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Jul 24, 2015


One day a man saw a old lady, stranded on the side of the road, but even in the dim light of day, he could see she needed help. So he pulled up in front of her Mercedes and got out. His Pontiac was still sputtering when he approached her.

Even with the smile on his face, she was worried. No one had stopped to help for the last hour or so. Was he going to hurt her? He didn’t look safe; he looked poor and hungry.

He could see that she was frightened, standing out there in the cold. He knew how she felt. I t was that chill which only fear can put in you.

He said, “I’m here to help you, ma’am. Why don’t you wait in the car where it’s warm? By the way, my name is Bryan Anderson.”

Well, all she had was a flat tire, but for an old lady, that was bad enough.

Bryan crawled under the car looking for a place to put the jack, skinning his knuckles a time or two. Soon he was able to change the tire. But he had to get dirty and his hands hurt.

As he was tightening up the lug nuts, she rolled down the window and began to talk to him. She told him that she was from St. Louis and was only just passing through. She couldn’t thank him enough for coming to her aid.

Bryan just smiled as he closed her trunk. The lady asked how much she owed him. Any amount would have been all right with her. She already imagined all the awful things that could have happened had he not stopped.

Bryan never thought twice about being paid.

This was not a job to him. This was helping someone in need, and God knows there were plenty, who had given him a hand in the past. He had lived his whole life that way, and it never occurred to him to act any other way.

He told her that if she really wanted to pay him back, the next time she saw someone who needed help, she could give that person the assistance they needed, and Bryan added, “And think of me.”

He waited until she started her car and drove off. It had been a cold and depressing day, but he felt good as he headed for home, disappearing into the twilight.

A few miles down the road the lady saw a small cafe. She went in to grab a bite to eat, and take the chill off before she made the last leg of her trip home. It was a dingy looking restaurant. Outside were two old gas pumps. The whole scene was unfamiliar to her. The waitress came over and brought a clean towel to wipe her wet hair. She had a sweet smile, one that even being on her feet for the whole day couldn’t erase. The lady noticed the waitress was nearly eight months pregnant, but she never let the strain and aches change her attitude. The old lady wondered how someone who had so little could be so giving to a stranger. Then she remembered Bryan .

After the lady finished her meal, she paid with a hundred dollar bill. The waitress quickly went to get change for her hundred dollar bill, but the old lady had slipped right out the door. She was gone by the time the waitress came back. The waitress wondered where the lady could be. Then she noticed something written on the napkin.

There were tears in her eyes when she read what the lady wrote: “You don’t owe me an anything. I have been there too. Somebody once helped me out, the way I’m helping you. If you really want to pay me back, here is what you do: Do not let this chain of love end with you.”

Under the napkin were four more $100 bills.

Well, there were tables to clear, sugar bowls to fill, and people to serve, but the waitress made it through another day. That night when she got home from work and climbed into bed, she was thinking about the money and what the lady had written. How could the lady have known how much she and her husband needed it? With the baby due next month, it was going to be hard….

She knew how worried her husband was, and as he lay sleeping next to her, she gave him a soft kiss and whispered soft and low, “Everything’s going to be all right. I love you, Bryan Anderson.”

There is an old saying “What goes a round comes around.” Today, I sent you this story, and I’m asking you to pass it on .. Let this light shine.

Don’t delete it, don’t return it. Simply, pass this on to a friend

Good friends are like stars….You don’t always see them, but you know they are always there.


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Jul 14, 2015

The Law of Duplication Works in Your Income Too

If you duplicate yourself, you duplicate your income.
It's very simple. 
When you duplicate yourself, you increase the number of people you serve. When you increase the number of people you serve, you increase your income.
If you don't duplicate yourself, your income remains stagnant. 
And even if it does increase, your income only enjoys linear growth. If you duplicate, your income enjoys exponential growth.

Employees Who Duplicate Get Promoted

         Do you want to be promoted in your job?
Duplicate yourself.
As an employee, duplicate your output. Duplicate your production.  Duplicate the great results you're getting.
How? Find a way. Use your ingenuity. Use your creativity.
As a manager, duplicate yourself by training your staff until they can replace you. Believe in them. Raise them up. Develop them. Make them better than yourself.
         Some are afraid to do that. "Bo, if I do that, they won't need me anymore and fire me!”
         But if your boss is intelligent, the opposite will happen. She'll recognize your leadership. Because only leaders can duplicate themselves. And leaders rise to the top.
         I can hear you now. "But Bo, that's the problem. My boss isn't intelligent!”
         Remember what I said before? If your present boss won't recognize you, another person will. Word about your leadership will go around. People will talk about you. And you'll be promoted, perhaps not in your company now, but in another company. Or in your very own company. 

A Second Job

         I'm not a great fan of getting a second job to increase your income, but I need to mention it here. It's also duplication.
         When you go to the States, it's very common to meet Filipinos who hold two jobs. They work 16 hours a day, not counting the travel time to go to work.
         My friend does that. She sleeps three to four hours a day just to be able to hold two fulltime jobs. She drives a brand new BMW. Yes, she earns more because she has duplicated herself by having two jobs. But it's a weak way of duplicating.
Today, that friend of mine is sick. Her body is caving in.
         My advice? This should be a temporary situation.
         Move on to a better way of duplicating yourself...

Two Kinds of Income

         There are basically only two kinds of income in the world:
         Active Income and Passive Income.

1. Active Income

How do I define Active Income?
You exchange your time for money.
A skilled laborer exchanges one day of work for P500.
A manager exchanges one day of work for P5000.
A dentist will pull your tooth for P600.
A heart surgeon will do a bypass for P300,000.
What do they have in common? All of them exchange time for money.  When they stop working, they stop earning.
Let me give you an example.
Remember my story of Ate Guy?
Ate Guy is the terrific masseuse of my wife who offers massage and torture at the same time.
Lucky for her, there are enough deranged people in the world who want that type of massage. Like my wife, for instance.
So Ate Guy is always in demand.
She can massage five clients a day—and she usually does.
Because of this, she earns P50,000 a month.
But let's say she takes a vacation.
Her earnings drop to zero.
And when she gets older, let's say she doesn't want to work this hard anymore. Instead of five clients a day, she wants to massage only two people a day. But if she does that, her income will go down a lot.
Or what if Ate Guy wants to earn P100,000 a month?
She can't massage 10 people a day. Sure, she can raise her prices, but by only so much.
My point? Active income is limited.
The only way to earn more is by switching to passive income. 
And the only way to do that is by duplicating herself.
First, she can train other women the "Ate Guy Torture Therapy” and form an army of Ate Guy-Trained Torture Therapists—and earn a commission from each of them.
Second, she can create the "Ate Guy Healing Oil” in a bottle, ask other masseuses to sell them.
I repeat: Active income has a limit.
But passive income is virtually limitless. 

May your dreams come true,

Bo Sanchez

Jul 12, 2015

Pinoy Investor: "Riding the Momentum" stock portfolio outperforms the PSEi

Last week, we brought you a Special Report showing the gains of the recommended Model Stock Portfolios of our partner broker, First Metro Securities. Two portfolios beat the PSEi's 6-month return, with the "Riding the Momentum" portfolio gaining 5.87% outperforming the PSEi's 1.06%. Check out which stocks comprise these model portfolios! --> 2nd Quarter 2015 Returns of Model Portfolios of First Metro Securities

Upgrade to our Best-Value Premium Access plan of only P399 per month to get FULL ACCESS to all PinoyInvestor stock reports!

Happy smart investing!

Jul 9, 2015

BPI Dares Shoppers Away From Cash

The Bank of the Philippine Islands is doing something daring – challenging clients to move away from their payments comfort zone by skipping the cash. Instead, shoppers can pay direct using their BPI Express Teller Debit (ATM) Cards through the Express Payment System (E.P.S.). In doing so, the country’s first bank hopes to create a shopping experience that foregoes the different hassles of using cash to pay.

BPI dares shoppers to skip:

Dare to SKIP that additional line. The common starting point of a shopper’s experience is at an ATM. Usually this involves the shopper finding himself at the back of a significantly long line to withdraw cash. By using BPI Debit Cards to pay, customers can experience at least one length of a line less and can go straight to their shopping.

Dare to SKIP the risks. Once withdrawal is complete, the shopper now finds himself with more cash in his pockets. This exposes the shopper to the risks of losing his cash by misplacing it or, in some cases, theft. When you pay using BPI Debit Cards, not only do you skip the risk of carrying cash, but you also skip to a more secure way of shopping, as each debit transaction is authenticated with your ATM PIN.

Dare to SKIP counting. Shoppers who pay with cash have to go through the extra step of counting their payment and their change. This adds time to the transaction, and is very open to mistakes. This can be avoided when paying through BPI Debit Cards, where only the exact amount is paid by the shopper each and every time.

Dare to SKIP the weight. The average weight of a 5 Peso and 1 Peso coin is 7.7g and 6.1g respectively. Individually these may seem light, but when accumulated, coins can add significant weight to a shopper’s pocket or bag. This inconvenience can easily be avoided when shoppers use their BPI Debit Card to pay. A plastic debit card normally weighs less than 5g.

Dare to SKIP the “disappearing” cash. Often times, cash “disappears” from pockets because shoppers fail to account for their spend. This is especially true when it comes to impulse buys and small-ticket items. The usual result of this is spending more than what was budgeted, making it difficult for cash-based spenders to save. When using BPI Debit Cards, on the other hand, shoppers can check their full transaction history in BPI Express Online. When paying through BPI Point-of-Sale (POS) terminals, shoppers even have the added feature of seeing where exactly their purchase was made through BPI Express Online.

Dare to SKIP the Cash with BPI Debit Cards. Shoppers need only shop, swipe their BPI Debit Cards and key-in their ATM PIN to complete a transaction through E.P.S. This allows them to skip all the hassles of a cash transaction, making for a better shopping experience.

Today, more than a million BPI customers already use their BPI Debit Cards to pay when they shop. Will you join the millions of customers who already found a better way to pay than cash? Would you dare to SKIP? BPI dares you.

BrandSpeakAsia is a privately owned, independent public relations corporation created and managed by a team of young, dynamic and vibrant professionals committed to a shared passion: the integration of unique and creative thinking and strategically versatile marketing methodologies to humanize a brand, personify its character, and reach out to its public.

Jun 13, 2015

Bakit nga ba mayaman siya at mahirap ka?

Bakit nga ba may mahirap at mayaman?

bakit lalong yumayaman ang mayayaman at lalong naghihirap ang mahihirap?

Pare-pareho naman tayong may bente-kwartro oras sa isang araw?

Ang mahirap ang laging tanong ay "BAKIT?" Bakit ako mahirap? Bakit ako walang pera? Bakit ako walang trabaho?

Ang mayaman naman ang laging tanong ay "PAANO"? Paano ko mabibili ang gustong bahay, sasakyan, negosyo, etc? Paano ko matutulad ang mga pangarap ko? Paano ako aahon sa kahirapan!?

Subukan mong baguhin ang papanaw mo sa buhay at ang simpleng pagtatanong sa sarili mo. Wag mo itanong sa sarili mo kung "BAKIT" ka mahirap dahil ang kasagutan sa tanong mo ay ikaw din ang dahilan. ang "BAKIT" ay kaya lamang sagutin ang "DAHILAN" at hindi ka nya kayang tulungan kung paano mo masosolusyunin ang iyong sitwasyon.

Subakan mong baguhin ang tanong gamit ang "PAANO" at ito ang magbibigay sayo ng paraan kung paano masosolusyunan ang iyong sitwasyon sa buhay.

Napaka-simple lamang nyan at hindi nangangailangan ng malaking "EFFORT" pero maari itong magdulo ng malaking pagbabago sa buhay mo.

Pangalawang paraan para maka-ahon sa kahirapan ay ang Mag-invest!


Investing in the stock market is the best way to build wealth because it has the highest average return compared to other investment options.


To maximize the potential return of your investment, you need to let it grow over time.

How You Can Start Investing:

1. Mutual Fund Investing thru PhilEquity:

2. How You Can Invest in Philippine Stock Market thru COL Financial:

3. BDO UITF Easy Investment Plan:

May 12, 2015

Bigger & Better ICON 2015 Slated Towards Financial Freedom!!!

Financial planning, entrepreneurship, trading, investment, and stocks... What do these all really mean beyond their dictionary meanings? Do we know what money management exactly means? Are we utilizing what we earn in the right way to invest and create value for a better future?  What are the risks involved when it comes to trading and stocks? These are a lot to think about. It might even sound complicated and intimidating, but this is where Randell Tiongson’s ICON 2015 comes in. Hailing from the success of last year’s ICON 2014, Tiongson makes a comeback with a conference that’s bigger and better, and promises to have more in store.

ICON 2015 will be held on May 30, 2015 from 8AM to 5PM at the SMX Convention Center, Pasay City. It will be a whole-day event with a packed program flow. Learn the basics, get motivated and ultimately be inspired by the best speakers in the Philippine financial industry. This event is for all walks of life that has a disposable income and a keen interest in learning how to manage what they earn.  In just one day, you will gain the knowledge and tools you need to get started in making the right investments and financial choices.

This year ICON 2015 is bringing you no less than the best speakers and advocates in the field of investing. First is the event’s pioneer, columnist, and best-selling author of “Money Manifesto,” Randell Tiongson. Along with him is the respected lecturer, inspirational speaker and author of Only the Real Matters Francis Kong. Also, the well-known stock market trader and best-selling author of Stock Smarts Marvin Germo, Global Investing Advocate, personal speaker and finance coach Jess Uy, and Economist and Ateneo De Manila University Professor Alvin Ang will be coming in once again this year.

The new speakers for this installment are: the seasoned financial adviser, best-selling author of the “Pwede Na! The Complete Pinoy Guide” series and founder of Personal Finance Advisers Philippine Corporation (PFAPC) Efren Cruz and radio host, wealth coach and best-selling author of “Till Debt Do Us Part” Chinkee Tan. Also, a brief sponsor’s session will be given by Sun Life Financial’s Managing Director (Asia) Michael Manuel as he tackles “Why It Is A Good Time to Invest Now.”

So much talent in one dynamic and event-filled day! Sounds exciting, right?

If you want to join us to this avenue of learning and investing, visit us at Randell Tiongson’s ICON Facebook page and log on to to book your seats as soon as possible! Also stay tuned to for our posts on Twitter (@icon_ph) and Instagram (icon_ph) for more information.

Be part of this and learn how to invest for a greater future!

Program Flow


Mamimigay kami ng DALAWANG (2) GOLD PASS AT TATLO (3) SILVER PASS!!!

Kailangan mo lamang sagutan ang mga sumusunod:
1. Paano ka natulungan ng Mag-Invest Ka Pinoy sa iyong buhay pinansyal?
2. Ano ang Mission ng Mag-Invest Ka Pinoy?

Email mo samin sa: ang iyong kasagutan at sundan ang aming hinandang format:
Name: Jo Valerio
Contact #: 0917 123 4567
Ang pa-raffle na ito ay hanggang May 17 lamang. Bawat entries na aming matatanggap ay may kaukulang numero at amin itong iraraffle. Ang pinaka mapalad na aming mabubunot ay makakatanggap ng email kung paano ang proseso ng magkuha ng ticket.

Maraming Salamat Po sa patuloy inyong pagsuporta sa MAG-INVEST KA PINOY!

Apr 29, 2015

Four Intriguing Social Anxiety Issues that Millennials May Want to Treat to Save Finances

While a few nods to the claim, most Filipino Millennials prove that being stereotyped as privileged individuals, who have their finances as the least of their worries, is a myth. Contrary to the idea, many of them are stressed since they constantly have to come up with witty responses to being branded cheapskates because they, indeed, prefer living frugal and simple lives. 

However, it’s a different story for Filipino Millennials who are dealing with various social anxiety issues on the side. As much as they wouldn’t want to, they end up screwing their budget whenever they’re under pressure. Despite brilliantly laid out plans of being financially responsible, they tend to be the most illogical persons the instant a set of social situations comes up.

Here’s the list of their social anxiety issues:

1. The incessant need to be above
Some Filipinos are socially crippled by their incessant need to be above. For them, they have a right to be anxious and push aside any plans of following a personal budget because there’s always competition. From their choice of clothes, condo units, and office furniture, to having the sexier and more gorgeous date to a party, they crave to be better and have something better than the person next to them.

Consequently, this anxiety issue ends up killing their chances of being in total control of their finances. Because they want to be better than the others, they’re usually willing to go off-book and purchase items that could allow them to elevate their status from that of another’s.

2. The fear of missing out
A 3rd-generation iPod Nano would suffice for many Filipinos. However, for those who think that fitting into society means having the latest model of the music player, it wouldn’t. 

In the aforementioned scenario, Filipinos with the particular social issue are afraid that unless they act similar to the rest of society, they’re doomed to be left behind. Thus, even if they hadn’t planned a purchase of over P10, 000 originally, they’ll figure out a way to get a brand new Apple product for themselves.

3. The crowd chooser
Some millennials are suffering from a type of social anxiety if they go out of their way to avoid certain people. For them, stumbling upon them will herd in bouts of overwhelming emotions. Whether the subjects will make them feel too happy, irritated, embarrassed, or nervous once they laid eyes on them, they refuse to have any intention of acknowledging those people’s existences.

For instance, instead of planning to walk along the street from the offices to their houses, they choose to spit out P70 for taxi fare. Because they do not want anything to do with the crowd, they’re about to encounter, they make plans contrary to their usual afternoon stroll.

4. The urge to be the star
Because of their urge to be the star at a gathering, many Filipino Millennials will ditch the idea of keeping a handle on their spending habits. With this social anxiety problem, they’re making themselves believe that it’s not them who are the star. Rather, it’s their new possession: the new dress, new car, new smartphone, new shoes, a new purse, and what not. 

Unless they’ll indulge in the desire to be on the spotlight, they are likely to go all over the place. Among the worries that are theirs for the taking are paranoia, self-hatred, self-doubt, self-pity, and jealousy.

eCompareMo is the Philippine's most advanced online financial services and insurance comparison and sales technology website. We help Filipinos make informed decisions when it comes on choosing the  best credit card deals , loans, insurance and more for free!

At eCompareMo we continue to expand our reach and update our directory of resources to provide our customers with a complete list of financial consumer products on the market. Furthermore, we offer free financial consultation through a call with highly-trained call center agents, live chat support, and other multimedia portals.

Apr 20, 2015

The Real Price of Borrowed Money

So what’s the real price of borrowed money? The quick answer of course is whatever the loan’s principal is plus interest and fees. And that’s true if you’re getting a loan from a bank or from small finance companies who might have given you a flier while you were walking to the office.

But in reality, it’s more common for us Pinoys to borrow not from firms but from family members and friends. For small entrepreneurs, “5-6” is another more common source of credit and many don’t seem to mind paying the high interest rates from these informal lenders for the convenience of having their lender drop by their store every day to collect the daily “hulog” or payment.

The answer to what the real price of borrowed money becomes a little more complicated than just interest and fees when your lender is a “kamag-anak” or a friend. When you’re the kamag-anak or kaibigan who was approached for a loan, there are a few things to consider before lending money to friends but when you’re the one who needs a loan, what should you consider before you ask for a leg up? Here are some food for thought.

Many Pinoys are hesitant to take out a loan because of “hiya” and that’s understandable. Having an “utang” has a negative connotation in our culture so it takes a lot to swallow one’s pride to ask for financial help.  How can you put a monetary value on something as intangible as pride?

The same goes for collecting debt. A friend or relative, especially close ones find it hard to approach you when you owe them money. It takes pride swallowing and even a certain amount of risk. For some reason, there are those people who antagonize the collector instead of knowing that debt should be collected and repaid after a fair amount of time. This happens more often when the lender is well-off and has a lot to spare. For some reason, we tend to think that well-off kamag-anaks owes us and are obligated therefore to lend us money without the pressure of having to pay it back on-time.

How Strong Is Your Relationship?
Borrowing money, and owing a debt, can put a strain on a relationship. Money problems are a big reason why couples split up and if you’re borrowing money from a relative or a friend, it can definitely strain your relationship if you’re unable to pay the debt. 

To avoid losing a friend or falling out from the good graces of your ninong, make sure that you prioritize paying whatever you borrow. If the amount you need is above your ability to repay soon, be honest about it and ask them if they understand that it will take you time to repay it all back. Don’t let a good friendship go to waste over money.

Friendships don’t just end because you have a debt. When word gets out that you have debt, it causes a lot of hurt feelings. One consequence of having a debt is that people can talk about it. It’s still connected to the negative connotation that we have about debts so that’s another thing to consider before you borrow money.

The Price of Lost Opportunity
Money deposited on a savings account earns interest, and money invested on investment machinery earns even more. Owing someone cash, is owing someone lost opportunity. Not just the opportunity to spend it on something that they may want or need at the time, but also the opportunity of investing it and growing that money.

This is most especially evident in times of emergency. This may not be a case of missed investment opportunity. But in cases where the lender failed to save up for emergency, the money that could have been used for the unexpected expense won’t be there. In such cases, stress will be the least of the lender’s worries. Coming up with the sum would often require them to take borrow or take up a loan themselves, which in turn will gain interest. These situations will cost the lender more than it should have had if he hadn’t lent the money in the first place.

Is Money What You Really Need?
Sometimes, it’s easy to believe that money is the solution to your problem but a lot of the times when you might discover that something else may be a better solution. When you find that you’re chronically low on funds that prompts you to borrow money, it may be time to assess whether your source of income is enough and it may be time to augment it or to find another job that pays more. Or perhaps you’re spending too much on some things and you need to cut back on these expenses to avoid borrowing money. To live within your means is an advice we hear over and over, and is one advice we should adhere to for us to avoid having to borrow money unnecessarily. 

These are some of the things to consider before you borrow money from a relative or a friend. Lots of times, you can avoid paying an interest for this loan and this is one reason why many choose this option over getting a personal loan or getting a cash advance from a credit card. But they still have costs that you need to be aware of and weigh before you suck up your pride and ask for help.

This post is brought to you by: is the Philippines’ leading financial comparison site where you can save money by comparing financial and car insurance products and services – fast, comprehensive, and free. We aim to give the power of smart purchase decisions back to Filipino consumers by providing everything they need to become financially savvy. 
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Apr 6, 2015

Frequently Asked Questions and Answers

Paano Mag-Invest?
Maari kang makapag-invest sa Mutual Fund, UITF, Direct Stock Investing o sa Property Investment.

Narito ang ilang paraan kung paano ka makakasabay sa tuloy-tuloy na pag unlad ng Pilipinas:

Bakit kailangan Mag-Invest?
Una, Depende ito sa layunin o goal mo. Maaaring ito ay sobrang pera na nais mong ilagak para kumita at magamit para sa iyong Retirement, Dream House, College Fund ng mga bata. Pangalawa, Alam natin na hindi kalakihan ang kita ng ating Savings sa bangko. At kung hahayaan mo lang ito doon sa matagal na panahon ay lugi ka dahil sa epekto ng inflation. Para sa dagdag na paliwanag, basahin mo ito "IPON o INVEST, Alin nga ba?"

Kung Mag-iinvest ako sa Mutual Fund, UITF o Stock Investing sigurado bang kikita ito?
HINDI. Subalit, ayon sa historical data, kung i-aaverage mo ang kita at lugi ng iyong investment, nahihigitaan nya ang kita na ibinibigay ng savings sa bangko. Mahalagang malaman mo na sobrang pera o perang hindi mo kakailanganin sa mahabang panahon ang dapat mo gamitin kung nais mong mag-invest sa Mutual Fund, UITF at Stocks.

If I'm working overseas, can I still invest in Mutual Funds/Stock Market in the Philippines?
YES. All you need to do is fill-up the application form, scan the requirements and email it to them so they can verify. Once verified, Send the original documents via mail. You also need to remit your initial Investment in their designated bank account.

I have documented the steps on each Investment Type:
3. Stock Investing

Apr 2, 2015

Tips for Getting Your Family Out of Debt

Take Stock of Your Assets

Sometimes, a lot of your money is locked up not in the bank or under your bed but perhaps it IS your bed. By that I mean you may have bought furniture like beds, or flat screen TVs or consumer electronics that you may not be using as much. Don’t be reluctant to sell off appliances you don’t need and don’t think of it as a desperate move to get more cash to pay down your debt. Think of it as a de-cluttering exercise that lets you earn money—money that you can use to pay down your debt. 

Much has been said about minimalist or frugal living these days. It might be a good idea for you to jump in on the bandwagon and cut down on the number of things that you own. If you sell your game console for example, you don’t have to spend on games anymore!

Savings vs. Debt Payment

If faced with a choice to put money towards savings or to pay down debt, choose to pay down debt. Why? Because the interest rate on your debt will undoubtedly be higher than the interest you can earn from your savings. 

Compare financial products online and see for yourself how loan interest rates are usually higher than the interest you earn on your savings account. Prioritize debt payment and start rebuilding your savings instead once you’ve eliminated your debts.

Be Relentlessly Thrifty

Pinoys are fond of “sidelines” or raket and that’s good. When faced with debt, earning a little more with the help of a side job can go a long way. But not everyone has the time or the skillset to take on another job and what do you do in this case? 

Be relentlessly kuripot. It may take some practice to be a little more frugal if you grew up without thinking twice about buying something at the mall, but if you stick to your plan, you’ll eventually get the hang of it. Even grownups can fail to differentiate between wants and needs. To be kuripot means knowing the difference of these two and finding ways to save up for your wants.

Don’t be disheartened if you and your family are struggling with debt. There are ways to get out of it and being more mindful of your expenses is one. Taking a strategic plan to tackle debt through the snowball method or by talking to debtors are some other the ways to get out of debt. 

It might take a lot of sacrifice but when you finally make the final instalment and realize you have more money in your hands to spend on things you want, you’re going to realize it’s all worth it. Know of other ways to get out of debt? Share it in the comments below!

This post is brought to you by: is the Philippines’ leading financial comparison site where you can save money by comparing financial and car insurance products and services – fast, comprehensive, and free. We aim to give the power of smart purchase decisions back to Filipino consumers by providing everything they need to become financially savvy. 
Like us on Facebook to get the latest tips on how to save.

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