Saturday, April 12, 2014

How to Create a College Fund For Only Php5,000

Of the six sessions I've attended so far for my Registered Financial Planner (RFP) course, the one that really caught my attention was the lecture on Time Value of Money.

Even the fact that TVM involved a lot of computation did not deter my interest (this from a person who chose her college course based on the number of math units required. Math 1 for the win!), and I actually stayed up past midnight a few days after my class researching on TVM and solving problems. Imagine that!

Anyway, what really hooked me on TVM was how I could start planning for Ace's college fund starting now, and for as little as Php5,000 a month. Here's how I plan to go about it:

Tuesday, April 8, 2014

Book Review: OMG! Where Did Your Sweldo Go?

Lianne's The Wise Living was one of the first local personal finance blogs I followed. I was amazed that this young girl was dishing advice on budgeting and saving money, when most of her peers were concerned with buying the latest It bag or dining in the newest hot spot. But what struck me most about Lianne was her upbeat attitude and how she genuinely wanted to help others out through her blog. I knew that it was just a matter of time before she would come out with her own book and when her first print baby came out (she also has an E-book available for free in her blog), I felt like a proud mama hen. Way to go Lianne!

Thursday, April 3, 2014

Happy Birthday To Me!

Well not really. My birthday isn't for another three days, but I can't help it. I always feel giddy whenever my birthday rolls in. 

Last year, I had a birthday party/ baby shower in my parents' house. I can't believe how huge I was back then! I've almost forgotten how uncomfortable it was to be that far along my pregnancy, and that's probably why I'm already entertaining the thought of another baby. Ack.

I don't even know what the point of this blog post is. I just missed blogging. I miss blogging per se and I can't wait until my RFP classes are over so I can dedicate my Saturdays to blogging. I don't even look at my other blogs anymore because I just feel bad that I'm neglecting them. Don't worry babies, mama will be back soon.

Ok, break's over and it's back to work. But I'll have a book review out within the week, so please watch out for that!

Saturday, March 22, 2014

A Minor Setback

Three weeks into my RFP class and it's becoming more and more obvious that financial planning is so more than just crunching numbers. As one of the speakers said, financial planning is 10% numbers and 90% emotions. With psychology a much better skill to possess than mathematical kungfu powers.

I'll have to be candid and admit that this fazed me because I'm not exactly a people person. I don't go out of my way to meet new people and I suck at small talk. So the reality that this field I'm thinking of entering entails  A LOT of social interaction makes me shudder. 

More than calculating for the time value of money and knowing what investment vehicles to promote, I think my biggest challenge as a future financial adviser will be empathizing with my client or at least not to let my real feelings show. Because if someone tells me that she needs another designer bag and justifies such purchase as an investment, it will take a superhuman effort on my part not to roll my eyes.

Clearly, aside from being more social, I also have to work on the judgey part. 

Wednesday, March 12, 2014

For Shame RCBC!

For the record, let me just say that I love RCBC Bankard as a credit card provider.

First, it was the only bank that sent me a credit card when I started working, after 3 banks denied my application. Strangely enough, I never even applied for a credit card with RCBC (which reinforces my belief that banks pass around their clients' information among themselves). Second, I love how RCBC sends me an alert every time I use my card for an online purchase and when they notice a suspicious transaction, like the time I used my card when I went to the US. Lastly, for some reason I am now some sort of a preferred client so I was sent an unsolicited Visa credit card, I was offered a special loan rate and I get all sorts of promotional materials just because I'm their favorite person. Wowowee.

But despite my love for RCBC, I must speak up against its offensive TV commercial.