When it comes to money, attitude has more impact than skills on how you handle it. And how do we develop our perspectives and psychology about money? Yes, all throughout life, but a big part of it can be traced back to our childhood. Think about how you grew up. What did your parents...
When you think of investments, you automatically think of stocks, bonds, funds, or real estate. Certainly, you need to invest your hard-earned money in these asset classes. But there are other investments you need to do that affect other areas of your life, which in the end will have not only a financial impact...
The worsening traffic in Metro Manila has gotten me lately to seriously think about where I want to retire. In fact, it has become so bad that I started to think about pre-retirement: where I want to live even before I retire. Certainly, certain cities in the Philippines are good candidates: Cebu, Davao, Bacolod,...
If you think about it, your household is just like a small business. You have bills to pay, people to manage, and income to generate. If you are not making enough money, get into too much debt, or find yourself into a financial mess, then you may want to start running your household just...
After all the holiday spending, I know you’re now in the saving and investing mood. Now before you start putting your money to the next IPO or condo unit, consider some of these investment resolutions to avoid costly mistakes and make the most of your hard-earned money. Resolution #1: I will have an investment...
Every year, usually on my birthday or before New Year, I update my list of life goals. You may be familiar with the Be, Do, Have format of setting goals. If you are not, it basically means categorizing your goals into three: what you want to be, what you want to do, and what...
Different people have different motivations for starting a business. For me, there are at least five different kinds of entrepreneurs. Find out which one are you. The Escape Entrepreneur You decide you want to become your own boss because you hate your 9-to-5 job and you want to quit the rat race. Or you’re...
I started investing in 1997. Correction: I traded some stocks back in 1997 and 1998, and I made a tiny profit. I have nothing to show for it because I pretty much spent whatever profit I made from the handful of stocks I bought. I was single, working in a bank, and started to...
Financial literacy begins at home. Our schools rarely teach us about money. Our companies rarely teach us about money. Our churches rarely teach us about money (and it’s usually it’s too warn us about it). So it is up to us to teach our family about money. And that means you need to know...
As an entrepreneur myself, I’ve had my own share of hits and misses. I started my own small business when I was 23 but went back to corporate work after I finished my MBA. I got into franchising as a side business when I was in my late 20s. That lasted for just a...
