Sandwich Generation

Friends,


Are you a part of Sandwich Generation? This is a term used for describing people living today who are supporting their parents and at the same time having a child to feed. They are the one who are taking care of their aging parents and maturing children. This situation is common around the world even in U.S. Here in Philippines maybe “club sandwich” is a more appropriate term - a grandparents, brothers, sisters, niece, nephews or grandchildren to feed too! I have absolutely nothing against to those people helping their family. In fact, I admire them! But I wonder if several years after they retire, can they support themselves or they will end up being fed by their children too. Most of the time problem starts here - a continuous cycle and never ending sandwiches generation to generation. In my point of view it is not justifiable to pass the responsibility to the younger generations the burden to take care of us when we get old. It must not be a payment of ‘utang na loob” to us. This is far from the concept of a close family ties tradition. Isn’t it better if we can still provide for our own basic needs when we get old? Teach the young ones to be responsible enough in spending money. Prepare for your future medical needs, we will get old and sick anyway. Provide proper insurances and arrange your “will or testaments” we will die anyway and most importantly be financially educated. Accumulate enough assets and build passive incomes to provide your needs for the future. End this cycle. START SAVING for yourselves and learn to INVEST. Let us pass a prosperous life to those who are next in line!-jmp



Featured Article…
Here is a great blog from frugalpinoy.com helpful tips to avoid becoming an honorary member of Sandwich Generation.


http://www.frugalpinoy.com/financial-tips/are-you-part-of-the-sandwich-generation/#more-1040


Featured video
Here is an interview from a member of SANDGEN. They also provide helpful tips late in the video.


http://www.youtube.com/watch?v=bCBoeBrZ4KU&feature=related

What the Bible says about it?


A parent man leaves an inheritance to his grandchildren, but the sinner's wealth is laid up for the righteous.- Proverbs 13:22


Their father gave them great gifts of silver, gold, and valuable possessions, together with fortified cities in Judah, but he gave the kingdom to Jehoram, because he was the firstborn.- 2 Chronicles 21:3


"For I know the plans I have for you,” says the Lord. Plans for good and not for evil, to give you a future and a hope." - Jeremiah 29: 11

Joke time…


The best time to start thinking about your retirement is before your boss does…


Three elderly gentlemen were talking about what their grandchildren would be saying about them fifty years from now.
'I would like my grandchildren to say, 'He was successful in business' , declared the first man.

'Fifty years from now, 'said the second, 'I want them to say, 'He was a loyal family man' .

Turning to the third gent, the first gent asked, 'So what do you want them to say about you in fifty years?'

'Me?' the third man replied. 'I want them all to say, 'He certainly looks good for his age!'



Points to Ponder…

- Life begins at retirement. ~Author Unknown

-The challenge of retirement is how to spend time without spending money. ~ Unknown


As they say…

You're only young once but you can be immature all of your life. --Charles Scoggins

Retirement kills more people than hard work ever did. - Malcolm Forbes


Did you know?


Statistics show that the majority of sandwiched individuals are around age 60. An article published by WNBC indicates that more people than ever are caught caring for multiple generations.

The main reasons for this include:

• Adults live longer now than they used to
• The costs of starting a life, buying a house, marriage, children, have gone up to such high amounts that young adults can’t often afford a self-sufficient life and move back in with their parents.
The article also noted, “In the year 1900, only 7 percent of Americans lived with at least one parent. Now, that number is 49 percent.”

Have you ask yourself…?

*Are you taking steps not to be part of sandwich generation? What are these steps? If not, When will you start planning?

*How do you want to live after you retire?

Thing to consider…
1. Learn to open up and talk about your finances with your family especially with the young ones.

2. Learn how to make passive incomes and know how to increase your cashflows.


Do you need friends to assist you how to study and learn to make your money grow and help you to achieve your BIG dreams? We are conducting FREE practical wealth seminar. For schedules Email me at jeromeperalta@gmail.com

Wishing you Great fortunes and Great Miracles…

Your friend,
Exo.