The Wealthy Peso

OMG!

Beware of the word “Clean Title”.
You can only call it clean title IF;

✅Owners that appears in the title of the property are still ALIVE & CAN SIGN documents

✅ NO disputes attached in the title AND “certified true copy” of the title.

Please take note of the “AND” because not all disputes are printed in the original title itself. Thus, it is very important to request for the latest certified true copy of the title.

✅ All real estate taxes are paid on time. Always request for latest real estate tax clearance.

✅The owners are married (on or after 1987) The property is considered conjugal even if only one property owner is in the title. Both should sign sale documents. Should the property owner dies, heirs should file and pay for the estate tax of all the properties.

✅The property estate taxes are not yet paid, the property cannot be called “CLEAN”.

✅ Magkaiba po ang real estate tax na binabayaran ninyo annually at ang estate tax (BIR FORM 1801) You only pay estate tax if the owner in the title is already dead. Penalties (like big penalties) apply for late filing.

Ang estate tax clearance po is NON-NEGOTIABLE. Kailangan talaga syang e file at bayaran whether you like it or not, pag namatay ang owner na nakalagay sa title.

Ctto

Start preparing for your as early as you can!

If you are borrowing money to grow your business, then that’s good debt. If you are borrowing just to keep up with your neighbors or siblings, then that’s a bad one.

May your faith in God bring peace to you heart this Holy Day. 😇🙏

Numero unong pagkakamali ng mga Pinoy kaya hindi umaasenso: Kapag tumaas yung income, itataas din yung lifestyle. Kumita ng malaki this month, gagastos nang mas malaki. 💸💸

Hangga't hindi natin natututunang kontrolin ang spending habits natin at mamuhay within our means, kahit gaano pa kalaki ang ating kitain, hinding-hindi tayo aasenso sa buhay.

Sa kagustuhan nating maranasan yung buhay mayaman, eh luma-lifestyle upgrade agad tayo kahit hindi pa dapat.

Para maiwasan ang sobrang paggastos, subukan mong gawin ang mga ito:

1. Create a monthly budget
2. Cancel subscriptions you do not use
3. Find free entertainment options
4. Spend what you are willing to lose
5. Start investing kung kaya na

Earning a lot of money is not the key to prosperity. How you handle it is.