---

Learn What You Can Do About It

Now that interest rates have been hiked, the next issue will be what the inflation rate for July will be. The spiel is that the inflation rate is expected to breach 5% — which is why the BSP raised rates.

So, IF inflation does breach 5%, that means your money has to work harder in order to really grow. Has it? Have you been keeping track?

[Read more…]

---

So What For The Filipinos?

With the Philippines getting another investment upgrade, its good to be reminded what this means and how it can potentially affect us. Here is how:

[Read more…]

---

And How We Can Overcome ThemFilipinos have very unique money habits. For example, some Pinoys are very good savers, while others are extreme spenders. Some work hard for money, while others make their money grow. These different habits will determine one’s financial future. This is why it’s very important to check if we have money habits that might be compromising our financial future.

Here’s a list of common habits and mindsets that we can observe from our kababayans (or what we have ourselves) which can keep us from having a financially secure future:

[Read more…]

---

Using the Rule of 72

Kung may nag-alok na sa’yo ng investment product, maaring narinig mo na ang linya na ‘to:
“Do-doble ang pera mo!” and quite often, marami sa atin kapag naririnig ito ay napupukaw talaga ang atensyon. However, we should not be convinced to invest by this statement alone.

Although there’s nothing wrong with it, we must also consider other factors such as:
1. the time required for the investment to grow and
2. the interest rate at which money should grow every year.

If we don’t consider these, we might end up owning an investment na hindi naman talaga bagay sa’tin.

One simple way to assess how these “double your money” investments work is by using
the rule of 72.

 

[Read more…]

---

With the first quarter of the year now half-over, it’s a good time as any to see if we have actually made any progress with our financial resolutions for 2014. On the most basic level: Nagsimula ka na ba?

At the beginning of the year, I received lots of inquiries from people as to how they can make a change in their financial habits. Over at COL Financial, their seminars were packed as people came looking to make a change. However, as February rolled around, there has been a noticeable dip in the numbers. [Read more…]