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Spend Wisely to Build Wealth |
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Written by Alvin T. Tabañag
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Friday, 16 November 2007 |
 We hear it all the time. Filipinos complaining that they are unable to save because their income is barely enough to provide for the needs of their families. In fact, many grumble that they are neck-deep in debt. We have also heard of stories about seemingly ‘rich’ people who have 6-digit monthly earnings, nice, big houses and flashy cars yet are in a financial mess just like many of our poor kababayans. This just goes to show that anyone can be broke at any income level.
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Last Updated ( Friday, 16 November 2007 )
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Written by Alvin T. Tabañag
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Friday, 16 November 2007 |
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The “mamaya na” habit of Pinoys is well known. Procrastination is so prevalent in our society that it shows up in almost everything Filipinos do even when it comes to saving and preparing for their retirement. During the first 20 to 30 years of the average Filipino’s working life he doesn’t give much thought about retirement. Decades later when he finally realizes that it is just around the corner he desperately tries to make up for lost time. Unfortunately, it’s often too late to accumulate sufficient funds to ensure a comfortable retirement.
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Last Updated ( Friday, 16 November 2007 )
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Written by Alvin T. Tabañag
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Friday, 16 November 2007 |
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I often come across people who ask where they can invest their money. A typical question would be “I have P100,000, where can I put it?” Many individuals who are familiar with various investment products are quick to propose their favorite investment vehicles based either on their personal investing experience or the products they are marketing. Instead of directly answering this query it is more appropriate to respond with a question like “why are you investing” or “what are you investing for?”
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Improve your chances of owning a dream house |
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Written by Tina Arceo-Dumlao
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Monday, 12 November 2007 |
 WITH INTEREST rates on home loans down to very attractive levels, it is no wonder then that many Filipinos are enticed to make a beeline for the nearest bank branch and sign up for a housing loan.
After all, almost every Filipino dreams of having his own home.
But then it pays to take a few moments to determine if you are financially ready to take on a home loan. No matter how attractive the interest rates, the fact is that the housing loan would put a strain on monthly finances.
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Last Updated ( Monday, 12 November 2007 )
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Financial Adviser 
MANILA, Philippines—There goes your retirement pay. Your developer has turned your dream beach rest house into a nightmare. You’ve paid for the property, and nothing but promises were produced.