Becoming Financially Free

[may12]

Dami ko natutunan sa pagbasa lang sa thread na 'to. 
Salamat sa lahat ng nag-share ng knowledge and wisdom niyo. Sana soon isa na rin ako sa mga makapagbigay ng advice when it comes to becoming financially free.

[aquacharly]

hay! sana matupad tong plano ko na to. :-)

CHICHI, say:  Matutupad itong plano  ko, I will plan and work for it.

Don't use words like Sana, siguro, pangarap ko., baka swertehin....  ....   

[MissChievous]

Thanks, sis aquacharly! I have an officemate who invests in Forex. Pero di ko pa ata carry mag invest jan at sa mga NYSE. So, start small muna ako. I want to try MFs kasi. If I do COL, I need to constantly check on it and I think I am not ready for it yet. Siguro if maging stable na ako.

Sis, may question ako. Gusto ko sanang mag invest short term. Gusto kong kunin after 1-2 years for a specific purposes (house & lot, car, etc). Are there Money Market Funds that you would recommend? Or is there any way for me to invest short term lang? I need to separate my long-term investments (for retirement) from that. For long-term, I am planning on MFs nga. Tapos if I have gathered experience na, I'll try the NYSE. If big time na ako.

What can you say about my initial plan? Advise please. Hehe. Thanks.

[aquacharly]

All I know about maxing earnings on idle funds  with complete retrieval of principal & interest in 1-2 years --  is to go into "Deals" ?   Passive investments just won't yield much nowadays.

Co-finance a concert, do currency deals, seasonal or project-based importation, invest  in a registered Lending  Investor.  Madami puede, depending on your expertise; but these require hands-on participation. 

[nicola_juliano]

All I know about maxing earnings on idle funds  with complete retrieval of principal & interest in 1-2 years --  is to go into "Deals" ?   Passive investments just won't yield much nowadays.

Co-finance a concert, do currency deals, seasonal or project-based importation, invest  in a registered Lending  Investor.  Madami puede, depending on your expertise; but these require hands-on participation.

What is "Currency Deals"? Yan po ba yung may dollars ka and papalit mo to peso if it goes up? Is this how it works?

ANd what is seasonal or project-based importation? Eto ba yung dealers?

I wonder how to invest in a registered Lending Investor at paano kumita.

[joban99]

Thanks again aquacharly. Sige, Ill have to crunch the numbers a little more to make sure ok lahat.

[aquacharly]

What is "Currency Deals"? Yan po ba yung may dollars ka and papalit mo to peso if it goes up? Is this how it works?

No.
May be any currency where you can take advantage of conversion disparities.
Bridge financing
Or, outright currency swap.
There are more variations for sure, but that's all I do now and then. 

Very Simple example:  yung what some companies/banks do sa Middle East.
Doon mura $. Eh people get paid in local currency.
So they go to this bank/money forwarding company and turn in their local currency to be sent to their families here.
Eh dito, pesos are here already to be sent to their families.  Yung binayaran nilang local currency doon are used to buy the cheaper $ --  so there.
Private businessmen like me now and then have something like that going on. 

Madami nga variations, but -- Sorry, these  cannot be explained here this way.  The transactions may be simple, but the procedures are kinda complicated to pull off.

ANd what is seasonal or project-based importation? Eto ba yung dealers?

No. 

Seasonal -- simple example:  I will bring in  x no. Of containers of toys for the Christmas season & transact with a wholesaler or distributor

Project  based --  simple example:  a building owner needs elevators. Okay, I import and I get paid COD or on installment.

There are so many legal & moral deals out there. 

Example: when I go to NYC or LA on vacation,  --  I spend at least 2 days shopping for decorators.  So easy now coz click a photo, Viber or Skype -- yes or no?  This is a hobby to me, I like seeing new products. I am a frustrated interior designer.  lol. Curbs my acquisitiveness too. Lol. I shop for a whole house or a couple of condos.  . 
This "racket" of piggybacking on vacations I started when I was Lolz young pa and would travel with my Lola or parents.  Uso Polly Pockets? Sige, I bought those complicated pencil cases or the latest.   My easiest deal were the stickers. Lol
Now, I encourage my young daughter. She buys certain pricey dolls that she unloads to matronas (no kidding! They pay double or more). 

I wonder how to invest in a registered Lending Investor at paano kumita.

It's like placement with a bank, or a long-term deposit --  but the Lending Investor pays you more than the banks' interest.

[may12]

Sis Aquacharly, hanga talaga ako sayo diyan sa dami mong pinagkikitaan. Parang kahit saan ka ilagay, may paraan ka para kumita.  Very resourceful.

[nicola_juliano]

Dami ko natututunan sa'yo sis aquacharly. Thank you! Nagiging eye opener ka to me and to all sisses na nagbabasa sa forum.

I remembered na may mga nag-ooffer na remittance from HK to PH. It's not known here pero kilala sya sa HK. Kumikita sya and she make it as a sideline business while working sa HK. There's also one who is really popular of exchanging e-currencies to real peso for people who used to have a website for people who want to buy or sell it. I tried this practice before but I got scammed. I lost P20,000 but it gives me a lesson too that whenever you want to start a business, make sure you know all things. I'm not into exchanging e-currencies and decided to make money on something else.

Seasonal --- maganda ito. I also remembered a well-known person who used to bake Food for the gods. Magstart sya Mid september. Maramihan yun because sa kanya kumukuha yung isang well known mall para ibenta tuwing Christmas season. I wish I can do this soon for my chocolate art business.

I do trips sometimes out of the country, once a year or if limit ang budget, every two years. I'll consider this again on my next trip at makapagbenta. :-)

I wonder if you own a tiangge stall. Do you own one po?

Actually, maybe nasa dugo ko din pagiging entrepreneur. Siguro lang, baka hindi na-pursue before because no one sa family (even tito and tita) who owns a business and will somehow teach me how to sell. Si Lola lang ang meron but hindi kami close because of what I found out when I was a child --- hatred because she did something to me nung nasa tiyan pa lang ako ng mom ko. Ok, going back, no one teach me how to sell or how to be entrep but I was able to be an entrep since Grade 4-5. That is the time Stationaries are really popular back then. I have money to buy stationaries and I used to sell it to my fellow classmates. Kaunti na lang natira. Pero nagstop ako because lumipat ako ng school, money issues kasi. Sa Highschool, hindi ako nakapagbenta because bawal sa school. hehe. College, di ko ito nagawa because of studies. And now, as I'm working. I'm starting to sell ulet. Yes, chocolates which I crafted and I made with my own hands.

Thanks for being a good example Aquacharly. Sana maging eye opener ka din ng marami pang sisses. You are right, maraming opportunities out there sa Pinas, hindi lang tayo nagiging eye opener kung ano ang needs. Or might be, we don't have experience to start one. I'm still on the testing stage for my second investment and I don't want to put one in a basket so I'm planning to start another business soon. Hopefully, 3 businesses na sa 2014.  God is good! :-)

[aquacharly]

^haha, no, I don't have, never did, never will do tiangges.  Nothing wrong with that kind of business.. But,
unless it's a big business, I prefer not to get tied down.

Yang piggyback on vacations shopping ko I do only when I have spare time.   Since I love to shop -- go!  But since HS ako,  I don't go into low-value small-margin stuff.  If you want to be a business person -- you gotta breathe & live it, with our radar up & out 24/7. Lol
My main sideline to feed my secret accounts & maintain my self-empowerment, is real estate for leasing or flipping.  But I am not choosy, or hambog. If any opportunity to make profit  pops up --  papatulan ko basta legal & moral.  Deals are fine. What I don't get easily lured into are those requiring massive investment & long-term commitment.  We have businesses already, so another big one should be well analyzed.  We know our strengths & resources, so we don't just grab at bahala na si Batman. 

[m_lim]

nice tips as usual sis Aquacharly!

regarding sa pag lease ng property, anong advice / tips mo for first timers na wala pang malaking capital?
maganda ba yung per room ang pa rent? malapit sa school?

gusto ko sana mag start sa raket na yan. pero ayoko isali ang husband ko kaya sariling puhunan ang gagamitin ko.

thanks!

[nicola_juliano]

^haha, no, I don't have, never did, never will do tiangges.  Nothing wrong with that kind of business.. But,
unless it's a big business, I prefer not to get tied down.

Yang piggyback on vacations shopping ko I do only when I have spare time.   Since I love to shop -- go!  But since HS ako,  I don't go into low-value small-margin stuff.  If you want to be a business person -- you gotta breathe & live it, with our radar up & out 24/7. Lol
My main sideline to feed my secret accounts & maintain my self-empowerment, is real estate for leasing or flipping.  But I am not choosy, or hambog. If any opportunity to make profit  pops up --  papatulan ko basta legal & moral.  Deals are fine. What I don't get easily lured into are those requiring massive investment & long-term commitment.  We have businesses already, so another big one should be well analyzed.  We know our strengths & resources, so we don't just grab at bahala na si Batman.

I guess you are a really big personality that's why you're aiming for big businesses and not just for small ones.  :-) I wish I could do the same thing someday when I have a lot of cash to invest. :-)

My next target will be for leasing but I need a lot first. I need money in short to get the next target. :-) LoL!

What do you mean massive investments? Do you mean stocks?

How about long-term commitment? Medyo di ko po ito nagets. Any examples? :-)

I agree, sa business, hindi pwedeng bahala na si Batman. Dapat you know what you'll be into and what the people need. :-)

I guess your strategy is buying big and selling it bigger! Right?

[Celerina]

Wow am learning a lot in this thread! galing 

[Geeglee]

subscribing! bilib ako sa mga sisses dito!

[friendlyneighbor]

Subscribing. 

[quennna]

i am also aiming to be financially free..
start from the scratch talaga..
thanks for inspiring stories...

[smua2014]

Subscribing din! I am getting more and more inspired with this thread. I hope we could all be financially free in the future! 

[MissChievous]

How are you na mga girls? What have you done na for your financial independence? I've began following the steps of the financial gurus out there. Read a lot of Suze Orman. Started buying healthcare and investing in MFs.

I can't do mga big time businesses pa because I still have a day job and some writing gigs here and there. Also, I don't think I can handle that pa. I've also started tracking down my assets through Excel. I've tried all the apps, but those wouldn't work for me. I fabricated tools that will suit me. I have been tracking my expenses just to see where my money go. Proud to see that a huge chunk on my pie chart is going to my investments.

Pero, I need a business pa. If you have something in mind you could share. Sis aquacharly, ano business pwede sa mga medyo mahiyain at introvert? Lol. If there's one.

[angelparvian]

so inspiring naman. ako naman i do believe in delay gratification. dont spend too much if you are not yet capable

[Annie M.]

subscribing!