Part II: When borrowing is wise and when it is not We have established what a loan is, and that it should be paid back with borrower and lender both winning in the transaction. Now, let us take a look at the different types of loans. Understanding these will help us avoid debt that might…
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Part 1: The Nature of Debt Let me first be transparent. As a financial consultant, I help businesses borrow money. More than half of my life, I have been helping business people borrow money and I get paid for that. It would seem then that I am the last person who should be answering the…
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Last Part To a non- finance person, this sounds intimidating. But I am sure you have done financial planning before. When you go to a store to buy something, you knew you have enough money in your wallet. Otherwise you wouldn’t go, right? You had a financial plan. Expand that to an annual plan and…
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Part II We used to have no financial plan at all. Since my income as a self-employed professional was irregular, I would tell my wife and children, when I earn this and that amount, we will buy this or that or go on vacation. We were coasting along, wondering why our finances were always tight…
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Part I Why do we plan? It is an exercise of an ability that God gave us. It enables us to stay on course instead of being tossed around by circumstances. Animals don’t have it. No creature on earth, except man, who is created in the image and likeness of God, can plan. God has…
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What was new in 2018 is old in 2019. What was new in 2018 might have worked very well but might not work as well in 2019. Such is the reality we are faced with. To a person who does not see wisdom in change, this might sound foolish. Why change something that has proven…
Read MoreJesus was born in a manger and after that what? Revealed as the Son of God, died and rose again from the dead, yet the story is still incomplete. It is our lives, its ups or downs, that will bring completion to this greatest story ever told. And as you become part of this story,…
Read MoreWhat does tragedy do to a young boy? At age 11, Albert Moroña’s father, a laborer, was robbed and murdered, leaving his mother and his siblings without a bread winner. The experience left Albert who was in his elementary school years devastated. Albert is third among six siblings. With no means to continue, he quit…
Read MorePeople wake up everyday, thinking about provision. But God has a bigger plan. The Kingdom of God is not about food or drink, but about vision. When God was about to bring the Israelites to the promised land, He reminded them, “But remember the Lord your God, for it is He who gives you the…
Read MoreIf we do not work with passion, our work becomes mediocre. That is so true. But some people get it wrong. They keep waiting for a job or business that fits their passion until they are broke. In real life, no work will fit a person who cannot make a sacrifice to do something he…
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Boni de Jesus 