Written by: King San Jose Santos, RFP
Most Filipino’s have a short term mindset instead of preparing for a relaxing future, they tend to enjoy life in the short term while suffering in the end. An investment mindset and a long term vision is what lacking in the Philippines.
We asked our clients in San Jose Financials website (www.sanjosefinancials.com) and asked them, “ What is the best investment for you?”. 80% answered they prefer to put it under time deposit.
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Financial literacy is too low in the Philippines. The Majority of Filipino’s is intimidated when they talk about stocks, bonds or other investment materials that is available. So what are the factors for us to retire early?
If we talk about retiring, there are other factors you need to consider. Spiritually and mentally, a person should consider asking yourself if you are ready to have a life of no work. You have to understand the when you decide to retire, every day is “ Sunday”.
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Being ready financially is easy to compute. We always do that in here with SJF computing the readiness of our clients in retirement and preparation of funds. However, we should know the right perspective. It is not with the age but with the financial readiness and proper mindset is a sign when you are ready to retire.
What are the signs that you are ready for retirement?
- Following a Plan
- Being retired involves discipline. If you have a plan when you are playing games or sports, isn’t that logical to have one for your wealth as wealth ?
( visit www.sanjosefinancials or call for a free consultation 798.8111)
- You are fully covered with your risk
- From your life for your health, Your risk for you and your family is fully covered
- Your children are financially independent
- Seeing your children grow and worry free is every parents dream. You are ready to retire if you see your kids fully independent and well covered.
- Almost no debt.
- You are ready to retire if you see your house, car and other loans fully paid.
- Your investments can sustain your everyday
- You are definitely ready when you see that you can survive by just your investments.
Everyone has a different standard. A retirement plan for Mr. Guitirez can’t be fit for Mrs. Salvon. There is no amount that can tell you that you are ready for retirement. Filipino’s often tend to look for the value of income as the basis, however the secret formula there is not only income but several financial factors.
To know more about retirement planning, visit SJF website atwww.sanjosefinancials.com or call 798.8111.
Even more expensive than Delhi, Mumbai feels like a shock this far down the list, but perpetually expensive hotels and no real hostels make this city pricier than you might expect. Fortunately, one can see the main sights in a few days or less, so it’s a good idea to minimize time in Mumbai and then head out to someplace less insane as quickly as possible.
While Kathmandu is where most visitors land first, it’s fairly hectic and its sights can be seen in only a couple days. So most people head quickly to Pokhara, which is Nepal’s tourism hub and the starting point of many fabulous treks. Fortunately, it’s not only more pleasant than the capital, but also cheaper in most respects, so it’s a great place to linger if you have time. Guided treks in the nearby mountains can be expensive, so it’s nice that just lingering in town is dirt cheap.
Vietnam’s cheapest city for backpackers is also one that gets high marks from most visitors with its unique combination of French colonial and Asian post-communism. The food is also top-notch, especially when you are sitting amongst locals at one of the thousands of plastic-chair cafes throughout the city. Keep costs even lower by sticking with Bia Hoi, the world’s cheapest beer. Hostel beds are cheap, but private rooms are too, so don’t automatically book a bunk.
Thailand’s “capital of the north” is certainly one of the world’s great travel bargain destinations. Filled with ancient temples and surrounded by a moat and city walls, Chiang Mai is a major stop in the region and a highlight for many. Much less crowded than Bangkok, and quite a bit cheaper as well, this is also booming with expats and creative people living cheaply while they work.
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