As I was reading my Devotional Bible, I came across the story of Esau and Jacob. This isn’t the first time I’ve read about them in the Bible, but this is the first time that something in their story stood out to me. If you haven’t read your Bible for a long time, I strongly suggest that you find the time to read it again. You’ll be amazed at the life lessons you can pick up along the way, but I digress.
A couple of weeks ago, I had a conversation with our landlord here in Dubai and found out that his finances are in tatters. Mired in debt with no clear solution. He even owes money to relatives, friends and some people in church. I’m not talking about 5 digits of debt; he owes the bank and other people a total of AED 365K (PHP 5.152 Million)! That’s a staggering amount especially for someone whose income is not even enough to cover the monthly payments.
The Stock Market is one of the best ways to make your money work for you. Some companies have seen their share prices rise to more than 1000% in the last 15 years, some even higher. Average annual returns for most blue chip companies range between 10-15% per annum which is higher than most asset classes in the market.
If you haven’t invested in the stock market yet, but are planning to, here are a few things you need to consider before doing so.
Credit cards are neither good or bad. It’s merely a financial tool that affords the cardholder certain conveniences and access to exclusive perks and benefits like discounts on some brands and restaurants, as well as access to airport lounges and freebies.
In a few week’s time, it will be my fourth year here in Dubai. Four years of working in a foreign country and enduring the scorching summers and pleasant winters in the Middle East.
Out of those four years, I spent half being neck deep in debt. Credit Card debt. Just like many other OFW’s who came here, I too fell into the debt trap not long after I started working and getting my salary. After filling out my bank forms, I was also given a credit card application form which I was more than happy to sign. They gave me a good credit limit. I thought to myself back then, I can handle this. I will not use this for anything other than emergencies. I didn’t know any better.
Every year, the arrival of the Ghost Month spooks a lot of people, specially traders and investors in the PSEI. It’s not the seasoned traders that get spooked, even the newcomers and would be investors get scared too with all the stories going around about Ghost Month. But what exactly is the Ghost Month and why are investors and traders so spooked about it?