Not all people in the Philippines are financially literate. To educate our fellow Filipinos, here’s a little resource materials for financial literacy in the Philippines. This is part one of your foundation in financial IQ titled Awareness 101.
Based on a worldwide financial literacy index, Philippines ranks 68th. The Asian Development Bank showed in a study that the Philippines does not have a national strategy for financial education.
If you are around 18 years old or below, let me tell you that by just simply reading this, you will have an unfair advantage over your classmates and friends. You’ll be able to see what others don’t see. You will have the bird’s eye view of our society in which teens at your age really doesn’t care at all!
If you are around 30’s in age (late 20’s or early 30’s) and you are new to this kind of knowledge, then read more as it is not really that late yet! People around 40’s or 50’s maybe a bit too late to realize these things and might be offended reading this material because not all people can digest what they’ll be reading here.
Read more as I open a glimpse of how the “top” people are depriving you to get the life you want to live and how you can get yourself away from it.
You see, there are bunch of people today who go to school hoping that someday they will land a good job and be able to help their family. If this is your outlook in life then congratulations! you’ve been victimized by the social conditioning of the media, school system, the belief system, the traditions, and etc. How?
Today, people’s decisions are greatly influenced by the radio, television, social media, and etc. What people eat, what people wear, what people speak, how to think, what to think, what to buy, and etc.
Most of the people are unconscious about this. They didn’t know that a big part of their decision making is greatly influenced by what they watch on t.v. They didn’t know that the media can influence what they will become in the future.
Television is like a mind control system. It can make you cry, it can make you laugh, it can make you feel just about anything, or maybe better to say, “they” can make you feel what they want you to feel. It can make you dumb but just feeding you non sense drama series to get you away from thinking more important matters such as financial literacy.
Ultimately, “they” can make you anything they want you to be. Scary right? Don’t worry, now that you are aware of this, it’s easy to get away from these stuffs.
Suggested read: Solving Poverty Problems in Philippines
Philippine School System
Don’t get me wrong here. It’s not about your teachers. They are good people. There are instructors in the Philippines who have been spending their lives acting like second parents to all of us. However, just like you, they are victims too. By who? By those who create the “school systems”.
There are people who are standardizing the school systems all over the world. In a perspective, this is good as we’ll be able to cope up with the world’s standards. Sounds good right? Yes, but let’s go to another deeper perspective.
Of all the years you’ve spent in school, and of all subjects taught to you, have you learned anything about money? Did any school in the Philippines teach you about financial literacy or other things like what money is and how it works? No! Schools don’t teach you about money. The knowledge with regards to money is reserved to those who are curious and thinking people.
You might be interested in: Bad money habits filipinos need to break
Think of this, one of the major problems of every people, not just in Philippines but around the world, is about money and other financial stuffs but only few really understand how these thing works. To have a shelter, you need money. To have food, you need money. You need to raise your kids, guess what, you need money. Funny thing that even though most of our lives, we will be dealing with money, we are not taught how to handle finances in schools.
The people who are well educated on how money works are the ones on the top of the businesses. Most of them did not finish school and don’t have any college degree but despite lacking certificates from formal study, they’ve manage to learn how to handle their finances on their own.
The schools are built to train you how to work for money. Remember this, you will work for money for the rest of your life if you’re not aware of this. If you still can’t accept that you are a victim, you can now close the tab where you are browsing this page. However, you cannot still change the fact that you’ve been victimized.
This is the end of this post. After reading this, I suggest you to research more on this subject matter. In the next part of this series, we’ll discuss why most of the people are “Insane” and the types of people who work for money.
You might be interested in:
- The Importance of setting SMART Financial Goals
- Financial Literacy Philippines – Awareness 101
- 10 Signs That You Are Currently Having A Poor Financial Life