• Financial Literacy

    Basic Requirements When Applying for a Business Loan – Philippines

    This post is originally shared inside Traders Lounge Facebook group by Gandakoh in the hope of increasing financial literacy. This article includes some comments from TL members kind enough to share their knowledge. Prepare the following documents when applying for a small business loan. Valid Government ID (Passport, Driver’s License, TIN ID, PRC ID, Postal ID, or UMID) Proof of Business Billing Address (Mayor’s Permit, Lease Contract, Utility Bills) DTI or SEC Certificate BIR Certificate of Registration Photocopy of audited financial statements Business background/company profile Accomplished loan application form WHAT IS A TERM LOAN? A term loan allows entrepreneurs to meet their short-term or long-term business funding needs while keeping…

  • Blog

    Investa University “Whys”

    Someone sent me a video. A part of a video of the investa university lessons. Well, I have no comment sa mga nagturo. Some of them are way too young (market years) to be doing any kind of teaching but that’s okay I guess. I saw on the video discussing bakit ka mag e-invest.  Common misunderstanding ng tao is mag invest ka to beat inflation.  Una sa lahat marami klaseng inflation so alin doon? Second misconception ng tao is yung cliche na “sa bank ganito lang interest kikitain mo kapag ilagay mo lang sa savings pera mo.”  That’s being ignorant of two things. Una na me mga bank na nagbibigay…

  • Blog

    Mentorship

    I am not a fan of paid mentorship. Let me rephrase that. I am against paid mentorship. I’m against it di dahil di sya effective but the way these paid mentorships are set up eh useless din naman. Mentorships last a lifetime. My mentor still checks up on me from time to time and I have been a pain on his ass for a decade now. Sabi nila you need to get mentor daw para mapashortcut ang learning curve mo sa trading.When you mentor someone dapat you will be there until they succeed. You become friends. You become family. I created GUT last year. These are the traders who lost…

  • Financial Literacy

    Banks, Interest rates and Diskarteng malupit.

    This post is originally shared inside Traders Lounge Facebook group by Gandakoh in the hope of increasing financial literacy. This article includes some comments from TL members kind enough to share their knowledge. Sa pagpili ng banko na paglalagyan mo ng savings iniisip mo ba ang interest rates? Malamang hindi. Ngayon turuan kita to pay close attention to its interest rates. When choosing a bank, do you pay close attention to its interest rates? While they seem to barely make any difference, interest rates are not insignificant at all—they’re a crucial part of banking, whether you’re saving or borrowing money. Ano ang interest rate sa savings account?An interest rate is…

  • Financial Literacy

    What’s the Difference Between a Credit Card and a Debit Card?

    This post is originally shared inside Traders Lounge Facebook group by Gandakoh in the hope of  increasing financial literacy. This article includes some comments from TL members kind enough to share their knowledge. The key difference between a credit card and debit card lies on where the money used for payment is taken from. Credit card – ang pag gamit ng credit card ay pag utang ng pera sa banko para ipambili ng nais mo bilhin. May iba ibang limit ng pera na maximum mo na magamit ang bawat credit cards. Ang total na pera na pwede mo magamit ay nakadepende sa iyong credit card limit. So, dahil ito ay utang…

  • Blog

    Life Insurance Fun Facts

    Do I need a Life Insurance? Hello my Traders Lounge Family! What motivated me to write this article is my fellow millennial who are trying their best to be financially responsible. Here, I will share my thought process why I decided to get a life insurance and some fun facts you need to know about life insurance.  It was 2015 when my friend approached me if I’m interested to get a life insurance. I did not really know how it will benefit me then. What caught my attention is I can grow my money in just a span of few years. My financial adviser convinced me by when he told…

  • Blog

    Managing Personal Finance

    Managing Personal Finance is written by one of the contributors of this blog. Everything written is based on personal views and experience  where we can learn and relate from or share the same sentiments.  Hello my TL family! In this article I will share my personal experience as someone who has an 8-5 job. I’m an average person. Far from being a millionaire. Just earning enough to provide for my personal needs and a little extra for my family. Save some and invest some.  Let me share with you my personal journey from living YOLO (You Only Live Once) to becoming a financially responsible adult. SPEND MORE. SAVE LESS. If…

  • PAG-IBIG FUND Multi-Purpose Loan
    Blog

    PAG-IBIG Fund Multi-Purpose Loan

    Do you have any immediate financial need? Any emergency that is in need of cash assistance?  This article will guide you through the step by step process of how to avail the PAG-IBIG FUND Multi-Purpose Loan.  The Pag-IBIG Fund Multi-Purpose Loan or MPL is a cash loan designed to help our members with any immediate financial need. A member can borrow up to 80% of their Pag-IBIG Regular Savings, and can be processed in as fast as 2 days!  WHO MAY FILE/AVAIL? Any Pag-IBIG Fund member who satisfies the following requirements: 1. Has made at least 24 monthly membership savings (MS);  A member who has withdrawn his MS due…

  • Blog

    Kung Pinoy Ka, Basahin Mo Ito

    Third World Country Sa bansa natin para ka maka survive kailangan mo kumilos. Walang rasyon ng pagkain. Walang libre na pagpapagamot sa pangkalahatan. To survive pa lang yan. Kung gusto mo pa umasenso kailangan mo dumoble kilos! Pinoy/Pinay Kaya ako proud sa lahi natin kase despite sa mga challenges eh lumalaban tayo. Kahit grabe trapik pumapasok pa rin sa trabaho. Gumigising ng mas maaga. Nagtatrabaho sa ibang bansa titiisin ang pagod at pangungulila para lamang matulungan ang Pamilya. Bilib ako sa lahi natin kasi kahit napabilang tayo sa third world or developing countries eh we are surviving. Paano pa kaya kung yung bansa natin eh kasing lucky ng ibang bansa…

  • Financial Literacy

    How to Pay Bills, Goverment Contributions and Many More Using an App?

    This post is originally shared inside Traders Lounge Facebook group by Gandakoh in the hope of increasing financial literacy. This article includes some comments from TL members kind enough to share their knowledge. Here is MONEYGMENT APP: https://moneygment.ph/ Pwede ninyo ma download sa app store. HOW TO REGISTER TO MONEYGMENT Download the Moneygment app from the Apple App Store or Google Play Store Open the app and tap the Register Now button. Enter your email address. Create a password and enter it twice on the app. Tap the Register button. Check your inbox for a verification link from Moneygment. Click on the link to verify your email address. Once you’ve…