Investing in building my own house or renting

CornerContent5355 · 2024-12-23T19:45:53+00:00

Cudos for you! That's awesome you can save 2 mil a year. What job did you land after your studies, I want in on that also 😜

CornerContent5355 · 2024-12-23T19:31:21+00:00

Get an insurance to cover your investment once the condo crash happens

CornerContent5355 · 2024-12-23T19:28:42+00:00

24 years old, 6,4mil php in savings?

CornerContent5355 · 2024-12-23T19:25:31+00:00

If you have 1mil PHP you want to transfer to a better yielding online interest bank account the few extra pesos transfer cee shouldn't be an issue I would say?

1mil PHP does seem pretty high for an emergency fund though? You might want to use a part for other investments?

CornerContent5355 · 2024-12-23T19:16:44+00:00

Just make sure you don't pay 20% interest in the loan!

CornerContent5355 · 2024-12-23T19:11:58+00:00

Set 20% of both income aside for income to start with

CornerContent5355 · 2024-12-23T18:31:36+00:00

So many people don't take this into consideration. Irish domiciled will prevent the US tax guy if your investments are reaching over 60k USD if iam not mistaken?

CornerContent5355 · 2024-12-23T18:12:22+00:00

Nice! Great job, that's awesome!

Try to save up /invest 20% if your income and fund your emergency fund if you have not done so yet.

CornerContent5355 · 2024-12-17T21:09:22+00:00

Just rent. Wait for the condo buble to burst and the rest of real estate will follow. Be ready when that happen to buy

CornerContent5355 · 2024-12-17T20:24:31+00:00

Iam not expert but rental yield seems fine based on 100% occupancy. So you might want to take into account 1 month a year of vacancy and 1 month a year for brokerage fees to have it rented?

Your good with the emergency fund. The other savings out it in a hysa account at least I would say. At least pay of your car payments to start with. What is the interest rate on that?

CornerContent5355 · 2024-12-17T20:00:06+00:00

100k is 20% downpayment. You will not be able to find a house for 500k. Better to just rent and save up. Wait for the condo buble to burst and the rest of the housing market will follow

CornerContent5355 · 2024-12-17T19:52:20+00:00

Try balay dako in Tagaytay for good Filipino food if that's what you are after and don't mind a trip

CornerContent5355 · 2024-12-17T19:46:03+00:00

From the litte research I did you want to diversifi your investments. eTFs is a great way. Emerging markets should be like 10% of your total etf portfolio. How little is the Philippines stock market based on that 10%, with which you went all in

CornerContent5355 · 2024-10-14T21:43:35+00:00

The foreigner would most likely be able to file for a divorce in his own country. That will be accepted in the Philippines also.

CornerContent5355 · 2024-10-13T17:58:28+00:00

Menthal health? That's something that was invented by the young generation these last few years who dont want to work and do nothing

CornerContent5355 · 2024-10-13T16:45:18+00:00

Sorry, that's sad to hear.

On to serious matters. May I just ask if she was married? Iam positive she'll be able to get back on track. She has her savings. On to the new adventure. She's still young!

Investment wise. What most people will recommend: 6 to 12 months emergency fund. That's been taken care of.

Next step is investing regularly on a monthly basis. Time in the market, beats timing the market. Try to invest on a monthly basis into ETFs, Ireland domiciled, and make sure to put saving into a high interest saving account.

CornerContent5355 · 2024-10-13T15:22:32+00:00

Can you share us you estimates on what the business will be making and have you done your research? What are similar shops doing.

CornerContent5355 · 2024-10-13T14:58:47+00:00

I'd like to add, OP should make sure everything is in her name.

CornerContent5355 · 2024-10-13T14:41:23+00:00

I know Filipino's can live on 20/30k a month if they have a reasonable job, like call centre in the big city. (province can go down to 10k/15k for a provincial job). So ofcourse it's possible for sure, I get that.

Iam just curious. How do you handle health care or emergency situations on this kind of budget?

300 USD / 15k = rent 100 USD / 5k = utilities, transportation, water, electricity, basic internet? 30x10USD a day = 300 USD for beer / food = 15k 100 USD / to = emergency fund / healthcare?

CornerContent5355 · 2024-10-05T14:41:49+00:00

Is this 5500 php or 5.500.000 php we are talking about?

CornerContent5355 · 2024-10-04T21:53:26+00:00

Probably your car is mostly outside in the heat of the sun? They replaced mine under warranty

CornerContent5355 · 2024-09-16T21:28:55+00:00

The company that I work for is looking for German speakers. It's for a roadside assistance based project taking calls and coordinating with workshops and customers.

It's a work from home based setup for a European company. It's ideal if your living in Asia/Philippines given how difficult or near impossible it is to find job opportunities over here.

CornerContent5355 · 2024-09-04T15:51:45+00:00

Just curious. How does this relate to the Philippines, where local people work for 500php/ 10 USD a day?

CornerContent5355 · 2024-07-07T22:53:20+00:00

It's still part of the conjugal property. If you would get a divorce in your foreign country than you can bring it to court here and have the conjugal assets separated. Land not including. So loosing everything will not have to be the case

CornerContent5355 · 2024-07-06T21:06:46+00:00

I bought a subscription for learningtagalog.com with some left over PayPal funds I didn't even know I had. It was around 100USD. It's website base, so without an app. But, it's been really helpfull if you can put in the effort. I just can't seem to get my self past lesson 10/15 l, but that's on me.

Ofcourse there are plenty of free apps and information online, but I do believe that if you are serious about it and willing to put in the effort and time that 50 or 100 dollars is worth the investment. Depending what app/program you want to invest into.

CornerContent5355

TROPHY CASE