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Have you been a victim of theft or fraudulent activities involving your credit or debit card before? How did it happen? If you have not experienced it yet, are you aware of those dangerous places where your bank cards may be hacked or compromised?

Today, you’ll be surprised to know how easy it is for fraudsters to detect your account credentials like your username, password, and even PIN. Your credit or debit card is not an exemption to this. If you’re not careful, you’ll just wake up one day with fraudulent charges made on your cards. What if you have saved a big amount in your savings card?

Most people these days use debit card mostly for their purchases either online or offline. Through it, it seems like they have a way to control their spending in a way. Compared to credit cards, on the other hand, you may not notice the huge piles of payment you have for the entire month until you receive your statement. You could be facing a big credit card debt all of a sudden one day, and the worst thing to happen is you may not be able to pay it. As you know, late or non-payment can lower your credit score and hurt you overall financially.

While using debit card can be risky if you’re not careful, credit card, on another note, allows you to monitor any charges. You can just ask your bank to decline those unwanted charges and feel at ease that you’re not going to be out of money. However, if you haven’t noticed those charges, any fraudster can just use it for anything they want especially if you have a higher limit. This just means that regardless of the bank card you’re using every day, you still need to handle them with care to avoid fraud.

Surprisingly, for your information, 70% of millennials today are said to be using debit cards mostly for their transactions. They tend to avoid credit cards for the fear of being drowned with debts. However, it should not be the case. You may not be aware of it, but a credit card can actually improve or aid your financial life. Let’s say you have an exemplary credit score. It will just be easier and even cheaper if you’re going to buy a house. The mortgage you’re going to pay will be less. Not only that, you can also take advantage of various rewards depending on your card such as cashback rebates, flyer miles, discounts, and other privileges.

Regardless of the types of bank card, you still need to secure your accounts. To help you out, listed below are four major places where your cards may be in danger. So before you use them, think again. It’s better to be safe than sorry.

4 Dangerous Places to Not Use Your Bank Cards

1. Online purchases

Because of the technological breakthrough in this era, it would be impossible not to use your credit or debit card online if you’d like to shop around. There’s nothing wrong with it as most people find it more convenient than going to physical stores. However, you still need to be careful when using your cards for online shopping. There are sites which may steal your information including your bank accounts. That’s why you have to make sure that you’re actually using them with reputable online stores.

2.Outdoor ATMs

You may say that it’s unavoidable not to use your cards when you withdraw from ATMs that are mostly placed in public places. Yes, you can definitely use your debit card, but make sure to do it inside the mall or the nearest bank branch. That would be a better and safer option for you. As you know, there are several cases of reported fraudulent transactions on the news currently, and you don’t want to be a victim.

Perhaps, you’re familiar with skimming. This is the tactic of thieves to capture a customer’s card information. They’ll run it through a special machine which can read your card’s magnetic stripe. Then, the rest is history. Your money can just disappear like a bubble all of a sudden. You don’t want this to happen to you one of these days, do you?

3. Gasoline stations

You read it right. One of the dangerous places to use your bank cards would be at gasoline stations. Those payment terminals with self-service pumps have inviting features for thieves, and they can easily do skimming. While some gasoline stations have updated their payment systems for a safer transaction by being EMV compliant, others are still left behind. If you don’t have a choice not to use your debit card in a gasoline station, then you better pay at the cashier.

If you’re wondering why the gas pumps are quite dangerous, it’s because thieves can just easily set up a card-reading device at night when there are none or maybe few people in the station. It’s a perfect opportunity for them to track and capture card’s information. So the next time you are at a gasoline station trying to use your card, think again.  

4. Automatic charges

Have you ever experienced seeing unwanted charges on your monthly statement? Aside from theft, you may have used your debit or credit card for recurring payments. It means you’ve actually allowed a certain store or shop to charge your card automatically on a regular interval. Unknowingly, these charges can pile up if you’re not careful.

Some of these automatic charges come from your subscription either online or offline. For instance, you’ve subscribed to an app’s service offering movies and other entertainment features. Even if you don’t personally ask for it, some shops or online merchants set up their payment system that way. You can avoid this type of charge by reading first their Terms and Conditions. However, most of us tend to ignore it.

5. Conclusion

So those are some of the dangerous places today to use your debit or credit card today. As the technology continues to shape the word, it also paves way for a seamless hacking for fraudsters. Now that most people tend to make more online purchases, they can be susceptible as victims of fraud. Protect your bank cards. Protect your personal account. Protect your financial assets.

Laurent Dionisio

PS1. Do You Want To Double Your Money? Do You Want To Retire Early with P100 Million? Check this out –> Ascend University

PS2. Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

PS3. Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

The post 4 Dangerous Places to Not Use Your Bank Cards appeared first on Pinoy Financial Planning.

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What’s your current financial status? Are you living paycheck-to-paycheck or earning more than enough? Do you have multiple sources of income or just one?

You may be reading this because you’re not financially fit as of the moment. Yes, you have a job but it seems not enough to cover your daily household expenses, not to mention your personal needs. If you’re living paycheck-to-paycheck, you have a reason to look for side hustles that would supplement your income. It’s the perfect time to assess your current financial situation and decide how to make it better.

Today, there are only a few people having their side hustles. It seems like most of us depend on our day job to sustain our needs. But that’s it, it’s just enough to cover your necessities. How about your savings? Do you have any investment? What do you do currently to ensure a good future for yourself and your family? You should start asking these questions to yourself.

If you have a side hustle, you can use your income from it to pay your debts or grow your savings. It can definitely help you financially and all you need to do is to look for an opportunity either online or outside. You’ll definitely find one. Find time to be productive and earn extra at the same time. Don’t be lazy. Instead of playing mobile games on your phone or going to the mall during weekends, you can do something valuable to help you with your finances.

Some people enjoy having a side hustle because of the freedom and productivity it’s giving them. The time is yours unlike when you’re working in the corporate world where you have the eyes of your boss always assessing your performance. You would find peace of mind as well working in the comfort of your home. As a piece of advice though, do a side hustle that you love or in which you enjoy the most. It can be a hobby or an exceptional talent of yours.

In addition, you have to know your skill set first before doing any side hustles. Are you good at something? There must be something you’re good at in particular. Do you love to draw, write, or create graphic designs? Start evaluating yourself if you have some skills which you can make use of to earn an extra income. You may be surprised at how it’s going to turn out and the pay you may get from it.

5 Reasons Why You May Need A Side Hustle

1. You’re not earning enough.

This should be a starting point for you to look for more opportunities out there. Your income could not support your needs regularly and that you’ll have some trouble budgeting your money. If this is what you’re experiencing currently, you have to change your game plan and have multiple revenue streams. Increase your income so you can cover your needs and have some set aside for savings.

The cost of living today is so expensive especially if you’re living in urban areas or cities. It seems like in everything you do, you’ll need money. That’s why having a day job with only a minimum wage is not good enough for your day-to-day living. You’ll have to find means to supplement your income.

2. You’ll have new people, group, or experiences to treasure.

Take this as a bonus. With your side hustles, you may meet some people whom you can build relationships with. Along with it, you’ll learn a lot of things as a person and a colleague. You’ll have experiences and knowledge to appreciate in the long run. Eventually, you can use these as your strong points in case you plan on doing it full-time. Yes, some turn their side hustles as their primary source of income.

3. It serves as your backup plan.

What if you suddenly lose your job? Do you have enough savings to use while you’re looking for work? If you don’t, then it may be a challenging situation for you. That’s why it’s better to be prepared in case this happens. You’ll never know what lies ahead.

Having a side hustle where you earn extra money gives you this protection in times of unexpected events like unemployment or emergencies. It will give you peace of mind that you have something to depend on regardless of the situation.

4. It can be an outlet to do the things you love.  

Your side hustle can be a creative outlet for you. Say, you have a hobby that you enjoy doing like writing or drawing. There are a lot of potential clients who may need these skills for their business. You can be a content writer, a graphic designer, a tutor, an online seller, an Uber partner, etc.

Have you asked yourself if you really enjoy your day job? Some people only do it for the sake of having a regular source of income, either minimum or average. It would be a lot easier to do the things you love and earn at the same time.

5. It could be the biggest opportunity in your life.

You’ll never what your side hustle may bring. Some people though have turned it into their main source of income. They realize that they’re actually earning more from it compared to their day job. Others are even earning a passive income from their side hustle. Have you ever heard of those people getting successful by just blogging or vlogging? So yes, it can also be the biggest turning point in your life.

Conclusion

So there you have some of the reasons why you should have a side hustle. Are you earning enough from your day job? Ask yourself again. Everybody is busy working hard to earn money by working outside. However, you should also find time to have a side hustle especially if you’re struggling financially currently. If you’re aiming for financial security, you should work hard and more. For now, start looking for a side gig that you can do in your free time and see where it can take you.

PS1. Do You Want To Double Your Money? Do You Want To Retire Early with P100 Million? Check this out –> Ascend University

PS2. Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

PS3. Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

The post 5 Reasons Why You May Need A Side Hustle appeared first on Pinoy Financial Planning.

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Do you get overwhelmed with all the bills and expenses you shoulder every month? Is your income enough to sustain the needs of your household? What do you do to make ends meet?

They say that the best way to start saving money as an individual is to start doing it within the household. There should be an accurate budget inside the house that would cover all the expenses and bills regularly. It’s a responsibility that needs attention especially if you’re struggling financially as of the moment. Don’t wait for the worst things to happen. Take control of what will happen.

In the Philippines, it’s good to know that the responsibilities at home are shared to everyone in the family who’s capable of earning. Several sources of income in the household will certainly help a lot to cover all the necessities without actually experiencing financial difficulties. Having strong family ties is one thing that Filipinos can be proud of. However, if it’s only one person in the family taking charge of all the financial obligations, that’s a different story.

Perhaps, one of the biggest factors contributing to the expenses in your household would be the rent payment. Most families don’t have their own house, so they rent an apartment. This certainly contributes to the huge sum of money being taken out from the household budget. To remedy this, it would help a lot if the family could get a housing program to have their own home. It may ask the entire family to relocate. If it’s what’s best for the household though, then it’s a smart recommendation so you can cut off your expenses.

Also, every family member should eliminate bad money habits. It would be a bit challenging at first to fight against the urge of buying your “wants”. However, it’s for the sake of your loved ones too. Living beyond your means can affect the family financially overall. What you can do for instance is that you should control your excessive shopping behavior for the sake of your family. Take away all of your vices within your system too.

5 Savings Tips For Your Household Expenses

1. Stick to a daily budget.

They say that budgeting gives you control over your financial life. Start by setting a daily budget which you can post in the noticeable area in your house. That way, you would be aware of how much you should spend for the day. Make sure to stick to that fixed budget no matter what, or else everything that you’ve planned to save for your household expenses will just be a waste of time.

To help you out, you can also ask your other family members to contribute to that budget. Sometimes, there’s someone in the family not totally sharing the responsibility. It would be the perfect time to tap him or her in the back and ask for support. You’re living in the same house so it’s just right to ask for some financial help.

2. Cook your own meals.

You would find some people buying meals from outside. Small food outlets or fast-food chains are their go-to places for their meals. It’s unfortunate to see a lot of people doing it even though they are struggling financially. If you’re going to compute your food expenses, you would be surprised to learn that it actually takes up so much of your budget.

That’s why you should learn how to cook your own meals or do it regardless if you’re tired from work and all. If you have children going to school, make it a point to get up early and cook their meals so they don’t have to buy food from their school canteen. As easy as that, you can already save some money in your household.

3. Set a shopping budget for the grocery items.

You can do shopping for the grocery items for your household every week. Yes, it should be a separate budget as you may include things for your personal use. Depending on the size of your family, you should create a budget list for groceries.

Mostly, people spend a lot for these items and they even go beyond without them actually noticing it. They’ll just be surprised to know the total price when they go to the cashier for payment. As a friendly advice, just bring your budget in actual cash when you go shopping, so you won’t be tempted to spend more money. You need discipline when it comes to this.

4. Minimize your bills.

You’ve been aware of this at some point. All you need is an extra push to really minimize your bills at home. We all learn basic energy consumption techniques in grade school. We should try applying those tricks in order to save some money.

For instance, you should turn off the lights when you’re not using it. If you can stand the temperature, then turn off the aircon too. As you know, it’s one of the biggest contributors to high electric bills. In addition, control how you use water. Conserve it especially if you have several members of the family using it.

5. Buy in bulk.

You may not be practicing this in your household, but you can actually save a lot from bulk buying. This is regardless of the items you’re buying. It can be clothes, food, random items, etc. You can get discounts or freebies by doing so. Not only it will save you money doing it, you can also save time. It’s a practical solution to start saving money.

Conclusion

So you’ve got some saving tips here for your household expenses. Don’t just read and then forget about these practical approaches that you can observe in the household. Start saving money at home, so you can start saving for yourself too. Do it today by setting a budget first. You have to divide your income in a way that it can cover all the expenses and have some savings at the same time.

Do you think it’s possible? Of course, yes. You just need to be smart handling your finances.

Laurent Dionisio

PS1. Do You Want To Double Your Money? Do You Want To Retire Early with P100 Million? Check this out –> Ascend University

PS2. Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

PS3. Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

The post 5 Savings Tips For Your Household Expenses appeared first on Pinoy Financial Planning.

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Are you the type of person who loves to travel a lot? How are you financially right now? Have you ever realized the impact of constant travelling on your financial condition?

It’s almost a dream for most of us to travel locally or internationally every time we feel to do so. We’d like to experience new things or we are simply adventurous in nature. It’s like a perfect escape from all of our problems or challenges that we’re facing every day. We deserve it sometimes to refresh ourselves and treasure new memories in our lives.

While travelling can be good for you to release your stress, it can be very expensive most of the time. Whether you travel once a month or once a year, it can hurt your budget and maybe you’ll have financial difficulties in the near future if you don’t know how to control it. So if you’re living paycheck-to-paycheck, you might want to reconsider travelling one after another and prioritize other important things first. Of course, you can still travel but make sure to plan it ahead of time. Set aside a budget for it that won’t compromise your financial situation.

From planning the trip until you get home from your vacation destination, you can have a lot of tips and tricks out there to help you spend less while you enjoy more. Your trip doesn’t have to be that expensive. For instance, you can travel in a group so you can share all the expenses. Most of the time, you can have a cheap deal for your tours if you have your friends with you provided you meet the minimum pax. So if you can bring them with you when you travel, you may save a lot for the accommodation and fares.

In addition, you can also set your activities or have your own itinerary. List those that you want to do and the exact places you’d like to visit. After that, you can calculate the costs so you can set your budget right. It will surely help you avoid spending for attractions you don’t plan to go to. Sometimes, some people don’t plan their activities for their trip ahead of time. It will not only be chaotic for you once you’re in your travel destination, but it can also waste your time and money. So next time you travel, make sure that you have an itinerary.

5 Travel Hacks That Will Help You Save Money

1. Book your flight early and the like.

Whether you plan to travel locally or outside the country, make it a point that you book early. If you have to do it during peak seasons like summer or Christmas, flight fares can be very expensive because of the influx of people travelling. What you can do to save some money for your travel is to book a flight two or three months prior to your target date. Some airlines offer promos for their fares if you’re booking it months before your desired travel date. That’s why you have to take advantage of it.

Off-season travel is the best time to travel. You don’t have to worry about booking which is so easy to do and cheaper. Not only that, you’ll certainly enjoy more because there are fewer people in most tourist spots. Of course, the main reason to travel during off-season is for you to save money. That matters the most for someone who does not belong in the upper class of the society.

2. Go Incognito in your browser or clear cache.

If you’re booking your flight online, there are some things you can do so you won’t get high fares. The last thing you’d like to happen is paying more for your flight because you need to book it right away. Do you know that travel sites can also track your activities online?

Once they know which destinations or flights you’d like to take, they can just easily bump prices and you’ll have no choice but to have your ticket reserved. However, it doesn’t have to be that way. You can browse in an incognito or private browser so you won’t have any cookies that could track what you’re doing online. Then, you may also clear caches of your browser. By doing these, you’ll see regular rates of the flights.

3.Bring a certain amount of cash with you and don’t spend beyond.

Once you’re in your desired destination, it’s so hard not to be tempted with all the good buys. You can just spend your money here and there. You won’t even notice that you’ve spent it all. One way to deal with the urge of buying stuff when you’re travelling is to bring just enough cash with you. While you have your card to support your ‘likes’, just remember not to overspend.

4.Watch out for promos or discounts.

From time to time, there are discounts or promos for some flights. All you need to do is to follow airline companies in social media or subscribe to their newsletter online so you can receive better deals. You may be surprised at the discounts you’ll see. It’s as if you pay nothing. You have to catch the latest promo fast though as many travellers also look forward to it every time.

5.Don’t forget to bring your basic travel needs.

Bring your toiletries with you or a water bottle for instance. You may not be aware of it, but once you forget to bring these essential items in your trip,  you’ll have to spend extra. If you have a bottle, you can just easily refill it with water and you don’t have to buy from a convenience store anymore. So prepare all your other basic needs before you go to your destination. It will surely help you save some money.

Conclusion

Those are some of the travel hacks that can definitely help you save cash. Travelling can be fun and worthwhile especially when we need a break from our work or problems in life. Almost everyone dreams to travel the world. If you really want to do it more than usual, there are some things you have to consider. Work on your budget and find a job that pays you more. Have several sources of income. Now, if you’re currently at that point when you struggle with your finances, you should be smart enough to understand what matters the most. Don’t sacrifice one thing for another.

Laurent Dionisio

PS1. Do You Want To Double Your Money? Do You Want To Retire Early with P100 Million? Check this out –> Ascend University

PS2. Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

PS3. Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

The post 5 Travel Hacks That Will Help You Save Money appeared first on Pinoy Financial Planning.

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Are you a millennial or what they call the Generation Y? How do you spend your money then? Do you know how to manage your finances effectively?

Before we talk about some important financial tips for millennials. Let us first know who they are. Basically, if you’re someone who reaches young adulthood in the early 21st century, you are considered as a millennial. In other words, these are the younger generation we have today. As you may have heard somewhere, most millennials are characterized or described as lazy or narcissistic.

Millennials have different personalities to say. Some are obsessed with technology while others are just happy-go-lucky. With all these technological breakthroughs, they become lazy always depending on something or someone. It’s scary to think that without proper guidance, they can take the wrong way and that includes their finances.

If you are 18 years old enough to be called an adult or in your 20s right now, you should start taking charge of your money. Be smart with your financial decisions or plans as early as now. Today is the perfect time to eliminate your bad money habits. Learn the essence of budgeting and know your priorities. You have to focus on your finances so you’ll be able to carry on several aspects of your life.

Yes, it may be tempting to just sit in the corner for several hours to play the latest or addictive strategy games like AOV or Mobile Legends on your phone. But if you do that for the rest of your day or the next day and so on, you’ll never prosper in life. Worse, your productivity as an individual is nowhere to be seen. Instead of playing, you can use your time for valuable activities.

For instance, you can use your phone to have side hustles. You can use some on-the-go apps today to offer your services and make extra money. Yes, technology can be a good tool for you if you just know how to use it right. Even in social media, you’ll encounter some job posts that you can do virtually. For instance, you can be a blogger writing about a niche you like, say travel or fashion. So you can be an online freelancer by using your phone or laptop.

On a different perspective, you may also see some practical millennials. They also understand that because of their behavior or personality in which they depend on somebody the most, they may have to look for better options. It would, of course, be wise to select a partner that can support your needs. If you can’t be responsible financially, somebody has to do it on your behalf. At least, this mindset may work to your benefit. But if you’d like to see yourself financially stable someday, ponder on the tips below concerning your finances.

5 Financial Tips For Millennials Today

1.Pay yourself first.

This personal finance advice talks about how you compensate yourself for your hard work. Before you spend your paycheck on anything, have some for yourself first. Set aside 10% of your income for your savings. Start putting your money in a savings account and be sure not to touch it.

Aside from your regular savings, make it possible to also build your emergency fund. This is in preparation for unfortunate situations in the future that we can’t predict. All you can do is to be ready for them. For instance and hope it won’t happen to you, in case of calamities or accident, you can use your fund to cover your daily needs and even for your family who depends on you.

2.Stay out of vices where you’ll spend the most.

Millennials are prone to having different vices because of peer pressure or the idea of belongingness in a group of people. It could be gambling, constant night out, excessive shopping or anything at all which is living beyond your means. Whatever it is, you’ll have to cut your vices off. It will just make your financial situation worse.

3.Start saving for your retirement.

Perhaps, you are in your 20s or early 30s, and retirement for you sounds like a distant concept. It won’t happen too soon anyway. The mindset of ‘let’s cross the bridge when we get there’ may not be applicable to your finances. That’s why as early as possible, plan your retirement. Prepare in advance for your old age. In fact, it would be best to begin planning for your retirement with your first job.

4.Ask financial advice from professionals.

It’s expected that if you’re a millennial, mostly you don’t know about any types of investment. But it’s a good thing if you have even thought about it at some point. If you’d like to learn about investing or even getting an insurance, don’t hesitate to seek help from others. For instance, you can look for a credible financial advisor who can guide you on what’s the right financial move for you.

5.Go to college and identify your purpose afterwards.  

Maybe you’re a millennial who has not finished your college yet due to some reasons. It could be because you have no financial support for your education or you simply don’t want to go to school. Whatever it is, you have to find means to get a degree or motivate yourself to study.

In this world, it’s hard to land a job that can fully sustain your needs. It may be even hard to find one that can offer you above average salary. But if you have earned a degree in college, you can use it as a tool to get the job you want and get paid what you deserve. After that, know your purpose or priorities. Give yourself a good reason why you’re working so you’ll have something to hold on to in case you feel weary or tired from work.

Conclusion

So there you have some important financial reminders for millennials today. While you’re still young, you should learn how to manage your finances in preparation for your future. There may be some challenges along the way especially if you’re starting to build your career path. All you have to do is to be strong enough to withstand them. Most of all, don’t forget to have an inspiration in everything that you do. It’s your weapon to succeed in life in several aspects like reaching financial stability.

Laurent Dionisio

PS1. Do You Want To Double Your Money? Do You Want To Retire Early with P100 Million? Check this out –> Ascend University

PS2. Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

PS3. Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

The post 5 Financial Tips For Millennials Today appeared first on Pinoy Financial Planning.

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Do you have a hard time saving because you have the tendency to buy relentlessly? How’s your financial situation right now? Do you have the right finance skills to help you prosper in life?

Maybe you are a type of person who just works and then spends all the money. You don’t know the importance of saving. Your reasoning is that you don’t suffer financially at the moment so why save. However, time will come that you’ll need money to aid you in your sudden needs. That’s why you have to be personally responsible for many aspects of your finances.

If you are not making all ends meet daily, then you have to think wisely at this very moment to change your lifestyle. Yes, every financial gain or loss as an individual can be attributed to how you live your life. Personal finance is an essential part of your existence. You plan your future either for good or bad. To help you, there are actually some skills in finance that you might already know and all you need is to just master them.

For instance, let’s talk about situations that need practical solutions. Say, you always eat at restaurants or carinderias because you don’t know how to cook. Because of it, you’re spending a lot of money for it. If you are to track your expenses for eating out, you’ll be surprised at the total amount. When in fact, you can actually learn how to cook or prepare your own meals. Be practical in every situation that involves money especially if you can do it yourself (DIY).

Today is the perfect time to start mastering your basic personal finance skills that can bring joy and quality of life. Yes, you can live with less and still be happy. You just have to learn how to be positive and satisfied with what you have. Don’t worry about what other people might think of you. You should worry about your future. If you have a family of your own, you have more reasons to do so.

Like a financial expert, you have to also learn about accounting and analytical thinking. In every situation, you have to come up with an intelligent solution. Analyze your financial data and implement problem-solving. In personal finance, there should be the same approach. Below are some of the skills that you may be aware of and all you need to do is strengthen them.

5 Personal Finance Skills You Need To Learn Now

1. Prioritizing

Know your priorities. Make a list of your short-term and long-term goals. Then, one by one, start to accomplish them. It may take some time to realize one, but what matters is that you are taking a step towards financial freedom. Think about the value of each goal and then set your priorities.

For instance, paying a house loan is more important than traveling. Saving for the education of your children matters more than buying a new phone model in the market. If you know how to prioritize your financial goals, it will be easier for you to manage your finances.

2. Budgeting

Creating a budget is probably the fundamental personal finance skill an individual should do. It is alarming to know though that some don’t set a detailed budget for their daily or monthly expenses. They just tend to spend whenever they feel like to. Then, they struggle with their finances later on. Don’t live paycheck to paycheck. Stop devoting your salary to unnecessary expenses.

By listing all of your income and expenses, you’ll know in which particular area you are spending more money. After tracking it, you can then decide how to minimize or control it. You can start taking note of your spending on food, clothing, transportation, recreational activities, entertainment, utilities, and a lot more. Every payday, you should allocate a certain amount for each and make sure to stick to it.

3.Saving

It is easy to say that you’ll save some money starting today or this month. Then, you just end up spending all of your savings in just a snap. It can be very difficult most of the time to use your savings to pursue your financial goals. That’s why you need to be realistic when it comes to your savings. Discipline is the key, they say.

For example, you can save for an emergency fund. Make sure that you don’t touch the money as it’s intended for urgent situations in the future. For some, they may say that there’s nothing left of their salary because they have to pay their bills first. You need to follow a certain method then. Pay yourself first. After payday, decide on the amount that you think you deserve for your hard work. Don’t you think you deserve more?

4.Investing

To even grow your savings more, you have to consider good investments. Make sure to assess the kind of investments you’d like to get into though. You have to be aware of the economic trends and identify the opportunities for your investments.

If you’d like to start a small business, create an action plan to make it successful. It’s even more important if you can have the return on investment (ROI) in just a short period of time. In addition, you may also invest in stocks, bonds, or mutual funds. As an investor, you have to make regular investments over the long term so you can grow your wealth.

5. Bargaining

In personal finance, you should also learn to negotiate. Use the power of persuasion, for example, when you have to buy something especially in the public market or stalls. You can also take advantage of coupons or discounts in your purchase. This is an alternative way to save money. All you have to consider is if an inexpensive item you bought actually meets your needs.

Conclusion

Those are some of the basic finance skills that you need to incorporate into your life now. As you master these skills, you may realize their impact in the long run. You can reap the benefits if you’re just going to apply them the smart way. To say, financial success does not happen overnight. It takes a continuous plan over the years. Start climbing your way up there using the said personal finance skills.

Laurent Dionisio

PS1. Do You Want To Double Your Money? Do You Want To Retire Early with P100 Million? Check this out –> Ascend University

PS2. Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

PS3. Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

The post 5 Personal Finance Skills You Need To Learn Now appeared first on Pinoy Financial Planning.

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Ayon kay, Charles A. Jaffe, hindi ang sahod mo ang magpapayaman sa’yo kung hindi ang tamang paggastos. Narito ang ilan sa mga paraan para mabilis na mapalago ang iyong savings.

1. Alamin kung alin ang mga buwanang gastos.

Isa sa mga magpapalaki ng iyong savings ay ang paglilista at pagalam ng iyong buwanang gastos. Ang iyong buwanang gastos ang kadalasang malaking parte ng iyong mga gastos, at sa maniwala ka man o hindi, kaya mo itong mabawasan o mapaliit.

Ito ang ilan sa mga buwanang gastos na maari mong bawasan:

  • Smart phone: Meron ka bang cellphone plan? Naisip mo bang magprepaid kaysa sa postpaid? Maari kang makadagdag sa iyong ipon ng 319 pesos kada-buwan o 3,828 kada-taon.
  • Insurance: Kelan ka huling nagtanong tungkol sa iyong car insurance? Taon-taon nagbabago ang rates ng car insurance kaya hindi masama kung maghanap ka ng masmagandang deal.
  • Cable TV: Bakit ka pa may cable? Sa panahon ngayon lahat ng mga paboritong mong palabas ay maari mo nang mapanuod sa internet ng  libre! Sa pagputol ng iyong cable, maari kang makaipon ng 470 pesos  kada buwan o higit pa.

2. Maging masinop sa gamit at sa pera.

Madaling sabihin pero mahirap gawin. Sa pagiging masinop at pagkakaroon ng organisadong gamit, agaran mong makikita ang mga gamit na kailangan mo nang bilhin at hindi ka magkakamali ng sa pagbili ng mga gamit na akala mo ay ubos na pero hindi pa pala. Papaano maging masinop sa pera? Sa pamamagitan ng paglista at pagtago ng mga resibo ng iyong mga pinamili o pinagkagastusan. Kung hirap magtago ng ‘expense notebook’ maaari kang gumamit ng mga apps na free at available para sa iyong phone.

3. Bumili ng gamit at magbenta ng mga gamit.

Kung balak mong bumili ng bagong iphone, maghanap sa apple store ng ‘refurbish’ phones. Makakamura ka ng higit sa 15 percent mula sa orihinal na presyo nito. Kung balak mo i-upgrade ang aircooler mo at bumili ng aircondition, ibenta ang gamit mo nang aircooler sa online sites. Kikita ka na, hindi pa matatambak ang iyong mga lumang gamit.

4. Magkumpara ng mga presyo.

Tuwing nagsho-shopping, magkumpara ng prices at maghanap ng deals. May mga online shop na nagbibigay ng rebates and cash backs. Mayroon rin mga apps na makakatulong sa’yo para mapadali ang paghahanap ng mga pinakamurang bilihin at apps na mag-alert sa’yo kung mayroong available cash back sa mga pinamili mo.

5. Magdala ng water bottle saan man magpunta.

Kalimitan gumagastos tayo sa maliliit na bagay gaya ng tubig. Pa-bente benete pesos na gastos na kung pagsasamasamahin ay magiging malaking halaga. Kung parati kang may dalang water bottle, maari kang mag refill sa office or sa bahay at di mo na kailangan pa gumastos ng dagdag na bente. Kung susumahin ang gastos na bente pesos sa isang araw sa loob ng isang taon ay makakaipon ng 7,300 pesos o higit pa, depende sa dalas nang pagbili ng tubig sa isang araw.

6. Magbayad ng tama sa oras.

Ang maliliit na dagdag bayarin kapag maipon ay lumalaki. Halimbawa, sa Cable, kung lagpas sa due date ang pagbabayad mo dinaragdagan nila ng 30 pesos ang bill. Gaya rin ng sa phone bill, kapag lagpas sa due date ang pagbabayad mo, agad nilang pinuputol ang service nila at kakailanganin mong bayaran pati ang reconnection fee (na maaring magkahalaga ng 300 pesos pataas) sakaling gusto mong ituloy ang paggamit ng serbisyo nila. Kaya magbayad bago ang due date para maiwasan ang mga karagdagang gastos na wala naman sa budget.

7. Kumain sa bahay.

Magluto at kumain sa bahay. Ang madalas na pagkain sa fastfood at restaurants ay malaking karagdagan sa gastos mo. Tandaan mo na kahit na limampong piso lang ang spaghetti sa isang fastfood chain maari ka makaluto nito sa bahay sa halagang maliit pa sa bente pesos. Hindi mo kailangan maging isang professional cook para magka-fried chicken and rice na ino-offer rin ng paborito mong fastfood chain. Sa loob ng labing limang minuto, kakayanin mo magluto ng fried chicken sa bahay, kasing tagal ng paghihintay mo sa mahabang pila sa fastfood chain.

8. Mag-save bago gumastos.

Kalimitan ang una nating ginagawa matapos matanggap ang ating sahod ay ang mag-shopping at mag-grocery, bayaran ang mga dapat bayaran at kung may matira ay yon ang ating ipon. Dapat nating baguhin ang gawing ito. Savings mauna bago ang mga dapat bayaran at kung ano ang matira, yun ang dapat pagkasyahin para sa pang-shopping at pang-grocery. Mahalaga na i-prioritize ang savings bago ang ibang gastos.

9. Gumawa ng “Walang Gastos” Challenge

Maganda itong paraan para baguhin ang iyong mga gawi sa paggastos. Bukod sa pagkakaroon ng masmagandang spending habits, mapapalaki mo rin ang iyong ipon ng masmabilis. Isali ang iyong mga kapamilya o kaibigan para masmaging masaya ang “Walang Gastos” Challenge.

10. Maglakad

Kung ikaw ay nakatira sa mga lugar sa Pilipinas na maraming tao gaya ng Manila, Makati o Cebu. Maglakad, papunta sa iyong destinasyon. Makakabawas ito sa iyong gastos sa paggamit ng taxi at sa gastos sa gym fees. Kalimitang nakadaragdag sa gastos ang traffic na mararanasan sa mga lugar na nabanggit dahil kalimitan humihingi ng dagdag bayad ang mga taxi driver. Maglakad at iwasan ang pagbabayad ng additional fees para sa iyong transportasyon.

 

11. Magkaron ng iba’t ibang accounts.

Wag lamang magkaroon ng isang checking account, kumuha rin ng savings account. Kalimitan ang savings accounts ay mayroong masmalaking interest na kinikita. Mababawasan rin ang iyong paggastos sa savings account dahil ito ay may ‘withdrawal restrictions’ at nangangailangan mag-maintain ng minimum balance. May mga savings account rin na di nagbibigay ng ATM card, kaya di magiging madali para sa’yo magwithdraw ng pera. Bibigyan ka nito ng oras para makapag-isip kung talaga bang kailangan mong bilhin ang isang bagay at hindi ka lamang napapabigla ng pagbili.

12. Maghanap ng iba pang pagkakakitaan.

Isa sa magandang paraan para mapalago ang personal savings mo ay ang pagpapalago ng kita mo. Bakit? Dahil kahit na anong pagtitipid ang gawin mo hindi maiiwasan na kailangan mo pa rin gumastos. Maari mapalaki ang iyong kita sa madali at simpleng mga paraan, gaya ng over-time pay. Kung nagbibigay ang kumpanya nyo ng over-time pay, magtrabaho ka sa libre mong oras. Kung hindi naman, maari ka rin maghanap ng pangalawang trabaho, magtrabaho sa gabi o kaya naman sa weekends. Maari ka rin magdrive para sa Grab, sumulat ng articles, o magturo ng ibang lingwahe online. Marami kang pwedeng gawin para kumita ng extra money nang mapalaki ang iyong personal savings.

Maraming paraan para mapalaki ang iyong Personal savings, ang labing dalawang nabanggit ay ang ilan lamang paraan para mapabilis ang iyong pagiimpok. Kung mayroon ka pang ibang paraang naiisip para sa mabilis na pagpapalaki ng personal savings, ibahaggi ang iyong ideya sa comment section.

Laurent Dionisio

PS1. Do You Want To Double Your Money? Do You Want To Retire Early with P100 Million? Check this out –> Ascend University

PS2. Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

PS3. Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

The post 12 Simpleng Paraan Para Mapalaki ang Iyong ‘Personal Savings’ appeared first on Pinoy Financial Planning.

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When it comes to personal finance, how do you deal with your money? Do you hand it to a type of money broker or handle your own business? It can be a difficult choice as investing can be dangerous when you’re putting all your eggs in one basket. You have to consider many factors when it comes to personal finance, and this article will help you decide on how to deal with your finances.

Yes, you can go any number of ways with your money, however, you must consider some factors too which will be explained further. How you make your money is as important as saving it. You can make as much saving money and putting it into a savings account or COD, and then let the interest accrue.

In addition, you also do not want to spend frivolously and create a grand amount of debt, then struggle to get out of it. Once you are in debt, climbing out can be like a battle you just can’t win anymore. You can feel like giving up and not having the life you truly deserve. Spend wisely and do not get cars, houses, and other material objects of desire until you are financially stable to do so. To guide you through, below are the risks in investing that you should be familiar with.

5 Major Risks in Investing

1. Market Risk

Market risk refers to the risk that an investment may face due to fluctuations in the market. The risk is that the investment’s value will decrease. Also known as systematic risk, the term may also refer to a specific currency or commodity.

So when considering your finances, you must first consider the risks in the market. These are situations that no one has any control over. You have to take the good with the bad and make decisions wisely. There are some things you must concern yourself with. These include the risk that the exchange rates of foreign currency will change quickly. They can go up and down without notice.

Then, you also have to be aware of equity risks and the basic share prices changing.

The risk that the commodity shares that you bought will change. This includes material objects and supplies. Interest rates can fluctuate drastically causing your finances to do the same as well. Another one is that inflation which raises the prices overall in a market causing people not to purchase these items.

2.Liquidity Risk

One thing that must be considered in the financial market is the liquidity risk. This means that the commodities that you have cannot be gotten rid of quickly enough of the market price which is affected greatly. It mostly happens when no one in the market for a specific period of time wants to trade for the asset that you have. A business can lose liquidity if their credit score goes down significantly and quickly. Unexpected amounts of cash going out of the business can also make other businesses nervous to deal with them.

3.Credit Risk

When you invest in a company or share of the market, you always want to make sure you are dealing with credible agencies and check the credit scores of those you deal with. Those you invest in many may default on their required payments leaving your money at risk. There are some reasons for losses that you should know. For instance, someone can fail to pay on a due mortgage or credit card.

To add, a business does not pay a bill when it is due. It can also have a floating charge debt. Another thing is that bank will not return money to its consumers for some reasons. We also have a policy of insurance that is refused to be paid. How about the government bonds not paying out when they are due?

In the case of dealing with foreign countries, you may have to worry also about the assets being frozen or lost during transfer. That’s why you have to make sure that you only deal with countries which are politically stable.

4. Interest Rate Risk

This is impacted by many factors. If you have bonds, and this doesn’t involve stocks so much, the interest rate on them can vary significantly. When interest rates rise, bond values start to fall because those who invest want to switch immediately to something more popular at the moment. This is always risky as changing your investments constantly really can wreak havoc on your finances.

If you have fixed income securities, a rise in the market rate puts those fixed income financial investments at a possible risk. If it is a fixed rate when the market rises, your fixed income securities can decline as newer higher rate businesses are getting the high market value at the moment.

5. Longevity Risk

People are living longer and having more vibrant lives in their golden ages. They are living long and happy, but this isn’t great for financial companies. Most of them are outliving their savings and living on a few thousand monthly from their social security. With the number of the elderly living longer, they’ll need more financial assistance somewhere.

As a result, companies have to pay for their retirement much longer than expected. If someone gets retirement from 65 to 95, that is 30 years. Retirement didn’t cost a company nearly as much when someone only lived to 77. This costs everyone money, and the financial industry is taking a huge hit because of it. That’s why life expectancy is a big factor to say.

Conclusion

The financial planning world sure sounds complicated, doesn’t it? Does it leave you feeling

bewildered and nervous about investing at all? It can be a very scary concept putting your money into investments and companies that may be only a pipe dream in a year and only to know that you have lost it all. Think about everything carefully before you make any decisions and give your money away. Your money should make you money and that is what this guide is about.

Be smart in investing. But the question is, are you willing to take the risks?

Laurent Dionisio

PS1. Do You Want To Double Your Money? Do You Want To Retire Early with P100 Million? Check this out –> Ascend University

PS2. Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

PS3. Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

The post 5 Major Risks in Investing appeared first on Pinoy Financial Planning.

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Gusto mo bang paghandaan ang future mo?

May pera pero hindi alam kung saan dadalhin?

O kaya naman ay gustong palaguin ang maliit na ipon?

May sagot ako dyan!

Ito ang sampung (10) paraan para palaguin ang iyong pera sa paraang nababagay para sa’yo.

1. Pag-ibig / SSS Investment Program

Walng alam sa stocks? Sa bonds? O kahit sa mutual funds? Wag mag-alala ang Pag-ibig at SSS Investment Program ay napakadali at napakaligtas na investment para sa’yo.

Napakadali: Dahil sa halagang limang daang piso (Php500) o isang libong piso (Php1,000) maari ka nang magsimulang mag-invest sa Modified Pag-IBIG 2 (MP2) at SSS Personal Equity and Savings Option (P.E.S.O. Fund). Ang maganda pa rito, wala masyadong kakailanganin para makasali. Kailangan mo lang maging rehistradong miyembro ng PAG-IBIG at SSS.

Napakaligtas: Dahil pareho itong garantisado ng ating gobyerno, napakababa nang tiyansa na mawala ang perang iyong ininvest.

2.  Insurance

Gusto mo ba paghandaan ang future ng mga mahal mo sa buhay? Term Insurance ang para sa’yo! Ang perang ilalagak mo sa insurance ay maaring mong magamit kung sakaling may mangyari sa iyong mahal sa buhay o kaya naman ay bilang isang investment. Ang isa pang kagandahan ng ibang insurance ay kung sakaling lalabis ang iyong bayad sa premium ng iyong insurance, ito ay madaragdag sa iyong ‘accumulated funds’ na maari mong magamit sakaling may biglaang pagkakagastuhan. At wala kang interest na kailangan bayaran! Maari ka nang makapag-avail ng insurance sa halagang Limang libo piso (Php5,000).

Source: http://www.moneytalkph.com/insurance/top-10-life-insurance-companies-in-the-philippines-for-2014/

3. Peer-to-Peer Lending / Micro-lending

Mahiyain ka ba? Mahina ba ang loob mo maningil ng utang lalo na kung sa mga kakilala mo? Wag ka mag-alala, pwede ka pa rin sa P2P o Micro-lending, sa tulong ng mga online companies! Ang mga online companies na ito ang tutulong sa’yo para makahanap ng mga taong nangangailangan ng pera. Kadalasan na sa mga P2P lumalapit ang mga nangungutang dahil masmababa ang interest rate na binibigay nila habang ikaw na nagpapautang ay kumikita pa rin. Sa halagang isang libo dalawang daan at limampong piso (Php1,250) maari ka nang magsimulang magpautang; ito ay maaring mabago batay sa online company na gamit.

4. Forex Trading

May kamag-anak o kapamilya sa ibang bansa? Subukan mo ‘to! Ang pagpapalit ng piso sa dolyar, ng piso sa euro, ng piso sa yen atbp. Maari kang kumita sa pagtaas o pagbaba ng halaga ng piso kontra sa dolyar (usd). Sa halagang limang libong piso (Php5,000), maari ka nang humanap ng broker mo.

 Source: http://androidbooth.com/best-forex-trading-apps-android/

5. Small Business

May kakaiba ka bang mga ideya? O hilig na maaring pagkakitaan ng pera? Wag matakot at simulan mo na! Kung hilig mo ang gumuhit o magpinta, ibenta ang iyong mga obra online. Kung mahilig sa fashion, pede ka magbigay ng advise online. Mahilig ka magluto, magtayo ng pop-up restau at mag-advertise online. Ang kagandahan ngayon, hindi mo na kailangan ng malaking puhunan para magtayo ng business dahil sa halagang limang libong piso (Php5,000) pwede ka nang magsimula ng business at maging milyonaryo!

Kung kailangan ng karagdagang puhunan maaring lumapit sa iba’t ibang financial institutions ex. Banks.

Source: http://startwiththeboss.com/funding-small-business-start-up-wilmington-nc/

6.Mutual Funds

Walang alam sa stocks? Ayaw ng mataas na risk? Simulan ang pagiinvest sa mutual funds. Ano ba ng mutual funds? Sa mutual funds, ang pera ng iba’t ibang investors ay pinagsasama-sama ng isang fund manager at kanya itong ini-invest sa stocks, bonds at money market funds. Dahil mga eksperto ang hahawak ng iyong pera makakasiguro ka na lalago ang iyong salapi! Masbaba ang risk nito kaysa sa stocks at cryptocurrency, ngunit masmababa rin ang pangako nitong kita. Sa halagang limang libong piso (Php5,000) maari ka nang mag-invest sa mutual funds.

Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

7.Stocks

Ito ang kadalasan mong maririnig kapag pinaguusapan ang investment, hindi ito katakataka dahil kung tama ang pagiinvest mo ay talaga namang kaya nitong palaguin ang pera ng mabilisan. Walang alam sa stock? O, wag matakot! Madali lang matutunan ang stocks. Maraming online videos at articles na maari mong mapanuod at mabasa sa internet. Kung gusto mong mapagaralan ang stocks sa maskomprehensibong paraan, maari rin mag-enroll sa mga online courses o kaya umattend ng seminars ng PSE. Kung natatakot ka pa rin, may mga kumpanya tayong tinatawag na ‘blue chipped’ companies gaya ng Jollibee, SM PrimeHoldings, at BDO. Ito ang mga kumpanya na ayon sa mga financial advisers ay may mababang tiyansa ng pagkalugi. Sa halagang limang libong piso (Php5,000) maari ka nang magsimulang bumili ng stocks.

Source: https://www.panaynews.net/psei-recovers-marginally-after-consecutive-losses/

8. Cryptocurrency

Kung malakas ang loob mo at may pagka-techy ka, ito ang bagay sa’yo. Ano ba ng cryptocurrency? Ito ang perang ginagamit ng mga tao sa internet kapag nakikipagtransaksyon. Ang isa sa mga kagandahan ng cryptocurrency ay gumagamit ito ng cryptography para sa seguridad ng mga gumagamit nito. Dahil rin dito, hindi nababantayan ng gobyerno ang iyong salapi. Isa ito sa mga investment na may malaking tiyasa nang pagkalugi ngunit  may pangako rin na mabilis at malaking  kita. Kung balak mag-invest sa cryptocurrency, tiyakin na may sapat na kaalaman, marami ang cryptocurrency scams sa internet.

Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

9. Real Estate

Pinaghahandaan mo ba ang future mo? Kung, oo, tiyak na kailangan mo ng bahay at lupa! O, wag magalala, afford mo ‘to. Sa halagang dalwang libo hanggang tatlong libong piso (Php2,000-3,000) kada buwan (installment paments), maari ka nang makapagmayari ng sarili mong bahay. Maghanap lamang ng mga foreclosed properties na maaari mong mabili. Saan kamo? Sa lahat ng kumpanya na nasasakop ng Special Purpose Vehicle Act of 2002 ex. Banks, SSS and Pag-ibig. Kaya punta na sa mga property auctions!

10. Ikaw!

Mag-invest sa sarili. Wala pa rin tatalo sa pagkakaroon ng aking galing at talino. Patuloy na mag-aral nang magkaroon ng maraming talento at  kaalaman. Sa panahon ngayon, kung saan mataas ang kumpetisyon sa iba’t ibang larangan at industriya, tiyak na makakatulong sa’yo ang pagkakaroon ng karagdagang kaalaman, diploma, o sertipiko. Kung kaya mo, mag-enroll sa Masters at Doctorate. Kung kakaunti ang budget, humanap ng scholarship. May mga kumpanya na handang mag-invest sa kanilang mga empleyado kaya nagbibigay sila ng assistance. Kung kakaunti ang oras, maari naman kumuha ng online courses o kaya naman ay umattend ng seminars. Kung parehong kakaunti ang budget at oras, magbasa ng libro o manuod ng videos habang nasa byahe o nasa lunch break.

Tandaan: Kapag naginvest ka sa sarili, di ka malulugi!

Laurent Dionisio

PS1. Do You Want To Double Your Money? Do You Want To Retire Early with P100 Million? Check this out –> Ascend University

PS2. Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

PS3. Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

The post Mag-ipon at Kumita: 10 Paraan Para Palaguin ang Iyong Pera appeared first on Pinoy Financial Planning.

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Gusto mo bang paghandaan ang future mo?

May pera pero hindi alam kung saan dadalhin?

O kaya naman ay gustong palaguin ang maliit na ipon?

May sagot ako dyan!

Ito ang sampung (10) paraan para palaguin ang iyong pera sa paraang nababagay para sa’yo.

1. Pag-ibig / SSS Investment Program

Walng alam sa stocks? Sa bonds? O kahit sa mutual funds? Wag mag-alala ang Pag-ibig at SSS Investment Program ay napakadali at napakaligtas na investment para sa’yo.

Napakadali: Dahil sa halagang limang daang piso (Php500) o isang libong piso (Php1,000) maari ka nang magsimulang mag-invest sa Modified Pag-IBIG 2 (MP2) at SSS Personal Equity and Savings Option (P.E.S.O. Fund). Ang maganda pa rito, wala masyadong kakailanganin para makasali. Kailangan mo lang maging rehistradong miyembro ng PAG-IBIG at SSS.

Napakaligtas: Dahil pareho itong garantisado ng ating gobyerno, napakababa nang tiyansa na mawala ang perang iyong ininvest.

2.  Insurance

Gusto mo ba paghandaan ang future ng mga mahal mo sa buhay? Term Insurance ang para sa’yo! Ang perang ilalagak mo sa insurance ay maaring mong magamit kung sakaling may mangyari sa iyong mahal sa buhay o kaya naman ay bilang isang investment. Ang isa pang kagandahan ng ibang insurance ay kung sakaling lalabis ang iyong bayad sa premium ng iyong insurance, ito ay madaragdag sa iyong ‘accumulated funds’ na maari mong magamit sakaling may biglaang pagkakagastuhan. At wala kang interest na kailangan bayaran! Maari ka nang makapag-avail ng insurance sa halagang Limang libo piso (Php5,000).

Source: http://www.moneytalkph.com/insurance/top-10-life-insurance-companies-in-the-philippines-for-2014/

3. Peer-to-Peer Lending / Micro-lending

Mahiyain ka ba? Mahina ba ang loob mo maningil ng utang lalo na kung sa mga kakilala mo? Wag ka mag-alala, pwede ka pa rin sa P2P o Micro-lending, sa tulong ng mga online companies! Ang mga online companies na ito ang tutulong sa’yo para makahanap ng mga taong nangangailangan ng pera. Kadalasan na sa mga P2P lumalapit ang mga nangungutang dahil masmababa ang interest rate na binibigay nila habang ikaw na nagpapautang ay kumikita pa rin. Sa halagang isang libo dalawang daan at limampong piso (Php1,250) maari ka nang magsimulang magpautang; ito ay maaring mabago batay sa online company na gamit.

4. Forex Trading

May kamag-anak o kapamilya sa ibang bansa? Subukan mo ‘to! Ang pagpapalit ng piso sa dolyar, ng piso sa euro, ng piso sa yen atbp. Maari kang kumita sa pagtaas o pagbaba ng halaga ng piso kontra sa dolyar (usd). Sa halagang limang libong piso (Php5,000), maari ka nang humanap ng broker mo.

 Source: http://androidbooth.com/best-forex-trading-apps-android/

5. Small Business

May kakaiba ka bang mga ideya? O hilig na maaring pagkakitaan ng pera? Wag matakot at simulan mo na! Kung hilig mo ang gumuhit o magpinta, ibenta ang iyong mga obra online. Kung mahilig sa fashion, pede ka magbigay ng advise online. Mahilig ka magluto, magtayo ng pop-up restau at mag-advertise online. Ang kagandahan ngayon, hindi mo na kailangan ng malaking puhunan para magtayo ng business dahil sa halagang limang libong piso (Php5,000) pwede ka nang magsimula ng business at maging milyonaryo!

Kung kailangan ng karagdagang puhunan maaring lumapit sa iba’t ibang financial institutions ex. Banks.

Source: http://startwiththeboss.com/funding-small-business-start-up-wilmington-nc/

6.Mutual Funds

Walang alam sa stocks? Ayaw ng mataas na risk? Simulan ang pagiinvest sa mutual funds. Ano ba ng mutual funds? Sa mutual funds, ang pera ng iba’t ibang investors ay pinagsasama-sama ng isang fund manager at kanya itong ini-invest sa stocks, bonds at money market funds. Dahil mga eksperto ang hahawak ng iyong pera makakasiguro ka na lalago ang iyong salapi! Masbaba ang risk nito kaysa sa stocks at cryptocurrency, ngunit masmababa rin ang pangako nitong kita. Sa halagang limang libong piso (Php5,000) maari ka nang mag-invest sa mutual funds.

Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

7.Stocks

Ito ang kadalasan mong maririnig kapag pinaguusapan ang investment, hindi ito katakataka dahil kung tama ang pagiinvest mo ay talaga namang kaya nitong palaguin ang pera ng mabilisan. Walang alam sa stock? O, wag matakot! Madali lang matutunan ang stocks. Maraming online videos at articles na maari mong mapanuod at mabasa sa internet. Kung gusto mong mapagaralan ang stocks sa maskomprehensibong paraan, maari rin mag-enroll sa mga online courses o kaya umattend ng seminars ng PSE. Kung natatakot ka pa rin, may mga kumpanya tayong tinatawag na ‘blue chipped’ companies gaya ng Jollibee, SM PrimeHoldings, at BDO. Ito ang mga kumpanya na ayon sa mga financial advisers ay may mababang tiyansa ng pagkalugi. Sa halagang limang libong piso (Php5,000) maari ka nang magsimulang bumili ng stocks.

Source: https://www.panaynews.net/psei-recovers-marginally-after-consecutive-losses/

8. Cryptocurrency

Kung malakas ang loob mo at may pagka-techy ka, ito ang bagay sa’yo. Ano ba ng cryptocurrency? Ito ang perang ginagamit ng mga tao sa internet kapag nakikipagtransaksyon. Ang isa sa mga kagandahan ng cryptocurrency ay gumagamit ito ng cryptography para sa seguridad ng mga gumagamit nito. Dahil rin dito, hindi nababantayan ng gobyerno ang iyong salapi. Isa ito sa mga investment na may malaking tiyasa nang pagkalugi ngunit  may pangako rin na mabilis at malaking  kita. Kung balak mag-invest sa cryptocurrency, tiyakin na may sapat na kaalaman, marami ang cryptocurrency scams sa internet.

Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

9. Real Estate

Pinaghahandaan mo ba ang future mo? Kung, oo, tiyak na kailangan mo ng bahay at lupa! O, wag magalala, afford mo ‘to. Sa halagang dalwang libo hanggang tatlong libong piso (Php2,000-3,000) kada buwan (installment paments), maari ka nang makapagmayari ng sarili mong bahay. Maghanap lamang ng mga foreclosed properties na maaari mong mabili. Saan kamo? Sa lahat ng kumpanya na nasasakop ng Special Purpose Vehicle Act of 2002 ex. Banks, SSS and Pag-ibig. Kaya punta na sa mga property auctions!

10. Ikaw!

Mag-invest sa sarili. Wala pa rin tatalo sa pagkakaroon ng aking galing at talino. Patuloy na mag-aral nang magkaroon ng maraming talento at  kaalaman. Sa panahon ngayon, kung saan mataas ang kumpetisyon sa iba’t ibang larangan at industriya, tiyak na makakatulong sa’yo ang pagkakaroon ng karagdagang kaalaman, diploma, o sertipiko. Kung kaya mo, mag-enroll sa Masters at Doctorate. Kung kakaunti ang budget, humanap ng scholarship. May mga kumpanya na handang mag-invest sa kanilang mga empleyado kaya nagbibigay sila ng assistance. Kung kakaunti ang oras, maari naman kumuha ng online courses o kaya naman ay umattend ng seminars. Kung parehong kakaunti ang budget at oras, magbasa ng libro o manuod ng videos habang nasa byahe o nasa lunch break.

Tandaan: Kapag naginvest ka sa sarili, di ka malulugi!

Laurent Dionisio

PS1. Do You Want To Double Your Money? Do You Want To Retire Early with P100 Million? Check this out –> Ascend University

PS2. Do you want to be a Bitcoin and Cryptocurrency Millionaire? Watch this > PinoyCryptoMasterplan

PS3. Do you want to know more about Mutual Fund Investing? Check this video presentation now –> Mutual Funds Investing

The post Mag-ipon at Kumita: Ang ‘Investment’ Na Babagay Sa’yo! appeared first on Pinoy Financial Planning.

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