Ito na!!! ang tunay labanan ng Magastos VERSUS Kuripot! Sino ka dito? Discover the ultimate showdown between frugality and overspending in our latest YouTube video, "Frugal vs. Spendthrift: Battle of the Wallets"! Dive deep into the contrasting lifestyles of those who prioritize saving every penny versus those who indulge in lavish spending. Uncover the secrets behind frugal living, including budgeting tips, smart shopping strategies, and minimalist mindsets, and contrast them with the pitfalls of overspending, such as debt accumulation and financial insecurity. Whether you're a penny-pincher or a big spender, this video offers valuable insights to help you navigate your financial journey more effectively. Tune in to learn how to strike the perfect balance between saving and splurging for a brighter financial future! Dito makakatulong kami sa aktwal na paglago mo bilang iponaryo, join us sa THE YAYAMANIN LIFE GROUP! https://tylph.com/?utm_source=youtube #chinkeetan #theYayamaninLife #TYL #Finances #DebtFre

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Kapatid, malu ka ba o kuripot?

And that is what we're going to talk about in this episode.

Videos that will make you wealthy and debt-free.

Hi there, this is Chinky Tan, your Pambansang World Coach.

And for today, we are going to talk about the psychology of money

that revolves on two things, two sides of the coin,

extravagance and frugality.

Pag-usapan po natin two approaches,

the significance, strategies, at the same time,

how can you be frugal and still

to not compromise your quality of life, di ba?

Alam niyo mga ka-friendship, no?

Ka-Iponario, yun ang isang major discussion.

Ako ayaw ko makinig talaga kay Chinky Tan

kasi pagka nakinig ako kay Chinky Tan,

di na ako mag-Starbucks,

hindi na ako magbe-byahe,

di na ako kakain sa labas,

di na ako makakabili ng mga gusto ko.

That is completely the opposite of what I'm doing.

I still go to Starbucks

I still also go to Coffee Bean, di ba?

Ako naman, bumibili rin ako ng mga damit,

sapatos, bumabiyahe rin ako.

So in other words,

mali po yung perception

pag ikaw ay kuripot,

hindi ka na kailangan mag-enjoy.

But before we talk about that,

let's talk about first,

ano ba yung maluho?

Or if not naman, extravagance.

Ano ba yung ibig sabihin?

It's a spending mindset that focuses on

indulging.

Indulging on the things that you cannot really afford.

You do not really need,

but you just only want.

With the money that you do not have.

Kadalasan po nyan,

well, I have nothing against people buying good stuff.

Who doesn't like good stuff?

Ang issue lang naman eh,

kung may pera ka o wala.

Kung wala tapos,

extravagant ka pa,

pakita ang tao,

yung what immediate gratification.

So, doon ka nagkakaproblema.

And then,

paano malaman na medyo extravagant ka na?

Number one is, yun nga,

masyado kang impulse buying,

kahit na ang income mo ay

pang minimum

ang gastusin at galawin mo

pang maximum.

You have the tendency to live the lifestyle of the rich and the famous.

So, yun yung isang nagiging issue.

Bakit ba talaga may mga taong ganun?

Probably, it's a mindset or a belief that material,

possession or experiences

are very important

or the primary source of happiness and fulfillment in life.

Kung, yun nga,

minsan kasi nakukuha nila yung fulfillment

sa ganung klaseng mga bagay eh.

Pero ano po yung nagiging negative outcome?

Nang excessive,

excessive extravagance,

it can also bring you to excessive debt

and allow you to live a financial stressful life

and wala.

Wala ka talagang naiipon.

So, yun po yung nangyayari po pang sumubra.

On the other hand naman,

yung kuripot,

yung makatuwirang kuripot

or let's say frugality,

ito naman, it emphasizes on

careful budgeting,

careful planning,

prioritized savings

or

you are becoming a responsible money manager.

Yun po.

Para sa akin,

ang kuripot hindi ibig sabihin yan eh,

tinitipid mo masyadong sarili mo,

makatuwiran,

di ba?

Ika nga responsable ka.

And then,

ito ay sinasalamin din yung mga spending decision mo,

you avoid unnecessary expenses

and you seek something that is valuable in your life.

Yung parang ano ba mahalaga sa'yo?

Again, like for example,

on my end,

kuripot ako pagdating sa mga sapatos,

damit, gamit.

Pero pagdating naman,

for me ah,

sa pagtulong sa kapwa,

hindi ako,

nagtitipid.

Oo.

Parang minsan nga sa dalang buhay ko,

hindi ko pa nga nabili yung isang ganitong kalaking gamit

for my personal use,

pero pag may mga taong lumapit sa akin

at humingi ng tulong

at may kakaya na naman ako,

eh, tumutulong ako.

Di ba?

And then,

bakit ka nagkakaroon ng klaseng ganitong mindset?

It's because,

yun nga,

ang paniniwala ko,

yung simpleng pamumuhay,

yung living below your means

is

an important thing.

Again,

it's not how much money you make,

it's how much money you spend.

Importante po yan.

And then,

para sa akin,

napakahalaga po

kung bakit ako nagiging

responsible

because I want to have

peace of mind in the future.

So, ano po nagiging,

ano nyan,

benefit?

Ang nagiging benefit niyan,

kung ganito ka mag-isip,

yung makatuwiram,

makuripot ka,

it would lead to

financial responsibility,

will lead you to financial stability,

it would lead you to financial stability,

financial peace,

you will have less debt

or no debt,

and you'll be able to achieve

your long-term goal.

Diba?

Kaya nga,

it's very important

na

maging makatuwirang

makupit-kuripot tayo.

Kaya nga,

I want you to ask yourself right now,

ikaw,

na nakikinig at nanonood sa akin ngayon,

sa palagay nyo,

ikaw ba ay malubo

or makatuwirang

kuripot?

Diba?

Ang tanong naman,

para sa mga tao naman,

well, eh, Chinky,

I think I fall under the line

na medyo maluho.

So, how do I develop frugality

without compromising my quality of life?

Ito na lang,

para mas mag-gets nyo,

ang unang kailangan natin nang gawin is

know what you want in life.

Set your financial goals.

Para sa'yo ba,

anong mas mahalaga?

May mga iba,

mahalaga mag-travel.

May mga iba,

mahalaga yung pagkain.

May mga iba,

mahalaga yung future.

Ako, kung tatanungin mo,

ang pinakamahalaga sa akin

is the future.

Okay,

yung parang gusto ko

pagdating ng panahon

na wala na akong problemahin sa pera.

Kahit na magretiro ako,

may pumapasok ko rin pera.

So, for me,

that is the quality of life

that I want.

So, if I have that quality of life,

dapat gumagawa na ako

ng mga steps

as of right now

on how will I be able

to save the money.

And then,

not only save,

but how much.

How much should I

be able to earn

on a monthly basis?

In order for me

to live that lifestyle.

So, sample lang.

Sample lang.

Sinabi mo,

a hundred thousand pesos

a month,

passive income.

So, right now,

from today

up to the day

that, ano nga,

you want to retire,

dapat gumagawa ka na ng plan

and strategies

na magkakaroon ka sana

ng one hundred thousand

passive income

habang ikaw ay bata pa.

Why?

Because the moment

that you hit the

hundred thousand pesos

passive income,

you can already

start preparing

for your retirement.

So, let's say,

kumikita ka na ng

one hundred thousand pesos

a month,

yung whether you work

or not, ha,

at the age of 30,

pwede ka na mag-retire.

Or at the age of 40.

Why kill yourself,

diba,

if you can already

retire early

and enjoy?

Ang problema lang kasi

minsan, yun nga,

hindi masyadong clear

ang financial goals natin.

Kahit na tinamaan na natin

yung one hundred thousand,

we still keep on working.

And the sad part is this,

the sad part is

we use all our

health to gain

all the wealth

in our lives.

At the end of our lives,

anong ginagawa natin?

We use our wealth,

our money,

to gain back our health.

And I don't want that

to happen to you.

So, number one,

alamin mo muna

kung ano mahalaga sa'yo.

Number two,

para makaibong ka talaga

ng pera,

prioritize.

Prioritize talaga

needs versus wants.

Alamin mo muna.

Alamin needs,

mga kailangan,

wants,

yung mga kagustuhan.

Sacrifice ka muna,

especially when you are

starting.

So,

and then after that,

importante po

yung tinatawag nating

reward yourself.

Oo.

Pagka na-achieve mo na,

parang di naman

makompromise yung

quality of life mo.

Let's say may na-achieve ka na,

meron ka ng tinatawag

sa budget mo na

yung

party fund

or

reward fund.

So, out of your income,

probably can set

5%,

10%.

Nasa'yo yan,

kung anong gusto mo.

Diba,

habang kumikita ka,

may nasa-set aside ka

para mag-enjoy ka naman.

Wala namang masama yun.

And then,

kung gusto nyo talaga

na makaipon pa talaga,

then frugal lang,

simple lang talagang buhay mo,

you try to embrace

minimalism.

Ang ibig sabihin po nyo,

try to declutter your life.

Ang pinaka-best

siguro yun na experience

nung March 2020

nung nag-lockdown

ng 3 months,

we did not eat out,

we did not go out,

we did not buy new

clothes,

new shoes,

and

yun nga,

buhay pa rin tayo.

So, in other words,

if you embrace

minimalism,

mas marami ka talaga

maiipon.

And pinaka-best part yan talaga

kung gusto nyo talagang

maging makatuwirang

kuripot,

ito yung pinaka-best

na pwede kong iiwan

sa inyo today.

Avoid

what we call as

lifestyle inflation.

As your income grows,

importante po ito.

Resist the temptation

of increasing

your standard of living

and spending.

Otherwise,

ito yung gawin mo.

Try to increase

your standard

of saving

and investing.

Grabe yan.

If you do that,

mag-e-enjoy ka na,

oo,

may ipon ka pa.

Anong ibig ko sabihin?

Imagine mo,

pag ikaw ay

kumikita ngayon

ng 5%,

5%,

and 90%,

di ba?

Yun ang formula mo,

5% savings,

5% investment,

90%,

ang gastos mo.

At 20,000 pesos,

90% of expenses,

it's around

18,000 pesos.

Let's say,

you increase your income.

So, gawin mo ng

5, 10, 85.

You increase again

your income 10, 10, 80.

You increase again

your income 20, 20, 60.

You increase again

your income 20, 30, 50.

Let's say,

you're able to increase

your income

from 20,000 pesos a month

to 100,000 pesos a month.

Mas malaki na

ang 100,000.

Agree?

So, ang gagawin po natin,

instead na 5, 5, 90,

ano na kung pisa ka,

gawin mo ng

20, 30, and 50%.

20% savings,

30% investment or business,

and then 50%

ang i-e-spend mo.

Parang,

chinky.

Grobe naman.

50% na iiwan ko

para sa matitira

compared to 90%.

Laki naman na kalta sa akin.

Pero, tignan mo naman to.

What is 90% of 20,000?

18,000 pesos.

What is 50% of 100,000?

50,000 pesos.

Anong mas malaki?

50,000 or 18,000?

Common sense.

Mas malaki ang 50,000.

Even na tinaasan mo ng

20% savings,

30% investment,

50% spending,

ang good news nang

enjoy ka na sa buhay.

You did not,

what do you call this,

compromise the quality of life.

Pero,

nasabayan mo,

tinaasan mo yung savings mo

and investment mo.

Grabe naman talaga, no?

So,

conclusion,

tignan nyo naman.

At nagugustuhan nyo ba ito?

Nagustuhan nyo ba itong

sheneriko sa inyo

right now?

Increase your standard of earning,

increase your standard of saving

and investing.

By cultivating

this frugal mindset,

itong psychology

of money.

Alam mo,

you're going to

number one,

enjoy life,

the quality of life

that you want to live.

Plus,

magkakaroon ka ng

financial responsibility.

In the process,

you are going to achieve

financial stability.

You're able to achieve financial stability.

You're able to pursue your goals,

find contentment

with a more balanced

approach to money.

Maganda ba?

Kung maganda ba,

pakitype maganda lang

sa comment section.

That's the reason why

I just want to encourage you

to keep on supporting

this podcast channel.

I-share nyo rin tong podcast episode

to your friends

so that they may be enlightened.

Walang masama

na maging makatawirang

kuripot.

So, di ba?

Tatandaan

to every problem,

there's always a solution.

If you're not part of this,

you're not part of the solution.

You're part of the problem.

Always.

Change positive.

Bye.

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the official policy

and position

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and are not intended

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or anyone or anything.

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bago maging libo-libo

libo-libo

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ah!

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sumali na

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mag-ipol

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