IF all this talk about the way we are eating the dust of our more progressive Asian neighbors puts your teeth on edge, as they do mine, why don’t you join me in a little exercise?
Look around when you’re malling or just eating out. There are millionaires around us, never doubt that. I’m talking about rich people — none of that millionaire-at-heart blah. I’m talking about individuals who have worked hard in their professions, and made it their business to understand money. People who want to have a full life and who don’t live payday to payday.
OK, so the word “millionaire” might be stretching it a little bit, but just for the sake of literary appeal, let’s call them your neighborhood millionaires. For sure they aren’t the Henry Sy-types — they drive modest cars, some even live in rented homes (that’ll be the subject of another blog!) but their kids go to the best schools and they don’t drink Starbucks coffee everyday.
Point is, being well-off certainly is not just a hazy dream for average Pinoys. It’s happening all around us to many people and it can happen sooner to more people if the right ingredients are allowed to brew together. Blast the GDP figures and government’s number crunchers who say too many Filipinos live below the poverty level. (My fave economist Noet Ravalo will give me a lecture when he reads this).
This blog is for those who want to know the ingredients, who want to be inspired by other Pinoys who give the rat race a kick on the butt, and for those who are already financially independent but want to coach some people along the way. This is a blog for Pinoys who want to be money-smart, not just rich, and for Pinoys who understand that the best way to focus on that goal is to help each other.
Look out for Friday entries called So What Chocnut? where we will try to make sense of business stories that matter to us.
I am also going to put so-called financial tips under the microscope and report to you if they really work in Money Myth Busters. (Do you have a tip you want me to test? E-mail me.)
Lastly, I’m looking for an individual (better if a couple) who wants to discuss his financial goals with me and, reality TV-style, record in this blog his journey to that goal with the aid of financial planning experts. (If you want to be this person, e-mail me!)
Almost 10 years of business reporting and writing about personal finance has blessed me with opportunities to meet a lot of people and one thing is evident: those who try to reach financial independence together have more fun.
Speaking of fun, look at how these traders were having fun in the stock market. This is a picture of the Manila Stock Exchange back in 1935.

I had fun digging up old issues of the Manila Chronicle and found these old photos at the Lopez Memorial Museum. They were using chalk to record trades, can you imagine that. We had the best exchange in Asia, even in those days.
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44 Feedbacks on "The millionaires around us"
Jayvee
finally you’ve launched! i will be reading you everyday as im currently trying to figure out how to invest in wealth wisely
Joey Alarilla
hi salve, congrats
welcome to the blogosphere :
cheers!
Mark G. Delfin
ei ambe! congrats! i just bumped into this section while browsing through inquirer.net. galing! for sure, i’ll be one of your more-than-regular readers.
wiljoe
All I can say is” it’s about time!”
Sonnie
This blog has a noble intent… I have included this blog in my live blogroll.
As what the saying goes, “don’t give em’ fish, but teach em’ to catch fish”
randy abad
Looking forward to ‘wealthyfying’ knowledge and techniques…Shukran!
myepinoy
Congratulations.
It is about time. After all, money and making money is everybody’’s business.
Mabuhay ka.
manny
Congratulations on your launch! Your blog will help many in learning more about this very important subject of personal finance.
I’m also interested in technical analysis of stocks in the Philippines. Would you happen to know of any sites that provide such services (ie. technical analysis of local stocks)? Is there a data service that provides historical stock price data that I can download?
Thanks.
joel
I’m so proud of my industry mama. Congratulations!
Mon T.
Congratulations on the new blog! This will surely compliment the existing columns of Citigroup/Citibank and the RFP association on personal finance. The formula for getting rich is saving more than one spends. The earn more than what you need, one needs to have enough amount of “human capital” to compete in the workplace. To achieve enough human capital, one needs education. Hopefully, this will be the focus soon of the government budget.
don2x
if this is about money to work for you, then we need first money or capital to start with. how much capital and target returns that is acceptable to majority of people.
aggie
Congrats, ambe! Have added this site to my favorites. Sana yumaman tayo lahat =)
ps. mali pala yung link na clini-click ko kanina.. hehe
Salve
Hi Jayvee, hi Joey, thanks for welcoming me here. I have a confession. Someone will have a hard time getting me off my new addiction to blogging. Journalists are feedback-crazy and the interactivity in blogging tastes like warm Krispy Kreme donuts to me! Thanks again, guys.
Salve
ei mark, glad to see you online. what a surprise!
Salve
hi wiljoe, you really think so? thanks for the note. lemme know if there is anything specific about personal finance you want to know about and we will see about getting that info. Hope to ’see’ you often!
Salve
hi sonny, thanks man! thats really cool.
manny, technistock is the platform a lot of traders use but problem is you can’t download it from the web. We published a series of articles years (sort of technical analysis for dummies). I will try to find the articles for you. I suggest you also attend seminars, but be sure to check whether the speakers are experienced and qualified!
Salve
hey Joel! thanks for dropping by!
dennis ancheta
congrats to the launching of your blog. i have read most, if not all, of your articles and i must say you are indeed touching lives by the helpful financial tips you offer. i can assure you i will definitely monitor your blog. good luck and more power!
Vir
When I count everything I and my family own, I can conclude I have more than a million worth of assets. Yet when I live everyday, I don’t live a life of a millionaire. I still have to make hard decisions where and what to spend for my money in the pocket. To feel like a millionaire, we have to constantly search for ways to earn more than we spend in a decent and honest way and by paying good taxes and what are due to folks who work for us. This way, we can expect for more blessings as we can end our day satisfied and with nothing to regret for.
Joey Alarilla
no prob salve, you’re welcome. haha, i like that — blogging is like a box of krispy kreme donuts, you just can’t stop
cyberbaguioboy
hi salve, you’re officially a blog addict
being a journalist, I do want to understand personal finance and you make it sound, well, as you said a box of Krispy Kreme haha. Congrats!
Nons
Hi Ambs! Kudos to you and your blog. You know that money could be like dry sand. If you dont know how to hold it in your hand, they will all just fall out.
I look forward to your bright tips and be rich and generous.
Michelle
“This is a blog for Pinoys who want to be money-smart, not just rich, and for Pinoys who understand that the best way to focus on that goal is to help each other.”
Hey Ma’am Salve!
Congratulations on the launch of your money blog! I will definitely be watching this space all the time! together let’s be money-smart, not just rich, and may we help each other reach this goal! (When are we going to Boracay? when are we going shopping? haha!) I miss you and hope to see you soon!
big hugs!
michelle =)
qwerty
seems like a good addition to my minis content.
i’m looking forward to more finance-related stuff so good luck.
Tee
Im glad to hear that youre starting a blog about personal finance! i read the personal finance section by citibank in inquirer.net and i find it really enlightening. personal finance and the value of saving is something everyone should now and its sad to think it isnt a fixture in the curriculum taught in school. how frequent do you plan on posting new entries on this blog? we are all looking forward to it!
tony llantada
hey salve. your blog looks good, interesting and very timely!!! we definitely have to be smart in handling money. You’re doing a geat service to those who may be needing sound and practical financial advice. Congratulations and good luck!!!
guerdon
you wanted me to comment… i’ll wait for a few more articles before giving a comment on them.
as for you… i’m proud of you. i’ll try to read as much as you write.
Alfa
This blog is indeed very timely.
Will frequent this personal finance blog for the sake of me. Hehe..
I can make use of many of the Pinoy financial mgmt stuff that this blog will definitely be sharing.
More power.
Mike
Congrats Salve! This is a topic Pinoys definitely need to know this day and age. I have been actively reading the investing and saving tips written by foreign writers (in Yahoo, CNN and MSN) and I think its about time we hear from Pinoys and learn from them how they were able to find financial independence. I look forward to reading more from your blog!
Jayson Ng, CFA
Your proposed topics are very interesting. I hope they turn out pretty well. Rgards…
melvin
Yes! It is about time more filipinos acquire financial literacy. We have the lowest saving rate in the region and the smallest capital market.
Manny : if you are interested about stocks and technical analysis, you may visit financemanila.net and tsupitero.com. Have fun.
Efren Concepcion
Dear Salve,
My first time to read your column and am looking forward to hear more of your tips.
Am actually looking for some financial investment advice for am not contented with the returns of my investments.
Hope you can spare time to assist me or give tips where i can place my investments and make them work for me as Mr. F Colayco claims.
Looking forward to hear from you.
More power to your column.
Efren
Mark G. Delfin
hehehe… well, i hope that you can somehow squeeze me into your very busy schedule the next time i’m in manila. pwera sa catching-up and all, i’m really interested in this money matter stuff, especially since i’ve been running my own small biz for some time now and i’m eager to find new perspectives being brought forward. until then, i’ll be eagerly waiting for your next blog.
Rodney
It is true, there are a lot of millionaires amongst us, since opportunities have been there three years ago.
A majority of investors, who have been buying can cash in on their investments, I am sure their earnings more than doubled.
Another industry that has a lot of young millionaires cashing in is the contact center industry, wherein bright young investors are cashing in on their investments or are hired by bigger companies at CEO rates.
Let’s just hope that the noveau millionaires can help in alleviating poverty.
Nonoy Oplas
Cool, Salve. Congrats!
I say there should be at least 2x the number of current millionaires in the country, if government does not confiscate a big amount of the monthly or yearly income of many people, the fixed income earners especially.
congrats ulit!
pinoymaclover
Wow great picture. It’s always interesting to be reminded of how things were done way before computers became an integral part of our daily lives. And the traders look pretty snazzy too.
Leni P.
Congratulations, Salve! I hope your article breeds a generation of enlightened millionaires. Looking forward to the next posting.
Angie VILVAR
Oops…i didn’t realize my comments could be published…sori classmate ha! U know me naman eh di ba…favorite subject ko ang “time value of money”…hehe
May suggestion pala ako…why don’t you interview Financial Planners from different fields. Maybe one article regarding the advise given by an FP who is a life insurance specialist, then another article by an FP who is a stock broker, then an FP from the bank, an FP from the mutual funds, an FP who is a CPA…etc. Perhaps we could hear what they have to say about specific topics you have for them which could help educate our readers on the subject matter.
corrie
hi. i am graduating student and I am really excited about exploring the real world. you know, the world different from my friday-saturday night gimmicks and vanities. (note, I have a budget for that, Im not blowing up my whole allowance!). It’s a good thing that I saw ur blog while I was reading the news at inquirer.net. I always believe in securing one’s financial future, in our world today, if u dont have money, no one else will give you, nor notice you. I look forward in reading your entries!
aileen estoquia
wow. got here from the inquirer home page. medyo familiar yung article na buying in bulk. pinag-usapan nyo ata yun sa e-group eh.
malyn
Congratulations, Be! It’s a nice read…..galing mo……
Angelo Israel, ON Canada
Your article is very informative. I’m sure many will benefit from it. Our countrymen need guidelines and directions to uplift them in their miseries.Congratulations!
louie
Hi! Thank you for sharing your knowledge on wise handling of money. This is my first time to read your blog. Honestly, it was only recently that i started being conscious of how I handle my finances. Im in my early thirties, a typical working guy, single and broke. I don’t want this to sound soapy, but hell, I desperately need some guidance. You posted an invitation for anyone who would be interested to be your ’student’. I prefer that term. I’m willing to do anything to get out of this financial rut I’m in. At the risk of sounding too hopeful; i dare to say , perhaps you could be the angel I’ve been waiting for that would show me the path to the light. Glad to hear from you.
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