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Tag: Retirement

How Much Money Do I Need Upon Retirement?

How Much Money Do I Need Upon Retirement?

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…

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Wealth Management Series by Mr. Rex Mendoza & The Challenge of Finding the “Tipping Point”

Wealth Management Series by Mr. Rex Mendoza & The Challenge of Finding the “Tipping Point”

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:…

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So Why Do I Need To Save?

So Why Do I Need To Save?

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…

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Finally, I took the plunge!

Finally, I took the plunge!

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…

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