What If You Have an "Extra" 50k Monthly?

[kaiz]

^seriously? hehe!

yes. extra na eh. wala na akong paggagamitan.. pera sa hangin nalang? hehe

[PetiksPinayInvestor]

For the extra 50k, I'd still do the Money Jars Method:

I'll allot 5,000 (or 10%) to each of the following:

1) Tithe
2) Financial Freedom Account (pang invest sa stock market)
3) Emergency Fund
4) Education Fund
5) Long Term Savings for Spending
6) Play

yung 40% or 20,000 na natira pang daily expenses na po

kung malaki pa rin, e di idagdag ko lang po sa  Financial Freedom Account, Emergency Fund, or I create another fund say Travel Fund or Lungkot Jar (hahaha gagastusin ko lang ito kapag nalulungkot ako )

I got the idea when I attended T Harv Eker's Millionaire Mind Intensive seminar in SG last 2009.
The strategy is called Money Jars method.

After 1 yr, may starting capital na po ako pang invest sa stock market worth 24k (although you can start with 5k only)

today 6 digits na po ang aking stock market portfolio

the Money Jars strategy helps me budget my money and may pondong nailalaan sa mga financial goals 

[fionaapple]

open a BPI Save-Up, tapos ilalagay ko lang siya dun hanggang maka 500k na. after nun, diversify na ng investments.

[Jhandz]

I could have gone travelling and feeding street children.

[FayeP]

wow kun meron ako 50K monthly na extra ganito:

1. 10K para sa insurance namin (kukuha kasi ako ng maxilink prime sa sunlife pero un mababa lang ang monthly, kun may extra tayo na cash eh di tataasan ko na un kukunin, para sakin at sa mga bata)
2. 10K para sa COL financial
3. 10K para sa emergency fund na tinatry ko na mabuo
4. 5K para sa church
5. 5K para sarili ko, mga facials, hair treatment hahaha
6. 5K ipon pa din sa bank para sa mga bigtime purchase like new TV or furniture
7. 5K ipon para sa mga bata ilalagay sa BDO EIP


wow sana totoo ito oh

[icee_star]

kung meron man akong 50k monthly, siguro buy ako ng condo then pa-rent ko para maka generate ng passive income.

siguro ganito ang breakdown:

30k - condo amortization
5k - tithes
5k - additional money for my mom
5k - education/house/car miscellaneous
5k- leisure/travel fund

sarap ng may extra 50k!

[enchoi]

Like ko yung Lungkot Jar

40% for investments: MF & Stocks for Long Term
40% for passive income: Ipunin ko at bibili ako jeep, tricycle, taxi, apartment etc.
10% for personal use (travel, hobbies, etc)
10% tithe

[icedtallcoffee]

40% would go to leisure funds with family and friends, any activity para magcreate ng memories with people I love
40% would be used to top-up current investments
20% savings fund for helping other people (halimbawa yung mga kamag-anak na biglang kelangan ng tulong, yung may pambigay sa mga nasalanta ng bagyo, etc.)

[phexchanger]

If I have 50K extra money monthly at sigurado iyon, I'd buy and negotiate for that property I've been eyeing to be payable for 24 months at 0% interest rate. Sa ganyang kalaking pera, baka makabili na ako ng 500 to 1000 sqm para masimulan ko na iyong isang iniisip kong project.

[FayeP]

sana nga totoo itong 50K na extra monthly...

ito sa hubby ko plan nya if ever nga:

-40% derecho sa emergency fund
-20% para sa stocks
-20% panglabas sa mga bata
-10% sa church
-10% para sa house improvement para di daw kukunin if ever sa emergency fund pag may kelangan irepair sa bahay

[loveleah]

With 50K extra each month, I'd use it for a property. Meron pa naman akong nakita dito ready for occupancy, and can move in na even if half lang ng equity ang mabayaran. So I would use the money to pay for equity until I can have the unit and rent it out, the rest of the 50K would go to tithes, Mutual Funds, Stocks, emergency funds para I'm sure may back up na din sa pambayad sa property lol..

[ece]

my EXTRA 50K would be for:

15k - emergency fund
10k - investment
10k - savings
10k - travel/ leisure
5k - church

hayyy.. sana totoo..

[freelancer_babe]

Retirement.

[eros_19]

50K Monthly Extra

Here's what I'm going to do...

-Ini-ipon ko sia while i'm looking for rental properties like 5- 10 bedroom apartments that is for sale make a down payment for it and apply a loan for the balance.

-Renovate or refurbish a little bit and then rent it out. May monthly income ka na which helps to pay for the mortgage. May investment property ka pa for life!

-After 5 years maybe, you can refinance your property and use the extra to invest in another property.

 

[cathydollmanila]

Ivesting on a high rise condo unit is a smart move

[milafernz]

kung may extra 50k ako every month isasave ko lang pambili ng condo or pangtayo ng sarili kong call center hhaa

[killbill]

Bibili ako ng townhouse

[missyuko]

I would save that 50k sa bank until such time na medyo lumaki na naiipon ko at pwedi ng pang invest sa business

[forsix10]

extra 50k for me

1. 10k - out of town road trip monthly preferably overnight or watch movie/dine in
2. 5k - additional bank savings as emergency fund purposes
3. 10k - additional bank savings for international travel (once a year)
4. 5k - additional bank savings for local flight (once a year)
5. 5k - mutual fund equity fund
6. 5k - mutual fund balance fund
7. 10k - separate bank acct for charity purposes (donations, church expenses at kung me mangungutang sa u, dito sa acct na to kukunin at [textspeak!] rin ibabalik pag ibinalik na yung nahiram)

[artificialstar]

Another option for me is to puruse stock trading... This is money I can afford to lose anyway... Trading and investing is different. Haha, wishful thinking.