{"id":37,"date":"2013-04-09T07:25:26","date_gmt":"2013-04-09T07:25:26","guid":{"rendered":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/?p=37"},"modified":"2013-04-09T07:34:42","modified_gmt":"2013-04-09T07:34:42","slug":"conservative-money-investing-financial-illetracy","status":"publish","type":"post","link":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/personal-finance\/conservative-money-investing-financial-illetracy\/37\/","title":{"rendered":"Conservative Money Investing & Financial Illetracy"},"content":{"rendered":"

This is Part 3 of 3 of the\u00a0Money Mistakes Among Pinoy Series<\/strong><\/em><\/p>\n

Part 1<\/a> | Part 2<\/a> | Part 3<\/a><\/p>\n

I hope you are learning from our blog post. I have already discuss 2 money mistakes among pinoy which as follows<\/p>\n

1.) Overspending \/ Not Living Within One’s Means<\/a>\u00a0– Part 1 of 3
\n2.) Credit Mismanagement<\/a>\u00a0– Part 2 of 3<\/p>\n

Today I will discuss about Conservative Money Investing and Financial Illiteracy<\/strong><\/p>\n

What is conservative money investing<\/strong>, It is actually saving your hard earned money through banks. Let me explain this point, since I know that most Pinoy invest in banks thinking that their money is safe.<\/p>\n

Investing in banks will give you an earning of 2% to 2.5% on yearly basis, and this earnings is taxable with 20% upon release by the bank.<\/p>\n

Did you know that our country has an inflation rate of 3% to 5% based on history.<\/p>\n

Inflation means the decrease of money value.<\/p>\n

Check the picture below to understand about inflation.<\/p>\n

Did you know that there are lots of Investing Vehicle that could give you a higher Interest Rate than the Inflation rate of Philippines.<\/p>\n

As the saying goes, any Investment earnings lower than inflation rate is a BAD INVESTMENT<\/strong>.<\/p>\n

Another Money Mistakes among Pinoy’s is the Lack of Financial Literacy.<\/strong><\/p>\n

I believe this problem is the most common problem among Pinoys.<\/p>\n

Citibank Survey June 2011:<\/p>\n

Filipinos’ Financial IQ = 48.9 \/100<\/p>\n

Filipino’s average savings in reserve = 9 weeks<\/p>\n

Learning about Financial Literacy is a must to learn subject if you don’t want to retire POOR<\/strong>.<\/p>\n

I also believe that if you FAIL to Plan, You PLAN to Fail.<\/strong><\/p>\n

If you want to know more.. you can email me in advance And I can discuss how can I help you increase your financial literacy and help you to plan your future.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This is Part 3 of 3 of the\u00a0Money Mistakes Among Pinoy Series Part 1 | Part 2 | Part 3 I hope you are learning from our blog post. I have already discuss 2 money mistakes among pinoy which as … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[14,13,15],"class_list":["post-37","post","type-post","status-publish","format-standard","hentry","category-personal-finance","tag-bad-investment","tag-conservative-money-investing","tag-financial-planning"],"_links":{"self":[{"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/posts\/37","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/comments?post=37"}],"version-history":[{"count":4,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/posts\/37\/revisions"}],"predecessor-version":[{"id":39,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/posts\/37\/revisions\/39"}],"wp:attachment":[{"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/media?parent=37"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/categories?post=37"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.pinoyinvestmentguide.com\/imgtrm\/wp-json\/wp\/v2\/tags?post=37"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}