How to Put FUN in Your Retirement
Hey there! You, yes you. You’re probably sitting down, on your mobile, and looking for something nice to read, and say hey.. What on Earth is FanBoy SEO doing with a retirement post? Well, to tell you the truth, we thought to put some balance in all the entertainment articles, and put in something healthy. Healthy! No not the exercise, eating right kind of healthy. It’s the kind of healthy that won’t make you go broke. Why? Because, believe it or not, we care.
So hey you. You’re probably into pop, collections and what-not. You’re also (probably) sitting down at work, or you are about to be disrupted by something in life, but do yourself a favor and save this link. We’re going to talk about something important, and something you should keep in mind as you live your daily grind.
So that’s it, the daily grind. Do you wish that you can just go off on a permanent vacation, and not run out of money? A lot of us common folk do dream of that, but a lot of Filipinos forget to prepare for the costs of retirement. How much you ask? Well, statistics has it that more than 80% of the current senior citizens were not able to prepare sufficiently, and only 3% are financially independent.
Let’s keep the principles simple. Let me ask you, then. Do you plan to stop working before you are 50, or even younger? Have you thought about the actual plans for you to do that? Did you spend more than 20 minutes of conversations with a professional to visualize your dreams? If you haven’t, it’s probably high time you did.
So how do you want to make money, or save money for that grand vacation you want to have? Where do you want to stay? How do you want to maintain yourself? You have to start thinking about how you want to do that. So skip all the material, and contact me with the details below. Leave it your name and number, and I will schedule a meeting, and a plan for you.
Oh, so you are still reading this, because there’s more that I should probably say about it. Right. Okay.. so if you’re staying to read this, let me flesh out what my other clients think about retirement. Here are their practical ways of retiring young.
Go into Business or Negosyo
This was my first idea, to open a business. A mom and pop shop, or say develop an app that would change the way consumers live life. It’s a popular dream, and yeah it’s common. However, b usinesses require capital, or time. Time however, can also cost you money. If you’re paying for your own food, lodging, and medical needs when you are old, how long can you go without a job as you focus on your business?
The point is that building a business needs planning. Let me know what business you want to put up, and we can compute how much you need to save! There is hope!
The great idea of investing on Real Estate is that it adds passive income. A minimal amount of work is done by making money out of rentals or leases. If you haven’t thought of this idea, the basic principle is that you own a lot, and you have someone renting for cheap, and you make money out of it. By securing a contract with the leaser, you make money on a monthly basis.
However, if you plan to save up for one, how long will it take you to buy a Studio, a one-bedroom or anything bigger? If your ideal investment is Three Million Pesos now, have you thought about how much will it be with inflation after 10 years? You have to keep up with the cost, and you need to place your money somewhere that will keep up with inflation. You do know that inflation devalues the money you have in the bank right?
I have solutions for you, let’s talk!
Living on Interest
So there’s a trick that if you put up a capital, live modestly, and withdraw your capital’s income, then you can live off the interest. Yes, it’s a plan. And it’s possible. How much you need is another question. I do need you to visualize your spending habits now. What are you paying for? Compute that. Throw a ballpark figure, and round it up on a monthly. Now multiply it by 12, and that’s your annual spending. Can you also compute that same spending and project it to 10, 15 and 20 years from now? That will be your needs in the future. That’s what you will need on top of all the vacations, shopping, and medical bills that you will be paying for.
Does that sound too heavy? Scary? If you plan ahead, then you can definitely make a fun retirement, and let me tell you that a fun retirement starts with a FUND. Let me help you save your future by planning ahead, because your younger self, can be the one who to save you in the future.
Do share your dreams with me. I’d love to spend time with dreamers. If you have another dream from the common ones I have above, then we surely can talk about it. Do leave me your phone numbers, your full name and age, and I will take it from there. Send me a message at 09399326808, or fill up the details below.
If you live outside of Metro Manila, do not hesitate. We can plan our meeting soon.
Your friendly neighborhood Financial Guy.