People who have done it, Paul Navone and Warren Buffett themselves included, attest to the fact that becoming rich entails following three simple steps: SAVE, INVEST, REPEAT. Well, yes, that has to be it since the majority of us were not born with a silver spoon, and would have to be ready to roll our […]
Budget 101: Stay Away From Bad Debt
In Budget 101: Pay Yourself First, we tackled how paying oneself first after receipt of every paycheck is tantamount to setting aside a specific percentage of one’s salary before expenses are taken into consideration. In Budget 101: Live Within Your Means, we defined means as income inclusive of savings, and in Budget 101: Learn To […]
The Truth About Money Management
Being the weekend blogger that I am, every time I come home for the weekend, I already have at least two topics outlined in my mind, ready to materialize on the virtual pen and paper. But this weekend, I came home empty-handed. Zero. Zilch. Nada. I was too busy at work to even think about […]
Rich Dad, Poor Dad
I have a confession to make. Before I started reading Rich Dad, Poor Dad, I didn’t exactly like Robert Kiyosaki. Once upon a lifetime ago, I was one of those people who got “ambushed” into joining network marketing companies who quoted Robert Kiyosaki every step of the way. Well, of course, I didn’t join because […]
Budget 101: Learn To Say No
In just about any situation a person would find himself in, where he would have to decide between now and then, today and tomorrow, this and that, “I’m sorry” is probably not as hard as saying “no.” A one-syllable word, a two-letter utterance, but many people have a heck of a time saying “no.” And […]
Problem with a Relative Owing You Money and Not Paying You Back?
People, generally speaking, value relationships, especially rewarding and symbiotic relationships. In facilitating this form of relationship, Filipinos are widely known for a trait called pakikisama. And just like anything of value, pakikisama has two faces, the good side and the abused side. What if out of pakikisama – or sheer generosity, for that matter – […]
Inflation and the Average Consumer
Before I go on about this topic on inflation, allow me to make a disclaimer first and foremost. I am not old, exclamation point. As the wizened folks in my hometown would often say, “Only carabaos grow old.” I agree, and still with an exclamation point. Okay. I feel better now. And now that we […]
Budget 101: Live Within Your Means
Living within someone’s means is perhaps an argument that can only be resolved as soon as the term “means” is afforded a definition. “Means” may mean “income” to one person but can mean “income inclusive of savings” to another person.” For the purposes of discussion, we will be taking the second definition as our definition […]
Budget 101: Pay Yourself First
The washer is on, and the spinner is whirring. Since the kids are in school and I have the house all to myself, I thought to put on my thinking cap and start working on this post. But I’m betting I’ll be finished on this one before the sun comes out again, if at all. […]
Credit Cards: The Quick and the Dead
Once upon a time, I felt like I wasn’t “in” because I didn’t own a credit card. I had a job, but yes, no credit card. The feeling sucks, believe me. At the mall while window shopping, I’d run across a gadget or something I so wanted to have, and after checking the price, I […]