Category: Education

Playing CashFlow and Learning Financially in Dubai

Promoting financial education to most OFW’s is never easy. In fact, most people would typically shun away when you start to talk about budgeting, frugality, insurance, or investing because they think they sound either elitist or just plain boring. Talk about showbiz or sports and most of them will surely say yes.

Good thing Robert Kiyosaki invented the Cashflow boardgame. The game has been a helpful tool for financial literacy advocates to reach out to people and educate them about improving their finances and growing their money through different investment vehicles.

The OFW UsapangPiso Dubai team led by Cherry Murillo and Normie Pascua, conducted its 2nd Cashflow Game event for the year (and the 3rd major event for the group in 2013) last Friday, November 22, 2013 at the Sweet Pepper Restaurant in Karama.

The learning event was attended by OFW’s based in Dubai, UAE that the group has invited via a handful of social media pages and forums dedicated to promoting financial literacy. Continue reading Playing CashFlow and Learning Financially in Dubai

Dubai OFW’s, Are You Ready To Get Out of the Rat Race?

Investing is a skill that was not taught in school. Most of the times it’s only through experience, and recently, through exposure to the social media that are bringing people to get interested about the stock market, mutual funds, and other financial instruments.

But another effective and alternative way to learn about investing and planning your finances is through playing a board game. Exactly. Play the CashFlow Game!

CASHFLOW 101 was created as a fun, powerful, and experiential way to teach investing and wealth building. It also trains the player on how to manage assets and liabilities, trade stocks, and to fight his or her way out of the Rat Race (a way of life in which people are caught up in a fiercely competitive struggle for wealth or power). Continue reading Dubai OFW’s, Are You Ready To Get Out of the Rat Race?

Are Donations To Yolanda Victims Taxable?

After learning so many lessons from our Ondoy, Pablo, and two previous habagat volunteering and donating experiences, I have become cautious where to course through our personal donations.

And upon witnessing personally how local government units and government officials handle (and personally used the people’s donations), I have only handed my donations through the Philippine Red Cross and a few other groups recognized as non-government organizations such Gawad Kalinga and Rock Ed Philippines since I have been a volunteer of these groups since several years back.

Aside from these reasons, I have also considered the tax implication of being a donor. If you are not aware, giving a gift to anyone isn’t totally free in the Philippines unless you know how and who to course it through.

Otherwise, you have to pay the Donor’s Tax if you’re giving gifts to the wrong organizations or individuals. Continue reading Are Donations To Yolanda Victims Taxable?