How old are you? And how much is your savings na?

[april052009]

---

share pa mo guys... nindot ni ipromote nga thread for people to be inspired and be aware of finance / money handling.
sayang kay wala kaayo ni gi teach in school.

[Mygz]

Dati mi employee 3 years ago , but then my wife and I decide to focus on our pharma business. Our combined income per month is close to plus minus 160k/ month average,sometimes more than. We take home allowances of only5k each per month, we have one child , we save 10k each, so total of 30k net, sa ako, wife og bb namu per month in 3 savings passbook na Naka RSP sa bpi for investment In 3 types bonds, balanced,and equity in trust fund sa ako wife. The 60k is separate fund at other bank for monthly rolling but not used.serve as buffer fund chunk from gross of 160k. To sum up we save 110k/month. Our liabilities : 19k/month of all new ford ranger for 3years monthly amortization last march Lang nakuha, we place 500k down payment and our loan for 3 years is 600k brand new price is 1.1M, our second home is coming to take out via PAG-ibig loan of 12k/month, market value is 2.069M, but we put equity of 800k our loan is 1.1M. Nag kuha mig Condo sa Manila nasa 1st year equity pa mi og 3,888 per month kay preseling pa. Pero murag amo na ni IPA assume layo og year 2016 pa ma take out worth 1.6M. Our gas expense amount to 6k/month, living expense electric,water helper,grocery milk sa bb total.of 25k/month. Our cash Liquidity is estimated 2M in banks . Assets: first house worth 1.2M, Paper assets 600k, agri land 20hectars with Palm oil plant not bearing fruit pa possible next yr nasa expense mode pa. Jewelries worth 200k, Idont want to count.appliances / gadgets coz depreciating value. We are both 34y.o, we live in frugal lifestyle, our bb is almost 2y.o, by the way paper assets of 600k is included to our 2M liquidity apil na dinhi. Goals: if mag bearfruit na amu palm oil, start na income mu dugang mi sa paper assets for educational, retirement and grand vacation fund. Then target of at least 5door apartment if maka hatag na amu agri investment. Base on data above, mga isyoryans am I financially healthy? If you are my financial advicer , what is lacking? Am I financially free on my situation? In what stage of status profile ko na belong? Thanks your analysis is very much appreciated, gusto Lang nako mahibal an asa nako na stage...

[ACQUA di GIOIA]

OT: 5-6? For me, it isn't a good business. Too much of an interest oi. Duoton ang tawo nga nag need ug money . They don't have a choice but to go sa mga mag 5-6. It's morally wrong. There's a lot of investment opportunity out there aside sa 5-6. Just study.

Age: 22
Savings: mga 36k
Assets:Smartphone nga tag-21k, smart tv, laptop, psp, dslr

Unemployed na ko kay mo-skwela man ko balik karon. Ako kwarta gi-invest nako ug 5-6 ako rasad officemates ako gipakuha. So far, so good ang dagan sa business with the help of my bf nga kugihan kaau maningil. hehe! laagan kaau ko ug hilig ko magshopping sauna pero niabot ra ko sa point nga napul-an na ko ug shopping. Nanubra na akong sandal gani. Naguba nlng ang uban bsan wa nako nagamit. Didto rajud ko nakarealize kung unsa ko ka-gastador katong nanghanip ko sa akong kwarto. Daghan butang nga way gamit. Kas2x lang sa kwarta. Last nako nga laag sa layo was sa El Nido last month ug wa na ko plano molaag pa. Mynta mapadayon rani ako business kay murag nakauyon raman ko.
Maayo gani naa ako parents para mogasto sa pagskwela nako ug Doctor of Veterinary Medicine.

Nindut jud ning naa tay madawat bsan wa ta nagtrabaho. Lisud lang usahay kay manginahanglan jud ka ug pasensya para sa uban taw nga gahi kaau kung pareha sa akong negosyo.

- - - Updated - - -

Lacking? Insurance.

Dati mi employee 3 years ago , but then my wife and I decide to focus on our pharma business. Our combined income per month is close to plus minus 160k/ month average,sometimes more than. We take home allowances of only5k each per month, we have one child , we save 10k each, so total of 30k net, sa ako, wife og bb namu per month in 3 savings passbook na Naka RSP sa bpi for investment In 3 types bonds, balanced,and equity in trust fund sa ako wife. The 60k is separate fund at other bank for monthly rolling but not used.serve as buffer fund chunk from gross of 160k. To sum up we save 110k/month. Our liabilities : 19k/month of all new ford ranger for 3years monthly amortization last march Lang nakuha, we place 500k down payment and our loan for 3 years is 600k brand new price is 1.1M, our second home is coming to take out via PAG-ibig loan of 12k/month, market value is 2.069M, but we put equity of 800k our loan is 1.1M. Our gas expense amount to 6k/month, living expense electric,water helper,grocery milk sa bb total.of 25k/month. Our cash Liquidity is estimated 2M in banks . Assets: first house worth 1.2M, Paper assets 600k, agri land 20hectars with Palm oil plant not bearing fruit pa possible next yr nasa expense mode pa. Jewelries worth 200k, Idont want to count.appliances coz depreciating value. Base on data above, mga isyoryans am I financially healthy? If you are my financial advicer , what is lacking?

[Amen Allelujiah]

[QUOTE=ACQUA di GIOIA;14962012]OT: 5-6? For me, it isn't a good business. Too much of an interest oi. Duoton ang tawo nga nag need ug money . They don't have a choice but to go sa mga mag 5-6. It's morally wrong. There's a lot of investment opportunity out there aside sa 5-6. Just study.




Actually mas mo-opt sila ug kuha sa 5-6 nako kaysa mo-kuha sila sa Globewest (companya nga mo-lend ug kwarta) nga mas dakoan sila sa interest. 2 months to pay na ang akong 5-6 pero sa akong nabantayan ang uban paabton nila ug 2 and a half months or mo-3 months pa jud gano ang uban tungod kay ma-short sila sa sweldo usahay. Mas gaanan gani hinuon sila diri sa akong 5-6 kai ang kanang dagko nga companya nga nagpa-lend ug money, kuhaan daan ug interest plus inig kuha nila ug kwarta, kuhaan pud automatic ila sweldo every payday. Sa ako dili man. Naa ra nila ug makaya nila ug data taga-payday, and if dili, wa koi mabuhat. Plus I don't ask any collateral and dli pud ko mangita ko co-maker nila.

[marclouieyap]

Dati mi employee 3 years ago , but then my wife and I decide to focus on our pharma business. Our combined income per month is close to plus minus 160k/ month average,sometimes more than. We take home allowances of only5k each per month, we have one child , we save 10k each, so total of 30k net, sa ako, wife og bb namu per month in 3 savings passbook na Naka RSP sa bpi for investment In 3 types bonds, balanced,and equity in trust fund sa ako wife. The 60k is separate fund at other bank for monthly rolling but not used.serve as buffer fund chunk from gross of 160k. To sum up we save 110k/month. Our liabilities : 19k/month of all new ford ranger for 3years monthly amortization last march Lang nakuha, we place 500k down payment and our loan for 3 years is 600k brand new price is 1.1M, our second home is coming to take out via PAG-ibig loan of 12k/month, market value is 2.069M, but we put equity of 800k our loan is 1.1M. Nag kuha mig Condo sa Manila nasa 1st year equity pa mi og 3,888 per month kay preseling pa. Pero murag amo na ni IPA assume layo og year 2016 pa ma take out worth 1.6M. Our gas expense amount to 6k/month, living expense electric,water helper,grocery milk sa bb total.of 25k/month. Our cash Liquidity is estimated 2M in banks . Assets: first house worth 1.2M, Paper assets 600k, agri land 20hectars with Palm oil plant not bearing fruit pa possible next yr nasa expense mode pa. Jewelries worth 200k, Idont want to count.appliances / gadgets coz depreciating value. We are both 34y.o, we live in frugal lifestyle, our bb is almost 2y.o, by the way paper assets of 600k is included to our 2M liquidity apil na dinhi. Goals: if mag bearfruit na amu palm oil, start na income mu dugang mi sa paper assets for educational, retirement and grand vacation fund. Then target of at least 5door apartment if maka hatag na amu agri investment. Base on data above, mga isyoryans am I financially healthy? If you are my financial advicer , what is lacking? Am I financially free on my situation? In what stage of status profile ko na belong? Thanks your analysis is very much appreciated, gusto Lang nako mahibal an asa nako na stage...

Protection Boss You might be interested in Variable funds kana life insurance with investments sa mutual funds.. ang gamit ra ani kay naay mu stop sa drain sa imo kwarta in case any of these mahitabo

1.) Accident
2.) Disability
3.) Critical Illness "for me pinaka important"
4.) Hospital
5.) para sa imo family in case of death..

pde ka mu set maski 5k a month for 10 years.. dili nimo ma feel ang insurance fees kay mabawi sa imoha investment part sa variable fund..

- - - Updated - - -

naa pa gyud ko madugang sir Mygz, in case naa kay makita nindut nga business oppurtunity, try to invest sad ana if wala kay time, pde ka sa partnerships lang para hati2x.. pero depende rasad nimo sa imo priorities

and your kid, paanara kupot ug kwarta.. like hatagi ug sobra para niya then tudlui nga dapat dili niya mahurot and dapat naay mabilin para iyaha masave pamalit sa iya gusto sunod.. well dala nana sa ayaw ipalit tanan2x nga gusto niya para dili ma spoil and para mulearn sad cya save and work for what he wants... then if dako gyud iya masave and disciplined cya, hatagi reward like mao nani time ikaw palit sa iyaha gitiguman.. surprise2x lang hehehe

[marclouieyap]

Heheehe..kapoy bitaw usahay pero naa man sideline akung bana..cya pud nagbantay sa amoang kids..in short houseband cya...kung cya ang mo work kay mas gamay amung income...kung ako mo work mas ok...ngita cya gamay negosyo...kaso cge me kalugi...wla me know how sa negosyo.

ayaw lang give up.. if naay oppurtunity and kaya sa riks, suwayi lang.. wala ta kahiblo kanus-a mu click inyo success sa negosyo.. timing2x na ang negosyo.. ayaw mo permi sunod sa unsay naa..

[marclouieyap]

maayo pa ba musulod equities ron nga taas kaayo stocks? or huwat lang sa by june?

nindut man isulod krn panahona.. ang important thing is mkastart ka kay basin mag sige nlng nya huwat2x.. pde man ka start gamay nya puno2x as time goes by

- - - Updated - - -

Aside sa FAMI under sa Metrobank. unsay pay ika recommend niyo mga bro?

PAMI and Sun

- - - Updated - - -

ask lng ko kay naa ko kaila unya cxa akong measure sa saveings:

5 years na trabaho unya mha 600K savings. sakto raba?

It could be sakto ra or it could be kuwang rasad.. depende man sa situation sa tao.. lahi2x gyud na.. pero ang nka nindut ana, at least naa..

[Mygz]

Protection Boss You might be interested in Variable funds kana life insurance with investments sa mutual funds.. ang gamit ra ani kay naay mu stop sa drain sa imo kwarta in case any of these mahitabo

1.) Accident
2.) Disability
3.) Critical Illness "for me pinaka important"
4.) Hospital
5.) para sa imo family in case of death..

pde ka mu set maski 5k a month for 10 years.. dili nimo ma feel ang insurance fees kay mabawi sa imoha investment part sa variable fund..

- - - Updated - - -

naa pa gyud ko madugang sir Mygz, in case naa kay makita nindut nga business oppurtunity, try to invest sad ana if wala kay time, pde ka sa partnerships lang para hati2x.. pero depende rasad nimo sa imo priorities

and your kid, paanara kupot ug kwarta.. like hatagi ug sobra para niya then tudlui nga dapat dili niya mahurot and dapat naay mabilin para iyaha masave pamalit sa iya gusto sunod.. well dala nana sa ayaw ipalit tanan2x nga gusto niya para dili ma spoil and para mulearn sad cya save and work for what he wants... then if dako gyud iya masave and disciplined cya, hatagi reward like mao nani time ikaw palit sa iyaha gitiguman.. surprise2x lang hehehe

sir marc, thanks Mao pud advice sa philam agent, but then I want more inputs to as to what extent is the person fit into the definition of financially free. Imu advice is so much appreciated. Thank y thank u thank you. Amu kid at his age gi anad sige tan aw sa amu gunit calculator pati karun Gina gaya mi unsa amu lihuk, hope he'll be like us someday. Your tips are very much appreciated.

[Mygz]

OT: 5-6? For me, it isn't a good business. Too much of an interest oi. Duoton ang tawo nga nag need ug money . They don't have a choice but to go sa mga mag 5-6. It's morally wrong. There's a lot of investment opportunity out there aside sa 5-6. Just study.



- - - Updated - - -

Lacking? Insurance.

thank you sir

[makie29]

Dati mi employee 3 years ago , but then my wife and I decide to focus on our pharma business. Our combined income per month is close to plus minus 160k/ month average,sometimes more than. We take home allowances of only5k each per month, we have one child , we save 10k each, so total of 30k net, sa ako, wife og bb namu per month in 3 savings passbook na Naka RSP sa bpi for investment In 3 types bonds, balanced,and equity in trust fund sa ako wife. The 60k is separate fund at other bank for monthly rolling but not used.serve as buffer fund chunk from gross of 160k. To sum up we save 110k/month. Our liabilities : 19k/month of all new ford ranger for 3years monthly amortization last march Lang nakuha, we place 500k down payment and our loan for 3 years is 600k brand new price is 1.1M, our second home is coming to take out via PAG-ibig loan of 12k/month, market value is 2.069M, but we put equity of 800k our loan is 1.1M. Nag kuha mig Condo sa Manila nasa 1st year equity pa mi og 3,888 per month kay preseling pa. Pero murag amo na ni IPA assume layo og year 2016 pa ma take out worth 1.6M. Our gas expense amount to 6k/month, living expense electric,water helper,grocery milk sa bb total.of 25k/month. Our cash Liquidity is estimated 2M in banks . Assets: first house worth 1.2M, Paper assets 600k, agri land 20hectars with Palm oil plant not bearing fruit pa possible next yr nasa expense mode pa. Jewelries worth 200k, Idont want to count.appliances / gadgets coz depreciating value. We are both 34y.o, we live in frugal lifestyle, our bb is almost 2y.o, by the way paper assets of 600k is included to our 2M liquidity apil na dinhi. Goals: if mag bearfruit na amu palm oil, start na income mu dugang mi sa paper assets for educational, retirement and grand vacation fund. Then target of at least 5door apartment if maka hatag na amu agri investment. Base on data above, mga isyoryans am I financially healthy? If you are my financial advicer , what is lacking? Am I financially free on my situation? In what stage of status profile ko na belong? Thanks your analysis is very much appreciated, gusto Lang nako mahibal an asa nako na stage...

Just like what others has said, kulang ug protection. Aside from life insurance, you may also want to consider getting a HMO or health insurance plan. On a very basic point of view, you may need at least P3M of life insurance coverage since sa akong nasabtan, you're only spending P50T a month. P3M will make your beneficiaries survive for around 5 years. But kulang ra kaayo na ang P3M since you have a lot of assets and payables.

Since naa na man kay mga investments and I like the fact nga diversified kaayo, you may want to focus on either getting a term insurance or a VUL nga nagfocus sa protection. Term insurance is very cheap since it is providing just protection but once you outlive the plan, wala na kay protection. If VUL, medyo taas2x gamay ang premium but you're assured that you're protected at both ends: either untimely death or disability or if you outlive your plan and live too long. The difference sa premium between a term insurance and a VUL that focuses more on protection is not that much.