We all work hard to earn the money we need to reach our dreams. When it comes to saving, bank accounts usually come to mind. But there’s a quicker way of earning that first million. Here, we compare how Philam Life’s Money Works can earn you your first million versus traditional bank instruments. Putting aside P20,000 every year in a savings account, you’ll only earn .25% interest. This will take you over 100 years to earn a million! Putting it in a time deposit account might be an obvious alternative, but if you look at the 1.5%* interest you earn, it will still take you 40 years to grow that to a million. With MoneyWorks, you can earn as much as 8% interest** because your money is invested in funds expertly managed by Philam Asset Management Inc. (PAMI) This will cut your saving time so you can earn your first million in 22 years instead of 52! See the difference MoneyWorks makes? Where would you rather invest your money in? Let us know, we’d love to hear your thoughts! Find out more about MoneyWorks by clicking here: https://youtube/watch?v=qbE4AyQNr5s * Top Bank rates as of May 31,2013 ** Illustration for 30-year-old male, standard with assumptions: 8% Fund Growth Rate for MoneyWorks, based on 10-year annualized return of PAMI funds, from May 3, 2003 to May 31, 2013. Past performance is not indicative of future results.
Posted on: Thu, 22 Jan 2015 02:51:38 +0000
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