Posts under Personal Finance

On Health, Wealth, and Focusing on the Basics

Posted October 5, 2015 under Personal Finance | 6 Comments

I get asked for investment advice often. Usually, those who consult me are people who recently received a large amount of money and don’t know where to put it. It’s easy to just recommend the stock market or pooled funds to them but I don’t, because I believe such financial decisions should be based upon […]

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Money Strategies for Solo Parents

Posted September 14, 2015 under Personal Finance | 3 Comments

Last week, a fitness instructor in my gym got into a fatal accident, leaving behind his wife and a baby. Sympathies were shared among the members of the gym, but also, concerns were raised as to how the wife will now be able to move forward financially. It will be a challenge as she joins […]

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What Happens When You’ve Been a Money-Saver for a Long Time

Posted September 4, 2015 under Money Saving Tips, Personal Finance | 12 Comments

It’s hard to change from being a reckless spender to a practical saver. I’ve been there before, and I can honestly say that it is a struggle. It’s not easy to live every day when you’re always torn between enjoying the present, and preparing for the future; to choose between spending your money today, and […]

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How Pinoy Families Can Live on One Income

Posted August 27, 2015 under Personal Finance | 1 Comment

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, […]

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10 Vital Financial Concepts That Every Adult Should Know

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

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 […]

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The Beauty of Residual Income

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

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 […]

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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 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. […]

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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 | 15 Comments

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 […]

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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 […]

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

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

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 […]

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How to Avoid Being Broke in Your 20’s

Posted June 9, 2015 under Guest Posts, Personal Finance | 6 Comments

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 […]

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Why You Should Plan For Retirement As Early As Possible

Posted June 3, 2015 under Personal Finance | No Comments

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 […]

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