Friday, May 31, 2013

FINANCIAL LITERACY, How Important Is It For You?

     Based on Bangko Sentral ng Pilipinas Gov. Amando M. Tetangco Jr., Filipinos are more financially literate now than five (5) years earlier, their financial IQ lifted by more than four (4) percentage point over five years to 52%.*1

Let’s define first what is financial literacy?


Financial literacy is the ability to understand…







  1. how money works in the world
  2. how someone manages to earn or make it
  3. how that person manages it
  4. how he/she invests it (turn it into more) and
  5. how that person donates it to help others

     More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.*2

     But still many of us lack of financial knowledge that leads to financial mistakes. Because many of us lack of financial planning, depend on someone else when it comes to money matter, no discipline and always procrastinating, and most importantly they don’t have any financial strategy.

     But the good thing here today is that there are many institutions, groups, individual, and non-profit organizations are ready to help us to increase our financial IQ. And there are also many books that we can buy and read to enhance our knowledge in terms of investing. There are also many seminars that you can attend to let you fully understand different financial matters. But remember information is nothing without any application, so we should also know how to apply it.

     So as part of my noble mission to everyone, I would like to share and impart to you the lesson’s I’d learned either in books, seminars, internet, or even in an individual person. I hope this could be your start to increase your financial literacy. This is really important!

To your financial freedom,

Joseph Zuela, Assoc. Financial Planner (AFP)


P.S. I do personally conduct Money Management Seminar to everyone who needs information. You can reach me at my number 0999-580-7013.

>>>Do you think you really need to start managing your finances. We can help you together with my mentors and coach in our company. Accomplish first Personal Financial Strategy Survey! for us to know that you are really interested<<<