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I am in my 40s and my net-worth is over $1 million USD. I've been following the posts here, but unfortunately I don't feel that I am in any position to contribute. I do feel that achieving my net-worth wasn't remarkable at all. Had I been in the Philippines working, then yes, I'd be very proud of it. Having worked in the US in high paying jobs saving 7 figures seems almost inevitable. You're allowed to get a low interest mortgage so you can buy a house you normally wouldn't be able to afford; there are saving vehicles like a 401k, IRA, etc--and all of these things are tax deductible and very effortless.I'm wondering if anyone else here made their money abroad and feel like a fraud? To me, someone who saves 10 million pesos while working in the Philippines is more deserving of praise, is a more diligent saver, more investment savvy, etc than a white-collar professional who saved $1 million USD while working in California, New York, etc.Just my thoughts
I'm outta work, and checking my net worth, I'm in luck to increase ours by 70% from last year..... yehey!Sana di mabawasan ng husto bago ako makahanap ng panibago
hi ms jen wow 70% galing nyo naman humawak nang pera nang asawa po ninyo siguro nagtutulungan po kayo sa pagmamanage nang money.
Just found my old post here last 2015 when I was still 24 and had 450k net worth. I am happy to say that I've finally reached the 1M mark at age 26! I wanted to achieve this at 25 y.o., but still, not bad. Unti-unti nang nagbunga ang pagiging kuripot ko at pag-si-save and invest. Whew. Thank you, Lord! Thank you, Universe!Age: 26 (single)Source of Income: Programmer / Stocks TraderMonthly Savings: approx. 34kNet Worth: 1M (finally! Sorry if I sound like I'm bragging, but I'm just happy to crash this off my goals list. Off to my next goal na )Assets: stocksLiabilities: credit card debt (but I pay in full every month, so does this count?) and real estate lot that I bought for personal use
update Age: 36 (married)Sources of Income: Salary as an OFW Telecom Engineer (Dubai), rent, passive income (AFPSLAI)Monthly Savings: around 75K (55K to 60K monthly remittance to my savings account in the Phils. 13K montly from AFPSLAI, 5K from rent) total Assets: approx. Php 6.98M - Php 3.5M properties - Php 2.6M bank savings - Php 850K stocks - Php 30K online investment Total Liabilities: Php 1.726M - Php 800K remaining housing loan from PAG-IBIG - Php 546K remaining car loan (in Dubai) - Php 380K remaining personal loan (in Dubai) Approx. Net worth (Assets minus Liabilities) = Php 5.25M2016 so far has been very challenging for me. First is my car here in Dubai was totaled by a flash flood. I was still able to 50% of the value of that car from the insurance company. But still, I need to buy a new car again hence a new car loan. The Oil and Gas industry is still in a slump and has affect almost all the companies in Gulf region. My wife got retrenched from her company because of this recession caused by the Oil price decline. To make it worst, my wife was diagnosed with hyperthyroidism which requires her to do only little physical activity and instead requires her to have lots of rest. In short, she is unfit to work. So yeah "tiis-tiis" mode kasi ako lang yung kumikita samin. Looking on the bright side, sa wakas nasa smartphone age na rin. My 7-yr old Blackberry got drowned together with my previous car so no choice but to buy a new phone. And hoping that 2017 will be a better year.