Money
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Pay to Caesar…
“‘In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin Since the assumption of Noynoy Aquino as the country’s 15th president, one of the most daring government agencies under the P-Noy goverment, is the BIR or the Bureau of Internal Revenue. Under its helm, BIR Commissioner, Kim Henares Read more
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The Filipino Psyche on Money Part 2
One of my favorite subjects when I majored in AB Psychology was Sikolohiyang Pilipino (Filipino Psychology). This subject deals with the social dynamics why Filipinos are what they are. For example, it is so Filipino to have this attitude of 1. Having a sense of gratitude (“utang na loob”); 2. Our warm hospitality (I believe Read more
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The Filipino psyche on Money Part 1
Last July 20-21, 2012, I got the chance to attend the Money Summit and Wealth Expo 2012 at SMX, Mall of Asia. At one point during the forum, the Financial experts at the Money Summit were amused that some people paid and went to the Summit expecting specific answers to their questions like what stocks Read more
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Getting out of the Debt Trap
It’s easy to borrow or get credit/loan when you have a regular income. At the back of your mind, you can say to yourself, “it’s ok to borrow; anyway, come payday, I can pay a portion of my debt”. But what if you don’t have a regular salary like me and you also have outstanding Read more
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How to Auto-Pilot your Investments (enroll your Mutual Fund account in BPI)
Note: This post applies to those who have invested in any of the mutual funds managed by Philam Asset Management, Inc. (PAMI). According to PAMI, One recent study* (Thaler & Benartzi, 2013) in the US points to automating investments as an effective way to solve Investor Inertia. As part of PAMI’s thrust in providing clients with ease of Read more
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Notes on Total Money Makeover
Total Money Makeover is a book authored by Dave Ramsey. It’s about a proven plan for Financial Fitness. Here are a few hard and practical lessons I learned from this book: 1. Start saving up your emergency fund while paying your debts. It sounds easier said than done esp. if you’re earning just enough to Read more
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Investing
There are many reasons why people invest. I can think of the following : 1. Capital appreciation – they want to grow their money short-term or long-term. 2. Wealth Preservation – they want to keep the little extra that they save and invest it as a hedge against inflation. 3. Goal-setting – they invest so Read more
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Credit cards
“Had to use my credit card. I’m broke and I don’t have cash to spend”. This all-too familiar statement is not rare. Rather, it is common. Many people, despite already being saddled with debts, still use their credit card to buy something. Oftentimes, they use credit cards even when they don’t really have to. Tell Read more
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On Money and Personal Branding
If I just want to make money, I can just hook up with different kind of sellers aside from maintaining my selling portfolio: the traditional ones, retail, wholesale, and the online seller in just about any kind of business and be their dealers or re-sellers. So if you’re working for money, you can be a Read more
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Notes from Steps to Financial Peace seminar
What: Steps to Financial Peace Seminar When: August 12, 2011 Where: Teatrino, Promenade, Greenhills Speakers: J. Randell Tiongson, Francis Kong, Jayson Lo, etc. This Finance seminar I attended was like no other. Here are some insights I picked up from this valuable seminar: 1. How to increase your Cash Flow Apply the 70/30 rule. Spend Read more
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