Wonderful!!👏👏👏👏👏 Ang galing mo Fermin!!

@ofwpower

2 жыл бұрын

Wow, thanks a lot Marlyne. I really appreciate your kind words. These comments are hard to come by. It helps me to keep going and improve our content for all of you. Thank you.

So simple easy to understand.

tapos lagay mo yung 6million sa conservative na investment (6%-10%). yung magiging profit non yearly pwede mo panggastos sa mga susunod na taon. buhay ka na hanggang pagtanda may pamana ka pa. haha

Better to have passive income. At Least, my back up if anything goes wrong sa finances. We can set an amount for retirement. Pero dapat may passive income like rental. At mga property na in case na need for long term expenses for health and inflation.

@ofwpower

2 жыл бұрын

I fully agree po.

@istoryadortv951

2 жыл бұрын

Dapat may KZread Channel/daily vlog.

@ofwpower

2 жыл бұрын

@@istoryadortv951 para saan po na content? sorry, im not familiar po. vlog vlog lang po itong sa akin.

Hi Fermin,very good assumption.pero parang hinde mo ata na tackle most of the retiries need maintenance medicine,but of course this will depend on individual life style.overall very good insight.thanks

@ofwpower

2 жыл бұрын

Great point

Passive income ang better retirement fund. Like room rentals/apartments., plan ko sa probinsya mag retire para ang hobby ko magtanim para from farm to table..

@ofwpower

2 жыл бұрын

Awesome. Nice suggestion po. Good luck.

Nice info... laki naman e kunti naman amg sahod ngayon

@ofwpower

2 жыл бұрын

:)

Hindi mo naman po magagastos ng buo sa isang taon ang 6.4M na target retirement fund. Kung ang 5M ay ipapasok mo sa PAGIBIG MP2 with an average annual rate of 6% meron kang inaasahan na 300K annual interest income. Yan annual interest income mo na 300K more than enough sa estimated yearly expense mo after retirement.. secured ang 5M mo sakop na rin ng 300K ang inflation rate..

@ofwpower

2 жыл бұрын

Good point. Lets discuss more on that Alvin in our upcoming videos.

@viraltrending6194

11 ай бұрын

tamaaa..passive income na din....sureball😊

Sir Fermin, pwde po bng magrequest, kung paano po mllmn ung pension amount mo sa SSS, kung may computation din po kayo, tulad nung sa MP2 calculator nyo po. Malaking bagay po un. Salamat po

80% lang po ba ng monthly expense talaga? Feeling for dapat 120% or more. Kahit di accounted for ung inflation, feeling ko ung boredom during retirement makes you spend. Kasi ung time na nasa work ka, dapat iallocate sa hobby pag retired na. And hobby is gastos. Di naman cguro magreretire at sa bahay ka lang. And alam naman natin bawat labas sa pilipinas, usually may gastos.

@ofwpower

2 жыл бұрын

I agree Evanine. Hindi rin ako ako masyadong agree sa 80%. I believe it was assumed lower coz some of the expenses like amortization or child education or loan payments are already paid off by retirement. Again these numbers are not cast in stone and are just guidance. So its good to know our own numbers and to your point, had to be adjusted for inflation. Good luck!👍

@evanniejohnson6806

2 жыл бұрын

Tama po very personal talaga. My dad is now retired, hardly any pension. Ako lahat and ung gastos ko per month sa kanya is more than his monthly income when he was working. For myself, i'm aiming 1m dollars for retirement. Kahit piliin ko sa Pinas mag retire, dapat accounted for ung medical bills and emergencies. Tapos dapat nasa investment ung pera para kumikita din to account for inflation. Kung maunahan ko man bago maubos, at least merong matitira for loved ones. Basta ang goal is di ka poproblemahin ng mga kapamilya mo when you get old.

@ofwpower

2 жыл бұрын

@@evanniejohnson6806 exactly Evannie. im perfectly aligned with what you're thinking. all the best and good luck.

1.) bakit may tax? since retired ka na, di ka na dapat nagbabayad ng tax right? 2.) I know inflation would be hard to make people understand, but with inflation at 8% now, I think computing for annual inflation is almost necessary.

Sir; paano po ecalculate kung may pension na P300k/monthly plus P120K/ rental properties. Nagpapasalamat ako sa panginoon na sa Edad 45 May solid na po na pension at passive income; lhat po nyan ay galing abroad; klilipat lang din nmin po ng pamilya ko dto sa Pilipinas; both pension at passive income kauumpisa lang last year; Ano po ang recommendation ninyo Sir?

sir my tutorial ka po ba paano mgbayad ng sss jan south korea

Sir hindi ko na gets eh expenses po yan diba

Is there a way to invest in Canadian market while living in the Philippines?

@ofwpower

Жыл бұрын

yes. open an international brokerage account.

@rogeliomontenegro8259

Жыл бұрын

@@ofwpower do you happen to know how much is withholding tax on international dividend?

puydi pabang makapag invest sa mp2 sa idad 62 yrs old na

@ofwpower

2 жыл бұрын

Kung retired na po kayo at dating active na pagibig member, opo pwede pong mag open ng MP2 punta lang sa Pagibig office.

Kaibigan me payo lmg ako sayo..kc maayos ka nmn at gusto mo talga tumulong sa mga ating kababayan. Eto po ang pg aralan mo "kelangan me assest/investment k nang nag gegenerate ng income para sa monthly expense mo" " kc kung mg iipon k lng kakainin ng inflation ang savings mo at worthless na ang savings mo by the time n mg retire ka " financial freedom - cashflow - passive income = retirement.

@ofwpower

2 жыл бұрын

Thank you sir. Appreciate your inputs.

@JJ-ug8np

2 жыл бұрын

pwede nga rin MP2 dito, lets say u have 6M, kikita sya around 420k annualy sa 7% , so pwedeng pang passive income na rin. 420k divide 12 so 35k a month

@ofwpower

2 жыл бұрын

@@JJ-ug8np that's a good point JJ. we'll discuss on that in the future.

@wilsione

2 жыл бұрын

@@JJ-ug8np kung merong kang 6M on hand pwede yang sinasabi mo..pero sa mga ordinaryong tao or OFW na sumusweldo na 30k a month ang pag iipon ng 6M kung 20K monthly ay aabot ng 25 years..ang point dto wag mg ipon. work for cashflow meaning business or other means of passive income na di nka depende sa dividend or capital gains.

Why was the SSS monthly pension estimated only as P2,500? This is so small, especially if you are continuously working in a private company until your retirement. Also, why was the projected monthly expenses at the time of retirement multiplied by 80%. This makes the result smaller which is unrealistic?

@hokagecedric

5 ай бұрын

i got the same question but he explain vividly that this is just a sample.... that amount of pension could be base on the result of total contribution of a particular member like members contributing voluntarily from rural areas, realistic pa rin sya na matatawag in a sense that most of the contribution from rural areas are contributing of at least 300 to 500 pesos on their monthly contribution, i had few known people living in the rural areas paying minimum amount for their monthly sss contribution

How to join

@ofwpower

2 жыл бұрын

Watch our MP2 videos.

Ito po ba Yung "late gratitude "

@ofwpower

2 жыл бұрын

To me, it depends on how you look at it.

@febiarjermin1718

2 жыл бұрын

Dapat po mas mataas pa..

@ofwpower

2 жыл бұрын

@@febiarjermin1718 sana all po.

Marami ka na ba savings ofw power???

Mas maganda sana Sir kung mas bibilisan mo magsalita.

@reynaldorono6455

11 ай бұрын

Hehe para ngang hirap huminga si sir fermin kapag nagasalita heheh...

Pag si BBM maging presidente, lahat ng retired wala na pproblemahing ganyan dahil suportado lahat ng needs nila at may mataas na pension. #BBMSolid

@ofwpower

2 жыл бұрын

All the best po.

@user-qj1xc8mj6o

2 жыл бұрын

Mahirap po iasa kay bbm ang kinabukasan or retirement.

@ofwpower

2 жыл бұрын

I dont want to start a political discussion here. Kaya kung pwede po huwag po sana nating simulan ang political discussion (as much as possible) sa platform na ito.

@aldrinpatino10

2 жыл бұрын

Taena mo bbm padin di pa nga natutupad bente pesos na bigas yan pa kaya? Antanga lang ah.