PHILIPPINES: FINANCIAL LITERACY IS THE KEY TO OVERCOME EXTREME POVERTY! Edenjevy Oliveros

in #entreprenuer6 years ago (edited)

FINANCIAL FREEDOM IS A MENTAL EMOTIONAL AND EDUCATIONAL PROCESS. Robert Kiyosaki


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Korena Sanchez is officially financial educators in IMG INTERNATIONAL MARKETING GROUP. She always promotes newly publish financial book of IMG THE SECRET TO SAVING AND BUILDING YOUR FUTURE. She argued that Filipino needs financial education and it helps us to stop poverty in our country.
Thus, Financial education is not just for the wealthy- it for everyone.


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Financial Education and solutions may not be the most exciting subjects to learn about. But with discipline and patience, you can understand the fundamentals and appreciate their importance. Knowing the basic financial concepts is the beginning of building a solid financial foundation.

Financial independence is not only a dream. It is a priority that every person should aim for. Take control of your * future by learning how to:

  • MAKE MONEY
  • SAVE MONEY
  • GROW MONEY
  • PROTECT MONEY
  • NO ONE ELSE WILL DO THESE FOR YOU.

EVERYONE DESERVES TO BE EDUCATED

The difference between wealthy people and average people is that the former takes the time to invest in knowing how money works. We believe that the poor or average person also has the right to become wealthy with the proper information on and guidance.
FINANCIAL EDUCATION is the key to saving a person’s future. However, many think that it’s only for the rich, that only they deserve financial education.


FINANCIAL EDUCATION MADE EASY

There are saying, “Plant what you want to harvest. If you want to harvest mangoes, plant mango tress, if you want to harvest tomatoes, plant tomatoes. However, if you wan to harvest money, then learn to plant money.”
We want to inspire you to become your own financial educator. Thus, we removed the complexities and made the basic financial concepts. You must be educated about your personal finances so you can decide for yourself what you need. When you are equipped with knowledge, no salesman can offer you complicated, over-priced or undervalued financial products.
Ultimately, what we hope for is that through financial education, you will buy and own product because you understand its purpose.


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FINANCIAL EDUCATION IS WHAT WE NEED

Bill Gates said, “If you were born poor, it is not a mistake; but if you die poor, it is a mistake.”
It is not a mistake of the society why we are poor. It is because we have poor mind set that leads us to poor result. Let us educate our mind in terms financial abundance. Thus, man were born rich.

Nobody should be more interested and invested in your financial future than you yourself. The government or your employer will not do it for you. It is your own responsibility to learn the simple rules of how money works. Understanding it is part of taking care of your family.
Financial education and discipline can help you become wealthy. You can do it. You can control and save for your future.


BUILDING BLOCKS OF A FINANCIAL FOUNDATION

Building a solid financial foundation is just like a building a house. You build it from the ground up.
Here’s how a solid financial foundation looks like:

  • First, you must have a proper healthcare coverage the event of a serious health problem or sickness. Both of these can greatly affect or upset a person’s financial stability, especially during old age. Statistics show that 90% of personal bankruptcies are due to unexpected and unforeseen illness.
  • Second, you must have a proper protection in the event of your premature death. If this happens, then you have instant money to pay off any responsibilities and liabilities left behind.
  • Third, manage and pay off all your bad debts.
  • Fourth, set a side 3 to 6 months of your income to deal with sudden changes in the job or business. This is also to pay for unforeseen accidents or repairs.
  • Fifth, save and make long term investments.
    You should consider your healthcare and protection as a priority. Why? Even if you save few hundred pesos a month, but have no healthcare and life insurance, it will not take you far. When you get sick disabled, or die suddenly, your savings won’t last very long. Getting long-term healthcare and life insurance are the best investments.
    Likewise, if you experience an emergency but your money is tied up in some investments, how could you deal with the sudden unexpected expense?

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If your money was not tied up then it could have been used as your emergency fund. Worst, if you have an emergency and you have no savings or emergency fund, then you may have to apply for debt.
A strong foundation will result to you having sturdier and resilient finances that can withstand any money-related storms, tornadoes, and earthquakes. Following these five building blocks of a strong financial foundation will help build and secure your financial future.


MONEY TALK: STRATEGIES OF THE WEALTHY

Most people spend money and save what is left.
Wealthy people save money and spend what is left.
Most people consider healthcare and insurance as an expense.
Wealthy people consider healthcare and insurance as an investment.
Most people work hard for the money.
Wealthy people let money work for them.
The difference between the wealthy and most people is the way they think about planning their future.

THE TWO IMPORTANT QUESTIONS YOU NEED TO ASK YOURSELF

There are two sets of important questions that you need to address.
1 . What is you die to soon? Who will take care of your family?
2 . What is you die to soon? Who will take care of your family?
Here are the solutions:

  • If you die too soon, Life insurance will take care of your family.
  • If you live too long, investments and long-term care will take care of you.

THE 3 MAJOR FINANCIAL NEEDS

1 . Income Protection/life insurance
This will protect your family if you die too soon. Life insurance protection can help you replace your income, help finance your children’s education, pay estate tax, pay debts, instantly.
2 . Investment
This is the answer if you live too long. This will generate continuing income for you when you retire. It is your money working for you.
3 . Long term Healthcare
This is the answer to your healthcare needs when you retire or get old. How comfortable your health care situation will be after you turn age 60 depends on the decision you make today.


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TO KNOW ABOUT FINANCIAL LITERACY CLICK HERE https://104352ph.imgcorp.com/tp

"Join us on the SteemGigs steem-based website https://steemgigs.org/ here. You know; "everyone has something to offer!"

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that would be so good, but people spend more money that's why we are over crisis . hard to gain money at this time not like the pass affordable goods but money hard to find. now 2018 easy to find money the problem is hard to buy good due to over prices of taxes..

yes. i agree with you, you can attend our financial seminars for free. where you from?

I will upvote and resteem your last blog post to my 36,000+ followers for free if you reply to this comment. Follow @a-0-0

You definitely earned my respect with this post my fellow!
you are indeed considered a life coach making everyone aware of this advocacy of our dear president!

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