Not a few Filipino citizens will be looking forward to their monthly pension from SSS and GSIS upon retirement. And it is no secret that the allowance roughly translates to P3,000/month, which 10 years from now will just be equivalent to P1,809.
Do you think P1,809/month will suffice? How about your maintenance medicine? Your electric bill and other fixed expenses? What if you would need a lump sum amount for a surgery?
Clearly, a small trickle of allowance from SSS or GSIS will not be sufficient.
What if there's a solution that can afford you a P15,000 monthly pension instead? A solution that allows you to withdraw P1.6M tax-free should you need a lumpsum?
I'm talking about investments. Of course it's better if you have an insurance policy. But let's go back to how this will work.
1) You are 35 years old today.
2) You want P1.6M at age 55 OR P15,000 monthly earnings from 55th year onwards
3) You want to be able to partially withdraw cash anytime
4) You don't like the idea of maturity dates
What do you have to do?
1. Save P1600 for 20 years. Stick to it.
2. Save it in high earnings stocks.
Other Options:
If you save P1600 in the piggy bank, you will get P384,000 in 20 years.
If you save it in time deposit, you will get P501,000 in 20 years.
If you save in stocks and bonds, you will get P1.6 million.
Which would you choose?
You've got to plan for your future self. And you can start now.
-------------------------------
For inquiries, send an email to Horeb Eliot at horebelliot at yahoo .com.
Horeb Eliot is an assistant professor at UP and is a licensed financial planner.
Saturday, January 11, 2014
Study in the UK
Friday, January 10, 2014
What Keeps you from Investing?
I really find investment exciting and rewarding (Colfinancial, Philam). I wonder about people's general reasons why they aren't:
A) break even salary; nothing to save at all
B) lack of information about investment
C) does now know someone to provide reliable assistance
D) fear of doing something new
Irrespective of whatever reasons you identify above, I believe all of them can be solved by sound financial planning.
----------------------
Please feel free to send inquiries to the author at horebelliot @ yahoo . com.
Horeb Eliot is an assistant professor of Political Science at UPLB and a licensed financial adviser.
A) break even salary; nothing to save at all
B) lack of information about investment
C) does now know someone to provide reliable assistance
D) fear of doing something new
Irrespective of whatever reasons you identify above, I believe all of them can be solved by sound financial planning.
----------------------
Please feel free to send inquiries to the author at horebelliot @ yahoo . com.
Horeb Eliot is an assistant professor of Political Science at UPLB and a licensed financial adviser.
Thursday, January 9, 2014
Tomato Paste Facial Mask
The ~ber months gave another nasty round of acne bloom, which aren't really welcome Christmas additions. The choco-honey-red wine face mask that I have been using to keep my pimples at bay failed to work this time, to my heart's disappointment, and so I had to look for an alternative mask.
I used cherry tomatoes before in Korea and my face has never been that clear. I thought it was just the good weather and non-greasy foods so I decided to just treat tomatoes as a fruit, or vegetable, whatever.
Bad move. My pimples recurred. Back to slathering squished tomatoes on my face. It was troublesome, especially if the juice runs down to my clothes. And so I got enough of the tomato regimen and onto the chocolate-honey-red wine alternative.
I've been using that mask for almost a year now, but there has been no real effect on my face. So, just a week ago, I decided to give tomatoes once again a try. I bought a pack of tomato paste because I reckon it's gonna be less drippy. It tingles a bit because I didn't dilute the paste with anything in the initial attempt. I wanted to clear up the acne marks quickly, and I assume that tomatoes have natural acids that will do the thing. Yes, it did tingle, and so it must be working.
Now, down to the 7th day of using it.
Pores were definitely smaller! Dark marks left by red, cystic acne were significantly less visible, and my facial complexion noticeably lightened. Seriously, I cannot believe that I had just saved thousands of pesos for an IPL or diamond peel just to get rid of these unsightly genetic curses once and for all.
If you have oily skin, don't dilute the tomato paste with anything. It'll work faster that way, I think. If your skin is sensitive, put a little bit of honey to the mix. Let it sit on your skin for more than an hour, yeah! Sometimes I leave it on till I finish a whole movie. Rinse, moisturize, and off you go to bed. Your face will be as bright as the morning sunshine.
The lovely red plushies saved the day.
I used cherry tomatoes before in Korea and my face has never been that clear. I thought it was just the good weather and non-greasy foods so I decided to just treat tomatoes as a fruit, or vegetable, whatever.
Bad move. My pimples recurred. Back to slathering squished tomatoes on my face. It was troublesome, especially if the juice runs down to my clothes. And so I got enough of the tomato regimen and onto the chocolate-honey-red wine alternative.
I've been using that mask for almost a year now, but there has been no real effect on my face. So, just a week ago, I decided to give tomatoes once again a try. I bought a pack of tomato paste because I reckon it's gonna be less drippy. It tingles a bit because I didn't dilute the paste with anything in the initial attempt. I wanted to clear up the acne marks quickly, and I assume that tomatoes have natural acids that will do the thing. Yes, it did tingle, and so it must be working.
Now, down to the 7th day of using it.
Pores were definitely smaller! Dark marks left by red, cystic acne were significantly less visible, and my facial complexion noticeably lightened. Seriously, I cannot believe that I had just saved thousands of pesos for an IPL or diamond peel just to get rid of these unsightly genetic curses once and for all.
If you have oily skin, don't dilute the tomato paste with anything. It'll work faster that way, I think. If your skin is sensitive, put a little bit of honey to the mix. Let it sit on your skin for more than an hour, yeah! Sometimes I leave it on till I finish a whole movie. Rinse, moisturize, and off you go to bed. Your face will be as bright as the morning sunshine.
The lovely red plushies saved the day.
Tuesday, January 7, 2014
Helping and unconditionally giving to your family could be harmful in the long run
You
have to hold on to your dreams, even if you support your family. You do
this not by holding them as a fantasy, but by taking practical steps to
make them a reality. (modified)
This is a gem I picked from Suze Orman's book The Laws of Money, The Lessons of Life, to which I owe my family's relative financial stability (as of 2013!). I hope more people, especially those with loving intentions to labor and send their siblings to school and pay for loans their relatives owe, wear around their neck.
Please do not think that you're becoming unselfish by giving and giving. The truth is, if you fail to protect and secure your self, you may just end up becoming another liability, if not a casualty, of your own good intentions.
A balancing act, then, is required.
This is a gem I picked from Suze Orman's book The Laws of Money, The Lessons of Life, to which I owe my family's relative financial stability (as of 2013!). I hope more people, especially those with loving intentions to labor and send their siblings to school and pay for loans their relatives owe, wear around their neck.
Please do not think that you're becoming unselfish by giving and giving. The truth is, if you fail to protect and secure your self, you may just end up becoming another liability, if not a casualty, of your own good intentions.
A balancing act, then, is required.
Sunday, January 5, 2014
Half a Million Peso Challenge
I received a request to modify the Php 2000 savings to Php 1000 and project the total balance in 15 years.
The good news is, typical stocks allow for a minimum of P1000 deposit at any point in time and at any frequency, so long as you have extra cash.
So, here's the 15-year projection:
That's a total deposit of 180k and total balance of 476k.
Know where to put your hard earned cash in safe and high-yielding destinations.
----------
For inquiries, kindly send an email to the author at horebelliot at yahoo.com
The good news is, typical stocks allow for a minimum of P1000 deposit at any point in time and at any frequency, so long as you have extra cash.
So, here's the 15-year projection:
That's a total deposit of 180k and total balance of 476k.
Know where to put your hard earned cash in safe and high-yielding destinations.
----------
For inquiries, kindly send an email to the author at horebelliot at yahoo.com
Saturday, January 4, 2014
Saving Thought-Strategy
I am currently reading Suze Orman's books and came across this gem of an idea, which we know anyway but tend to ignore:
"Just because you can afford it doesn't mean you should buy it."
iPhone plans are cheap in the Philippines. You can get an LG G2 unit with unlimited data and hours of call-time at 41U$D a month. Clothes are relatively affordable with Guess and Bershka averaging 55U$D per article.
Indeed, temptations are everywhere. But when you wear that little advice around your neck, and recognize that your 50USD (P2000.00), if invested instead, say, in mutual funds or UITFs, can make you financially secure in the long-term, then deferring gratification will come in easy.
"Just because you can afford it doesn't mean you should buy it."
iPhone plans are cheap in the Philippines. You can get an LG G2 unit with unlimited data and hours of call-time at 41U$D a month. Clothes are relatively affordable with Guess and Bershka averaging 55U$D per article.
Indeed, temptations are everywhere. But when you wear that little advice around your neck, and recognize that your 50USD (P2000.00), if invested instead, say, in mutual funds or UITFs, can make you financially secure in the long-term, then deferring gratification will come in easy.
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sEntry: The Clutter Junkster
Korea-related posts:
Dedication Post
1) Creature of Habit
2) Hope for Joy
3) Frozen in Time
4) Precious Wound
5) Ironed Fashion
6) My Name is Rain
7) Winning Moment
8) Life on Film
9) I Can't Touch the Things that are True
10) Kaleidoscopic Bibimbapish Post
Post-Korea Stress Syndrome
1) Time in a Bottle
2) For a While
3) Still Single
4) Thesis Acknowledgments
5) A Tribute to the Triad
6) Prince Caspian: A Must See
7) Halo-halo for the Rainy Days
8) Family Reunion
9) Lying is A By-product
10) Gladiators in My Dream
11) Turning a New Leaf
12) Is There a Bane to Being Brown?
13) Serve the People?
14) Lament of a Call Center Agent
15) A Mechalife
Bpath Counter
Dedication Post
1) Creature of Habit
2) Hope for Joy
3) Frozen in Time
4) Precious Wound
5) Ironed Fashion
6) My Name is Rain
7) Winning Moment
8) Life on Film
9) I Can't Touch the Things that are True
10) Kaleidoscopic Bibimbapish Post
Post-Korea Stress Syndrome
1) Time in a Bottle
2) For a While
3) Still Single
4) Thesis Acknowledgments
5) A Tribute to the Triad
6) Prince Caspian: A Must See
7) Halo-halo for the Rainy Days
8) Family Reunion
9) Lying is A By-product
10) Gladiators in My Dream
11) Turning a New Leaf
12) Is There a Bane to Being Brown?
13) Serve the People?
14) Lament of a Call Center Agent
15) A Mechalife
Bpath Counter
