Millionaire Acts

Have you ever heard the phrase or been told you have to “spend money to make money”? Perhaps this is a new phrase to you as personal finance is all about saving and frugal living. Essentially, the phrase means that you if you allocate financial capital or resources into a particular endeavor, you will create a platform by which you can earn more money than you originally spent. Sounds easy enough, right? Well, it’s easier said than done. Check out a few examples of how to spend

Read the rest of this entry >>

Advertisements

When we were little kids, we used to have piggy banks. Our parents used to tell us that we should save money. As kids, we are already taught by our parents the value of money. Every time we have some coins, we usually drop it to our piggy banks until it’s full. I remember when I was a kid, my mom opened a Kiddie Savings Account in a bank when my piggy bank was already full. There’s only one piggy bank that we are accustomed to – the one where we allot our savings. However,

Read the rest of this entry >>

What are assets? In your accounting 101, you learned that aside from cash itself, assets are anything that has value which can be converted to cash. However, according to Robert Kiyosaki, as many of you have known, ASSETS are anything that puts money into your pocket while LIABILITIES drains money out of it. He then continued to say that if you stopped working, ASSETS will feed you while LIABILTIES will eat you. Is Your House an Asset or Liability? Now, going back to the definitions of

Read the rest of this entry >>

From time to time, we are committing “money sins”. These are mistakes on how we spend our money eventually leading us to become broke in the end. These are bad money habits that we should avoid if we truly want to achieve financial freedom. This month’s issue of Good House Keeping Magazine, where Jennylyn Mercado is the front cover, features another article of mine entitled “6 Bad Money Habits to Break”. It showcases 6 of the most common money mistakes that we

Read the rest of this entry >>

I am sure most of you is not new to the the term “Rat Race” coined by Robert Kiyosaki. We’ve been hearing it almost all the time as most of us are trapped in it. We’ve been working hard with our jobs. Some of us are even working two to three jobs at a time just to sustain our needs. Each time money comes in, it usually goes out instantly to pay bills and other expenses. In this scenario, we are doomed to work hard for the rest of our lives. The end result is

Read the rest of this entry >>