money Financial Planning

[tontonibarrola]

nice thread

[neville]

lets all be rich

 

 

Let's all be rich....MINUS the complications.

Edited October 8, 2020 by neville

[neville]

Quiet for the past few weeks because I'm working on my income, catching up on romance fiction (nagsawa na sa Youtube videos, not a Netflix and chill type), and paying off my debts aka credit card installments.

 

I plan to contact a Registered Financial Adviser to get a more solid plan for my passive income and retirement. Financial Advisors aka insurance agents can only teach you so much.

 

Since I realized I still want to go abroad for further studies, I have to factor in the tuition, etc. in the picture.

 

 

 

 

Since someone opened the idea of housing a kabit in his budget, good luck to you. I am somewhat finding myself in your situation where it is the guy who will depend on me financially if i say yes to his relationship terms. No wedding, the one who earns more foots the bill, etc.

 

Thanks to the pandemic, we are forced to be in an LDR-ghosting set up.

 

Right now, I'm thinking, I might as well remain single and just hire a male house help/driver when the time comes.

 

Hilig ninyo sa sakit ng ulo.

[kengamboa]

Why are you mixing lving/residential with commercial? Paki-explain.

We are talking about investment sir. It's always the commercial spaces that will aprreaciate faster and generate ypu more income. Always has been always will. Another quick example of timing got a 90sqm commercial unit at bgc for 10M last 2007.

 

Another quick note never loan on things that will not generate you any income.

 

My advice to the young ones be frugal as much as possible. Make a financial plan I'm appalled on how many people have no concrete plan on their future my usual response from my employees are mag ipon muna sir then mag ka family na tapos makabili ng sariling bahay. Then may sariling business. I promise you that same employee will have that answer 10 years from now.

[kengamboa]

If your living in a country that have good benefits, pensions etc. your lucky here in ph your biggest expense after retirement are medical bills. I dont't know the exact stats but just look around how many Filipinos resort to borrowing money because of their love ones getting sick.

[kengamboa]

Quiet for the past few weeks because I'm working on my income, catching up on romance fiction (nagsawa na sa Youtube videos, not a Netflix and chill type), and paying off my debts aka credit card installments.

 

I plan to contact a Registered Financial Adviser to get a more solid plan for my passive income and retirement. Financial Advisors aka insurance agents can only teach you so much.

 

Since I realized I still want to go abroad for further studies, I have to factor in the tuition, etc. in the picture.

 

 

 

 

Since someone opened the idea of housing a kabit in his budget, good luck to you. I am somewhat finding myself in your situation where it is the guy who will depend on me financially if i say yes to his relationship terms. No wedding, the one who earns more foots the bill, etc.

 

Thanks to the pandemic, we are forced to be in an LDR-ghosting set up.

 

Right now, I'm thinking, I might as well remain single and just hire a male house help/driver when the time comes.

 

Hilig ninyo sa sakit ng ulo.

I feel like a lot of women now are gping to be like that not married but happy and well accomplished in life. Which is a good thing marry somoene who has the same perpective or plans as you it will last longer. Somoene who will push you to get better not ask you to slow down (because their sorry ass can't keep up)

[neville]

I feel like a lot of women now are gping to be like that not married but happy and well accomplished in life. Which is a good thing marry somoene who has the same perpective or plans as you it will last longer. Somoene who will push you to get better not ask you to slow down (because their sorry ass can't keep up)

 

 

I have my doubts. I'm just more pragmatic than the rest.

[Papa Popoy]

QUESTION TO EVERYONE

 

 

is 10,000 a day salary okay?

 

tatanggapin ko ba?

 

10k a day times 30 days

 

300k a month?

 

ok ba yun para sa pamilyadong maraming bisyo

Depende yan, kung USD yang 10,000/day tanggapin mo na...pero kung VND, tanggapin mo pa rin para matanggal mo na ang maraming bisyo mo 😂😂😂

[MRROUGHSEX]

We are talking about investment sir. It's always the commercial spaces that will aprreaciate faster and generate ypu more income. Always has been always will. Another quick example of timing got a 90sqm commercial unit at bgc for 10M last 2007.

 

Another quick note never loan on things that will not generate you any income.

 

My advice to the young ones be frugal as much as possible. Make a financial plan I'm appalled on how many people have no concrete plan on their future my usual response from my employees are mag ipon muna sir then mag ka family na tapos makabili ng sariling bahay. Then may sariling business. I promise you that same employee will have that answer 10 years from now.

Okay yan P10M commercial property. Yun kasing prior post mo sir is 180M kaya di ko naarok. I mean no matter how much a regular person saves, hindi aabot sa 180MM . Anong business lalagay mo sa unit mo Don KG?

 

So true yung comment mo about people not liking to save. Kasi inuuna yung masarap -- gimmick, foodies, yabang sa gadgets at shoes/relo/jewelries. Even if they earn a lot, wala rin nasasave.

 

Dapat visit nila itong thread na to para mainspre.

[MRROUGHSEX]

Depende yan, kung USD yang 10,000/day tanggapin mo na...pero kung VND, tanggapin mo pa rin para matanggal mo na ang maraming bisyo mo

Tinanggap ko sweldo na P1.3K/day sa Pinas in 2006 kaya bilib ako ke Don MD sa sahod nya.

[neville]

Depende yan, kung USD yang 10,000/day tanggapin mo na...pero kung VND, tanggapin mo pa rin para matanggal mo na ang maraming bisyo mo

 

 

Puwede ring 10,000 Zimbabwe dollars noong kasagsagan ng inflation nila. Hehehehehehhehehehehe

 

 

[neville]

Okay yan P10M commercial property. Yun kasing prior post mo sir is 180M kaya di ko naarok. I mean no matter how much a regular person saves, hindi aabot sa 180MM . Anong business lalagay mo sa unit mo Don KG?

 

So true yung comment mo about people not liking to save. Kasi inuuna yung masarap -- gimmick, foodies, yabang sa gadgets at shoes/relo/jewelries. Even if they earn a lot, wala rin nasasave.

 

Dapat visit nila itong thread na to para mainspre.

 

 

Hayop. 1M pesos in cash nga, halos sumuka ako ng dugo para magkaroon. 180M pa?

 

I'm on the fence about real estate properties. Managing and facing people is not to my liking.

[neville]

Tinanggap ko sweldo na P1.3K/day sa Pinas in 2006 kaya bilib ako ke Don MD sa sahod nya.

 

 

Last office pay ko ay 1100 pesos per day. Matino na yon for rank and file. BPO pa. Didn't want to take the management route. Kissing ass and dealing with people is toxic for my peace of mind. Mahirap na at baka beast mode ako araw-araw. Kaya wag na lang.

 

Kung dito sa Pilipinas si MD, baka management siya. Kung rank and file, nangangarap or nasa illegal business.

[neville]

In other news, aka my kaperahan:

 

Finally, i have my 3 month contingency fund (180,000) set.

 

9 months na lang hehehehehehe

 

Pag may 12 month contingency fund na ako, 12 months' worth of emergency fund naman.

 

 

 

Emergency fund = medical check up, instant room repairs, sudden expenses (not wants!) that are not part of the budget

Contingency fund = pantapal sa kita kapag bitin sa monthly budget ang dumating na kita sa freelancing.

[kengamboa]

Okay yan P10M commercial property. Yun kasing prior post mo sir is 180M kaya di ko naarok. I mean no matter how much a regular person saves, hindi aabot sa 180MM . Anong business lalagay mo sa unit mo Don KG?

 

So true yung comment mo about people not liking to save. Kasi inuuna yung masarap -- gimmick, foodies, yabang sa gadgets at shoes/relo/jewelries. Even if they earn a lot, wala rin nasasave.

 

Dapat visit nila itong thread na to para mainspre.

I'll be bullshitting all of you If I said I got it it from blood sweat and tears haha... I'm already a 5th generation family business here so some of it offcourse came from inheritance already. But did ventured out on other business pa.

 

As I've said be frugal at the start all my sibling are driving camry's and BMW during the 90's I was driving an old galant. (It helped that I don't have any interest in cars back then haha..) a trip to Jonas pares was already an expensive meal for me.