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00:00.0
So, gagawin na po natin ang ating personal finance diagnostic.
00:06.7
Una, do I have a financial plan?
00:10.6
Kung yes, yung sagot nyo is give yourself one point.
00:13.7
Meron ba kayong malinaw na purpose para sa bawat life goal or financial goal ninyo?
00:19.8
Yung inyong mga life goals or financial goals ay may nakapriority.
00:25.4
Each financial goal has a budget and time frame when this will be achieved.
00:29.4
Kung gusto mo magpatayo ng bahay, 5 million pesos in 5 years.
00:34.5
The budget items have assigned source of income.
00:38.0
Saan mong gagalit?
00:38.6
May action plan in place for each source of income.
00:41.8
Ano yung plan of action ko?
00:42.9
One point each for every step of the financial plan for a total points of 5.
00:48.4
Itatrack nyo po ang inyong score.
00:51.4
Kanya-kanya po tayong tracking ng score dito.
00:55.0
Kaya, honesty is the best policy.
00:59.4
Here's the last question.
01:00.6
Does my net worth match its prescribed level, given my age?
01:07.1
Ang net worth natin, eto yung assets.
01:10.1
Yung assets natin, minus yung liabilities.
01:12.9
Sa iba service sinasabing na tawag dyan ay equity.
01:15.6
Sa salen ninyo, nandun na yung net worth.
01:17.7
Yung net worth natin, aisyeng pagmamayari ko, what you own.
01:21.9
Yung sa'yo talaga.
01:23.1
Kasi meron tayo na prescribed amount na dapat eto na yung meron ka base sa edad mo.
01:28.8
Na net worth na araw.
01:29.4
Yung assets natin, equals liabilities plus net worth.
01:33.0
What you have, assets, these are stuff with you, equals liabilities, pagmamayari ng iba yan.
01:39.8
Yung net worth, pag tinanggal mo yung liabilities sa assets, yun yung matitira.
01:44.1
Bigyan natin ng example. I think ang malinaw na example dito, Sir Ed, ay bahay.
01:49.1
Kunwari ikaw ay may bahay na worth 10 million pesos.
01:54.7
Tapos, ito ay inutang mo.
01:56.1
Nag-down payment ka ng 2 million, tapos nakapagbayad ka na rin ng worth 1 million pesos.
02:01.6
3 million na yung net worth mo kasi 7 million na lang yung natitirang liabilities.
02:08.8
10 million minus 7 million na liabilities mo pa, yung pagmamayari mo lang talaga dun sa 10 million na bahay na yan ay 3 million.
02:19.1
Meron tayong net worth estimate multiplier.
02:22.6
Ilang taon ka na, Sir Ed?
02:25.2
So, ang net worth multiplier niya ay 54.
02:30.1
Ako naman po ay 35 years old pa lang.
02:33.1
Ang net worth multiplier ko naman ay 24.
02:36.5
Ang gagawin natin dyan ay, inumultiply natin yan by our monthly expenses.
02:44.9
So, kung ang monthly expenses mo, magkano?
02:50.1
Kung pareho kaming 50,000.
02:56.4
2.7 million na dapat yung aking net worth.
03:01.6
Ako naman, dahil ako ay 35 years old pa lang, kung 50,000 din, 50,000 times 24,
03:12.4
ang sa akin lang, ang net worth ko lang na target ay 1.2 million pesos.
03:19.2
Kaya, kung hindi nyo nagawa ang inyong SAL-N at ang inyong MIMO,
03:24.6
o gumagaling ito,
03:25.2
ito kayo ngayon dyan.
03:30.7
Pero yung mga nakagawa, nako, ito na, ma-assess na nila ang kanilang kalagayan.
03:37.0
Kapag advance yung net worth mo, magkano yung required sa'yo?
03:42.0
Eh, ang actual mo ay more than, kung pari, 4 million pesos.
03:46.3
Or advance yung net worth mo dyan.
03:49.1
Pero kung halos pareho lang, kung pari, 2.7, nasa 3 million ka, halos pareho lang yun.
03:57.2
5,000 lang yung net worth mo.
04:00.2
Kasi behind yung iyong net worth.
04:04.2
Sir Vince, ito naman tinatanong dito sa atin.
04:06.2
Do I have adequate emergency savings?
04:09.2
Supposedly, para pumasagot natin ito, dapat meron tayong emergency savings na equivalent to 9 months of our expenses.
04:16.2
It should be liquid, ha? Cash or near cash investments yan.
04:22.2
And this should only be touched.
04:24.2
Only in matter of life and death situations.
04:28.2
Unexpected, necessary, and urgent.
04:31.2
So ang i-admin nyo, yung cash, regular savings, at saka yung time deposit.
04:37.2
Kasi usually, yung mga emergency savings natin ay nakalagay dyan.
04:43.2
Pag na-add nyo na siya, ang gagawin nyo ngayon ay i-divide nyo siya by your expenses.
04:52.2
Kunwari, ang monthly expenses mo ay 50,000 pesos.
04:57.2
Tapos ang savings mo ay 300,000.
05:00.2
So 300,000 divided by 50,000, nandito ka sa 4 to 9 months.
05:06.2
So you get 5 points.
05:09.2
Do I have adequate insurance coverage?
05:12.2
Kung wala kayong pendens, ang kailangan kayo ay, ano yung pendens?
05:16.2
Dependent na kayo. For example, may ata na mga tabi.
05:20.2
Below 1 years old.
05:21.2
Or meron kang parents na retired na or senior na.
05:27.2
At kailangan talaga nila umasa sa'yo para mabuhay.
05:32.2
Kung wala kayo nun, ang kailangan nyo lang po talaga ay medical insurance equivalent to 1 year of your income.
05:39.2
Optional lang po na magkaroon ng life insurance equivalent to 3 years.
05:44.2
Pero kung meron ka nun ng medical insurance equivalent to 1 year of your income.
05:48.2
Kapag meron kayong dependents,
05:49.2
ang dapat na meron kayo ay medical insurance equivalent to 1 year of your income.
05:55.2
Plus, meron din kayong life insurance na term equivalent to 10 years of your income.
06:02.2
Kasi nga may dependents.
06:04.2
Ang titignan natin, kayo ba ay may 100% coverage, 50 to 99% coverage, or less than 50% coverage.
06:13.2
10-5-0 ang score dyan.
06:16.2
Wala akong dependents.
06:18.2
Ang monthly income ko ay 50,000.
06:21.2
So 50,000 times 12, 600,000 pesos.
06:26.2
Dapat meron akong medical insurance na kayang i-cover yung 600,000 pesos.
06:32.2
Eh meron lang akong HMO at ang coverage ng HMO ay 200,000.
06:40.2
So 200,000 pesos divided by 600,000.
06:47.2
Nandito tayo sa less than 50%.
06:52.2
Kailangan magdagdag ka.
06:55.2
Nagkaroon ka na may medical insurance ka na from your company.
06:59.2
Ang gawin mo, magdagdag ka.
07:01.2
Number five, am I not overburdened with debt?
07:04.2
Ang titignan natin dyan, solvency.
07:06.2
Assets divided by liabilities.
07:09.2
It should be greater than 150%.
07:12.2
Yung debt to service ratio, yung monthly debt payments divided by monthly income,
07:16.2
should be less than 20%.
07:19.2
So talaga kailangan mag-compute service.
07:21.2
At saka kailangan talagang magawa yung SAL and MIMO.
07:25.2
At yung utang, ginamit mo for productive purposes.
07:28.2
Kung na-meet mo yung greater than 150% na solvency ratio at less than 20% na debt service ratio,
07:36.2
you get the full 15 points.
07:38.2
Pag in between 120 to 150 solvency, 21 to 50 debt service, that's 10 points.
07:44.2
Kapag less than 120% ang solvency ratio mo at greater than 50% yung debt service ratio mo, zero.
07:51.2
Ano bang ibig sabihin kasi yan?
07:53.2
Yung debt service ratio muna.
07:55.2
Imagine mo naman kung kalahati ng iyong kinikita ay pinambabayad mo sa utang.
08:06.2
Yung solvency kasi dapat mas marami kang assets kaysa sa utang mo.
08:12.2
Kaya dapat greater than 100%.
08:15.2
Kaya ang gusto nga natin ay 120 at least yung pinaka-minimum.
08:20.2
And then 150 and up yung mas gusto natin.
08:23.2
Kung wala kang utang, carry.
08:27.2
Does my budget include insurance, savings, and investments?
08:30.2
Ito po yung ating 5, 15, 20, 60 budgeting rule.
08:34.2
Kung fina-follow nyo yung 5, 15, 20, 60 budgeting rule all the time at the minimum 10 points yan.
08:40.2
If you're striving to do it,
08:43.2
Kung hindi ka ma-follow talaga yung budgeting rule natin ng 15, 20, 60, 0 points.
08:48.2
Do I know the value of all my personal assets?
08:52.2
Ano ba yung asset mo?
08:59.2
Kaya magtingin kayo kung ano yung mga assets nyo.
09:01.2
Sapat alam ninyo yan.
09:02.2
Based on market value and not acquisition cost.
09:06.2
Kunwari bumili ka ng cellphone.
09:09.2
50,000 mo nang binili.
09:10.2
Eh, 3 years na to.
09:11.2
50,000 pa rin ba to?
09:15.2
Siguro ito mga nasa 15,000.
09:17.2
May mga assets kasi tayo na nag-de-depreciate.
09:20.2
May mga assets naman na nag-appreciate.
09:23.2
O, ito, ito, ito.
09:25.2
O, pakita mo rin yan sa iyo.
09:28.2
Bigyan niya yan sa akin 19 years ago.
09:32.2
Di ba niya pinapalitan?
09:33.2
Ay, pinalitan niya na pala 10 years ago.
09:39.2
Ang sakit sa kamay.
09:41.2
Sabi ko, ay, dito lang ko sa luma.
09:42.2
Anyway, nabili mo for example ng 10,000 pesos 20 years ago.
09:48.2
Ngayon, baka 40,000 pesos na siya nag-a-appreciate.
09:52.2
Kaya dapat sa market value natin siya tinitingnan.
09:56.2
Tapos yung value ng SSS contribution natin at saka value ng company pension or retirement benefit.
10:07.2
That's my age matched to the prescribed financial life stage.
10:11.2
Passive income divided by your monthly expenses.
10:16.2
Nasa money in, money out.
10:18.2
Eh kung wala mo tayong passive income, huwag na tayong mag-compute.
10:24.2
Zero na yun, di ba?
10:26.2
Yan yung titignan natin.
10:28.2
So, kunin nyo yung rate tapos titignan nyo dito.
10:31.2
Ikaw, Edwin, 45 years old ka di ba?
10:36.2
50% na yung passive income as percentage of expenses mo.
10:40.2
Ako naman, dahil ako ay 35 years old, 30%.
10:44.2
Does my age match the prescribed financial life stage?
10:48.2
Kung advanced, tayo, 20 points yun.
10:51.2
Kung nagmamatch, 10 points.
10:53.2
Kung below, 0 points.
10:56.2
Have I invested in myself to improve my financial knowledge and skills?
11:00.2
Ibig sabihin yan, sir. Ano ba yung mga pwede mong gawin?
11:03.2
Ayun, ayun, umated ng training at seminar.
11:05.2
O di ngayon na yan.
11:06.2
Sige na, bigyan na natin yan.
11:08.2
Binasa nyo yung libro ko.
11:10.2
Pagkilala kayo sa mga tao na marunong sa pera.
11:13.2
You do your business or financial research.
11:17.2
So, ang gagawin nyo ngayon, ito, total nyo yung score.
11:19.2
Ang maximum score po dito ay 100 points.
11:23.2
96 to 100 points.
11:25.2
Very high ang inyong financial literacy level.
11:28.2
You have a sizable amount of portfolio that generates passive income.
11:36.2
Mainam pa rin yan because you have high financial literacy level.
11:39.2
Kaunti na lang at talagang on your way na to financial success.
11:44.2
So, you're able to manage your income and expenses carefully.
11:48.2
Kapag 51 to 75 points ang nakuha ninyo,
11:52.2
kayo ay average, yung inyong financial literacy level.
11:55.2
You live from paycheck to paycheck.
11:58.2
Hindi naman sinasabi na hinuhusgaan na agad.
12:00.2
Base sa mga sinagot ninyo, most probably.
12:03.2
Ito yung inyong kalagayan.
12:06.2
Kapag 26 to 50, naku, poor na yan.
12:09.2
Usually, you struggle to make ends meet.
12:13.2
Yung sunod, 0 to 25, pray over na.
12:16.2
Pray over natin yan.
12:18.2
Very poor financial literacy level.
12:20.2
You may be in the midst of bankruptcy.
