Money Magnets

Based on the Financial quotient survey conducted by Citibank here in the Philippines, the average Filipino has a financial quotient of 47.8 out of a 100.  Here are some characteristics common to us all:

• Less than 4 out of 10 Filipinos have a monthly budget.  
• 3 out of 10 Filipinos have no insurance (life or non-life).
• Less than 4 out of 10 Filipinos set aside or save money every payday.
• Only 1 out of 10 Filipinos is saving up for a retirement plan.
• 5 out of 10 Filipinos said that they would ask the assistance of their children upon retirement. 
•  Filipinos only have about 9 weeks' worth of savings.  (If you remember, Colayco advises to save at least 6 month's worth)

Where do you stand? Do you relate with the statements above? If Yes, read more from this site and start your way to financial freedom TODAY!