money Financial Planning

[neville]

Daming ganito sa writing. Malaki ang pagkakaiba ng demanding na client sa barat na gustong makaisa.

 

Hang in there. Sa simula lang mahirap.

 

Yep. Iling na lang ako noong sinabi niya parameters niya.

 

One good client should start the ball rolling.

 

 

Just politely turn them down. Yung mga ganyang clients usually ang mga problematic client. They're sometimes more trouble than they're worth.

 

Thankfully, I didn't have to. He just bolted after telling us that our fee is too high.

 

Plus point uli sa pagtatrabaho ko sa call center. Nahuli ko kung sino talaga ang kliyenteng may pambayad at kliyenteng feeling may pambayad pero wala.

[neville]

 

Share naman ng tips diyan kung pano mo na differentiate. I work in sales too so it could save me some time

 

 

Isa lang naman ang napansin ko: kung sino ang maraming reklamo at maraming arte sa pakikipag-usap, sila yung walang pambayad. Champagne taste on a beer budget mentality.

[neville]

 

That makes complete sense. Madalas kapag presyo na pinapagusapan ng client mas nadidiscourage ako kasi nararamdaman ko na di nga nila afford.

 

 

Champagne taste on a beer budget.

[neville]

Kakapanood ko ng mga videos tungkol sa "What the Rich Do the Poor Don't," may isang point akong nakuha at natandaan:

 

INVEST IN YOUR SELF

 

ayun, hinahanapan ko na ng oras ang thesis ko para matapos. tapos hinihikayat ko na business partner ko na mag-aral rin ng translation via seminars, naghahanap na rin ako ng iba pang possible pool of translators para kapag dumating ang kliyente, mabilis kaming makakakilos.

 

sama mo na ang pagsinop ng mga docs via soft copies at company write up polishing.

 

yun pala ang inam na wala pa kaming kliyente: linisin at plantsahin ang mga gusot sa negosyo.

 

 

 

 

 

 

 

Ulan pa, pera!

[JohannBeckham]

Kakapanood ko ng mga videos tungkol sa "What the Rich Do the Poor Don't," may isang point akong nakuha at natandaan:

 

INVEST IN YOUR SELF

 

ayun, hinahanapan ko na ng oras ang thesis ko para matapos. tapos hinihikayat ko na business partner ko na mag-aral rin ng translation via seminars, naghahanap na rin ako ng iba pang possible pool of translators para kapag dumating ang kliyente, mabilis kaming makakakilos.

 

sama mo na ang pagsinop ng mga docs via soft copies at company write up polishing.

 

yun pala ang inam na wala pa kaming kliyente: linisin at plantsahin ang mga gusot sa negosyo.

 

 

 

 

 

 

 

Ulan pa, pera!

And to add to your point, invest in your health (physical, mental, emotional/spiritual). Money is just one of the means for a healthier you.

[neville]

And to add to your point, invest in your health (physical, mental, emotional/spiritual). Money is just one of the means for a healthier you.

 

Yep. Health-wise, I still need to make myself get up and walk outside the house. I'm such a couch potato.

 

Ayan, mukha tuloy akong sako ng patatas. Lol

[PenetrayShawn]

anyone investing in mutual funds/UITFs that have regular income payouts? so far the only one i've heard of that has this feature is a BPI feeder fund whose name i can't recall right now. i want to try acquiring assets based on cash flow considerations

[sexycayote]

anyone investing in mutual funds/UITFs that have regular income payouts? so far the only one i've heard of that has this feature is a BPI feeder fund whose name i can't recall right now. i want to try acquiring assets based on cash flow considerations

 

Very rare for local offerings. Mostly don't have income payouts, to add they don't have a standard/regular interest out. Namely it would be tricky to rely on them for cashflow. You usually earn from capital appreciation in the local MF/UITFs. You would need to redeem/sell some of your holds to realize a profit. There are foreign fund which provide regular dividends/interest out, but you would need to invest in dollars.

 

For cash flow, better to invest in fixed income instruments. Gains might be lower, but you can their rates are fixed and are released in regular intervals. This makes cash flow more reliable.

 

 

 

Regular payouts on those kinds of investments are usually low risk but have low returns too. Is this the type that you're looking for? MFs and UITFs have a payout of anywhere from 1-8% per year (not guaranteed of course) but you could also expect the same loss. It's a good place to park your money for long-term future use, around 7-15 years or more in the future. I'd still rather put up a well thought out and planned business if you're looking for cash flow.

Business is a good option too, but it would require a bit more work.

[JohannBeckham]

Do a research on dividend growth investing. Maraming gumagawa nito. Some of they look at an index say PSE index of 30 something companies (blue chips), chech each stocks kung nag go grow ba ang dividends nila year on year and start buying those.

 

Personally since wla ako sa Pinas, i invest in ETFs which also give dividend income. I receive dividends every quarter and i see it grow over time. Like as of today, converted to Peso, im receiving around Php 150k per quarter. Its still small, but it will grow over time especially i automatically reinvest all dividends that i receive. nag a add p ako ng additional ETF shares kada sweldo every month so year on year tumataas ang dividend income ko.

 

Positive sa approach na to is kung enough na yung dividend income mo to live, you can retire na e.g. if you only need Php 100k/month to live and your dividend is 100k, you can live on your dividend without selling any of your nest egg of shares.

 

Sakin since nsa Australia ako, ang tax rule dito ay kung ang income tax rate mo mas mataas sa dividend tax rate, your dividend income will be tax at that higher income tax rate kya laki ng nawawala sa dividend income ko as of now since nsa top income tax bracket ako. Pinagiisipan ko pa if its worth opening up a trust and buy ETFs through that trust.

Edited October 31, 2019 by JohannBeckham

[Papa Popoy]

Woah that's a lot of cash in ETFs. Did a rough computation, average dividend payout is 4% per annum so if you're getting getting 150,000php a quarter you have around 15mil/php in ETFs or 427k AUD.

 

Could you share how you slowly(or quickly) you built those funds up?

Yayamanin kasi talaga sina JB at MRS 😂✌️ Tingin ko kaya nya napalago ng ganyan dahil every month continuous ang paglalagay nya sa etf..high percentage ng monthly income. Mas ok kung ang target ay greater than 50% ng monthly income mapupunta sa etf. I am doing it kaya meron din akong 150k per quarter...150k rupiah 😂😂😂

[JohannBeckham]

 

Woah that's a lot of cash in ETFs. Did a rough computation, average dividend payout is 4% per annum so if you're getting getting 150,000php a quarter you have around 15mil/php in ETFs or 427k AUD.

 

Could you share how you slowly(or quickly) you built those funds up?

I invest primarily in 3 ETFs Australia (ASX 300), U.S. (Total U.S. market index with dividend yield of measly 1.84%) and International excluding U.S. (FTSE All World ex US Index with dividend yield of 3.22%)

 

How i built it is slowly. Basically ginawa kong savings account ang brokerage account ko. All savings goes to it. And at the end of the month, kung may natira pa, i also buy ETFs with it.

 

I guess the key is increase the gap between your income and your expenses meaning plan to increase your income while minimizing your expenses (as long as it doesnt compromise on what you value).

Edited October 31, 2019 by JohannBeckham

[JohannBeckham]

Yayamanin kasi talaga sina JB at MRS 😂✌️ Tingin ko kaya nya napalago ng ganyan dahil every month continuous ang paglalagay nya sa etf..high percentage ng monthly income. Mas ok kung ang target ay greater than 50% ng monthly income mapupunta sa etf. I am doing it kaya meron din akong 150k per quarter...150k rupiah 😂😂😂

Tumpak. High savings rate (meaning high income and low expenses).

 

As long as di nako compromise values nyo. Like family togetherness, good health, security, etc.

 

Actually we are not super frugal, but we're not super lavish din nmn. We eat several times for dinner sa restaurant every week, go on holidays in differents states sa Australia and South East Asia several times a year (though short lng lng 1-2 weeks). We dont always have high savings every month pero at the end of the year our savings rate still roughly 50% of tske home and 100% of them are in ETFs.

We dont have emergency fund to tell you the truth since at the end of every budget month zero ang balance ng bank account ko.

 

Guys please dont get me wrong ha. Im not bragging or trying to show off. All im hoping is sana may mapulot kyo or matutunan sa mga sine share ko. Yan n lng ang contribution ko sa community na to.

Edited October 31, 2019 by JohannBeckham

[Papa Popoy]

Aside from ETFs do you have any other investments going on? Also if I may ask what's your line of work and how much do you earn annually?

 

Di ka naman nag mamayabang, nag tanong ako eh haha. I appreciate the honesty and your position is something I'm working towards so good job on getting there!

Gusto mong yumaman?! Sali ka na sa networking group ko. Power!!! 😂😂😂✌️✌️✌️

Seriously, tingin ko wala sa line of work or annual income yan. Depende sa lifestyle yan...From your total income, how much you save vs how much you spend

[JohannBeckham]

Aside from ETFs do you have any other investments going on? Also if I may ask what's your line of work and how much do you earn annually?

 

Di ka naman nag mamayabang, nag tanong ako eh haha. I appreciate the honesty and your position is something I'm working towards so good job on getting there!

Outside of my superannuation (parang equivalent ng 401k sa U.S.), wla na akong ibang income generating asset. I rent, i dont own any realestate anywhere. I dont own gold (except for my wedding ring), bitcoin, or any other commodity. I just own broad based, index hugging ETFs and i own thousands of companies from holdings inside those ETFs all over the world.

 

I'm doing I.T.work (mainly doing business analysis) in one of the government department dito sa Australia (yes I'm a public servant, though low level lng). My income gross is a little on the high side, as i said im on the top tax bracket which means my income is greater than AUD 180k a year (its actually even greater than 200k a year). So its on a high side and im so grateful for it. Yung last sweldo ko sa Pinas is Php 38k/month gross way back in 2006 and when i started work in 2001 as a programmer my salary is Php 10k/month gross. I guess the key atleast for me is to invest in yourself (training, certification, softskills, etc.). Also dont wait for opportunity, make opportunity. Keep valuable friendship and dump toxic ones. Malaking tulong sakin nung nag abroad ako kasi mas na stretch pa lalo yung capabilities ko kasi your dealing with more diversity of cultures and practice. Whereas kung Pinas lng sobrang limited.

[JohannBeckham]

Gusto mong yumaman?! Sali ka na sa networking group ko. Power!!! 😂😂😂✌️✌️✌️

Seriously, tingin ko wala sa line of work or annual income yan. Depende sa lifestyle yan...From your total income, how much you save vs how much you spend

Para sa akin, its both. I mean may floor ang how much you can scrimp and downgrade your lifestyle (especially king may asawat anak ka at magulang and or kapatid na umaasa sa income mo). Pero wlng ceiling ang income on how you can earn more (unless you decide that enough is enough, ok na sakin Income ko, mag reretiro nko).