Category: Business

Anyone Who Invests Can Be Scammed

I have noticed so many nasty yet arrogant reactions from netizens against people who either have been recruited by pyramid schemers or are the proponents of the scams themselves.

Most of them are seasoned investors/traders or have been “financially-educated” by financial literacy seminars and Facebook forums. It is as if they are no longer vulnerable to these schemes and fraudsters.

I may sound now like I’m attacking the wrong persons. Do not misjudge me.

I am writing this to let you know that I have close friends who are supporters of the financial literacy awareness campaigns but have become victims of scammers while being an advocate. One was a victim of a managed forex broker and another by a “promising MLM” company.

It’s just so ironic that a few of them were once heavy critics of the scams that they eventually entered in. And lost money in the process. Continue reading Anyone Who Invests Can Be Scammed

How To Prepare Yourself For Investing

Why do you invest? Is it just because you want your money to grow? And then what next? Buy whatever you want?

And then what next? Become the prettiest and handsomest financially-broken heartthrob in your neighborhood?

Usually, and based on my experience, this post-Christmas month of January has the most number of people getting interested about growing their money.

Many ask around online forums, radio or TV shows, and even in news columns about where to keep their money other than the bank.
Continue reading How To Prepare Yourself For Investing

Your Children Are Not Investments

This mentality might feel familiar – even within our own families. It’s not just a Filipino thing, but a common perspective in many Asian cultures. Here, the idea of having a large family is often seen as a way to secure the future.

Having a big family isn’t wrong – the choice of family size is deeply personal. However, it’s crucial to remember that children aren’t a magic solution. Quantity shouldn’t come at the expense of quality. We need to ensure we can provide for each child’s well-being, not just their basic needs.

Here’s the bigger issue: some parents believe a large family guarantees a comfortable retirement. They might not save for their own future or their children’s education, expecting older siblings to shoulder the burden. This creates a cycle of dependence.

Continue reading Your Children Are Not Investments