Wednesday, January 17, 2018

2017 4Q Net Worth Report

The last net worth update I made was for the second quarter of 2016, after which I deliberately did not do any more net worth updates because I wanted to focus on slaying my consumer debts. Also, computing my net worth was starting to frustrate me as my net worth kept on going down due to my debt reduction efforts (read: I was selling assets or taking out loans to pay existing debts).

But now that my consumer debts are under control and on their way to Deathville, I was ready to face the music and spent the last few days of 2017 calculating my net worth. Just as I suspected, my net worth went way down from 2016. Here are the reasons why my net worth went south:

Friday, January 5, 2018

Creating Abundance in 2018

If you're earning a salary then you will directly benefit from the Tax Reform for Acceleration and Inclusion, or TRAIN, because it lowers the personal income tax, among its other features. Check out this calculator from ABS-CBN to get an estimate on how much you'll be saving on income taxes every month. The Department of Finance also has its own income tax calculator but it's currently under repair. I do hope that the DOF version becomes functional very soon since it should be interesting to compare the results between the two calculators.