Net Worth Report

My Net Worth at the Beginning of 2019 and Goals for 2019

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My Net Worth as of January 2019 and Goals

I’m a bit nervous about revealing my net worth online because I’m usually a very private person and would rather keep these things to myself.  But if I’m going to commit to my financial literacy advocacy, I think it’s a great idea to write regular net worth updates in this blog. Plus Elizabeth Gilbert (author of Eat Pray Love) told me that I should give myself permission to be more open and start sharing some personal things.   At first I was actually scared to write down my net worth because I felt I didn’t do enough to improve my finances in 2018. Yes, I adapted Dave Ramsey’s Baby Steps into my personal life. But I faced a lot of financial challenges last year, including the months-long hospital stay of a close family member, which I paid for. Also, my parents’ savings were wiped out and their income significantly dropped. […]

PH Government Benefits

What is PERA and why you need one right now

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What is PERA and why you need one right now

Personally, I don’t want to grow old poor. I’m sure you don’t want to be poor when you grow old either. And I bet that nobody in the world ever wants to be old and poor. So in order to help Pinoys prepare to be not poor when they’re old, I will discuss PERA in depth, and why you need one right now.   Retirement planning is a crucial yet regretfully neglected part of financial planning in the Philippines. People usually put off saving for retirement in the last 5 to 10 years of their working lives. Unfortunately, the money they save is not enough, what with all the medical bills, lifestyle adjustments, and inflation eating up the funds only a few short years later. This is, if they’re lucky. Most of the time, people are not able to save up anything for retirement. They have to rely on small […]

Back to Basics

How to Achieve a Total Money Makeover in the Philippines

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How to Achieve a Total Money Makeover in the Philippines

I’ve been trying to follow the financial advice of so-called experts to try to achieve a total money makeover in the Philippines but nothing seemed to stick. Most of the advice I found were either the feel-good touchy-feely type (you have to think positive thoughts to attract wealth), too unrealistic and out of touch with how human beings work (don’t spend on ANY luxury and eat beans and legumes for an entire year), too chaotic and/or unstructured (set aside 20 percent on savings and don’t stress about the rest), or can land you in small claims court (pay yourself first before paying your creditors). These advice may work for other people but not for me. Me, I need structure. I want lists, bullet points, flow charts. I get a kick out of writing to-do lists and then ticking them off. I have an entire shelf of personal finance books in […]