Financial Wellness Learning Hub

Financial Wellness Learning Hub Sharing my journey towards financial wellness. Argee Abadines is a financial literacy advocate.

24/06/2019

Understanding the Kapa Scam. Beware of things too good to be true!

12/06/2019

Don't fall for a pyramid scheme!

When people don't have financial literacy :(
12/06/2019

When people don't have financial literacy :(

Kapa Ministry merges religion and social media to orchestrate one of the biggest investment scams in Philippine history

Would you buy IPO shares of AirAsia? :)
04/05/2019

Would you buy IPO shares of AirAsia? :)

The Philippine unit of low-cost carrier AirAsia plans to push through with its initial public offering (IPO) this year, driven by the company’s improving performance. by Catherine Talavera

Are you preparing for retirement? 😮
08/04/2019

Are you preparing for retirement? 😮

Filipinos have set aside only 3.6 months’ worth of personal savings for their retirement, the lowest among eight countries in Asia, according to a survey conducted by Manufacturers Life Insurance Co. by Mary Grace Padin

Benjamin Graham was the mentor of Warren Buffet!
26/03/2019

Benjamin Graham was the mentor of Warren Buffet!

There are many ways to determine the intrinsic value of a stock. The process of finding the “true” worth of a company, however, may mean different things to different types of investors.

:)
16/03/2019

:)

"THE THING CALLED MATERIALISM"

A year ago, a casual friend of mine asked me this…
“Francis, how come you’re still driving that old car”?
I responded by saying this…
“Why not, it still runs”!

My friend’s face suddenly went into a fog. He can’t simply understand what I am saying. Here are two guys with two different perceptions.
My friend purchased his car for the gain of his status symbol. To him, his car is meant to signify its owners’ high social and economic standing.
For me, my car is an object to bring me from point A to point B.
My friend is still paying his brand new SUV’s monthly amortization while mine is all paid for.

I have nothing against people buying and purchasing handbags, shoes, cars, Rolex, and iPhones.
After all, they have every right to use their hard earned money.
But sometimes, it is too much.

People are so hooked up with material things, working long hours to attain that, and still end up being miserable.
They didn’t know that Materialism is a system that eats them from the inside out.
These people define their value in terms of the objects that they own. They get stuck in a never-ending comparison. They crave external appreciation and wait to be noticed by others.
And losing their true identity in the end.

I used to be like one of them. Having been schooled in La Salle Greenhills, a private Catholic school exclusively for boys, I had no choice but to blend in with the crowd.
When 80% of the students there are the sons of the affluent and known people.
You will be left out hanging dry out in the field if you don’t have what these kids have.
So I had to convince my hard-working father to buy those Reeboks and Girbauds just to belong to the group.
It did work… for a while.

Clearly, that is a thing of the past. And now I cultivate and nurture my children (who are homeschooled in the U.S.) to refrain or stay away from material things as much as possible.
They have iPhones sure, but it is the older version (to the point of being obsolete).
They have Kevin Durant shoes from Nike but that too is old and hand downed over by their cousin Andre.

All of these cases might give you a presumption that we are cheap and killjoys but we are not like that.
We buy things too… but only the things that we need.
I have my MacBook for my Web Development.
My eldest buy the latest games for his PS4.
We travel, we eat out, and we go for leisurely things once in while. We spend to buy things because we need them. We do what we desire.
The only thing that we are not is we are not here to “Dress to Impress”.

I face people from different walks of life, and believe me,
I can sense those people who are “Materialistic” a mile away.
It’s a shame to see them living that way. Some of them are close friends and relatives of mine.
To them, they achieved this “Temporary Happiness” by buying these new things. Then 3-4 months after, they need to replace the thing that they bought to a newer version that just came out. It’s insane.
They are succumbing to the capability of technology’s persuasive power to be updated all the time.
To them, they think that is necessary.

To them, their mountain is so high that it is endless.
They climb and climb and climb. They sacrifice things like their health, family time, and other precious things that are completely FREE.
They don’t stop climbing. They don’t look down on what they accomplished. They simply can’t. They need to impress everyone.
They just need to go up and up and up.

Me, I have found my Mount Everest.
I mean, I got everything I need right here with me. I got air in my lungs, and a bed to sleep on.
I have my loving family and friends who I can count on.
And yes, I still drive that 13-year-old car even up today.

Francis Isberto
Friendillion.com

, , , , ,

It involves killing off D___ :)
21/02/2019

It involves killing off D___ :)

Better than picking a stock.

There are many ways to budget depending on your style and need :) Which one are you using?
16/02/2019

There are many ways to budget depending on your style and need :) Which one are you using?

Look into these areas!
10/02/2019

Look into these areas!

Address

Rodriguez
1860

Telephone

09154142400

Website

Alerts

Be the first to know and let us send you an email when Financial Wellness Learning Hub posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Financial Wellness Learning Hub:

Share