Why investing for your long-term healthcare should be your first investment?

What is one "tsunami" that can easily wipe out your financial structure? .....The answer - Medical Crisis!

Most Filipinos do not plan for their health care needs upon retirement. “Bahala na mga anak ko” or “bahala na ang Diyos” are some of the common phrases we hear. But times have changed.. Most people right now are financially struggling because of materialism and financial ignorance. Are we 100% sure our children can support us in our old age?

So it is very important we plan for it ourselves. Long-term healthcare should be the number one financial need that we must plan for. So that when we reach the age of 50 and up we already have money working for us that we can use to fund our health needs.

There are other reasons why it is a priority:

•       Medical costs doubles every 5-7 years

•        A lot of sick people die not because there is no medicine but because of no money

•        A majority of Filipinos don’t save money for future healthcare needs

•        You cannot bring with you the healthcare benefits provided by your   company   when you retire or resign

•        No traditional healthcare company covers ages 61 and up.

•        Most people rely on their children, or sell properties, or borrow money for their medical needs during retirement.

•        Majority of personal bankruptcy is due to Medical Crisis.

Should we wait for that to happen before we start taking action?

Start planning now! The ideal age to start saving and investing for this is as soon as you start working ! Make this a priority!

Article written by: Fely Santiago

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