Becoming Financially Free

[April30]

Subscribing...

[ieiky]

Subscribing. Na-ooverwhelmed ako sa mga binabasa ko, pero this year, I REALLY DECIDED TO BECOME FINANCIALLY FREE. AJA! kaya natin ito mga sis!

Malapit ko na matapos bayaran ang CC ko. Can't wait na ma close ko na sila lahat.

[bluish_mommy]

lol@sis MissChievous.. parehas tayo gusto ko rin magbusiness pero yoko ng haharap sa customer haha

[gentai_chan]

Interesting thread. Keep it comin' sisses, nakaka-encourage lalo 

[nicola_juliano]

Gusto ko iapply sa buhay ang leverage, kaso hindi ko alam kung paano...

Nakaka-inspire yung isa nating kababayan na super yaman na ngayon. She's a DH dati, at ngayon supr yaman na nya. Nagsumikap sya. Nakakainspire. Sana magawa din natin mga sisses yun someday! :-)

[dreamworks]

The basics I've learned to become financially free is to stay out of debt, lower expenses and increase income. Kayod + simple life + investments, this is what works for me. I don't deprive myself of little joys once in a while ie vacation, eat out, so I get to enjoy din. Kasama yan sa goal setting.

[killbill]

What worked for me:

1. First step is wag mag credit card. 😊

2. Second is mag tipid. No ifs no buts. Separate yung atm account ko saka passbook.

3. Mag put up ng business. Para may fall back, wag aasa sa sweldo lang.

4. Wag bili ng bili ng gadgets. Hanggang ngayon wala akong sariling laptop. Gadgets depreciate in value tapos upgrade ka ng upgrade.
Yung ibang kakilala ko pag nagkapera bili agad, pag kinapos either isasangla or ibebenta ng palugi.

5. Invest in good quality na mga gamit. Yung iba kasi bibili ng mga murang gamit tapos mabilis naman masira then bibili na naman uli. Might as well bumili ka na ng mga branded or good quality na damit / shoes / appliances / furnitures.

6. Kung kayang bayaran in full, bayaran. Like sa mga tuition fees, nakatipid ako ng around 4k kasi binayaran ko na in full tuition ng daughter ko, yung nasave ko na 4k, pinangdagdag ko sa books niya. I bought a tv last year nakasave naman ako ng 3k pag kinash.

I am still trying to figure out investing in money market though...

[cosmochick]

What I do:

1. SAVE every pay day. This is a must. I have 4 bank accounts in Pinas. Every month, nilalagyan ko sila alternately.
2. Invest.Diversify your investments. I have investment in real estate, UITFs, stocks +insurance. I have set up my emergency fund before I dipped into UITFs. Its important to me that I have cash on hand talaga.
3. wag makuntento sa isang kita. mag sideline. be on the constant lookout for more income opportunities. As of today, sideline ko humahabol na sa sweldo ko every month.
4. Pay all CC balances on time.
5. limit your wants. this is sooooo hard to do but self control lang. What I do when I get tempted to shop online as it is very convenient plus cheaper pa than in malls, is I browse threads like this to inspire me to be financially free... then nawawala na my craving to click CHECK OUT sa shopping cart ko..

 I agree that having a husband who lacks financial literacy can set you back. Thank heavens that hindi maluho hubby ko pero super kuntento na sya na paycheck lang inaasahan. I, on the other hand, would love to do business in my spare time. gusto kong rumaket ng rumaket pero I cannot do that kasi naman my hubby needs me at home. Plus, very generous din asawa ko. he doesnt know how to say No. Opposite kami. Ako, di ako nahihiya mag tinda, sya mahiyain... kaya yun setback sya for me...marami pa sana ako magagawa na sideline if only my husband had the same mindset.

[sweet angel]

nice thread! 

[choco_loka]

What I do:

1. SAVE every pay day. This is a must. I have 4 bank accounts in Pinas. Every month, nilalagyan ko sila alternately.
2. Invest.Diversify your investments. I have investment in real estate, UITFs, stocks +insurance. I have set up my emergency fund before I dipped into UITFs. Its important to me that I have cash on hand talaga.
3. wag makuntento sa isang kita. mag sideline. be on the constant lookout for more income opportunities. As of today, sideline ko humahabol na sa sweldo ko every month.
4. Pay all CC balances on time.
5. limit your wants. this is sooooo hard to do but self control lang. What I do when I get tempted to shop online as it is very convenient plus cheaper pa than in malls, is I browse threads like this to inspire me to be financially free... then nawawala na my craving to click CHECK OUT sa shopping cart ko..

 I agree that having a husband who lacks financial literacy can set you back. Thank heavens that hindi maluho hubby ko pero super kuntento na sya na paycheck lang inaasahan. I, on the other hand, would love to do business in my spare time. gusto kong rumaket ng rumaket pero I cannot do that kasi naman my hubby needs me at home. Plus, very generous din asawa ko. he doesnt know how to say No. Opposite kami. Ako, di ako nahihiya mag tinda, sya mahiyain... kaya yun setback sya for me...marami pa sana ako magagawa na sideline if only my husband had the same mindset.

Thank you for your tips sis! Super helpful!!! I will work on my UITF after finishing my emergency fund account sa Pinas. I also save every pay day and transfer it to some of my accounts in the Philippines. Dati lahat ng pera ko sa Pinas ko pinapadala, pang spending money lang meron ako dito, but now after reading financial blogs, I realized I need to an emergency fund din dito sa abroad, in case may mangyari. Konti na lang, ma-achieve ko na emergency fund goals ko. Konting kayod pa

[milafernz]

i think the best thing to do is start by finding the right job title na maayos ang pay. matagal ko nang gusto maging financially free e pero i think the first step is to let go of this job na meron ako now

[luckypal]

This is a great thread I'm getting new ideas on how to plan for my financial freedom as well.

When I was in my early 20s, I moved out of my parents' place. I wasn't making a lot so I needed to share a room with other girls. After almost a year, I motivated myself to earn more by freelancing here and there. I quit my full time job but they still hired me as a consultant. That freed up my time to work for other clients and thus increase my income.

Because of freelancing and expanding my network, I learned more about business and managing my time. I made mistakes and learned my lessons but I feel like I certainly grew as person, besides my growing bank account

I bought real estate as one of my first investments, even if I had money only for the downpayment. When the property was up, I rented it out so that it was self-liquidating. Like aquacharly, I did seasonal selling (not importation) during Christmas like corporate giveaways.

When I was single, I lived a very modest lifestyle. I was always very frugal with money because I knew how hard it is to earn it and not depend on anyone for help. I'm lucky I met someone who shares the same values and principles as me, so even as a married couple, we certainly live below our means.

[ravenblack]

Wow! Just Wow. Ang inspiring ng thread na to lalo na yung nababasa ko.
Andaming free tips from Aquacharly, i learned a lot.
i do have a stable job and rakitera din sa office, kaya lang tinamaan din ako sa na-enumerate ni Aquacharly when it comes to family members na naghumihingi ng support/nakasandal sayo. heheh
i've read a lot of books when it comes to financial freedom, i'm tracking my expense and cut-down from unnecessary gastos/luho. Inuuna kong ibawas ang savings ko sweldo ko before spending.
Magkakaroon ako ng real estate business ( apartment/dorms ) pretty soon, yun talaga yung plano ko na passive income.

[nylaner]

how to be financiaaly free:

1. First and fore most is live within your means..
    ibig sabihin kung 12,000 ang kita mo ay hanggang dun lang ang gastos mo or less.. Do not buy things na dosedosena kasi feeling mo mas makakamura ka. eh ang kelangan mo lang ay tingi na toyo..



2. kapag nareceive ang income ay i-less na agad si 10% for tihing (showing gratitude for all the blessings that God gave us) at savings then yung matira panggastos na.. hindi yung gagastos ka muna then yung matira ay savings na.. thats a no no

3. Get out of Debt.. every means of Debt .. like credit card,, housing loan is a no no unles you will put it on a business..

4. Kung maliit ang income kahit 50 pesos every week pwede na..

5. mag invest sa business kahit may work ka kasi it will double your money..

of course talk to your husband/wife about your ideas.. no business will be successful .. remember your spouse will be a blessing to you...

[rarity]

investing in this thread 

[engr_neechee]

subscribing

[MoonshineLady]

i love this thread! how come i never saw this before? heheh

im not yet financially free or even independent but im doing my best to be there the soonest. Like the rest of our sissies, kuddos to you sis Aquacharly! Idol na rin tlaga kita! Maswerte ka coz your family had the right mindset on finances even before at tinuruan ka ng maaga. theres really a huge difference and advantage when a child is taught early on how to handle finances. ako kc i just learned on my own thru reading blogs/books and learned a lot from experience! i only realized lately na kelangan pala pagaralan ang pera.

sana lahat tayo maging financially free rin in time. sana marami pa ang makapagshare sa thread na ito.

[kvandenhaak]

Hi, ladies. And guys, if there's any.

I have made a decision to become my own financial planner. I figured in educating myself more, I minimize the risks of investments and I am eliminating agents to do it for me. I want to do it by myself.

How about you? What are the steps that you take in order for you to be financially free? Do you have specific plans on how to get to your ultimate dreams? Do you consult financial planners or take the risks by yourself?

I am actually taking a course to become a licensed Financial Planner. Sana pumasa. Nose bleed din ako information overload.  I have always been wise with my finances kahit before. But I would like to invest some of my money.

[bluish_mommy]

3. Get out of Debt.. every means of Debt .. like credit card,, housing loan is a no no unles you will put it on a business..

I don't agree with this. pwede mo pang i-invest ang cash mo to something else na mas mataas ang interest na ma-ga-gain mo versus sa binabayaran mong interest sa loan.  like you can invest  the money to something that has a much higher interest.

having debt is not bad. having CC is not bad at all, basta marunong ka gumamit. for myself, hindi ako nagpapa interest sa bank, I always make sure, I pay in full and on time, at the end of the day nagagamit ko pa mga rewards ko to buy something else for free. Saang kinukuha ng bank ang pambayad sa mga nake-claim na rewards using points, galing yan sa interest na ibinabayad ng mga subscribers na hindi marunong gumagamit ng CC. In other words, these people na hindi marunong gumagamit ng CC are the ones paying for my free items 

for housing loan, hindi naman lahat ng tao can afford to buy cash, and for some it might take almost their lifetime bago maka-ipon to pay in cash. hindi masama mag housing loan, pwede mo naman pa-ikliin ang terms by paying the loan applied to the principal lagi.

having no debts doesn't mean you are financially-free, maybe utang-free, but might not be financially-free.

saving money doesn't also mean you are financially free. saving money is not enough, the money saved must earn interest, and not just interest, it should be invested to something else that should have a higher rate than Inflation rate. dapat matalo nya lagi ang inflation rate, otherwise, yung itinatabing pera sa bank, kinakain lang ng inflation rate.

[lonely_dad]

3. Get out of Debt.. every means of Debt .. like credit card,, housing loan is a no no unles you will put it on a business..

I don't agree with this. pwede mo pang i-invest ang cash mo to something else na mas mataas ang interest na ma-ga-gain mo versus sa binabayaran mong interest sa loan.  like you can invest  the money to something that has a much higher interest.

having debt is not bad. having CC is not bad at all, basta marunong ka gumamit. for myself, hindi ako nagpapa interest sa bank, I always make sure, I pay in full and on time, at the end of the day nagagamit ko pa mga rewards ko to buy something else for free. Saang kinukuha ng bank ang pambayad sa mga nake-claim na rewards using points, galing yan sa interest na ibinabayad ng mga subscribers na hindi marunong gumagamit ng CC. In other words, these people na hindi marunong gumagamit ng CC are the ones paying for my free items 

for housing loan, hindi naman lahat ng tao can afford to buy cash, and for some it might take almost their lifetime bago maka-ipon to pay in cash. hindi masama mag housing loan, pwede mo naman pa-ikliin ang terms by paying the loan applied to the principal lagi.

having no debts doesn't mean you are financially-free, maybe utang-free, but might not be financially-free.

agree, di mo naman mababayaran ng cash yung bahay or kotse na binili mo eh