money Financial Planning

[MRROUGHSEX]

Good evening sir Johann,

 

1. Yes, planning on living once it's finished.

 

2. Brand new, pre selling.

 

3. At Mandaluyong, pioneer st.

 

4. Financing im going to talk with the agent if there's bank financing. Their longest is 10 year plan term.

 

5. Price is almost 2Mphp. The computation given to me for the 10yr term costs around 24k per month. In my current salary it goes within my budget.

 

 

Yes sir Hari ng Spakol, pre selling with 3% downpayment

Sounds like a great deal.

[neville]

Show and tell moment. My investment portfolio as of Jan. 28, 2019. The account was opened the second half of 2018:

 

Edited January 28, 2019 by neville

[JohannBeckham]

Good evening sir Johann,

 

1. Yes, planning on living once it's finished.

 

2. Brand new, pre selling.

 

3. At Mandaluyong, pioneer st.

 

4. Financing im going to talk with the agent if there's bank financing. Their longest is 10 year plan term.

 

5. Price is almost 2Mphp. The computation given to me for the 10yr term costs around 24k per month. In my current salary it goes within my budget.

 

 

Yes sir Hari ng Spakol, pre selling with 3% downpayment

1. Since the purpose of the property is for a roof over your head rather than investment, then your making a lifestyle choice. My only tip for that is just to enjoy your chosen lifestyle .

2. Read all the fine prints of the deal make sure that you can commit to all of it

3. I was born and raise in Mandaluyong. Good choice. May I know which apartment is this? I might buy myself.

4. Shop around! Don't just talk to your agent. Your agent might be looking after his own self interest and might put you in a mortgage where he/she will get the biggest commission which the bank will charge you for it. Shop around! Maybe go straight to banks or maybe this community would give you some tips. But I suggest you SHOP AROUND for the best (and hopefully cheapest) MORTGAGE RATE around.

5. The rule of thumb I use your housing cost should be 25% or less of your take home pay. So if your paying 24k for your housing cost, your take home pay should be atleast Php 96k (Php 130k before take). I just don't want you to be house poor man and not be slave of the bank's mortgage.

 

Again, I'm intetested to know which apartment is this

[JohannBeckham]

On the Personal Finance front, what’s the last purchase you did that somehow you wish you didn’t make? Mine is that I bought two Sony WH-1000XM3, for me and my wife. I wish I didn’t do it because of the cost, but at the same time im glad i did for i love thr noise cancelling functionality of it and YOLO right? For sure im not the only one who conflicted like these (Meaning sprinting towards financial independence at the same time would love to make pit stop and smell the roses from time to time). The last time i did this pit stop is when i bought a $2k++ espresso machine. Its a stupid mistake but man, i love it

[JohannBeckham]

Do you guys monitor the income from your dividends? I started investing in shares dito sa Australia in late 2014 and I saw how it grows through the year, from meager $426.44 in 2015 to $7,919.52 last year 2018.

 

I guess lahat nmn nagsisimula sa maliit. Here's the actual income I get starting 2015 until first quarter of 2019 on a quarterly basis.

 

Edited February 1, 2019 by JohannBeckham

[MRROUGHSEX]

20190201 Updates:

 

* Reduce total debt to $58K by year end (currently at $72.1K)

* Grow retirement savings to $170K by year end (currently at $153K)

* Anticipate house value to appreciate to $280K by year end (currently at $266.2K)

* Increase college savings of children to $20K by year end (currently at $12.6K)

* Buttress business fund to $65K by year end (currently at $55.2K)

* Expect condo value to appreciate to $50K by year end (currently at $48.1K)

Edited February 1, 2019 by MRROUGHSEX

[neville]

And because I am raring to live a more normal life in total solitude (freelancing at home sans a real set schedule), I am willing to realign my expenses in exchange for my health and sanity.

 

Thank goodness my other boss is willing to accommodate this insane episode.

 

Crossing my fingers for this year.

 

I don't want to wake up one day thinking, "What the heck had I just done?"

[neville]

On the Personal Finance front, whats the last purchase you did that somehow you wish you didnt make? Mine is that I bought two Sony WH-1000XM3, for me and my wife. I wish I didnt do it because of the cost, but at the same time im glad i did for i love thr noise cancelling functionality of it and YOLO right? For sure im not the only one who conflicted like these (Meaning sprinting towards financial independence at the same time would love to make pit stop and smell the roses from time to time). The last time i did this pit stop is when i bought a $2k++ espresso machine. Its a stupid mistake but man, i love it

A portable DVD player, a kitchen mixer set, and food steamer.

 

I have barely used them since the day they were purchased. Too lazy to remove and put them back in their boxes.

[MRROUGHSEX]

And because I am raring to live a more normal life in total solitude (freelancing at home sans a real set schedule), I am willing to realign my expenses in exchange for my health and sanity.

 

Thank goodness my other boss is willing to accommodate this insane episode.

 

Crossing my fingers for this year.

 

I don't want to wake up one day thinking, "What the heck had I just done?"

 

So you are working at home like me?

 

Fantastic!

 

I will be looking for a second job also but maybe next year the earliest. I had just my home office set up last week.

 

The thought of multiplying my take home x 2 from a second job is thrilling. i have always envied nurses and doctors who earn as much as they could in a day just because they can. For my profession, working at home and being my own Boss is the solution.

[neville]

 

So you are working at home like me?

 

Fantastic!

 

I will be looking for a second job also but maybe next year the earliest. I had just my home office set up last week.

 

The thought of multiplying my take home x 2 from a second job is thrilling. i have always envied nurses and doctors who earn as much as they could in a day just because they can. For my profession, working at home and being my own Boss is the solution.

I...

 

1. Work in a call center on weekday nights

2. Work at home for another organization as a contractor

3. Pursue a Master's degree at a university somewhere in Quezon City.

 

 

I'm going to talk with my freelance boss so I can still earn what I am earning from both jobs even if I resign from my call center job.

 

Working the graveyard shift for almost 8 years straight is taking its toll. I crave the normal sleep pattern.

 

And I can't start my other plan if I still work in an office like any regular Juan. 😁😁

[JohannBeckham]

I...

1. Work in a call center on weekday nights

2. Work at home for another organization as a contractor

3. Pursue a Master's degree at a university somewhere in Quezon City.

I'm going to talk with my freelance boss so I can still earn what I am earning from both jobs even if I resign from my call center job.

Working the graveyard shift for almost 8 years straight is taking its toll. I crave the normal sleep pattern.

And I can't start my other plan if I still work in an office like any regular Juan.

Its always good to have mutipl3 source of income. Ako sa nga sa dividends lng at sa salary nari received ko bwan bwan.

 

May mga nag aalok sakin na Aussie local to open a specialty coffee sa Makati kaso prang sakit lng sa ulo

[neville]

Its always good to have mutipl3 source of income. Ako sa nga sa dividends lng at sa salary nari received ko bwan bwan.

 

May mga nag aalok sakin na Aussie local to open a specialty coffee sa Makati kaso prang sakit lng sa ulo

Minsan stressful magmanage NG oras kapag lagari trabaho. Pero kapag lumitaw ang tseke, napapangiti ka na Lang. May sense of fulfillment siya. Sulit ang pagod.

 

Negosyo? Turo NG mga Tsinoy, bantayan mo yan, tumao ka sa puwesto Kung gusto mong lumago iyan.

 

😁

[JohannBeckham]

Kya mukang di talaga ako pwede mag business because it requires active participation on my side.

[JohannBeckham]

Guys i would like you to answer this question:

1. How much is enough? By that i mean how much money do you want to have before you can declare yourself Financially Independent?

2. How close are you in reaching the "enough" stage?

[MRROUGHSEX]

Guys i would like you to answer this question:

1. How much is enough? By that i mean how much money do you want to have before you can declare yourself Financially Independent?

2. How close are you in reaching the "enough" stage?

 

Interesting questions JB!

 

1) In US for the next 15 years, I would say $600K non-property and $400K property for a net worth of a cool million bucks. Conversion ko sa Pinas is divide by 4. That means, $150K or PHp7.5M non-property and $100K or Phph5M property, for a net worth of PHp12.5M.

 

Enough na yan. HIndi marangya, hindi rin hikahos. Middle class lifestyle.

 

2) I may be out 11 years from reaching the cool million here. Here's to 2028 for me LOL! I'll be 56 by that time.