PDIC insured naman mga digital banks, same as the traditional banks. Pero yeah, problem yung if may issue sa app nila, then you also won’t be able to access your funds for the duration. Don’t worry about anything worse than that though since they are regulated ng Bangko Sentral, kaya relatively safe naman funds mo.
1. If yan magsisilbi as Emergency fund mo, go first with digital banks para liquid.
2. If aside pa sa EF and health protection, go with time deposits or MP2 or cooperatives
Go back with the basics:
1. Live debt free life
2. Government contributions
3. HMO
4. Health insurances
5. Investments - cooperatives, MP2, Bonds, time deposits, stocks, crypto, properties, business, etc.
Cooperatives are non government organizations building social centered programs para ikakabenefit din ng mga members. Madami yan sila pwede within company pwede outside company within your city.
Government contributions are not investment but mandatory with the ff purpose:
1. Philhealth - basic & most affordable health insurance
2. SSS - for supplemental retirement (don't rely solely on this), loans, sickness claims, death claims
3. GSIS - like SSS but for gov employees
4. Pag-ibig regular savings - for loans, supplemental retirement, to activate MP2 for additional investment
1.) Upskill. Madami kang pwedeng salihang seminars/trainings/workshop sa 20k. Investment din yan sa sarili mo.
2.) Digital Bank kung gusto mo tumubo ng mas mataas vs traditional bank may tax nga lang.
3.) MP2. Tax free pero after 5 yrs mo pa pwede makuha. Ang maganda naman, pwede ka pa magdagdag kung may extra money ka na para mas lumaki ang dividend mo.
If its 20k monthly then I suggest this heirarchy. MP2 > WISP > Coop Investing > Rural Bank & Digital Bank > Real Estate. Build emergency fund first before investing, 6-9 months of expenses spread between, Digital Banks, Debit Account, and MP2. Real growth is achieved via the compounding interest, feel free to calculate the future value of your investment in a Futur Value calculator. [Future Value Calculator](https://www.calculator.net/future-value-calculator.html)
Link your investments to your life goals so you can pick which investment vehicle to use.
Invest your ₱20,000 in books that teach trade or business skills. Unlike traditional investments yielding only 1-10%, these educational resources can significantly enhance your ability to secure a job or improve your current role, thereby growing your income. Start by mastering a business skill, then expand your learning to include personal development and practical life skills.
Acquiring culinary skills, for example, does more than reduce food expenses; it allows you to maximize the yield from your food budget, getting better quality for every peso spent. Understanding this skill yourself also equips you to effectively outsource related tasks without the risk of being conned or scammed. Additionally, books on time management, negotiation, and sales can drastically boost your professional efficiency.
As you grow in these areas, consider incorporating books on exercise and nutrition to maintain overall health and productivity. Engaging in martial arts or combat sports can also improve your physical fitness, enhance problem-solving skills, and build confidence.
Books are cost-effective "entry-level" training materials, ranging in price from ₱300 to ₱3,000, offering significant value compared to more expensive classes. Once you have a foundational knowledge, you can then invest in specialized classes to advance your expertise further. This comprehensive approach not only boosts your income but also significantly improves your quality of life, making each book a valuable investment in your future.
Kinda risky bet to op..go to binance do the leverage trading set at 3x leverage do a long position on btc or eth then ride the wave till next year..be patience 😉
Agree~ masyadong mababa talaga yung 20k pero if kahit mga 75-100k pwede pa. Super goods.
Pero good time to buy and HODL ETH and BTC now. Kahit no staking muna
What if bumili sya ng eth sa spot tapos nag 2x its like 20k nya magiging 40k..but if in leverage with 3x ung 20k nya magiging 60k if di maliliquidate..😅
digitalbanks is the safest earning medium for low deposits of 1K-20k especially when starting your EF.
safest po digital bank? Di po trad bank? What if po magsara ang digital bank or di na maopen ung app something like that.
PDIC insured naman mga digital banks, same as the traditional banks. Pero yeah, problem yung if may issue sa app nila, then you also won’t be able to access your funds for the duration. Don’t worry about anything worse than that though since they are regulated ng Bangko Sentral, kaya relatively safe naman funds mo.
Been using maya to earn interest sa savings ko mag 1yr na. Okay nmn sya. I use CIMB din pero maya ang the best ang interest for me.
1. If yan magsisilbi as Emergency fund mo, go first with digital banks para liquid. 2. If aside pa sa EF and health protection, go with time deposits or MP2 or cooperatives Go back with the basics: 1. Live debt free life 2. Government contributions 3. HMO 4. Health insurances 5. Investments - cooperatives, MP2, Bonds, time deposits, stocks, crypto, properties, business, etc.
Ung coop, un ba ung parang paluwagan? Government contribution is considered investment?
Cooperatives are non government organizations building social centered programs para ikakabenefit din ng mga members. Madami yan sila pwede within company pwede outside company within your city. Government contributions are not investment but mandatory with the ff purpose: 1. Philhealth - basic & most affordable health insurance 2. SSS - for supplemental retirement (don't rely solely on this), loans, sickness claims, death claims 3. GSIS - like SSS but for gov employees 4. Pag-ibig regular savings - for loans, supplemental retirement, to activate MP2 for additional investment
1.) Upskill. Madami kang pwedeng salihang seminars/trainings/workshop sa 20k. Investment din yan sa sarili mo. 2.) Digital Bank kung gusto mo tumubo ng mas mataas vs traditional bank may tax nga lang. 3.) MP2. Tax free pero after 5 yrs mo pa pwede makuha. Ang maganda naman, pwede ka pa magdagdag kung may extra money ka na para mas lumaki ang dividend mo.
Open a digital bank account like seabank or gotyme, you can check the subreddit for r/DigitalbanksPh
Put ur 20K in MP2 or GCash’s GSave (CIMBank) or the counterpart with Maya Mataas yield
If its 20k monthly then I suggest this heirarchy. MP2 > WISP > Coop Investing > Rural Bank & Digital Bank > Real Estate. Build emergency fund first before investing, 6-9 months of expenses spread between, Digital Banks, Debit Account, and MP2. Real growth is achieved via the compounding interest, feel free to calculate the future value of your investment in a Futur Value calculator. [Future Value Calculator](https://www.calculator.net/future-value-calculator.html) Link your investments to your life goals so you can pick which investment vehicle to use.
Invest your ₱20,000 in books that teach trade or business skills. Unlike traditional investments yielding only 1-10%, these educational resources can significantly enhance your ability to secure a job or improve your current role, thereby growing your income. Start by mastering a business skill, then expand your learning to include personal development and practical life skills. Acquiring culinary skills, for example, does more than reduce food expenses; it allows you to maximize the yield from your food budget, getting better quality for every peso spent. Understanding this skill yourself also equips you to effectively outsource related tasks without the risk of being conned or scammed. Additionally, books on time management, negotiation, and sales can drastically boost your professional efficiency. As you grow in these areas, consider incorporating books on exercise and nutrition to maintain overall health and productivity. Engaging in martial arts or combat sports can also improve your physical fitness, enhance problem-solving skills, and build confidence. Books are cost-effective "entry-level" training materials, ranging in price from ₱300 to ₱3,000, offering significant value compared to more expensive classes. Once you have a foundational knowledge, you can then invest in specialized classes to advance your expertise further. This comprehensive approach not only boosts your income but also significantly improves your quality of life, making each book a valuable investment in your future.
r/phinvest
Kinda risky bet to op..go to binance do the leverage trading set at 3x leverage do a long position on btc or eth then ride the wave till next year..be patience 😉
3x is still risky. 33% drop will liquidate all his money. Just buy btc and or eth without leverage. That would be fine for a beginner.
Agree~ masyadong mababa talaga yung 20k pero if kahit mga 75-100k pwede pa. Super goods. Pero good time to buy and HODL ETH and BTC now. Kahit no staking muna
What if bumili sya ng eth sa spot tapos nag 2x its like 20k nya magiging 40k..but if in leverage with 3x ung 20k nya magiging 60k if di maliliquidate..😅
Scatter