According to Credit Suisse’s Global Wealth Databook 2016, a Filipino adult has an average net worth of $9,878 in 2016. Using 1 USD = PHP 50 as exchange rate, that converts to a net worth of P493,900. This means that if you own a car or a real estate property, then you’re most probably richer […]
Tags: net worth, Personal Finance, Philippines, wealth gap
For a couple of years now, Uber drivers have been providing Pinoys an alternative way to commute. I’ve been an Uber rider since it came to the Philippines and I’m still a frequent rider until today. But Uber has also given Pinoys a new way to make money as one can apply and become an […]
Tags: be an uber drive, how much can you earn from uber, how to apply for uber, In Focus, Income Opportunity, Philippines, Uber
The candidate who will win this year’s presidential election will be the most influential person in the Philippines for the next six years. That’s why I’m doing my best to choose the most competent person for the position. Much like investing, I believe that one cannot simply rely on emotions and gut feel when selecting […]
Tags: election, In Focus, Philippines, president, vote
What’s the financial state of Filipinos for the first quarter of this year? According to a survey commissioned by Sun Life Philippines, and conducted by the Social Weather Station (SWS) – 9 out of 10 Filipinos had been short of cash for the past 12 months. The study involved 1,200 respondents sampled from the A […]
Tags: Filipinos, financial survey, News and Events, Personal Finance, Philippines, Sun Life
I met with an accountant friend yesterday and one of the topics of our conversation was how much taxes employees and professionals pay in the Philippines. I listened intently to his explanation, and below is my best effort to share with you the surprising things I learned. — Meet Mr. Employee. He is a graphic […]
Tags: BIR, freelancers, Freelancing, income tax, Personal Finance, Philippines, tax planning, taxes
Doing fundamental analysis is an important part of stock trading and investing. And for those who regularly buys and sells shares in the local market, the PSE or Philippine Stock Exchange has launched a new online disclosure and reporting system that traders and investors will surely find helpful. The PSE Edge Portal, located at http://edge.pse.com.ph […]
Tags: EDGE, News and Events, Philippine Stock Exchange, Philippines, PSE, stock market
After years of “blind spending”, a friend has decided to finally track his expenses and create a monthly budget starting next month. I’m glad and excited for him because he did not wait for 2014 to work on his “New Year Resolution” to save more money. So, we were talking yesterday and he asked for […]
Tags: expenses, Filipinos, Infographic, Personal Finance, Philippines, spending, spending habits
When I graduated from college and got my first job, I officially became financially independent. For almost ten years since that time, all my income was mine alone to spend on whatever I need and want. But then, I slowly realized that my parents have not fully prepared for their retirement, and time would soon […]
Tags: aspirations, Filipinos, financial literacy, Personal Finance, Philippines
Back in 2008, I published a special research on The State of Financial Literacy in the Philippines. Five years later, let’s take a look at what has changed since then. Below, I’ve embedded the Financial Literacy Advocacy Report (FLARe) of Sun Life Philippines when they did the Study of Lifestyles, Attitudes, and Relationships (SOLAR). And […]
Tags: Filipinos, financial literacy, General Information, OFW, Overseas Filipino Workers, Philippines
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