“Instead of asking how to become rich, ask how you can become not poor.” I wrote this line on my ‘ideas notebook’ several months ago. I can’t remember anymore exactly where I heard it, but I’m pretty sure it’s from one of the podcasts that I listen to. What I do remember though, is how […]
Tags: how to avoid poverty, how to become not poor, how to become rich, how to deal with being poor, how to stop feeling poor, Mindset, Personal Finance, poverty, stop being poor
That online business you’re doing is starting to make good money, and you now have some extra cash. It’s tempting to spend the money and buy yourself something nice. However, you’re financially smarter now, and understand that it’s important to pay off your debts first before spending on non-essential wants. But then you ask yourself, […]
Tags: better to invest or pay off car loan, inheritance pay off debt or invest, invest or pay debts, invest or pay off debt reddit, invest or pay off mortgage, invest or pay off student loans, Investing, pay off debt or invest calculator, pay off debt or invest in real estate, Personal Finance, using investments to pay off debt
Listen to Episode 24 Summary of Episode 24: The different ways you can become rich. (1:18) The first fundamental principle that can determine your financial success is your ability to spend less than what you earn. (1:38) When it comes to personal finance, I believe that there’s no good reason to deny ourselves of our […]
Tags: how to save money, Money Saving Tips, Personal Finance, Podcast, principle of building wealth, saving habit, spend less than what you earn, tips to save money
It’s never easy to lose a job. And that difficulty has been amplified in recent weeks, as mass layoffs are happening around the world, including our country, due to the economic impact of this pandemic. It’s never easy to lose a job. And it’s more difficult if it happens when you have no safety net […]
Tags: how to budget when you lose your job, i lost my job and have no money, job loss, lost job no savings, lost my job need money to pay bills, Personal Finance, what to do if you lose your job, what to do when you lose your job and have no money
Listen to Episode 22 Summary of Episode 22: A pizza story. (1:23) A sunk cost trap or a sunk cost fallacy when a person is failing to see the best outcome because they have a bias resulting from a previous or ongoing commitment. (3:05) Watch a FREE online financial coaching video: Visit imgwealthacademy.com An illustration […]
Tags: Amos Tversky, Daniel Kahneman, investments, loss aversion, Mindset, Personal Finance, Podcast, Prospect Theory, sunk cost, sunk cost fallacy, sunk cost trap
Last March 2020, the International Monetary Fund or IMG has declared a global recession. Meanwhile, the GDP of the Philippines for the 1st Quarter of 2020 has contracted for the first time since 1989, that’s more than 20 years ago! With businesses in the country mostly on lockdown for the most part of the 2nd […]
Tags: global recession, how to make money during a recession stock market, how to prepare for 2020 recession, how to take advantage of a recession, Personal Finance, recession, smart investing during recession, what happens during a recession, what happens to your money in the bank during a recession, what to do during a recession, what to do with your money in a recession, where to put money during a recession
Listen to Episode 19 Summary of Episode 19: Learning from my own experience. (1:09) Learning from the experience of others. (3:17) Watch a FREE online financial coaching video: Visit imgwealthacademy.com Learning from the experience of others is not just about avoiding their mistakes. Beyond the obvious, we can also apply empathy and learn beyond what […]
Tags: importance of learning from experience, learning from experience, learning from experience examples, learning through experience philosophy, Life Lessons, Mindsetting, Personal Finance, Podcast
Listen to Episode 18 Summary of Episode 18: Referenced Article: Why Diets Don’t Work For most people, the word budget brings out the negative emotion that they need to control their expenses. (2:20) There are people who feel negatively about budgeting, whether consciously or subconsciously, because for them, the word budget means depriving yourself of […]
Tags: budget, budget managemet, budgeting strategies, how to budget, how to create a budget, Mindsetting, Personal Finance, Podcast, spending plan
I’m currently working with BDO for their #BANKyanihan campaign. I was interviewed for an article that was recently published, which I’m reposting below. With the government’s decision to extend the enhanced community quarantine (ECQ) in Luzon until May 15, the National Economic Development Authority warns of a continuing economic slowdown which is likely to cause […]
Tags: bankyanihan, BDO, In Focus, Personal Finance
I’m currently working with BDO for their #BANKyanihan campaign. I was interviewed for an article that was recently published, which I’m reposting below. As the enhanced community quarantine is scheduled to end on May 15, it is expected that there will be a limited return to normal activities. It means some people will be going […]
Tags: bankyanihan, BDO, In Focus, Personal Finance
Listen to Episode 15 Summary of Episode 15: Featured Song: Taylor Swift – Bad Blood ft. Kendrick Lamar For OFWs, if you really want to someday come back home, then you have to think about how you can replace your current income. (2:38) Many OFWs feel guilty about not being able to spend time with […]
Tags: Mindsetting, Personal Finance, Podcast, Taylor Swift
Listen to Episode 14 Summary of Episode 14: As a financial planner, it’s important for me to know your financial goals before I can confidently give you advice on what you should do with your money. (3:17) Mentioned study: The origins of the S.M.A.R.T. Criteria The definition of having S.M.A.R.T.E.R. goals. (5:54) Specific Measurable Attainable […]
Tags: financial goals, goal setting, Investing, Personal Finance, Podcast
Now, more than ever, being able to do online banking has become not just a matter of convenience, but also a necessity to minimize our need to go outside our homes during these times. While banks remain open to service the banking needs of clients amidst the enhanced community quarantine prevailing in Luzon, BDO Unibank […]
Tags: Banco De Oro, BDO, bdo online banking activation, BDO Unibank, General Information, how to activate bdo online banking abroad, how to enroll another account in bdo online banking, how to sign up for bdo online banking, In Focus, Personal Finance
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.
Ready To Be Rich