Posts by author
Fitz Gerard Villafuerte
10 ways to raise capital for your business
HOW do you raise the start-up capital for your business?
What is the anchoring effect?
THE anchoring effect is a cognitive bias where our decision-making is influenced by the first piece of information we receive, which serves as an “anchor” for our subsequent judgments.
Do you know the price of free?
THE “price of free” refers to the hidden costs or trade-offs associated with seemingly free products, services or offers.
Have you heard of the framing effect?
THE framing effect is a cognitive bias that occurs when our decisions are influenced by how information is presented or framed. Essentially, the same information can be presented differently, leading to different outcomes based on how it is stated.
Be careful not to fall victim to the sunk cost fallacy
THE sunk cost fallacy refers to our tendency to continue doing something simply because we have already invested time, money or effort, even when the current or future benefits are minimal or non-existent.
How defining meaningful goals transforms your financial life
WHEN you were a kid, I’m sure a lot of people asked you what you wanted to be when you grow up. And as you entered school, the question changed to what career you wanted to pursue.
10 ways to raise start-up capital for your business
HOW do you raise the start-up capital for your business? This question is probably the biggest problem faced by those who want to become an entrepreneur.
Recovering the power of meaningful goals
WHEN you were a kid, I’m sure a lot of people asked you what you want to be when you grow up. And as you entered school, the question changed to what career you want to pursue. It was exciting to answer these questions, primarily because we had the freedom to choose among many possibilities, to decide which direction we want to go in life.
A simple story of a successful business
JUAN had a business idea. He followed all the necessary steps in starting a business and opened his store a few months after.
The best investments for your short term goals
WHAT do you want to do this summer? Do you want a 1-week vacation in Boracay? What do you want to buy within the next few months? Do you want to buy a new smartphone? A new laptop? What about next year, or two years from now? Do you want to buy a car? Start your own business? Pay that downpayment for your dream home?
7 financial mistakes people regret after retirement
RETIREMENT means no stress, no pressure, and no worries. It depicts bliss, fun, and freedom—but not when you’re in a bad financial situation.
Six quick tips for beginner investors
Almost everyone successful at saving money experiences difficulty when it comes to finally starting their investment portfolio. I know I did.
An investing guide for people who are afraid to invest
EVERYONE would agree that investing is something that financially smart people do. However, not everyone who has the money does it. Why?
Handling friends who borrow money
YOU’VE been doing a lot of changes to improve your financial health. You’re proud of your accomplishments and your friends could tell that you’re doing well. Then one day, a friend confides that he’s been having money problems and hopes that you could help by lending him some cash.
Only fools want to become millionaires; so don’t be one
DO you want to become a millionaire? If you do, then you’re a fool. Why? Because having a million in your bank account won’t make you happy. Do you know what will make you happy? Spending that million. Am I right?
Four silly reasons why people don’t invest
COGNITIVE dissonance is a term in psychology where an individual experiences discomfort because they hold contradictory beliefs, ideas or values at the same time.
What you need to know about planning for your retirement
To retire young and to retire rich: this is the goal of most people; and this WAS certainly my goal. Yes, it was my goal—something that I wanted to achieve before…but not anymore. And let me explain to you why.
Only fools want to become millionaires, so don’t be one
DO you want to become a millionaire? If you do, then you’re a fool. Why? Because having a million in your bank account won’t make you happy. Do you know what will make you happy? Spending that million. Am I right?
Do you want to start a business? Here’s your first real step
STARTING a business is one of the best things you can do in your life. It’s a challenging but ultimately rewarding experience. And like a lot of difficult things, doing the first step, which is finding your entrepreneurial spirit, is often the hardest part.
Six questions to ask yourself when choosing an investment
THERE are hundreds of investments out there. But which one is the best? How do you choose the right investment for you?
Investing should be a habit, not a one-time task
YOU don’t have to wait for your Christmas bonus or 13th-month pay to invest because a lot of companies have now lowered the minimum investment required for you to open and top-up your account.
Digital marketing strategies that will boost your e-commerce business
THE e-commerce business is booming. Experts also predict 95 percent of purchases will be made online come 2040. E-commerce sales are also expected to grow 15 percent each year, dominating the retail market.
7 bad money habits that Pinoys must stop doing
WHAT you believe controls your thoughts, which then dictates your actions. And having unhealthy beliefs about money will definitely lead to bad financial habits.
The psychology of impulse buying and how to avoid it
A participant in a personal-finance workshop that I was conducting asked, “How do we avoid spending during a mall sale?”
6 money-saving tips for living in a condo home
BUYING a condominium and calling it home is now common in urban cities such as Metro Manila. While buying a house and lot is still a dream for many Filipinos, young urban professionals and newlyweds are opting for condos as their starter home.
10 ways to teach your children about money management
GROWING up, the only money lesson I really learned from my parents was that it’s important to ‘save money for the rainy days’. While that is indeed an essential lesson, to me at that time, this simply meant that I shouldn’t spend all my allowances and make sure that I save some for my piggy bank.
10 effective ways to make money online in 2022
ONE of the most important realizations that many had in recent years while stuck at home is that there are a lot of ways to make money online.
9 good reasons to apply for a personal loan
PERSONAL loans are so accessible these days. You can even apply for it online. And most don’t need collateral and just base your approval on your creditworthiness.