What's the best route to financial independence given below pointers?

[bauer]

Now, imagine if you find the will to be an entrepreneur, and use your talents and find, set up, or collaborate with other people equally driven, to eventually make at least P1M  a month instead of P30K, then f.i. can be achieved when you're still young.

Good advice!

[SirZap]

No offense po, pero this is a forum where we can share opinions, advice and the like.
It is the within the author's discretion whether he/she would follow any or none from them.
They asked for advise, we answer, they ponder for it, then decide whether to accept them or not.

It is not fair to say that just because someone is still not financially independent, he/she should not say anything.
Nor he/she should not be trusted.

It's just like saying that "we shouldn't trust what our teachers taught us just because they are not Einstein."
Opinion lang po.

no offense taken. I'm just saying I don't want to give an advice as of the moment. I just prefer giving an advice about financial independence If I'm already in that "state".

also there are lots of folks here who can dish out a better advice than I can.

[richpulubi]

no offense taken. I'm just saying I don't want to give an advice as of the moment. I just prefer giving an advice about financial independence If I'm already in that "state".

also there are lots of folks here who can dish out a better advice than I can.

Actually, in my opinion, there is much more we can learn from what did not work.  Kumbaga, 'I tried that, but it did not work'. 

As the saying goes, you learn much more from your failures than your victories.

[angeljme]

Don't get married! Or don't have a child early on the marriage.
If and when you do that, the 30k would be like 100pesos.  Hindi ka na talaga makaka-ipon.  You can never be sure if the partner that you'll get will increase your wealth.
Get a UITF or an MF to start investing.  Or buy a small town house or mid-rise condo.  At least the thing that you would buy would be an asset to you and not a liability.

[SirZap]

Actually, in my opinion, there is much more we can learn from what did not work.  Kumbaga, 'I tried that, but it did not work'. 

As the saying goes, you learn much more from your failures than your victories.

well , I was not referring to failures or to things that did not work. I was just expecting someone would give sensible advise that has been given here in this forum.
you just said to try entrepreneurship, I know someone would dish out that kind of advise.... anyway back to regular programming

[richpulubi]

well , I was not referring to failures or to things that did not work. I was just expecting someone would give sensible advise that has been given here in this forum.
you just said to try entrepreneurship, I know someone would dish out that kind of advise.... anyway back to regular programming

So do you have anything against entrepreneurship?

Unless for some reason, you are extremely lucky or extremely gifted, it is hard to achieve f.i. being employed.  Entrepreneurship seems to be easiest way if you're just an ordinary person...like me.

[SirZap]

I have nothing against entrepreneurship. medyo nagulat ako na  may naiisip kang ganyan eh wala naman akong sinabing masama tungkol sa entreprenuership at sa iyo pa manggagaling.
pasensya ka na it seems na-derail na yung topic. sinabi ko lang yung punto ko. I'm just saying people will give their own advice  like entrepreneurship, and to add like investing in mutuals funds/UITFs/VULs, stocks, bonds, foreign exchange, cooperatives, insurance, etc. etc. get the drift?

any way, good luck kay TS at dun sa mga nagaabang ng advice.

[richpulubi]

I have nothing against entrepreneurship. medyo nagulat ako na  may naiisip kang ganyan eh wala naman akong sinabing masama tungkol sa entreprenuership at sa iyo pa manggagaling.
pasensya ka na it seems na-derail na yung topic. sinabi ko lang yung punto ko. I'm just saying people will give their own advice  like entrepreneurship, and to add like investing in mutuals funds/UITFs/VULs, stocks, bonds, foreign exchange, cooperatives, insurance, etc. etc. get the drift?

any way, good luck kay TS at dun sa mga nagaabang ng advice.

You seem to be very combative lately.  Is there something you'd like to get off your chest?

[Jayumaster]

Apparently, the author haven't posted since day one. Maybe he had already answered his questions while back-reading. Or he may have been unable to find it and left.

 Anyway, Merry Christmas @Eugene and may you find your own unique route to financial independence. I have another advice. And you may already know it.

1. I hope you would save your 13th month pay and a portion of your Christmas bonus in the investment vehicle of your choice. Leave it and forget about it. Consider it an expense you paid for a gift for your self. 

[Wills]

First of all Philippines is a brutal place if you want to achieve your goal fast, I'm not saying its impossible to do it here, you can achieve FI here but you will experience a very hard life because you need to be extreme in all your ways to see result. It's just easier when you're in a richer environment.

So the best way (or the fastest way) to financial independence is to go abroad while you're still not married, you are already motivated you don't need a family yet. Marriage and family will help you focus when you're there in the middle of the fight but it's a burden if you are just starting out.

This is the most critical time of your life because your action in the next five or seven years will determine your future if pabaya ka gaya ng ibang kabataan na luho ang sinusunod for sure hindi ka uunlad.

[SirZap]

You seem to be very combative lately.  Is there something you'd like to get off your chest?

whoa? me combative?   do you have any proof? what is your basis that saying "get the drift" makes me combative? I mean Its been used lots of time to me when people are enumerating something to me to establish a pattern.

anyways ang layo ng reply mo sa akin. ayokong magbigay ng advise tapos reply kayo ng reply para mag-advise ako; may crush ka yata sa akin.

Apparently, the author haven't posted since day one. Maybe he had already answered his questions while back-reading. Or he may have been unable to find it and left.

 Anyway, Merry Christmas @Eugene and may you find your own unique route to financial independence. I have another advice. And you may already know it.

1. I hope you would save your 13th month pay and a portion of your Christmas bonus in the investment vehicle of your choice. Leave it and forget about it. Consider it an expense you paid for a gift for your self. 

so advise #2 investment

entrepreneurship... then investment 


Merry Christmas PMT

[richpulubi]

whoa? me combative?   do you have any proof? what is your basis that saying "get the drift" makes me combative? I mean Its been used lots of time to me when people are enumerating something to me to establish a pattern.

anyways ang layo ng reply mo sa akin. ayokong magbigay ng advise tapos reply kayo ng reply para mag-advise ako; may crush ka yata sa akin.


so advise #2 investment

entrepreneurship... then investment 


Merry Christmas PMT

Very well then, I guess I just have to take your word for it.

First of all Philippines is a brutal place if you want to achieve your goal fast, I'm not saying its impossible to do it here, you can achieve FI here but you will experience a very hard life because you need to be extreme in all your ways to see result. It's just easier when you're in a richer environment.

So the best way (or the fastest way) to financial independence is to go abroad while you're still not married, you are already motivated you don't need a family yet. Marriage and family will help you focus when you're there in the middle of the fight but it's a burden if you are just starting out.

This is the most critical time of your life because your action in the next five or seven years will determine your future if pabaya ka gaya ng ibang kabataan na luho ang sinusunod for sure hindi ka uunlad.

Yes, it's true that it is easier abroad, but you have to be a citizen.  Once you are, then when you retire, the government will tafe care of you.  With a pension, welfare, and healthcare. 

Given how trained we are to be frugal in the phil, it will be so easy to set aside money abroad, especially in the US, Canada, most places in Europe, and Australia.

Dito sa atin, ang laki ng kaltas ng taxes natin, tapos magpa-hospital ka, ikaw pa rin ang magbabayad!

But I wouldn't replace my life here in the phil.  I know I'll make tons more money abroad...but money isn't everything, di ba?

[pulubing_palaboy]

rp, i wish you could be more specific when you say "abroad". what countries are you talking about in particular as far as retirement, pension, welfare, and healthcare?

[lowije_dapogs]

Seriously, get married. Financial independence at your grey years means nothing if you are lonely. It is true that you don't need it for motivation, but it really will be your number one motivating factor. Being single may cause one to lose track of one's goals, and end up failing in the end and worse, failing and lonely. You may be disciplined, but you are still human.

First step, find a partner to walk hand in hand towards that goal. Seriously. 

s0rry naguluhan ak0... parang ang layo ng get married sa objective na financial independence. unless ang target m0 makapag-asawa ng mayaman then 0k, gets k0 na...

hindi lhat ng nag-aasawa nagkakadireksyon sa buhay. yung iba p0 lal0ng nagiging pabaya at dependent sa tul0ng ng magulang 0 kamag-anak, kasi hindi sila prepared at hangggang sa pagtanda hindi na natut0 tumay0 sa sariling paa kahit mga anak sa lolo at lola na pinaasa.

[Jayumaster]

s0rry naguluhan ak0... parang ang layo ng get married sa objective na financial independence. unless ang target m0 makapag-asawa ng mayaman then 0k, gets k0 na...

hindi lhat ng nag-aasawa nagkakadireksyon sa buhay. yung iba p0 lal0ng nagiging pabaya at dependent sa tul0ng ng magulang 0 kamag-anak, kasi hindi sila prepared at hangggang sa pagtanda hindi na natut0 tumay0 sa sariling paa kahit mga anak sa lolo at lola na pinaasa.

That is correct. But you get screwed either way.

Either you don't get married and get lost enjoying your bachelor's life until you realize how much precious time you wasted.

Or you don't get married and just focus on becoming rich. In which case, i would really admire your resolve and discipline.

Or you could get married, and lose your chances of becoming financially independent because of the challenges (and cost) of having a family to support.

Or you could get married, then start to mature enough  (and motivated) to focus on your goals in life.

Either way, at the end of the day, YOU are still responsible for your life. It all boils down on your programming, on your point of view, the way you were raised, the way you learn, your resolve and your determination.

Merry X-mas!