What I Would Have Done Differently in My Twenties

Looking back, we all have moments when we wish we could do things differently. When it comes to our financial journey, the twenties are a critical decade that can set the stage for financial success or financial struggle. During this period, responsibilities are minimal and free time is abundant. If given the opportunity, here's what I would have done differently in my twenties to build financial success. 

Delay Purchasing a Car 

Cars are one of the most significant expenses people make in their lifetime. By delaying the purchase of a car, I could have saved a substantial amount of money that could have been invested or used toward other financial goals. Not only are cars expensive to purchase, but they also rapidly depreciate. Aside from depreciation, the money I spent on car maintenance could have been used to purchase assets that I later increased in value. If I had waited a few years and opted to use public transportation, I could have invested in more assets that appreciated over time.


A Guide to Investing in REITs: How to Earn High Returns with Low Risk

A guide to Investing in REITs in the Philippines

Real Estate Investment Trusts (REITs) are a popular way to invest in the real estate market, and they can be an excellent option for those looking to diversify their portfolio and earn a steady stream of passive income. REITs in the Philippines have been gaining popularity in recent years, and for a good reason. In this article, we will discuss the benefits of investing in REITs in the Philippines and why they are becoming an increasingly popular investment option.

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First, let's define what REITs are. REITs own and operate income-producing real estate properties, such as office buildings, shopping centers, and apartment complexes. They generate income by renting out these properties to tenants and then distribute a portion of this to shareholders as dividends. This makes REITs a great option for those looking for a steady stream of passive income.

Now, let's take a look at the Philippine real estate market. The Philippines is currently experiencing steady growth in the real estate sector, driven by factors such as a growing population and an expanding economy. This growth reflects in the performance of REITs in the Philippines, with the Philippines Stock Exchange (PSE) REIT Index, which tracks the performance of REITs listed on the PSE, growing by more than 50% over the past year.

Your Life Insurance Needs: How to Calculate the Right Amount of Life Insurance

How much Life insurance coverage do you need?

Determining how much life insurance you need can take time and effort. Life insurance is a critical component of a comprehensive financial plan, as it provides financial protection for your loved ones in the event of your death.

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However, with so many options and variables, knowing how much life insurance you need can be challenging. Factors such as your income, debts, future expenses, and dependents play a role in determining the right coverage amount for your needs.

It's important to understand that life insurance is not a one-size-fits-all solution. What may be right for one individual may not be suitable for another. This is why it's essential to take the time to evaluate your unique situation and determine the right coverage amount for your needs.

This article will explore the various factors to consider when determining how much life insurance you need. We will also discuss the importance of consulting a professional and how they can help you make informed decisions about your life insurance coverage.

By taking the time to consider these factors, you can ensure that your life insurance coverage is sufficient to meet your needs and provide financial protection for your loved ones in the event of your death.

Are You a Prodigious Accumulator of Wealth? Find Out with this Simple Formula

According to the book "The Millionaire Next Door," a prodigious accumulator of wealth (PAW) is someone who has accumulated wealth that is at least twice their annual household income, multiplied by their age. This formula, known as the PAW formula, is a quick and easy way to determine if you are on track to becoming a millionaire.
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But what does it mean to be a PAW? Is it just about having tremendous wealth, or is there more to it?

Being a PAW is about more than having a high net worth. It also means being financially responsible, living below your means, and consistently saving and investing a significant portion of your income. PAWs often have a clear financial plan and stick to it, even when faced with unexpected expenses or temptations.

A Beginner's Guide to Buying Foreclosed Properties: Benefits and Risks

Purchasing a foreclosed property can be a great way to snag a good deal on a home, but many buyers may be unaware of what to expect when buying foreclosed properties. In this article, we will be sharing the benefits and risks of buying foreclosed properties


Discounted Price

One of the most obvious advantages is the potential for a discounted price. Because banks and government agencies that own foreclosed properties want to get rid of them quickly, they may be willing to sell them for less than their market value. The low price can save buyers hundreds of thousands on the purchase price of a home.

The Dark Side of Leverage Investing: Understanding the Risks

Leverage is a powerful tool that can be used to amplify returns in the stock market, but it is not without its risks. This article will discuss why leverage may not be the best choice for investors, the fees associated with leverage, what dangers investors should be aware of when using leverage, and some famous examples of failed leveraged trades.

Double Edged Sword

First and foremost, leverage is a double-edged sword. While it can magnify gains, it can also amplify losses. Investors who use leverage may take on more risk than they realize. For example, if an investor buys $100,000 worth of stock using leverage, they may only have to put up $20,000 of their own money. However, the investor will be liable for the full $100,000 loss if the stock goes down in value. This can devastate an investor's portfolio and lead to significant financial losses.

The Assets You Need to Build Wealth: Separating the Good from the Bad

Assets are anything that has value and can be owned. They can be tangible, like a house or car, or intangible, a patent or copyright. Assets can also generate income, like rental property or a business. In contrast, liabilities are anything that takes money out of your pocket, like a mortgage or credit card debt.

Coins in a Jar with plant

When building wealth, it is important to focus on assets that generate income and appreciate value over time. These are often referred to as "good assets." Examples of good assets include rental property, stocks and mutual funds, and a business. These assets have the potential to provide a steady stream of income and grow in value over time, which can help to build wealth.

Should you pay off all of your debts before investing?

When managing your finances, one of the most debated topics in personal finance is whether to pay off all of your debts before investing. This is a complex question, as there are pros and cons to paying off your debts and investing. On the one hand, having high-interest debt, such as credit card debt, can be a financial burden and a source of stress. 

On the other hand, investing can help build wealth and secure your financial future. So, should you pay off your debts or invest? In this article, we'll take a closer look at the advantages and disadvantages of both options.

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Budgeting Tips for Beginners

Budgeting is crucial in achieving financial stability and reaching your financial goals. However, creating and sticking to a budget can be overwhelming for many beginners. This blog post will cover some budgeting tips for beginners to help you get started on the path to financial success.

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Start by setting a budgeting goal.

Before you start budgeting, it's essential to have a clear idea of your goal. Do you want to save for a down payment on a house, pay off credit card debt, or build an emergency fund? Whatever your goal is, make sure it is specific, measurable, and achievable. Setting a goal will give you something to work towards and help you stay motivated throughout the budgeting process.

Investing Your Emergency Fund: How to Make the Most of Your Emergency Fund

An emergency fund is an essential part of any financial plan. It acts as a safety net in the event of unexpected expenses or job loss and can help you avoid debt. But what happens once you have an emergency fund? Should you invest it, or should you keep it in cash?

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