Category: Investing

10 Superstitious Beliefs That Keep Most Pinoys Poor

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

While We’re Taking Profits, You’re Still Not Investing

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

Should Churches Pay Taxes?

Well, to burst your bubble, churches DO pay taxes.

Under Section 4(3), Article XIV of the Constitution, it is stated that charitable institutions, churches and parsonages or convents appurtenant thereto, mosques, non-profit cemeteries, and all lands, buildings, and improvements, actually, directly and exclusively used for religious, charitable, or educational purposes shall be exempt from taxation.

It also states that;

“(3) All revenues and assets of non-stock, non-profit educational institutions used actually, directly, and exclusively for educational purposes shall be exempt from taxes and duties.”

However, that doesn’t mean that non-stock, non-profit organizations like the churches are absolutely exempted from taxes. Continue reading Should Churches Pay Taxes?