One of our goals is to save money. Ever since we are young, we have always dreamt of finishing our studies, working in our dream job and eventually saving money with the goal of investing it into something worthwhile. So after saving, the next question is, “Where to invest money in the Philippines?” As any…
Acquiring debt doesn’t mean that you are experiencing midlife crisis or you will never progress in life because you will always be indebted with financial institutions you have loans or credit with. Contrary to popular belief, having a credit card and maintaining good payment behavior will let you have more opportunities of acquiring loans and/or…
When it comes to buying an insurance plan, there are many things which one needs to look into, especially, if you are buying it for the first time. Like every new experience, the process of purchasing a life insurance policy might appear intimidating and confusing. Which is the best plan to buy? Where should I…
Retirement fund is a special fund which you can use for your expenses after you retire from work. It will be your ultimate resource for money when you are no longer working. Normally, people would retire by the time they reach the age of sixty and above. Having your own retirement fund is necessary as…
Apart from the usual savings, one of the best investments a person can work on is an emergency fund. No one knows what the future holds. Good things will happen, but the bad ones are also inevitable. Unexpected incidents may happen any time and it would be such a great relief to know that you…
Overseas Filipino workers might be earning much abroad. But in time, they might wake up and realize that this hard-earned money will still not suffice for rising costs and mounting bills to pay. It’s high time to check on other streams of income where they can earn, while staying at their main jobs. These passive…
Overseas Filipino Workers (OFW) can and will earn a more decent wage compared to jobs offered in the Philippines. Higher wages means more money, and that means more purchasing power. However, once this newfound people tend to over spend, thinking that at last they have the power to buy whatever that is within their reach….
Eight out of ten Filipino families have family members working abroad. And when they come home, the whole barangay would be there waiting for his pasalubong and what have he came back with. Culturally, Filipino families are tightly knit, extended families are a norm. But while an OFW can only work for his immediate family,…
Sure, Overseas Filipino workers (OFWs) earn more compared to what they get here in the country. Suddenly, their family will eventually think of spending on things they previously do not have – appliances, vehicles, vacations – yes, the good life. But these things eventually lead to abuse in OFW remittances, which ultimately hurts their family’s…
Having a credit card is a heaven-sent to individuals who work at home — freelancers, like bloggers, graphic designers, web designers, freelancer writers and those who work outsourced at home. A functioning credit card allows them to: Verify Paypal account for receipt of payments and salary. Buy tools (like software, WordPress themes and plugins) and…
Let’s say you are an Overseas Filipino Worker, and might fall short of cash necessary foranything that you might need. And upon hearing about your benefits and perks you have with the office of the Overseas Workers Welfare Administration. Keep in mind that you need to know a few nitty-gritty of the application. You can…
For many years, Filipinos have been going out of the country as Overseas Filipino Workers (OFW) in other countries. Some have struck gold, even settled as migrants. But most have to settle for little to no savings, leaving them with little or even zero budget to start their own business ventures back here in the…
Overseas Filipino Workers (OFWs) pump up the local Philippine economy by bringing in their remittances. Back in 2012 alone, this amounted to $17.3 Billion. But while they have contributed that much to the economy, majority of OFWs still do not have what it takes to be called rich, if even well-off. A typical OFW is…
Debts are inevitable especially within the Filipino culture. It is like a part of their lives. This is especially true among Filipinos who are considered to be in the middle to lower income bracket (and even in the upper bracket). There are a lot of factors why people engage in debts or loan a considerable…
Did you know that individuals who have financial obligations cannot anymore just easily get away from this agreement just like that? If the lender has already exhausted every other mean to make the debtor pay up, the debtor can actually be charged a civil case. Financial obligations such as payment to a (1) contract of…
OFWs usually express their feelings to their loved ones back in the Philippines via their money remittances. However, you do not want just any ill-reputed company to handle your love money. Hence, we collated the best companies for sending money to the Philippines. These companies have the best rates, are trustworthy and are known for…
You might wonder how those millionaires accumulated their riches. Our thoughts will immediately think, they might have inherited those riches, thinking that millionaires were born with a silver spoon. We have to realize that most millionaires made their money without a trust fund or inheritance. Mostly, they earned it from hard work and perseverance. Remember,…
At the start of 2000, the marine industry flourished and there had been mass employment of seafarers/seamen for cruise ships and even cargo ships. It was said to be a life-saver for many Filipino workers at that time, since global crisis was still felt particularly by third world countries, and gave secured many children’s future….
Did you know that the Philippines has less entrepreneurs than any ASEAN countries? Well, based on surveys, the number one reason for this is because many Filipinos have money issues and are afraid of the pitfalls that might befall them. It is quite sad. Money issues are understandable and a very valid point to consider…
Frugality is the key factor in getting rich. After all, even if you earn 9000 million in pesos every year but your expense is over 9000 million (see what I did there?), you will still live in poverty. Lately, I have been thinking, the typical Juan Tamads, the Pinoys, have this knack for being lazy,…
Surely, you have heard the phrase “Start them young” and in any way you will look at it, this makes a lot of sense. As proactive parents of this young generation, there is a need to begin with the end in mind (Covey’s concept is also applicable in this as well). This means that even…
If you are thinking of ways to let your money grow, then the safest haven (for those extra cash) is to invest it. Investment is the key towards a stable future and even a better life ahead. The dilemma however faced by most people is choosing what kind of investment. It is a given fact…
Why do you have to go to another country just to land a job? This is one of the questions that I have been asked for several years. As a former OFW or an Overseas Filipino Worker myself, it is quite difficult to land a job and practice your profession in our own country if…
Investing requires research, risk taking and a lot of thinking since it’s a grave decision to make. Factors are also needed to be considered to ensure that the decision to take the plunge in an investment would be profitable and successful. Nowadays, investment is not only discussed by the entrepreneurs and business people who are…
The New Year came with a big bang, alas, we can start anew and write a new chapter of our lives. As we welcome the new year, we have increased zest and high hopes that this will be a fresh start. All of us are hoping that we could once and for all fulfill our…
The habit of saving up is just like any other process or system that if explained well and backed up with evidence can also become scientific in nature. All it requires is just a proven approach and a step by step process for one to achieve its desired result. The process should have detailed guidelines…
Starting small is not just practical, it’s powerful. Konting puhunan, malaking potential. You don’t need to be born with “entrepreneurial genes” or have millions to get started. What you need is resourcefulness, patience, and a willingness to learn as you go. Think of it like developing a new skill: the more you practice, the better…