Question: Hi, Randell. My child has been working for five years already but I feel that I can do more to help him become financially independent. I’ve been helping him out by giving him a monthly allowance of P10,000, instead of him contributing to our expenses in the...
In my previous article, I mentioned about conjugal spending. Ano nga ang conjugal spending? Eto ‘yung ginagawa namin. Ang pera ko at pera ni Misis ay combined. No exceptions! So, kapag may bibilhin kami, conjugal spending. This means na kapag may bibilhin ako,...
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...
In our seminars, we usually ask, “Sino sa inyo ang magastos ang asawa? Itaas ang kamay. Eh sino naman ang mas magastos?“ Ayan, kayo pala ang problema! Naalala n’yo ba noong kinasal kayo… a few years ago? (Ang iba ay a few months ago.) Do you still remember your...
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...
After identifying the kind of “Moneyger” you are and knowing the Power of Systematic Investment, it is now time for us to discuss the 10 Steps to Unleash the Highest Potential of Your Money. These are simple and doable steps that even you can easily and immediately...
Few of us lie awake at nights worrying about a major world economic collapse any more than we lie awake worrying about our planet getting wiped out by an asteroid from outer space. But thinking about our own families and what may happen if mom or dad doesn't get a...
"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,...
When hard times come everyone looks for a scapegoat. Blame tough times on the economy, or the government, or a mate whose use of credit cards has been less than frugal. Whether it is an organization, a church, a business, or a family, when the money begins to dry up...
So many people were blindsided by COVID-19 which makes it all the more important to have an emergency fund for any future crisis. I first heard about this concept from motivational coach and finance guru, Chinkee Tan. In two months people grew anxious and agitated...