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| Image credit to TGFI |
Do you have a house of your own or do you just rent because you think its practical? Do you even have a car or simply commute because you can't afford to get one?
Have you been paying all your bills, grocery and shopping wants through cash or you charge them as debit from your cards? Do you have some fund set aside to pay for your dream vacation? When you or one of your family members get sick, do you take a loan or ask other people to lend you money because you don't have any left on your wallet?
Are you debt-free or are you like the others who are buried in debt you don't know what to do with it anymore? Do you have any idea how to free yourself from these debts?
If you have kids, can you even send them to good schools and give them the best education possible? Can you even afford your children's needs without touching your active income and savings?
What if you meet your maker tomorrow (knock on wood) and you are your family's breadwinner -- who would be left to support them? Are you even ready at the thought that even without you, your family you would be leaving behind will be ok -- financially speaking?
Do you even know or have the slightest idea how much is your total net worth, assets and liabilities? Are your finances enough to take care -- if not all, some of those needs? These are only few of the basic real-life questions that we all should be able to answer HONESTLY and be actually AWARE to know more about.
Unfortunately Filipino culture makes us shy and awkward to talk about money and anything about finances. It's a very reluctant topic among family members and a somewhat taboo conversation even with friends especially with those you're only acquainted with or of course with strangers since asking someone about their net worth or assets is clearly a sign of prying and disrespecting one's pivacy. Unless the Government would inquire about one's SALN (Statements of Assets and Liabilities), we don't have a choice but to open and share that private information. But is that even healthy not to know? Or are we just in denial not to really know about it?
Opening oneself to public about your financial status would make you fall between being modest or arrogant. But the only important thing about is not actually knowing what you have but knowing what you need. By being honest about your financial needs, you may be able to think ahead, plan ahead and act ahead to prepare for the worse case scenarios that could happen.
Kailangan pa bang antayin na may mangyari na hindi maganda para malaman ang mga kulang at dapat gawin kung pwede naman paghandaan ngayon pa lamang?
So how can we know in order to prepare ourselves to secure our family's financial needs?
The answer is very simple.
EDUCATION.
If you want to know more, click these links to find out how: TRULY RICH CLUB and
