Inflation hit 7.2% in September 2026 — the fastest in three years. If you're in your 40s or 50s, the cost of growing old is rising while you're still planning for it.
In this episode, Capt. Chris Cervantes — 17 years at sea, now a financial planner — breaks down the 7 money mistakes Filipinos make most in this decade, and the 5-step "Huling Biyahe" checklist you can finish this week.
The 7 mistakes:
1. Upgrading your lifestyle at peak income
2. Taking loans that outlast your paycheck
3. Chasing "bilis-yaman" to catch up
4. Assuming SSS — or your kids — will cover everything
5. Never checking your SSS record
6. Treating health as separate from your financial plan
7. Leaving your family without a map
Do this tonight: Log in to My.SSS and check your posted contributions for gaps.
Talk to me: https://www.facebook.com/chriscervantesCBF
Related episodes:
Late Starter Retirement: https://www.youtube.com/watch?v=LQQ9mGpEY0s&t=18s
Tagasalo Trap: https://www.youtube.com/watch?v=N1rXOASLsFc&t=279s
Disclaimer: This video is for educational purposes only and is not personalized financial, investment, tax, legal, or medical advice. All figures are illustrations based on stated assumptions; actual results will differ. Past dividend rates and pension increases do not guarantee future results. Verify current rules with SSS, Pag-IBIG, PhilHealth, and the SEC, and consult licensed professionals about your situation.
#PlanadongBuhay #RetirementPH #OFW #Seafarer #SSS
