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00:00.0
mayroon tayong natatanging panauhin ngayong episode na ito.
00:06.3
At excited akong ma-interview siya.
00:09.7
Kasi pag pinapanood ko yung mga videos niya,
00:12.7
ay marami akong sabi ko,
00:14.6
pareho kami ng thought process ng ating susunod na guest.
00:21.3
At ito nga, na-featured kami pareho
00:25.9
dito sa 10 Essential Filipino YouTubers and Podcasters
00:33.2
to get your finance together sa Esquire Magazine.
00:37.9
So na-interview na natin si Charm last month.
00:40.8
Ngayon naman ay makakasama natin si Mr. Fitz Villafuerte.
00:47.1
Ayan. Hello sa iyo, Fitz. Welcome.
00:54.3
And magandang araw sa lahat ng mga nanonood sa atin.
00:59.6
Nakikita ko sa comments from all over the world talaga.
01:04.2
And finally, nagkakwentuhan na tayo.
01:08.5
And I'm very excited to share sa community mo
01:12.4
yung mga thoughts and insights natin about personal finance.
01:17.1
Oo. So bago tayo pumunta dun sa personal finance,
01:19.7
actually, binasa ko yung website mo sa Ready2B.
01:25.1
At nakita ko itong graph na ito.
01:27.6
Napaka-interesante kasi nung graph na ito ay ngayon.
01:31.4
Yung graph na ito ay ayan.
01:33.9
Sabi niya, sabi mo, you want more time.
01:37.8
You want more time in your life.
01:39.9
Pakiexplain nga ito.
01:41.1
At bakit mo sinabing dati na ikaw ay corporate slave?
01:48.0
Civil engineer by education.
01:50.2
So first few years of my life,
01:54.3
I was a civil engineer in an office.
01:58.3
And syempre, very idealistic tayo pag bata tayo
02:01.1
na gusto natin umaman kaagad.
02:03.7
And syempre, isa sa mga naisip ko nun is
02:07.7
kung gusto kong umaman,
02:09.2
kailangan ko pag-aralan yung finances ko.
02:12.5
And ito, graph na ito, as a corporate slave,
02:15.7
ang napapansin ko dyan,
02:17.2
Oo nga, meron akong income.
02:21.4
Ang challenge, syempre,
02:23.1
ang unang-unang challenge talaga,
02:24.3
is dapat mas mababa yung expenses natin.
02:26.8
Pero, yung oras kasi,
02:29.8
yun yung nakikita ko dahil,
02:31.8
syempre, pag nag-o-officina ka,
02:33.4
whole day ka lang nasa office.
02:35.8
And kapag kulang yung trabaho mo,
02:39.8
yung oras ng trabaho mo,
02:40.9
syempre, may kaltas din sa sweldo yun.
02:44.3
this is where I am right now.
02:47.2
Ano ba yung gusto kong maging end point?
02:50.1
I think very important talaga,
02:51.7
di ba, whole setting.
02:53.6
pag alam natin kung ano yung goal natin,
02:56.9
then doon tayo makakaisip ng strategy
02:59.1
kung paano natin ma-achieve yun.
03:01.9
So, doon lahat nagsimula yun.
03:05.5
Dinescribe ko kung ano yung current situation ko.
03:08.7
So, ganito ako ngayon.
03:10.4
So, nakikita ko doon.
03:13.4
Gano'ng katagal na, quote-unquote,
03:17.0
naging corporate slave?
03:19.9
Mga six years, six and a half years.
03:26.9
Interesting kasi,
03:28.8
nako, civil engineer pala itong si Fitz.
03:31.5
Kasi nasa ano kami ngayon?
03:32.7
Nasa socialized housing kami ngayon.
03:35.9
May project kami sa...
03:40.0
Baka meron kang mga thoughts dyan.
03:46.2
ay ano ka din, ano?
03:53.1
Nag-quit ka ng iyong work.
03:56.7
ikaw ay nagpunta sa freelance, no?
04:00.7
So, ano-ano ba yung mga freelance na ginagawa mo?
04:05.0
During that time,
04:07.0
ang naisip ko kasi is,
04:09.4
based doon sa unang graph, no?
04:11.6
Gusto kong itaas yung income ko,
04:15.4
limited yung income natin from our work, di ba?
04:18.7
Hindi naman tayo buwan-buwan
04:20.6
nabibigyan na increase, no?
04:23.5
the other way that I can increase my income
04:26.7
is doing freelancing.
04:29.7
during that time,
04:30.5
hindi naman tayo pwede mag-resign kagad.
04:34.2
So, I did freelancing.
04:37.0
ang advice kasi sa akin noon,
04:39.5
do something that you are already
04:41.9
passionate about or interested in
04:44.2
or meron ka na rin core competency.
04:48.3
during that time,
04:49.8
it started in college,
04:51.5
I was already interested
04:55.9
ang una kong freelancing
04:58.2
software and web design.
05:01.2
Kasi, ano na yun?
05:02.6
First, nang galing yun sa hobby ko,
05:04.7
so medyo geek tayo noon.
05:07.6
Aside from video games,
05:11.1
nag-design ako ng mga website
05:13.1
at saka nagpo-program ako
05:14.9
ng mga simple software.
05:17.7
So, yun yung una kong venture
05:19.4
into freelancing.
05:21.2
May mga friends kasi,
05:23.1
kaya ako na mga software developer,
05:25.6
mga dorm-mate ko nung college,
05:28.6
and mga naging kakilala ko na rin
05:32.6
sa College of Engineering
05:33.9
who are also into web designing.
05:36.8
During this time kasi,
05:38.6
ano pala ang pasikat pala
05:39.7
yung mga personal websites?
05:43.4
Kasi during that time,
05:46.6
mga search engines lang,
05:48.7
Hindi pa nga masyadong sikat
05:50.3
ng Google noon eh.
05:53.1
yung mga businesses,
05:55.4
hindi pa normal na mayroong website
05:57.5
yung mga businesses.
05:58.5
So, doon ako nag-freelancing
06:04.5
nadagdagan talaga yung cash flow ko.
06:07.2
But on that note naman,
06:12.0
nawalan ako ng free time.
06:13.5
Kasi yung waking hours ko,
06:15.6
a portion of it is sa earned income.
06:18.1
So, yung free time ko usually after work
06:20.5
and most of my weekend,
06:23.1
nag-spend ngayon yun
06:25.0
sa freelancing ko.
06:28.3
it's a good start.
06:29.8
Kaya nga, jump-starting yun sabi ko.
06:31.9
Kasi, simula na to.
06:34.4
I think this is a good start
06:37.7
and also a good problem.
06:40.3
Parang pag bagong gupit ka,
06:42.0
di ba, meron talaga stage na parang pangit
06:44.0
bago siya gumanda.
06:46.8
yan yung aking jump-starting phase.
06:51.7
Pero serious lang ako dito sa,
06:53.0
so, nag-freelance ka
06:55.8
pero mas malaki pa rin yung earned income mo.
06:59.2
nandun ka pa rin sa corporate work mo.
07:04.1
So, pinagsasabing ko.
07:09.1
kinain talaga yung waking hours ko.
07:13.7
meron pa rin akong 9 to 5 na work.
07:16.2
Tapos, after work,
07:18.6
doon ako sa freelancing income ko
07:20.4
and which also includes
07:23.0
Holidays and weekends.
07:25.0
And para sa akin nga,
07:27.4
I think this is a small sacrifice at the start.
07:31.7
Siyempre, nagsisimula tayo
07:33.1
and hindi naman kasi pwede mag-resign lang basta-basta, di ba?
07:37.0
Dahil yung freelancing,
07:40.1
hindi stable yung income mo.
07:44.8
Lalo na kung nagsisimula ka pa lang.
07:46.5
Wala ka pang client list,
07:47.9
wala ka pang long-term projects
07:49.6
and you're still probably,
07:53.0
upskilling, di ba?
07:54.8
Yung in-improve mo pa yung skills mo.
08:00.1
is to continue working in the corporate world.
08:04.8
ang goal ko na noon
08:06.2
was not to get promoted in the office.
08:09.4
Ang goal ko na noon was
08:12.3
my freelancing income?
08:16.3
transition from being an employee
08:20.9
full-fledged freelancer?
08:25.2
pag nag-iba yung mindset mo,
08:27.4
biglang, ano eh, biglang
08:28.6
mag-iiba rin yung
08:30.3
naiisip mong kailangan mong gawin everyday.
08:33.5
Nag-iiba rin yung daily goals mo.
08:38.0
Okay. Tapos dito,
08:39.6
ayan na, eto na yung
08:40.8
eto na ba yung ano mo,
08:42.7
yung current situation?
08:46.4
So, nawala na yung
08:47.5
corporate being slave,
08:50.2
yung sa earned income.
08:51.3
So, meron na tayong
08:52.6
passive income. Pero mas malaki pa rin talaga
08:54.7
yung freelance income natin.
08:59.1
I started my blog
09:03.5
or I shared this story
09:07.2
So, during that time,
09:09.3
this was where I am
09:11.4
and paano ko na-achieve yung
09:15.3
Kasi, it all started
09:17.5
also with freelancing dahil
09:19.4
na-realize ko I am
09:22.6
I was able to get a long-term
09:25.4
project. Tapos yung contract
09:27.1
ng project, equal na rin
09:31.3
one year's worth of my salary.
09:33.5
So, sabi ko, this is a sign that
09:35.3
I can actually quit my job.
09:39.4
able to land that type of
09:41.4
project during my free time,
09:43.5
what more kung full-time akong
09:44.8
freelancer? So, nag-resign
09:49.3
syempre pagka-resign ko,
09:51.2
biglang dumami yung
09:52.6
free time ko, sabi ko ngayon
09:55.0
and a friend actually suggested
09:58.8
maging complacent.
10:01.6
Yes, I can be a full-time
10:02.9
freelancer, but how does
10:05.2
being an entrepreneur
10:06.4
sound like? So, sabi ko,
10:08.6
kasi papaguring ko rin
10:14.8
naging full-time freelancer ako all the
10:17.1
time. So, I started
10:21.2
do I convert this
10:22.6
freelancing career into
10:24.8
a business? So, during
10:31.2
getting projects and then
10:35.0
other freelancers. Tapos, parang
10:36.9
dine-delegate ko or ina-outsource ko sa
10:38.9
mga freelancers yung mga
10:40.9
iba kong projects. So,
10:43.4
in a way, naging passive
10:44.9
income siya kasi yung mga partners
10:47.2
ko na mga freelancers, sila
10:49.1
na yung nag-aasikaso ng mga projects
10:52.6
And I just get commission.
10:57.7
since medyo nakaipon din tayo,
10:59.3
di ba pag nag-stop tayo
11:00.9
mag-work sa office, biglang
11:02.3
bababaya expenses natin dahil hindi na
11:05.0
tayo kumakain sa labas, wala na tayong
11:07.0
damit, transportation.
11:09.2
Yung naipon ko, that's when
11:13.3
mga small business, micro
11:14.9
and small businesses. So,
11:18.6
siroksan, yung term ko noon.
11:29.0
sa isang tindahan na malapit sa school.
11:30.8
So, meron akong siroksan doon. Tapos, meron din
11:32.6
akong lodan. During that time,
11:34.9
napakalakas pa talaga ng mga
11:39.1
Tapos, yung nanay ko,
11:41.0
ginawa akong business partner
11:42.6
na nagtitinda kami ng mga
11:44.7
longganisa, tosino
11:46.6
sa bahay. So, doon ako
11:48.8
nag-explore ng entrepreneurship.
11:51.2
And yung napakaliit,
11:52.6
na passive income doon,
11:54.7
that was the time na
11:56.7
sinimulan ko yung
11:58.9
vlog ko. And a major part
12:00.9
of my income is still freelancing.
12:03.7
However, through the years,
12:05.4
through the years,
12:07.2
yung passive income ko,
12:09.4
syempre, tumaas na siya.
12:12.8
I still do freelancing, but
12:14.7
it's not really for the income anymore
12:20.1
doing, I still love
12:24.1
pagdating sa personal finance,
12:26.6
yung pagiging content creator natin and all,
12:29.0
it's more of an advocacy
12:30.9
already. Kasi nakita ko kung
12:36.5
personal finance to improve my life.
12:40.8
share kapag may speaking engagement
12:42.7
ako, I can consider
12:44.7
myself as semi-retired,
12:49.1
passive income ko,
12:50.9
enough na siya to sustain
12:55.6
Pwede akong hindi magtrabaho
13:00.8
But, of course, hindi naman masaya kung
13:02.6
basic necessities lang, di ba?
13:05.0
Hindi naman masaya kung nakakakain ka lang
13:07.3
ng tatlong beses ang araw.
13:08.8
And I think that's also exciting
13:12.6
mag-out of the country,
13:17.0
one-month vacation sa Japan.
13:19.4
So, that's something na
13:20.8
pwede kong pag-trabaho,
13:22.6
mabahuhan through my freelancing career
13:28.8
of my businesses.
13:30.5
At the end of the day,
13:33.5
meron akong peace of mind
13:34.8
kasi alam ko, hindi akong
13:36.5
mamumblema dun sa kakainin ko
13:38.8
araw-araw, makapagbayad ako
13:40.8
ng utilities kasi covered na siya
13:42.9
nung passive income.
13:44.2
So, dun sa last na graph,
13:46.7
mas mataas na yung passive income.
13:48.9
Pero, yung sabi mo
13:52.6
you've put up yung mga
13:54.6
pagtulong nga dito sa mga freelancers.
14:04.5
many ventures, to be honest.
14:08.7
started back in 2012.
14:13.8
dahil nakatulong sa akin yung pagiging freelancer.
14:18.5
during that time,
14:20.4
rising sector din yung mga
14:22.6
freelancing, online freelancing, especially
14:24.5
in the Philippines, 2012,
14:26.3
2013. So, sabi ko,
14:29.7
paano ko sila matutulungan?
14:32.7
A lot of freelancers
14:34.5
kasi when they go to the bigger
14:36.3
websites, diba, like Upwork
14:40.2
ang unang tinatanong ng kliyente is
14:42.5
ano ba yung portfolio mo?
14:44.6
Ano na yung mga naggawa mong
14:46.1
trabaho? So, sabi ko,
14:50.7
ako nung nag-freelancing ako kasi I had
14:54.6
freelance software developer. Pero
14:58.4
walang network talaga nagsisimula.
15:00.4
So, sabi ko, bigyan natin sila ng
15:02.2
opportunity na makakuha ng mga
15:08.2
these can be part of their portfolio
15:12.0
use these projects
15:14.0
to get bigger projects and
15:16.4
bigger and long-term
15:17.8
clients. So, yun yung
15:22.6
And vision nung 199jobs
15:24.6
which is basically a
15:26.1
freelancer marketplace.
15:32.2
sideline, pwede tayong
15:34.4
mag-sign up sa 199jobs.com
15:37.0
wala namang bayad.
15:38.9
It's free to sign up. And then,
15:40.6
get all projects to get your
15:42.8
freelancing career started.
15:46.6
Tapos yung ano mga, yung
15:52.6
it's villafuerte.com. Tapos,
15:54.5
ang blog ay Ready to Be
15:56.5
Rich. So, very interesting.
15:58.9
Ano bang ibig sabihin ng pagiging
16:05.2
Para sa akin talaga,
16:12.2
it means you are able
16:15.3
your dreams. So, it's not
16:17.8
really anchored to a specific
16:20.1
amount in your bank account.
16:22.6
Ang tanong lang naman dyan is,
16:24.8
ano ba yung gusto mo sa buhay?
16:26.4
Ano ba yung gusto mong gawin
16:28.6
in the future? Ano yung mga gusto mong
16:30.8
bilhin para sa sarili mo,
16:32.5
para sa pamilya mo? And,
16:35.0
do you have the means
16:40.5
capacity to afford those, then I can
16:42.6
say that you are rich.
16:44.4
You are truly wealthy.
16:48.2
ginagawa ko yung vlog ko,
16:50.7
yan, kaya ako sinabi,
16:52.6
being ready to be rich. Kasi,
16:54.6
during that point in my life,
16:56.8
nandun na ako eh, na parang
16:58.3
okay na yung setup ko.
17:00.5
It's just a matter of growing
17:02.2
what I already have. So, I was not
17:06.3
am in that mindset na
17:08.4
okay, ano na. I already
17:10.6
know my path. It's just a matter
17:12.5
of walking down that path.
17:14.6
So, I am ready to be rich. Kaya, yun yung
17:16.5
parang pinagalingan
17:20.3
vlog ko, which is basically,
17:22.6
naging branding ko na rin, because it
17:24.4
is stuck sa mga followers ko.
17:28.8
So, we're guessing, siyempre,
17:30.7
rich ka na ngayon, di ba?
17:32.3
So, yung, ano'n happen,
17:36.3
mayaman, of course, ang pinaka
17:38.4
ano kasi, di ba, a measure na ginagamit
17:40.8
ng mga tao talaga ay pera.
17:42.8
Pero, meron kasing tinatawag na
17:44.7
golden handcuffs, eh, di ba?
17:46.4
Ang taas-taas nga ng sweldo mo.
17:48.8
Pero, nakakulong ka,
17:50.6
meron kang posas nung golden handcuffs,
17:52.6
handcuffs nga ang tawag ko dyan. Kasi, hindi mo
17:54.4
naman ma-enjoy, kasi grabe yung stress
17:56.6
sa trabaho, grabe yung demand
17:58.5
sa work. Alas 4 ng umaga, tinatawagan
18:00.9
ka, never-ending ang mga
18:02.4
calls and meetings. So,
18:06.1
ano ba yung, ano pa yung
18:08.6
measures ng kayamanan
18:12.9
Oo. Para sa akin,
18:15.9
pinaka-importante talaga
18:18.1
is, alam mo kung ano
18:20.5
yung gusto mo. Having
18:22.4
smart goals. Because,
18:24.6
if you have specific goals in life
18:26.8
and you believe that these
18:28.4
are the things that you really want for yourself
18:32.7
hindi lang kasi iisa
18:36.9
I'll give you an example
18:38.2
para mas concrete, no? Meron akong
18:42.5
ang, pag tinanong ko, ano ba
18:44.3
ang gusto mong gawin sa buhay? And,
18:46.3
sabi niya, gusto niya mag-travel
18:48.3
kasi parang isa sa mga passion
18:50.3
ngayon, no? So, sabi ko sa kanya,
18:52.4
hindi ka nakaka-travel
18:56.6
opisina. Malaki nga
18:58.9
yung sweldo mo, pero ang hirap
19:00.6
mag-apply ng leave, etc.
19:04.7
if it were up to you,
19:06.6
ano yung ideal setup mo?
19:08.9
And, sabi niya, siguro,
19:12.5
ang naisip niya, mag-iipon siya ng maraming
19:14.4
pera, tapos mag-resign siya, and then
19:16.4
mag-travel na lang siya for the rest
19:18.4
of his life. Sabi ko, yes,
19:20.5
that's one solution.
19:22.4
Tama naman yun. That's one solution. Pero,
19:24.8
why don't we think outside the box?
19:26.7
What are the other things that you can do?
19:32.8
siguro pwede ako maging freelancer.
19:35.6
Anong klaseng freelancer?
19:37.4
Kasi ano siya eh,
19:39.7
nasa engineering field din siya.
19:43.5
do you think you can do consultancy?
19:45.6
Or do you have any other field
19:47.7
na sa tingin mo, interested ka na
19:49.6
pwede mong pag-aralan, etc.
19:51.3
And yun yung nag-switch
19:55.7
oo nga no, why don't I become
20:01.2
work anywhere and
20:03.5
I can fulfill yung
20:04.9
dreams ko na mag-travel.
20:07.4
So, yun yung ginawa niya
20:10.5
it was not instant, it was
20:13.4
parang it took him four
20:17.0
in-establish niya nga yung sarili niya.
20:21.3
nag-e-email na lang siya sa akin,
20:25.0
three months na daw siya sa Vietnam
20:26.7
kasi na-inlab ka doon sa
20:28.9
in-Nistia niya, tapos
20:30.6
nag-two months daw siya sa Dubai,
20:33.3
etc. So, he's now traveling
20:36.6
he's working as a
20:40.9
Totoo, hindi ganun kasing taas yung
20:42.9
sweldo niya, but it is enough
20:47.4
mga goals and dreams niya.
20:48.9
So, para sa akin talaga, yun yung
20:51.0
definition ng wealth eh,
20:52.8
it's really up to you.
20:54.6
Depende kasi kung ano yung gusto mo.
20:58.7
kailangan lang na careful tayo
21:02.4
akala natin gusto natin to
21:05.0
kasi yun yung nakikita natin sa iba.
21:08.9
there should be a healthy
21:10.8
amount of self-awareness
21:13.1
and may reflection,
21:15.2
getting to know ourselves.
21:16.9
Kasi doon natin malalaman
21:18.5
and ma-discover, ano ba talaga yung
21:20.8
nagbibigay sa atin ng
21:21.9
self-fulfillment.
21:23.8
Ang pinaka maganda example dito,
21:27.3
related na rin siguro
21:28.8
sa pagiging civil engineer ko.
21:30.4
Kasi ako, I don't
21:32.6
actually have any plans of buying
21:36.1
I have real estate investment kasi
21:38.4
mga rental properties, pero yung
21:40.3
buying a house and lot na
21:42.5
titirhan ko, parang wala sa
21:44.7
goal ko siya. Although
21:46.5
lahat ng kaibigan ko, lahat ng barkadyo ko
21:48.5
may mga sariling bahay, mga kapatid ko may mga
21:50.6
sariling bahay. So,
21:52.6
bakit hindi ako bumibili? Kasi sa tingin ko,
21:55.5
it's not really something that
21:56.7
will give me self-fulfillment.
21:58.7
Sabi ko, I am a professional
22:00.5
renter. Parang gusto ko
22:04.6
dito ako nakatira, then
22:06.0
kung saan yung maganda,
22:08.5
lilipat muna, doon naman ako lilipat,
22:12.5
yung nagbibigay sa kanya, self-fulfillment.
22:14.8
But also, it keeps
22:16.6
me grounded na hindi rin ako masyadong
22:18.7
nagiging attached sa mga matatangga.
22:20.6
Material things. Kasi, hindi ako
22:22.6
bumibili masyado ng mga stuff
22:24.5
dahil alam ko, after 3-4 years,
22:26.8
lilipat na naman ako ng bahay. Ayokong
22:28.4
magdala ng maraming gamit.
22:30.5
So, yun yung pinili ko
22:32.7
na lifestyle for myself
22:34.3
and I am happy with that. But
22:36.4
it doesn't mean na, yun din yung gagawin
22:38.7
ninyo. The same way na kung ano yung
22:40.5
nakikita nyo sa isa,
22:42.3
just be careful. Baka mamaya, you're
22:46.3
being jealous with what you're seeing with others.
22:48.6
But, it's important to,
22:50.5
to know yourself. Ano ba yung
22:52.3
nagbibigay sa kanya, self-fulfillment?
22:54.5
And then, that's what you work
22:56.2
on. So, yun talaga,
22:58.9
kailangan na mayroon talagang
23:00.8
pagkilala at pagmamahal
23:02.9
sa sarili. Kasi, yung lagi ko rin
23:04.7
yung sinasabi na, kapag kilala
23:06.7
mo yung sarili mo, mapapaiwas
23:08.5
ka sa gastos. Kasi, hindi mo kailangang patunayan
23:10.9
yung sarili mo sa iba.
23:12.6
Diba? Tapos, nakita din namin
23:14.4
ito, Fitz, of course, yung
23:16.4
podcast, no? Ang title ay
23:20.4
Bakit naman, The 80% ang
23:24.6
Oo. Yung podcast na yan, ano yan eh,
23:26.3
pandemic project ko yan.
23:28.5
Siyempre, wala tayong masyadong
23:30.4
ginagawa nung pandemic. Sabi ko,
23:32.2
mag-podcast nga tayo. Kasi, it's one of the things
23:34.3
that I was curious about.
23:41.9
one of the things that I've learned
23:44.3
pagdating sa pera, it's
23:46.1
80% behavior, diba?
23:48.4
And, 20% head knowledge.
23:50.4
Dahil, kahit sinong
23:53.0
tanungin ko, alam nila na
23:54.8
importante na nagsisave,
23:56.6
importante na nag-i-invest.
23:58.9
Pero, pag tinanong mo, bakit hindi ka
24:00.4
nag-iipon, most probably
24:06.6
money habits, wrong mindset
24:12.7
on the Pareto principle,
24:14.6
yung 80-20, diba?
24:16.2
Kaya, sinabi ko, the 80% because
24:20.7
good financial habits
24:22.9
and the right mindset
24:25.1
when it comes to building
24:26.6
your wealth dun sa ating podcast.
24:30.9
Tapos, sabi mo nga, ayan,
24:32.7
nandito ka na. Yung palang
24:34.6
unang binabanggit ko kanina,
24:36.4
2007 pa pala yun, mga
24:38.6
kaibigan. So, ito,
24:41.0
curious lang kami, ano
24:42.6
naman yung mga passive income mo?
24:44.4
Nabanggit mo na kanina, meron kang rental
24:46.6
properties. So, ano
24:48.6
pa? Yung mga, well,
24:50.6
of course, sabi mo nga, hindi naman
24:52.2
kailangan nagayahin kung ano kasi
24:54.5
iba-iba tayo. Pero, curious kami,
24:56.9
ano yung meron na passive
24:58.5
income that works for FITS?
25:06.0
dividends from businesses.
25:10.3
several businesses.
25:12.6
Siguro, ang pinaka
25:16.6
yung sa pinsan ko,
25:18.6
yung pinsan ko kasi, nagtayo siya ng
25:20.3
company. But, at the
25:22.7
start, kailangan niya ng funding.
25:24.8
So, parang naging ano tayo,
25:26.2
venture capitalist.
25:37.8
But, I get regular dividends
25:40.4
from that. Aside from
25:42.5
that, of course, meron tayo mga paper
25:46.5
mga dividend stocks tayo.
25:48.6
And, very popular ngayon, yung
25:50.6
REITs, di ba? So, mas
25:52.0
maraming ano doon. Mas regular
25:56.5
MP2, of course. So, may
25:58.6
mga paper assets tayo na nagbibigay
26:00.9
ng fixed income or
26:02.3
regular dividends.
26:04.5
We have a few businesses that
26:06.6
provide me dividend income.
26:10.2
I would also consider
26:13.0
yung content creation
26:14.6
natin. Di ba, mayroon tayong mga
26:16.3
YouTube channel, may mga website tayo.
26:18.6
So, semi-passive.
26:20.6
Kasi, there are times
26:24.7
mga ibang bagay. So, I am not
26:26.6
able to upload anything. But,
26:28.9
there's still income from the ads.
26:32.8
that also as passive income.
26:34.7
So, kailangan ano pa rin tayo.
26:39.0
din yung sources of income natin.
26:40.8
Hindi lang yung investment
26:42.4
but also yung sources of income diversified.
26:46.3
Happy naman nun. Sana magkaroon din kami ng pins.
26:48.6
Sana mapagkakatiwalaan
26:50.8
sa i-invest. Kasi, usually,
26:52.6
pag mga family members, lalo ng mga
26:54.5
OFWs feeds, napupasong-paso
26:56.8
ang mga OFWs dyan kapag mga
26:58.7
kamag-anak na pinag-usapan
27:00.3
ng pag-i-investan. Ano yung naging
27:02.5
sikreto, or di man siguro sikreto,
27:04.9
pero, what made it
27:08.0
nakapag-invest ka doon at hindi ka
27:10.8
tinakbuhan katulad ng
27:12.6
maraming mga OFWs?
27:19.6
I asked for a business plan.
27:21.5
Hindi man pwedeng,
27:22.8
hindi siya yung siguro naiisip
27:24.9
ng karamihan na lumapit sa akin,
27:26.6
tas humihingi ng pera pang negosyo. Hindi siya gano'n.
27:32.9
nag-iisip na siya kung
27:34.9
paano, saan siya kukuha ng
27:39.3
Pero, alam niya na yung
27:45.7
actually, hindi siya nag-offer
27:47.0
sa akin eh. Nakikita ko siya
27:48.6
busy lagi kasi nag-research.
27:51.3
May mga, may mga, ano,
27:52.9
may mga kausap siya, mga suppliers
27:55.0
and all. Yun pala, gumagawa siya ng
27:56.7
business plan. And sabi ko sa kanya, pabasa
27:58.8
nga niya, ano ba yan, no? Kasi
28:03.4
So, from the business plan itself,
28:05.2
nakita ko na, number one,
28:07.6
may feasibility study siya
28:08.9
doon eh. And, nakita ko
28:11.0
na seryoso siya. Nakita ko na
28:14.7
The business was running already
28:16.7
on paper. Ang kulang na lang
28:18.9
is yung influx of
28:22.5
matayo niya. And,
28:24.8
ang unang plano niya nga was
28:26.6
to apply for a loan.
28:29.5
Alam niyo, mag-bootstrap
28:31.1
din siya. So, sabi ko,
28:33.5
baka naman pwedeng maki
28:39.1
Kasi, I think, I am
28:41.0
impressed with the plan.
28:46.7
that's the difference
28:47.5
doon sa mga usual na mga
28:49.5
naririnig natin na
28:50.9
yung iba kasi humihingi ng
28:52.8
kapital, nag-i-invite na
28:55.5
makisosyo, pero wala pang
28:57.5
plano. In my case,
28:59.5
nakita ko yung plano. I was impressed.
29:03.7
Oo. At saka, ang usual na
29:05.5
nakikita natin ay ano, diba, pag
29:07.2
nangihingi ng kapital, actually, mas
29:11.5
nagpapaawa sila or something
29:13.6
at ginagamit yung
29:15.2
keycard na magkapamilya tayo,
29:17.5
tulungan mo ako. Pero in your case,
29:19.6
ang nakita mo talaga ay nandyan
29:23.7
ano niya, yung pagiging
29:25.6
worthwhile niya as a business.
29:27.5
Anyway, naku, napasarap na tayo ng kwento.
29:29.5
Papunta pa lang tayo sa main topic natin
29:31.6
which is insurance.
29:33.5
Meron akong ginawang, ano eh,
29:35.6
nagpa-poll ako dito sa
29:39.1
tinanong ko, may variable universal
29:41.5
life insurance ba kayo?
29:43.5
Ayan. At ito yung
29:47.6
votes. Yes, luging-lugi
29:51.2
Yes, gusto ko nang itigil.
30:07.7
Ano mo masasabi mo sa resulta
30:16.7
lumalapit rin kasi sa akin
30:18.5
na nagpapakonsult
30:21.3
about their insurance.
30:23.4
Nagpapainsurance audit.
30:26.1
yun talaga yung napapansin ko,
30:29.5
a lot of people na may VUL,
30:35.1
which is, sabi ko,
30:37.5
ano kasi siya, financial protection,
30:39.1
it's not an investment.
30:40.7
Kasi yung nagsabi pala na,
30:43.5
yes, luging-lugi, para sa akin,
30:47.3
concerned kung lugi o hindi yung
30:51.4
ang reason kung ba't mo
30:53.6
kinuha yan, kasi insurance yan,
30:55.4
is for financial protection. Parang
30:57.3
ano na lang yun eh, cream on top na lang yun
30:59.9
na mayroon siyang investment component.
31:02.2
So, that's when I discovered
31:04.0
that, unfortunately,
31:05.8
there are a number
31:07.9
of financial advisors na
31:09.6
minamarket nila ang VUL
31:11.7
as an investment,
31:13.5
and not as a form of
31:15.3
financial protection. So,
31:17.3
yun lang yung initial
31:19.4
talaga na isip ko
31:22.1
dun sa ginawa mong
31:26.5
para sa akin, concerning
31:27.5
din yung nagsabi na,
31:29.4
ano yan? Which means, mababa pa rin
31:31.5
talaga yung insurance
31:33.5
penetration rate natin.
31:35.4
Something na very
31:37.6
essential, especially for
31:39.5
breadwinners, as a form
31:41.5
of financial protection.
31:43.5
Kunti lang. But, I think,
31:45.9
partly, it's also because
31:47.6
yung negative impression
31:49.9
ng mga tao pagdating sa insurance eh,
31:52.1
naiisip nila gastos lang,
31:54.0
hindi talaga nai-explain sa kanila
31:55.9
yung benefits of having
32:01.9
ano eh, naghahanap
32:03.8
talaga ako ng kakampi tungkol
32:05.6
dito sa VUL na yan,
32:07.4
sa VTID na yan. Nung nakita ko yung video mo,
32:09.6
gusto ko siyang kausapin,
32:11.5
diba? At, ito nga,
32:13.5
doon tayong tinatawag kasi na, ano, diba?
32:15.7
Instead na VUL, kung insurance
32:17.6
talaga yung titignan natin, meron yung
32:21.1
difference. So, at nakita ko nga
32:23.7
na ikaw din, mas ginagawa mo
32:27.7
So, paano ba itong VTID
32:33.4
ang una kong tinatanong is,
32:35.9
meron ka bang financial dependence?
32:37.5
Meron bang umahasa sa'yo?
32:39.4
Because insurance really is a form
32:41.7
of financial protection.
32:43.5
Hindi para sa'yo, but para
32:45.6
sa mga nakadepende
32:51.5
single na lahat ng sweldo mo
32:53.9
sa'yo pupunta, wala kang
32:55.3
pinapaaral, wala kang pinapakain,
32:57.9
I would dare say that
32:59.5
hindi mo pa kailangan
33:02.7
Diba? Up year. Parang tayo yung sinasabi dyan.
33:09.5
balikan mo yung insurance kapag
33:13.5
malapit ka na ikasal.
33:14.9
Once you get engaged, I would say
33:17.6
that's a consideration na to get insurance
33:19.6
kasi magkakaroon ka na ng
33:21.5
family. But, if you're a
33:27.5
din eh na lahat nung
33:29.4
sweldo mo pupunta sa pagbabayad ng insurance
33:33.0
the different types of insurance,
33:35.4
yung term insurance talaga yung pinakamura.
33:37.9
And, that's why I
33:42.6
reason why you're
33:45.3
getting insurance is to protect
33:47.4
your family in case something
33:49.3
happens to you. And, term insurance
33:51.6
is the most affordable type of
33:53.4
insurance that can achieve that.
33:56.0
Syempre, since mura lang
33:57.4
ang term insurance,
34:01.2
that's already something that you can leverage
34:05.0
somewhere. Again,
34:07.3
depende on your goals.
34:09.5
Babangkit ko na rin, minsan,
34:12.6
bank savings account na rin
34:15.6
kasi ngayon eh, na may libring
34:17.2
insurance eh, diba? So, sabi ko,
34:20.1
that's also a consideration
34:22.0
kasi that will help you
34:23.5
minimize the amount
34:26.0
of coverage that you need.
34:27.7
So, mas mura pa yun na meron kang
34:29.6
bank account na may libring
34:30.9
life insurance. So, that's a consideration
34:33.7
when we compute kung magkano ba
34:35.9
talaga yung death benefit na
34:37.7
required for your
34:42.6
may mga nagsasabi
34:44.4
na at least yung VUL
34:48.3
etc. Pero kasi sa akin,
34:51.4
pagdating sa investment,
34:53.3
hindi naman yan parati
34:54.6
na pag lagay mo ng pera,
34:57.4
papatulugin mo na lang.
34:59.1
There's such a thing
35:00.6
as rebalancing your portfolio,
35:04.2
tactical with what's happening
35:06.5
in the market. And,
35:10.2
control mo, yung investment mo,
35:14.4
ka makakapag-navigate
35:20.5
So, kung mas maganda
35:22.7
sa bonds, sa bonds ka muna
35:24.2
mag-invest. Kung mas maganda sa stock market,
35:26.6
sa stock market, hindi yung
35:28.6
pag nasa VUL siya,
35:30.9
hindi ka ganun ka-flexible.
35:32.5
Although, pwede mo ilipat-lipat ng funds,
35:34.9
but it's not really na...
35:36.1
Kami na lang mong fees
35:39.8
At saka, actually,
35:41.0
ang isang talaga dyan,
35:42.6
ay, diba, yung sa VUL,
35:46.6
first year, nagbayad ka ng malaki,
35:48.8
tapos tinignan mo yung fund value mo,
35:52.8
Halos wala. Tapos, sabi ko,
35:54.5
paano yan? Paano yan? Doon pa lang,
35:56.7
ang laki na ng question mark
36:00.4
Ano ko, Fitz, pareho ka rin ba?
36:02.7
Ako kasi talaga, minsan, pinuupotaktay
36:04.7
talaga ako ng mga financial advisors,
36:07.0
na mga binabadmouth
36:08.7
pangasabi ko. Anyway,
36:12.6
ay nagbibigay lang ng aking
36:17.9
siguro, the truth hurts talaga.
36:20.5
Yun na lang yung sinasabi ko.
36:30.6
study yung financial
36:32.6
situation ng client
36:34.1
and we should give them
36:36.1
the best financial product that they
36:38.5
need, hindi yung the best financial
36:40.4
product that will give us the highest commission.
36:42.6
Yun yung kasi minsan eh.
36:46.9
admittedly, may mga
36:50.5
sinasabi nila na, ay gusto ko, wala na
36:52.6
akong iisipin and
36:54.0
gusto ko, isa lang yung binabayaran ko.
36:56.8
And then, when you look at their cash flow,
36:58.9
substantial naman yung income,
37:00.9
then, I would say na,
37:02.9
sige, kumuha ka ng VUL, but
37:04.5
you have to understand
37:06.4
that what you are getting is a
37:08.4
financial protection. Hindi yan
37:12.6
you will expect na talagang
37:14.1
lalaki ng sobra, diba?
37:17.9
the real issue here
37:20.7
is making people understand
37:22.9
what they are actually getting.
37:26.1
they fully understand the product that
37:28.6
they're getting, then, sige, okay lang.
37:31.2
Basta na i-explain yun
37:32.5
ng maayos, kasi nakaka-
37:34.5
inis din talaga yung may nagko-complain sa akin
37:36.5
na, ano ba ito, lugo yung investment ko?
37:38.2
Saan ka ba naka-invest dito? Tapos, VUL product
37:40.5
yung sasabihin. Sabi ko, naku,
37:42.6
niloko ka na naman
37:44.3
yung ahente mo. Yan.
37:48.5
Naku, maraming maraming salamat,
37:50.3
Fitz, at marami kaming natutunan
37:52.4
sa'yo ngayon. And
37:54.3
we hope we can do this again.
37:58.1
iba pa nating pag-uusapan. Manonood ako
38:00.5
ng mga videos mo. Actually, very
38:02.5
interested ako din sa mga freelance
38:08.5
din natin. At maturuan yung ibang mga
38:10.3
tao, no? Kasi, bago ka siya
38:12.4
kasi makapag-invest, di ba, kailangan talaga
38:14.2
meron mo ng source of income, meron mo
38:16.2
mga munang pang-invest. Makakasagutan,
38:18.6
magiging kasagutan yung
38:20.2
freelance na yan.
38:22.2
So, saan ka pa namin
38:24.5
makikita? Aside from your
38:26.3
podcast, aside from dun sa
38:28.1
Ready to Be Rich?
38:31.3
Actually, meron akong
38:34.2
readytobereach.com. Tapos,
38:36.4
dun sa readytobereach.com,
38:38.3
it's just a one-page website.
38:40.7
Nandun na lahat ng links,
38:45.9
X, or Twitter, sa Instagram,
38:48.5
sa TikTok, YouTube,
38:52.5
and they can also
38:53.6
send an email sa akin
38:55.9
through that. So, marami
38:57.8
na kasi tayo ngayong accounts online,
39:00.1
di ba, kailangan present tayo sa iba't-ibang
39:02.0
social networks. So, sabi ko,
39:04.4
pag may mga ganitong opportunity
39:08.3
more people, para madali nilang tatandaan,
39:10.8
doon na lang sila, punta.
39:12.4
readytobereach.com.
39:16.2
papuntahan na natin yan. So, maraming
39:18.2
maraming salamat, Fitz, at
39:20.1
sana ay dumami pa
39:22.5
yung mga katulad natin
39:23.9
na galit sa bull.
39:28.6
ang inuuna ay yung kapakanan
39:32.4
di ba? Anong kapakanan nila, hindi yung
39:34.1
magiging beneficial sa atin.
39:36.7
So, maraming maraming salamat
39:38.5
sa iyo, and see you next time.
39:41.0
Yes, thank you very much,
39:42.4
and I really enjoyed this time,
39:44.6
and looking forward sa susunod na
39:46.5
pagbisita ko dito
39:48.0
sa community nyo. So, hello ulit
39:50.3
sa mga nanonood ngayon, and
39:52.4
I hope marami silang natutunan.
39:54.8
Ayan. Thank you. Thank you
39:58.3
So, yun po si Fitz, ano,
40:00.3
nakausap natin, at
40:02.0
napag-usapan natin ako
40:04.5
yung VTID na yan, at
40:06.3
tsaka yung VUL na yan.
40:08.3
Mas maiintindihan natin
