Money
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Is it really a safe investment?
Some of my friends tell me that they prefer to keep their money in time deposits and savings accounts rather than put it in investments like stocks, mutual funds, and other investment instruments. (Note: time deposits earn like .75% effectively while savings deposits earn less than 1% or .25%) I’m certain that 10 years from… Read more
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Making the Right Financial Decisions
I once heard a speaker say, “Every decision is a financial decision”. To a certain extent, this is true. Yes, we are faced with choices everyday and there are endless decisions to make in our lives. To start with, when we wake up in the morning, all of us may have the same routine for example… Read more
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Buy Lotto or Buy Life Insurance?
People line up to buy lotto tickets esp if the stakes are high. I know some people who have been buying for years. I must admit that at one point in my life, I was a regular bettor too. Why do we buy lotto ticket? Simple. We want to get rich quick. We want to… Read more
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How do you solve a problem like DEBT?
Maybe you can relate. At some point in your life, some of you have been, are still or will be… in debt. Is this good or bad? It depends. A debt can be good if your life or present situation becomes better. This could mean that you borrowed money to invest in something to give you a good… Read more
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What to do with your Bonus?
Around this time, many employees have already received or are looking forward to their Christmas bonuses or what you call 13th month pay. Maybe, some employees in the government and private sector have already planned what to do with it. It’s not surprising to see that many already made a mental note of it. From… Read more
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Mastering Your Money
Our society places too much emphasis on money. The evidence of this is that most of the time, people looks at the financial achievement of a person as if it were the true measure of success in life. This is a false standard and we must resist falling into the trap thinking that MONEY IS… Read more
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A Radical Way Of Paying Your Debts
Have you ever been in debt? I guess at one point in our lives, most people, if not all, have been into debt in one form or another. But I’m talking about bad debts. I must confess that due to bad decisions that I made earlier in life, I, too, was a victim of bad… Read more
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In good times, remember the “Joseph Principle”
It saddens me every time I read about a celebrity, way past his/her prime, now saddled with insurmountable debts, had to file for bankruptcy. I’m referring to Dionne Warwick, reportedly down to $1000 cash, and who filed for bankruptcy ($10M in debt). (Source: CNN). News like these are not uncommon. My point – this is not… Read more
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How to avoid getting scammed
Many people were scammed recently. And the culprit got away stashing around P12 Billion as reported in the news. So who is to blame? Not the authorities. This seemingly legit company must have faked its company registration and was able to lure many people to bite into their “get-rich quick schemes”. Ponzi schemes, pyramiding schemes,… Read more
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Financial Education is on the rise
It’s human nature that whenever you talk about money, people will pay attention. Maybe because, in some aspects, money is the tool we use to satisfy both our needs and wants. Both personal desires if I may say so. Money is the magnet that pulls our desires into reality from the economic point of view.… Read more
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