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
YEAR after year, people promised something for themselves to improve with every new year. As a result, it’s the most exciting time of the year for gym owners. No, we’re not referring to the holiday season; instead, we’re referring to the January gym surge. In this crucial month, resolutions are formed and broken every year. … Read more