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Wealth 101: Focus on Your Net Worth, Not Just Your Salary

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Tagalog Version (Click Here)

One of the most valuable lessons about wealth is this: it’s not how much you earn, but how much you keep.

There’s a story in The Richest Man in Babylon where a wise (and wealthy) man asked people what they do for a living in order to demonstrate a point. There was a scribe, a butcher, and several others from different lines of work. They had different levels of income, but their wallets (purses) were all equally empty.

Shouldn’t the ones who earn more have more savings than those who earn less? Why not? And why does that apply to us who live in more modern times?

Keep reading this article to learn more, and to learn the solution.

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New Ways to Make Money Online and How to Get Started

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*Article contributed by Rosana Beechum.

Finding new sources of income is always a great way to boost your cash flow. By earning more, you can save more and invest more in the future. The internet is your friend when it comes to finding new sources of income. Many of you are already familiar with earning ad revenue and working on small online projects.

Aside from the more traditional ways of making money online, there are new opportunities you can explore today. Using nothing but a laptop or your smartphone – and the skills you already have – you can do more (and earn more) from anywhere.

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What is Inflation? (Economics and Investing Basics)

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Tagalog Version (Click Here)

The inflation rate made the news last 2018, but judging from the comments section on news articles, it seems that a lot of people don’t really understand what it means or how it works. For example, some people were praising the unusually high inflation rate like it’s a good thing, and they don’t seem to understand how bad the situation was especially as they say other countries experience it too.

Some people also mistakenly thought that the higher rate was because there was an increase in the number of jobs and the income increase was devaluing the peso, when that’s actually false (this was a “cost-push” type thanks to a then-recent tax law that also has an excise tax on fuel).

So what’s inflation anyway? Let’s discuss the basics, so keep reading to learn more!

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Ano ang Inflation? (Basics ng Economics at Investing)

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English Version (Click Here)

Noong 2018 nabalita sa news ang napakataas na inflation rate, pero noong binasa ko ang mga comments sa news articles, parang marami ang hindi nakakaintindi sa inflation at kung paano ito gumagana. Halimbawa, pinupiri ng ibang tao ang pagtaas ng inflation rate dahil akala nila mabuti ito, at parang hindi rin nila naiintindihan kung gaano kalala ang sitwasyon dahil sinasabi nila na mataas rin daw naman inflation sa ibang bansa.

Akala rin ng iba, ang inflation sa Pilipinas ay tumaas dahil dumami daw ang nagkatrabaho at ang pagdami ng mga sumasahod ay nagdulot ng pagbaba ng halaga ng peso, pero hindi naman ito totoo (ito ay “cost-push” dahil sa bagong tax law at sa nilalaman din nitong excise tax sa fuel).

Ano ang inflation? Talakayin natin ang basics ngayon, kaya ipagpatuloy mo lang ang pagbabasa!

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How to Spend Money Wisely (Our Number One Tip)

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Tagalog Version (Click Here)

Let’s talk about the one question you should ask yourself before you spend your hard-earned cash. When you first learn about personal finance and spending money wisely, you first learn how to “pay yourself first” and how to invest. You also learn how to pay off and avoid bad debts, the difference between needs and wants, assets and liabilities, insurance, taxes, and more.

This lesson is about what you should do with the rest of your money. In other words, it’s about how you can make the best use of your leftover cash after saving and investing.

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