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Time Value of Money: How to Determine the Value of Money with Respect to Time

Money received today is more valuable than the same amount of money a year from now. It is essential to understand the relation between mone...

5 Things You Can Do to Secure Your Future

Lean to Fat Savings
Personal finance has never been part of the Philippines' educational system. As a result, most of the population does not have a foundation for handling their finances. Moreover, Filipinos seldom discuss personal finance in their home. Parents do not often teach their children how to manage money. They generally think that children are too young to know about saving and investing. That is one of the main reasons why parents don't teach finance to their children at home. Even in my own home, personal finance is a topic we never discussed. I had to learn these things by myself or through experience.


Most people disregard their financial future. They believe they have ample time to secure their future. If they only realize that time plays a vital role in accumulating wealth, they will change their thinking. In general, it is easier to accumulate wealth if you have ample time to build it. For example, with an investment offering a 10% return on an annual basis, one hundred thousand invested over twenty-five years will accumulate one million. On the other hand, you will need four hundred thousand with the same 10% return to gain one million in ten years.