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

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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

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We’re excited to announce a new partnership with TagM Marketing Solutions, represented by Papa Marky! This collaboration means we’ll be bringing you weekly episodes to help us reach even more people with valuable insights.

We’re also launching a Patreon community, and you can join for free. Early supporters will get exclusive perks, including the ability to request an episode, receive a member shoutout, and enjoy discounts on coaching and courses. Plus, both free and paid members will have access to a curated resource list and a community chat.

Join our Patreon Community today:

https://www.patreon.com/peraandpurposepodcast

Are you working hard but still not seeing the wealth you hoped for?

It might not be about your effort or desire but about not having a solid set of financial principles guiding you.

In today’s episode, we’ll uncover the key wealth principles that can help you build a strong financial foundation.

We’ll differentiate between values and principles, why principles matter, and how to craft and apply your own set of principles to achieve lasting financial success.

🧠What You’ll Learn:

1. Understanding Principles vs. Values

2. Importance of Principles

3. Common Wealth Principles

4. Creating Your Own Principles

5. Overcoming Challenges

Have you ever felt uncertain or disconnected when making financial choices, wondering if your decisions truly align with what matters most to you?

This alignment is crucial because when your values and financial decisions are out of sync, it often leads to stress, dissatisfaction, and even financial instability.

Research shows that when people align their financial actions with their personal values, they experience greater satisfaction and stability.

Financial decisions become more than just numbers—they start reflecting your true self.

This is why today, we’ll explore how to uncover your personal values and use them to guide your financial decisions effectively.

By the end of this episode, you’ll have a clear roadmap for aligning your financial actions with your deepest values, leading to better financial health and greater personal satisfaction.

What You'll Learn:

• The Importance of Understanding Personal Values

• Misalignment Between Personal Values and Financial Decisions
• Exercises to Identify Personal Values

Resources mentioned:

- ⁠Shalom Schwartz's Theory of 10 Universal Values⁠

- VIA Institute On Character ⁠Survey⁠

Imagine waking up one day to find out that you’ve lost 700,000 pesos to a scam.

It’s a nightmare that has become a harsh reality for many. Task scams, recruitment scams, investment scams, loan scams – they’re all designed to exploit our trust and financial vulnerability.

The rise in financial scams in the Philippines is alarming, with many falling victim due to lack of awareness.

Understanding how these scams operate is crucial to safeguarding our hard-earned money.

Today, we will explore various types of scams, from task scams to investment frauds, and equip you with the knowledge to protect yourself.

This episode is a recording of my recent interview with Ms. Salve and Ms. Valle on Teleradyo Panalong Diskarte, where we delved deep into these issues.

Knowing these tactics not only saves your money but also your peace of mind.

What You'll Learn:

- How to avoid loan, task, investment and other scams targeting OF's

- What to do when you receive unsolicited calls

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Have you ever wondered why some people seem to accumulate wealth faster than others, despite having similar incomes?

The key to financial success isn’t just about earning more money—it’s about how much you save and invest.

Many people chase higher-paying jobs or promotions, thinking this will lead to wealth.

But studies show that savings rate is a more crucial factor in building wealth than income alone.

According to research, individuals who focus on saving a significant portion of their income can accumulate wealth faster, regardless of their earnings level.

Understanding the advantage of having a higher savings rate can transform your financial journey.

It highlights the importance of managing your expenses and making conscious choices about your spending habits.

So, in today’s episode, we’ll uncover why saving is so powerful, explore common misconceptions, and discuss practical steps to boost your savings rate.

What You'll Learn:

- The secret to financial success is not just earning more but saving more.

- High savings rates lead to faster wealth accumulation.

- Managing expenses and prioritizing savings are crucial. - Automate savings, track expenses, and set clear financial goals.

- Living below your means and investing wisely accelerates financial growth.

Resource mentioned:

- Networthify: https://networthify.com/calculator/earlyretirement

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