A friend asked me one time how does she know the amount of money she needs upon retirement. I answered her, I am not an expert but it is really based on assumptions and then we came up with the scenario below. Assuming, I will retire by age of 65 I will spend 2,000S$ (roughly 66k Php) monthly or 24,000S$ (~ 792k Php) annually I will live until the age of 85 I don’t have any investment and no source…
In a way, we are our sabotaging ourselves from getting rich by having bad debt. Sometimes, having debt feels like we are in a bondage and we are left with little choices in pursuing our passion vs continuing with our mundane job. So, I want to share with you some tips to help you eliminate debt, especially bad debt due to consumables, which at the end of the end of the day will give us more freedom to choose how…
I love to travel – exploring something new, absorbing the sights and sounds of a new place, eating the local food, and enjoying the local beer. My bucket list is so long I don’t even don’t know where to begin. Travelling is challenging given the limited vacation leave, difficulty of finding a good travel buddy you are in sync with, having a travel buddy that has conflicting schedule with yours, or worse limited budget. I want to share with you…
Photo courtesy of Rex Holgado October 3 marked another milestone for TGFI Singapore. It was the first time that we had an open forum about Personal Finance where 15 people from different walks of life shared their thoughts and experiences about the following topics: Luxuries, Financial Education, Budgeting, Savings, Emergency Fund, Philhealth/SSS/Pag-Ibig, Diversification, Financial Monitoring and Tithing/Outreach Programs. Initially, I was hesitant to join as I was running late from another appointment and also because I knew I had to…