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

[Kooperative]

---

I'm hoping that I could provide an inspiration to others here as well. Actually, dugay na ko sige basa ani nga thread but I just find it unethical to post digits here (naa say mga kaila nako diri).

Ako lang masulti is "find the thing that you want to do in life and stick to it, the money will follow". Nabasa ko pud ni nga advice sa ubang mga self help books and personal development authors like John Maxwell and Chinkee Tan (local author). Mao ni akong story:

I'm 29 years old but graduated from college at the age of 27. Nisulod ko sa college 2001, nigraduate ko 2010, in short, magna ko (mag-9 years). Actually, 1 sem na lang ang kulang, suma na unta ko (sumasampung taon sa college). Nishift ko pag 2003. Mga around 2006, my high school classmates would always ask me, "kanus-a man gyud ka mograduate?". They already have jobs and graduated on time, mga 2005 and 2006, most of them graduated. Sala pud gyud to nako since during those times, hilig kaayo ko ug sports ug computer games so dili priority ang eskwela. Honestly, medyo sakit paminawon not in a sense nga mas taas sila nako but because mas naay direction ilang kinabuhi compared sa ako. I was taking up ECE from 2003 until 2010 but though interested ko sa akong course, I just can't find the focus.

Way back in 2002, naa koy high school classmate niintroduce nako ug Forever Living. I joined without question but things didn't work out. Though nikita ko ginagmay but it didn't last long. There, I realized nga di ko pwede mamaligya. But it was an enlightenment to be kay tungod ato, it opened my mind about business and I realized nga gusto ko magnegosyo and it was stuck in my mind, negosyo na gyud ang akong huna2x pirmi.

I kept on reading books about financial planning and entrepreneurship and didto nako naencounter ang stock market trading/investing. Though I've heard about the stock market before, even kadtong high school pa ko, but just like most kids, who cares (LOL). Eventually, I ended up opening an account sa COL (Citiseconline pa to sa una) mga 2009.

There, I realized nga mao ni akong ganahan, mao ni akong interest. Not to brag but from 2009, I was able to increase my total capital by nearly 1,000% (967% to be a little more accurate) already (almost 4 years), huge thanks to LC and EEI for this one. And not to put down those classmates of mine nga sige ug kantyaw nako sa una ug "kanus-a man ka mograduate?", I'm in a lot better disposition now than they are. Mas hayahay akong kinabuhi compared nila (most of them actually).

There are two things that I'd like to share:

[1] Get to know kung unsa gyud na ang butang nga interested kaayo kay and make a career out from it. Ayaw gukda ang kwarta but gukda ang butang nga ganahan nimo buhaton. If you chase money, that is work and trust me, dali kaayo ka magluya. If you chase the things that you love to do, its not work, its fun. Let me give you an analogy. Di ba kapoy moduwa ug basketball? Di lalim magdagan2x sa court. But how come majority of us are willing to play maski kapoy? It's because it's fun. But just doing the things that you love is not enough. Also strive to be better. In my case, I realized nga stock trading ang usa sa akong gusto buhaton. I didn't stop from just merely opening an account. I kept on reading stock market trading/investing books, articles, and even asked experienced people. I made it a goal that I can trade on myself, di na ko morely sa ubang tao. Looking back, I can see that I'm a lot better investor/trader than I am 4 years ago.

[2] Second, if you do the things that you love, everything will just fall into their right place. Opportunities will open up, labi na if you are getting better with your craft. If anybody has read the book of Napoleon Hill, he stated nga if you just set your mind straight on the things that you want to do, the universe will conspire to it. Meaning, kung nakaset lang gyud na imong huna2x sa mga butang nga imong gusto, everything else will adjust and align to it. I can also attest to this since naexperience na man pud nako ni. When I was just starting, nobody cared. Why? I haven't achieved any so why would anybody care? But as soon as I was starting to get better, opportunities came up. I was starting to get invitations from companies and people. Not only that, this will also give me the privilege to filter out what opportunities should I take or not.

I hope wala mo nahambugiroan sa akong post and I hope that I have inspired a few here.
Summing it up, just get to know the things that you're passionate about and strive to get better in that field.
Your interest doesn't necessarily be the course that you have taken up in college but it should be the thing that your heart desires.
Just be sure legal ug moral lang.. LOL!

Aside from stock market trading, I'm also connected to Philam Life (still connected to the stock market and investments) and have a few businesses.

Ka relate ko nimo bro..ako kay 6.5 years man sad ko ng ECE sauna from 2 schools p jud..ahihi, I also felt that I was eating my batchmates dust. Just like you I was an eng'g student but math was always my weakest link...tuga2x p jud eng'g. By the way I'm 32 now. Like you bro I had the luxury of entering the perfect market window last 2009 financial crisis. I have super substantial gains from my stock market investments & have added assets that allow me to have my money work hard for me.

Share sad nako ako gamay ako enlightenment about money & investing. The year was 2006 & my 1st company had just closed & paid us
a severance package. I love to save & the money that my company gave me in the form of the severance package was already extra money for me since I had already instilled that habit of saving since I was the eldest in the family. I asked around up to 7 banks about their supposed investment schemes called TIME Deposits but I felt disappointed that all banks had almost the package. I felt banks were giving pennies for my investment. So I also read self hep, business books/audios which totally changed my perception of money/life.
Sometimes our life's path is far from ideal but the challenges along the way make it worthwhile since lessons are learned along the
way..

[nodols3]

Ok, since daghan naman kaayo nag talk about stocks. I'll play the devil against it. Well, not really but ani ni.
I speak partly from experience and partly from books I've read from well-known authors.

Stock Market is not for everyone. If you think the money you have now is very important to you.
Then ayaw pag stock trading.
Kay chances are, kanang kwartaha, gamiton na nimo para sa imong inadlaw nga panggastos.

To paraphrase Peter Lynch. Invest or Trade only the money that you can afford to loose.
Meaning kanang mga kwarta nga dili na nimo gamiton.
Example, common kaayo ni. Nagsige kag tigum para sa imong mahalon nga iphone,
pero actually naa nakay phone imoha nga gamit ra gihapon kaayo.
But you really really want to buy that Iphone kay because of this, that and what-not.

Kanang kwartaha pwede na kaayo na nimo i trade sa stock market.

Pero if ang imong money is gisave nimo for say:
Kay 2 years or 1 year from now gamiton nimo nang kwartaha pagpa eskwela sa imong anak, o gamiton nimo pagpatambal sa imong masakiton nga ginikanan, or kanang kwartaha gamiton nimo sa inadlaw nga kaonon.
Advices gikan sa mga nagtrade is keep it in the bank nalang.
Gamita lang ang money nga mabuhi raka bisan wala nang kwartaha.

Kasagaran man gud tingale diri kay mga single paman, mga wala pay family so ok ra kaayo or naay daghan money nga para maspare.
And money that they can live without. Pero kadtong mga minyo ug gamit kaayo ang money.
Mas maayo tingale nga dili i trade ang money sa stocks unya i save nalang sa bank.
Mao na ang gitawag nila ug emergency fund. quick assets, or Cash on hand.
Dali ra kaayo kuhaon nga kwartaha, in case of emergency.

Ang rason nako ngano are of economic reasons, advices from well-known traders, books I've read, and me personally.
Benjamin Graham would always say: People are optimistc in a bull market, and pessimistic in a bear market.
Meaning optimistic kaayo ang mga tawo kung nindot kaayo ang dagan sa economiya.
Like karon strong kaayo ang market, sigeg saka, indication of a bull market.
But ang underlying fact ana is since taas na kaayo ang market, mahal na pud kaayo ang stocks.
Kung mopalit ka ug mahal ug mokalit ug down ang stock market unya mobaligya pa gyud ka. Lugi ka.

Daghan kaayo swerte diri kay nakasakay sa stock market atong pang 2008 ~ 2009, kay barato kaayo ang stocks adto nga time.
We've seen spectacular gains ranging from 100% to even 1000% percent.
Since naa naman sa mga grabi ka tag-as nga gains ang market karon.
It is evident and I have the data to show to you nga taas na kayo ug mga mahal na kaayo ang mga stocks karon. So ang imong magain might not be as spectacular as what people are saying here nga 100%, 500% 1000% percent gain.

Now, here’s the catch.
Ayaw pagtrade, pero ang buhata is pag “invest”.
An investment operation is one in which, upon thorough analysis, promises safety of principal and an adequate return. –B. Graham.

Kani nga phrase says it all. Ang nakalisod lang sa pag-invest is you need to have that time, patience, effort, energy and character, para to research every bit of information there is para mo kita ka sa stock market. Ingon ana kalisod ang tanaw ni Benjamin Graham sa usa ka investment operation sa stock market.

Pero kana is gisimplify ni Warren Buffett and other renowned authors with facts to show it.
They are calling it dollar-averaging, or peso-averaging diri sa Philippines. If motanaw ka sa Youtube ug mga advices from Warren Buffett, buhi paman gyud to. Ang imong madungog gikan niya, when he is asked unsay iyang ikaadvice sa mga newbie investors is:

Just keep on investing on companies you know to have a good a reputation, gitawag ni ni Warren Buffet ug "great business", others call it blue chips. “Keep on investing”, Ang buot ra gyud pasabot ani is mobalik ra gyud didto sa pinakabasic nga storya nga pambata.
Ang hulmigas ug ang Tipaklong. Save for the rainy days. Ug palahion – invest for the rainy days.
I relate nato sa kang Warren Buffett.

Ibutang lang nimo ang imong money sa kahibalo kang maayo ug reputation nga company, and keep investing there. Mao nay peso-averaging.

Example mopalit ka ug shares ni Company AAA, kay you know nga ilado ug maayo na nga company, and you even go to the extreme of looking at their annual financial statements.
Sigehi lang ug palit aning shares ni Company AAA, kada sueldo, 100 shares ba kaha or pilay minimum nga lot, basta kanang makaya lang nimo. Ug kanang money nga pwede ra nimo mawala, pero mabuhi gihapon ka. Sige lang ug palit, momahal, mobarato, basta same lang amount every payday. Do it for 20 years or more.


Kana gyud daw nga paagi ang pinakadali ug pinakasayon nga in case you want to do it on your own. Matud pa nilang Warren, Benjamin, Bisan ang atong mga local or Pinoy nga authors, mao ra gyud na kuno ang pinakasayon nga paagi.

Syaro naman pud after 20 years, ibutang lang pud nato nga favorable permi ang market.
Siyaro dili na katubo ug pila ka tuig ang imong stocks or money nga gibutang sa stocks.

Though kana nga advice is for people nga wala or minus gyud ug time nga para mo buhat sa research sa mga company nga ganahan nila paliton.

Kung ganahan pa gyud ka nga mas simple pa gyud ang imong kinabuhi. Naa pa gyud.
Mo invest ka or mag peso-averaging ka sa mga mutual funds. Meaning magsige kag hatag kada sueldo nimo ug certain amount, buhata na hangtud kanus-a gusto nimo. 20 years, 30 years, 40 years. Sige lang ug hatag, don’t mind if taas, ubos, nisaka, ninaug, nagrecession, nagdepression.
Basta hatag raka permi ug money para sa stocks didto sa mutual funds nga kahibalo ka nga maayo ug nindot nga mutual fund. May it be kay imo gyud gitanaw ang ilang Financial history ug background ani nga mutual fund.

Averaging ra gyud, or peso averaging.
Ang disadvantage lang aning Mutual Funds kay naa ni siya Management Fee nga 1 or 2 or even 3% sa imong base capital per annum.

Meaning mag sige ni ug kaltas sa imong base capital, kada tuig, bisan pa ug nagrecession, nagdepression or nagbear market, or nalugi naka. Magsige ra na siya ug kaltas sa imong Capital. Dili na sa imong ginansiya ha, sa imong capital. Pero gamay raman hinuon tingale ng 1 to 3% nga kaltas.

Mao ra gyud na. Ang sa stock market or mutual funds. Don’t expect spectacular gains or returns sa imong investment, next year or the next years to come. Ang kita nga 10 percent per annum is ok na gyud na siya. Ang uban tingale moingon nga gamay, pero kana is average. Ok na para sa conservative nga tanaw.

Kana sa stock market ra or mutual funds.

By the way if naay uban diha nga mas ganahan ug mas secure pa kay sa sa banko. Ug mas dako2x gamay ug kita kay sa sa time deposit. Try ninyo ang Government Retail Treasury Bills or Bonds.

Naa na ninyo Makita sa banko. Just specifically ask for RTBs. Gamay ray nag offer. I had mine sa BDO, but I’m not sure about other banks. Kay ang uban gud wala nag offer. I'm not a fan of BDO, pero no choice kay mao ray accessible nako.
Most banks dili mo offer ana bisan pa nga mas secure na siya kay sa sa ilahang banko. Kay ang RTB’s or Government bonds is backed by no other than the Philippine Government. So ma down usa ang Philippine Government, usa pa mawala ang imong money.

Ang Time deposit sa banks has interests usually naa sa 1 to 3%, ang sa Government Bonds, usually has 5 to 7 % per annum. So mas dako gyud siya compared sa bank.
Dili lang mamaligya ang banko ana, simply because dili na ilang products, ug gamay ra ang ilang kita-on if kana ang ilang ipamaligya nimo.

If naa kay Philippine Government Bonds, utangan ang Philippine Government nimo. And the government will just print money, para lang mabayaran ka.

To summarize:

Don’t expect spectacular returns from the stock market.
Do investing and not Trading.
Invest in the long run, invest by doing peso-averaging.
Research sa maong company nga ganahan ka didto mo invest.
Ayaw I invest ang money nga kahibalo kang gamiton nimo para mabuhi ka.
Gamita lang ang money nga pwede raka mabuhi nga wala na.
Example, money pampalit ug Ipad, Iphone, PS2, LED TV, LCD TV, Mahalon nga mga electronic gadgets.

Do peso-averaging for the longest time, para imong magamit ang time, para sa imong advantage.
Invest early to take advantage of the powers of compounding.
Ayaw pataka ug sigeg ug gasto kanang mga walay silbi nga gasto-anan. Ang tawag ni R. Kiyosaki ana is doodads.
Ayaw sigeg palit ug doodads or gasto para ana.

If ganahan ka ug mas dako nga return kay sa sa time deposit sa banko, nga at max 3% ra ug mas ganahan kag mas secure pa sa banko. Palit ug Government bonds or Government Retail Treasury Bonds. Ayaw ng corporate bonds. Government RTBs gyud.

And lastly wala nako mamention.
Palit ug insurance.

[SuperStar]

thanks sa input sir.

my question, since newbie pa ko, unsaon pag invest sa government bond?

Ok, since daghan naman kaayo nag talk about stocks. I'll play the devil against it. Well, not really but ani ni.
I speak partly from experience and partly from books I've read from well-known authors.

Stock Market is not for everyone. If you that money you have now is very important to you. Then ayaw pag stock trading. Kay chances are, kanang kwartaha, gamiton na nimo para sa imong inadlaw nga panggastos.

To paraphrase Peter Lynch. Invest or Trade only the money that you can afford to loose.
Meaning kanang mga kwarta nga dili na nimo gamiton.
Example, common kaayo ni. Nagsige kag tigum para sa imong mahalon nga iphone,
pero actually naa nakay phone imoha nga gamit ra gihapon kaayo.
But you really really want to buy that Iphone kay because of this, that and what-not.

Kanang kwartaha pwede na kaayo na nimo i trade sa stock market.

Pero if ang imong money is gisave nimo for say: Kay 2 years or 1 year from now gamiton nimo nang kwartaha pagpa eskwela sa imong anak, o gamiton nimo pagpatambal sa imong masakiton nga ginikanan, or kanang kwartaha gamiton nimo sa inadlaw nga kaonon.
Advices gikan sa mga nagtrade is keep it in the bank nalang. Gamita lang ang money nga mabuhi raka bisan wala nang kwartaha.

Kasagaran man gud tingale diri kay mga single paman, mga wala pay family so ok ra kaayo or naay daghan money nga para maspare.
And money that they can live without. Pero kadtong mga minyo ug gamit kaayo ang money.
Mas maayo tingale nga dili i trade ang money sa stocks unya i save nalang sa bank.
Mao na ang gitawag nila ug emergency fund. quick assets, or Cash on hand.
Dali ra kaayo kuhaon nga kwartaha, in case of emergency.

Ang rason nako ngano are of economic reason, advices from well-known traders, books I've read, and me personally.
Benjamin Graham would always say: People are optimistc in a bull market, and pessimistic in a bear market.
Meaning optimistic kaayo ang mga tawo kung nindot kaayo ang dagan sa economiya.
Like karon strong kaayo ang market, sigeg saka, indication of a bull market.
But ang underlying ana is since taas na kaayo ang market.
Mahal na pud kaayo ang stocks.
Kung mopalit ka ug mahal ug mokalit ug down ang stock market unya mobaligya pa gyud ka. Lugi ka.

Daghan kaayo swerte diri kay nakasakay sa stock market atong pang 2008 ~ 2009, kay barato kaayo ang stocks adto nga time.
We've seen spectacular gains ranging from 100% to even 1000% percent.
Since naa naman sa mga grabi ka tag-as nga gains ang market karon.
It is evident and I have the data to show to you nga taas na kayo ug mga mahal na kaayo ang mga stocks karon. So ang imong magain might not be as spectacular as what people are saying here nga 100%, 500% 1000% percent gain.

Now, here’s the catch.
Ayaw pagtrade, pero ang buhata is pag “invest”.
An investment operation is one in which, upon thorough analysis, promises safety of principal and an adequate return. –B. Graham.

Kani nga phrase says it all. Ang nakalisod lang sa pag-invest is you need to have that time, patience, effort, energey and character, para to research every bit of information there is para mo kita ka sa stock market. Ingo ana kalisod ang tanaw ni Benjamin Graham sa usa ka investment operation sa stock market.

Pero kana is gisimplify ni Warren Buffett and other renowned authors with facts to show it.
They are calling it dollar-averaging, or peso-averaging diri sa Philippines. If motanaw ka sa Youtube ug mga advices from Warren Buffett, buhi paman gyud to. Ang imong madungog gikan niya, when he is asked unsay iyang ikaadvice sa mga newbie investors is:

Just keep on investing on companies you know to have a good reputation. “Keep on investing”, Ang buot ra gyud pasabot ani is mobalik ra gyud didto sa pinakabasic nga storya nga pambata.
Ang hulmigas ug ang Tipaklong. Save for the rainy days. Ug palahion – invest for the rainy days.
I relate nato sa kang Warren Buffett.

Ibutang lang nimo ang imong money sa kahibalo kang maayo ug reputation nga company, and keep investing there. Mao nay peso-averaging.

Example mopalit ka ug shares ni Company AAA, kay you know nga ilado ug maayo na nga company, and you even go to the extreme of looking at their annual financial statements.
Sigehi lang ug palit aning shares ni Company AAA, kada sueldo, 100 shares ba kaha or pilay minimum, basta kanang makaya lang nimo. Ug kanang money nga pwede ra nimo mawala, pero mabuhi gihapon ka. Sige lang ug palit, momahal, mobarato, basta same lang amount every payday. Do it for 20 years.


Kana gyud daw nga paagi ang pinakadali ug pinakasayon nga in case you want to do it on your own. Matud pa nilang Warren, Benjamin, Bisan ang atong mga local or Pinoy nga authors, mao ra gyud na kuno ang pinakasayon nga paagi.

Syaro naman pud after 20 years, ibutang lang pud nato nga favorable permi ang market.
Siyaro dili na katubo ug pila ka tuig ang imong stocks or money nga gibutang sa stocks.

Though kana nga advice is for people nga wala gyuy time nga para mo buhat sa research sa mga company nga ganahan nila paliton.

Kung ganahan pa gyud ka nga mas simple pa gyud ang imong kinabuhi. Naa pa gyud.
Mo invest ka or mag peso-averaging ka sa mga mutual funds. Meaning magsige kag hatag kada sueldo nimo ug certain amount, buhata na hangtud kanus-a gusto nimo. 20 years, 30 years, 40 years. Sige lang ug hatag, don’t mind if taas, ubos, nisaka, ninaug, nagrecession, nagdepression.
Basta hatag raka permi ug stocks didto sa mutual funds nga kahibalo ka nga maayo ug nindot nga mutual fund. May it be kay imo gyud gitanaw ang ilang Financial history ug background ani nga mutual fund.

Averaging ra gyud, or peso averaging.
Ang disadvantage lang aning Mutual Funds kay naa ni siya Management Fee nga 1 or 2 or even 3% sa imong base capital per annum.

Meaning mag sige ni ug kaltas sa imong base capital, kada tuig, bisan pa ug nagrecession, nagdepression or nagbear market, or nalugi naka. Magsige ra na siya ug kaltas sa imong Capital. Dili na sa imong ginansiya ha, sa imong capital. Pero gamay raman hinuon tingale ng 1 to 3% nga kaltas.

Mao ra gyud na. Ang sa stock market or mutual funds. Don’t expect spectacular gains or returns sa imong investment, next year or the next years to come. Ang kita nga 10 percent per annum is ok na gyud na siya. Ang uban tingale moingon nga gamay, pero kana is average. Ok na para sa conservative nga tanaw.

Kana sa stock market ra or mutual funds.

By the way if naay uban diha nga mas ganahan ug mas secure pa kay sa sa banko. Ug mas dako2x gamay ug kita kay sa sa time deposit. Try ninyo ang Government Retail Treasury Bills or Bonds.

Naa na ninyo Makita sa banko. Just specifically ask for RTBs. Gamay ray nag offer. I had mine sa BDO, but I’m not sure about other banks.
Most banks dili mo offer ana bisan pa nga mas secure na siya kay sa sa ilahang banko. Kay ang RTB’s or Government bonds is backed by no other than the Philippine Government. So ma down usa ang Philippine Government, usa pa mawala ang imong money.

Ang Time deposit sa banks has interests usually naa sa 1 to 3%, ang sa Government Bonds, usually has 5 to 7 % per annum. So mas dako gyud siya compared sa bank.
Dili lang mamaligya ang banko ana, simply because dili na ilang products, ug gamay ra ang ilang kita-on if kana ang ilang ipamaligya nimo.

If naa kay Philippine Government Bonds, utangan ang Philippine Government nimo. And the government will just print money, para lang mabayaran ka.

To summarize:

Don’t expect spectacular returns from the stock market.
Do investing and not Trading.
Invest in the long run, invest by doing peso-averaging.
Research sa maong company nga ganahan ka didto mo invest.
Ayaw I invest ang money nga kahibalo kang gamiton nimo para mabuhi ka.
Gamita lang ang money nga pwede raka mabuhi nga wala na.
Example, money pampalit ug Ipad, Iphone, PS2, LED TV, LCD TV, Mahalon nga mga electronic gadgets.

Do peso-averaging for the longest time, para imong magamit ang time, pabor para sa imong advantage.
Invest early to take advantage of the powers of compounding.
Ayaw pataka ug sigeg ug gasto kanang mga walay silbi nga gasto-anan.

If ganahan ka ug mas dako nga return kay sa sa time deposit sa banko, nga at max 3% ra. Pero mas ganahan kag mas secure pa sa banko. Palit ug Government bonds. Ayaw ng corporate bonds. Government bonds gyud.

And lastly wala nako mamention.
Palit ug insurance.

[nodols3]

thanks sa input sir.

my question, since newbie pa ko, unsaon pag invest sa government bond?

Ang government bond sis is mura ra ka ug nagpaloan sa government ana.
Tagaan ka nila ana ug certificate, certifying nga nagpautang ka sa government.

Maghimo ka ug account ana, separate account para lang anang government bonds.
Pinakadali ra gyud ana is you go to the bank, you ask if when magrelease ug RTBs ang government.
Then you specifically say nga you wish to invest in that government RTB. Ayaw na paminaw anang uban products.
Basta Government RTB gyud.

Ang RTB man gud, mag release mana I think every quarter ang government nato.
You can visit here sis

Bureau of the Treasury Website

, para makabalo ka, if naa or when ang ilang releasing.
Then if nakita nimo nga naa na. Adto dayon ka sa banko.
Ang terms and conditions is almost the same ra sa Time Deposit sa banks. Naay 3 years, 5 years, 10 years, 15 years.

[SuperStar]

thanks sa reply sir...

Ang government bond sis is mura ra ka ug nagpaloan sa government ana.
Tagaan ka nila ana ug certificate, certifying nga nagpautang ka sa government.

Maghimo ka ug account ana, separate account para lang anang government bonds.
Pinakadali ra gyud ana is you go to the bank, you ask if when magrelease ug RTBs ang government.
Then you specifically say nga you wish to invest in that government RTB. Ayaw na paminaw anang uban products.
Basta Government RTB gyud.

Ang RTB man gud, mag release mana I think every quarter ang government nato.
You can visit here sis

Bureau of the Treasury Website

, para makabalo ka, if naa or when ang ilang releasing.
Then if nakita nimo nga naa na. Adto dayon ka sa banko.
Ang terms and conditions is almost the same ra sa Time Deposit sa banks. Naay 3 years, 5 years, 10 years, 15 years.

[Kristiano]

@nodols3.. Thanks for the input sir!!!

me 32 y.o.... married.. 1 kid.. planning for 2nd.. plan lng ky risky for my wife and as the only son, im supporting my father who had a stroke.. simbako mahospital, financially draining...plus mastandby pko next year (no income)..

savings= she wont tell (para iwas temptation sa mga wants) i think dako2x naman cguro.. wala pa gyd kaabot ug 1M.. i trusted her.. naa mn pd passbooks..
we both worked but her salary is for our child and my father's needs (stroke for 9years) +meds + sweldo sa helper+bills. Ako my whole salary will be remitted to my wife, magbilin lng ko for my needs.. wants if naay extra..

basta naa mi savings &/or time deposit sa tanang major banks... at least motobu pd gamay..

other source of income: Her, carpool while going to work at school.. then we roll some our money sa little business with her mother.. ang interest, either roll or use pd ky bayad sa life insurance..
Future properties: my father's house & lot + my wife's house & lot + 1lot.. dli na ipabaligya kundi paabangan pra mka extra-income pka..

This is our story. Uyab mi since highschool, then pgcollege we agreed to give/save 20pesos per week until we graduated.. no available job for me.. volunteer ra ko until tagaan ta ug home care, at least makabawi sa plete.. until na-hire na gyd after 4years from graduation(2003).. then naay mga sideline.. tigom gyd maau.. uyab pa mi ato but cge ko remit niya with a certain amount every week.. qouta..

I have a mountain bike but upgrade lng if needed.. sikad sd ta ky Health is Wealth..
ug sa dihang naaddict sa airsoft... Duwa dre, upgrade, register for competition... dako2x nagasto.. ug nakaingon ko na ang shop ry nadato... then i stop playing or rare nlng after i get married (2008) bec the money will be used for the baby's needs.. all for the baby.. then i was forced to go abroad ky kulang na gyd ang budget.. for 3 years, Thank God! so far so good.. my contract will end next year.. either i will apply for US or go back here but gasto na pd ky needed mn like additional subjects/courses plus mastadby pko for months or years..

>>Financial security, always to keep that in Mind..
if dli tungod sa akong wife, dli unta mi kaabot anang amount we targeted.. she's goal minded, me starting to learn.. buy sd ta sa mga wants but panagsaan ra..

What do you want? happy2x now then maybe suffer later? or Little sacrifice today then secured ka in the future?

Yes life is short... but when will you die? maybe you'll be suffering first from Stroke, liver damage, kidney failure, cancer, lung problems, diabetes etc which is financially draining.. mo suffer pd imo pamilya and you also na dugay pka mamatay... ok lng if motabang imo family. Kung byaan ka, asa mn ka mangita ug support?
That's why life or health insurance is important... Mahal magkasakit!! esp sa hospital, mura kag hold-upon sa bills... nya walay pakay insurance, samot!

about gadgets, ganahan ko mo-buy but im discourage here ky after a year or 2, modepreciate ang value by half.. like iphone before mga 35K, krn makuha ra nimo for 15K ky niabot ang iphone 5.. i like to buy tablet or game consoles for my son, but when my wife bought a Myphone, naaddict na akong 3y.o. na inig mata magduwa dayon.. this will affect my son's study habits.. gitago bitaw, wa naman sd nangita.. i told my wife, we will save for our son's education esp nagkamahal na ang tuition!!!

by the way, d ko hilig ug sigarilyo or inom or bisag chicks... bisyo> MTB.. hehe..but wala nay upgrade ky di magamit ky wala mn ko.. (katong nagwork pko, magbike ra ko padung sa work, mka save ug 500petot/month)

thanks for all the sharers here! im inspired to save more & do more with the money.. we're getting old, not young, so kayod gyd ta samtang bata pa.. magplan na pd ko moinvest sa mutual funds... :)

[quantuminplus]

nice kau mga story.......

[Kristiano]

savings depends on your cost of living...

based on a true story... Husband, seaman, earning 100k remit sa wife. Wife no work, nagdepend sa huband.. ang savings wala ky kwangan pa daw.. naa pay utang..
Husband, Pilot, giving 500k to her wife and two children.. Wife, nagdepend sa hubby.. lacking pa dw ingon ni wifey.. Buwagan bitaw sa husband..

[quantuminplus]

100k, 500k? kuwang pa..... grabe na kaayo na...... kayasa...... d gyud na maayo in ana....

[Kristiano]

100k, 500k? kuwang pa..... grabe na kaayo na...... kayasa...... d gyud na maayo in ana....

lagi brad, maglaway gud ko maminaw sa remitance sa ila asawa na 100k / 500k per month nya kwangan pa... wa mn gani ko ka 1/8 sa ilang sweldo...
moingon gd na akong asawa na "swerte gyd ka nko ky dli ko gastador, nah sa uban ni, waldas na imo sweldo.." moingon pd ko," swerte pd ka nako ky wala koy bisyo... molingi sa nka bike dli chicks..." hehehe