I attended a symposium on investing last December 2011.
The main speaker was Rex Mendoza, an executive of Ayala Land.
He made several interesting points on why we should earn and invest while we are young.
1. For yourself - You need to reward yourself either by traveling, buying a new car, building a retirement house. "Dreams have deadlines" so indulge.
2. For your family - As we grow old, health related expenses will rise. It's good to have a considerable nest egg so we don't become a burden to family members.
I found these very valid especially the second point. It happened to so many people I know. One thing for sure, We can't allow ourselves to become a burden to our sons and daughters.
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