Psychology of Money

How to Break Your Financial Vicious Cycle Part 2

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Get out of poverty 101

In my previous post, I talked about some causes of poverty. Now I’ll be sharing strategies and ideas to overcome and get out of poverty slowly, steps that you can personally take to break your financial cycle.  I did not discover these ideas all at once. These are the result of years of personal experience, thinking about stuff, deep conversations with people, and reading books and articles in different subjects including personal finance, logic, feminism, public policy, even fiction. I did not just wake up one day, and then bam! ideas! It took time. I’m sure there are a lot of other tips I haven’t heard of yet.   Before I start my TED talk, I want to emphasize the need to be kind both to yourself and to your family. In the long journey to get out of poverty, there will times when you will alternately hate yourself (for […]

Psychology of Money

How to Break Your Financial Vicious Cycle Part 1

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Financial Vicious Cycle Part 1

One of the many many reasons I blog is to share my experiences and strategies on how to break out of poverty just in case somebody out there in the nameless void can benefit from what I say. If there’s one thing that I pride myself on and consider myself an expert, it’s finding and implementing ways to break out of the financial vicious cycle. I was in poverty for the first couple of decades of my life. Getting out of poverty has taken me a good portion of the next decade. So I can claim that I have plenty of experience.   Contrary to what many financial bloggers and vendors of personal finance and self-help books say, poverty is not just caused by some unhealthy mindset that you can defeat by thinking positive thoughts to attract wealth from the universe. Many times, the causes are much deeper than just […]