thus, they need to make the smart financial move to make their earnings work for them by investing. Whether it’s buying their own home […]
I’m sure she meant well, really. This happened to me a 8 years ago. I was going to open a mutual fund account with an investment company. As part of their paperwork requirements, I was to fill out a risk tolerance questionnaire. Basically, the questionnaire answers the questions: “Where should I invest my money? Should […]
Mutual funds is one of the basic and simplest investment product out there. Surprisingly, many are not aware what it is exactly, and how one makes money from it. On today’s post, I will be telling you how it works and how you make money from it. A mutual fund is basically a pool of money from […]
Feel like you can’t save anything? Start with one percent of your income, which is Php 10 for every Php 1,000 that you earn. Just curious, have you taken the widely talked about Filipino version of the 52-week savings challenge and were able to finish it? The challenge requires saving Php 50 in the first […]