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
Listen to Episode 20 Summary of Episode 20: The story of my visit to my doctor friend. (1:00) I’m a firm believer that you should not invest on things that you don’t understand. That’s why the first step is always to invest in yourself, to invest in knowledge. (3:45) Watch a FREE online financial coaching […]
Tags: afraid to lose money, fear of losing money, Freelancing, Investing, loss aversion, Mindset, overcoming your fears, Podcast
A couple of nights ago, I was on an “online video hangout” with friends and one of them asked what were the things we learned during the quarantine. We shared some of the online courses we took, the books we read, and the things we tried; which includes making Dalgona coffee, watching documentaries on Netflix, […]
Tags: daily routine, empathy, how to motivate yourself, Life Lessons, listening skills, Mindset, Mindsetting, motivation, resilience, self-control, self-motivation, sleep, sleep discipline
Listen to Episode 17 Summary of Episode 17: MVQ means Minimum Viable Quantity. And this term refers to the minimum number that you need for a specific item. It requires total honesty with yourself to be able to determine the least number for you, because if not, you’ll buy things that end up as an […]
Tags: how to avoid overspending, how to curb overconsumption, Mindset, Money savings tips, Podcast
Listen to Episode 10 Summary of Episode 10: Announcement of the 10 winners for the Financial Fitness Forum Promo (0:50) Note to all the winners: Please wait for the confirmation email that will be sent on or before March 15. The email will have more details and instructions on how you can claim your complimentary […]
Tags: kurot dakot utang, kurot principle, Mindset, Money Saving Tips, Podcast
On more than a few occasions, I’ve met talented people who can’t seem to realize their full potential. But not because there’s lack of opportunities for them, but because they often doubt themselves and think they’re not good enough. Take my friend as an example, who has a magnificent voice. In fact, she’s won a […]
Tags: how to deal with imposter syndrome, imposter syndrome anxiety, imposter syndrome treatment, Mindset, Mindsetting, TED, TED Education
I first heard of the term work-life balance when I was a high school student. Our school’s guidance counsellor told us during a career orientation seminar, that college and life after will be challenging. And above most things, it’s important to maintain proper work-life balance. He emphasized that it’s not good to spend too much […]
Tags: achieving work life balance, how to have work-life balance, Mindset, Mindsetting, work life balance articles, work life balance examples, work life balance importance, work-life balance
They say that experience is the best teacher. That’s why when we fail or make a mistake, the optimistic view is to learn from that experience. I was once deep in credit card debts. It came to a point when collectors started calling my house and harassing my parents to pay my debts. That was […]
Tags: learn from experience, learn from experience essay, learn from experience synonym, learning through life experiences, Life Lessons, Mindset, Mindsetting, the best way to learn is through experience, what can i learn from experience, what do you learn from experience
How do you become financial independent? What are the keys to achieving it? What are the characteristics of people who are financially free? Reaching financial independence is a marathon. And just like preparing to run a marathon in real life, you need to understand some basic principles for success. Below are 10 quick tips, which […]
Tags: achieving financial independence, financial freedom, financial independence, Life Lessons, Mindset, reaching financial freedom
The terms, businessman and entrepreneur, are often interchanged in use today. Anyone who owns a business and makes money passively is often referred by any of these names. But there are subtle, but important differences between the two. And knowing them can significantly change how one will start and eventually run their business. Below are […]
Tags: Business, businessman, businessman vs entrepreneur, difference between entrepreneur and businessman, entrepreneur, Mindset, similarities between businessman and entrepreneur
What you believe controls your thoughts, which then dictates your actions. And having unhealthy beliefs about money will definitely lead to bad financial habits. Below are seven money mindsets that a lot of Filipinos have. And among the major reasons why a they’re financially poor. Check yourself against them. Take action on eliminating and then […]
Tags: bad money habits, Mindset, Mindsetting, money habits, Pinoy money habits, poor money habits, unhealthy mindsets about money
Billionaire Bill Gates once said, “If you are born poor it’s not your mistake, but if you die poor it’s your mistake.” And that’s a kind of mistake you don’t want to take to your grave, and burden your family and loved ones after. Fortunately, there are easy-to-recognize signs, which can help you see if […]
Tags: Life Lessons, Mindset, Mindsetting, poor, reasons why people remain poor, reasons why the poor is poor
Is it better to invest in real estate or in the stock market? Should I stay in my good-paying job or quit to start my dream business? Should I save for an emergency fund or pay my debts first? Where should I invest, UITFs or mutual funds? Over the years, I’ve been asked these questions […]
Tags: Cost averaging OR timing the market, Good-paying job OR dream business, growth mindset, Invest OR travel, Mindset, Mindsetting, Stock market OR real estate, UITF OR mutual funds
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