money Financial Planning

[MRROUGHSEX]

Congrats to Lumang Panty (baka kelangan ng labhan at kulahin ng husto? ) for thinking ahead about your life. Many people don't want to discuss savings and investing but really those 2 should be life goals.

 

Ayus mga suggestions ni Papa Popoy.

 

Dagdag ko lang, have a budget and stick to it. Iba kasi sa simula lang ok mag-save/invest tapos they give in to their caprices (darn those temptuous and delicious SPA therapists ) kaya ayan di makapagpatuloy mag-ipon. Wala naman masama dun in fact rapmasa yun but make sure it's bugetted. But being an OFW, you are in perfect position to save and invest with less temptation.

 

Good luck and welcome to the Club.

[Lumangtypan]

Congrats to Lumang Panty (baka kelangan ng labhan at kulahin ng husto? ) for thinking ahead about your life. Many people don't want to discuss savings and investing but really those 2 should be life goals.

 

Ayus mga suggestions ni Papa Popoy.

 

Dagdag ko lang, have a budget and stick to it. Iba kasi sa simula lang ok mag-save/invest tapos they give in to their caprices (darn those temptuous and delicious SPA therapists ) kaya ayan di makapagpatuloy mag-ipon. Wala naman masama dun in fact rapmasa yun but make sure it's bugetted. But being an OFW, you are in perfect position to save and invest with less temptation.

 

Good luck and welcome to the Club.

Yes sir as much as possible tinatry ko ma stretch ung budget at the same time hindi naman compromise ung condition ko dito. Salamat sa advice and noted po lahat ng inputs nyo. Silently reading lang ako before and ngayong medyo patapos na po ung emergency fund, planning to invest na agad. Pero gaya nga ng sabi ni Sir Popoy wag mag invest sa hindi naiintindihan kaya on the process of learning pa po ako.

[Papa Popoy]

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!

Financially independent means kaya mong sustentuhan ang expenses mo hanggang sa mamatay ka. It doesnt mean na dapat continuous cash flow mo. Ang calculation nyan is dapat icoconsider mo kung

1. hanggang kelan ka magtratrabaho,

2. Hanggang kelan ka mabubuhay,

3. Magkano ang savings mo habang may pinagkakakitaan ka

4. Magkano ang expenses mo per month kung wala ka nang trabaho/wala ka nang pinagkakakitaan

5. Kung gusto mo pang magwork pero nagkaroon ka ng malalang sakit (critical illness)/ disability at hindi ka na makakapagtrabo, kaya mo bang sustentuhan expenses mo?

So, sa tingin ko sa 25k pesos na current savings mo per month, hindi ka pa magiging financially independent at an age of early 30s

Pero kung gusto mong mapadali pagyaman mo, paturo tayo kay mrroughsex at kay johannbeckham 😜

Edited September 10, 2019 by Papa Popoy

[JohannBeckham]

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 hehe

Save an invest 50% or more of your take home pay and you'll be financial independent in 17 years or less.

 

Invest in Vanguard ETFs personally but im not sure dyan sa country kung nasan ka, kung may access ka sa ETF dyan. Nsa Australia ako kya i invest in www.vanguardinvestments.com

 

I currently invest in 3 ETFs:

1. Australian Shares (ASX300)

2. U.S. Shares

3. International ex. ETF

[Papa Popoy]

Save an invest 50% or more of your take home pay and you'll be financial independent in 17 years or less.

Invest in Vanguard ETFs personally but im not sure dyan sa country kung nasan ka, kung may access ka sa ETF dyan. Nsa Australia ako kya i invest in www.vanguardinvestments.com

I currently invest in 3 ETFs:

1. Australian Shares (ASX300)

2. U.S. Shares

3. International ex. ETF

Question lang sir, can you share the computation kung paano magiging financially independent in 17yrs or less if you save/invest at least 50% of take home pay? Curious lang, no special meaning.

[Lumangtypan]

Save an invest 50% or more of your take home pay and you'll be financial independent in 17 years or less.

 

Invest in Vanguard ETFs personally but im not sure dyan sa country kung nasan ka, kung may access ka sa ETF dyan. Nsa Australia ako kya i invest in www.vanguardinvestments.com

 

I currently invest in 3 ETFs:

1. Australian Shares (ASX300)

2. U.S. Shares

3. International ex. ETF

Any recommendation na platform if sa Ph ako mag start mag invest ng ETF Sir? For bonds kasi recommended ni Sir Popoy is to go to banks. Thank you for sharing this Sir

[Papa Popoy]

Any recommendation na platform if sa Ph ako mag start mag invest ng ETF Sir? For bonds kasi recommended ni Sir Popoy is to go to banks. Thank you for sharing this Sir

Try mo pala dito...

https://fami.com.ph/

[JohannBeckham]

Question lang sir, can you share the computation kung paano magiging financially independent in 17yrs or less if you save/invest at least 50% of take home pay? Curious lang, no special meaning.

Check this article https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ out.

 

This article is life changing atleast for me. I'm halfway through my F.I. journey.

[JohannBeckham]

F.A.M.I or if you like the ETF equivalent, check out their ETF. I think ticket code FMETF. Di ko lng sure kung may iba pang ETF sa Pinas pero yan ang alam ko.

 

 

In terms of brokerage, since BPI ang banko ko sa Pinas, i open an account sa BPITrade. Not sure kung sila ang pinaka mura so research mo na lng. Ang dali kasi mag transfer ng funds kapag same bank lng ang trading account at savings account mo. Less hassle ba.

[Papa Popoy]

Check this article https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ out.

This article is life changing atleast for me. I'm halfway through my F.I. journey.

Thanks for sharing. The article is good to read..but i dont think it is applicable to everyone, including myself. My expenses will be totally different when i go back to philippines for retirement. Pero ok sya kasi simple at conservative yung calculation/assumption nya. Edited September 11, 2019 by Papa Popoy

[JohannBeckham]

Thanks for sharing. The article is good to read..but i dont think it is applicable to everyone, including myself. My expenses will be totally different when i go back to philippines for retirement. Pero ok sya kasi simple at conservative yung calculation/assumption nya.

No worries PP. Yeah, its more on the conservative side which is good since your funding your 40 or 50 years retirement (assuming your retiring by 50 and you live till your 90 or heck even 100). Also depende sa lifestyle na gusto mo sa retirement syempre e.g. international travel, expensive hobbies like boats etc.

 

Ako i used the same calculation as if Im going to retire here in Australia since di natin alam ang future ng Pinas e.g. Pollution, Traffic, High crime rate and over crowding could be too much that i might not want to retire there. Pinas is just another option to me, not my one and only, do-or-die, taya pati-pamato't panabla choice.

[neville]

Any recommendation na platform if sa Ph ako mag start mag invest ng ETF Sir? For bonds kasi recommended ni Sir Popoy is to go to banks. Thank you for sharing this Sir

 

Hi, Philippine-based ako.

 

Kung komportable ka sa online transactions, you can tap COL Financial. Kung malapit ka nang umuwi for breaks or vacations, check mo website nila para sa requirements at funding. To avoid headaches when out of the country, make the initial deposit at the office itself, then start investing once the account is activated and the funds credited.

 

As for ETF aka mutual funds,COL Financial also has the platform to buy and sell them. One stop shop na siya for stocks and mutual funds. I chose Sunlife, Philamlife, First Metro, and Philequity Funds.

 

May separate stock portfolio Rin ako sa COL Financial.

 

I avoid banks here because they are annoying to deal with and the returns are usually low.

 

 

Hope it helps.

[neville]

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 😂✌️

Lower goals mean higher returns? 😆😆😆

 

Haha, veggie meat at vegetarian canton? Sure. Uwi ka muna ng Pilipinas. Pauwi ka Rin NG vegan cheese Mula sa lugar mo. 😆😆😆

[Papa Popoy]

No worries PP. Yeah, its more on the conservative side which is good since your funding your 40 or 50 years retirement (assuming your retiring by 50 and you live till your 90 or heck even 100). Also depende sa lifestyle na gusto mo sa retirement syempre e.g. international travel, expensive hobbies like boats etc.

Ako i used the same calculation as if Im going to retire here in Australia since di natin alam ang future ng Pinas e.g. Pollution, Traffic, High crime rate and over crowding could be too much that i might not want to retire there. Pinas is just another option to me, not my one and only, do-or-die, taya pati-pamato't panabla choice.

I agree. Naisip ko rin dati mag-migrate dyan but i decided to stay here in sg kasi ok naman ako dito. Ok savings ko, ok environment, nabibili ko mga gusto ko, madaling umuwi ng pinas and tingin ko mas malaki ang net income.

Sa retirement naman, decided talaga akong bumalik sa pinas. I invested in properties kaya gusto ko ring mapakinabangan. I had a chance to stay in US pero hindi ko gusto dun. Pagkagising ko pag gusto kong magbreakfast kelangan ko pang magmaneho ng more than 1km para pumunta sa mcdo 😂 dito o sa pinas labas ka lang ng bahay may makakainan ka na. Hehe. Seriously, pinakakinonsider ko ay yung mababang cost of living sa pinas. Anyway, kahit saan naman tayo magretire as long as financially independent tayo, walang problema.

 

Cheers sa pagyaman ni neville 😜😂😂😂🍻🥂

Edited September 12, 2019 by Papa Popoy

[Papa Popoy]

Lower goals mean higher returns? 😆😆😆

Haha, veggie meat at vegetarian canton? Sure. Uwi ka muna ng Pilipinas. Pauwi ka Rin NG vegan cheese Mula sa lugar mo. 😆😆😆

Lower goals mean higher tendency to relax 😜

Hahaha..wala pa akong pamasahe pauwi sa pinas 😂😂😂