I am not yet a parent but in the not so distant future, I will be. As a parent, you want to give your children the life skills to survive on their own when they grow up. Part of that is teaching them about saving money. How do you do that? You have to teach them intentionally! Work. Work is how money is made. There has to be an emotional and intellectual connection between work and money. Because this connection needs to be emphasized, you should never use the words “allowance”.

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During your “single years”, you have plenty of time to enjoy the things that you want in life. However, as soon as you grow older and decided to change your status from single to married, you will have more and more responsibilities. When you get your own home, you will be exposed to a lot of expenses. These expenses can eat a huge percentage of your savings. However, there are some things that you can do to help reduce your expenses. Here are some of the general frugal tips you

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First of all, I would like to greet you all Merry Christmas to everybody! Thanks for being a regular reader of my blog Millionaire Acts. Everyone wants Christmas to be meaningful. Christmas is definitely the season for gifts and shopping. During Christmas, a lot of people go to malls to buy various gifts to be given to their friends and loved ones. People just need to spend more during Christmas season. The effect? - traffic jam, growing credit card debts, lots of to-do lists, etc. I came

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Next week would be Christmas already. I’m sure you are already shopping for Christmas gifts that you plan to give to your friends and loved ones. However, given the current state of our economy, we cannot spend so much. We need to do budgeting and look for cheap and budget Christmas gifts for our loved ones. When your Christmas budget isn’t big enough to provide for everyone on your Christmas gift list, it’s time to search some cheap Christmas gift ideas that suits your budget.

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Robert Kiyosaki says that “money isn’t real, it is just an idea.” I do believe in what Kiyosaki claims. Money is just an idea. If you have an idea, you can create money! It’s as simple as that! Therefore, I definitely agree that knowledge is power! Ideas can be turn into fortunes and that is why we have intellectual property rights to protect established brands, trademarks and ideas. Money comes from different ideas and concepts. We are now living in the information

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The Federal Reserve of the US, or simply FED, is the most powerful banking institution in the world. It controls the banking and economic system of the most powerful country in the world - United States of America. In 1913, the US Congress established the FED. The Fed, although the central bank of the United States, is not really one bank. It consists of twelve regional banks, so that no one region of the country can unfairly gain an economic advantage. The Fed is run by a seven-member team

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During times of economic recession, the single most important word is SAVE. Therefore, it is essential for us to find ways to lower our monthly expenses and free up cash for more important expenses. While many of you will tell that insurance is not a basic necessity, insurance lets you protect for uncertain times like an accident. In my previous post, I discussed about life insurance and differentiated between whole life insurance vs. term life insurance. Today, we are about to discuss car

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What does it take to become successful? Success has a lot of meaning to each of us. You can achieve success financially, success emotionally, success spiritually, etc. In a recent addition to my learnings to become a successful entrepreneur and investor, I’ve learned about John Wooden’s Pyramid of Success. John Wooden is a retired American basketball coach. He is a member of the Basketball Hall of Fame as both a player (class of 1961) and as a coach (class of 1973). He has

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I am a fan of the word “best”. Just before the year ends, Fortune Magazine released it’s Best of the Best Companies in 2009. Which of the companies are considered best to work for? Which of the companies are the best when it comes to revenues? Which if the companies are considered the best among all other companies? Definitely, you would like to know it too. Here are the list that Fortune Magazine released. Given the chance, I definitely would like in one of these companies

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One of the first eye openers for me is the Robert Kiyosaki’s Cashflow Quadrant. So far, it is the single and most powerful idea that I absorbed from Kiyosaki as it helped me improved my education on financial literacy. There is no doubt that each one of us has interests in improving our financial situation. Before you can begin your journey to financial freedom, you need to figure out exactly where you are because if you don’t know where you are, you can’t know where

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In one of my earlier posts, I invited my regular readers to be a part of the Rich Dad Asia Live 2009 Event here in the Philippines. Yesterday, November 30, 2009, I attended the said event. It was held at Diamond Hotel. I was there at around 9:45am and late for breakfast. I liked the introduction of dreams as goals and targets for us to empower ourselves. Laurus Enterprises, the official organizer of Rich Dad Asia Event here in the Philippines hired a group of visually impaired singers to

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