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Abstract

Investment is something a person has or possess that will serve as the capital to gain
a profit. his study is to found out the reasons why Filipino teens don’t engage in
investment. The need to educate teens about investment and what could be the best
alternative investment suits for the teens. This study will employ a phenomenological
approach that employs qualitative research method. This study seeks to find out; The
perception of teens about investment; Difference between savings and investment; Types
of investment preferred by the teens; The will and interest to be educated in investment;
and The reasons of teens on not engaging themselves in investment. The researchers
interview ten (10) teens in Basak, Pardo using a purposive sampling with a semi-
structured interview guide questions. In analyzing the gathered data, Colaizzi’s method is
used. The findings of the study showed that teens have a knowledge about investment
and savings. It also showed that teens are willing to learn more about investment and that
practices and risk tolerance are factors that hinders the teens on not engaging in
investment. Furthermore, the researchers are recommending to the DepEd officials to
implement an investment subject in the curriculum. And for the future researchers to
create either a quantitative or qualitative study about the best investment alternative for
teens or solving the problem about teens not having an investment knowledge and other
easy ways for the teens to improve it.

KEYWORDS: Investment, Filipino Teens, Savings, Educated in Investment, Knowledge

in Investment and Savings, Risk Tolerance

Rationale

Investing is something a person has or possess that will serve as the capital to gain a
profit. (Malik, 2008). According to other studies people invest money in hope of getting
good returns, enough liquidity and safety (Ambedkar, 2015). Iyer and Bhaskar (2012)
stated that investment is defined as the purchasing of goods to create wealth. The where
and how to investment is the main concern of every individual to have an investment
(Nofsinger & Richard, 1999). The main reason why choosing an investment is an
important decision to be made.

According to World Bank (2013) financial capability encompasses knowledge

(literacy), attitudes, skills, and behavior of individuals in terms of understanding,
selecting and using financial services or ability to access in investment. Internationally,
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Lusardi, Mitchelle, and Curto (2010) stated that in United States young people don’t
have enough knowledge to make financial decisions.

In addition, the Book of Rutgers (n.d) savings is done for emergency funds and
short-term goals, it is usually known to people but has low rate of return. While
investment is for long- term goals and capital growth of money over long period and has
higher rate of return. According to Folger (n.d) there are various types of investment that
was offered. Bonds, a type of investment that was an individual lend money either in a
government or in a business with an interest rate. Second, certificate of deposits is
depositing money without withdrawing it in a certain time. Third, mutual funds are
collection of funds from different investors and invest it in securities. Lastly, stock
means having an ownership in a company.

Moreover, the greater the risk, the greater the return, and it should be balance
between risks and reward that is very important in making an investment. According to
Jose Nimmons (2017), stated that if the teens invest early they the chances to re-invest in
a higher risk if something might go wrong. While in the study of Aren & Aydemir
(2015) revealed that there are different investment entities that are preferred by people
working on a financial sector in Turkey. Also studies about foreign currency, bank
deposits, bond, stock and mutual funds. Result shows that most of the people living in
Turkey are small savers without thinking of having a portfolio. According to Ambedkar
(2015), majority of Indians dislike investing their funds and preferring to hold their cash
with them, 33.7 % of the total household of India saves.

Nationally, in the Philippines, Tiogson (2017) stated that Filipinos are not educated
enough to various investment tools and having low of income makes investing
impossible. Llanto & Rosellon (2017) states that only about 43 % of the adult population
in the Philippine saves while 68% keep their savings at home.

Stated in Pinoy money talk (2018) the five (5) investment option in which Filipinos
can invest are; first, in government securities with eventually low interest. Second,
corporate bonds that give an interest that is fixed but risky. Third, mutual fund that is
commonly offered banks. Fourth, is about stock or ownership share within a company.
Lastly, a real estate that talks about property pricing. According to ABS-CBN News
(2014) investing at a young age will boost the chances of young investors to make
money because of their long term investment horizon.

Locally, Cebu and other Visayas region, retail stocks market investor increases and
an expert said that an internet free information help the growth of an investor. Studies
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revealed by Lorenciana (2018) that experiences of other traders influenced and

encouraged Cebuanos to engage investment. It was also revealed that 42% of retail
investors are ages 30 to 40, 26 % of them aged 45 to 59, 16 % aged 18 to 29 and 16% of
people aged 60 and above.

However, the following literature and studies focuses specifically on adult investors
and individuals and not into beginners or teens that are new to this field. The following
researches are mostly done by foreign individuals.

Thus, the researcher’s intention for conducting this study is to found out the reasons
why Filipino teens don’t engage in investment. The need to educate teens about
investment and what could be the best alternative investment suits for the teens.

Statement of Objectives
The main aim of this study is to find out the teens perception towards investment
this school year 2018-2019.

Specifically, this study seeks to find out;

1. The live-in experiences of teens about investment;

2. The themes that emerged from the teens perception and thoughts on investment;
3. The recommendations can be proposed towards the teens on investments.

Significance of the Study

The result would be very essential and helpful to the following individuals. First, are
teens or students, where the findings of this study can be used by teens or the students for
them to gain more knowledge in investment. In early age, they would be willing to invest
in their preferred alternative investment. Second, Teachers is to be more aware that they
have to teach an investment subject for the students at early age so that the teens would
be knowledgeable enough in investment and it will serve as a guide for them to know the
reasons of teens why they are not investing will be solved. Third, the Department of
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Education, where the findings of this study is helpful for them to implement subject for
teens in curriculum guide. Fourth, School as in institution which aims to produce skillful
and knowledgeable students who can be productive in terms of financial literacy.

The ideas presented can be used as a reference data in conducting new research or
testing the validity of other related findings. This study will also serve as their reference
that will give them background information or an overview.

Definition of Terms

Financial Capability refers to knowledge (literacy), attitudes, skills and behavior of

individual in terms of using financial services.
Investing is an act of putting money with an expectation of gaining or obtaining
something.
Investment is something that a person will purchased that will be used in the future to
create wealth
Investment Alternative is those different types of investment that can be chosen by
individuals

Perception is the way of thinking of an individual about certain subject

Savings is something that deposited in a bank that has a small rate or returns
Teens are young individuals with an age range 13-19 years old

Scope and Delimitation

The research is focused mainly on the perception of teens living in Basak Pardo,
Cebu City about investment. The researcher choose teens and their perception in
investment as a topic for the reason that the society needs to know about investment
especially teens because it can increase someone’s wealth and can help the economy as
well. The teens living in Basak, Pardo Cebu City will be participants of this research
study and the researchers chose only 10 participants to participate or to answer the
interview guide.
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These research studies have a certain limitation that should be addressed. The time
of conducting this research is limited for making and finishing this within a semester
only. The scope will only happen in a small portion of barangay in Cebu City. And
lastly, the focus is only limited to teens’ perception and not their behavior in investing.
The reason for this is no other conducted study here in Philippines that mainly aim the
teens perception in investment.

Review of Related Literature

Investment is one of the important tools to secure financial security and can boost
the growth of the economy (Wah et. Al, 2017). Investment as define by various authors,
Iyer & Bhaskar (2012) states that investment is a monetary asset purchased with the idea
that the asset will provide income.in the future. Investing is an act of risking a thing to
gain something in the future. According to Wah et.al (2017) through investment, a
person can have a lot of advantages such as financial security that can fulfill financial
goals, creation of wealth and fighting inflation.

While, in the study of Malik, M. (2008), investment was define as each thing a
person owns or possess, things that has a feature of an investment and acts as the capital
to gain or profit.

Various types of investment were stated in different studies. Abraham (2009)

introduces real estate investment that he defined as the purchase, ownership,
management, rental land or sale of real estate for profit. Next is stock exchange, it is a
platform where investors can buy or sell bonds, stocks and other financial securities with
the help of brokers (Sarwar& Afaf, 2016). Aren and Aydemir (2015) show foreign
currency as the act of changing the value of money from different currencies. Bank
Deposits, Gale (2008) states that bank receives deposits from individuals either to loan or
purchased securities which are listed as investment.

In addition, a study from outside the country stated that the financial position and
other financial factor can affect the financial position of the bank (Adam, 2014). Lastly,
Mutual funds that according to Aren & Aydemir (2015) have a small size and individuals
are not familiar with it. According to Beattie (2019), that one of the hardest type of
investment type is entrepreneurial because it does not only need money. Also emphasizes
that in an ownership business they provide an extreme bigger potential returns.
Savings and investing is two different actions. Investors Education (n.d) put
emphasis that people will start investing and saving to meet a specific goal in the future.
Savings and investing are sometime used interchangeably, but there are some differences
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(Purdue Extensions, n.d). Savings means setting aside money from current income to
meet later expenses; this is a temporary holding pattern while investing is using money
to purchase something that you are expecting to provide a profit in the future. According
to Saving and Investing (n.d) savings are usually put into safest places, or products that
allows you to access to your money at any time.

In the book of Rutgers (n.d), savings is done for emergency funds and short term
goals, usually known to people but it has low rate of return. While investment is for long
term goals and capital growth of money over long period of time and has higher rate of
return. In the book First Steps to Investing (2011) stated that savings is the excess of
income over expenditure. Mostly savings lies in the savings bank; the money is very safe
and just earning a small rate of interest. According to Kaya (2010) the relationship
between savings and investment shows strong positive association.

According to the Investors Education (n.d), most people start investing and saving to
meet a specific goal. According to the studies of Ambedkar (2015), majority of Indians
dislike investing their funds and preferring to hold their cash with them, 33.7 % of the
total household of India saves. One of the most important reasons for people to save and
invest is to provide the funds for a comfortable future. Some literature proves that there
are some factors that affect teens to invest and their perception about investing.

In Turkey (Aren & Aydemir, 2015), Kenya (Kamau,2016) & Malaysia (Wah et. al.,
2016), investment behavior of teens and other individuals are being studied. Studies
reveal that there are many factors that affect the investment behavior of an individual;
Demographic (age, gender & educational level), psychological behavior, financial
Literacy, Cost of Living & Risk Tolerance.

It was stated that young people age less than 20 are not more interested in investing
as they are less aware of stock exchange (Sarwar & Afaf, 2016). Also in the study of
Aren and Aydemir (2015) shows that younger people tend to take risk than older people
in long term investment. Teens should not forget that it’s never too early to get young
people started on the path to building wealth (Investing Guide for Teens, n.d.). As an
explanation, elder people have fewer propensities in taking investment compared to
younger people.

Moreover, Lan, Q., Xiong, Q., He. L., & Ma. C., (2018) also states that older
investors are more inclined to have a cautious decision making style and states that to
have a better investment capability and consciousness. And also Korniotis and Alok (n.d)
stated that older people’s choices reflect to the greater knowledge they have. People with
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positive vibes can affect their willingness to take risk and explore new procedures and
possibilities (Xing & Sun, 2017). In the study of Islamoglu, M. et. al., (2015) states that
people behaved and make decisions based on facts, rather than emotion for their own
benefit.
Furthermore, Aren & Aydemir (2015), states that compared to men, woman tend to
avoid risk financially. Collard (2009) also revealed that women tend to avoid risk than
man. Singh & Yadavs (2016) finds out that female gave importance to friends and family
advices and male analyze financial aspects. Other findings from Goldsmith (2006) that
states that men students knew more about investing than women students. The study
contradicted by Ambedkar (2015) that shows that there is no significant difference
between male and female towards investment awareness.

Kumar & Aurora (2013) states that people should and need investment education
either through TV, Internet and other media to enhance the level of knowledge of
investment decisions. This statement is supported by Sarwar and Afaf (2016) that
graduate people are more interested in investment and under matrics are least interested
in investing. Another study of Lorenciana (2018) that experiences of other traders
influenced and encouraged Cebuanos to engage investment.

Aren & Aydemir (2015) also find out that while educational level of individual
increases, the likelihood of choosing investment alternatives also increases. And
according to Goldsmith (2006), education improves both men and women subjective and
real knowledge in investments.

Teens’ knowledge in investment hinders their decisions in making an investment

decisions and also their perception in investment. According to the global investor study
(2017), 88% of people feel the need to improve their investment knowledge in at least
one are. Goldsmith R., (2006) , stated that men students felt they knew more about
investing than women students but they also show that education improves both men and
women subjective and real knowledge investment. Satti, S., (2013) put emphasis that
inventors knowledge is referred as an important factors that may affect the risk taking
behavior and investment decision making. And lastly, more information a person has the
higher the probability they can make decisions.

In the study of Aren S. & Aydemir, S. (2015), people that lacks of knowledge in
finances will make impossible and of this world decisions in terms of their own finances.
Another study of Lusardi, Mitchelle, and Curto (2010) stated that in United States young
people don’t have enough knowledge to make financial decisions.
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According to Bhabha, Khan, Qureshi, Naeem and Khan (2014), they define the
financial literacy as a combination of awareness, attitude and behavior that necessarily
make sound in financial decisions and achieve individual financial well-being. The
researchers found out that financial literacy is one of the main factors affecting investors’
investment decision. Being financially literate means about knowing how to make a
smart decision for an individual to be financially secure the future and the one that
protects the assets that is built by you and your love ones (O’Connell,2019). According
to Bhabha, Khan, Qureshi, Naeem and Khan (2014) financial literacy as a combination
of awareness, attitude and behavior that necessarily make sound in financial decisions
and achieve individual financial well-being.

On the other hand, there is positive relationship between propensity to investment

and financial literacy.Roxas, (n.d) stated that financial literate individual has a vision for
the finances and financially literate individual is discipline.

Risk Tolerance is one of the important elements in investing. Individual with less
risk tolerance might make wrong decision. In investor perspective, risk tolerance is the
level where investors take risk in losing money to do investment. Being an in investor
one main thing that works best is his or her capacity to take on risk. (Investing 101: A
Tutorial for Beginner investors, 2006).

Vlaer, Stewart and Charter (2008) findings showed that the more you understand
your risk tolerance, the better investment decisions will you make as well as the greater
risk aversion. Supported by Aren & Aydemir (2015) stated that in making decision
towards investment. Risk criteria are seen to be important. This study shows that people
who are not risk taker with low financial literacy choose alternative of foreign currency.

Thus, investing is very helpful to make an asset of an individual will have a higher
value. Investing is very crucial in the Philippines especially to youths because they are
not use to be an investor and they lack of financial knowledge. Investment decisions are
affected by several factors and sometimes investing and savings will be seen as the same.
This is the reason why savings and investment should be defined clearly. Making
investment decisions can help the youths or teens and also the economy in the process.
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Conceptual Framework

Another approach to a qualitative study that mostly focuses on lived experience

within a particular group is commonly called as a phenomenological research design.
This has a goal to describe the nature of a particular phenomenon (Creswell, 2012).

INSIGHTFUL

PHENOMENA
DISCOVERY

ANALYSIS
INTUITION

BRACKETING

Figure1. Research Process

According to CIRT (n.d) the methods used in phenomenological research is different

from other researchers because this describes a certain experience. These follow steps to
have an insightful phenomenological research.

First, Bracketing is an act and process to identify, keeping in check or any beliefs
about a phenomenon that is search. This part is important to isolate and separate a
phenomenon on what is already known.
Second, Intuition refers to the researcher to be immersed and focused in the study
phenomenon. This will result to understand a certain phenomenon. Then, the analysis of
the data that will be organize to develop themes. It can be used to describe the experience
of each participant or transcribing a process.

Lastly, Description is the last process. This is the time where the researchers will use
data to have a definition and description of the phenomena and will be communicated to
others.
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Methodology

Research Design

This study will employ a phenomenological approach that employs qualitative

research method. In gathering the data it will be a one on one interview using a semi-
structured interview questions which all data will be recorded, transcribed and analyzed.
This design is used in this study to gather information to teens on their perception in
investment. According to Pinzon (n.d), phenomenology studies the structure of various
types of experience ranging from perception, thoughts, memory, imagination, emotion,
desire and volition to any activities. A phenomenological study also talks about studying
a certain event or concepts that needs to be acknowledge because of a certain gap about
how to understand (Abadiano, n.d). One on one interview is chosen to have more private
and confidentiality of gathered information from the respondents.

According to Abadiano (n.d), a semi structured interview is also known focused

interview which will have and asked a series of open ended questions. It can provide
detailed data for the researchers to gather.

Research Locale

This study will be conducted in Cebu City, mainly on Basak Pardo. Basak, Pardo is
one of the communities having a large scope of the teens population with its barangay
captain, Hon. Catalina Cabardo. This research locale is chosen because as the researcher
observed, the community is near the school of Don Vicente Memorial National High
School (DVRMNHS) where most teens living in Basak are enrolled. This school offers
both junior and senior high school that also offered mostly all the tracks and strands.
This school is located at Macopa Street Basak Pardo, Cebu City. This was lead by the
school principal, Mrs. Marilou Dela Cuesta.

Research Participant

This research study will have 10 teens as a participant that will answer the interview
guide. The participants should be; (1) a teen having an age of 13-19 years of age; (2)
He/she should have a little knowledge in investment; and (3) he/she should be interested
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in investment. The participants are chosen by the researchers that will focus on teens and
investments.

Research Sampling

The researchers will have and interview ten (10) participants, according to Creswell
(1998) and Morse (1994) that in a phenomenological study you can have 5-25
participants or participants with atleast 6 participants. This participants will be
interviewed using purposive sampling by intentionally selecting individuals and also
citing a central phenomena. The participants will be interviewed until they will reach
their point of saturation. Purposive sampling is chosen because according to Creswell
(2012), a purposive sampling can have a more detailed understanding, that will give
useful information.

Research Instrument

The researchers used semi-structured interview guide questions. The interview guide
question will be constructed in two version, English and Visayan language for the benefit
and can be understandable by the participants. The content validity of the interview
guide question will be assess and approve by the experts, adviser, subject expect and our
research adviser. The applicability of the interview guide questions will be tested through
pilot testing with ten participant. Five teens and also five professionals that can validate
the used instrument. The interview guide question will be consisting of two parts- part A,
demographic information and Part B, the semi-structured questions.

Research Data Gathering

First part will be preparatory permission. The researcher will make a letter to the
principal signed by the researchers, research teacher and to the school principal of Don
Vicente Rama Memorial National High School, Mrs. Marilou Dela Cuesta for the
approval to conduct a research in the school.

Second part will be making a human informed consent in a form of letter for the
agreement of the research participants to participate in the said study. In this way, the
researcher will ensure voluntary participation from the participants. The participants will
be informed that the interview will be voice recorded for documentation purposes as this
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recordings will be transcribed and analyzed by the researchers. The researchers will
ensure confidentiality and privacy of their identity and also the results of this study will
be kept in the school.

Third part is where all participants will answer the semi- structured interview guide
question, will be approached in one on one interview. They will know the study and will
signed an informed consent before answering the questions. The participants will be
interviewed in a private place and they will be asked variety of questions specifically se
mi- structured interview.

Fourth is gathering the themes that emerged in the gathered data.

Data Analysis

Colaizzi’s (1978) is used in this study, Colaizzi proposed a seven step process that
provides a rigorous analysis. This method depends on the persons accounts of
experiences, this maybe gathered in a face to face interview. This method will be
followed accordingly.

First familiarization, the researchers are going to familiarize themselves towards the
data, this can be achieved by reading all the participants transcribed answers several
times.

Second, identifying significant statements, this is where the researchers will identify
all statements in the accounts that are directly relevant to the phenomenon that was being
investigated.

Third, formulating meanings, this is where the researchers will identify meanings
that are closely relevant to the phenomenon that arise from the significant statements.
This is where the researchers must bracket the personal pre-suppositions to stick closely
to the phenomenon.

Fourth is clustering themes, the researchers will cluster the identified meanings unto
themes that are common to the data. Fifth is developing an exhausted description, the
researchers will give a description to the themes and incorporating all the themes
produced.
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Sixth, producing the fundamental structure, the researcher will make the description
unto a short, dense statement that captures just those aspects that is essential towards the
phenomenon.

Seventh, seeking verification of the fundamental structure, the researchers returns

the final themes in the fundamental structure to all participants to verify and ask if it
captures their experience.

Ethical Considerations

According to Punch (1998), ethical issues are important in qualitative research

because it often intrudes in the participants lives. Ethics are the norms and the standard
that distinguish things between right and wrong (Cirt, n.d). this considerations are
important because publicly speaking, the people wants to be assured that the study
followed the right guidelines to human rights and wont harm them in the process. To
protect the participants, awareness, adaptation and using the following ethical principles.

First, autonomy is about respecting the rights of the participants which includes the
right to be free in deciding either to participate or withdraw anytime without
consequences (Orb,2001). Signing an informed consent is where the researchers will
inform the participant of all the features of the research that may affect his or willingness
to participate. Additional consent is for the teachers and principals. (SRCD Ethical
Consideration, 2007). According to Kumar (2005) that it is unethical to gather
information without the knowledge of the participants.

Then, beneficence which is doing good and prevent harm. The researcher should not
disregard the freedom of choice (Orb,2001). Anonimity should be practiced so that the
participant swill know that the researchers must not spread even a little amount of
information (SRCD Ethical Considerations, 2007).

Then, justice is about the equal share and fairness, this is about avoiding exploitation
and abuse of participants. The researcher should request for permission to use the data
and discuss it to the participants (Orb,2001). The research should have a mutual
responsibilities which talk about the agreement between the participants and the
researcher to avoid chaos. Reporting of results towards the participants are essential, they
should be informed towards the findings of the study. Confidentiality, where the
researcher should keep all private information gathered from the participants (SRCD
Ethical Consideration, 2007).
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Rigors

In the present study, the investigator utilizes the Lamborg and Kirkevold (2003)
criteria to maintain the rigors of the study which compromised the concepts of fit, work,
relevance, and modifiability. The researchers will apply the appropriate tools in research
for it to be trustworthy and to meet the objectives and answers the study. According to
Atlas.ti (n.d), rigorous research most be both transparent and be able to answer in a
simple language. To improve the rigor of the study the researcher will consider
recommendation from professions, re-evaluation from the research teacher and re-
reading the themes that emerged in the study. The researcher will choose the participants
that are fit to the criteria that is needed.

Analysis

The teens and their thoughts, behaviors and feelings about investment are
emphasize in this study. Teenagers refers to a child between the age range between 13-
19. Investing is something a person has or possess that will serve as the capital to gain a
profit (Malik, 2008). In the Book of Rutgers (n.d), there are many investment alternative
that are offered to people.

However, in the Philippines, Filipinos are not educated enough to various

investment tool and having low of income makes investing impossible (Tiogson, 2017).
Various literatures, from foreign studies about teens’ behavior in investment is about the
current state of understanding and feelings of teens in terms of investment.

Phenomenological research is the approach use in this study with the seven method
Collaizi proposed. This research aims to describe teens behavior, feelings and mindset
towards investment. Also, this study sought to determine the difference of savings and
investment to teens way of thinking.

Teens Demographic Profile

There are ten (10) purposively selected teens that gives their full consent in
participating in this research study by answering a group of comprehensive and true
semi-structured on one-on-one interview on their thoughts about investment. The group
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of participants are the expected teens the researcher wants to interview following the
research method but the participants are not equally divided to the educational level they
are currently in.

As you can see on Table 1 below, it shows the participants profile, the
participants age are between the range of 15-19 years of existence. The gender of the
participants are not equally divided for having four (4) males and six (6) females. The
participants educational attainment are not equally distributed for having eight (8) grade
12 students, one (1) grade 9 and college student. The participants allowances and
expenses are different in aspects, some have an allowance that is enough, some have a
higher expenses than their allowances and only a small percent of participants can save a
small amount in their allowances.

The table below depicts the general description of the study participants
demographic profile.

Table 1: The Demographic profile and Information of the Teens

Participant Age Gender Educational Allowance Expenses per

No. level per week day

1 18 Female Grade 12 150 150

2 15 Female Grade 9 100 100

3 19 Male College 500 400

4 17 Female Grade 12 250 250 above

5 18 Male Grade 12 200 100

6 18 Female Grade 12 300 300 above

7 18 Male Grade 12 400 400

8 19 Male Grade 12 500 250

9 17 Female Grade 12 350 350 above

10 18 Female Grade 12 350 300

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Themes Emerged from the Data Gathered

The themes emerged in this study from the data gathered answers the following
statement of the objectives stated on chapter 1. In studying teens and investment, there
are eighth (8) themes that emerged in the study. The first of these themes is concerned on
teens thoughts about investment that talks more on money growth in investment this will
be described as “Money leads to success”, under this theme are the following cluster
which includes (1.a) The growth of Money, (1.b) Having an investment can make us
successful, (1.c) It is good to invest than to save, (1.d)Long term process of investment,
and (1.e) Investing money to something that will run it.

The second theme that emerged in the study is about the conceptions of teens
about how savings work for them, in their simplest way of understanding, “Savings for
emergency Use”. This theme involves the following cluster, (2.a) Savings is better for
teens, (2.b) Savings is something left out from the money, (2.c) Money can be easily get,
and (2.d) Saving money for something you want sooner.

The third theme that emerged in this study focused on the difference of
investment and savings in the concepts teens thinks as of the moment. This theme is
called as the “Superiority of investment” and under this theme are six (6) clusters
namely, (3.a) Similarities of the process of savings and investment, (3.b)The difference
between savings and investment and the growth of value, and (3.c) Lesser growth of
money.

Investment have many alternatives that are not that known to teens. The fourth
theme emerged is “Investment Requirements” that focused on teens investment
alternative and the right choices to be made. This theme has the following clusters under.
(4.a) Prefer to have an investment in a business, (4.b) Teens invest to a well-known
company, (4.c)Bank investment is also known for teens, (4.d) Teens don’t have
experience in investment, (4.e) Right choice where to invest.

Security to be felt is an important factor on trying things out due to known

possibilities of being lied unto, especially investment includes money in nature. The fifth
theme that emerged is “Unexplored Security”, this theme has the following clusters,
(5.a) Security in investment, (5.b) In investing money, security is the important thing to
know due to scam, (5.c) Money security, (5.d) Investing can provide teens wants and
needs, (5.e) Importance of money in investing, and (5.f) The willingness to have an
investment.
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Acquiring knowledge in investment is very important to teens, they already have

a little knowledge about investment but this little knowledge did not affect teens to learn
more. The theme that emerged in this area is “Unhindered willingness to be educated”.
This theme has the following group of cluster, (6.a) The willingness of teens to be
educated in investment, (6.b) Feelings in acquiring knowledge of teens about investment.
(6.c) Limitation of acquired knowledge, (6.d)Investment Knowledge Sources, (6.e) High
Interest in investment, and (6.f)Little interest as of the moment.

Some practices as a Filipino are followed by teens that affect the way they handle
finances that can affect their will in investing in a right investment alternatives. This
theme is “ Knowledge against practices”, this emerged theme has the following cluster
under, (7.a) Managing finances to be a financially literate individual, (7.b) Waiting for
opportunity, (7.c) Experience are the source to be financially literate, and (7.d) Spending
without thinking.

The last theme that emerged in this study is about teens on their risk tolerance,
“Hesitant risk taker”, this theme has the following sub-theme, (8.a) Afraid to take risk,
(8.b) Safety before risking, (8.c) Being a high risk tolerance individual, and (8.d) Small
risk in investment.

Theme 1: Money leads to success

The first theme describes the concept of investment to teens own thoughts and
knowledge. The knowledge acquired by teens about investment revolves around the
concept of the growth of money (i.e. Akong nahibaw an is kuani-rolling ang money para
mas mudako sya, Igka balik ana ang kwarta dili raky ang kwarta ngaimong gisud mao
ra ang mabalik nimo naa toy interest mudakoang kwarta nga imong gikuan.) this
knowledge of teens about investment proves that even a little background about
investment, the teens have something to say.

The growth of Money. When teens will be ask about what they know about
investment, teens mostly answers the basic concepts of investment. Investment as the
source of increase in wealth or the money growth.This concept of investment of teens are
more on the effect of the money when it will be invested in an alternative. The following
are the teens concept about investment:

“Kuan.. ang investment pareha sa akong ge ingon… na… long term sya… mo
taas imong kwarta tungod sa interest…(Transcript 1, Page 4, Line 106-107) “
 18

“Bag o mo taas imong kwarta.. di na nimo mahilabtan ba.. pwede ra di nimo pun
an.. ing ana ba (Transcript 1, Page 2, Line 41-42)”
“Mag… invest …kay mas dako.. dako ang imong makuha.. kwarta ba.. niya safe
ka (Transcript 2, Page 2, Line,46-48 )”
“If you love to gain more and more thats why you come to invest(Transcript
3,Page 1,Line 21-22)”
“Akong nahibaw an is kuani-rolling ang money para mas mudako
sya..(Transcript 4,Page 1,Line 32)”

“Pwede rsad magpadako, dira sad ka mohatag sa imong kwarta kung unsaon
nimo basi sa imong gi ingon nga "pagpadako" (Transcript 5,Page 2,Line 32-33)”
“Igka balik ana ang kwarta dili raky ang kwarta ngaimong gisud mao ra ang
mabalik nimo naa toy interest mudakoang kwarta nga imong gikuan.(Transcript 7,Page
2,Line 30-33) “

“Para nako, investment kay kanang pagpadako sa kwarta for example ni invest
ka sa imong kwarta sa usa ka banko pero pagdako sa imong kwarta kay mag depende sa
imong banko nga imong gi inbesan sa imong kwarta (transcript 8, Page 1, line 21-29)”
“Para nako ang investment mao na sya ang long term kay mag tubo man imong
kwarta like sa akong gi ingon nila kanang like naa jud kay makuha bisag kanos a then
ang savings kay mao na sya ang short term kay stable rman imong kwarta kung pila
imong gi save, mao rapod imonng makuha. (transcript 8, page 2, line 45-48)”
“Para mas mo bigger pajud imong gibutang nga money sa usa ka
bank…(Transcript 9,Page 3,Line 79)”
“Investment... Ahmm imo siyang... ang Investment kay mo engage ka ana if
ganahan ka nga naay makuha something out from your money (Transcript 10,Page
1,Line 21-22)”
“Ahmm ang difference nila for investment kay long term siya in which mas mo
doble pa sad imong money while ang savings kay short term siya pero stagnant ra imong
money dili siya mo doble. (Transcript 10,Page 1,Line 27-29)“

The teens concept about money investment growth focused on, investment has an
increased in interest that became a reason on the money to increase its value. Investment
according to Malik ( 2008), investment was define as the thing that has a feature of an
investment and acts as a capital to gain or profit. In the knowledge of teens the “money”
serves as the thing that can provide a gain which is due to the increase in the value of the
said asset. Investment can increase the value of the money of an individual or the effect
that will be advantage to teens if they will invest is the getting more from the exact
value. Iyer & Bhaskar (2012) states that investment is a monetary asset purchased with
the idea that the asset will provide income in the future. This monetary asset is the
 19

money that will grow in the process.

Having an investment can make us successful. Two out of ten teens also has an
idea that investment can be the source that can make someone successful. Investment can
change the regular life of an individual. Investment can be the source on the teens
knowledge to be acquired in investment. It can evolve someone in a better version of
themselves and for them to have a feeling of goodness inside of them. The following
statement that will be mentioned below are from the teens gathered interview answer:

“You success.. it will be going to.. make you much richer..(Transcript 3,Page
1,Line 17-18)”
“That would be great! Especially when you invested in a known project.. and you
know that its going to bloomed into something that would be successful before you
invest.(Transcript 3,Page 1,Line 31-33)”
“ I don’t think if I wok tomorrow and someday my money will just .. go.. ahmm…
you know.. most of the time we expense.. more expenses in our life.. so many expenses
and we should have savings.. not just savings but invest.. yeah..(Transcript 3,Page 2,Line
56-59)”
“Ohh.. investment biya.. ma pun an.. pun an ang unsa nga naa ka ba… IT CAN
CHANGE YOUR LIFE..(Transcript 4,Page 2,Line 58-59)”
“Kuan Challenging siya kay need jud nimo I work out ..(Transcript 4,Page
2,Line 61)”
“Lingaw…Tungod sa amoa ba… maka meet man gud ko og laing taw ba… nya
madagdagan pa akong kwarta..(Transcript 4,Page 2,Line 63-64)”

Both teen has a redundant answers that only have one thought, and that is
investment can be the source for someone to be successful. This success is due to an
increase n wealth and to be secured financially. According to Wah et.al(2017)
investment can make a person to have a lot of advantages such as financial security that
can fulfill financial goals, creation of wealth and fighting inflation.
It is good to invest than to save. Teens have an idea that investing money is good
than just saving it. A teen thought that in investment it can be the source and can be a
part of the hobby and it can benefit them. A teen also stated that investment is much
preferable compared to savings because it can make the money grow bigger. And
investing is preferred by teens than investing their money.
 20

“Because you know today.. ahh.. we know millenials today .. always use
cellphone no matter where they go..(Transcript 3,Page 2,Line 36-37)”
“so nindot kayna sa imohang feeling kay mudako man imohang kwarta
(Transcript 7,Page 2,Line 64-65)”
“Oh mas nindot ang investment kaysa mag save jud (Transcript 7,Page 3,Line
75)“
Investment is much preferable compared to savings because it can make the
money grow bigger. Investors Education (n.d) put an emphasis that investment and
saving will start due to people want to achieve a specific goal in the future. But
investment is better than savings is the viewpoint of the teens due to the benefits it can
give in the future.

Long term process of investment. Investment on teens knowledge stating that in

investing, it will take a long time before the vale of an asset will increase. Investment is a
long term process but with a greater result. Teens have an idea that the result of an
investment is not fast and easy to claim, the process starts but ends in a longer term. The
statements below shows the teens words about the process of an investment.

“ahmmm. Kuan.. para nako sa, ang investment kay taas-taas syang process
(Transcript 1, Page 2, Line 41)”
“Investment murag nagkasaka imong kwarta ana.. in a long term manner… nya
ang saving kay if imong kuhaan mo gamay sad ang tubo ba.. magdepende .. sa interest
(Transcript 1, Page 2, Line 53-55) “
“Para nako ang investment mao na sya ang long term kay mag tubo man imong
kwarta like sa akong gi ingon nila kanang like naa jud kay makuha bisag kanos a then
ang savings kay mao na sya ang short term kay stable rman imong kwarta kung pila
imong gi save, mao rapod imonng makuha. (transcript 8, page 2, line 45-48)”
“kay long term siya in which mas mo doble pa sad imong money while ang
savings kay short term siya pero stagnant ra imong money dili siya mo doble.
(Transcript 10,Page 1,Line 27-29) “

Teens idea about investment proves the statement on chapter 2. According to the
Book of Rutgers (n.d), investment is for a long term goal and the capital growth of
money over long period of time and has a higher rate of return. Investing is a long
process that needs patience for the great benefit that can be get by the one who invest.

Investing money to something that will run it. Investment will not run in
simple form. Investment cant be done alone and within the self. Investment is finding the
 21

right alternative that can be trusted in keeping that monetary asset and evolve it into
something valuable. Teens have an idea about investment that some entity will run and
increase the worth of their asset. The statements below will prove about this cluster
theme;

“Kanang.. simple.. kanang mo invest ka sa usa ka company kay murag ni trust ka

nila na didto ka nihatag sa imong money for your future (Transcript 2, Page 2, Line, 34-
35)”

“Sa investnent mao na syay kanang mura ganig imong gi kuan sa usa ka... For
example kanang nag kuan ka sa its either sa banko or dili mo.... Duha man na ka kuan
sa banko or ddto sa usa ka business or a company(Transcript 6,Page 1,Line 24-26) “
“Akong nahibaw an sa investment kay mo kuan ka mo murag ikuan nimo imong
money sa kuan ba imo banang ikuan run mura ganing ipatuyok imong kwarta kanang
ihatag imong kwarta dha nga unsa bana bank bana run sample bank imong ihatag dra
naa gud nay ila manang ihatag sa mga negosyante ba ila manang ipa loan ba dha
mutuyok na imong kwarta naa na silay naa nay interest.(Transcript 7,Page 1,Line 26-
30)”
“Yes familiar ko sa mga bangko nga ni invest. (transcript 8, page 2, line 35)”
“Imong i invest imong money sa isa ka business.. (Transcript 9,Page 1,Line 28)”

Investment has many types of alternatives (Abraham, 2009) talks about real
estate investment and (Sarwar & Afaf,2016) talks about stock exchange which is similar
to the idea of teens putting an asset in a company which is like stock exchange or the
buying or selling stocks. Another researcher stated about foreign currency and mutual
fund (Aren & Aydemir, 2015). And according to Gale (2008) stated about bank deposits
which is considered as an investment in a term, the bank will receive deposits from
individual either to loan or a purchased. Teens that are interviewed in this study are more
familiar to bank and company or stock investment. Teens also know that creating a
business is a part of investing a wealth.

This knowledge of teens proves that even in a young age they have a little
knowledge about investment either about the growth of money, the process, where to put
the money and the benefits in investment.

Theme 2: Savings for emergency used.

 22

This theme shows the knowledge and practices of teens in terms of saving money.
Based on their answers they know what savings is all about, but based on result only
small percent of teens that have savings.

Savings is better for teens. Teens are asked about what they know in savings
and stated that savings are more convenient for them. They are more familiar to savings
compared in investment.

Murag wala man gyud koy idea anang investment.. murag savings raman
gyud…(Transcript 1, Page 2, Line 39)”
“Savings..Didto ra gehapon.. sa among room .. sa among skwelahan ba kay..
classmate ra gani namo kong unsay masobra sa bawn mao nalay isave.. (Transcript 1,
Page 3, Line 63-66)”

“Wala man.. naa koy savings sa usa ka cooperative pero wala koy investment..
(Transcript 2, Page 2, Line, 62)”
“Pwedi rasad nga mas better ang investment pero kay bata paman gud so savings
pa madali dali. (Transcript 5,Page 2,Line 54-55)”
“Naa gatigom ko (transcript 8, page 2, line 52)”

“Mas mo tigom (transcript 8, page 2, line 106)”

According to the studies of Ambedkar (2015), majority of Indians dislike

investing their funds and preferring to hold their cash with them, 33.7 % of the total
household of India saves. This supported the results that teens have more knowledge in
savings compared to investment. Teens prefer on savings because this entity is known to
them compared in savings.

Savings is something left out from the money. Teens are also asked about how
they could define savings and answered that it is something left out from your daily
allowances or excess money left out from day to day expenses.

“Nasabutan man na ang interest kay ikaligo namong barkadaha sa dagat

ba…(Transcript 1, Page 3, Line 73)”
“Sa akong kuan kanang gani imong kanang extra money nimo imong gi keep.
(Transcript 6,Page 2,Line 36-37)”
 23

In the book First Steps to Investing (2011) stated that savings is the excess of
income over expenditure. Mostly savings lies in the savings bank; the money is very safe
and just earning a small rate of interest. This is what teens understand in talking about
savings.

Money can be easily got. When having a savings it’s an easy way process from
which individuals can easily get or withdraw their money back. Especially it’s a self-
savings and they can easily withdraw it if they want to if they want to use it.

“Sa savings man gud pwede nimo makuhaan kanus a ka ganahan (Transcript 1,
Page 3, Line 60)”
“Ang savings kay ma kuhakuhaan nimo.. Basin kanus-a ba.. bsin kanus a nimo
ganahan kuhaan. (Transcript 2, Page 2, Line, 42-44)”
“Kuan ang savings para nako kay kuan kanang makuha gani nimo kung naa kay
kung kinahanglan ingun ana(Transcript 7,Page 2,Line 34-35)”
“Kay usahay mag save raman na sa kuan gud.. Self lang ba.. Niya naa say bank..
Pero.. If savings.. Makakuha raman.. Ka.. As long as.. Naa kay kwarta pa..(Transcript
7,Page 2,Line 37-38)”

According to Saving and Investing (n.d) savings are usually put into safest places, or
products that allows you to access to your money at any time. The result teens are more
into savings because in case of emergency they can easily withdraw their money.

Saving money for something you want sooner. Another understanding of teens
about savings is they are saving money for something they want to get. Like if they want
to buy something, they intentionally save for it.

“Sa savings mura kag.. murag ng save ka og money paras imong future
ba…(Transcript 1, Page 2, Line 44-45)”
“Saving is the best way to save.. it is a win-win situation for you to have an income
sooner (Transcript 3,Page 1,Line 20-21)”
“Maam, para nako maam, ang savings kay for example naa kay ebutang lang nato
bag, niya ganahan kay ka paliton. So imo siyang gitiguman para sooner or later imo na
siyang mapalit. Mao rana akong pagsabot sa savings. (transcript 8, page 2, line 38-40)”
 24

“Wala ra, like akong gisulti ganina, kung naa koy ganahan paliton naa koy makuot.
(transcript 8, page 2, line 54)”

Savings is something left or not spent on current expenditures. Teens are saving
because they don’t know what might happen in the future, and it should be paid for
unexpected events or emergencies. According to Investors Education (n.d) people start to
invest in order to meet specific goals.

Theme 3: Power of Investment.

This theme showcases the understanding of teens about investment and savings.
From which they answered that they have similarities and differences, but still they
choose investment.

Similarities of the process of savings and investment. Teens were asked about
what are the differences between savings and investment. They answered that both have
somewhat a slight connection with each other on its process. Both deals on keeping
money and can make money increase in any amount and value.

“Pwede rsad peru murag naa silay connection(Trnscript 5,Page 2,Line 45)”
“Ay para nako preha preha naman ang savings ug investment(Transcript 6,Page
2,Line 42)”
“Wala ra, like akong gisulti ganina, kung naa koy ganahan paliton naa koy makuot.
(transcript 8, page 2, line 54)”

Savings is just simply about idle cash while investment helps funds to grow over
a period of time. Teens stated that investment and savings have somewhat similar with
each other. It is because both entities deal with the process of money. In savings one can
easily meet their short term needs, but to meet a long term goals one must have to make
investments. According to Kaya (2010) the relationship between savings and investment
shows strong positive association

The difference between savings and investment and the growth of value. This
cluster showcases how teens differentiate savings and investment. Teens stated that
investment is a long term processing of money and there is a greater chance that the
money will grow bigger compared to savings. While in savings is just a short term
process. For them, investment is to put the money in a bank while saving is for self-use.
 25

“Ang savings man gud kay mo taas sya if imo dunghagan sad.. while ang
investment.. mo taas sya.. pero di naka kailangan sige og puno og kwarta..(Transcript 1,
Page 2, Line 47-48)”
“Investment murag nagkasaka imong kwarta ana.. in a long term manner… nya ang
saving kay if imong kuhaan mo gamay sad ang tubo ba.. magdepende .. sa interest
(Transcript 1, Page 2, Line 53-55)”
“Ang investment kay murag ni invest ka og dako then motubo sad siya og dako mura
sad syag… mao mutubo siya og dako kay murag apil man ka sanag nagparun sa
kuan..murag usa naka sa cooperative then tapos ang savings mo tubo siya pero gamay
na.. (Transcript 2, Page 2, Line 54-57)”
“Kuan investment kumbaga ni, risk ka nga, ni risk ka nga kanang imong savings ba
I-invest siya para atleast magkadako gani siya…then ..Saving same ra kumbaga ma
stagnant ra siya kay mao raman ang imong na save..(Transcript 4,Page 2,Line 41-44)”
“Ang savings is murag ge save jud nimo imong kwarta. While sa investment
murag..Oh ga save ka pru imong.... Imo sad gipadako ang imong investment
nimo(Transcript 5,Page 2,Line 45-50)”
“Ang investment man gud kay more on.. Kuan siya.. Business.. Banks.. Kanang ing
ana ba.. Niya di na nimo mahilabtan ba.. Niya ang savings.. Kuan.. Pwedeng ikaw ra
ang mag gunit ba.. Naa rana nimo kung ganahan ka na kuhaan or dili..(Transcript
6,Page 2,Line 46-48)”
“Ang savings kung mag savings raka kay murag kanang dali ra gani kaayu
mahurot. Then kung ang Investment ba kay mutubo imong kwarta ba imong kuhaan naa
pay porsyento nga naa pay mubalik ba mura pag mubalik imong kwarta nga kadtung
imong gikuan..Oo di mo tubo if savings(Transcript 7,Page 2,Line 42-47)”
“…then ang savings kay mao na sya ang short term kay stable rman imong kwarta
kung pila imong gi save, mao rapod imonng makuha. (transcript 8, page 2, line 45-48)”
“savings... sa investment kay imong money man gud once nimo i save is mas mo
tuyok pa or mudako pa imong makwarta compare sa savings nga stable ra gyud siya
kung unsa imong gi kuan..(Transcript 9,Page 2,Line 32)”
“while savings kay it’s a short term in which there is no need, wala siyay needed
nga process in order for you to have, to save money (Transcript 10,Page 1,Line 24-25)”

Based on the result this was being supported by the study in Investors Education
(n.d) that put emphasis that people will start investing and saving to meet a specific goal
in the future. Savings and investing are sometimes have similarities, but there are some
differences according to (Purdue Extensions, n.d). Savings means setting aside money
from current income to meet later expenses; this is a temporary holding pattern while
investing is using money to purchase something that you are expecting to provide a
 26

profit in the future. In the study of Wah et. al (2017) through investment, a person can
have a lot of advantages such as financial security that can fulfill financial goals, creation
of wealth and fighting inflation.

Less growth of money. The result on what teens could say about savings and
answered that savings can give lesser growth of money. Mostly savings in a bank gives
lesser interest on the growth money. For teens they also stated that their money in
savings is stable.

“Gamay rasad noon ang tubo.. centavos ra ba.. tighatagan mi og basig pila ra..
every month ba.. tag 50.. usahay tag 20.. ingon ana ra gud (Transcript 2, Page 2, Line,
65-66)”
“If kung sa bangko nimo ibutang gamay raman Interest ana gud..(Transcript
4,Page 2,Line 35-36)”
“Para nako ang investment mao na sya ang long term kay mag tubo man imong
kwarta like sa akong gi ingon nila kanang like naa jud kay makuha bisag kanos a then
ang savings kay mao na sya ang short term kay stable rman imong kwarta kung pila
imong gi save, mao rapod imonng makuha. (transcript 8, page 2, line 45-48)”
“while savings kay it’s a short term in which there is no need, wala siyay needed
nga process in order for you to have, to save money (Transcript 10,Page 1,Line 24-25)”
“ ang savings kay short term siya pero stagnant ra imong money dili siya mo doble.
(Transcript 10,Page 1,Line 27-29) “

In the Book of Rutgers (n.d) savings are short-term goals, it is usually known to
people but has low rate of return. Teens already know that savings are just for their
emergent or short term needs. Money in savings are stagnant and wouldn’t grow much
bigger compared to investing.

Theme 4: Pre - Requisite in Investment

Teens are the main focused of this study and their behavior towards investment.
Teens are asked if they have any investment and sadly only two out of 10 respondents
have (i.e Ahh.. speaking of investment I invested at Net Crime.. Ahh.. it is a Digital
company.. it is a currency online like GCASH, Akong ge -apilan karon is kuan multi-
level marketing company) some teens have a savings put within self holdong only. Teens
are questioned about having a preferred investment type alternative that they want to
enter if they will be given a chance. Teens mostly have the same and redundant answers
which revolves on creating a business, putting a money unto a big and known company
or putting money in a trusted bank with a high interest. Teens choose an investment
alternative type that they already know or give a higher return.
 27

This theme talks that in investment teens are giving a requirement before they
will enter and join it. Requirements on their preferred type of investment and the reason
on choosing that investment.

Prefer to have an investment in a business. Teens choose on entering a

business to start an investment in a young age. Teens choose this type of investment
because for them it offer a bigger amount of interest to give a higher return and can
increase their wealth. A teen choose this kind of investment type because they already
experience having a business in a very young age or they want to live ab better life and
help their parents in handling their small business. The following statements below will
show the teens preferred on business;

“Mas more on ko .. murag kuan guro.. business.. (Transcript 2, Page 3, Line

71)”
“Pwede rasad mag invest ko sa usa ka business(Transcript 5,Page 2,Line 62)”
“kuan.. I invest sya sa usa ka business ba..((Transcript 10,Page 2,Line 37) “
“ohh kanang ilado ba na business(Transcript 10,Page 2,Line 39) “
“I.. invest nako ba sa business para mo taas ang value niya.. pero.. kana sang
business na dako.. dako ang interest.. ingon ana ba..(Transcript 10,Page 2,Line 41-42)”

Business is a type of investment in ownership. Teens choosing this type of

investment have an entrepreneurial mindset in nature and have a higher risk because this
kind of investment is not that simple. According to Beattie (2019), that one of the hardest
type of investment type is entrepreneurial because it does not only need money. Teens
are right that this type of investment can provide a higher return because Beattie (2019)
emphasizes that in an ownership business they provide an extreme bigger potential
returns.

Teens invest to a well-known company. Teens that prefer company would

invest their money in a known company either in a marketing company or an online
company that gives a higher return. These teens don’t just prefer but they are the one
who try and do the action on investing their money, time and effort in this investment.

“Ahh.. speaking of investment I invested at Net Crime.. Ahh.. it is a Digital

company.. it is a currency online like GCASH..(Transcript 3,Page 1,Line 28-29)”
“Akong ge -apilan karon is kuan multi-level marketing company..(Transcript
4,Page 2,Line 51)”
 28

This teens benefited to the results of the investment type they joined. This type of
investment is also a part of an ownership investment (Beattie, 2019). This companies are
two different company, the first one bought a stock and let his money grow while the
other buy products and became a part of the company and find buyers.

Bank investment is also known for teens. Teens also prefer to invest in a bank
with a view to receive a greater amount and return. Teens prefer this type of investment
because of thinking that this type of investment is better than other type of investment.
Bank investment is trusting an individuals asset to a trusted bank that will let loan
makers to borrow money.

“Yes familiar ko sa mga bangko nga ni invest. (transcript 8, page 2, line 35)”
“Banko ko mo invest. (transcript 8, page 2, line 56)”

“Bank investment man sguro..mas nindot…(Transcript 9,Page 2,Line 58)”

“Oo..peru mas prefer jud if ilado nga bank imong investsan…(Transcript 9,Page
3,Line 70)”

In this type of investment it is important to know its financial capability or

financial performance before entering that bank. Knowing the banks positive profile can
be a factor for the teens to reflect that the choice that they made is right and better. A
study from outside the country stated that the financial position and other financial factor
can affect the financial position of the bank (Adam, 2014). This financial performance is
very important to the investors to try investing.

Teens don’t have experience in investment. Teens in a very young age don’t
have any experience in investment but want to have an experience and try it. Teens
having no experience of investment is due on lacking of knowledge on where and how to
invest their money.
“Wala pa(Transcript 5,Page 2,Line 57)”
“Wala..Investment nga dako og kuan, rate sa interest (Transcript 7,Page 2,Line
49-51) “
“Wala raba (transcript 8, page 2, line50)”
“wala pasad…(Transcript 9,Page 2,Line 53)”
“Wala raba (Transcript 10,Page 1,Line 31)”
 29

Lan, Q., Xiong, Q., He. L., & Ma. C., (2018) also states that older investors are
more inclined to have a cautious decision making style and states that to have a better
investment capability and consciousness. This means that it is true that because the teens
are on the age range of 13-19 they are not that the best in making decision in investment
especially that they don’t have a experience on it and don’t have the knowledge. Having
an experience can help the teens to strengthen the investment decision they can make in
the future.

Right choice where to invest. In investing an individual should make the right
choice to be able to have a better consequence that the individual can feel. Investment
should be reviewed and should be studied deeply before trying. Some teens prefer to
have an investment that they already had an experience especially if it gives them a
control. If teens will invest they prefer to have an investment that give them a higher
advantage than other.

“Business lang guro ko.. kay sauna.. katong bata pami nakasugod man sad mi og
business ba.. maninda og softdrinks ba… niya naa nakoy experience ana.. nya dili sad
sya kaayo risky kay ako may mag gunit sa akong kwarta… (Transcript 2, Page 3, Line
73-75)”
“So kung gnhan ko. . Mas gnhan ko kanang mga bigger gani siya nga
kanang....Oo . Company ba.. Na nag offer sad og dako.. Og return.. Og kanang .. Ohh..
Interest ba..(Transcript 6,Page 2 ,Line 55-60)”

Teens thinking of having an investment should first learn the basic about
investment before trying. Teens should not forget that it’s never too early to get young
people started on the path to building wealth (Lemke, 2019.). Teens should first to know
on the importance of the value of money to have another action to be better. Before the
teens make a business they should first to have a source of the money and know the
background.

Theme 5: Unexplored Security

A theme gathered by the teens participants, it means teens are only guessing that
they felt secured because they haven’t experience it. According to teens, they are secured
when they want to invest. Knowing how to secure your financial well-being is one of the
most important things you’ll ever need in life( Saving and Investing for Students, n.d)

Security in investment. Also in investing assets, security is the first thing to do

in an investment.Teens feel secured because there are factors that can affect the teens to
invest. One of the factor is scam, scam is the big impact of an investment especially bank
 30

investment or in a company. And it is the one reason that can afraid to teens to invest.
Majority of their feelings is feel secured instead of feel afraid because they dont think
that some of the company’s go down or bankrupt of a company.

“Murag para nako secure naka nga kanang.. murag malipay sad ta kay ing -ana
naa sad tay matiguman…(Transcript 1, Page 3, Line 88-89)”
“Kanang ma secure nako siya or something ba (Transcript 5,Page 3,Line 91)”
“Pwede ramn sad pero ma hog syag savings na kay invest is invest.So feel jud
nako nga kailangan jud nako e invest pra wala na gani koy hunahunaon(Transcript
5,Page 3,Line 88-89)
“Dependi ra kung kuan kaya imong gi invest kay dili ka scamon ba ingun ana ba
nindot ang kuan ba... (Transcript 7,Page 2,Line 61-62) “
“Ma secure ka secure sa investment.. (Transcript 7,Page 2,Line 67) “

“Ay di diay. Before ko mo invest, ako man jud siguruduon kung safe na sya nga
banko. (transcript 8, page 2, line 66)”
“Secure ko kay nisalig man ko nga mo invest ko. (transcript 8, page 2, line 64)”

In investing money, security is the important thing to know due to scam. One
of the reason also on being scared to invest is being low knowledge or teens don’t have
knowledge enough in investment. But, when they are financial literate and have a little
knowledge about investment, they are willing to invest but if they are investing, they
make sure that the place where did they invest is already known and their advantages and
disadvantages about it.

“Para nako dili secure.. murag dili ko katuo ba kay naa naman guy mga
scammer (Transcript 1, Page 3, Line 76-77)“
“Dili kay all.. (Transcript 2, Page 3, Line 100)”
“Ohh! Labaw n naa namay.. scam.. karon.. grabe na kaayo ba.. niya mangilad
na tao.. lisod man labi na karon.. karong panahona (Transcript 2, Page 3, Line 88-89 )”
“Usahay ma feel nakoo na murag kuan.. naa man gyud nang hadlok.. di man
gyud na mawala (Transcript 2, Page 3, Line 85-86 )”
“Kung oh.. Kung tinuod ba nga dili scam ilang gipanulti.(Transcript 5,Page
4,Line 103)“
“Kanang.. MahaDlok ba.. Kay dapat usa ko mo invest, siguruduon sad jud nako
 31

(Transcript 6,Page 3,Line 64-65)”

“ohh.. Kanang secure ko ba. Sa kuan.. Akong ge apilan..(Transcript 6,Page
3,Line 67)”
“Uso na baya mga scam scam ron (transcript 8, page 2, line 117)”
“Syempre mahadlok jud ka diba…(transcript 8, page 2, line 115)”
“Ohh safe pru Naa koy naay part nga makuyawan ka kay dika ka sure sa
company or sa business nga imong gi…(Transcript 9,Page 3,Line 67-68)”
“oo, if ganahan jud ta mo invest naa pd baya tay kahadlok ana gamay labi na
dili known nga bank imong gi interan…(Transcript 9,Page 4,Line 103-104)”

Money security. According to teens, they feel secure when they in invest their
money but they don’t even know that some bank investment got bankrupt. They just
think that in investment, their money grow and grow. They always look for advantages
of it but they don’t think the disadvantages. Teens also stated that when they don’t have
enough knowledge about investment. It is good idea that they might think first before
they act.

“Kanang ma secure nako siya or something ba (Transcript 5,Page 3,Line 91)”

“Oh safe, safe ka sa investment, (Transcript 7,Page 2,Line 64) “

“ohh.. mao hadlok sya(Transcript 10,Page 2,Line 35) “

Investing can provide teens wants and needs. Investing can provide teens
wants and needs because the asset they invest is not stable, it grow bigger because of
interest in different alternative investment. Teens want to invest because they believe that
their money grow bigger and so that teens can now buy and afford their wants and needs
in their life.

“Kanang.. simple.. kanang mo invest ka sa usa ka company kay murag ni trust ka

nila na didto ka nihatag sa imong money for your future (Transcript 2, Page 2, Line, 34-
35)”
“Feel lang nako kay basta mo invest naa gud ka kay murag naa sad gani kay
madawat na interest so di lang kay ingnon nga gahatag ka nila kung dili sa imomg
paghatag naa sad kay makuha mabawi nya higher sa imong gihatag. (Transcript 6,Page
3,Line 69-71)”
 32

“Kay kung imo ranang gastoon diman gud ka madato. Ingun ana gud kung
imong mindset ra ba kay kuan kung naa kay na kay kwarta gasto dapat kung naa kay
kwarta kay I invest na nimo kay kuan mudako imong kwarta nya ma use nimo kuanh
example magtukod bakag business run ingun ana ba (Transcript 7,Page 3,Line 70-73)”

Importance of money in investing. Money is very important in investing, you

can’t invest when you don’t have money or asset to invest . Nowadays, teens don’t have
any investment alternative because they don’t have money and they don’t save and think
about their future. They just want their life satisfy everyday and they don’t think that
there are more important things that need to be save in the future. They bare on their
mind that money cant buy happiness.

“Ang2.. di man gud ka ka invest kung wala kay kwarta na dako2 gyud ba
(Transcript 1, Page 3, Line 93) “
“Mo invest.. pero kung naay kwarta (Transcript 1, Page 3, Line 91) “
“Ahhmm.. if mo invest man gud ka… naay posibility ba.. na ang kwarta.. kwarta
kay mo taas sya ba.. nya needed gyud biya nato ang kwarta.. (Transcript 1, Page 4, Line
114-115) “
“ahmmm… sa investment man gud.. kanang needed gyud sya og dako na money
ba.. para mas dako imong kwarta. (Transcript 2, Page 2, Line, 39-40)”
“Ahmm… ikaw man gud ang mag manaage.. kabalo ka ba.. kabalo ka na unsay
nahitabo sa imong kwarta.. asa sya padulong ba (Transcript 2, Page 3, Line 77-78)”
“That would be great! And ahhmm and I recomment it to all.. teens.. to be
educated in investment especially now.. mellinials today.. most of the time they don’t
know whats the real value of..(Transcript 3,Page 2,Line 45-47)”
“Tungod na practice naman na nako sa karon… labi na na nisulod ko ani nga
investment(Transcript 4,Page 4,Line 101-102)”

The willingness to have an investment.. Investment can make your asset doble
thats why teens are willing to invest. Other teens are willing to invest but they don’t have
a capital to start it. Others are willing to invest because it can make them happy and they
have something to wait for in the near future. Teens are more prefer to have an
investment rather than to save because savings is done for emergency funds and short
term goal ( Rutgers, n.d)

“Oh mas better nga mo invest nalang ka(Transcript 4,Page 2,Line 46)”
 33

“Willing kaayo ko mo invest.(transcript 8, page 2, line 60)”

“Ohhh ganahan sad ko mo invest (transcript 8, page 2, line 78 )”
“ Oo mas nindot jud mo invest…(Transcript 9 ,Page 3,Line 77)”
“ so, so para nako is ang investment gani is mas preferrable siya compare sa mag
save ka kay kung kadto lagi kung mag invest ka kay mas bigger imong chance or
oppurtunity para mas mudako pa ang money ang kwarta nimo. Kay unlike sa savings
nga dili, mura rag wala imong money kay imo raman siyang gi save kung unsa imong
gibutang kay mao raman siya, nya kung magsalig sad kas interest rate sa isa ka bangko
kay gamay sad gamay rasad kay siya…(Transcript 9,Page 2,Line 37-42)”
“Oo ganahan jud ko magkuan mag invest…(Transcript 9,Page 4,Line 101)”
“Ma happy ko kay akong i invest akong money kay mudako man siya(Transcript
10,Page 2,Line 44) “
“yes, mas nindot nga mo invest nalang ka (Transcript 10,Page 3,Line 70)”

Theme 6: Unhindered willingness to be educated

Teens already have a small acquired knowledge about investment from different
sources that they gather (i.e Kanang ge discuss man ni sa among maestra naa koy
background gamay-gamay, Akong knowledge kay nakat unan nako.. mas pa.. didto sa
akong business nga ge apilan ba.. na investing is one… one of the factor to be.. better
ba..). Apparently those knowledge needs more before teens can make an investment
education. Teens willingness on learning in investment cant be stop by anything around
them. The willingness to acquire knowledge is higher than anything else.

The willingness of teens to be educated in investment. Six out of ten teens

wants and willing to gather another information or knowledge about investment. They
are willing to listened intently if their would be someone that will discussed investment.
Teens eagerness to acquire a new knowledge is a good start in knowing about investment
so far. Teens don’t have the second thought on answering the question on wanting to
gain more knowledge in investment. Teens are not closing their doors to acquire a new
knowledge that will help them in the future.

“Maminaw.. maminaw og tarong (Transcript 1, Page 3, Line 86) “

“Oh yes!..(Transcript 4,Page 3,Line 79)”
“Oo.. willing ko na mapun an pa ang akong knowledge..(Transcript 4,Page 3,Line
92)”
“Oh okay ra! (Transcript 5,Page 3,Line 93) “
 34

“Kuan imong kuan imong money dayun naa nay interest nya naay kuan ma nay
interest naa kay ma get ba more that sa money nga imong gi invest ba, kana more than
sa money nga imong nahatag(Transcript 7,Page 3,Line 84-86) “

“ohh... Mulang.. ganahan gyud ko mapun an(Transcript 7,Page 3,Line 90) “

“Willing ko, may nalang makabaw ko unsay advantages ug disadvantages sa pag
invest sa kwarta (transcript 8, page 2, line 71-72)”
“Ang investment? kung ako lang pangutan on, dili sad nga mo ingon ko nga dili, kay
pra nako pwede rsad. Most baya sa mga taw ron kay nag invest sa ilang nga kwarta.
(transcript 8, page 2, line 75-76)”
“i will feel glad(Transcript 10,Page 2,Line 48) “
“yes. I am willing to be educated..(Transcript 10,Page 2,Line 57) “

Teens statements are the same to what the global investor study (2017) stated that
88% of people feel the need to improve their investment knowledge in at least one area.
Teens are one of those 88% of people because in a very young age, the teens know that
they lack of knowledge and wanting to improve it and learn more about investment.
Eager to improve their knowledge can be a source that teens are curious about it and
some have a small percent on wanting to try it.

Feelings in acquiring knowledge of teens about investment. In asking teens on

their feelings about investment they answered in different ways. Some teens believed
that in acquiring knowledge in investment is new opportunity for them to learn
something new. Teens can also feel lucky that they had experience acquiring knowledge
especially that investment education is not that known and elaborated to them. Acquiring
knowledge can be the source to feel positive feelings like happiness and being glad,
according to teens. It is really to add more knowledge while growing.

“Willing kay knowledge na gud na.. (Transcript 2, Page 4, Line 113)”

“Usahay naay days na mahappy ka about ana unsa nga invest.. (Transcript 2,
Page 4, Line 121&124)”
“Kauan malipay rako atleast madagdagan imong knowledge..(Transcript 4,Page
3,Line 76)”
“Oh pwede rasad, maminaw lang ko nila.(Transcript 5,Page 4,Line 101) “
“Kuan kaayo. Feel nako lucky kaayo ko kay di sad jud baya ingnon nga naa jud
tay knowledge about ana. (Transcript 6,Page 3,Line 74-75)”
“ ma feel nako kay.. lucky kaayo ko na.. mapun an ba.. akong knowledge.. about
ana.. ma feel na mas taas akong knowledge.. (Transcript 7,Page 3,Line 80-81) “
 35

“Mas maayo siya para mas mapa, naa pakoy makat unan, madaghan pa akong
knowledge dayun mas nakabaw pako unsay ang advantages og mga benefits sa kung mo
invest ka…(Transcript 9,Page 3,Line 86-88)”

Acquiring knowledge in investment can provide good and positive feelings to

those who wants to improve it. And according to Goldsmith (2006), education improves
both men and women subjective and real knowledge in investments.

Limitation of acquired knowledge. This cluster showed that teens have low
level of knowledge in investment. They only understand that it deals with money but still
admit that what they know is just an overview. This the factor why teens don’t engage in
investment because of not being knowledgeable enough in investment. Other statement
states that their knowledge is limited its because investment is not the focus of their
lessons as a student. teens also don’t know about any investment alternatives.

“Wala man gud koy dako kaayo na knowledge about ana (Transcript 1, Page 4,
Line 100)”
“Ang investment man gud.. daghan sya og klase.. pero ang uban kay dili known sa
tanan ba.. (Transcript 1, Page 4, Line 103-104)”
“Pero bag o ko mo suway kailangan.. kailangan pa gyud na makahibaw ko pag
maayo ba..(Transcript 1, Page 4, Line 115-116)”
“Wala man gyud koy… koy idea ana… nga unsa pa ang lain na investment type
(Transcript 2, Page 3, Line 69)”
“Kapoy man gyud sya.. kapoy man gud na.. daghan na kaayo ba..Naa gyud na
tanan nga kapoy… (Transcript 2, Page 4, Line 121 & 124 )”
“Gamay pa (Transcript 2, Page 4, Line 129 )”
“Tungod man gud na nga wala gyud na… ge focus ba.. ge focusan o tudlo..
(Transcript 2, Page 5, Line 140)”
“30 ra sad akong knowledge.. gamay gyud kaayo (Transcript 2, Page 5, Line 148)”
“Actually gamay ra..(Transcript 4,Page 3,Line 85)”
“Gamay raman gud akong knowledge ba..(Transcript 6,Page 1,Line 30-31)”
“I pirme lang ta magpagawas ug kwarta wothout knowing nga kato diay ay sobra
na sa imong kwarta nya naa pa diay kay kinahanhlanon na sunod...Ohhh. Dagahn pa..
Ang palitunon ba..(Transcript 6,Page 3,Line 80-83)”
“Taas pero dili gyud sya totally..(Transcript 6,Page 3,Line 93)”
 36

“Ohhh… mahadlok .. Labi na wala ka kibaw (Transcript 6,Page 4,Line 121)

“Gamay(Transcript 7,Page 1,Line 23)”
“Wala kaayu koy nahibaw an.. Anang mga investment gyud ba.. (Transcript 7,Page
3,Line 88)”
“wala paman gyud koy knowledge ani ba.. di pa sure(Transcript 10,Page 2,Line 33)”
“ohh.. mao hadlok sya(Transcript 10,Page 2,Line 35)”
“Oh gamay, ing ana jd na kay di paman fully knowledgeable(Transcript 10,Page 2,Line
62)”

According to the study of Tiogson (2017) studies revealed that Filipinos are not
educated enough to any various investment tools and having low of income makes
investing impossible. Which cleraly states that money is also a hindrance why teens
don’t engage in investment. Mostly teens don’t have income or big amount of amount of
money to invest, and some of them are still depending on parents. Another study of
Lusardi, Mitchelle, and Curto (2010) stated that in United States young people don’t
have enough knowledge to make financial decisions.

Investment Knowledge Sources. Some of the teens acquired little knowledge

from educators or teachers. And a small percent states that they know about investment
because thay have experience on having an investment and they learned much on what
they had experienced. Other teens answered that they just heard what is investment all
about. To be assured about investment individual must do some reserch.

“Kong knowledge sa investment kay gamay ra man gyud na… ABM ko… nadiscuss
na hinuon pero… pero wala na dig pa og maayo ba (Transcript 1, Page 4, Line 102-
103)”
“Kuan… akong knowledge… kato rang ge review sa among maestra ba.. katong
about sa investment.. about atong.. business ba.. (Transcript 2, Page 4, Line 133-134 )”
“Kanang ge discuss man ni sa among maestra (laughing) naa koy background
gamay-gamay (Transcript 2, Page 1, Line, 26-27)”
I think.. you only have to do is to.. what I tell you lately.. search (Transcript 3,Page
2,Line 51-52)
“Yeah! Just search.. research and don’t trust anyone.. yeah.. don’t trust anyone..
you just trust yourself.. (Transcript 3,Page 2,Line 87-88)”

“Don’t be so aggressive.. don’t be so aggressive.. don’t let you rush things.. just like
be patient and go with the flow..(Transcript 3,Page 2,Line 52-53)”
 37

“First you must research research and research…(Transcript 3,Page 1,Line 33)
“Pero mas maayo man gud if na-experience na nimo kay experience is mas makat-
on man jud ka gud kaysa sa mga studies karon..(Transcript 4,Page 3,Line 81-82)”
“Akong knowledge kay naka unan nako.. mas pa.. didto sa akong business nga ge
apilan ba.. na investing is one… one of the factor to be.. better ba..(Transcript 4,Page
3,Line 89-90)”
“Ohh kay Gas bya ko nya naa mi subject in terms handling money bali naa rasad
koy nasabtan about investment(Transcript 5,Page 4,Line 110-111)”

“So, para nako akong nakat onan sa investnent (Transcript 6,Page 1,Line 24)”
“Ohhh ohhh.. Ka familiar noon ko.. Kay mao man na ang murag na storya storyaan
ba..(Transcript 6,Page 2,Line 33-34)”
“Tungod man gud na nga ang uban ba.. Kanang.. Ge discuss.. Familiar ba. Pero di
man.. Di man gyud totally ba..(Transcript 6,Page 4,Line 95-986)”

There are experts stated that having an internet connection can help the growth of
an investors. This is one of the factor from which individuals can get information or do
some research about their investments. Teens stated that experience are the best teacher
and also getting information from other individual could be a good help.

Supported by the study of Lorenciana (2018) that experiences of other traders

influenced and encouraged Cebuanos to engage investment.

High Interest in investment. the result showed that teens are highly interested in
investment. Because of having low knowledge they are more interested to learn about it.
Knowing that in investment, it can make a big changes in money growth they are also
willing to try to engage in investment.

“Interesado noon ko na makahibaw og makasuway…(Transcript 1, Page 4, Line

110)”
“Tungod man na nga… even,.. even di ko knowledgeable.. curios biya.. ganahan ko
mo invest.. Pero….ohh walay knowledge.. (Transcript 2, Page 5, Line 150-153)”
“Tungod gusto pako makat on.. gusto ko mapun an kung unsa ang naa nako
ba..(Transcript 4,Page 3,Line 97)v”
“Investment? Ahmmmv100% sad kay 100 pd sa business..tungod man gud na...
 38

Ganahan gyud ko.. Og ingon ana ba.. Business..(Transcript 6,Page 4,Line 100-102)”
“Interesado kayko kung naa pakoy dako kay nga kwarta interesado kayko ana nga
investment kay naa man koy knowledge gamay nga mubalik jud na nimo imong kwarta
nga gi invest ba mudako pa sa kwarta nga imong gihatag(Transcript 7,Page 3,Line 95-
97)”
“Yes willing gyud ko (transcript 8, page 2, line 95)”
“Yes, interesado ko sa investment because dili ang akong money kay dili ra siya
stagnant kaysa savings nga if mag save raka kay kung pila ra imuhang gi hug dayun
wala ra siyay changes igo raka siya magkapatong patong(Transcript 10,Page 3,Line 72-
76)”

According to Sarwar and Afaf (2016) stated psychological factors means,

emotions, thoughts and other characteristics that can influence the behavior, attitude and
functions of the person mind. There are some factors that considers teens to be higly
interested in investment. In the study of ( C. Wah et. Al., 2017) result shows that there is
a positive relationship between psychological behavior and propensity on investment,
people with positive vibes can affect their willingness to take risk and explore new
procedures and possibilities (Xing & Sun, 2017).In the study of Islamoglu, M. et. al.,
(2015) states that people behaved and make decisions based on facts, rather than emotion
for their own benefit. It is also stated that investors will include their past experience and
experts opinion in decision-making towards investment. Which in connection from the
teen statements based on their experience having an investment.

Little interest as of the moment. Aside from that there is also a small percent of
teens that have low level of interest in investment. Teens are doubting on what might
happen if they will try investing. Other reason showed that because of having low
knowledge they also have low level of interest in investment. It sums up that teens are
not yet ready to invest today, maybe in the future.
“Ohh!.. kanang if sure na gyud ko.. nganong di man ba..(Transcript 2, Page 3, Line
91 )”
“Ahhmm.. kay even sure naka.. naa man gyud nang times.. kanang di ma predict ba
sa panahon.. (Transcript 2, Page 4, Line 102 -103)”
“Gamay ra..40 percent ra guro…. akong interest ba.. (Transcript 2, Page 5, Line
144-146)”

“Pwede pa mosaka, kung interesado jud kay ko mo kuan...(Transcript 5,Page 4,Line

115)”
“interesado man .. pero murag dipa karon..kuwang paman gyud akong knowledge
ba..(Transcript 5,Page 4,Line 118-121)”
 39

“Wala man ko mo ingon nga mo invest ko karon, puhon. (transcript 8, page 2, line
69 )”

In the study of Aren S. & Aydemir, S. (2015), people that lacks of knowledge in
finances will make impossible and of this world decisions in terms of their own finances.
Which is connected to teens level of interest in investment. Mostly teens doesnt care
about their expenses. Another reason of being not interested is having a low level of
knowledge. According to the global investor study (2017), 88% of people feel the need
to improve their investment knowledge in at least one. Another studies that supports is
according from Sarwar and Afaf (2016) that conducted a study on Pakistan with 254
respondents states that young people age less than 20 are not more interested in investing
as they are less aware of stock exchange.

Theme 7: Knowledge against practices

Filipino have many practices in different aspect in life but some practices can
hinders the Filipino to be better in that certain aspect. Practices that should not be
practiced are usually done by Filipinos. Teens also adopt the bad practices that are
nurtured and done by them. They have new acquired knowledge but that acquired
knowledge will be stopped by certain practices (i.e Magsalig ko ba.. Na naa koy ma
pangayuan.. kay kanang bata pata pa raba ta kay naa man tay parents. So, mag salig gyd
ta ana nila, Oo.. di ko mag think na naa pay mabilin, nya Napa diay ugma… napa diay
mas importante nga butang nga kailangan gastoan sa money…) practices and thinking of
dependence towards parents or just spending without thinking are some practices that are
nurtured.

Managing finances to be a financially literate individual. Six (6) out of ten

(10) teens considered themselves as a financially literate individual. Individual that
knows how to balance their own finances and allowances that can meet their wants and
expenses every week. Being financially literate for them is not the total meaning of being
one. The statements below are the teens statement about them being financially literate in
handling their finances.

“Kabaw gyud kom manage..Di noon ko mahutdan..(Transcript 1, Page 4, Line

120)”
“Kabaw (Confident smile) ko mo gunit og kwarta.. gamit sad (laughing)
(Transcript 2, Page 5, Line 156)”
“Oo… kabalo noon ko mo gunit og kwarta..(Transcript 4,Page 3,Line 99)”
“(laughing) kabaw raman ko. Mo gunit og kwarta ba.. (Transcript 7,Page 3,Line
 40

103) “
“Para nako kay oh. Kabaw man ko mo tipid kay kbaw ko mo save, tigom pra
mapalit nako ang ganahan nga butang. (transcript 8, page 2, line 101)”
“yes, kbalo jud ko sa akong allowances mo dala (Transcript 10,Page 3,Line 79)”

Being financially literate means about knowing how to make a smart decision for
an individual to be financially secure I the future and the one that protects the assets that
is build by you and your love ones (O’Connell,2019). from the statement of O’Connell
that proves that some teens have a different way of looking on being financially literate
because some thinks that if their allowance is enough for the whole week means that they
are financial literate, not minding on having a saving for the future. Maybe some teens
know how to save but for their enjoyment and wants to be satisfy.

Waiting for opportunity. Teens are always waiting for opportunity before they
will try and grab the chance to enter in a investment alternative. Waiting a chance before
trying is not a good practice because to acquire wealth an individual should not wait but
at least they will seek to find the big opportunity that they can see. Waiting can be the
chance to seek an investment alternative. The statements below proves that teens will
surely invest if given a chance and opportunity.

“If given a chance… mo invest ko (transcript 8, page 2, line 109)”

“oh, kay wala paman ko ka kitag oppurtunity nga pwedi nako ma invest akong
money…(Transcript 9,Page 3,Line 81-82)”

A financial literate individual wont wait for an opportunity to secure their

finances but they will exactly find a way to have one. Because according to a Filipino
business man, a financial literate individual has a vision for the finances. This means that
the teens if having a vision they will find a way to make and do everything to try
investment. Another is a financially literate individual is discipline, a person that will
keep track to his finances. A teen wanting to improve their finance will be discipline
enough to find the opportunity for them (Roxas, n.d).

Experience are the source to be financially literate. Teens stated that being
financially literate for them is due to the experience they had been and evolve them to
what they are today. Experience is a good teacher in this sense. Some teens became a
financial literate individual because as a kid they are already thought by their parents on
how to use money in the right way and how to balance it to keep something out from it.
Some teens became literate due to experiencing a situation in need of finances, in that
situation it teaches the individual the importance of balancing and having a financial
security.
 41

“I am so illiterate financially and then suddenly I want to buy it and I just.. I just
realize that I need to do in my life without leaving my hobbies behind.. and thats why I
came up with to this ahmm.. I invested in a.. suitable to me..(Transcript 3,Page 2,Line
61-64)”
“Yes, kay bata palang ko murag gi kuan naman kos akong mama gud (Transcript
5,Page 5,Line 125) “

According to Bhabha, Khan, Qureshi, Naeem and Khan (2014) financial literacy
as a combination of awareness, attitude and behavior that necessarily make sound in
financial decisions and achieve individual financial well-being. The researchers found
out that financial literacy is one of the main factors affecting investors investment
decision. Out of ten teens only two have that experience that made them a financially
literate individual, individuals that want to achieve better in their finances. This is one of
the reason why teens are not unto making investment decisions.

Spending without thinking. The worst aspect teens have practiced is the
spending pattern that they have. Mostly teens spend without a rationale or without a
certain objective to be better the only thing that revolves to their mind is just for the sake
to be satisfied. Mostly teens wants to be independent in handling their finances and its a
good practice but unfortunately they still don’t know the right way on handling it.

“Kay if naa nimo gud.. mahurot lang ba.. walay padulngan.. (Transcript 2, Page
3, Line 98 )”

“As what we said gnina as in gastadora jd kaayo ko (laughing) (Transcript

6,Page 4,Line 107)”
“Oo, dli jud siya kaigo..ohh.. Dili gyud na ma bana- bana..(Transcript 6,Page
4,Line 109-111)”
“Magsalig ko ba.. Na naa koy ma pangayuan.. kay kanang bata pata pa raba ta
kay naa man tay parents. So, mag salig gyd ta ana nila(Transcript 6,Page 4,Line 113-
116)”
“naay time nga dili ko kahibaw mo budget sa akong money kay gasto kay gasto
lang…(Transcript 9,Page 4,Line 108)”
“Oo.. di ko mag think na naa pay mabilin, nya Napa diay ugma… napa diay mas
importante nga butang nga kailangan gastoan sa money…(Transcript 9,Page 4,Line
110-111)”
 42

“mangayo balik…(Transcript 9,Page 4,Line 11”

In the study of Aren S. & Aydemir, S. (2015), people that lacks of knowledge in
finances will make impossible and out of this world decisions in terms of their own
finances. Teens on not being financially literate is one of the reason why they cant even
save a single centavo just like what Aren & Aydemir stated above. If teens don’t even
know how to handle their finances, how much more if finding the best investment
alternative to be financially secured.

Theme 8:Hesitant risk taker.

This theme explains that teens have low risk tolerance in investing money. They
have lot of reasons of why not engaging into investment. Teens know about investment
but still hesitate to try to invest or to risk about it.

Safety before risking. The reason why teens don’t engage in investment is
because of having a low level of risk tolerance. Mostly teens are much aware about
issues on investment like failure or scam. That is why they are afraid, and they want to
make it sure first before investing their money.

“Para nako dili secure.. murag dili ko katuo ba kay naa naman guy mga
scammer (Transcript 1, Page 3, Line 76-77)”
“Ohh! Labaw n naa namay.. scam.. karon.. grabe na kaayo ba.. niya mangilad
na tao.. lisod man labi na karon.. karong panahona (Transcript 2, Page 3, Line 88-89 )”
“Kailangan ako pa siya mahibaw-an.. bag o ko.. mo sugal ba..(Transcript 2,
Page 6, Line 174)”
“Ako, kay mag tan awn sa nako ang situation ba ...Ohh like di bako ma scam or
ilad …Bag o ka mo risk.. .Depende sad Kuung safe ba or dili (Transcript 5,Page 5,Line
140-146)”
“Ohhh like kung ganahan kos investment willing gyud ko mo risk(Transcript
5,Page”

Being an in investor one main thing that works best is his or her capacity to take
on risk. (Investopedia, 2006). This shows that teens are not really ready for investment
because of having low capacity of taking risk. Having a high risk tolerance depends on
the peoples’ situation, considering teens that have trust issues on scam and failures of
their money.
 43

Being a high risk tolerance individual. There are teens claimed they are risk
takers but only in savings. They also know that in having investment being a risk a taker
is very important and having a positive mind as one of the characteristic as an investors.

“Wala, kay businessman man ka business woman dapat man gyud ka mo risk.
Risk taker biya sila dapat, dapat dika mahadlok kay way negosyante mga negative ang
ge set diba positive gyud na.(Transcript 4,Page 4,Line 131-133)”

“Mo take risk para kuan ma kung ibutang nako sa percent mga 90(Transcript
7Page 4,Line 114)”
“kuan.. Mas taas man gyud ko og risk.. Kay kailangan man sad sya(Transcript
7,Page 4,Line 118)”

Study results that in Malaysia, the higher risk tolerance of an investor; the greater
chances will invest as well as receive greater returns. There are past studies ( Vlaer,
Stewart and Charter, 2008) shows that risk tolerance has a positive effect towards the
propensity on investment. Their findings showed that the more you understand your risk
tolerance, the better investment decisions will you make as well as the greater risk
aversion. This could answer that teens are better to invest because they have high risk
tolerance.

Small risk in investment. Having not enough knowledge in investment is the

main problem why teens hesitate to try investing. Teens stated they are more safe in
savings that is known for them compared to investment.
“Ohh! Gamay kaayo ko og risk.. labi na wala kaayo koy.. kuan.. nahibaw an ba..
(Transcript 2, Page 6, Line 176)”
“Para nako gamay ra (Transcript 4,Page 4,Line 123)”
“Ayyy.. Dili man kay ko ingon nga risk taker jud.(Transcript 5,Page 5,Line 138)”
“Dili taas, sakto lang na mo risk ko(Transcript 6,Page 4,Line 118)”
“Mga 80 ra akong risk gyud.. Di sya taas .. Pero di sad mobo. (Transcript
6,Page 5,Line 127)”
“half half (transcript 8, page 2, line 122)”
 44

“Oh mahadlok kung wa pajud tay background sa usa ka bank…(Transcrip9,Page

5,Line 130)”
“Sa savings? taas rakog risk, kay mas kaila man ko sa akong gi save’van or kaila
rami like friends, or classmates(Transcript 10,Page 3,Line 95-96)”

People with low level of risk tolerance might have the tendency of making wrong
decisions. According to Aren & Aydemir (2015) states that in making decision towards
investment, risk criteria is seen to be important. This study shows that people who are
not risk taker with low financial literacy choose alternative of foreign currency. Mostly
teens have higher risk in savings because they know already about it compared to
savings.

The Synthesis of the Study

In this chapter, the findings of the research, the process and the problems
encountered, the answered objectives, the recommendation, and the personal reflection
of the researchers will be generalized.

Summary of Findings and Retorts

The objectives of this study are answered by the following themes that emerged that
will be stated below. In terms of the first research objective about teens perception in
investment, they have the idea that investment can increase the growth of money that
will lead to success in life. In the second research objective about teens concept on the
difference of investment and saving, investment is superior and better than the latter
because it can have a greater increase in money. In the third objective about teens
preferred investment alternative, even most teens don’t have an investment yet their
preferred investment alternative revolves to their wants and required characteristic in
investment which is a higher return like business, company and bank.

In the fourth objective about their feelings of willingness and interest in investment
education results to having an unhindered willingness to be educated in investment. The
last objective which is about the reasons of teens on not engaging themselves in
investment is due to having practices that is against their knowledge and to their
hesitation to take risk.

The study focuses on teens and their concepts, thinking, behaviors and feelings
towards investment. The study has eighth (8) emerged theme from the gathered data of
 45

the answers of the purposively chosen participants with an age range between 13-19
years old. This themes will be discusses comprehensively and briefly below;

1. In investment, money leads to success which means that investment is one of the
source for someone to increase their wealth due to the growth of money it can provide.
Investment is a long process but much better than just merely saving money by yourself.
Investment can make someone feel satisfaction, enjoyment and successful especially
nothing is permanent in this world. Money leads to success but with a right choice to
make, the right alternative to go that can make money grow.

2. In savings, teens thought that it is for emergency usage of money. As a teen,

saving is convenient and better especially without having a source of income. Saving is
easier for teens because it can be withdrawn anytime teens want to. Saving as a teen is
about for the buying of something they want sooner by keeping a a money left from their
day to day allowances.

3. Between the two aspect which is investment and savings. The superiority of
investment is about the concept of investment is much better than savings. Investment
and savings are quiet similar and teens see investment as an action happen after saving
the money. The two concept maybe similar but investment is better and superior than
savings especially in the money growth value. In savings, money will just stay stable
while investment increases the value of money invested.

4. Teens have this something called as an “investment requirements”. This

requirements of teens is about the characteristic of an alternative that they prefer to have.
Out of ten teens only two of them has an investment in a certain company that gives a
higher return and good benefit. Mostly teens don’t have that experience, that is the
reason that investment requirement exist. Choosing the right investment alternative is
important to teens for them to receive a higher return. Some prefer to have an investment
they have the control like business venture. Some teens prefer to invest in a company
that can give benefit and advantages. And some teens prefer to have a bank investment
due to offer of high interest especially in a well known bank. Teens choose and require
alternatives that they know that exist in nature.

5. Teens don’t have really the idea about investment, the reason of having an
“unexplored security” in that aspect. In investment, security is very important to be felt
especially that scams and fraud are trendy nowadays. Teens have an unexplored security
and the feel of fear or being afraid on trying investment due to having no great
knowledge about investment, causing them on not having a sure choice. Investment can
 46

provide the needs and wants of teens but it involves a great amount of money. The teens
are willing to try and explore investment but the security of their money should be
assured by that certain alternative. The lacking of knowledge is the one hinders that
exploration of security of teens.

6. Teens are a great learners, as what the researchers had observed from the
participants. The teens have a small knowledge acquired from different sources. Some
teens acquired knowledge from schools, research and even stories around them. But the
problem of that knowledge are all limited and not full that can help them in making
investment decisions. But that lacking of knowledge doesn’t stop teens to feel a great
interest to try and enter investment. Maybe some feel that this age range are not the right
time but they are still willing to enter when they feel that the time will be right. Teens
have this unhindered willingness to be educated in investment. Teens want to learn
more about investment of they will be given a chance. They feel lucky to acquire
knowledge because its an opportunity for them. It can be the source for them to have
more opportunity to invest.

7. Filipinos have many practices that are passed from generation to generation,
apparently Filipino teens also acquire that practices that hinders the true knowledge they
should acquire (Knowledge against Practices). Teens are thought to be financially
literate individual. Experiences in their surrounding and teachings of parents are some
sources of that. But for teens being financially literate is just merely living for a day
with a thinking of having just enough allowances, they mostly wont think of keeping
even just a little bit of money that was given to them. Being financially literate individual
is to be financially secured in the future. Teens have this practice of waiting of
opportunity without a thinking of finding it. Teens is merely spending without thinking
for tomorrow especially they are dependent to the finances of their parents.

8. Teens are a hesitant risk taker especially to things they don’t have knowledge.
In investment having a high risk tolerance is needed to have a greater consequences of
choices. The problem of teens are only Three out of ten teens are high risk taker. Most
teens have a small risk tolerance in investment due to having a fear on trying investment.
Teens have the tendency to feel safe and secured before making some decisions.

The Process and the Problems Encountered

In the processes and outcomes of conducting this research was worth it, for all
the effort we gave. The first and second chapters went smooth on the process even
though we had three revisions on it. It went easy for us to gather some related sources
since we already made a quantitative study of this research. Problems came up when we
gathered data and analyze. The serious problem about gathering data is when it deals
 47

with the recording of the answers or the interview. There are some points that researchers
misunderstood what the participants have said because of the recorder. Another problem
came up when we tend to realize that there are questions we forgot to ask in some
participants. As a result, this is a failure of lacking some information that must be needed
in our research.

It was a great pressure and challenged for us because we made this research only
in four months. In gathering our ten (10) participants, we only had short time because
most of them are busy and in a hurry. Another problem we encountered during the
interview when the participants can’t easily understand or catch up our thrown questions.
Luckily, all the participants we had are close to us and it’s easy to approach them.

The biggest problem we had encountered when we reached in analyzing the data
is about the methods we used to analyze the data. We spent almost a week of overnight
in analyzing the data, it’s because don’t really understand the methods we used. Aside
from that the methods we used had many processes in order to analyze data. That’s why
it would really take time to make our chapter four (4). These experiences would be a
useful addition to future studies.

Contribution and Recommendation

The research study about teens and their behavior towards investment is very limited
especially within the concepts of Filipino teens as investors. The results and findings of
this study is very much helpful to the future researchers that can serve as a guide for
them to know about the aspect of this part. It can be their source for their study. Aside
from the future researcher, the study can help other individuals. Teens and the
participants can make this research study as a guide for them to improve and reflect as an
individual.

As what the research study finding stated, the teens are very willing to acquire
knowledge in investment. That is the reason that the researchers are recommending to
the DepEd officials to implement an investment subject in the curriculum. And for the
future researchers to create either a quantitative or qualitative study about the best
investment alternative for teens or solving the problem about teens not having an
investment knowledge and other easy ways for the teens to improve it.

Researchers Reflection
 48

The researchers has gained new knowledge about how to make research in a
qualitative way and process. Qualitative research design process is very different from
the previous one even though it was thought differently by two different teachers.
Qualitative research design is very hard to be done and its cycle. Qualitative needs a very
intensive and focused analysis to the gathered data. This research method tested the
patience of every researcher that conducted this study.

In the analysis of the data , the statements should be analyze and put in the fit
category that it should be included. Those clustered category or theme will be grouped
and formed into a general theme to have an insightful phenomena.in the process of this
research study even it is tiring, stressful and time consuming, it can also be rewarding
and satisfying in each one of the researchers.

This research study has also provided each one of the researcher ideas which tested
the values, professionalism and patience that can be helpful in the future. The styles of
different researches are also known by the researchers.

The researchers while doing this study reflected, that being a researcher is a very
important and vital role to have a more realistic and insightful phenomena that can help
to dig deeper about some situation that should be answered and can help the surrounding
around.
 49

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Appendices

Republic of the Philippines

Department of Education
Region VII, Central Visayas
Division of Cebu City
DON VICENTE RAMA MEMORIAL NATIONAL HIGH SCHOOL
Macopa Street, Barangay Pardo, Cebu South Road, Cebu City @Telefax (032) 2661549

January , 2019

Mrs. Marilou Dela Cuesta

DVRMNHS Principal

Macopa St. Basak Pardo, Cebu City

Good Day!

We the students of Don Vicente Rama Memorial National High School of the Accountancy,
Business and Management strand are asking for your approval to conduct a research study
entitled: “Teens and Investment: A Qualitative Study“ as a partial fulfillment of our subject
Inquiries, Investigation & Immersion, handled by Mr. Oliver Reyes. The purpose of this study is
to analyze teens and their behavior towards investment.

The result of this study is beneficial for you to understand how teens behave and feel about to
invest money in the Philippines, that interventions could be done based on the result of the study.
And the information from the participants is very important. The information collected study
through the one- on-one interview will be kept confidential and will be used exclusively for
research purposes only.

We are looking forward to hear your response soon. More power and God Bless.
 56

Respectfully yours,

JOYCE ANN S. JAYME

JESSA L. DELIMAN
MA. LUZ C. VILLANIL

Researchers

Endorsed by:

MR. OLIVER P. REYES

Research Teacher

Approved by:

MRS. MARILOU DELA CUESTA

DVRMNHS Principal

Republic of the Philippines

Department of Education
Region VII, Central Visayas
Division of Cebu City
DON VICENTE RAMA MEMORIAL NATIONAL HIGH SCHOOL
Macopa Street, Barangay Pardo, Cebu South Road, Cebu City @Telefax (032) 2661549

Human Informed Consent Form

Dear Respondents
 57

The students of Accountancy Business Management 12 of Don Vicente Rama

Memorial National High School are conducting a research as part of the requirements of
their subject Inquiries, Investigation & Immersion handled by Mr. Oliver Reyes.

The researchers would like you to participate in this study by answering a

number of questions through interviews concerning feelings of teens in investment.
Participation is voluntary. If at any time you are not comfortable answering any
questions, you can refuse to answer or decide to stop all together. The data (information)
collected through this question will be kept confidential and it will be used exclusively
for research purpose of DVRMNHS researchers only.

The purpose of this study is to to know the experiences and feelings of teens in
investment. The data will be collected by interviewing each participants using a semi-
structured questions, one on one interview. The interview will be audio recorded in the
process to clearly transcribed your answers and to avoid repetition of action. There are
several sections in the interview guide question that you will answer. The interviewed
and transcribed data will be the only formal way to collect and gathered data in a
qualitative study.

In participating and answering all the questions, we will assure you that there is
no threats, risks and anything that can make you harm. This research will be beneficial
for you because you will know how research methods are done.

Please sign this consent form. You are signing it will full knowledge of the
nature and purpose of the procedures.

Joyce Ann Jayme

Jessa Deliman
Ma. Luz Villanil
Researchers
Barangay Quiot, _______________________
 58

Cebu City Participants Signature over printed name

09454279513

Republic of the Philippines

Department of Education
Region VII, Central Visayas
Division of Cebu City
DON VICENTE RAMA MEMORIAL NATIONAL HIGH SCHOOL
Macopa Street, Barangay Pardo, Cebu South Road, Cebu City @Telefax (032) 2661549

Interview Guide

Name (Optional):______________________________________

Age:___ Gender:__________

Educational Level:______________

Allowance per week:_________

Expenses per week:______________

Questions

1. What do you know about investing so far? How about savings?

(Unsa imong nahibal an mahitungod sa investment (pamuhunan)? Nya sa savings

(pagtigum)?

2. What do you think the difference between investing and savins?

(Unsa imong nahibaw an na kalahian sa investment(pamuhunan) og savings(pagtigum)?

3. What type of investment you are into? If nothing, what is your preferred investment
type if you are given a chance?Please, specify what investment type?
 59

(Unsa nga klasi sa investmet(pamuhunan) ang naa ka or imong ge apilan? Kung wala’y
bisan usa, unsa imong tipo sa investment (pamuhunan) kung ikaw kay hatagan og
higayon? Palihug, isulti kung unsa nga klasi nga investment (pamuhunan)?)

4. How would you feel if you will invest your money? Why do you invest your money?

(Unsa imong batioon kung ang imong kwarta kay imong iinvest (mamuhunan)? Nganong
imo mang iinvest imong kwarta?

5. How do you feel if you will be educated about investment?

(Unsa ang imong gibati o bation kon ikaw maedukar bahin sa pagpamuhunan?)

6. What can you share about the following things : (Unsa ang imong ma bahin or masulti
mahitungod sa sumunod na butang:)

a. Knowledge in investment (Nahibaw an sa pamuhunan)

b. Interest in investment (Interes sa Pamuhunan)

c. Financial literacy

d. Allowances and expenses (Mga allowance ug mga galastuhan)

e. Risk tolerance

List of Table

Table 2: Significant Statements

Significant Statements Transcript Page No. Line No.

No.
 60

Oh.. pero… gamay rasad akong nasabtan.. 1 1 10

Mahurot gyud sya kay mahal man ang 1 1 30

tinda..

Naa! .. Piso … 1 2 32

Murag wala man gyud koy idea anang 1 2 39

investment.. murag savings raman gyud…

ahmmm. Kuan.. para nako sa, ang 1 2 41

investment kay taas-taas syang process

Bag o mo taas imong kwarta.. di na nimo 1 2 41-42

mahilabtan ba.. pwede ra di nimo pun an..
ing ana ba

Sa savings mura kag.. murag ng save ka og 1 2 44-45

money paras imong future ba…

Ang savings man gud kay mo taas sya if

imo dunghagan sad.. while ang
investment.. mo taas sya.. pero di naka 1 2 47-48
kailangan sige og puno og kwarta..

Ang investment kay mura rasad sya og 1 2 52

savings

Investment murag nagkasaka imong

kwarta ana.. in a long term manner… nya
ang investment kay if imong kuhaan mo 1 2 53-55
gamay sad ang tubo ba.. magdepende .. sa
interest

Ang savings kay.. kanang imo syang gi

tigom ba kay bsin naa kay paliton or
kinahanglanon 1 2 59-60

Sa savings man gud pwede nimo 1 2 60

makuhaan kanus a ka ganahan

Savings..Didto ra gehapon.. sa among

room .. sa among skwelahan ba kay..
classmate ra gani namo kong unsay
 61

masobra sa bawn mao nalay isave.. 1 3 63-66

Nasabutan man na ang interest kay ikaligo 1 3 73

namong barkadha sa dagat ba…

Para nako dili secure.. murag dili ko katuo 1 3 76-77

ba kay naa naman guy mga scammer

Mo invest ko kay… para naa sad koy..

kanang… sa sa sunod na panahon niya
kanang mangihanlan tag kwarta diba dili
man ta katag-an sa atong panahon na
mahutdan man gyud tag kwarta.. pwede
didto nalang ta mukuha sa katong kwarta 1 3 80-83
kong mahutdan gyud ta

Maminaw.. maminaw og tarong 1 3 86

Murag para nako secure naka nga kanang..

murag malipay sad ta kay ing -ana naa sad
1 3 88-89
tay matiguman…

Mo invest.. pero kung naay kwarta 1 3 91

Ang2.. di man gud ka ka invest kung wala 1 3 93

kay kwarta na dako2 gyud ba

Wala man gud koy dako kaayo na 1 4 100

knowledge about ana

Kong knowledge sa investment kay gamay

ra man gyud na… ABM ko… nadiscuss na
hinuon pero… pero wala na dig pa og 1 4 102-103
maayo ba

Ang investment man gud.. daghan sya og

klase.. pero ang uban kay dili known sa
tanan ba.. 1 4 103-104

Kuan.. ang investment pareha sa akong ge

ingon… na… long term sya… mo taas
1 4 106-107
imong kwarta tungod sa interest…
 62

Interesado noon ko na makahibaw og 1 4 110

makasuway…

Ahhmm.. if mo invest man gud ka… naay

posibility ba.. na ang kwarta.. kwarta kay
mo taas sya ba.. nya needed gyud biya nato 1 4 114-115
ang kwarta..

Pero bag o ko mo suway kailangan..

kailangan pa gyud na makahibaw ko pag
1 4 115-116
maayo ba..

Kabaw gyud kom manage..Di noon ko 1 4 120

mahutdan..

Ang kwarta.. kailangan raman nimo bana- 1 4 120-121

banaon para masigo siya

Naabot.. pero if naabot sad sa panahon.. for

example per week man ang allowance..
naabot gyud na sa kinatumyan ang akong 1 4 123-124
kwarta mahurot na gyud na..

Usahay naa.. usahay wala.. 1 5 126

I butang ato akong savings ba… 1 5 129

Naa .. naa man gyuy time ba.. kanang 1 5 131

projects kay mag sunod.. bayranan

Oh.. igo-igo ragyud.. na.. maka bana2 ko 1 5 134

ba..

Kay dili man gud nato ma predict ang 1 5 136

kanang.. panahon ba

Mahadlok ko mo enter oi.. 1 5 139

Oh tungod gyud anang scam-scam karon..

parehas sa akong ge ingon ganiha.. dapat
pako makahibaw bag-o ko mo enter ba 1 5 141-142

Oh.. gamay ko og risk intawn 1 5 144

Tungod man gud na dili ko ganahan na ma

 63

sayop ko.. na mailad ko.. risky naman 1 5 146-147

gud.. labaw na karong mga panahuna

Significant Statements Transcript Page No. Line No.

No.

Murag mahurot man akong kwarta 2 1 21

Kanang ge discuss man ni sa among

maestra (laughing) naa koy background
gamay-gamay 2 1 26-27

Kanang.. simple.. kanang mo invest ka sa

usa ka company kay murag ni trust ka nila
2 2 34-35
na didto ka nihatag sa imong money for
your future

ahmmm… sa investment man gud.. kanang

needed gyud sya og dako na money ba..
para mas dako imong kwarta.. 2 2 39-40

Ang savings kay ma kuhakuhaan nimo.. 2 2 42-44

Basin kanus-a ba.. bsin kanus a nimo
ganahan kuhaan.

Mag… invest …kay mas dako.. dako ang 2 2 46-48

imong makuha.. kwarta ba.. niya safe ka

Safe raka.. safe if sure ka.. sa imong ge 2 2 50

sudlan ba

Ang investment kay murag ni invest ka og

dako then motubo sad siya og dako mura
sad syag… mao mutubo siya og dako kay
murag apil man ka sanag nagparun sa 2 2 54-57
kuan..murag usa naka sa cooperative then
tapos ang savings mo tubo siya pero
gamay na..

Wala man.. naa koy savings sa usa ka 2 2 62

cooperative pero wala koy investment..

Gamay rasad noon ang tubo.. centavos ra

ba.. tighatagan mi og basig pila ra.. every
 64

month ba.. tag 50.. usahay tag 20.. ingon 2 2 65-66

ana ra gud

Wala man gyud koy… koy idea ana… nga 2 3 69

unsa pa ang lain na investment type

Mas more on ko .. murag kuan guro.. 2 3 71

business..

Business lang guro ko.. kay sauna.. katong

bata pami nakasugod man sad mi og
business ba.. maninda og softdrinks ba…
niya naa nakoy experience ana.. nya dili 2 3
sad sya kaayo risky kay ako may mag
gunit sa akong kwarta… 73-75

Ahmm… ikaw man gud ang mag 2 3 77-78

manaage.. kabalo ka ba.. kabalo ka na
unsay nahitabo sa imong kwarta.. asa sya
padulong ba

Usahay ma feel nakoo na murag kuan.. naa 2 3 85-86

man gyud nang hadlok.. di man gyud na
mawala

Ohh! Labaw n naa namay.. scam.. karon..

grabe na kaayo ba.. niya mangilad na tao..
2 3 88-89
lisod man labi na karon.. karong panahona

Ohh!.. kanang if sure na gyud ko.. nganong 2 3 91

di man ba..

Para mo tubo sad akong kwarta in the

future.. para magamit nako ang ni tubo na
kwarta ba.. 2 3 93-94

Ohh! Mas safe man gyud if iinvest nimo sa 2 3 97

kang…. SAKTO na investment ba..

Kay if naa nimo gud.. mahurot lang ba.. 2 98

walay padulngan..

Dili kay all.. 2 3 100

 65

Ahhmm.. kay even sure naka.. naa man

gyud nang times.. kanang di ma predict ba
2 4 102-103
sa panahon..

I save…tungod.. ahmm.. sa savings man 2 4 105-108

ba.. dugay naman mi ato na cooperative
gud.. sure nako ba..

Willing kay knowledge na gud na.. 2 4 113

Dili (thinking).. ko.. ganahan.. 2 4 115

Willing ko pero… Ga duha-duha ko.. 2 4 117

Kapoy man gyud sya.. kapoy man gud na.. 2 4 121 & 124
daghan na kaayo ba..Naa gyud na tanan
nga kapoy…

Usahay naay days na mahappy ka about 2 4 124-125

ana unsa nga invest..

Gamay pa 2 4 129

Kuan… akong knowledge… kato rang ge 2 4 133-134

review sa among maestra ba.. katong about
sa investment.. about atong.. business ba..

Tungod man gud na nga wala gyud na… 2 5 140

ge focus ba.. ge focusan o tudlo..

Gamay ra..40 percent ra guro…. akong 2 5 144-146

interest ba..

30 ra sad akong knowledge.. gamay gyud 2 5 148

kaayo

Tungod man na nga… even,.. even di ko 2 5 150-153

knowledgeable.. curios biya.. ganahan ko
mo invest.. Pero….ohh walay knowledge..

Kabaw (Confident smile) ko mo gunit og 2 5 156

kwarta.. gamit sad (laughing

Di man sad ko mahutdan. 2 5 158

 66

Gamay naay mahibilin.. sa allowance.. 2 5 160

Kuan.. Gamiton (laughing) para palit 2 5 162

pagkaon (shy)

Laughing so hard.. Dili ko ka save.. sige 2 5 164

ba.. labi na gutom kaayo..

Naay times nga sakto.. naay say times nga 2 5 167

kuwang.. akong allowances

Wala man ta kabalo sa day.. basin naa koy 2 6 169

daghan na bayronon..

Kailangan ako pa siya mahibaw-an.. bag o 2 6 174

ko.. mo sugal ba..

Ohh! Gamay kaayo ko og risk.. labi na 2 6 176

wala kaayo koy.. kuan.. nahibaw an ba..

Significant Statements Transcript Page No. Line No.

No.

Allowance 500.. only 400 of it will be 3 1 13-14

used.. in my.. expenses like foods and
school supplies.. and 100 I will put it as a
savings..

Investing is like.. like you are saving your 3 1 16

money with a reason

You success.. it will be going to.. make 3 1 17-18

you much richer..

Saving is the best way to save.. it is a win-

win situation for you to have an income
sooner 3 1 20-21

If you love to gain more and more thats 3 1 21-22

why you come to invest

Savings is for savings for tomorrow.. but

investing your life to make you more
successful. 3 1 24-25
 67

Ahh.. speaking of investment I invested at

Net Crime.. Ahh.. it is a Digital company..
3 1 28-29
it is a currency online like GCASH..

That would be great! Especially when you

invested in a known project.. and you
know that its going to bloomed into 3 1 31-33
something that would be successful before
you invest.

First you must research research and 3 1 33

research…

Because you know today.. ahh.. we know

millenials today .. always use cellphone no
3 2 36-37
matter where they go..

That would be great! And ahhmm and I 3 2 45-47

recomment it to all.. teens.. to be educated
in investment especially now.. mellinials
today.. most of the time they don’t know
whats the real value of..

I think.. you only have to do is to.. what I 3 2 51-52

tell you lately.. search

Don’t be so aggressive.. don’t be so 3 2 52-53

aggressive.. don’t let you rush things.. just
like be patient and go with the flow..

Interested in investment.. for me.. ahh.. I 3 2 55-56

really have to invest money.. because it
will give me an extra income

I don’t think if I wok tomorrow and 3 2 56-59

someday my money will just .. go..
ahmm… you know.. most of the time we
expense.. more expenses in our life.. so
many expenses and we should have
savings.. not just savings but invest.. yeah..

I am so illiterate financially and then 3 2 61-64

suddenly I want to buy it and I just.. I just
 68

realize that I need to do in my life without

leaving my hobbies behind.. and thats why
I came up with to this ahmm.. I invested in
a.. suitable to me..

And I manage it too keep.. just 100 as a 3 2-3 67-68

savings and I deposited it to my account
in…

You know we are not perfect in life and.. 3 3 80-82

we have so many failures.. if you fail.. try
again.. if you fail try again but you know
me learn about our mistake.. there is a
risk.. you know.. I invested.. I fail for the
first time..

Yeah! Just search.. research and don’t trust 3 3 87-88

anyone.. yeah.. don’t trust anyone.. you
just trust yourself..

Significant Statements Transcript Page No. Line No.

No.

Mulapas sya.. 4 1 24

Akong nahibaw an is kuani-rolling ang 4 1 32

money para mas mudako sya

Sa savings if mag save man gud ka is dira 4 2 34-35

rajud na imong kwarta kumbaga for
example 5,000 dira ra jud na

If kung sa bangko nimo ibutang gamay 4 2 35-36

raman Interest ana gud

Kuan investment kumbaga ni, risk ka nga,

ni risk ka nga kanang imong savings ba I-
invest siya para atleast magkadako gani
siya…then ..Saving same ra kumbaga ma 4 2 41-44
stagnant ra siya kay mao raman ang imong
na save

Oh mas better nga mo invest nalang ka 4 2 46

 69

Akong ge -apilan karon is kuan multi-level 4 2 51

marketing compan

Ohh.. investment biya.. ma pun an.. pun an 4 2 58-59

ang unsa nga naa ka ba… IT CAN
CHANGE YOUR LIFE..

Kuan Challenging siya kay need jud nimo 4 2 61

I work out

Lingaw…Tungod sa amoa ba… maka

meet man gud ko og laing taw ba… nya
madagdagan pa akong kwarta.. 4 2 63-64

Wala lang trip lang 4 2 66

Ohh nalaingaw raman sad ko kay, wala 4 3 68-69

lang, nalingaw pud kos invironment kung
unsa akong ge apilan nga business.

Kauan malipay rako atleast madagdagan 4 3 76

imong knowledge

Oh yes! 4 3 79

Pero mas maayo man gud if na-experience

na nimo kay experience is mas makat-on
man jud ka gud kaysa sa mga studies karon 4 3 81-82

Actually gamay ra 4 3 85

Akong knowledge kay naka unan nako..

mas pa.. didto sa akong business nga ge
4 3 89-90
apilan ba.. na investing is one… one of the
factor to be.. better ba..

Oo.. willing ko na mapun an pa ang akong 4 3 92

knowledge..

Kuan 100% ko nga interesado mo invest 4 3 94

Tungod gusto pako makat on.. gusto ko 4 3 97

mapun an kung unsa ang naa nako ba..
 70

Oo… kabalo noon ko mo gunit og kwarta.. 4 3 99

Tungod na practice naman na nako sa 4 4 101-102

karon… labi na na nisulod ko ani nga
investment

Kuan sakto raman siya.. 4 4 105

Pero di man gud ko tagaan sa akong 4 4 106

ginikanan mao naningkamot sad ko

Sa parents.. isave rato nako 4 4 109

Sobra gani (laughing)hahaha… sobra man 4 4 117-119

akong allowance..Oh if I-apil pa ang akong
income saq business

Para nako gamay ra 4 4 123

Wala, kay businessman man ka business

woman dapat man gyud ka mo risk. Risk
taker biya sila dapat, dapat dika mahadlok
kay way negosyante mga negative ang ge 4 4 131-133
set diba positive gyud na.

Significant Statements Transcript Page No. Line No.

No.

Pwede rsad magpadako, dira sad ka 5 2 32-33

mohatag sa imong kwarta kung unsaon
nimo basi sa imong gi ingon nga
"pagpadako"

Pag handle nimo sa imong adlaw adlaw 5 2 37-40

tapos unsaon na nimo pag save..Oh pag
bana bana sa imong pag gasto

Pwede rsad peru murag naa silay 5 2 45

connection

Ang savings is murag ge save jud nimo

imong kwarta. While sa investment
murag..Oh ga save ka pru imong.... Imo 5 2 45-50
sad gipadako ang imong investment nimo
 71

Pwedi rasad nga mas better ang investment 5 2 54-55

pero kay bata paman gud so savings pa
madali dali.

Wala pa 5 2 57

Pwede rsad mag invest ko sa usa ka 5 2 62

business

Naa, kay connected rman sad akong kurso 5 3 74

nga kuhaon para sa among business

Oh kay.. Kaylangan.. Kay ganhan man kay 5 3 78-79

ko mo tabang sa akong mama gud, so
needed jud sya bata palang ko nag plano
nsad kos akung kuan…

Feel nako kanang kuan ko.. Kanang secure 5 3 81-83

ko ..Ohhh.. sa money nako

Pwede ramn sad pero ma hog syag savings 5 3 88-89

na kay invest is invest. So feel jud nako
nga kailangan jud nako e invest pra wala
na gani koy hunahunaon

Kanang ma secure nako siya or something 5 3 91

ba

Oh okay ra! 5 3 93

As a subject? Ahmmm.... Ambot lang 5 4 95-96

murag daghan naman gud kay tag mga
subjects gud nya

Oh pwede rasad, maminaw lang ko nila. 5 4 101

Kung oh.... Kung tinuod ba nga dili scam 5 4 103

ilang gipanulti.

Ohh kay Gas bya ko nya naa mi subject in 5 4 110-11

terms handling money bali naa rasad koy
nasabtan about investment

Pwede pa mosaka, kung interesado jud kay 5 4 115

 72

ko mo kuan...

interesado man .. pero murag dipa 5 4 118-121

karon..kuwang paman gyud akong
knowledge ba..

Yes, kay bata palang ko murag gi kuan 5 5 125

naman kos akong mama gud

Naay times nga masakto siya, naa sad 5 5 130-134

times nga mosobra…ahmm... Naa sad na
makuwangan..pero kuan lang.Less ra sya.

Ayyy.. Dili man kay ko ingon nga risk 5 5 138

taker jud.

Ako, kay mag tan awn sa nako ang

situation ba ...Ohh like di bako ma scam or
ilad …Bag o ka mo risk.. .Depende sad 5 5 140-146

Kuung safe ba or dili

Ohhh like kung ganahan kos investment 5 5 150

willing gyud ko mo risk

Significant Statements Transcript Page No. Line No.

No.

So, para nako akong nakat onan sa 6 1 24

investnent

Sa investnent mao na syay kanang mura 6 1 24-26

ganig imong gi kuan sa usa ka... For
example kanang nag kuan ka sa its either
sa banko or dili mo.... Duha man na ka
kuan sa banko or ddto sa usa ka business
or a company

Gamay raman gud akong knowledge ba.. 6 1 30-31

Ohhh ohhh.. Ka familiar noon ko.. Kay 6 2 33-34

mao man na ang murag na storya storyaan
ba..

Sa akong kuan kanang gani imong kanang 6 2 36-37

 73

extra money nimo imong gi keep.

Ay para nako preha preha naman ang 6 2 42

savings ug investment

Ang investment man gud kay more on.. 6 2 46-48

Kuan siya.. Business.. Banks.. Kanang ing
ana ba.. Niya di na nimo mahilabtan ba..
Niya ang savings.. Kuan.. Pwedeng ikaw
ra ang mag gunit ba.. Naa rana nimo kung
ganahan ka na kuhaan or dili..

Wala…wala pakoy kwarta gyud ba.. 6 2 50-52

So kung gnhan ko. . Mas gnhan ko kanang 6 2 55-60

mga bigger gani siya nga kanang....Oo .
Company ba.. Na nag offer sad og dako..
Og return.. Og kanang .. Ohh.. Interest ba..

Kanang.. MahaDlok ba.. Kay dapat usa ko 6 3 64-65

mo invest, siguruduon sad jud nako

ohh.. Kanang secure ko ba. Sa kuan.. 6 3 67

Akong ge apilan..

Feel lang nako kay basta mo invest naa 6 3 69-71

gud ka kay murag naa sad gani kay
madawat na interest so di lang kay ingnon
nga gahatag ka nila kung dili sa imomg
paghatag naa sad kay makuha mabawi nya
higher sa imong gihatag.

Kuan kaayo. Feel nako lucky kaayo ko kay 6 3 74-75

di sad jud baya ingnon nga naa jud tay
knowledge about ana.

Nindot kaayo mao gud nay kuan nurag 6 3 77-78

mao sad biya nay kuan nato sa pilipinas
murag kita gani ....

I pirme lang ta magpagawas ug kwarta 6 3 80-83

wothout knowing nga kato diay ay sobra
na sa imong kwarta nya naa pa diay kay
kinahanhlanon na sunod...Ohhh. Dagahn
 74

pa.. Ang palitunon ba..

Taas pero dili gyud sya totally.. 6 3 93

Tungod man gud na nga ang uban ba.. 6 4 95-96

Kanang.. Ge discuss.. Familiar ba. Pero di
man.. Di man gyud totally ba..

Investment? Ahmmmv100% sad kay 100 6 4 100-102

pd sa business..tungod man gud na...
Ganahan gyud ko.. Og ingon ana ba..
Business..

As what we said gnina as in gastadora jd 6 4 107

kaayo ko (laughing)

Oo, dli jud siya kaigo..ohh.. Dili gyud na 6 4 109-111

ma bana- bana..

Magsalig ko ba.. Na naa koy ma 6 4 113-116

pangayuan.. kay kanang bata pata pa raba
ta kay naa man tay parents. So, mag salig
gyd ta ana nila

Dili taas, sakto lang na mo risk ko 6 4 118

Ohhh… mahadlok .. Labi na wala ka 6 4 121

kibaw

ohh kay .. Daghan naman gyud og kuan.. 6 5 125

Kanang ingon ana ba..

Mga 80 ra akong risk gyud.. Di sya taas .. 6 5 127

Pero di sad mobo..

Significant Statements Transcript Page No. Line No.

No.

Gamay 7 1 23

Akong nahibaw an sa investment kay mo 7 1 26-30

kuan ka mo murag ikuan nimo imong
money sa kuan ba imo banang ikuan run
mura ganing ipatuyok imong kwarta
kanang ihatag imong kwarta dha nga unsa
 75

bana bank bana run sample bank imong

ihatag dra naa gud nay ila manang ihatag
sa mga negosyante ba ila manang ipa loan
ba dha mutuyok na imong kwarta naa na
silay naa nay interest

Igka balik ana ang kwarta dili raky ang 7 2 30-33

kwarta ngaimong gisud mao ra ang
mabalik nimo naa toy interest mudakoang
kwarta nga imong gikuan

Kuan ang savings para nako kay kuan 7 2 34-35

kanang makuha gani nimo kung naa kay
kung kinahanglan ingun ana

Kay usahay mag save raman na sa kuan 7 2 37-38

gud.. Self lang ba.. Niya naa say bank..
Pero.. If savings.. Makakuha raman.. Ka..
As long as.. Naa kay kwarta pa..

Ang savings kung mag savings raka kay 7 2 42-47

murag kanang dali ra gani kaayu mahurot.
Then kung ang Investment ba kay mutubo
imong kwarta ba imong kuhaan naa pay
porsyento nga naa pay mubalik ba mura
pag mubalik imong kwarta nga kadtung
imong gikuan..Oo di mo tubo if savings

Wala..Investment nga dako og kuan, rate 7 2 49-51

sa interest

Dependi ra kung kuan kaya imong gi 7 2 61-62

invest kay dili ka scamon ba ingun ana ba
nindot ang kuan ba...

Oh safe, safe ka sa investment, 7 2 64

so nindot kayna sa imohang feeling kay 7 2 64-65

mudako man imohang kwarta

Ma secure ka secure sa investment.. 7 2 67

Kay kung imo ranang gastoon diman gud 7 3 70-73

ka madato. Ingun ana gud kung imong
 76

mindset ra ba kay kuan kung naa kay na

kay kwarta gasto dapat kung naa kay
kwarta kay I invest na nimo kay kuan
mudako imong kwarta nya ma use nimo
kuanh example magtukod bakag business
run ingun ana ba

Oh mas nindot ang investment kaysa mag 7 3 75

save jud

ma feel nako kay.. lucky kaayo ko na.. 7 3 80-81

mapun an ba.. akong knowledge.. about
ana.. ma feel na mas taas akong
knowledge..

Kuan imong kuan imong money dayun naa 7 3 84-86

nay interest nya naay kuan ma nay interest
naa kay ma get ba more that sa money nga
imong gi invest ba, kana more than sa
money nga imong nahatag

Wala kaayu koy nahibaw an.. Anang mga 7 3 88

investment gyud ba..

ohh... Mulang.. ganahan gyud ko mapun an 7 3 90

Interesado kayko kung naa pakoy dako kay 7 3 95-97

nga kwarta interesado kayko ana nga
investment kay naa man koy knowledge
gamay nga mubalik jud na nimo imong
kwarta nga gi invest ba mudako pa sa
kwarta nga imong gihatag

(laughing) kabaw raman ko. Mo gunit og 7 3 103

kwarta ba..

kay wala man gyud naabot sa time ba.. 7 4 103-104

kana ganing.. mahutdan ko og kwarta..
sakto ra gyud..

Equal. Equal (laughing) raman sad akong 7 4 106

allowances and expenses gyud ba..
 77

Mo take risk para kuan ma kung ibutang 7 4 114

nako sa percent mga 90

kuan.. Mas taas man gyud ko og risk.. Kay 7 4 118

kailangan man sad sya

Significant Statement Transcript Page No. Line No.

No.

Para nako, investment kay kanang 8 1 27-29

pagpadako sa kwarta for example ni invest
ka sa imong kwarta sa usa ka banko pero
pagdako sa imong kwarta kay mag
depende sa imong banko nga imong gi
inbesan sa imong kwarta

Wala.. wa man koy company na nahibaw 8 2 33

an

Yes familiar ko sa mgta bangko nga ni 8 2 35

invest.

Maam, para nako maam, ang savings kay 8 2 38-40

for example naa kay ebutang lang nato
bag, niya ganahan kay ka paliton. So imo
siyang gitiguman para sooner or later imo
na siyang mapalit. Mao rana akong
pagsabot sa savings.

Para nako ang investment mao na sya ang 8 2 45-48

long term kay mag tubo man imong kwarta
like sa akong gi ingon nila kanang like naa
jud kay makuha bisag kanos a then ang
savings kay mao na sya ang short term kay
stable rman imong kwarta kung pila imong
gi save, mao rapod imonng makuha.

Wala raba 8 2 50

Naa gatigom ko 8 2 52

Wala ra, like akong gisulti ganina, kung 8 2 54

naa koy ganahan paliton naa koy makuot.

Banko ko mo invest 8 2 56

Ohh. May nalangsa bangko akong kwarta 8 2 58

magtubo
 78

Willing kaayo ko mo invest. 8 2 60

Secure ko kay nisalig man ko nga mo 8 3 64

invest ko.

Ay di diay. Before ko mo invest, ako man 8 3 66

jud siguruduon kung safe na sya nga
banko.

Wala man ko mo ingon nga mo invest ko 8 3 69

karon, puhon.

Willing ko, may nalang makabaw ko unsay 8 3 71-72

advantages ug disadvantages sa pag invest
sa kwarta

Ang investment? kung ako lang pangutan 8 3 75-76

on, dili sad nga mo ingon ko nga dili, kay
pra nako pwede rsad. Most baya sa mga
taw ron kay nag invest sa ilang nga kwarta.

Ohhh ganahan sad ko mo invest 8 3 78

Di pud ko sure. Basta kay bana bana nako 8 3 89

90 akong knowledge

Hmmmm 90, 10% doubt nana sya 8 3 93

Yes willing gyud ko 8 4 95

Para nako kay oh. Kabaw man ko mo tipid 8 4 101

kay kbaw ko mo save, tigom pra mapalit
nako ang ganahan nga butang.

Oh maigo ra diay 8 4 104

Mas mo tigom 8 4 106

If given a chance… mo invest ko 8 4 109

Syempre mahadlok jud ka diba… 8 4 115

Uso na baya mga scam scam ron 8 4 117

half half 8 4 122

oo, Kay ako raman pud akong kaugalingon 8 5 126

ga save

Self savings 8 5 128

 79

Significant Statement Transcript Page no. Line no.

no.

Imong i invest imong money sa isa ka 9 1 28

business

oo 9 1 30

savings... sa investment kay imong money 9 2 32

man gud once nimo i save is mas mo
tuyok pa or mudako pa imong makwarta
compare sa savings nga stable ra gyud siya
kung unsa imong gi kuan?

so, so para nako is ang investment gani is 9 2 37-42

mas preferrable siya compare sa mag save
ka kay kung kadto lagi kung mag invest ka
kay mas bigger imong chance or
oppurtunity para mas mudako pa ang
money ang kwarta nimo. Kay unlike sa
savings nga dili, mura rag wala imong
money kay imo raman siyang gi save kung
unsa imong gibutang kay mao raman siya,
nya kung magsalig sad kas interest rate sa
isa ka bangko kay gamay sad gamay rasad
kay siya

yes mas prefer ang investment than 9 2 44

savings

No 9 2 51

wala pasad 9 2 53

Bank investment man sguro..mas nindot 9 2 58

oo, dako man makuha nato ana 9 2 60

Ohh safe pru Naa koy naay part nga 9 3 67-68

makuyawan ka kay dika ka sure sa
company or sa business nga imong gi…

oo, peru mas prefer jud if ilado nga bank 9 3 70

imong investsan

para mas mo grow bigger pa ang 9 3 73

kuan…oo.. kwarta nako

Oo mas nindot jud mo invest 9 3 77

 80

Para mas mo bigger pajud imong gibutang 9 3 79

nga money sa usa ka bank

oh, kay wala paman ko ka kitag 9 3 81-82

oppurtunity nga pwedi nako ma invest
akong money.

oo 9 3 84

Mas maayo siya para mas mapa, naa 9 3 86-88

pakoy makat unan, madaghan pa akong
knowledge dayun mas nakabaw pako
unsay ang advantages og mga benefits sa
kung mo invest ka

Oh, willing kaayu ko ma educate 9 3 90

Yes (smile).. mao nang rason maong 9 4 98

ganahan ko ma educate

Oo ganahan jud ko magkuan mag invest 9 4 101

oo, if ganahan jud ta mo invest naa pd 9 4 103-104

baya tay kahadlok ana gamay labi na dili
known nga bank imong gi interan

naay time nga dili ko kahibaw mo budget 9 4 108

sa akong money kay gasto kay gasto lang

Oo.. di ko mag think na naa pay mabilin, 9 4 110-111

nya Napa diay ugma, napa diay mas
importante nga butang nga kailangan
gastoan sa money

mangayo balik 9 4 114

Yes kay dili man ko mangayo kung naay 9 4 117

mga school projects, amotan ing-ana

Oh sa tanan 9 4 119

kung sa akong allowance kay wala koy ma 9 4 121-122

save pero naa man koy kuan kuan
weekend allowance

Not necessarily, panagsa lang kay usahay 9 5 124-125

rapud baya ang mga bayronon sa
skwelahan995
 81

Oh mahadlok kung wa pajud tay 9 5 130

background sa usa ka bank

Significant Statement Transcript Page no. Line no.

no.

Investment... Ahmm imo siyang... ang 10 1 21-22

Investment kay mo engage ka ana if
ganahan ka nga naay makuha something
out from your money
while savings kay it’s a short term in 10 1 24-25
which there is no need, wala siyay needed
nga process in order for you to have, to
save money
Ahmm ang difference nila for investment 10 1 27-29
kay long term siya in which mas mo doble
pa sad imong money while ang savings
kay short term siya pero stagnant ra imong
money dili siya mo doble.
Wala raba 10 1 31
wala paman gyud koy knowledge ani ba.. 10 2 33
di pa sure
ohh.. mao hadlok sya 10 2 35
kuan.. I invest sya sa usa ka business ba.. 10 2 37

ohh kanang ilado ba na business 10 2 39

I.. invest nako ba sa business para mo taas 10 2 41-42
ang value niya.. pero.. kana sang business
na dako.. dako ang interest.. ingon ana ba..
Ma happy ko kay akong i invest akong 10 2 44
money kay mudako man siya
i will feel glad 10 2 48
Alangan kay ma pun’an man akong 10 2 52-53
knowledge about investment ug unsa sd
iyang disadvantages ug advantages ana
hmmmm... nindot sya makat unan at the 10 2 55
same time kapoy sad pero okay ra.
yes. I am willing to be educated.. 10 2 57
Oh gamay, ing ana jd na kay di paman 10 2 62
fully knowledgeable
yes, mas nindot nga mo invest nalang ka 10 3 70

Yes, interesado ko sa investment because 10 3 72-76

dili ang akong money kay dili ra siya
stagnant kaysa savings nga if mag save
 82

raka kay kung pila ra imuhang gi hug

dayun wala ra siyay changes igo raka siya
magkapatong patong
yes, kbalo jud ko sa akong allowances mo 10 3 79
dala
kuan sakto ra.. kanang dili sya grabe ka 10 3 84-86
sobra.. di sad sya mahurot
Sa investment? Oh, gamay kog risk kay 10 3 92-93
wala pakoy full backgorund sa usa ka
lugar nga akong invest’san
Sa savings? taas rakog risk, kay mas kaila 10 4 95-96
man ko sa akong gi save’van or kaila rami
like friends, or classmates

Table 3: Formulating Meanings

Significant Statements Formulated Meanings

Oh.. pero… gamay rasad akong Teens only have a small understanding
nasabtan.. (Transcript 1, Page 1, Line about savings and investment.
10)

Mahurot gyud sya kay mahal man ang The allowances given will all be spent due
tinda..(Transcript 1, Page 1, Line 30) to high prices.

Naa! .. Piso …(Transcript 1, Page 2, Teen can only save a small portion of the
Line 32) allowance.

Murag wala man gyud koy idea anang Saving is known than investment.
investment.. murag savings raman
gyud…(Transcript 1, Page 2, Line 39)

ahmmm. Kuan.. para nako sa, ang Investment has a long process.
investment kay taas-taas syang process
(Transcript 1, Page 2, Line 41)

Bag o mo taas imong kwarta.. di na nimo Money will grow in an investment without
mahilabtan ba.. pwede ra di nimo pun withdrawal.
an.. ing ana ba (Transcript 1, Page 2,
Line 41-42)

Sa savings mura kag.. murag ng save ka Saving is an act of keeping money for the
 83

og money paras imong future future.

ba…(Transcript 1, Page 2, Line 44-45)

Ang savings man gud kay mo taas sya if The increase in amount has a different way
imo dunghagan sad.. while ang in investment and saving.
investment.. mo taas sya.. pero di naka
kailangan sige og puno og
kwarta..(Transcript 1, Page 2, Line 47-
48)

Ang investment kay mura rasad sya og Investment and savings has a similarities.
savings (Transcript 1, Page 2, Line 52)

Investment murag nagkasaka imong Investment is a long term process while

kwarta ana.. in a long term manner… the saved money increase in small interest.
nya ang saving kay if imong kuhaan mo
gamay sad ang tubo ba.. magdepende ..
sa interest (Transcript 1, Page 2, Line
53-55)

Ang savings kay.. kanang imo syang gi The reason to save is to buy the needs of
tigom ba kay bsin naa kay paliton or an individual.
kinahanglanon (Transcript 1, Page 2,
Line 59-60)

Sa savings man gud pwede nimo Saving is a matter of choice in

makuhaan kanus a ka ganahan withdrawing.
(Transcript 1, Page 3, Line 60)

Savings..Didto ra gehapon.. sa among Saving is very convenient and easy to

room .. sa among skwelahan ba kay.. students.
classmate ra gani namo kong unsay
masobra sa bawn mao nalay isave..
(Transcript 1, Page 3, Line 63-66)

Nasabutan man na ang interest kay Saving can be the source to enjoy in the
ikaligo namong barkadaha sa dagat ba… future.
(Transcript 1, Page 3, Line 73)

Para nako dili secure.. murag dili ko Being secure and safe from scammer stop
katuo ba kay naa naman guy mga the mindset of teens to invest.
scammer (Transcript 1, Page 3, Line 76-
 84

77)

Mo invest ko kay… para naa sad koy.. Investing is helpful to pay the expenses in
kanang… sa sa sunod na panahon niya the future especially in today’s generation
kanang mangihanlan tag kwarta diba dili that situation can arise.
man ta katag-an sa atong panahon na
mahutdan man gyud tag kwarta.. pwede
didto nalang ta mukuha sa katong kwarta
kong mahutdan gyud ta (Transcript 1,
Page 3, Line 80-83)

Maminaw.. maminaw og tarong Listening in the investment education if it

(Transcript 1, Page 3, Line 86) is available.

Murag para nako secure naka nga When knowledge arises a teen will feel
kanang.. murag malipay sad ta kay ing - secured to invest.
ana naa sad tay matiguman…(Transcript
1, Page 3, Line 88-89)

Mo invest.. pero kung naay kwarta Money is a factor tha hinders teens to
(Transcript 1, Page 3, Line 91) invest.

Ang2.. di man gud ka ka invest kung Investing needs a big sum of money.
wala kay kwarta na dako2 gyud ba
(Transcript 1, Page 3, Line 93)

Wala man gud koy dako kaayo na Knowledge in investment of teens is not
knowledge about ana (Transcript 1, that big and limited.
Page 4, Line 100)

Kong knowledge sa investment kay Investment knowledge are discussed and

gamay ra man gyud na… ABM ko… familiarize by teens but limited.
nadiscuss na hinuon pero… pero wala na
dig pa og maayo ba (Transcript 1, Page
4, Line 102-103)

Ang investment man gud.. daghan sya Investment is not that known to teens
og klase.. pero ang uban kay dili known especially its alternatives.
sa tanan ba.. (Transcript 1, Page 4, Line
103-104)

Kuan.. ang investment pareha sa akong The money invested increases due to the
ge ingon… na… long term sya… mo interest given.
 85

taas imong kwarta tungod sa

interest…(Transcript 1, Page 4, Line
106-107)

Interesado noon ko na makahibaw og A large percent on knowing and trying

makasuway…(Transcript 1, Page 4, investment.
Line 110)

Ahhmm.. if mo invest man gud ka… The need in acquiring money is a reason to
naay posibility ba.. na ang kwarta.. teens to be interested in investment.
kwarta kay mo taas sya ba.. nya needed
gyud biya nato ang kwarta.. (Transcript
1, Page 4, Line 114-115)

Pero bag o ko mo suway kailangan.. Knowledge in investment hinders teens

kailangan pa gyud na makahibaw ko pag ability to try investing.
maayo ba..(Transcript 1, Page 4, Line
115-116)

Kabaw gyud kom manage..Di noon ko Teens knowing how to manage allowance
mahutdan..(Transcript 1, Page 4, Line will never lack of money.
120)

Ang kwarta.. kailangan raman nimo Money only needs balancing for it to be
bana-banaon para masigo enough.
siya(Transcript 1, Page 4, Line 120-121)

Naabot.. pero if naabot sad sa panahon.. The excess money depend to some
for example per week man ang situation happen.
allowance.. naabot gyud na sa
kinatumyan ang akong kwarta mahurot
na gyud na..(Transcript 1, Page 4, Line
123-124)

Significant Statements Formulated Meanings

Murag mahurot man akong kwarta The money is enough to the expenses per
(Transcript 2, Page 1, Line, 21) week.

Kanang ge discuss man ni sa among Background on investment is discussed to

maestra (laughing) naa koy background students.
gamay-gamay (Transcript 2, Page 1,
Line, 26-27)
 86

Kanang.. simple.. kanang mo invest ka Investment knowledge is about putting

sa usa ka company kay murag ni trust ka money in a trusted company for the future.
nila na didto ka nihatag sa imong money
for your future (Transcript 2, Page 2,
Line, 34-35)

ahmmm… sa investment man gud.. Before investing a big amount of money is

kanang needed gyud sya og dako na needed to have a greater return.
money ba.. para mas dako imong kwarta.
(Transcript 2, Page 2, Line, 39-40).

Ang savings kay ma kuhakuhaan nimo.. The saved money can be withdrawn
Basin kanus-a ba.. bsin kanus a nimo anytime the saver wants.
ganahan kuhaan. (Transcript 2, Page 2,
Line, 42-44)

Mag… invest …kay mas dako.. dako Investment gives a higher return and
ang imong makuha.. kwarta ba.. niya safety.
safe ka (Transcript 2, Page 2, Line,46-
48 )

Safe raka.. safe if sure ka.. sa imong ge Investment is safe if it is assured.

sudlan ba (Transcript 2, Page 2, Line
50 )

Ang investment kay murag ni invest ka Investing and saving increases but with
og dako then motubo sad siya og dako different amount and value of interest.
mura sad syag… mao mutubo siya og
dako kay murag apil man ka sanag
nagparun sa kuan..murag usa naka sa
cooperative then tapos ang savings mo
tubo siya pero gamay na.. (Transcript 2,
Page 2, Line 54-57 )

Wala man.. naa koy savings sa usa ka Savings is more convenient to teens.
cooperative pero wala koy investment..
(Transcript 2, Page 2, Line, 62)

Gamay rasad noon ang tubo.. centavos ra Savings has an interest but a smaller
ba.. tighatagan mi og basig pila ra.. every amount.
month ba.. tag 50.. usahay tag 20.. ingon
ana ra gud (Transcript 2, Page 2, Line,
 87

65-66)

Wala man gyud koy… koy idea ana… Investment alternatives are not known to
nga unsa pa ang lain na investment type teens.
(Transcript 2, Page 3, Line 69)

Mas more on ko .. murag kuan guro.. A business is much more familiar and
business.. (Transcript 2, Page 3, Line preferred type of investment.
71)

Business lang guro ko.. kay sauna.. Preferred investment type is chosen due to
katong bata pami nakasugod man sad mi having an experience on it.
og business ba.. maninda og softdrinks
ba… niya naa nakoy experience ana..
nya dili sad sya kaayo risky kay ako may
mag gunit sa akong kwarta…
(Transcript 2, Page 3, Line 73-75)

Ahmm… ikaw man gud ang mag Being in control of the happenings of
manaage.. kabalo ka ba.. kabalo ka na money is an important aspect in
unsay nahitabo sa imong kwarta.. asa sya investment.
padulong ba (Transcript 2, Page 3, Line
77-78)

Usahay ma feel nakoo na murag kuan.. Being afraid is one of the feelings of teens
naa man gyud nang hadlok.. di man gyud if they will engage in investment.
na mawala (Transcript 2, Page 3, Line
85-86 )

Ohh! Labaw n naa namay.. scam.. Scammed are the reason of teens to be
karon.. grabe na kaayo ba.. niya afraid in investment.
mangilad na tao.. lisod man labi na
karon.. karong panahona (Transcript 2,
Page 3, Line 88-89 )

Ohh!.. kanang if sure na gyud ko.. If it is assured and checked the teens
nganong di man ba..(Transcript 2, Page would probably willing to invest.
3, Line 91 )

Para mo tubo sad akong kwarta in the Teens invest to have an increased in
future.. para magamit nako ang ni tubo money in the future.
na kwarta ba.. (Transcript 2, Page 3,
 88

Line 93-95 )

Ohh! Mas safe man gyud if iinvest nimo Assured investment can secure the
sa kang…. SAKTO na investment ba.. finances of an individual.
(Transcript 2, Page 3, Line 97 )

Kay if naa nimo gud.. mahurot lang ba.. Self handling of money can be the reason
walay padulngan.. (Transcript 2, Page 3, for it to be not enough.
Line 98 )

Dili kay all.. (Transcript 2, Page 3, Line Trust is the reason why teens wont put
100) everything into investment.

Ahhmm.. kay even sure naka.. naa man Situations that are unpredictable can be the
gyud nang times.. kanang di ma predict reason on not investing all out.
ba sa panahon.. (Transcript 2, Page 4,
Line 102 -103)

I save…tungod.. ahmm.. sa savings man Savings for teens is much secure than
ba.. dugay naman mi ato na cooperative investing.
gud.. sure nako ba.. (Transcript 2, Page
4, Line 105-108 )

Willing kay knowledge na gud na.. Acquiring knowledge is an opportunity to

teens.
(Transcript 2, Page 4, Line 113)

Dili (thinking).. ko.. ganahan.. Acquiring knowledge about investment to

(Transcript 2, Page 4, Line 115 ) teens is not that important and liked.

Willing ko pero… Ga duha-duha ko.. Doubt hinders the willingness to acquire

(Transcript 2, Page 4, Line 117) the knowledge in investment.

Kapoy man gyud sya.. kapoy man gud Laziness stops the knowledge that can be
na.. daghan na kaayo ba..Naa gyud na acquired in investment education.
tanan nga kapoy… (Transcript 2, Page
4, Line )

Usahay naay days na mahappy ka about Acquiring knowledge in investment can

ana unsa nga invest.. (Transcript 2, Page provide happiness.
4, Line 121&124)

Gamay pa (Transcript 2, Page 4, Line Teens understand a little about investment.

129 )
 89

Kuan… akong knowledge… kato rang The knowledge acquired about investment
ge review sa among maestra ba.. katong is from the teachings of the educators.
about sa investment.. about atong..
business ba.. (Transcript 2, Page 4, Line
133-134 )

Tungod man gud na nga wala gyud na… Investment knowledge that is discussed is
ge focus ba.. ge focusan o tudlo.. limited.
(Transcript 2, Page 5, Line 140)

Gamay ra..40 percent ra guro…. akong Interest in investment is very little to a ten.
interest ba.. (Transcript 2, Page 5, Line
144-146)

30 ra sad akong knowledge.. gamay Knowledge in investment is limited and

gyud kaayo (Transcript 2, Page 5, Line not that big.
148)

Tungod man na nga… even,.. even di ko
knowledgeable.. curios biya.. ganahan
ko mo invest.. Pero….ohh walay
knowledge.. (Transcript 2, Page 5, Line
150-153)
Even with a little knowledge it didn’t stop
teens to be curios and interested in
investment.

Kabaw (Confident smile) ko mo gunit og The teens know the ways on handling
kwarta.. gamit sad (laughing) money in the correct manner.
(Transcript 2, Page 5, Line 156)

Di man sad ko mahutdan. (Transcript 2, Allowances is enough for the expenses.

Page 5, Line 158)

Gamay naay mahibilin.. sa allowance.. Excess in the allowances of teens is very

(Transcript 2, Page 5, Line 160) small.

Kuan.. Gamiton (laughing) para palit Excess money from the allowances will be
pagkaon (shy) (Transcript 2, Page 5, used in buying foods.
Line 162 )

Laughing so hard.. Dili ko ka save.. sige Because of the needs saving is very
ba.. labi na gutom kaayo.. (Transcript 2, impossible.
Page 5, Line 164)

Naay times nga sakto.. naay say times Allowances are spent diferently in
nga kuwang.. akong
 90

allowances(Transcript 2, Page 5, Line different situation.

167)

Wala man ta kabalo sa day.. basin naa Allowances are the source to pay school
koy daghan na bayronon.. (Transcript 2, expenses.
Page 6, Line 169)

Kailangan ako pa siya mahibaw-an.. bag Teens have the tendency to make
o ko.. mo sugal ba..(Transcript 2, Page everything sure before trying it.
6, Line 174)

Ohh! Gamay kaayo ko og risk.. labi na Teens have a small risk especially that the
wala kaayo koy.. kuan.. nahibaw an ba.. teens don’t really have enough knowledge.
(Transcript 2, Page 6, Line 176)

Significant Statements Formulated Meanings

Allowance 500.. only 400 of it will be Allowances are used to buy necessity and
used.. in my.. expenses like foods and the excess money will be saved.
school supplies.. and 100 I will put it as
a savings.. (Transcript 3,Page 1,Line 13-
14)

Investing is like.. like you are saving Investing is an act that involves money
your money with a reason.(Transcript with a certain reason.
3,Page 1,Line 16)

You success.. it will be going to.. make Investment can make someone successful.
you much richer..(Transcript 3,Page
1,Line 17-18)

Saving is the best way to save.. it is a Savings is a source to have a return in

win-win situation for you to have an hardships.
income sooner (Transcript 3,Page 1,Line
20-21)

If you love to gain more and more thats Investing happen if a person wants to have
why you come to invest(Transcript more return.
3,Page 1,Line 21-22)

Savings is for savings for tomorrow.. but Saving is for a day while investing is a
investing your life to make you more lifetime success.
successful.(Transcript 3,Page 1,Line 24-
 91

25)

Ahh.. speaking of investment I invested Teens mostly invest in an alternative that

at Net Crime.. Ahh.. it is a Digital is convenient to them especially in online
company.. it is a currency online like company.
GCASH..(Transcript 3,Page 1,Line 28-
29)

That would be great! Especially when Investing can make a teen feel successful
you invested in a known project.. and and satisfaction.
you know that its going to bloomed into
something that would be successful
before you invest.(Transcript 3,Page
1,Line 31-33)

First you must research research and Investment needs a great amount of
research…(Transcript 3,Page 1,Line 33) research.

Because you know today.. ahh.. we Teens should invest because investing can
know millenials today .. always use be a part of their hobby and beneficial to
cellphone no matter where they them.
go..(Transcript 3,Page 2,Line 36-37)

That would be great! And ahhmm and I Teens should know how to be educated in
recomment it to all.. teens.. to be invested for them to know the value of
educated in investment especially now.. money.
mellinials today.. most of the time they
don’t know whats the real value
of..(Transcript 3,Page 2,Line 45-47)

I think.. you only have to do is to.. what To acquire knowledge in investment

I tell you lately.. search (Transcript researching is very important.
3,Page 2,Line 51-52)

Don’t be so aggressive.. don’t be so In wanting to learn and invest, be sure to

aggressive.. don’t let you rush things.. know everything first and don’t make
just like be patient and go with the faulty decisions.
flow..(Transcript 3,Page 2,Line 52-53)

Interested in investment.. for me.. ahh.. I Gaining an income is the reason why teens
really have to invest money.. because it are interested to invest.
will give me an extra income (Transcript
 92

3,Page 2,Line 55-56)

I don’t think if I wok tomorrow and Investing is very helpful and things are not
someday my money will just .. go.. permanent in this world hat is the reason
ahmm… you know.. most of the time we for teens to be interested in investing.
expense.. more expenses in our life.. so
many expenses and we should have
savings.. not just savings but invest..
yeah..(Transcript 3,Page 2,Line 56-59)

I am so illiterate financially and then Experience and the want to achieve

suddenly I want to buy it and I just.. I something is a way to be a financially
just realize that I need to do in my life literate individual.
without leaving my hobbies behind.. and
thats why I came up with to this ahmm..
I invested in a.. suitable to
me..(Transcript 3,Page 2,Line 61-64)

And I manage it too keep.. just 100 as a From the allowances, teens can save a a
savings and I deposited it to my account small amount in the right balancing.
in…(Transcript 3,Page 2-3,Line 67-68)

You know we are not perfect in life and.. Don’t let failures stop a person to try and
we have so many failures.. if you fail.. risk in investment.
try again.. if you fail try again but you
know me learn about our mistake.. there
is a risk.. you know.. I invested.. I fail
for the first time..(Transcript 3,Page
3,Line 80-82)

Yeah! Just search.. research and don’t Investing needs researching and trusting
trust anyone.. yeah.. don’t trust anyone.. own ability.
you just trust yourself.. (Transcript
3,Page 2,Line 87-88)

Significant Statements Formulated Meanings

Mulapas sya.. (Transcript 4,Page 1,Line Expenses is more than the allowances
24) provided.

Akong nahibaw an is kuani-rolling ang Investing can make the value of money
money para mas mudako bigger.
 93

sya..(Transcript 4,Page 1,Line 32)

Sa savings if mag save man gud ka is In saving the money will remain stagnant.
dira rajud na imong kwarta kumbaga for
example 5,000 dira ra jud na..(Transcript
4,Page 2,Line 34-35)

If kung sa bangko nimo ibutang gamay Bank offers a savings but with a lesser
raman Interest ana gud..(Transcript interest.
4,Page 2,Line 35-36)

Kuan investment kumbaga ni, risk ka Investing happen next to saving because
nga, ni risk ka nga kanang imong the saved money will be the source to be
savings ba I-invest siya para atleast invested to have a higher return.
magkadako gani siya…then ..Saving
same ra kumbaga ma stagnant ra siya
kay mao raman ang imong na
save..(Transcript 4,Page 2,Line 41-44)

Oh mas better nga mo invest nalang It is better to have an investment.

ka(Transcript 4,Page 2,Line 46)

Akong ge -apilan karon is kuan multi- Some teens enter and invest in a company.
level marketing company..(Transcript
4,Page 2,Line 51)

Ohh.. investment biya.. ma pun an.. pun Investment can change life.
an ang unsa nga naa ka ba… IT CAN
CHANGE YOUR LIFE..(Transcript
4,Page 2,Line 58-59)

Kuan Challenging siya kay need jud Investing can make teens feel challenge.
nimo I work out ..(Transcript 4,Page
2,Line 61)

Lingaw…Tungod sa amoa ba… maka Investing can be a source to feel

meet man gud ko og laing taw ba… nya enjoyment because you can meet other
madagdagan pa akong people.
kwarta..(Transcript 4,Page 2,Line 63-64)

Wala lang trip lang..(Transcript 4,Page Sometimes teens invest because of no

2,Line 66) concrete reason.

Ohh nalingaw raman sad ko kay, wala Investment can be the source of enjoyment
 94

lang, nalingaw pud kos invironment and appreciation of the environment.

kung unsa akong ge apilan nga
business..(Transcript 4,Page 3,Line 68-
69)

Kauan malipay rako atleast madagdagan Being glad in acquiring new knowledge.
imong knowledge..(Transcript 4,Page
3,Line 76)

Oh yes!..(Transcript 4,Page 3,Line 79) Willingness to acquire knowledge.

Pero mas maayo man gud if na- Acquiring knowledge is better if it is

experience na nimo kay experience is experience than studying because
mas makat-on man jud ka gud kaysa sa experience is a great teacher.
mga studies karon..(Transcript 4,Page
3,Line 81-82)

Actually gamay ra..(Transcript 4,Page Knowledge in investment is little and

3,Line 85) limited.

Akong knowledge kay nakat unan nako..
mas pa.. didto sa akong business nga ge
apilan ba.. na investing is one… one of
the factor to be.. better ba..(Transcript
4,Page 3,Line 89-90)
The knowledge acquired through the
investment alternative experience is to be
better.

Oo.. willing ko na mapun an pa ang Teens are willing to add some knowledge
akong knowledge..(Transcript 4,Page about investment.
3,Line 92)

Kuan 100% ko nga interesado mo Being interested in investment is hundred

invest..(Transcript 4,Page 3,Line 94) percent.

Tungod gusto pako makat on.. gusto ko Because of wanting to acquire knowledge
mapun an kung unsa ang naa nako teens are interested in investing more.
ba..(Transcript 4,Page 3,Line 97)

Oo… kabalo noon ko mo gunit og A teen know how to manage and use
kwarta..(Transcript 4,Page 3,Line 99) money.

Tungod na practice naman na nako sa Managing and using money is practiced in

karon… labi na na nisulod ko ani nga investment.
investment(Transcript 4,Page 4,Line
 95

101-102)

Kuan sakto raman siya..(Transcript Allowances are given enough for living.
4,Page ,Line 105)

Pero di man gud ko tagaan sa akong Parents sometimes don’t give money that
ginikanan mao naningkamot sad is reason why teens need to find a way.
ko(Transcript 4,Page 4,Line 106)

Sa parents.. isave rato nako(Transcript Allowances given by parents is saved.

4,Page 4,Line 109)

Sobra gani (laughing)hahaha… sobra The return in the investment help for the
man akong allowance..Oh if I-apil pa daily allowance and expenses.
ang akong income saq
business(Transcript 4,Page 4,Line 117-
119)

Para nako gamay ra (Transcript 4,Page Teens are more on having a small amount
4,Line 123) of risk.

Wala, kay businessman man ka business A teen should be a positive thinker and
woman dapat man gyud ka mo risk. Risk able to risk for them to enter in an
taker biya sila dapat, dapat dika investment.
mahadlok kay way negosyante mga
negative ang ge set diba positive gyud
na.(Transcript 4,Page 4,Line 131-133)

Significant Statements Formulated Meanings

Pwede rsad magpadako, dira sad ka Investment is the way to increase and grow
mohatag sa imong kwarta kung unsaon the worth of money.
nimo basi sa imong gi ingon nga
"pagpadako" (Transcript 5,Page 2,Line
32-33)

Pag handle nimo sa imong adlaw adlaw Saving is handling and balancing everyday
tapos unsaon na nimo pag save..Oh pag allowances .
bana bana sa imong pag gasto(Transcript
5,Page 2,Line 37-40)

Pwede rsad peru murag naa silay Investment and saving has a slight
connection(Transcript 5,Page 2,Line 45) connection.

Ang savings is murag ge save jud nimo
imong kwarta. While sa investment
murag..Oh ga save ka pru imong.... Imo
sad gipadako ang imong investment
nimo(Transcript 5,Page 2,Line 45-50)
Pwedi rasad nga mas better ang
investment pero kay bata paman gud so
savings pa madali dali. (Transcript
5,Page 2,Line 54-55)
Wala pa(Transcript 5,Page 2,Line 57)
Pwede rsad mag invest ko sa usa ka
business(Transcript 5,Page 2,Line 62)
Naa, kay connected rman sad akong
kurso nga kuhaon para sa among
business(Transcript 5,Page 3,Line 74)
Oh kay.. Kaylangan.. Kay ganhan man
kay ko mo tabang sa akong mama gud,
so needed jud sya bata palang ko nag
plano nsad kos akung kuan…
(Transcript 5,Page 3,Line 78-79)
Feel nako kanang kuan ko.. Kanang
secure ko ..Ohhh.. sa money
nako(Transcript 5,Page 3,Line 81-83)
Pwede ramn sad pero ma hog syag
savings na kay invest is invest. So feel
jud nako nga kailangan jud nako e invest
pra wala na gani koy hunahunaon
(Transcript 5,Page 3,Line 88-89)
Kanang ma secure nako siya or
something ba (Transcript 5,Page 3,Line
91)
Oh okay ra! (Transcript 5,Page 3,Line
93)
As a subject? Ahmmm.... Ambot lang
96
Saving is just keeping an amount while
investment is keeping money but with a
purpose of increasing its worth.
Investment is better but as a teen savings is
more convenient.
Teens don’t have an investment yet.
Teens prefer to choose the business as an
investment alternative.
Business Investment is already planned.
Investment needed to be plan as early as
possible. to help parents.
Being secure in the finances can be feel in
investing.
Investment is better than savings to be
more secured financially.
Being secured financially is very important
that is the reason of teens on engaging in
investment.
Being educated in investment is accepted
by teens.
Having many subjects is the cause why the
 97

murag daghan naman gud kay tag mga teens will not accept to have investment
subjects gud nya (Transcript 5,Page subject.
4,Line 95-96)

Oh pwede rasad, maminaw lang ko Teens always listen to the opportunity on

nila.(Transcript 5,Page 4,Line 101) acquiring a learning.

Kung oh.... Kung tinuod ba nga dili scam Scam are the reason why information are
ilang gipanulti.(Transcript 5,Page 4,Line not accepted directly.
103)

Ohh kay Gas bya ko nya naa mi subject Investment is learned through studying and
in terms handling money bali naa rasad familiarization at school.
koy nasabtan about
investment(Transcript 5,Page 4,Line
110-111)

Pwede pa mosaka, kung interesado jud Being interested in investment depends to

kay ko mo kuan...(Transcript 5,Page the willingness to try in real scenario.
4,Line 115)

interesado man .. pero murag dipa Being interested in entering investment is

karon..kuwang paman gyud akong stopped by the knowledge of teens.
knowledge ba..(Transcript 5,Page 4,Line
118-121)

Yes, kay bata palang ko murag gi kuan Being financially literate depend on the
naman kos akong mama gud (Transcript training and experiences as a kid.
5,Page 5,Line 125)

Naay times nga masakto siya, naa sad Allowances and expenses are
times nga mosobra…ahmm... Naa sad na unpredictable to be estimated because of
makuwangan..pero kuan lang.Less ra different situation.
sya.(Transcript 5,Page 5,Line 130-134)

Ayyy.. Dili man kay ko ingon nga risk Teens are not that risk taker.
taker jud.(Transcript 5,Page 5,Line 138)

Ako, kay mag tan awn sa nako ang Before teens risk the need to be sure and
situation ba ...Ohh like di bako ma scam safe from scam is considered.
or ilad …Bag o ka mo risk.. .Depende
sad
Kuung safe ba or dili (Transcript 5,Page
 98

5,Line 140-146)

Ohhh like kung ganahan kos investment But the risk tolerance depends to the
willing gyud ko mo risk(Transcript interest felt in the type.
5,Page 5,Line 150)

Significant Statements Formulated Meanings

So, para nako akong nakat onan sa Investment knowledge are from what is
investnent (Transcript 6,Page 1,Line 24) learned from the teachings of educators.

Sa investnent mao na syay kanang mura Investment is about putting the money in a
ganig imong gi kuan sa usa ka... For bank or a company.
example kanang nag kuan ka sa its either
sa banko or dili mo.... Duha man na ka
kuan sa banko or ddto sa usa ka business
or a company(Transcript 6,Page 1,Line
24-26)

Gamay raman gud akong knowledge Investment knowledge are too little.
ba..(Transcript 6,Page 1,Line 30-31)

Ohhh ohhh.. Ka familiar noon ko.. Kay Investment are familiar because of
mao man na ang murag na storya different stories heard.
storyaan ba..(Transcript 6,Page 2,Line
33-34)

Sa akong kuan kanang gani imong Saving is about keeping the extra money.
kanang extra money nimo imong gi
keep. (Transcript 6,Page 2,Line 36-37)

Ay para nako preha preha naman ang Saving and investment are close to being
savings ug investment(Transcript 6,Page similar.
2,Line 42)

Ang investment man gud kay more on.. Investment is more on putting money
Kuan siya.. Business.. Banks.. Kanang either on bank or business while saving is
ing ana ba.. Niya di na nimo mahilabtan keeping money within self.
ba.. Niya ang savings.. Kuan.. Pwedeng
ikaw ra ang mag gunit ba.. Naa rana
nimo kung ganahan ka na kuhaan or
dili..(Transcript 6,Page 2,Line 46-48)

Wala…wala pakoy kwarta gyud Lacking of money is the reason of teens on

 99

ba..(Transcript 6,Page 2,Line 50-52) not trying to invest.

So kung gnhan ko. . Mas gnhan ko Teens prefer to enter in an investment type
kanang mga bigger gani siya nga with a higher interest and return.
kanang....Oo . Company ba.. Na nag
offer sad og dako.. Og return.. Og
kanang .. Ohh.. Interest ba..(Transcript
6,Page 2 ,Line 55-60)

Kanang.. MahaDlok ba.. Kay dapat usa Being afraid is a feeling felt when
ko mo invest, siguruduon sad jud nako investing money that is the reason why
(Transcript 6,Page 3,Line 64-65) being secured is very imporatnt.

ohh.. Kanang secure ko ba. Sa kuan.. Before entering unto a investment

Akong ge apilan..(Transcript 6,Page alternative, teens wants to be secured to
3,Line 67) avoid scam experiences.

Feel lang nako kay basta mo invest naa Teens invest to receive an amount higher
gud ka kay murag naa sad gani kay that what is given due to interest.i
madawat na interest so di lang kay
ingnon nga gahatag ka nila kung dili sa
imomg paghatag naa sad kay makuha
mabawi nya higher sa imong gihatag.
(Transcript 6,Page 3,Line 69-71)

Kuan kaayo. Feel nako lucky kaayo ko To be educated is an opportunity and luck
kay di sad jud baya ingnon nga naa jud in acquiring knowledge in investment.
tay knowledge about ana. (Transcript
6,Page 3,Line 74-75)

Nindot kaayo mao gud nay kuan nurag Education in investment is lacking in the
mao sad biya nay kuan nato sa pilipinas Philippines.
murag kita gani ....(Transcript 6,Page
3,Line 77-78)

I pirme lang ta magpagawas ug kwarta Lacking of knowledge of teens about

wothout knowing nga kato diay ay sobra investment are one of the cause why
na sa imong kwarta nya naa pa diay kay people spends without deep thinking.
kinahanhlanon na sunod...Ohhh.
Dagahn pa.. Ang palitunon
ba..(Transcript 6,Page 3,Line 80-83)

Taas pero dili gyud sya The acquired knowledge is higher but not
 100

totally..(Transcript 6,Page 3,Line 93) that full.

Tungod man gud na nga ang uban ba.. Knowledge in investment are thought in
Kanang.. Ge discuss.. Familiar ba. Pero the school that is t he reason for
di man.. Di man gyud totally investment to be familiar.
ba..(Transcript 6,Page 4,Line 95-986)

Investment? Ahmmmv100% sad kay Being interest in investment is very high

100 pd sa business..tungod man gud na... than the knowledge itself especially it is
Ganahan gyud ko.. Og ingon ana ba.. liked.
Business..(Transcript 6,Page 4,Line 100-
102)

As what we said gnina as in gastadora jd Teens spends without thinking.

kaayo ko (laughing) (Transcript 6,Page
4,Line 107)

Oo, dli jud siya kaigo..ohh.. Dili gyud na Because of too much spending allowances
ma bana- bana..(Transcript 6,Page will never be enough and balance.
4,Line 109-111)

Magsalig ko ba.. Na naa koy ma Teens always think that they have parents
pangayuan.. kay kanang bata pata pa too lean on especially in finances.
raba ta kay naa man tay parents. So, mag
salig gyd ta ana nila(Transcript 6,Page
4,Line 113-116)

Dili taas, sakto lang na mo risk Risk tolerance is just enough to try.
ko(Transcript 6,Page 4,Line 118)

Ohhh… mahadlok .. Labi na wala ka Not enough knowledge lead to fear.

kibaw (Transcript 6,Page 4,Line 121)

ohh kay .. Daghan naman gyud og kuan.. Scam is the reason for teens on being
Kanang ingon ana ba..(Transcript afraid to try.
6,Page 5,Line 125)

Mga 80 ra akong risk gyud.. Di sya Teens have an interest that is neutral, not
taas .. Pero di sad mobo. (Transcript that high but also not that low.
6,Page 5,Line 127)

Significant Statements Formulated Meanings

Gamay(Transcript 7,Page 1,Line 23) Know a little background about

 101

investment.

Akong nahibaw an sa investment kay mo

kuan ka mo murag ikuan nimo imong
money sa kuan ba imo banang ikuan run
mura ganing ipatuyok imong kwarta Investment is about investing or giving
kanang ihatag imong kwarta dha nga your money in a certain company or banks
unsa bana bank bana run sample bank
imong ihatag dra naa gud nay ila manang
ihatag sa mga negosyante ba ila manang
ipa loan ba dha mutuyok na imong
kwarta naa na silay naa nay
interest.(Transcript 7,Page 1,Line 26-30)

Igka balik ana ang kwarta dili raky ang

kwarta ngaimong gisud mao ra ang
mabalik nimo naa toy interest The money in investment will grow much
mudakoang kwarta nga imong bigger than what you invest first.
gikuan.(Transcript 7,Page 2,Line 30-33)

Kuan ang savings para nako kay kuan Savings is something you can get easily if
kanang makuha gani nimo kung naa kay you needed money.
kung kinahanglan ingun ana(Transcript
7,Page 2,Line 34-35)

Kay usahay mag save raman na sa kuan

gud.. Self lang ba.. Niya naa say bank..
Pero.. If savings.. Makakuha raman.. You can get your money easily because
Ka.. As long as.. Naa kay kwarta mostly it’s about self-savings.
pa..(Transcript 7,Page 2,Line 37-38)

Ang savings kung mag savings raka kay

murag kanang dali ra gani kaayu
mahurot. Then kung ang Investment ba In savings it turns out that the money will
kay mutubo imong kwarta ba imong be easily consume up all and money is
stable. While in investment money will
kuhaan naa pay porsyento nga naa pay
mubalik ba mura pag mubalik imong still grow even though you get something
from it.
kwarta nga kadtung imong gikuan..Oo di
mo tubo if savings(Transcript 7,Page
2,Line 42-47)

Wala..Investment nga dako og kuan, rate Don’t have any investment, but want to
sa interest (Transcript 7,Page 2,Line 49-
 102

51) have investment that has higher interest.

Dependi ra kung kuan kaya imong gi The feeling depends on the investment
invest kay dili ka scamon ba ingun ana they want to join if it is secured.
ba nindot ang kuan ba... (Transcript
7,Page 2,Line 61-62)

Oh safe, safe ka sa investment, In investment money is safe.

(Transcript 7,Page 2,Line 64)

so nindot kayna sa imohang feeling kay Investment is much preferable compared

mudako man imohang kwarta to savings because it can make the money
(Transcript 7,Page 2,Line 64-65) grow bigger.

Ma secure ka secure sa investment.. The teens feel secured in investment.

(Transcript 7,Page 2,Line 67)

Kay kung imo ranang gastoon diman

gud ka madato. Ingun ana gud kung
imong mindset ra ba kay kuan kung naa Instead of just spending the money it’s
better to invest it, because there’s a big
kay na kay kwarta gasto dapat kung naa
kay kwarta kay I invest na nimo kay opportunity that it will grow big like
kuan mudako imong kwarta nya ma use having an own business.
nimo kuanh example magtukod bakag
business run ingun ana ba (Transcript
7,Page 3,Line 70-73)

Oh mas nindot ang investment kaysa Investment is much better compared to

mag save jud(Transcript 7,Page 3,Line savings
75)

ma feel nako kay.. lucky kaayo ko na..

mapun an ba.. akong knowledge.. about
ana.. ma feel na mas taas akong
knowledge.. (Transcript 7,Page 3,Line
80-81)
As a teen it’s a very lucky experience if
they can gain more knowledge about
investment.

Kuan imong kuan imong money dayun

naa nay interest nya naay kuan ma nay
interest naa kay ma get ba more that sa Understand what is investment all about.
money nga imong gi invest ba, kana
more than sa money nga imong
nahatag(Transcript 7,Page 3,Line 84-86)
 103

Wala kaayu koy nahibaw an.. Anang Only know a little background about
mga investment gyud ba.. (Transcript investment but doesn’t know anything
7,Page 3,Line 88) about investment type.

ohh... Mulang.. ganahan gyud ko mapun The eagerness of teens to learn more
an(Transcript 7,Page 3,Line 90) about it.

Interesado kayko kung naa pakoy dako

kay nga kwarta interesado kayko ana nga
investment kay naa man koy knowledge
gamay nga mubalik jud na nimo imong
kwarta nga gi invest ba mudako pa sa
kwarta nga imong gihatag(Transcript
7,Page 3,Line 95-97)
High level of interest to join in investment
especially they already know what is
investment all about and if there’s a big
amount of money they would surely join in
investment.

(laughing) kabaw raman ko. Mo gunit og

kwarta ba.. (Transcript 7,Page 3,Line
103) The teens are financially literate.

kay wala man gyud naabot sa time ba..

kana ganing.. mahutdan ko og kwarta..
sakto ra gyud..(Transcript 7,Page 4,Line The allowance is enough for the expenses.
103-104)

Equal. Equal (laughing) raman sad The allowance is enough to the point that
akong allowances and expenses gyud the teens can’t save.
ba..(Transcript 7,Page 4,Line 106)

Mo take risk para kuan ma kung ibutang

nako sa percent mga 90(Transcript
High level of risk tolerance
7Page 4,Line 114)

kuan.. Mas taas man gyud ko og risk..

Kay kailangan man sad sya(Transcript
7,Page 4,Line 118) Putting a high level of risk tolerance
because it is also needed in investment.

Significant Statement Formulated Meanings

Para nako, investment kay kanang

pagpadako sa kwarta for example ni
invest ka sa imong kwarta sa usa ka Investment is about making the money
banko pero pagdako sa imong kwarta bigger.
kay mag depende sa imong banko nga
imong gi inbesan sa imong kwarta
 104

(transcript 8, Page 1, line 21-29)

Yes familiar ko sa mga bangko nga ni Teens are familiar about bank investments.
invest. (transcript 8, page 2, line 35)

Maam, para nako maam, ang savings

kay for example naa kay ebutang lang
nato bag, niya ganahan kay ka paliton. Savings is about saving money for a
So imo siyang gitiguman para sooner or purpose that can be useful sooner.
later imo na siyang mapalit. Mao rana
akong pagsabot sa savings. (transcript 8,
page 2, line 38-40)

Para nako ang investment mao na sya

ang long term kay mag tubo man imong
kwarta like sa akong gi ingon nila Investment is a long term process, and
kanang like naa jud kay makuha bisag make the money grow
kanos a then ang savings kay mao na sya
While savings the money is stable.
ang short term kay stable rman imong
kwarta kung pila imong gi save, mao Savings is a short term process.
rapod imonng makuha. (transcript 8,
page 2, line 45-48)

Wala raba (transcript 8, page 2, line50) Teens don’t have any investment

Naa gatigom ko (transcript 8, page 2, Teens already have savings.

line 52)

Wala ra, like akong gisulti ganina, kung They save because they want to use it in
naa koy ganahan paliton naa koy case of emergency.
makuot. (transcript 8, page 2, line 54)

Banko ko mo invest. Prefer on bank investment.

(transcript 8, page 2, line 56)

Willing kaayo ko mo invest. The willingness to invest.

(transcript 8, page 2, line 60)

Secure ko kay nisalig man ko nga mo If they trust in investment they fell
invest ko. (transcript 8, page 2, line 64) secured.
 105

Ay di diay. Before ko mo invest, ako Before investing teens make it sure that the
man jud siguruduon kung safe na sya company is safe to invest.
nga banko. (transcript 8, page 2, line 66)

Wala man ko mo ingon nga mo invest ko

karon, puhon. (transcript 8, page 2, line
69 ) Teens prefer to invest in the future not
today.

Willing ko, may nalang makabaw ko

unsay advantages ug disadvantages sa
pag invest sa kwarta (transcript 8, page The willingness to learn more about
2, line 71-72) investment.

Ang investment? kung ako lang

pangutan on, dili sad nga mo ingon ko
nga dili, kay pra nako pwede rsad. Most Willing to be educated in investment.
baya sa mga taw ron kay nag invest sa
ilang nga kwarta. (transcript 8, page 2,
line 75-76)

Ohhh ganahan sad ko mo invest Likes to have an investment

(transcript 8, page 2, line 78 )

Di pud ko sure. Basta kay bana bana The teens have high level of knowledge in
nako 90 akong knowledge (transcript 8, investment.
page 2, line 89)

Hmmmm 90, 10% doubt nana sya There’s also a small percent of doubt in
(transcript 8, page 2, line 93) investment.

Yes willing gyud ko (transcript 8, page Highly interested in investment

2, line 95)

Para nako kay oh. Kabaw man ko mo

tipid kay kbaw ko mo save, tigom pra
mapalit nako ang ganahan nga butang. Financially literate on investment.
(transcript 8, page 2, line 101)

Oh maigo ra diay (transcript 8, page 2, The allowance is just enough for all
line 104) expenses

Mas mo tigom (transcript 8, page 2, line The teen loves to save.

106)

If given a chance… mo invest ko If there’s a chance they will surely try to

(transcript 8, page 2, line 109) invest

Syempre mahadlok jud ka The teens are scared to invest.

 106

diba…(transcript 8, page 2, line 115)

Uso na baya mga scam scam ron The teens are scared to invest because of
(transcript 8, page 2, line 117) some issues like scam.

half half (transcript 8, page 2, line 122) Half level of being a risk taker

oo, Kay ako raman pud akong High risk tolerance in savings.
kaugalingon ga save (transcript 8, page
2, line 126)

Self-savings (transcript 8, page 2, line Teens save for own purposes.

128)

Table 4: Clustering Themes and Themes Emerged

Formulated Meanings Theme Cluster Emerged Theme

The money invested increases due to

the interest given. P1

Money will grow in an investment The growth of

without withdrawal. P1 Money
Investment gives a higher return and
safety. P2

Investing happen if a person wants to

have more return.p3
Money leads to success
Investing can make the value of
money bigger. P4
Investment is the way to increase and
grow the worth of money. P5
The money in investment will grow
much bigger than what you invest
first. P7
Investment is about making the money
bigger.p8
Investment makes the money grow.p8
It is good to invest because there’s a
big chance that it will really grow big.
P9
 107

Investment is about investing the

money that want something good in
return. P10

Investment can make the money

double value in return. 10
Investment can make someone
successful.p3
Investing can make a teen feel Having an
successful and satisfaction.p3 investment can
Investing is very helpful and things are make us successful.
not permanent in this world that is the
reason for teens to be interested in
investing.p3
Investment can change life. P4
Investing can make teens feel
challenge. P4
Investing can be a source to feel
enjoyment because you can meet other
people.p4
Teens should invest because investing It is good to invest
can be a part of their hobby and than to save.
beneficial to them.p3
Investment is much preferable
compared to savings because it can
make the money grow bigger.P7

Investment is much better compared to

savingsP7

Investment is a long term process. P8 Long term process

Investment is a long term process. P10 of investment
Investment has a long process. P1
Investment is a long term process
while the saved money increase in
small interest. P1
Investment knowledge is about putting
money in a trusted company for the
future. P2 Investing money to
Investment is about putting the money something that will
in a bank or a company. P6 run it.
Investment is about investing or
giving your money in a certain
company or banks. P7
Teens are familiar about bank
 108

investments. P8
Investment is about investing money
for a business P9
Saving is very convenient and easy to
students. P1
Savings is better for Savings for emergency
Savings is more convenient to teens. teens. used
P2

Saving is known than investment.P1

Investment is better but as a teen

savings is more convenient.P5

Savings for teens is much secure than

investing. P2

Teens already have savings. P8

The teen loves to save. P8

Saving can be the source to enjoyment Savings is

in the future. P1 something left out
from the money
Saving is about keeping the extra
money P6
Saving is a matter of choice in
withdrawing. P1

The saved money can be withdrawn

anytime the saver wants. P2
Savings is something you can get
easily if you needed money. P7
Money can be
You can get your money easily easily get
because mostly it’s about self-savings
P7
Saving is an act of keeping money for
the future. P1
Savings is a source to have a return in
hardships p3 Saving money for
Savings is about saving money for a something you
purpose that can be useful sooner.p8 want sooner.

They save because they want to use it

in case of emergency. P8
 109

Savings has an interest but a smaller

amount.P2
Lesser growth of
Bank offers a savings but with a lesser money.
interest.p4

While savings the money is stable. P8 Superiority of

In savings money is stagnant or Investment
stable.p10

Savings is a short term process.p8

savings is a short term process.p10

Investment and savings has Similarities of the

similarities. P1 process of savings
and investment.
Investment and saving has a slight
connection. P5

Saving and investment are close to

being similar. P6
The increase in amount has a different The difference
way in investment and saving.P1 between savings
and investment and
Investment is a long term process the growth of value
while the saved money increases in
small interest. P1

Investing and saving increases but

with different amount and value of
interest.P2

Saving is for a day while investing is a

lifetime success.P3
Investing happen next to saving
because the saved money will be the
source to be invested to have a higher
return. P4

Saving is just keeping an amount

while investment is keeping money
but with a purpose of increasing its
worth.P5

Investment is more on putting money

either on bank or business while
saving is keeping money within
 110

self.P6

In savings it turns out that the money

will be easily consume up all and
money is stable. While in investment
money will still grow even though you
get something from it. P7

In investment there’s a chance that

money will grow big. While savings,
the money is stable. P9

A business is much more familiar and

preferred type of investment. P2
Prefer to have an
Teens prefer to choose the business as investment in a
an investment alternative. P5 business.
Teens prefer on investing in a
business.p10
It is better to invest in a well know
business. P10
The teens choose business because it
can give bigger value of money. P10
Investment
Requirements
Teens mostly invest in an alternative
that is convenient to them especially in Teens invest to a
online company.p3 well-known
Some teens enter and invest in a company.
company.p4

Prefer on bank investment. P8

Teens are familiar about bank
investments.p8 Bank investment is
Prefer to choose bank investments.P9 also known for
teens
Teens can get more money in bank
investment. P9

It is better to invest in a well-known

bank. P9

Teens don’t have an investment yet. Teens don’t have

P5 experience in
investment.
Don’t have any investment, but want
to have investment that has higher
 111

interest. P7

Teens don’t have any investment. P8

Doesn’t have any investment.P9
Teens don’t have any investment.p10
Preferred investment type is chosen
due to having an experience on it. P2
Right choice where
Teens prefer to enter in an investment to invest.
type with a higher interest and return.
P6

When knowledge arises a teen will

feel secured to invest. P1

Being secure in the finances can be

feel in investing. P5

Investment is better than savings to be

more secured financially. P5 Security in
investment
The feeling depends on the investment Unexplored Security
they want to join if it is secured. P7

The teens feel secured in investment.

P7

Before investing teens make it sure

that the company is safe to invest. P8

If they trust in investment they feel

secured.p8
Investment is safe if it is assured. P2

Being secure and safe from scammer

stop the mindset of teens to invest. P1

Scams are sources of the reason of the

teens fear. P1

Trust is the reason why teens wont put

everything into investment. P2

Scammed are the reason of teens to be In investing money,

afraid in investment. P2 security is the
important thing to
Being afraid is one of the feelings of
teens if they will engage in
 112

investment.P2 know due to scam.

Scam are the reason why information

are not accepted directly. P5

Being afraid is a feeling felt when

investing money that is the reason why
being secured is very important. P6

Before entering unto a investment

alternative, teens wants to be secured
to avoid scam experiences. P6

Scam is the reason for teens on being

afraid to try. P6

The teens are scared to invest because

of some issues like scam. P8
The teens are scared to invest. P8
There’s also a small percent of doubt
in investment. P8
Feel safe but there’s also a part that
teens are scared in investment. P9

Even though they are willing to have

investment there is still a small percent
of feeling scared about it.P9

Teens are scared in investment

because they are not knowledgeable
enough.p10
Assured investment can secure the
finances of an individual. P2

Being secured financially is very

important that is the reason of teens on Money security
engaging in investment. P5

In investment money is safe. P7

Teens invest to have an increased in

money in the future. P2

Teens invest to receive an amount

higher that what is given due to Investing can
interest. P6 provide teens wants
 113

Teens invest their money to make it and needs

grow bigger. P9

Instead of just spending the money it’s

better to invest it, because there’s a big
opportunity that it will grow big like
having an own business. P

Investing needs a big sum of money.

P1

Money is a factor that hinders teens to

invest. P1

The need in acquiring money is a Importance of

reason to teens to be interested in money in investing
investment.p1

Before investing a big amount of

money is needed to have a greater
return.p2

Teens should know how to be

educated in invested for them to know
the value of money. P3
Investing is an act that involves money
with a certain reason.p3
Being in control of the happenings of
money is an important aspect in
investment.p2
Managing and using money is
practiced in investment. P4
Lacking of money is the reason of
teens on not trying to invest.p6

It is good to invest because there’s a

big chance that it will really grow big.
P1

It is better to have an investment.p4 The willingness to

have an investment.

The willingness to invest.p8

Likes to have an investment. P8

 114

It is really good to invest.P9

Investment is more preferable

compared to savings p9
The willingness of teens to try
investment. P9
The feeling of being happy to invest.
P10
It is better to invest. P10

Listening in the investment education

if it is available.p1 The willingness of Unhindered
Being educated in investment is teens to be willingness to be
accepted by teens.P5 educated in educated
investment
The eagerness of teens to learn more
about it.P7

Willingness to acquire knowledge. P4

Teens are willing to add some

knowledge about investment. P4

The willingness to learn more about

investment.p8

Willing to be educated in
investment.p8
.
The willingness to learn more about
investment.p10

The willingness to be educated in

investment. P10
Acquiring knowledge in investment
can provide happiness.P2
Being glad in acquiring new Feelings in
knowledge p4 acquiring
knowledge of teens
To be educated in investment is really about investment
good with that it can really add more
knowledge to the teens. P9
 115

Acquiring knowledge is an
opportunity to teens.P2

Being glad in acquiring new

knowledge p4

Teens always listen to the opportunity

on acquiring a learning.P5

To be educated is an opportunity and

luck in acquiring knowledge in
investment. P6

As a teen it’s a very lucky experience

if they can gain more knowledge about
investment.P7

Knowledge in investment of teens is

not that big and limited.P1
Limitation of
Teens understand a little about acquired knowledge
investment.P2

Investment knowledge that is

discussed is limited.P2

Knowledge in investment is limited

and not that big.P2

Investment knowledge are too little.P6

The acquired knowledge is higher but

not that full.P6

Know a little background about

investment.P7

Only know a little background about

investment but doesn’t know anything
about investment type. P7

Knowledge in investment is little and

limited. P4
Not knowledgeable enough that’s
why they don’t have investment.p10
There is a will to learn more because
they are not knowledgeable
enough.p10
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Low level of knowledge in investment.

P10
Investment is not that known to teens
especially its alternatives.P1

Investment alternatives are not known

to teens.P2

Laziness stops the knowledge that can

be acquired in investment
education.P2

Knowledge in investment hinders

teens ability to try investing.P1
Lacking of knowledge of teens about
investment are one of the cause why
people spends without deep
thinking.P6

Not enough knowledge lead to fear.

Investment knowledge are discussed

and familiarize by teens but limited.P1

Investor from the teachings of the

educators.P2

The knowledge acquired about

investment is from the teachings of the
educatorsP2
Investment
Background on investment is Knowledge Sources
discussed to students.P2

Acquiring knowledge is better if it is

experience than studying because
experience is a great teacher. P4
The knowledge acquired through the
investment alternative experience is to
be better. p4
Investment is learned through studying
and familiarization at school.P5

Investment knowledge are from what

is learned from the teachings of
educators.P6

Investment are familiar because of

 117

different stories heard.P6

To acquire knowledge in investment

researching is very important.p3
Investing needs researching and
trusting own ability.p3
In wanting to learn and invest, be sure
to know everything first and don’t
make faulty decisionsp3
Investment needs a great amount of
research.p3
Because of wanting to acquire
knowledge teens are interested in
investing more. P4
Being interest in investment is very
high than the knowledge itself
especially it is liked. P6 High Interest in
investment
High level of interest to join in
investment especially they already
know what is investment all about and
if there’s a big amount of money they
would surely join in investment. P7

Highly interested in investment. P8

High level of interest in investment.
P10
Situations that are unpredictable can
be the reason on not investing all out.
P2 Little interest as of
the moment
Being interested in investment
depends to the willingness to try in
real scenario. P5

Being interested in entering

investment is stopped by the
knowledge of teens. P5
Interest in investment is very little to a
teen. P2
If it is assured and checked the teens
would probably willing to invest. P2

Teens prefer to invest in the future not

today.p8
Teens knowing how to manage Knowledge against
allowance will never lack of money.
 118

P1 practices
The teens know the ways on handling
money in the correct manner.P2
A teen know how to manage and use
money p4
Managing finances
Instead of just spending the money it’s to be a financially
better to invest it, because there’s a big literate individual
opportunity that it will grow big like
having an own business.P

The teens are financially literate.P7

Financially literate on investment.p8

The teens are financially literate. P10

If there’s a chance they will surely try Waiting for

to invest. P8 opportunity
Still waiting for an opportunity before
trying investment. P9
Experience and the want to achieve
something is a way to be a financially
literate individual.p3 Experience are the
Being financially literate depend on source to be
the training and experiences as a financially literate
kid.P5
Self handling of money can be the
reason for it to be not enough.P2

Teens spends without thinking.P6\

Spending without
Because of too much spending thinking
allowances will never be enough and
balance. P6
There are times that teens can’t control
in terms of budgeting money. P9

Teens don’t think of other things, they

just keep spending money. P9

The teens are dependent on parents in Dependence to

terms of asking money. P9 parents on the
finances
Teens always think that they have
parents too lean on especially in
finances.P6
 119

Afraid to risk hinders the teens to Hesitant risk taker

invest.P1
Afraid to take risk
Teens are afraid to take risk.P1

Afraid to fail and scammed hinder the

teens to take risk in investment.P1
Teens have the tendency to make
everything sure before trying it.P2
Safety before
Before teens risk the need to be sure risking
and safe from scam is considered.P5

But the risk tolerance depends to the

interest felt in the type.P5
High level of risk tolerance P7

Don’t let failures stop a person to try Being a high risk

and risk in investment.p3 tolerance individual
A teen should be a positive thinker
and able to risk for them to enter in an
investment. P4
Putting a high level of risk tolerance
because it is also needed in
investment.P7
High risk tolerance in savings. P8

Teens have a small risk especially that

the teens don’t really have enough
knowledge.P2

Teens are more on having a small Small risk in

amount of risk. P4 investment
Teens are not that risk taker.P5

Risk tolerance is just enough to try.P7

Teens have an risk tolerance that is

neutral, not that high but also not that
low.P7
Half level of being a risk taker.p8
Low level of risk tolerance especially
teens are not knowledgeable
enough.P9
Teens have high risk in savings
compared to investment especially
they know where they save their
 120

money. p10

Table 5: Summary of Themes and Clusters

Theme 1:

Money leads to success

Cluster :

The growth of Money

Formulated Meanings:

The money invested increases due to the interest given. P1

Money will grow in an investment without withdrawal. P1

Investment gives a higher return and safety. P2

Investing happen if a person wants to have more return.p3

Investing can make the value of money bigger. P4

Investment is the way to increase and grow the worth of money. P5

The money in investment will grow much bigger than what you invest first. P7

Investment is about making the money bigger.p8

Investment is about making the money bigger.p8

It is good to invest because there’s a big chance that it will really grow big. P9

Investment is about investing the money that want something good in return. P10

Investment can make the money double value in return. 10

Cluster :

Having an investment can make us successful.

 121

Formulated Meanings:

Investment can make someone successful P3

Investing can make a teen feel successful and satisfaction.p3

Investing is very helpful and things are not permanent in this world that is the reason
for teens to be interested in investing.p3

Investment can change life. P4

Investing can make teens feel challenge. P4

Investing can be a source to feel enjoyment because you can meet other people.p4

Cluster:

It is good to invest than to save.

Formulated Meanings:

Teens should invest because investing can be a part of their hobby and beneficial to
them.p3

Investment is much preferable compared to savings because it can make the money
grow bigger.P7

Investment is much better compared to savingsP7

Cluster:

Long term process of investment

Formulated Meanings:

Investment has a long process. P1

Investment is a long term process while the saved money increase in small interest. P1
 122

Investment is a long term process. P8

Investment is a long term process. P10

Cluster:

Investing money to something that will run it.

Formulated Meanings:

Investment knowledge is about putting money in a trusted company for the future. P2

Investment is about putting the money in a bank or a company. P6

Investment is about investing or giving your money in a certain company or banks. P7

Teens are familiar about bank investments. P8

Investment is about investing money for a business P9

Theme 2:

Savings for emergency used.

Cluster:
Savings is better for teens.

Formulated Meanings:
Saving is very convenient and easy to students. P1
Savings is more convenient to teens. P2
Saving is known than investment.P1

Investment is better but as a teen savings is more convenient.P5

Savings for teens is much secure than investing. P2
 123

Teens already have savings. P8

The teen loves to save. P8

Cluster:

Savings is something left out from the money

Formulated Meanings:

Saving can be the source to enjoyment in the future. P1

Saving is about keeping the extra money P6

Cluster:
Money can be easily get

Formulated Meanings:
Saving is a matter of choice in withdrawing. P1
The saved money can be withdrawn anytime the saver wants. P2

Savings is something you can get easily if you needed money. P7

You can get your money easily because mostly it’s about self-savings P7

Cluster:
Saving money for something you want sooner..

Formulated Meanings:
Saving is an act of keeping money for the future. P1
Savings is a source to have a return in hardships p3
Savings is about saving money for a purpose that can be useful sooner.p8
 124

They save because they want to use it in case of emergency. P8

Theme 3

Superiority of Investment

Cluster:

Similarities of the process of savings and investment.

Formulated Meanings:

Investment and savings has similarities. P1

Investment and saving has a slight connection. P5

Saving and investment are close to being similar. P6

Cluster:

The difference between savings and investment and the growth of value.

Formulated Meanings:

The increase in amount has a different way in investment and saving.P1

Investment is a long term process while the saved money increases in small interest. P1

Investing and saving increases but with different amount and value of interest.P2

The difference between savings and investment and

Investing happen next to saving because the saved money will be the source to be
invested to have a higher return. P4

Saving is just keeping an amount while investment is keeping money but with a
purpose of increasing its worth.P5

Investment is more on putting money either on bank or business while saving is

keeping money within self.P6
 125

In savings it turns out that the money will be easily consume up all and money is stable.
While in investment money will still grow even though you get something from it. P7

In investment there’s a chance that money will grow big. While savings, the money is
stable. P9

Cluster:

Lesser growth of money.

Formulated Meanings:

Savings has an interest but a smaller amount.P2

Bank offers a savings but with a lesser interest.p4

While savings the money is stable. P8

Savings is a short term process.p8

In savings money is stagnant or stable.p10

savings is a short term process.p10

Theme 4:

Investment Requirements

Cluster:
Prefer to have an investment in a business.

Formulated Meanings:
A business is much more familiar and preferred type of investment. P2
Teens prefer to choose the business as an investment alternative. P5
Teens prefer on investing in a business.p10
It is better to invest in a well know business. P10
 126

The teens choose business because it can give bigger value of money. P10

Cluster:
Teens invest to a well-known company.

Formulated Meanings:
Some teens enter and invest in a company.p4
Teens mostly invest in an alternative that is convenient to them especially in online
company.p3

Cluster :
Bank investment is also known for teens

Formulated Meanings:
Prefer on bank investment. P8

Teens are familiar about bank investments.p8

Prefer to choose bank investments.P9
Teens can get more money in bank investment. P9
It is better to invest in a well-known bank. P9

Cluster:

Teens don’t have experience in investment.

Formulated Meanings:

Teens don’t have an investment yet. P5

Don’t have any investment, but want to have investment that has higher interest. P7
 127

Teens don’t have any investment. P8

Doesn’t have any investment.P9

Teens don’t have any investment.p10

Cluster:

Right choice where to invest.

Formulated Meanings:

Preferred investment type is chosen due to having an experience on it. P2

Teens prefer to enter in an investment type with a higher interest and return. P6

Theme 5;

Unexplored Security

Cluster:

Security in investment

Formulated Meanings:
When knowledge arises a teen will feel secured to invest. P1
Being secure in the finances can be feel in investing. P5

Investment is better than savings to be more secured financially. P5

The feeling depends on the investment they want to join if it is secured. P7
The teens feel secured in investment. P7
Before investing teens make it sure that the company is safe to invest. P8
If they trust in investment they feel secured.p8

Investment is safe if it is assured. P2

Cluster:
 128

In investing money, security is the important thing to know due to scam.

Formulated Meanings:
Being secure and safe from scammer stop the mindset of teens to invest. P1
Scams are sources of the reason of the teens fear. P1
Trust is the reason why teens wont put everything into investment. P2
Scammed are the reason of teens to be afraid in investment. P2
Being afraid is one of the feelings of teens if they will engage in investment.P2

Scam are the reason why information are not accepted directly. P5
Being afraid is a feeling felt when investing money that is the reason why being secured
is very important. P6
Before entering unto a investment alternative, teens wants to be secured to avoid scam
experiences. P6

Scam is the reason for teens on being afraid to try. P6

The teens are scared to invest because of some issues like scam. P8
The teens are scared to invest. P8
There’s also a small percent of doubt in investment. P8
Feel safe but there’s also a part that teens are scared in investment. P9

Even though they are willing to have investment there is still a small percent of feeling
scared about it.P9
Teens are scared in investment because they are not knowledgeable enough.p10

Cluster:
Money security
Teens are scared in investment because they are not knowledgeable enough.p10
Being secured financially is very important that is the reason of teens on engaging in
investment. P5
In investment money is safe. P7
 129

Cluster:

Investing can provide teens wants and needs

Formulated Meanings:

Teens invest to have an increased in money in the future. P2

Teens invest to receive an amount higher that what is given due to interest. P6

Teens invest their money to make it grow bigger. P9

Instead of just spending the money it’s better to invest it, because there’s a big
opportunity that it will grow big like having an own business. P7

Cluster:

Importance of money in investing

Formulated Meanings:

Investing needs a big sum of money. P1

Money is a factor that hinders teens to invest. P1

The need in acquiring money is a reason to teens to be interested in investment.p1

Before investing a big amount of money is needed to have a greater return.p2

Teens should know how to be educated in invested for them to know the value of
money. P3

Investing is an act that involves money with a certain reason.p3

Being in control of the happenings of money is an important aspect in investment.p2

Managing and using money is practiced in investment. P4

Lacking of money is the reason of teens on not trying to invest.p6

 130

Cluster:

The willingness to have an investment.

Formulated Meanings:

It is good to invest because there’s a big chance that it will really grow big. P1

It is better to have an investment.p4

The willingness to invest.p8
Likes to have an investment. P8
It is really good to invest.P9

Investment is more preferable compared to savings p9

The willingness of teens to try investment. P9

The feeling of being happy to invest. P10

It is better to invest. P10

Theme 6:

Unhindered willingness to be educated

Cluster

The willingness of teens to be educated in investment

Formulated Meanings:

Listening in the investment education if it is available.p1

Willingness to acquire knowledge. P4

Teens are willing to add some knowledge about investment. P4

Being educated in investment is accepted by teens.P5

The eagerness of teens to learn more about it.P7

Understand what is investment all about. P7

 131

The willingness to learn more about investment.p8

Willing to be educated in investment.p8
The willingness to learn more about investment.p10
The willingness to be educated in investment. P10

Cluster:

Feelings in acquiring knowledge of teens about investment.

Formulated statements

Acquiring knowledge is an opportunity to teens.P2

Acquiring knowledge in investment can provide happiness.P2

Being glad in acquiring new knowledge p4

Teens always listen to the opportunity on acquiring a learning.P5

To be educated is an opportunity and luck in acquiring knowledge in investment. P6

As a teen it’s a very lucky experience if they can gain more knowledge about
investment.P7

To be educated in investment is really good with that it can really add more knowledge
to the teens. P9

Cluster:

Limitation of acquired knowledge

Formulated Meanings:

Knowledge in investment of teens is not that big and limited.P1

Teens understand a little about investment.P2

Investment knowledge that is discussed is limited.P2

 132

Knowledge in investment is limited and not that big.P2

Investment knowledge are too little.P6

The acquired knowledge is higher but not that full.P6

Know a little background about investment.P7

Only know a little background about investment but doesn’t know anything about
investment type. P7

Knowledge in investment is little and limited. P4

Not knowledgeable enough that’s why they don’t have investment.p10

There is a will to learn more because they are not knowledgeable enough.p10

Low level of knowledge in investment. P10

Investment is not that known to teens especially its alternatives.P1

Investment alternatives are not known to teens.P2

Laziness stops the knowledge that can be acquired in investment education.P2

Knowledge in investment hinders teens ability to try investing.P1

Lacking of knowledge of teens about investment are one of the cause why people
spends without deep thinking.P6

Not enough knowledge lead to fear.P6

Cluster:

Investment Knowledge Sources

Formulated Meanings:

Investment knowledge are discussed and familiarize by teens but limited.P1

The knowledge acquired about investment is from the teachings of the educatorsP2

Background on investment is discussed to students.P2

Acquiring knowledge is better if it is experience than studying because experience is a

 133

great teacher. P4

The knowledge acquired through the investment alternative experience is to be better.

p4

Investment is learned through studying and familiarization at school.P5

Investment knowledge are from what is learned from the teachings of educators.P6

Investment are familiar because of different stories heard.P6

Knowledge in investment are thought in the school that is t he reason for investment to
be familiar.P6

To acquire knowledge in investment researching is very important.p3

Investing needs researching and trusting own ability.p3

In wanting to learn and invest, be sure to know everything first and don’t make faulty
decisionsp3

Investment needs a great amount of research.p3

Cluster:

High Interest in investment

Formulated Meanings:

A large percent on interest in knowing and trying investment. P1

Even with a little knowledge it didn’t stop teens to be curios and interested in
investment. P2

Because of wanting to acquire knowledge teens are interested in investing more. P4

Being interest in investment is very high than the knowledge itself especially it is liked.
P6

High level of interest to join in investment especially they already know what is
investment all about and if there’s a big amount of money they would surely join in
investment. P7
 134

Highly interested in investment. P8

High level of interest in investment. P10

Cluster:

Little interest as of the moment

Formulated Meanings:

Interest in investment is very little to a teen. P2

If it is assured and checked the teens would probably willing to invest. P2

Situations that are unpredictable can be the reason on not investing all out. P2

Being interested in investment depends to the willingness to try in real scenario. P5

Being interested in entering investment is stopped by the knowledge of teens. P5

Teens prefer to invest in the future not today.p8

Theme 7:

Knowledge against practices

Cluster:

Managing finances to be a financially literate individual

Formulated Meanings:

Teens knowing how to manage allowance will never lack of money. P1

The teens know the ways on handling money in the correct manner.P2

A teen know how to manage and use money p4

Instead of just spending the money it’s better to invest it, because there’s a big
opportunity that it will grow big like having an own business.P7

The teens are financially literate.P7

 135

Financially literate on investment.p8

The teens are financially literate. P10

Cluster:

Waiting for opportunity

Formulated Meanings:

If there’s a chance they will surely try to invest. P8

Still waiting for an opportunity before trying investment. P9

Cluster:

Experience are the source to be financially literate

Formulated Meanings:

Experience and the want to achieve something is a way to be a financially literate

individual.p3

Being financially literate depend on the training and experiences as a kid.P5

Cluster:

Spending without thinking

Formulated Meanings:

Self handling of money can be the reason for it to be not enough.P2

Teens spends without thinking.P6\

Because of too much spending allowances will never be enough and balance. P6
 136

There are times that teens can’t control in terms of budgeting money. P9

Teens don’t think of other things, they just keep spending money. P9

The teens are dependent on parents in terms of asking money. P9

Teens always think that they have parents too lean on especially in finances.P6

Theme 8:

Hesitant risk taker

Cluster:

Afraid to take risk

Formulated Meanings:

Afraid to risk hinders the teens to invest.P1

Teens are afraid to take risk.P1

Afraid to fail and scammed hinder the teens to take risk in investment.P1

Cluster:

Safety before risking

Formulated Meanings:

Teens have the tendency to make everything sure before trying it.P2

Before teens risk the need to be sure and safe from scam is considered.P5

But the risk tolerance depends to the interest felt in the type.P5

Cluster:

Being a high risk tolerance individual

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Formulated Meanings:

High level of risk tolerance P7

A teen should be a positive thinker and able to risk for them to enter in an investment.
P4

Putting a high level of risk tolerance because it is also needed in investment.P7

High risk tolerance in savings. P8

Cluster:

Small risk in investment

Formulated Meanings:

Teens have a small risk especially that the teens don’t really have enough
knowledge.P2

Teens are more on having a small amount of risk. P4

Teens are not that risk taker.P5

Risk tolerance is just enough to try.P7

Teens have an risk tolerance that is neutral, not that high but also not that low.P7

Half level of being a risk taker.p8

Low level of risk tolerance especially teens are not knowledgeable enough.P9

Teens have high risk in savings compared to investment especially they know where
they save their money. p10
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CURRICULUM VITAE

Personal Data

Name: Joyce Ann S. Jayme

Address: Lower Suran, Pardo Cebu City

Civil Status: Single

Citizenship: Filipino

Name of Father: Acilio L. Jayme Sr.

Name of Mother: Judie S. Jayme

Name of Siblings: Joecel Joy S. Jayme

Jezy Byle S. Jayme
Acilio S. Jayme Jr.

Educational Background

Elementary : Pardo Extension Elementary School

A. Gabuya Street, Pardo Cebu City
March 2013

Secondary ( Completion) : Quiot National High School

Quiot Pardo, Cebu City, Cebu, Philippines
March 2017
 140

CURRICULUM VITAE

Personal Data

Name: Jessa L. Deliman

Address: Sitio Kamansi, Quiot Cebu City

Civil Status: Single

Citizenship: Filipino

Name of Father: Proculo J. Deliman

Name of Mother: Deliarosa L. Deliman

Name of Siblings: Jundel L. Deliman

Jaspher L. Deliman
Jane L. Deliman
Jea L.Deliman

Educational Background
 141

Elementary : Dumingag SPED Center

Dumingag, Zamboanga del Sur
March 2013

Secondary( Completer) : Quiot National High School

Quiot Pardo, Cebu City, Cebu, Philippines
March 2017

CURRICULUM VITAE

Personal Data

Name: Ma. Luz C. Villanil

Address: Ubca 3 Quiot Cebu City

Civil Status: Single

Citizenship: Filipino

Name of Father: Areto A. Villanil

Name of Mother: Ma. Riena Villanil

Name of Siblings: Reniel Villanil

Royce Kenny Villanil
Ashley Kieth Villanil
Ryan Villanil

Educational Background
 142

Elementary : Don Vicente Rama Memorial Elementary School

Macopa St. Basak Pardo Cebu City
March 2013

Secondary(Completer):Don Vicente Rama Memorial National High School

March 2017