Couple Diego and Bianca have finished their one-year life experiment with Money Makeover and the main events of that story is published today in page B2 of the Philippine Daily Inquirer. They have decided to continue having a financial planner and asked Nannette Ferreria, wife of Augustus J.V. Ferreria, to take that role. (This is their personal choice.)
In this video, the Ferrerias give a brief summary of what happened during the one-year experiment and how the couple should move forward. Enjoy.
July 29th, 2008 at 1:19 pm
Stocks are not strictly long term. It actually depends on your saving goal. If you just want to increase capital then short term is good. Having said that, you have to study first how the stock market works before trying putting all your money in it.
@momsie
Settle your debt first. Set aside every month an amount you need to pay off the debts. Do this with discipline. That includes not adding anymore to your debt. When your debt is totally gone, set aside a portion of your income for savings - religiously. And no more debt.
July 28th, 2008 at 1:38 pm
anonymous, for P100K, i suggest you put it in a safe investment for now e.g., time deposit and roll it over. Stock market is good if you go for long term (>5 yrs) and buy only the blue chips. At present, the stock market is not a good place to put your money unless you are prepared to go for long term. Unfortunately, for the savings you have, you do not have enough choices that will generate more income with very little risk.
July 25th, 2008 at 4:53 pm
i read the article and it is inspiring. it is never too late to start.
is it possible if i could also get advice on the same financial matters and saving? one of my problems is being in debt and not being able to save.
July 22nd, 2008 at 9:09 pm
hi…can i ask for the name of the website where bianca played the virtual stock market? i wanna try it myself. also, i don’t know if it is part of this blog but i was hoping to ask for advice. i’m a 20-something lass who is currently in between jobs. i have around Php100k in my savings and i’m wondering what’s the best way to invest it?
July 22nd, 2008 at 6:47 pm
“money begets more money”.
Now im more inspired to save save and save more. Thanks for the vid. Very informative.