Here‘s a unique take on Inception relating it to personal finance. Who would have thought? But then the guy is a financial planner. The article is good and is a must read. Allow me to highlight a few statements that really caught my eye:
“…many are also trapped in the world of escapism and succumb to living a life of fantasy they can hardly afford.”
“The average Pinoy changes his cell phone every eight to 12 months; expensive coffee shops are mushrooming all over the metropolis; malls are sardine-packed with people, etc.”
“…the level of savings of Pinoys is well below that of many of our neighbors; consumer debt is rising in an alarming rate; we are not preparing for retirement; the number of people with financial investments or insurance remains to be one of the lowest in Asia—in short, the average Pinoy is not prepared for the future.”
“We need to wake up to our reality that we are responsible for the actions we take in personal finance and in life in general—and that’s the reality! There is no secret to achieving financial freedom and there is no shortcut—it is a process, and we build it little by little by the actions we take. There’s no substitute to industriousness, prudence and discipline. To believe otherwise is foolish.”
Ouch! I feel guilty already :D