The Importance of having Ready Cash and Investment
Posted on Saturday, 3 October 2015
The
Importance of Having Ready Cash
And
Investment
By Apolinario Villalobos
The issue on economy affects all creatures
on earth. Even stationary living creations such as trees and oceans are
affected by it. If forests, for instance, get depleted due to unscrupulous
logging, and fishes in the oceans get killed by pollution due to the waste from
factories, they eventually affect the economy of the world, because they are
sources of man’s livelihood.
The cash has become an important commodity
on earth that, even for the retired and the future retirees, the degree of a comfortable
life later on, depends on it. Fortunate are those who have invested in
revenue-generating ventures, or at least, have saved enough, so that, by the
time they cease working, they have something with which to augment their
monthly pension.
In another case, wives who depend on the
monthly remittance of their working husbands should not be too reliant on their
15/30 wage even if the take home is much more than the average. For instance,
just because their husbands earn more than 50 thousand pesos which is the usual
basis for a very comfortable life, the wives should bear in mind that anything
can happen, such as sickness in the family, closure of their husband’s
workplace, disaster such as fire, etc. In other words, they should always set
aside something for the “rainy days”.
The wives should help their husbands by
thinking of ways on how to generate additional income from the “extras” derived
from their wage. Unfortunately, some wives equate the “extras” with travel,
jewelries, casino, unnecessary parties, etc. to the point that they have become
“addicted” to them, as the habit has become deeply imbedded in their
consciousness. Weekends see the whole family going to malls for lunch and shopping;
birthdays “require” lavish preparation; budget for casino is discreetly set
aside for at least two-day gambling spree in a week; and of course, there is
always a share for the weekly visit to derma clinic and beauty parlor, etc.
One story is about a wife who receives an
allotment of about 40 thousand pesos from her husband who works as a seafarer.
She was so comfortable with the allotment and with the thought that it will
always be that way until her husband who just arrived met an accident while
driving his car from a party. Unfortunately, it was found out that the
husband’s employment documents were spurious so that he got nothing from the
insurance company and the government agency that takes care of the OFWs. The
operation and long hospitalization of her husband practically depleted the
family’s fund. Their two children stopped going to school, they sold their
house, and with the meager amount left from the sale after paying their debts,
the whole family went home to the husband’s province.
On the other hand, I know of some friends
who have prepared for their future by buying parcels of land to be developed
into small orchards. As their retirement
was approaching, they filled their lands with saplings of local fruits. Today,
they are literally enjoying the fruit of their investment. Other friends
followed their example and did the same, making them excited as they look
forward to their retirement so that they can work in their orchard.
Saving cash and investing on affordable
ventures are securities for the future. The monthly pension should not always
be relied on, as some retirees have been shocked when they found out that their
monthly ROI (return of investment) from SSS or GSIS is not even enough to cover
their maintenance drugs and regular medical check -up.
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