June 6, 2012 by
Believe it or not I am not the budget planner in the family. Philbert is the one who handles the finances I just remind him of the bills that needs to be paid. Initially when I was invited to attend the seminar of Rowena Juarez about the 6 Pillars of Wealth Creation. I wasn’t sure if I was going to attend because I didn’t want to be put on the spot about our finances. Though our savings is in a form of pension for the kids which was taken cared of already. We are proud to say that we have managed to live without credit cards and we thrive on what we have. Here are some notes about her presentation:
People work themselves to the ground for the decade of their twenties, spending up to fourteen hours per day at the office, burning the midnight oil, angling for that elusive promotion. They play the stock market, research on mutual funds, invest in real estate, and make all sorts of sound financial decisions. The reason for this tireless hard work is simple: they want to retire early. They build a firm nest egg in hopes that, in their thirties and forties, they can splurge on the latest toys: sports cars, travel to exotic destinations, jewelry, art. They do so in the hopes that in their thirties and forties, they can enjoy their toys because they would have already retired and can golf or shop to their hearts’ content. Some who retire early enjoy time with kids and bond with their kids over taking care of a double rabbit hutch or some start a business that breeds quality rabbit hutches
Then reality hits: parents grow older, and need to be supported. The family business is struggling and that dynamic young executive from that reputable multinational has to leave that generous salary to become the ubiquitous Child Of Owner. Many more unplanned for situations abound: the family falls into debt, the girlfriend has to get married lest the child be born illegitimate and be restricted from the country’s best, and perhaps more conservative, academic institutions. The younger siblings have to be supported through school. The tales are collective and widespread and we have heard them over and over again on magazine news shows. The moral of the story? A hand-to-mouth existence is not the right path.
Rowena Cuyco-Suarez can understand. As the host of GNN’s Investment Academy, “Ro” dishes out free financial advice to her viewers every Wednesday from 10 to 11 am (and replayed on the same night from 10 to 11 pm) about money and investment matters. She shares her financial and business expertise on everything from playing the stock market to developing income opportunities and a sound nest egg as the country’s premier personal financial planner. Meanwhile, Ro is in the business of (quoting the show’s tagline) building wealth for your peace of mind. She teaches practical and advanced personal financial planning. At the end of the day, her goal is to make your money work for you, and not the other way around. She makes an interesting point: retirement should come, at the latest, when a family’s youngest child graduates from college – in this country, that would be when the child hits around 20 years old. At that point, parents should have no more financial responsibilities to their children and can work to enjoy their lives. When retirement or the golden years arrive, they should be working only at their leisure and to keep their mind busy rather than working as an obligation and still working for a living. Ro helps her clients achieve exactly that. Ro believes that ones golden years should be spent leisurely enjoying a hobby, spoiling grandchildren, traveling, going on cruises and simply enjoying life.
For more information about Rowena Cuyco-Suarez and The Six Pillars of Wealth Creation, please visit http://www.facebook.com/media/set/?set=pa.587615964#!/profile.php?id=100001838470538 or call 09209211819 / 09178627576 / 09228887607.
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