What Are You Thinking About?

**jut703** · April 2nd, 2018 09:23 PM

Originally Posted by ray_noel

I would strongly agree on this... 7 habits of highly effective people training i had last week...

That was so good. You can apply it in your personal life and at work!

First things first, Start with and END in mind and among others....

Good luck ms cathy!

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Yes bro, I was referencing the 7 habits when I made that post.

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**jut703** · April 2nd, 2018 09:26 PM

Originally Posted by _Cathy_

I am debt free but 100k net is definitely not enough for a person living alone and paying all the bills.

That's a slap in the face to the millions of Filipinos, families even, who live with far less than 100k net a month.

When I was a fresh grad, I wasn't making anywhere close to 100k net a month. But I could afford to live on my own if I needed to.

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**Calistro** · April 2nd, 2018 09:30 PM

..What are you willing to give up to get a hold of your dreams...?

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**MR_BIG18** · April 2nd, 2018 09:37 PM

Originally Posted by SpinCycle

As per TRAIN, Family homes valued up to P10M are now exempted from estate tax.

And everything else is a flat tax rate of 6% as opposed to previously being a progressive tax rate.

You might find that your estate tax this year is very low or zero.

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We recently transfered properties under my name via deed of sale..it maybe 6% if we go through the extra judicial process, problem was the asses value in most of our properties went up 150%..hinabol namin yung deadline which was feb 15

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**Archerfish** · April 2nd, 2018 09:39 PM

Originally Posted by jut703

I was referring to the things EQ mentioned - your 2 cars, your home in an exclusive subdivision plus an ancestral home in the province, etc.

My car? I worked for it. My condo? I saved for it. My relationship? I persevered for it. My career? I invested my time and effort for it.

My parents never gave me a car (nor could they afford to). My family has never owned a home. I didn't have a lot of the things my classmates had growing up. But I didn't sulk - I made a plan to improve my life, and worked for it. I can proudly say that everything was earned, not given.

There will always be things that other people have that we don't. But likewise, there are things that we have that others don't. And that's what we should be focusing on so we can live a life of gratitude.

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I really admire you... I hope I have been a good role model to my kids that they may reach a similar status like yours.

**_Cathy_** · April 2nd, 2018 09:40 PM

Originally Posted by MR_BIG18

Get a good tax lawyer...

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I don't know with my 91 year old Lola. Yung family lawyer namin 80+ yrs old na

Originally Posted by SpinCycle

As per TRAIN, Family homes valued up to P10M are now exempted from estate tax.

And everything else is a flat tax rate of 6% as opposed to previously being a progressive tax rate.

You might find that your estate tax this year is very low or zero.

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We are not selling our family home. We are selling the vacation and agricultural properties.

Originally Posted by jut703

I was referring to the things EQ mentioned - your 2 cars, your home in an exclusive subdivision plus an ancestral home in the province, etc.

My car? I worked for it. My condo? I saved for it. My relationship? I persevered for it. My career? I invested my time and effort for it.

My parents never gave me a car (nor could they afford to). My family has never owned a home. I didn't have a lot of the things my classmates had growing up. But I didn't sulk - I made a plan to improve my life, and worked for it. I can proudly say that everything was earned, not given.

There will always be things that other people have that we don't. But likewise, there are things that we have that others don't. And that's what we should be focusing on so we can live a life of gratitude.

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I don't want to tell my life story here. ULS knows how hard my life is now. Maawa kayo sakin kung alam niyo what I have been through in my life. Two of my friends in the office know and ever since they have been extra nice to me. I'm probably a reminder to them that their life is good.

**jut703** · April 2nd, 2018 09:46 PM

Originally Posted by _Cathy_

I don't want to tell my life story here. ULS knows how hard my life is now. Maawa kayo sakin kung alam niyo what I have been through in my life. Two of my friends in the office know and ever since they have been extra nice to me. I'm probably a reminder to them that their life is good.

Ok, so your life is hard. What will you do about it?

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**_Cathy_** · April 2nd, 2018 09:46 PM

Originally Posted by jut703

That's a slap in the face to the millions of Filipinos, families even, who live with far less than 100k net a month.

When I was a fresh grad, I wasn't making anywhere close to 100k net a month. But I could afford to live on my own if I needed to.

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But I meant a salary for me to be able to mortgage a property, pay household bills, maintain a car and have enough savings.

Originally Posted by Calistro

..What are you willing to give up to get a hold of your dreams...?

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My dream is to be a housewife

**EQAddict** · April 2nd, 2018 09:47 PM

Originally Posted by jut703

My car? I worked for it. My condo? I saved for it. My relationship? I persevered for it. My career? I invested my time and effort for it.

My parents never gave me a car (nor could they afford to). My family has never owned a home. I didn't have a lot of the things my classmates had growing up. But I didn't sulk - I made a plan to improve my life, and worked for it. I can proudly say that everything was earned, not given.

Bro .... with that attitude....the only way for you is up.

*cathy.... we all can learn a thing or two from Jut. He started with much less but his outlook and perseverance will net him much more. Its all in how you look at and ACT on life.

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**jut703** · April 2nd, 2018 09:53 PM

Originally Posted by _Cathy_

But I meant a salary for me to be able to mortgage a property, pay household bills, maintain a car and have enough savings.

With a 50k net income I can:

- Pay for a 1BR condo (2.5M) - 21k/month
- Maintain a car (gas, PMS) - 10k/month
- Utilities - 5k/month
- Day-to-day expenses - 12k/month
- Savings - 2k/month

What you can't do is downsize your life. Actually you can, you're just not willing to. Until you do that, you'll never be financially independent.

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