Budgeting Hacks for Breadwinners with Low Income, Heavy Debt

Have you tried doing your usual grocery shopping with your usual weekly budget? Have you come to realize that as the weeks go by, you are buying less with your money? Do your budgeting hacks still work?

That, my Pinoy breadwinner friends, is the effect of INFLATION.

With inflation, your 500-peso today cannot buy as much as you did 1 or 2 years ago.

How to cope with inflation

If you are looking for ways how we can stop inflation, this article will not give you answers. Inflation is a result of many economic factors and fiscal policies of the government.

Even if you have low income, these budgeting hacks will work for you!

More than ever, what I can share with you as a way to cope with inflation is effective budgeting and financial planning.

If you learn to budget and plan well, you can survive and even thrive above the bad effects of inflation.

Budgeting Hacks for Low income, heavy debt

But, how about for those breadwinners who have low income? Those who are still heavy in debt?

Is budgeting and financial planning really possible for these breadwinners with low income, heavy debt?

An easy to follow guide for budgeting is the 50/30/20 rule. According to this rule, you allocate 50% of your income to your NEEDS, 30% for your WANTS and 20% for your SAVINGS.

NEEDS include all basic necessities that help you live safely and comfortably. This includes food, utilities, insurance, transportation, education, health care, rent or house amortization, communication, among others.

WANTS include the things you would spend for your hobbies, pleasure, reacreation, movies, eat outs, gadgets, Netflix subscription, etc.

SAVINGS include a portion of your income that you set aside to grow your emergency fund, investments, VUL policies, etc.

If you are a breadwinner with low income, this budgeting hack will still work for you. Actually, anyone can budget their income regardless of income level.

This budgeting hack makes more sense for breadwinners heavy in debt. A way to tweak this 50/30/20 rule is to allocate your 20% to paying your outstanding debts.

Financial planning for breadwinners

For most Pinoy breadwinners, a more detailed financial planning is needed.

After getting the right habit of budgeting, financial planning for the long term is the next best thing to do.

The right financial plan will answer for every need you will have as a breadwinner in all life stages. If you’re looking for a financial planner who can help you, send me an email at PinoyBreadwinners (pinoybreadwinners.coach@gmail.com).

3 Most Common Financial Mistakes Seniors Make

Retirement is the longest holiday that most seniors and retirees are looking forward during their lifetime. It is the time to reap the fruits of their hard work and labor.

However, this is not usually the case for most seniors. Why do many seniors end up broke and financially challenged during retirement? Why do many seniors remain dependent on social institutions like SSS? 

In this article, we will discuss thoroughly the 3 most common financial mistakes seniors make. In addition, we will also give practical tips on how to avoid these mistakes so seniors can enjoy happy retirement. 

Many seniors fail to prepare for retirement.  Photo source: Image by Gerd Altmann from Pixabay

Common Financial Mistakes

These are among the most common financial mistakes that people belonging to the age group of 60s, 70s, 80s and up make that pose a risk to their retirement and estate. 

Refusing to seek expert help

Although we can safely assume that people in the “seniors” generation are wiser through the years, still, many seniors fail in wisdom to seek expert help and advice when it comes to handling their money. Most seniors refuse to ask for trusted advice from reliable persons because they either have no one else to turn to but their family members, or sadly, their caretakers. 

Many people welcome seniority years only to discover that the fruits of their toil have been relinquished to another, mismanaged, or even sadly stolen. These unfortunate events can be prevented.

Seek expert advice for your major financial decisions. Photo source: Image by Free-Photos from Pixabay

A practical advice to resolve this common mistake: As young as you are now, make sure to seek expert advice about your money, investments and properties with financial planners. Seek expert help of your trusted accountant on how to save on taxes. Consult an attorney to determine a legal and cost-efficient way to manage and dispose of your properties in the later years to come. 

Too much fear investing

Another common financial mistake of most seniors is being succumbed to too much fear in investing that they tend to outlive their retirement money. If the goal is to have enough retirement money when you reach the 60s, then the focus of your investment strategy must be to get as much returns as possible during your earning years. Most seniors focus too much in avoiding loss of money that they do not remember the risks involved like inflation, credit, and unplanned major financial outflows. 

How much retirement money is enough? This question requires careful planning with a trusted financial planner to answer. But basically, if you expect to live long, then you must plan long. Strategically invest your money so it can outlive you. In this way, you can enjoy as much comfort in your retirement years. 

Forgetting estate planning

This is one nightmare that seniors must never experience. What a horrible experience it will be when all the fruits of your labor during your earning years is not smoothly passed on to your family’s next generation. 

Most seniors think that creating an estate plan is unnecessary since their family can easily inherit what they will leave. But that is not the reality. When seniors die, some of their assets may be tied up, bank accounts may be frozen by banks and estate proceeds may be exhausted to pay taxes and liabilities when not planned well. 

A strategy to avoid this is to draft a last will and testament with your attorney so you can properly designate your beneficiaries. 


According to statistics, 1 out of 3 seniors eventually return to the labor workforce even after retirement. This is because the majority of them needed more income to finance themselves. Do not be among them. Plan and prepare early and avoid these financial mistakes for your own benefit. Need help? Send Coach Kathy a message!

10 Inspiring Quotes for Breadwinners Working Hard

Breadwinners are modern day heroes. They work very diligently to provide an abundant life to their families. They think about their loved ones’ needs before themselves. Pinoy breadwinners are often the least understood and least thought of.

Being a breadwinner is hard. If you resonate with any of these, we compiled 15 quotes that will inspire breadwinners working hard today. 

Keep going, breadwinners! Photo by Lukas from Pexels

Nothing worth having comes easy.

How much is your family’s dreams worth to you? How much is your children’s education worth to you? Remember this: nothing worth having comes easy. You always have to work for it. Even winning the lotto requires effort. 

All roads that lead to success have to pass through hard work boulevard at some point.

There is no success without hard work. So, if you think that you are working hard now, keep going. But remember to work smart also. Working hard, paired with working smart, will make you closer to your dreams and goals faster. Be willing to get dirt on your hands. 

Hard work beats talent when talent doesn’t work hard. (Tim Notke)

Would you agree that not all talented people succeed in life? I believe in this. I have seen many Pinoy breadwinners who have average skills and talents but have succeeded in building their wealth. Their secret? Hard work. It pays off. 

You can’t cheat the grind, it knows how much you have invested, it won’t give you anything you haven’t worked for. 

You cannot grow a mango tree if you have not planted a seed to the ground. Same it goes for working hard, saving and investing. You will never experience the rewards of your hard work if you have not exerted the effort in the first place. Embrace the grind. It is a part of life. 

Dream big, work hard, stay focused and surround yourself with good people.

How large is your dream for yourself? For your family? Think about it every time you are hustling and working. Stay focused on your goals. Do not be sidetracked by problems. Also, surround yourself with people who will push you to be stronger. Either you run away from hard work or you run towards it and come out stronger and wiser than before. You choose. 

Be thankful for what you have. Work hard for what you don’t have.

I have heard many Pinoys said this before: “Kaya ako mahirap kasi mahirap ang pamilya namin.” Well, being born in a poor family is not your fault. But, it will be your fault if you die and leave your family still poor. You have all the power to change your situation.

Be grateful for the blessings you have now. Then work hard for the things you don’t have, especially if it is for your loved ones. 

Hard work is what separates the winners from the losers.

There is a reason why you are called a breadwinner. You are a winner. Never settle becoming a loser. Work hard. You will amaze yourself one day. 

Don’t give up. The beginning is always the hardest. Life rewards those who work hard at it.

Everything is hard at the start. But with pushing further and never quitting, you will be rewarded by life itself for your efforts. Keep going. 

A dream does not become reality through magic; it takes sweat, determination, and hard work. (Colin Powell)

Do not be like Juan Tamad. Your dreams will not be served to you on a plate. Success is not gained by magic. So is saving, building your wealth and investing. Dreams require work. Be willing to work hard for them. 

Things may come to those who wait, but only the things left by those who hustle. (Abraham Lincoln)

Do not just passively wait for opportunities to come to you. Go out. Seek for opportunities. Those who hustle smartly work their way to their goals faster than those passive dreamers. 

Powerful Principles To Debunk Ghost Month Myths

We have just begun August and talks about fears and frustrations about the so-called “ghost month” do not die down. In this article, we will discuss ghost month myths and the implications financially. Lastly, and as the focus of our discussion, we will do our best to debunk these ghost month myths through powerful principles that can be easily applied by anyone, especially Pinoy breadwinners.

Ghost Month: What is it really?

The concept of the “ghost month” originated from the Chinese folk culture. Historically, the Chinese people considered the 7th month in the lunar calendar as the “ghost month”. In our modern calendar today, this usually falls on August. Specifically, the ghost month for the year 2018 starts August 11 and ends on September 9.

Among the beliefs and traditions observed by the Chinese during the ghost month are the following:

  • Offering of sacrifices to the dead on the 1st, 2nd, 15th and 30th day of the ghost month
  • Worshipping of the dead since the ancient times
  • Belief that the gates of hell is wide open
  • Children and the aged should refrain from going out at night

In our modern culture, the beliefs and traditions related to the ghost month still continues. However, modern Chinese now encourages prudence or thriftiness as part of their observance of the ghost month.

Do I have to be afraid of the ghost month?

In our time today, the Chinese belief of the so-called “ghost month” has entirely shifted our perception towards August. Probably due to tradition or misinformation, many people are afraid of the ghost month because of their belief that it affects their finances and the economy as a whole.

Among the misconceptions or ghost month myths that have an effect on Filipinos are:

  • Pockets have holes during ghost month, thus, money is not that easy to go by.
  • It is not a good time to invest because the stock market is down.
  • The economy might crash during the ghost month.
  • Starting a business is not good during the ghost month.

But if you are a Filipino investor, or planning to become one, you should be well-informed. Gauging from the Philippine Stock Exchange index history from past years, it can be seen that the Philippine stock market rides well this so-called “ghost month” trend.

Of course, it is to be expected that for businesses and listed companies dominated by Chinese foreign investors, the effect of the ghost month activities is felt.

Buying activities will experience a decline until after the ghost month is over. Certainly, the movements in the stock market are relative to the economic outlook of a country, foreign trade relations and perceived buying capacity of investors.

Powerful Principles to Debunk Ghost Month Myths

Proper information leads to wise principles. We have listed here some powerful principles or things you can do during the ghost month.

  • Best time to buy

For companies which has for its majority investors are Chinese, the stock prices tend to be less active in the market during the ghost month. Less activity in buying and selling activities of a stock will produce a tendency for its stock price to move sideways or “rally” or even go down.

While this scenario largely affects active stock traders, long-term investors should be happy about the ghost month. Majority of the blue chips stocks will go down in stock prices because of the brief market rest or decline. Thus, blue chips stocks will likely be cheaper than the previous months.

If you have extra buying power, the ghost month is the best time to buy “bargain” stocks. Think of it this way: the blue chips stocks are on “sale” and you have the great opportunity to buy it cheap. Of course, historically, you should expect the stock prices of these companies to soar higher again when the ghost month ends. Likewise, it is also up to you to consider buying “bagger” stocks or those undervalued but are not considered blue chips. Just do your assignment of studying first and committing with you trade and investment plan.

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  • Best time to accumulate

If you are into investing already, then consider the ghost month as the best opportune time to accumulate more on your preferred stock picks. Excess buying power means more opportunity to accumulate more stocks at a cheaper price than the preceding months.

Also, if you are a long-term investor who employs the concept of peso-cost averaging, then the ghost month must work well for you. This is the best time to accumulate on your stock picks and average your market portfolio. In this case, you will be ready once the stock prices soar up again due to high market activity after the ghost month.

  • Best time to learn

If you have no excess buying power during the ghost month, then you can spend time to invest yourself into learning more. Since there is less stock market activity, you can instead allow yourself to be immersed by reading more books on finance and investments, consider planning a business, enrolling in courses to expand your knowledge, etc.

Growing Money Long-term? Here’s Why You Should Not Put It In Banks

Keeping money in banks has always been a staple activity for households. In fact, among Filipinos, it is one of the popular ways to save and grow money. In the 2017 Financial Inclusion study by the Bangko Sentral ng Pilipinas (BSP), about 15.8 million Filipino adults have formal bank accounts. This accounts for at least 22% of the country’s total population in 2017.

If we will dig deeper into the statistics, we can see that 62% of these Filipino adults with formal bank accounts only keep at least P5,000 and below as bank balance. Following the statistics yearly, still, 38% of Filipino depositors put their money in banks with balances ranging from P5,000 to over P500,000.


Now, I have to make a disclaimer about the title. I am not saying that we abolish and boycott the banking systems. These financial institutions have by far proven to be very important part of any country’s economy. We will discuss the points here under the context of growing money for long-term purposes.

What is your financial goal?

For us to communicate, the first question to ask is “What is your financial goal?”

Financial goals differ for each person and his life stage. When I coach Filipino breadwinners, I usually get answers like:

  • Emergency fund
  • Buying a home
  • Retirement
  • Travel fund
  • Wedding
  • Education

Each of our financial goals can be classified into any of three (3) time frame: Now, Soon, Later.

  1. Now – those financial needs / goals that will be used within the next 3 months, i.e. emergency fund, travel, big purchases
  2. Soon – those needs / goals that should be prepared for in the near 5 to 10 years, i.e. buying a home, home renovations, wedding, children, early retirement
  3. Later – those needs / goals that should be prepared for in more than 10 years, i.e. retirement, college fund, business, estate

Pros of Putting Money in Banks

Most people put their money in banks for safetyreasons. Instead of bringing cold cash wherever they go, it is very convenient to have your money kept in banks and just withdraw what you need from the automated cash dispensing machines.

Likewise, there are many people who put substantially their money in banks to lessen the risk of it being lost or spent. Since most banks give a minimum interest for deposits made to them, many depositors choose to put almost all their money in banks.

Cons of Putting Money in Banks

Remember the three (3) time frame classifications of financial goals we discussed a while ago. If your financial goal belongs to the “Soon” or “Later” category, then putting your money in banks should not be at the top of your list.

First, if you have a long-term goal to save and grow your money, putting it in banks will not really help you earn much. Imagine putting your money in a savings deposit account to allow it to earn 0.25% interest per year, when you could consider putting your money in other money market instruments or investments that could yield higher returns.

Second, inflation will not help you a lot when you put your money in banks to grow. In the Philippines, the most recent inflation rate accounts for almost 3.2%. Now, compare this inflation rate with the savings deposit interest rate of 0.25% and you will get the picture. Inflation affects the purchasing power of your money, accounting for the passing of time also.

If you are looking to grow your money long-term so you can achieve your financial goals under “Soon” and “Later”, look for investment vehicles that will help you yield higher returns and beat inflation.


In a recent webinar hosted at PinoyBreadwinners, the point is clear that when it comes to growing your money for long-term purposes, it is wise to not to invest it in banks but rather on the banks. There is a wide difference between merely saving and keeping your money in banks and allowing it to grow to support your long-term financial goals.

Join us!

Coach Kathy of PinoyBreadwinners is hosting a 5-week live webinar as a continuation of this discussion. The registration is free and open to Filipino breadwinners. The topics cover the PinoyBreadwinner Finance Strategy that works well for breadwinners. Register here to learn more: PBW Finance Strategy

Why Your Money Will Not Grow In Banks [Free Live Webinar]

In this FREE live webinar, I will be sharing to you some unconventional wisdom kung bakit hindi mo dapat gamitin ang bank account mo to save money and make it grow.

What will you expect to learn in this webinar?

  • Paano ba ang logical way to be financially-free? I will show it through my Triangle of Financial Freedom.
  • How ready are you for life’s unexpected financial problems? I will show it through my Financial Needs Matrix.
  • What are the investment opportunities for Pinoy breadwinners? The options are endless but where should a beginner start? I will teach it also.
  • Why will your money not grow in banks? I will share to you a WISER way to save and grow money other than banks.

After this webinar, I hope to give you a general idea sa mga sikreto ng mga financially-free people. Register your seat to this live webinar on May 25, 2019, 8PM at sabay-sabay tayo matuto kasama ang marami pang Pinoy breadwinners! See you at the webinar! To register, click this registration page.

How to Take Control of Your Finances

Na-scam ka na ba?  One reason kung bakit maraming Pinoy ngayon ang nabibiktima ng scam ay dahil sa lack of proper knowledge about investments and money.  Kaya naman, do you believe that the first investment you have to make is to invest in yourself?  Taas kamay! 🙂 Kung YES ang sagot mo, I have a very special invitation for you!   

I am inviting you to this FREE value-packed seminar!

 Anong ididiscuss dito? Simple ways how to take control of your finances. Learn how to accumulate wealth and be financially-free, para iwas scam ka. WHY YOU MUST GRAB THIS INVITATION:

  • Swak na swak ito for Pinoy breadwinners, lalo na kung marami kang tanong kung paano magsimula saving, investing, etc.
  • Knowledgeable ang speakers, so you can ask as the seminar goes
  • This is FREE! Pag libre, hindi dapat tinatanggihan yan. 😉
  • Bukod sa FREE na, snacks and drinks will be served. Saan ka pa?
  • Limited seats only.
  • Coach Kathy will be there! Pwede tayo magchikahan at magdiscuss after, kung meron ka pang mga tanong.
  • I will be giving a gift sa mga pupunta. It will be your reward for investing in yourself first. 🙂

Save your seat by registering here: MONEYWISE. In the “Invited by” field, put Coach Kathy so I know meron akong utang na gift sa’yo! Kung hindi mo maopen ang link, let me know. Kung pupunta ka, wag mo kalimutan to tell me ha. 🙂 

See you tomorrow!

Financial Literacy Is A Miracle

When you enter a large conference room full of people, how do you know who is rich or poor? Some of us might say, “Mayaman yung naka-Rolex watch sa kanan!” or “Mahirap yung babaeng hindi rebonded ang buhok.

But, as quickly as we judge easily based on looks, we can be found mistaken when we try to ask each person’s lifestyle and financial health. That person wearing a Rolex watch might be hounded by many credit card companies calling him for his payment dues. Or, that woman whose hair is simple and not styled by salons is actually an entrepreneur and is building her own empire.

Using this simple question, we can agree and conclude on 3 things:

  1. Many people equate “being rich” with physical appearance.
  2. Many people put value on a person based on the price tags of his belongings.
  3. You cannot easily identify who is rich or poor.


Of Poverty and Unemployment

Did you know that according to the Philippine Statistics Authority (PSA), there are 1 out of every 5 Filipinos who are considered poor in 2015. This is considering the family income as well as annual income and expenditures.

Surprisingly, the unemployment rate in the Philippines dropped from 5.6% to 5.4% in 3rd quarter of 2017 to 2018. This means that the number of Filipinos who are unemployed decreased by 50,000 to 2,320,000. However, while the Philippines have observed this good indicator, still the poverty reduction level in the country slackens. In 2018 alone, one-fifth or 20% of Filipinos live below the national poverty line.

Bill Gates once said, “If you are born poor, it’s not your fault. But if you die poor, it’s your fault.”  I totally agree with him, 100%.

What contributes to this imbalance between rich and poor?

As a licensed financial consultant, I came to realize that financial literacy plays a major role in this setup.

Financial Literacy in the Philippines

Historically, financial literacy is not taught in basic education. Financial literacy, or otherwise known as money management, is not given that much importance and emphasis in the education system of our country.

What majority of our schools teach revolves around in answering these questions only:

  1. What is money?Answer: Money is needed to be successful and to provide for basic needs and wants.
  2. Where to get the money?Answer: Money can be earned through employment. To be able to earn more money, students must aim to study hard so they can land on good-paying jobs in the future. 

While the statistics remain true, still 1 in every 5 Filipinos are poor. If we say that our educational system is at par with other wealthy and progressive countries, why do most Filipinos remain poor? Not taking into account political lapses, ineffective fiscal policies and programs, the root cause of the problem lies in the illiteracy of many towards handling their money.


Why Financial Literacy?

Is financial literacy a solution towards diminishing the number of Filipinos living below, at and a little higher than the national poverty line?

As schools fail to teach the value of money, how to accumulate it over time and manage it well, many financial literacy advocates and finance educators will answer a resounding


A person does not need to have a college degree, a doctorate or masters degree or even a professional license to even be considered financially literate!

Financial literacy encompasses 3 aspects of money management. Master these 3 and one will eventually see himself richer than he is before.


3 Aspects of Financial Literacy

  1. Deeper reasons of why money is needed
  2. How to accumulate money over time
  3. How to manage accumulated wealth as it grows


What are the Miracles of Financial Literacy?

While we can discuss so many benefits of financial literacy to any person, as a licensed financial consultant, I have discovered miracles of which financial literacy can be credited for.



Financially literate people are generally not the innately and necessarily wealthy portion of our society. Instead, these people are the “wise and rich” ones who have learned how to raise their quality of life through proper money management.



With more Filipinos who understand how to make money work for their good, the economic standing of the Philippines will improve. Financial literacy can result to more economic gains to the country, more opportunities for investments, new investors and general improvement of the welfare of the Filipinos.



Financially literate Filipinos know 3 basic things about their money: WHAT, WHY and HOW. As such, they know how to protect their hard-earned income and investments against risks of loss of money and inflation. Among the most popular risks affecting the financial health of any person are:

  1. Death
  2. Loss of income
  3. Disability due from accidents
  4. Disability due from critical illnesses

A financially literate person knows that these risks, though cannot be totally prevented or eliminated from their lives, can be hedged by a well-protected financial plan.

The miracle of Financial Literacy is found in looking at Filipino lives that have changed for the better.

Top 3 Reasons Why People Fail in the Stock Market

Many articles and books have discussed the many good characteristics of successful people in the stock market — either being a trader or a long-term investor. But, iilan lang ang nagsusulat tungkol sa big “whys” of failures in the stock market.

In this article, we are going to discuss the top 3 reasons why people fail in the stock market. Though there may be many reasons why, these 3 are the most critical of all. These 3 reasons may sound to be very simplistic but it is never a good laugh to experience losses in stock market investing because of these “simplistic” reasons.

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Following someone else’s opinion

No one should enter the territory of stock market trading and investing without arming himself with reliable weapons of knowledge. While we do not discount the value of having mentors or coaches, trading and investment guides, it is crucial to emphasize that investment ay parang toothbrush:

You cannot rely on making sure your mouth is clean by using other people’s toothbrush and not yours! Yuck!

Entering the stock market, either as an investor or trader, is a responsibility big enough in itself. Most people fail in the stock market because they entered it as “clueless” newbies, seeking various opinions of other people and then expecting to earn so much through “copy-paste”.

Walang standard at one-size-fits-all na trading at investing plan. While there may be several guides (i.e. charting patterns, financial analysis, risk management, weekly stock picks, etc.), a person’s success or failure in the stock market will depend on how well he was able to execute his trading or investing plan.

In another way of saying it, people enter the stock market with differing financial goals.

So, it is wise to enter the stock market with eyes wide open. Considering other people’s opinion can be sound advice at times but you should not just copy someone else’s style. Your appetites for risk may be at opposite poles and you may end up playing the blame game.

There have been countless stories like these: A day trader imitating a long-term investor, a long-term investor trying to imitate an impulse trader. Falling into this pitfall of following someone else’s opinion can be quite dangerous especially when the results of your stock market investing/trading do not match your expectations.

Also, asking for too many opinion from others about your investments could cloud your own thinking with their personal biases. Making an investment or trading decision just because “they did this” or “they said this” is very dangerous.

People who belong in this category will most likely spend most of their time sniffing for others’ opinions and blaming other people for their losses and wrong decisions instead of taking time and effort to learn and study their own investments.

To avoid failing the stock market, study yourself, create your own plan, and execute it. Do not be someone else’s puppet. You may end up losing your money.

The second reason why many people fail the stock market is…

Having no defined financial objectives

Another critical reason why many people fail in the stock market is having no defined financial objectives.

While it is true that no one can accurately predict the movement of the stock market, it still pays to have your own financial objectives defined from the very beginning.

Most people have jumped onto the boat of stock market without any idea of where they are headed to in the end.

Among the typical questions that can help you in identifying your financial objectives are:

  • How much return do I want to get?
  • How many years do I want to work on my plan to get the return that I want?
  • Considering my desired return, am I going to be a full-time trader, balanced investor or a long-term investor?
  • If I chose full-time trading, what stresses await me?
  • How am I going to get my reliable source of knowledge to achieve my desired return?

Many people fell into the notion that once they get into the stock market either as an investor or trader, they are assured of getting their money back (and even more!). But that is an end in itself.

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Getting into the stock market is one thing; knowing why you entered it is another thing.

And the “why” is the driving factor that can get you and your financial goals far ahead.

Same it goes for people believing that their success in the stock market depends on the system they work with. Well, yes, maybe.

But, it is not everything.

The most trendy software or the most popular financial expert cannot give you one thing:

Your own personal financial objectives.

Know your financial objectives and you are then sure to never get lost in the long run.

Should you make mistakes or wrong decisions, it is helpful to have your financial objectives written down in black and white so you can always refer back to it. In that way, you may get sidetracked by economic distractions or opinions and biases but you can always get back on track because you will remember the great “why” of your stay in the stock market.

Viewing the stock market like a gamble

Lastly, another reason of most stock market failures is that people tend to look at the stock market like one big game of gamble.

Doing the stock market as if it is a big gamble can result in a poor mindset among people that their primary goal is just this: I will give more money in order so I can buy more hope of winning more money! It is a vicious cycle and very stressful too!

Yes, it may seem like it because of the unpredictability and volatility of the market. But, in order for you to win and stay afloat in the long run and achieve your own financial objectives, you must view the stock market differently.

Look at the stock market as if you are running your own business or you are building your own empire. View it as a business concept very dear to you that you have plans how to execute your financial objectives. Think of it as a business where many are at stake, not just your money and time.

Any business requires continuous studying. Likewise, every business needs persistent efforts in order to achieve its target.

No businessman, in his right frame of mind, would totally sell off his business assets after just one wrong decision. A good businessman knows that he can always refer to his objectives. He can always adjust his plans to better execute his goals.

Just like in stock market trading or investing, make your business grow. Do all you can to protect your money and make it grow to its maximum potential.

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Top 5 Reasons Why The Rich Become Richer

Ever wonder why the rich become richer?

Though the concept of who is rich is very subjective if we will base it on a person’s net worth, rich people, for purposes of our discussion today are the people who understand their finances well, manage it well, grow it and make money work for them.

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If you try to follow the steps of the rich, you will see that they are the people who have a different mindset about finances. Thus, this makes them even more richer.

5 Reasons

We listed here the top 5 reasons why the rich become richer.

1. They do not have the “poverty” mindset.

Kung ano ang iniisip mo palagi, that will shape your behavior. And your behavior will develop into habits. From habits, you develop your character.

The rich people do not have the poverty mindset. Ask those who lived from “rags to riches”, you will see that they refused to accept their poverty. At hindi lang sila nagtatapos sa di pagtanggap ng poverty nila, kundi they act about it.

Take for example the life of the late Henry Sy, Sr. If you will read anecdotes about his early life, you will see that though he lived in poverty, his mindset was not poor. He persevered, kahit mahirap magsimula. After so many decades, the poor shoe boy became one of the richest business tycoons in the Philippines. Henry Sy, Sr. built an empire from starting barely nothing.

Sabi nga, wishing and dreaming is a different thing from doing. Alin ba ang mas may effort, ang mangarap o ang kumilos para sa pangarap? Your choice spells the difference. Madali mo lang malalaman sa sarili mo if you are living in a poverty mindset.

2. They know the difference between an asset that is spent and an asset that earns.

Our money can only go into 2 pockets:

  1. Expenses
  2. Assets

Dalawa lang ang pwede mong pagkagastusan nyan. Expenses, gaya ng mga bills, utang, luho at mga gastos sa needs like food, shelter and clothing. Assets are things you buy that can be used in the long run, like cars, houses, jewelries and appliances.

But assets can be still classified into 2:

  1. Assets that are spent
  2. Assets that earn

Assets that are spent are those things we buy that decrease in value over time. Good examples are cars and gadgets.

Assets that earn are those things we buy that increase in value over time, or even earn us more money in the future. Examples of these are investment in stocks, VUL and rental properties.

Rich people know where to put their money. They know that in order to grow their money, they have to invest it on assets that earn them more money. They are not just content on spending their hard-earned money, but they spend it in such a way that will give them future returns.

3. They think long-term.

Rich people usually have a vision. They decide today not just for the immediate effects, kundi nagdedesisyon sila in a way that it will positively affect their future.

They invest in skills and knowledge that will give them leverage in the future. They consider the future value of their money whenever they will purchase something.

4. They know how to delay pleasure for the sake of longer and larger benefits.

Mostly, rich people know how to sacrifice immediate pleasure for the sake of future benefits. They can restrain themselves from indulging too much on things they can’t afford now.

Nakakita ka na ba ng mga taong nalulubog sa pagkakautang, lalo sa credit card? Pero kapag tinignan mo naman, meron syang gadget. Yun nga lang, wala syang budget!

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The mindset of the rich is this: if I want to buy this, do I have the money to afford it? If yes, then I buy it. If not, what can I do so I can afford it? The rich does not overindulge in debts.

Hindi porke’t naka-sale ngayon sa shopping malls ay bibili ka na agad. Tanungin mo muna ang sarili mo, kailangan mo ba talaga yan? Maaaring mas mura nga sya ngayon dahil nga sale, pero hindi sya mura kung ikaw ay bibili ng isang bagay na hindi mo naman talaga kailangan.

5. They start small and grow money, little by little.

Many rich people start small. We only see the tip of the iceberg kapag tinignan natin how financially well they are today.

Ika nga, growing your money is very much like planting a seed. You plant a small seed today and it will grow into a tree with many fruits in the future.

Pero gaya ng pagtatanim, it does not come overnight. No one says he saves overnight. Saving and growing your money is done gradually, little by little. Rich people know that their habits disciplined them to a life of saving and investing.

The good news

The good news is that you don’t need to have 1 million today to grow it into more than 1 million in the future! You don’t believe it? That is the power of compounding interest! I tell you, you can start at even P 2,500 per month!

I can help you start on this financial journey! Are you ready and willing? 

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Why Female Breadwinners Have Tough Romantic Relationships

I know you clicked on this article because the title caught you. Apektado ka, diba? Ako rin eh! In this article, we will boldly discuss this very interesting topic kung bakit karamihan sa mga female breadwinners experience tough romantic relationships.

Hindi na tayo lalayo, even if we just limit our discussion sa mga Pinay breadwinners, many will agree to this:

Why do female breadwinners have tough romantic relationships?

Who are the female breadwinners

In our context, i-define muna natin ang “breadwinners” in general.

Breadwinners are people who earn money to support a family. A person may be earning money but support no one but himself.

Para mas maganda ang usapan, let us classify these female breadwinners who are in relationships:

  1. Those single or not yet married who have boyfriends or engaged already
  2. Those married and are still heavily supporting their extended families
  3. Those married and the female breadwinner is the primary provider of the family

Sa bawat klase ng female breadwinner, we will discuss ang mga posibleng dahilan kung bakit romantic relationships appear to be challenging or difficult for them.

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The single or not-yet-married female breadwinners

Maraming female breadwinners belong in this category. Kadalasan sa kanila ay mga panganay sa pamilya. Yung iba naman, even though hindi sila ang panganay, sila naman ay may maayos na trabaho or business.

Most of the struggles of these single female breadwinners come when they wanted to be in a romantic relationship already but their family wouldn’t allow it. Have you heard these lines in a Filipino household:

“Hindi pa tapos mga kapatid mo sa pag-aaral. Wag ka munang mag-aasawa.”

“Ikaw lang ang inaasahan namin.”

Because Filipino families have deep familial ties, this overflows even to the aspect of financial support. While hindi masama that Pinoy breadwinners ay tumulong sa pamilya nila, there have to be boundaries.

Personally, I encountered these issues in my previous relationship. Because I am the family’s breadwinner, I support my whole family. We were already making plans of getting married soon but my family issues got in the way. My family still does not want to let go of me. My ex was not able to wait any longer.

Here are some advice for female breadwinners in this category:

  • Teach your other family members how to value money. Ika nga, hindi natin pinupulot ang pera.
  • Hindi masama to give financial support to your parents lalo na kapag matanda na sila and hindi sila nakapaghanda for retirement (we will have a separate discussion about this soon). But if you have siblings who are able but are still depending on your support, that is a different case.
  • If you have other family members who earn money also, ask help in carrying the burdens.
  • It is also helpful if you establish a family household budget, aside from budgeting for your own personal needs. In this budget, list down monthly all sources of income and where it will come from (from you, your other family members, etc.). List down also all your household expenses. In this way, you are able to instill the value of money and budgeting it.
  • Be able to diplomatically relate to your family that, sooner, you will also have your own family. Make it known to them that you are also preparing for your own future family. This is where getting insured and invested as early as today comes in handy. (If you like to get started on this, I can help you. Just sign up in our website!)
  • If you are in a romantic relationship now, it is very helpful if your partner fully understands your situation. Better if he understands your struggles and helps you achieve financial independence, not just for you, but for your family as well.

The married female breadwinners supporting heavily their extended families

Ito ang isa sa mga madalas simulan ng misunderstanding and issues sa isang mag-asawa: Yung may binubuo na kayong sariling pamilya but one of the partners is still supporting their extended families heavily.

We want to emphasize the word “heavily” here dahil our concern to our parents and siblings does not end as soon as we get married and start our own families. Ang issue dito is yung frequency.

Everything must be done in moderation and reasonableness.

That is why the tips in the previous section (single female breadwinners) before become very useful. It is better if before a female breadwinner starts her own family, she was able to help her own family stand on their own and not fully depend to her.

Here are some tips to help female breadwinners in this category:

  • It is better to make sure that even before you leave your family and start your own, you were able to create a form of livelihood for them. Personally, ginagawa ko na ito ngayon because I learned so much from my failed relationship as a single. I am starting side businesses that I involve my family members.
  • Learn to say no at times. Hindi naman sa lahat ng oras ay ikaw pa rin ang aasahan nila. Hindi masamang tumulong pa rin pero moderation is the key.
  • It is better if this issue is also talked about by the couple. Ask your partner his perspective on helping your own families and be able to compromise.

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The married female breadwinners who are the family’s primary provider

Women in our time and generation have arrived to the age where the stereotype that married women become housewives only has been broken already.

Many married women today are also working now, whether full-time or home-based, to help provide for their family needs. The concept that the men alone must work to provide for the family is not generally accepted now.

So where do issues arise for these class of female breadwinners? That is when these married female breadwinners become the primary, if not only, breadwinner in the family.

Sinabi natin na “primary” dahil there maybe 2 scenarios here:

  1. The female breadwinner or si misis ay mas kumikita ng malaki kaysa kay mister
  2. The female breadwinner is the only one earning in the family

In the case of married female breadwinners who earn much than their husbands or partners, the issue arise if merong competition between them. Lalong lalo na kapag natatamaan na ang ego ng lalaki. Accept it or not, there are men who hold on to the “macho” image that they feel inferior kapag mas malaki ang kinikita ng mga misis nila kaysa sa kanila.

In the second case naman, hindi talaga maiiwasang magkaroon ng issues between husband and wife lalo na kapag nararamdaman ng female breadwinner that she alone carries the burden.

Here are tips of advice that can help female breadwinners in this category:

  • If the wife earns much than her husband, it is important that they discuss openly about it. Make sure that it is agreed that even though ganun ang situation nila, it will never be an issue sa marriage nila. Learn to meet halfway.
  • You are never a competitor to your partner. You are meant to be helpmates of each other.
  • For female breadwinners na sila lang ang nagtratrabaho, discuss the reasons why ganito ang setup ninyong mag-asawa. Openly discuss how each of you can help carry the burden.

How has this article helped you? Let us know in the comments below! Share with us your struggles and tips as a female breadwinner!

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Top 3 Secrets To Building Wealth

Many books, blogs or finance coaches will tell you many tips on how to EFFECTIVELY BUILD WEALTH. The list can be endless dahil totoo namang napakaraming magagandang tips and techniques kung paano magiging successful in handling our personal finances.

Usual questions

Nandyan yung mga usual na tanong such as:

“How can I start saving when my income is small?”

“How can I budget my money?”

“Where should I start investing my money?”

“How can I be sure that my investments are legitimate and safe?”

“How will I know if my investments are earning?”

“How can I increase my income?”

All these questions and many more plague the minds of many Pinoys today, lalo na ang mga millenials. In fact, if you try to do a quick Google search, you will realize na napakaraming tao na ngayon ang interested to learn more how to manage their money and make it grow.

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The secrets are out!

But I will tell you a secret! All those tips can actually be summarized into 3 secrets only. In this article, I will share with you the TOP 3 SECRETS to building wealth effectively. Manage these and your will see a big positive difference in your personal financial life sooner.


Earning money is one thing but teaching and directing yourself how to spend money is a totally different thing.

The #1 factor that makes a person rich is not how much he earns. It is in how he spends his money.

Alin ba ang mas kaya mong ma-control, ang kinikita mo o ang paggastos mo? Majority of Pinoy breadwinners ay merong isa or dalawang source of income. Kadalasan pa dito ay steady income lang gaya ng sahod bilang empleyado. Kung sidelines naman ito, usually ay hindi mo controlled ang pwede mong kitain dahil sa variability of many factors.

Start saving by spending lesser on unnecessary things today. You must teach yourself where your money will go bago mo pa man ito mahawakan. Kadalasang sitwasyon kasi ng mga Pinoy breadwinners ay naghihintay ng petsa de peligro, at bago pa man mahawakan ang sweldo ay ubos na ito! Minsan ay kulang pa nga.

To give you an idea how managing your spending can really help, read this related article of how a Pinay breadwinner was able to save more than 10K in a month.


When you have a steady habit of saving even in small amounts by cutting on your unnecessary spending, it is time to ACCELERATE YOUR SAVINGS. One idea na nakakalimutan ng mga Pinoy is that savings are done over time.

There is no such thing as an overnight savings! Yung tipong nag-ipon ka ngayon ng 100 pesos tapos paggising mo bukas ay 200 pesos na! Ang sabi nga, saving is very much like farming. The day you planted the seed is not the day you will harvest and eat the fruit. 

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Saving takes time. What you do in between the planting and harvesting is what will make you succeed in your personal finance journey.

So, how do you accelerate your savings? Get a side hustle!

Do you have a skill from which you can earn on the side? Is there a skill that people refer to you for help most of the time? Maybe you can count on that skill to earn money as a side gig!

Be creative and invest in knowledge that will help you earn more. From your extra earnings, separate a portion for savings.


Once you have developed the discipline of spending wisely and consistent saving, it is time to invest.

Investing is what will make your money and savings grow and multiply. The goal of investing is also to be able to protect yourself and your money from the effects of inflation.

Ika nga, kung may naipon ka na 100,000 pesos for 2 years of saving, anong gagawin mo dito? Tandaan na ang 100,000 pesos mo ngayon could have a value of lesser than 100,000 pesos one or two years from now because of inflation.

Investing is putting a hedge of protection around your hard-earned savings and at the same time, maximizing your money’s potential to grow. It is making your money work for you, instead of the other way around.

Investing wisely means knowing where, when and how much to invest. Not all investment opportunities will fit a person. It takes proper knowledge to be able to MULTIPLY YOUR SAVINGS INTO WEALTH.

Not all investment opportunities are created equal. Merong risks and potential returns involved. Before leaping into the ocean of investments, make sure you study first how to swim. Dahil kung hindi, baka tangayin lang ng mga alon ang lahat ng perang pinaghirapan mo.

Which step are you in? Share with us in the comment box below! Let me help you plan your personal finance success. Learn more inside information! Join the PinoybreadWINNERS Generation

How I Saved 10 Thousand Pesos In 1 Month

Ever wanted to travel with your family pero wala kang ipon? I want to share with you my personal story last 2018 when I wanted to travel with my whole family to Bicol, our province.

The desire

As a breadwinner in the family, with all my family members heavily depending on me (all my siblings are still in school that time), this desire to spend our Holy Week 2018 in Camarines Sur is a daunting dream. I wanted to do this because my father is already growing old and I know he misses our other relatives in the province too. Sobrang tagal na rin kasi nung huli kaming nakauwi na sama-sama. I think it was many years back nung buhay pa si Mama ko.

So, it was in January 2018 that I had this desire na makauwi kami ng province for Holy Week on April. In our church prayer and fasting last January, isa ito sa mga pinagpray ko rin talaga that God would provide for this travel.

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A little background story: I was in law school during this time also. So, aside from supporting my family, I was also supporting my own education that time. So, it was really a challenging task.

My eureka moment

Then, after the fasting week, an idea struck me. I suddenly realized how great of a spender I was. Hindi naman ako yung tipo na laging laman ng mga sale sa malls or suki ng mga sale sa online shops. Pero I have my own versions of guilty spending: FOOD. 😁

Yeah, I am the type of person who’d rather spend a hundred bucks for lots of food than to spend it on makeup or new clothes. I realized that though hindi masama ang pagkain and ito ay isa sa mga basic needs natin bilang tao, I was excessive when it comes to my spending sa food. I spent heavily on eating out in fastfoods and restaurants. I also spent heavily on luxury beverages like coffee frappe and milktea!

This guilty spending applied not only with my own food but also in how I spend my money during grocery shopping for my family. Many times, I buy groceries and food too much that some just go to waste.

So, I was faced with two things: my plan for family travel and my guilty spending. How was I able to reconcile these?

1 – Where did all my money go?

Sabi ko nga, I assessed my spending. Saan ko ba mostly ginagastos ang pera ko kada buwan?

I listed everything in a piece of paper, up to the last detail. Among the expenses I listed were:

  • House amortization
  • Family groceries
  • Personal food
  • Personal transportation
  • Family eat-outs weekly
  • Utilities
  • Prepaid load
  • Leisure
  • Baon ng mga kapatid
  • Medications

2 – What can I cut down?

Using the simple list I made, I drilled down each item by marking each expense as either “reasonable” or “excessive”.

In my own terms, reasonable expenses are those which I spent an amount that is justifiable sa pangangailangan ko. Excessive expenses are those na alam kong sobra ang nailalaan kong pera compared sa ibang expenses of the same importance. Halimbawa, normal na maggrocery ako for our family weekly pero yun bang pinamimili ko ay sapat for the week or I buy too much food, only to end up in waste or sobrang katakawan? Things like that made me decide.

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In my assessment, the following were my reasonable expenses:

  • House amortization
  • Utilities
  • Baon ng mga kapatid
  • Medications

And then, these were my excessive expenses:

  • Family groceries
  • Personal food
  • Personal transportation
  • Family eat-outs weekly
  • Prepaid load
  • Leisure

All those listed expenses, whether reasonable or excessive, I assessed kung magkano ang pwede kong i-cut down to the point that I and my family will not starve or become too inconvenient. Questions like, “Do we really need to eat meat everyday or baka pwede namang maggulay?” or “Will taking the jeep instead of Grab be still convenient yet cheaper?” helped.

So sa bawat expense, I was able to compute magkano ang kaya kong ibawas sa budget ko.

3 – What can I forego?

After classifying all these, I then specifically identified anong mga bagay ang pwede kong i-forego or ipagpaliban.

Alin sa mga expenses ko ang pwedeng hindi ko talaga muna paglaanan?

Alin ang hindi ko naman talaga kailangan?

These must usually be items na luxurious or mga luho lang. Among the items na nilista ka dito ay:

  • Lessen fastfood and restaurant eat-outs. Instead, I opted to eat healthier and to cut down on my food. Papayat rin tayo! Ha ha.
  • Forego spending on expensive coffee, frappe and milktea. Instead, I will drink more water.
  • When doing my grocery shopping for my family, I will list down first what we really needed and what supplies we ran out of. In this way, I will avoid buying things we don’t need or buying things na marami pa pala sa bahay namin.
  • When doing grocery shopping, I will opt to buy the fresh items like meat, fruits and vegetables from the palengke mismo instead from the large supermarkets. Medyo inconvenient lang, pero mas malaki talaga ang difference ng mga presyo, lalo na sa gulay.
  • I also asked my siblings to be conscious of their baon since I told them na nag-iipon rin ako for our travel.

Marami pa akong inilistang mga bagay na pwedeng ipagpaliban. At sa bawat items na ito, I was able to compute how much ang pwede kong matipid by not spending on these unnecessary items.

4 – Where will I get my income?

Next, I assessed all my income sources. In this area, I realized that it really help if you have a side hustle aside from a usual 9am to 6pm job.

I was also into online selling and other side gigs which helped me earn money aside from my usual salary. Marami sa side gigs na ito ay even though hindi kalakihan but at least helped me augment my financial needs that time.

Among these income sources were:

  • Corporate job
  • Online selling of various items
  • Baking pastries
  • Writing gigs

In my quest para makaipon for our travel, I dedicated all my profits from side gigs as ipon. Automatic ko na syang tinatabi.

5 – What will I do with all the savings?

So after all that, I was able to identify that the sources of my savings would come from:

  • Those few hundred pesos I can save from cutting down on several expenses na excessive
  • Those few thousand pesos I can save from foregoing some expenses na luho lang naman at unnecessary
  • Those I earned from my side gigs

I kept a small piggy bank where all money that I should have spent for unnecessary expenses are being stacked away. It went on for a month. Halos hindi ko sya naramdaman dahil I made it a practice at may end goal ako: makaipon for our travel.


After a month, when I opened my piggy bank, to my surprise, I was able to save approximately 12 thousand pesos! Imagine that!

This experience taught me few valuable things:

  • There are many expenses to which we spend on pero hindi naman talaga natin kailangan.
  • Living simply is very fulfilling.
  • If you have an end in mind and a plan, you can achieve your goals whatever it is.
  • Sacrifice is needed if you want to achieve a goal.
  • Saving is possible whatever financial you are in. Discipline is needed.
  • Start small in saving. Hindi mo mapapansing nakakaipon ka na pala.

I am proud to say that through this simple exercise of saving, I was able to finance our whole family’s vacation in Bicol last April 2018! Sharing with you some of our photos! 😁

Let me know how this story inspired you! If you’d like someone to journey with you on your personal finance success, comment down below! 

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10 Things To Do After You Get Your First Job

So you graduated fresh from college! Armed with your sobrang pinaghirapang diploma, you set your foot towards the intimidating corporate world para maghanap ng trabaho. And, voila! You just got hired!

What now?

As a young professional now, let me share with you 10 things to do after you get your first job. I was able to make this list not because lahat ito ay nagawa ko na; some items dito are things I wished I could tell my younger self to do as early as before.

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1 – Complete your valid IDs.

You will know that a person has really passed on from student to adulting stage by checking her wallet! Bukod sa kung dati ay wala pang masyadong lamang pera, you will notice that aside from bills and coins ay puro identification cards ang laman nito.

When you get your first job, make sure na makakuha ka ng as many valid IDs as you can. You may not use all of them immediately but it is better to have them as early as now. Among these IDs that you can start securing for yourself are:

  • SSS
  • Philhealth
  • TIN
  • Passport

2 – Set your goals.

As early as getting your first job, make sure that you set your goals straight. Yes, these goals might change over the years habang mas nakikilala mo pa ang sarili mo and your strengths. But, to give you direction for “why you do things”, a simple goal-setting can help.

It depends on you on how you will identify these goals. What is also important is to make it clear and write it down. There is something in writing goals in paper and pen that makes these future goals look real and tangible in the present.

Pwede mong hatiin ang goal-setting mo into aspects such as:

  • Career
  • Personal
  • Financial

Or you may also categorize your goals into short-term, medium or long-term.

3 – Decide on what kind of lifestyle you want to live.

It may appear na OA pero looking back, this has proven to be a common struggle by new members of the earning sector ng ating bansa. Default kasi sa ating mga Pinoy na todo-waldas, lalo na kapag nakahawak ng pera. Hindi pa kasi deeply engraved culture sa atin to think many times before spending on something.

I have seen this typical story happen to many of my colleagues before: Si Juan ay lumaki sa isang middle class na family na nabibili lang yung sapat na needs ng family. When Juan graduated from college, he immediately got hired. At dahil earning na si Juan, his thinking that he has “more money than before so I can spend more than before” ay pwede nyang ikapahamak.

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Sabi nga, it is not bad to enjoy the fruits of your hard work. Pinaghirapan mo ‘yun eh! Pero dapat, your lifestyle will depend on your earning capability and your spending habits. In choosing your lifestyle, make sure that these factors are present:

  • Income source
  • Spending habits
  • Hobbies
  • Sustainability

4 – Pay yourself first.

Yehey! May trabaho ka na, it is not bad to deprive yourself of experiencing the joys of being able to step out of poverty. Ilibre mo ang sarili mo sa unang sweldo mo. Also, don’t forget to treat the people who helped you get to where you are. They may be your parents, your uncles or any others who helped you finish your school. A simple treat will count.

5 – Get yourself a planner.

Yes, even a simple yearly planner! Discipline yourself to planning out your week, listing things to do and marking out appointments. In this way, you will see how productively you are using your time, which is your most costly resource.

6 – Find a mentor.

Since you are starting out on your career, it is best if you can find a trusted and credible person who can mentor you. Your mentor must be someone you respect. It must be someone who you look up to or plan to emulate.

If you cannot find one, try at least to look for reliable people who you can pattern your habits, beliefs and convictions.

7 – Pay off any debts.

When I got my first official job (I had so many side jobs before while studying), our family had incurred debts that were related to my school expenses. If you got the same situation like mine, pay off these debts immediately and as you are able. Or maybe, you may have incurred debts related to your job hunting conquest and requirements.

It is better to start off your financial life as a young professional with a clean credit standing.

8 – Plan and setup your emergency fund.

This is one of the things na usually ay nakakalimutan ngayon, especially millenials. Setting up your emergency fund is one of the wisest things you can do for yourself financially.

An emergency fund will serve as your financial safety net for immediate emergency needs in the future. Many fall into the thinking trap na mag-iipon sila for emergency kapag malaki na ang salary nila. But, saving starts even small.

There are others naman who overlook the value of having an emergency fund at dumidiretso agad into investing into stock markets or VUL. Plan and setup your emergency fund first, saka ka mag-explore.

9 – Protect your income.

Next to setting up your emergency fund, the next wise thing you may want to do is to protect your income. How will you do this? Simply by protecting yourself through life insurance.

If kagaya kita na breadwinner rin sa family and many family members depend on me and my income, it is very important that you make yourself protected from certain events na out of your control. Among these events are:

  • Death
  • Accident
  • Illness

Your life insurance will cover these uncontrollable events in life to ensure na yung mga nakadepende sa iyo ay hindi mahihirapan financially, in case anything happens to you. Ang kagandahan ngayon ng most insurances ay may kasama na itong investment portion so protected ka na, lumalago pa ang pera mo.

If you are in this stage already and you think you are ready, I can help you in your journey towards protecting your income as a licensed financial consultant.

10 – Grow your money.

So you have your emergency fund already and you have made plans already to protect your income. The next thing you can do is to grow your money. There are so many ways with which you can grow your money:

  • Stock investing and trading
  • Mutual funds
  • UITF
  • Real estate
  • Businesses

Ang mahalaga lang ay before you venture into growing your money, you grow first your knowledge about personal finance.

Which of these tips have helped you so far? Have you done any of them already? Let us know in the comments below! 

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