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Showing posts with the label finance

Helping OFWs Bridge Financial Gaps

After years of uphill struggle, many OFWs come home to stay into the same financial status and way of life they had before they departed the country. There are many whys and wherefores for such an upshot – their families back home were unable to save, the salary earned out of the country proved inadequate for the family’s mounting necessities, the OFW overseas had so many other trials to deal with such that economic groundwork fall through the cracks, or financial implements abroad simply did not tone with the needs of our fellowmen in other countries. 

With AXA iON, Filipinos abroad who log on to the internet quite often can now access the most basic financial products that can help them secure their financial future in a transparent, easy, and affordable way.

“The internet is playing an ever increasing role in the way we communicate, transact and find information about anything,” Rien Hermans, President & CEO of AXA Philippines said,   “With AXA iON, we now give Filipinos the c…

Thoughts from a Mega Banker: Financial Skills For Fellow 20-ish Pinoy Yuppies

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I may have financial successes and failures at different points in my life but if there is anything I am proud of, it is that I have stuck with my plans even through privations.

I am living frugally now because I have a lot of responsibilities to pay. I’m currently paying off equities for a pre-sold home (at age 23!), mobile data plan, premiums for a life insurance, premiums for a funeral plan (I know right?), saving for future plans (which I am not able to do yet) like finishing my postgraduate studies or travelling and investments like funding my stocks and mutual funds through Citiseconline and FAMI Equity accounts respectively.

I didn't need to wait until I reach the pinnacle of my career years to educate myself towards financial independence. I take it upon myself to learn about personal finance as early as I can even if I am still a rank-and-file employee. Ignorance is the biggest cost we pay, so we have the responsibility to continually educate ourselves in order to prosper…

Thoughts of a Mega Banker: 14 Tips to Outsmart your Credit Card

Working for the biggest financial in North America fortified everything I know about Philippine credit cards. There are better resources online but let me share you what I know about this great financial tool and how you can use it to your advantage and not the other way around.

"The plastic" is very convenient and rewarding to use that is if you know how to use it wisely.

14 Ways to Outsmart your credit card
Always pay it in full based on your "outstanding balance". (Note: not minimum, partial.) This is where we make money from fees like finance, interest, or transaction fees.Get a card which suits your lifestyle. If you are a frequent flyer, then use card that gives you reward like miles. Make sure you get the best deals of the best card. Do not pay for annual fee ever. That is not to say that you don't pay it at all, just ask them nicely over the phone if they could waive it let's say for the first year or the first three years. I made this mistake and so…

Finance Tips for Young Filipinos from a Young Mega Banker

I currently work for North America’s largest mega bank and there is so much we can learn about finance from our developed counterparts. Fear is another concern among us Filipinos young and old alike. But if there is something we have proven the world, it is that we rise significantly from almost anything.

It has been a generally accepted fact the Filipinos loath risk, meaning we tend to dodge risks especially in investing and how we view entrepreneurship. One evidence of which is our huge money in Savings accounts. 

“BSP numbers pegs bank accounts (Savings, Checking & Time Deposits) at about P5 trillion while Special Deposit Accounts (SDA) at approximately P1.5 trillion.”  - MoneySense Philippines - A big lump of the money of the Pinoys is not actually being put in investment vehicles and is not reaching their full potential. While bank accounts are really safe, their earnings are waaaaay below price increases rates on commodities (inflation) which means for every year we keep money…

Making Money Work For You

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The Money Summit and Wealth Expo in Waterfront Cebu definitely blew my mind out of proportions when it comes to money. 

Staying at that ballroom for two days, humbled me and opened a whole new world of opportunities and busted a lot of myths and misconceptions that has hindered me to maximize the power of  these opportunities after all these years.

In a nutshell, I have learned different ways to earn massive, passive income from real business and investment experts themselves. I have learned about Simple Super Strategy for Stocks, How to Become an E-Commerce Super Seller, Quick Profits in Foreclosures, and Getting Started with Multiple Sources of Passive Income. There were a lot of speakers actually with lots more topics but I can only work out a few because of my work schedule.


The focus of this year’s Money Summit and Wealth Expo 2011 is about earning massive passive income. Passive income means earning money that works for you not the other way around. To give you an gist it revolve…