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The Ultimate Timeline for Your Financial Milestones. Financial independence is always a great goal to achieve.

The Ultimate Timeline for Your Financial Milestones

Who doesn’t want to have assets that generate income that’s at least equal to your expenses? But tough times may come, and we have various ways to overcome this situation to achieve financial freedom. It can be through a loan app or borrowing money from banks and other lending institutions. But before you can achieve this kind of relatively successful financial situation, you will need to have a certain level of awareness to gain effective results from correct money management. If you don’t have the slightest idea how to do this, you can always refer to resources that are available both online and offline. It can be quite disconcerting to know that there is a high level of illiteracy in people across age brackets worldwide. Financial literacy rates differ in characteristics such as age, education level, gender, and income. Age also plays a factor in financial literacy.

Age 20 Being financially responsible is a must. Age 30 Age 40. Personal Finance Basics: The Definitive Guide to Financial Literacy. Statistics show that only 33% of adults globally are financially literate. This indicates that roughly 3.5 billion adults worldwide lack the holistic knowledge on how money works, or in other words financial literacy. Financial literacy refers to an individual’s proficiency in personal finance; from budgeting for daily expenses and monthly bills, saving money, borrowing money and managing debt, to investing and planning for retirement. Needless to say, these are the skills that are key to achieving financial stability, and ultimately financial freedom. Here’s How to Buy the iPhone Xs Without A Credit Card. Umiwas sa 5-6 Lending. Alamin Kung Bakit. Hindi na bago sa ating mga Pinoy ang 5-6 lending system.

Umiwas sa 5-6 Lending. Alamin Kung Bakit.

Sa katunuyan, marami sa atin ang dito kumakapit kapag nagigipit. Kahit na may mga mas pormal na mahihiraman gaya ng bangko at mga kooperatiba, 10 percent ng mga umuutang ay sa informal lenders tulad ng 5-6 pa rin lumalapit. Financial Inclusion Around the World: A Data Visualization. In 2015, the United Nations (UN) General Assembly finalized its 2030 Agenda for Sustainable Development; it includes a list of 17 development goals collectively known as the Sustainable Development Goals (SDGs). Then UN Secretary General Ban Ki-Moon said, “The new agenda is a promise by leaders to all people everywhere. It is an agenda for people, to end poverty in all of its forms—an agenda for the planet, our common home.” One of the ways the SDG outlined to end poverty is by ensuring access to “appropriate new technology and financial services, including microfinance,” which are precursors to financial inclusion.

Financial inclusion means making financial services accessible to the public—these include deposit and savings accounts, payment services, loans, insurance, and many others, all utilized to meet specific needs. SSS, Pag-IBIG, and GSIS Loans: Everything You Need to Know. At one point in your life, you will inevitably find the need to apply for a loan. Whether it’s for emergencies, personal expenses, or getting a car, chances are there’s no escaping it. A lot of people are terrified of the word “loan” alone, but in reality, it’s not so bad. As long as you pay on time and you’re responsible with your money, you’ll be able to reap the benefits of what loans were created for. Enter the Philippine government loans: SSS, GSIS, and Pag-IBIG. It’s no secret that a considerable portion of the population still doesn’t own bank accounts, and therefore need other ways to borrow money when an urgent need arises. 1.

5 Summer Date Ideas Under P500. Poor Mindset vs. Rich Mindset How Do They Differ Infographic. Practical Investments for Your Long-Term Life Goals - Pursuit of Passion. What comes to mind first when the conversation turns to “long-term investment goals”?

Practical Investments for Your Long-Term Life Goals - Pursuit of Passion

For those who want to tackle the subject with greater certainty of success, most potential investors think of real estate and the stock market. And that’s not entirely unwarranted: they do have a considerable track record for growing investments, along with an undercurrent of risk. For now, let’s examine the virtues that prompt many to invest in real estate or cast their lot on Philippine stocks or both. Smarter Property Picks The property sector has become fertile ground for long-term investing in the country, following the local real estate development boom that kicked off in the early 2000s.

A total of 34 real estate companies are currently listed on the Philippine Stock Exchange (PSE). Moving Out of Your Parents’ House? Here's What You Need to Do - Pursuit of Passion. Always been curious about living independently and finally moving out?

Moving Out of Your Parents’ House? Here's What You Need to Do - Pursuit of Passion

Adulting on your own terms summons a sense of pride: more so when you learn something new from the experience! But it isn’t always smooth sailing to find a condo near your work like in Makati; here are a few tips to make sure your declaration of independence goes through without a hitch. 1. Set your monthly budget Renting a place usually requires a month’s worth of security deposit—to cover any property damages or shoulder rent in case a tenant fails to pay—and two month’s worth of advance payment. Keep in mind that after all expenses, you should still be living comfortably. READ: 5 Effective Investment Strategies for Newbies 2. Compare average rental fees in different neighborhoods. Aside from the cost of living per location, safety and convenience are also crucial. Another deciding factor in choosing your own home is its proximity to your office. 3. Instead of hiring professional movers, DIY to cut down on expenses.

5 Effective Investment Strategies for Newbies - Pursuit of Passion. Planning to start investing soon?

5 Effective Investment Strategies for Newbies - Pursuit of Passion

Starting your investment journey can feel exciting yet unnerving at the same time. At the back of your mind, there’s always that nagging thought that you might lose money in the process. But even if you’re a total investment newbie, you can still make smart investment choices just by learning from investors who came before you. After all, they’ve grown their money by following some basic investment principles. How the 80/20 Rule Can Turn Around Your Finances - Pursuit of Passion. When it comes to money management, you’ll encounter a lot of recommendations regarding the right technique to use.

How the 80/20 Rule Can Turn Around Your Finances - Pursuit of Passion

Some people swear by the traditional monthly budget laid out on a spreadsheet, while others advocate for the 50-20-30 budget. Still, many people find that it’s not their cup of tea and would rather explore other options. If you’re one of those people, then maybe you’d want to learn about the 80/20 rule in managing your money. It’s not only used for finance—it can be applied in a lot of other aspects in your life. Your Financial Goals for the 5 Stages of Life - Pursuit of Passion.