We're the same age and I appreciate how transparent you are with your financial plan. My plan is similar to yours re. the stock market with the compounding interest but I'm planning to keep adding to it until I'm 65 para more interest compounded haha (so maybe i'm not gonna FIRE 😂) Dont have a real estate investment yet though so hopefully that's something I can focus on soon. Really inspiring to have you be so transparent, it helps the viewers (like me!) to be more focused on the goal :)
I might keep on investing from 46-65 but no pressure na. I’m sure I’ll still be working thus the “plus barista fire”, don’t think I can ever stop working but it’s nice not to have to think about the money aspect of things anymore 😊 Also, visited your channel and subscribed!
We are older and just retired at age 55, but we are now completely financially independent and plan to travel the world full time for the next 10-15 years. We hope to inspire the younger generation in the FIRE movement to stay motivated to keep going and retire even younger than we did. We love channels like this one and are fully supportive. Consider following along on our adventure if you want motivation. Thanks and keep up the great content. John and Bev
Thank you for this! I’m currently 32 and plan to coast fire at 40. So happy that this movement is gaining attention in our country. We may not have it in school but we can be our planters for the future generation in advocating financial freedom 👍
I just started investing last year and my target is at 35 years old (9 years from now). It's nice to know that there are other people who are planning to retire early.
very detailed plan. for someone who plan on raising kids should also consider resources to support education and other needs. by the time they reach mid 40s-50s, their kids are entering or are in college. the magic amount using the 4% rule will be higher.
I really love your channel so I have shared it to my family and friends. I really believe that Filipinos have to be financially literate at an early age. Thank you for sharing your knowledge to many people.
Hi! I'm currently a 3rd yr. finance student in the Philippines and I just wanted to say I love your channel because your videos help me a lot in understanding the world of finance better. And it makes my learning academically and personally so much easier! Thanks and God Bless.
This video is a good way to spread awareness in the Philippines about FIRE. Keep producing this kind of content so that more and more Pinoys get to learn about handling their finances and escaping the rat race. 👍
Have 6M pesos worth in mixed equities/stocks/pref shares that has a modest to good growth rate by age 45 (5-7% is good but the higher is better). Dividend paying companies are a plus. And 1.5 - 2M pesos inside PAGIBIG MP2. OR, own multiple condo units or apartments, rent them out and keep the occupancy rate full. But this is just me. Lol.
I'm older than you, ilang yrs lang naman hihi, but I like to take your advices... I just had a financial breakdown last 2019( not spending money wisely, i do have a good business running, but i maxed all my cc dahil sa gimik, foods, mga bagay na walang wenta) so now i am suffering of paying off those debts, pero i claimed that this year i will be debt free and will start that FIRE movement along watching your videos 😘 kudos
Love the idea of geo arbitrage to be able to FIRE earlier in lower cost of living countries. I personally hope to lean FIRE then evolve to regular FIRE after compound interest takes over.
I’m 43 who has been living debt free, 3 properties paid off (UK and Hong Kong), investments in place and should be in position to retire by 46. Don’t have family or children so the plan is to continue working in the creative industry doing what I love, also supplement it with doing tennis coaching. Will split my time between UK and SE Asia.
Thank you soo much for this video, it helps a lot when you provide exact numbers in planning your retirement. It motivates us more to keep saving and more early planning.😀
Great content! As others mentioned, it nice to see na you’re spreading awareness sa mga Filipino especially retirement/financial planning. Stocks and real estate are the one of the best investments. You’re so smart for your age and love your RUclips presentation. I am in the states and have somewhat similar path as yours. Fortunately my husband is in the military, so he’ll get pension after 20 years of being in service. We do have the combination of his pension and rental incomes and will retire in 10 years. Would love to talk to you about money and your investments and collab money tips.
New subscriber here! I love your videos and I feel so inspired by them. I'm 25 and have recently started planning out my early retirement. 2 months ago I signed up on etoro to start my stock market journey for long-term investments. I hope you can also make videos detailing your stock market journey!
Sakin lang too early to retire yun 45 but if you mean retiring from corporate earlier is better then you venture into business not totally sitting around and just waiting for passive income. To be honest i already reached your retirement fund but still going hanggat kaya ko and still far from your retirement age. I think you’ll change your mind when you get to that 8 digit mark and think you can push to 9 digits. Trust me, when you do business parang sky’s the limit, you will not stop at 30m.
You are doing well. Keep it up. You look like still single, your plan may change along the way when you get married and likely having kids. Yet, your target 100k/month FAT fire should be great in PH cost of living to sustain your retirement.
First heard and watched FIRE from “Our Rich Journey’s” YT and glad you have this content which is more relatable for us here in PH :) Been watching your videos since October 2020 and I’m still learning a lot. God bless you more! ❤️
@@deadcell1 Thanks, I didn't know that, but regardless of why, i just think we need to factor it into everything. If you look back at ph history, we've had really awful inflation rates before, so we need to somehow hedge against it
@@Jerome-iwnl The best way to hedge against inflation is not to save in fiat currency but by purchasing assets. For example, if you purchased a home and 20 years later the inflation rate went up by 50% within that time frame your home will be worth at least 50% more than you brought it. Inflation is happening around the world. It's bad in the USA as well where I am originally from.
@@deadcell1 Yes, don't worry about me, I'm completely hedged against inflation of any fiat. My life savings are in deflationary assets for the most part.
I used to be interested in investing in real estate as well, but now opting to transfer to Reits since I want the fluidity to move and travel anytime, properties are not as easy to manage plus they require maintenance and tax settlements per year.
Taxes and maintenance are built into the rent. The tenant pays for all related expenses in a rental property. Property investment return in Phil is about 7.5%, second only to Vietnam
I stopped working 2 years ago June 30 2022 and i was 38 years old. I’m 40 years old right now. I moved back here in the Philippines after living and working in the United States. My current income right now is around 300$ per month. Don’t worry the cost living here in the Philippines is low. I got a simple lifestyle and all the leisure that i enjoy doing are free such as walking, reading and swimming. I was fortunate that I’ve been able to purchase a modest home in a gated subdivision before retiring. The subdivision has a 83 hectares of area to walk around and it has a swimming pool, tennis court and basketball court. I’m in the low and poor income bracket. But the good part is my income is purely passive. Which means that l don’t have to work and like magic money will be on my bank account monthly until the rest of my life. As long as I live below my means. I may look and live poor but the good part is that i don’t have to work and listen to the bullshit and nonsense of a work place. You can definitely buy happiness and peace mind and its cheap.
I really enjoyed the video, you’re killing it on your journey. I have been consuming FIRE content since 2010 and this was one of the best I’ve seen. Keep up the great work. I predict you will get to your goal much faster than 45 with just this channel alone.
I have been saving up like crazy. The lockdown and work from home really helped a lot. I save 60 to 70 percent of my salary to savings. I have 9 different bank accounts. I have an MP2. I am investing in the Equities Market through COL and AB Capital. I have a mutual fund through Sun Life and GCash invest ( BPI, ATRAM). Now these are small investments. I dont have plans to retire really soon but my plan that when I reach 50 years old I will have 5 to 7 Million in Liquid Asset. By the time, maybe I can stop the 9 hour office work. I can maybe work part time and do stock market trading on the side.
Yes, I did mention that I aim to Net 55k from the rental properties and Taxes are already factored in my stocks goal. 😊 Thank you, I should emphasize it more next time.
Amazing content. You were the first person I heard discussing about fire. I really like the idea and planning to do the same. Anyway, do you have a video about your sources of income and side hustles you would suggest? Also, just wanted to tell you that Im so grateful that i came across your channel. 💖💯
I retired 22 years ago at 45. I did not have a pile of money. I didn't even plan to retire. I had enough money to not work for 1 year so took some time off. Then my hobbies started earning money and I never went back to work. Kind of hard to define what "retire" means.
29 y.o here and i don't realy intend to retire early but i wanna be financially free by the age of 40. My goal is to have enough savings that could generate me my desired monthly income. That way, i feel more secured that no matter happens whether i lost my job or unable to work anymore, i don't have any problem where to get money. I also intend to work less after reaching 40 y.o to do my passion and the things that i love.
Thanks for making this known for many Filipinos! I've been doing FIRE a few years back and currently have two paths: I can either Barista FIRE in 8 years if I do a conservative route in investing it all in stocks/index but I can achieve FIRE with 2 real estate properties (similar to your plan) within the next 8 years as well which is riskier. I am still contemplating as I have 2 years till I get the property that will start earning rental income so I'm going to assess that and see if I will continue with a second property investment or go for the conservative stock investing route. Good luck and hope that we all achieve our goals! Kapit lang :D
Im really curious as to what part in the plan would change or be affected once you get married or have children?, how you plan to cope with the changes? Or when you have joint accounts with your partner(if you will). Please explain, I’m kinda curious how we can maneuver through the changes. Thank you
I’ve talked to my partner and we aim to raise our “monthly expenses” to 150k-200k (0-2 children), and he wants to barista fire (maybe we’ll have a joint income of 50k/month from part time work). I will be handling our investments but I don’t pressure him to be as aggressive as my FAT fire. He also has funds and stocks and we both own the condo. We might need to add 1 more property. Context: We already have joint accounts right now, our stock brokerage is joint, and we already own a property together.
Working abroad as an OFW while young and single is the most practical decision that a person makes, maybe right after graduated from college. Why? Because, retirement money can now able to grow and work for them even if a person wants to have their own family someday. Investing while teenagers and early 20s is the key to early retirement. Retiring is about having sufficient amount of income needed to cover living expenses even without need to work for a living. This is reality because most companies here in the Philippines don't hire middle to old age persons, unlike those living in developed countries. Some children can now working at home during their free time while studying. A practical tip, instead of buying a car, invest on health care fund and retirement first. Try commuting so you can able to save and invest as much as you can to achieve long term financial stability. Delayed gratification is the key.
Hello, income has been so I have to work extra hard the next 2-3 years. But I invested a lot mid-2020 and investments are up right now. Got a lot of them at discount prices.
Glad to see the concept of FIRE 🔥 is picking up steam in the Philippines. My plan is to use geoarbitrage my moving from my current location in New York to the Philippines. My monthly budget would be about $4K which I feel should be enough to live a comfortable life anywhere in the Philippines. Do you think $4K is sufficient? Are there any FIRE meet ups in Manila? Would love to chat with like minded individuals next time I’m in the Philippines which will probably be a while bc of Covid. Keep up the great work and I’m excited to see your FIRE journey!!
@@CharmdeLeon would most likely rent. Don’t want to be tight down to one location so renting would allow me the flexibility I want. Thanks for your prompt response.
@@CharmdeLeon what are the historical returns growth rate that you are projecting( for US S&P or total stock marketindex about 11%) for your investments. As I am sure you know William Bengen who came up with that actually used 4 % for the worst 30 yr period in recent US stock market history. from 1926 onwards. 4% withdrawal rate led to 95% success rate for your money not running out over 30 yrs and was based on a 50% stock index and 50% bonds. the actual SWR varied quite a bit but 4% was the one that worked for the worst 30 yr period. he personally uses 5% in one article where he was interviewed over the past year or two. if you are chanelling JL Collins( Simple Path to Wealth) he uses about 5% also. i am planning on 4.5% to 5% myself but i am US based. ( 95% stocks and 5% cash for now since bonds will have nowhere to go but down in the current environment- i will eventually put 20% in bonds in a year or so). i am not young ,55 now, and deciding whether to continue working or retire. i can retire for now but a little more financial cushion always helps. the 4 % rule has you liquidating your assets at that percentage. so you touch your principal but you expect your portfolio to continue to grow . it is not living off the dividends/interest approach only i have always wondered what the right SWR numbers would be for other investment scenarios in other countries. it may be higher or might be lower, especially since local inflation rates affect that sustainability. i am asking and not challenging but i don't think the 4% rule is automatically applicable to other asset allocations in other countries. it is good you are into this. my siblings in the Philippines have no idea on investing or projecting retirement scenarios.
@@Random-ld6wg it’s true that there aren’t much studied for other countries (especially third world), 4% is possible but you’d have to be aggressive for sure. Stocks + Real Estate. Which are both high risk. Add some index funds/ETFs for “diversity”. I hope that there would be more studies of these done here but for now, it’s the “high risk investments” that can pay off these amounts.
@@CharmdeLeon you have to figure in how the inflation rate will affect your sustainability. the change in Consumer price index for the Philippines for January compared to the previous year was 4.2%( from The Economist latest issue. ) the approach for applying the power of compounding in investments anywhere on the world will be the same.( start early, live below your means, save a significant percentage of your income and be aggressive with a long investment horizon....) the numbers though i am sure will vary quite a bit. you also have to mix in some stable assets. the success rate actually comes down when get above 80% stock exposure/20% bonds(again US based info) , due to the volatility. you can see this playing with retirement planning calulators running a Monte Carlo analysis. as mentioned i am guilty of this at this time . my 7.5% cash is more than 2 years of living expenses( based on our current consumption) so this will allow me to ride out a 2 year slump in equities.
Hi! Happy to have found your channel. Just out of curiosity, do you have access to funds like VOO and VTI or versions of broad market low-cost type of index funds in the Philippines? Also, are there options to put it in a tax sheltered government program like a Traditional and roth IRA’s in the US? Love the presentation!
Yes, I’m currently invested in VOO right now but for our local version of that, we only have 1 ETF - FMETF. There are tax free investment options as well like Pag-ibig MP2 and P.E.R.A.
We wouldn't be worrying about retirements and even working in a 9-to-5 job if only Filipinos had the habit of practicing intergenerational wealth. It sucks that we have to be the wealthiest of "Chinoys" to even understand what that means.
I was searching for early retirement plans expecting to see some oldie like me and huh what do I found, a pretty young girl planning way ahead for retirement. Now that's being smart. When I was this age all I can think of are the pretty girls everywhere.
Tips to retire at 40: find job that still offers pension, burn overtime hours so your boss will notice you and increase your basic salary, don't have kids. Then, your all set.
Question po.. I assumed you bought your first property or condo using a bank loan and you are planning to have your condo rented out and earn 25k/month net income. Did you already consider the amortization you will need to pay for your loan plus other expenses like HOA? If yes, your rental gross income must be around 40k? Thanks po pala sa part 1 and this part 2 video, I learned a lot :)
For the 80% yes, I might loan out from my business, we’ll see but otherwise, amortization would be around 25-26k/month (6%-conservative). Target rental rate is 30,000 (with Dues) 😊 Cheap lang dues where I am (2-3k maybe). I always assume the 20% to be in Cash as downpayment thus the computations.
don't invest in a condo or house for rental purposes. you don't always have tenants. you invest in condo for price increases and sell them after. condo is a bad long term investment because it has a life span. after 20years the property might stop appreciate in value because the building is old, and there are new ones that are better. also don't buy pre built houses because the mark up is way too high. better to buy land and hire a contractor to build the house for you. it will be cheaper that way. always look for commercial properties, you can't go wrong with commercial properties, residential properties most of the time are useless, like properties inside subdivisions. it's very hard to resell those kinds of properties (depends on the location).
Hi Charm im watching your videos....just want to ask curious lang based from this video you're setting up your retirement plan or FIRE is your bf or future husband considered here in this plan or this is just planned by you as single individual.Db when you reach 45 ok na set up na ang retirement plan mo ibig ba sabihin ikaw as single ngaun ang nag plan then your future partner d pa nya alam the moment you settle with your family all set na lahat.ganon ba ang idea jan? Or should i say swerte ni future husband kc all set na at well planned na ang lahat sau as he come in.just curious lng kc im also planning about this.sana mapansin mo to il be glad to hear it from you.
Hello! I planned this as a single individual. Me and my bf talked about this recently before I made this video and decided on our FIRE number but since there are still hypotheticals like kids and his goals and income are not in my control, I decided to share my FIRE goals first. He wants to pursue more of a Barista Fire.
Thank you so much Charm for taking time to answer my question,at this moment din kc gusto ko na i set ang FIRE pero husband ko medyo di mkasakay sa mga plan ko kya naisipan ko itanong sau ang ganon on my part il be trying hard to have my FIRE goal pero ung husband ko lutang so meaning i have to work it on my own and in our older years kung ano man ung comfort na makakamtan dahil sa setting up my fire goal syempre kasama pa rin sya. How i wish lng na ung husband ko sana same kmi ng mindset.Medyo nauubusan na rin ako ng panahon im already in my 40's how and what type of FIRE goal can you suggest for an early 40's like me. Im still willing at i do doble time ko by all means para makamit ang FIRE even on my late 40's or early 50's is it still possible?😊
@@niceday2078 super possible! A lot of people fire between 8-10 years but frugal dapat and kayod talaga. Suggest Barista FIRE to your husband. It might be more appealing kasi smaller FI number and you get to pursue your passions after (considering that you’ll be earning from them “part time”).
Bagsak ngaun ang rental . I’ve been in Real estate for 13 years before 50k ang rent in moa projects now 20k-25k. I invested 3 condo an Di have 2 houses also pero fully paid na .
I have a doubt. Since you have calculated your FIRE amount in Dollars how does the exchange rate affect your portfolio which is in Pesos? I have calculated my FIRE amount in Dollars but adjusted to Rupees (Indian currency). So will the Dollar rising agaisnt Ruppees effect my portfolio negatively? Or will the 4 % balance it out no matter the exchange rate? So if the Dollar value rises agaisnt the pesos and the pesos cost more (For example as of now it is 1 dollar = 50 pesos but what if it gets 1 dollar = 60 pesos) will the portfolio money run out? Or will it somehow balance itself out.
We're the same age and I appreciate how transparent you are with your financial plan. My plan is similar to yours re. the stock market with the compounding interest but I'm planning to keep adding to it until I'm 65 para more interest compounded haha (so maybe i'm not gonna FIRE 😂) Dont have a real estate investment yet though so hopefully that's something I can focus on soon. Really inspiring to have you be so transparent, it helps the viewers (like me!) to be more focused on the goal :)
I might keep on investing from 46-65 but no pressure na. I’m sure I’ll still be working thus the “plus barista fire”, don’t think I can ever stop working but it’s nice not to have to think about the money aspect of things anymore 😊 Also, visited your channel and subscribed!
@@CharmdeLeon Yes agree! And thank you!! Though our content is on the opposite ends of the spectrum (haha!) its nice to have a friend here! 😊😊💕
@@TrishaCamille it may not look like it but I like investing in quality pieces too 😂 I know my channel makes me look like I’m very frugal 😂
@@CharmdeLeon It does! But well, its also good to reward yourself once in a while, as long as we meet our financial goals ❤
@@CharmdeLeon
P
We are older and just retired at age 55, but we are now completely financially independent and plan to travel the world full time for the next 10-15 years. We hope to inspire the younger generation in the FIRE movement to stay motivated to keep going and retire even younger than we did. We love channels like this one and are fully supportive. Consider following along on our adventure if you want motivation. Thanks and keep up the great content. John and Bev
That sounds so cool that you are traveling the world for 15 years. You guys must have saved really well!!! I plan to follow your channel.
Thank you for this! I’m currently 32 and plan to coast fire at 40. So happy that this movement is gaining attention in our country. We may not have it in school but we can be our planters for the future generation in advocating financial freedom 👍
Yes! 🤗💕
I just started investing last year and my target is at 35 years old (9 years from now). It's nice to know that there are other people who are planning to retire early.
I plan to retire by 35! Lets go girl! God help 🙏🏻👆🏻
very detailed plan. for someone who plan on raising kids should also consider resources to support education and other needs. by the time they reach mid 40s-50s, their kids are entering or are in college. the magic amount using the 4% rule will be higher.
Stephen graham + R2APH + Books = Ultimate knowledge :D
Grabe from time to time binabalikan ko tong video mo na ito! Thank you for uploading this kind of vid
I really love your channel so I have shared it to my family and friends. I really believe that Filipinos have to be financially literate at an early age. Thank you for sharing your knowledge to many people.
Thank you! I appreciate that so much!
Hi! I'm currently a 3rd yr. finance student in the Philippines and I just wanted to say I love your channel because your videos help me a lot in understanding the world of finance better. And it makes my learning academically and personally so much easier! Thanks and God Bless.
Thank you and God bless you, too! 😍🤗✌🏻
This video is a good way to spread awareness in the Philippines about FIRE. Keep producing this kind of content so that more and more Pinoys get to learn about handling their finances and escaping the rat race. 👍
I'm super thankful I found your vlogs at 18. Your vids make me super inspired to plan out my life. Thanks, Miss Charm!!
Have 6M pesos worth in mixed equities/stocks/pref shares that has a modest to good growth rate by age 45 (5-7% is good but the higher is better). Dividend paying companies are a plus. And 1.5 - 2M pesos inside PAGIBIG MP2. OR, own multiple condo units or apartments, rent them out and keep the occupancy rate full. But this is just me. Lol.
Ok to diversified!
I'm older than you, ilang yrs lang naman hihi, but I like to take your advices... I just had a financial breakdown last 2019( not spending money wisely, i do have a good business running, but i maxed all my cc dahil sa gimik, foods, mga bagay na walang wenta) so now i am suffering of paying off those debts, pero i claimed that this year i will be debt free and will start that FIRE movement along watching your videos 😘 kudos
I love the determination! No about if bad decisions in the past can stop us, I’m rooting for you! 🥳
The comment section is so encouraging seeing people na same mindset yung open minded lang and, lets be friends y'all 🙏🏻
No hate dito 🚫😂🥰
@@CharmdeLeon Yes the exact environment I needed, lets be all rich together!! In God's will and help btw you look younger for your age po
@@qhuizatlantis8484 thank you 🙏🏻💕
I'mma bit jelly.. You have it all figured out at a very young age.. Wish I have the same mindset when I was on my 20s..
I’m also still figuring things out but thank youuu
Thank you for this. Very insightful. Main takeaway is to diversify investments and in addition, upskill. Live and enjoy in the present as well.
Amazing video! Thanks for educating the current generation about the FIRE movement! Keep it up!
Love the idea of geo arbitrage to be able to FIRE earlier in lower cost of living countries. I personally hope to lean FIRE then evolve to regular FIRE after compound interest takes over.
I’m 43 who has been living debt free, 3 properties paid off (UK and Hong Kong), investments in place and should be in position to retire by 46.
Don’t have family or children so the plan is to continue working in the creative industry doing what I love, also supplement it with doing tennis coaching. Will split my time between UK and SE Asia.
Naol
Thank you soo much for this video, it helps a lot when you provide exact numbers in planning your retirement. It motivates us more to keep saving and more early planning.😀
Thank you so much for talking about this
Great content! As others mentioned, it nice to see na you’re spreading awareness sa mga Filipino especially retirement/financial planning. Stocks and real estate are the one of the best investments. You’re so smart for your age and love your RUclips presentation.
I am in the states and have somewhat similar path as yours. Fortunately my husband is in the military, so he’ll get pension after 20 years of being in service. We do have the combination of his pension and rental incomes and will retire in 10 years. Would love to talk to you about money and your investments and collab money tips.
not skipping ads💪🏼
Subscribed! 🖤 I'm a financial advisor, and I started investing at 22, turning 23 this March. Now, I'm planning to retire by 45 too. 💕
Yaaaay! Leggo!
Let's! 💕
kudos! very informative! thank u
New subscriber here! I love your videos and I feel so inspired by them. I'm 25 and have recently started planning out my early retirement. 2 months ago I signed up on etoro to start my stock market journey for long-term investments. I hope you can also make videos detailing your stock market journey!
Thank you for educating us 😊
Sakin lang too early to retire yun 45 but if you mean retiring from corporate earlier is better then you venture into business not totally sitting around and just waiting for passive income. To be honest i already reached your retirement fund but still going hanggat kaya ko and still far from your retirement age. I think you’ll change your mind when you get to that 8 digit mark and think you can push to 9 digits. Trust me, when you do business parang sky’s the limit, you will not stop at 30m.
We're also planning to achieve FIRE!!
Yessss! The more, the better for proof of concept for future generations!
Great job Charm. Thank you for sharing your knowledge.
More power Ready2Adult Channel! Learning a lot from this channel. God bless you Charm! FAT FIRE :)
Brilliant! Glad I tumbled upon your chanel and so grateful for it.
This platform deserves wide viewers! Thank you for spreading this kind of topic. I learned a lot from you Ms, Charmaine. LODI! Thank you!
😍😍😍
This is very informative 👏🏻👏🏻👏🏻 Thanks for creating this content
You are doing well. Keep it up.
You look like still single, your plan may change along the way when you get married and likely having kids.
Yet, your target 100k/month FAT fire should be great in PH cost of living to sustain your retirement.
Starting to learn about FIRE because I get burnt out easily and I don't see myself working until I'm older
You're such an inspiration Ms Charm. I enjoy watching ur videos.. God bless u.
Very smart for someone your age; and the video is very informative; job well done. Keep up the good work!
Thank you! 🙏🏻✌🏻
I'm retired at 28 and its been a year now. I think I feel bored sometimes
share your journey. ❤️❤️❤️
Awesome video maam... I hope more people will be more financially independent... More happy Filipinos are more Productive Filipinos :)
First heard and watched FIRE from “Our Rich Journey’s” YT and glad you have this content which is more relatable for us here in PH :) Been watching your videos since October 2020 and I’m still learning a lot. God bless you more! ❤️
Thank you! I hope to see more Filipinos documenting their FIRE journey as well, to shed light and inspire fellow Filipinos
Im in my 20 yr old, and your ideas in this channel really adds to my knowledge of investing. Very straight to the point.
You need to take inflation into consideration tho, it can get pretty crazy here in the Philippines
That's because the PHP is pegged to the dollar and the inflation from the US is being exported to the Philippines as a result.
@@deadcell1 Thanks, I didn't know that, but regardless of why, i just think we need to factor it into everything. If you look back at ph history, we've had really awful inflation rates before, so we need to somehow hedge against it
@@Jerome-iwnl The best way to hedge against inflation is not to save in fiat currency but by purchasing assets. For example, if you purchased a home and 20 years later the inflation rate went up by 50% within that time frame your home will be worth at least 50% more than you brought it. Inflation is happening around the world. It's bad in the USA as well where I am originally from.
@@deadcell1 Yes, don't worry about me, I'm completely hedged against inflation of any fiat. My life savings are in deflationary assets for the most part.
I started FIRE at 30. I started real estate investment at 28. I started life insurance at 27.
I used to be interested in investing in real estate as well, but now opting to transfer to Reits since I want the fluidity to move and travel anytime, properties are not as easy to manage plus they require maintenance and tax settlements per year.
Taxes and maintenance are built into the rent. The tenant pays for all related expenses in a rental property. Property investment return in Phil is about 7.5%, second only to Vietnam
Thanks for this. Really helpful.
I plan to retire by 50 since I started saving so late but hopefully I dont need to work after 50
I stopped working 2 years ago June 30 2022 and i was 38 years old. I’m 40 years old right now. I moved back here in the Philippines after living and working in the United States. My current income right now is around 300$ per month. Don’t worry the cost living here in the Philippines is low. I got a simple lifestyle and all the leisure that i enjoy doing are free such as walking, reading and swimming. I was fortunate that I’ve been able to purchase a modest home in a gated subdivision before retiring. The subdivision has a 83 hectares of area to walk around and it has a swimming pool, tennis court and basketball court. I’m in the low and poor income bracket. But the good part is my income is purely passive. Which means that l don’t have to work and like magic money will be on my bank account monthly until the rest of my life. As long as I live below my means. I may look and live poor but the good part is that i don’t have to work and listen to the bullshit and nonsense of a work place. You can definitely buy happiness and peace mind and its cheap.
Thank you. I learned a lot!!!
I really enjoyed the video, you’re killing it on your journey. I have been consuming FIRE content since 2010 and this was one of the best I’ve seen. Keep up the great work. I predict you will get to your goal much faster than 45 with just this channel alone.
very informative and inspiring.. more power to you.. 😊
I have been saving up like crazy. The lockdown and work from home really helped a lot. I save 60 to 70 percent of my salary to savings. I have 9 different bank accounts. I have an MP2. I am investing in the Equities Market through COL and AB Capital. I have a mutual fund through Sun Life and GCash invest ( BPI, ATRAM). Now these are small investments. I dont have plans to retire really soon but my plan that when I reach 50 years old I will have 5 to 7 Million in Liquid Asset. By the time, maybe I can stop the 9 hour office work. I can maybe work part time and do stock market trading on the side.
This is amazing im 18 and im learning a lot
I hope next time you also take note about the taxes that you will be paying and how it can affect your desired 100k a month goal:)
Yes, I did mention that I aim to Net 55k from the rental properties and Taxes are already factored in my stocks goal. 😊 Thank you, I should emphasize it more next time.
@@CharmdeLeon goodluck on your journey;)
Amazing content. You were the first person I heard discussing about fire. I really like the idea and planning to do the same. Anyway, do you have a video about your sources of income and side hustles you would suggest? Also, just wanted to tell you that Im so grateful that i came across your channel. 💖💯
Check these : ruclips.net/video/0fDQ_S-2vbU/видео.html
ruclips.net/video/RFvln4shU2k/видео.html
Galing nyo po mag paliwanag maam.God bless
I retired 22 years ago at 45. I did not have a pile of money. I didn't even plan to retire. I had enough money to not work for 1 year so took some time off. Then my hobbies started earning money and I never went back to work. Kind of hard to define what "retire" means.
29 y.o here and i don't realy intend to retire early but i wanna be financially free by the age of 40. My goal is to have enough savings that could generate me my desired monthly income. That way, i feel more secured that no matter happens whether i lost my job or unable to work anymore, i don't have any problem where to get money. I also intend to work less after reaching 40 y.o to do my passion and the things that i love.
Rooting for you, ron! 🥳
Thanks for making this known for many Filipinos! I've been doing FIRE a few years back and currently have two paths: I can either Barista FIRE in 8 years if I do a conservative route in investing it all in stocks/index but I can achieve FIRE with 2 real estate properties (similar to your plan) within the next 8 years as well which is riskier. I am still contemplating as I have 2 years till I get the property that will start earning rental income so I'm going to assess that and see if I will continue with a second property investment or go for the conservative stock investing route. Good luck and hope that we all achieve our goals! Kapit lang :D
Woohooo! Go you, I’m cheering you on!
The one you’ll marry - the most important investment you’ll ever make in your life
Good on you mate
Hi I'm a fan =) you're so galing new subscriber here =)
Awesome content! Im 30, planning to lean fire by 40!
Im really curious as to what part in the plan would change or be affected once you get married or have children?, how you plan to cope with the changes? Or when you have joint accounts with your partner(if you will). Please explain, I’m kinda curious how we can maneuver through the changes. Thank you
I’ve talked to my partner and we aim to raise our “monthly expenses” to 150k-200k (0-2 children), and he wants to barista fire (maybe we’ll have a joint income of 50k/month from part time work). I will be handling our investments but I don’t pressure him to be as aggressive as my FAT fire. He also has funds and stocks and we both own the condo. We might need to add 1 more property.
Context: We already have joint accounts right now, our stock brokerage is joint, and we already own a property together.
Working abroad as an OFW while young and single is the most practical decision that a person makes, maybe right after graduated from college. Why? Because, retirement money can now able to grow and work for them even if a person wants to have their own family someday. Investing while teenagers and early 20s is the key to early retirement. Retiring is about having sufficient amount of income needed to cover living expenses even without need to work for a living. This is reality because most companies here in the Philippines don't hire middle to old age persons, unlike those living in developed countries. Some children can now working at home during their free time while studying. A practical tip, instead of buying a car, invest on health care fund and retirement first. Try commuting so you can able to save and invest as much as you can to achieve long term financial stability. Delayed gratification is the key.
Are your investment plans/FIRE plan affected by covid? Specially stocks? I am so curious
Hello, income has been so I have to work extra hard the next 2-3 years. But I invested a lot mid-2020 and investments are up right now. Got a lot of them at discount prices.
So with Coast FIRE, you technically don't need to work anymore, but you still do, because you want to? Thanks. 🙂
This is amazing! I am all about this and love how you broke this down!
Thanks! Your channel inspired me a lot to make my own video about FIRE!
Glad to see the concept of FIRE 🔥 is picking up steam in the Philippines. My plan is to use geoarbitrage my moving from my current location in New York to the Philippines. My monthly budget would be about $4K which I feel should be enough to live a comfortable life anywhere in the Philippines. Do you think $4K is sufficient?
Are there any FIRE meet ups in Manila? Would love to chat with like minded individuals next time I’m in the Philippines which will probably be a while bc of Covid.
Keep up the great work and I’m excited to see your FIRE journey!!
$4k should be okay, especially since you’ll either be renting of buying a...condo?
@@CharmdeLeon would most likely rent. Don’t want to be tight down to one location so renting would allow me the flexibility I want. Thanks for your prompt response.
Learned a lot from watching your content!
Im trying the lean fire 😊
Hi, would'nt multiplying by 25 (i.e. 4% rule) be based on a retirement of 30 years. Because you are retiring early you would need to save even more.
Not necessarily because you’re not touching your capital and ideally it can last you forever.
@@CharmdeLeon what are the historical returns growth rate that you are projecting( for US S&P or total stock marketindex about 11%) for your investments.
As I am sure you know William Bengen who came up with that actually used 4 % for the worst 30 yr period in recent US stock market history. from 1926 onwards. 4% withdrawal rate led to 95% success rate for your money not running out over 30 yrs and was based on a 50% stock index and 50% bonds. the actual SWR varied quite a bit but 4% was the one that worked for the worst 30 yr period. he personally uses 5% in one article where he was interviewed over the past year or two. if you are chanelling JL Collins( Simple Path to Wealth) he uses about 5% also. i am planning on 4.5% to 5% myself but i am US based. ( 95% stocks and 5% cash for now since bonds will have nowhere to go but down in the current environment- i will eventually put 20% in bonds in a year or so). i am not young ,55 now, and deciding whether to continue working or retire. i can retire for now but a little more financial cushion always helps.
the 4 % rule has you liquidating your assets at that percentage. so you touch your principal but you expect your portfolio to continue to grow . it is not living off the dividends/interest approach only
i have always wondered what the right SWR numbers would be for other investment scenarios in other countries. it may be higher or might be lower, especially since local inflation rates affect that sustainability.
i am asking and not challenging but i don't think the 4% rule is automatically applicable to other asset allocations in other countries.
it is good you are into this. my siblings in the Philippines have no idea on investing or projecting retirement scenarios.
@@Random-ld6wg it’s true that there aren’t much studied for other countries (especially third world), 4% is possible but you’d have to be aggressive for sure. Stocks + Real Estate. Which are both high risk. Add some index funds/ETFs for “diversity”. I hope that there would be more studies of these done here but for now, it’s the “high risk investments” that can pay off these amounts.
@@CharmdeLeon you have to figure in how the inflation rate will affect your sustainability. the change in Consumer price index for the Philippines for January compared to the previous year was 4.2%( from The Economist latest issue. )
the approach for applying the power of compounding in investments anywhere on the world will be the same.( start early, live below your means, save a significant percentage of your income and be aggressive with a long investment horizon....) the numbers though i am sure will vary quite a bit.
you also have to mix in some stable assets. the success rate actually comes down when get above 80% stock exposure/20% bonds(again US based info) , due to the volatility. you can see this playing with retirement planning calulators running a Monte Carlo analysis. as mentioned i am guilty of this at this time . my 7.5% cash is more than 2 years of living expenses( based on our current consumption) so this will allow me to ride out a 2 year slump in equities.
Hello. Im planning to invest in US stocks for the long term. What broker that you're using?
New subscriber here ❤️
Welcome to the channel! ❣️
Hi! Happy to have found your channel. Just out of curiosity, do you have access to funds like VOO and VTI or versions of broad market low-cost type of index funds in the Philippines? Also, are there options to put it in a tax sheltered government program like a Traditional and roth IRA’s in the US? Love the presentation!
Yes, I’m currently invested in VOO right now but for our local version of that, we only have 1 ETF - FMETF. There are tax free investment options as well like Pag-ibig MP2 and P.E.R.A.
We wouldn't be worrying about retirements and even working in a 9-to-5 job if only Filipinos had the habit of practicing intergenerational wealth. It sucks that we have to be the wealthiest of "Chinoys" to even understand what that means.
I was searching for early retirement plans expecting to see some oldie like me and huh what do I found, a pretty young girl planning way ahead for retirement. Now that's being smart. When I was this age all I can think of are the pretty girls everywhere.
Yay!!!!!
Very informative and well explained ❤ Have you considered inflation rate on your furture monthly expenses especially by the time you retire?
Yes ☺️ future Spouse’s income and children weren’t included though.
Tips to retire at 40: find job that still offers pension, burn overtime hours so your boss will notice you and increase your basic salary, don't have kids. Then, your all set.
The don't have kids is legit. 😬 Childfree here.
I’m 43 pero malabo na magretire ako ng 45. I have 3 condo na binayaran thru bank .
Believa ma'am uyy on my way to Part-time FIRE too... Thx to the stock market, the great equalizer lol
Question po.. I assumed you bought your first property or condo using a bank loan and you are planning to have your condo rented out and earn 25k/month net income.
Did you already consider the amortization you will need to pay for your loan plus other expenses like HOA? If yes, your rental gross income must be around 40k?
Thanks po pala sa part 1 and this part 2 video, I learned a lot :)
For the 80% yes, I might loan out from my business, we’ll see but otherwise, amortization would be around 25-26k/month (6%-conservative). Target rental rate is 30,000 (with Dues) 😊 Cheap lang dues where I am (2-3k maybe).
I always assume the 20% to be in Cash as downpayment thus the computations.
4 hour workweek book only works if you have created a passive income that produces you cash flow…otherwise it’s not for those working a 9-5 job
Gapa-abot jud ko aning ending part permi ba :D
Bisaya ray maka sabot 😂
Kasabot man kuh, dili man kuh bisaya chavacano man kuh 😅
@@ronellacastesantos563 aw kasabot sad diay! Hahahaha
@@CharmdeLeon watching from Zamboanga City, very helpful video i learned a lot from this.
@@ronellacastesantos563 😁
don't invest in a condo or house for rental purposes. you don't always have tenants. you invest in condo for price increases and sell them after. condo is a bad long term investment because it has a life span. after 20years the property might stop appreciate in value because the building is old, and there are new ones that are better. also don't buy pre built houses because the mark up is way too high. better to buy land and hire a contractor to build the house for you. it will be cheaper that way.
always look for commercial properties, you can't go wrong with commercial properties, residential properties most of the time are useless, like properties inside subdivisions. it's very hard to resell those kinds of properties (depends on the location).
What if I am planning to retire at the age of 45 im 19 years old but I plan to start at the age of 20 what bank should I consider?
I don't really have a money and I am planning to get my retirement fund in my part time jobs and I think I need a bank to accomplish my goal
Nakakatawa yung trigger warning. 😂 Thanks for that 😆
Just in case may mga sumasakit ang ulo sa numbers 😂
Hi Charm im watching your videos....just want to ask curious lang based from this video you're setting up your retirement plan or FIRE is your bf or future husband considered here in this plan or this is just planned by you as single individual.Db when you reach 45 ok na set up na ang retirement plan mo ibig ba sabihin ikaw as single ngaun ang nag plan then your future partner d pa nya alam the moment you settle with your family all set na lahat.ganon ba ang idea jan? Or should i say swerte ni future husband kc all set na at well planned na ang lahat sau as he come in.just curious lng kc im also planning about this.sana mapansin mo to il be glad to hear it from you.
Hello! I planned this as a single individual. Me and my bf talked about this recently before I made this video and decided on our FIRE number but since there are still hypotheticals like kids and his goals and income are not in my control, I decided to share my FIRE goals first. He wants to pursue more of a Barista Fire.
Thank you so much Charm for taking time to answer my question,at this moment din kc gusto ko na i set ang FIRE pero husband ko medyo di mkasakay sa mga plan ko kya naisipan ko itanong sau ang ganon on my part il be trying hard to have my FIRE goal pero ung husband ko lutang so meaning i have to work it on my own and in our older years kung ano man ung comfort na makakamtan dahil sa setting up my fire goal syempre kasama pa rin sya. How i wish lng na ung husband ko sana same kmi ng mindset.Medyo nauubusan na rin ako ng panahon im already in my 40's how and what type of FIRE goal can you suggest for an early 40's like me. Im still willing at i do doble time ko by all means para makamit ang FIRE even on my late 40's or early 50's is it still possible?😊
@@niceday2078 super possible! A lot of people fire between 8-10 years but frugal dapat and kayod talaga. Suggest Barista FIRE to your husband. It might be more appealing kasi smaller FI number and you get to pursue your passions after (considering that you’ll be earning from them “part time”).
Thank you so much Charm God bless sa inyong channel you and your bf more blessings to come.
Planning to retire at 40......Fat fire let's go
Let’s goooo!
Bagsak ngaun ang rental . I’ve been in Real estate for 13 years before 50k ang rent in moa projects now 20k-25k. I invested 3 condo an Di have 2 houses also pero fully paid na .
I have a doubt. Since you have calculated your FIRE amount in Dollars how does the exchange rate affect your portfolio which is in Pesos?
I have calculated my FIRE amount in Dollars but adjusted to Rupees (Indian currency). So will the Dollar rising agaisnt Ruppees effect my portfolio negatively? Or will the 4 % balance it out no matter the exchange rate?
So if the Dollar value rises agaisnt the pesos and the pesos cost more (For example as of now it is 1 dollar = 50 pesos but what if it gets 1 dollar = 60 pesos) will the portfolio money run out? Or will it somehow balance itself out.
My version is FIRE-GF (geographic freedom)
Thanks charl
Glenfiddich 12 is quite good. Thank you for the info.
You're cool.
Can you share more about reits? Or your reits investment?
hey, you're the best. Pls. keep safe po :))
Great Info!! Glad we found your channel! We also did a similar video, so, it’s great to see your thoughts/ideas as well. -TwoAsianandaDog 🙍🏽♀️🙎🏽♂️🐶