Financial experts all agree that investing a fixed amount regularly is the best way to grow your wealth. Did you know that if you started investing at age 20, you can have Php10 million by the time you reach age 65 just by setting aside Php1895 every month? As you grow older, you’ll need to…
If you were given a choice, what would you pick — P1 Million today or one centavo that doubles every day for the next 30 days? I’ll give you a second to think about it. Ready? There’s no wrong answer because either way you would end up being a millionaire. However, if you chose the…
Here is the actual tuition fee of an exclusive school in Quezon City from 30 years ago. From Php6,000/year in 1990, right now the tuition fee in that school is at Php100,000/year. That’s an annual increase of 10% for the past 30 years. If that trend continues, it will cost you Php400,000/year in 15 years…
This quarantine period has been really tough on our finances—and even the most money-savvy can feel its effects, too. But with the right planning (and a whole lot of faith and “diskarte”), we can still turn things around. To help you map out your financial goals, we’ve prepared this financial time capsule for you to…
Just by looking at the numbers, we know that an 8% rate of return is better than 4%. And that 10% is better than 8%. But what if you want to know how fast your money will double at your current rate? How are you going to compute for that? Fortunately, you can approximate the…
Which Retirement Strategy Works for You?
For first time investors, putting money in the stock market can be an intimidating experience. We often hear things like “How?” or “Where do I start?” Fortunately for us, single-pay variable universal life (SP VUL) is an option available for beginners as well as experienced investors. For almost 2 decades now, SP VUL has been…
Simple Interest vs. Compounding Interest
What’s the difference between simple interest and compounding interest? Say you invest Php10,000 today at a 10% interest rate. With simple interest, you will earn Php1,000 every year (10,000 x 10%) as long as your money is kept invested. And in 5 years, your money plus interest will total Php15,000. That’s because, with simple interest,…
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