Personal Finance Archives

Posts tagged ‘Personal Finance’

6 Ways to Improve your Relationship with Money

Published: September 2, 2020 | Personal Finance | No Comments

Taking control of our personal finances can feel overwhelming, but it doesn’t have to be says Thasunda Duckett, Chief Executive Officer of Chase Consumer Banking. In this TED video, you can watch Thasunda Duckett as she gives tips on how to minimize shame around money and start having honest conversations about how to save. Or […]

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How to Deal with Slow Financial Progress (Episode 34)

Published: August 28, 2020 | Mindsetting, Personal Finance, Podcast | 2 Comments

Listen to Episode 34: on Spotify on Apple Podcasts on Google Podcasts Summary of Episode 34: The story of Joel. (1:01) The two reasons why financial progress feels slow. (2:53) Sometimes, our financial progress feels like doing two steps forward and then taking one step back. And we tend to focus more on the setback […]

Tags: financial progress, how is financial progress measured, Mindset, Personal Finance, Podcast, slow financial progress

14 Quick Tips for First-Time Credit Card Holders

Published: August 26, 2020 | Personal Finance | 2 Comments

A credit card is a double-edged sword. If you use it responsibly, then you’ll reap a lot of financial benefits; But if you’re careless with it, the consequences can leave you in a financial disaster. Today, I’m giving you 14 quick tips on how to be a good and responsible credit card user. Especially if […]

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Digital Banking in the Philippines: Best Features and List of Digital Banks

Updated: August 20, 2020 | General Information, Personal Finance | 5 Comments

“Digital banking is the future of savings accounts,” claims a friend working in Singapore. I’m not surprised by his statement, for Singapore has the highest penetration rate for digital banks in ASEAN. That’s according to a study published by the global consulting firm, McKinsey & Company in 2015. From that same study of 13 Asian […]

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How to Survive an Economic Recession (Episode 32)

Published: August 14, 2020 | Personal Finance, Podcast | 1 Comment

Listen to Episode 32: on Spotify on Apple Podcasts on Google Podcasts Summary of Episode 32: What is GDP? What is a recession in layman’s terms? (1:08) How does an economic recession affect ordinary citizens? (3:10) Mentioned podcast episode: How to Cope with Losing Your Job (Episode 21) Invest and trade global markets: Sign up […]

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Recession vs Depression: A Primer on the Economic/Business Cycle

Published: August 10, 2020 | Business, General Information, Investing, Personal Finance | 1 Comment

The economy of the country shrank by 0.7% in the first quarter of 2020. And recently, the GDP numbers for the second quarter show that we experienced a massive 16.5% contraction. When the economy shrinks for two consecutive quarters, it’s called a recession. And thus, the Philippines is now officially in a recession. And in […]

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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 […]

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

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 […]

Tags: Amos Tversky, Daniel Kahneman, investments, loss aversion, Mindset, Personal Finance, Podcast, Prospect Theory, sunk cost, sunk cost fallacy, sunk cost trap

What To Do During a Recession to Protect Your Money

Updated: August 10, 2020 | Personal Finance | 1 Comment

Last March 2020, the International Monetary Fund or IMF 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 of the 2nd Quarter […]

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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 […]

Tags: importance of learning from experience, learning from experience, learning from experience examples, learning through experience philosophy, Life Lessons, Mindsetting, Personal Finance, Podcast

Posts tagged ‘Personal Finance’

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