money Financial Planning

[Flash_Brown]

to the fine gentlemen here, MRROUGHSEX and Mr. JohannBeckham and the ladies miss Z and MISS NEVILLE,

 

I have a friend who wants to have a big business (babuyan, poultry) in the province and she plans to sell those meat here in Manila,

 

my question is she wants to learn all about it, if you were to advise,

 

do you ask her to just enroll a short course in Business?? or talk to DTI reps or GONEGOSYO officials in terms of how to manage her business properly??? or she just hire a financial planner so that her money and business will not go under???

 

what do u suggest to her?

 

thanks everyone

[theoneandonlymistressmia]

 

 

Business side naman usapan natin eh . Re financial planning aspects hehe, what are some of your criteria for knowing when to expand your business?

 

You have to really....really make sure that your first branch is already stable enough to stand up on its own.

 

Remember, in putting up another branch not only that you will be investing again, you will also be spending for new people.

 

Most businesses fail because they usually expand and they are not ready for expansion.

 

I myself, was nabigla. I had a lot of branches.

[MRROUGHSEX]

to the fine gentlemen here, MRROUGHSEX and Mr. JohannBeckham and the ladies miss Z and MISS NEVILLE,

 

I have a friend who wants to have a big business (babuyan, poultry) in the province and she plans to sell those meat here in Manila,

 

my question is she wants to learn all about it, if you were to advise,

 

do you ask her to just enroll a short course in Business?? or talk to DTI reps or GONEGOSYO officials in terms of how to manage her business properly??? or she just hire a financial planner so that her money and business will not go under???

 

what do u suggest to her?

 

thanks everyone

I would suggest DTI (not sure what GONEGOSYO is) course and also get a referral who can be a consultant specific to her business. Also to get as much free info from internet and libraries already on hog farming and trading. I'm sure if she goes to AIM in Makati or UA&P in Pasay she can find in their library a hog farm thesis made and she can xerox those and learn the financial framework presented in the thesis.

[Flash_Brown]

I would suggest DTI (not sure what GONEGOSYO is) course and also get a referral who can be a consultant specific to her business. Also to get as much free info from internet and libraries already on hog farming and trading. I'm sure if she goes to AIM in Makati or UA&P in Pasay she can find in their library a hog farm thesis made and she can xerox those and learn the financial framework presented in the thesis.

 

ok will advise my friend on that sir, again, my thanks to your wealth of knowledge sir...

 

appreciate it...

[MRROUGHSEX]

As of 20201105:

2020 Financial Goals

Non-Net Worth:

Insurance:

* Save up for parents' emergency bills to 8K (currently at 7K)

* Increase college savings of children to 27K by year-end (currently at 30K) - MET

Net Worth:

Property

* Reduce total debt to 42K by year-end (currently at 43K)

* Expect condo value to appreciate to 52K by year-end (currently at 51K)

* Anticipate house value to appreciate to 290K by year- end (currently at 284K)

Savings for Current Use

* Buttress business fund to 100K by-year end (currently at 188K) -- MET

Savings for Retirement/Future Use

* Grow retirement savings to 210K by year-end (currently at 185K)

* Drum up social security savings to 192K by year-end (currently at 190K) (Note: PV at 360K for age 62)

* Increase % of paid tax vs deferred tax in my Retirement savings to 25% (currently at 30%). -- MET

Edited November 6, 2020 by MRROUGHSEX

[neville]

Fishing for your opinions. Humor me, guys.

 

My pillows and bed linens are due for replacement. My original option is to buy online from Dakki (a local brand known for selling reasonably priced pillows and linens). The quality's okay for its price. Think everyday, hampas lupa pillows....

 

Then I dropped by Rustan's Department Store this morning. I checked the pillows and linens. The prices were at least four times that of Dakki's. But the sales girl was right: they feel like what you'll find in good three to four star hotels. The linens, especially. I've been to a business hotel in Cebu City and the pillows were to die for. Sarap ng tulog ko.

 

My pillows now give me stiff neck days when I wake up on the wrong side of my mattress.

 

Case in point: Dakki's Body Pillow cost 800 pesos. Rustan's will charge me 2800 pesos.

The regular pillows are bigger than the pillows I use now. The firm ones are 5K, I think. The in-between soft and firm is 6K. Dakki's regular-sized pillows, which are a little smaller is around 300 pesos.

 

But the expensive ones do feel like the pillows in really good hotels.

 

I can find the budget for these pillows and linens, if I want. For me, it's a question of whether I want to enjoy that unbelievable sleep every night or if i want to prioritize the cost and hate my pillows on some occasions.

 

If I throw in my sister's argument, I should spend so much when I finally have my own place...And from the rate I'm going, it will be at least 10 years before I can finally afford to buy the place that is really to my liking.

 

What do you think?

[JohannBeckham]

Fishing for your opinions. Humor me, guys.

 

My pillows and bed linens are due for replacement. My original option is to buy online from Dakki (a local brand known for selling reasonably priced pillows and linens). The quality's okay for its price. Think everyday, hampas lupa pillows....

 

Then I dropped by Rustan's Department Store this morning. I checked the pillows and linens. The prices were at least four times that of Dakki's. But the sales girl was right: they feel like what you'll find in good three to four star hotels. The linens, especially. I've been to a business hotel in Cebu City and the pillows were to die for. Sarap ng tulog ko.

 

My pillows now give me stiff neck days when I wake up on the wrong side of my mattress.

 

Case in point: Dakki's Body Pillow cost 800 pesos. Rustan's will charge me 2800 pesos.

The regular pillows are bigger than the pillows I use now. The firm ones are 5K, I think. The in-between soft and firm is 6K. Dakki's regular-sized pillows, which are a little smaller is around 300 pesos.

 

But the expensive ones do feel like the pillows in really good hotels.

 

I can find the budget for these pillows and linens, if I want. For me, it's a question of whether I want to enjoy that unbelievable sleep every night or if i want to prioritize the cost and hate my pillows on some occasions.

 

If I throw in my sister's argument, I should spend so much when I finally have my own place...And from the rate I'm going, it will be at least 10 years before I can finally afford to buy the place that is really to my liking.

 

What do you think?

 

Just buy the damn pillow. You sleep a third of a time so splurge if you must.

[MRROUGHSEX]

Sobrang mahal. Wala bang in-between. Same quality but half the price?

[neville]

Sobrang mahal. Wala bang in-between. Same quality but half the price?

 

Pagtingin ko ng Uratex store sa Lazada, napaisip ako na baka parang Dakki rin ang quality. Pareho sila ng price point eh.

 

Tempur kako. Baka can afford ako.

 

Putsa, mas mahal pa pala sa Rustan's pillows!

[pinktounge]

Kung yung mas mahal eh mas tatagal at consistent yung tulog mo na napakasarap then go for that. Mahirap yung mura nga health mo nman ang tinatamaan di ganun din magpapadoktor ka pa. Mas mahal yun di hamak dun sa unan ng rustans lol

 

 

Fishing for your opinions. Humor me, guys.

 

My pillows and bed linens are due for replacement. My original option is to buy online from Dakki (a local brand known for selling reasonably priced pillows and linens). The quality's okay for its price. Think everyday, hampas lupa pillows....

 

Then I dropped by Rustan's Department Store this morning. I checked the pillows and linens. The prices were at least four times that of Dakki's. But the sales girl was right: they feel like what you'll find in good three to four star hotels. The linens, especially. I've been to a business hotel in Cebu City and the pillows were to die for. Sarap ng tulog ko.

 

My pillows now give me stiff neck days when I wake up on the wrong side of my mattress.

 

Case in point: Dakki's Body Pillow cost 800 pesos. Rustan's will charge me 2800 pesos.

The regular pillows are bigger than the pillows I use now. The firm ones are 5K, I think. The in-between soft and firm is 6K. Dakki's regular-sized pillows, which are a little smaller is around 300 pesos.

 

But the expensive ones do feel like the pillows in really good hotels.

 

I can find the budget for these pillows and linens, if I want. For me, it's a question of whether I want to enjoy that unbelievable sleep every night or if i want to prioritize the cost and hate my pillows on some occasions.

 

If I throw in my sister's argument, I should spend so much when I finally have my own place...And from the rate I'm going, it will be at least 10 years before I can finally afford to buy the place that is really to my liking.

 

What do you think?

[MRROUGHSEX]

Ito gamit ko, a bit lower priced than tempurpedic. It's Sealy Posturepedic.

 

https://www.amazon.com/Sealy-Essentials-Memory-Cluster-Standard/dp/B07X13C9Z4/ref=redir_mobile_desktop?ie=UTF8&aaxitk=YJ1ckT.nDtyRdNTdkw4B3Q&hsa_cr_id=1807220560401&ref_=sbx_be_s_sparkle_mcd_asin_2

[neville]

Ito gamit ko, a bit lower priced than tempurpedic. It's Sealy Posturepedic.

 

https://www.amazon.com/Sealy-Essentials-Memory-Cluster-Standard/dp/B07X13C9Z4/ref=redir_mobile_desktop?ie=UTF8&aaxitk=YJ1ckT.nDtyRdNTdkw4B3Q&hsa_cr_id=1807220560401&ref_=sbx_be_s_sparkle_mcd_asin_2

 

 

Kanina ko lang naisip.

 

Compromise. Dahil sa ngayon ay walang punda ang body pillow sa Rustan's at may Dakki online store sa Shopee, gagawin kong halo ang bili.

 

Yung unan sa ulo ay sa Rustan's bibilhin. Saktong may gift certificate ng Rustan's akong makukuha mula sa credit card ko. Kaunting ipon pa ng points at baka umabot ng 5K na gift cert ang mayroon ako. Isang unan din yon

 

Mix and match the dirt cheap and insanely expensive ones. Prioritize what needs to be expensive and buy what can be bought cheaply.

 

Okay na yon, ano?

[MRROUGHSEX]

 

 

Kanina ko lang naisip.

 

Compromise. Dahil sa ngayon ay walang punda ang body pillow sa Rustan's at may Dakki online store sa Shopee, gagawin kong halo ang bili.

 

Yung unan sa ulo ay sa Rustan's bibilhin. Saktong may gift certificate ng Rustan's akong makukuha mula sa credit card ko. Kaunting ipon pa ng points at baka umabot ng 5K na gift cert ang mayroon ako. Isang unan din yon

 

Mix and match the dirt cheap and insanely expensive ones. Prioritize what needs to be expensive and buy what can be bought cheaply.

 

Okay na yon, ano?

That's the way Donya N! Compromise. Something that works for between your needs and wants. Post ka po pic ng nabili mo ha..

[neville]

That's the way Donya N! Compromise. Something that works for between your needs and wants. Post ka po pic ng nabili mo ha..

 

 

Will do. I bought a body pillow and a regular pillow from Dakki via Shopee. I'm waiting for the shipment.

 

 

In other news, I bought PhP 5,000 worth of Premyo Bonds. The said bonds are only at 1.00% net and is good for 1 year. Minimum investment is PhP 500.00

 

These bonds do not meet my financial goals at all. But they do let me help the government in funding its projects. And hey, I'd be happy when I do get to win even the PhP50,000.00 quarterly raffle prize. Winning the bigger prizes are of course, a big bonus.

 

There is a car as part of the jackpot, but honestly, I'm happy with the PhP1M major prize

[MRROUGHSEX]

4% Discount guys!