I’ve noticed nowadays that financial advisors are scrambling to find ways to serve millennials. This group is defined as those between ages 15 to 34 and born between 1980 and 1999. (Yes, I am part of this millennial generation.) Like all generations, millennials have unique qualities, quirks and preferences when it comes to dealing with […]
If you are reading this, you (or your family or friends) have probably encountered a pushy financial advisor – you feel that it’s a waste of time and it’s never fun. They keep saying, “You need this NOW. Time is running out. You’ll save more if you buy it now, etc…” Many advisors sell commission-based […]
Before you start getting worried wondering if you did something wrong at work, don’t be. In this case, being FIREd is a good thing! I’m talking about a term being thrown around in personal finance: FIRE. What is FIRE? FIRE stands for “Financially Independent, Retiring Early.” I know it literally sounds like early retirement, but […]
Getting advice about what to do with your money, when you don’t actually have very much or (worse) when you don’t have any money at all, sounds quite ironic. Hold on.. What does it mean to not having any money? Are you living paycheck to paycheck? Are you financial dependent on someone- like your parents, siblings, […]
There has been a surge of popularity of cryptocurrencies among Filipinos with many buying or investing in Bitcoin. Since its inception in 2009, early adopters of Bitcoin have made a lot of money like celebrities Ashton Kutcher, Paris Hilton and Floyd Mayweather. This earlier this month, another record was broken with one (1) bitcoin being […]
Have you approached by real estate agents trying to sell you a condominium (as an investment)? Investing in real estate properties (like condos) has been a popular option for many Filipinos who want to diversify their investments beyond stocks and mutual funds. But, unlike those more mainstream investments, there’s more to this type of investment […]
Let’s pretend that you have been given Php100,000 to invest in the stock market, how would you do it? Many would probably say: “Invest in a company (or companies) that you think will do best.” While that seems completely logical, investing is not quite simple (and also not as complicated) as you think. Sure, the […]
Variable Unit-Linked Insurance or VUL has become the most popular insurance plan sold by insurance agents as a smart investment tool to many Filipinos. The sales pitch usually goes like this: “You invest in a VUL. It is a 2-in-1 financial product that offers both a guaranteed insurance benefit and an investment component. You get […]
Do you know your net worth? If you don’t, you should. Download your free net worth tracker here to track your own net worth each month! First, you may be wondering what is net worth in the first place? Your net worth is really the difference between what you own (your assets) and what you owe (your liabilities). Basically, it is […]
Yesterday, I came a across an online article that talks about how women need to recognize the unique challenges they face when it comes to retirement and to start saving and investing as early as possible to overcome them. Basically, it says that women need work harder (and smarter) than men when it comes to saving […]