Ang ironic, di ba? The less money you have, the more expensive life becomes. It sounds counterintuitive, but this is the harsh reality for many Filipinos.

Everyday expenses like healthcare, housing, transportation, and even food cost more for those who are struggling financially. And the worst part? These costs trap people in a cycle of poverty.

According to studies, people living in poverty face what’s known as the "poverty penalty." The limited resources and options available to them lead to higher costs and fewer opportunities to escape their financial struggles.

In today’s episode, we’re going to dive deep into why it costs more to be poor in the Philippines, from direct and systemic costs to hidden barriers and how we can start addressing these issues—both as a society and individually.

What You'll Learn:

1. The concept of the "Poverty Penalty"

2. Systemic inequalities that trap people in poverty

3. Hidden costs of being poor

4. Debunking the myth of poor financial choices

5. Solutions at both systemic and individual levels

Join our Patreon Community today: https://whop.com/hub/peraandpurpose/

So my wife and I just bought our first (and only) car, and let me tell you, it wasn’t easy navigating all the choices.

From figuring out what we needed to what we could afford, we learned a lot along the way.

And by the end of this episode, I’ll share a smart strategy we discovered that can help you manage your interest payments.

So, whether you’re in the market for a new car or just curious, stay tuned!

What You'll Learn: - Gaining clarity on priorities and needs

- Determining budget and affordability

- Navigating the car shopping process

- Running the numbers and final negotiations

- Smart strategy for managing interest payments

Join our learning community for the free car calculator template: https://whop.com/hub/peraandpurpose/

In this eye-opening Halloween episode, we explore real-life stories of individuals and families who experienced dramatic financial downfalls. These cautionary tales serve as powerful reminders of the importance of financial literacy and prudent money management.

What You'll Learn:

- The importance of risk management in wealth preservation

- Why being a good steward of your resources matters

- Understanding the language of money

- The necessity of setting aside money for yourself, even as a provider

- How to manage expectations in financial relationships

- The critical need to fully understand a business before investing

- Why continuous innovation is crucial in business

- The dangers of lifestyle inflation

- The importance of diversifying your financial knowledge and not relying solely on others

Join our learning community here

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