01:00.2
So kung titignan natin, konting kembot na lang ay pupunta na sa rich.
01:05.4
I therefore conclude na ang mga doctors po ay Henry.
01:10.5
Anong ibig sabihin ng Henry?
01:13.0
High earning, not rich yet.
01:18.4
And when I took a look at the causes of the many money challenges of doctors,
01:23.0
ang lumabas po ay fokus na fokus kayo sa practice ninyo.
01:26.8
That's why you have little time for business development and or investment.
01:33.0
I think malaki talaga ang clash ng ethics ng pagiging doktor and creating a business out of it.
01:41.4
Mababa din daw ang inyong savings and investment rate.
01:46.2
Mababa din daw ang inyong financial literacy.
01:49.5
I've been a very good doctor. I've been a very good lawyer, accountant.
01:53.0
Sa profesyon nila.
01:54.4
Pero nakalimutan ang investment.
01:57.0
So yun yung pinagsisihan nila when they reached retirement.
02:01.1
Ito, lifestyle expenses increase faster than your income.
02:07.7
Long period of education, delayed income.
02:10.4
I remember, I already put up my four-door apartments.
02:14.1
I was 25 years old.
02:16.0
Si Odette ay nagpapakahirap pa sa RITM.
02:19.5
Matagal bago ang return on investment.
02:21.7
And that's the reality.
02:23.0
Madalas ang burn-out sa mga doktor.
02:27.2
And kahit matatalino po kayo, you rationalize your bad financial decisions.
02:36.1
Deserve ko itong bank na ito.
02:38.4
Deserve kong mag-travel.
02:40.7
Deserve nyo lahat.
02:44.8
And let's not forget the pressure you undergo when you hang out at the doctor's lab.
02:54.0
O, si Donk ganito, may ganitong bagong alahas.
02:56.0
May bagong cellphone.
02:59.0
And nandun yung pressure to keep up.
03:02.0
42% of physicians feel burn-out.
03:05.0
I summarize this into the financial unwellness of our doctors.
03:12.0
May tatlong kunto po dyan.
03:14.0
The length of your education, it delays your income generation.
03:18.0
Overworking leads to I deserve this mentality.
03:22.0
And you neglect your business development and investment due to your practice.
03:28.0
So ano po yung mga pwede natin gawin to address this?
03:34.0
Alam nyo naman ito lahat.
03:36.0
It's not how much you make, but how much you keep that matters.
03:40.0
This is the practical way on how to do this.
03:43.0
So sundan lang po natin yung 5, 15, 20, 16 budgeting rule.
03:47.0
Gawin na lang natin yung gross income ninyo, 120,000 pesos.
03:51.0
Para madali ang computation.
03:53.0
You allot a maximum of that, 5%, for insurance, which is 6,000 pesos.
03:59.0
Pag susubra na kayo sa 6,000 pesos per month na binabayalan nyo sa insurance, mahal po yan.
04:07.0
Because insurance should be affordable.
04:10.0
Minimum 15% of your income, yan ay mapupunta sa savings.
04:18.0
And minimum 20% of your...
04:21.0
Gross income, that should go to investments.
04:26.0
Maximum 60% ng iyong kinikita, of your gross income, that's your expenses.
04:34.0
Emergency care first ang kailangan natin for insurance.
04:37.0
Kailangan nyo lang ng life insurance po kapag kayo po ay may dependents.
04:42.0
Ang target emergency savings nyo po for a 120,000 pesos monthly PEG na income natin,
04:50.0
should be equivalent to 9 times of your monthly expenses.
04:54.0
So that's about 650,000 pesos.
04:57.0
And I dare say that you are not allowed to invest if you haven't put up this much money yet.
05:05.0
Because the foundation of good financial practice is savings.
05:11.0
In response for retirement.
05:14.0
Alam ko mukha po kayong mga bata, mga nasa mga mid-30s to 40s lang.
05:19.0
Kahit yung biological age natin palapit-lapit na sa retirement.
05:23.0
So ang gagawin po lang natin dyan ay huwag po natin mamaliit din ang SSS.
05:29.0
I've seen the pension products available in the market.
05:33.0
And SSS still offers the best returns for the amount that we put in.
05:40.0
Maliit lang po kasi yung pinaglalagay natin sa SSS.
05:43.0
Admittedly, kulang talaga siya, no?
05:45.0
Pero yung returns niya ay malaki.
05:48.0
For us, professionals who contribute the maximum and at least would have 5 years of retirement,
05:58.0
90% per annum po ang returns niya.
06:03.0
If we live longer, mas malaki yung kikitain natin.
06:07.0
Yung mga nagtatrabaho po sa gobyerno ng mga doktor,
06:11.0
I still suggest and recommend that you get SSS para dalawa ang inyong pension.
06:18.0
Tapos dagdagan natin ng WISC and WISC+, which is still under SSS.
06:22.0
Pag-ibig MP2, Retail Treasury Bonds and Retail Dollar Bonds.
06:28.0
Yung aking retirement formula is all in the safe side.
06:33.0
Because our retirement fund, we cannot gamble it away.
06:37.0
So puro yan 100% secured ng government.
06:41.0
Ang next naman ay investment for wants.
06:45.0
Kasi usually, yung wants, nadidemonize siya masyado.
06:49.0
Pero ang key sa pag-address ng investment for wants ay hindi pagtitipid.
06:56.0
You cannot tipid your way to financial freedom.
07:01.0
You have to identify what makes you happy.
07:04.0
Stop demonizing wants and identify what it is that makes you happy
07:09.0
and make that your inspiration and motivation
07:13.0
to save and invest.
07:16.0
Meron po akong trans na kaibigan.
07:19.0
Ang kanyang pangarap ay magkasuso.
07:22.0
Ayaw na ayaw niya ang kanyang trabaho.
07:25.0
Pero nung ginawang ko ng plano para maghipot para siya po ay magkasuso,
07:29.0
abang kahit daw sinisigawan siya araw-araw ng kanyang boss sa kanyang BPO,
07:34.0
okay lang kasi meron na siyang goal sa kanyang pera.
07:40.0
So find that why.
07:42.0
Bakit po kayo mag-iinvest?
07:46.0
Wants makes our lives more colorful, more exciting.
07:50.0
How do we finance our wants?
07:52.0
Ito po yung sikreto ng mga mayayaman.
07:55.0
Ang active income, pambili ng needs.
07:59.0
Ang passive income, pambili ng wants.
08:02.0
What's the difference between an active income and a passive income?
08:05.0
Active income, ito yung mga kinikita natin habang tayo ay nagtatrabaho.
08:10.0
Kailangan ng puhunan.
08:11.0
Kailangan ng puhunan ng dugong, pawis, oras, energy to be able to create that.
08:16.0
Pero yung passive income, kahit nakaupo ka lang, okay.
08:21.0
Rent, dividends, interest, capital gains, pensions, royalties, these are your passive incomes.
08:28.0
So you have to make sure that you transform your active income,
08:32.0
use that so that you can invest it and create passive income for you.
08:40.0
So paano natin siya gagawin?
08:45.0
Through rental, properties, and co-op investing.
08:48.0
So I have my friend here, Sir Ness.
08:50.0
2000 to 2008, consured siya.
08:52.0
Naging immense organizer 2010 to 2016.
08:55.0
Back for good ng 2017.
08:57.0
And 2023, full retirement na siya at 45 years old.
09:02.0
I taught him how to put up an apartment.
09:06.0
He chose simple living.
09:08.0
And saved and invested.
09:11.0
4 million pesos in 10 years.
09:13.0
Ang key lang po talaga, ang hurdle rate when we take a look at investments is 7%.
09:18.0
That's the key, no?
09:21.0
So ang sinade niya in those 20 years is 24,000 pesos monthly.
09:26.0
2.88 million lang talaga yung nasave niya.
09:29.0
Kasi yung 1.12 million doon, in that span of 10 years, yan po ay interest.
09:35.0
So time is of the essence when you start investing.
09:38.0
But sooner that you can do it, gawin niyo siya.
09:40.0
So ngayon, si Sir Ness is back in Ilocos Norte.
09:44.0
And he is fully retired.
09:46.0
So that's the first one.
09:47.0
Rental properties, no?
09:49.0
The second one is to go into co-op investments, no?
09:53.0
Kasi marami yung pupunta sa stock market.
09:55.0
This is how the stock market performed.
09:57.0
If you put up 1 million pesos in 2005, it will only be worth 3.08 million as of last year.
10:06.0
The investment that I put in co-operatives in 2005 with 1 million pesos, it's now 8.78 million pesos.
10:16.0
Hindi masarap sabihin, no?
10:18.0
May investment ako sa co-operativa.
10:20.0
It sounds boring.
10:21.0
It sounds hindi sosyal.
10:23.0
Mas masarap sabihin na mayroon akong stock investment.
10:26.0
Pero mas maraming kita.
10:28.0
This is my journey to financial freedom, no?
10:30.0
So I reached productive and meaningful retirement when I was 31.
10:36.0
The highest asset that I had was 340 million pesos in 2016.
10:41.0
But that was also the time that I got depressed.
10:44.0
At doon talaga, totoo, no?
10:45.0
Money will not make you happy.
10:47.0
Because solo effort lang yung ginagawa ko parate.
10:51.0
So I chose to pay off our debts and to just go with community effort and get social investors rather than borrowing from the banks.
11:01.0
In 2018, this slumped to 180 million pesos.
11:05.0
But we're now recovering at 307 million pesos last year.
11:10.0
What I did was to change my metrics, no?
11:15.0
From measuring money, from measuring total assets that I have, number of people yung aking naging metrics.
11:22.0
So ngayon binigilan ko, ilan na ba yung natulungan ko in terms of my financial literacy advocacy?
11:27.0
With only just 1% of the total 20 million social media reach that I do every year.
11:33.0
That's about 200,000.
11:34.0
That's about 200,000 individuals na na-help na namin.
11:37.0
We also directly support 22,000 families with livelihoods and social safety nets in Mindanao.
11:45.0
Meron na rin kaming socialized housing na inumpisahan.
11:48.0
We've established 4 units of it.
11:50.0
And we target to have 200 by the end of 2025.
11:55.0
Yung mass market really is a huge untapped market.
11:58.0
Sabi ko diba, you have to have your why.
12:01.0
So my why is to be happy and to be an instrument.
12:04.0
An instrument of happiness.
12:09.0
Paano ko i-coconnect yung, konti na lang ha.
12:11.0
Paano ko i-coconnect yung pagiging social side nung aming finance sa pagiging doktor?
12:17.0
I researched a bit and there is what we call the beauty premium.
12:22.0
Sa middle class teachers, there's a substantial beauty premium for face-to-face interactions.
12:28.0
In Germany, there's also an average beauty premium in the middle class, no?
12:33.0
2-4% above for women and 5-7% above for men.
12:38.0
Ito na yung democratizing beauty.
12:42.0
For high school graduates naman, ito yung nakakatawa.
12:45.0
Sa waiters, ganyan.
12:47.0
Very attractive high school graduates earn 5-10% more than average looking individuals.
12:55.0
More than average yun ha.
12:57.0
Ito yung nakakatawa.
12:58.0
Yung plain beauty.
12:60.0
Hindi ka maganda, hindi ka panget.
13:02.0
You're being penalized for that.
13:04.0
3-5% lower yung kinikita mo.
13:08.0
How much more kung ugly ka?
13:12.0
There's a gap of plain versus very attractive by as much as 15%.
13:19.0
And if you take a look at this, there's an opportunity for dermatologists to lift people out of poverty because of beauty.
13:32.0
What if cosmetic treatments are made affordable for the mass market?
13:38.0
Low markup but high volume.
13:40.0
Less demanding on clients.
13:42.0
Ako, alam ko yan.
13:43.0
And here we're able to increase income earning potential of low income Filipinos.
13:47.0
So here's my proposal.
13:49.0
Democratization of beauty, pathology and aesthetic services for nano enterprises.
13:54.0
We have a facility to be accredited by PhilHealth.
13:57.0
At gusto ko na gawin nating project na pagandahin yung mga...
13:60.0
high school graduates at mga college graduates natin doon sa Mindanao.
14:06.0
Kung gusto nyo, pwede naman pong telemedicine.
14:08.0
As a teacher natin, I do a lot of research.
14:10.0
If you want to collaborate with me to replicate the beauty premium research at the nano enterprise level,
14:17.0
I'm open to that also.
14:19.0
And if PDS is available, we could come up with a personal finance course for medical doctors.
14:26.0
At ito po yung pinaka-exciting.
14:28.0
And if you want to know more,
14:29.0
prepare the financial health check questionnaire.
14:32.0
If you could input your details there in everyday email,
14:36.0
we can reach you through that also.
14:38.0
Thank you very much.
