I’ve met a lot of entrepreneurs, and one of the least liked topics that we discuss is taxes. Many say it’s too complicated and can be time consuming. However, a basic understanding of taxes, could really go a long way in helping you save money, regardless if you’re a professional or a business owner. When […]
Tags: benefits of paying taxes, bir philippines, bir registration, Business, income tax, non-vat, tax registration, vat, vat vs non-vat
There are many stages of starting your own business, and after you/ve come up with an idea, received some funding, and even gotten a few clients, you may be wondering what’s next. Many business owners choose to structure their businesses according to their specific tax and liability needs. At this point, you may want to […]
Tags: Business, limited liability company, LLC, llc advantage, what is llc, when to apply for llc
A friend quit her job five years ago and decided to become a freelance social media manager. She approached several restaurants in her city and began handling their Facebook and Instagram accounts. Today, she has her own digital marketing business with eight social media managers working under her wing. My friend is a true success […]
Tags: Business, freelancer, Freelancing, freelancing business, taxumo
I’ve been in the financial industry for over a decade now. I started through this blog, by writing personal finance articles. Eventually, it led me to putting up my own financial planning firm, Wealth Arki. One of the reasons why I stayed so long in this industry is because of the sense of purpose and […]
Tags: financial advisor, financial planning, freelancer to entrepreneur, Freelancing, taxumo, turn freelancing into a business
One of the most common questions people ask me is if it’s necessary for a starting freelancer or a newbie entrepreneur to file and pay taxes. The answer of course is yes, it is necessary and they should. It may seem common sense, but I understand where the question is coming from because I have […]
Tags: benefits of paying taxes, Business, Freelancing, importance of paying taxes, In Focus, income tax, reasons why we pay taxes, tax, taxumo, why do we need to pay taxes in the philippines, why pay taxes
In wealth circles, it is often mentioned that millionaires have an average of seven streams of income. This means they have around seven sources of cashflow. Think about your financial situation and ask yourself, how many sources of income do you have? If you’re like most people, then you probably have two. The first would […]
Tags: 7 streams of income, 7 types of income, income streams, multiple streams of income, passive income streams, Personal Finance, streams of income book, types of income
My journey from being an employee towards being an entrepreneur started when I decided to pursue freelancing. While working in my corporate job, I did freelancing work as a software developer. And when my freelancing income surpassed my employee salary, that’s when I decided to quit my job. My goal back then was really to […]
One of the biggest challenges of starting a business is coming up with a profitable idea. Most people would first look at what’s currently popular, and then innovate their own version of the business. A lot of people, especially OFWs, choose franchising. They invest on the turn-key process, which business franchises offer to save time […]
Tags: Business, business ideas, business trends 2018, good business in 2018
Starting a dropshipping business is a low-cost, low-risk opportunity for new entrepreneurs. It is the next-level version of the classic online store. Basically, you just need to find an online dropship supplier. Then create your own online store. And then resell products from your dropship supplier. When someone buys from your online store, you will […]
Tags: Business, drop shipping, dropshipping, tips for dropshipping business
A few months ago, a reader asked me for book recommendations. Particularly, she wanted me to suggest good titles on personal finance and investments. I asked her what books has she already read, and she enumerated the most popular ones like “Rich Dad, Poor Dad”, “Think and Grow Rich”, and a few others.
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What are the popular income sources and favorite businesses that Pinoys put up today? I asked these in several online groups and tallied the answers. Here are the top 25 below. I hope you will be able to draw inspiration from these business opportunities. 1. A Buy and Sell Business This is one of the […]
Tags: best business to start in philippines, booming business in the philippines, Business, business ideas for philippines, business ideas philippines small capital, business in philippines with low capital, in demand business in the philippines, Income Opps
Today, it’s easier than ever to build and run your very own online business than putting up a traditional store front business. And you don’t even have to invest in robust e-commerce platforms like Shopify to get started. Thanks to social networks like Facebook, you can conveniently promote products, connect with potential customers, and close […]
Tags: 52 highly profitable online business ideas, create a profitable online store, earn as online shop business, how online shopping sites make profit, how to start an online store without inventory, make money online, most profitable online stores, online shop, profitable online store ideas
Doing network marketing, or simply “networking” as Pinoys call it, has a bad reputation in the country. This is largely due to the prevalence of pyramid schemes, which are nothing more than “get-rich-quick” scams that prey on people with little financial education. So, before anything else, you need to understand that network marketing is NOT […]
Tags: how to succeed in network marketing fast, how to succeed in network marketing today, network marketing, network marketing success secrets, network marketing success tips, network marketing tips and tricks, network marketing tips for beginners, network marketing tips for guaranteed success
Hi, my name is Fitz Villafuerte and I’m a Registered Financial Planner living in the Philippines. In 2007, I started this blog to help people learn how to achieve financial freedom. Read my story here.
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