I am currently reading Suze Orman's books and came across this gem of an idea, which we know anyway but tend to ignore:
"Just because you can afford it doesn't mean you should buy it."
iPhone plans are cheap in the Philippines. You can get an LG G2 unit with unlimited data and hours of call-time at 41U$D a month. Clothes are relatively affordable with Guess and Bershka averaging 55U$D per article.
Indeed, temptations are everywhere. But when you wear that little advice around your neck, and recognize that your 50USD (P2000.00), if invested instead, say, in mutual funds or UITFs, can make you financially secure in the long-term, then deferring gratification will come in easy.
Saturday, January 4, 2014
Friday, January 3, 2014
First One (1) Million Peso Savings Challenge!
Getting your first million is pretty straight foward. Save up P2,000 in high yielding, SEC (Securities and Exchange Commission) regulated investment instruments and get your first P1 million in 15 years. You'll see that the total interest earnings amount to P636,598, which means that the total deposits you've made is equivalent to 370,000.
Did you money just get doubled? Remember: It takes 15 years because this form of investment is a safe way to go. Filipinos usually get scammed because of promises of high yields, short time, low risk combinations. Obviously, there is no get rich quick scheme.
If you want to know more about savings and investment alternatives to:
1. Savings account
2. UITF
3. Time Deposits
feel free to send the author an email.
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Horeb Eliot is a licensed financial planner and professor of Political Science (International Affairs).
MERALCO Electricity Hike for December
I think our government failed to take the best interest of the country
at heart. Instead, it relied absolutely on IPPs for power supply. Where
do we find ourselves currently?
The Supreme Court's TRO will eventually evaporate because the government doesn't know what to do if the IPPs scale down electricity supply. There's a reason why they're called 'independent'.
I think we will have to pay anyway albeit in smaller installments this humongous kilowatt per hour increase. TRO is just what it is--temporary.
Here's a link to a band aid solution from the Supreme Court. Thanks to Bayan Muna. We should elect more of them!
The Supreme Court's TRO will eventually evaporate because the government doesn't know what to do if the IPPs scale down electricity supply. There's a reason why they're called 'independent'.
I think we will have to pay anyway albeit in smaller installments this humongous kilowatt per hour increase. TRO is just what it is--temporary.
Here's a link to a band aid solution from the Supreme Court. Thanks to Bayan Muna. We should elect more of them!
Wednesday, January 1, 2014
Starting the Year with a Poem
The Morning Instance
When the heart troubles the mind
Is like a nighttime sky color-streaked by rushing meteorites
That the logic and nightmare from elvish stories
Seem to seep into reality
Of challenges, heartbreaks, and wuthering lies.
To me, when the heart troubles the mind,
Is like a painful catharsis of self-reflection
Which feels just like that morning instance
When the sun rises and hurts your eyes.
When you have to open it nonetheless, and be hurt even more.
And more until you get used to
And sip the confusion of
Logic and reality, heartbreaks and hopes
Of quenching the old and the uncertainty of the new.
/Eliot
When the heart troubles the mind
Is like a nighttime sky color-streaked by rushing meteorites
That the logic and nightmare from elvish stories
Seem to seep into reality
Of challenges, heartbreaks, and wuthering lies.
To me, when the heart troubles the mind,
Is like a painful catharsis of self-reflection
Which feels just like that morning instance
When the sun rises and hurts your eyes.
When you have to open it nonetheless, and be hurt even more.
And more until you get used to
And sip the confusion of
Logic and reality, heartbreaks and hopes
Of quenching the old and the uncertainty of the new.
/Eliot
2014 Call for a Better World
Kindness is free.
Sprinkle that shit everywhere!
For more kindness, empathy, and other-centeredness this 2014!
Sprinkle that shit everywhere!
For more kindness, empathy, and other-centeredness this 2014!
Monday, December 23, 2013
Where does your money go when you invest in Philam Strategic Growth Fund?
Saving in mutual funds is a smart way of making your money work for you. It may sound cliche but what many people do not realize is that mutual fund earnings can offset loan interest rates. For example, you loaned as condo payment 1.8M pesos from the bank at 9% per year, and your mutual fund grows at 17% per year (which is the historical growth rate of Philam Funds), then at the end of the loan tenor, you could have paid the bank interest rate (around 3M) with your mutual fund earnings (around 3.4M)!
There are more to mutual funds than just becoming better off and shaving off loan interests.
Feel free to email the author for financial consultation if you want to know more: horebelliot at yahoo.com
Saturday, December 21, 2013
Investment and Mutual Funds Earnings
Here's a real-life, data driven lesson for everyone.
If you open an investment account (via Colfinancial, Philam, Sun, etc.) worth P5,000, with a cumulative 48% returns in 5 years:
Investment: Your P5,000 will have become P7,400 even while you're sleeping.
Traditional Savings: If you have P5,000 in a bank, after 5 years, you have P5,052.
LESSON: Save up wisely.
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The author is a licensed financial adviser and has a master's degree in Political Science, International Relations. Feel free to reach him via horebelliot @ yahoo.com
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sEntry: The Clutter Junkster
Korea-related posts:
Dedication Post
1) Creature of Habit
2) Hope for Joy
3) Frozen in Time
4) Precious Wound
5) Ironed Fashion
6) My Name is Rain
7) Winning Moment
8) Life on Film
9) I Can't Touch the Things that are True
10) Kaleidoscopic Bibimbapish Post
Post-Korea Stress Syndrome
1) Time in a Bottle
2) For a While
3) Still Single
4) Thesis Acknowledgments
5) A Tribute to the Triad
6) Prince Caspian: A Must See
7) Halo-halo for the Rainy Days
8) Family Reunion
9) Lying is A By-product
10) Gladiators in My Dream
11) Turning a New Leaf
12) Is There a Bane to Being Brown?
13) Serve the People?
14) Lament of a Call Center Agent
15) A Mechalife
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Dedication Post
1) Creature of Habit
2) Hope for Joy
3) Frozen in Time
4) Precious Wound
5) Ironed Fashion
6) My Name is Rain
7) Winning Moment
8) Life on Film
9) I Can't Touch the Things that are True
10) Kaleidoscopic Bibimbapish Post
Post-Korea Stress Syndrome
1) Time in a Bottle
2) For a While
3) Still Single
4) Thesis Acknowledgments
5) A Tribute to the Triad
6) Prince Caspian: A Must See
7) Halo-halo for the Rainy Days
8) Family Reunion
9) Lying is A By-product
10) Gladiators in My Dream
11) Turning a New Leaf
12) Is There a Bane to Being Brown?
13) Serve the People?
14) Lament of a Call Center Agent
15) A Mechalife
Bpath Counter
