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

[AVG_3000]

age: early 30s
liquid savings: 200k+ all types of bank accounts including savings, TD, and checking accounts
stock investments: 2M+
insurance cash value: 5k as of this moment but if I will die today, I am insured up to 4M pesos.
other investments: 100k
CC debt: 30k
average monthly expenses: 20k
living with my parent's house

[peternato9]

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.

[wayn3]

32. self employed.
Cash in bank around 12m (parked in SDAs)
Newly built house and lot worth around 20m
condo in fort (5m)
townhouse in makati (8m)
condo in qc (3.5 m )
raw land inherited from parents 17 hectares ( around 500-800 per sqm )
luxury SUV 2011 ( 2.8 m pajero)
luxury car 2011 ( 2 m subaru legacy )
country club memberships (bgc, highlands, polo club worth around 2 m)
watch collection ( AP, OMEGA around 1.5 m )

[peternato9]

"country club memberships (bgc, highlands, polo club worth around 2 m)"

Ang mura naman ng country club memberships mo BGC, Highlands and Polo Club worth 2 million lang anung klasing member yung ganung kamura?

32. self employed.
Cash in bank around 12m (parked in SDAs)
Newly built house and lot worth around 20m
condo in fort (5m)
townhouse in makati (8m)
condo in qc (3.5 m )
raw land inherited from parents 17 hectares ( around 500-800 per sqm )
luxury SUV 2011 ( 2.8 m pajero)
luxury car 2011 ( 2 m subaru legacy )
country club memberships (bgc, highlands, polo club worth around 2 m)
watch collection ( AP, OMEGA around 1.5 m )

[wayn3]

I bought them from previous owners, Manila Polo I acquired for around 1m, I bought bgc and highlands at around 300k each. I was told that each share now though is worth 500-600k.

[gUy^]

nice, ano work mo wayn3? o family business?

[wayn3]

I do buy and sell, build and sell, property leasing.

[ladybirddesigns]

I'll post on this thread again two years from now, kasi ngayon wala pa akong mailalagay to think that I'm already 30 years old. Saludo ako sa mga young savers at investors!

[Max_Buwaya]

may 'menor de edad' na nasupalpal

[peternato9]

Wow, Manila Polo current market value is 7.8M, bumaba pa yan kase last year 8.2M, and last last year it was 10M. 1M mo lang nabile? it doesn't add up.

About bgc are you referring to Baguio Country Club Shares? hindi pa bumaba ng 500k yan.

*** liar liar pants on fire

I bought them from previous owners, Manila Polo I acquired for around 1m, I bought bgc and highlands at around 300k each. I was told that each share now though is worth 500-600k.

[wayn3]

That's why I keep my Polo Club share in a safety deposit box. Which I bought from my father for 1m.
What else do you want to know? You want to know who sponsored me in Polo? Who my trainer at the gym is? How I like my Polo burger when i eat at the Sports Lounge? (medium rare.)
You want to know how much my BGC dues are? How much the annual Patronage fee is? HOw much the green fee is when I play golf? (its free, though the caddie fee is P300 plus tip.)
You want to know how much I tip the waiter when I eat at highlander steak house? ( 15 %, though tipping is discouraged. )

[gUy^]

haha
i dont get it, what's the point of asking those Q's? mukhang nagduda ata si peternato kay wayn.. well, hindi naman eto pasiklaban ng yaman. if yan ang meron si wayn sana respetuhin mo naman. wala naman nag duda sayo peter nong sinabi mo na
"age: 16 years old
savings: 500,000"

@wayn talgang binigyan mo ng effort to take pic pa.. dont waste your time.. sayang lang pagod mo pre
what do you buy and sell? galing mo ah.
im also 32 pero nasa 6M palang ako... nasa 1/3 lang ako ng yaman mo hahaha... pero for me ipon ko galing sa work yan. may konting investment pero not enough.. medyo mahina ako dyan.. turuan mo naman ako @wayn

[rock3teer]

haha
i dont get it, what's the point of asking those Q's? mukhang nagduda ata si peternato kay wayn.. well, hindi naman eto pasiklaban ng yaman. if yan ang meron si wayn sana respetuhin mo naman. wala naman nag duda sayo peter nong sinabi mo na
"age: 16 years old
savings: 500,000"

I have to agree with gUy^ here. You're only making yourself look bad and ill-mannered, peternato9, and since I'm assuming that's not what you want, you better stop trash-talking.

And yes, maybe both peternato9 and wayn3 can share with us their secrets or even just a few tips on how they were able to be so successful. Para matuto din kami.

[peternato9]

yun naman pala hindi naman pala hard earn money ang savings mo, bigay ni papa!

And by selling to you the Polo Club share undervalued, you and your papa have just committed a crime, Tax Evasion.

As a responsible citizen of the Philippines it's my duty to report you to BIR.

http://img59.imageshack.us/img59/2766/img0474xl.jpg

That's why I keep my Polo Club share in a safety deposit box. Which I bought from my father for 1m.
What else do you want to know? You want to know who sponsored me in Polo? Who my trainer at the gym is? How I like my Polo burger when i eat at the Sports Lounge? (medium rare.)
You want to know how much my BGC dues are? How much the annual Patronage fee is? HOw much the green fee is when I play golf? (its free, though the caddie fee is P300 plus tip.)
You want to know how much I tip the waiter when I eat at highlander steak house? ( 15 %, though tipping is discouraged. )

[peternato9]

I'm not trash talking I'm just asking and besides by buying his dad's Polo club shares way undervalued 1M it should have been 8M or above, he and his dad committed Tax Evasion. Doesn't that bother you at all?

I have to agree with gUy^ here. You're only making yourself look bad and ill-mannered, peternato9, and since I'm assuming that's not what you want, you better stop trash-talking.

And yes, maybe both peternato9 and wayn3 can share with us their secrets or even just a few tips on how they were able to be so successful. Para matuto din kami.

[wayn3]

I know this does not deserve a reply, but I will indulge you. I bought the Polo Club share for 1M in 1994.

I've always tried to learn from the success of others, as opposed to trying to bring them down because i'm envious of what they have achieved. You can say whatever you want really, but it will not change the fact that I have what I have, and you have what you have.

[rock3teer]

I'm not trash talking I'm just asking and besides by buying his dad's Polo club shares way undervalued 1M it should have been 8M or above, he and his dad committed Tax Evasion. Doesn't that bother you at all?

It's not nice to accuse someone of being a liar when you haven't even waited for that person to reply your inquiry.

As for tax evasion, yes it does bother me, but you have no proof. There could be a lot of reasons how he could have bought the Polo Club share for such a low price. Don't assume the worst.

[SassyBrat]

"country club memberships (bgc, highlands, polo club worth around 2 m)"

Ang mura naman ng country club memberships mo BGC, Highlands and Polo Club worth 2 million lang anung klasing member yung ganung kamura?

Tsk, respect other people's posts so you will be accorded with the same respect. Learn some manners kid!

[KuyaDanny]

I'm not trash talking I'm just asking and besides by buying his dad's Polo club shares way undervalued 1M it should have been 8M or above, he and his dad committed Tax Evasion. Doesn't that bother you at all?

I don't know how they documented the transfer of the Polo Club share, but it is possible for the father to have DONATED his Polo Club share to his son, in which case the transaction is subject to Donor's tax, not capital gains tax. The tax on an asset worth P10,000,000 is P1,004,000.00, and it is possible that the son paid for the taxes.

If this is indeed the way the transfer was done, no undervaluation was made. The transaction is legal and is not tax evasion.

[shankie30]

32. self employed.
Cash in bank around 12m (parked in SDAs)
Newly built house and lot worth around 20m
condo in fort (5m)
townhouse in makati (8m)
condo in qc (3.5 m )
raw land inherited from parents 17 hectares ( around 500-800 per sqm )
luxury SUV 2011 ( 2.8 m pajero)
luxury car 2011 ( 2 m subaru legacy )
country club memberships (bgc, highlands, polo club worth around 2 m)
watch collection ( AP, OMEGA around 1.5 m )

whoaaa yaman! no charities?