MRROUGHSEX Posted August 5, 2019 Share Posted August 5, 2019 Right. I did say I will give you guys an update. Since I don't really get all the details of the financial spreadsheet my Financial Planner does for me (Basta Alam ko Kung ano Ang income, investments, at expenses ko), what I can understand is the end of the line aka the net worth figures. December 2018: approximately PhP 540,000Expected December 2019 balance: PhP 1,700,000 She estimated a growth of 222% *I can see her grin while she was making her analyses. *Let's gun for PhP 2.5 million in 2020. The business has to really take off for it to happen. *Pat on the back moment. Congrats neville! Very happyt for you. 1 Quote Link to comment
brazzerboy Posted August 5, 2019 Share Posted August 5, 2019 Right. I did say I will give you guys an update. Since I don't really get all the details of the financial spreadsheet my Financial Planner does for me (Basta Alam ko Kung ano Ang income, investments, at expenses ko), what I can understand is the end of the line aka the net worth figures. December 2018: approximately PhP 540,000Expected December 2019 balance: PhP 1,700,000 She estimated a growth of 222% *I can see her grin while she was making her analyses. *Let's gun for PhP 2.5 million in 2020. The business has to really take off for it to happen. *Pat on the back moment. WOW! Very good. 1 Quote Link to comment
neville Posted August 13, 2019 Author Share Posted August 13, 2019 Congrats neville! Very happyt for you. WOW! Very good. Salamat mga sir! Yung Lang, Wala pa Yung bayad sa last translation work ko. Di tuloy ako makapamakyaw ng stocks at mutual funds. Hahaha Quote Link to comment
Papa Popoy Posted August 13, 2019 Share Posted August 13, 2019 Right. I did say I will give you guys an update.Since I don't really get all the details of the financial spreadsheet my Financial Planner does for me (Basta Alam ko Kung ano Ang income, investments, at expenses ko), what I can understand is the end of the line aka the net worth figures.December 2018: approximately PhP 540,000Expected December 2019 balance: PhP 1,700,000She estimated a growth of 222%*I can see her grin while she was making her analyses.*Let's gun for PhP 2.5 million in 2020. The business has to really take off for it to happen. *Pat on the back moment.Why you only aim for php2.5M sa 2020??? According to your 2018 result and 2019 target, you should aim for at least php3.2M 😄Anyway, congrats! Pacanton at magpababoy ka naman 😂✌️ Quote Link to comment
MRROUGHSEX Posted August 17, 2019 Share Posted August 17, 2019 20190817 Updates: * Reduce total debt to $58K by year-end (currently at $64.0K) * Grow retirement savings to $170K by year-end (currently at $162K) (Note: Conservative case at 92% of actual) * Anticipate house value to appreciate to $280K by yea- end (currently at $272.0K) * Increase college savings of children to $20K by year-end (currently at $17.3K) * Buttress business fund to $65K by-year end (currently at $60.1K) (Note: Conservative case at 92% of actual) * Expect condo value to appreciate to $50K by-year end (currently at $49.1K) * Drum up social security savings to $170K by year-end (currently at $162K) (Note: PV at $360K for age 62) Quote Link to comment
MRROUGHSEX Posted September 9, 2019 Share Posted September 9, 2019 20190909 Updates: * Reduce total debt to $58K by year-end (currently at $62.0K) * Grow retirement savings to $170K by year-end (currently at $164K) (Note: Conservative case at 92% of actual) * Anticipate house value to appreciate to $280K by yea- end (currently at $272.0K) * Increase college savings of children to $20K by year-end (currently at $18.1K) * Buttress business fund to $65K by-year end (currently at $70K) (Note: Conservative case at 92% of actual) - MET * Expect condo value to appreciate to $50K by-year end (currently at $49.3K) * Drum up social security savings to $170K by year-end (currently at $164K) (Note: PV at $360K for age 62) Quote Link to comment
Lumangtypan Posted September 9, 2019 Share Posted September 9, 2019 Good day mga Sir! I am currently working as OFW here in middle east and I just want to seek some advice on proper investing to achieve financial freedom. Salamat po mga Sir! Quote Link to comment
Papa Popoy Posted September 10, 2019 Share Posted September 10, 2019 Good day mga Sir!I am currently working as OFW here in middle east and I just want to seek some advice on proper investing to achieve financial freedom. Salamat po mga Sir!1. Emergency fund -6months to 1year of your monthly expenses2. Invest to yourself. Get life insurance, medical insurance, etc.3. Since may work ka ngayon. Invest to get additional income. Pwede sa stocks, MF, ETF, bonds, etc.4. Invest in real estate -land, house & lot, condo, townhouse5. Share your blessings -you can transfer 50% of your salary to my account 😂😂😂✌️✌️✌️ 1 Quote Link to comment
Lumangtypan Posted September 10, 2019 Share Posted September 10, 2019 (edited) 1. Emergency fund -6months to 1year of your monthly expenses2. Invest to yourself. Get life insurance, medical insurance, etc.3. Since may work ka ngayon. Invest to get additional income. Pwede sa stocks, MF, ETF, bonds, etc.4. Invest in real estate -land, house & lot, condo, townhouse5. Share your blessings -you can transfer 50% of your salary to my account 😂😂😂✌️✌️✌️Sir regarding sa MF, ETF and bonds ano pong broker would you recommend? Thank youu Edited September 10, 2019 by Lumangtypan Quote Link to comment
Papa Popoy Posted September 10, 2019 Share Posted September 10, 2019 Sir regarding sa MF, ETF and bonds ano pong broker would you recommend? Thank youuDepende kung nasan ka..i am using stash and previously dbs vickers. Sa bonds, punta ka sa bangko..tanong ka lang dun. Quote Link to comment
Lumangtypan Posted September 10, 2019 Share Posted September 10, 2019 Depende kung nasan ka..i am using stash and previously dbs vickers. Sa bonds, punta ka sa bangko..tanong ka lang dun.Recommended po ba kumuha ng financial advisor? Thank you so much Sir Quote Link to comment
Papa Popoy Posted September 10, 2019 Share Posted September 10, 2019 (edited) Recommended po ba kumuha ng financial advisor? Thank you so much SirDepende sayo yan..in my case, yung agent ko sa insurance is also my financial adviser. Medyo tamad kasi ako sa ganyan, i mean ayokong magspend ng masyadong maraming oras. Actually, I just follow my own strategy below.1. I want less time, less effort kind of investment2. Diversify investments3. Wag pumasok sa investment na hindi naiintindihan4. Magbudget. Hindi ko iniinvest ang extra money ko. Ang budget para sa expenses ay para sa expenses...same thing with my investments. Pag may extra money, napupunta sa travel or sa luho, or sa savings account Ilang taon ka na ba sir? Kasi kung bata ka pa..you can invest to yourself to earn more. Not just by getting insurance but also by improving your skills and taking masteral degree Edited September 10, 2019 by Papa Popoy 1 Quote Link to comment
Lumangtypan Posted September 10, 2019 Share Posted September 10, 2019 Depende sayo yan..in my case, yung agent ko sa insurance is also my financial adviser. Medyo tamad kasi ako sa ganyan, i mean ayokong magspend ng masyadong maraming oras. Actually, I just follow my own strategy below.1. I want less time, less effort kind of investment2. Diversify investments3. Wag pumasok sa investment na hindi naiintindihan4. Magbudget. Hindi ko iniinvest ang extra money ko. Ang budget para sa expenses ay para sa expenses...same thing with my investments. Pag may extra money, napupunta sa travel or sa luho, or sa savings account Ilang taon ka na ba sir? Kasi kung bata ka pa..you can invest to yourself to earn more. Not just by getting insurance but also by improving your skills and taking masteral degreeJust turned 26 last month Sir and turned a year working as an OFW and gusto ko lang imaximize ung salary ko. Hoping to be financial independent by my early 30s. I am planning to have holiday by the end of this year and at the same time mag start na din mag invest kaya pasensya Sir madaming tanong hehe Quote Link to comment
Papa Popoy Posted September 10, 2019 Share Posted September 10, 2019 You are still very young. If u dont mind, ano b work mo? How much do u save every month? Honestly, mahirap yang plano mong maging financially independent by early 30’s. Syangapala, Alam mo ba ibig sabihin ng financially independent?Or ano definition mo sa financially independent?Baka kasi magkaiba tayo.Just turned 26 last month Sir and turned a year working as an OFW and gusto ko lang imaximize ung salary ko. Hoping to be financial independent by my early 30s. I am planning to have holiday by the end of this year and at the same time mag start na din mag invest kaya pasensya Sir madaming tanong heheYou are still very young. If u dont mind, ano b work mo? How much do u save every month? Honestly, mahirap yang plano mong maging financially independent by early 30’s. Syangapala, Alam mo ba ibig sabihin ng financially independent?Or ano definition mo sa financially independent?Baka kasi magkaiba tayo. Quote Link to comment
Lumangtypan Posted September 10, 2019 Share Posted September 10, 2019 You are still very young. If u dont mind, ano b work mo? How much do u save every month?Honestly, mahirap yang plano mong maging financially independent by early 30’s.Syangapala, Alam mo ba ibig sabihin ng financially independent?Or ano definition mo sa financially independent?Baka kasi magkaiba tayo.Working as a Nurse and saving around 25,000 every month po.Financially independent for me is continuous cash flow even when Im on vacation. Income is not based by salary alone.Already saved my emergency fund for 6months kaya po I'm seeking advice when it comes to investing. Salamat sa inputs Sir! Quote Link to comment
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