Many Filipinos find the word “investing” a bit intimidating. No wonder, since it does imply having to spend your money, albeit that could be money well-spent—if invested in the right assets.
The question stands, why is it that Filipinos don't invest?
The thing is, not all Filipinos are hanging below the poverty line. When asked about why they think Filipinos don’t invest, Rex Mendoza, a leading investment expert and president of Rampver Financials, said “Attitude and behavior. Delayed gratification isn’t easy for Filipinos. Most of us live in the now.”
It rings true. As you can observe in social media, a lot of Filipinos can afford shopping for the latest fashion trends or gadgets, buy a new car, or stay up till midnight to book cheap flights in different parts of the country and even abroad. These all serve instant gratification. It goes to show that a lot of Filipinos have the money, but not all of them spend it wisely or put it in various investment vehicles to grow.
As such, it all comes down to how they spend and invest. Here’s a visual graph that illustrates the difference between investing and spending. You’ll also find tips on how you can make smart financial decisions.