How to increase your financial IQ during traffic


Image by BusinessWorld Online

Image by BusinessWorld Online


The economic cost of traffic mayhem is devastating our country today and no one knows when it will end. Economic  Planning Secretary Arsenio M. Balisacan has said the economic cost equals $3 billion a day. The sad part of it is we lose that much money forever. Traffic jams wear us out physically and often mean the loss of quality time with family, deny everyone sufficient rest and certainly very inconvenient. While most people fret, whine and complain in their car seats, idle times like these actually present opportunities for people to learn something new and worthwhile. There are ways to increase one’s financial IQ when one is stuck in traffic.



Image by Geekwire

Image by Geekwire

Read e-books that talk about business

There are hundreds of downloadable documents, magazines, books and piles of information available online. They dwell on investing, saving and money management. Use the leverage of technology and time to help you get smarter than a fifth grader.

Listen to a podcast 

Phone applications are way more popular now and podcasting is gaining prominence even among the nondigital natives. There are free programs available and all you do is look for “Personal finance” and subscribe. This is a free source of information to sharpen your thoughts and enhance your ability to make decisions.Listen or watch YouTube tutorials

WE are in an era where modern technologies, like the Internet, are readily available. Use these free resources to help you build a solid foundation in expanding or broadening your horizon in terms of finances. Though these are free sources of information, they do not necessarily suit you best. Filter what you hear and apply those that fit you best.

Write your thoughts about your finances

Financial products won’t solve 100 percent of your problem in finance, but self- awareness is going to free you from things you don’t know about yourself.  Take notes or type your ideas in your laptop. Have a broader view of what your finances will look like this year and of the breakthroughs you expect to happen. Make the necessary adjustments to handle it.

Image by

Image by

Download an app so you can monitor your finances

One good thing about these applications is they help you evaluate your finances. I love numbers, since they don’t lie. They tell you something. If you see that your budget is in jeopardy and begins to get out of hand and way beyond your weekly limit, learn to cut your wants and prioritize your needs.

Check web sites on personal finance

Financial web sites are effective in spreading new stuff about practical applications and the principles behind the popular blogs, articles and quotations should inspire you to be resolute move forward.


Image by Instagram

Image by Instagram

Bring a book

This is my personal favorite. Business books give me a sense of accomplishment. I can highlight the important points and prevent my phone from draining its battery. The books you need to read should relate to personal finance to increase your IQ and your financial awareness.

Excuses can make you weak. Never fell into that trap. Traffic can prove worse in the coming years, but I also believe that if you want to make some progress in your life, career or personal finance, change your mental perspective and, perhaps, do the unthinkable.

This was also published in BusinessMirror

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David Isaiah Angway is a RFP and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured in ANC On the money, Bloomberg TV Philippines. He is also columnist at BusinessMirror, Rappler, and MoneySense magazine. He is a licensed nurse and a former Senior Fraud Specialist of the largest bank in the world, JP Morgan Chase & Co.

He is the CEO and founder of WinLongTerm Financial Consultancy, helping young urban and educated millennial (Gen Y). It sets and achieves their long-term financial goals by empowering them through behavioral finance.

For more information and concerns subscribe to Facebook page or contact me at, here’s also my mobile number 0925-787-7796


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