Finance 101: Building A Solid Financial Foundation

[lorenzoleo]

Lisod jud na in the first place kung wala pa nato na mindset sa pag save. But time to time kung cge na kag save, maanad ra ka. Cge naka kag pangita ug lain2x na mga portfolios asa nimu I invest ug save. Hehehe! Kung muhonong lang cguru ta cgeg pangutang, murag dili jud ta maglisod. Mas nindot na na tanan tao mu save diri sa kaugalingong nasod para ang kwarta gikan sa Gawas mahakot padong sa atong nasod. Hehehe! Imagine unsa ka dato ang Pilipinas ana kung tanan kwarta cge pasulod diri. Hehehe

[lorenzoleo]

Nindot i save ug mga insurance para maka force ka to save. Nindot ng force savings para ma disciplina ta na dili magasto. Hehehe

[cirext]

Very well then, lets start discussing one-by-one:
First, saving in long term healthcare for retirement
Here are my questions. :
1. How is it of more advantage than PhilHealth?
2. Can u discuss other advantage of it?
3. What particular company provides this service?
4. Do we have other alternative companies that offer the same?
5. F il be a marketing agent of this service , how much will i earn?
6. Pls cover other possible questions w/c i may have forgot..thanks

[knightdream]

Very well then, lets start discussing one-by-one:
First, saving in long term healthcare for retirement
Here are my questions. :
1. How is it of more advantage than PhilHealth?
2. Can u discuss other advantage of it?
3. What particular company provides this service?
4. Do we have other alternative companies that offer the same?
5. F il be a marketing agent of this service , how much will i earn?
6. Pls cover other possible questions w/c i may have forgot..thanks

pls check ur pm.

[knightdream]

bitaw i agree!

pero lisura nga dili e-gasto oiz!

actually, it's not really the "gasto" part that is "lisod". it's in the character and attitude of an individual towards savings. if we think nga "lisod" mgsave, then we surely cannot save, but if we think that it's easy and we are also willing and determine to do it, then i'm sure we can save. savings takes a lot of discipline. it's all up to each one of us.

[mr.dj]

bitaw i agree!

pero lisura nga dili e-gasto oiz!

dili man sa ingon nga dili ka mogasto, mogasto ka pero not lavish.....sa tagalog hindi labis....hehehehhe, like sa basic needs nato food, instead nga mokaon ka sa Sutokil, sa balay nalang para lessr ra imo gasto unya sa clothing sad ayaw na anang giordano shirts, mantiner lang sa ug Guitar nga shirt...ing ana ba, pareho gud ana intsik kaon lugaw, mao datu dali

[jess]

tapad sa amu ofic nai nag tinda ug lugaw... hehehe

[the_guardian]

ka-off topic ba anah!

anyways, true nga you can save if dili ka mo gasto lavishly and its not just the attitude man gud...

consider this situation, if you're the head of the family ou have 3 kids, you are trying to save money every payday, butang nimo kintahay sa bank, you already have about 10T pesos, then suddenly naay nasakit or simbako namatay...dont you think kanang imong savings dili mawala?

sometimes gud makagasto jud ka even if you are trying to save money...pero mas maayo sad jud nga naa kay saving kay atleast if every naay mahitabo naa kay makuot...

then if you're trying to invest, try to see to it nga naapay mabilin gamay for emergency cases

[jabez_rmc]

here is a simple strategy i follow and you guyz might want to benchmark:

every month i allocate my savings to following investment vehicles

1. Retirement Fund-Fund that will sustain my old years and not be dependent on SSS

2. Emergency Fund - Money in the bank that can be easily withdrawn. This is for the purpose of having easy access to money for those "trying" moments. Really dont care if i dont earn interest from this because its for emergency purposes. It prevents me from relying from loan sharks.They say, ideal is 6 months of your existing monthly income.Im trying to save good for 9 months.

3. Health Care - saving for my future hospitals bills when i retire. my current hospital bills (if needed) is taken cared of by the companies health benefit.

4. Investment Fund- saving for new business opportunities that may arise.

5. Funding of existing investments-these are retained earnings from existing businesses and return it to the business to help the business grow.

6. Passive Income fund-Placing my money on passive income investment vehicles. Target for this is that it will outgrow versus my monthly expenses/investments so i can retire early.

for most of the items above, i am still no where near from completing . but i feel blessed that slowly these are starting to come to pass...

above plan is really simple and very much duplicable...its slow, but i know its achievable.

cheers.....

[dalmacio]

i pay more attention on CASHFLOW and PASSIVE INCOME. for example: you have a monthly average expenses of 50t pesos. and you have an average monthly cashflow of 200t pesos net, accumulated from different sources like monthly rental income from real estate, average monthly retained earnings from business, computed monthly average dividends from cooperatives, computed monthly profit from farm harvest and etc.

from this 200t net monthly cashflow. you will allocate amount for monthly expenses, funds for emergency, health care, retirement, investment and reinvestment, entertainment, travel ang among others. you may never need a retirement fund for this amount. you could retire right away.

i dont rely in long term investment in stocks, mutual funds, bonds, and the likes. it should be short term or medium term investment only depending on market condition. wherein if the value of your investment become substantial, you will redeem your investment then re invest it to an asset that could give you income. long term investment on these vehicles mean, its really too long to wait the profit of your investment. to long to wait to savor the fruit of your labor. ur investment will be stucked there for a long time. planning to enjoy the benefits when u retire pa? ka dugay gud.

what i mean is. i rather focus on investment that could provide me income, whether monthly, quarterly or anually.