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#521 JohannBeckham

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Posted 01 November 2019 - 02:42 PM

Wahahahahaha...wala akong sinalihan. Napansin ko lang na maraming nanghihikayat na nagtatanong kung gusto ko daw yumaman..sinasagot ko tuloy na mayaman na ako 😂😂😂


Networking tska VUL. Those two products is what i hate the most. Pang gugulang ginagawa sa mga tao.

#522 sexdrive9000

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Posted 05 November 2019 - 08:07 PM

Gusto mong yumaman?! Sali ka na sa networking group ko. Power!!! ✌️✌️✌️
Seriously, tingin ko wala sa line of work or annual income yan. Depende sa lifestyle yan...From your total income, how much you save vs how much you spend

 

 

Outside of my superannuation (parang equivalent ng 401k sa U.S.), wla na akong ibang income generating asset. I rent, i dont own any realestate anywhere. I dont own gold (except for my wedding ring), bitcoin, or any other commodity. I just own broad based, index hugging ETFs and i own thousands of companies from holdings inside those ETFs all over the world.

I'm doing I.T.work (mainly doing business analysis) in one of the government department dito sa Australia (yes I'm a public servant, though low level lng). My income gross is a little on the high side, as i said im on the top tax bracket which means my income is greater than AUD 180k a year (its actually even greater than 200k a year). So its on a high side and im so grateful for it. Yung last sweldo ko sa Pinas is Php 38k/month gross way back in 2006 and when i started work in 2001 as a programmer my salary is Php 10k/month gross. I guess the key atleast for me is to invest in yourself (training, certification, softskills, etc.). Also dont wait for opportunity, make opportunity. Keep valuable friendship and dump toxic ones. Malaking tulong sakin nung nag abroad ako kasi mas na stretch pa lalo yung capabilities ko kasi your dealing with more diversity of cultures and practice. Whereas kung Pinas lng sobrang limited.

 

 

Para sa akin, its both. I mean may floor ang how much you can scrimp and downgrade your lifestyle (especially king may asawat anak ka at magulang and or kapatid na umaasa sa income mo). Pero wlng ceiling ang income on how you can earn more (unless you decide that enough is enough, ok na sakin Income ko, mag reretiro nko).

 

I gotta agree on the context where there's always a limit to how much one can save which would depend entirely on their line of work and income. Kahit na 100k kinikita mo per month kung ginagastos mo 100k rin ede talo ka pa ng taong kumikita ng 10k at nag sasave ng 10% ng income niya which would be 1k.

 

But someone who earns 10k and saves 10% of their income still won't be able to beat someone who earns 100k and saves 10% of his income. 

 

Johann have you ever thought of reinvesting or investing your money into things here in the Philippines or completely AUS na lahat ng investments and ipon mo?

 

Networking??? F*uck networking! I will never join any of those, and you shouldnt too

 

 

Wahahahahaha...wala akong sinalihan. Napansin ko lang na maraming nanghihikayat na nagtatanong kung gusto ko daw yumaman..sinasagot ko tuloy na mayaman na ako

 

 

Networking tska VUL. Those two products is what i hate the most. Pang gugulang ginagawa sa mga tao.

 

Gotta agree on networking/mlm. But gotta disagree on VUL, it does have value to it. Ang problem lang is na ooverpower ng drive to earn commissions ng isang insurance agent (I refuse to call most of them financial advisers since a lot don't know s@%t about finance) vs. actually teaching people on how to manage their finances and the available money making tools at their disposal. 



#523 JohannBeckham

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Posted 06 November 2019 - 11:09 AM

[quote name="sexdrive9000" post="14706206" timestamp="1572955637"
Johann have you ever thought of reinvesting or investing your money into things here in the Philippines or completely AUS na lahat ng investments and ipon mo?

Gotta agree on networking/mlm. But gotta disagree on VUL, it does have value to it. Ang problem lang is na ooverpower ng drive to earn commissions ng isang insurance agent (I refuse to call most of them financial advisers since a lot don't know s@%t about finance) vs. actually teaching people on how to manage their finances and the available money making tools at their disposal.]

First reason why im not investing my money directly in Philippine assets is because thru my international ETFs, im already indirectly invested in Philippine companies e.g. SM Investment Corp, Ayala land, BDO, JG Summit,etc. (Total of 29 Philippine domicilled companies). I don't want Philippines to overweight my international (excluding U.S.) stock allocation since Philippines is such a tiny economy compared to other economies in the world e.g. Japan, Great Britain, France, Canada, China, etc.

Second reason is I'm not 100% sure if i want to retire in the Philippines. Since Australian passport ako, i have options to retire elsewhere like Portugal, Spain, Italy,France, etc. Or heck, i could go live in regional areas here in Australia or buy an RV and drive around Australia or buy a sailing boat and sail around, its not necessary for me live overseas. So the long and short of it is, i have tons of options and i'll decide where i want to retire later when im near retirement.

Third is the simplicity of my passive approach to investment of index fund true ETF. Its set and forget. Plus filing my taxes is super easy. It only takes minutes to prepare my tax especially automatically fill in sya sa online tax form. I also focus on australian tax law and so far im up to date. My mental load is lighter kasi my asset is domiciled in Australia lng and i only have to concern myself on Australian laws/rules. Magbago bago man ang batas sa Pinas, magpapalit palit man ng presidente/senador/congress, di ako affected. Happy life.

Edited by JohannBeckham, 07 November 2019 - 04:28 PM.


#524 JohannBeckham

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Posted 06 November 2019 - 03:51 PM

 
Gotta agree on networking/mlm. But gotta disagree on VUL, it does have value to it. Ang problem lang is na ooverpower ng drive to earn commissions ng isang insurance agent (I refuse to call most of them financial advisers since a lot don't know s@%t about finance) vs. actually teaching people on how to manage their finances and the available money making tools at their disposal. 


Do you happen to sell VUL?
Do you have VUL yourself?
How much (% wise) of your investment is tied to VUL if I may kindly ask?

#525 neville

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Posted 10 November 2019 - 05:27 PM

I read an article about computing your emergency fund written by Fitz Villafuerte, RFP.

The article is found in https://fitzvillafue...ed-to-save.html

To compute for the emergency fund, the formula he used is:

Emergency Fund = (ME x 6) + (IM x 3) + (ME x IH) + PE

Using that formula, I made some adjustments to my own value. Instead of omitting my savings, insurance, and investments in the equation, I included them (turns out these three items make up 40% of my budget) and upped my no work period to 12 months (hey, I am part company owner, part freelancer).

All in all, I should save 1.3 million pesos for my emergency fund.

Currently, I only managed to scrape 10% of it.

Damn.

Hustle, hustle, hustle!!!!

#526 pinktounge

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Posted 10 November 2019 - 06:00 PM

Still better than nothing lalo kung icompare mo sarili mo sa majority ng mga pinoy right now kahit malaki sahod isang kahig isang tuka pa rin

I read an article about computing your emergency fund written by Fitz Villafuerte, RFP.

The article is found in https://fitzvillafue...ed-to-save.html

To compute for the emergency fund, the formula he used is:

Emergency Fund = (ME x 6) + (IM x 3) + (ME x IH) + PE

Using that formula, I made some adjustments to my own value. Instead of omitting my savings, insurance, and investments in the equation, I included them (turns out these three items make up 40% of my budget) and upped my no work period to 12 months (hey, I am part company owner, part freelancer).

All in all, I should save 1.3 million pesos for my emergency fund.

Currently, I only managed to scrape 10% of it.

Damn.

Hustle, hustle, hustle!!!!



#527 neville

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Posted 10 November 2019 - 08:21 PM

Still better than nothing lalo kung icompare mo sarili mo sa majority ng mga pinoy right now kahit malaki sahod isang kahig isang tuka pa rin

 

 

Hindi ko inihahambing ang sarili ko sa ibang tao.  Hard lesson learned yon.  Focus on yourself and no one else.

 

May hinahabol kasi akong goal.  Noon ko pa naisip yon...early 20s pa lang ako.  Lately, I realized that I do not like the feeling of not being able to have the money to use when an urgent or sudden expense pops up.  Ang hirap kumilos kapag wala kang iikutang lugar.  Ang hirap ng ipit ka kasi sakto lang budget mo.

 

Also, totoo ang sinabi ng ibang financial experts, tumataas ang confidence mo sa sarili mo kapag alam mong may pera ka, kesehodang mapagkamalan kang shoplifter, kapag isinampal mo sa buong staff ang card mo, mabibili mo ang lahat ng tinda nila nang walang kurap.  Kaya mo silang titigan sa mata at confidently mo silang mababara kapag minamaliit ka.  Lumalawak mundo mo kasi kahit upscale store, hindi ka mahihiyang pumasok, kasi you can afford it.

 

That is what I am after.  Naranasan ko kung paano maging kawawa kasi sapat lang pera mo.  Ayoko nang balikan yon.

 

That's why I work like I have 5 kids.  Ayokong maipit sa iisang economic strata lang.  


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#528 JohannBeckham

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Posted 11 November 2019 - 06:48 PM

 
 
Hindi ko inihahambing ang sarili ko sa ibang tao.  Hard lesson learned yon.  Focus on yourself and no one else.
 
May hinahabol kasi akong goal.  Noon ko pa naisip yon...early 20s pa lang ako.  Lately, I realized that I do not like the feeling of not being able to have the money to use when an urgent or sudden expense pops up.  Ang hirap kumilos kapag wala kang iikutang lugar.  Ang hirap ng ipit ka kasi sakto lang budget mo.
 
Also, totoo ang sinabi ng ibang financial experts, tumataas ang confidence mo sa sarili mo kapag alam mong may pera ka, kesehodang mapagkamalan kang shoplifter, kapag isinampal mo sa buong staff ang card mo, mabibili mo ang lahat ng tinda nila nang walang kurap.  Kaya mo silang titigan sa mata at confidently mo silang mababara kapag minamaliit ka.  Lumalawak mundo mo kasi kahit upscale store, hindi ka mahihiyang pumasok, kasi you can afford it.
 
That is what I am after.  Naranasan ko kung paano maging kawawa kasi sapat lang pera mo.  Ayoko nang balikan yon.
 
That's why I work like I have 5 kids.  Ayokong maipit sa iisang economic strata lang.  


Wise words from Neville! Thanks for sharing
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#529 JohannBeckham

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Posted 11 November 2019 - 06:54 PM

In the same theme ng ni share ni Neville, share ko lng tong favorite video ko from jim collins about having a "F@ck You Money"

https://youtu.be/eikbQPldhPY

Kya ipon na ng F-You Money mga tsong at Tsang!
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#530 Papa Popoy

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Posted 11 November 2019 - 08:09 PM

Hindi ko inihahambing ang sarili ko sa ibang tao.  Hard lesson learned yon.  Focus on yourself and no one else.
 
May hinahabol kasi akong goal.  Noon ko pa naisip yon...early 20s pa lang ako.  Lately, I realized that I do not like the feeling of not being able to have the money to use when an urgent or sudden expense pops up.  Ang hirap kumilos kapag wala kang iikutang lugar.  Ang hirap ng ipit ka kasi sakto lang budget mo.
 
Also, totoo ang sinabi ng ibang financial experts, tumataas ang confidence mo sa sarili mo kapag alam mong may pera ka, kesehodang mapagkamalan kang shoplifter, kapag isinampal mo sa buong staff ang card mo, mabibili mo ang lahat ng tinda nila nang walang kurap.  Kaya mo silang titigan sa mata at confidently mo silang mababara kapag minamaliit ka.  Lumalawak mundo mo kasi kahit upscale store, hindi ka mahihiyang pumasok, kasi you can afford it.
 
That is what I am after.  Naranasan ko kung paano maging kawawa kasi sapat lang pera mo.  Ayoko nang balikan yon.
 
That's why I work like I have 5 kids.  Ayokong maipit sa iisang economic strata lang.

Makakawawa ka naman parang pasan mo ang daigdig 😂✌️ Ako nman e nagseset ng realistic goal...hindi naman kelangang magwork hard, though i am also working hard 😂 ...and smart 😉 i totally agree na hindi mo dapat kinukumpara sarili mo sa iba, kasi malulungkot ka lang 😂 kung ayaw mong maniwala, try mong ikumpara Investments mo sakin...este kay JB pala 😂😂😂✌️✌️✌️

#531 neville

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Posted 11 November 2019 - 08:42 PM

Makakawawa ka naman parang pasan mo ang daigdig ✌️ Ako nman e nagseset ng realistic goal...hindi naman kelangang magwork hard, though i am also working hard ...and smart i totally agree na hindi mo dapat kinukumpara sarili mo sa iba, kasi malulungkot ka lang kung ayaw mong maniwala, try mong ikumpara Investments mo sakin...este kay JB pala ✌️✌️✌️

 

 

Hahahahahaha!!!!!!!!!!!!! May daya naman kina JB at MRS, pareho silang nasa abroad.  Monetary value pa lang, talo na ako.

 

Wala pa akong 1 M sa bangko, di pa talaga ako makakampante. :D



#532 JohannBeckham

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Posted 13 November 2019 - 05:49 AM

 
 
Hahahahahaha!!!!!!!!!!!!! May daya naman kina JB at MRS, pareho silang nasa abroad.  Monetary value pa lang, talo na ako.
 
Wala pa akong 1 M sa bangko, di pa talaga ako makakampante. :D

Yeah I agree, malaki advantage kapag nakatira at nagwo work sa first world country like U.S., Australia, Norway, etc.
Pero wag ka, we earn in dollars, but we also SPEND in dollars.

If I convert my expenses last month into pesos, here are some of it:
Grocery: Php 60k
Rent: Php 60k
Charity: Php 25k
Eat out: Php 22k
Electricity: Php 17.5k (paid quarterly)
Insurance: Php 10k
Internet: Php 2.5k
And many more.... (NOTE: I consider ourselves very frugal with this budget compared to our peers)

So yes I agree that those of us who earn dollars have big advantage, but also please be aware that we also SPEND in dollars. What matters most is the "SAVINGS RATE"! ofcourse it will be big advantage sa higher income earners to save, but if your saving the same rate as me or MRS, you will become financial independent in the same speed/velocity as us. If we both start from zero and we both save 50% of our take home and i earn 10 times as you, we willstill both become financially independent at the same time even though my income is 10 times bigger, something like 17 years or so. Simply because we save at the same rate.

Edited by JohannBeckham, 13 November 2019 - 05:52 AM.

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#533 Papa Popoy

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Posted 13 November 2019 - 10:29 AM

Hahahahahaha!!!!!!!!!!!!! May daya naman kina JB at MRS, pareho silang nasa abroad.  Monetary value pa lang, talo na ako.
 
Wala pa akong 1 M sa bangko, di pa talaga ako makakampante. :D

Ipapalit mo peso mo sa rupiah o kaya sa dong para may 1M ka na rin 😂✌️
Tama si JB, we earn dollars but we also spend in dollars. Tignan mo yung expenses nya napakataas..sa insurance at sa eat out + drink out lang ako mas mataas...+travel pa pala 😉

Edited by Papa Pipoy, 13 November 2019 - 10:30 AM.

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#534 neville

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Posted 14 November 2019 - 10:37 AM

Yeah, I get what JB and Papa Pipoy say.  Naalala ko tuloy ang sinabi ng tour guide namin sa Singapore: mataas ang cost of living doon.  They just make do with their hustle.

 

Naiisip ko tuloy na ang hard work dito ay may halong suwerte talaga.  Kahit magaling ka, kung may hindi ka ibinalik sa universe, hindi ka nito bibigyan ng kahit anong biyaya.

 

Perhaps everything is relative then.  Even with money.  We here in the Philippines see most first world currency as having the bigger value while forgetting that the cost of living in said countries is way higher.

 

Nonetheless, that does not mean that we should not continue our hustle, regardless of location or marital status.  We have to secure our future, we never know if someone can help us when we find ourselves in a bind.   That includes the family members and friends we supposedly helped.

 

Enough musing, back to hustling.  I have work to do :D



#535 JohannBeckham

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Posted 14 November 2019 - 12:22 PM

Yeah, I get what JB and Papa Pipoy say.  Naalala ko tuloy ang sinabi ng tour guide namin sa Singapore: mataas ang cost of living doon.  They just make do with their hustle.
 
Naiisip ko tuloy na ang hard work dito ay may halong suwerte talaga.  Kahit magaling ka, kung may hindi ka ibinalik sa universe, hindi ka nito bibigyan ng kahit anong biyaya.
 
Perhaps everything is relative then.  Even with money.  We here in the Philippines see most first world currency as having the bigger value while forgetting that the cost of living in said countries is way higher.
 
Nonetheless, that does not mean that we should not continue our hustle, regardless of location or marital status.  We have to secure our future, we never know if someone can help us when we find ourselves in a bind.   That includes the family members and friends we supposedly helped.
 
Enough musing, back to hustling.  I have work to do :D


I agree with you Neville!

I guess the only person you can compare yourself with is the version of yourself last week, last month, last quarter, last year, last 5 years.

If your regressing not progressing then you have a problem. I guess this is the reason i track my money (ins and outs) and my networth to see myself kung nag po progress tlaga ako.

I also unfollow certain people sa social media na mate temp akong i compare ang sarili ko sa kanila. I focus on myself and my progress and how i can optimised it without compromising my values.
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#536 MRROUGHSEX

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Posted 20 November 2019 - 07:03 AM

20191119 Updates:  

 

Property

* Reduce total debt to $58K by year-end  (currently at $58.0K)  MET

* Expect condo value to appreciate to $50K by year-end (currently at $49.7K)

* Anticipate house value to appreciate to  $280K by year- end (currently at $275.0K)

 

Savings for Current Use

* Increase college savings of children to $20K by year-end (currently at $19.2K)  

* Buttress business fund to  $65K by-year end (currently at  $77K)   (Note:  Conservative case at 92% of actual) - MET

* Save up for parents' emergency bills to $3.2K (currently at $3.2K)  - MET

 

Savings for Retirement/Future Use

* Grow retirement savings to   $170K by year-end (currently at  $171K)  (Note:  Conservative case at 92% of actual) - MET

* Drum up social security savings to $170K by year-end (currently at $171K)  (Note:  PV at $360K for age 62) - MET


Edited by MRROUGHSEX, 20 November 2019 - 07:04 AM.


#537 MRROUGHSEX

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Posted 20 November 2019 - 07:17 AM

I enjoyed reading and learning from the discussions. I especially like the talk on relativity.  For example, my house in US is $275K but I can get the same house in Pinas for 1/3 or even 1/4 of the price.  This means salary may be high here but the expenses are also.  

 

The sad part are those Pinoys here who do not save.  Typical sumasabay sa uso and kain dito gimik dun.   They don't pay down their mortgage and most of them live and stay in NY or California even though ubos pera nila sa rent or interest expense (on mortgage). 

 

But that's their problem.  :)   The good news is we all here on this thread knows the financial planning gig.  Let's keep up the great work so far AND finish the year strong!  


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#538 JohannBeckham

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Posted 23 November 2019 - 06:12 AM

Sino dito ang may nagli lista ng ins and out ng pera nyo? Do you use spreadsheet/excel, google sheet, app?

Since malapit na matapos ang tao, reflecting on your expenses for 2019, anong insight nkuha nyo looking how you spend your money this 2019?

#539 neville

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Posted 23 November 2019 - 12:27 PM

Sino dito ang may nagli lista ng ins and out ng pera nyo? Do you use spreadsheet/excel, google sheet, app?

Since malapit na matapos ang tao, reflecting on your expenses for 2019, anong insight nkuha nyo looking how you spend your money this 2019?

 

 

In ng pera care of my income.  Out ng pera care of my bills and baon.  Yung mas detalyado pang out ng pera, di ko nasusundan.

 

Kung sila lang ang pagbabasehan ko ng money flow, halos pareho lang yata ang gastos ko.  Nakatipid pa ako sa baon dahil taong bahay lang ako mula July.  Pero kung bubusisiin ko pa, medyo malabo kasi general overview lang ang ginagawa ko.  At di ko pa rin maintidihan talaga ang spreadsheet ng financial manager ko.  hehehe



#540 neville

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Posted 23 November 2019 - 12:41 PM

I enjoyed reading and learning from the discussions. I especially like the talk on relativity.  For example, my house in US is $275K but I can get the same house in Pinas for 1/3 or even 1/4 of the price.  This means salary may be high here but the expenses are also.  

 

The sad part are those Pinoys here who do not save.  Typical sumasabay sa uso and kain dito gimik dun.   They don't pay down their mortgage and most of them live and stay in NY or California even though ubos pera nila sa rent or interest expense (on mortgage). 

 

But that's their problem.  :)   The good news is we all here on this thread knows the financial planning gig.  Let's keep up the great work so far AND finish the year strong!  

 

 

Kulturang Pinoy: Ubos biyaya, bukas nakatunganga.

 

Buti na lang at dumadami na ang nagiging mas masinop sa pera nila sa loob man o sa labas ng bansa.

 

At siyempre, ilan sa kanila ay nandito sa thread na ito :)






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