The biggest enemy we are all fighting is inflation. Inflation is the general increase of the prices of
goods year after year after year. Inflation hits everything from our basic necessities and our comforts in life.Nothing and no one is exempted.
When my mom was still a college student, her allowance was only P5.00 per day. She told me that
the UP Ikot jeep cost only 35 centavos. A complete meal was only P1.00. At three meals per day, she would be able to set aside P1.00 per day for her monthly dorm fee of P30.00.
My father, on the other hand lived on P1.00 per day when he was still in elementary. He said that
for 50 centavos, you could already buy a piece of pan de coco. And that’s what he bought every day.
Today, it would be extremely difficult to survive on P5.00 a day. With P1.00 you can only buy a
piece of candy, not a complete meal. And for 50 centavos, you can get a photocopy of a piece of
paper, not a piece of bread.
Whether we like it or not, the prices of food, transportation, rent, electricity and other necessities
will continue to increase. And in the same way, the things that a peso can buy will decrease. If this
guide is still being read in the next 20 years, one peso of that day might be equivalent to one centavo of today! This is an inescapable truth.
Inflation Pushes You Away from your Dreams
Inflation doesn’t only affect our current lifestyle. It also affects our dreams for the future.
Imagine that you’re in a marathon, and at the end of it you get to choose your dream car, home
and vacation. It doesn’t matter if you come in first or last place. You get the prize as long as you finish.
You’ve been running for quite a while now. You feel your muscles are already getting tired. You
see other runners in the front, and some are running along your side. From time to time you see a
runner on the side of the road lying down and resting.
All of a sudden, a fellow runner taps you on the shoulder. You look at him and he signals you to
look down on the ground. You look down, and see that your shoes are untied. As you’re tying your
shoes, you notice that the ground you’re on is moving backwards.
Puzzled, you feel the soil, and take a closer look at it. It really is moving backwards! It’s slow, but it’s moving backwards. You take a look around to see if the ground was like that everywhere. You take a few steps away from where you were and check the ground repeatedly. After several checks, you realize that you’ve wasted a lot of time looking at the ground. So you jump back on your feet and start running again. You’ll just push yourself harder towards the finish line.
This is inflation. It moves us financially backwards little by little. We know it exists, but we ignore it.
We just keep on working hard for our dreams, but what we don’t realize is that inflation is pushing us back further and further away from it. If your dreams cost P1 million now, it will cost P1.2 million in five years. In ten years it will cost PhP1.6 million, and in 20 years, it will nearly triple to PhP2.8 million.The good news is that we can fight inflation. This is by learning how to invest.
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Fight Inflation by Investing
Inflation continuously divides people into two types:
Those who can invest above inflation, and those who can’t. Those who can invest above inflation will be able to accumulate wealth and become rich,while those who can’t will create poverty and become poor. It is unfortunate that very few Filipinos know how to invest above inflation. This is one explanation why so many Filipinos are poor.
source: A Beginner’s Guide for Investing in the Stock Market by J3 PatiÑo
Top Reasons to Invest Your Money
- Grow your money
- Your Retirement Provision
- Earn higher returns
- Reach financial goals
- Investing Reduces Your Taxable Income
- Build on pre-tax dollars
- Qualify for employer-matching programs
- Earn Substantial Returns
- Realize Your Entrepreneurship Dreams
- Start and expand a business
- Support others
- Be part of a new venture
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# Also Read : What would happen if I don’t invest?