Your Expert Opinion's Please.

[powerplay]

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I know someone who has a similar dream of owning a house and lot at a young age. His master plan considering his time table, cash flow, work, etc was perfect. He was able to pay the lot in less than 2 years thru pag-ibig. However as time passed by, his expenses started to grow because he had to support his family, some people got sick and he had to help pay the bills, etc. He also starting investing in life insurance and some personal investments for his future. So his cash flow changed tremendously. With his savings, he can already afford to build a house now, but his priorities have changed. Liquidity is more important now than ever.

It is good to have big dreams. Getting a house is probably going to be one of the biggest expenses in our life. If you spend everything on it early without considering savings for your future, you might get stuck at some point. Furthermore, are you sure that you will live in that house till you retire? If you get married and have your own family already, can you raise your family there? You have to take note that your property will stay put and you cannot bring it with you if you decide to move elsewhere in the future. Try to think about your cash flow again, and consider your possible future expenses too. It will be wiser to invest your savings in something that will be able to make it grow. And then you can use the earnings you get for your future house

[sammedriano]

@powerplay; thank you for your insights. By increasing cashflow, do you recommend investing in saving plans just like PRU Life UK's savings plan?

[makie29]

Investments such as mutual funds, UITFs, and VULs are designed for long term. If you need the money in the next 1 to 5 years, it may help a little but not on a full extent not unless if dako gyud kaayo nga kwarta imong iinvest.

[mckoy_slipstream]

@mckoy_slipstream;
Say I finish school, had worked in-line with my course and earning a decent salary/month, would it be more cost effecient to start off buying a lot only? Or some house and lot?

Thanks

that would depend on your immediate need to established residence. if kinahanglan na jud nimo na mubalhin, then, it's better you get a house and lot. if not, then okey yung lot muna.

time will come and you'll know the exact thing to do.

[cebu.opportunities]

^ yes, time will come... nothing to take haste at.

into real estate too.
katong lot nga gi-puchase nako, wa pa nagamit. bought a condo unit (co-ownership) (not 100% nga ganahan mo palit but luoy ko's ka tunga ky ganahan na kaayo mopalit pero in need of katunga )

this latest property bought is what really satisfies our need and dako iya income potential.

I have nothing against real estate properties but everything has it's right timing and choice of property, location, etc... What you want and need as of the moment may change few years from now.

[sammedriano]

Wow. Datua sad au aning Cebu Opportunities oi. Hehe

Yeah you're right guys. Sagdi lng nagplan nako aning pang increase og cashflow.

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Wow. Datua sad au aning Cebu Opportunities oi. Hehe

Yeah you're right guys. Sagdi lng nagplan nako aning pang increase og cashflow.

[cebu.opportunities]

^ dato/baon sa utang
mao na siya'y giingon nga na mismanage ky ga dali.
pero hinay2x nmn agi sa right track, I think so.

good thing ky daghan maka-resback... mao na siya'y good example nga dapat mangandam sa ka TS. after all, you're still young. There's still more to come.

[optimusprime]

"Yet, I wanted to be sure that I am doing it right. Sayang sad ako na save up if masayang lang sa failed nga move, diba?" its all in your subconscious only bro. All worries are baseless till u r actually doing it. Its the product of worries only, actually doing your endeavor will define truly the results. Bottomline is it all depends ur actions on how you attain your goals.. depende ra jud ang tanan nmo.. no one can dictates...

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"Yet, I wanted to be sure that I am doing it right. Sayang sad ako na save up if masayang lang sa failed nga move, diba?" its all in your subconscious only bro. All worries are baseless till u r actually doing it. Its the product of worries only, actually doing your endeavor will define truly the results. Bottomline is it all depends ur actions on how you attain your goals.. depende ra jud ang tanan nmo.. no one can dictates...

[sammedriano]

You are right bro. I'm going to do as you and Cebuopportunities say. Thanks all.

"Yet, I wanted to be sure that I am doing it right. Sayang sad ako na save up if masayang lang sa failed nga move, diba?" its all in your subconscious only bro. All worries are baseless till u r actually doing it. Its the product of worries only, actually doing your endeavor will define truly the results. Bottomline is it all depends ur actions on how you attain your goals.. depende ra jud ang tanan nmo.. no one can dictates...

- - - Updated - - -

"Yet, I wanted to be sure that I am doing it right. Sayang sad ako na save up if masayang lang sa failed nga move, diba?" its all in your subconscious only bro. All worries are baseless till u r actually doing it. Its the product of worries only, actually doing your endeavor will define truly the results. Bottomline is it all depends ur actions on how you attain your goals.. depende ra jud ang tanan nmo.. no one can dictates...