With unemployment increasing and the cost of living exponentially growing, living and surviving in this competitive country will be difficult. At this point, working corporate, even at a high position, will not significantly improve the chances.--- READ:
commodity. Some may even connect money with happiness. Without a doubt, money can dictate every aspect of life, whether as power, love, or materials.
With unemployment increasing and the cost of living exponentially growing, living and surviving in this competitive country will be difficult. At this point, working corporate, even at a high position, will not significantly improve the chances of achieving financial independence. I am also considering the fact that inflation will continue to hit the country. As I want to start a family in the future, it will significantly affect my decision-making to ensure good lives for my loved ones.
He started by explaining four types of savings. First, here-and-now savings are budgeting to be able to pay off the expenses while setting aside for your pleasure. Second, medium-term savings are meant for expenses during events such as owning a car, buying a house, and spending on tuition. Third, long-term savings for the known future cover retirement and additional support for the next generations.
My biggest takeaway from this session is patience. There is no doubt that hard work contributes to being financially stable. However, people often overlook the quality of being patient. In 20 to 30 years, he assured us that the small investment in stocks or UITF would yield enough to provide for the future generation. He mentioned a simple P30,000 investment can change the life of a loved one in the future as long as we invest smartly now.
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