As our final piece of presentation of what i-TeachOptions stands for–we go to the very core of our belief system.

Happiness.

What makes you happy?

And it’s opposite — Misery.

Misery is finding a lot of companies these days just by reading the news – with an upwards of 7% inflation in our economy.

The Misery Index

The spread of misery contaminates our view of our economy and our business.

For example, stock prices fall because of investors and stockholders panic.

When investors form a negative view of the economy this trickles down to everyone else—thereby translating to a Misery Index. This is where consumers have low confidence of the market because of concerns on inflation and unemployment rates

Notice how everything devolved around negative circumstances.

From a behavioral perspective, a person’s instinct when confronted by negativity is to procrastinate, avoid action, panic, worry. Not to mention some biological

Our primary goal as financial planners is basically to provide education and share prudent steps to stay afloat. But, more importantly, financial education is there to prevent panic and create calmness regardless of the economic situation.

Still, that’s not enough.

At the end of the day, the most successful financial planners are those that make their clients happy. A financial plan should not be understood as a preventive measure against disasters and emergencies, but a vitamin to make people happier on where they’re going with their money, investments, and business.

We need to focus on happiness.

The Happiness Index

In the 1970s, in the tiny Himalayan kingdom of Bhutan, the country’s economy was coming under major scrutiny. By most measures – gross domestic product, national income, employment, and so on, It was all sluggish.

So the King of Bhutan did something unusual.

He decreed that from then on Bhutan’s progress would be measured in Gross National Happiness.

Pursuing happiness seems to have yielded definite results in Bhutan. The country has grown at a remarkable rate by even conventional economic terms.

In 2007 it was the second-fastest growing economy in the world, all the while managing to increase its gross national happiness.

Shouldn’t the Philippines do the same?

Don’t Worry, Be Happy

Although the definition of happiness is highly subjective and a personal decision, utilizing some known economic indicators may give us a conservative view on how happiness takes place among people.

By taking an objective approach enables us to be consistent in making our clients happy.

Our solution is to pattern the way we deliver our financial education to satisfy common economic indicators that can relate to happiness: among them are health, level of income, life/career satisfaction, social security, freedom and control, and leisure.

Happiness is a decision, but positive economic factors sure do help a lot

In general, our objectives make it evident that there are tried-and-tested procedures that you could take so that you can improve your pursuit of happiness in the long term.

In addition to said “happiness” indicators, our financial planning process takes such steps that prevent such variables that go against happiness:

Unemployment

Unemployment just makes you miserable.  Across most surveys, nothing correlates with unhappiness more than unemployment, except perhaps for bad health. Our financial plan takes the necessary steps to prevent you from worrying too much in the event of unemployment.

Inflation

Inflation makes you pretty unhappy. But its effect is weaker than unemployment. The mixed evidence seems to suggest that a volatile inflation rate decreases well-being. We need to bring the fight to inflation itself through proper investments.

Debts

Debt sucks. In all its forms. Mortgage debt. Credit card debt. High debt correlates strongly with anxiety and depression. So let’s stay away from incurring debt as much as possible. Or, let’s get off of it as soon as possible.

Self-employed people are happier.

When workers think they’re good at their job and that their bosses like them, they’re more satisfied. So it makes sense that when they are their own boss, they’re happier to work. A famous OECD study found that the self-employed “typically report higher levels of overall job satisfaction than the employed. This is why we always encourage entrepreneurship that is aligned with a person’s passion and interests.

As a final thought, i-TeachOptions’ end goal is for you to be financially secure, independent, and successful on your own business and investments.

So there you go, I hope you found i-TeachOptions’ core values worthwhile and spread the word on proper financial planning.

If you’re interested to get your purpose-driven financial planning, let us know and we’ll work with you.

Thank you for your time.