[photog]

@bluegenes
This financial model has put order in my family's finances and how we handle it. It is achievable tyaga ka nga lang ng konti and dapat discipline and commitment. I'm sure you and your friends can do it also.

photog question lang po, how about inserting #10 Investment right after #6? If you invest wisely that would accelerate #7,8 and 9..

@dropzite
You can actually do that if your risk appetite can handle it. This model favors liquidity and conservativism, two things that I prefer so I like following this model. The beauty about financial models is that we can adjust it to suit our tastes so if you prefer to accelerate your financial program, then by all means go for it. Make sure lang na you think and re-think your investments para hindi sayang.

[Gaius]

Galing ng Info. thank you so much for sharing this thoughts.

[prodlinetrading]

ganda po ng mga sinabi nyo. though i've read about these things, it good to be refreshed once in a while.  

[Orion]

Thanks for information  
In general, it attractive offer. May be Ill try it)

[topbizdeveloper]

Very cool.. Simple but has a lot of sense.. Sometimes we forget these things. I think they're essential..

sabi ni Francis Kong
secrets to success to name a few.
1. wake up early
2. walk fast
3. Sleep Early

dagdag na rin
stay healthy. being sick will eat all your hard-earned money.

[Simpleng_Mamamayan]

GBong,

Thank sa info! sa tutuo lang, hindi ko alam regarding sa savings, Thanks ulit  

[leela]

1. pay yourself first. in simple terms, magtabi muna ng pera bago gumastos.

in my present work, i'm lucky to find a company na may good employee savings program. in just my third month, i enrolled agad in the program. every month, 10% of my salary is automatically deducted and transferred to that savings program. my money is pooled with the rest of the employees' savings. my money grows at 10% interest rate. in my four years with the company, i've already reached more than 100K in savings.

2. live simply.

if you don't have the cash to pay for something, don't buy. check the unnecessary expenses you incur everyday and reduce it. i follow suze orman's question, "can you afford it?" if you cannot, you're denied.

3. teach your family.

i married someone who was a big spender. when we got married three years ago, he had 120K in credit card debt. it's a total shock to my system because i grew up without debt. the only debt i had was in my credit card (about 15K) but i considered it "good debt" because i used my CC to pay for my MBA studies. but i no longer have CC debt in my last year of MBA.

i just showed him how money works for us, how i save my money, how we are able to save for emergency, etc. i also religiously watch suze orman and kahit inis na inis siya kay suze orman, wa siya choice kung hindi manood because we only one TV. hehehe. eventually, natuto din siya.

his CC debt has already gone down to 60K in just 6 months.

[bloody]

i was really glad to read all your post, and i'm planning to follow simple steps that you guys and gals have said. Very informative and it came from real life experience's which is very challenging.

[GoodSteward]

treat savings as an expense. u save to buy your future.

[Langerhans]

Everything said beautifully. I have learned a lot just by reading this thread.

[thinkrich101]

This is a very nice thread...

[enchy05]

i learn a lot?
thanks guys?
save na rin ako?

[mbd]

ang saya saya kaso kulang time ko... balikan ko lang ito ha...

[mbd]

@blushy_blushy
yan din ang advice sa akin na nanay ko nung dalaga ako... mag-enjoy daw ako habang dalaga at mag-ipon,  pero ewan ko bakit naalala ko ung mag-enjoy pero di ko naalala ung mag-ipon... so naglakwatsa ako ng walang humpay nung single ako until nung newly wed kami ng hubby ko.

isang araw narealize na lang namin ni hubby ng pareho kaming may fulltime job pero di lumalaki yung savings namin kung di eh lumiliit pa nga...

so naisip ni hubby na gumawa ng excel ng finances namin... enter dun lahat ng gastos in a month w/c is fairly easy to do kc i don't carry cash, so lahat ng transactions ko at nasa bank statement ko... cut ko na CC ko...

nasusunod naman pala namin mga advice dito kaso lang hindi in order... example ke photog medyo pang #8 na ata yung house pero kami inuna namin yun, kasi dito mahal umupa... kaya nagsikap kami makaipon ng pangmortgage... after nun kung ano man binabayad namin sa mortgage eh atleast sa house namin napupunta yun...better pa din kesa magrent kami kasi pagrent everymonth eh lumalabas na yung pera at di na yun babalik...

after nun narealize namin na ang tangging investment namin eh yung kinita namin sa kasal... at in peso yun... eh dito kaya nakatira sa UK so wala din yung bearing masyado di ba, not unless pagretired na siguro kami saka pa lang yun magagamit...

a year and a bit of watching preacher in blue jeans and 10 months of reading books of experts like RK, donaldtrump, LG and trace trajano at kahit anong basa ko dito sa PMT, i cant get myself to get started in real life...  sana wag kayong gumaya sa akin na medyo slow... late na nga ako nung nag-umpisa mag-aral about finance eh late pa ako nung magsimula mag-invest in real life. nung finally nauntog ako at narealize ko kung gaano kadaming chance at time ang sinayang ko ay inis na inis ako sa sarili ko... as in literally,  gusto ko bumalik ng 5 yrs.. pero di pede eh... ang inisp ko na lang sana in another 5 yrs time eh di ko uli un sasabihin sa sarili ko.

yung emergency fund wag kayong magpanic dun kasi pede mo yun ipunin w/in 5 yrs. so wag sana madelay yung pagsave at pag-iinvest mo dahil gusto mo muna makaipon ng emergency fund na equal sa 6 months ng sweldo mo... pede yan sabay sabay...

swerte lang kami ni hubby kasi automatic deduction na yung pangretirement...at yung sa govt kasi dito may marerecv kang pension sa govt pagretired ka na.
pareho kaming may 6 months full pay at 6 month half pay sa work kung sakaling di ninihingi eh may mangayri sa amin... pero ganun pa man kinacareer pa din namin ang emergency fund.
 life insurance- insured kami against sa price na haus... at may home insurance
 libre medical (NHS) dito pero meron kmi pa din private medical insurance ni hubby at si baby din.
libre din aral ng bata dito until 18y/o at yung university ay means tested dito sa island nmin... fee ung tuition tapos means tested yung allowance...  pero sinisave namin yung child benefit ng baby, nag-aadd lang ako ng konti para pang university nya kasi baka mag-emigrate kami eh di na ganun sa mapuntahan naming lugar.

sa investing nagbabasa ako sa mga sites ng mga experts like RK and DT, madaming free dun. diversified in a way kasi may bonds, and MF ko pero nakatutok ako ngayon sa precious metals... pero kinukonsider ko itong savings ko hedge for inflation.
mahilig din kami s books ni hubby about finance... nag-iinvest kami para sa education nmin. sinusunod namin yung 70 10 10 10 ni bo. pero dahil nakailang taas na seldo mula nung nagstart ako magsave and invest eh 65-15-10-10 na gawa ko, 15 being pang invest.

kaya di pa huli ang halat... kahit sa mga tulad kong late na nagstart.... kaya natin ito at malakign tulogn ang PMT sa financial education ko.

[SirYuri90]

very sound advice