How To Overcome Your Financial Dilemmas

Early this year, the US News and World Report put the Philippines on the list of top investment destinations due to its relatively large young population. It is partially made up of millennials – people who were born between 1981 and 1996. These young people are usually considered as an exceptional bunch, except they aren’t really the best generation when it comes to finances. If you are a millennial and you live paycheck to paycheck, here's how you can get around your finances.

Be financially literate

Financial illiteracy is one of the root causes of the money problems of Filipino millennials. According to Global Filipino, only less than 1% of the Philippine population invest in bonds, stocks, government securities, and mutual funds. Filipino millennials may constitute a third of the nation's population, but only quite a few are financially savvy. If you find this alarming and you want to start learning about financial management, it’s never too late!

Cut your spending to save more

Another reason why many Filipino millennials are financially incapacitated is they are bombarded with a lot of financial responsibilities. Many of them are breadwinners who constantly support their parents and pay for their siblings' education. From matriculation fees to family debts, these duties always tend to burden many young breadwinners. If you are the breadwinner of the family, you can still set aside some money for savings by reducing your expenses.

Earn extra income

Many Filipinos are affected by wage stagnation in which there's no income adjustment despite inflation or remarkable economic growth. This is according to the Philippine Economic Update report, produced by worldbank.org. If your income has not changed and is too low, making it impossible to save money, then it’s best to find other means to earn extra money.

Invest in Variable Life Insurance

Life insurance is an investment you build not for yourself but for others who depend on you. It’s not unusual that people approaching their 30s have already started a family. Plus, you might have other family members that depend on you.

To maximize your earning potential, you can get a life insurance that doubles as an investment. VULs or Variable Life Insurance pretty much gives you that: a cash-value life insurance that has both death benefit and investment features.

The investment feature works like a mutual fund wherein the cash value can be invested in a variety of separate accounts. Insurance companies like Pru Life UK - offer different types of VUL that’s tailor-fit to your needs, with flexible term options, loyalty bonuses and optional add-ons to choose from. Check out their VUL options here.

Tip: Insurance companies can help you design a comfortable investment plan that fits your budget. Set aside 10, 15, or 20% of your salary to fulfill insurance premiums.

Want to know more about Variable Life Insurance? Contact Financial Advisor Iveelene Dy on this link - https://www.messenger.com/t/iveelene.dy

Jose Sarasola says Maria Ozawa’s favorite Pinoy dish he cooks for her is sinigang na hipon

Chef Jose Sarasola has revealed his Japanese actress girlfriend Maria Ozawa has been loving Pinoy dishes.

“To be honest she really likes our Pinoy food here in the Philippines. I think she’s been trying to copy. If you check her Instagram, she has two Instagrams: one for her personal and the other for her dishes,” Chef Jose shared.

Chef Jose Sarasola said in the four to five years she’s been in the Philippines, he could tell that Maria enjoyed Filipino food including tinola, sinigang, adobo, and even monggo.

“I think she’s kinda liking our flavors which is very surprising kasi Japan kasi iba yung flavors nila eh, iba yung flavors natin eh,” he shared.

Chef Jose said whenever they went on a date and she tried a new Filipino dish, Maria would try cooking it when she gets home, adding her own “small Japanese twist.”

The Kapuso celebrity chef said her favorite dish that he makes for her is sinigang na hipon.

“I think she really likes a good bowl of sinigang which I usually cook for her. She likes shrimp so usually sinigang na hipon,” he said.

 Chef Jose has officially joined the GMA Artist Center and he hopes to have a lifestyle culinary show and act in teleseryes.

During the interview, Chef Jose said he and Maria are currently keeping their long-distance relationship strong through constant communication. – RC, GMA News

De La Salle researchers shine in 2020 NAST awards

De La Salle University faculty researchers garnered various accolades in the 2020 National Academy of Science and Technology (NAST) Awards, which honors outstanding Filipino scientists for their achievements in research and development.

Electronics and Communications Engineering Full Professor Dr. Argel Bandala earned the Outstanding Young Scientist Award in Engineering, Sciences, and Technology. The award comes with a P1 million Department of Science and Technology (DOST) research and development grant.

DLSU faculty members also earned the Outstanding Scientific Paper Award. They are Civil Engineering Full Professor Dr. Alexis Fillone, School of Economics Associate Professor Dr. Krista Yu, and Civil Engineering Associate Professor Dr. Krister Roquel, for their paper, “Comparative flood-risk assessment of different freight transport development programs,” published in the DLSU Business and Economics Review in 2019.

Mathematics and Statistics Department Associate Professor and College of Science Assistant Dean for Research and Advanced Studies Dr. Angelyn Lao and Center for Natural Sciences and Environmental Research Honorary Scientist in Residence Dr. Eduardo Mendoza, together with Dr. Carlene Pilar-Arceo and Dr. Editha Jose from the University of the Philippines, also received the Outstanding Scientific Paper Award for their paper, "Chemical reaction networks: Filipino contributions to their theory and its applications" published in the Philippine Journal of Science in 2019.

In addition, Industrial Engineering Full Professor and University Fellow Dr. Anthony Chiu received a special citation in the Environmental Science Award of the Academy.

NAST is the highest recognition body for science and technology in the Philippines. The awards program will have a virtual ceremony in July.

Animo La Salle!