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Are You Leveraging on the Growth of Philippine Economy?

Are You Leveraging on the Growth of Philippine Economy?

Last year, Philippines economic growth is at 6.6%. Inspite of the turmoil in the middle east, recession in Europe and high unemployment rate in the US, our country remain bullish and managed to move forward.

philippine-stocks-psei

This morning I watched a news program from the Philippines. The reporter asked one Filipino she found on the street on what he can say about his present condition with respect to the growing economy. The man answered, that the growing economy don’t have effect to them. They are still living in poverty and can’t find a decent job.

That man is a typical Juan Dela Cruz and our country have lots of them.

If you are an ordinary Employee, economic growth has only a little or none at all effect in your day to day life. In reality, its the businesses and investors that benefit much on it. Whether the company earn more money last year, your salary is still the same. Not unless you receive a salary increment.

The main point is, being an employee won’t give you any leverage on the growing economy.

However, ordinary Juan dela Cruz can also leverage on this growth if he only knows how to do it. We know that we have to be a businessman and investor to get a pie of the growing economy. And believe me, we can be both in a small way.

We can be a businessman by being a business partner of Jollibee, Globe, SM and other big businesses in the country. How? Buy the company stocks and you can become a stock holder of the company. When the company makes money, you as a stock holder will also make money. You can buy their stocks thru opening an account is stocks, mutual fund or UITF. All of these investment vehicles deals with stock market. when you do that, you are not only a business partner of those big businesses, you are also an investor in a small way.

Lack of knowledge is one factor that hinders us from doing so. For as little as P5K, you can open an account in either stocks or mutual fund. For some, they think this is only for rich people. I have the same mindset before until I do my research and found out that I can also invest in small amount.

Handshake financial deal concept

This reminds me of a quote from John Kennedy which says, “Ask not what your country can do for you, but ask what you can do for your country.”

Philippines already have a lot of Juan dela Cruz, don’t count yourself as one. Leverage on the growing economy thru investment. That is the only way you see the real power of the growing economy.

(Try to read my previous post about opening an stocks account and mutual fund in case you need more information. Feel free to leave your comment below if want to ask something.)

P.S. A year ago, I do not know anything about investment. Then I joined Truly Rich Club by Bo Sanchez. It was the best decision I ever made in my life. Brother Bo is a spiritual preacher and at the same time, financial literacy advocate whose purpose is to help people become rich in order to serve the LORD with the money that they have. He guided me along the way, explaining how I can manage my money and make it work hard for me. Now I’m investing in stocks and mutual funds and have a clear path for my future. Soon I’ll open UITF account as well. All are made possible by his guidance and teachings on every steps to become an investor. Being OFW isn’t forever, this is my EXIT PLAN. It’s amazing how his teachings change my life. I’m inviting you to join the club too, JOIN TRULY RICH CLUB. If you have any question, feel free to leave your comment below. CLICK HERE TO JOIN

About Richard Macalintal

Hi my name is Richard. I am a Registered Financial Services Consultant in Singapore. If you have any queries or you need help on your insurance policies and investment linked products, feel free to message me :-) We can have a cup of coffee while I do financial review and give advice with regards to your finances :-) Contact me thru email rlmacalintal(at)yahoo.com or SMS me +65 82235186. Disclosure: I am a Financial Consultant of AIA. The statements or opinions expressed on this site are my own and do not necessarily represent those of AIA.

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