A lot of our issues with regard to money are behavioral in nature. Reading a ‘how to’ finance book or even attending a seminar is never a guarantee that it will put you on a path toward financial freedom. It always starts with a decision and that decision is done on a...
Question: I understand that I need to start and invest but I find it difficult because I’m impulsive when it comes to buying. What should I do? Answer: Saying ‘no’ is a challenge, especially when you are shopping. You go in, and come out with a bag or two in hand, or...
"If a man empties his purse into his head, no man can take it from him. An investment in knowledge pays the best interest." —Benjamin Franklin. This is a longer version of the usual quote “An investment in knowledge …” The author expresses a straightforward saying,...
Question: Hi Sir Randell, I’m a millennial employee. Having read your articles, I know it’s important to save for retirement early. However, I also want to support my family (my parents and my younger siblings) financially. Is it possible to do both? —Joseph, via...
Many people are aspiring to be financially free, and many give conflicting advices—while some over-simplify. If I may be so bold, allow me to share my top 10 tips to achieve financial freedom: #10 Get a grip on desire Keep this in mind: it’s not the cost of an item...
My life was in a financial mess despite having sufficient knowledge about finance. Eventually, I realized that money is more about behavior and less about skills. When I gave my life to Jesus many years ago and began to read the Bible, many things changed for the...
How would you take the thought that you are stealing money from your future income? That is what bad debt will do to you if you’re not careful with how you spend. I will classify bad debt as money borrowed for debts that were spent on non-emergency situations. A funny...
Question: I am a Christian and I have been following your posts on personal finance. I have been consistent in saving money but I have heard from other believers that I shouldn’t be concerned with saving because I should depend on the Lord for provisions by faith. Are...
When dealing with money issues, one must always be aware of deadly behaviors that will cause financial havoc. I call them the three dangerous money attitudes: greed, fear, and ignorance. Greed has been man’s downfall since time immemorial. When it comes to our...
By Randell Tiongson Question: Is it really necessary to have an emergency fund? Francis via Facebook Answer: Yes because emergencies happen! It is foolish to think that we will never undergo an emergency in life, and most of the time, emergencies cost a lot of money....