The Script of Life

If we track the life of average educated people, the financial script often goes like this: The child goes to school, graduates, finds a job and soon has some money to spend.The young adult now can afford to rent an apartment, buy a TV set, new clothes, some furnitures and of course, a car. And now the bills begin to come in. One day, the adult meets someone special. Sparks fly, they fall in love and get married.For a while, life is blissful because the two can live cheaply as one. They now have two incomes, only one rent to pay , and they can afford to set a few pesos aside to buy the dream of all young couples, their own home. They find their dream home, pull the money from savings and use it for a downpayment on the house and they have a mortgage.Because they have a new house, they need furnitures, so they find a furniture store that advertises those magic words, "No money down, easy installment payments". Life is wonderful, and they throw a party to all their friends over to see their new house, new car, new furniture, and new toys. they are now deeply in debt for the rest of their lives. Then, the first child arrives. The average. well-educated, hardworknig couple, after dropping their child off at nursery school must now put their nose to the grindstone and go to work. They become trapped by the need for job security simply because, on the average, they are less than three months away from financial bankruptcy. From these people you often hear " I can't afford to quit. I have bills to pay," or a modification from the song from Snow White and the Seven Dwarfs, "I owe, I owe, so it's off to work I go."
Such is the script of life...

If you know anyone following this script and want to help, share this article with him/her. For anyone interested to learn the basic and advanced financial concepts, attend our FREE Business Presentation Meeting (BPM) at IMG, 3rd Floor, King's Court 1 Bldg, 2129 Chino Roces Avenue, Makati city. Please text Edmund to reserve /confirm your attendance (contact no. 09173262077).
"What would you do if you knew exactly how to win?"