Our vehicle turns two years old this July. That means another 10% depreciation in its value / 10% is shaved off its current value. While that’s still a month from today, I am going to account for the second year of depreciation in this update … More Net Worth Update 14 June 2019 Car depreciation
We talk a lot of about stock investing in the personal finance community, its upsides as well as the risks involved. It’s often seen as a way of multiplying wealth with money and creating passive income for future retirement. And it is, but we must talk about the downsides as well. … More Taking a PhP120,000.00/USD2,300.00 LOSS
Job interviews generally require you to reveal what salary you are currently receiving. The prospective employers want to know how much your services are currently worth, whether you are within their budget, whether they can afford to pay you lower than what they pay their current employees. … More Should you reveal your salary?
There’s a point at which there is no further benefit to be had from cutting your living expenses. Maybe you’ve cut your frivolous expenses to the bone, limiting them to the basic food, shelter or clothing or even if you haven’t, there is a comfortable level of spending that maintains you a dignified lifestyle suitable to your and your family’s needs i.e. you can’t live like a hobo or a homeless person when in reality, you’re not. … More Leaving for the expat life ABROAD
There are 14 months left on our car loan and our cash balances are enough to pay it in full right now. In order to simplify our lives, FH and I are contemplating paying off our loan early this October, or 9 months before the end of our loan term. This will mean a rebate or savings of PhP16,243.5/USD 312.00. The savings isn’t in six-digit territory but still, we wouldn’t mind such discount and owning our car outright.
It’s been a good season of bonuses recently so that definitely skewed my numbers upward even if my spending hasn’t been too good lately. My family and I definitely took advantage of the summer season to take one or two trips out of town. But hey, time with family has been worth the expense! … More Net Worth Update 23 May 2019
As a personal finance advocate, I am happy to share what little I know about money, investments and budgeting styles. I am not a practicing economist nor a finance professional by any means but I have lived my budget for over 10 years and write as I do and do not mind sharing personal experiences with money. Money is still a taboo topic in any country but by sharing my ordinary money adventures, I do hope to change that … More What if you started NOW?
An acquaintance recently wrote a piece about achieving success and how money has nothing to do with success. In her piece, said acquaintance essentially justifies achieving success without money to show for it. She advocates chasing your dream even if it pays next to nothing and that even if you end up with financially nothing, this, to her, is still success. … More Barlife: Money and Success
So you learned how to do and follow a budget, cut back on your shopping or gourmet coffee but still not making headway on your passive income** growth? You want to retire early someday but your passive income in the last year only accounted for 0 to 1 percent of your total income earned? You better check how much of your assets earn passive income … More Tinkering with asset allocation
It’s sizzling up here in the Philippines as El Nido hits its stride. Water supply is rationed on a daily basis and at certain hours, no water comes out of our showers and faucets! This is the price we pay for living in a tropical paradise … More Net Worth Update 7 April 2019 Retirement accounts