"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.