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Three Basic Ways to Make Inheritance

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"Pamana", the Filipino term for Inheritance, is always a discussion, if not a dispute in most of the Families. But in this blog, I will not tackle the dispute side, but rather, I will share Three Practical Ways of accumulating inheritance.  But what is inheritance for? Most of the people looked at it as a "Gift" (legal gift) to the left behind family members. For whatever reason, the inheritance serves it purpose for the family members. But for some, inheritance is like a "Protection" for the family members, that their child could continue studying, for his/her partner not exposed to financial shocks, and to pay unpaid loans in case of death.  But How can we build Inheritance? Here are the three usual ways of accumulating inheritance.  1/ Inheritance in the form of Properties This type of inheritance is the usual type Filipinos prepare. During a persons' active career life, they try to acquire properties such as land, vehicles, jewelry a...
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Listen: Do Not Set Aside Financial Matters

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In the course of my Financial Advising Journey, I am amazed how the majority of the Filipinos do not discuss openly the Matters on Money. They present different sets of behavior such as avoiding the topic, changing the discussion, or sometimes, suddenly changes the tone to the extent of disconnecting with you. FRIENDSHIP over. Sad. Why do we have this kind of patterns? Well, we could probably root this behavior to our concept of Traditional Religiosity as with the common concept of "Money is the Root of All Evil". Well, I argue that Greed is the root, not Money. Money is just a material invention of society used to acquire limited resources that we need to live comfortably. But with the Filipinos, most of us relied on too much Fatalism, or belief that the heaven will provide. I do not argue to stop believing, I argue to start ACTING. I say, DO NOT set aside Financial Matters, because this is a crucial component of our well being. Financial aspect of our life is the ...
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