Francisco Colayco's 10 Commandments on Personal Finance

Francisco Colayco's 10 Commanments on Personal Finance:

No. 1: Pay Yourself First
No. 2: Define your financial target at each phase
No. 3: Stop Spending on Things that decline in Value
No. 4: Protect your greatest Asset
No. 5: Grow the Economy and beat Inflation

No. 6: Trust the Power of Compounding Interest
No. 7: Assess Risks and Options
No. 8: Make Money Work for You
No. 9: Invest and Diversify
No. 10: Use the Power of One

Francisco Colayco is author of the bestselling personal finance book Pera Mo Palaguin Mo (Wealth Within Your Reach).

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  1. Des V said,

    Good day, sir. I heard a lot about you through tri media. Your tips are as simple as ABC if people would just follow them step by step. My father shares the same tips to me. He keeps the principle of "it is not how much you earn but how much you save that counts".I believe in this not because he is my Tatay but it is true. I find it ironic when people say they cant save because they have a small income. They are just overshadowed by their luxurious expenses. I attended a seminar in our office with a topic on savings. It was a simple computation which I got to share with my team mates. They appreciated it that they wanted additional tips. I learned about investments from my husband although he is the one handling our long term savings while I handle the short term. Your 10 commandments will be a good topic to discuss with our team. I am scheduled to share tips on Financial Literacy (a term used by one member) on February 27, 2009 during our team meet. Sir, if you have additional tips to share on top of the commandments, I will be glad to receive them and share it with the team. Good health to you, Mr. Colayco.

    on September 6, 2008 at 11:07 AM  

  2. Sun Jun said,

    Hi des v!

    Thank you for visiting my site. I'm glad that you like the articles. Please tell your friends and officemates about my site. I will be posting more personal finance articles here.

    Just to clarify things, I'm not Mr. Colayco. I'm Stephen. I enjoyed Mr. Colayco's book and learned from it a lot. Just sharing the information I learned on this site. Hope it helps you and your friends as well.

    Thank you.

    on September 8, 2008 at 5:29 AM  

  3. onin20 said,

    hi sir good day,
    I'm searching a different site can help me or advice me about my future problem.
    I'm 20 yrs old college student,
    and I'm working student,
    I want to save my money for my future,
    and think want is a the best that fit for me.
    i have a lots of question to us,
    i hope you can help me.

    thanks in advance.
    more power to your site!

    -nino pagayanan

    on September 11, 2008 at 1:08 PM  

  4. Sun Jun said,

    hello onin20!

    thanks for visiting my site.
    how may I help you?
    I hope the articles I post here can help you with your problems.

    take care.

    on September 11, 2008 at 3:33 PM  

  5. Alison Perez said,

    thanks for the post. i think mr colayco did a right job in putting his readers into the proper financial mindset. pinoys definitely need to learn financial independence. thanks for posting this article sir! i will bookmark your site as source of entrep info.

    also, according to
    Mr. Colayco will have a free seminar around sm malls. fyi

    on March 8, 2009 at 8:36 PM  

  6. Sun Jun said,

    @Alison Perez

    thanks for sharing the news.
    I'll post about it soon. ^^

    on March 9, 2009 at 2:55 PM  

  7. Anonymous said,

    Sir Jun,

    I've been working for a year already since graduating from college last year. Since then I've been saving a percentage of my monthly income and i'm proud that somehow i have saved some money already. recently, i've asked my bank for a statement of account and i was suprised to see that there was a dedections to cover for withholding tax. I didn't know that there are such taxes imposed for saving a account. (Medyo masama lang ang loob ko thinking that what i saved is already what is left from my net income where huge tax have already been deducted). Sir, will you enlighten me? kasi medyo na discourage ako na magsave pa thinking that it will all drain down to taxes. Can you suggest some readings regarding taxes imposed on banking and saving?

    Thanks Sir. Hope you can help me.

    on July 5, 2009 at 10:40 AM  

  8. Anonymous said,

    dedections - deductions
    taxes imposed for saving a account - taxes imposed for a savings account.

    Sorry for the typographical errors.

    Hope you can enlighten me.


    on July 5, 2009 at 10:44 AM  

  9. Hi Anonymous!

    Glad to know that you have started saving already.

    Btw, you can call me "Sun". I'm as cheerful as the sun right now. Your comment made me happy. I really appreciate it.

    I'm afraid I have not so good news for you. Interest from savings account is actually considered as a "passive income" and therefore it still is considered as an income which is taxable. I'll post something about this soon. Please watch out for it.

    Thank you

    on July 6, 2009 at 1:55 AM  

  10. Anonymous said,

    shouldn't we say - "it is not how much you EARN but how much you INVEST that counts" ?


    on April 15, 2011 at 3:13 PM  

  11. @Hawee

    Yes! You are absolutely right. I'm happy you got the point.

    Cheers! ^^

    on April 15, 2011 at 4:27 PM  

  12. Anonymous said,

    Good morning...

    I heard and I admired you as a financial guru.. Lagi po nasasagi sa isip ko mag kung paano ko po madadagdagan o mapapalago yung konti kong naipon sa bangko i had a work pero seasonal lang po kaya kpag natapos na po yung project namin wala na po uli akong work, waiting for call para sa next season. kumbaga no work, no pay. I can say nakaka saved naman po ako khit paano. As of now i'm planning to invest to stocks pero pinapag aralan at tinitignan ko muna yung flows ng stock market satin. ngayon po may pinagpipilian po akong online stocks investment... kindly advice me w/c online stocks ang masasabing well capabilities at pang matagalan.

    Thanks in advanced sir!!",)

    on June 18, 2011 at 8:53 AM  

  13. Anonymous said,

    Just wondering if anyone has asked Mr. Colayco to whatever happened to his Pre Need Company (TPG) which went bankrupt? I am not here to bash him or discredit but he must be truthful.
    I actually bought his book and realized that he was behind TPG. Just wondering.

    on October 6, 2011 at 1:59 AM  

  14. Hi Anonymous!

    We haven't asked Mr. Colayco about that but it has been discussed in many other personal finance forums like in

    Like in any other investsments, there are certain risks involved. We do not advocate that you invest directly with Mr. Colayco but we appreciate his insights on Personal Finance and on how every Filipino can achieve financial freedom by simply following a few basic rules.

    Thank you for your comment.

    on October 6, 2011 at 11:28 AM  

  15. i agree with his tips. i watch his interview with boy abunda in the bottom line.

    he's simple but determined in his advocacy that's why he is successful.

    i agree that the most difficult part in financial planning is the starting period.

    on January 31, 2012 at 3:53 PM  

  16. thanks for the feedback hitorikirihoshi Jr.

    I hope you don't literally mean what's indicated in your username.

    take care!

    on February 1, 2012 at 6:45 AM