 Financial security lies with having a good- paying job with a good company. Good Grades Good company Good paying job Financial Security

332 M = employed in the workforce 33.7 M = employed in the government 88 M = OFWs BBut less than 10% of Filipinos are really, truly wealthy.

 Filipino wage earners are often called one-day millionaires.  Our bad habits about money will determine whether or not we make it rich.

EnergyTimeSkills Income  Not if it connects time with money.

WWith every paycheck you receive, pay yourself first. Set aside 10% of your earnings as savings for investments. Start now. If you don’t do it when you have little money, you won’t do it when you have more money.

 My family (or relatives) will take care of me.

 Unless we love ourselves deeply, it’s so easy to fall for the myth that our family, relatives, boss or gov’t., will take care of you. If you believe this myth, you begin to lose self-esteem, and you lose even the ability to love yourself.  Do you want to be on the receiving end, poor and begging, or on the giving end, rich and generous?

 You choose to be rich or you choose to be poor.  We don’t control when the sun will rise or when it will set.  We don’t control what goes on in Malacañang.  But the stuff that we do control – how we invest our time or money – is governed by our choices.

 You must have money to make money.

Family Incentive Financial help e.g. Tuition for relatives Wants Dream House Dream Car Etc. Endless parties Pay debts

IIt’s not money that makes money. It’s the financial literacy, the IQ, the common sense of how to create money or to see money-making opportunities in your neighborhood or country.

 Failure is bad.

 The successful businessman often experiences failure after failure before reaping success.  If a businessman’s financial statements show that he is successful, his banker won’t care if he never finished school.

 All debts are bad.

BBad debt is debt that takes money out of your pocket. ›C›Credit cards ›C›Car loans, appliance loans ›A›All sorts of consumer loans that siphon off your monthly wage faster than you earn it – plus interest rates of over 20% -- all these take money out of your pocket. GGood debt is debt that puts money into your pocket.

 Money is the root of all evil.

 It is consciously or unconsciously saying “It is better to be poor and happy rather than rich and miserable.”  “The love of money is the root of all evil” - 1 Timothy 6:10  It is from the love of money that evil springs. If the pursuit or possession of money makes you forget God, family and honor, that is bad.

 The more money you have, the more people you can help.  If we’re not experiencing a fraction of God’s material provisions for us, either we’re not asking, or we’re asking wrongly or we’re not doing our part.  If you’re asking and not receiving, you could be asking wrongly.  “Lord Jesus, bless me that I may be a blessing to others.”

Rich person Invest money money IIt comes to a point where their money is working so hard, generating more money than they will be able to spend in their lifetime. WWe have the world’s richest people super- sizing their donations to their favorite charities.

 I don’t have what it takes to be rich.

 John Gokongwei › Son of a rich man › Father died and family became poor and split up. › Mother returned to China with 5 siblings. › Grand uncle took care of him and sent him to school. › With WWII, he found himself out in the streets. › Became a market vendor. › Businesses now: Cebu Pacific Air, Digitel Sun Cellular, C2 to name a few

 Money is scarce.

 In the book, The Alchemist written by Paulo Coelho, “When you want something, all the world conspires in helping you to achieve it.”  So set your goals and adopt the practice of affirming your goals three times a day.  The Secret – The Law of Attraction

 The rich are defined by their incomes.

SSome of our young people today have a looming problem. They’re living fantastic lifestyles and visibly so! Big house, several cars, nice clothes, latest toys, expensive vacations. They don’t understand that the true measure of wealth is simply – assets minus liabilities. It’s the net worth that matters.

 Someone who saves money for the future is not trusting God.

 There are so many businesses that can be established to meet the needs of people.  See opportunities, act on them, and live abundant life God has destined us for.  Reap what you sow. And it’s lots of fun. Plus hard work.

 Being wealthy is a win-lose game.

 Scarcity mentality – to get ahead in life, you have to step over some people.  Abundance mentality – the pie is constantly getting bigger.  Being wealthy is a win-win game. And it has nothing to do about being religious. This is the golden rule of life. Another way of stating it is: you sow what you reap.

 Are you satisfied with what you have done so far?  Are you happy with the amount you have saved at this point?  What are some significant plans you have for your future?  What steps need to be taken to guarantee that your hopes and dreams will become reality?