How much is your net worth?

[ikaela]

I have been reading the forum but haven't made a post until I read this. I just have to say what I feel. Sis, you are inspiring. You gave me hope!

Your post made my day, cescilay. Naku, ewan ko ba, basta I remember, all I could think about then was how the hell I was going to get out of the hole I was in. It seemed so deep back then -- I was almost a million in debt, I had a case in court to worry about, my partner was incapacitated, and he and his family were all depending on me for pretty much everything (needless to say, they didn't have money either and were all unwilling to borrow). I myself was lost, but since everyone depended on me, I had to be strong. There was no time to sit in a corner and cry, so what I did was buckle down, focus on the one thing I think I could make money from (which was my job), and just did that. Wala na ako inatupag but THAT.

You are right -- the key is to work hard and work smart. As soon as I had saved up a bit of money, I looked for ways to make that money work for me, because dammit, I had growing debt to pay! There were times na sa pagkainip, I entered very risky investments. I did get burned, but thank god they weren't huge amounts.

As I mentioned, I also invested in funds -- I was very lucky that it was a bullish market when I entered, because if you check the returns of MFs within the past 4-5 years, umaabot ng 20%, 30%, 70% and even 100% ang yearly returns. I don't know when MFs and UITFs will post those kinds of returns again.

Hindi pa tapos ang kwento ko. As they say, marami pa ako bigas na kakainin. Just recently, I took on a huge loan for this business I want to start, so my net worth is actually negative again. Ewan ko ba again -- when I was making my pitch for the loan, I couldn't believe how confident I sounded! Kaya siguro inapprove agad. Pero when I'm alone, ang dami kong fears. Haha. Nag-promise din ako ng yearly percentage. When I computed, that percentage is only going to be less than half of the conservative projections, so I think I'm good. I HOPE I'm good.

Eto na naman, time to buckle down and just get to work.

[Myealexis21]

Ayokong icompute kase for sure maliit lang kase meron pa akong personal loan at car loan.  Good thing CC is all cleared na.  I have a few 100k saved in the bank, but with the loan negative pa rin. 

I am counting on my End of Service Benefit or Gratuity, yan na ang aking retirement plan LOL!

but I am still happy kase kahit wala akong masyadong ipon, at zero properties I can say that I have been able to support my parents and brothers. A big chunk of my salary back when I was single goes to them.  Actually yung loan that I am paying right now, more than half of that went to my parents. So yeah

Net worth might not be that good... but as a daughter and sister I am worth a million bucks

[Whiza]

Wow, very inspiring ng stories dito. My friend and I are thinking of starting a business. Sana maging successful din kami at nang may maipost din ako dito na inspiring.
Negative kasi yata ako financially ngayon. 

[kwang sun]

70+k as of this moment.. got money in mutual funds and in savings din.. depende sa market. hahaah.. nasa mutual funds kasi yung iba.. mga sis help naman .. how can i achieve 100k before the year ends? lol .. but alam ko pababa ngayun MF eh .. pano ba mga sis? =/

[Ma.Jewel_1987]

Ang yayaman ng mga sis natin dito hehe. Ako 26 na but only 150k, well galing din naman talaga ako sa walang wala. May lending business ako ngayon and I do invest sa stock market, sana umabot sa 1M before I turn 30   

[kittypaw]

50k
29

pfffft! tipid tipid muna ko sorry naman.

[diwata]

Currently, overdrawn! Pushing hard to at least remove all my loans. Buti may life and retirement ako na binabayaran. Parang ipon ko na rin iyon e.

[maycjj]

Assets: Right now P0 
Liabilities: P200,000

But I'm happy. Hopefully, sa Jan. 2015 positive na assets at 0 liabilities.
Breadwinner ako e. Panganay sa 8 magkakapatid. Thank GOD, graduate na kaming 5. 3 na lang, all college.
Kaya for me, miracle talaga na lahat kami ay professional at may trabaho. To think na si nanay at tatay ay parehong highschool graduate lang.
Isa pang miracle, wala sa aming nabuntis, nakabuntis, nagyoyosi, umiinom, nagdadrugs, etc.
Kaya super thank the LORD.
Aside from pagpapa-aral nung 3, wala na ring work both of my parents dahil matanda na. So pati sila sinusupurtahan namin.
Tulong-tulong lang. Tuwing may gagraduate, tulong lang.
Sa awa ng Diyos malapit na.

[empire_maker16]

Net Worth: 4M
Age: 23

because of salary, commission, funds and stocks

[mameejhy]

There was no time to sit in a corner and cry, so what I did was buckle down, focus on the one thing I think I could make money from (which was my job), and just did that. Wala na ako inatupag but THAT.

That's a great attitude, sis!

Keep it up and God bless.

[beach]

Time for another update and a wake-up call.
Age: 32 (almost)
Net Worth: 4.82M

I was really aiming for exponential growth this year. But I just got married and somehow, nagging husband na ang first priority ko, not earning money, which is tama naman. But reading this thread has reminded me to still be focused on my financial goals aside from taking care of my family.

empire_maker16, omg... idol kita. Ang galling mo naman. I wish I started taking care of my financial health as early as you.

[JINJIN:*]

hinanap ko talga yung post ko dito nung 2011..eto ang sagot ko:

1.) 462,200-29000 (old loan na hindi pa nababayaran) - 35000 (cc debt ko now) = 398,200php
2.) 32 years old

after two years
1. 1.7M
2. 34 yrs old
wohoooo!! not bad for two years..from 4k to 1.7M. not bad really. Mas malaki payan kung hindi ako nag splurge sa Travel.

wow..this inspires me to continue saving and be a wise spender. yun lang hindi ko alam kung kakayanin ko pa as there is a baby on the way.

lets see after 2 years mag popost ako ulit.

[MissChievous]

^ Galing sis! Glad that you are an "Ultimate" people who pursue both fun and personal finance. Ganyan din ako. I would want to enjoy the world while saving up. Galing din ng iba, ang babata plg 4M na yung net worth! Kudos.

Age: 26
Worth: ~300k

Hoping to have my 1st Million next year?! I do have responsibilities sa family ko. I did a lot of money mistakes during my first few years of working kaya yun. Di naka pag save. I was too much of a giver. So ngayon, financially literate na ako, I think I can do it this time!

[abbeydasassy]

wow. if hindi pa ako naligaw sa thread na to I wouldn't even noticed how far I have come.

age: 26
913k

few months or a year I am nearly 1M.

ngayon lang ako nagkompyut ng total hahaha.

liabilities- 47k cc

i make sure I leave a travel fund, yun lang talaga luho ko sa sarili ko :p

work hard play hard

[nicola_juliano]

Wow, ang taas... Kung di  siguro ako nagbibigay ng expenses sa bahay, ganyan na din naiipon ko.

[Annie M.]

What an inspiring thread.  I started using budgetpulse.com and found out that my net worth is exactly P582,594.39. Hahaha! Talagang sakto hanggang huling sentimo.

May mortgage loan pa kasi ako, so that really diminishes my net worth. Sana mabayaran ko within 5 years yung mortgage sa condo ko para gumaan din ang monthly expenses ko.

ANYWAY

Mga sis, baka may nakakalimutan kaying ilagay sa assets nyo, halimbawa:

1.  Equity in your condo/house

example: This is the current value of of your home less any remaining mortgage payments
So if your home will currently sell for 2 million, but you still owe the bank let's say 1.2 million, then your equity is 800k. That's an asset.

2. If you own a condo and you bought a parking spot, and fully paid na, asset din yun. Parking slots these days are 500k to 800k!

3. Cash surrender value of your life insurance. Not the face value -- just cash surrender value.

example: The face value of the insurance is 1M, but the cash surrender value right now if you choose to not continue sa paghuhulog ng insurance might be around 50k. You can check your policy

4. Jewelry (wala ako masyado nito)

Hope this helps.

[happie]

Ikaela goodluck girl! I was also not a risk taker until recently. My net worth minus jewelries, vehicles and stocks would be 8 digits. Luckily its quite big for my age :d i started saving young kasi.

I never had loans before but i do now, but i think my new business can sustain the monthly payables plus overhead costs of running the business. Worst, i can take out money from my savings

[empire_maker16]

hi sis @happie wow idol na kita goal ko yan this year sis na maging 8 digits na rin this year.. if you dont mind pwede malaman ang business mo? and how mo nakuha ang 8 digits? from work or business? thanks! hope you'll inspire us more na my goal makakuha ng ganyan na net worth.

[mameejhy]

Great tips @Annie M.!

[happie]

@empire_maker thanks! How much is your savings na ba right now? It took me years save this much.

I can't share what I do exactly, but the cliche is true, you just have to do something you are passionate about. I learned what i wanted in my previous work which is marketing related.