00:43.4
Ano yung mga sources of income ninyo?
00:56.0
Okay, so, salary.
01:01.3
Okay, oi si Ed, mayroon siyang co-op,
01:03.6
meron din siyang MP2.
01:06.3
Si Jason, meron siyang interest and dividends
01:09.8
aside from employment.
01:12.8
Tiffany, ay may employment and interest from investments.
01:19.4
Salary, small investment stocks, provident plan.
01:26.0
Interest and dividends, salary, business.
01:30.2
So, most of us, meron pa rin employment
01:40.1
as our main source of income.
01:43.3
Pero si Florida, meron siyang rental income.
01:49.0
Si Fatima, dun sa co-op niya, kakastart pa lang niya.
01:56.0
Nagsastart na kaysa sa later pa, no?
01:58.2
So, quickly, let me show you yung
02:03.8
kaibahan ng sources ng active income sa passive income.
02:10.0
So, yung salary, part-time work, overtime work,
02:13.3
commission, and business income natin.
02:15.5
These are our active income.
02:19.2
Ang passive income, ito yung rent, interest, dividend,
02:23.8
capital gains, royalty,
02:28.7
So, yung active income,
02:31.1
these are income derived from labor or work.
02:33.9
Ang passive income, investment income you earn
02:36.8
even when you do not work.
02:39.0
Yung active income natin, this is our primary income,
02:42.2
na main source of income natin, no?
02:44.2
Such as our salary.
02:46.0
And yung passive income is earned from our assets,
02:49.7
investments, or both.
02:52.2
Pero ang key talaga dito is,
02:55.3
active income should only be used to fund our basic needs.
03:01.1
And our passive income would be,
03:03.8
would be, ano, no?
03:05.7
Used to fund our periodic wants,
03:09.7
or further increase our investments.
03:13.8
So, let's put this into, ano, no?
03:16.8
Into perspective sa, ano, no?
03:29.0
So, meron kasi tayong financial life stages.
03:35.4
pakita ko lang yung video namin.
03:49.2
Nag-upload pa rin.
03:50.0
Oh, videos pa rin.
03:50.9
Manilig ka pala sa halaman.
03:53.3
Gusto ba kayo marami kang halaman?
03:55.3
Nagtatanim ko ng gulay,
04:03.3
Yung, ano, yung halaman, actually, Venus,
04:05.5
para din yung mayahalintulad natin yung buhay ng halaman
04:08.6
sa financial life stages.
04:11.3
Oo, galing mo siya.
04:18.8
Ano ba yung financial life stages?
04:21.4
Bago ko sagutin yan, Venus,
04:23.4
kailangang maintindihan muna natin,
04:25.3
ano yung pagkakaiba ng active income at saka passive income.
04:29.5
Ang passive income ay income na kinikita mo
04:32.3
kahit hindi ka nagtatrabaho.
04:34.5
Ang active income naman,
04:36.4
kailangan mong magpawis at magbanat ng luto.
04:39.5
Yung financial life stages ay nasusutag siya
04:42.2
sa ability mo to cover your expenses
04:46.0
sa pamamagitan ng passive income.
04:49.2
So, yan talaga yung mga halaga.
04:51.4
Kailangan magkaroon ka ng passive income.
04:53.3
At meron tayong limang stages.
04:55.3
So, the first stage is the startup stage.
04:58.7
And then, financial independence stage,
05:01.3
financial growth stage,
05:03.2
financial stabilization stage,
05:05.1
and financial freedom stage.
05:07.1
Yung startup stage,
05:08.4
ang suggested age ko dito ay 21 to 22 years per month.
05:12.4
At ang expectation ko dyan ay zero
05:14.4
ang kanilang passive income
05:15.7
because may kakagraduate lang,
05:20.4
Ang goal dapat dito ay
05:22.7
makapag-ipon na for emergencies
05:25.0
and for the future.
05:25.3
So, magsimula na ng mag-emergency savings
05:27.8
yung mga kamataan.
05:31.7
Second life stage naman natin
05:33.8
is the financial independence.
05:35.6
Independence, right.
05:36.6
Financial independence kasi
05:37.9
ang gusto kong mangyari ay maging
05:40.3
independent yung terms of finance
05:43.0
ng mga taon, yung mga kabataan.
05:45.7
So, ang suggested age ko naman dito
05:47.3
is about 23 to 25 years.
05:50.5
At ano yung kumikita ka na?
05:52.0
Yes, kumikita ka na.
05:53.2
At ang passive income mo dito,
05:55.3
that covers your expenses
05:57.3
should be about 1 to 10%.
05:59.4
Ang pangatlo naman ay yung
06:01.1
financial growth stage.
06:03.1
Financial growth stage naman,
06:04.9
ang suggested age ko dito is about
06:08.5
Mukhang nanito kaya ta.
06:14.1
So, 26 to 45 years old.
06:19.5
na passive income ko dito
06:20.8
as a percentage of expenses
06:22.8
is about 11 to 50%.
06:26.3
So, pag napapansin mo,
06:27.5
habang tumatanda pa,
06:29.2
dapat mas lumalaki
06:31.0
ang passive income compared sa expenses.
06:34.3
Yung fourth naman na life stage natin
06:37.1
ay financial stabilization life stage.
06:40.8
So, suggested age ko dito is about
06:43.2
46 to 60 or 65 years old.
06:47.9
Financial stabilization siya
06:49.8
kasi at this stage,
06:51.4
talagang dapat mas malaki na
06:53.1
yung passive income that will cover
07:00.2
And then, the last one is
07:01.8
the financial freedom life stage.
07:05.0
And when we say financial freedom,
07:07.2
Ang nai-imagine ko yung
07:08.4
nakaupo yung kanalang.
07:10.2
So, retirement na yan.
07:12.1
So, yung passive income mo
07:14.2
dapat kaya niyang
07:15.1
cover lahat ng expenses.
07:17.8
So, balik tayo din sa plan
07:21.3
So, pwede nang halaman
07:26.2
inaalagyan ng 40 lines.
07:29.2
Para yung savings din, no?
07:32.3
inaalagyan at mamunula.
07:35.3
So, pag retirement,
07:36.4
mamimitas-mitas ka na lang.
07:38.2
Let's all learn about wealth.
07:40.9
Like and share our page
07:42.8
and be free for life!
07:53.1
financial freedom life stage.
07:54.0
financial freedom life stage.
07:54.2
financial freedom life stage.
07:54.8
financial life stages, no?
07:56.4
Pag explain lang natin sa
08:13.4
Kahit lang, guys.
08:22.3
Nakikita nyo yung ano ko?
08:31.4
So, just to drive in the concept,
08:33.2
yung monthly passive income natin,
08:34.9
ididivide natin yan
08:46.9
Further yung ating
08:47.7
financial life stage,
08:50.3
yung numerator niyan
08:59.0
denominator natin
09:07.9
dissect this further,
09:12.0
sabihin talaga niyan, no?
09:16.0
how do you prepare
09:18.0
and yung expenses mo
09:20.5
my life exciting,
09:27.2
take a look at this,
09:31.3
You only live once
09:37.0
financial life stage
09:59.0
tinitignan natin.
10:01.8
base dun sa ating
10:02.7
financial life stage,
10:07.8
yung passive income
10:22.3
So, kung ginawa nyo po
10:34.4
current expenses,
10:46.2
covered dapat yan
10:46.9
ng passive income.
11:04.4
nung sinimulan namin
11:53.6
and what you own,
11:58.0
If you go through
12:01.4
of your financial situation
12:03.0
which will aid you
12:04.7
budgeting and planning.
12:08.7
Kung hindi nyo pa
12:10.2
dito naman yung mga
12:38.2
financial health check
12:40.4
if you've already
12:45.4
ibig sabihin yan.
12:50.1
yung nakuha ninyo,
12:50.9
you're financially
12:53.5
financially secure
13:03.4
na ginagawa namin
13:05.2
na financial health check,
13:12.7
ang financially secure
13:14.6
financially sustainable
13:18.2
financially sustainable,
13:24.1
nung self-assessment
13:27.4
kaya nang mag-retire.
13:46.7
retirement planning.
14:02.1
o sa estate record
14:03.5
yung mga pangalan
14:05.6
Yung pangalan mo,
14:09.3
at yung mga anak.
14:10.8
Yung napakahalaga
14:15.5
baka hindi na magkagulatan,
14:24.8
tinatawag na namin
14:25.7
kasi ang alam namin
14:56.2
meron kaming isang
15:21.2
ay nagkulang siya.
15:23.0
oo, may panahon pa.
15:24.6
Hindi ko pa naman,
15:25.1
sabi ko sa kanya,
15:25.7
hindi ko pa mamatay.
15:28.0
na responsibilidad.
15:30.4
Responsibilidad mo yan.
15:34.0
hindi ka pa mamatay,
15:35.0
sabi ko sa kanya.
15:35.9
hindi naman siya namatay.
15:44.0
sino-sino yung mga
15:47.7
So, ilalagay ninyo,
15:48.6
aside from your children,
15:54.1
baka mga kapatid mo,
15:55.8
nasa will mo sila,
15:59.7
Ang details na kailangan,
16:01.6
kailangan ilagay mo yung
16:02.8
date and place of birth
16:06.1
At ano yung kanilang
16:14.8
and current address.
16:19.0
kung sino man siya,
16:20.2
ay madali niyang makukontak
16:21.5
kung sino yung mga
16:31.0
Okay, and then you also
16:31.8
have to list down your
16:33.1
personal advisors.
16:36.4
ang unang-una is,
16:39.0
meron bang powers of,
16:40.6
meron ka na bang naisulat
16:41.8
na powers of attorney?
16:44.1
nung nabasa ko nga ito
16:45.3
parang ayaw nga, no?
16:46.0
Kailangan namin ni
16:51.3
may execute siya,
16:55.0
yung powers of attorney
16:57.6
kung incapable ka
17:02.8
somebody could do it
17:04.6
In terms of your property
17:05.8
or personal care,
17:08.6
yung mga SPA na tinatawag,
17:11.0
yung special powers of attorney.
17:13.6
sabi ko kay Edwin kanina,
17:15.4
parang kailangan natin
17:20.6
ma-stroke man ako,
17:22.3
o kung ano man nang mangyari,
17:29.2
Saan located yung
17:31.6
Sino yung attorney?
17:43.4
sino yung lawyer ninyo,
17:44.8
sino yung accountant,
17:49.9
maliliit na bagay, no?
17:53.0
kung kakilala natin
18:01.3
may mapagkikilanlan,
18:13.0
Saan siya nakalagay?
18:15.0
date ng last will ninyo?
18:17.6
Saan yung location?
18:32.5
o yung inaatasan mo,
18:36.1
magdi-distribute,
18:39.7
pinagkakatiwalaan mo siya.
18:43.6
ang mobile number.
18:52.1
mga funeral arrangement.
18:54.2
dapat is nakasulat na yan, no?
18:55.9
Ang funeral mo ba
19:01.4
hindi ko pa nga na,
19:02.1
hindi ko pa nga naiisip to.
19:03.5
Lagi akong sinasabi na,
19:04.8
ay, gusto ko yung,
19:06.3
funeral arrangement ko
19:10.9
more than anything, no?
19:24.0
Funeral home address,
19:28.4
and then yung details
19:36.5
cemetery plot na?
19:43.3
Location of the plot,
19:51.7
kung ikaw din ay may
19:53.2
safety deposit box,
19:57.6
Yung safety deposit boxes natin,
19:60.0
asan ba yung location niyan?
20:01.9
Box number at saka key location.
20:04.1
Yung safety deposit boxes,
20:05.5
usually ito po ay
20:11.2
Nirerentahan yan usually.
20:13.2
Napapanood natin yan sa mga movies,
20:17.3
gagayad ka nila dun sa
20:22.6
nandun yung mga safety deposit boxes,
20:26.0
Kung meron lang naman.
20:26.9
Kami ni Edwin ay,
20:30.0
isang beses lang kami nag-rent
20:31.6
ng safety deposit box.
20:34.3
sabi nila parang,
20:36.8
hindi naman siya gano'n kahalaga.
20:39.2
kaya naman natin to do this
20:41.4
So, yung dokumento,
20:42.3
kinuha na namin at
20:51.7
Location of important documents.
21:03.4
bago tayo magpatuloy siguro.
21:13.8
In computing expenses
21:15.1
versus passive income,
21:16.4
should we assume current expenses?
21:18.6
Actually, Bernard,
21:20.8
pag-assume mo dyan
21:25.1
Kasi retirement na eh
21:26.1
yung tinitignan natin talaga.
21:28.0
Hindi na lang natin minimesure
21:30.8
sa financial life stage natin.
21:32.9
We have to project
21:34.4
kung kailan ka magre-retire,
21:36.8
i-adjust mo ba yung inflation?
21:38.4
Kung ano yung expenses
21:46.2
for every 10 years kasi,
21:48.7
nagdo-double yung mga prices
21:50.8
So, dito sa Pilipinas,
21:52.3
if you're going to retire here.
21:53.7
ang pandesal ngayon
21:57.2
and you plan to retire
21:59.0
10 years from now,
22:02.4
So, nagdo-double siya
22:04.5
So, pwedeng yun yung
22:08.2
result will be unfavorable
22:09.4
because current lifestyle
22:10.3
is based on scenario
22:11.1
where we still have
22:17.0
meaningful and productive
22:19.0
ang tinatarget talaga.
22:23.4
nag-work ka pa rin.
22:26.7
I think yung question mo
22:29.3
how do I generate
22:31.0
so I could keep pace
22:37.7
next week natin yan
22:39.3
mas mapag-uusapan.
22:41.2
ang short answer ko dyan
22:42.8
na pinaka madali,
22:47.8
retirement money natin,
22:50.6
that will keep up
22:53.0
is rental income.
22:55.4
Yung mga kaibigan ko
22:56.5
na nag-early retirement
23:00.0
yan yung main source talaga.
23:05.0
kunwari siya, no,
23:05.9
itong si Sir Ness,
23:07.5
my friend who's in
23:08.6
Ilocos right now,
23:11.9
concierge dyan siya,
23:13.5
dyan siya sa Dubai.
23:15.5
Ang kinikita niya,
23:27.4
na mag-rental income
23:31.5
umuwi na siya ng,
23:35.9
yung rental property niya
23:37.5
ay nagja-generate na
23:41.4
na passive income.
23:44.5
ay yung 80,000 pesos
23:46.2
ay sobra-sobra na,
23:49.1
ang mangyayari niyan,
23:51.8
pag tumataas yung presyo
23:56.1
i-adjust din niya
23:59.2
pinapaupahan niya.
24:02.8
kaya yung sabi ko kanina,
24:04.1
na when you're already
24:07.1
ay pwede rin naman
24:07.8
na nag-accumulate ka pa rin.
24:13.6
ang mangyayari niyan,
24:17.7
ay hindi niya maubos
24:21.5
may sarili siyang bahay.
24:23.4
Mag-isa lang siya,
24:29.7
Super kuripot talaga
24:30.6
yung friend ko na yun.
24:32.8
ang ginagawa niya,
24:37.8
at nilalagay niya
24:39.4
or nilalagay niya sa,
24:40.6
sa centrico of investments niya.
24:44.4
kapag nakakaipon siya ulit,
24:46.3
nagbabalak na naman siyang
24:52.1
yun yung pupwede.
24:57.6
wala na talagang utang
24:58.8
at nakapagpaaral na tayo
25:01.3
Kaya maganda talaga
25:02.9
Wala kaming anak.
25:05.1
In this scenario,
25:06.0
month expenses will be
25:06.9
drastically reduced.
25:08.0
Should this be the assumption
25:09.1
or basis for computation?
25:13.1
we'll go into that later eh.
25:16.2
I will let you imagine.
25:28.1
gusto mong mangyari?
25:32.9
ang executor or trustee ba
25:35.9
Most of the time,
25:41.5
mas maganda nga dyan,
25:44.3
Ang lawyer yung kuhanin
25:51.5
involved siya emotionally eh.
25:54.0
mag-away-away pa,
25:56.5
May one-stop shop
25:58.7
na tutulong sa paggawa
26:00.4
at lahat pa ng bagay
26:04.8
I could share with you,
26:09.6
Tatanong ka yung mga
26:10.5
lawyer friends ko
26:17.4
what I understand,
26:18.4
I'm not a lawyer,
26:19.3
Pero when I consulted
26:20.9
yung paggawa ng will,
26:31.4
na probate na siya
26:39.2
oh, yan yung will.
26:42.5
Sa pagkakaintindi ko,
26:46.3
na hindi na probate
26:57.9
kung hindi siya na probate
27:09.8
when we attempted
27:15.2
kapag ipoprobate mo na
27:19.8
ang sabi sa akin nung
27:22.7
judge na kaibigan ko naman to,
27:24.6
ang sabi niya ay,
27:34.3
babayaran mo na agad.
27:40.3
ang naalala ko yan,
27:49.0
340 million yata,
27:53.0
sabi ko, oh my God,
28:02.1
Ayokong magbayad,
28:06.7
I'll give you more details
28:21.2
estate documents.
28:27.0
important documents.
28:28.8
yung birth certificates mo,
28:31.3
at ng mga anak mo,
28:32.5
yung marriage certificate,
28:38.3
income tax returns,
28:40.3
mga banking records natin,
28:43.7
ilalagay mo lahat
28:48.5
tapos ilalagay mo
28:53.7
ng document na ito,
28:56.3
kung gusto kong nakawan
28:58.4
itong dokumentong ito
29:01.8
parang binigyan mo na sila
29:06.4
papano ka nanakawan
29:07.6
or papano ka didengo yun,
29:09.6
you have to be very
29:10.6
careful with this.
29:15.3
Location of important documents,
29:17.6
mga investment records mo,
29:19.1
loans and mortgage records,
29:21.3
mga vehicle ownership records,
29:23.7
separation or divorce papers,
29:27.3
diborsyado or separated,
29:29.7
cohabitation records,
29:35.2
pero living together,
29:37.6
custodian adoption records,
29:39.6
kung kayo ay may adopted,
29:44.6
dapat meron kayo.
29:47.5
bank account information.
29:49.6
yung bank account information,
29:52.7
name of the financial institution,
29:58.4
banko natin dyan sa Dubai
30:05.7
name of financial institution,
30:07.5
address and phone number,
30:09.1
tapos yung account number,
30:11.7
at saka ownership,
30:13.3
Ikaw lang ba may-ari nito?
30:14.9
Joint account ba?
30:19.7
ang tip ko naman dito,
30:22.3
ang mga bank accounts
30:30.4
marami ng ganun, eh.
30:35.8
ginagawa namin ay,
30:44.0
access sa email niya,
30:45.9
at meron din siyang
30:59.6
i-click lang natin yung
31:01.6
tapos nilalagay mo na kung
31:05.8
Para ma-send niya dun.
31:06.9
And I would be able to
31:08.1
generate a new password
31:10.8
pwede ko siyang matransact,
31:23.6
baka dyan ka makabasa
31:25.7
hindi mo nababasa.
31:27.7
gagamitin mo lang siya
31:30.3
mamamatay na siya,
31:34.1
iniimbestigahan mo siya
31:37.8
Hindi dapat gano'n.
31:41.7
Yung mga bank account
31:42.7
information natin,
31:43.7
ilista rin natin siya,
31:51.8
Mga investment account
31:56.0
financial institution,
31:57.3
address and phone number,
32:08.6
bibigay ka ng mga
32:09.7
debt certificate,
32:11.1
Madali naman siya na,
32:12.8
o di pag namatay siya,
32:14.2
may access ka naman
32:19.4
kung yan yung usapan nyo.
32:22.3
pwede nyong gawin.
32:25.0
Mga pension plans,
32:27.4
address and phone number,
32:32.7
sino yung issuing company,
32:34.6
address and phone number,
32:36.8
and policy location.
32:40.0
location of valuable
32:43.9
Yung mga sasakyan nyo,
32:49.3
yung, yung jewelry,
32:50.8
mga coin collection,
32:57.5
medyo mahalaga ito,
33:00.1
saan yung address
33:01.6
ng real estate na yun?
33:05.9
sila mama at papa,
33:09.1
mahilig lang yun na parang
33:10.4
nagda-drive sila.
33:12.8
Tapos sabihin nila,
33:13.9
may lupa tayo dyan.
33:15.0
So, ah, yan, dyan,
33:15.5
may lupa tayo dyan.
33:17.6
patay-Malaysia lang.
33:19.4
naisip ko ngayon na,
33:22.8
they're already in their
33:27.4
oh, yung mahalaga pala na
33:29.7
kung nasaan yung mga yan.
33:31.8
yung mga address na yan?
33:41.0
Sino yung nakalagay na owner?
33:47.8
ako nakapangalan pa sa lola namin,
34:03.5
nandun pa sa lolo-lola
34:09.8
ang naka-experience na ako
34:12.7
bumili kami ng lupa
34:16.6
dyan sa Mindanao,
34:24.3
sa lolo't lola pa nila
34:28.2
lima silang magkakapatid,
34:30.5
yung isa nilang kapatid
34:32.9
signatory itong apat
34:34.2
together with the
34:40.3
signatories lahat yun.
34:41.6
ang sakit sa ulo.
34:42.5
Kasi may isang signature lang,
34:47.6
registry of deeds.
34:50.1
kailangan nakasulat
34:56.6
Saan yung location
35:09.1
kung ito ay mortgage,
35:13.4
pinagkakautangan,
35:16.4
or kung kanino man,
35:19.4
ano yung reference number
35:20.8
ng mortgage na yun?
35:22.3
yung tax declaration,
35:23.5
kailangan din po yun
35:27.3
kung meron tayong
35:28.0
real estate property,
35:29.2
nagbabayad talaga tayo
35:30.2
ng real estate tax dyan.
35:34.6
sa business interest naman,
35:40.3
partnership or corporation,
35:42.3
location ng documents,
35:44.2
percentage ownership,
35:51.3
itignan din natin,
35:52.6
Sino yung insurer,
35:53.9
sino ba yung insured,
35:56.3
anong type ba to,
35:57.9
Term whole universal,
36:00.9
health insurance ba to,
36:03.4
disability ba yan,
36:05.4
political illness,
36:07.9
ano yung face value nya,
36:09.6
ano yung policy number,
36:11.6
sino yung agent at mobile number,
36:20.2
So you should also list
36:21.3
yung mga loans, no?
36:24.1
loan or credit line information.
36:26.5
kanino ka may pagkakautang,
36:28.1
company or tao man yan,
36:33.8
amount outstanding,
36:35.9
nasaan yung location
36:37.0
ng loan agreement.
36:44.5
ilalagay mo din, no?
36:45.5
Yung credit card,
36:46.2
mga anong company,
36:47.5
name of credit card,
36:53.6
I, I research about this credit card,
36:56.1
itong credit card,
37:10.9
yung clean loan na yan,
37:15.0
wala pa akong nakita eh,
37:19.9
tapos yung credit card company
37:21.6
ay talagang naghabol
37:22.9
doon sa estate, no?
37:26.5
kapag tayo ay namatay,
37:29.0
yung estate natin,
37:30.6
which is yung mga pagmamayari natin,
37:33.5
ipufulfill niya muna dapat
37:35.1
yung mga debt obligations natin
37:37.1
bago yan hahati-hatiin
37:46.2
yung credit card company.
37:47.7
Pero sa experience ko,
37:49.9
wala pa akong narinig na
37:51.6
talagang naghabol
37:52.7
yung credit card company
37:55.6
credit card balance,
37:58.0
nung namatay sila.
38:02.2
Speaking of estate,
38:06.6
marami kasing ano eh,
38:07.8
marami kasing nag,
38:11.4
sasabi tungkol sa,
38:22.1
lalong-lalong na to,
38:23.0
at inis na inis ako,
38:25.5
bumili ka ng insurance
38:27.5
kasi pang cover yan
38:29.2
sa estate tax mo.
38:33.3
Yung mga nagsasabi niyan ay,
38:43.5
updated sa ano na yung estate tax.
