Inflation, or the rise in the general level of prices of goods and services over time, have significantly affected everybody’s buying power. The current inflation rate that we have (7%), shows a significant reason why it is no longer safe just to earn, spend, and then leave the remaining money in an ordinary savings account that can only offer low (at least 2%) interest rate.

Francisco J. Colayco, in his timely book“Wealth Within Your Reach. Pera Mo, Palaguin Mo!” (2004), shares insights on how to achieve financial independence, or the ability to generate passive income that is sufficient to support basic needs and comforts. Colayco provided simple but convincing insights about saving, investing, and making money grow. He also cited the experiences of people he came across with as examples to make his concepts easier to understand. Colayco presented his ideas in both English and Filipino to effectively convey the message to every income earning Filipino readers.

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