THE VALUE OF FINANCIAL PLANNING

":For which of you, intending to build a tower, does not sit down first and count the cost, whether he may have enough to finish it; lest perhaps, after he has laid the foundation and is not able to finish, all those seeing begin to mock him, saying, This man began to build and was not able to finish." - Luke 14:28-30

To realize the value of financial planning, ask a Lotto winner who suddenly won a hundred million but only to lose  all of it after a couple of years....

To realize the value of life insurance, ask a young widow who lost her husband and left her with three pre-schoolers...

To realize the value of a fire insurance, ask a businessman whose store or warehouse has been burned and nothing was left...

To realize the value of health insurance, ask a sick person who needed to advertise in a daily newspaper that she has cancer, she has no money and she is pleading for donations...

To realize the value of having an "emergency fund", ask a parent whose child suddenly had an  accident or a homeowner whose house or car has been flooded due to Ondoy or Pedring...

To realize the value of budgeting, ask a mother who earns a minimum wage and is feeding eight children and a sick parent...

To realize the value of saving, ask a young couple who can't wait to get married and start their own family...

To realize the value of investing, ask an OFW who worked for more than 10 years in Saudi only to come home broke, in debt and with only his appliances and "Magic Sing" as his treasured possessions...

To realize the value of a retirement fund, ask a Lolo or a Lola who worked for 40 or more years and raised his/her kids to be professionals but only to be left with no money and is unsure who will take care of them at their old age...


To realize the value of investing in debt payments, ask an employee who is "baon sa utang" and credit card companies are hounding him left and right...

Lastly, to realize the value of giving away money, examine the lives of St. Francis of Assisi or Mother Teresa...

Hope this helps,

Ge

Gerald Cantor is a Registered Financial Planner graduate and a Financial Consultant of Pru Life UK.  He is also a Certified Public Accountant and a Certified Internal Auditor.  Ge is proud to be an ex-OFW, a "career-shifter", a baller, a newby entrepreneur and most importantly, a "proud" dad of Gia (4yo) and Clarie (2yo).