Ask Community #1: On Jobs, Extra Cash, MLM and Couples
This article is posted under Ask Community.
It’s been a few months now since I started, and a few weeks since I officially launched ASK – our community’s question and answer portal.
For today, I’m starting a new feature series here that will highlight select questions that was asked and answered by the community.
Much like the Reader Mail series, I hope that you will find them informative and useful – and more importantly, encourage you to sign up and become part of the ASK community as well.
A question asked by Red, he is asking how he can help a friend who’s been procrastinating at looking for work. Here’s one of the answers that was given, from jm:
“Try to find what motivates or inspire that person. Or better ask him whats keeping him from looking for a job . Maybe the last job that he have was a disaster so his confidence with himself was diminish and afraid to take another risk,because it might be the same as before. If that is not the case, ask your friend to go out, he might find new gadgets, new girls/boys / new places to hang around., That will motivate your friend to get a job.”
A straightforward question asked by jm to which a lot of people advised to just keep the money as an emergency fund or consider investing them in mutual funds. One answer I liked was given by Maricel:
“If I have P30,000 in cash right now, I’ll add P10,000 to my emergency fund and use the remaining P20,000 to invest in a variable life fund for my husband. Variable life, by the way, is a combination of life insurance and mutual fund.”
A member named pinoy asked this – and yes, it’s okay to write in Tagalog (or in any other dialect) on the site. Anyway, the consensus seems to be negative on this topic. Ryan shares:
“I got invited a couple of times na and tried once. It’s really promising pero what I say is ‘ang MLM ay para sa lahat, pero hindi lahat para sa MLM’”
This one came from me. I do ask questions to the community once in a while and on this one, I was curious about how couples disagree in opinion on these. So I asked what people thought. One member, erds518 shares:
“There is no wrong in joint accounts, unless your partner is truthful and honest enough on where the money will be spent.
But for me its much better to have both a joint and a separate account, WHY? you ask
Here is the explanation:
Joint accounts is useful as the family fund, from where will be the expenses and emergency fund will come.
Also your separate account serves as a saving tool for your family in both ways partners can save so more larger saving for the family.
I might also add, opening a trust fund for the future of the family in terms of children’s education and future.”
Lastly, as more questions are added to the site, some of them could get ignored, so I’d like to encourage everyone to please share your thoughts on these still unanswered questions:
And that ends our very first feature on the ASK community. If you want to know more what others said or contribute your thoughts on them, then just visit the links and become a member, it’s totally free! Thank you.
Get more answers to your career, money and business questions by simply subscribing to Ready To Be Rich.
Choose the next article that you want to read:
Ask Community #3: On Investments, Assets and the Stock Market
It’s been months since I featured questions from the ASK Community and thought it would be a good time to feature some again today. Hopefully, I’ll be able to do this on a more regular basis, probably towards the end of every month. So without further ado, here are a few questions that people have asked on...
Ask Community #2: On JustBeenPaid, International Marketing Group and Philequity Fund
After three quarters, my crowdsourcing Q&A microsite, ASK has been steadily growing over the past few months. I’m really glad that it’s slowly becoming an avenue of discussion for people who are trying to learn more about business, investments and personal finance. It’s been a while since I featured questions from the site, so I decided to...