While reading a book about personal finance, it came to me that I might not be as well prepared as I thought I'd be for my retirement. Come to think of it, I only think of myself when I retire and how much money I would need to live comfortably. I forgotten about my parents, they will be dependent on me as well.
As more and more Filipino parents depend on their children for financial support, I think its mandatory for each one of us to learn how to invest. And for future parents to think about the future of their kinds. Personally, I don't want to depend on my future kids to feed me on my old age. Though, I'm a little agitated because I need to support my parents, I think I have no choice.
For those of you reading this blog, don't let your future children support you financially. You will only drag them down to whatever they want to achieve in life. I know it sounds harsh but its the truth. I think its a dangerous cycle. You support your parents, then you don't have much money saved for old age, your parents die, you get old, your children becomes adult and they need to support you. Then your children will do the same thing for your grand children because they didn't saved much for retirement either because of you.
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