All rich people borrow money – they all have credit and loans. Do you believe that statement? I do because I’ve experienced how powerful it is to leverage on credit. More than 70% of the start-up capital of the internet cafe I own was borrowed from an investor. Furthermore, a lot of the equipment I […]
Tags: borrowing money, business loans, loans, Personal Finance
A friend asks if he could borrow money from you. He promises to pay by next month. You, being a good friend, loaned him some cash to help ease his financial burdens. That was a month ago and now, your friend is avoiding you. Whenever you get a chance to talk to him regarding his […]
Tags: borrowing money, debt, friends, how to ask for money back from family, how to get money back from a friend legally, how to get money back from someone who owes you, how to get your money back from a friend who owes you, how to politely ask for money owed, how to politely remind someone to pay you, how to tell someone they forgot to pay you, Life Lessons, loans, my friend owes me money and is avoiding me, pay back, Personal Finance
Filipinos have very close family ties and as a child, I was raised to honor this tradition. And since this is a big part of our cultural upbringing, it is often considered inappropriate to decline giving financial support to family members and relatives. Recently, a friend had an issue related to this. I specifically asked […]
Tags: borrowing money, debt, family asking for support, financial support, loans, Mindsetting, relatives
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