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Got some time to listen to American Top 40 today while driving on my way to an appointment, and they have as guests Duncan, Ben, Dave, and Jonnie, who are the stars of MTV's The Buried Life (click the pic for the site). The idea is for them to accomplish a "bucket list" of 100 things to do before they die. In the process, they will help other people achieve their dreams as they "tick off" their list.

Based on information available at Wikipedia, I am not really excited about the redeeming value of their efforts. It really doesn't get me excited that as they tick off List#6: Attend a Party at the Playboy Mansion, they were able to provide a computer to a school of underprivileged kids. Too bad MTV is still incapable of providing respectable programming (but that's just my opinion).

However, the question What Do You Want To Do Before You Die? really deserves some thought for each one of us. That is where true wealth can be found.

So instead of focusing on the show, I would rather concentrate on the inspiration for this show, which is the poem of Matthew Arnold, which is reproduced below (see the source HERE):


THE BURIED LIFE
Light flows our war of mocking words, and yet,
Behold, with tears mine eyes are wet!
I feel a nameless sadness o'er me roll.
Yes, yes, we know that we can jest,
We know, we know that we can smile!
But there's a something in this breast,
To which thy light words bring no rest,
And thy gay smiles no anodyne.
Give me thy hand, and hush awhile,
And turn those limpid eyes on mine,
And let me read there, love! thy inmost soul.

Alas! is even love too weak
To unlock the heart, and let it speak?
Are even lovers powerless to reveal
To one another what indeed they feel?
I knew the mass of men conceal'd
Their thoughts, for fear that if reveal'd
They would by other men be met
With blank indifference, or with blame reproved;
I knew they lived and moved
Trick'd in disguises, alien to the rest
Of men, and alien to themselves—and yet
The same heart beats in every human breast!

But we, my love!—doth a like spell benumb
Our hearts, our voices?—must we too be dumb?

Ah! well for us, if even we,
Even for a moment, can get free
Our heart, and have our lips unchain'd;
For that which seals them hath been deep-ordain'd!

Fate, which foresaw
How frivolous a baby man would be—
By what distractions he would be possess'd,
How he would pour himself in every strife,
And well-nigh change his own identity—
That it might keep from his capricious play
His genuine self, and force him to obey
Even in his own despite his being's law,
Bade through the deep recesses of our breast
The unregarded river of our life
Pursue with indiscernible flow its way;
And that we should not see
The buried stream, and seem to be
Eddying at large in blind uncertainty,
Though driving on with it eternally.

But often, in the world's most crowded streets,
But often, in the din of strife,
There rises an unspeakable desire
After the knowledge of our buried life;
A thirst to spend our fire and restless force
In tracking out our true, original course;
A longing to inquire
Into the mystery of this heart which beats
So wild, so deep in us—to know
Whence our lives come and where they go.
And many a man in his own breast then delves,
But deep enough, alas! none ever mines.
And we have been on many thousand lines,
And we have shown, on each, spirit and power;
But hardly have we, for one little hour,
Been on our own line, have we been ourselves—
Hardly had skill to utter one of all
The nameless feelings that course through our breast,
But they course on for ever unexpress'd.
And long we try in vain to speak and act
Our hidden self, and what we say and do
Is eloquent, is well—but 't#is not true!
And then we will no more be rack'd
With inward striving, and demand
Of all the thousand nothings of the hour
Their stupefying power;
Ah yes, and they benumb us at our call!
Yet still, from time to time, vague and forlorn,
From the soul's subterranean depth upborne
As from an infinitely distant land,
Come airs, and floating echoes, and convey
A melancholy into all our day.
Only—but this is rare—
When a belov{'e}d hand is laid in ours,
When, jaded with the rush and glare
Of the interminable hours,
Our eyes can in another's eyes read clear,
When our world-deafen'd ear
Is by the tones of a loved voice caress'd—
A bolt is shot back somewhere in our breast,
And a lost pulse of feeling stirs again.
The eye sinks inward, and the heart lies plain,
And what we mean, we say, and what we would, we know.
A man becomes aware of his life's flow,
And hears its winding murmur; and he sees
The meadows where it glides, the sun, the breeze.

And there arrives a lull in the hot race
Wherein he doth for ever chase
That flying and elusive shadow, rest.
An air of coolness plays upon his face,
And an unwonted calm pervades his breast.
And then he thinks he knows
The hills where his life rose,
And the sea where it goes.
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You may have noticed my recent attempts to set up a way for readers of this blog to be updated of new posts via email. So far, the email subscription system via Feedburner which I set up to send email updates of the test posts I published (which I already deleted) did not send email updates to two test e-mails that I subscribed to the service.

I tried to check things out from forums in the internet, and what I am getting is that a bunch of folks are also having problems with this service of Feedburner. Either the system took some time to determine that there are subscriptions (which means the subscribers eventually received the updates later) or the subscribers did not receive any updates at all.

Nevertheless, in the absence of an alternative way to provide email updates to the readers (I am still doing my research for such an alternative), it won't hurt to subscribe to the email alerts should you wish to be updated of new posts to this blog. Of course, you may also choose to follow me on Twitter. Just check out the sidebar for the applicable buttons.

Thank you very much and any advice you can provide will be highly appreciated.

Update: Started receiving the email alerts. Maybe it was just a matter of time. We'll see in the coming posts.
I chanced upon in Yahoo! last night a 6-minute interview of Farnoosh Torabi, author of You're So Money: Live Rich Even When You're Not. It's no longer available in Yahoo! today but what I was able to find is the source of the interview at ABC News (click on the pic for the link). The interview was quite nice, and briefly but sufficiently provided a distinction between being frugal and being cheap. In a nutshell, being cheap is characterized by a short-term minded approach to saving. While being frugal is a thoughtful, measured, and long-term approach to saving. Sounds clear enough, but it can get confusing in actual practice.

As discussed, some of the tell-tale signs that one is no longer being frugal but already being cheap include the following:

1. Passing up on opportunities if it means spending money

2. Being disrespectful to others when trying to save

3. Wasting time trying to save money

4. Feeling entitled to a deal

5. Focusing solely on short-term goals

For the rest of the discussion, see the interview by clicking on the pic above.
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I want you guys to be able to subscribe to new posts via email so I can keep you updated of new materials. But I want to do it in such a way that only a portion of the post will be delivered by mail, and the rest of the post will be available at this site. That way, you can continue to see other useful updates that I will be making here. I tried using Feedburner, but it seems that it delivers the entire post via email, and I don't know how to tweak it to make it work the way I want it. Hope you guys can help me with this little dilemma of mine, or maybe let me know of other similar tools that I can use.

Thanks a lot in advance! Happy Friday!
That's the question my wife asked me, trying to confirm comments from her friends who are saying that she seems to handle our family finances quite well. In all fairness, her financial decisions are quite sound, and it has been evidenced by the way we were able to grow our savings and engage in some activities that generate revenue in addition to the 9-to-5 job that I have. I have to attribute the primary reason for this to the simple philosophy that we have: we strive to live within our means. Which is what I had been advocating as a New Year's Resolution for all of us.

However, it is evident that no matter how valuable that principle is to steer us financially as a family, some things still need to be done. Precisely the kind of things that we have been discussing here. True, we know where we are financially, it will not take us long to find out our bank balances as well as our debts. What we don't have information on is how much are we really spending on a daily basis. So I asked her the same question we have been asking here: do you know where your money is? Do you know how much we spend on food, utilities, entertainment, etc.?

Now, I've been trying to live what I preach here, as I have been keeping tabs on my own daily expenses. But now that she sees the value of doing the same for the rest of the expenses of our family, I believe this could turn out so much better for all of us. I had been mulling about the idea of asking her to do as I do in tracking our expenses, but I have second thoughts of doing so for fear that she might take it the wrong way. But now, the communication line for this aspect of our lives has been opened. And what a wonderful time to start something like this than this season of the hearts.

Happy Valentine's Day everyone!
One of the comments I got from a friend who's been reading the Where Is Your Money series in this blog is that she doesn't feel the need to go through all the efforts of finding out where her finances are in the short-term, let alone go through the process of recording her daily expenses. She reasons that for as long as she tries to spend wisely, she would be okay in the short and long term.

Rather than say she's mistaken in her viewpoint, I would rather point out some of the benefits of taking stock of your short-term finances, the way we've been discussing over the past weeks:

1. You aren't really sure unless you can see it. Think you haven't been running through a spending spree? Maybe you haven't been doing it in a day, but the little things here and there everyday do add up, oftentimes unnoticed.

2. You don't know where to make changes. This one flows from the first reason. Without some information on your spending patterns over a period of time, you won't know what changes you can make to free up some cash or use your money more wisely.

3. It starts with being faithful with the little. You've probably heard it said: penny wise, pound foolish. True, some people can be so careful with the small details, and mess up the big things in their lives. But I doubt if you would ever hear a saying that goes something like "pound wise, penny foolish".
4. The details are not the end in itself. For most people, a budget simply shows them where to cut back and what to modify. That by itself can already provide significant improvements to one's finances. But financial planning takes more than that. And knowing the details of one's finances provide the information one needs to prepare for such things as how much should you have in an emergency fund; knowing what, where, and how much to invest; contributing to a retirement fund; and others. All of these and more we will tackle one by one in future posts.

5. Lastly, good habits beget good habits. The discipline of being aware about one's finances rubs itself off to other areas of one's life, as well as the lives of people around us. Hopefully it can affect for the better the way we handle other areas of our lives, bringing us closer to the essence of true wealth.

I hope that this post could convince my friend and you as well. It's never too late to start taking better care of your finances.
The use of electronic means of payments in the Philippines has been around for quite a while, and it has even gained the attention of The Economist magazine - click HERE for the article A Bank In Every Pocket?. If you can't see the article, you can sign up for a free 14-day subscription that will allow you access to the article and other archives.

In my case, I was fortunate to be able to travel to Chennai, India as a resource speaker to discuss the use of mobile banking technologies for microfinance operations, as part of the International Development Law Organization's (IDLO) series of workshops.

What is common with these electronic modes of payment is the convenience and speed that it can provide to the user. The term branchless banking has been used loosely to describe these payments methods, since it allows an individual to conduct transactions that can normally be performed by an individual with a bank account. Since some of these instruments did not originate from or issued by banks, the term mobile commerce or m-commerce is being used to describe it more appropriately.

For its part, the Bangko Sentral ng Pilipinas (the Philippine central bank) has issued Circular No. 649 in 2009, as the primary regulation to govern the issuance of electronic money and the operations of electronic money issuers.

Related Posts:

E-Money in the Philippines: Introduction
What is E-Money?
Types of E-Money
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Apologies for not being able to follow-up on my posts. I recently lost my father, and it's only been several days since we had him interned. We are slowly coming to terms with the loss. In due time, the wounds will heal and what will remain are the sweet memories...

Hopefully I can return to writing by next week. Do come back to check it out. Thanks.