People who are becoming more aware about the need to manage their finances have started to think if they really need a life insurance. Especially when most personal finance gurus mention its importance in an investor’s portfolio.
How about you? Have you asked yourself or an insurance agent/financial advisor if you really need to buy a life insurance?
Let’s see where you belong among the following categories. Continue reading Do You Really Need To Get A Life Insurance?
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If you rely heavily on the interest of your Savings or Time deposits accounts to grow your money for your future, think again. Those deposit accounts earn only 2.75% or less in a year. Corresponding taxes and bank charges will also be charged if you withdraw your cash. Plus, your money is like a sumptuous meal being devoured by the creepy inflation rate of around 3.6%. Your money simply loses its value and its purchasing power.
With the Philippine economy rising in unprecedented heights, you may think twice before remitting your dollars back home and let them rot in your deposit accounts.
But where will you put your money for it to grow from 8% to 15% annually if you don’t know anything about investments?
If you are a person who don’t have any idea or background about the stock market, mutual funds, or fixed income securities, you may need to find a suitable plan and an investment vehicle for you. Continue reading What’s Money Tree?