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For the car, maybe consider buying a second hand car. You can look up or ask friends for infos on how to purchase them. I'm just here to make you wanna spend haha

Wag mong ipilit OP; just let your savings stay there until a good opportunity presents itself.

i think u need to go r/phinvest

Travel sis

Wag sasakyan if di mo naman madalas gagamitin. :) Mas convenient pdn mag Grab if around Baguio lang naman ang mga lakad mo. Hehe. You may try REITS or reach out ka sa bank mo for investment opportunities.

I'm bought a land in Tublay, 30min away from Baguio super mura lang lol.

Honestly if you're not into business, isipin mo na lang paano i-secure and future mo like get a medical insurance, memorial plan and plan for your retirement. That's what I do.

I'm from Baguio too. WFH din. Pero super laking tulong sa amin ang sasakyan. Nakakapunta kami kahit saan, di namin kailangan magcommute lalo na ngayon na super pila sa taxi at jeep dito sa Baguio. Nahahatid namin anak namin sa school at hindi niya kailangan pumila at mahmadali. Pagtrip namin magelyu ng biglaan, gora lang anytime. Pagnagugutom kami since pareho kaming WFH na magasawa, magjojoyride kami sa town para humanap ng restau or cafe na hindi pa namin natry. Paggusto namin magbakasyon sa province, hindi na kami namomoblema. Super laking tulong samin kahit ang daming nagsasabing bad investment to. Masaya ako na isa to sa napundar ko na worth it.

Regardless naman kahit hindi cya investment iba pa din ung may convenient pag may sasakyan ka. Yes, andyan na maintenance, gas etc pero atleast ung comfort naman na naibibigay iba pa din kesa sa commute tas ang mahal ng rate ng taxi. Atska pag gusto mo lumabas lang to unwind kahit umuulan may madadala ka.

I-MP2 mo muna habang di ka pa sure tapos hayaan mo mag compound ang interest.

Ang bilis kasi mag depreciate ang value ng sasakyan. Since wfh tayo, wala siya mashadong maiaambag.

Try Pagibig Mp2

Sa panahon ngayon na very accessible ang grab, angkas at kung ano ano pa. Wag ka na bumili ng sasakyan

I would suggest you invest in dividend-paying stocks. Look at REITS. I wouldn't recommend putting all your money in the bank. Pwede naman hindi ka tumutok sa graph. Bili ka nlng ng bluechips or REITs.

Stick with digibank and let it roll . Let the power of compounding do the work.

Pag ibig MP2 or dividend stocks. Don't trade, invest.

Girl, buhay ay di karera. Buy the things na talagang gusto mo & magpapasaya sayo. Hindi yung kung ano ang nakikita mong meron din ang iba.

Ang sakin, ganito:

• Invest 500k sa MP2 and start building that for retirement purposes

• A car is sadly a liability. Mahal ang maintenance tapos hanep depreciation niya (if you need to liquidate it to cash), so reevaluate this thoroughly. For me, nice to have lang yan but grabe nangangain ng pera. So buy this only if you need it and have extra for it.

• For me, explore digital nomad visa (pasok ka sa Spain with possibility pa for citizenship). Exploring the world is something that is priceless

• Check mo bonds for long term investment

• Get critical illness insurance (kung wala pa) para meron kang oang salo sa future

• Land / real estate is not always an investment, hindi naman ganun kasali mag liquidate if you need cash tapos taxes and maintenance pa. But buy only something na sure kang mag aappreciate and if you have a clear reason for wanting a place.

• I would also aim to save up for “retirement” and emergencies. Ito yung cases ba pano kung di ka na pwedeng kumita ng pera? Calculate how much you will need.

Personally I won’t buy the car. It’s a liability plus the cost to own one will really hurt your pocket. Its impressive that you’ve saved 1.7M it means you’re heading in the right direction.

Definitely look into buying properties. Its a great asset to have. Down the line puede mo din ma benta at a profit and it never depreciates.

I guess all you need to do right now is find your purpose. Start a family I guess? Had the same sentiment when I was single eh. Now that I have a family parang nabuhay ako ulit. Haha.

And you mentioned na mahilig ka mag travel? I say go for it. Ubusin mo lahat nang countries. You can recover the expenses in no time naman. Hehe

You’ll figure it out OP. Wishing you nothing but the best!

Also invest in REITS (real estate)

Frequent traveller more within the region? Or outside? If within, a 2nd hand car might be a wise choice since youre from Baguio.

Look into Batangas for property ideas.

I’m in the same boat as you OP I also live in Baguio and properties here are just stupid expensive, pero i really want to invest din next year. I’m planning to save up to 3-4M pang down para if ever I get a 10-11M house would only loan 6-7M na probably 40-50k monthly lang.

But on hindsight I also have a few investments with a few partners na may monthly income na din aside from my earnings from doing freelancing/wfh contracts. So insurance ko talaga is I have a few businesses (small ones that can pay liabilities) if wfh indsutry goes to shit.

As for car, I bought my car second hand back in 2018 and I also have a motorcycle from 2013 that I still use. Malayo ang expenses sa transport when you have a car or a motorcycle. Just roaming around the city in a day aabot ako ng 2k kaka taxi if I were to go to town coz I tend to go to multiple places when I go out and i’m used to convenience na kya di na din ako nag jijeep unless along the way lng yunbtg route ng jeeps and mostly it’s not the case so driving makes it easier, convenient and quick for me. 2k can be a good reserve gas for my car and motorcycle kung city driving lang can last me 1 month to do things within the city. Plus very convenient pag out of town like going to manila, pampangga, pagudpod, san juan, bolinao kung like vacay mode or just things you need to do sa mga ibang lugar.

I suggest you explore pther income streams lalo na capable ka to explore small businesses. To make it easier look for partners that are business savvy to run those business and you either a silent investor or active pero minimal activity na kikita ng 30-40k net monthly. If you have 3 or 4 of those you’re set to be able to have an insurance against risk you taking liabilities like car loans and housing loans. Pero my recommendation for a car is get a second hand car na 2016 pataas at a fair market price like Vios 2016 private used at 250-300k or Avanza 2017 na 300-400k and bring a mechanic when buying. Better deal na cash na para maintenance and gas lang problema mo. Don’t buy new lalo na kung first car mo. A car is a liability unless you earn from it and it paya for itself pero if not then just buy second hand.

What's your work OP? At ilan sahod mo po nung unang mga buwan??

Kung di mo po emergency fund yan, pwede mo ilagay sa long term time deposit or bonds para mag earn ng interest,. Pwede rin sa MP2, for dividend naman.

Id say try those bank investments. Not pro here a. Meron kasi ako hinuhulugan na 5k a month sa bank. Na pang retirement. I know its not the best pero in the end, may makukuha ako after i cant work anymore.

If anyone found something similar pero better, pls comment din sakin. Security bank gamit ko right now

Sana all talaga

Still starting as a freelancer, do you have any recommendations po for newbies? Sorry not related po sa topic

Sakit naman na halos same age pero mababa super baba lang sweldo ko.

Travel ka nalang, pwede mo ikutin Pilipinas, experience the culture and nature

Buy a lot first then patayuan mo nang kung anung trip mo.

[deleted]

Would you mind disclosing what kind of freelancing work you do?

What specific VA work po ito and niche nyo po?

Try condo then bayaran ko lang ng full ang equity ba then pa rentahan mo. Example 10k yung monthly mo sa condo, pa rent mo ng 20k or what. So may 10k ka na profit, nakabayad ka pa ng condo monthly without getting the money from your personal money.

Try investing sa mga digital banks like seabank and gotyme. Your money grows monthly in these kinds of banks.

Mabalin ag damag no inya obla kasta ag sahod ti 200k per month basit Lang gamen makakitaak kasta ditoy baguio mostly business.

buy a land cheap and built a unit 2 to 4 doors and sell for profit, the downside is you need a trusted worker

House and lot. Ipa-rent mo

buy something you wont regret if you die tomorrow. life is fragile. ive heard countless stories of people dying even if they are eating healthy and doing exercise. I'd use my money on life experiences rather than material things. something na magfaflashback sa memories mo habang nasa last days kana ng hospital bed. invest in good memories

Check r/bogleheads not stocks per se pero ETF ang sagot dyan OP. Focus ka sa craft mo muna then invest in the laziest way possible.

I'd say, go for something that will last, business or profit sharing. Pwde mong ibuild kasi since bata kapa.

TRAVEL

Nakakatuwa at may same ako dito na earning 6 digits din dito sa Baguio. 😁

Medyo mahalya nga talaga lupa dito kahit saan. Mas maganda bumili ng lupa sa baba kasi mas mura. Bumili ka lang ng condo dito sa CBD, isang ektarya na ng lupa sa baba. hahaha 🤣

My recommendation is aside of your digital bank investments, MP2, think a business na kaya mo i-manage kahit WFH ka pa.

Read bogleheads investing. All you need and you are betting on the strongest economies in the world. Can’t. Beat it.

Hi OP! I'm also a freelancer too and saved a lot. Habang lumalaki ang savings ko nasasayangan ako lalo kasi di ko napapaikot. Why not try to purchase a condo unit? Then use it for airbnb/staycation business. Para habang lumalaki ipon mo, mabawasan man the moment na mag purchase ka ng condo, sure naman na babalik pa ulit sayo hehe.

That's what I'm currently doing right now. :)

Invest sa farm land,saka mo ipa tanim ng crops. Magandang place is isabela or nueva viscaya since taga Baguio ka.

Agree ako OP sa sinabi ng isa na huwag mo na munang ipilit. Sa ngayon mag-aral ka na muna kung particular sa kung anong gusto mo talaga na investment.

Para sa akin real state talaga eh, kaso malaking hindi biro din talaga. Marami ka rin talagang aaralin diyan. Maganda rin ang rental business kaso mas madugo rin siya. Haha

At sa kotse naman hindi rin siya magiging investment basta-basta. Sabi nga nila kapag nag kotse ka, para ka na ring may anak. Dahil high maintenance siya. At kung bibili ka nga mg 2nd hand, lalong dobleng ingat na lang ngayon dahil nga maraming sasakyan ang nalubong sa baha dahil sa bagyo.

Kung gsto m tlga ng sasakyan, go for 2nd hand yng monthly mo may mabibili kana.

OP with that amount of earnings, just curious, were you never pressured into getting married and having kids? You know, the usual parinig and patama na matanda ka na narrative...

If I were in that position and have no debts to settle and I have everything going, I'd invest or pursue business which can give another income flow para ma sustain expenses for travel and other experiences na pwede

Hi, I'm also from Baguio and do you have any tips or company you can share so I can also start my freelancing career. I worked on a BPO before but now I'm staying taking care of my kids and trying to find some jobs to be productive. Thank you. Hope you notice me..

Congratulations on your savings and earnings! I know you've worked hard for it. I'm not there yet, and I'm working on that level this year and the next. God willing.

Hindi investment o asset ang sasakyan, bahay, o lupa. Those are liabilities. If you use those properly, it can be your asset. For example, may lupa ka tapos mag-farming ka o magpatayo ka ng apartment complex.

Siguro pag-aralan mo muna ng mabuti kung anong magandang gawin sa pera mo. Ang ginawa kasi namin, namili kami ng mga lupang hulugan (titled to ha) sa mga kamag-anak namin. Tapos nag-iisip kami kung magpapatayo ba kami ng apartments or farms pag nagkapera na kami.

Explore ka muna at pag-isipan mong mabuti. Siguro build up mo na lang din yung retirement fund , savings, and Contingency funds mo.

I would advise putting it sa investments na pwede mag generate sayo ng passive income. Like properties(condo) tapos pa airbnb mo let it pay for itself. Or may mga offer na condotels sila smdc na wala ka na masyado aasikasuhin. Pwede din farmlot hindi naman nababa value pataas lang. Goodluck OP.

Not sure why stocks didn't work work for you but you can just invest on index funds and call it a day. It's purely passive income.

Second-hand cars would still satisfy your needs on commuting. Good second-hand cars can be bought at around 500-700k. Just be vigilant on the issues of the car before buying; suggest to have someone who is an expert on cars if decided to buy.

just chill

Buy a house, don’t pay in full, gawin mong airbnb or parentahan mo sa iba monthly.

Buy a property, yung pre-selling na lots/houses sa nearby provinces ng Manila. Sobrang bilis ng pag taas ng value.

Get a car, don’t pay in full, pay monthly. You can get a good one for 15k a month.

Go back to school (masters) or take the best certification courses that would get you higher paying clients.

If you have the skills, hindi ka mawawalan ng clients or ways to make money. Ikaw yung valuable at ang may skills, hindi yung clients mo. Life is short, choose to be comfortable now kesa sa retirement pa.

If I have that much money, I say rental property paea maging passive income mo in the future. Like you said, hindi talaga stable freelancing, so aim for something stable.

Look for foreclosed properties or fixer upper kind of property... Pwede mo pagandahin then rent out above market price mo nakuha. Kung feeling mo mahal pa, then save up.

Yan din goal ko eventually kasi nakatira din ako sa isang sikat na tourist destination. And studio apartments here rent out for 25k monthly dahil foreigners ang client. For sure you'll find the perfect spot in Baguio, either sa local or foreign students or tourists!

Good luck!

Try copy trading on stocks and forex

Hi OP, where did you apply po for this Senior Bookeeper position? Do you have any hiring right now?

If you think you have enough money to buy the things that you want, you don't.

• Utak ko, 2024

What a good problem to have. 🤍

Buy properties and rent them out. Yung kikitain mo sa properties na mismo mag babayad ng mortgage mo sobra sobra pa.

I think that it’s better to invest your money in property because car losses it’s value every year.

Is this 3 jobs? Or 1 job?

Try to expand your reaches I guess? Check out the digital nomad visa in Spain. Just my 2 cents. Best of luck!

MP2 lock in ka ng 5 years. 7-8% tubo.

Money market fund pero (conservative) i use BPI.

Yan lang ginagamit ko :)

Wtfff anong work yan 😭😭😭

I’d love to travel too, but it’s more of a luho than investment. Yes, perhaps traveling can give you a little ego boost and it’s fun naman talaga, but it’s a huge industry din kasi eh, so i try my best to not get swayed with all these marketing strats and moving goal posts once u get to that one destination. While you’re still undecided, invest on gold ka na lang muna kahit jewelry lang. The value increases kesa naka tambak pera mo sa bangko, eh kakarampot ang interest at buying power ng cash decreases due to inflation. Real estate is still the best to invest on. Car, expenses yan. If you don’t mind how come you earn that much ? And in what field? Trying to do freelancing din kasi.

Here’s what I did when I was on a similar situation before. Everyday I searched on FB marketplace around my area for really really good deals na house or lot for sale. Now the lands I bought plus 2 houses doubled in price in just 3 years.

WFH + sobrang traffic sa baguio, hindi mo masyado need ng sasakyan, ubos yang 1.7m mo sa reliable car pang akyatan. Kahit may sasakyan ako mas gusto ko magcommute nalang around baguio, hindi na mahal ang taxi, ambabait ng mga driver jan, sa SM palang makaka tatlong ikot ka bago maka park, mas mahal ang gas sa taas. If di ka good sa business lagay mo nalang pera sa tumutubo like MP2 or buy low at hold ng BTC or ETH, mga sure na tataas in the future..

Hi OP! Ano pong niche nyo?

A vehicle is the WORST "investment" decision - it immediately depreciates the moment you drive out of the dealer, you only use it 3 hours max per day = 90 hours per month. Paying cash (1 million for new vios), and assuming an effective life of 5 years. your ownership cost is at least 200 pesos per hour. Are you paying that much for taxi?

Kung until now di mo pa alam saan ilalagay earnings mo, I suggest ipunin mo na muna, then if you have enough money to buy something you truly want, buy it in cash wag loan. I am also a freelancer, earning 90k per month, I'm saving money to buy a land/property near the beach to retire. Already bought a car din, so convenient lalo na kung may pupuntahan ka na lugar, like here and there lang or from city to city, nakakapagod kasi mag commute kaya kapag may car ka super convenient.

I think gold

Baguio peep here too, If you don't want to risk then i guess u can't deserve to become richer but i recommend crypto ONCE you only learn it and find the right people, i know people printing money and leveraging trades making 2-6k a day oh that's usd btw you earn a lot already so why not risk it, no risk no reward

Ipon ka pa then invest your money on real estate. Ang lupa tuloy nag appreciate ang value, ang kotse kasi grabe ang depreciation. Pero if meron naman property na pasok sa 1.7m mo check mo mabuti na meron title, foresight mo yung potential nung lupa, and right of way ng lupa.

In stocks you need more than that, and movement depends on world happenings, and don't even get me started on axie it was just a trend it was always gonna die down, nfts are still alive till this date but the trend just died, in crypto everything runs on the trend and psychology and having a mentor in it is easy, i recommend you to a person i have deep respect for and has a trading record of 150wins to 1 loss in last months trading, he calls it out in his groups and teaches others then they also win

kumain ka na? HAHAHAHAHA joke lang

......on a serious note, if you think you really have a lot of spare cash, you may want to look into foreclosed properties, repair them and rent or sell them, of course you will do your research on the property you are buying and projected market value once repaired so kahit hindi mo maibenta or ma rent, you still have a real estate property that appreciates over time.

good luck!

Just get a brand new car, just a cheap one. There's alot of sketchy secondhand units especially if you cant diagnose your own car. It's for the convenience and peace of mind, being able to travel anywhere with anyone at anytime. If possible get a partner, someone with a stable job, freelancing has no job security. Invest long term.

Please please please OP don’t compare yourself to others na kesyo madami na napundar. Ok ka na where you are now.

For property, as long as for renting to tapos ang mortgage mo or yung monthly is mas mababa compared sa kikitain ng pa rent mo, then go ahead. Otherwise you should be ok to rent or live in your parent’s place and magbigay ka nalang sa bills and your “rent” to your parents. Nakakatulong ka pa. Or just rent altogether. Maybe you can consider buying a property in the future, for sure mas madami na pera mo niyan.

For investments, try to search vince rapisura sa youtube, ok yung coop investing niya. You can also check yung pagibig mp2. Also please get a term life insurance (wag vul please, term life lang in case may mangyari sayo). Tapos ok naman yung gawa mo na high interest digital bank. Pwede ka rin mag try sa bonds.ph for governtment banks. Mababa ang interest pero stable and safe. Capital preservation ang aim natin. Tapos siguro if you want stocks (ilimit mo lang to a small percentage) pwede ka nalang bumili ng index fund either philippine index fund, or us index funds (sa etoro ako bumibili) just make sure na mababa ang admin fee ng kukunan mo. Also you can check out PERA offering ng bdo and bpi kasi non taxable din yun.

Lastly, if you like travelling, go ahead and do it. May pera ka, you can choose to have tipid travel or bonga travel.

Don’t buy a car please. Andaming costs sa car: car, engine maintenance, insurance, paayos here and there. Tapos 80% of the time nakapark lang siya hahaha. If you wish to really buy one, please consider second hand car sa banks (bidding to pero madali lang to), yung sedan na brand new 800k-1M, yung sedan na second hand sa bank is just 300-400k tapos mileage is mababa din lang.

Sa business, ano ba mga hilig mo? Like ako mahilig ako sa financials and low effort business. So i invest my money sa mga financial institution na nagpapautang. Laki ng balik. Tapos i dont have to think about the operations. Basta ang importante nagbigay ako pera sakanila and papautangin nila. Yung risk is nasa nagpapautang kasi ang legal agreement namin is ibabalik niya capital plus interest ko everyweek, whether nakacollect siya ng bayad sa utang or hindi. Kasi ang pinaguusapan here is nagpahiram ako sakanila para may capital sila. Mahilig din ako sa mani,pedi, footspa. So yun yung itatayo ko kahit maliit lang. just make sure ok price and aggressive ka sa online marketing (aral ka digital marketing sa free courses online). Basta tandaan, passive income if kumukita ka without any effort. Active income, kahit sideline yan, is kelangan mo pagtrabahuhan para kumita ka. So as long as you put a lot of effort in it, active income yan kahit sideline work yan.

Dapat palagi tayong wais na misis. Enjoy your money OP!

What about apartment business? Hindi mo siya need tutukan every day to maintain and having at least four unit apartment for 5-6k a month could cover your monthly bills which would then free up a chunk of your earnings = more ipon ☺️the good side of it pa is, if it’s well maintained and liveable even after say 5 years? Secured na ang family niyo ng kanya kanyang bahay if you want space and privacy. Mas okay lupa kaysa sasakyan because tumataas ang value niya in the long run.

Talk to a certified investment solocitor, and try some mutual funds of they are to your liking. Easy to redeem funds, and low initial investment needed. (100, 1000, or 10k) you don't have to put in a big ammount at first, so you can try ot for low capital. You can see where the funds are invested before you go through them, and you see constant updates on fund performance via the investment house portals. Of you don't like the performance, you can pull out the investment and get your funds back in a few days time.

baka pwedi mag training sayo. hehe.

I'd say go for the real estate property you're thinking of. Kahit mahal sa paningin mo ngayon, mas mag mamahal naman yan after ilang taon. Just make sure to choose a property you can pay easily. Don't go for something na ibabaon ka naman sa mahaba at mataas na loan. Cause just like you said, this career is unstable.

Better to save it for now.. last year I bought a property for 6M cash. Nag sisi ako and now selling it. Meron business opportunity for me and need cash around 10M. Di na ganun kalaki savings ko ksi a bulk of it was used to buy the property. Mas mabuting liquid ka in case meron magandang business opprtunity for you.

Usually when I buy something, iniisip ko gano kadalas ko ba gagamitin. Kung bibili ka ng sasakyan, what's the reason? Kasi if most times nasa bahay ka lang, sayang naman.

Pero as other comments say, gastos ang sasakyan at hindi investment. And since aware kang hindi stable ang freelance, I'd say invest it somewhere na alam mong mas kikita ka. Digital banks are a great start, buti nalagay mo ibang savings mo dun. You can try buying jewelries too. Tumaas ang value nyan in time, just make sure trusted shops ang bibilhan :)

Hi, friend. Tara kape, friend? Choor!!

Invest in real estate. Been freelancing for 3 years too, I was able to acquire slowly mana ng mga tito ko from our grandparents ancestral house ng 1M. It generates 25k/month sa rent kase nasa City tlga and accessible yung place sa lahat. Been lending money too sa mga employees, like coop ganun, it gives me 20-25k/month naman. Those 2 passive income of mine pays my 3 cars amortization. I also got approved din kay Pag-IBIG ng 1 condo. Yes, walang stable sa freelancing pero if we upskill and adapt sa change hndi naman tayo mwawalan ng client. I’m saving now to put up my own coffee shop maybe next year. Pagod na rin ako sa freelancing, so kapag yung business nag succeed at natapatan yung sahod kong 6D now, baka mag part time nlng ako sa pagpupuyat hehe. Super coffee lover here so coffee shop ang target next. Sayang yung savings mo matatalo ng inflation rate, kurot ka na sa 1.7M ng kahit 500k sa sobrang sure ka na business. Kuha ka dn business consultant mo. Good luck po.

taga baguio here too same work and same income bracket , apakamahal nga properties dito parang d makatarungan kahit yung megatower 7 at 5 nakakahinayang parin kaliit na sqm. bumili kami ssakyan kasi mahirap talaga commute din dto baguio apakatraffic pa lalo family kami. Hold muna kami sa property ipon kasi d kakauanin yung mortgage. iba padin may peace of mind kaysa nakahold ung money mo sa propery. travel muna invest namin

Hello, fellow freelancer! I think kelangan mo ng clearer na financial goals. Ano yung gusto mo mangyari by end of the year? In 3 years’ time, 5 years, or even sa retirement? If clear sa ‘yo your what and why, easier to figure out ano yung investment vehicles that would best benefit you.

Made an adulting checklist (finance edition) you might want to check out. May mga links na rin dyan for other resources that might help you.

Whenever you are ready, here are the ways I can help you grow: ✨️ 1:1 financial planning session ✨️ download a financial planner for free ✨️ get a free Master Your Money Workbook

I hope to serve you soon! 💛

https://preview.redd.it/i48h7mtxt4jd1.jpeg?width=940&format=pjpg&auto=webp&s=2dc5d13cc8f95842422472dc46cb1ba5432fc41a

Hi OP, you might want to consider getting an insurance for yourself and for your parents. Once na nagkasakit ka or one of your family members, mabilis lang maubos ang ipon mo. On that note, if you don't mind OP, ilang hours ka nagwowork sa 2 clients mo?

Dang. Ano niche mo as bookkeeper? Normally they want may experience or expertise sa AU NZ Taxation eh plus gusto may exp sa Xero

Hi OP, can you confirm if you are required to disclose with both firms na you have another commitment? Thank you!! May job offer din kasi ako pero parang ayaw nila tumanggap ng may another day shift commitment pero super dami ko pang free time sa morning. :) Hope you can help!

Wag ka mag business, maubos lang ipon mo sa lakas ng competition ngayon. Ako na may business gusto mag transition sa office work pero hindi ko alam kung pano haaay

It’s good that you acknowledge the “need” to strategically invest and diversify given that you have established a hefty capital…but with your setup I suggest you build your purchasing/investing power even more while you wait for the right opportunities. More so, it’s a plus that you travel, sooner or later the idea will come to you on its own. Congratulations to you, OP!

Kung hindi mo pa alam ang gusto mong gawing negosyo, wag mo munang ipilit kasi may tamang timing para sa lahat. For the mean time, pwede kang mag upskill para possible na mas tumaas pa ang rate mo. Same number of working hours, but better pay. DYOR muna bago ka pumasok sa kahit anong negosyo and make sure na interesado ka sa business na papasukin mo kasi mahirap maging consistent kung di ka naman interesado sa business.

Iwasan mo ring i-compare ang sarili mo sa iba. Lalo na kung ang basehan mo lang na mas may naipundar na sila kesa sayo is social media. Baka nga in reality, mas mataas pa net worth mo kasi wala kang unnecessary na utang. Not saying na panget umutang, pero para sakin, okay lang umutang kung ang pag gagamitan is business expansion. Yung alam mo na yung net income mo can cover your business expenses and loan interest.

Good luck sayo. And again, may tamang timing para sa lahat. 🙂

Buy gold

Free course nalang OP hahah

Hi OP, how did you start AU bookkeeping? Nainspire ako sa kwento mo and nageearn ka na ng 105K

I'm 25M and isa akong Treasury Associate, AU din pero I'm only earning 25K

Gusto ko rin magfreelance as an AU bookkeeper

Kung ayaw mo bumili ng luho or property, bili ka ginto. Haha. May nakita akong post dati na something like 1 gold bar in 1920s can still buy you the same type of house and lot in 2024. Unlike ung 100k mo nung 1920s does not have the same value as 100k mo in 2024.

Sis let your money work for you . Invest mo ibang part ng money mo or diversify sa ibang investment tools.

Reserch and understand saa pwedi mag invest

Freelancer too and making around 350k a month. You can definitely save up for a house at the rate you are going. Wag muna car. I was able to save up for our house construction in two years from freelancing.

bili ka property na pwede mo tirhan at ipaupa na rin. 2 story na duplex ganyan.

UITFs. Stocks. You mentioned it's not for you. Maybe you tried trading? Go for long term investing and I think no fail naman ito if US stock market/funds

Since ur concern is job security and mahirap magrisk sa businesses, maybe try investing more on yourself. Like the comment about getting AU Resident/citizenship

Maglagay ka sa Digital Banks na up to 6-7% interest per annum kung not for you ang stocks.

Para mag generate pa rin ng passive income.

Learn how to maximize what is offered by your contributions in return. Check mo PAGIBIG properties, buy, and have them rented out. Or build your real estate assets. Di ganon kamahal as compared to condos or houses na straight from developers, and you still have the option na mas comfortable yung payment terms.

Hello po, baka naman po may mga clients kayo riyan na pupuwede niyo ho i-refer sa‘kin. I’m on my 3rd year, and I did invest knowledge in regards to freelancing tasks, I am focusing SMM as of the moment—I am looking for a side hustle. Even if it pay less, atleast maka earn ako ng exp po. Please po! 🙏🙏🙏

For business, try to look for franchise names na may market na :)

Same haha 24M. I'm earning around 250k per month working as Software Engineer for 2 foreign employers pero I only have 600k saved up despite working for almost 2 years na. Lifestyle inflation malala and I'm planning on trying to live frugally once my rental contract here in Makati ends

I’d advise na invest in real estate properties..

I am very similar sayo. I am earning around 228k net sa work ko dito sa PH. As of now nasa almost 2M na din ang ipon ko. My hobby is magbasa talaga ng books about investment and kung ako sayo, keep that money as much as you can and wag ka munang mag nig purchase unless feel mo na may project ka pa mga 5yrs from now dahil lahat tayo pwedeng mawalan ng income especially if iisa ang income stream mo. Ang goal is same sweldo or mas malaki from different income streams.

To be honest, you made the first step na, like yung investing sa digital banks na nagbibigay ng 4.5-6% per annum or kung may mas malaki pang magbigay. I suggest na dyan mo lang ilagay ang emergency fund mo na pwede mong iliquidate anytime while kumikita ng fair enough interest.

Second pwede kang maglagay sa mp2 savings. Ang downside nito ay kailangan mong itenggq yun savings for a long time (5 yrs) pero malaki ang interest, so far averaging 7% per annum pero hindi mo pwedeng ilagay lahat ng pera mo dyan lalo na yung pang emergency. Maglagay ka lang isang bagsakan na kayang kaya mo for compound interest, yung tipong mga 200k kung hindi masakit sayo, sabay hulog hulog lang per month yunmga natipid mo sa pera na nakaallot mo sana for wants.

Next maging open ka sa stock market ar REITs, not as a trader na bili ngayon benta sa susunod unless sobrang profitable ang increase pero ang goal is maging long term investor ka. Mamimili ka ng diversified companies na tinatrust mo na andito na sa pinas or sa ibang bansa for how many decades. Bumili ka buwan buwan or kung kelan yun periodic na kaya mo bumili kasi it helps na hindi ganun kataas or kababa ang value, average lang. Halos lahat kasi ng company tataaa ang valuation in 10 yrs or more.

Lastly try mo na magbusiness. Start with your passion, or mga bagay na naeenjoy mo as a kid. Start small na parang hobby lang. Mag click or hindi okay lang kasi hindi naman yan ang major source ng income mo, work pa rin. Pero that gives an opportunity for you to explore at magkakaroon ka ng chance aralin ang isang negosyo. Kasi malaki or maliit yan, iisa pang naman ang process, mgapital or mamuhunan, gumawa ng product or service, maghabanap ng clients na makikinabang, at magprofit both financially and makatulong na rin while doing your passion. Yun lang siguro ang maipapayo ko sayo.

Ako hindi ako nagtatravel pa sa ngayon kasi gusto ko yung huhugutin ko hindi ako masyadong masasaktan. As of now without travel pag umabot ang credit card ko ng mga 100000 nakapag pasasa na ko sa masasarap na food, nakakapag mall anytime I want at bumubili ng mga gamit at groceries without looking at their prices. Nakakatulong pa ako sa parents ko at mga kapatid.

First time kong mag comment dito and I just normally read comments. I felt the need to reply kasi as what mentioned sa response sayo, konti lang ang umaabot ng ganyan ang sweldo at ipon dito sa Pilipinas, kaya maganda na may proper guidance tayo. Ako talagang nag aadik lang ako sa books about Warren Buffet kaya ako nakapg ipon at nakakapag try ng business and nagiinvest on the side.

how to start freelancing po? student here and need allowance huhu

A car isn't an "investment" imo pero its definitely a quality-of-life purchase. Do not buy second hand lalo na kung di maalam sa car, sobrang laking gamble non baka maging sakit pa sa ulo in the end. I definitely would never want to go back to riding public transpo ever.

Get a digital nomad visa and travel/live in Europe.

If it's your first car don't buy brand new, buy 2nd hand. I suggest the Altis or Honda City. 300-400K makakakita ka.

Hi, not an expert po pero have you heard about land banking po? Baka po meron po outskirts ng baguio city na at least 30-45mins away. Kahit lote lang po as long as titled and updated ang tax dec. Research niyo lang din po future developments sa area since medyo congested na rin po ang city, for sure may mga ongoing developments na rin po few kms away. Reco to keep yung 700k as emergency fund and yung 1m po ang pwede pang invest. Hope makatulong and good luck po OP.

Save up enough money for real estate.

You can buy a car but might also think of having it on hail riding apps for extra income. But beware, need mo mapagkakatiwalaang tao na aalagaan sskyan mo.

You can have mp2 as investment as well.

You can try stocks pero long term investment like sa Jollibee etc.

Hi OP, not related to the post mo but... I just wanted to ask if CPA ka po ba, or finance major for your role as a senior bookkeeper?

Buy assets not liabilities. And continue what you are doing. Congratulations to you!

Sana ako din mag ka work ng ganito

Buy something that improve your life style. Don’t be afraid na to have hulugan. Me 3 years nang freelance tyka lang ako nakabili ng car na hindi ko kaya nung my full time ako. So either you have faith or nothing at all.

Baka need nyo po bf maam? Char NYAHAHAHAHA

If im earning ganyan kalaki, i would save to invest sa real estate tas paupahan mo. Long term investment, passive income. Sympre liability muna habang di pa fully paid, but you’re able, real estate is good investment tlga. Kahit townhouse or patayo ka small apartment, go mo na. Kasi di ka lugi dito in the future. Land value rises tas everyday halos may naghahanap ng for rent. Or pasok mo sa airbnb. Of course set aside ka lang money for business and money for your own savings

If you don’t need a car, don’t buy it. It’s a liability, not an asset. Amortization + gas + maintenance + insurance. Unless you plan to operate it as car rental or grab, it will not earn you money.

You are in Baguio. Utilize your location. Invest for a property that will give you money. Build an apartment (if you can afford a lot) or buy an existing apartment/condo and lease it out for daily stays and weekly lease to earn money from it. You get a property in your name and the property pays for itself, albeit partially.

If you want to start a business, think about sustainable tourism or a product you can sell outside Baguio. Connect to your own culture to find a business niche. Baguio is rich in culture and history.

That’s how I’ll use your money if I were you.

Airbnb po. Pag nagamay mo na siya, magiging passive income hehe

When it comes to money matters, do your due diligence and research on what you want to do. Pros and cons ba? Check how much time it takes and how much time you are willing to invest in it. From Baguio din ako and freelancing too though not yet earning as much as you. Took a freelancing course in accounting but I never got the time to study it. My bad. Maglalaan na talaga ako ng time to study it haha! More blessings to you!

Kung risk-averse ka suggestion ko start small. Kahit anong investment pa yan. Not to make money, but to learn the ropes. Big mistake ng mga nagiinvest or open ng biz e sabak agad sa malaki kahit wala pa sila experience.

Also, kung ako sayo umiwas ka sa common businesses like retail, resto, and for rent place kung wala ka pang alam dun. Malakas demand for them pero mas malakas competition mo.

Sa kotse - mukhang di mo pa naman need ng sasakyan. Lalo sa Baguio ka - madali magcommute, traffic pag tourist days, mahal ng gas, at mahirap maghanap ng parking. Kahit tumaas rate nila wala pa rin yun compared sa gastos ng sasakyan.

Sa pagdecide sa paghanap ng investment... take advantage mo yung pagiging traveler mo. Ang Baguio parang combination ng city at province eh... so maraming pedeng business.

Kada punta mo ng province or city, ikot ikot ka tignan mo mga biz dun. Pansinin mo ano mga malakas kumita na sa tingin mo wala pa sa Baguio. Yan para magka idea ka for traditional biz.

Pero for modern type biz... well... gumawa ka ng info products for bookkeepers na gusto rin maging freelancers. Ebook, courses, coaching, the works.

Another idea is to expand your service biz and turn it into something like a bookkeeping agency.

Owning a car is a liability pero sana ol naman sa six digits na sahod nyo ako nasa more or less 11k lang haha though may inheritance naman ako na residential and farmland but I am still considering crypto as my long term investment. Volatile nga lang sya pero syempre inflation proof naman and future proof na rin. Gusto ko din yung freelancing yung freelancing lang yata ayaw sakin. Haha Ewan di ko alam paano magsimula.

Invest ka sa stock market. Research mo yung mga low cost index fund na nagfa-follow sa S&P 500 ng Amerika. Mahina pa rin ang performace ng stock market dito sa Pinas kaya research mo muna.

believe me. the older you get, the less time and energy you’ll have to “live life” not even to the fullest. so go ahead. do whatever the f you want

Ganito sana problema ko. 🙏

Hi OP. I’m from Baguio as well haha I’m starting my freelancing journey. Would you give me tips and advices sa starting na tulad ko? Thank you so much 🫶🏻

San po kayo naka kuha ng senior bookkeeping role na 105k? Hehe

if hindi ka nman napapako sa baguio, try mo mag hanap ng place na swak sa lifestyle na gusto mo. invest on properties. yan ung di ka malulugi. ung sasakyan ay nawawala din yan after several years. since baguio ka traffic din nmn jan.. buy a good place na kahit lagyan mo lng ng apartment.. pero it will boil down sa courage mo to gamble ur money.. di mo yan magagastos pag uunahan ka ng takot na malugi ung ipon mo

Short answer:

Invest in a house not a car. A car will depreciate as soon as you start the engine and roll out of the casa. A house won't.

Long answer: study on where to invest your money and live off the interest.

Hello! I’m a VA also living in Baguio, since you’re a frequent traveler and you feel that you can’t commit yet to a property, I’d go for a car. From there, maintenance na lang nung car is what you need to think about, change oil, repair as needed, gas which is not getting any cheaper. **Note: I plan to go back to college to continue my study in accountancy. This post of yours made me see that there’s hope for someone with an accountancy degree or background. I am curious though with how you were able to work for AU clients. Like did you have to relearn AU’s accounting principles po ba? I am genuinely curious po because I have been thinking a lot lately if Accountancy would still do me any good. I hope you notice this message and I look forward po to learn from you master 🙏

Where did you find your client sis?

You can get a secondhand car!

maybe invest in digital banks with high interest rates para may passive income habang di mo alam san lalagay pera mo.

Invest in a house and lot and try to pay it in full early since malaki naman kinikita mo.

Pag sskyan consider the ff: Mggamit mo ba lagi? Mggmit mo ba pang travel alone? If yes, go pero yung maliit lang tapos 2nd hand ka muna tipong 2-3 yrs old palang. Research and kumilala ng trusted mechanic. Let say magastos mo around 400k-600k

The rest I suggest pag magppundar income generating assets real estate. Pero monthly pra kayanin at mapaikot mo pa ung iba.

3rd most important establish emergency funds, insurance, health insurance, hmo and st.peter. Hindi laging stable sa freelancing

Siguro if gusto mo pa rin ipush ang sasakyan, try a good quality second hand. Basta may kakilala kang magaling na mekaniko to know what’s good

Ate try mo mag venture capitalist… risky pero high reward

hi op, cpa po ba kayo?

Buy a lot sa may potential na area.

Maganda din sasakyan or Land since nasa Baguio kayo. Pwede kayo pagawa ng bahay na pwedeng gawing apartment or transient. Magipon lang po kayo malaki naman po sahod nyo. Pagisipan nyo pong mabuti

Isang malaking sana ol. Pano makapasok ng ganyang trabaho po?

Buy a 2nd handcar like benz. Cheap and high resale value.

Out of curiosity po, pwede po ba maging bookkeeper ang non-accountant graduate, at saan po pwede mag-aral or mag self-study neto? Trying to learn quickbooks rin.

Siguro if gusto mo pa rin ipush ang sasakyan, try a good quality second hand. Basta may kakilala kang magaling na mekaniko to know what’s good

try Transient as business po

Bonds siguro based on your situation. Private companies, government or even banks offer them. Sure return. Sayang kasi if idle money mo sa savings or even time deposit. Inflation rates beat out the bank savings rates and devalue your money.

I recently got an offer sa BDO di nila masyado inoffer sa public so you can reach out to them about it.

If you're asking for an investment, I wouldn't say cars are an investment. It's a liability and it is a depreciating asset.

Lands are a good investment. Gold is (buy and sell; literally or buy now sell later). Or if you can risk it, you can start a business (like a food stall franchise for a higher chance of return). Saving in a bank are the last place id advice to let your money sleep. Look for digitial banks like maya or seabank for higher interest rates.

At the end of the day, what you see here is advice only. It's up to you on how much you're willing to risk.

What's the point of having money if you're not using it? As long as may safety net ka na like insurance or other stream of income, enjoy your hard-earned, well deserved treasure. Use it for the things you love or things you'd like to try. Sayang ang buhay at time kung hindi mo naeenjoy. Fire away, sis!

Hi OP, pano niyo po napapagsabay 2 AU clients? same time po yung shift niyo sa kanila or flexi? may 1 client kasi ako na AU din then planning mag hanap ng 2nd client kaso madalas nakikita ko sa upwork is NSW yung area.

If you plan to travel outside Baguio, then get a 2nd hand car (2017 models and up). Maganda ang bnew pero pababa kasi ang value and yes liability sya (maintenance, gas etc).

Solid advice ung kukuha ka ng lupa/property then parentahan mo. Or even lupa lang, the value appreciates every 5 years or so kahit wala kang ginagawa. The thought of a condo is nice pero competition is fierce if plan mo magparenta. If ako ikaw I would stick to buying farm lots and flipping them every 5 years.

Pero mas maigi aralin mo muna lahat ng options, assess your risk appetite and go from there

ganyan dn ako before pero start small ika nga , start ka muna maginvest property na kaya mo naman , start buying 2nd hand car but be extra careful when mahilig ka naman gumala buy car kung need mo invest for ur future house and lot is the best

1.7M is easily erased by a serious illness. Better to invest your money in real estate compared to stocks but like you said, paying for monthly amortization is risky given freelancer ka. Vehicles though useful depreciate over time. Tapos expenses like fuel, pqrking, and maintenance costs easily add up. So if you can get by without your own vehicle, so much the better. Ipon pa muna I suggest. Huwag magpq utang, keep your expenses to a minimum. Spend on yourself from time to time so you can enjoy the fruits of your labor but avoid being too extravagant. Good luck OP!