Congratulations, You Just Wasted Your Money

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

“Pare, Can I Borrow Money? I Need It for My Son’s Birthday”

I have an acquaintance who has been an active investor in online multi-level marketing and other paid-to-click schemes. Indeed he was making a lot of money from his ventures.

But there is one problem. Whenever he earns thousands, he spends them all on things that are on his wishlists. Monthly wishlists. Continue reading “Pare, Can I Borrow Money? I Need It for My Son’s Birthday”

Which Bank Did Rizal Save Money In? Did He Invest?

If you remember your Philippine History classes, you know that Jose Rizal lived a frugal life while he was studying in Europe. He had to cut down his spending on food and clothing and walked long miles so that he could save up for his studies and for the printing of his books.

He had his goals set.

But did our “National Hero” invest his money on an instrument for it to grow further?

The Philippine Stock Exchange has not been established during his time. Not even the Manila Stock Exchange.

But regardless if he invested or not, he definitely saved his money in the bank. Continue reading Which Bank Did Rizal Save Money In? Did He Invest?