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....
By Randell Tiongson ow would you take the thought that you are stealing money from your future paychecks? Do you think that’s okay because you’ll have a bigger paycheck by then or the thought of it bothers you a lot? That is what bad debt will do...
By Randell Tiongson I am blessed to have the privilege to speak and observe many financially-savvy people and one thing they have in common is that they are not fond of making excuses. Here are five excuses you will never hear from them: Excuse #1 – “I don’t know...
By Randell Tiongson ne of my favorite definitions of investments is this—“The commitment of funds made in expectation of some positive rate of return. If the investment is properly undertaken, the return will be commensurate with the risk the...