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 […]
Category: Money
HOW Do You Make Money From Mutual Funds?
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 […]
The One Percent Challenge
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 […]
The Easiest Budget Plan Ever
I always look for ways to make my budget as simple as possible. To the point that I DON’T HAVE An elaborate BUDGET PLAN. Ok, honestly, how many of you actually make a budget? One of the most popular financial advice is probably “Make a Budget.” If you are able to follow this advice, good […]
WHAT is an Emergency Fund?
Whether you’re trying to get out of debt or just starting improve your financial situation, you need to set aside emergency savings. While it is more exciting to invest than to save up for an emergency fund, it is necessary to have an emergency fund for your financial success. This post is going to tell […]
Top 7 BAD Money Habits of OFW Families
Today, there are over 2.5 Million Filipinos working abroad, and last year’s remittances reached a record $ 25.8 Billion. Yes, that’s in Dollars! However, according to a recent survey, only 3 of 10 Filipinos, who recieve remittances, set aside money for saving. As OFWs continue to provide for their families’ needs, they have unknowingly cultivated a cultural […]
Would You Rather Have a Centavo That Doubles Each Day for a Month or Php 1 Million?
This is actually one of my favorite stories I read in Bo Sanchez’s book, 8 Secrets of the Truly Rich. So, think about it: If a someone gave you a choice, what you would choose: would you rather have a centavo today, that doubled everyday for a month, or Php 1 million today? The fact […]
WHAT is a Mutual Fund?
Mutual funds. They’re a widely popular way to grow your money. Great for newbie investors! But, many of us don’t really understand how mutual funds work and how they help increase our wealth. Today’s post aims to educate and equip you with the basic need-to-know information about mutual funds. WHAT is a Mutual Fund? A mutual fund […]
Why Save Money Even When You Earn Little?
“SAVE MONEY” is perhaps the basic piece of money advice that experts give but a lot of us just don’t do it? Do you wonder why? I think maybe it’s because saving small amounts of money can feel meaningless. Let’s make an example. Juan Paolo earns Php 15,000 a month and someone adviced him to […]
How to Send Your Child to the Top Schools in the Philippines at Discounted Tuition Rates
Yes! You read that right. You CAN send your child to the best schools for discounted rates. If you ask any Filipino parent what their dream college/university for their children are, they would probably answer either Ateneo de Manila University, De La Salle University, University of Santo Tomas or University of the Philippines (Diliman) because […]