Tips from Francisco Colayco on how to save, invest wisely Published Updated. According to the Bangko Sentral, only 20 percent of Filipinos have savings bank accounts. This is mostly because, according to those without savings accounts, they did not earn enough to save. Francisco Colayco is the Chairman of the Colayco Foundation for Education, and published several books on investment and financial planning. Understand risk and don't make bigh purchases you're not sure you can pay. But the risk, we can.
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Tips from Francisco Colayco on how to save, invest wisely Published Updated. According to the Bangko Sentral, only 20 percent of Filipinos have savings bank accounts.
This is mostly because, according to those without savings accounts, they did not earn enough to save. Francisco Colayco is the Chairman of the Colayco Foundation for Education, and published several books on investment and financial planning. Understand risk and don't make bigh purchases you're not sure you can pay. But the risk, we can. Having said that, we should be aware that whatever we invest, we can stand to lose. Asked why some high-income people also find it difficult to save money, Mr.
They have enough for a down payment, they make the purchase. For people with regular jobs and regular pay, Mr. Colayco recommends that 20 percent of their pay go to savings.
If you have a family, insurance is technical, not an investment. Insurance is protection. And when you retire or resign, they give it to you. Colayco has some advice for those with irregular jobs or low income as well. So you have to find a little extra income. The remaining 40 percent should be set aside for savings, some leisure money, clothes, etc. To watch videos from past episodes of the program, visit their webpage at gmanetwork.
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How to Grow Your Money in the Next 5 Years
Nowadays we see a lot of commercials on how we can invest our money in banks and insurance companies. But where do we start? Is there a simpler way of understanding investments? Opening a bank account or having an ATM is simple. The challenge is to grow the money inside your account.
Tips from Francisco Colayco on how to save, invest wisely
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