AS we welcome the dawn of a new year with the dazzling display of fireworks and joyous celebrations, it is essential to recognize the opportunities and challenges that lie ahead in the realm of personal finance. Much like orchestrating spectacular fireworks shows requires careful planning and precision, managing one’s finances demands strategic foresight and adaptability. … Read more
A SEASONED seafarer dwelled in a beautiful coastal province. I met him 10 years ago and attended one of my financial planning seminars when I was starting as a financial planner. With salt-kissed dreams of financial prosperity, he often gazed out at the boundless sea, envisioning a future of abundance. However, there was an ever-present … 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
Joe was 21 years old when the 2008 financial crisis happened. He still remembers how severely affected his overseas Filipino worker (OFW) neighbors were that time. He considered himself lucky because his uncle helped him finish college and get hired by the shipping company where the latter was working. But his uncle was due to … Read more