#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 Sagot sa mga Frequently Asked Questions: https://bit.ly/sedpi-sri-faq Isubmit ang ibang pang inquiries o requests sa: https://bit.ly/sedpi-inquiry Pag-IBIG MP2: * Watch the play list: https://www.youtube.com/playlist?list... * How to invest: https://m.me/vincerapisura?ref=w13160758 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 (S

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What would you suggest for me? What would be a realistic way to earn passive income at this stage in time?

And what are your thoughts in general about FIRE? Is it a good financial practice?

Ako ang happy naman talagang nag-research siya diba? May FIRE, may framework.

So yung FIRE, yung Financial Independence Retirement Early, actually a lot of people think of it as getting more income, income, income, income.

Pero on the contrary, ang talagang in-espouse niya is save as much as you can.

So living a frugal life, hindi nga simple life ang sinasabi niya eh.

Living a frugal life at the barest minimum because when you live at the barest minimum, you will only need a little also.

And with that a little, mas malaki masasave mo.

At mas kaya mong pondohan yun ng passive income.

So it really depends on your lifestyle.

So isiset mo yun.

Siyempre, iba iba tayo ng gusto sa buhay diba?

Gusto ni Edwin, ako.

Ang ibig sabihin ay, iba iba yung magpapaligaya sa atin.

Ikaw ba Ed, kailan ka na-retire?

Financially retire?

I think around 30 years old.

31! 31 years old tayo noon.

Magjawa kami ha, baka magkagulat mo pa.

We just celebrated our 20th anniversary last July! Imagine that!

Congratulations! Sana all. Baka may tips din kayo dyan para sa akin.

Start early!

But yung sinasabi namin is yun.

The key in FIRE is more than the creation of the income is to settle for a simple lifestyle.

Yun yung essence niya.

And then if you have that, then it's easier to come up with sources of income na hindi talagang ang laki laki ng kakailangan yun.

Kasi yung pinupunan mo rin ay maliit.

So we were financially retired at 31.

But you know what happened?

So ako, I continued to work and Edwin decided to actually retire.

Actually retire?

Kasi no work.

No work for 3 years, for a good 3 years.

And let's ask him what happened.

So after 3 years, Annabelle, I felt sad and without purpose.

Kasi at that stage, di ba, bata pa, 34, tapos wala kang ginagawa, while in a wait time.

Maganda siya sa simula, you romanticize the idea that you're on vacation always, pero you want to have a purpose.

So I returned back to work, but this time, not really about the income anymore.

So what's it about now?

It's about purpose.

Na yung contributing to...

O sige na, koronahan na kita.

So ang isang tip natin kay Annabelle ay to set that minimum lifestyle that you want for yourself.

Yun yung isang mahalaga doon.

At saka overstated for me yung retirement na hindi mo na talaga iisipin kung ano yung...

Wala ka nang gagawin, parang ganyan.

Overstated siya.

And kaya we came up with the 3 kinds of retirement.

So the first kind of retirement is what we call the nominal retirement.

At itong nominal retirement na to is what the government says.

When you reach this age, whether you have money or not, you are already retired.

Around 60 years old to 65.

60 is the optional, 65 is mandatory. Government yun.

And then we have what we call the financially retired.

You already have enough passive income to last your lifetime.

Pero we came up with the third.

And the third one is the meaningful and productive retirement.

That means you are also financially retired but you are not stopping work.

You're doing a passion.

And what you're actually doing now is, sabi nga ni Edwin, you're not doing this for the money.

But you're doing this because it makes you happy and you think it serves a purpose to the community.

Yan. O, diba?

That's the ultimate goals, yung number three na retirement.

At yung maganda kay Annabelle kasi as young as she is right now, ito yung pinag-iisipan niya.

Alam mo Annabelle, marami kasi nagko-comment sa atin sa ating comment section na bakit hindi ko ito nalaman nung mas bata pa ako.

And what's good with you is that batang bata pa si Annabelle.

And she's just already starting.

Ayun. Tapos ang caution ko rin lang dun sa FIRE is mayroon din kasi siyang...

Kasi dahil ang focus niya ay savings and living a frugal life, marami yung mga nagda-dive agad doon.

Tapos nasya-shock sila sa kung ano yung mangyayari.

Kasi parang save ka lang ng save at talagang tinitipid-tinitipid mo yung sarili mo.

Hindi siya sustainable kasi you're working and you're working but you're not enjoying part of it.

Kaya ang lagi namin sinasabi talaga ay balance talaga yung key.

FIRE might work to a few kasi if FIRE really works then sana ang dami ng gumagawa.

Pero hindi siya ganun ka-effective in a sense na masyado siya talagang save-save yung ginagawa na

yung enjoying the life, enjoying the now ay nakakalimutan.

So balance talaga yung key.

Curious lang ako, ano ba nagpapaligaya sa'yo ngayon?

Pagkain, honestly.

Sige, magkita niyo tayo ni Lakat minsan, magt-tweet, magt-tweet aniyan.

Magkita niyo tayo ni Lakat minsan, magt-tweet, magt-tweet aniyan.

Thank you so much for those tips, I'll keep them in mind.

Thanks for watching!

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As always, feel free to write your questions, comments, and opinions respectfully.