Category Archives: Finance Is Not A Rocket Science

How Illegal Drugs can Destroy Your Finances

Guest post by Kyle Kam

Between hearing about the President’s war on drugs and learning all about what addiction is, you might be wondering exactly how substance abuse ruins lives. It’s a fact that substance abuse does more than ruin a person’s health and relationships; it can also destroy your finances.





A person addicted to illegal drugs deals with a very heavy financial cost. Their addiction and the need to fuel it also affects their friends and family – in more ways than is often told. Dr. Luis F. Dumlao, Dean of the John Gokongwei School of Management wrote that it doesn’t take an elementary school graduate to see the harmful effects of substance abuse, but here’s a look at how illegal drugs can destroy your finances.





Spending to fuel the addiction

Addiction is fueled by any number of factors, and while addicts eventually become aware that the addiction is unsatisfying, they will take in more of it in the hopes that consuming more provides the satisfaction or the relief they crave.

On average, a smoker will spend Php 45,625 a year on cigarettes – the nicotine in which creates an addiction. Imagine then how much someone addicted to any number of illegal drugs will spend to get a fix. In the US, it’s estimated that someone addicted to methamphetamines will spend $ 4,000 a year or more. That’s Php 186,378 a year – or more – if the addiction is worse.



Loss of income

Someone heavily addicted to an illegal substance needs it to function – more than they have a drive to get up in the morning to work. They will miss work frequently or eventually quit because of their addiction.

An illegal substance reduces a person’s ability to think clearly, if not function at all while they ride out the high. As a result, they will miss out on the possibility of adding more income. The loss of a source of income to allow them to keep buying their drug of choice will eventually have them selling possessions in order to get more cash to get more drugs.

It only gets worse as the addiction spirals out of control. They will resort to borrowing money irresponsibly, or much worse, just to be able to get their high.




Bills and other costs

Too much of anything is never good for one’s health – this is truer in the case of substances that can actually cause deterioration in your body. Drug users on some of the more dangerous substances will develop health problems, and in the worst case scenario, fall victim to an overdose.

It takes thousands of Pesos to treat someone for an overdose, and that’s if they didn’t try something exotic to introduce the drug into their system. Then there’s the toll it takes on the people who want to help. They will spend tens of thousands more to enroll an addict in rehab, in the hopes it’ll stick and their friend/family member will recover.


Eminem Recovery Wallpaper 5


Final thoughts

Many will dismiss someone addicted as hopeless and completely useless to society, when the fact is that these are people who’ve had extremely bad days. In the absence of having people who’d be able to help them through it, they’ve filled the void with substances that remove them from everything they feel.

If you know someone, or are someone recovering from substance abuse, know that the first focus is to get better. It’s difficult, and sometimes, people will fall off the wagon, but the most important thing is to heal.



Author Bio:

Kyle Kam is a Digital Marketing Specialist of, a financial comparison website aiming to help Filipinos save money through diligent comparisons of financial products.

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Retirement Planning: Simple, deep and fundamental guide towards peace of mind

This is a guest post by Grace

Do you know that 8 out of 10 retirees will be dependent on their children for financial support? This statement was released from the Philippine National Statistics Office in 2003.
We are already in 2015, and yet I still see a lot of families who have their parents living with their children. It is happening and I am not even surprised because it has been in the culture of many Filipinos. I have been a Financial Advisor for almost 5 years now and witnessed many single young professionals stayed single for a long time without saving a penny because they spend quickly on gadgets; travel a lot, big purchases or constantly providing for their family (Mom, Dad and nephews). I have nothing against the latter but I still believe that making them financially secure through total dependency on you makes you a greedy person rather than a generous person. Why? Because you are holding them of their talents to earn a living by providing for themselves, In short, passing the legacy to them, so that even when you are not around they know what to do.
There are only 3 easy steps that I want to share to young people who do not yet know how to save for their future:
Step 1:
 The moment that we start working, we can already set aside 10% of our salary. What is the 10% for?  The 10% goes directly to God’s hand. How do we give to God? The head of the church is Jesus Christ and we are the parts of the body, the church should allow you to practice this willingly. We are in God-believing country and yes, it is a command in the book of Deuteronomy 14:22. The Bible talks about tithe which means a tenth of your first crop. 2 Corinthians 9:7 gives us an insight of the attitude of our hearts when we give to God. And how do we do this? We start a relationship with him through believing in Him. What is 10%, when what we all have is His. The gospel truly changes our values inside out which are truly critical in managing our finances.
Step 2:
This may vary on your needs and salary: at least 20% goes to savings and investments. Let’s say you have a P15,000 salary. What you can do is send 10% of 15,000 to your retirement fund and another 10% in your savings account. In this way you will have the discipline of making your money work for you and another for emergency funds.
Step 3:
What about the 70%? Our favorite part of our work is when we finally enjoy the fruits of our labor. This is the part where we spend for our basic needs and take a vacation. This is when we work around with the 10,500 or 70% of the 15,000. We budget around with this because we still need to be disciplined when it comes to our expenses.

In summary, this is the classic example of putting your money in order:
Salary = Tithe + Savings & Investments & Protection + Expenses
How we see our future is how we save for it.  Are we among those 8% of the retirees who will be asking their children for money because of sickness and old age that we cannot work anymore? I know some parents who felt ashamed already because they knew that their children wanted to provide for their own family. Or are we among those 2% who are financially secured?
A grandmother who planned her retirement 40 years ago, have been living an abundant retirement now. Because the time she spent with her family is when they visited her in her house while having a sumptuous meals together or even travelling abroad. She’s now 80 years old and never did I see her ask for financial support except when playing with her grandchildren.

We too can experience this kind of retirement in the future if we start now while we are still healthy and earning a living. Let us increase the 2% of the retired population and make more people aware of their discipline. The way we can do this is to start with ourselves and pass it on.
The point is this: whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully. – 2 Corinthians 9:6
Grace Panugayan is a Registered Financial Planner and working with one of the leading Insurance Company in the Philippines, Pru Life UK for 5 years.

Photo Credits to the following

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Why do you need to be Financially Literate

It will empower you to get what you need and what you want. You can dream and it will happen, just imagine that! Look at those Rich people they can play golf and go to Disneyland anytime they WANT.

Time for us to change the future of the next Filipinos. Do it for yourself and for them. Don’t be selfish, c’mon bless other people with what you have. Those who are faithful with small things will be given more . We are designed to be lender and not just a borrower. We were program to be excellent and great not only as a nation but God’s will for us is prosper as a nation and not forever slave Jeremiah 29:11

We are here to maximize what God gave us. Life is full of joy and challenges. Money is important from the very beginning but the more we know the purpose of it, we can easily make a decision especially when it comes to preparing for the retirement stage. Most of the Filipino parents right now who are now retired  are relying on their kids and it is a really bad training and it will be a terrible cycle. Time to stop that now especially to our generation.

When the time You get  back to the Lord you will be able to pass this legacy to your kids or love ones. In reality most of the time Filipinos will just leave 3 things to their  children or wives the most common are borrowed money from anyone (utang) Surname, sickness or disease e.g. Diabetes Hypertension

Your finances will be in a bad situationif you don't stop chilling with the wrong people (17)

David Isaiah Angway is a RFP and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured in ANC On the money, Bloomberg TV Philippines. He is also columnist at BusinessMirror, Rappler, and MoneySense magazine. He is a licensed nurse and a former Senior Fraud Specialist of the largest bank in the world, JP Morgan Chase & Co.

He is the CEO and founder of WinLongTerm Financial Consultancy, helping young urban and educated millennial (Gen Y). It sets and achieves their long-term financial goals by empowering them through behavioral finance.

For more information and concerns subscribe to Facebook page or contact me at, here’s also my mobile number 0925-787-7796

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