Comments on: Only 1 out of 10 Filipinos save up for retirement http://www.frugalpinoy.com/retirement/only-1-out-of-10-filipinos-save-up-for-retirement/ A Financial Freedom Guide for Filipinos Wed, 08 Feb 2012 14:41:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Organic Homesteader http://www.frugalpinoy.com/retirement/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-62 The Organic Homesteader Sat, 19 Jun 2010 00:58:27 +0000 http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-62 <strong>Newest Philippines Retirement Opportunity - Organic Farming...</strong> I found your entry interesting thus I've added a Trackback to it on my weblog :)... Newest Philippines Retirement Opportunity – Organic Farming…

I found your entry interesting thus I’ve added a Trackback to it on my weblog :) …

]]> By: john http://www.frugalpinoy.com/retirement/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-61 john Tue, 23 Mar 2010 08:23:13 +0000 http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-61 Quote: I do not want to do that to my kids. I do not want them to worry about my financial needs when they already have enough to worry about on their own. Totally agree on this. Older generation, always think/say that i dont have to save for myself i got loads of siblings to support me when i get old. Now, what really happen, some of the parents are the one supporting their kids family and retiring from work is not an option for them at all. Balance is the key to all aspects of life! Quote:
I do not want to do that to my kids. I do not want them to worry about my financial needs when they already have enough to worry about on their own.

Totally agree on this. Older generation, always think/say that i dont have to save for myself i got loads of siblings to support me when i get old. Now, what really happen, some of the parents are the one supporting their kids family and retiring from work is not an option for them at all.

Balance is the key to all aspects of life!

]]> By: edmund lao http://www.frugalpinoy.com/retirement/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-60 edmund lao Sun, 20 Dec 2009 22:51:00 +0000 http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-60 products are not the solution, change of mindset and education based on concept is. we must eliminate the one-day millionaire mindset products are not the solution, change of mindset and education based on concept is. we must eliminate the one-day millionaire mindset

]]> By: thepesotree http://www.frugalpinoy.com/retirement/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-59 thepesotree Sun, 20 Dec 2009 15:55:35 +0000 http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-59 My advise to my younger siblings and cousins is: save for your retirement as early as the first day you start earning money. I wish somebody told me this 10 years ago but it is never too late to start now, too. Our company has opened an account with Philam Bond Fund which allows employee to contribute as low as Php100 per month -- then we pool this together and the company invest it for us. We get quarterly reports on our individual investment. Sana more companies could do this for their employees. My advise to my younger siblings and cousins is: save for your retirement as early as the first day you start earning money. I wish somebody told me this 10 years ago but it is never too late to start now, too. Our company has opened an account with Philam Bond Fund which allows employee to contribute as low as Php100 per month — then we pool this together and the company invest it for us. We get quarterly reports on our individual investment. Sana more companies could do this for their employees.

]]> By: Aspiring Entrepreneur http://www.frugalpinoy.com/retirement/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-58 Aspiring Entrepreneur Tue, 23 Sep 2008 23:32:13 +0000 http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-58 Follow my path towards financial freedom. Visit my blog as I share ideas and views on Unit Investment Trust Funds, Mutual Funds, Stock Market, Entrepreneurship, and Inspiring Quotes and articles for self-improvement. Follow my path towards financial freedom. Visit my blog as I share ideas and views on Unit Investment Trust Funds, Mutual Funds, Stock Market, Entrepreneurship, and Inspiring Quotes and articles for self-improvement.

]]> By: jericho http://www.frugalpinoy.com/retirement/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-57 jericho Tue, 03 Jun 2008 05:42:30 +0000 http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-57 I agree. Filpinos only think of NOW- what they have and what they are right now. Hopefully this change. Concerning yourself only to the present is a VERY risky way to live life. We must not wait for the right age to plan our retirement for it will not come. The right age is now! I salute those who plan their future. They are not just thinking of what they have and what they are, they are planning for what they will have and what they WILL BECOME. I agree. Filpinos only think of NOW- what they have and what they are right now. Hopefully this change. Concerning yourself only to the present is a VERY risky way to live life. We must not wait for the right age to plan our retirement for it will not come. The right age is now!

I salute those who plan their future. They are not just thinking of what they have and what they are, they are planning for what they will have and what they WILL BECOME.

]]> By: Celine http://www.frugalpinoy.com/retirement/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-56 Celine Tue, 04 Mar 2008 03:31:00 +0000 http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-56 You're right, and the sad thing is it doesn't have to be that way. I'm all for enjoying today. Today is nice. It might be all we have. However, most people live past retirement age. What do they do for income then? There should always be some kind of balance. Also, there are just so many down sides to invoking close family ties/friends when it comes to being in financial need that I don't think it's worth it. Some of them: 1) You'll always have that "utang na loob" for them, and they can also invoke it whenever they want, even if you're not comfortable with it or you feel it's unethical. 2) Whether you admit it or not, you feel embarrassed that you have to ask another person for money. 3) It adds another, often unwanted, layer to your relationship with that person. Friends and relatives can have irreparable strains because of money. I've seen far too many scenarios like this to conclude that it's just not worth it. Hmm... gawin ko na lang blog post yung topic na yan. Thanks! :) You’re right, and the sad thing is it doesn’t have to be that way.

I’m all for enjoying today. Today is nice. It might be all we have. However, most people live past retirement age. What do they do for income then? There should always be some kind of balance.

Also, there are just so many down sides to invoking close family ties/friends when it comes to being in financial need that I don’t think it’s worth it. Some of them:

1) You’ll always have that “utang na loob” for them, and they can also invoke it whenever they want, even if you’re not comfortable with it or you feel it’s unethical.

2) Whether you admit it or not, you feel embarrassed that you have to ask another person for money.

3) It adds another, often unwanted, layer to your relationship with that person. Friends and relatives can have irreparable strains because of money. I’ve seen far too many scenarios like this to conclude that it’s just not worth it.

Hmm… gawin ko na lang blog post yung topic na yan. Thanks! :)

]]> By: Kurt http://www.frugalpinoy.com/retirement/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-55 Kurt Tue, 04 Mar 2008 01:52:39 +0000 http://frugalpinoy.com/saving/only-1-out-of-10-filipinos-save-up-for-retirement/#comment-55 i guess for most people living on a hand to mouth existence answering today's needs is far more important than tomorrow's. besides people will always invoke the close family ties thing whenever they're in need. hehe :P i guess for most people living on a hand to mouth existence answering today’s needs is far more important than tomorrow’s. besides people will always invoke the close family ties thing whenever they’re in need. hehe :P

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