Category Archives: BUSINESS & FINANCE

What are the 10 easiest investments in the Philippines

The term “easy” does mean easy to liquidate or convert to cash. 

1. STOCKS – High Returns, Easy to liquidate but highly volatile.  If you want to learn Stock Market Investing you can visit COL FINANCIAL . You can also attend free seminars directly from their offices nationwide.

2. GOVERNMENT BONDS – Interest rate is way above time deposits however with maturity period. If you want to invest in Government Bonds, you can visit the website of commercial banks or visit commercial banks near you and ask them if they are offering Government Bonds.


3. PAG-IBIG FUND 1 & 2 – High dividend rates, also with maturity period of 20 years and 5 years respectively for us to withdraw all the contributions. If you are employed, PAG-IBIG monthly contribution is part of the mandatory deduction from your payroll. If you want of find out your total contributions, you may request it online by sending email to contactus@pagibigfund.gov.ph or you may visit the nearest PAG-IBIG satellite offices in your area.


4. MUTUAL FUNDS – above Time Deposit yield, however with Fund Management Fees and Maturity Period as well. It is also Highly Volatile. If you are interested investing in Mutual Funds, you may visit commercial banks near you. You can also join online if you already have an existing online bank account or COL Financial Account.


5. SSS/GSIS – Primarily works as Retirement Fund when we reach retirement age of either 60 or 65, nonetheless there are also other benefits associated with it like Sickness, Maternity, and Funeral. If you are formally employed either from Private Companies or Government Institutions, SSS and GSIS are mandatory deductions, your monthly deductions is dependent on your salary or income. Non-Formally employed can also be a member as “Voluntary”.


6. REAL ESTATE – very high return but a bit challenging  to liquidate as it requires piling up legal documentations to sell or dispose for CASH. Make sure to seek legal advise prior to buying and selling real estate. 


7. APARTMENTS – Popularly known as a “GREAT” investment if we have overflowing cashflow.  In other words, we have funds more than what we need in the next 10 to 20 years. An investment that can be passed down from generation to generation.


8.FINANCIAL EDUCATION -it makes us Financially FREE, it protects our wealth


9. EDUCATION AND SKILLS – IT gives us livelihood. It can give us high paying job to increase our cash flow locally and abroad. SKILLS can also make us a good BUSINESSMEN. 

10: HEALTH – WE cannot execute all of the above if we have POOR HEALTH CONDITION 

 

Cost of Living in Makati as of 2019

Cost of living is one of the hottest topics in living in Makati, the financial capital of the Philippines.  There are many considerations that we need to consider before moving to Makati as our workplace, and consequently our place of residence, which we call our second home.  Understanding the cost of living in Makati will give you an idea how your life would look like if you decide to live and work in Makati.

Just like any other International cities, most of the young professionals are aspiring to move to big cities like Makati where opportunities abound. Makati as one of the 16 cities in National Capital Region, it is a magnet to many yuppies all over the Philippines and even from the young workers from mainland China. The influx of international workers are pushing the real estate valuation as high as the polluted sky.

I have been living in Metro Manila since my college years in 1992, and for 27 years, I have witnessed the unimpeded changes of Makati as the years pass by  to what Makati as it is today.  The burgeoning city landscape of Makati that changed dramatically like a snowball from fewer medium-rise buildings to stunning skyscrapers city is astounding!

This blog is not to brag my living expenses but to give you an idea how much is the cost of living in Makati as an “ordinary employee”. As I always reiterate, If I were one of the privileged few, I am not an employee but the owner and the President of the company here in Makati. I work incredibly hard just like many of you. Bed of roses can only be seen on Facebook and Instagram. I can sing it though, I am an avid fan of Bon Jovi. 🙂

I do blog about cost of living because I have lived from different cities  in NCR in the past 27 years. As a matter of fact, I didn’t spend any single centavo on house rental  for several years in Quezon city only until I moved to Makati 8 years ago. 

Details Of My Living Expenses

Housing

  • Condominium Rental – 14,000/monthly
  • Electric Bill Meralco – 3,000
  • Water Bill – 350/monthly
  • Internet/Cable – 999/monthly

Total = 18,349/2 = P 9,174.5

Food

  • Food – Average Daily – 200, P6,000/monthly

Transportation

  • Transportation, Grab Daily Average P90, Tricycle – 40, P3,900/monthly
  • Car Loan – 12,261

Others

  • Cigarette – 80, 2,400/month

TOTAL EXPENSES = (9,174.5 + 24,661) = P 33,735.5

NOTE: Travel & other Miscellaneous NOT included.

While Makati is a great city, our second home, if we are not wise in our finances, we may end up break even. Thus, saving and investing is important. We cannot stop inflation and valuation. It is part of our lives.  We can choose to be paying bills all our lives or make money work for us. 🙂 At the end of the day, It is not how much we earn but how much we save and invest. The pursuit to financial independence can be achieved through financial education, however this blog is not all about financial education, it is all about Cost Of Living.