Personal Finance
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Here’s the Right Thing to Do Before Investing.
Lately, I’ve been seeing posts in Facebook about some people complaining in certain real estate groups about a local real estate company. The long and short of it is that these people complain that they got duped. They claim to have invested a lot of money, only to be short-changed in the end. In other words, Read more
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My Client’s money doubled in 8 yrs!
My client invested P300,000 last 2007 in a balanced fund. A balanced fund is a mix of equities/stocks and fixed income instruments. The following year, 2008, there was a recession in the market. Naturally, investments plummeted to an all-time low. I remember my client calling me back then. She was very nervous and was telling Read more
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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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The problem of living too long
Living too long can be a blessing or a burden. It is a blessing if you live long enough and you’re prepared. It is a burden if you live long enough and you’re not prepared and find yourself dealing with life’s uncertainties. In life, there are two possible uncertainties – either you live too long 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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