While our forefathers believe that having a big family is more enjoyable, the changing times and the current inflation rate says otherwise. An average Filipino family are finding it hard to find the right work-life balance.
I couldn’t stress enough how I cringe from managing my monthly budget with a brood of 5. Let alone saving and investing for the future.
My husband and I went through some trying times when we were starting out and we will always carry those hardships with us as a reminder to never be thrown into that situation again.
With our family’s quest to move forward, we found this 7 letters to be our armor:
- Start (now)
Ours shift happened almost 2 years ago, we felt the urge to ask a friend who decided to change his career path and become a Financial Advisor (FA). On hind sight, I don’t think we would have decided to invest if there was no personal touch with the way our FA presented our policy.
He was very patient in letting us fully understand what he was presenting without any hint of rush and he took time to make sure that what he was offering is what we really need for our family.
One can religiously enroll in Financial Literacy and Investment classes to learn more but attending these classes will not help if you don’t do something and act on the matter. Knowing what to do and actually doing it are two different thing! I have come across several people who claim to be familiar with investments and considered themselves knowledgeable in financial literacy. They preach never ending on what to invest on and how to grow your money but they themselves are just emissary who have not invested their own money.
First step is usually hard but once you dip your toes in it, you will find that it’s easy to swim in your journey to Financial Freedom.
We might be a little bit scared of changes and sacrifice but these are deemed necessary in order to move forward to a brighter future with lesser uncertainties. For us, these sacrifices have been very helpful.
Hearing out each and every opinion of our family members helped a lot. By listening to each one’s needs and reservations, we get to decide on how much we are willing to invest.
Initially, we compromised that my husband should get a policy for himself first and we’ll see if we can afford to add more later on. Doing so required a bit of adjustment on our spending habits, but when we realized that those changes did not really hurt, I myself got my own policy for additional security.
Aside from our respective policies, we have now gotten our children their very own policies that will prove to be very useful as they progress.
– Future (Proof)
We call it security since we can never be too sure of what lies ahead and we would not want to leave behind young kids to be uncertain of their future. You see, our brood consists of a 21, 13,12,9 and our youngest is only 6 years old. Although my eldest have already graduated from college and earns her own income, I wouldn’t want to oblige her to take care of her siblings if an unfortunate thing happens.
I call this piece as our love story because we are doing all of these out of our love for our family, with prayers and the hope to a steadier future. A future that we can all enjoy.
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