Category: Investing

To Die In The Name of Education

When I was a naive young student, I used to have grudges against my former university for not letting me take my exams several times after failing to pay the examination fees.

Although I had a scholarship grant in college, this only covered tuition fees and not my daily allowances or monthly stipends.

My scholarship foundation was not directly paying my school. Every month I had to attend the foundation’s regular meetings so that I could collect the cash from their treasurer myself and sign on their receipt logbook. Continue reading To Die In The Name of Education

Pisobilities (A Webinar with Colayco Foundation and OFW UsapangPiso)

Wealth is just within your reach…wherever you are in the world!

Do you want to know how? Here’s your chance!

My financial literacy advocacy group, OFW UsapangPiso in partnership with Colayco Foundation for Education, presents Pisobilities: Wealth Within Your Reach. A webinar that teaches the basics on proper money management – spending, saving, planning & investing.

This online learning session will help attendees realize the importance of having a financial goal. Financial instruments and strategies on how to achieve those financial goal/s will also be introduced.

Wherever you are in the world, attaining one’s desired wealth is never an obstacle. Be empowered with this webinar and acquire the necessary financial knowledge and skills to become truly wealthy! Continue reading Pisobilities (A Webinar with Colayco Foundation and OFW UsapangPiso)

Buying A Life Insurance Is A Sin?

For most of us elsewhere in the world, getting a life insurance, or a medical insurance at least is a necessity. A must.

I am bringing up the topic about life insurance because a Filipino in Saudi Arabia died in an accident while at work a couple of days go. And then I wondered whether he is covered by any type of life insurance provided by the company or the Saudi government.

It turned out that his family will be receiving a social insurance benefit worth around SAR300,000 or roughly Php3,300,000 from GOSI (General Organization for Social Insurance) without him even contributing a single halala (peso) when he was still alive. The Company pays for the contribution of all its expatriate employees. So basically, expatriates in Saudi Arabia are generally protected as long as their companies are complying with their government’s Shar’a requirements related to GOSI.

In addition to that, I have learned that the employee’s company medical insurance has a “silent” life insurance coverage and that his family will be receiving an estimated amount of SAR250,000 or roughly Php2,750,000. Continue reading Buying A Life Insurance Is A Sin?