Your Wealthy Mind Author : Ray L.

Bulls, Bears, Bubbles and Recessions? Reading about the Market for Beginners

August 4, 2020 by Ray L. Leave a Comment

Tagalog Version (Click Here)

If you happen to glance over the business section of the news, you’d probably read some articles about how the stock market has been “bearish” lately, there is a bubble in a certain industry, or there’s an upcoming recession predicted by some expert. If you’re interested in learning about investing and the stock market, all that fancy jargon could turn you off as it makes things more complicated than it should be.

Since those kinda words are usually on headlines of business and investing articles, learning what a few of them means should tell you a lot about what’s happening to the market at a glance. Let’s talk a bit about about that here.

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Paano Iwasan ang Mga Online Scams

July 14, 2020 by Ray L. 1 Comment

English Version (Click Here)

*Ang article na ito ay naglalaman ng affiliate links.

Dahil sa covid-19 pandemic, naging mas mapanganib nang lumabas para gawin ang mga dati nating ginagawa, tulad ng pagpila at pagbayad ng mga bayarin sa mga Western Union o BayadCenter branches. Mahalagang matutunan kung paano magbayad ng bills online at paano magpadala at tumanggap ng pera sa internet dahil mas ligtas ito at mas madali.

Sa kasamaang palad, kahit alam nating iwasan ang mga scammers/modus at magnanakaw na nakapaligid sa mga ATM, shopping malls at mataong lugar, maraming Pilipino (lalo na ang mas matatandang henerasyon) ay hindi masyadong maalam sa mga modus o scam na nangyayari online. Narito ang maikling guide tungkol sa kung paano makita at maiwasan ang ilang mga phone at internet scams.

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How to Avoid Phone and Internet Scams

July 9, 2020 by Ray L. 1 Comment

Tagalog Version (Click Here)

*This article contains affiliate links.

Because of the covid-19 pandemic, it’s become more dangerous to go out and do things we once normally did, like line up to pay bills at the nearest Western Union or BayadCenter branch. Learning to pay bills as well as send and receive money online is very important as it helps keep us safe these days, and it’s also far more convenient.

Unfortunately though, while we know how to spot scammers and thieves hanging around ATMs, shopping malls and busy streets, a lot of Filipinos (especially the older generations) don’t know much about the kinds of scams that happen online. Here’s a short guide on how to spot most phone and internet scams.

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Bakit Kailangan Nating Gumawa ng Emergency Fund Account

June 20, 2020 by Ray L. 1 Comment

English Version (Click Here)

Sino ba naman ang magaakala, diba? Sino ang makakaisip (bukod kay Bill Gates) na magkakaroon ng ganito kalalang pandemya na pipigil sa ilang mga bansa, magpapalugi ng libo libong negosyo, at mawawalan ng trabaho at hanapbuhay ang milyon milyon.

Habang nagbigay ng suporta ang gubyerno ng Pilipinas sa mga hindi makapaghanapbuhay gamit ang ilang social amelioration programs (SAP o “ayuda”), sa kasamaang palad, madalas hindi ito sapat.

Sa ngayon, kahit nagbalik na ang ilang negosyo dahil sa general community quarantine (GCQ) ngayong Hunyo, mukhang hindi pa rin nagflaflatten ang curve at marami pa rin ang hindi makapaghanapbuhay, tulad ng mga jeepney at bus drivers, atbp. Hindi rin ganoon karami ang mga tao sa labas at karamihan sa mga maliliit na negosyo na nakikita ko ay naghihirap ngayon. Marami rin ang nagsarado na nang tuluyan.

Nakakalungkot talaga.

Sino nga ba naman ang magaakala na mangyayari ito, di ba? Ako hindi ko rin inakala.

May dahilan kung bakit palaging sinasabi ng mga personal finance instructors na mag-ipon ka ng isang “emergency fund”, at ipinakita nitong pandemic o pandemyang ito kung bakit.

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Why We All Need to Build an Emergency Fund Account

June 20, 2020 by Ray L. 2 Comments

Tagalog Version (Click Here)

Who knew, right? Who could have predicted (aside from Bill Gates) that such a wide-scale pandemic would paralyze entire countries, leave thousands of businesses bankrupt and millions without a job or income.

While the Philippine government have tried to support people who have not had any income during the quarantine with some social amelioration programs (SAP, locally called “ayuda”), unfortunately, it was not really enough.

While some businesses restarted during the general community quarantine (GCQ) in June, the curve does not seem to have flattened at all and there are still a lot of people unable to return to work, such as Jeepney and bus drivers, etc. There’s also not a lot of people around and most small businesses I see seem to be struggling. Many have also closed permanently.

It’s a sad reality.

Who knew something like this would happen, right? I certainly didn’t.

There’s a reason why a lot of personal finance instructors tell people to save up an “emergency fund”, and this pandemic showed us exactly why.

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