money Financial Planning

[neville]

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?

 

Hmmmmm

 

1. PhP 6M in cash. Investments in the stock market at least 10M.

 

My actual target overall value is today's Peso equivalent of $1 M.

 

 

 

2. Malayo pa. Sandali Lang ang 10 years. Baka abutin NG 20. Almost 1M pa Lang ako. 😄😄

 

Kung madaragdagan ang active income sources, iikli ang 20 year timeframe ko.

[JohannBeckham]

1. How much is enough? In my case it's $1.5M. This should give me around $52,500 in dividends base on 3.5% dividend yield.

2. How close are you in reaching this? For me I'm 30% of the way through. I probably need another 7 years to reach this goal.

[JohannBeckham]

Hmmmmm

 

1. PhP 6M in cash. Investments in the stock market at least 10M.

 

My actual target overall value is today's Peso equivalent of $1 M.

 

 

 

2. Malayo pa. Sandali Lang ang 10 years. Baka abutin NG 20. Almost 1M pa Lang ako. 😄😄

 

Kung madaragdagan ang active income sources, iikli ang 20 year timeframe ko.

The good thing is your planning to retire in the Philippines so cost of living is much lower, which is allow you to retire early. I'm considering to retire there as well kaso lng i love Australia's free health care and awesome quality of living (less pollution as well).

[MRROUGHSEX]

The good thing is your planning to retire in the Philippines so cost of living is much lower, which is allow you to retire early. I'm considering to retire there as well kaso lng i love Australia's free health care and awesome quality of living (less pollution as well).

Maganda talaga Australia..nature.

 

Ang habol ko lang naman sa Pinas talaga is year-round beach lifestyle due to favorable beach weather. Masarap ung grilled seafood sa baybay dagat. Price affordability is a bonus but not the main consideration. Nagpapakadalubhasa na talaga ako sa skillset ko para pwede ko madala trabaho sa Pinas later on. Pag dalubhasa na ako subukan ko umuwi sa Pinas at dyan na magwork. I don't see the difference. I'm in MidSouth US, my Manager is in Gulfcoast US and my manager's Manager is in Northeast US. In short, hindi kami nagkikita. It follows it would not matter if I work in whatever address...be it Pinas address.

[neville]

The good thing is your planning to retire in the Philippines so cost of living is much lower, which is allow you to retire early. I'm considering to retire there as well kaso lng i love Australia's free health care and awesome quality of living (less pollution as well).

 

Kahit Bata pa ako, Hindi pumasok sa isip ko na tumira abroad. Para say bakasyon at aral Lang siya. Mas gusto ko pa ring dito sa Pilipinas tumira.

 

As for healthcare, hopefully mas maayos na siya rito pag retirement age na nating lahat 😊

[JohannBeckham]

Maganda talaga Australia..nature.

 

Ang habol ko lang naman sa Pinas talaga is year-round beach lifestyle due to favorable beach weather. Masarap ung grilled seafood sa baybay dagat. Price affordability is a bonus but not the main consideration. Nagpapakadalubhasa na talaga ako sa skillset ko para pwede ko madala trabaho sa Pinas later on. Pag dalubhasa na ako subukan ko umuwi sa Pinas at dyan na magwork. I don't see the difference. I'm in MidSouth US, my Manager is in Gulfcoast US and my manager's Manager is in Northeast US. In short, hindi kami nagkikita. It follows it would not matter if I work in whatever address...be it Pinas address.

Wow, that's a good deal being location independent that you are, anong gig or side hassle yan?. I'm currently a stone throw away from the beach here in Australia (like 200 meters away, natatanaw ko lng sa window ang beach), so i love it that you can just come down for a dip and do whatever after. I love the lifestyle here, but the cost is horribly high.

[JohannBeckham]

Dream dreams session:

When you reach financial independence, what do you dream doing?

 

For me it's this:

https://m.facebook.com/story.php?story_fbid=241440400069949&id=548013005612377

[MRROUGHSEX]

Wow, that's a good deal being location independent that you are, anong gig or side hassle yan?. I'm currently a stone throw away from the beach here in Australia (like 200 meters away, natatanaw ko lng sa window ang beach), so i love it that you can just come down for a dip and do whatever after. I love the lifestyle here, but the cost is horribly high.

Thanks! I'd like to think I'm one of the few advanced software developers using Inovalon, the biggest accredited platform in the US healthcare industry.

Edited February 16, 2019 by MRROUGHSEX

[MRROUGHSEX]

Dream dreams session:

When you reach financial independence, what do you dream doing?

 

For me it's this:

https://m.facebook.com/story.php?story_fbid=241440400069949&id=548013005612377

Establish my business by the beach, a dive shop. Surfing talaga love ko but as I grow older, not realistic. Scuba diving training and guiding meanwhile, I can do even when I'm old.

[neville]

Dream dreams session:

When you reach financial independence, what do you dream doing?

 

For me it's this:

https://m.facebook.com/story.php?story_fbid=241440400069949&id=548013005612377

 

 

Residing in a one-hectare tree and vegetable farm. Occasional; freelance translation, full-time research on veganizing Filipino food province by province.

[JohannBeckham]

Kahit Bata pa ako, Hindi pumasok sa isip ko na tumira abroad. Para say bakasyon at aral Lang siya. Mas gusto ko pa ring dito sa Pilipinas tumira.

 

As for healthcare, hopefully mas maayos na siya rito pag retirement age na nating lahat 😊

Totoo tlaga yung kasabihang "it's more fun in the Philippines".

 

The good thing being a dual citizen (in my case Australian + Filipino) is that I have options. If for example the Philippine government stuff up their policies for their citizens, pollution is hazardous, criminality is high, etc., then i have Australia as a fallback.

[JohannBeckham]

Establish my business by the beach, a dive shop. Surfing talaga love ko but as I grow older, not realistic. Scuba diving training and guiding meanwhile, I can do even when I'm old.

Wow scuba diving. We are lucky to have such beautiful diving sites in the Philippines and the water is warm unlike in some places in Australia or New Zealand where the water is cold.

[MRROUGHSEX]

Wow scuba diving. We are lucky to have such beautiful diving sites in the Philippines and the water is warm unlike in some places in Australia or New Zealand where the water is cold.

Yessir.

 

Kaya very year ako umuuwi. Kung magkano bonus, yun ang Budget. Minsan $3K, minsan $5K, most of the time it's in between..

 

 

[MRROUGHSEX]

20190221 Updates:

* Reduce total debt to $58K by year end (currently at $71.6K)

* Grow retirement savings to $170K by year end (currently at $153.5K)

* Anticipate house value to appreciate to $280K by year end (currently at $266.7K)

* Increase college savings of children to $20K by year end (currently at $13.0K)

* Buttress business fund to $65K by year end (currently at $55.4K)

* Expect condo value to appreciate to $50K by year end (currently at $48.2K)

[MRROUGHSEX]

I filed my income tax today and in 3 weeks will get my overwithheld tax returned. That will be my budget for this year's trip to Pinas. It will be a little over Php300,000 so that is a great budget for 3 weeks to splurge on.