Posts under Personal Finance

The First Step to Becoming Rich is to Avoid Becoming Poor

Published: July 8, 2020 | Mindsetting, Personal Finance | 1 Comment

“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 […]

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Should You Invest Even If You Have Debts?

Published: June 29, 2020 | Investing, Personal Finance | 1 Comment

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, […]

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The First Principle of Building Wealth (Episode 24)

Published: June 19, 2020 | Money Saving Tips, Personal Finance, Podcast | No Comments

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 […]

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What To Do When You Lose Your Job and You Have No Money or Savings

Published: June 8, 2020 | Personal Finance | No Comments

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 […]

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Don’t Fall Into The Sunk Cost Trap (Episode 22)

Published: June 5, 2020 | Investing, Mindsetting, Personal Finance, Podcast | 1 Comment

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 […]

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What To Do During a Recession to Protect Your Money

Updated: June 6, 2020 | Personal Finance | 1 Comment

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 […]

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How to Make Experience Your Best Teacher (Episode 19)

Published: May 15, 2020 | Life Lessons, Mindsetting, Personal Finance, Podcast | No Comments

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 […]

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If Following a Budget is Hard, Then Do This Instead (Episode 18)

Published: May 8, 2020 | Mindsetting, Personal Finance, Podcast | 4 Comments

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 […]

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Withdrawing Huge Cash is a Risky Move During These Quarantined Times

Published: May 1, 2020 | In Focus, Personal Finance | 2 Comments

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 […]

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How to #COVID19-proof Your Finances

Updated: May 1, 2020 | In Focus, Personal Finance | 1 Comment

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 […]

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Band-Aids Don’t Fix Bullet Holes (Episode 15)

Published: April 16, 2020 | Mindsetting, Personal Finance, Podcast | No Comments

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 […]

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It’s Hard to Hit a Target That You Cannot See (Episode 14)

Published: April 9, 2020 | Investing, Personal Finance, Podcast | No Comments

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 […]

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