Wednesday, September 24, 2014

6 Filipino Beliefs that Hinder you from Investing (Part I)

The Philippines are rich in cultures. There are many Filipino beliefs about anything under the sun, which even until today are still being believed by many folks. Sometimes, beliefs are becoming part of Filipino lives. Some beliefs do not give much impact to anyone, but some can give a big impact to someone who believes it - like Filipino beliefs about having lots of money.

Let me share with you the 6 most common beliefs of Filipinos when it comes to money and investing.

These first three are somewhat religious beliefs, and the other three (which I will share on my next blog) are beliefs that based on their experience or from other people’s experience.

“Being rich means taking the side of the devil.”

We can’t deny the fact that many Filipinos believe that richness can make them evil. This mindset arose during our early history when rich people enslave poor people, not only here in the country, but also every part of the world. Every country had their histories which rich people are always powerful, and the ones who control and torture poor people for their entire lives.

That is the main reason why Filipinos never invest. They “do not” want to be rich because they do not want to be “bad”. They are afraid that they may become bad, or their friends will think they’re bad.

So instead of investing their money, they simply enjoy life.

But if you open your eyes, there are many rich people who are helping poor people to be blessed by sharing their richness.

These are the Truly Rich people. They are rich in all the aspect of their lives.

Don’t think that money evilMake money as an instrument to help other people!

“Let God handle your future.”

Yes, it is very true that God is always there for us – yesterday, today and tomorrow! So does it mean we just have to relax, live and wait for tomorrow?


God will take care of us, but we are also responsible for ourselves too. God gives us His blessings today, and He makes us His steward. It is our duty to take care of the gifts He had given us.

I remembered during college days, I heard a talk about treasure. The speaker preached that if we really trust God, we will not need insurance or any other life plans. Then the audience applause, as if they all agree to what the man preached us. I wasn’t convinced on that, but somewhat confused.

Then I found an article from Bro. Bo, where he compared investment to a spare tire. Very well said. If you are going to travel, won’t you have an extra tire? Will you say, God will make a way when your tire get deflated? Maybe He will send someone to help you out. But would it be better if you can help yourself, instead of waiting for the help of others?

Also, investment is like a fire exit. Every establishment should have at least one fire exit. This fire exit is just designed so people could be saved during the unexpected event.

Of course nobody wishes to get flat tire while traveling, or break a fire on a certain establishment. But at least, when that happens, you got the protection.

I believe that investment and insurance are God’s gifts for people. God wants you to manage your wealth today and prepare for your future by means of investing.

“Whenever I have saved some money, one of my family members got ill.”

This is a funny belief of many Filipinos. They don’t want to save because when they had savings, one family member will get sick. They think that it is a “curse” for having such extra funds that you really don’t need.

Especially when talking about HMOs, they think that they are inviting sickness to come to them when they have health card.

Do you think God will “curse” or “punish” you when you save something good for your future?

Probably NOT.

Instead of having this silly thought, why not think it the other way around?

Think of it as a blessing from God. It is normal to be sick sometimes, and you must have the feeling of gratitude because you have savings or health card for your health needs, instead of cursing those God-given money that will save you!

God loves us. He gives us wealth so we can give love to other people too. Never think money is evil, instead use money to help more people!


Be a good steward of God's treasures! :)

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