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Showing posts with label video post. Show all posts
Showing posts with label video post. Show all posts

Powerful Productivity Technique

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Just a quick video post for today.

The essence of personal finance is not to spend more than you earn. But although saving is probably the more popular topic, the surest way to accomplish that is to ear more.

And although we can't guarantee that we'll earn more, being productive is still the best way to get on the path to earning more.

And in this 6 minute video, author Ben Angel shares with us a technique to makes us very productive.




You may have noticed that this is basically about building a good habit. Like what I've touched on previously - On Building Good Habits, and The Comprehensive Guide To Breaking Bad Habits And Making Good Habits Last For Good.

I guess that partly explains why successful people keep trying to strive for more, while a less accomplished ones may keep "phoning it in" so to speak. They may be locked into habits, one just happens to be better for their wealth.


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On Building Good Habits

On Building Good Habits

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Do you believe that life is a series of decisions?

I know that sounds a little too philosophical for a small, random blog. But it's easy to believe so, isn't it?

Everyday we make a lot of  small and big decisions. What shirt to wear, which route to work to take, what to eat... and most relevant to this blog, even what/when/how we spend our money.

If you really think about all the decisions you have to make during the day, you might be exhausted just from cataloging them. But the really interesting thing is that when you make those decisions, you aren't thinking at all.

To be more specific, the actions you decide to take are based on habits and not conscious decisions at all. Studies show that around 40% of the things we do, we do simply because we got used to doing them.

Habits are powerful. We could be living half our lives on autopilot. Worse, we could be doing so without really deciding that the "flight plan" is really what we want.
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3 Biases That Affect How You Handle Money

3 Biases That Affect How You Handle Money

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A while back I mentioned 7 behaviors that silently affected how we handle money.

Today I'd like to share and add three more to that list - Priming, Halo Effect, and Hindsight Bias. These were actually explained really well in Daniel Kahneman's book Thinking Fast and Slow.

But instead of me writing about it, here's a concise 4:35 animation from youtube channel FightMediocrity to explain it.
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What Causes Economic Bubbles?

What Causes Economic Bubbles?

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Do you remember a while back, when news was circulating that the Philippine economy might be in a bubble? It made a lot of waves because the US real estate bubble and the resulting financial crisis was relatively still fresh in everyone's mind.

Nothing that bad has happened so far, so maybe all is well after all. But have you wondered what causes economic bubbles?
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On Living Simply

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(This is going to be another one of my longer posts...)
On Living Simply. My opinion has always been that to live simply means not trading in my years-old smartphone for the latest model. Or basically not chasing any of the latest trends. That's true, but apparently that's not the entirety of it.

My opinion has always been that to live simply means not trading in my years-old smartphone for the latest model. Or basically not chasing any of the latest trends.

That's true, but apparently that's not the entirety of it.
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On Expenses, Passion and Savings

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On Expenses, Passion and Savings In the end what matters most is that you are able afford the life you really want. Sometimes that involves a lot of sacrifices, especially when it comes to expensive future goals - house, tuition, etc. But it's not a bad idea to indulge your passions as long as your goals aren't jeopardized. Who knows, they might be expenses now but income streams in the future.
If you've read a lot of personal finance articles or attended seminars on the same, you've probably become aware of a few similarities.

For one, starbucks is a popular target. Inevitably, a quick summation of designer coffee expenses is bandied around.

After that, the "list" usually includes gadgets, shoes, clothes, and high-end (or high-priced) food.

There's probably a good reason for that. Keeping finances in check is the first step towards financial independence. You can't invest without money and how can you have money if you don't save, right?

But life is usually more complex than what we are able to verbalize. And the same is true in this case.
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Pag-ibig Housing Loan

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Pag-ibig Housing Loan. Stuff you need to know about Pag-IBIG (HDMF) housing loan that isn't mentioned on their site and instead tackled in the loan counseling session.
As I mentioned in my earlier post, there's a few important things that are left unsaid on the Pag-IBIG official site. It's instead discussed in the loan counseling session that you're required to attend first. (note: I've read elsewhere that it isn't required anymore. I would still attend though, because of the info shared there that might not be on their site.)

I haven't attended myself, so I relied on two coworkers who have attended and loaned from Pag-IBIG. (I'll post an update once I am able to attend the seminar/orientation)
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