04/06/2022
IMG-FINACIAL LITERACY
No wonder kung bakit andaming Teachers ang sumasali sa IMG at ginagawa din nila ang mission ๐ฑโคโค
TO ALL TEACHERS OUT THERE, TAKE TIME TO READ
If it is not hitting you then this message is โnotโ for you. ๐
"Two new laws, RA 10679 and RA 10922 mandate us to teach FINANCIAL LITERACY to students. But I think, if you want to teach financial literacy to students, you have to start with the TEACHERS.โ - Sec. Leonor Briones.
Why?
โ ๏ธIn 2016, 26,000 teachers did not receive any retirement benefits because they needed to pay their loans.
โ ๏ธPublic school teachersโ loans rose to almost P320 billion (P157.4 billion from GSIS and P162 billion from private lending institutions or PLIs).
โ ๏ธDepartment of Education Secretary Leonor Briones cited the study of the PIDS (Philippine Institute for Developmental Studies) on households showing that public school teachers are 50% more likely to borrow compared to other government employees.
Solution? Increase salary?
In the last 19 years, public school teachers received over 100% increase in salaries, 119.25% to be exact. A teacher level 1 who used to receive a monthly salary of P9,466 in 2000 now receives P20,754. If you include benefits, the effective monthly pay is P30,873.
Source: Philippine News Agencyโs article entitled โOver 100% hike in teachersโ salaries in 10 yearsโ published on June 9, 2019
Given the above facts, ang problema ay hindi sa sahod o ang solution ay increase salary, at lalong hindi rin pagbibigay sa kanila ng maraming loans. (Though our teachers deserve increase in their salaries.)
Thereโs a lot of stories weโve heard, watched on tv, on news about some teachers and some Principals who became poor after their retirement. And Iโm sure youโve heard about the story of a former principal who is now a janitor.
Ano ang dahilan?
Hindi nila napagplanuhan paghandaan ang kanilang retirement fund.
Nakakalungkot di ba?
This is just one of the reasons why.
โ
INTERNATIONAL MARKETING GROUP (IMG) is very dedicated in teaching FINANCIAL LITERACY to everyone since 1998 until now with a massive campaign to educate 30M Filipino Families to be financially educated by 2030. IMG wants every Filipino family to have a better future. IMG wants you to fight and cut the cycle of Poverty through financial education.
โ
In IMG, we educate people on how to build their solid financial foundation. In IMG is about changing people from SPENDER to SAVER....from SAVER to INVESTOR....from INVESTOR to ENTREPRENEUR.
โItโs not about having a high salary. Itโs knowing how to manage it."
