I hear people saying that living only on 70% of their income is completely ridiculous. Impossible. Crazy.
But you won’t see them cutting down their spending on cigarettes, liquor, partying, gourmet food, expensive coffee, and a whole lot of lovin’.
For those who don’t believe in the Power of Compounded Interest, let’s check how much you wasted when you purchased the following things from 2011 to 2012. Continue reading Congratulations, You Just Wasted Your Money
Passiveness and extreme sentimentalism are two unhealthy mindsets that keep most Filipinos poor and stagnant.
But one other ridiculous reason why most ordinary Filipinos are not moving forward is their penchant belief on superstitions that they either inherited from their ancestors or adopted from their previous colonizers. Especially those directly related with money.
While some of them are quite interesting the rest are rather comical.
See for yourself if any of these still affect your financial decisions on a daily basis: Continue reading 10 Superstitious Beliefs That Keep Most Pinoys Poor
The Philippine stock market index has rallied to a new all-time high today, rising by 24.78 points to close at 6,192.42. (6,377.75 as of October 9, 2013) – [UPDATE: PSEi closed at 7,236.38 on October 23, 2015]
This good news and those numbers mean almost nothing to you if you’re not yet investing in the Philippine stock market.
I have received quite a few good number of inquiries from my blog and through our forum sites and pages on how to open a stock trading account so that they can finally start investing or trading. Most of them are Filipinos working or living abroad (OFW’s and migrant Filipinos). Continue reading While We’re Taking Profits, You’re Still Not Investing