Money remains a sensitive topic among Filipinos. Our guest, Ton Patron, expands why in this third episode of the Level Up! Podcast.
According to Ton, one’s psychological upbringing plays a vital role when it comes to his or her attitude toward money. In fact, research says that teaching children the value of saving at an early age can impact their financial decisions during adult years.
He also mentioned that the cultural conditioning of the mainstream media has a lot to do with how we perceive money. The portrayal of rich being antagonists and poor as the noble ones have heavily wired our thinking towards it.
While it takes a stimulus to change this behavior, Ton emphasized that the first step is to take out all the stigma and negativity. Also, seeking the help of financial planners can ultimately reframe our money mindset and improve our long-term financial decisions in life.
About the guest: Ton Patron works as a Personal Finance adviser with almost two decades of experience in the financial industry in the Philippines. He works closely with the Securities and Exchange Commission (SEC) and Bangko Sentral ng Pilipinas (BSP) in creating a whole new way for consumers to purchase mutual funds online.