Financial advisor Ginelle Sequitin
Building generational wealth is a goal that many Filipino families aspire to, yet it often proves to be a fleeting dream.
For numerous reasons, wealth tends to slip away from one generation to the next. The reasons behind this aren’t always clear, but understanding them can help families break the cycle and secure a legacy for their future.
Article continues after this advertisementWatch Ginelle Sequitin’s full video on PGMN Youtube channel here:
FEATURED STORIES NEWSINFO Storm Ofel gains strength; Luzon landfall forecast on Nov. 14 NEWSINFO Tropical Storm Ofel enters PAR, may reach typhoon status Nov 13 NEWSINFO ‘Count me out’ as Davao mayor, says ‘tired’ DuterteIn a new video posted by PGMN, titled “Filipino Wealth: Ginelle Sequitin Reveals Why It Rarely Ever Lasts Beyond One Generation,” licensed financial advisor Ginelle Sequitin unpacks the critical reasons why financial security is so hard to maintain across generations.
Drawing from her extensive experience in financial planning, Ginelle explores the common pitfalls that prevent families from keeping wealth and shares practical steps for overcoming these barriers and building a lasting legacy.
Article continues after this advertisementGinelle explains that wealth retention is often challenged by external and internal factors.
Article continues after this advertisementPolitically, the Philippines faces significant challenges with corruption, which often hinders economic development and affects lower-income families the most. Natural disasters, such as typhoons and floods, further disrupt financial stability, making it nearly impossible for families to hold on to their wealth across generations.
Article continues after this advertisementAdditionally, many families lack proper financial planning, which accelerates the loss of wealth during times of crisis.
Ginelle also emphasizes that cultural beliefs and financial habits play a major role in wealth erosion.
Article continues after this advertisementMany Filipinos grow up with the mindset that money is the root of all evil, which discourages long-term wealth-building practices.
Instead, spending on consumer goods is prioritized over saving and investing. This consumer-driven mindset, combined with a lack of financial literacy, makes it difficult for families to preserve and grow their wealth.
Moreover, Ginelle highlights the lack of financial education as a barrier to building generational wealth.
Only a small percentage of Filipinos engage in formal financial planning, such as investments or estate planning.
Without the proper knowledge and tools to manage wealth, families risk losing everything due to poor financial decisions or disputes over inheritance.
Ginelle advocates for the importance of financial literacy and taking proactive steps in estate planning to ensure wealth can be passed on to future generations.
Ginelle Sequitin’s message urges Filipino families to take a proactive role in shaping their financial futures.
She emphasizes the importance of making informed financial decisions, from saving and investing to securing long-term goals.
Subscribe to our daily newsletter
By shifting the mindset toward wealth preservation and making strategic choices today63win, families can break the cycle of financial hardship and build a foundation of wealth that benefits generations to come.
READ NEXT AMLC probes banks involved in Alice Guo’s money laundering case Romualdez, Salceda: ‘Create More’ to keep investors in PH,... EDITORS' PICK LIVE UPDATES: Typhoon Nika Trump ramps up transition moves with key appointments Stem cell treatment helps 3 people see for the first time IN PHOTOS: Fluvial procession of Nuestra Señora de Regla in Lapu-Lapu, Cebu Inquirer business reporters bag 2 Ejap awards Dua Lipa, BF Callum Turner take a stroll in Intramuros MOST READ Comelec to decide on removing regulation of private social media accounts Royina Garma, daughter arrested, detained in California – DOJ BTr fully awards T-bonds Ofel now a severe tropical storm, to steadily intensify over 3 days Follow @FMangosingINQ on Twitter --> View comments