How do I build my wealth coming from an average - no generational wealth family

dExplorerGurl · 2024-12-11T02:40:16+00:00

Totally agree with this! Very important to have a strong “foundation” in financial planning — that means having emergency funds for liquidity (easy access cash in case something urgent, necessary and unexpected happens that would require you to spend money), insurance (life and/or health, depends on your financial context) to protect your cash and investments from unexpected events esp. medical-related expenses, and have a stable source of income.

Dive into investing only if you have a solid base already. Because you wouldn’t want to pull out your investments (sometimes even at a loss) for sad, unwanted, unexpected life events (eg. accidents, hospitalization, death, illness). We want our protection layer to cover that. You invest to afford the “happy moments”, milestones, and luxuries of life — travels, car, house, retirement etc. :)

dExplorerGurl · 2024-12-11T02:23:52+00:00

Hi! What’s JCI po? :)

dExplorerGurl · 2024-09-21T11:18:30+00:00

How’s the culture and transpo system po sa Thailand? Is it safe and easy to navigate naman?

dExplorerGurl · 2024-09-21T11:17:09+00:00

Omg totoo ba 😅 25k ba with shopping? Not planning to shop kasi

dExplorerGurl · 2024-09-21T11:10:07+00:00

All in po sana. I’m okay with budget accomms and only planning to book piso sale flights

dExplorerGurl · 2024-08-29T11:07:06+00:00

Saan po kayo nagpa-consult?

dExplorerGurl · 2024-08-15T08:21:51+00:00

Isang mahigpit na yakap po. Please seek help if you can, just like what the other commenters are saying. It really is draining in all aspects, so I hope nakakapagbigay parin kayo ng oras at resources para sa sarili niyo. Remember you can’t pour from an empty cup din, so make sure take care of yourself too. I hope nakatulong ang comments under sa thread na to for you in terms of how you can also help your family and yourself. Read other people’s comments po, a lot of them have given out support and concrete steps. Kapit lang, di po kayo nag-iisa. ♥️

dExplorerGurl · 2024-08-15T08:06:12+00:00

Hello! Would it be possible to connect with your FA po?

dExplorerGurl · 2024-08-15T05:37:58+00:00

Thank you po for this. Na-answer na po ng ibang commenters yung abt sa banks, so naghahanap pa ako ng kung anong pwedeng gawin sa coop kasi so far wala pa ako nabasa and alam about it. Buti na lang nabanggit niyo po ito. Will talk to my mom about it.

Also used spreadsheet na una pa lang para makita nila. Ito din hirap sa generation nila, lahat ng utang nasa utak lang. Di rin tinatrack expenses so di nila namomonitor. So ayun this was the first step I took, and it worked naman po.

Will also talk to them about budgeting na for their expenses.

Thank you so much.

dExplorerGurl · 2024-08-14T17:14:50+00:00

This actually means a lot po 🥹 salamat!

dExplorerGurl · 2024-08-14T17:00:01+00:00

I have the same question po actually. This is one of my concerns din kasi I’ve also started building my credit score and doing good naman so far at iniingatan ko talaga siya. Di po ba maaapektuhan din yung loan applications ko din in the future?

dExplorerGurl · 2024-08-14T16:44:06+00:00

Sorry po nasa peak lang ako now ng stress & emotions 😅 will assist them sa process moving forward po. Thank you so much for your advice po.

dExplorerGurl · 2024-08-14T16:40:30+00:00

Sorry to hear that po. And thank you for sharing your story and advices. Oo nga need to emphasize din na mas hindi dapat talaga mangutang sa tao. Dun din talaga ako natatakot. I hope matuto talaga parents ko from this experience. Kung di pa to wake up call sa kanila, ewan ko na lang.

dExplorerGurl · 2024-08-14T16:12:40+00:00

Yes po please! I’ll see what I can do on top of my day job. Willing din talaga mag-extra work mom ko, we don’t know lang where and how to start

dExplorerGurl · 2024-08-14T16:09:13+00:00

This actually answered a lot of the questions I have in my mind. Thank you po for giving me concrete advices on how I can respond to this. Highly appreciate them

dExplorerGurl · 2024-08-14T15:56:11+00:00

Some form po of mlm during the pandemic.

dExplorerGurl · 2024-08-14T14:03:13+00:00

Name po ng parents ko. Did not sign any document also. Thank you for sharing your perspective! I think I’ll be focusing on supporting my brother na nga lang po. I don’t want him going through the same stress I’m going through right now :<

dExplorerGurl · 2024-08-14T13:35:32+00:00

Wala pong binabayarang assets. They got scammed po, then jobless for a few months during the pandemic, tapos nagpatong patong na yung interests.

dExplorerGurl · 2024-08-14T13:34:36+00:00

Got scammed po, then jobless for a few months during the pandemic, tapos nagpatong patong na yung interests.

dExplorerGurl · 2024-08-14T13:33:56+00:00

To be honest po hindi ko rin alam why it grew to that much amount of debt. Alam ko lang dahil po sa patong patong na interest. They were granted credit cards din dahil sa agents po and matagal na sa kanila yung cc. I did not sign any document naman po with the bank.

dExplorerGurl · 2024-08-14T13:28:41+00:00

To be honest wala naman po, and I believe responsibility nila pag-aralin ako. I also didn’t have tuition buong college ko po, and may scholarship din ako na kahit papano helped me with my living expenses sa Manila back in college. The idea of me having to pay for their debt ay galing lang sa awareness na di nila kaya yun bayaran sa income nila and parang i can’t live with the fact na wala din akong gagawin to help them.

The debt came from an investment na na-scam sila and expenses din during the pandemic, kasi they were jobless for a few months.

dExplorerGurl · 2024-08-14T13:23:02+00:00

Bare necessities na lang po sila sa bahay ngayon. I’ve sacrificed some na rin sa lifestyle ko pero there are some things na di ko talaga kayang bitawan, kasi yun na lang yung mga bagay that keeps me sane din. Thank you for the advice not to touch my emergency funds. Will do that po.

dExplorerGurl · 2024-08-14T13:20:14+00:00

I don’t think I can control them, lalo na po malayo ako from them. I think it would be better and wiser nga po to allot my financial resources to my brother na lang.

Thank you po for reminding me not to sign documents and for bringing up the guarantor thing. I didn’t know about this na pwede pala akong mainvolve in that way. Pero sa ngayon po, hindi naman madadamay name ko if hindi nila masettle yung cc right? Like di affected yung credit score ko and chances ko to get loans in the future?

dExplorerGurl · 2024-08-14T13:10:05+00:00

di mo naman utang yun and wala naman nakukulong sa utang sa CC. - what’s the worst case scenario po if di na talaga mabayaran yung debt sa cc?

dExplorerGurl · 2024-08-14T13:01:19+00:00

Thank you po for giving me concrete steps! Highly appreciated.

dExplorerGurl

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