I came from a family of I-put-you-to-school-now-and-once-you-graduate-you-should-help-out . A typical Filipino family, I should say. And I thought that it was normal. I mean, they helped you pay for school, isn't it right to give back after?
It is typical, too that once somebody in the family goes abroad, that OFW would become the cash cow, the breadwinner. It's as if the family suddenly hit a jackpot.
I used to agree with them but now that I've become financially literate, I flushed those poverty mentality down the drain. Suddenly, I have to rewire my brain. Suddenly, I have to stand my ground and tell them "NO" to all there financial request. Coz I now know that I am not helping them by giving them money, I am hurting them big time.
I put my brother to school and he graduated from college recently but, I didn't tell him to pay me back by helping me financially when I become old- I believed that,by this, I am starting to wipe out the financial dependency in my family. I am helping my two nieces, one is in Grade 6 and one is in first year college but, I didn't tell them to pay me back as well. I believed that , through this, I am starting to wipe out the financial dependency in my family.
Fellow Filipinos, let's not put someone to school and expect them to help us out after. It feels good to help without expecting anything in return. It feels good to know that we can take care of our old age without relying on somebody financially coz, we now know how to grow our money through investing.
Let's not make our children or our relatives as our retirement plan. The end of the financial dependency culture ends with this generation. Let's make this happen. Let's do this!