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Inflation and the Shrinking Peso
Your money may be safe from thieves, but not even the biggest vaults will be able to protect your money from inflation. Inflation is simply your money losing value. I still recall my parents telling...
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How Much Will Your SSS Retirement Benefit Be?
Are you banking on your SSS pension for your retirement? Do you think this will be enough? Let’s find out how this is computed. The table below lists down the effective average monthly salary credit...
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Philippine Government Bonds
Bonds are certificates of indebtedness of an issuer (i.e. Bureau of Treasury on behalf of the Philippine government) to an investor. Investing in a bond is an act of lending money to the issuer usually...
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Various Philippine Government Securities
Lifted from the Bureau of Treasury website: Government Securities are unconditional obligations of the sovereign state. It is backed by the full taxing power of the sovereignty. Therefore, government...
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Investing in Corporate Bonds
Corporate bonds are similar to Government Retail Treasury Bonds except that the issuer is a private company. investment grade bonds are issued by top corporations including PLDT, Ayala Corp., San...
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What Are Unit Investment Trust Funds?
Unit investment trust funds or UITFs are also investment instruments that are offered normally by banks. It is defined as: The UITF was created by virtue of BSP Circular No. 447 dated September 3, 2004...
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What are Mutual Funds
Mutual funds are very similar to Unit Investment Trust Funds (UITF). This is govered by the Securities and Exchange Commission (SEC) instead of the Bangko Sentral (BSP).But instead of being offered by...
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UITF Performance Update Q1 2013
Here is the 2013 1st Quarter Update of UITF Performance. Sources: Pinoy Money Talk and Bloomberg. Tagged: financial, financial freedom, financial planning, investments, pinoy financial literacy,...
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It Important to be Surrounded by Positive People
Do you know why some of us succeed easily and some don’t? Some find it easy to do things and some don’t? As Mark Twain once said… “Keep away from people who try to belittle your ambitions. Small people...
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The New Equation for Getting Rich
I think most of us have learned that Income – Savings = Expenses. This used to be true in the old days. In the new age, there is a radical change that needs to happen for you to get rich. … Continue...
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On Credit Cards and Minimum Monthly Payments
Who among you pay only the minimum amounts on the credit cards? Charging your new LCD TV or your new appliance is fairly easy and payment is so affordable right? Well, let’s examine this more closely....
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Is Your House an Asset?
I am sure many people here will say that their house is an asset and many would definitely agree so too. In accounting we have been taught to put buildings under the asset column. In financial...
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How Much Do You Think Your Kids’ College Education In the Philippines Will Be?
Anyone of you have an idea of how much college education will cost you annually to put your children to college in the Philippines? Are you certain that your salary will be able to pay the tuition...
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Three Stages of Life
According to Mr. Rex Mendoza, President and CEO of Sun Life, there are three stages of life which a man should go through. Unfortunately, a lot of Filipinos never get past stage one. So what are these...
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The Rule of 72
I’m certain that this rule is not taught in schools. So what is this rule and what does it have to do with financial literacy? This is a rule of thumb to determine how long it will take to double …...
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My Personal Thoughts on Life Insurane
How many of you are irritated by the consistent pestering of insurance agents? How many of you have been hiding from them? It’s like everyone has the same story. Let me share with you my personal life...
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Do You Have an Emergency Fund?
A lot of people overlook this aspect having an emergency fund. They think that they have a stable job which brings food to their table, they have an insurance that will cover them if death or...
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Not All Loan Interest Rates Are Created Equal
Friends, I’m certain that not everyone is aware of this. Yes that is true, not all loan interest rates are the same. I am sure that you have noticed different institutions giving varying rates such as...
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Savings Account and Credit Card Debt
Friends, are you part of the majority of the Filipinos who maintain a saving account balance of thousands and yet make only partial or minimum payments on your credit cards bills? I’m sure a lot of...
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How Does One Get Out of Debt?
Would you like to know the secret of how to get out of debt? It’s really simple but difficult to do. It takes conviction and a lot of it. The secret? If you have extra money, pay off your loans …...
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