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Vince Rapisura 2695: Wag Magpahuli: Filipino Guide sa Financial Planning!
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#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
Vince Rapisura
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Run time: 05:45
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English Summary of Video (AI):
Based on the video transcript you provided, here is a summary of the topics discussed in bullet points:

- The concept of a financial plan as a blueprint for actions to achieve life goals.
- The importance of financial planning in understanding the big picture of one's finances and facilitating better financial decisions.
- Financial literacy in the Philippines with statistics revealing low understanding of inflation, simple and compound interest rates, and budgeting.
- The necessity of financial capability with less than half of Filipinos having a budget, but many of these budgets being more about survival than long-term planning.
- A majority of Filipino adults have financial goals, yet almost half feel that their finances control their lives, with many living paycheck to paycheck.
- Challenges such as a severe illness can quickly push many Filipinos into poverty.
- The presenters sharing their personal experiences with retirement at the age of 31 and how they returned to work driven by passion and seeking happiness and meaning, rather than financial gain.
- The steps in financial planning, including assessing one's financial starting point, setting life goals and priorities, deciding on a timeframe and budget, matching goals with income sources, and implementing and monitoring progress.
- The expected outcomes of the webinar such as a financial health status report, identifying and prioritizing life goals, drafting an initial timeline and budget for the financial plan, exploring potential income sources, and creating action points with a system to operationalize and implement the personal financial plan.

Note: This summary includes only the specific topics discussed within the provided video transcript and excludes instructions or requests for channel subscriptions or social media engagement.


Video Transcript / Subtitles:( AI generated. About AI subtitles » )
00:00.0
Welcome po sa iyong lahat dito sa ating Financial Planning Webinar.
00:05.3
Sir Ed, ano ba yung financial plan na tinatawag?
00:10.0
Yan lang, yung nakasulat na document.
00:12.1
Ito yung blueprint ng mga action natin sa buhay.
00:15.2
Kung baga, kung tayo ay magpapagawa ng bahay,
00:19.2
ay ito yung plano para makamit natin ang mga pangarap natin sa buhay.
00:25.4
Ano ba yung importance ng financial planning?
00:27.7
Makikita kasi natin yung big picture dito pag tayo ay nag-financial plan,
00:32.3
both yung short-term at yung long-term goals natin.
00:35.2
At napapadali ang pagdedesisyon sa pera.
00:38.1
It will make your life easier kung papaano kayo sasagot
00:42.3
doon sa mga taong naungutang sa inyo,
00:46.1
o kaya mangihingi ng pera,
00:48.8
o kaya mag-iimbita ng out of the blue para gumastos
00:52.7
kung ayon ba yan sa plano mo or hindi.
00:56.1
Bakit baka kailangan financial literacy?
00:58.0
42% lang ng mga Pilipino ang nakakaintindi tungkol sa inflation.
01:02.0
Yung knowledge on simple interest rate nananatili lang sa 32%.
01:06.0
So, ang dami pa rin hindi may alam.
01:07.7
Totoo yan!
01:08.8
Ang interest rate, kapag ikaw ay nag-save, nag-i-invest,
01:12.3
o umuutang, karaniwan ang quotation niyan laging nasa interest.
01:16.7
So, dapat alam mo yan, intindihin.
01:18.2
Correct.
01:18.7
Tapos, 30% yung may knowledge on compound interest.
01:23.0
Bukod dyan, Sir Vince, in terms of financial capability,
01:26.1
sabihin natin na 46%, less than half ng mga Pilipino,
01:30.0
yung talagang may budget na iniyahan.
01:32.2
Pero sa totoo lang, yung mga budget-budget na yan ay mas survival siya.
01:37.0
Hindi siya long-term.
01:38.1
80% of Filipino households plan ahead financially.
01:42.1
Pero ang napansin ko dito ay,
01:44.8
sasabi tila na nagpa-plano sila,
01:46.7
pero hindi ganun kapulito.
01:49.6
Actually, yun yung reality.
01:50.8
Tayo mga Pilipino naman talaga,
01:52.7
gusto naman talaga natin umayos yung buhay natin,
01:54.4
nagsisipag naman tayo,
01:56.1
marami lang din talagang challenges na dumadating sa buhay natin.
01:59.8
Kaya, yun yung gagawin natin ngayon.
02:01.2
Paano natin paghahandaan yung mga challenges na yan?
02:04.8
While majority of Filipino adults have financial goals,
02:07.4
almost half of them feel that finances control their lives.
02:11.2
Ang ibig sabihin niyan ay,
02:12.7
parating iniisip ang pera.
02:16.1
May pagka-aburido, may pagkabalisa.
02:19.2
Insecure talaga.
02:20.5
Alam na alam natin na maraming tao yung parang living paycheck to paycheck.
02:25.0
So, in terms of everybody,
02:26.0
sa rainy day na mga pinagawa natin,
02:28.0
ang finances control the respondent's life, 46% ang nagsabi niyan.
02:32.0
They cannot fully meet the cost of living expenses, 41%.
02:36.0
At yung mga nagsabi na they cannot fully meet their current financial obligations, 14%.
02:42.0
Sa rainy day naman, paghahanda sa mga emergency,
02:46.0
current finances or savings would not last, 46%.
02:50.0
Tapos, giving an occasional gift strains monthly finances, 28%.
02:55.0
Oo.
02:55.9
Sa mga tao kasi, gusto naman din talaga natin na maging generous.
02:58.9
Correct.
02:59.9
And to be kind, to be thoughtful.
03:00.9
Diba?
03:01.9
Pero hirap talaga.
03:02.9
Oo.
03:03.9
At sa totoo lang, kung nandun ka sa position na mas gusto mo yung ikaw yung nagbibigay
03:06.9
kaysa ikaw yung binibigyan.
03:08.9
Sa totoo lang.
03:09.9
Actually, alam niyo po, dito sa Pilipinas, ang sabi ay 90% of Filipinos,
03:17.9
isang malubhang pagkakasakit lang ang kailangan, magiging mahirap na talaga.
03:24.9
Ano naman yung karapatan natin sa pagchichika-chika dito tungkol sa financial planning?
03:29.9
Ipiflex lang namin ng kaunti.
03:31.9
Kami po ni Edwin ay meaningfully and productively financially retired at 31.
03:38.9
Si Edwin, ishi-share niya nung sinubukan niyang mag-retire.
03:42.9
Oo.
03:43.9
Nag-retire ng 31 for a few years.
03:46.9
Talagang walang ginagawa halos.
03:48.9
At nakakalungkot at nakakatamad yung buhay na walang ginagawa.
03:52.9
Especially when you're still very young.
03:54.9
So what I decided is after a few years, I went back to working.
03:59.9
Pero working kung ano na lang yung passion natin sa buhay at kung ano yung nagbibigay ng meaning sa ating mga ginagawa.
04:06.9
Hindi na yung katulad nung dati na you really want to work dahil mas malaking pera ang gusto natin.
04:12.9
Oo. So ang chine-chase na niya ngayon ay happiness, hindi na pera.
04:16.9
And meaning.
04:17.9
Yung aming mission statement, to be happy and to be an instrument of happiness.
04:22.9
Ito po yung ating steps in financial planning.
04:24.9
The first one is we have to take a look at your financial starting point.
04:28.9
At servings ay caution lang.
04:30.9
Sometimes yung financial starting point natin ay talagang hindi gano'ng kaganda pa.
04:34.9
Maganda na alamin natin kung ano yung mga sakit natin financially para magawa natin ang paraan at masolusyonan natin.
04:41.9
Correct.
04:42.9
Para itong nagpa-doktor tayo pero hindi natin sinabi sa doktor kung ano yung talagang nararamdaman natin na hindi tayo magagamot.
04:49.9
Hindi tayo gagamot.
04:50.9
The second step is ano yung...
04:51.9
Magsiset tayo ng life goals natin at saka ng mga priorities.
04:55.9
And then magde-decide tayo ng time frame at saka ng ating budget.
05:00.9
And then ima-match natin yung life goals natin with our source of income.
05:04.9
And then i-implement na natin at ima-monitor na natin ang ating progress.
05:08.9
Ano yung mga outputs naman natin for this webinar?
05:11.9
Unang-una, Sir Vince, ang magiging output is financial health status report.
05:15.9
They have already identified and prioritized their life goals.
05:20.9
By then, maka-craft na nila yung initial timeline and budget para sa kanilang financial plan.
05:24.9
And then, mag-eexplore din tayo ng possible sources of income.
05:29.9
And then finally, makagawa tayo ng action points at makapag-set up tayo ng system para ma-operationalize at ma-implement ang ating personal financial plan.


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