In one of my previous posts, I mentioned about what to look for when buying mutual funds. Once you bought and invested your hard-earned money into mutual funds, then what’s the next step? In my pursuit for further financial education, here are the do’s and don’ts of mutual fund investing: WHAT TO DO WHEN INVESTING IN MUTUAL FUNDS: - Pick funds that have a proven track record and a manager who has been around for more than five years. - Pick funds that meet your investment

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Thanksgiving Day is a special occasion in the US. It is usually celebrated on the fourth Thursday in the month of November. Thanksgiving Day is a time for merrymaking, shopping, family reunion, feasts and family dinners. People also take time to thank God for all His blessings and for all the material possessions man enjoys. For many Thanksgiving is also the time to thank near and dear ones and being grateful for their kindness. This coming November 26, US will be celebrating Thanksgiving

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Time flies so fast! After 234 articles and 1,637 comments, it’s been one year now since I launched this blog, Millionaire Acts. Today, November 24, 2009 is the first-year anniversary of Millionaire Acts. I clearly remember last year, November 24, 2008 when I created this blog. Back then, since I don’t have any background on programming, I hired a web developer to make a professional-looking blog site. A lot of my readers asks me why did I choose the domain name “Millionaire

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Mutual funds are one of the investment options where you can invest your extra cash. As a mutual fund investor myself, I made a post on how to invest in mutual funds before to assist my readers interested in investing in mutual funds. According to Kiyosaki, mutual funds are investment vehicles for a person to use as part of his or her financial plan to be secure or comfortable, not rich. Because of built-in management, mutual funds may be a better choice than stocks for new investors who

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We are experiencing global climate change nowadays which causes a lot of abnormal calamities like strong typhoons and the like. Therefore, we should save our environment for us not to suffer the detrimental effects of mother nature. One of the things that we should do is to “go green”. It wont’t only save our environment but also it can also save us more money. Yes, going green can be a bit frustrating and inconvenient. Hybrid and organic products, for example, often come at

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Electric bills are one of the utility bills that we keep on paying in our homes. It is one of the expenses why Kiyosaki considered house as a liability and not an asset. While you can live without paying other bills (i.e. tv cable bills, magazine subscription bills, internet bills, etc.), electricity is one the “must pay” bills that we should pay. So how can we save money for these electric bills? How can you lower your electric bills? In one of my earlier posts, I already gave

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We all know that stock investing is one of the riskiest forms of investments. Stocks can go up and down depending on several factors. In one of my earlier posts, I discussed several stock trading tips to all my readers investing in the stock market. It is important to do your homework before engaging yourself in the stock market. Once you’ve done your homework and consulted with a financial planner or broker, it’s time to take the plunge. To make informed decisions, you need to review

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Most people will tell you they have a financial plan. What they really mean is they have a “retirement package” with a pension fund, life and health insurance policies, mutual funds, and the like. The typical plan is nothing more than a collection of financial products purchased without a clear idea of the total picture. Investing requires a personal financial plan. Where are you and where do you want to go? Do you just want to be secure? Comfortable? Or rich? Are you set up to retire

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There are a lot of technical advices out there telling different investment strategies to grow your money. If you are a first-time investor, then you have to start from scratch. You need to understand basic and simple concepts in investing. The first step in investing is to understand how the different types of investments relate to each other. Then you can do an asset allocation in each of these types to determine which amounts of your total portfolio to invest in each of these

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There might be nitty-gritty stuffs in your home that needs repair. I admit, I am not that knowledgeable when it comes to home and electrical appliance repairs. I envy my dad because he has a lot of knowledge when it comes to it. He don’t need to bring the appliance to a service center or hire a contractor to service us for little things he can handle. That saves us a lot of money yearly! Hiring a handyman to work around your home is a luxury to many people can’t afford. But before

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If you want to become educated on business matters, then one of the things that you should know is the financial statement of companies. You need to know how to read numbers because numbers don’t lie. Financial statements are the health check up of businesses. Just like humans, businesses can be subject of certain “diseases” that you should know before it’s too late. Here are some of the financial ratios that you should know to examine the health of a business. This

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We’ve talked about the current recession before and we know that the main thing that triggered it is the subprime mortgage crisis which originated from several investment banks. But what about a more severe economic downturn called depression? According to Wikipedia: In economics, depression involves sustained, long-term downturn economic activity. While recession is seen as a part of a normal business cycle, depression is a sustained recession. It is characterized by abnormal increase

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Earlier, I made a post based on the things that I’ve learned from Kiyosaki’s teachings on the three basic business entities: Sole Proprietorship, Partnership, and Corporation. Kiyosaki says that most people earn money, pay taxes through withholding, and spend what little is left over. The rich do it differently. They earn money, spend it, and then pay taxes. The government gets less that way, and it’s legal. Employees of corporations: Earn       →     pay

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In one of my previous posts, I mentioned about the difference between good debt vs. bad debt. In summary, good debt provides money into our pockets while bad debt drains money out of our pockets. In the long run, good debt becomes asset while bad debt becomes liability. What will you do if you have an unsurmountable amount of bad debt? One of the easiest way to accumulate bad debt is through an undisciplined use of your credit cards. You keep on swiping and swiping that card without you

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