As a personal finance advocate, being asked about investments and investing is a daily occurrence to me. I often joke that anything that every question relating money has been asked of me already. Building wealth is a preoccupation by many and investing one’s money is a crucial endeavor to wealth building. Investing is the act of committing money expecting it to grow in value. However, investing will always entail risks which means there will always be a possibility of loss of money. In investing, one needs to understand and accept the risk-return relationship: high returns entail taking high ..read more

For many Filipinos, the leap from being an employee to becoming an entrepreneur represents not just a career shift but a profound lifestyle change. Entrepreneurship offers the allure of independence, the potential for significant financial rewards, and the opportunity to bring one’s passions to life. However, making the transition at the right time is crucial to ensure success. Here are key considerations for Filipinos pondering when to make this pivotal move. 1. Financial Stability One of the most critical factors to consider is your financial situation. Have you saved enough to cover your s ..read more

Credit cards offer a range of benefits and conveniences, and when used wisely, they can be a powerful financial tool. For Filipinos looking to maximize the advantages of their credit cards, here are several strategic ways to do so: 1. Choose the Right Credit Card Select a credit card that aligns with your lifestyle and spending habits. Look for cards that offer rewards on the categories you spend the most on, such as groceries, fuel, dining, or travel. Banks in the Philippines offer various cards with specific perks including cashback, rewards points, and travel miles. Comparing these features ..read more

How to Say “No” to Toxic Filipino Family Members Asking for Money In many Filipino families, the concept of kapwa (a shared inner self) and utang na loob (a deep sense of gratitude and debt of gratitude) create strong cultural bonds. These cultural norms foster a deep sense of family and community responsibility. However, these beautiful aspects of Filipino culture can sometimes create complex challenges, especially when it comes to financial expectations from family members. When family members repeatedly ask for money, regardless of your own financial stability, it can lead to a toxic cycle ..read more

Life insurance is a particularly effective risk management tool for Filipinos, given the unique socio-economic challenges and cultural values that characterize the Philippines. Here are several reasons that illustrate why life insurance is especially important for Filipino families: 1. High Family Dependency In the Philippines, there is a strong cultural emphasis on family and community support. It is common for a single income earner to support multiple family members, including children, spouses, and often extended family such as parents and siblings. Life insurance ensures that in the even ..read more

Invest locally and globally! In today’s interconnected world, diversifying investments beyond local borders is not just a luxury but a strategic necessity. Filipino investors, from seasoned veterans to novices, stand to gain significantly by broadening their investment horizons globally. Here’s a comprehensive look at why incorporating international investments is a prudent strategy to enhance and protect your financial portfolio. Broader Diversification One of the fundamental tenets of investing is diversification — the practice of spreading your investments across various assets to reduce r ..read more

? Get ready to level up your financial game at PisoCon: Finance, Investing, and Entrepreneurship! Join us on May 25, 2024, at the prestigious Samsung Hall, SM Aura, for a day of enlightenment and empowerment. ? Featuring some of the brightest minds in finance, investing, and entrepreneurship, PisoCon promises to be an event like no other. Learn from personal finance advocate Randell Tiongson and wealth coach Chinkee Tan as they share invaluable insights to help you navigate the complex world of finance and wealth creation. ? Gain practical knowledge and strategies from other esteemed speakers ..read more

As I navigate through life’s myriad choices, I’ve come to realize a profound truth: every financial decision I make is intertwined with my spiritual journey. This revelation has been transformative, leading me to delve deeper into the connection between my finances and my spiritual well-being. Drawing from my experiences and insights, I’ve compiled five compelling reasons supporting the statement, “Every financial decision is also a spiritual decision,” drawing inspiration from the wisdom found in the Bible. 1) Stewardship and Responsibility In the ESV, Luke 16:11 states, “If then you have no ..read more

Attention Overseas Filipinos in the UAE Are you ready to take charge of your financial future and achieve your goals? Look no further than “Build Your Future UAE 2024” seminar, coming to Sharjah and Abu Dhabi. This seminar is not just another event – it’s a game-changer for anyone seeking financial freedom and building a better future. Here’s why you can’t afford to miss it Expert Guidance: Randell Tiongson is a renowned financial planner and educator with decades of experience helping individuals like you achieve financial independence. At this seminar, you’ll gain insights from his expertise ..read more

The debt snowball method is a debt reduction strategy where you pay off your debts in order from smallest to largest, regardless of interest rate, while making the minimum payments on all other debts. Once the smallest debt is paid off, you take the money you were paying on that debt and apply it to the next smallest debt. This process continues until all debts are paid off. In the Philippine setting, the debt snowball method can be effective for several reasons: 1) Psychological motivation: The method provides quick wins by paying off smaller debts first, which can motivate individuals to co ..read more