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10 Things You MUST Know Before Getting a Loan in the Philippines (So You Won’t Regret It Later)
Taking out a loan isn’t just about borrowing money — it’s about protecting your future self. In the Philippines, where every lender has different requirements, interest rates, and approval timelines, the smartest borrowers are the ones who prepare before applying. Whether you’re an OFW, seafarer, employee, professional, or business owner, these ten insights will help you make confident and informed loan decisions. 1. Start With the WHY — Because Purpose Predicts the Loan Before you ask “Magkano ang kaya ko?”, ask yourself: “Para saan ba talaga ‘to?” Your purpose determines: Examples: A clear purpose prevents costly mismatches. 2. Know Your Real Capacity — Not Your Dream Capacity Many Filipinos calculate…
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Budgeting 101: A Simple Guide
Welcome to my new blog series focused on helping fellow kababayans take control of their finances! I’m Je-anne, a mother of two and financial advisor passionate about empowering others to achieve their money goals through education. Let’s start with one of the most fundamental financial principles – budgeting. Having and following a budget is key to effectively managing your hard-earned pesos. Simply put, a budget is a plan for how much you earn and spend over a set period of time, usually monthly. When you first start budgeting, begin by listing all of your regular income sources and amounts. This may include your salary, spouse’s income, rental income, interest earned,…
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How Having Sufficient Insurance Will Make Your Generation Wealthy
One of the best ways to keep and grow wealth within the family is by taking advantage of insurance. There are robust insurance policies that would ensure a smooth transfer of wealth to generations. It remains one of the surest ways of securing the future of your kids and beneficiaries. There is no easy way to say that your wealth is not really secure until you ensure it. This informative piece takes a look at why having sufficient insurance will make your generation wealthy. LIFE INSURANCE IS ON THE GOOD SIDE OF TAX LAWS The wealthy can take advantage of the tax benefits on premium life insurance packages to protect…
