After the huge success of Pesos and Sense in educating Pinoys on the topic of money and investments, comes another money/finance/investments oriented show –  On The Money has been released by ANC (ABS-CBN News Channel).

The only downside of the show is that it’s is only available in SkyCable (which I don’t have so we’ll just have to rely on youtube releases).  Also, it is in English format (as well as other ANC shows) so it is more targeted on the upper economy class (A-B-C). Must be the same reason why Pesos and Sense was such a big hit (at least for us :D ).

But nevertheless, it’s a good source of information when it comes to money, finance and investments so I don’t see any reason why an average income Filipino should not watch this (at least on youtube or in this blog). Well, that’s the reason why this blog FinancialPlanningPH.com was born – to bridge the gap of the rich and not so rich by giving you information.

I will be posting selected youtube videos of On The Money in my succeeding posts.

So much for the intro, here’s the press release on ABS-CBNnews.com posted July 25, 2012

MANILA, Philippines – “On the Money,” a new daily show on ANC, is hoping to teach Filipinos how to better manage their personal finances.

“On the Money,” which will start airing on July 30, will introduce saving and investment concepts, debunk money myths and give simple tips on how to get more bang for your buck.

ANC's "On the Money" hosts, from left Melissa Gecolea, Edric Mendoza, and Salve Duplito.

The show will also feature finance experts, professional money managers and life coaches who will dispense advice and answer questions from viewers.

“On the Money” is hosted by entrepreneur and marketing expert Edric Mendoza, financial planner and former business reporter and columnist Salve Duplito and broadcast journalist Melissa Gecolea.

Mendoza, the show’s main anchor, is passionate about teaching people the responsibility of spending on the right things and busting bad shopping habits.

“I’m thrilled about this show because of what it can do for its viewers. If Filipinos manage their money properly, we will have better fathers, better mothers, and even better children,” Mendoza said.

The key to financial well-being, Mendoza said, is to junk the “entitlement mentality” – which makes people believe they deserve to get things they cannot afford. He admitted he once fell victim to that mindset, which nearly made him bankrupt.

“We are in a culture and environment where wherever we go, everything says ‘buy me.’ We need to have a mindset change because a large part of why people have money problems is their idea of entitlement that makes them think they owe it to themselves to buy things,” he said.

Duplito, a multi-awarded business journalist, will teach basics of finance and guide viewers out of their financial problems on her segment “Salve Says.”

“There is a great need for financial literacy in this country, but people don’t want to hear these lessons from someone who is going to peddle a product or a technical guy who says ‘one fourth of one percent.’ My job is to translate these concepts into real doable actions, and tell the story of those who have blundered and those who have succeeded, so that ordinary people will know what to do with their finances,” she said.

Duplito wants to teach Filipinos where to put their money, to live below their means, and to spot and avoid scams.

“We need a culture of revolution that will make people who are thrifty, cool,” she said.

Gecolea, a former TV reporter and news anchor, will facilitate the show’s social media segment by monitoring questions and comments from viewers via Facebook and Twitter and field them to the program’s resource persons.

“The Philippines needs this show. We live in a culture that does not know how to save and we need to be taught. Our stock market is doing great, we have the strongest performing currency in Asia right now. What could be better than now to start a personal finance show? We needed this a long time ago, so better late than never,” she said.

“On the Money” airs Monday to Friday at 3:30 p.m. and 6:30 p.m. on ANC (SkyCable Channel 27).

source: ABS-CBNnews.com is the news website of ABS-CBN Corp., which also owns ANC.

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Garry Zaldy de Castro is an advocate, Financial Advisor, Certified Investment Solicitor (Mutual Fund Representative), blogger, IT practitioner, husband to Aileen and a dad to Jacob Benedict. He started Financial Planning Philippines in 2008 just to share his financial learnings to friends, relatives and anyone who wishes to be financially independent.
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