money Financial Planning

[kengamboa]

Try also to concentrate how to increase your income, not lessen your expenses. You can only lessen your current expenses by just a small margin lang. Unlike the ceiling for your income growth is much higher.

 

Quick example how long does it take now to commute to work and back home. Maybe 3-5 hours during rush hours. Why not just rent a place near your work the time and energy that you saved use it to learn or study new things or do a sideline business at home, online etc. Plus your more focus the next day at your work. More attentive can take more assignments.

[kengamboa]

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.

We all have different personalities kasi for me I always say if your young don't look for that oh "do what you love", "follow your passion". Pansin mo who are the people that usually says these things, people that are already well off and comfortable already in their life. When your still young do what makes you the most money, then as you get older you can shift to the ones that you love or passionate about.

 

Younger self = stress and pressure.

Older self = stress free and secured.

[kengamboa]

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.

 

Is that you mr. Ramsey? Haha just kidding sorry can't resist.

[neville]

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.

 

 

Ah, the family inheritance factor. Bad trip ako sa parents ko dahil puro sama ng loob ang ipinamana nila. Walang properties. Hahahahaha

 

Money-wise, dahil maykaya kami noong bata ako, sanay na akong di materyoso. Basta malaki ang cash reserve ko, doon ako masaya.

[neville]

We all have different personalities kasi for me I always say if your young don't look for that oh "do what you love", "follow your passion". Pansin mo who are the people that usually says these things, people that are already well off and comfortable already in their life. When your still young do what makes you the most money, then as you get older you can shift to the ones that you love or passionate about.

 

Younger self = stress and pressure.

Older self = stress free and secured.

 

 

I'm 42. I'm over that hustle hustle mentality. I choose the opportunities offered my way. If the job requires too much work for not so much, I'm inclined to reject it.

 

I prefer jobs that require work and pay a lot. Di ko na titipirin ang sarili ko.

Is that you mr. Ramsey? Haha just kidding sorry can't resist.

 

 

Nah. Wealth Arki is my go-to finance gang. Registered Financial Planners sila dito sa Pilipinas.

 

May sira-ulo sa kanila kaya masayang manood sa videos nila.

[Papa Popoy]

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

 

Gusto ko sanang makipagyabangan kaya lang 10k rupiah lang per day ko e 😂😂😂

Syangapala neville, mas malaki ang pera kapag humaharap ka sa tao..kaya tara na kitain mo na ako 😂✌️

[kengamboa]

I'm 42. I'm over that hustle hustle mentality. I choose the opportunities offered my way. If the job requires too much work for not so much, I'm inclined to reject it.

 

I prefer jobs that require work and pay a lot. Di ko na titipirin ang sarili ko.

 

 

Well yes at that age you should. I'm 55 but I still miss those start up stages, doing brand recognition is what I miss the most. I do enjoy stressful situations the high for me once we overcame it is unmatched.

[neville]

Gusto ko sanang makipagyabangan kaya lang 10k rupiah lang per day ko e

Syangapala neville, mas malaki ang pera kapag humaharap ka sa tao..kaya tara na kitain mo na ako ✌️

 

 

Ano ka, interest rate o dividend? Hahahahahahaha

 

 

I'm 42. I'm over that hustle hustle mentality. I choose the opportunities offered my way. If the job requires too much work for not so much, I'm inclined to reject it.

 

I prefer jobs that require work and pay a lot. Di ko na titipirin ang sarili ko.

 

 

Well yes at that age you should. I'm 55 but I still miss those start up stages, doing brand recognition is what I miss the most. I do enjoy stressful situations the high for me once we overcame it is unmatched.

 

 

Well, if there is one high or pressure that I really enjoy, it's cooking for other people. Especially meat-eaters. To know that they savor the vegetarian food I made for them is a hit for me. Worth every second spent working my ass off in the kitchen.

[Flash_Brown]

asking all the FINANCIAL GURUS out here....if you can save PhP5,000 a month, would you save it in a bank?? ayoko kasi ilaban sa stock market baka mag depreciate yung pera ko....

 

any other ideas except bank deposits???

 

thanks....

[kengamboa]

Not a guru just my personal opinion. Marami kasing factor like are you still young? Married? Any dependents? Will suggest lang on what I will do. If I'm in my early 20's single no dependents. I would just act like I'm broke use that 5k to invest in myself like get books, attend seminars, maybe enroll in a online class or something go out meet other people in your same field attend events etc. Then try to find another opportunity na with those set of new skills/knowledge or connections to get a better salary.

 

For me kasi 5,000 is not really going to cut it that's 60k a year 600k in 10 years you'll be a millionaire in 17 years. You have to consider the inflation pa.

 

Oh about the investing I would suggest save up to 100k before you start thinking about investing into something. And never stocks might as well go to a casino na lang nag enjoy ka pa. Your first investment should be a sure thing or low risk. I know paulit ulit ko sinasabi real estate pero for me yun na pinaka lowest risk e unless overprice mabili mo it worked way for our ancestors its still working now.

 

My grandpa always advice me don't focus on getting rich quick focus on getting rich for sure.

[MRROUGHSEX]

Try also to concentrate how to increase your income, not lessen your expenses. You can only lessen your current expenses by just a small margin lang. Unlike the ceiling for your income growth is much higher.

 

Quick example how long does it take now to commute to work and back home. Maybe 3-5 hours during rush hours. Why not just rent a place near your work the time and energy that you saved use it to learn or study new things or do a sideline business at home, online etc. Plus your more focus the next day at your work. More attentive can take more assignments.

I actually did this. I used to live in QC and traffic was horrible to Makati so I rented in Makati and converted my car to a taxicab. I hired a driver to drive it in morning till night and then after work, I would drive bar girls home for extra money.

 

While it may not have increase my salary that much, the focus and learning on my job was heightened which served me well when I moved to US.

[MRROUGHSEX]

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.

Haha thanks for being honest Don KG. I'm happy for anyone making money and congratulating you for having prior foundation to build on. The key is you are smart enough to build on it unlike others who waste their opportunities and worse, bankrupts what was built already.

 

 

[MRROUGHSEX]

asking all the FINANCIAL GURUS out here....if you can save PhP5,000 a month, would you save it in a bank?? ayoko kasi ilaban sa stock market baka mag depreciate yung pera ko....

 

any other ideas except bank deposits???

 

thanks....

Right now I would definitely do it in stocks because down big ang PSEI. There is this First Metro ETF that will allow you to buy into a diversified group of company's stocks para less risks. The key is investing NOT trading. Just regularly put money in the same ETF and watch if grow over time. Meron din Mutual Funds like BPI Equity Value Fund if you prefer it to be actively managed.

[kengamboa]

I actually did this. I used to live in QC and traffic was horrible to Makati so I rented in Makati and converted my car to a taxicab. I hired a driver to drive it in morning till night and then after work, I would drive bar girls home for extra money.

While it may not have increase my salary that much, the focus and learning on my job was heightened which served me well when I moved to US.

 

It's not always about how much you will earn more on having a consistent mindset that your not wasting time bet you felt better driving on those late nights rather than at home watching tv haha...

 

Nah the properties are not inherited I was the blacksheep of the family mostly my siblings went to UP while I barely got a college degree then had a bad deal while working on the family business. Felt bad then went to the US to my sister, and work in HP for 3 years. Came back when my dad wanted a side business. Started with 8M capital back in 1993 learned the trade and today it grew more than the main family business which I'm already out of. Then when it came to inheritance I just asked to be the sole owner of that business that I grew didn't want to argue with my other siblings so they got all the properties and businesses instead.

[Flash_Brown]

Not a guru just my personal opinion. Marami kasing factor like are you still young? Married? Any dependents? Will suggest lang on what I will do. If I'm in my early 20's single no dependents. I would just act like I'm broke use that 5k to invest in myself like get books, attend seminars, maybe enroll in a online class or something go out meet other people in your same field attend events etc. Then try to find another opportunity na with those set of new skills/knowledge or connections to get a better salary.

 

For me kasi 5,000 is not really going to cut it that's 60k a year 600k in 10 years you'll be a millionaire in 17 years. You have to consider the inflation pa.

 

Oh about the investing I would suggest save up to 100k before you start thinking about investing into something. And never stocks might as well go to a casino na lang nag enjoy ka pa. Your first investment should be a sure thing or low risk. I know paulit ulit ko sinasabi real estate pero for me yun na pinaka lowest risk e unless overprice mabili mo it worked way for our ancestors its still working now.

 

My grandpa always advice me don't focus on getting rich quick focus on getting rich for sure.

 

thank you so much bro, I am nearing 50 na din kasi.....though my parents have assets and sa aming magkakapatid naman mapupunta yun in the future....but syempre I want to be stable for the rest of my life, I have earnings din kasi and ok naman siya but it's best na may makukuha ka in cases of emergency...

 

thanks again bro