Sunday, 24 March 2019

Financial Future Plan

What is your Financial Plan?  this means planning of your finances in the current situation.

Let me do a little bit of twist, to avoid boring financial plans, we will call it "Financial FUTURE Plan". This means planning for your future, it's not only about the Budgeting or Cash Flows Monthly.

Before we go to the Financial Future Plan, I want you to check "How much do you really need to retire?

A simple calculations will do, the total monthly living expenses for example: 

Rent                       18,000
Food                      14,000
Transportation         4,800
Medical                   2,016
Kids Education     24,480
Leisure                    2,400
Total Monthly       65,696

If I will retire today with a consistent expenses for next 20 years, here is the calculation of the amount needed to be saved:

65,696 * 12 = 788, 352 Yearly Expenses
788, 352 * 20 = 15, 767, 040 Next 20 years expenses

I need an amount of 15, 767,040 to cover my next 20 years expenses, the expenses will increase due to inflation, educational cost, etc. etc. excluding those factors and use it as a baseline for retirement. 

Let's say I was able to save today the amount 15, 767,040, what should I do with the money.

Thursday, 28 February 2019

Usapang Investments - Money Talks UAE 2019

This blog post was in referenced to the guesting of Coach Randell Tiongson, at Tag 91.1 for the upcoming Money Talks UAE 2019.

I really like the following quotes

First, " Ang Pinoy Takot sa Investments pero Hindi Takot sa Utang". This is really the right time to start accumulating investments especially if you are working abroad for the last 10 years without any savings and investments. The Philippines expected to continuously grow for the years to come.

Second, "Only 8% of Filipinos prepare for Retirement". This is a sad reality, because most OFWs prioritize sending money to their loved ones back home but forgot to prepare for their own retirement.

Third, "Know your Investment Objectives". This is one of the best quote, before you jump to an investment, you should know what is your main Objective? Is it for retirement? Is it for wedding? Is it for education?

See you on Money Talks UAE 2019.



Saturday, 2 February 2019

How to Live Frugally?

The year 2019, is a year of Financial Abundance. My goal is to put my finances in place and automatic. I want this year to clear all my financial debts, build emergency funds , and add to my investments such as stocks portfolio and mutual funds for education of my kids.

How to live frugally?


Friday, 25 January 2019

10 Years Challenge

It's been a while that I did not write for my blog. Yesterday, I was invited to speak in an event for United Architects of the Philippines - Abu Dhabi Chapter for the topic of Entrepreneurial Accounting (Accounting for Non Accountants).

Tuesday, 15 January 2019

Year of Winning and Intentional Living

We already passed the 15 days of Year 2019, I keep asking myself, Did I start the year right for 2019? Did I follow my new years resolution in the last 15 days? Am I moving towards the direction of my goals for 2019?

Tuesday, 1 January 2019

My IPON Tips 2019

I'm grateful for Year 2018 and celebrated Media Noche with my families. For Year 2019, it will be a Winning Year for me in different aspects of my life Spiritual, Family, Health, and Finances. Winning year because this will be a year of "Starting All Over Again", back to basic is the theme of my 2019.


Financial Future Plan

What is your Financial Plan?  this means planning of your finances in the current situation. Let me do a little bit of twist, to avoid b...