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40 Something


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  • 4 weeks later...

 

Php500K by 40 is a nice goal. Then add another Php500K every 5 years.

Of course the higher you can save the better. Labas na dapat dyan yung purchase and payment of house/condo.

 

40: Php0.5M

45: Php1.0M

50: Php1.5M

55: Php2.0M

60: Php2.5M

65: Php3.0M

Revised figures.

 

40: Php0.50M

45: Php0.75M

50: Php1.50M

55: Php2.25M

60: Php3.50M

65: Php5.00M

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40-44 is really hard. Sabay sabay gastos -- mortgage, car and family living expenses. Hndi naman pwede iwasan. The savings start small but get bigger as you reach 45. Ewan, siguro sa experience ko lang kasi galing ako from poor parents. Started from zero and destitution. But I'm proving that one can get away from the vicious cycle of poverty, yun nga lang you need all 44 years to do it and consistently not make bad decisions.

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