The 16th Congress of the Philippines through Republic Act 10922, has declared the second week of November every year as “Economic and Financial Literacy Week”. This is the government’s recognition of the importance of financial literacy to help the country grow. It hopes to teach people how to make sound financial decisions, mobilize savings, and […]
Tags: BDO Foundation, financial literacy, In Focus, Peso Asenso
Financial freedom is a long journey, and sometimes it can feel as though you’re not making any progress at all towards achieving this goal. It’s normal to feel uncertain about your future, and be doubtful of your financial progress. That’s why it helps to remind yourself once in a while, of how much you’ve actually […]
Tags: am i financially stable calculator, financial education, financial literacy, financially secure definition, financially stable definition, financially stable synonym, how am i doing financially for my age calculator, how to become financially stable in your 20s, Mindset, money, Personal Finance
Last month, I did an online survey on the financial situation of Filipino families. I’d like to thank everyone who took the time to answer the questions. Below are the current summary of responses, and my personal thoughts about it. What is your biggest source of income today? Salary from being an employee: 85% Income […]
Tags: Filipinos, financial education, financial literacy, IMG Wealth Academy, Personal Finance, survey
Last week, I flew to Legazpi City in Albay and checked into the Malinao Treatment and Rehabilitation Center (MTRC) MTRC is a government facility run by the Philippine Department of Health, which treats and rehabilitates drug dependents and their families. The center primarily uses the Therapeutic Community Model to treat patients, which is a holistic […]
Tags: financial literacy, malinao rehab center, News and Events
If I remember it right, it was my aunt who gave me my very first piggy bank, and it was a holiday gift. When I asked what it was, she said, “It’s where you should keep all the money you’ll receive this Christmas.” I did not fully understand why, but I did it anyway. And […]
Tags: children, family finances, financial literacy, kids, Personal Finance, piggy banks
When I graduated from college and got my first job, I officially became financially independent. For almost ten years since that time, all my income was mine alone to spend on whatever I need and want. But then, I slowly realized that my parents have not fully prepared for their retirement, and time would soon […]
Tags: aspirations, Filipinos, financial literacy, Personal Finance, Philippines
Back in 2008, I published a special research on The State of Financial Literacy in the Philippines. Five years later, let’s take a look at what has changed since then. Below, I’ve embedded the Financial Literacy Advocacy Report (FLARe) of Sun Life Philippines when they did the Study of Lifestyles, Attitudes, and Relationships (SOLAR). And […]
Tags: Filipinos, financial literacy, General Information, OFW, Overseas Filipino Workers, Philippines
Are you thinking of getting a financial advisor? If so, how do you choose the right one? Personally, I’ve already found the best personal financial advisor and if you would like to find yours too, then let me tell you where and how to find him or her. Simply look into the mirror and you’ll […]
Tags: financial adviser, financial advisor, financial advisor reviews, financial literacy, financial planner, free financial advisor, how to choose a financial advisor, Mindsetting, Personal Finance, what does a financial advisor do, what is a financial advisor
This month of August 2008, we have a lot of events lined-up so be sure to free up some of your time. Along with our regular business and livelihood trainings, there are also quite a number of seminars you can attend to improve your personal finance and business mindset. These opportunities are mostly in Metro […]
Tags: business trainings, expo, financial literacy, livelihood seminars, nego-skwela, News and Events, Philippines, TRC
In my previous post, I shared F. Sionil Jose’s thoughts on why Filipinos are so poor. He mentions poverty of spirit, poor sense of nationalism and loss of ethical moorings as some of the reasons. Personally, I believe that the lack of financial literacy is also one of the major cause why Pinoys are struggling […]
Tags: Filipinos, financial literacy, News and Events, OFW, Philippines
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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