Midge Ludovico - Licensed Financial Consultant

Vicious circle of poverty implies that poverty is the cause of poverty.

A poor person, in order to repay his existing debt, will borrow some more, thereby adding to his debt. Further, he will also incur interest payment obligations. This will only increase his total amount of debt. He is also likely to pass on this debt to his children, who will remain caught in this poverty trap. Poor people tend to remain poor and pass on the poverty situation to the future generations.

MAG-OVER THINK MUNA TAYO GUYS!

Kung kakastart mo lang mag-business meaning wala ka pang fund just incase magkacritical illness ka. San ka kukuha ng pambayad ng hospital bill? Pano mo mapo-provide ang additional fund na dinedemand ng business mo habang nakahiga ka sa hospital? Pano ang monthly bills? Pano yung mga nakaasa sayo? Pano kung hindi agad ma-approve yung financial assistance ng government na inapplyan nyo? Paano kung walang kamag-anak na kayang magpahiram ng hundreds of thousand pampagamot mo? 🤔

This is not for you to have a negative mindset, but to be responsible in preparing for the uncertain events in life.

When a breadwinner dies a family suffers 3 Deaths:
A wife loses her "HUSBAND"
The children loses their "FATHER"
The entire famiy loses his "INCOME"
. the income he would have earned if just lived.

Life insurance cannot replace the father nor the husband but it can certainly replace his income to make tomorrow, the kind of tomorrow he intended it to be.

Already earning big amount a day, naa pay ginansya sa online selling, but then di gihapon ko fulfilled. Dili ko fulfilled kay feeling nako di nako deserve ang blessing, kay ana sila be a blessing to others daw lage pag ibless ka ug bongga. So, gusto nako magpay back. Nag-isip ko kung "unsaon ba?".
Kung ipanghatag nako ang part sa akong kita tagamaluoy ko sa mga tao na nagkalisod financially gamay ra tawon kaayo na sa kadaghan sa tao na nagkalisod.

When Manulife introduced to me, naganahan ko sa idea na makatabang ko sa lain tao na isecure ang future sa ilang family. Kanang feeling na ang dream nimo for your own family ug ang dream sa lain tao para sa ilang family kay ikaw ang way para matupad tu nila bisan unsay mahitabo.

Di jud sureness ang kita diri, pero ang usahay na mabyaan nako akong sure na gipagkakitaan para lang magtraining, mag-seminar, i-feed akong self ug learnings, mangitag tao na tabangan ug makatudlo/share ug financial literacy kay worth it kaayo jud sa time.

Moingon sila pag financial advisor "mangomisyon lang na". Pero hunahunaa pila ra na among commission compared sa benefits na mahatag sa client? Ug ang long term service namo sa ila? Nag invest mi ug time ug emotion para makatuon sa mga products nu! Ikasakit ninyo ng commission? 🤪

Anyway. Mao nay one of the biggest flex of my life guys. Unsay inyo? 😊

Sad Reality 💔