You often hear about inflation on TV or read about it in newspapers. However, chances are you don’t really understand what it is all about. Even if you did study economics in college, you would have already forgotten about it. Who cares! You are just too happy to finally have gotten over the course. After all, economics has been constantly voted as one of the most boring subjects ever created.
It all started with lechon manok (roasted chicken). Then, it was followed by shawarma, milk tea, donuts, cupcakes then frozen yogurts. These are just some of the food crazes that hit Manila by storm. A handful of people who invested in such crazes definitely cashed in some profits. Unfortunately, although there were a few gainers, there were more losers. Take shawarma for example, out of all those stores that proliferated in the country in the 80s, almost all already closed their businesses a long time ago.
Putting your money on a low interest savings account is not such a good idea especially if you have big financial goals such as buying a house, sending your kids to college or saving for retirement. The only way to get more money is to make your money work for you by investing it. Investments will generate more money for you in the future through interests and price appreciation. In other words, you invest to create wealth.Read More »
Money has always been a top source of stress for most people. If not addressed, debt and worrying about money can lead to serious physical, emotional and even relationship problems.
How to solve money problems then? There are tons of financial advice that people probably already heard or read about. In fact, most of these advices are simply common sense yet one the greatest mysteries about life is that no one really follows them. It looks so easy to do but for most people, it is very difficult to follow.Read More »
Society has defined success as the attainment of wealth, status and fame. Do you agree with this definition? Using this definition, persons like a CEO of a company, a multi-millionaire, a head of state and a popular actor are all considered successful. But how about a housewife? A skilled carpenter? A public school teacher? Do you still consider these people successful? How about yourself? How do you see yourself? Do you qualify under society’s definition of a “successful” person?
An income is the money that you received from work or from your investments. Without income, you will not be able to pay for your living expenses.
There are two types of income: active and passive income.Read More »
Have you ever wondered whether having a credit card is good or bad for you? For most newbies in their first jobs, getting a credit card is a sign that they are finally independent! It is a cause for celebration and may cause many to eagerly take the irresponsible first swipe.
The New Year is all about changes. It is about taking baby steps that can lead to big improvements in your health, wealth and happiness.
It all started as a niche genre until the Wonder Girls’ hit “Nobody” penetrated the Billboard 100 chart at least eight times in 2009. A few years later, “Gangnam Style” reigned as the most watched video on Youtube with over 3 billion views for five consecutive years. Today, K-pop is a global phenomenon with a price tag of over 5 billion dollars.
Are you constantly worried about money? Are you struggling to meet debt obligations? Do you feel that your salary is not enough to cover your monthly expenses? Are your financial worries so stressful that they are already gravely affecting all aspects of your life including your health and personal relationships?
How many athletes, movie stars, heirs and lottery winners do you know who have gone from filthy rich to flat broke? Although it is hard to create massive wealth, it is even harder to maintain wealth over a long period of time. Whether it is creating or maintaining wealth, the secret behind it is having the correct mentality. The truth is that rich people think differently than the average person. So, if you want to be wealthy, you got to have the correct mindset.