Baon Sa Utang? Follow And Learn From These 5 Pinoy Money Experts

Aside from parenting, the most popular discussion topics on the Smart Parenting Village Facebook community are money, saving, investing and insurance.

Understandably so, parents want to be debt-free and save more. In fact, according to our most recent audience survey,  52% of the parent respondents don’t have enough left to set aside even for an emergency fund. While a huge chunk of expenses goes to food, utilities, education, and rent or mortgage, almost half say they are paying off debts.

Asking questions and exploring options are very good ways to start learning to build wealth. However, building wealth does not happen quickly for most of us, and we have to acquire the required knowledge and discipline to learn how to save and make money grow.

Because our generation of Filipinos (we who are now parents) did not get financial education in school, we usually learned about investing and managing finances when we started working or raising a family of our own. Unfortunately, the lessons are often learned from many mistakes, blunders, and losses. Sadly, these money lessons are quite expensive – I know so from personal experience!

That is why it is so important that we listen to people who are financially well-informed and experienced. We can glean so much from their wisdom and spare ourselves from expensive life and money lessons.

Personally, I prefer to listen to financial experts who:

1. are well-versed with different financial and investment products (not just insurance);

2. have been money gurus for a relatively long time;

3. personally have a healthy and varied financial portfolio to back up the wisdom they share; and

4. are not selling any financial product (as they tend to be more objective when they don’t stand to gain from any financial advice they give).

For our financial well-being and breakthrough in 2022 and beyond, here are financial gurus worth learning from. I believe they are some of the best in the Philippines.

5 Filipino financial experts we should learn from in 2022

FQMom (Rose Fres Fausto) 

Rose Fres Fausto is the author of the book Raising Pinoy Boys, which she wrote to share her two decades of experience raising her three sons. Before she became a full-time homemaker, she was an investment banker and now that her children are all grown up, she writes and talks about money. In her blog, FQMom, she talks about money and family and covers interesting topics like raising kids with high FQ (financial quotient), cryptocurrencies, the right time to buy luxury, etc. Find her on Facebook and Instagram.

Randell Tiongson

Randell Tiongson has more than 30 years of experience in the financial services industry. He has written best-selling books on finance and is one of most respected personal finance coaches in the country. He is currently offering a free copy of his book "Financial Planning the Pinoy Way" when you register on his website.

Chinkee Tan

Chinkee’s goal is to equip Filipinos to be wealthy and debt free. Before he became active in the online space, he has published many books and delivered many financial talks. If you prefer to listen to someone who is casual, funny, engaging and practical, Chinkee’s YouTube channel, Chink Positive, may be your cup of tea. For deeper financial learning though, it would be good to read Chinkee’s books. My husband and I read Till Debt Do Us Part together many years ago when we were dealing with a huge debt.

Salve Duplito

I came across Salve Duplito as one of the co-hosts of On the Money, a personal finance TV program on ANC six or seven years ago. Salve still hosts On the Money now but she also has established her presence in social media, including Instagram and Facebook. If your goal is to eventually become a savvy investor, Salve is one of the knowledgeable resources you could follow.

Vince Rapisura

Vinca Rapisura believes that “Ang pagyaman, napag-aaralan!”  This tagline speaks of his advocacy to teach Filipinos (especially OFWs) practical money management knowledge and skills. Vince Rapisura is all about socially responsible investing and is very knowledgeable on investing in rural banks and cooperatives. When it comes to insurance, he is a staunch believer of BTID (buy term and invest the difference), a concept that is also taught by many (if not all) of the experts listed above. Vince teaches microfinance and social entrepreneurship at the Ateneo de Manila University.

In these times when we are constantly tempted to spend money, we need to regularly get inspiration to re-focus on our goals. Our financial well-being is crucial  to our success as individuals and as parents, so, this year, let’s prioritize learning and practicing good financial values and behaviors. Cheers to our financial freedom, moms and dads!   

Grace Bautista is a work-from-home mom who, together with her husband, Erwin, made many bad financial decisions early in their marriage. They managed to be debt-free after 7 years of marriage and now enjoy a comfortable but financially disciplined lifestyle with their three sons: Gael, Ezra, and Galak.

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