A friend asked me one time how does she know the amount of money she needs upon retirement. I answered her, I am not an expert but it is really based on assumptions and then we came up with the scenario below. Assuming, I will retire by age of 65 I will spend 2,000S$ (roughly 66k Php) monthly or 24,000S$ (~ 792k Php) annually I will live until the age of 85 I don’t have any investment and no source…
I have been blessed that I had a chance to attend free seminars that featured top names in the Philippine investing world in the past 2 Saturdays c/o TGFI Web Academy and TGFI SG. Last blog post, I shared with you about “Investing in the Philippine Stock Market: A Webinar Conducted by Mr. Aya Laraya”, a webinar organized by TGFI Web Academy in cooperation with COL Financial. In today’s blog post, I will share with you about the: May 2:…
After you read my blog about “Savings – Foundation for Creating Wealth”, I heard the wheels of your brains working & one of the questions forming is “so why do I need to save?” Some may think this is a dumb question to ask but I beg to disagree. I think that if you have this question in your head, it is perfectly normal especially if your lifestyle or mindset has been used to spending like there’s no tomorrow. All…
Finally, I took the plunge! Hahaha… Shocking opening line but yes, I am happy to say that I have finally taken the plunge. But it may not be the plunge you are thinking of. I have diversified my portfolio and invested in real estate – a condormitel which I am initially planning to pay for 10 years in time for my semi-retirement plan and will be a source of a portion of my income replacement. Why 10 years? Because this…