There was a time, not so long ago, when people worked until they turn 60 or 65, and then they are given a monthly pension or a lump sum retirement pay plus maybe a watch. Then they spend the rest of their life on the golf course or playing with their grandkids. Not anymore....
How do you manage your family finances? Why not run it like a business? Here’s how: Establish your purpose Did you know that some wealthy families have family constitutions? Well, you don’t have to go that far. But it could do your family well if you set your purpose. Businesses exist for a purpose,...
Social entrepreneurs are hot these days. It’s not that they’re riding on a fad but society responds positively to entrepreneurs who meld profit, passion, and purpose. This resonates to many of us who are not content with just making money but want to find meaning to what we do as well. We can take...
I’ll be the first one to admit I’m no investment expert. But I know that when it comes to investing, the simpler it is, the better (well, we all know how those complex collateralized debt obligations in the U.S. turned out). I subscribe to the John Bogle (the guy who invented index funds and...
Lately, there have been a lot of campaigns and movements pushing for entrepreneurship among Filipinos. That is a good thing. Our country needs more entrepreneurs. While I support that, I also believe that not everyone should become an entrepreneur. I am an entrepreneur myself, but I had also been an employee. I started off...
I have two young daughters. As personal finance advocates, my wife and I consciously find teachable moments to our kids for them to learn about money. We don’t always do it right but when we do, we know we are making an investment on their financial future. Here are 10 ways we teach them...
“Where should I invest?” The question on where to invest our hard-earned money is a popular one. But the problem for many people is not where to invest but how (not) to invest. So even before you start thinking about which stock, bond, mutual fund, or real estate project to invest in, consider these five...
Here’s a funny story: When Bob found out he was going to inherit a fortune when his sickly father died, he decided he needed a woman to enjoy it with. So one evening he went to a singles bar where he spotted the most beautiful woman he had ever seen. Her natural beauty took...
I went into business when I was 23 years old. It was a small desktop publishing shop under the staircase of a newly built four-story building in a university area. I had two desktop PCs, a laser and inkjet printer, and a photocopying machine. I employed three people. We made business cards and letterheads...
There are so many ways to slash your career, but one way to think about how to pursue multiple careers is how to expand it. Do you go wide, deep, or wild? What do I mean? Going wide means sticking to one discipline and applying different but related skills for different industries or markets....
