Ang mga kabataang may edad 25 years old ay hindi pa alintana ang kanilang mga financial responsibilities. Sa pag-aaral na ginawa ng Standard and Poor’s noong 2015, isa lang sa bawat limang millennial ang financially literate.
Marahil ito ay dala ng kakulangan sa mga sources ng mapagkakatiwalaang information about personal finance. Pero sa tinging ko mas dahil ito sa YOLO (You Only Leave Once) at FOMO (Fear Of Missing Out) na kultura.
Sa pananaliksik ng aking kumpanya, SEDPI, nalaman namin na kalahati sa mga millennials ay may utang na hindi ginamit sa productiive purposes. Ibig sabihin hindi ito kumukita at violation ito sa good personal financial practice.
Nagamit ang loan, karaniwan sa pamamagitan ng personal loans sa bangko at credit card, ay nagamit pambili ng gadget o pinang-bakasyon.
Para maisaayos ang personal finance nang maaga, ito ang kinakailangang magkaroon ka lapag tumuntong na sa edad 25 years old.
Basics
Ang pinaka-basic sa lahat ay wala ka dapat non-productive loan. Eliminate bad debt by all means. Kung meron ka nito dapat maagapan mo na agad kasi dadalhin mo ang paguugaling mangutang para sa needs and wants.
Kinakailan ding nakagawa ka na ng iyong financial plan. Nagsisilbi itong gabay at inspirasyon upang maabot nang maaga ang mga financial goals.
Para sa akin, dapat nakabukod ka na rin sa mga magulang mo o kung nakatira ka pa rin sa kanila, nagbibigay ka ng contribution para sa gastusing pambahay.
Fundamentals
PhilHealth ang pinakaunang insurance na dapat meron ka. Kung wala ka pang dependent/s, mabuting kumuha ng medical/health insurance para sakaling magkasakit ay hindi na magigig pabigat sa mga magulang.
Sa mga may dependent/s naman, bukod sa medical/health insurance, kailangang magkaroon din ng life insurance. Iwasang kumuha ng investment-linked insurance o VUL (Variable Universal Life).
Kinakailangang nakaipon na rin ng emergency savings na katumbas ng siyam na buwang expenses. Ilagay ito sa time deposit para kumita nang mas malaki kahit papano.
Building for retirement
Nasa maximum contribution ka na dapat sa SSS (Social Security System) at sa PagpIBIG. Huwag mamaliitin ang SSS dahil malaki ang counterpart ng employer dito kaya sulit. Ang Pag-IBIG ay makakatulong din kapag magbabahay na.
Maganda ring magkaroon investment sa mga pooled funds—bonds, UITF, mutual fund at exchange traded funds. Pero bago ito gawin, aralin muna at intindihing mabuti ang mga ito.
Noong ako ay 25 years old, nagsimula na akong magkaroon ng malaki-laking passive income sa pamamagitan ng rent. Kaya sa edad na ito, pag-aralan nang mabuti ang iba’t-ibang klase ng passive income – rent, interest, divident, capital gains, royalty at pension.
Overcome your fear of and ignorance in investing through education. Gamitin ang pinaka-valuable ninyong resource – time. Bata pa kayo at kung magi-invest nang maaga, you can take advantage of compounding.
Lastly, start small but dream big.
“The insurance portion in term and VUL are the same. It’s the investment portion that makes it expensive. Ask your agent how much is paid for insurance premium in permanent plans and you’ll find out the premium is the same. The balance is supposedly for your investment. But if you take a look at the cash value or fund value of the investment portion, it nil on the first year. Where did the money go? –Commissions of agents and fees to insurance companies. That’s why it’s better to do BTID. If you employ time value of money analysis, yo will end up with better investment returns.”
“When you reach 65 years old, the chances of you needing life insurance is very low because usually you have no dependents when you reach this age. If your intention is for retirement, then insurance is not the answer there. Investment is. If you are up for protection of your estate, then the financial product appropriate for these would be property insurance. I did time value of money analysis on 5-10 years (theoretical) payment schemes of VULs and it is still better to do BTID. =)”
These are some of Vincent’s response in the comment section that may answer your question.
hirap basahin. sana may button para i translate to english
Hi! Paano po kung may VUL na? Pwede po b iconvert yun sa term insurance?
Sir vince san ba pd makakuha ng pension?panu po ba para mgkaroon ng pension?salamat po..
Bakit pa ninyo mas inencourage kumuha ng hiwalay na pooled funds at hiwalay na term insurance. Eh kung pwede naman pong isama na yun sa VUL? Tutal naka term mo din namang binabayaran, naiipon na din siya as Fund Value.
http://vincerapisura.com/bakit-mahal-ang-vul/
puro ka please refer. sabihin mo in detail kung bakit iwasan. Icontextualize mo ung urge mo kung bakit hindi. i referred to your previous article dinefine mo lng ung VUL. pero hindi ung strengths ang pinakita mo puro negative.
Hello. Cool down po. I have other articles about it that will come out in the next weeks. =)
kukuha pa namn sana ako ng vul buti na lng ive read ur article, ang mahal nha bess,, mutual fund sir vince do u reccommend taht?
Learn about pooled funds first. Abangan po mga articles ko about it. =) http://vincerapisura.com/mga-investment-fund-na-dapat-intindihin-bago-pasukin-upang-kumita/
Bakit po dpat iwasang kumuha ng VUL?
PLease refer to my previous articles:
http://vincerapisura.com/bakit-mahal-ang-vul/
http://vincerapisura.com/ibat-ibang-klase-ng-insurance/
bakit hindi po recommended ang VUL or Variable Universal Life?
PLease refer to my previous articles:
http://vincerapisura.com/bakit-mahal-ang-vul/
http://vincerapisura.com/ibat-ibang-klase-ng-insurance/
Emergency fund sa time deposit? Pano pagnagkaemergency di agad makukuha
It’s a misconception that you cannot withdraw time deposits. You can pre-terminate time deposits anytime. Usually, the bank will not give you the preferred rate when you pre-terminate but your savings will still be in tact. Ask your bank for details.
Yung half pwde mo ilagay sa time deposit compare kasi sa regular na saving acct. mas mataas ang interest rate na kayang ibigay ng time deposit. Then yung another half kung pwde nasa debit card or cash para anytime na may emergency no need to withdraw your cash sa time deposit.
Iwasang kumuha ng VUL? Bakit po?
PLease refer to my previous articles:
http://vincerapisura.com/bakit-mahal-ang-vul/
http://vincerapisura.com/ibat-ibang-klase-ng-insurance/
Bakit hindi nyo po sina suggest kumuha ng VUL?
PLease refer to my previous articles:
http://vincerapisura.com/bakit-mahal-ang-vul/
http://vincerapisura.com/ibat-ibang-klase-ng-insurance/
Sir bakit po hindi dapat kumuha ng VUL
PLease refer to my previous articles:
http://vincerapisura.com/bakit-mahal-ang-vul/
http://vincerapisura.com/ibat-ibang-klase-ng-insurance/