Are you an employee?
If you are, think of the millions of pesos that actually passed through your hands in the last 20 to 30 years. Every year, you get your 13th month. But can you tell yourself exactly what happened to your 13th month in the past 5 years? Very rarely can people say how and where they put their money. Often, no one can really remember.
Did you know that the Philippines is one of the few countries that has the 13th month pay? Our foreign friends get confused when they hear it for the first time. They wonder how we can have a 13th month salary when there’s only 12 months in a year. For employees, the 13th month is really a guaranteed bonus.
If you save your 13th month for just 6 years, then based on the power of compound interest, you could already have close to 10 million pesos in savings and investments in the next 40 years. If you sacrifice for 6 years, you could already change your life.
Lack of knowledge and understanding about personal finance is causing a lot of Filipinos to lose money and retire poor.
There is “saving the right way” and then there is “saving the wrong way.” Many people do not realize it but they might have been saving the wrong way all along.
Are you interested in knowing how money works? Do you want to learn how you can create wealth for your family and build a good future?
Attend our FREE financial literacy seminar.