7 Unaccounted Expenses That Burn Your Money
- By Moneymax
- September 5, 2014
Filipinos’ usual financial monthly routine goes around with income and expenses. Once they get their paycheck, it will be allocated to their expenses and then save what is left. But essentially, money experts advise that people should save first before even using their funds for their expenses, but that’s not the case for everyone, since we’re dealing with different amount of income, sets of expenses and attitude towards money. Here are common things people unknowingly burn their money on: Table of ContentsBuying on non-sale seasonNot adjusting air-con’s temperatureShopping at the wrong storeIgnoring generic brandsBuying insurance you don’t needKeeping unhealthy habitsPaying ATM Fees Buying on non-sale season Planning your purchases has always been wise. If you shop for your things on the same place, you would know when they will have a drop on their prices and schedule of their sale. Truly, timing is everything. Not adjusting air-con’s temperature Save five to 15 percent from your electricity bill by adjusting aircon’s thermostat for hours – especially when the temperature outside is fine. It’s better though, when it automatically adjusts. Shopping at the wrong store It’s convenient to shop at one place, but if you consider real savings, buy them on the store specialized for them. For instance, don’t buy medicines on the supermarket or don’t buy bags in the bookstore because usually it’s more expensive. Also, buying at a convenience store is convenient but it’s never money-friendly. Ignoring generic brands We all have that love and trust for brands, but if you really want to be an effective money-saver, buy the…
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How to Clean your Car Properly
- By Moneymax
- September 4, 2014
Our cars need shower, too. Dirt can pile up and give it an aged look. There is no other way to keep your cars clean but you or anyone get cleaning equipment and give your cars a good scrub. Though cleaning your car on a schedule is a good idea, doing it the wrong way may be costly to you as it may tear down your car which may not be covered by your car insurance. Here are tips on how to do it the right way: Table of ContentsFabric Car SeatsLeather or Faux-Leather SeatsTinted Car WindowsEngineTires Fabric Car Seats Use a vacuum cleaner to get debris from the seats and the rest of car’s interior. This will prevent you from tracking dirt on your seats while washing them. Soak a sponge on hot water and scrub the seat but don’t get it too wet. If you think it’s evenly moistened, dip a towel into your bucket of cold water to scrub the excess dirt. Read more: Cool Car Gifts for Car Lovers Can a Dash Cam Reduce Car Insurance Costs in the Philippines? Got a New Car? Here’s What You Should Before Hitting the Road Leather or Faux-Leather Seats Vacuum the seats and the rest of the car interior. Apply car upholstery cleaner in the amount directed in the packaging. Wipe down the seats with moist chamois. Make sure that the cleaning agent is entirely removed. Allow the seats to dry naturally. Tinted Car Windows A layer of film makes a car tinted. It takes utmost care so as…
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Basic Car Brake Troubleshooting You Need to Know
- By Moneymax
- August 28, 2014
One of the known causes of reported vehicular accidents is the loss of brakes. Your brakes are one of the most important parts of your car. So whenever you’re uneasy with it, you need to do some troubleshooting right away. Just in case that calling your car insurance provider is not possible at any moment during this extreme emergency case: Table of ContentsBrake pedal goes too far to stopBrake boost power is badBrake pedal is too firmBrake line is obstructedBrakes grabbing or pullingVibrating pedalDragging brakesBrakes make squealing or whining or clunking sounds Brake pedal goes too far to stop When you step on the brake and it feels like you’re going too far down, check your brake fluid. If it’s low, top it off to the mark on the side of the reservoir. It can also be because the brake fluid is polluted. Air can enter through the smallest hole. There’s no way to check for this, but to replace it with new fluid. Worn brake pads could also be the cause as it should never wear low enough to cause your brake pedal to feel low, they’ll scream at you before then. But if they do get very low, replace your brake pads as soon as possible. Brake boost power is bad If your brake booster goes bad, you’ll have low brake pedal issues. Since brake boosters are controlled by vacuum, you need to check the special vacuum measurement device that connects to the brake booster. Read more: Killer Highways: 10 Most Accident Prone Roads in the Philippines 5 Craziest Car Accidents People…
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Best Picks: Surfing Destinations in the Philippines
- By Moneymax
- August 26, 2014
What makes the Philippines a top Asian destination for beach bums and thrill seekers? Claimed as the world’s center of marine biodiversity, the 7,107 islands of the archipelagic nation offer an amazing range of water sports such as surfing – in addition to this perfect weather for surfers. Read More: 10 Cheap Barkada Destinations in and around Manila Since it may be difficult to experience all of these populous and remote islands, we have listed the best surfing destinations in the Philippines that you shouldn’t miss. Table of ContentsSan Juan, La UnionSabang Beach and Charlie’s Point in Baler, AuroraSan Antonio and San Narciso in ZambalesDoot Poktoy in Lanuza Bay, Surigao del SurPuraran Beach in Baras, CatanduanesCloud Nine in Siargao, Surigao del Norte San Juan, La Union Also called the surfing Surfing Capital of the Northern Philippines, San Juan is known for its consistent quality surf that is perfect for longboarders. It is home to the Billabong San Juan Surf School of Luke Landrigan. In terms of food and accommodation, there are a lot of restaurants and resorts in San Juan which are budget-friendly. Most surfers choose The Circle Hostel which is just 200 meters away from the beach. If you want to stay in an upscale boutique resort, Kahuna Beach Resort and Spa is the top choice of most tourists. Sabang Beach and Charlie’s Point in Baler, Aurora Baler is one of the most popular surf spots in the country. Just six to seven hours away from Manila, most surfers travel in groups and rent a van to minimize expenses. Sabang…
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Safety Tips Before a Long Drive
- By Moneymax
- August 19, 2014
Everyday, we see all kinds of vehicular accidents reported in the news. But even though it’s still deemed a theory, the thought of any road accident is never a favorable situation to be in. It’s definitely nothing short of a nightmare and will eat up a lot of time and resources. Read More: 5 Amazing Destinations near Manila You Can Drive to This Weekend 7 Productive Things You Can Do on a Long Weekend There’s only so much we can do to protect ourselves. Not riding any form of transportation or being in a long trip in our lifetime is close to impossible. While there are some things that are beyond our control, there are also some things we can do something about. Here are basic reminders for you before leaving for a long drive: Table of ContentsCheck your medical condition.Check your car’s condition.Dress in your most comfortable clothes.Be ready with basic necessities.Don’t drink and drive.Get car insurance. Check your medical condition. Before any kind of travel, make sure you’re in your best medical condition. This is important because any slight mishap or sudden moves of other cars may shock you. Also, in case of an emergency, you have to be able to think and act fast. Being healthy is imperative, and all your senses must be in their best conditions. Check your car’s condition. Always make it a habit to have your car checked on a regular basis. Much more if you’re going for a long drive since you’re prone to more danger, statistically. Remember BLOWFATCH or: B– Battery,…
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Saving Tricks for Housewives
- By Moneymax
- August 15, 2014
The pressure of handling household finances well on top of juggling domestic chores makes every housewife roll their eyes – every day. That’s one amazing multitasking magic all housewives do for their family. Most of the time, you would think, setting aside for their family’s future (or even for tomorrow) could be tricky during this time. Here’s how to help all these women of wonders on their daily battle with finances: Unplug when not in use. This may be computers, electric fans, television, cell phone or laptop chargers, microwave ovens, or rice cookers. You may not literally save money, but you’ll be cutting off unnecessary costs from your electricity bill. It also pays to turn off the lights when no one is in the room, and use natural sunlight instead. Cook big. Others might probably tell you you’re wasting money, and you should always cook just enough for you and your family. However, that logic isn’t going to help your money-saving strategy. This is possible if you manage to find the best place to buy cheap bulk food. Then, you can cook a lot. Serve only what’s good enough for everyone and proceed to save the rest for other days. You’ll be saved from needing to run down to the store to buy ingredients after every day or so and the hassle of thinking of another menu to cook for supper. Small is good. You don’t have to beat yourself up over having a “small savings.” Savings is savings, and it’s better to have a little and some, rather than…
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Money-Saving Tips for Entrepreneurs
- By Moneymax
- August 12, 2014
Venturing into a business requires you a great deal of money for capital. That’s really how it works at first. But you can regain what you have invested when the time comes that your business runs smoothly on its course. Here are some tips on how you can cut costs and save money! Table of ContentsWork from home.Maximize applications and remote-working software.Take advantage of free software.Set aside an emergency fund.Educate yourself. Work from home. When your start-up develops and your pool of employees starts to grow, an office where you can all work is indeed mandatory. However, in your team, there may be roles and responsibilities that do not require the person to stay all day in the office. For some types of jobs, working from home can be more efficient. Remote working reduces travel costs and stress among your employees, which improves work-life balance. It also provides eco-friendly benefits. Imagine how much gas you can save when you don’t have to drive just to get to work. You can also save on utility bills and office supplies. Maximize applications and remote-working software. Talk with your employees even when all of you are located in different places. Use chat and videoconference programs when working remotely. You may take advantage of technology and find alternatives in making your start-up come to life. Read More: 6 Big Challenges Startups Must Prepare for in the First Three Years Take advantage of free software. There is a lot of available software you can use; you don’t have to spend a lot of cash just to…
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Guidelines on Buying Used Cars
- By Moneymax
- July 25, 2014
In this age when prices of main commodities are high, why would you even buy a brand new car if you can purchase a used-but-good-as-new one with almost half of the price? Used cars are raging in the Philippine auto industry today. Take it from all the online community where car advertising websites and car sellers are in speaking terms. Read more: Guidelines on Buying a Brand New Vehicle Buying second-hand cars can help you get value for your money. However, purchasing one is more difficult than getting a brand new one. Here’s what you need to know and do before you buy a used car: Table of ContentsMake a target car listRead reviewsMeet the sellerInquire about repairsHave the car inspectedNegotiate to lower the priceTest drive the carInvolve yourself on the paperwork Make a target car list Compare all the cars in your mind with your budget. Check your prospect’s specifications, variant, and model. This way, you can trim down all your options and will just stick to what precise car you really need and want. Read reviews Compare prices and read reviews of your desired car. Listen to what others have to say especially who has their first-hand experience of buying or owning the car. If you’re looking online, check out what netizens have to say about a certain post. Most of the time, they give out the information you’re looking for. Meet the seller Sometimes, you don’t get what you really want when you see posts online or talk to the seller on the phone. It’s best to…
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How to Save Money on Car Insurance Premium
- By Moneymax
- July 24, 2014
Truly, car insurance monthly premiums don’t come cheap – neither any kind of insurance nor any that has ‘monthly premiums’ in it. Your age, gender and sometimes, the profession can help in making cheaper car insurance premiums. The problem is that you can’t do anything about it. (Ha!) Here are achievable ways to minimize your monthly premium. Bring your money back to your pocket with these tips: Table of ContentsExamine your coverageUnderstand your ‘Excess’Ask for higher deductiblesHaggleDrive safely Examine your coverage Read all the details on your car insurance. It literally and figuratively pays to know every detail, line-by-line, of your cover; remove items that you think you don’t need. For instance, you don’t need a rental car while your car is being repaired because you have car #2. Or an additional personal accident coverage since you already are covered by your medical insurance from your office. Save more by trimming down your coverage. Understand your ‘Excess’ Excess something that you have to pay your insurance company before you receive the full amount of your claim. If you do the math, your insurance company will pay you if the cost of the claim exceeds the excess. Otherwise, you will pay them. Then how could it be a money-saving move? If you think you are a better driver with a good record, choose a higher ‘excess’. But if you think you’re a bit of accident-prone, it’s smart to choose a lower ‘excess’. Read more: Affidavit for Car Insurance Claim: Why You Need It and How to Get One 8 Possible Reasons Your Car Insurance…
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Budgeting Tips for First-Time Employees
- By Moneymax
- July 21, 2014
Congratulations, you’re on the first chapter of financial independence. Getting your first pay is undeniably one of the most unforgettable experiences of your working life. But as Uncle Ben says, “With great power comes great responsibility.” Welcome to the real world of never-ending bills! read more: 5 Reasons Why Pinoys Overspend As fresh graduates, no one can be choosers with jobs. Ideally, we apply for jobs that could give us the best experience rather than prioritizing the pay. Most likely, you’ll get lower than you like so budgeting and a lot of financial juggling is a good skill to master. Here’s how to make it possible: Table of ContentsMake a daily budget.Take note of your ‘wants’.Develop a habit. Make a daily budget. As you may probably be living from payday to payday on your first job, creating and sticking to a daily budget from your salary is important. Planning your day and budgeting from your transportation expenses, lunch, and emergency fund (or emergency gimik) is fundamental. Religiously compute your other expenses such as your rent, phone bill, utilities, etc. Unless you have a transportation allowance, be frugal on your commuting expenses. Take the bus or train instead of taking cabs. On your food, take time to prepare if you really have the tight budget than buying from somewhere else. The money you will save after budgeting your apparently small, daily expenses will be big savings if you’re going to compute it on a month’s time. For example, if you take the cab instead of trains: P100 of taxi vs. P50 of…
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How to Earn Air Miles with Credit Cards
- By Moneymax
- July 19, 2014
For travel junkies, one of the perks of owning a credit card is accumulating air miles. Air miles or airline miles are rewards from your credit card that can be in exchange for flight tickets or booking discounts as well as any other travel-related expenses like hotels, seat upgrades, vacation packages and more. Thanks to the frequent flyer program rewards that evolved into something like this. Here are some ways and steps to earn miles from your credit card: Table of ContentsMiles for MilesIn exchange forgoods and servicesUpgrade to travel-related expensesAir miles conversionAccumulate pointsHow to redeem the air miles Miles for Miles If you’re not a co-branded credit cardholder, you can buy a plane ticket, whether domestic or international, to obtain miles. The more frequent you travel, the more points and airlines you can get. The miles also vary on the ticket type you book – economy, business, first class. In exchange forgoods and services You earn air miles when you use you’re a co-branded credit card (partners with an airline company) on buying goods and services. You can convert the points into airline miles after then.Your accumulated air miles cover a percentage of the actual ticket price you’re intending to redeem your air miles on. Upgrade to travel-related expenses You may also choose to use your air miles to upgrade your seat from economy to business or business to first class, get discounts on hotels, and other travel-related expenses—the availability of which will depend on your credit card provider, the airline of your choice, your destination, and the air miles program…
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Best Broadband Internet for Small Businesses
- By Moneymax
- July 15, 2014
Venturing into business is a risky move because of the fact that you invested your hard-earned money. It is one of the reasons why you should think twice or more about aligning your budget on the things you will buy and invest in for your business like your broadband internet. Since you should be budget-conscious and profit-oriented, the monthly cost and contract must be on top of your considerations. The cheapest one doesn’t always give us the best service or may not be suitable for our needs. Also, we always want the best and the fastest, but the budget isn’t that adjustable. Here are the most suitable broadband plans for your small business: Table of ContentsPLDT Home myDSL Plan 999Wi-Tribe Plan 998 (Fixed Modem)Sun Broadband Unlimited Plan 799Sun Broadband Plan 799Globe Tattoo Home Broadband LTE Plan 1099 Bundle (With Landline)Bayan bayanDSL Plan 1699 (Stand-Alone)Smart Broadband Pocket WiFi Plan 495 PLDT Home myDSL Plan 999 PLDT Home myDSL Plan 999 is a postpaid broadband plan. In this case, you will need to pay for PHP999 every month for a lock in period of 12 months. You can browse up to 3MB/sec, unlimited. It comes with a bundle of landline with free PLDT to PLDT calls for one year. Plus a WiFi modem and free installation fee. No upfront costs but you need to apply with necessary documents like proof of billing and ID’s. As of writing, there’s a promo of 1 Blockbuster movie from Clickplay. Read more: Complete Guide to PLDT Plans: DSL, Fibr, and Home WiFi Wi-Tribe Plan 998 (Fixed Modem) Wi-Tribe boasts service…
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Signs You’re on the Right Track in Life
- By Moneymax
There is a certain point in life where you feel a slight impression of contentment because you sense that everything is going the way you planned it to be. Well, congratulations! To keep you more aware, here are some signals that you really are on the right track: Table of ContentsYour finances are stable.You accept the things you cannot change.You understand that it’s okay to fail.You try not to make the same mistakes twice.You have full control over your attitude.You can take care of yourself. Your finances are stable. You have a good income stream enough to cover all your expenses to pay your bills and your mortgages. You have a healthy savings account that can sustain months of unemployment. Building this little blanket for your future may just be the beginning, but it’s a good start. And most importantly, you have enough knowledge to manage all these cash flow of finances. You accept the things you cannot change. You have come to a point where you can accept your flaws and weaknesses, your irresoluble past and things which are out of your control, and people’s attitudes towards you and one another. You are now focused on your strengths and how are you able to improve yourself. You understand that it’s okay to fail. Rejection and failure has become a door to more opportunities and better experience. Sometimes, the more ‘No’s’ you get, the better because you get closer to the ‘Yes’ that could come to you because of the previous failure and rejection. Now, you fully understand that these…
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Reasons Why You Should be Cautious About Online Shopping
- By Moneymax
- July 11, 2014
Online shopping is becoming more and more handy to consumers over time. Now, you can do the end-to-end procedure of online shopping – from comparison to payment to delivery options in few clicks. Online shopping really made our lives easier; however, you should always be cautious when doing anything online especially when it comes to your credit card security because for sure, it will be nothing but costly on your part. Table of ContentsIt is convenientYou’re emotionalPricey delivery feesUnplanned purchasesUnsecured sites It is convenient People tend to be lax when something comes out convenient. In terms of technology, the dependence is just too much when it is being spoon-fed. Technology is never bad, but people’s utilization must always be in its utmost responsibility. Always check whatever you input and access online and research first on information that could help you on your decisions. Read More: Asia’s Top 5 Online Fashion Shops 12 Budget-Friendly Online Furniture Stores in the Philippines You’re emotional You feel you deserve to have something right there and then and to takes the stress away, a lot of people tend to buy things for relief of depression and self-esteem. Shopping therapy is easier to do now where you can access e-commerce websites on whatever internet-enabled gadget. This attitude, however, has to stop because most likely, you will but things that you don’t really need. Result? Financial disaster. Pricey delivery fees You may get attracted with online sales which are everywhere now, but also take note of their delivery charges. You may get the best deal out there…
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Commuter’s Everyday Dilemma
- By Moneymax
- July 10, 2014
Philippines probably holds the title of having one of the most horrible commuting problems in the continent. Worse, no serious and visible solutions have been made yet to ease every commuter’s agony. Worst, we don’t have a choice. Here are common commuter problems we experience every day. Every. Day. Table of ContentsUnbearable TrafficInconvenient TransportSelfish Co-passengersAbusive DriversCrime Unbearable Traffic Whether you’re in commute or in private vehicle, heavy traffic in the Metro has been a big concern for decades now and even goes worse during bad times especially now, rainy season. Most days, you have to wake up super early in the morning just to avoid the rush hours where the queuing is bad. You have to make grace periods when you’re into back-to-back meetings wherein you have to go places. You have to spend a valuable time of your awake hours off the road because of the unending issues of traffic. Inconvenient Transport Commuting is the cheapest way to go to any destination, but it is undeniable that sometimes, you have to suffer some inconvenience while on the road. MRT/LRT, buses, jeepneys, UV Express comes with cheap transportation costs but you are prone to first-hand experience of petty fights over a space because of face-to-face encounter with co-passengers. Most drivers or owners will surely maximize every space available in the vehicle. Most of the time, commuting means inconvenience. Selfish Co-passengers It’s very rare that you won’t encounter people with zero empathy. Most of the time, they will sit on the farthest part of the jeepney and will roughly ask you…
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Financial Advices We Learn from the Bible
- By Moneymax
- July 7, 2014
Many believed that the Bible teaches us to be anti-money or anti-rich, but if you devote your time reading through it, it will show all of us that we really need to have our finances aligned. Here are verses that will enlighten us on money management: Table of Contents1 Timothy 6:9-11Proverbs 3:9-10Proverbs 13:11Proverbs 21:5 1 Timothy 6:9-11 “For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.” We often hear “Money is the root of all evil” but we forget the phrase from the verse, “the love of money” and its true context. Money could be the root of all evil but more so of the lack of it. Many people are trapped into the temptation of excessive money and lavish lifestyle, more than what really one needs. With that, people get the impression that money is always bad – it’s not. Money should be an instrument to give you and your family a good life and help other people to feel the same way. Proverbs 3:9-10 “Honor the LORD from your wealth and from the first of all your produce” This means a proper allocation of your wealth. Obligate a portion for your needs, a portion for your savings and most importantly commit a tenth of your income to the Church or your place of worship. Also, it is said that the more money you make, the more you should give. The more spend on yourself, the more you should give for…
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Are You Prepared for the Next Disaster?
- By Moneymax
- July 3, 2014
The thing about all kinds of disaster is that it can come anytime without any notice. Sometimes, it feels daunting to prepare for the bad times, just like paying forany kind of insurance that you never want to use. But can you imagine what could happen to you and your loved ones in case you’re all caught unprepared with earthquakes, typhoons or tsunamis? Do something now. Table of ContentsBe in-the-know, always.Create a disaster plan.Save up now.Always keep your communication lines open.Be (really) prepared. Be in-the-know, always. Spend time reading the news for you to be in the loop of everything. Today, the information is just waiting to be recognized as they are everywhere. Watch television and there is news; turn on your radio, they will give you news; go online, even in your social media, and you can seeshared news. Be empowered with information and use it to be more prepared on any disaster-whereabouts. Create a disaster plan. Reduce panic among your family members or even your neighborhood by talking about emergency plans during disasters. Being emotionally-prepared about any possibilities can help each one of you to relax a bit which could be a great help during crisis because you all know what to do. Save up now. We all don’t know what to expect from any disaster that may come with regards to how disastrous it could be. We’re just sure that we’re going to be affected no matter how big or small it is. In that case, save up for possible job loss, house repair, disability or even…
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Skills Every Business Owner Should Master
- By Moneymax
- July 2, 2014
Venturing into business requires devoting a big part of yourself. Not everyone endures starting a business because there are certain abilities and talents one should implement every time. But whether you’re a pro or an amateur in business, here are skills you should master: Table of Contents1. Making Sacrifices2. General Understanding of Cash Flow3. Being Realistic4. Good Sense of Tracking5. Multiplying yourself6. Knowing when to QuitFinal Thoughts 1. Making Sacrifices Since you need to give a big chunk of your time to grow your business, you’re going to miss Friday nights out with friends, bonding time with family, regular sleep and a possibility of losing your life savings. This also goes with balancing your needs and wants so that you can follow through with your financial goals. 2. General Understanding of Cash Flow Your capital is the biggest part of the investment. It doesn’t necessarily mean that it should always be big. It just needs to be well-allocated. Your gross income should be bigger than your expenses to come up with your net income or your sales. If it turns out the other way around, it’s your business’ loss. 3. Being Realistic Like every aspect of life, anything can happen. You can hope for the best but expect the worst. Do your best and make the most out of your time, effort, and resources. The main key is to be organized on everything. That will help you be in the real status of your business. 4. Good Sense of Tracking Master a good sense of tracking, especially if you’re in the…
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7 Signs You’re Not Ready to Get Married Yet
- By Moneymax
- July 1, 2014
Getting married not only entails a big amount for the wedding, but this will drastically affect your finances with your life partner in the long run. Age is also not the sole basis of readiness for marriage. You could be 18 or 50 years old but still willing to commit. Do not be swayed easily into making this big decision. Here are common signs you’re not yet ready to face the next big chapter of your life: Read More: Are You Financially Ready to Get Married? Table of Contents1. You’re in an unsteady relationship2. You’re just pressured 3. You’re still romantically-in-love with your partner4. You have unstable income5. You have trust issues6. You’re unwilling to compromise7. You have no big picture plans 1. You’re in an unsteady relationship Your on-and-offs are bad signs that you can’t handle a relationship. It doesn’t always mean that if you’re in a long-term relationship, you’re good to go. If you can’t handle the worst from a person now, you really can’t handle it even more in the period of marriage where problems are bigger and complicated. 2. You’re just pressured Are all your friends and family walking down the aisle? Have you been so romantic about these trending stage wedding proposals? Don’t let external burden interfere your life decisions because after all, it’s your life and not anyone else’s. 3. You’re still romantically-in-love with your partner Some experts say that if you’re past the romantic love, then you’re ready to go. Most new lovers are still in the stage of getting to know each other, everyday praises, every minute of…
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Why Most PH Politicians are Rich
- By Moneymax
- June 28, 2014
While our country is in the midst of political transformation by eliminating corrupt leaders, let’s all be rational and stop overly criticizing the individuals who won the majority of our votes during the previous elections. Just because most of them are rich doesn’t mean all of them are corrupt. Come on, all accused are innocent until proven guilty. (Besides, there are some congress leaders who are average Juans with financial figures that are incommensurate to their ages and expertise.) Here are five reasons why we think Pinoy politicians are rich: Table of ContentsInheritanceBusinessConjugal RightsEntertainment IndustryIll-Gotten Wealth Inheritance Since most of our political leaders are from the elite class, there’s no doubt that the majority of them inherited large sums of money, properties, and other high-value assets. Coming from a wealthy family almost completely guarantees lifelong financial security and comfort that is quite difficult to reach after a few years in the office. If you try to analyze the behavior of the electorate, the majority of Pinoys vote a candidate based on popularity and wealth. It’s like a competition between the elites and the commons. Whoever has the most money, air time for ads, and giveaways during the campaign period is most likely to be elected. Now, the question that some of us have been begging to ask is: Why are most people questioning the fact that we have a lot of rich politicians? Business They have businesses and not all are monkey businesses. Before some of them ran for office, they already have existing legitimate businesses that have been a…
