A Year's Worth of Excuses

(clickable image)

"Bakit Hindi Nag-i-invest ang mga Pilipino" is a very insightful piece from Richard Macalintal that pretty much sums up why a huge majority of Filipinos fail to invest year in and year out.

It's actually a funny piece, but as Macalintal warns in the end, such financial recklessness is sheer idiocy and will result in tragedy sooner than you think. And I quote:

"Sa tingin nyo pag ganito ng ganito taon taon ang takbo ng buhay nyo, anong bukas ang naghihintay sa inyo at sa pamilya mo?

Pano kung wala ng magpautang sayo? Pano kung magsawa ng kabibigay sina mommy at daddy, sina kuya at ate?

Ayusin maige ang kaperahan Bago pa mahuli ang lahat..."

I really do hope people wake up and be brave enough to go against the flow. So what if people think you're poor or stingy because you didn't spend your entire Christmas bonus on gifts? So what if you don't go all out with your handaan once fiesta rolls in? So what if your car is 10 years old?

Step away from the pack, and be secure in the knowledge that for every peso you save and invest, you're building a better future for yourself and your family.


Like my cousin who wanted to borrow money from me coz pang fiesta daw. What the heck?
Jillsabs said…
I hope you said NO!
Janice said…
It's so true. I'm sure madami ang mkakarelate dito..:)

Can I share the image sa FB page ko? natuwa lng ako.. hehe
Anonymous said…
...and some people I know who had to get a loan just so they could throw a lavish party for their one year old. I have nothing against people who could afford to spend hundreds of thousands for a party. But to actually go into debt just so you could throw one?!
Didi said…
Iniisip ko ang version na pang OFW. Padala sa pamilya ng sang damakmak na gadgets, designer bags. Pautang sa mga kababayan. Swipe, swipe ng credit card at kuha ng personal loan. Invest sa business na walang back up savings. Hay.

Ang theme song ay hindi na natuto. Kind of frustrating. But I do hope a lot of people wake up.
Jillsabs said…
Go right ahead, the author is properly cited in the image naman :)
edelweiza said…
Very true! Hay, we need more Pinoys to learn how to be financially literate. :)
invest-friends said…
I read this too somewhere. It's never too late to take action.
Anonymous said…
I understand this and I can relate din. Reason is. . . hindi masyado na-eeducate ang pinoy about investing lalo na sa stocks na yan. Mindset ng mga pinoy, mag-aral at magtrabaho hanggang dun lang which is mali.
Anonymous said…
After seeing this, naisip ko, kung yung passion sana sa pag-share ng financial literacy maging kapantay man lang "passion" nung mga recruiter/ distributors ng MLM companies, mas madami nang mayamang Pinoy ngayon.
Jillsabs said…
Unless you earn from giving lectures or selling books on financial literacy, I don't think you'll be as bibo as MLM recruiters in pushing financial literacy.

And what is it about the Pinoy culture that doesn't put a premium on savings no? Are we too Americanized that we even took on their hyper consumeristic ways as well? Does that even need an answer?:p
Anonymous said…
Haha, I'm super not the best person to ask. My spendy habit in the past years came from the belief that "I will die soon, anyway." Last year lang ako sobrang naging seryoso sa pera. Helped a lot with my beauty product addiction.

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