Blog
Relationships

Your spouse will have the greatest impact to your financial well-being

With Valentine’s Day just a couple of days away, I’m beginning to feel the pressure to come up with something really special for my wife. Traditionally, it would be fresh flowers– a bouquet of red roses to be specific. In the past, I hated buying flowers. I’ve always thought of it …

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My wife posing at the Jersey shore.
Investing
1

The real cost of buying that 65″ TV

Earlier this morning, I’ve sold a mutual fund that I held for 15 long years– Laudus International MarketMasters Fund™ (ticker symbol SWOIX). As the name suggests, the fund invests in shares of companies outside the United States. It falls under Morningstar’s “Foreign Large Growth” category because the fund manager’s focus is …

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Relationships
4

Why you should save for your kids’ college education

One of the financial concerns of every couple is saving for their kid’s college education. Some end up making excuses why they shouldn’t, among them: You cannot borrow for retirement, but you can borrow for college. It promotes responsibility– they’ll work harder academically. I don’t have much money left after …

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Financial Planning

Your household needs a year-end report

Along with rebalancing my portfolio, the other thing that I do with my finances before the year ends is updating my household’s end-of-year spreadsheet. It doesn’t have to be overly complex. Mine is very simple and can be done by anyone who is Excel savvy. I’ve been updating the Excel document …

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Asset allocation

Rebalancing your portfolio is like going to the dentist

There’s probably nothing more uncomfortable than your visits to the dentist. I don’t know about yours, but my dentist certainly doesn’t have the gentlest hands that I can brag about. Once you’re seated on that dreaded chair, you’ll be as helpless as a toddler as she works on scraping the tartar buildup from every …

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Insurance

Drive carefully. Don’t skimp on insurance.

One of the aspects of wealth building is being able to protect what you have accumulated. Even if you are extremely frugal with no debt, wealth that you have worked so hard for your entire life can be lost in various ways, among them: a natural disaster a medical emergency an ugly …

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S&P 500 vs DOW
About me
3

I’m officially a millionaire after Trump’s win

I finally reached the millionth milestone after Republican Donald Trump’s win. This is unexpected because I was expecting a market crash. This is a testament that ONE SHOULD NEVER TIME THE MARKET. Just a week ago, I jokingly suggested to my coworkers to move all their investments to cash, wait for …

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Lifestyle

When buying a hybrid car make sense

I’ve recently received an email from the Toyota dealer where I bought my Prius from. The email states that it’s due for its 80,000-mile scheduled maintenance. I replaced my Honda Civic with a Toyota Prius C in 2012 hoping to save a ton of money because I have a long commute. My eldest …

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Retirement

Projecting your future net worth

Yesterday, I was playfully googling my name may be out of vanity and boredom. In doing so, I happened to bump into a comment that I wrote to a Filipino personal finance blogger in 2010. The post reminded me of 3 things: my household net worth in April 2010 was $330,000 my own mortality the responsibility …

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Lifestyle
1

How to become a millionaire

Some of you may wonder, how exactly can I become a millionaire? One route is to have a fabulous income. Rock stars, movie stars, or famous athletes may have no trouble achieving this status the first time they get their paychecks. Those that fall into this category achieved their success through a …

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