The Philippines’ workforce is currently dominated by young workers as data indicates that almost half of the labor force population in 2015 were Filipino Millennials.
And because it has been said that this generation is driven by instant gratification, it’s not unusual to see young workers in urban areas sporting the latest gadgets, going on vacations to take Instagram-worthy photos, and crowding coffee shops and the hippest restaurants on the weekends—even if they end up in debt as their spending habits are not in sync with their current salary.
While having it all on the surface may seem like the way to live, it’s not the definition of living well. But by making good financial choices, prioritizing, and knowing how the system works, it’s possible to truly live a good and healthy lifestyle, even on a low income.
Continue reading How Young Workers Can Live Well On a Low Income
Let me cut to the chase.
I’ve got a digital guide for you today called The Writer’s Roadmap: 12 Steps to Make a Living Writing that you can download at no cost to you by clicking the link below. Continue reading You Don’t Have To Starve (FREE BOOK)
You’ve probably heard of business owners living off passive income.
They take vacations whenever they want.
Buy anything they want.
Live the dream.
Am I right?
What if I told you that you could become one of them.
You can earn more money, by working fewer hours, anywhere around the world.
Does that sound like something you’d be interested in?
If you are, then great! Continue reading How To Work Less AND Earn More Money
A couple of days ago, I wrote a Facebook status about how many Pinoy parents put a lot of pressure on their kids to pursue awards, honor medals, and a diploma. As of this writing, the post has received over 7,000 Likes and has been shared by more than 3,000 readers. That’s just in less than 2 days. (26,000+ likes and 14,400+ shares on the 3rd day)
It’s a very long article but many say that they have read every word that was written. Probably because it was something that they can relate to.
It’s about a culture of being entitled and not being left behind by peers and the community. A culture that has caused many Filipino families a lot of unpaid debts, selling of most precious treasures and assets, and anxieties both among parents and children. Continue reading Why You Don’t Need Awards Or A College Degree To Be Successful In Life
So you don’t have a job now. Or your business isn’t doing well. Or you simply just failed to manage your finances in the previous month and your bills are starting to pile up. Overdue notices have been slipping under your door while you are sleeping.What are you gonna do now? Should you immediately borrow money from a loan shark?
Here are a few suggestions that you can consider if you are cash-strapped today. Continue reading How To Make Money When You Literally Have No More Cash In Your Pocket
At last, PERA is here! After half a decade of waiting and being a #Paasa to many Filipinos, especially OFWs, the government has finally launched it to help promote long-term investments.
But what is PERA?
PERA is the acronym for PERSONAL EQUITY and RETIREMENT ACCOUNT. This is a voluntary retirement account, which an individual can set up for his/her exclusive use and benefit. It is similar to the 401(K) of the United States of America that serves as a financial instrument for retirement. Continue reading Why OFWs Need To Invest in P.E.R.A. While Abroad
With Christmas less than two weeks away, more and more of our kababayans are coming home to spend the holidays with their families. After living and working abroad with little to no family with them, returning home for the holidays is a much-awaited homecoming for overseas Filipino workers (OFWs). From balikbayan boxes filled to the brim and nightly reunions, the Christmas holidays is a grand celebrations for OFWs, and an expensive one. Continue reading Top 10 Money Tips for OFWs on Christmas Vacation
Christmas in the Philippines is often celebrated at the start of the “ber” months. And since it’s already November, we’re barely just over a month away from the most wonderful time of year. This is the time when we write down the names of our loved ones and plan what presents we should buy for them.
We not only need to prepare our wallets for the biggest spending season but our stamina as well to withstand long shopping queues and the Metro Manila traffic.
This infographic from M2.0 Communications offers 11 Clever Ways to Survive Christmas Shopping in the Philippines. Continue reading 11 Clever Tips for Christmas Shopping in the Philippines (Infographic)
Whenever I give a seminar or workshop on personal finance, business and investing, the most common response from the audience to my question as to whether they already have bank accounts is always a big resounding “no”. This kind of response is one of the reasons why financial advocates need to work more to help many Filipinos become more equipped with financial knowledge and use it further to achieve financial freedom.
This infographic from PawnHero shows us the reasons why many Filipinos do not have bank accounts and what they usually do whenever they experience financial problems. Continue reading Why Many Filipinos Don’t Have Bank Accounts and What They Do During Financial Troubles