I seldom leave the house now as I find it difficult to walk around. I am 34 weeks pregnant and in a few weeks or a month from now, will be giving birth to our fifth boy. An invitation from Good Housekeeping Philippines came and it was too hard to resist. The country’s number one family and home magazine aims to bring a wealth of reliable information on a breadth of subjects that every homemaker cares about – Money Matters.
I attended the two-hour seminar and went home inspired. Though I do not offer insurance or the likes, I learned something an insurance agent must do. Or the behavior each individual must have when faced with the question “Are you interested in having an insurance?”
Do not sell the product. Sell the behavior.
Aya Laraya, an investment advocate and TV host of Pesos and Sense
Perhaps I’ve been offered to buy insurance about a dozen times or more before I finally plunged in. And just like the usual answer of more than a hundred or more individuals asked to consider insurance, I often tell the agent “I still do not have money.”
At the Good Housekeeping Money Matters seminar, Aya Laraya spoke of improving financial literacy. And the best way to accept insurance among other investment, is a change of behavior. We need to change our behavior in order for us to afford the change. That change is our lifestyle. Mr. Laraya, by the way, is the co-founder of Acudeen, the first online marketplace for invoice discounting in the Philippines. Also, he is an investment advocate with 25 years of experience in different financial industries.
Having an investment means sacrificing or changing our way of life. We have something to give up in order to accommodate the new obligation to pay the monthly or annual premium. The return, though, is promising.
There is a guarantee of income or return of investment for retirement. Or we could get dividends which may further grow depending on the behavior of our economy.
Empowering moms to obtain financial freedom
I, for one, am intimidated by other money-related topics, investment and insurance included. It is helpful indeed for moms like me that Good Housekeeping demystifies such issues. It helps me understand more my options and assists me in obtaining financial freedom.
I got life insurance for myself and my boys years ago. Good thing I was also able to invest in Mutual Funds when I was still working. Somehow, I am secured of my boys’ future should something happens to me. Not being sentimental here, but just practical.
How about you, have you already changed your behavior toward investment?
Momi Berlin Directory
Devoted. Compassionate, Instinctive. Berlin loves to write personal narratives, thrilling discoveries, and mommy tips that make daily living the happiest. She shares the small house with her husband and their five boys.