• 40% have to keep on working• 30% depend on their relatives• 20% depend on their SSS/GSIS• 8% depend on charitable institution• 2% are financially independentBo Sanchez8 Secrets of the Truly RichSurvey Says on People Over 65 Years Old
But I cannotsave ‘cause mysalary is noteven enoughto cover mycurrentexpenses!Common Response
• Pay yourself firstRobert KiyosakiRich Dad, Poor Dad• Financial independence iswithin everyone’s reachFrancisco ColaycoWealth Within Your ReachPera Mo, Palaguin Mo• Raise your financial IQBo Sanchez8 Secrets of the Truly RichWhat Financial Gurus Say
– Own business– 4 out 5 close shop within 5 years; you must be very familiarwith the business– Franchising» Philippine Franchise Associationwww.pfa.org.ph– Multi-level Marketing» Beware of scams!– Bonds & Stocks– Higher interest for bonds, but may require high investment– Stocks are highly speculative– Needs constant monitoring– CitisecOnlinewww.citiseconline.com– Bo Sanchez’s Truly Rich ClubWhere to Put Your Savings
If you do not have time to monitor your investments . . .
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