When 25 today Reach 60:
1% will be wealthy
4% will be financially independent
5% will need to work
27% will be dead
63% will be broke
I am a 53-year old single father with a 17-year old son who is now in 1st year college. I had NO savings, NO investments, NO assets, and NO insurance. I was going to be either part of the 63% who would be broke by age 60 or the 5% who would still need to work to earn a living. That was until 3 years ago.
That is Mr. Joey C. He is one of my clients who approached me through an inquiry in my website just this August 2015. I didn’t know how much impact I have on him until this letter came to me. Let me not stop you from reading the rest of his letter. Here it is:
Mr. Joey C:
Through social media, I have stumbled upon so many posts on self-finance, investments, how to save, where to invest, so on and so forth. In fact, I have even tried my luck with some of those “get rich quick” schemes only to end up thousands poorer. As I got interested, I read up as much as I could to try to understand these wealth-building strategies and, in fact, got to schedule and talk to some people about these investment vehicles. Some of these people were agents.
Long story short, I finally got to meet Doc Pinky and, believe it or not, in less than 2 hours, she had presented me with what my actual situation is and what I was to expect, and how I could avail of an insurance product that benefits my current stature. Not only did she presented an insurance coverage, but she also coupled this with wealth building and investment options. This proposal had been already acceptable in theory and just needed more scrutinizing on my part before we finalized by the end of that week. Come the end of the week, lo and behold, she presented me with a much better proposal. It was much cheaper and even more flexible! It provided me with life insurance coverage with a comprehensive accidental death benefit and a total disability waiver. And, since she knew my capacity, it was kind of limited compared to what I really wanted. But the beauty of this proposal, which she has made me come to realize, is it can be upgraded up until the coverage I really wanted. So in short, she made it packaged in such a way that I could afford it for now, but, eventually, get and achieve what I originally planned for in the future. Added to this package was her financial management tools specifically tailored for me! How awesome is that?
When I met Mr. Joey C, his opening remarks to me was, “Hi, I’m Joey, I am 53 years old, I have no insurance, no assets, just started investing, I know I am late but still I want to do something for my son’s future. I worked for many years, but I did not save, which I know was my mistake. That is me. What can I do now?”
Yes, I was surprised that he opened up to me on our first meeting. He knows that in life insurance, the older you get, the higher the premium. The older a person is, the lesser time his investments, compound, the more money he needs to put in, the more he needed to work to be able to invest more.
I admire Mr. Joey C, in spite his age, in spite of knowing his disadvantages of being late. He still took the leap and act. He wanted to change his current situation to something he can look forward to.
The beauty in what we do, as financial adviser/consultant, is we customize fit your needs, wants versus your capability. You may have this dream/need, but the question is, at your present stature, is it possible for you to do it? We make people realize that your dreams can really do come true, only if, you plan for it to come true. Sometimes, making a dream come true just needs guided planning and taking some necessary actions.
Yes, I am a medical doctor, but I am also a financial doctor to your financial sickness. Many people may be physically healthy but their financial health needs to be in the Intensive Care Unit (ICU).
Let me give you the rest of his letter:
Mr. Joey C:
In summary, Doc Pinky is not an ordinary insurance agent. She does not only offer insurance. She listens to your needs. She absorbs your challenges. She actually “feels” what it’s like not being able to have this protection and wealth. She has this hounding compassion to find a solution to this challenge of yours. She goes out of her way to find this solution. She loses sleep in doing so. But when she does find it, she’s actually happier than the customer. Where in the world do you encounter people like these? It must be also due to her Doctor instincts that indeed, there are actually good people in this world and you are one of them Doc Pinky. I truly appreciate what you did for me, Dr. Pinky Intal, and for my son’s future. And I am proud to say that I have met a truly professional, compassionate, and selfless person in a much under-appreciated field of insurance. More power to you and the best of luck in your advocacy of protecting the Filipino! May we be blessed with more people like you.
Thank you Mr. Joey C, for making me feel good. For making me feel proud of what I do I know that God led me in this path because of people like you. God gave me the necessary skills and made me an instrument that the dreams of the people that he loves so dearly will come true. Be it to retire comfortably, to secure the family’s future, or even just to preserve the peace and unity of the family when it comes to distributing wealth.
Are you like Mr. Joey C? Who did not mind his age and still act to become financially free? Or something/someone is keeping you from doing something for your future? You may say: I’m too young, I’m too old, I don’t have money now, my mom told me not to, I just started practicing, a whole lot more reasons. I can give you more excuses if you like. See here.
In the end, what is keeping you from becoming financially free? It’s you. Don’t blame it to someone else. Don’t blame it to the government nor even to your parents. Remember, we are all in the same boat. But why do others succeed more than others do? Because they ACT. That is the only difference. Like Mr. Joey C, he is acting on it. Now he is on his way to his dream, and I promise to guide him as long as we are both alive.
Dreams can really do come true, only if, you plan for it to come true. – Dr. Pinky Intal
Subscribe to this blog for free.
Your friend,
Now, it is your turn. What is your dream? Tell me about it.
Read more:
- 12 Most Common Excuses All-year-round (January to December). What to say if a financial advisor is around?
- Help! I’m in my 50’s, Nearing Retirement How long until I can retire?
- SSS Retirement Benefits, Updated 2014 Is it enough for your Retirement Needs? Find Out now!
- How much should you be saving for Retirement? Do you have what it takes to retire comfortably?
- The Top 10 Life Insurance Companies in the Philippines The Most Updated and Most Unbiased Review 2014
Latest posts by Pinky De Leon-Intal, MD, RFC (see all)
- Say Goodbye to Chronic Lifestyle Diseases (Hypertension, Diabetes, Cancer, Gout, etc.) with Right Food and Right Water - 23 May, 2023
- Embracing Superpowers: A Mom’s Journey as a Doctor, Professor, and Financial Consultant - 19 May, 2023
- Celebrating the Power of Women: Honored by Philippine Daily Inquirer - 17 May, 2023
