how old are you? and how much is your savings na?

[wiljoe]

I am 40 years old, took the early retirement program of my previous company and unemployed. My total savings is 2 million pesos. Still jobless after 2 months of searching.

[cloudskyler]

single 1.5M reached my dream of having 1M sa bank before 30 y/o

[cloudskyler]

29 single 1.5M reached my goal of having 1M before 30...planning to invest....

[gUy^]

I am 40 years old, took the early retirement program of my previous company and unemployed. My total savings is 2 million pesos. Still jobless after 2 months of searching.

why not start your own business?
sabagay hirap din mag negosyo pero kailangan risk taker din tayo minsan.

im 32, savings 4M., bought my own car, meron konting investment, co owner ng mga negosyo ng brother ko din. work ko sa family business. hindi naman malaki sweldo. pero malaking factor yung free ka sa lahat ng gastos, mas mabilis ka makaipon.
Good thing lang sa amin is hindi kami sakal, we can do whatever we want unlike sa iba na naghawak sa family business nakatali na..

[wiljoe]

why not start your own business?
sabagay hirap din mag negosyo pero kailangan risk taker din tayo minsan.

im 32, savings 4M., bought my own car, meron konting investment, co owner ng mga negosyo ng brother ko din. work ko sa family business. hindi naman malaki sweldo. pero malaking factor yung free ka sa lahat ng gastos, mas mabilis ka makaipon.
Good thing lang sa amin is hindi kami sakal, we can do whatever we want unlike sa iba na naghawak sa family business nakatali na..

I thought about that, maybe a food stall franchise or even one of those franchised generic drugstores. I am still studying the pros and cons. Meanwhile, I am seriously studying personal finance, value investing in the stock market and even taking a look at daytrading for some excitement.

My goal is to have a monthly passive income that would equal the family's monthly expenses, thereby eliminating the need to look for a job and do whatever I like with my time.

[lotichikiks]

24, been working for 2 years, tama *** mga nasa naunang ngsabi bout afpslai at sa mga slai, *** 200k ko is kusa ng tumutubo, just last quarter almost 8k ang tinubo nya, 4.5% ang average dividend per quarter 7k a month nilalagay ko sa afpslai pero pag nag-reach ng 9k ang dividend nun, bababaan ko nnaman ang dinedeposit ko per month kc 30k lang ang limit per quarter or else iluluwa nya *** sobra sa 30k at ilalagay sa ibang klase ng savings then another 5k sa ibang slai, my target is to reach 600k so that di ko na ** huhulugan at kusa na ** lalaki dhl sa dividend, in 3 yrs i guess maaachieve ko na **, im encouraging lahat ng mga anak ng active na sundalo na mgsave doon. tnx

[wiljoe]

I'm 29, with 56k in the stock market.. me and my business partner had a rent to own tricycle at may grocery store and one unit of apartment... my business is giving me extra money while i save some of my salary.

http://bosanchezmembers.com/amember/go.php?r=6990

That's great, I would like to try that, but our subdivision is already full of tricycles. Is it a good idea to compete with them by starting a jeepney shuttle service?

[easternstar]

I'm 26 years old, married and with two kids. I used to have 200k in savings and 100k in assets, more or less... I was working right out of college and taking up graduate studies; while being an online entrepreneur selling electronics but now I'm broke and in debt of about 40k... :-( my eldest daughter was diagnosed with a rare genetic disorder and it wiped out everything I had, I realized money isn't everything... but I miss those days when i was financially free...

[AkiFoblesia]

^that's sad to hear. pero good thing meron kang pangtustos nung magkasakit anak mo. wala po ba kayo hmo? kung wala, try to find a good one. nung magkasakit si misis ng dengue a month ago 20k++ ang bill pero wala kami binayaran.

im 33, nagsimulang magseryoso sa pera nung 28 lang. sa ngayon meron nang emergency fund for 3 to 6 months worth of expenses, life insurance para protection sa family in case of early death, HMO with my wife and kid as dependents, lot na 3.5 years ko na hinulugan at 6.5 years to go pa, investment sa mutual fund na hindi pa kalakihan, at around 50k nakatabi lang para sa pagsisimula ng pag aaral ng anak namin next year.

malaking tulong na pinatira kami nina byenaners sa condo kaya libre na sa rent. medyo magastos nga lang din sa pamasahe ang setting namin na every weekend umuuwi ng province kasi andun si baby namin kasi gusto namin may mag aalagang kamag anak.

palpakiners din first 2 attempts ko for investment this year. masakit din ang kalugihan na naranasan ko, but that's life. im in my 3rd attempt, pero ngayon wala muna cash out for investment. im into sales muna.

expecting an increase next month sa day job ko at karamihan nun balak ko ilaan sa lote para matapos ng mas maaga.

[pinay_pay]

I thought about that, maybe a food stall franchise or even one of those franchised generic drugstores. I am still studying the pros and cons. Meanwhile, I am seriously studying personal finance, value investing in the stock market and even taking a look at daytrading for some excitement.

My goal is to have a monthly passive income that would equal the family's monthly expenses, thereby eliminating the need to look for a job and do whatever I like with my time.

Not to discourage you with food franchise but I tried that few times but none were self supporting that we closed it down for less than a year. Maybe the location was not good. but then again, the operational cost was high while income was very low.
These are all what we tried and all closed down and sucked out of our money.
1. kerrimo - investment around 200k - location was at shaw mrt stn with 9k rent fee
2. forgot the name but food stall that sells fishball, kwekwek etc - 28k (not even 1 month, it closed)
3. crystal clear water stn - 600k - loc was at a subdivision (we do not have rent fee for our stn coz we own the bldg and lot) but still income was not enought to sustain itself. Negative pa.
and these franchises have their royalty fees. ex. crystal clear, wala sila pakealam if nalulugi ka, they will always claim their 6% royalt fee of their "forcasted income" na hindi naman namemeet. kahit mpakitaan mo sila ng ledger wala silang pake. so kahit wala ka kita monthly may 6k silang sinisingil samin monthly. Imbes kumita ka negative kapa. Ayun binenta ko, and I only got like 30% of what I invested.

All of which wants their own "tao" for you to hire, so hindi ka pwedeng mag hire ng sarili mo, at dapat sundin mo yung wage margin ng mga tao at bilang. ex. sa kerrimo at food tall na binili ko, tig 2 tao that has to be paid 6k each monthly. Pag nag absent pa patay negosyo.. basta kinikita ko jan is mga 2k monthly lang, sobrang nakakapagod lang kasi araw araw imomonitor mo yung sales at inventory for a 2k/mo? not worth it.

I heard geenric drug store has good ROI. I researched that for quite sometime but I backed out coz I could not seem to find a location that has no branch 15 meters away from mine.(may rule sila na dapat 15 meters kayo mgkalayo or more ata). yung mga malalayo na pwede as in malayo, wala ng bibili. Also the capital one needs to invest was huge so I said, this is not for me, not to mention I do not have any background in medicines/medical field. All I know is that paracetamol is generic but that's about it. I know someone who is already a multi-millionaire at age of 32 because of this (he has 2 branches in davao).

The only good investment I was able to make was buy a condo unit and this is giving me a passive income of 15k, headache free. All I do is collect once a month and have our maid clean it up once in a while.

So if I were you, think multiple times and whatever it is - location is very very impt.

[pinay_pay]

I'm 26 years old, married and with two kids. I used to have 200k in savings and 100k in assets, more or less... I was working right out of college and taking up graduate studies; while being an online entrepreneur selling electronics but now I'm broke and in debt of about 40k... :-( my eldest daughter was diagnosed with a rare genetic disorder and it wiped out everything I had, I realized money isn't everything... but I miss those days when i was financially free...

that's sad to hear. okay lang yan makakabangon ka din. ganyan din kami dati, napakaraming pera na nawala, nalugi pero nakabangon din. isipin mo na lang yang 40k ay appliance na hulugan. ako dati ng pa brace akong 65k worth, hinulugan ko lang ng 3k per month nalaman ko paid up na. so wag mo isiping utang kundi binili mo(para sa anak mo) para magaan sa loob mo ang pagbayad. Yan din yung worry ko lalo na nag resign asawa ko, so right now ako lang may salary at if may mangyari baka ma-zero balance yung savings namin, kaya I enrolled my 2 kids sa east west HMO. benefit ng company ko. I pay the 50% fee, so 1k sa dalawang bata na. so if ienrol ko sila na 100 % mga 2k per month. okay na din at least sure ka na anytime may mangyari, di ka mamumulubi. the good thing bout east west hmo is bukod sa madaming accredited hospitals and doctors, mababa ang premium kesa iba, my reimburseable program pa. in case na may sarili kayong trusted doctor pero hindi accredited nila, they allow you to continue their service, then irereimburse nyo na lang. maabala pero at least meron. ang iba kasi di yan allowed. pag nakabangon bangon ka, itry mo mag HMO para sa kid(s) mo. guudluck sa pagbangon. kaya mo yan.

[alikoyyyy]

Hello, just joined PEx recently and I'm browsing through threads. I'm 24 and the total contents of my bank account are tadaaa P35k. And I don't want to call it "savings" kasi gagastusin ko din yan this month when i go to Singapore. It's disappointing especially when I compare it to the posts here na hundreds of thousands (or millions pa!) pero well, I've been working less than a year (passed boards in Feb, started working March, opened my bank acct in April) and I think I enjoyed my newly found financial independence too much. Puro travel and shopping. This thread is a wakeup call na kailangan ko na magspend more responsibly.

At matagal ko nang na-accept na medicine is really about delayed gratification. Though hopefully by the age of 35 medyo padded na yung bank account ko. Please. Hahahaha

[wiljoe]

Not to discourage you with food franchise but I tried that few times but none were self supporting that we closed it down for less than a year. Maybe the location was not good. but then again, the operational cost was high while income was very low.
These are all what we tried and all closed down and sucked out of our money.
1. kerrimo - investment around 200k - location was at shaw mrt stn with 9k rent fee

- Am not familiar with this one. I will ensure that I will only invest on tried on tested franchises. I am looking at waffle time, potato corner and master siomai. These food kiosks are well established and market leaders in their niche. I just need to find a good location for them.
2. forgot the name but food stall that sells fishball, kwekwek etc - 28k (not even 1 month, it closed)
3. crystal clear water stn - 600k - loc was at a subdivision (we do not have rent fee for our stn coz we own the bldg and lot) but still income was not enought to sustain itself. Negative pa.
and these franchises have their royalty fees. ex. crystal clear, wala sila pakealam if nalulugi ka, they will always claim their 6% royalt fee of their "forcasted income" na hindi naman namemeet. kahit mpakitaan mo sila ng ledger wala silang pake. so kahit wala ka kita monthly may 6k silang sinisingil samin monthly. Imbes kumita ka negative kapa. Ayun binenta ko, and I only got like 30% of what I invested.

Thanks. This will remind me to scrutinize the contract carefully for any hidden charges, unreasonable royalty fees, etc.

All of which wants their own "tao" for you to hire, so hindi ka pwedeng mag hire ng sarili mo, at dapat sundin mo yung wage margin ng mga tao at bilang. ex. sa kerrimo at food tall na binili ko, tig 2 tao that has to be paid 6k each monthly. Pag nag absent pa patay negosyo.. basta kinikita ko jan is mga 2k monthly lang, sobrang nakakapagod lang kasi araw araw imomonitor mo yung sales at inventory for a 2k/mo? not worth it.

I heard geenric drug store has good ROI. I researched that for quite sometime but I backed out coz I could not seem to find a location that has no branch 15 meters away from mine.(may rule sila na dapat 15 meters kayo mgkalayo or more ata). yung mga malalayo na pwede as in malayo, wala ng bibili. Also the capital one needs to invest was huge so I said, this is not for me, not to mention I do not have any background in medicines/medical field. All I know is that paracetamol is generic but that's about it. I know someone who is already a multi-millionaire at age of 32 because of this (he has 2 branches in davao).

Generic drugstores are doing quite well and is real threat to Mercury and Watsons in terms of price, convenience, and customer service. I am looking at one of the leaders in this business. Thought the investment is higher than the food kiosks., I will probably have to team up with pharmacists and more investors to minimize the risk

The only good investment I was able to make was buy a condo unit and this is giving me a passive income of 15k, headache free. All I do is collect once a month and have our maid clean it up once in a while.

Condos are also good; however, I believe the market is quite saturated. I am glad that you have successfully turn yours into a profitable endeavor.

So if I were you, think multiple times and whatever it is - location is very very impt.

Thanks a lot for your comments and on sharing your experience.

[BatotoyBibo]

This is a really nice thread.

[homebaseinvestor]

Not to discourage you with food franchise but I tried that few times but none were self supporting that we closed it down for less than a year. Maybe the location was not good. but then again, the operational cost was high while income was very low.
These are all what we tried and all closed down and sucked out of our money.
1. kerrimo - investment around 200k - location was at shaw mrt stn with 9k rent fee
2. forgot the name but food stall that sells fishball, kwekwek etc - 28k (not even 1 month, it closed)
3. crystal clear water stn - 600k - loc was at a subdivision (we do not have rent fee for our stn coz we own the bldg and lot) but still income was not enought to sustain itself. Negative pa.
and these franchises have their royalty fees. ex. crystal clear, wala sila pakealam if nalulugi ka, they will always claim their 6% royalt fee of their "forcasted income" na hindi naman namemeet. kahit mpakitaan mo sila ng ledger wala silang pake. so kahit wala ka kita monthly may 6k silang sinisingil samin monthly. Imbes kumita ka negative kapa. Ayun binenta ko, and I only got like 30% of what I invested.

All of which wants their own "tao" for you to hire, so hindi ka pwedeng mag hire ng sarili mo, at dapat sundin mo yung wage margin ng mga tao at bilang. ex. sa kerrimo at food tall na binili ko, tig 2 tao that has to be paid 6k each monthly. Pag nag absent pa patay negosyo.. basta kinikita ko jan is mga 2k monthly lang, sobrang nakakapagod lang kasi araw araw imomonitor mo yung sales at inventory for a 2k/mo? not worth it.

I heard geenric drug store has good ROI. I researched that for quite sometime but I backed out coz I could not seem to find a location that has no branch 15 meters away from mine.(may rule sila na dapat 15 meters kayo mgkalayo or more ata). yung mga malalayo na pwede as in malayo, wala ng bibili. Also the capital one needs to invest was huge so I said, this is not for me, not to mention I do not have any background in medicines/medical field. All I know is that paracetamol is generic but that's about it. I know someone who is already a multi-millionaire at age of 32 because of this (he has 2 branches in davao).

The only good investment I was able to make was buy a condo unit and this is giving me a passive income of 15k, headache free. All I do is collect once a month and have our maid clean it up once in a while.

So if I were you, think multiple times and whatever it is - location is very very impt.

Hi pinay_pay,

Your post has enlighten me more about putting up a business, it has made me more decided to focus on what I have right now. Earning from my online jobs, I am thinking of investing into business such as those you mentioned, however after reading your post I've made my final decision, business is not for me at this time. My time will come for this type of investment and will look forward for that in the years to come. I've decided to make the most of what I currently have and search all possible ways to earn extra passive or semi passive income. Thank you for taking time to share.

[Empoybee]

29 years old. 2 years nagwork, 1 year bum, 3 years nag-aral ulit, 6 months nag-aral for boards, ilang months maghintay ng boards, 6 months nagtraining. Haba!

Nagstart ulit ako magwork this year. May 100k ako time deposit habang nag-second course ako. Mostly from mga side business. Nadagdagan ko pa ng 200k from 7 months of work this year. Nadepress pa ako kasi naghihinayang ako sa time na nag-aral ulit ako. Sana nagfocus na ako sa online work.

Oh well. Kayod kayod. I'm aiming for another 200k by the end of the year. Sana wag tamaan ng katamaran.

[freelancer_babe]

^ Sayang naman. Di rin biro-biro ang gumastos sa pag-aaral.

It's really good to really have a focus. It will eventually reward you in the end.

[Poppysgarden]

age: 16 years old
savings: 500,000
I'm working as web admin, I don't have a car yet since legal age to get a license in the Philippines is 17 . I'm planning to spend it all for a car or spend it for business.

Dios Mio!!!!, what a shame on us na may mga edad (triple ang age kay paternato9) ni wala man lang ganyang ipon!!!

Anyways,post ko na lang savings ng anak ko (kasingedad ni paternato)

girl1: 15years old
savings: 60k php
investments: 100k (pautang sa akin(ina) 60k + 20k (sa mga tita) +20k (sa kay manang-kasambahay)originally 10k but with interest na,kasi di pa na fully paid ni manang 4years na) paiyakan pa ito!
lots: 200sqm(valued at 350k) minana sa from me pero bayaran niya raw pag may trabaho na sya

boy2:18y/o
savings:cash 0
tangible assets? : laptop,3 cellphone,drbeats headphone, supra na shoes, at kung ano ano pang mga gadgets,na walang kwenta, at isang bulok na car,xbox,wii,
liabilities:100k,plus monthly dues sa plan nya sa 3 cellphone

I SAY NO MORE.......

[topet1425]

share ko lang yung sa akin

im 19 y/o fresh grad at nagwowork as programmer

nasa nanay ko lahat ang savings ng namin pti ng mga kapatid ko in combine with total of 500k,

total assets ng family namin is around 2m, including car and house and lot,

savings about 900k in afslai, BDO and Landbank,

public school yung nanay ko ***, bilib ako na nakapag save sya nang ganito

[topet1425]

pandagdag lang po, last year i lost 10k in investing in Networking na sobra kong pinagsisihan. :-(