Blog
Books
2

Millionaire Next Door: here’s a better rule of thumb

One of my favorite personal finance books of all time is the one that was written by the late Thomas J. Stanley, The Millionaire Next Door (published in 1996). The bestselling book identifies common traits that show up again and again among those who have accumulated wealth. The surprising finding …

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Investing
4

Have no fear, market crashes will always be here!

While I don’t believe that a bear market is coming, one big lesson from the last two recessions is that it can’t hurt to be prepared. Crashes will always come and go. Whether it’s 6 months or 6 years from now, nobody really knows. The prospect of me becoming a …

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Credit
10

When the lender is a slave to the borrower

You’ve probably heard Dave Ramsey say this many times before, “The borrower is a slave to the lender.” The quote was taken from the scriptures. That’s exactly what I had in mind when I decided to lend my sister $14,000 last summer. Finally, I can ‘enslave’ my annoying sister, who …

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Investing
3

Thoughts about Bitcoin

I’ve recently started a Facebook group for this blog where members are encouraged to ask any question about money. Out of the blue, one member asked about Bitcoin. In an effort not to monopolize the forum, I waited several hours. But nobody was keen on answering the question. I eventually end up …

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Relationships
7

Rich Mom, Poor Dad: tribute to my mom who saved us all

My mom came from a rich family in the northern Philippine town of Batac, Ilocos Norte. The same town where the late dictator Ferdinand Marcos, known for looting the country of billions of dollars, grew up. In fact, they were contemporaries. My mom told me stories about how Ferdinand’s father, …

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Credit
2

Awesome credit– you must have it!

You’ve probably heard this line a hundred times at the cash register before, “Would you like to apply for a store credit card? You’ll save 10 percent on today’s purchase”. That was the offer that I accepted from a BestBuy store clerk sometime in the late 90s, just a few months after I …

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Taxes

What if you didn’t have to pay taxes?

“None of us want to pay taxes again, ever.”— this was last of the many demands Harry Stamper (played by Bruce Willis) and the rest of his oil-drilling crew had against the U.S. federal government in the movie Armageddon. The 1998 science-fiction film was about a giant asteroid whose collision …

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Insurance
7

Why I’m switching to an HSA account

Do you know what’s the biggest expense that you will incur in your lifetime? Nope. It’s not your home. I remember my hands were shaking when I handed my agent a $43,000 cashier’s check as down payment for our house, 13 years ago. But like I said, it’s not the …

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Speculation
1

Aw, Snap! (I should not have bought the stock)

Buy what you know, and stick to companies with good long-term prospects and quality management– are 3 well-known rules that the famous investor, Warren Buffett, follow when buying stocks. None of these rules I followed when I bought 200 shares of SNAP when it went public last week. The purchase was done …

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American dream
4

What 20 years in America has taught me about money

Today is my 20th year anniversary living in America– the land of milk and honey. The place where pretty much anything that I’m accustomed to seeing is bigger. Bigger houses, bigger cars, bigger TVs., bigger you name it. I can vividly remember what my reaction was the first time I was handed …

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