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What’s financial independence got to do with Piolo Pascual?

In the case of the country’s top insurance company, they found their perfect celebrity endorser in Piolo Pascual, who probably helped catapult the former to its top post. 

Years ago, I read a book on investing questioning why the likes of Harrison Ford should be paid to endorse investment products, “What does an actor like him know about investment instruments?”

Celebrity endorsements have been practised since time immemorial. Companies use the popularity of a celebrity to help sell their products. In the case of the country’s top insurance company, they found their perfect celebrity endorser in Piolo Pascual, who probably helped catapult the former to its top post. 

It all started with a donation made by Sun Life to a charitable cause that the actor was involved in, and the rest is history – a seven-year history of being their brand ambassador.

What makes the endorsement effective?                  

The popularity of a celebrity is not enough to help a product reach its customers. Sure, the handsome face and physique of Papa Piolo will make you stop and listen to what he’s talking about. But is that enough to sustain customer attention and eventual purchase?

There has to be a match, some shared qualities and ideas between the celebrity and the product in order to create synergy.

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Piolo Pascual is an actor. He started his showbiz career in his teens but had to cut it short to join his family in the US. He was 21 years old when he came back and was re-launched as part of the Star Magic Batch 3. It’s a good thing that he took his craft seriously because no amount of good looks can cover up an acting that sucks. He won awards for his portrayal of Vilma Santos’ son in the movie “Dekada ’70,” a role that was originally intended for Jericho Rosales. Other meaty roles and recognitions followed.

Time and again rumors questioning his masculinity would surface but he remains the Papa Piolo, still among the most bankable leading men in the industry. And do you know that he is already 40 years old? That’s right “life has begun” this year for Papa P!

I think this is where the power of his endorsement comes in. Financial wellness is all about discipline. No matter how much you earn, if you are not disciplined enough to pay yourself first and observe the other basic laws of money, you will not reach financial freedom. In the same way for him, in his dizzying world of showbiz, it’s easy to get lost and succumb to the excesses prevalent in the environment if you’re not disciplined. Today he is still standing tall, after 20 years in the business where newcomers come and go.

His discipline is not just in his work but also in the way he takes care of his health. During my interview with him, he mentioned the importance of health. He is a fit 40-year-old man, who is into various sports –  running, cycling, swimming, etc. His frustration is that he has not yet run a full marathon. He registered and trained twice but his showbiz commitments got in the way. Nonetheless, I told him that he still has two years to go, maybe it would be more meaningful for him to do a “42@42” – i.e. run 42 kilometers (the length of a full marathon) at age 42. He said he will do that.

He also values his relationships. I know that he is a born-again Christian and this has helped him cope with the stresses of his job and the other challenges of fame.

His childhood money memory

Piolo’s childhood money memory is the paluwagan. Paluwagan is the Filipino structure of saving and lending money among people who know each other, and done without documentation. As early as grade school, he was already participating in this together with his family and friends. He remembers it fondly because he saw his savings grow as compared to just keeping money in a piggy bank. This childhood money memory has positively influenced his saving habit.

Investing came as early as when he started working because he knows the temporary nature of his career.

FQ-ripot tips

When asked for his FQ-ripot tips, he said that there’s no reason to be stingy but there’s also no need to always indulge in luxury. Since his luho is to travel, that’s where he gave his FQ-ripot tip: DIY your trips! Even with his busy schedule, he does his own itinerary for his family trips. He books online, uses airbnb and does everything in advance in order to avail of lower rates. I was surprised to hear that and I even kidded him, “Can you book our next family trip?” to which he gamely said, “Sure!”

So what’s financial independence got to do with Papa P? I think he is an effective brand ambassador because of the way he has conducted himself throughout these two decades – staying focused and disciplined. Because really financial independence is hard to come by without discipline. In fact, it is impossible to achieve it without discipline. As we always say, high FQ is more about behavior than knowledge.

Join me in my FQ-wentuhan with Piolo Pascual at noon today. Tune in to FQ Mom page on Facebook to watch the full interview. 

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ANNOUNCEMENTS

1. Go to FQ Mom FB page to watch FQ-wentuhan with Piolo Pascual today at noon.

2. Watch out for the other installments to this FQ-wentuhans series. We will also have our session with Judy Ann Santos and Matteo Guidicelli.

3. I will speak at the PDIC (Philippine Deposit Insurance Corporation) on how to teach financial responsibility to children. This will be on June 22, 2017. 

4. My son Martin and I will speak at the Investors Forum of SLAMCI (Sun Life Asset Management Company, Inc.) on July 18, 2017.

5. Want to know your FQ score? Take it today. Click link to take the test: http://tinyurl.com/FQTest

Rose Fres Fausto is a speaker and author of bestselling books “Raising Pinoy Boys” and “The Retelling of The Richest Man in Babylon” (English and Filipino versions). Click this link to read samples – Books of FQ Mom Rose Fres Fausto. She is a behavioral economist, a certified gallup strengths coach and the grand prize winner of the first Sinag Financial Literacy Digital Journalism Awards. Follow her on Facebook and You Tube as FQ Mom, and Twitter & Instagram as theFQMom.

ATTRIBUTIONS: Images from All-free-download.com, Asian parent, Clker, CPI, O’mire financial services, Openclipart, PEP.ph, Philstar.com, PNG Mart, Star Cinema, PinoyExchangeSmart ang Pinoy blogger, The official website of Piolo Pascual, Fairway Kirkland, www.jamesbondlifestyle.com and FreeiconsPNG  put together to help deliver the message. 

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