I attended a free financial education class conducted by one of the independent associates of the International Marketing Group here in Cebu. It was indeed very enriching. I felt all fired up with the mission to eradicate the problem of poverty in this country that I decided to write this article.
I actually learned a lot from the seminar but I can't put it all in just one article. So, let me just share with you ideas that appealed to me the most. I hope you will also get fired up and join me in this crusade against poverty.
Based on statistical research, it has been predicted that a large number of Filipinos will face an increasing challenge with the future of their financial lives. Wanna know why? Well, let me tell you.
Four (4) Major Challenges of the Average Filipino
- There is an uncertainty in the labor market. With the advancement of technology, more and more companies prefer to spend on automating their business operations.
- Most Filipinos are living in high debts but their savings are low or none at all.
- There is an extremely high cost of education. According to studies, college tuition fees in the Philippines double every six (6) years.
- As the country is developing, the cost of living in the Philippines is also increasing. Prices of commodities go up more rapidly than a person's regular wage.
Build Your Wealth Like You are Building A House
The Filipino is indeed facing a weary situation about his financial life in the future. Although some have already learned the value of saving for the rainy days but they have not yet mastered the art of building wealth. Many people are making this mistake. They become so excited about getting rich quick that they go right on to making an investment while neglecting the one thing necessary – a solid foundation.
Building wealth is just like building a house (or any architectural structure). You need to build a solid foundation in order for the house to stand strong. The taller the structure that you want to build, the deeper you need to dig for its foundation.
It is also the same with your wealth. If you want to secure your future, then you need to build a solid foundation for your wealth building. The International Marketing Group has a team of financial advisers who can teach you strategies on how to build this solid foundation for your wealth.
Education is the Key to Success
In everything that we do, there is always a learning curve. We do not get to be masters right away. We still need to study and learn how to do the work. Carpenters were not born with a hammer in their hands. Somebody taught them the skills of driving that hammer. In the same way, we also need financial advisers to teach us the right way to building our wealth.