Journey to Financial Freedom

I would like to share on this page some tips and information on how to become financially independent. I will also share my personal finance journey hopefully to inspire others and to show that if the RICH can do it, WE can do it too.

NET WORTH UPDATE: OCTOBER 2017 – 335,000 PHP

This is an update of my net worth this October after my first one in July. It didn't increase which I hoped for. It actually did the opposite. * sad face* But it was not surprising to me because I know that my savings have diminished affecting largely my total assets....

12 Ways to Practice Minimalism in Your Life

I recently posted an article about how and why I follow the principle of minimalism in my life. After watching the documentary entitled Minimalism: A Documentary About the Important Things, I have gained more insights and it made my belief stronger. In addition to...

My Practice of Minimalism Because “Less is More”

I can’t believe that I have been following the principle of minimalism for years without really intending to do so. It all started when I was cleaning and organizing my clothes in my closet but discovered that there are no spaces for it. In order to solve the problem,...

10 Tips to Avoid Overspending When Shopping

Overspending is a common problem why people can’t start saving especially when clothes shopping. This is particularly true for women who strive to look pretty and feel comfortable with the clothes they wear. I, myself have challenges overspending when shopping...

Investing in Stock Market is Real!

I am still a newbie in investing in the stock market. However, I would like to give you an update about my most recent sold stock, AC or Ayala Corporation. This is my first sold transaction at COL Financial, my broker so please excuse my excitement. I was not only...

How to Open COL Account (Stock Market) Abroad for OFW

Investing or trading in the stock market is an option for people to build up their money in a short or long period of time. There are still a lot of people who are doubtful of the stock market or they’re scared of taking the risk of putting their money on it. Well,...

5 Reasons Why I Invest in the Stock Market

It was cited that only about 1% of Filipinos population are investing in the stock market in the country. Why do you say only a few Pinoy invest? There are several reasons why. First is because we were not educated and taught about it in school. There is this...

How to Register and Activate your BPI Online Banking Abroad

  This article is the second part of my previous post, the Convenience of BPI Online Banking for Filipinos Abroad. I thought it will be helpful for some of our fellow Filipinos abroad who have an account with BPI and wanted to access their accounts online. BPI online...

The Convenience of BPI Online Banking for Filipinos Abroad

More and more banks have now upgraded its services. A very good example is the bank machines which we can withdraw, deposit, pay bills, update passbook and more. Gone are the days when we have to get a priority number and wait for hours before we can make a...

Why Life Insurance is Important for Everyone to Have

Most people are skeptical when they hear about insurance for a number of reasons. I myself was doubtful at first too. The first reason is that people don’t know that life insurance exists. Or they know about it but they only know the negative information. Insurance...

Why and How You Should Avoid Having Bad Debts

Before I start this post, I would like to be clear about the two kinds of debts because not all debts are bad. There is what we call "good debts". These are debts that will pay for itself in the future. It will generate income that will benefit you in the long run....

My Frugal Way of Life On Saving Up my First 100,000 PHP

Being frugal or “kuripot” is my most effective way of putting up my Savings Fund. There is a lot of misconceptions about saving such that only people with high salary can save up money. It’s definitely not true. With a salary of as low as 10,000 PHP, a person can make...

I Bought My First Stock Today!

Today, I am ecstatic to share with you guys my first experience of buying my first stock. I have been waiting for this day since I passed my application forms to COL Financial last month. They emailed me to confirm my account and to deposit an amount with a minimum of...

How My Savings Fund Helped Me after I was Laid Off from Work

I hope I have emphasized enough the importance of building up a savings fund or emergency fund in my previous posts. It should be one of the priorities to becoming financially independent. Financial experts recommend saving at least 3-6 months worth of your living...

3 Possible Ways of Earning Money by Working Online

Do you want to increase your income because the salary you're getting from your regular job is not enough for you or your family's needs?If yes, here are the ways I increased my income by working online and maybe you can apply it too. Increasing your income will help...

How to Start Saving Up for the Rainy Days?

I’m sure you have heard of the fable “The Ant and the Grasshopper” which tells us the lesson that it’s best to prepare for the days of need. And we know that the hero of the story is the ant. However, why is it that most of the people still have no or little savings?...

NET WORTH UPDATE: JULY 2017 – P346,270

What is your worth? In finance, this question simply asks about your net worth. According to Wikipedia, net worth or wealth is the value of all the non-financial and financial assets owned minus the value of its outstanding liabilities. Examples of assets are savings...

What Does It Mean to be Financially Free?

My dream is to be financially free by the age of 40. But, what does it mean? According to Wikipedia, Financial Freedom/Independence is the state of having sufficient personal wealth to live, without having to work actively for basic necessities. Each individual can...

5 Easy Steps How To Open a FAMI Mutual Fund Abroad

DISCLAIMER: This article is not intended to promote FAMI or any other financial institutions but to share my own experience about the mutual fund as a newbie investor. As part of my dream to be financially free by the age of 40, I have decided to open a mutual fund...

Why SAVING is so Difficult for OFWs to do?

Saving is never easy to do but spending is. It is the same to all even to the Filipinos working abroad. You would expect that when a certain Filipino moved and worked abroad, that fellow will have tons and tons of kwarta (money). Of course, it may be real to some of...

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