AS Filipinos brace for another year of financial uncertainty, continuous high inflation remains a pressing concern. This economic challenge not only affects everyday expenses but also adds significant pressure on personal finances, especially with the incoming tuition fee season for the new school year. The reality of high inflation High inflation impacts every facet of … Read more
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
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
Celebrations are a quick translation for “Christmas season’ for many Filipinos. Many Overseas Filipino Workers (OFWs) and seafarers also come home to their families for this annual merry making. This 2020 however, celebrations might not be the same due to the lingering effects of the pandemic on the Philippines. What could be the best way … Read more
Ano Ba Ang Tamang Paraan Ng Pag Gastos Sa Pag Aaral Ng Anak Natin Ngayon Taon. DEPED has recently announced a shocking decision, classes have been moved again on October 5, 2020. This has added more confusion to an already confusing school year for all of us here in the Philippines, especially when it comes to our budget for their education.
Many people are losing jobs every day for reasons beyond their control. Even if you have a great position right now, it might not be there in six months. Like the Philippine weather that could change any time and become increasingly difficult to predict, the concept of job security is becoming obsolete. I had been … 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