How I make money while sleeping

When a corporation makes money or profits from its business, it is required by law to declare dividends (out of its unrestricted unretained earnings) to its shareholders, the owners of the business. … More How I make money while sleeping

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The Emergency Fund: Cheap price to pay for your peace of mind

In between the house and that trip to the doctor’s clinic, my thoughts turned to morbidity and the short length of our lives. If this lump turns out to be fatal, would I have time to enjoy my million? We work so hard and sacrifice so much, it would be such a shame to die early and be unable to enjoy the fruits of our hard work. … More The Emergency Fund: Cheap price to pay for your peace of mind

My first million

While writing my last net worth update, I noted that I had Php 41,330.85 to go before I made a million. I estimated that it may take me a few more months before then. I wishfully hoped that I made my million at least before I get married or before I turn thirty. … More My first million

The Millenial Urban Poor

There is a new kind of poverty that is rising among millenials. According to this story, millenials are spending more to look good, appear on trend and appear full, rather than buying more food to actually feel full. Looks and the appearance of eating at nice restaurants, while literally starving for most of the day, is given more value. Thus, most working millenials end up starving and broke. … More The Millenial Urban Poor

Lifestyle Inflation / It’s not how much you make, but what you save that matters

A question was posed by a young, single professional guy working in manila, in an online forum. He asked, can he live on a PhP 20,000.00 (roughly USD 425.00) monthly salary*? He wants to buy a condo, a car and save for his retirement. There were mixed responses. … More Lifestyle Inflation / It’s not how much you make, but what you save that matters

Why playing yolo with money isn’t the way to go

I’m sad to see that most millenials and young Pinoys have fallen prey to the so-called yolo lifestyle. The motto, you only live once (“yolo”) is used to justify throwing caution to the wind and rearranging priorities, putting experiences ahead of the basic needs for food, shelter and clothing. Many end up going on their international adventures, charging plane tickets and hotels to their credit cards, all while presenting credit card statements to support visa applications at embassies (when did debt ever become proof of assets?). A lot of young Pinoys, including young lawyers, must delay certain typical milestones in life such as marriage, buying a home and living on their own because they have not saved enough money despite their perceived high incomes. … More Why playing yolo with money isn’t the way to go