Personal Finance
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LIVE THE LIFE YOU LIVE BY RETIRING SMART
According to Investopedia.com, there are many benefits in retiring in the Philippines, such as its low cost of living, its expat incentives and the beautiful setting of the area. I believe that this article was written for those who are planning to retire abroad and Philippines one candidate. However, in terms of low cost of Read more
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Hard lessons we can learn from this pandemic
The coronavirus has been sweeping the world by storm at the beginning of the year until the WHO finally declared last March 11, 2020, that is already a pandemic. By then, we all know that thousands, if not millions, have been afflicted and killed by this deadly disease. As of this writing, we don’t Read more
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Trickle Down Economy: Fact or Fiction?
Recently, I’ve been seeing posts on the current inflation rate in the country. The inflation rate for September 2019 was at 0.9% compared to 1.7% in August 2019 (image source:ABS-CBN news). But is it something to rejoice about? Let me ask you: Do you feel it? The low prices? Is it there? To the common Read more
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When do you know when it’s time to retire?
Have you been taught on how to live your final years before you die? Chances are, you were not. In the first place, you do not when will you die, right? But assuming that you feel that you are already living out the last chapter of your life, which is your retirement years. How do you Read more
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How do you solve the “sandwich generation” problem?
According to Investopedia, the sandwich generation is named so because they are effectively “sandwiched” between the obligation to care for their aging parents – who may be ill, unable to perform various tasks or in need of financial support – and children, who require financial, physical and emotional support. I don’t know much about other countries but Read more
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5 Reasons Why You Need To Put Off Your Early Retirement Plans
According to a popular Money Talk Show in the Philippines, ANC on the Money, most Filipinos see long-term as just 5 to 6 years. The truth is, long term should be at least 15 years. There’s a lot to consider as you approach retirement. It’s a growing concern because not everyone is educated on how Read more
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3 Things to consider when Investing
Investing your money is a serious business. After all, it is your hard earned money and there’s nothing better than to find a “vehicle or instrument” where you can “park your money” and let it earn a little more. 1. Have a long-term mindset. Investing your money grows over time but if you expect it Read more
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How to know your Financial Condition
Life Insurance is not a one size fits all product. On the average, you don’t buy a single life insurance policy to fund everything: from your medical expenses; to save for your child’s education; to prepare you for your retirement; or to replace the loss of income in the event of your untimely demise. Many Read more
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When a Problem becomes Apparent
When you don’t have any savings, it’s not yet a problem. It becomes one when you don’t know how to save money and you wonder where it all went. When you don’t buy life insurance, it’s not yet a problem. It becomes one when sickness, accident or death happens in the family and your family is Read more
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8 Ways to Renew our Old Mindsets on Personal Finance
Here are some of the old mindsets that pervaded our thoughts on Personal Finance. How it can be replaced with the new way of thinking? It’s like the old becomes new. Sounds familiar? But that’s the way it should be. 1. Old Mindset – Buy now, pay later. A. New Mindset – Save now, buy later. 2. Old Mindset Read more
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What is a Safe Investment?
People 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 now… Tuition fees Read more
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