Tag: term life insurance

Retiring Without Money Seems Fun in the Philippines

It is not uncommon to meet people in the Philippines who shell out more money on unnecessary expenses and things that they don’t own before as they earn more money and become more successful. The same pattern goes to most of our dear OFW’s and their dependents back home.

When the salary increases, the spending increases as well.

I think most Filipinos find this culture fun and fulfilling. Leaving them without anything to save for their emergency fund and retirement. Continue reading Retiring Without Money Seems Fun in the Philippines

What’s Money Tree?

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If you rely heavily on the interest of your Savings or Time deposits accounts to grow your money for your future, think again. Those deposit accounts earn only 2.75% or less in a year. Corresponding taxes and bank charges will also be charged if you withdraw your cash. Plus, your money is like a sumptuous meal being devoured by the creepy inflation rate of around 3.6%.  Your money simply loses its value and its purchasing power.

With the Philippine economy rising in unprecedented heights, you may think twice before remitting your dollars back home and let them rot in your deposit accounts.

But where will you put your money for it to grow from 8% to 15% annually if you don’t know anything about investments?

If you are a person who don’t have any idea or background about the stock market, mutual funds, or fixed income securities, you may need to find a suitable plan and an investment vehicle for you. Continue reading What’s Money Tree?