Comprehensive Financial Advisor Phils

28/04/2024

“Our study highlights Filipino millennials as the most financially literate generation,” said Carla Gonzalez-Chong, Chief Client Experience and Marketing Officer of Sun Life Philippines, in a statement. “Their tech-savviness provides access to financial tools, and they prioritize research-based decisions.”

“Yet, the study reveals a concerning trend – a lack of long-term financial plans to secure life goals,” Gonzalez-Chong added. “A well-defined plan is crucial, especially in today’s dynamic investment environment, to ensure a stable financial future.”

Filipino millennials, despite boasting the highest financial literacy of any generation in the country, are failing to translate knowledge into action, according to a report by Sun Life Asia.

12/04/2024

My friend from college became successful when she got promoted three times in a multinational company she is currently employed.

During the stint of her success, she managed to get a condominium and a brand new car as a reward for herself. Her properties are expensive that she needs to back those up with insurance. Since she managed to secure her properties with insurance, I asked her "IKAW? Kailan mo ikukuha ang sarili mo ng personal insurance? Ikaw nagbabayad ng lahat ng yan...." She goes, "Sige, pagusapan natin yan pag may time ako. Busy pa. Di ko pa yan mahaharap." I was silenced.

During free days, we would usually explore the restaurants and coffeeshops around the metro. In one of our weekend shopping sprees, she once jokingly told me "diba ang mga mayayaman may mga imported na a*o?" - she got herself a chihuahua.

She loves to travel. She is indeed a wanderlust. She would reward herself an out of the country or out of town trips during long weekends. Batanes. Coron. Siargao. El Nido. Amanpulo. UK. USA. Japan. Korea. Canada. Australia. She has been to almost all the places one can dream of.

Her life was blissful until...

One day, she felt a sudden pain gushing through her stomach down to her pelvis. The pain became unbearable in less than an hour that she needs to ask her neighbor to drive her to the hospital.

She was rushed to the ER.

Sedated. Confined.

The test went back with the result: COLON CANCER. Stage 3.

Her age? 31.

She called me up soon as she was able to gather her self from shock. I rushed to the hospital and comforted her. She's afraid to die but she was more concerned about the expenses she will face from that day forward.

She then said helplessly "Sis, baka pwede nating gawan ng paraan yung insurance na inooffer mo? Okay lang kahit doblehin ko na lang yung premium..."

I hugged her so tight that I cannot help my tears from falling down my cheeks in deep regret. I whispered, "Sis, I am sorry. Wala na akong magagawa sa insurance na kailangan mo..."

We cried.

She eventually resigned. Sold her condominium and her car to finance her treatments. Her puppy was adopted by another friend. She drained all her savings and owed some banks and friends some money. Her then co-workers passed the hats to help. She was broke.

She battled for two years but she was not able to make it. Leaving her family grieving and in debt. Leaving me with great regret.

She made me learn one thing: If you love your friends and if you are truly concerned with the people around you, insist to help them before it is too late.

So if I come around bugging you about insurance, do not shy away. Because if you are concerned about your family, you will be more than willing to sit down with me and talk: HOW MUCH DO YOU LOVE YOUR FAMILY?



ctto

10/04/2024

ADVICE TO ALL EMPLOYEES :

1. Build a home earlier. Be it rural home or urban home. Building a house at 50 is not an achievement. Don't get used to government houses. This comfort is so dangerous. Let all your family have good time in your house.

2. Go home. Don't stick at work all the year. You are not the pillar of your department. If you drop dead today, you will be replaced immediately and operations will continue. Make your family a priority.

3. Don't chase promotions. Master your skills and be excellent at what you do. If they want to promote you, that's fine if they don't, stay positive to your personal.
development.

4. Avoid office or work gossip. Avoid things that tarnish your name or reputation. Don't join the bandwagon that backbites your bosses and colleagues. Stay away from negative gatherings that have only people as their agenda.

5. Don't ever compete with your bosses. You will burn your fingers. Don't compete with your colleagues, you will fry your brain.

6. Ensure you have a side business. Your salary will not sustain your needs in the long run.

7. Save some money. Let it be deducted automatically from your payslip.

8. Borrow a loan to invest in a business or to change a situation not to buy luxury. Buy luxury from your profit.

9. Keep your life,marriage and family private. Let them stay away from your work. This is very important.

10. Be loyal to yourself and believe in your work. Hanging around your boss will alienate you from your colleagues and your boss may finally dump you when he leaves.

11. Retire early. The best way to plan for your exit was when you received the employment letter. The other best time is today. By 40 to 50 be out.

12. Join work welfare and be an active member always. It will help you a lot when any eventuality occurs.

13.Take leave days utilize them by developing yr future home or projects..usually what you do during yr leave days is a reflection of how you'll live after retirement..If it means you spend it all holding a remote control watching series on Zee world, expect nothing different after retirement.

14. Start a project whilst still serving or working. Let your project run whilst at work and if it doesn't do well, start another one till it's running viably. When your project is viably running then retire to manage your business. Most people or pensioners fail in life because they retire to start a project instead of retiring to run a project.

15. Pension money is not for starting a project or buy a stand or build a house but it's money for your upkeep or to maintain yourself in good health. Pension money is not for paying school fees or marrying a young wife but to look after yourself.

16. Always remember, when you retire never be a case study for living a miserable life after retirement but be a role model for colleagues to think of retiring too.

17. Don't retire just because you are finished or you are now a burden to the company and just wait for your day to die. Retire young or whilst energetic to enjoy waking up for a cup of coffee, enjoy the sun, receive money from your business, visit nice place that you missed and spend good time with family. Those who retire late, spend about 95% of their time at work than with their family and that's why they see it difficult to spend time with their family when they retire but end looking for another job till they die. If they don't get another job, they die early.

18. Retire at your house than at government accommodation so that when you retire you can easily fit into the society that raised you. It's not easy to adjust to live in a location after spending more years at company house or at government house.

19. Never let your employment benefits make you forget about your retirement. Employment benefits are just meant to make you relax, get finished whilst time is moving. Remember when you retire no one will call you boss if you don't have a viable business.

20. Don't hate to retire because one day you will retire either voluntarily or involuntarily.

13/03/2024

❤️

11/03/2024

Filipino Income Groups and how much they're earning.

As a general rule, 5%-10% of our monthly income should be invested in insurance depending on the number of dependents and the kind of insurance.

08/03/2024

Yes po, covered pa rin 😂😭

07/03/2024

02/03/2024

We are saved NOT because of our own doings, not because of religion, not because of anything else, but because of FAITH and the gift of God.

So that no one may boast.

26/02/2024

Mdore than one's capacity to pay premiums, insurance companies evaluate the health condition of the applicant. Please insure yourself now.