Personal Financing
Taking Advantage of the High Exchange Rate

Taking Advantage of the High Exchange Rate

As an OFW, I am used of sending money to the Philippines with an exchange rate of 1 USD to Php 44. But there was a turn of events in the world economy that is why from last month I can see an exchange rate higher that Php 45. I know that some OFW are...
Needs Vs Wants, Do You Know the Difference?

Needs Vs Wants, Do You Know the Difference?

As I teach Financial literacy in different institutions here in Saudi Arabia, I came to know that majority of OFW does not know the difference of wants and needs. They probably know it theoretically, but they don’t know the importance of knowing the difference that it will make in their future. Delaying gratification is not...
Is it Safe to Invest in Mutual Fund?

Is it Safe to Invest in Mutual Fund?

The title of this post is a common question I encountered when I am conducting seminars and group study about Financial Literacy. So is it really safe to invest in mutual fund? My answer depends on your definition of safe. First of all there is No Risk Free Investment. Different type of Investment has its...
Investing Even in Debt?

Investing Even in Debt?

Seminars about investing and YouTube videos about investing are now easily accessible. Facebook post and updates talks about investing and savings. In reality it makes our drive to invest as soon as possible more. So what if you want to start investing and yet you are filled with credit card debts, Will you start investing...
Financial Freedom, Invest After Being Debt Free

Financial Freedom, Invest After Being Debt Free

Not everybody can experience financial freedom, actually it is rare to see people who is experiencing financial freedom. But how could you really experience financial freedom? I believe it is only, if you are debt free. Before, when I have surplus money I normally opt not to pay future payment such as monthly amortization and...
Investing Needs Focus, No Risk Free Investment

Investing Needs Focus, No Risk Free Investment

If you decide to invest you need to be focus. You need to focus on your goals. I need to remind you the basics of investing, know your goal before investing into any investing vehicle. For short term goal, invest to a non-risky investment and for long term goal you may invest in riskier investment....
Investing is Not Easy, But Definitely Rewarding

Investing is Not Easy, But Definitely Rewarding

Who says that investing is easy? For me it is not, it involves self discipline and goal setting. Imagine choosing to invest your hard earned money in replacement of having fame in your office by owning a new gadget that worth thousands of pesos. I was a spender for almost 10 years before I learn...
Start Investing As Early As Possible

Start Investing As Early As Possible

Did you know that you are losing potential gain every time that you delay your investing. This is what I regret in doing 10 years ago. I just started investing about 2 years ago, and I told myself that I should have done this the first time I had my salary. I had wasted lots...
How to Eliminate Bad Debt

How to Eliminate Bad Debt

Elimination of debt is a dreams of many Filipinos buried in debt. Debt can be categorized in to two types, good debt and bad debt. So today let us discuss about the bad debt. Bad debt is commonly accumulated through excessive spending of wants. It is also called consumers Debt. Consumer debt is a big...
Learn to Start Investing

Learn to Start Investing

One day when I was discussing about Financial Literacy in one of my colleagues, he told me that he doesn’t want additional insurance or any other investment because he have already invested in a reputable company. When I asked about his policy he cannot tell me anything about his investment in that particular company, what he have...
Top Insurance Company 2012 Based on Premium Income

Top Insurance Company 2012 Based on Premium Income

First of all, who needs an insurance? And why do you need an insurance? An insurance is a need for those people whom somebody is depending on their income. An insurance policy can replace one’s income in case of death or disability. According to investopedia.com, Insurance is defines as contract (policy) in which an individual...
Cost of Ignorance vs Financial Literacy

Cost of Ignorance vs Financial Literacy

They say that Financial Literacy Seminar and Financial Investment is too expensive for people to start and I say it is more expensive to be ignorant than to get Investment portfolio such as Insurance , Mutual Funds and other investment. Let me explain my point. Most people when asked about their savings and investment, they...