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#21 Wanderlusting

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Posted 23 June 2014 - 01:04 AM

My money updates so far:

1. Got rid of one credit card. Finally.
2. About to pay off my tuition loan for this semester when I go to school this week.
3. Joined a paluwagan with a 6 month cycle to help me save funds and earn some interest from it.
4. Managed to use only cash for spending for the last month.
5. Slowly paying off the existing card debt that ballooned to uncontrollable proportions.
6. Scheduled the projected major expenses and budget for these expenses for the the entire year (yes, they are important expenses since they will pay off my bills).


***I have forgotten how good it feels to be kuripot, to not overspend, and to be debt-free. This kuripot lady is soooo back.

Optimistic and way better 2014 it is for me. ^_^ ^_^


Nev,


My thoughts:

On #1 - Credit Card
Credit in principle is not bad, as long as you learn proper debt management. At one point in time, I was actively using credit cards from 3 different companies. I was timing my purchases to take advantage of monthly billing schedules. i.e. I would push back my actual cash flow, but still pay the full amount come billing due date. This translates to about 1 month's worth of free credit line. The key really is not to spend what you know you can't pay for based on how long you plan to pay for it.

On #3 - Paluwagan
I would advise against this unless you know that ALL members of the Paluwagan are true to their word and not in financial distress. One other option if you're starting small: try depositing to 30-day time deposits and keep rolling it over and adding your savings every month. Once you reach significant volume, you can start looking at and transferring to higher yield options.

On #4 - See #1

On #5 - Paying off Debt
Just make sure you start with the higher interest debts / loans first and keep the lower rate debt for last repayment.

On #6 - Cash Flow Schedule
Good job!

Here's to you achieving financial balance in your life. Cheers!

#22 matthew

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Posted 25 August 2014 - 12:29 PM

agree with item 3. you might also want to consider peso cost averaging in investing in mutual funds or the like. some banks such as BDO has a facility to deduct from your account on a predetermined schedule. it works as forced savings as well.

#23 koala1

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Posted 09 September 2014 - 03:21 PM

Investments have to be long term, so you'll have to regularly set aside a specific amount for this, and budget for other expenses such as debt payment, living allowance, emergency funds (medical emergencies), a separate fund that you'll use to lend or help other people (so that if you've already lent it out, you wont feel guilty in saying no to the next person who borrows or asks for help), money to give to parents, tuition fees, and a little money for your wants (treats). After setting these aside, use your investment fund wisely.

There are plenty of investment models to choose from which you can search over the internet, but since you are young and working, I suggest you follow the rule of thirds. Invest 1/3 in low risk instruments, 1/3 in medium risk instruments and the last 1/3 in high risk instruments. This could translate to investing in bonds & government securities (low risk), blue chip stocks or UITF targeting blue chip stocks (medium risk), and high risk instruments could be aggressive UITF placements. One key is to buy or place investments regularly (say monthly) so by averaging, you spread the risk and will earn more in the long term. Know the companies you are investing in and don't go by what people say is "good" and blindly jump on the bandwagon. As much as possible, invest in companies with long term growth as this will be the basis of appreciating stock value. Avoid penny stocks.

Hope you can find more info over the internet and find the approach that is right for you.


In as much as other here have already given heaps of financial advice directly, my input to you is to research on scholarships here in Australia (a there are some exclusively for post-graduates ie Master's and Phd. A student visa will allow you to work part-time (20 hrs/wk) and you can expect to earn around AU$20/hr. To give you an idea of how wages and costs compare between Manila and Melbourne (for example), here is a link you might find helpful: http://www.numbeo.co...layCurrency=PHP
Note that while expenses are higher in Melbourne, monthly average disposable salary is more than enough to make up for it, and more.

#24 goodboy053081

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Posted 01 October 2014 - 09:55 PM

FREE Online Seminar by J3 PATINO,RFP (Registered Financial Planner)

1) "5 Pillars of Wealth"
By watching this first video you'll be ensuring that you have a SOLID foundation for building wealth.
Just click on this link to access it:

http://gameofwealtho...1-moneymatters/

Na-experience mo na ba makasakay sa financial roller coaster?

Yung tipong isang araw, parang ang dami mong pera, at wala kang financial problems.
Tapos sa susunod na lingo eh balik ka sa dati at BITIN ka ulit sa pera.

Yung panahon na natutuwa ka na dahil may savings ka na.
Tapos may mangyayari nalang at kakailanganin mong gastusin ang pinaghirapan mong savings?

Ang madalas na dahilan nito ay kakulangan sa mga BASIC na lesson tungkol sa pagyaman.

Ito ang na s-solve ng seminar series na ito.

Click this link lang para mapanood mo na ang video na ito.

http://gameofwealtho...1-moneymatters/

2) Video #2 of the Take the Leap, Invest within the Week is out.
The basics of the stock market sooooooo simple,
even a grade-school student will be able to understand it!

>> Video 2: Basics of the Stock Market

http://clicks.aweber...PRITTxzcXvh2vqQ

Watch it to discover the answers to these questions:

What is the stock market?
How does it work?
How can you make money with it?
How much money can you make?
How do you avoid/eliminate risks in the Stock Market?
and more!

>> Video 2: Basics of the Stock Market

http://clicks.aweber...PRITTxzcXvh2vqQ

P.S. The stock market is much simpler than what it seems.
In this video you'll find how how simple it really is.
Enjoy!

3)The Second Video of the 5 Pillars of Wealth Seminar is here!!!
In this video, you'll learn about the BIGGEST and most COMMON
mistake Filipinos make in their journey to wealth.

Just click this link to start watching the video.

http://gameofwealtho...e.com/2-choice/

This mistake is about the definition of wealth.
Actually, kung sa simula palang mali na ang definition mo ng wealth.
Lalo na yung magiging paraan na gagamitin mo para yumaman.

If you don't understand this common misconception about wealth,
then it is impossible to build a SOLID FOUNDATION for your financial success.

Click mo lang ang link na ito to start watching:

http://gameofwealtho...e.com/2-choice/

4) Video #3: Investing Strategies!
This video will make all the difference in your investing life.

>> Video 3: Strategies of Investing

http://clicks.aweber...ffoOo0mabGT_chw

In today's video you'll learn about: "Strategy-Focused Investing".

This concept will determine if you're going to be
a "peaceful and confident" investor OR
a "worried and stressed" investor.

It will determine if the stock market will
complement your lifestyle OR complicate it.
That's why I'm excited for you to learn it!

>> Video 3: Strategies of Investing

http://clicks.aweber...ffoOo0mabGT_chw

5)We Filipinos are VERY hardworking.
However, why are so many poor?
Apparently, hard work isn't enough.

In our 3rd video, you'll learn about the 3 ingredients for financial progress.
And knowing and applying these 3 ingredients is the difference
between Working HARD vs. Working SMART.

Just click on the link below to start watching:
Video 3: http://www.gameofwea...e.com/3-process


Pili ka nalang sa 4 options when it comes to your results...

No Hard Work + No Smart Work = Poverty.
Hard Work + No Smart Work = Mediocrity
No Hard Work + Smart Work = Above Average Success
Hard Work + Smart Work = MASSIVE Success :)

Smart Work o pagiging "wais" ang kailangan para maging successful.
Yun ang matututunan mo in this next training video.

Just click on the link to start watching:
Video 3: http://www.gameofwea...e.com/3-process

6) It's time for you to win the Game of Wealth!
You have been playing the game since you were born.
The big question is - How well have you been playing?

Video Link: The Conclusion - Winning the Game of Wealth

http://clicks.aweber...ij8TyELo1nYOqaw

In the past 3 videos I've sent you, you have learned about the 5 Pillars of Wealth.
And if I were to to summarize the 3 most important lessons in the series...

1. Money is important therefore it should be studied.
2. Wealth is a choice, while poverty is a result of not making that choice.
3. Wealth is a process, that's why anyone can become wealthy.

That online seminar series was meant to be just the "awakening" course.
Pang-pa gising lang talaga siya sa mga walang malay tungkol sa pera.

Today in this video, (now that you're already "awake")...
I show you the exact steps on what it takes to win the game of wealth.

Video Link: The Conclusion - Winning the Game of Wealth


http://clicks.aweber...ij8TyELo1nYOqaw


P.S.
This is going to be the start of a financial literacy revolution!
To be a part of this movement, just click the link below:

Video Link: The Conclusion - Winning the Game of Wealth

http://clicks.aweber...ij8TyELo1nYOqaw

7) Here, you'll learn about a tool that will make investing
"hyper-convenient" and "super-profitable"

>> Video 4: Practical Investing

http://clicks.aweber...aYWeXWOuqQYVg_Q

Investing isn't just about the money.
It's about what you can do with the money after.

It's about more dreams being fulfilled.
It's about more beautiful memories being created.
It's about more people being loved.



>> Video 4: Practical Investing
http://clicks.aweber...aYWeXWOuqQYVg_Q

8) Time to take action!
It's time to take the leap and get started with investing!

>> Video 5: Taking the Leap

ACTION STEPS that show you the EXACT steps you need to take
to get START in the world of the stock market.

Here's what you'll get in the video:
an instructional guide on how to get started and create and account
an inside tour of COL's website
a downloadable 1-page resource and action guide (super valuable!)
With these things you're be all set to get started and take the leap.
You're already mentally, emotionally and intellectually ready.


The only thing left is for you to actually do it
So take the Leap and you'll be able to Invest Within the Week!

>> Video 5: Taking the Leap

http://clicks.aweber...cXYlGXdLBEGsBpw

This is the last video in the online seminar series.

9) What is your gameplan for becoming wealthy?

Do you have a structured approach to budgeting your money?
Is your budget aligned with your real life goals?
Or Is it just budgeting, for bugeting's sake?

Do you understand how you should use the different financial tools
based on your unique goals and financial objectives?
Or are you investing just because 'sabi maganda daw'...

Are you confident that if you keep doing what you're doing now...
that you will be able to achieve your goals in life?
Or is it just "blind-optimism", na puno ng "sana" or "bahala na".

>> Learn how to create a financial gameplan here.

http://clicks.aweber...sFLbjt4AtZ0zExg

These are hard questions to answer.
Masakit sa ulo, kasi serious topic talaga eh.
But this email is only for people who are serious about their goals...

If you're SERIOUS about creating a better life for yourself and your loved ones...
If you want to LEARN how to World of Money works...
If you want to KNOW how you can achieve financial freedom, step-by-step...
If you want to be CONFIDENT in your daily money decisions...

Then Its highly recommend that you get Game of Wealth Premium Seminar.
It is an online seminar, with 8-hours worth of comprehensive content about:

Wealth Mindsets, Saving Techniques, Budgeting, Getting Out of Debt,
Insurance, Healthcare, Mutual Funds, UITFs, Equities, Bonds, Tithing,
Fate Funding, Gamification, Passive Income, Real Estate, Network Marketing
and so much more....

The bottom line is, after going through the online program...
you will ensure that EACH peso you spend, and EACH activity you engage in
will bring you closer to your financial goals and aspirations.

>> Details of the seminar can be found here

http://clicks.aweber...sFLbjt4AtZ0zExg

10) Many people know that they SHOULD be investing.
Some people know HOW to invest already.
But only very few are ACTUALLY investing.

This problem really bothered me, so I thought about it.
For some reason there are "things" that hold people back.
Things that we know exist, but can't quite figure out and overcome.

Investing is not only about the money. Nor is it about knowing how to do it.

There are 3 specific barriers that must be overcome.

Psychological Barriers
Personal Barriers
Social Barriers.
To the few who are already investing, it was by CHANCE on how they overcame these barriers.
But to most, an active effort must be done to overcome them.



>> Overcoming the Barriers to Investing



There's a segment there where my fellow investors share their experiences.
You'll get to learn all about it in the video.

If you know "something" has been holding you back with investing...
You'll find it here in this video. Watch it, and break free!

If you're already one of the few who have started to invest,
this will motivate you to keep doing what you're doing.

>> Overcoming the Barriers to Investing

http://clicks.aweber...E84OAAPAz6Egx2g

11) > Q&A Session Video Training

http://www.stockmark...earn/qa-session

This Q&A video contains 80+ mins worth of amazing content.
We talk about stock market crashes, and what to do about them.
We talk about other investments like Mutual Funds, UITF's and VULs as well.
and sooo many more.

>> Q&A Session Video Training

http://www.stockmark...earn/qa-session

12) "The most expensive money mistakes are the ones you have no idea you're making."

Article Link: 3 HIDDEN Costs of Being Financially Ignorant

http://clicks.aweber...uQljWWizNBtQ.qA


By the way, you can also forward this article to friends and family.
After all, the game of wealth is a TEAM GAME.
The more you're surrounded by financially successful people,
the more you'll be sticking to your commitments and goals.

Just click the link below to read the article:
>> 3 HIDDEN Costs of Being Financially Ignorant

http://clicks.aweber...uQljWWizNBtQ.qA

13) In this blog article you can learn how he was able to start investing,
with a meager P11,500 per month salary, while supporting 2 kids.

>> Continue reading his story here.

http://www.stockmark...oys.com/?p=1610

14) In this Q&A video we talked about:
Family and Money
Being a "Slave to Money"
Dealing with Foreign Currency
SSS and GSIS (and how the pension is a SCAM!)
Estate Planning 101
VUL vs. Mutual Fund + Term Insurance
and much more!

Youtube Link here:

15) Lets REVIEW:

Video 1: The Goals of Investing
Link: http://www.stockmark...ls-of-investing

Video 2: Basics of the Stock Market
Link: http://www.stockmark...e-stock-market/

Video 3: Investing Strategies
Link: http://www.stockmark...s-of-investing/

Video 4: Practical Investing
Link: http://www.stockmark...ical-investing/

Video 5: Taking the Leap
Link: http://www.stockmark...aking-the-leap/

Bonus Video: Overcoming Barriers to Investing
Link: http://www.stockmark...s-to-investing/

Bonus Stock Market Q&A Session
Link: http://www.stockmark...earn/qa-session


16) May ipon ka ba?
Nakakapag ipon ka ba?

The skill of saving money is SO IMPORTANT!
It's the building block to all forms of wealth.
Without savings, you can't invest.
Without savings, you can't start a business.
And even if you manage to borrow money for the business,
if you can't manage that money well, you'll be buried under debt!

So if you're someone who has still trouble saving...
I uploaded a short video for you in Youtube.

http://clicks.aweber...GHH._NiWDppdGVA

Link: How to Save Money

http://clicks.aweber...GHH._NiWDppdGVA

17) In the big picture... investing is actually EASY to do.
It just becomes DIFFICULT if you're not yet ready to invest.

Link: 7 Things You Need to Have Before Investing

http://clicks.aweber..._BwflJqKBsOI.xQ

Do you think you can build a 3rd floor
if you haven't started building the 1st and 2nd floor?
Of course it's going to be tough
because you still don't have a solid foundation.

Investing works in the same way.
You first need to have a solid foundation.
If you want investing to be easy for you.
Otherwise, it's going to be difficult, unsustainable and even impossible.


Link: 7 Things You Need to Have Before Investing

http://clicks.aweber..._BwflJqKBsOI.xQ

So you build a good financial foundation
for your current and future investments.

18) Money is always being associated
with greed, materialism and other bad stuff.
(Thanks to all the bad, evil and greedy people out there...)

But have you ever heard of the term "Holy Money"?
Do you believe that money CAN be holy?

Watch the video: Holy Money


19) There is a poverty conspiracy going around.
It's the reason why many Filipinos are poor,
while only a few people are able to achieve real wealth...

It's been going around for a very long time.
And even the people you love the most, and your closest friends
can actually be spreading this conspiracy.

Read all about it here:
"10 Popular Sayings on Money - That You Should NEVER Believe"
http://www.stockmark...noys.com/?p=526

Right now, a lot of people are getting "enlightened" with this article.
In the same way, people were probably "awoken" when they read Noli Me Tangere or El Filibusterismo.
But this time, it's about fighting the Pinoy poverty conspiracy.

Read all about it here.
"10 Popular Sayings on Money - That You Should NEVER Believe"

http://www.stockmark...noys.com/?p=526

20) Do you have a crystal clear understanding
on how financial products work?
How they differ? What's their purpose?
How to use them?

If it's unclear to you, then you can start learning today!
I created a video about Insurance vs. Investments
(Very basic, very simple, just about 6 mins long)

Click here to watch the video:
Insurance o Investment?


21) Here's a short that can reassure you
of your long-term investing strategy in the stock market:
Video Link: Stock Market Update from the Chairman
http://www.stockmark...c/videoupdates/

22) "The Stock Market WON'T Make You Rich"

It's kind of k*ll-joy and depressing isn't it?

But do I agree with it?

Absolutely.

>> Click here to learn why.

http://clicks.aweber...eLd7lrJJEpCas0g

In this latest article, you will learn about the proper expectations
you should have as you invest in the stock market.
This way, you can set realistic and achievable goals,
while understanding what else you have to learn
in order to achieve your financial goals.

Click the following link to read the article:

>> Why the Stock Market Won't Make You Rich (and What To Do About It)

http://clicks.aweber...eLd7lrJJEpCas0g

23) Click the link below to watch the Q&A Videos:
http://pinoymoneyaca...es/qa-sessions/

Also, the Resource Guide is also ready for download.

Click the link below to download the Resource Guide:
http://pinoymoneyaca...resource-guide/

24) When you shared the stock market with your friends and family,
What kind of reaction did you get?

Did they STOP you because it was risky?
Did they ASK you to teach them?
Or did they simply didn't care?

" 5 Stock Market Myths
and how to answer/overcome them as well "

Youtube Video Link: Top 5 Stock Market Myths

http://clicks.aweber...OVGQJp4upNmtOdw

In this video, you can really help
clarify the misconceptions about the stock market.

And in the off-chance that you're still not yet investing...
Then this video can remove some the most common obstacles.

Youtube Video Link: Top 5 Stock Market Myths

http://clicks.aweber...OVGQJp4upNmtOdw

25) WARNING!

Are you familiar with the social status trap?
This is the (DANGEROUS) belief that by climbing the social ladder,
you are also improving your financial stability.

This wrong belief is the reason why many people are poor.
Because they buy things that will only make them FEEL or LOOK rich.
But actually have a negative impact to their wealth.

I shot a very quick video about it here:
Youtube Link

(This video is just 5 mins long, but the lessons you're learn will last for a lifetime.)

26) Last April 2014 was one of the biggest IPO's in the country.
Double Dragon (DD) spiked to 50% gain during its first day
rose further to 135% gain 30 days later,
and by May 14, it had already rose to 263% gains!
Triple digit gains in such a short amount of time!

Now, its good that people are making money,
these events can also make a lot of people GREEDY and STUPID.
That's why I felt the need to create this video about IPOs,
so you have a REALISTIC sense of both the benefits and risks of IPOs.

Here's the Youtube Link:

(Sorry to have to be KJ about all this fast/hot/quick money)
But responsible investing is much more important that emotions.

27) Do you think you are financially fit?

Actually there is no standard test for that - but these articles
could give you a good idea of where you are already.

Here are the links:

Test #1: 7 Financial Milestones to Reach Before You Hit 30
(Have you reached these milestones?)

http://clicks.aweber...MULZF2PL2umrIHA

Test #2: 17 Things Yuppies Need to Know to Win the Game of Money
(Can you guess these 17 things?)

http://clicks.aweber...AVwcA_9FNesKg5Q

28) Let me ask you a quick question - which would you rather have?
a.) 2 FREE Cute Puppies OR
b.) Money enough to pay for 4 years of college in a premier university?

Of course B is the obvious choice!
But do you know that a LOT of people choose A?
And they do it over and over and over again as well?

This financial error is due to the lack of understanding
of the concept of OPPORTUNITY COST.
Simply put, its the opportunity lost when you decide to buy one thing over another.

In this new video, you will learn how seemingly small, and harmless choices,
can actually hold us back from our most important goals in life.
Find out how it happens and how to prevent it by clicking here.

http://clicks.aweber...HJbI80p4p5W26jA

Lot's of small but powerful lessons in this video!

which would you rather have?
2 FREE Cute Puppies OR Money enough to pay for 4 years of college in a premier university?

http://clicks.aweber..._Mn.TeaPlngu3Mg

#25 neville

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Posted 06 October 2014 - 01:05 PM

At this point, I really wish for a big windfall to get me out of my debt woes once and for all.

Tsk!

#26 goodboy053081

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Posted 07 October 2014 - 12:56 AM

FREE Personal Financial Coaching and Financial Literacy Seminar

Do YOU want to:

Provide for all your family's daily needs and some wants?
Secure your children's education?
Have a comfortable retirement?
Have peace of mind when it comes to your finances?
Pursue your passions in life without worrying about money?
If you answered yes to any of the following questions,
then We happily invite you to a free live financial literacy seminar
and personal coaching session!

In this seminar you will learn how to build a solid financial foundation
and also get a financial coach to guide you to how to personalize your financial plan.

We just like to share with you that this is a seminar
that Bo Sanchez himself attended many years ago.
This seminar and coaching was a part of his transformation
from a poor preacher to a millionaire missionary.

Do you want financial security and freedom for your loved ones?

Would you like to build a solid financial foundation
and increase your income at the same time?

Attend the FREE Personal Financial Coaching and Financial Literacy Seminar
by the IMG-Truly Rich Maker’s Team as soon as possible!

What People Are Saying…

The IMG-Truly Rich Makers are “missionaries of financial literacy ” helping one family at a time achieve financial freedom. The team advocates financial literacy, discipline and entrepreneurship to help create wealth. Here are a few things people have to say about the IMG-Truly Rich Makers Seminar:

“I recommend that you these meetings and seminars because you will learn how to grow your finances, how to become financially free, and how to solve your financial problems. You’ll learn it step by step, and so much more.”

Bro. Bo Sanchez – Motivational Speaker, Financial Advisor

“What I love about these Free Financial Literacy Seminars by IMG-TRM is that they give you sound investing principles and really empower Filipinos be smarter with their money (unlike other with pseudo-education just to make you buy their products…). Here you get real coaching and education, so you’ll get REAL results!

J3 Patino – RFP, Advocate for Financial Literacy

“I believe I had so much to give, pero hindi ko alam kung saan ilalabas. So I was praying to the Lord to use me… then he introduced me to IMG. I believe with what I know now, this is just the beginning, and the best is yet to come!

Dulce Calija – Ilocos, PH

What Will You (Exactly) Learn from the Seminar?

There are two parts to this training event. Part 1 is the seminar for the financial concepts. Part 2 is the coaching where a financial coach will help you apply these concepts. The topics will include (but not limited to) are the following:

The Six (6) Steps to Financial Security/Freedom
The X-Curve Concept of Financial Planning
The Four (4) Major Needs for a Complete Financial Plan
Creating Multiple Streams of Income (Active, Portfolio, Passive, Royalty)
Understanding Different Investment Levels, Vehicles and Strategies
How to Become Your Own Financial Adviser and Earn from it!
Bonus: One-on-One Financial Coaching to apply what you learned…
and many more….
Who Should Attend This Seminar?

We believe that everyone should be financially educated (because money is a part of everyone’s life), the people who will gain the most are:

Young Professionals – who want to get a ‘head start‘ in building a strong financial foundation for their future.
Responsible Parents – who want to prepare for their children’s future financial needs
Dedicated OFWs – who want to secure their families future, and be with them permanently
Aspiring Entrepreneurs – who want to shift from the corporate world, to building a flourishing business of their own
Soon-to-be-Retirees – who want to have a comfortable and meaningful lives during their retirement
Note: If you do not belong to any of the groups above (like students), but still want to learn, then of course you are still welcome!
For couples, you are encouraged to attend the seminar together with your partner, because money after-all is a team game.

When and Where is the Next Seminar?

The FREE financial literacy coaching and seminars are conducted weekly in Metro Manila – Makati City.
The usual schedules are during Tuesdays, Thursdays and Saturdays.

Makati City – Chino Roces cor. Dela Rosa (9F King’s Court Bldg 1)
Every Tuesday, Thursdays and Saturdays

What else should I know about the seminar?

Will I be sold anything?

At the end of the seminar, there will be a coaching session where you will be presented with the 3 Levels of Investing. At this point, the partner products of IMG will be presented. Feel free to ask your assigned coach anything about the investments available, and take as much time as you need (don’t be shy). Because the main focus oof IMG is your education first, and the selling comes second. That’s one of the unique things about this seminar (and that’s the only reason why I’m endorsing this seminar). The focus is real financial education and money management strategies. Take a look at what a fellow personal finance blogger has to say:

“Unlike most companies whose focus is in selling their products, IMG is more focused on educating and helping people increase their financial I.Q. – because they believe that when you understand the importance of saving and investing – then you’ll already take it upon yourself to develop a financial strategy and learn more about their products and services!”

Fitz Villafuerte – Financial Blogger and Advocate
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#27 bigandstrong1

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Posted 18 September 2015 - 12:42 AM

I'm looking for advices from financial planners and rich folks who managed to retire early.

I'm 35 this month, no dependents and projecting I will be single forever.

Currently, I have savings and mutual funds. Im also paying off my card debt which will be paid off by november and personal loans which in my current plan, will be paid off next year.

I have work and plan to take my Master's next sem.

What investments do I need to buy for my long term gain? Should I tweak my budget and payment scheme to reach my goals quicker?

Thanks!

1.Pay all your debts fisrt.

2. Dapat meron kang specific goal na dabat mong ma reach.

3. kung alam mo na ang goal mo ay pang long term goal. Invest in equity funds, kung short term goal naman ang plan mo invest in bond funds



#28 neville

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Posted 17 December 2015 - 12:19 PM

And I have not cleared my debts still...Tigas kasi ng ulo.

 

The good news is, I am finally on the way to clearing both long-term and short-term debts.

 

I guess it will take four years on my present income before I finally get rid of them.  At least I finally have the discipline to really act on it.  :)

 

And yes, I'm saving money along the way.  I can't neglect my savings project.  



#29 Lordace13

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Posted 24 January 2016 - 11:37 PM

Which is better mutual,equity funds or bonds?

#30 bigsam

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Posted 25 January 2016 - 02:02 AM

Which is better mutual,equity funds or bonds?

 

depends on your risk appetite..

 

mutual - there are 3 kinds, aggressive, conservative, and in the middle.  

equity funds - aggressive, high risk / high gain

bonds - conservative, low risk / low gain



#31 bigsam

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Posted 25 January 2016 - 02:06 AM

And I have not cleared my debts still...Tigas kasi ng ulo.

 

The good news is, I am finally on the way to clearing both long-term and short-term debts.

 

I guess it will take four years on my present income before I finally get rid of them.  At least I finally have the discipline to really act on it.   :)

 

And yes, I'm saving money along the way.  I can't neglect my savings project.  

 

it's good that you will clear your debts soon..  but even before considering investing, meron pang more important issues..  emergency fund and insurances.  when/if bad luck hits, all your investing will be wiped out if you don't have these two.



#32 Lordace13

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Posted 29 January 2016 - 10:57 PM

Meron po ba dito may insight tukol sa Forex?

#33 Dominator93

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Posted 09 March 2016 - 10:44 PM

Meron po ba dito may insight tukol sa Forex?

 

What insights do you want ba? I'm currently trading in forex through a clearing house based here in the Philippines. How much do you plan to invest ba?? I can endorse you to my financial consultant right now. She's good and the company itself will teach you not only about forex and how to trade, they will guide you on how to trade wisely. If you have any questions, fire away!!  :rolleyes:



#34 ven

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Posted 17 March 2016 - 11:16 AM

anyone here know of a brokerage firm who offers trading and buying & selling of foreign stocks and foreign Mutual funds?



#35 WizRider

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Posted 14 September 2016 - 06:32 PM

Mga Sirs, GMs and Girls. I'm an insurance advisor from Sun Life Financial. Anybody here interested in getting a life insurance with investments on mutual funds please PM me or contact me at my mobile no. 09224852755. We can set up a meeting to discuss this.

 

Thanks and God Bless!



#36 MrGrey

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Posted 14 September 2016 - 06:50 PM

Sharing what I'm doing as a regular employee. (Other's might have a better financial plan for employees like me, feel free to share and compare)

 

The moment I graduated college, I am on my own so it means that I'm paying for everything from my basic needs. When I started working, for my first year I don't have savings on me. I used all my money for my living expenses (25%Living Quarters including appliances that I need, 25%Food and other expenses going to work) while 50% of my salary goes for clothes, and other expenses like eating outside and giving back to my family. As my second year started, I planned on saving for emergency purposes. My financial structure were design as follows:

 

1. 20% - Savings (First thing to consider before anything)

2. 20% - For potential investment

3. 40% - Living Expenses

4. 20% - Excess funds which I can use for anything that I can enjoy (This is needed, you are working to live not to die so make use of your money to satisfy yourself)

5. There are always an excess for #3 and #4 (at least for me who doesn't go out a lot) you can always put it into good use for next payroll. Don't spend everything just because you already have savings (if possible).

 

I am living alone and somehow survived :D. As for me I used my budget for investment in PAG-IBIG FUND contribution as it has 4% annual interest (more or less depending on effective rate) which is a lot bigger than banks. I also started buying shares of some companies and went for dividends not for buying and selling when it fluctuates as I am busy monitoring the movement due to my own work. We also made a small business with co-workers and now is a great help for my financial needs (You have to choose your partners though and of course, the nature of business), for starters you will be the owner/employee since you will start small but soon it will all be worth it. Also don't hesitate in getting medical cards as it will help you in case of need.


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#37 moreley

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Posted 16 September 2016 - 01:59 AM

Yup that sounds like a good plan...also if your SSS contributions isnt maxed out yet you can go higher and your employer is supposed to match it or at least go as high as it can too.

Another investment is investing in yourself...check the company for any seminars or training programs they can sponsor for you. As usual, credentials do help a lot when looking for other employment opportunities.

#38 neville

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Posted 01 January 2017 - 11:46 AM

I'm glad to see that there are people who let this thread flourish.

 

Right now, I finally have managed to discipline myself with my spending.  No more credit cards for the past three months.  So far, all my expenditures are all done in cash.  I am one debt down. I have determined this year's big purchases and listed the period and amount I should set aside every payday.

 

I still have yet to find a part time job to add to my income.  Discipline really is the key word for this year.

 

Here's to a better 2017 everyone.  :)


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#39 blue+george

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Posted 02 January 2017 - 05:11 PM

financial planning is easy. doing the plan is difficult. same as diet and exercise. easy to say, difficult to do.

 

1. earn (the more the merrier) maybe get a high paying job

2. invest (do this as early as you can) this has a lot of meaning (invest in the stock market, bonds mutual blah blah blah) basically invest in something that in your own research grows overtime. that's my deifinition.

3. save what's left after investing. (this is not for spending) for your future business venture, it takes time to save, research and start. so rather than buying a new iPhone or pc or a new car, try saving to buy or start a new company. this way it will help you pay off more expenses in the future. (for you kids out there, you can thank me after you hit 40 or 50) for you guys who are in the 40's do catch up, you still have time. for those in the 50s no point already... just survive and try to save more for your hospital bills that will be coming soon.

4. expenses - minimize. kung mahilig kayo gumastos o magyabang o pomorma, gimik, uminom at mag bisyo, mga tol, pag tanda nyo palamunin din kalalabasan nyo... yun ay kung aalagaan kayo ng mga anak nyo and provided may pera sila. most likely, kapos kulang din sila sa budget. look around, pare pareho lang tayo ng problema. so if you cant solve your problems today or in the near future... get ready to suffer more... you may need to beg if need be... so wag maaksaya.

5. d na baleng simple lang ang pamumuhay, importante, covered na ang future nyo.... (learn from the experience of older people, ask them what they did and where are they now) may chance pa para ma change nyo future nyo...

 

cheers :) happy new year


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#40 neville

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Posted 17 March 2017 - 10:38 AM

cash transactions all the time...that's what i do now.  Thank you for the strong advice and the good example, ate :)

 

i'm more disciplined with the budgeting...sometimes i slip, but not enough that i resort to using plastic.  

 

my ate helping me a few months ago with my money woes, was a great help.  Having a second job is also a boon to my financial situation.  

 

i am optimistic that all my debts (to my ate, included) will be paid off this year.

 

 

 

 

let's revisit this post come December 2017 :)






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