It’s been a few months since COVID-19 started ravaging the world and unfortunately, the end is not yet in sight. We don’t know when everything will go back to normal. We’re not sure IF things will go back to normal. Financially speaking, a lot of people are struggling due to loss of income and I think it’s just going to be worse from here on out. Many of us are getting by because we’re prepared for emergencies; more are not as fortunate. During the past few months I’ve been observing, talking to real people, and participating in online
I was so glad when I found out that my reading audience is divided almost evenly between men and women. I find this encouraging because to me, this signals that more Filipinas are increasingly taking control of their financial futures. I also want to mention that the most engaging and informative finance blogs in the Philippines are written by women, some of which are included in my list of the best financial blogs in the Philippines for 2020, posted here. Still, the fact remains that the most popular personal finance advice both online and offline overlook the specific needs and
Now that the entire world is being ravaged by the novel coronavirus, I feel paralyzed. Although we felt the effects of the COVID-19 epidemic here in South Korea ahead of the rest of the world (with the exception of China), I wasn’t as scared then as I am now. Now that the epidemic have reached almost all parts of the world including the Philippines, I’m like a deer caught in the headlights. I don’t know what to do, I can’t focus on tasks, I’m scared for humanity. I’m scared for my loved ones back home. I’m scared for my child.
As you may have noticed, the world has gone absolutely insane in the past three months. Since the start of the year, the stock markets I’ve been investing in were on a downward spiral due to the COVID-19 epidemic. Millions of people are in lockdown and still no cure or vaccine in sight. I read how the Spanish flu killed millions in 1918-1920 and I hope I’m wrong but what’s going on right now has the same energy. So what I’m saying is, worrying about the decreasing value of my retirement portfolio seems asinine at this moment, especially given the
I received so many messages from people who want to put money away for retirement but are hesitant to invest in the stock market for different reasons. Many simply don’t know how, while others are scared of the stock market’s volatility. Luckily for us Filipinos, the government is implementing programs to help those who want to prepare for retirement. So far, we have the Personal Equity and Retirement Account or PERA, the SSS Flexi Fund for overseas Filipino workers, SSS PESO Fund for all SSS members, and Pag-IBIG MP2. In this article, I will compare two of these government-backed investment
When you ask Koreans which place you should visit if you’re interested in their country’s history, they would unanimously tell you to go to Gyeongju, located in North Gyeongsang Province. Gyeongju was the capital of the Silla Dynasty which ruled the Korean Peninsula more than 2,000 years ago. Then called Seorabeol, it was the center of political and cultural life in the peninsula and home of beautiful Korean Buddhist art originating from Korea’s earliest history. Because of this, the ancient history, art, and artifacts of Gyeongju are distinct from the Joseon heritage that we usually see and experience in
I enjoy reading financial blogs and learning from the experiences and opinions of people who have the same interests as I do. Because I had nobody to teach me how to achieve my financial and investing goals in real-life, I feel a certain connection with people who share their journey to financial independence with the public (and me) through their blogs. I’ve been reading blogs for years and I’ve seen financial blogs come and go. Some showed great promise in the beginning then fizzled out. Some became so popular that their writers moved on to greater and better things like
After opening a Personal Equity and Retirement Account (PERA), our next step is to make sure that we top up our account every year. In this post, I will share three ways to top up your BPI PERA account. Yes, there are only three ways to do it. But before we proceed, in case you’re not familiar with PERA yet, you can read these related posts: What is PERA and Why You Need One Right Now? Ultimate Guide to PERA Investment Instruments 1. Personally visit BPI Buendia Center in Makati If you’re in Metro Manila, the easiest and most straightforward
How much should our investments grow each year? Most of us would answer that our investments should, at the very least, beat inflation. Despite the simplicity of this guideline, many investors do not really understand what it means. Or if we understand what it means, we do not know how to apply it to our investment strategy. For many of us, as long as our investments have positive returns, we’re good. Never mind if the said returns are barely able to cover inflation. In this post, I will reinforce why we should target to beat inflation AND figure out what
Since it’s the start of a new decade, I can’t help but reminisce and look back to the last 10 years, both to see how far I’ve come and to remind myself of how far I need to go. I’ve always been open about sharing with you guys how I grew up in poverty and the reasons why want to achieve financial independence. If you haven’t read that post yet and you’re curious, go to Why I Want to FIRE – A Personal Tale of Early Woes and Awesome Wins. Despite my disadvantaged background, I worked hard to get out of
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