I’ve been attending a lot of personal finance seminars lately and each time, I learn a little something about the personal finance habit of Filipinos.
In summary, it’s really alarming how poorly we manage our money and how much of the population don’t see the importance of nurturing good financial habits.
Below are some of the facts [...]

What will happen if you don’t pay your credit card debts? Will you go to jail because of it?
These and a lot of other questions about credit cards have been answered below, courtesy of a credit card officer which I had the opportunity to interview.
Due to the sensitivity of the topic, the credit card officer, [...]

As a child, most of us believed that our parents are perfect.
But as we grow older and become more independent, we often realize that our parents are just like any one who would sometimes make bad choices and commit mistakes.
Such is the realization of a friend who confided with me one night about the enormous [...]

Do you do New Year’s resolutions?
Did you know that the most popular New Year’s resolutions are to lose weight and to save more money?
Well, I’m no expert at weight loss but I can surely give some advise on the second one.
And to help me with that is the National Endowment for Financial Education (NEFE). Below [...]

I’ve been awfully busy these past few days that it’s only yesterday that I realized that this blog had just become another year older last November 22nd.
It was two years ago, in 2007, when I started Ready To Be Rich and I can’t help but be happy and grateful of how much it has grown.
And [...]

I worked in the corporate world for around five years.
And in all those time, the arrival of the annual Christmas bonus and 13th month pay was something I looked forward to. Well, who doesn’t?
A few days ago, as I receive text messages from friends who had already received their holiday bonuses, I can’t help but [...]

All rich people borrow money – they all have credit and loans.
Do you believe that statement?
I do because I’ve experienced how powerful it is to leverage on credit.
More than 70% of the start-up capital of the internet cafe I own was borrowed from an investor. Furthermore, a lot of the equipment I purchased was bought [...]

Are you thinking of getting a financial adviser? If so, how do you choose the right one?
Personally, I’ve already found the best personal financial adviser and if you would like to find yours too, then let me tell you where and how to find him or her.
Ready?
Simply look into the mirror and you’ll see the [...]

Welcome to the eight edition of Reader Mail. This is the time where I answer some of the interesting questions I receive from my readers.
Today, we have business questions, inquiries about the Philippine Stock Market and some personal finance questions.
So let’s go to the emails now.
Oh by the way, please note that the names of [...]

I was online when the news of the untimely death of Michael Jackson hit the internet.
And now, countless blog posts, personal tributes and other stories are everywhere (including this).
But anyway, personally, one of the most sobering articles I’ve read about Michael Jackson is his staggering $400 million of debt.
To many, this news came [...]

What are the things you spend your money on?
If you’re already in the habit of tracking your expenses, then I’m sure you could tell me exactly where your money goes.
However, if you’re someone who is not used to budgeting and creating a spending plan, your answer might be a random litany of your usual daily [...]

For today’s reader mail, we’ll give advise to someone who has a problem we all wish we had – having money and not knowing what to do with it.
I know a lot of possibilities are now running through your thoughts. So what would you do if you have money? Start or buy a business? Invest [...]

One of the best ways to manage your budget is to use The Envelope System.
This budgeting method is so effective that it has become one of the recommended tools for personal finance.
I’ve already written about this topic before and if you’d like to know my personal 8 step action plan to creating a budget through [...]

I asked some of my friends if they have a checking account and most of them said they have none. This doesn’t surprise me because opening a checking account is not usually a priority among people.
However, as your journey in the world of personal finance continues, chances are you’ll eventually need to open a checking [...]

Should you set aside money for your savings if you have debts you need to pay? My straightforward answer is YES.
But wouldn’t it be wise to pay all your debts first (specially credit card debts) and then work on your savings afterward?
By doing this, you’ll pay less on interests and you’ll get to eliminate your [...]