Quotes on Why You Need A Life Insurance

Some of you may not believe in what life insurance can do for you and your family.  A lot maybe doesn't even bother and think they don't need it.  But these are quotes I got from the internet and made me believe how life insurance will take care of the ones I love.

** These are not my quotes, and I just feel inspired by what these people said about it.

If this made you realize about getting your life insurance, act on it now.  Sometimes later becomes never.  

If you want to know more about Financial Planning, please like the page http://www.facebook.com/FinancialFreedomBlueprintPH.

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3 Things That You Thought Are Good Retirement Plans

I have come across people who think retirement is age 65, some 60, and others as early as 50. After talking to maybe a thousand people (on rough estimate), one on one, they seem to think it is their right. A right to stop working at the age they prefer or like.  But retirement is more than an age or a number. It is a GOAL.  A goal to stop working and relax and enjoy your last years at a certain age YOU HAVE PREPARED FOR.

If I ask people if they have set aside for this goal, the answer is a blank face with no certain answer to my question. And then, they enumerate things they call retirement plan.  But I disagree.  Here is why:

Image courtesy of http://reachmymoneygoals.com/wpblog
/category/retirement-plan/

YOUR HOUSE & LOT IS NOT A RETIREMENT PLAN.  It is an asset you can keep where you can stay comfortably in your twilight years.  If you sell your house and lot, you will be forced to rent or pay for a home you already had before.  You will just be going to liquidate an asset to get the lump sum money but will diminish and be used up in time.  And some retirement CAN BE LONG. 

But if you’re going to sell it, and buy a smaller house to maintain then I say that is a good move.  Maintaining a big house means big expense.  Maintenance and utility bills can be a big chunk in your monthly expenses so moving to a smaller place can be a good move for you.

YOUR CHILD/CHILDREN IS NOT A RETIREMENT PLAN.  I’ve heard this on and on from ageing parents that they have their children to take them in when they are old, but sorry your child/children is not a retirement plan.  You will put them in a position where they have to financially support you while supporting a family.  The stress they will have to put through just to get everything together and paid is really hard for start-up couples with children.  If you want your child/children to be financially stable, help yourself.  And maybe then, they can start their lives with responsibility and a lot of savings.

YOUR SSS AND RETIREMENT PAY MAY NOT BE ENOUGH.  Your SSS can be your monthly pension and your retirement pay from your employer can be your lump sum pocket money.  But believe me, these two may not be enough for you.  If you want to know how to compute for your monthly SSS pension, please go to http://mamaravesph.blogspot.com/2013/12/how-to-compute-for-your-sss-monthly.html. And if you want to know how much retirement pay you are getting from your employer, please go to http://mamaravesph.blogspot.com/2014/10/abc.html.  Medicine costs at your fragile years can eat up your whole SSS monthly pension, and one hospitalization can eat up your whole retirement pay.

The key here is saving more than what is expected and deducted to you by the government.  You should have shaved a percentage of your earnings from your monthly income and invest in an investment tool you can feel secured.

If you want to know more about Financial Planning tips and ideas, please visit http://www.facebook.com/FinancialFreedomBlueprintPH.

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Quotes On Why You Should Be Investing

These are quotes that made me realize I should be investing, NOT just saving up money.  I should have learned this earlier, the wonderful thing called 'COMPOUNDING INTEREST'.

And although I never got indebted, this keeps me on track and reminds why I always wanted to be 'DEBT-FREE'.

And these made me explore and research investment that fits me and my goals.

On creating a PASSIVE INCOME..

 And staying invested, long term.

And why I still save up until now..

Hope this inspires you too, to save and invest for your future you.  Happy investing!

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Retirement Planning Explained in Gay Lingo

Hey there gorgeous!  Yes you sis!  I am here writing something you avoid in our conversation, hoping it will reach you soon.  

Sis, not that pinag-iintersan ko ang 'anda' mo, at hindi mo din naman igi-givesung yan for nothing.  But hey, you have a lot than others and you ought to have it until the last gray hair falls. You are considered as one of the target market of anything fabulous and expensive because you are a fast growing consumer market. Isa ka sa mga 'GOLDEN SINGLES' na tinatawag nila. Young, powerful, fierce, fabulous and maraming 'ades'!  

But dear, everything fades. Everyone gets old. And retirement is inevitable. And when you stop working, salary stops.  I refuse to see you na 'cryola' and walang ma-'lapz', and transform from Golden Single to 'Purita'. I would want to bump into you and still say with much gusto "Gondah, ang taray!" because you maintained your 'fabulousness'.  Hindi kasi bagay sayo ang 'Luz Valdez' ang peg.

After seeing you with your expensive 'bagelya' and clothes, at 'gumora' sa iba't-ibang parte ng mundo, in your older years baka hindi na.  Have you asked yourself how much is your MONTHLY NEED and LIFESTYLE when you grow old?  Ilang 'kiaw' ba naisip mo?  Let's think about 'lafang', 'balay', bills, 'nomu' at kung gusto at kaya mo pang um-'aura'.  50 kiaw?  100 kiaw?  200 kiaw?  'Wit' naman kasya ang SSS pension at company retirement benefit mo sa lifestyle na bet mo.

If you want to compute for your monthly SSS pension, please see http://mamaravesph.blogspot.com/2013/12/how-to-compute-for-your-sss-monthly.html and if you want to know how much retirement benefit you will receive from you company please see http://mamaravesph.blogspot.com/2014/10/how-much-retirement-pay-should-i-get.html.  

O, ano sis knows mo na how much?  Wag ka ma-'imbey' at wala naman tayong magagawa na diyan.  Government rules and laws yan  The only answer here is to save a portion of your monthly income.  10% is a good start, until it becomes a HABIT.

After saving, you should consider investing.  Sis, 'jutay' ang interest ng banks.  Study some investment vehicles where you can put your hard-earned savings to earn better.  You can opt for mutual funds, UITF, bonds and stocks among others.  But you have to do some research and study before investing.  Mas 'dako' ang interest with those investments.  If you want to know more and you are ready to listen to me, you know where to contact me.  

And in our twilight years, I still want to see you my old friend na 'havey na havey' pa din.  Walang 'Hagardo Versoza' at 'chika' ng 'anik-anik' just like the old days.  

O, share mo to. Wag na 'yamey', NOW na!

See you again, my friend!

**I have a lot of gay friends and I call them sis or ateh, as they call me that too. But friend, sorry naman kung di ko masyado na-keri ang gay lingo, although I tried.  I love you fabulous peeps!

*Special thanks and shout-out to my friend from miles away and from childhood, ALLAN JAY REYES, for helping me out on this blog entry and for the friendship through all these years!  Thanks, too, to BRUCE AMOROTO, for helping me out to edit the file and for being a good critic.  Much love from me, my dears.

If you want to know more about Financial planning tips, ideas and free seminar, please go to www.facebook.com/FinancialFreedomBlueprintPH.

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Why Do I Need A "LEISURE FUND"?

Why Do I Need A "LEISURE FUND"?

Image courtesy of 

http://www.splitcoaststampers.com/gallery/photo/1398183

Do you love travelling a lot?  Do you have a lot of money until the next promo flight comes along?

Are you so techie that every new iPad, iPhone or Samsung phone is a thrill?  Are your hobbies eating up your savings account?

Then you need to put up a LEISURE FUND.  

But what is leisure fund anyway?  That crossed your mind?  Well, let me introduce to you the fund I came up with for me and my family.  This keeps me and my husband sane from all the stress and hardwork we do.

First, I assume you have already started or built your Emergency Fund.  You cannot in any way start your leisure fund without having prioritized your Emergency fund.  If you would like to know more about Emergency fund, please go to http://mamaravesph.blogspot.com/2014/10/why-do-i-need-emergency-fund.html

Leisure Fund is a stash of money you keep for fun and your own mental health.  This is the money you pull out for expenses outside your monthly needs, savings for retirement fund, education fund and your emergency needs.  You build this fund in your bank account as savings account, passbook account or time-deposits to access in case you need to replace an old gadget, an old PC or laptop, to buy or replace hobby equipment/tools, shopping for new clothes and shoes or simply to take a vacation.  This fund I believe should be a separated fund from all the rest to keep you from overspending when you are way too much having fun.

So HOW MUCH do you need as Leisure Fund? 

There are no exact figures.  I, myself just keeps a modest amount to it.  I keep an amount we usually spend on one vacation (airfare + hotel + food + recreational fees).  But I don’t indulge on very frequent vacations.  Once a year, maybe.  With so many promo flights, I also have a hard time saying no to click and tap that iPad and book.  But I have a strong will not to do it frequently.

My leisure fund has RULES also.  And these I keep in mind.  You may also do your own house rules, it's your fund anyway. So far,  these are my rules for my leisure fund:

1.       You cannot buy a new gadget if your gadget can still keep up with your tasks.  If I get a gadget for free for keeping my mobile plan, that’s okay;

2.       You cannot take a trip just because there is a promo fare;

3.       You cannot take a trip more than once a year;

4.       On shopping: If it’s not on sale, don’t panic buy and take time to think if it’s worth it;

5.       Bend some rules every now and then and enjoy life (take note, I said every now and then);

6.       You save back whatever you spent from that fund.

Do I deserve to have a LEISURE FUND?

I believe anyone who works hard deserves this fund.  Anyone who doesn’t will have a hard time keeping his sanity intact.  With all the toxic and stress you get from working to keep up with your expenses and savings, you deserve a break or some good things in life.  So, just plan ahead, YOLO!

If you want more Financial Planning tips, ideas and seminar, please like http://www.facebook.com/FinancialFreedomBlueprintPH.

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Free FP Seminar at Your Own Office!

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Excited to shop? 

Then in January see yourself back in the rat race again? Why not TRY something new this year and learn to SAVE and INVEST? 

FFBPH is offering FREE Financial Planning Seminar/Awareness at your own office for your team mates, company and group of friends. It will just take one (1) hour of learning, and maybe you can start anew this year! 

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