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 […]
Continue readingTag: Personal Finance
Digital Banking in the Philippines: Best Features and List of Digital Banks
“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 […]
Continue readingHow to Survive an Economic Recession (Episode 32)
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 […]
Continue readingRecession vs Depression: A Primer on the Economic/Business Cycle
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% […]
Continue readingThe First Step to Becoming Rich is to Avoid Becoming Poor
“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 […]
Continue readingShould You Invest Even If You Have Debts?
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, […]
Continue readingThe First Principle of Building Wealth (Episode 24)
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 […]
Continue readingWhat To Do When You Lose Your Job and You Have No Money or Savings
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 […]
Continue readingDon’t Fall Into The Sunk Cost Trap (Episode 22)
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 […]
Continue readingWhat To Do During a Recession to Protect Your Money
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 […]
Continue readingHow to Make Experience Your Best Teacher (Episode 19)
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 […]
Continue readingIf Following a Budget is Hard, Then Do This Instead (Episode 18)
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 […]
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