Doctors and Social media. MyFinanceMD was put up to educate doctors on how the world of finances works. But now, I am writing this post not to educate the doctors, but to educate the people and society on the entire health care system. There has been a recent viral post regarding an incident where a…
3 Genius Reasons Behind VUL (Variable Unit Linked) Insurance
VUL (Variable Unit Linked) are life insurance plans that also has an investment component in it. Since it allows you to allocate portion of the premium to be invested in the stock market. Many ‘financial experts’ as they call themselves disagree with VULs, since, they say “life insurance policies are best taken separate from investments…
The Ultimate Expression of your LOVE for Your Family
Let me tell you a real story on how a father was able to prove his love for his family. This is a real story of Erick and it happened 10 years ago. Erick is a life insurance agent, Mang Silo was a friend, a farmer with a wife and 5 kids. Erick approached Mang…
4 Proven ways on How to Get Lucky with Money
People have searched ways on improving their good fortune in their lives since the beginning of time. Lucky charms, amulet, talismans, are all found in human history. Professor Richard Wiseman conducted a ten-year scientific study into the nature of luck as published in “Skeptical Inquirer” last 2003.” He advertised in a newspaper, asking for volunteers…
Money Lessons Every OFW Must Know
Thousands of Filipinos live and work abroad so they can better provide for the needs of their loved ones, securing a future for them that is otherwise not possible if they will stay and work here in the Philippines. Indeed, knowing us Filipinos, the OFWs were able to provide the life that we always dreamed…
How to Compute your SSS Retirement Pension
Statistically speaking, only 2 out of 100 Filipinos plan for retirement. Although most Filipino workers have some kind of benefits like SSS Retirement or GSIS Pensions or company given retirement benefits. How would you know if it is enough? How do you compute how much will be your retirement pension from SSS when you…
Doctor’s Taxation: How to Compute your Income Tax Return (Part 5)
Dr. Angelo is a budding Internist, married, his wife is not employed or engaged in any business. They have a 3 year old daughter Cassandra. He is practicing in 3 hospitals and clinics. How would he compute his income tax? How much does he need to pay in filing his Annual ITR before the April…
The Best Time of the Year to Buy Everything (Philippines)
Janice bought a shirt and a trouser for 1,500 pesos before Christmas. She showed it to Kim. Kim wanted one too but became busy and was only able to buy only after Christmas season. She bought the same clothes, with the same brand but with half the price. Kim showed it to Janice, they both…
