Millionaire in Progress

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Millionaire in Progress

👉 Start here: https://linktr.ee/prexMIP
💁🏻‍♀️ I'm a Financial Coach
🎯 Programs: Debt Pay-off, Budgeting & Comprehensive Financial Planning

Prexel Parnacio is a Registered Financial Planner®, Personal Finance Coach, and founder of Millionaire in Progress. She is also a YAMAN Coach under Personal Finance Advisers. Since 2017, she's been educating Filipinos especially young adults about personal finance through her talks/webinars, individual & group consultations, and her content on various social media platforms. In May 2021, she was recognized by Manila Bulletin as one of the Tiktokers to follow for Financial Literacy.

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Millionaire in Progress or MIP was born in 2017 with the vision of educating Filipinos on the importance of financial literacy. MIP started as a page and eventually grew into providing different personal finance-related services. In September 2021, MIP ACADEMY, MIP's signature 1-on-1 financial coaching program was officially launched.

12/10/2026

Double the income = double the debt? 🤔

Kapag sinasabi kong "Increasing your income is not always the answer," hindi yun mema lang. I've witnessed it several times.

Here's one story.

Last year, someone reached out to me for coaching. Malaki ang kita nila from their businesses, pero may utang din na patuloy lumalaki. Around ₱750,000 that time.

We started working on their cashflow and mapped out a debt repayment plan. Okay naman sa simula. Pero naging busy and life happened, so hindi na kami nakapagtuloy.

Fast forward one year. Nag-reach out ulit siya.

"Coach, hindi na talaga namin alam ang gagawin."

She even asked ChatGPT for a plan, pero hindi rin nasunod. By then, dumoble na yung utang nila. Around ₱1.5 million.

Here's the part that surprised me...

Dumoble RIN yung income nila.

More money coming in, pero sumasabay lang yung debt. So I asked her what she thought the cause was.

Her answer was so honest:

"Ang confident kasi namin gumastos dahil alam naman namin may papasok na pera."

When income goes up, spending naturally follows. Mag upgrade ng furniture, mas magandang sasakyan, mas madalas na swipe. Not because you're irresponsible, but because that "may papasok naman" feeling makes every purchase feel safe.

Babalik at babalik talaga sa money mindset.

Now, may bago silang worry: magpapaaral na sila ng anak. And honestly, pagod na rin daw sila na laging naghahabol ng credit card dues every cutoff.

This time, iba na. We're recalibrating everything, and they're willing to make real lifestyle adjustments. Hindi para magtiis forever, but para makahinga na ulit. Reset kumbaga.

If all goes well, our projection is debt-free by March 2027. 🤞

Key takeaways:

1️⃣ A raise or a bigger business won't fix a spending system that isn't working. It just makes the numbers bigger.
2️⃣ Before chasing more income, check where your current income is going.
3️⃣ If you started before and stopped, that's okay. Life happens. You can always come back.

Kayo, naranasan niyo na rin ba na tumaas ang sahod pero parang wala pa ring nagbago?

📌 If you want help figuring out your cashflow and coming up with a debt repayment plan, comment “CONSULT” para mapag-usapan natin.

08/10/2026

Top 5 reasons ng pagkabaon sa utang:

1️⃣ Lifestyle inflation (uncontrolled) - nagcommit kaagad sa condo/house & lot, gadget installments, etc. Tumaas ang income pero tumaas din ang bayarin.

2️⃣ Medical bills ❤️‍🩹 - not because of poor planning, but because of the gaps in our healthcare system. One hospital stay can wipe out years of savings.

3️⃣ Masyadong mabait 😬 - nagpautang sa jowa (ex na), pumayag magpa-swipe ng credit card at pagiging breadwinner without boundaries

4️⃣ Inutang ang puhunan sa negosyo without a proper business plan. Hindi pa proven kung kikita pero interest sa utang eh sure ball.

5️⃣ Inutang ang pang-"invest" pero sc@m pala. Ito talaga double whammy. Sabi nga ng isang client ko sana ginastos nalang niya, at least napakinabangan pa.

Whatever the reason behind your utang, the important thing is you're willing to face the problem and find a way out.

Just like my client T., who was able to pay off ₱360k worth of utang in just 2 months. Sabi niya nga malayo pa, pero malayo na. 🙌

It’s just a matter of time. If she’ll continue our plan, next year for sure debt-free na.

It's possible. Kaya mo rin yan!

P.S. Reasons above are based only on actual situations of my clients and students only

📌 If you want a proven step by step process to pay off your debts, comment “PLAYBOOK” to access The Debt-Free Playbook + Toolkit

07/10/2026

Is it possible to pay-off P1.5 Million of debt in less than a year? With a strategic plan and willingness to do lifestyle adjustments, pwedeng pwede!

📌Comment “PLAYBOOK” to access The Debt-Free Playbook + Toolkit

05/10/2026

“Buti sumasakay ka pa ng MRT eh may pang-Grab ka naman."

Napakamot ulo ako. 😅

Kasi parang ang dating, downgrade yung pagsakay ng public transpo kung kaya mo naman mag-Grab.

Well, 3 reasons:

1️⃣ Sobrang mura ng train! Wdym may ₱6 one-way?!

2️⃣ Mahal ang per hour ko kaya ayoko masayang sa traffic. Mabilis at convenient naman ang MRT/LRT pag di rush hour.

3️⃣ Para masulit binabayaran kong tax 🙄

Just because you can afford it doesn't mean you should spend on it.

Hindi rin ibig sabihin na kapag cheaper option ang pinili ng isang tao, kuripot na siya. Maraming pwedeng dahilan.

As for me, bago ako gumastos, lagi kong tinatanong muna: "Sulit ba?"

Kahit 6 digits pa yan, kung worth it naman, why not?!

Pero di mo ako mapagbabayad ng Grab para lang masayang oras ko sa traffic kung may ibang options naman. 😂

Ikaw, what's something you can afford but chose not to spend on? Share mo sa comments!

📌 Join our community MIP Powerhouse to get your 7-Day Money Guide for free! Comment “JOIN” to receive an invite.

25/09/2026

Then vs. Now

There came a day na napagod na lang ako sa paghabol ng quota.

I used to be a commission-based insurance and healthcare agent. And the thing is, I genuinely believed in the products I was selling. I knew they could help a lot of people.

What I struggled with was how I had to sell them.

I felt rushed and pressured because I had quotas to hit, even when I personally believed that someone wasn’t ready yet. Or worse, when I knew that what I was selling wasn’t the best product for them at that point in their life.

So kahit weekly akong nakaka-cash in ng checks, one day I just stopped.

I stopped attending the meetings.
Stopped going to the office.

And decided to try something on my own.

Something na tingin ko mas makakatulong sa mga tao, kahit hindi ko alam kung may willing bang magbayad for it.

I created a framework para may structure yung gusto kong ituro. Then I launched my first financial coaching program.

And guess what?

May isang nag-enroll. 😂

Isa.

That was September 2021.

At that time, wala rin akong masyadong nakikitang gumagawa ng financial coaching dito. So I enrolled in trainings abroad, particularly in the US where financial coaching was already more established.

Then I just kept going.

The framework changed.
The programs evolved.
I learned more.
I coached more people.

And somehow, that little experiment became MIP Academy.

I don’t think that girl from September 2021 would believe kung ano na yung itsura ngayon nung sinimulan niya.

She just knew she wanted to help people with their money in a way that felt right to her.

Five years later, nandito pa rin tayo. 🥹

To everyone who’s been following MIP, to my clients, colleagues, partners, and especially those who believed in this mission way, way before I had proof that it could actually work…

Thank you. 🫶

📌 P.S. If you’ve been with MIP for a while, whether you’re a silent follower, past or current client, kwento mo naman sa comments:

How has MIP helped you?

It can be something you learned from a random post, an experience from one of my programs or even a kulitan moment with me! Looking forward to read your stories!

23/09/2026

How much we spent on a 30pax wedding ♥️

Even before the proposal, we were already having conversations about marriage, and of course isa dun ay yung wedding. If there's one thing na non-negotiable for both of us, it's this: hindi dapat stressful. It's our day, so dapat we're just enjoying. Natatakot ako sa nabasa kong mga stories sa mga bride groups. 😅

So our conclusion was simple: the smaller the wedding, the less stressful it will be. Next, we decided on a range of amount na willing kami to spend. Somewhere between ₱100-150k.

Today, as we celebrate our first year anniversary, I want to a breakdown ng mga ginastos namin. It's not super specific to protect the current pricing of our suppliers.

📜Documents - ₱2,182
Marriage license, orientation, and the rest of the requirements. Hindi pa kasama dito ang misc expenses like transpo and snacks sa paglakad ng papers (lol). We got married in Baguio City but based in Laguna kami.

👰🤵🏻‍♂️Attire and HMUA - ₱12,646
We rented his suit. As for my dress, I initially decided to buy pero ang hirap maghanap ng size ko so I ended up na nagpatahi nalang.

For our shoes, kung ano na yung meron kami. I just added a shoe clip for my heels. My veil is DIY kasi gusto ko talaga yung may floral embroidery pero yung nakikita kong for sale eh mas mahal pa sa dress ko. Hair and makeup for both of us came as a package.

🎥 🚗Photo, video, and logistics - ₱42,863
Dito napunta ang majority ng budget namin. Mahalaga sa amin na macapture nang maayos ang once-in-a-lifetime na event. We opted for a team na more documentary ang style. We're so happy with their outputs!

For this total amount, kasama na ang hotel, bouquet, rings, at transpo.

🎂🎤 Venue and celebration - ₱41,685
We got a venue that's good for 30 pax. Their package includes food, sound system and minimal decorations na din. Then may after party kami na KTV with food and drinks uli.

So that's it! Happy ba kami? Yes! There were hiccups na di naman maiiwasan, but at the end of the day, nakasama namin ang mga importanteng tao sa buhay namin on our special day.

Sa mga nagpa-plano ikasal, don't let anyone dictate kung anong klaseng wedding magkakaroon kayo. Sabi nga nila, "Your wedding, your rules."

And if I may add, wag na mangungutang for a wedding. It's better to start your marriage in a good financial position.

Intimate? Budget? Magarbo? Destination? Kahit ano pa man yan, basta napagkasunduan niyo at napaghandaan, walang problema. 😉

📌 If you want to explore more about financially preparing for big life goals, tara sa MIP Powerhouse. You'll also receive you 7-Day Money Guide for free upon joining.

Comment "JOIN" to receive an invite.

16/09/2026

One time, I shared that my parents were able to build a few apartments for rent. Same post, binanggit ko rin na pareho silang government employee.

Guess what, a couple of comments blatantly pointed out na imposible daw yan mangyari for government employees nang hindi *kot. As usual, ang dali nanamang mag-conclude tungkol sa mga taong hindi mo naman kilala.

My parents are already retired after serving for at least 37 years. They worked for almost 4 decades. Hindi madali ang buhay pero sinikap nilang pag-aralin kaming magkakapatid and at the same time paghandaan ang retirement days nila.

Mahirap? Oo. Imposible? Hindi.

May linya sila na hanggang ngayon naaalala ko. Tuwing may gusto kaming bilhin na hindi naman talaga need, sasabihin nila:

"Naku, naipambili na ng semento 'yan." 😅

I guess those who commented that underestimate the power of handling your money well, being strategic with loans and patience it takes to make your vision come to life.

Hindi ibig sabihin na kapag nasa gobyerno ka eh ganid ka na kaagad. There are still (a lot) people who do honest work and try their best to serve our communities.

Anyway, my parents' journey inspired me enter real estate as well. Here’s our first RE investment after out wedding! 👇

Ikaw, what money lessons have you learned from your parents?

📌 Inviting you to join our community MIP Powerhouse to learn more about budgeting, paying off debt and invetsing. Comment "JOIN" to receive an invite!

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http://millionaireinprogress.com/

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