debt

With discipline, you can pull yourself out of the red

Having debt is something that everyone has experienced, whether it’s utang from your suking tindahan or debt through a credit card purchase. In fact, when planned, debt isn’t a bad thing since in can actually help you pay huge purchases with less ...

Sometimes, the issues go deeper than you think

Having your friend borrow money once is fine. Twice is okay. But when it just keeps on happening and you find that it’s getting harder to ask for your cash back, then you may be dealing with a chronic mangungutang.Interestingly enough, someone ...

Debt is all too common for business owners, but there's a difference between good and bad debt

The following excerpt is from Mark J. Kohler and Randall A. Luebke’s book The Business Owner’s Guide to Financial Freedom. Buy it now from Amazon | Barnes & Noble | iTunes |IndieBoundAs an entrepreneur, it's important to know the difference between good debt and bad debt. Good debt comes in the ...

Don't do it unless unless you know what you're doing and are prepared for the consequences

All businesses require money to get started. Even if you’re working with a bare-bones, one-person startup, you’ll still have to pay money for website hosting, business-name registration and the equipment you'll need (like a workspace and a computer)  to run the business.The overall average cost to ...

Consider these 7 options and get started with a clean slate

It’s always a good time to start paring down your debt even before the financial troubles come knocking.Victoria Españo, CEO and chairperson of auditing firm Punongbayan & Araullo, says many Filipinos misunderstand bankruptcy, thinking of it as something so extremely negative as ...

Debt happens. What’s important is what you do to get out of it.

 Throughout the years, I have gone back and forth to speak to our overseas Filipinos in the Middle East and Asia. I have heard many stories of their hardships and challenges. Unfortunately, Filipinos are very trusting and are in dire need of ...

Buying things is perfectly normal. What's not is when it affects our cash needs now and in the future.

Let us admit it. All of us are guilty of money mistakes—habits which lead to our hard-earned money going down the drain.Buying things is perfectly normal. We all need to buy stuff for our needs, and yes, to treat ourselves or simply ...

No matter how much math you do, good judgment is always required in dealing with debts.

People refer to debt as leverage, because at a certain level of earnings, debt will increase the return on equity (ROE). The reason: There are only two ways to capitalize a business, debt and equity.Related: How to make debt work for youLet us say ...

Here's a roundup about Maria Sharapova, Japanese prospects in the country, plus statistics on Filipinos' debt levels.

The American hip hop recording artist only needs to explore his options if Facebook and Alphabet’s CEOs don’t respond to his plea.

Even if Forbes reported that he raked in a pre-tax total of $72 million in the past 3 years, American hip hop recording artist and record producer Kanye West said via Twitter over the weekend that he is saddled in $53 million of personal debt. Also via ...

Aspiring entrepreneurs should accept that failure is an integral part of the journey to success.

A wise German by the name of Einstein once said, "A person who never made a mistake never tried anything new." Entrepreneurs dedicate their lives to inventing, reinventing, and pushing the boundaries, so it's safe to assume mistakes are part of your ...

Do you have the right drive and motivation to make your earnings grow? As you aim to start building your personal finance, here are seven questions that can serve as your simple guide.

Filipinos these days can be quite impulsive as consumers. Consequently, they tend to spend more on their wants than save for their needs. Breaking this habit can possibly make you financially independent soon. It is never too late to start storing your ...

Personal finance coach Joe Ferreria shares a shortlist of simple investment opportunities that can boost the value of your savings.

“Lazy people can’t be wealthy.” This is the strong reminder of Joe Ferreria, president of financial coaching firm MoneyDoctors Inc., to the attendees of the recent Investalk: Mid-year Outlook 2014 held last July 12 at Solaire Resort and Casino in Pasay City. ...