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The Spiritual Aspects of Financial Planning – Part 1

08 April 2017

By Francisco J. Colayco

One of our former team members at the Colayco Foundation, Arthur Ladaga helped me in this article.  Being Lent and nearing Easter, it might help in your reflection.

“We are often asked a lot of questions. Most of it has to do with the best investment option. There’s nothing really wrong with the question. With all different kinds out there it’s hard to choose the right one. Each has its strengths and weaknesses. Different people also have different preferences. What is it that really helps in choosing the best one? The answer is simply first and foremost, to know one’s financial objective.

Your financial objectives revolve around three things: Purpose, Target, and Time. Purpose is the reason why you are investing in the first place. Target is your desired amount to reach. And lastly, time is the period you have to achieve your target.  Knowing your financial objective helps in choosing the best instrument around because each instrument is unique.

And yet when most people are asked about their financial objectives, they cannot give a straight answer. Some reply, “I want to be rich.” There’s nothing wrong with it but it’s still not well defined. Others are absolutely clueless, as if staring at an imaginary wall. And there are those who get upset and say, “I don’t have one! I just want to have more money!”

Time and time again we emphasize the need to know to one’s financial objectives. Its usefulness knows no bounds. The most successful individuals are those who know their goals by heart. They can say it even while they’re sleeping. And yet at the heart of proper financial planning lies a spiritual essence that many ought to discover. Religious or not, you must realize that money is also a spiritual matter that needs to be dealt with. Knowing the spiritual aspects of financial planning will enable you to realize its importance in a more profound sense.

Francisco J. Colayco is an entrepreneur, a venture developer and financial advisor.  He is the Author of Seven Bestsellers in the Pera Palaguin Series, the latest of which is now available in bookstores:  “Wealth Reached. Money Worked. Pera Mo, Pinalago Mo!” Find his works and catch him on TV and radio.  Check out:,,, FaceBook and Instagram. 
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