Integrated Seafarers of the Philippines: Towards Financial Security for Filipino Seafarers Posted by: Agent Tinig on Dec 14, 2014 One of the main reasons why seafaring is a sought-after career among Filipinos is its being able to pay extremely well. In a country where the majority cannot afford to own houses and brand-new cars, the families of Filipino marinos get to enjoy many luxuries: prestigious private schools, flashy rides, well-appointed residences, trips abroad, the latest gadgets. However, unlike corrupt government officials, the luxuries are certainly hard-earned; after all, the expression ‘kayod-marino’ was coined for a reason. But the sad reality is that for many of our seafarers, this comfortable lifestyle only lasts until retirement. Some are even prematurely thrown into bankruptcy due to reasons like illness, permanent injury, etc. Others fall into depression when they realize that the result of decades of backbreaking labor and homesickness have been thoughtlessly squandered, leaving them and their loved ones with nothing but regrets and memories of conspicuous consumption. As you read this article, ask yourself: how likely is this to happen to you? Very likely, according to Capt. Gaudencio ‘Jess’ Morales, president of the Integrated Seafarers of the Philippines (ISP). That is, unless you have been taking definite steps to secure your financial future. - See more at: unitedfilipinoseafarers.ph/integrated-seafarers-of-the-philippines-towards-financial-security-for-filipino-seafarers/#sthash.GhfOhqHl.dpuf
Posted on: Sun, 14 Dec 2014 04:18:57 +0000
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