AS we enter Fire Prevention Month, a period marked by heightened awareness of fire safety and preparedness, it’s crucial to protect our physical environment from wildfires and safeguard our financial well-being from potential economic fires. Just as this season’s hot and dry conditions increase the risk of fires, economic factors can also create explosive situations … Read more
THE recent collapse of banks in the United States and Europe left many people worried about the safety of their own finances. Last March 10, US Federal Deposit Insurance Corp. (FDIC) took control of Silicon Valley Bank. Two days after, FDIC shut down Signature Bank after a run on its deposits by customers. Then on … Read more
PEOPLE are complaining about the high prices that we are experiencing nowadays. For example, in the last year, 2022, our average inflation was 5.8 percent, and the BSP Monetary Board forecast for 2023 will likely be around 2 percent to 4 percent inflation. Inflation has two sides: cost-push inflation is when the demand does not … Read more
MOST Filipinos rely on social security for their retirement. However, despite the evidence in the past that depending on the government retirement program will surely lead us to despondent golden years. Still, from generation to generation, this is a considerable debate about whether to invest in it or just be faithful for the future. Of … Read more
In most of the financial planning seminars that I have conducted, I’ve always asked the audience, “Who among you want to be rich?” Definitely, all hands would be up. No one dreams of being poor. My next question, “Who among you are willing to do whatever it takes to be rich?” Still all of them … Read more
You’re listening to a very powerful motivational speaker inside a huge conference room. Before ending his talk, he throws out this question: “Who wants to become successful?” Everybody’s hand goes up in the air, which leaves you no option but to raise yours as well. After all, who doesn’t want to become accomplished in the … Read more
When we were in school, it was not only parents but also noteworthy students who were grade-conscious. Exam results, medals, and recognition became the bases for favors, especially during shopping sprees. Grades turned out to be the ultimate bargaining power! Students who were described as carefree and infamous, on the other hands, were the ones … Read more
This article was written by Kyle Kam, Digital Marketing Specialist, MoneyMax.ph. Working abroad opens you up to all kinds of experiences. Many Filipinos dream of working abroad. Those who do find employment there do so in order to be able to provide for their families back here. To date, the number of Filipinos leaving the country to work abroad … Read more
Well, financial planning by definition is a long term process of wisely managing your finances so that you can achieve your dreams and goals. That means, financial planning is NOT an overnight success. So if somebody approaches you telling you to invest in something and you will have a guaranteed 20%-40% earnings or even double … Read more
It was the rush hour of Friday morning in January 12. A white man in jeans and long-sleeve T-shirt emerged from the Metro at the L’Enfant Plaza Station and stood beside a trash basket. He carried a violin case and took the instrument out after a while. Placing the case near his feet, he threw … Read more