The Philippines has a very low savings rate compare to our
neighboring Asian countries. Actually there's no "saving culture" in
our country,only a culture of consumption. Savings are very important to our
country's development since these are the
main source of investments that can generate more production and
employment.
Philippines has Billions of dollars.
In December 2012, The Bangko Sentral
ng Pilipinas (BSP) says that Overseas Filipinos Worker (OFW) send US $23.8 billion
to their relatives back home each year. Where did all these money go? Most of
these remittances went into goods and services. Only a small amount went into
savings, which could have been invested.
One of the reasons why Filipinos do
not invest their money is they do not know where to put their savings. They
don't know how and where to invest. The few who call themselves as wise who
actually save end up putting their money in "get-rich -quick
schemes," which turn out to be pyramid scams and swindling operations. And
that is also one of the reasons why most of us Filipinos is apprehensive to
invest our hard earn savings.
Why would I invest?
There are so many reasons why we need
to invest our hard earn savings. By its definition alone investment are made to
generate future purchasing power that will keep ahead of inflation and provide
investors a sense of financial security. Investing is the ability o make your
savings grow or appreciate to achieve your long-term financial goals. Investing
is the most effective way to build your personal wealth and secure your
financial future.
There are various of investment
instrument that we can choose from depending on our needs, these are Stock
market, Bonds, Pension plan, Insurance policies, Real estate, Pension plan and
so on. If you have a bigger savings and want to avail yourself to more complex
options, your bank or your financial planner can help you.
Philippine economic growth.
If you have noticed in our news lately that the Philippines has posted better-than-expected economic growth, boosted by the strong performance of the country's services sector. Its economy grew 6.6% in 2012, the statistical bureau said, beating the government's target of 5 to 6% growth. The bureau added that a "substantial improvement" in manufacturing and construction sectors also aided growth. Strong domestic demand has helped cushion the impact of a global slowdown on the Philippines' economic growth.
What does this mean to you?
Most of us are just watching and reading this very good news. We have no idea what this means in an INVESTOR'S point of view. We just let this opportunity passes by as if nothing happens. Most of us say that I don't care because I don't know how to invest, but the irony is we never invest to our financial literacy or education. Imagine this my dear friends, if my parents did not invest for my formal education until college, what kind of life would I be having right now? Do you know how much is my parents total investment for my formal education from kinder to college? Ask your parents how much they invested for your formal education. Then, tell me how much does it cost for your education and why it is so expensive? Financial education is so valuable, we can even pass on to our children's children. Friends let's fight against poverty. Enough is enough. It's time to start investing.
My personal journey.
My dear friends allow me to share to you my personal journey. Last 2010, I joined the TRULY RICH CLUB. It was one of the best decisions of my life. Founded by Bo Sanchez , its purpose is to "help good people become rich". Because of the guidance I get from the club, I'm now investing in the stock market each month! Shocking, right? But it's amazing how I'm personally growing in my finances. I'm inviting you all to join the CLUB too. If you are interested, please watch and listen to this video how Bo explain what it is all about or you can click the link below. Thanks and God bless us all!
To go to our club website please click this Link TRULY RICH CLUB .
To Join Truly Rich Club please sign up here for Philippine Resident .
To Join Truly Rich Club please sign up here for International Resident.
You can also download the Book My Maid Invest in the stock Market in this Download link.
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