#UsapangPera: Mga Tips sa Pagyaman with Sir Vince tackles money issues such as savings, loans, budgeting, and investing among others. Visit Sir VInce's website: www.vincerapisura.com. How to join SEDPI Coop: 1. Join SEDPI Foundation at bit.ly/SEDPIOnlineSRI by clicking “Register” and filling out the form 2. Take the online Pre-Membership Education Seminar (PMES) at bit.ly/SEDPICoopPMES 3. Pay membership fee and initial share capital Simulan ang pagiinvest the socially responsible way sa: bit.ly/SEDPIOnlineSRI Pag-IBIG MP2: * Watch the play list: https://www.youtube.com/playlist?list... SSS Retirement: Watch the playlist https://www.youtube.com/playlist?list... How to invest 100K: https://youtu.be/dxHRZn7uP-4 Celebrity guests include venus Raj (Season 1); Nicole Cordovez and Sinon Loresca (Season 2); Atom Araullo (Season 3) and Porky (Season 4). Smart Parenting Board of Expert

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My out-of-the-ordinary advice is to actually buy your car kapag sila ay 3 to 5 years old na second hand.

Pero 600,000 pesos yung advantage nung nag-ipon compared dun sa nag-loan ng sasakyan.

Mildred and Glenn, saan ang gamit ng sasakyan? Para saan?

Ang sa akin dahil sa necessity, kailangan sa trabaho.

To help her go around. Tapos hatid sa batag.

Did you get it as a loan or as a cash?

Loan siya.

Marami dito talaga, mga OFW lalo na, diba? Ginagamit niya na status symbol.

Hindi mo na kailangan i-announce sa inyong community na ikaw ay umangat na sa buhay, no?

Te-drive mo na lang yung bago mong sasakyan at yun na yun. Parang, oh, look at me, diba?

Hindi mo kailangan. No need to explain.

Ito yung mga dahilan how cars keep you poor.

Unang-una is because of high depreciation.

Pangalawa is yung interest on the car loan.

Mataas din yung repairs and maintenance cost. Mataas pa ang gasolina.

May parking. It's not a productive asset. May insurance ka pang babayaran.

May car washing and detailing.

If you got your car for as a loan, ang mangyayari kasi dyan,

nagbabayad ka ng depreciation, paano ba nagde-depreciate yung car?

To put it on a more graphical, so meron kang 1 million pesos.

So after 1 year, paglabas mo ng casa, 100,000 yung natanggal.

Tapos after 1 year, 150,000 yung natanggal. 750,000 mo na lang siya maibibenta.

After 5 years, 61% of the value of the car is lost.

On the 10th year, ganyan na lang. 83. Tapos scrap metal na yan.

On the 20th year.

My out-of-the-ordinary advice is to actually buy your car kapag sila ay 3 to 5 years old na second hand.

Pero of course, sinasabi ko pa lang, uy wag kayong bumili ng bagong sasakyan.

Hindi naman. Sa inyo pa rin yan.

Tinapakita ko lang, ano yung disadvantage kapag brand new yung binili natin?

Noong dati, mahilig ako sa brand new dahil gusto ko yung amoy ng brand new yung sasakyan.

Tumatagal. Talagang nakakaadig.

Pero lately, narealize ko yung sasakyan ko ngayon, second hand eh.

Pero kumuha ka lang ng low mileage.

You can't afford a car if you can't pay it in cash.

Dito sa Pilipinas, binili mo ng brand new, 1 million pesos.

Tapos nilon mo siya for 5 years.

Yung 1 million pesos, mag-i-interest yan ng 400,000 in 5 years.

So 1.4 million talaga yung ibinayad mo dun sa halagang 1 million.

For example, kikita pa yan ng mga, sabihin na natin conservatively, 150,000 yung tinita niya.

Tapos kapag binili mo pa in cash, may discount ka pa na makukuha sa casa.

50,000 pesos. 200,000 na yun.

Plus meron siyang natipid na 400,000 pesos.

So 600,000 pesos yung advantage nung nag-ipon compared dun sa nag-loan ng sasakyan.

Kaya hindi ko carry ang sasakyan na nilo-loan with interest.

Tapos sabihin nila sa akin na parang, ay, ang hirap kaya kapag magpag-iipunan mo.

Hindi ba mas mahirap yung maglo-loan ka?

Additional 400,000 yung babayaran mo.