25 to 30 years old na wala pa ring ipon gang ngayon..

[gonefishing6]

nice one!

Early 30s puwede pa. Pero dapat talagang seryosohin ang pag-iipon. Cut down on expenses na and fill up that bank account seriously.

By the 40s, marami nang cash-out dahil may pamilya na. Expenses for school, family needs, etc...

By the 50s, papasok ang mga sakit. Baka malaking portion ng naipon ang gastusin sa ospital.

By the 60s, mawawala na ang trabaho at kailangan nang dumukot sa naipon.

If you're 30 now, 50 is not that far away!

Baka umabot na sa timeout at mag-end up tayong umaasa sa mga anak. As much as possible, be self-reliant in your retirement years and old age so that your kids can concentrate on their lives without looking at you as some sort of a burden.

That is the best gift you can give to your children.

[wordpressmoney]

this might help sa mga wala pang ipon. i am getting saving thru this biz. retiring corporate work by 35.

in 2 weeks naka 40k na me agad, vacation mode pa. its very easy. add me in FB: vince.lopez@yahoo.com if you need help.

[Kent_210]

well, kahit ako ay wala pa ding ipon lalo't pumalo na sa thirties ang edad ko...

pero naisip ko... nakalabas kasi lahat ng pera ko...

naipa-utang ko sa isang kamag-anak ko ang 12k na until now,
di pa nababayaran (pero nagpromise naman na uunti-untiin nila)

hiniram ng kapatid ko ang 22k para pandagdag sa placement fee
ng aking bayaw papuntang ibang bansa (huhulugan din nila ito sa akin)

hiniram ng isa ko pang kapatid ang worth 20k na ginawang pangtuition
ng aking mga pamangkin ...

lahat ng iyan, until now, di pa ako nababayaran. pero tanda naman
nila ang kanilang mga utang at babayaran naman daw nila pauni-unti.

isa pa pala... kahit papano, nakapagpundar ako ng maliit na computer shop sa amin para may extra income besides sa trabaho ko.
kakasimula ko lang nito last year and this month, tapos na lahat ng expenses ko kaya lahat ng papasok ay income na talaga

sana this time, makaipon na ako... at may maisave sa bangko

Tol, think of yourself first more than anybody else. To tell you frankly, maaring ibalik man sila sayo yung mga nahiram nila pero it will be a vicious cycle in the future. Manghihiram ng 20K ngayon, after a year, ibabalik sayo ang 20K then next month manghihiram ulit and this time mas malaki, 30K!

My advice, i-mindset mo na sarili mo na hindi na nila ibabalik lahat yan sayo. Atleast, mahihiya yan sayo umutang ulit sayo in the future and atleast may peace of mind ka na at hindi ka nas-stress kakaisip kung kelan ka babayaran ng mga ito.

Then next time pag may nanghiram sayo ulit ng let's say, 20K, tell them you don't have money instead give them 2K as gift or tulong kung talagang gusto mong makatulong. Mahirap magtrabaho tol, tapos sa iba lang mapupunta. Pare-pareho lang naman tayong may utak, mata, kamay at paa na ginagamit sa pagtatrabaho. Sana maging fair ka sa sarili mo.

Goodluck and sana makapagstart ka nang makapag-ipon

[Kent_210]

Ont:

I'm 30 and I don't have savings as well except the emergency fund (in a separate savings account) for my family worth ~$5,000. But I have an accumulating retirement fund, 35% of my monthly salary went there (20% from my salary + 15% from my employer), I have $80,000 worth of life insurance, I also have hospitalization insurance for my entire family and I have 6 Mutual Funds diversified in India, China and Singapore equities. Yet, I have few dollars in my wallet

Hopefully by next year, we can acquire some properties in Manila as investment so we can generate passive income.

Nagsimula lang akong mag-ipon nung nagka-pamilya ako, I was 26 when I got married. I was 22 when I started working and went abroad at the age of 24. From age 22-26 wala akong naipon kasi I'm supporting all my 3 siblings in all their studies in the university. The best investments I've had so far! All of them are now working professionals and I don't even have to worry about my kid's toys kasi sila (mga siblings) ang palaging bumibili. They always treat my mom and dad for leisure, travels, shopping etc...Though sometimes nagbibigay ako ng share hehe!

My pieces of advise:

1. Plan your future. Have short term, middle term, long term goals. Let's say, at the end of the this year, your target savings is 50,000 pesos atleast to settle your emergency fund. Then after 3 years, 1M pesos. Until you reach your long term goal.

2. Learn how to manage your finances. Google SALN and balance sheet. You can make use of your resources i.e. salary to practice. In the future when start having having passive income, this 2 will be very helpful to manage your finances.

3. Start investing for your own property. Most of the properties selling nowadays has zero downpayment and a mortgage of as low as 8,000 pesos monthly. Include this mortgage on your budget. It's ok if you don't stay there, you can rent it out and earn a passive income or sell it if the value is good enough.

4. Get a life insurance and hospitalization. Once you get sick, all of your savings will be gone. Insurance + hospitalization is just few hundred pesos per month. Include that on your budget.

5. As your income increases (both active and passive), expand your assets (not just the bank savings). Expanding assets includes acquiring more properties, more shares, stocks, mutual funds, those that appreciates overtime. Cellphones, DSLR, iPADS are not considered assets because their values depreciates. Infact it is more of liabilities.

Now, you received your monthly pay, make sure to settle your mortgage, utilities, retirement, insurance and hospitalizations, share and equities and top up your emergency fund then leave the remaining money for your own expenses. If you have enough, treat yourself, go out of town once in a while, treat your kids for HK vacation, no to 2nd hand cars, buy the one that tickle your fancy, get a mansion of your dream! As long as you know your limitations. Who cares if only few hundred pesos left on your pocket at the end of the month? You're assets are expanding exponentially.

-In 10 years your house will be fully paid.
-In 10 years, the price of shares, stocks and equities may already been doubled compared to the first time you purchased them.
-You do not need to worry too much if you get retrenched by your company.
-You can retire at the age of 50, by this time and focus more on your passive income. Managed them properly.
-You have nothing to worry if you get sick when you get old, because 100% of the bill will be covered by your hospitalization.
-Heck, even if you die (knock on wood), you also have something enough for your family.

[Kent_210]

you forgot or choose to forget na mga kapatid nya yun and not just some relatives. for me, kung meron naman at ok naman ang paggagastusan e ipahiram na at di naman ibang tao. singilin mo kung gusto mo but never na isiping it is a burden.

isa pa yung isa sa taas na burden daw ang magulang at best gift daw sa anak pag hindi pabigat at 60. well goodluck. for sure mayaman nga kayo, maraming pera pero puro pera na lang ang nasa utak that you forget that it is not the be all and end all in life. nakakatakot ang mga taong ganito considering na mga kadugo nyo binibilangan nyo.

sorry for ranting but for me being practical does not mean being heartless.

Regarding dun sa kapatid, tuition ito para sa mga pamangkin niya. Parents should have a budget for their kids education. In case nagamit yung pera for emergency, they don't have emergency fund as well?

Sabi ko naman walang masamang tumulong lalo na kung lubos lubos biyaya mo. But for the case of hunter24, all these years, what has he got? Zero savings? He managed to get 54,000 pesos but all went to his relatives and waiting na bayaran siya?

Tumutulong din ako pero pinipili ko mga tinutulungan ko. It's my hard earned money anyway.

Sabi ko nga, hindi man tayo lahat sinuwerte sa buhay, pero lahat tayo may kakayahan para mapabuti ang buhay natin, kung maliit ang kinikita, live within your means. Sana ganun din ang ginagawa ng mga relatives natin na walang alam gawin kundi umutang, manghiram o magpalibre. For me, yung mga taong palaasa ay mga oportunista at mas heartless.

[fenn]

you forgot or choose to forget na mga kapatid nya yun and not just some relatives. for me, kung meron naman at ok naman ang paggagastusan e ipahiram na at di naman ibang tao. singilin mo kung gusto mo but never na isiping it is a burden.

isa pa yung isa sa taas na burden daw ang magulang at best gift daw sa anak pag hindi pabigat at 60. well goodluck. for sure mayaman nga kayo, maraming pera pero puro pera na lang ang nasa utak that you forget that it is not the be all and end all in life. nakakatakot ang mga taong ganito considering na mga kadugo nyo binibilangan nyo.

sorry for ranting but for me being practical does not mean being heartless.

Ah ok, so ang gift mo pala sa anak mo ay yung aasa ka sa kanila sa iyong pagtanda.

Good luck sa iyo. Hinding-hindi ako susunod diyan sa balak mong iyan.

[gonefishing6]

Ont:

I'm 30 and I don't have savings as well except the emergency fund (in a separate savings account) for my family worth ~$5,000. But I have an accumulating retirement fund, 35% of my monthly salary went there (20% from my salary + 15% from my employer), I have $80,000 worth of life insurance, I also have hospitalization insurance for my entire family and I have 6 Mutual Funds diversified in India, China and Singapore equities. Yet, I have few dollars in my wallet

kala ko ba wala kang savings eh yung savings mo nakainvest lang pero savings padin yan? eh ano ang 6 Mutual Funds diversified in India, China and Singapore equities. hindi naman ang ibig sabihin ng savings eh ang money na nasa wallet. Pati nga ang retirement fund considered na savings eh so may savings ka sabi mo wala

Hopefully by next year, we can acquire some properties in Manila as investment so we can generate passive income.

Nagsimula lang akong mag-ipon nung nagka-pamilya ako, I was 26 when I got married. I was 22 when I started working and went abroad at the age of 24. From age 22-26 wala akong naipon kasi I'm supporting all my 3 siblings in all their studies in the university. The best investments I've had so far! All of them are now working professionals and I don't even have to worry about my kid's toys kasi sila (mga siblings) ang palaging bumibili. They always treat my mom and dad for leisure, travels, shopping etc...Though sometimes nagbibigay ako ng share hehe!

My pieces of advise:

1. Plan your future. Have short term, middle term, long term goals. Let's say, at the end of the this year, your target savings is 50,000 pesos atleast to settle your emergency fund. Then after 3 years, 1M pesos. Until you reach your long term goal.

2. Learn how to manage your finances. Google SALN and balance sheet. You can make use of your resources i.e. salary to practice. In the future when start having having passive income, this 2 will be very helpful to manage your finances.

3. Start investing for your own property. Most of the properties selling nowadays has zero downpayment and a mortgage of as low as 8,000 pesos monthly. Include this mortgage on your budget. It's ok if you don't stay there, you can rent it out and earn a passive income or sell it if the value is good enough.

wala pa akong nakikitang zero DP dito sa Pilipinas kung hindi mga condominiums, take note malaki din ang expense sa pagpapanatili ng properties specially condominiums taas ng amilyar nyan

4. Get a life insurance and hospitalization. Once you get sick, all of your savings will be gone. Insurance + hospitalization is just few hundred pesos per month. Include that on your budget.


i only have term life and medicard from my company. hindi ako bilib sa long term life insurance, ang liit naman ng matatanggap eh di ako na lang mismo magiipon at iinvest ko nalang akin pa buong kita ng investment hindi sa insurance company

5. As your income increases (both active and passive), expand your assets (not just the bank savings). Expanding assets includes acquiring more properties, more shares, stocks, mutual funds, those that appreciates overtime. Cellphones, DSLR, iPADS are not considered assets because their values depreciates. Infact it is more of liabilities.

Now, you received your monthly pay, make sure to settle your mortgage, utilities, retirement, insurance and hospitalizations, share and equities and top up your emergency fund then leave the remaining money for your own expenses. If you have enough, treat yourself, go out of town once in a while, treat your kids for HK vacation, no to 2nd hand cars, buy the one that tickle your fancy, get a mansion of your dream! As long as you know your limitations. Who cares if only few hundred pesos left on your pocket at the end of the month? You're assets are expanding exponentially.

about the 2nd hand cars, i always go for 2nd hand cars kung marunong kang tumingin ng kotse mas mura 2nd hand cars kesa brand new laking tipid pag 2nd hand cars.

-In 10 years your house will be fully paid.
-In 10 years, the price of shares, stocks and equities may already been doubled compared to the first time you purchased them.
-You do not need to worry too much if you get retrenched by your company.
-You can retire at the age of 50, by this time and focus more on your passive income. Managed them properly.
-You have nothing to worry if you get sick when you get old, because 100% of the bill will be covered by your hospitalization.
-Heck, even if you die (knock on wood), you also have something enough for your family.

[Kent_210]

kala ko ba wala kang savings eh yung savings mo nakainvest lang pero savings padin yan? eh ano ang 6 Mutual Funds diversified in India, China and Singapore equities. hindi naman ang ibig sabihin ng savings eh ang money na nasa wallet. Pati nga ang retirement fund considered na savings eh so may savings ka sabi mo wala

We must know our terms carefully. INVESTMENTS is totally different thing from SAVINGS. Savings can easily be liquidated or locked in a short period of time. In can be a Savings account, Time Deposit, Cooperatives, Paluwagan, Piggy Bank etc...Mutual funds is considered as INVESTMENT, mine are locked for a long period of time, 8 years to be exact. I am placing $500 per month on all my MF's. Retirement, house mortgage, endowment plans, long term stocks and equities ar all considered investment.

wala pa akong nakikitang zero DP dito sa Pilipinas kung hindi mga condominiums, take note malaki din ang expense sa pagpapanatili ng properties specially condominiums taas ng amilyar nyan

i only have term life and medicard from my company. hindi ako bilib sa long term life insurance, ang liit naman ng matatanggap eh di ako na lang mismo magiipon at iinvest ko nalang akin pa buong kita ng investment hindi sa insurance company

That's good, but it is still better to have a personal life insurance + hospitalization from private insurance company. Kelangan lang talaga mamimili ng may magandang reputation. Depende naman sa monthly contribution mo yung lump sum na matatanggap mo eh incase of death, retirement and permanent disability. Here is the breakdown of mine:

Current Company Insurance - S$20,000 (depende sa company)
Private Insurance - S$50,000
Gov't Fund - S$ 46,000
Total - S$116,000 (or Php3.9M)

about the 2nd hand cars, i always go for 2nd hand cars kung marunong kang tumingin ng kotse mas mura 2nd hand cars kesa brand new laking tipid pag 2nd hand cars.

I read books from Robert Kiyosaki and I like his mindset na hindi mo kelangan tipidin ang sarili mo para lang makapagsave or invest. Sabi ko nga, if at the end of the month, you received an income of 75,000 pesos from both active and passive income, pay all your necessary obligations first (savings, expenses, utilities, mortgage, retirement, insurance, hospitalization, additonal investments) there is nothing wrong splurging your left-over money.

To each his own kumbaga. I want to make everything balance for me.

[spoliarium98]

Thank you for saying that 30 is not too late to save

[mozilla]

ako 30 yrs old na, kung hindi pa nagkaroon ng retrenchment at kung hindi pa ako nagvolunteer para mapasama sa retrenchment hindi pa ako mgkakaroon ng malaki laki pera...i've been working for 9 years and within those years puro palabas ang pera, education ng sister ko, panggastos sa bahay...so wala talaga ako naipon...pero painvest invest ng konti sa stocks (atleast pagtanda ko may makukuha ako, wag naman sana masunog) ok lang kasi atleast nakatulong sa family ko.

hindi pa huli ang lahat mga pexers.

btw, maganda rin sa company yung may sapilitang savings like yung cooperatiba, kung saan dinededuct yung allotted savings mo sa sweldo mo, so hindi mo syado ramdam. yung dati kong company ganun, may coop pero wala pa rin ako naipon nung time na yun kasi ni wiwithdraw ko rin kasi nga pang tuition ng sis ko nung nag aaral pa siya.

[Bigot3AtBalbas]

Simple lang naman yan. Kung wala pa ring ipon, eh di mag umpisa nang mag ipon. Common sense lang po.

[jayarsal]

mahirap magsalita laban sa banko. pero huwag niyo sayangin ang pinaghirapan niyo("money") sa bangko... magbukas lang ng account para sa mga etse bureche na papeles at kung anik anik na requirements.. buy stocks instead... ang mabuting pagpondohan ngayon ay commodity stocks... magbasa-basa kayo tungkol sa trading, may mga seminar tungkol din jan sa manila attend kayo. huwag kayong matakot hindi kayo nag iisa. dapat niyo lang malaman kung paano an kalakaran ng systema.

[AkiFoblesia]

late na din ako nung magsimulang mag ipon at ayusin ang career ko. sa edad na 29 nung taong 2008, dun ko pa lang sinimulan sundin yung practice na "Income - Savings = Expenses". pero nakatulong naman ako sa magulang at pagpapaaral ng kapatid sa mga taon na yun. at dahil di naman kalakihan ang sweldo ko, di rin ganun pa kabilis ang pag-iipon. pero sa ngayon, makalipas ang 4 na taon, eto naabot ko:

Emergency Fund: kasya sa 3-6 months para sa min ng asawa't anak ko
Life Insurance: kasalukuyang hinuhulugan ko pero meron din naman investment component (VUL). balak ko sana by 15th year, kunin karamihan ng naipon ko para gamitin sa bahay o kotse o kung anu man, kasi malaki na kita nun; pero magtitira pa din ako para tuloy pa din ang insurance dahil malaki laki din yung death benefit na kinuha ko; pero kung sobra naman ang sweldo ko sa expenses sa panahon na yun, di ko muna kukunin hanggang sa 50s ko siguro.
Child's Education: para sa susunod na taon
Critical Illness Insurance: hinuhulan ko 2x/year
Lot: 3+ years ko nang nahuhulugan; 6+ years to go

Yung savings ko last year, inilaan ko para sa pagsubok magnegosyo ngayong taon. habang nag iipon ako, syempre pinuno ko na ng pag aaral. so far nakaranas na ng kalugihan at pagkita (sa negosyo at stocks) at mga rejection (as agent), pero aral at subok lang, hanggang matyempuhan yung tama. 2012 kong savings e nakalaan na pandagdag sa Emergency Fund at pag aaral ng anak ko sa 2013.

sa pagpapautang, di lahat ng lumapit ay pinahiram ko. ilan lang, at pag nagpahiram, ipinahihiram ko lang e yung halagang kahit di nila makayang mabayaran ay di ako maiinis o maniningil. kung baga, "sige pahiram ko to sa yo, bayaran mo ko kung kelan comforatable ka na". sa ganun kasi, di ko sila tinitignan para magbayad twing magkikita, kaya diretso lang pagkakaibigan.

pasensya na sa haba at medyo OT na to, pero bukod sa paghahabol sa ipon, gusto ko din i-emphasize paghahabol sa nasayang na oras para matuto nung mga nakaraang taon. kaya ngayon, kahit sa byahe sinisugurado kong may napapala ako sa pamamagitan ng pakikinig ng books on audio. at syempre di mawawala ang pag-aalaga sa kalusugan (boxing, gym, pingpong, running, laughter, fruits, fiber, etc).

[gUy^]

Early 30s puwede pa. Pero dapat talagang seryosohin ang pag-iipon. Cut down on expenses na and fill up that bank account seriously.

By the 40s, marami nang cash-out dahil may pamilya na. Expenses for school, family needs, etc...

By the 50s, papasok ang mga sakit. Baka malaking portion ng naipon ang gastusin sa ospital.

By the 60s, mawawala na ang trabaho at kailangan nang dumukot sa naipon.

If you're 30 now, 50 is not that far away!

Baka umabot na sa timeout at mag-end up tayong umaasa sa mga anak. As much as possible, be self-reliant in your retirement years and old age so that your kids can concentrate on their lives without looking at you as some sort of a burden.

That is the best gift you can give to your children.

agree ako dito. yan ang sabi ng magulang ko sa akin. na swerte na kami dahil wala kami na problemahin na kelangan pa mag support sa mga magulang dahil sufficient na sila and until now in my early 30's nandyan pa din sila para supportahan kami.
swerte ko lang at supportive ang parents ko sa aming mga magkakapatid.

[akosidab]

sa pagpapautang, di lahat ng lumapit ay pinahiram ko. ilan lang, at pag nagpahiram, ipinahihiram ko lang e yung halagang kahit di nila makayang mabayaran ay di ako maiinis o maniningil. kung baga, "sige pahiram ko to sa yo, bayaran mo ko kung kelan comforatable ka na". sa ganun kasi, di ko sila tinitignan para magbayad twing magkikita, kaya diretso lang pagkakaibigan.

Tatlong beses ko pa lang narinig ito. You have a good heart bro. Once ko narinig ito sa isang tele evangelist.

[petixmode]

Early 30s puwede pa. Pero dapat talagang seryosohin ang pag-iipon. Cut down on expenses na and fill up that bank account seriously.

By the 40s, marami nang cash-out dahil may pamilya na. Expenses for school, family needs, etc...

By the 50s, papasok ang mga sakit. Baka malaking portion ng naipon ang gastusin sa ospital.

By the 60s, mawawala na ang trabaho at kailangan nang dumukot sa naipon.

If you're 30 now, 50 is not that far away!

Baka umabot na sa timeout at mag-end up tayong umaasa sa mga anak. As much as possible, be self-reliant in your retirement years and old age so that your kids can concentrate on their lives without looking at you as some sort of a burden.

That is the best gift you can give to your children.

i am now experiencing this as a source of income and support both ng parents ang mahirap wala akong kapatid.. pinagaral ka to have a brighter future for yourself sana pero kailangan tanggapin na you need to support them hanggang pagtanda nila.. papa ko pa disabled may stroke, pero i look the brighter side of this kasi ang dami kong natutunan by handling money wisely to budget and be more responsible and mature to face the reality of life, ehto kahit paano nakakasurvive nililimit ko na mangutang ang utang lang na meron ako sa sss..
ngayon palang ako nagsstart magipon nakaka18k palang plan ko din magkapamilya in the near future kaya i need settle one by one yung problems sa bahay namin like pagpapakabit ng sariling linya namin ng tubig papaayos yung bubuong ding ding at kisame naming sira at unti unti magpundar ng mga gamit sa bahay goal ko yan hanggang 5 yrs.. sa 5 yrs na iyon kailangan nagawa kona lahat yan.. para next naman paghahandaan yung pagkakaron ng sariling pamilya.. to have a baby ipon nanaman syempre ipon lang ng ipon kasama na syempre yung hobby ko dun dalawa kami.. yan ang plans ko..

[rock3teer]

I read books from Robert Kiyosaki and I like his mindset na hindi mo kelangan tipidin ang sarili mo para lang makapagsave or invest. Sabi ko nga, if at the end of the month, you received an income of 75,000 pesos from both active and passive income, pay all your necessary obligations first (savings, expenses, utilities, mortgage, retirement, insurance, hospitalization, additonal investments) there is nothing wrong splurging your left-over money.

To each his own kumbaga. I want to make everything balance for me.

This rings true in my case. I was saving and saving and saving and I realized that I wasn't really happy about it even though my bank account is being fed a healthy amount. My friend told me it's because I'm not paying myself.

Don't get me wrong, saving is paying yourself but it's delayed gratification. Now I'm also paying myself by traveling (my only real luho), and if I buy material things, I get the best even if it's far more expensive. Kung kaya naman, bakit hindi?

[KULASA AKO]

Up natin to. magandang usapan e

[coweexxv]

inspiring.. ako 26 na wala pa din.. hindi ko na alam kung panong pukpok ang gagawin ko sa sarili ko eh.. sarili lang naman yung sahod ko pano kase yung mga nkapaligid sakin pag alam na may pera ako grabe mag pressure magpalibre.. kahit wala naman nauubos ko padin bat kaya ganun

[MakaveliLives]

inspiring.. ako 26 na wala pa din.. hindi ko na alam kung panong pukpok ang gagawin ko sa sarili ko eh.. sarili lang naman yung sahod ko pano kase yung mga nkapaligid sakin pag alam na may pera ako grabe mag pressure magpalibre.. kahit wala naman nauubos ko padin bat kaya ganun

I'm willing to bet na it's because you're not taking notes of your expenses. Kahit maliliit na expenses you have to take note of them because they add up. I'm sure malimit nagugulat ka nalang na wala na laman wallet mo.