Jeffrey Sy's Blog, page 2
June 22, 2014
FQ, Upgrade Your Financial Literacy Quotient is now available on Paperback
FQ, Upgrade Your Financial Literacy Quotient is now ava […]
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June 13, 2014
Stop Expecting the Government to Save Us from Our Financial Woes
I agree 101% that corrupt government officials should be held accountable for what they've done, and for what they're continuing to do. But after the fuss, and the mess, and the hullabaloo, we are still 100% responsible for our finances, and not our government.
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June 6, 2014
Start Building Your Emergency Fund
Or, God forbid, your company retrenched you because you're so good at what you're doing, a real guru. Hence, you're also paid a high salary so your management has decided to hire 2-3 good people, not experts, to do the work you're doing.
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June 2, 2014
Why Financial Literacy Should be Taught in Schools
People usually equate financial wealth to their jobs, careers, or to their salaries. After all, a lawyer earns more than a messenger, a computer programmer earns more than a secretary, a corrupt senator earns more than everybody else, combined. You get the picture.
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May 28, 2014
Money lessons I learned from my Indian friends
On the other hand, here comes Kabayan. Upon entering the room, you'll be awed - shades by Ray-Ban, tee by Fred Perry, jeans by Armani, shoes by Lacoste, wallet by Kenneth Cole, belt by Gap, watch by TechnoMarine. Wow!
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May 26, 2014
Not All Debts are Created Equal
Getting a home loan to purchase a house is good debt. Why? It's a good debt because you don't want to rent an apartment all your life. Why? The answer is simple. There will come a time when you can no longer work and won't be able to afford any more rental payments.
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May 18, 2014
Get Life Insurance Coverage
Isn't it funny that the law requires people to insure their cars but not the owners of the cars? I know that for some people, their car is more precious than their wife, but is their car more precious than their life? I highly doubt that. Unless you're a hermit and do not have anybody precious to you, then you should get yourself some life insurance. If you're single, of course the beneficiary will most certainly be your parents or siblings. Later on, once you get married, you can add your spouse and kids as beneficiaries.
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May 17, 2014
Stop Using Credit Cards
I use my debit card, or money which I already possess, for online transactions, such as paying for this domain name, hosting, online donations, etc. I use my debit card for groceries. Like most people who were fresh out of college and earning for the first time, I've been fooled into getting a credit card. Lo and behold in a span of just a few months, I've maxed it out. This was back in 2002, ever since then, never did I use a credit card for consumables.
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May 14, 2014
Introducing RetireRich.mobi
With this blog, I aim to teach financial literacy to the millions out there who has a dream of retiring rich. I am turning 38 years old on Sep 19, this year. I plan to retire by the age of 60 years old. This gives me roughly 22 years to make sure I retire rich.
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