Tuesday 25 March 2014

“Dinner is ready on the table” says Mommy waiting for her husband and daughter to join her on the dining table. ‘I will take some time. You can start with the dinner’ was the only reply that she heard; as her daughter was busy chatting with friends while her husband was busy preparing the office presentation.

This is a normal sight in most urban homes. In today’s fast paced and technologically driven world, conversation at family dinners resemble instant messages where family members drop in a message that they are busy with their friends or in a business meeting.

Smart phones, laptops, ipads and other technological gadgets seem to be taking over our pockets and our precious time. New gadgets and devices have been designed to bring the world closer but the irony is that it creates distances in close relationship.

Modern technology provides us with bunch of brilliant tools that have improved many areas of our lives, but they have a negative effect if not used wisely. Let’s understand how technology can have a negative effect on our relationship.


This digital age promises 24 x 7 connectivity; hence the line between personal time and work has become blurred. Though you may leave office physically but you have easy access to your pending work, so you do not actually leave your work space as it is always on your mind. You are tempted to work even when you are at home and are not able to spend quality time the family.
It has been frequently observed that even when two individuals are physically present at a swanky restaurant or at home, but are not together as they are engrossed in checking their mail, text message or are just keeping their face book status updated. Lack of verbal communication also creates a distances in relationship.
Smart phones, cheap net books and ubiquitous wi fi connection has made access to the social networking sites easier. Social networking sites are great place to unite with old friends and colleagues. On the other hand, it has become easier for an old flame to track down his lost love and rekindle the feelings that were otherwise dormant. Such a behavior can spoil a fully bloomed relationship.
Well known Psychologist, Pavan Sonar says “Being plugged all the time can cause relationship problems. At times the only method of communication between two individuals is not verbal but text messaging or email. Lack of verbal communication and excess use of gadgets can lead to jealousy, suspicion, and argument within the couple and can also become a cause for separation.”

How can an individual make the most of technology without losing out on their relationship?

Set a limit
When you are at home it is time to turn off the gadgets as they can diminish the boundaries of personal space. Although it may be tempting to pick up the remote or check the text message while your partner is trying to talk to you. Hold on to your temptation. Schedule a cut off time for gadgets where all the family members put off their gadget and spend quality time together. Though it may initially seem difficult but it will definitely help you connect with all the members.

Dr Sonar adds, “Technology can be used for work and fun but cannot replace direct communication. To nurture good relationship, they need to be fed with attention and time.”

Make positive use of technology.
Make use of technology to nurture relationships and stay in touch. A few text messages throughout the day helps to keep in touch and increases the bonding. For instance, if you are feeling guilty about the last night’s argument with your partner, or just want to share your happiness for his support, send an e card or a sweet text message to your partner. A simple ‘Thank You’ or ‘Sorry’ message can work wonders in a relationship.

Let’s face it, technology is here to stay, but unless you learn to outsmart your every day gadget, you may lose out on your personal relationship.
I CAN’T BELIEVE HOW FAST TIME FLIES!

Time goes by so fast! Sometimes I think things drag on, but when I really sit down and think about the things that have changed over the years I’m really surprised with how different my life is!

You should be getting a head start on your child's savings or education plan, too.
If you’re like many people, you’ve set one or more financial goals for yourself. You might be trying to stick to a personal budget, save more for retirement, pay off your credit card debt, build an emergency fund, or buy a house. There’s just one small problem: You want the reward, but don’t want to do the work it takes to get there. So you procrastinate and continue to spend and charge and dig yourself deeper into debt. What you may need is a commitment device, a way to keep yourself accountable in reaching your goals. The earliest known example of a commitment device comes from “The Odyssey.” The hero of the tale, Odysseus, knows there is no way that he can resist the Sirens, the classic femme fatales who lure sailors to their doom. So he has himself lashed to his ship’s mast, making it physically impossible to leap overboard and succumb to their temptation. Though it’s probably not a good idea to lash yourself to your recliner to keep from heading to the mall, you could try more modern ways to stay on track. Commitment Devices to Help You Reach Your Goals 1. Make It Public If you’ve ever set financial goals for yourself, you may have also put them in writing. But how do you hold yourself accountable? If you’re the type of person who doesn’t like to be outdone, try posting your goals on Facebook. You don’t need to describe every last detail of your plan, unless you want to. For example, you could say something like this: ”I’m going to pay off my credit card debt in 12 months, and I’ll be posting monthly status reports. If you don’t hear from me on this goal, please feel free to ask about it.” By doing so, your friends and acquaintances know what you intend to accomplish, and you’ll make a commitment to share your progress with them. Embarrassing? Perhaps. Does it require swallowing some pride? Of course. But there’s a good chance you’re going to get waves of support, while also feeling pressured to perform. Plus, it’s possible you’re going to inspire others to make their own goals public. 2. Write a Check to Your Least Favorite Cause You know you have one: a nonprofit organization, political group, or movement that you really can’t stand. It represents everything you find revolting and wrong in the world. Now, write a check to that specific group and place it in a sealed envelope. Hand it over to a close friend or relative and tell them to drop it in the mail if you fail to meet a monthly saving or spending goal. This tactic not only puts your pride on the line, but your sense of morals as well. Choose a friend or relative you don’t want to look bad in front of, and one who shares your feelings about the organization you choose. Then, they’re invested in your success, and you may get a motivational coach out of it as well. enlist online help 3. Enlist Online Help Some enterprising economists and psychologists have started websites to help you stick to your goals. For example, stickK offers commitment contracts that are monitored by a referee. You can optionally back your commitment with money to fund a friend, your favorite charity, or your least favorite charity in the event that you fail. Beeminder, another commitment-geared site, helps you map out your progress and only charges you if you fail to achieve success. If you’re more motivated by peer pressure and encouragement, consider Goalmigo. This site can help you set, track, and share your goals with other users with similar goals. 4. Reward Yourself for Failure Though counter-intuitive, this commitment device serves to amplify your failure and can be an effective way to meet your goals. Ordinarily, if you don’t pay enough toward debt this month, you might intend to make it up next month. Or, if you don’t save enough this month, you might plan to save twice as much the next. The problem is, most people can’t enforce their self-imposed punishment, so they get discouraged and quit.

Tuesday 18 March 2014

YES ! You can earn even if you are retired, how? by making your retirement money works for you, by then you can make your money last and enjoy your retirement years..


 At 65, you'd think you could stop worrying about building your retirement stash and focus on preserving it. But with today's longer life expectancies (a 65-year-old man can expect to live until 84, on average, and a 65-year-old woman can expect to live until age 86), "you have to take on some level of risk if you want to keep up with and beat inflation.

 To keep the growth engine running, financial planners generally recommend that you have 40% to 60% in stocks at the start of your retirement, with the rest in cash and fixed-income investments to tamp down risk. A more conservative investor might start with 30% in stocks and 70% in fixed-income investments; aggressive investors would reverse it to 70% and 30%. Ang key lang naman dito is to always aim for a diversified portfolio. You need to find an advisor who will sit-down with you and ask your risk portfolio when it comes to investing.

 Live off your interest

One obvious way to ensure you won't run your portfolio dry is to siphon off the interest, dividends and perhaps the capital gains on your investments and preserve the principal. At current interest rates, you'd need a hefty amount plus a decent guaranteed income to generate a respectable pay check. Let’s take a look at illustrations below Collecting your pension and provident fund money is work half-done. You have to plan meticulously to not only make your money yield returns that are higher than inflation but also minimise the amount you have to pay as tax.

Sunday 16 March 2014

Insurance is all about having money when you need it the most. The important thing is to ensure that whatever happens to you, your family must be able to continue to survive financially.



The lukewarm attitude Filipinos have towards life insurance is partly an off-shoot of the collapse of the pre-need industry, which brought a negative perception on the life insurance industry. Most Filipinos do not differentiate between pre-need and life insurance products due to some similarities of the two.

Tuesday 4 March 2014

You’ve gotten this far in your career because you’ve left nothing to chance. Then why haven’t you still gotten yourself protected against critical illness.

Critical illness cover  is a type of insurance that should pay out a lump sum if you are diagnosed with a life-threatening illness such as cancer or heart disease. Sunlife offers flexible critical illness insurance product that provides you with a one-time, lump sum benefit at a critical time in your life. How you use it is up to you-to pay a lump sum off your mortgage, enable you to stop working, or buy private medical care. It can provide cash to allow people to pursue a less stressful lifestyle while they recover from illness.

For single people with no dependents, critical illness cover that pays off the mortgage is more important than having life cover, as it means you have fewer bills or a lump sum to play with if you are very unwell. 
The list of Critical Illnesses and those requiring surgery include:




But it can also be useful if you are part of a couple. It provides a welcome financial boost at a time of emotional stress and financial hardship.
Critical illness is relatively cheap. It also pays to start young when premiums will be relatively cheap, rather than leaving it until later in life when the price of cover will start to rise substantially and who know you are not anymore be approved.

As one underwriter said "Critical illness and life policies are the type of policy nobody wishes to 
need to claim against, yet evidence shows that these are vitally important policies that can support families and secure their financial wellbeing during the worst of times."


Don’t’ risk everything you’ve worked so hard for by leaving yourself unprotected.
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