2 Ways to Get the Highest SSS Pension

The COVID pandemic made us realize the importance of preparedness in health, finances, and job security. The SSS pension, for example, is one of the most sought-after retirement packages for Filipinos. Many rely heavily on their SSS pension, which is why it is a common topic for discussion between peers. Thus, it makes sense to ask, “How to maximize the SSS pension?” Federico Suan, Jr.Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, business owners, company directors, and OFWs to minimum wage earners had sought advice from him in achieving lifetime financial freedom. thewiseguyph.com

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Pros and Cons of Credit Cards: Things You Must Know

Credit cards are a double-edged sword. On one hand, they can be useful for building credit and making small, regular purchases that you wouldn’t have the cash for otherwise. On the other hand, having too much available credit makes you spend more. Fortunately, there is no right answer when it comes to credit cards and their financial benefits or drawbacks; it’s completely up to you. The trick is knowing whether you fall into either of these categories. Do the downsides outweigh the upsides in your situation? Read on to discover if you are indeed a victim of your credit cards. Federico Suan, Jr.Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor […]

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SSS Retirement Benefit: An Easy to Follow Guide in Computing Your Pension

SSS retirement benefit or pension as we normally call it is one of the few benefits employees are entitled to receive when they retire. So before you empty your savings by joining the YOLO, you will only live once, and FOMO, fear of missing out, craze you may want to consider how much you’ll be getting from SSS by the time you’ll retire. Are you ready to know how small it will be? Federico Suan, Jr.Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, business owners, company directors, and OFWs to minimum wage earners had sought advice from him in achieving lifetime financial […]

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UITF 101: Ultimate Guide to Investing in UITF in the Philippines

Unit Investment Trust Fund (UITF) is a pool of investments from various investors like you. It will let you invest with little capital. It’s a good investment vehicle for those starting to invest but with a busy lifestyle. UITFs are offered mainly by banks. On the other hand, insurance companies offer mutual funds. They are almost the same but with different advantages. Federico Suan, Jr.Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, business owners, company directors, and OFWs to minimum wage earners had sought advice from him in achieving lifetime financial freedom. thewiseguyph.com

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Which is better between Finance Charge and BPI SIP Loan?

Being a credit card holder, knowing how to maximize its uses is an advantage. For example, you can get the best deal out of your credit card while building a good credit score. In the Philippines, BPI is one of the leading credit card issuers. If you have a credit card with them, it’s best to know the possible charges it may incur, such as finance charges, cash advances, BPI SIP loans, and other bank charges. Federico Suan, Jr.Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, business owners, company directors, and OFWs to minimum wage earners had sought advice from him in achieving lifetime financial […]

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How to Claim SSS Death Benefit in 5 Easy Steps

Beneficiaries of a deceased member can claim two benefits, i.e., funeral and death benefits. The SSS funeral benefit is a lump-sum amount. On the other hand, the SSS death benefit is either a pension or a lump sum, depending on who claims it and the number of contributions paid before the semester of death. Here is a complete guide to help you claim the two benefits. Federico Suan, Jr.Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, business owners, company directors, and OFWs to minimum wage earners had sought advice from him in achieving lifetime financial freedom. thewiseguyph.com

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My Ipon Diary: A Realistic Approach in Starting Your 52 Weeks Challenge

Last January 20, 2018, Chinkee Tan had released a new book called “My Ipon Diary” which is a follow-up to his successful book “Diary of a Pulubi“. If you’re not yet familiar with the author, he is known for his direct attacks on financial topics with a hint of humor. He makes each topic easy to follow especially for beginners in financial literacy. A good approach in starting your “ipon” journey. Federico Suan, Jr.Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, business owners, company directors, and OFWs to minimum wage earners had sought advice from him in achieving lifetime financial freedom. thewiseguyph.com

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The 50-30-20 Rule: A Beginners Guide in Budgeting

Being new in the workforce and managing salary is quite a daunting task. It can be very difficult to strike a balance between what you want and need. Adding all the sales in malls or from your favorite stores can really mess up your cash flow that’s why you need to do budgeting. I’ll be sharing a budgeting idea that I’ve been using for years and it’s called the 50-30-20 rule. This is just a simple and yet very easy-to-follow budgeting idea that you can do to improve the way you handle money. Federico Suan, Jr.Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, […]

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5 Simple Steps to Achieve Financial Freedom

We don’t learn financial literacy in schools or homes. Most of the time, it’s just self-thought. So if you know someone, maybe a friend who is knowledgeable about it, this might be the perfect time to reconnect with him. Reality strikes; not everyone has that kind of friend. Luckily, the internet is already accessible for most of us to learn this quickly. While you would like to achieve this quickly, you might also want to consider your current financial status, knowledge, and of course, be realistic. Federico Suan, Jr.Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, business owners, company directors, and OFWs to […]

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