No More 9-5 – Alternative Careers for Millennials

Which way to go?

Which way to go?

Guest post

In our world of unpaid internships and ever increasing property prices the number of millennials wanting more diversity, flexibility and most importantly satisfaction from work is growing. A work/life balance is becoming more of a priority, with many starting to reject the post-college prescribed life of the 9-5 commute. Young people are wanting to put more emphasis on quality of life than resign to the ‘one size fits all’ approach to building a successful career, the result a surge in so-called ‘alternative careers’.  Whether it’s flexible working hours or a sense of gratification, let’s look into the best alternative careers to get you dreaming of a life free from the mundane Monday mornings.

Go Freelance

In your current career, is there any way you could go freelance? Many industries (from set design to marketing to recruitment) not just accommodate but rely on freelancers, so if you’re looking for more control over your working hours then it may well be worth considering whether there’s any scope in your current profession for you to go freelance. Benefits vary from diversity of work to exposure to different people, with the gratification of being able to take ownership of your own career rather than working under someone else’s terms. For instance, if you’re a graduate of English or Journalism then you might want to consider freelance writing as a viable alternative career. Start by identifying your niche and putting together a portfolio. Take a look online to see if any established freelancers in your field offer any advice, or even free of charge courses to help you get started.

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7 Money Lessons for Financial Literacy Month

Explore the Past and the Future

Guest post from Andrea Woroch.

April is an important month when it comes to spending money.

Soon-to-be grads prep for the “real world” as parents contemplate the rising costs of summer camp for their kids. Homeowners tackle pricey improvement projects during more favorable spring temperatures while others face the looming tax deadline for paying outstanding debt. With all the mounting financial woes Americans face this time of year, no wonder April has been dubbed National Financial Literacy Month in hopes of promoting financial health among consumers.

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Most People Preparing to Eat Dog Food in Retirement

Twilight of the Years

Cross-post from Steve of

To make it through tough times more Americans have borrowed, stolen or raided their small retirement funds to make ends meet.

Loans from retirement funds jumped 20 percent last year. This really can’t be a big surprise to many. Faced with difficult financial decisions people will tend to gravitate towards the oath that seems easiest and less painful immediately.

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Personal Investing (Money Market): Where to Keep Your Emergency Funds

Calmer Waters

It makes perfect sense.

That is, for a person to save at least 3-6 months’ worth of his monthly expenses for emergencies (prolonged sickness, job insecurity).  But really, that concept (that comes across as almost common sense, but not really) – does not even cross the mind of those uninitiated in money matters.

Well, it never crossed my mind prior to 2008 (when I have not yet met – er, won, our financial planner).

But now that it has, and the panic has resonated within (a realization that anything can happen), I would be flustered (and yes, panicky) when our emergency funds fall below that imaginary line (6 months’ expenses, in our case).

Fighting to keep the amount intact is important, but it is also important that this fund is liquid, that it is reachable, that it is safe.  But it would also be great if it could also earn interest, right?

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Why Are You Investing?

Within Reach

Within Reach

Today I embarked on my journey towards becoming a Registered Financial Planner.

I figured – I might as well plunge head-on into the world of personal finance.  And what better way to continue my education than by formal training.

Good too that I got a semi-scholarship / discount through MoneyDoctors partner and friend, Salve Duplito, who is a finance guru herself. (thanks, Salve, and to Mr. Henry Ong, head of the RFP – Philippines program)

So my friends, in a few months, I hope to be a Registered Financial Planner.  I also want you with me on that journey so I am cooking up something that I hope will positively impact the financial future of one (or two, or three) of you. (hint, hint)

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Sometimes I Do Not Agree With Ramit Sethi of I Will Teach You To Be Rich


Well, at least, one time I did not.

Because, in an email to me about his “breathtaking insight about customers and human behavior,” he discussed two categories of customers:

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The MoneyDoctors Story

The Way to Wealth

It was a fine afternoon and Nannette and I got to talking.

I just passed the insurance examination given by the Insurance Commission and can now be ushered into the world of insurance agents and hustling and bustling.  That made me uncomfortable and I told Nannette so.

Okay, I still had the image of the feisty, persistent, pesky seller of insurance who does not really explain or understand what he sells, does not hear the word “no”, does not stick around through the bad times (when the hapless insured can no longer pay the premiums), is just “interested” because of the commission he hopes to get.

I did not want to be that person.

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