A few weeks ago I got to chat with a former college friend. Last we saw each other, we talked about starting up a small business and involve our other college friends. However this was not able to materialize and I ventured into another prospect. Unknowingly, she started the said business on her own with a capital of P10, 000. Now she has 2 second hand cars and working capital of P300,0000.00. I am really happy and proud of her success. Of course, you can't blame me to feel a bit envy. This had me thinking where I am with my "financial independence". Lately I have been reading Francisco Colayco 's books on personal financial management. His books are written in very simple and understandable Tagalog. You'd realize that simply having a savings account is not really enough. It's a matter of sustaining your lifestyle beyond your retirement. (Understand that I come from a modest household and have no accounting background just like the greater major...