Category: Family

Alhamdullilah! Our Successful Financial Coaching Sessions in Dubai

After co-organizing the Singapore and Israel personal finance coaching sessions with our OFW UsapangPiso forum and Angat Pilipinas Coalition for Financial Literacy volunteer members, I was given a chance again by Randell Tiongson to pull together another group of OFW’s based in the United Arab Emirates last March 1 and 2 for a couple of personalized finance coaching sessions. This is actually part of the financial coaching tour of Randell Tiongson which includes not only Dubai, UAE but also Oman and Qatar.

I would like to thank Randell Tiongson for continuously believing in our overseas Filipinos. Educational events like these ignite the desire of Filipinos to make themselves better by doing the proper ways to change their lifestyles and their attitude towards money. Continue reading Alhamdullilah! Our Successful Financial Coaching Sessions in Dubai

Why Everyone Needs An Emergency Fund

Everyone loves great surprises in life. A new job, a salary raise, winning a raffle draw, or just a simple gift from your loved one surely brightens up our days.

But then sometimes our breadwinner loses his/her job. Or someone gets sick and eventually the need to spend for significant medical expenses becomes inevitable. A typhoon or flood ravages your home or your car and therefore need some repairs. Or something bad just happened.

These are the times when your finances are deeply challenged. Continue reading Why Everyone Needs An Emergency Fund

My Mom’s Investing in the Stock Market

My mother used to work as a clerk for a Chinese businessman in Binondo back in the early 70’s when she was still single. But she decided to stop working when she met my father until they got married in 1975. Given the very short time that she spent for working, she did not get to contribute that much for her Social Security.

Fast forward to 2012, my mother asked me if she could continue to contribute to SSS so that she could receive the pension when she reaches her retirement age. After giving her a computation on how much (little) she could get from SSS, I convinced her that she should not rely her retirement years from SSS alone.

In fact I told her that it would be better to allocate a portion of the money I’m giving her on a monthly basis and the profit she is getting from her small business of made-to-order delicacies to invest in the stock market.

And so she did in December 2012. Continue reading My Mom’s Investing in the Stock Market