Times are hard and earning money to provide for your family’s every need, pay the bills, and afford you that occasional indulgence is even harder. Struggling to make both ends meet sometimes can be tricky and it is no wonder why a number of people resort to obtaining loans to buy things that they otherwise cannot afford or pay for emergency expenses that they have not prepared and saved up for. I guess it is okay to get a loan every now and then, what is important is to pay them up on time so you won’t accrue unnecessary interest that would only add up to the amount you have to pay. Here are a few tips from our friends from Loan Solutions Philippines on how to efficiently manage your existing loans.
It is very rare to find an individual who is debt-free. However, it is easy to find people who are too stressed out because of their loans. There are people who are not too worried even if they have loans to pay. What is their secret? How do they remain calm? Loan Solutions Philippines is a financing company that matches lenders and borrowers through their own matching system to give Filipinos access to financial assistance faster and easier. Here are some steps you can take so that you do not worry too much about managing your loans:
Insurance, may that be for home, car, life or health, is something that every mum or parent should consider getting soon. It would allow them to feel more secure, especially about their future and their children’s future, whatever may come. I now I would get an insurance plan if I can afford and I will make sure to do that as soon as my finances will allow me. I am not getting any younger, after all.
Here is a press release from our friends from Manulife about how celebrity, Richard Yap, aims to attain his financial goal and prepare for his and his family’s future:
Investors in the Philippines are among Asia’s most optimistic and most outward-looking, given their willingness to invest outside the Philippines to gain returns, according to the latest Manulife Investor Sentiment Index* covering the second quarter of 2014.
Philippines investors reach across emerging Asia to mature markets
When asked which region they think is best to invest in, Philippines investors point to developed Asia, Australasia and North America over emerging markets, including emerging Asia and the Middle East and North Africa.
Fig. 1 – Philippines investors favor developed and distant markets over China and emerging Asia
Philippines investors seem less affected by home-market bias than any other investors in the survey. Given a selection of single markets, they show most enthusiasm for Canada (76 points) and Japan (73) above the Philippines itself (51), and show least for China (44), which most other Asia investors rank relatively higher.
When it comes to growth, Philippines investors are also most optimistic about Japan and Canada, with 19 percent believing that Japan’s economy will be the fastest growing in the next two years, followed by Canada, China and Australia. This contrasts markedly with the average Asia investor, 27 percent of whom expect China’s economy to grow fastest, followed by much lower expectations for Japan Australia and Canada.
Fig. 2 – Philippines investors’ views of which markets will grow fastest contrasted markedly with investors elsewhere in Asia
“Our research suggests that Philippines investors’ preference for Japan is likely related to Japan’s first quarter GDP growth which came in at 6.7 percent on strong consumer demand ahead of the implementation of a new goods and services tax,” said Aira Gaspar, CFA, Chief Investment Officer of Manulife Philippines.
“It’s also interesting that Philippines investors seem so keen on Canada. We think there is a sound basis for this given that Canadian equities outperformed their developed market peers in the first quarter.”
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Philippines investors rely on friendly advice, ‘bricks and mortar’ approach to portfolios
Despite their international outlook, Philippines investors place their faith closer to home when it comes to making investment decisions, with 88 percent relying on or referring to family, friends or colleagues as a source of advice – the highest level in the region and well above the regional average of 58 percent. They are less dependent on industry staff, mass media or online sources of investment advice.
