Guide to Financial Investing

You have to wait until you have been working for 6 months in your company. Then try applying for Citibank or RCBC. If you have at least 20,000 in your account at BDO, BDO will endorse you to their credit department so you have a better chance. Even though credit cards are a necessity nowadays, regarding financial terms take a long and thorough look at what is the best decision for you. Be careful how you use them and do not get overwhelmed by the possibilities. Fortunately with websites like eCompareMo.com and iMoney Philippines you can now compare hundreds of credit cards that suits your taste. They even have a credit card wizard that sort of works like a SkyScanner for financial products, complete with ratings, turnaround time, and perks. These comparison sites would even go as far as doing the legwork for you.

Every person who is “truly rich” – or strives to be so – most likely knows the importance of saving money. After all, money doesn’t grow on trees, as they say, and every hard-earned centavo saved goes a long way, especially when invested in the right instruments. Bearing this in mind, we share with you 12 practical ways to save on your household expenses: 1. Unplug all your electrical appliances when you’re not using them. This helps you save on your electricity bill. 2. Always switch off the lights when you’re not using them. This simple energy-saving act is not only good for the environment; it’s good for your wallet too. 3. When cooking, cut food into small pieces so that it will cook faster. The premise here is energy saved = money saved on gas (or electricity, if you’re using an electric stove). 4. Limit your water usage as much as possible. E.g. Turn off the faucet when you brush your teeth; instead of showering, use a tabo (dipper) and pail when bathing. 5. Asses

One day during my financial education talk, a guy named Gary ask me this.. I hear what you’re saying, that I should invest small amounts for the next 20 years, and I’ll be rich. I believe you. But I’m 56 years old now. I don’t want to wait for 20 years. I want to be wealthy in five years. Is that possible?” The crowd applauded him. It was their question too. Gary’s question is very important. I told him the harsh truth. “I’m sorry Gary, you can’t become wealthy through the stock market in the short term. If you try, you’ll get burned— because you’ll be doing foolish things.” I saw his disappointment. But I also saw that the truth liberated him from false expectations. I went on, “Gary, the stock market is here to make you wealthy when you’re in your 70’s. But you know what? People live longer today. My mother is 86 and she still wants to travel. Eighty is the new 60. So you tell me that you’re 56? My gosh, that’s young. Your Stock Market investments is for your retirement.

You’ve heard me say that the stock market is the best, easiest, most PROFITABLE investment you can ever make. But there’s one investment that beats the stock market, hands down. Shocked? It’s true. The best investment is investing in YOURSELF. At the beginning, when I started buying books or attending seminars, it hurt. Because they were expensive. At least, in my “poverty-conscious” mind, it was expensive. But as the years went by, I no longer saw buying a book or attending a seminar as expensive. It was cheap considering the PROFIT I will earn when I apply what I learned. In my lifetime, I’ve bought almost a million pesos worth of books. I’ve paid lots of money to attend seminars and workshops all over the world, paying for my plane fares and hotels, forking out millions over my lifetime. Not only that, I’ve paid for “online courses” that have doubled and tripled my income over time too. Yes, I’ve gotten back all my investments to my learning multiplied many, many

How important is a life insurance? Let me share a story of a couple I know from two years ago. Lucy and Ruben (not their real names) are married with two children, aged 9 and 11. They were happy as a family until a tragic incident happened to Ruben. One afternoon, he complained of a severe headache. Believing that it was just a typical migraine, he ignored it. After a week or so, he lost consciousness and was brought to the hospital. He did not recover from that event and became comatose. It was found out that he had a terminal tumor of the brain and the doctors were unsure when he would be conscious again. To cut the story short, he never recovered and totally gave in and died. It was an indescribably painful experience for Lucy because of Ruben’s sudden death. She told me that it would have been more painful if they did not pursue the life insurance which they bought when Ruben was still undiagnosed. They were actually quite hesitant to obtain one because they did

Train up a child in the way he should go; even when he is old, he will not depart from it.” – Proverbs 22:6 Home, being the first school, teaches the very basics of everything about life. It is where the foundation should be well-observed because it is also the place that molds the budding mind of an individual. Parents or guardians, as the first teachers, should be critical enough in selecting between what and what not to teach. The scope of what is taught at home differs from what is taught in school, home being practical and school being academic. One very good example is on the matter of financial literacy to young children. Never have I known any school that includes a subject or course in their curriculum about MONEY. Having said this, parents should take into account teaching the youth about finances at its simplest and practical form for their easy understanding. Here are my 10 basic tips to effectively teach your children about money: 1. Be a role model. Chi

Photo credit: https://pixabay.com I am a firm believer that there’s always an exception to every rule.  As I strictly adhere to applying my advocacy, which is SAVING, I don’t exclude myself from the majority of the population who often indulge in delicious and fancy food servings – which would mean more spent money.  But, having said this, we can still find ways to economize while doing our eating itinerary.  Here are some of the basics:  1. Make a list. When buying groceries, always plan ahead. Check your shelves what needs to be bought. Making a list prevents you from doubling what you already have in stock. List it!  2. Stick to your list. When in the grocery store, try not to window-shop. Pin your head up and walk ahead. Walk straight!  3. Do couponing. Use coupons/deals with your necessary purchase, but don’t make your coupons an excuse to buy items that you don’t really need. Coupon it!  4. Go sampling and do own research and survey. When th