Posts under Personal Finance

How Pinoy Families Can Live on One Income

Posted August 27, 2015 under Personal Finance | No Comments
single-family-income-1

The Philippine Bureau of Labor and Employment mandates that the minimum wage for those in the National Capital Region is Php 466 per day. This translates to an income of roughly Php 10,000 per month. And this number is just in NCR, where the minimum wage is already the highest. If you’re raising a family, […]

Tags: , , ,

10 Vital Financial Concepts That Every Adult Should Know

Posted August 24, 2015 under Investing, Personal Finance | 11 Comments
bull-market

Money is an essential part of every functioning adult’s life, and learning how to manage it starts in understanding some of its vital concepts. Here are ten financial terms that you should know if you’re hoping to achieve financial independence someday. These are not necessarily your textbook definitions, but more of a practical guide in […]

Tags: , , , , , , , , , ,

The Beauty of Residual Income

Posted August 5, 2015 under Business, Investing, Personal Finance | 7 Comments
residual-income

There are two types of income, active and passive. In simple terms, active income is when you work for the money, while passive income is when money works for you. These are the most popular terms used in financial books and articles. And of course, it’s always emphasized that you should build passive income if […]

Tags: , , , , , ,

What To Do When You Need Cash and You Don’t Have an Emergency Fund

Posted July 1, 2015 under Personal Finance | 12 Comments
financial-emergency

Financial emergencies can happen anytime. Without warning, you can lose your job, get sick and be unable to work, run into an accident and be hospitalized, your stuff can get stolen, or your car or home can suddenly need major repairs. These are just a few reasons why it’s important to have an emergency fund. […]

Tags: ,

How To Analyze Your Expenses, So You Can Lower Your Spending and Save More Money

Posted June 25, 2015 under Money Saving Tips, Personal Finance | 14 Comments
lower-spending-1

It’s not how much you earn, but how much you save that’s more important when it comes to growing your wealth. And when it comes to saving money, analyzing your expenses is a necessary part of the process. Today, I’ll teach you how I analyze my expenses, so that you can determine possible ways to […]

Tags: , , ,

3 Reasons Why My Finances Changed in Two Years

Posted June 19, 2015 under Guest Posts, Personal Finance | 9 Comments
First time working abroad

How long does it take to change, and turn around your finances? For Abe, it takes just two years, and today he’ll share with you the three reasons why he was able to achieve it. Let’s read his story below. — Two years ago, a friend in church approached me and asked me about saving […]

Tags: , ,

7 Types of People You Should Avoid If You Want to Become Rich

Posted June 15, 2015 under Mindsetting, Personal Finance | 8 Comments
avoid-1

There’s a saying, “Show me who your friends are and I’ll tell you who you are.” It’s true that we become the average of the people we spend the most time with. That’s why you have to be careful with whom you become friends with because they can influence your mindset and actions. Below are […]

Tags: , , ,

How to Avoid Being Broke in Your 20’s

Posted June 9, 2015 under Guest Posts, Personal Finance | 6 Comments
20s-money

I remember being broke during my 20’s – and it happened not once, but twice. The first time was really bad because I drowned in credit card debts. The second time however, was a bit different, because I used up all my savings to start a business that eventually failed. Though different in circumstances, there […]

Tags: ,

Why You Should Plan For Retirement As Early As Possible

Posted June 3, 2015 under Personal Finance | No Comments
retirement-03

The daughter of a friend recently graduated from college, and just got accepted at her first job. I visited their home over the weekend, and she asked if I have any advice for her, now that she’s working. Without second thoughts, I told her that she should start planning for her retirement. “Retirement? But I’m […]

Tags: ,

12 Signs That You’re Doing Good Financially Even If You Don’t Feel You Are

Posted May 18, 2015 under Mindsetting, Personal Finance | 14 Comments
financially-smart-3

Financial freedom is a long journey, and sometimes it can feel as though you’re not making any progress at all towards achieving this goal. It’s normal to feel uncertain about your future, and be doubtful of your financial progress. That’s why it helps to remind yourself once in a while, of how much you’ve actually […]

Tags: , , , ,

BTID vs VUL and How I See Financial Planning With Respect to Life Insurance

Posted April 17, 2015 under Personal Finance | 9 Comments
vul-vs-term

Buy Term, Invest the Difference (BTID) versus getting a Variable Unit-Linked (VUL) life insurance is always a divisive topic, even among us Registered Financial Planners. There have been many attempts to compare them based on actual figures and both sides can always come up with results that favor their stand. However, I believe that protection […]

Tags: , , , ,

How To Stay Motivated at Following Your Monthly Budget: A Lesson in Psychology

Posted April 15, 2015 under Money Saving Tips, Personal Finance | 3 Comments
budget-1

One of my readers, Kristine sent an email recently to share something that happened to her. Below is a portion of what she wrote: I learned about creating an emergency fund through your blog, which I was able to complete last year. I’m writing to you because if not for that, I would now be […]

Tags: , , , ,