pano kaya kasi akala ng mga nasa pinas na masarap sa ibang bansa, tayong mga nasa North America or other countries, karamihan sa kababayan natin puro pagpapasikat at simpleng yabang kapag nauwi sa pinas, puro pasalubong kala mo talaga maraming pera. dun nabuo ung culture na akala nung mga nasa pinas masarap buhay natin dito kahit kabaliktaran talaga. dapat putulin na natin ung pagpapasikat at pagpapapanggap na marami talagang pera. don't get me wrong. ok lang magpasalubong or manlibre pero sana di yung tulad ng ibang nakikita ko na halos mabali na likod sa double job para lang makabili ng mamahalin kuno! at makapanlibre sa mamahaling restos Ako im successful with Crypto currencies and also with a business here in Las Vegas. pero kapag umuuwi ako ng Pinas never ako magsuot or manlibre, or magpasalubong sa totoo lang. di rin ako pala upload sa social media how good my life is. mas konti nakakaalam mas better! and also lesson learned, doesn't mean we earn alot and we're able to have status here in the States, we are better-skilled than those people in the Philippines. we're just blessed! there's difference of being blessed and being better.
i was working with a pinoy colleague. both of us were just done with training and had our first real jobs. he was telling stories that everytime he went back home( this was even during training when salary was much lower) that apart from bringing home a lot of gifts he would give out money and prior to returning to the US, he will lay out money and tell his friends or family to just go ahead and take what's left. he would also lend money to friends or family. his brother ran for councilor and he helped fund building a basketball court in the barangay to help with the guy's campaign. the thing was he had about $50K in credit card debt( he was the one that offered this info as he was talking about his expenses during his trips back) that he had amassed in just 3 yrs in the US. some of the money he lent he got from cash advances. unbelievable! this was in 1997 back then the interest rates were high. i could only wonder how much interest was on a credit card at the time. my wife and i were wondering what his deal was and concluded na gusto niya na mister big shot siya pag nasa Philippines. we worked together for 3 yrs during which time he always complained of his credit card debt. it became his running joke.
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether l'll have sufficient funds for retirement.
It's recommended to save at least 20% of your income in a 401k. Joseph Nick Cahill taught me to estimate how much you should save based on your age and income. I've been with him for years now and his decades of experience in the markets translate to chunks of value in so many ways! He has upscaled my portfolio and even got me reading self help books haha
JOSEPH NICK CAHILL is his name. He is regarded as a genius in his area and works for Empower Financial Services. He is quite known in his field, look-him up.
This is great information. I have been undergoing extensive research for a Top tier financial advisor who can give correct insights on the market. I'll check him out
I am from germany and moved to the philippines 10 years ago. I have alot of filipino friends and they all wanna go to western countries. I always tell them the west isnt what it used to be but nobody believes me. We need more videos like that.
Thank you for choosing to discuss this topic. This is very important and I hope that this will be an eye opener for others. The cost of living is really high abroad. We're in the U.S. For our family of 4, we're paying $2800 monthly for our home, $200 per week for groceries which could go up to $280/week if it's time to get toiletries. That's on the thrifty side. I cook our meals everyday. We don't eat out a lot. You also have to add electric, gas, water, phone, etc. bills. For Americans who have student loans, monthly expenses could still go higher. Depending on the level of higher education attained, monthly student loan payments could be as high as $1800/month. That all depends on the degree earned, the amount of loan, the income of the borrower, etc. There is also babysitting cost to consider. Depending on your state, the age when you can leave your children alone varies. For example, in IL, it is 14. We had to pay two babysitting costs at one point when our kids were both under 14 and our work schedules were the same. There was a time when most of my income went to babysitting and day care fees. It's not all milk and honey when you are abroad like most people think. A lot of people in the U.S., not just immigrants but Americans, too, actually live paycheck to paycheck. People need to set the expectations right. Even when you go abroad, it will still take time to achieve your goals. You still have to work hard and save more. It's worse here for people who are materialistic, those are the ones who are not able to save for retirement. It's also hard if you try to adopt an entire community back home because people think it's your responsibility to help them because you are abroad. I feel so bad for others who are in that situation. I am very fortunate and will forever be grateful for my family. My Mom and Dad never asked for anything. In fact, theh keep telling me that if life gets too stressful and hard here in the U.S., we always have a home to go back to in the Philippines. It's really a matter of being financially literate and responsible.
Despite losing my job unexpectedly at the age of 39, with $425,000 saved for retirement, $10,000 in an HSA, and a house worth another $200,000, I'm looking for methods to supplement my income. What are some of the most promising alternatives?
I'm not sure whether I should merge all of my investing accounts into one. If so, what should I know and how should I respond to this? In addition, I intend to sell my property, which might potentially fetch an additional $200,000. Is it better to put everything in one account or spread it out among several investments?
These are important questions for a financial planner. I met mine at a summit, and with her assistance, my wife and I reallocate our $1.7 million assets between a regular IRA and a brokerage account. She has been handling the investment with our agreement and has helped us recover twice as much as we lost. Currently holding steady and gently navigating the market.
This is true. Glad its being talked about. We have to put an effort to earn bc of the cost of living. And then mga kamag anak sa sa pinas expecting you're earning a lot makita lang na nakagala ka. When in fact, saktuhan lang.
a lot of filipinos live above their means. i did too but at least i got it out of my system after my first 3 yrs in the states. mahilig sa tatak ang pinoy. soon after arriving in the US in the 90's, my aunt told me that by and large americans don't really care where you bought your clothes from be it walmart, kmart(it wasn't bankrupt then) etc...but filipinos were too brand conscious. she was cautioning me not to go that route. i did buy signature brands occassionally but never made a habit of it. i attended a party at my sister in law's place in the 90s. she was a nurse and so most of her guests were pinoy nurses. apart from the usual tsismis, the most common topic was what car so and so had. the crowd was in the early 30s and without kids. what's funny is that during one of our visits with them(SIL and husband are both pinoy nurses) 20 yrs later, her husband was again talking about the car( mercedes or some such) one of his pinoy co-nurses had. i was thinking, " we are now in our 50s yun pa rin ang pinagkaka abalahan niyo... kung ano ang kotse ng kapwa pinoy mo." dual income pinoy nurse family and drowning in debt. a newly arrived pinoy couple in the US on a modest single income had upgraded their smaller SUV(a relaible and new car) to a nicer larger one. the monthly payment is almost the same as my monthly mortgage and they were complaining about the high payments. lack of financial literacy is also a big factor. my sister in Canada was frugal and not into brands and did save but she was so loss averse. when i started investing in the late 90s, i was asking her to read up on it and encouraged her to participate in the market. she never did. she has her retirement plans funded but whatever else she saved wasn't invested. the woman in the call mentioning that a haircut cost $67 probabaly didn't consider taking her child to a cheaper place. it's impossible that price is the cheapest ever. i just had my haircut in great clips today for $20. i'm sure there are similar places where she lives. it certainly is true that the high cost ol living especially these past few years makes it even harder to save but every generation probably went through the same. the path is the same for everyone. live below your means, save by paying yourself first, beware of lifestyle creep and take advantage of tax advantaged retirement plans and invest. stop trying to keep up with joneses. get off facebook. don't just keep the money in a savings account where inflation is eating away its value. i retired at 55.
In general- maganda pa din dito because you can live a good life even if you are not rich. You can be a simple worker here but you dont have to worry magkasakit. Govt will take care of you. You can own a house, buy a car, travel. Hindi sa Pinas, minimum earner ka- you cant do these. The gap is sooo wide, rich becomes richer & poorer becomes poorer. My heart belongs to the Philippines but my home is Toronto Canada.
We live in a smal island in the Philippines after living in Canada for 15 years. We live a fairly simple life. Beautiful to be living in your country with warm weather all year round. We are in our mid 40s.
@@stocksmarts_ ah. So much lower po. We are a familly of 5. Here's the breakdown. * Electric Bill 5k * Gas 4k * Food 15k * Water Bill 370 * Internet 1,200.00 * Mobile Phone 3 people 1,200.00 * RR 4k including eating out/Beach Miscellaneous 1k Roughly 30k plus a month all in All. No credit cards, no mortgage. Low stress and healthy food/living. In Canada, living in Toronto cost us 6k a month. Life was good for us in Canada 15 years ago.
When talking about finances of Filipinos working overseas, you cannot avoid the foundational problems caused by sending hard earned money back home to support family. Imagine if all OFW’s invested all the money they would have sent home into a mutual fund. Do this for the first 2 years, then ease your way back into sendin money back home and not touching the investments until retirement. How much better would their financial future be if they did this one simple but extremely emotionally difficult adjustment?
husband and i making decent amount here in US nurse and electrical engineer but we live below our means, 2 cars paid off , small decent house, not buying extravagant and designer stuff, and have investments noth US and phils, people think probably were are broke bec of how simple our life here in the US😂
I lived in Toronto before moving to US. Rental in Toronto can range from 2k to 3k for a family of five. A family can opt to rent a basement apartment for less than 2k. The caption applies to many Filipinos whose expertise are spending money most of the time they don't have yet, and acting rich prior to becoming one. Filipinos are smart and hardworking but many are extremely idiots when it comes to handling finances. For instance, Pinoys love to afford things they really can't, such as cars, branded items, cellphones, etc. Most of the Filipinos I know don't seem to understand why we should all live below our means if our goal is to eventually have financial freedom. Anyone who is planning to migrate to US or Canada should not be discouraged by stories mentioned in this video. If you are focused and can make financial goals your priority, you should be okay. But anyone who is just as crazy as others with money should not even attempt to go abroad; the reality is wherever part of the universe you will be in, you will be poor. Might as well be poor in the Philippines where poors outnumbered the rich.
Sheryl said was true 100% paycheck to paycheck same as in UK some pinoys are struggling there! Reasons are! House rents, basic goods, education etc are all skyrocketing! Best way is to be frugal and minimalist but it will depends on your lifestyles plus the number of the people you are spending( ex:families of 4 and more)if they did these mindset then that pinoys are exceptionally and economically financially intelligent!just watched from a series from CBC( Canadian broadcasting center) skilled workers French speaking Canadians (pure)are leaving the Canada (esp in Quebec) for good simply they could not afford the non stop too expensive !well gd luck to them!
My one cent advice. If you are living in the U S or Canada. Retrain yourself, go back to School. Like. Technical Training School especially if your Schedule will allow you. So that you can get a better paying Job. Thet are Gov. Sponsored School. Therefore they are free. Pls. Do not settle on ad jobs. Mcdonald or other fast foods is only for jump start.👍👌
Mas mahal pa din sa Pinas if you consider the minimum wage here vs there... dito sa Winnipeg, almost $16/hr ang minimum wage. Sa 1hr of work eh makakabili ka na ng 1kg ng baboy at around $7-10. Sa Pinas pag minimum wage ka, halos half day oor almost 1 day na na sahod na ang kilo ng baboy. Ang minimum wage earner dito sa Canada, kayang kumain ng steak and lobster from time to time, kayang bumili ng $200 na branded bag or shoes which is roughly 2 days worth of work. Kaya nga hindi na masyadong big deal dito pag may bagong gamit ka kasi kahit sino naman eh kayang bumili nun, unless mga ultra luxury brands. Basically, its easier to live with dignity here in Canada as long as you work and live below your means.
A lot Filipinos abroad are living beyond their means ,sorry they love everything expensive lahat kailangan branded , why can’t we be grateful kung ano meron tayo, I owned a house here sa US to one of the most expensive place to live in the US Fairfield county sa East coast. You can manage kung hindi ka living beyond your means .
I really appreciate your efforts! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
I'm a filipino immigrant business owner in Canada. My business relies on my network. The housing market is impossible. Dont come to Canada. Mahal masyado ang mga bilihin at renta. Madalijg maubus ang pera. Wag muna kayo pumunta sa Canada. Maghibirap ka pag sa oras na ngayun. Siguro, wait for interest rates in Canada t0 come down before coming here. If you come to Canada, make sure you have a place to live. Wag kang free loader. Kapag may nagoffer sayo ng bahay, mag bayad ka kasi lahat ng canadian at pinoy dito, naghihirap.
@stocksmarts_ depends. For condos, maybe $1500-2000/m. For houses, the cheapest I found in my area was $5k/month with 4br. But I am in Lower mainland Vancouver area. In Vancouver city, it should be much more expensive. There are cheaper provinces but jobs are harder to find there. You will definitely need a car if you're not a sponsored worker.
@@stocksmarts_ renting in SF is too expnesive. might as well live in my car. i'm no planning on stayin in america or retiring here. once i earned enough i'll be returning back to the philippines.
Big tip for new comers to Canada or USA... DO NOT BUY whole life insurance! You will come across a filipino who will want to sell you an expensive whole life policy that you most likely cannot afford and will have a small payout. Buy the longest term life policy with 500k to 1 million coverage and invest the difference from what the whole life policy would have cost. The only benefit in a whole life policy is the big commission the seller will get. The investment component of a whole life policy is poor. Buy ETFs in a TFSA and live your life.
Ive been telling my parents that its na they stay sa pinas instead ma ipursue pa nila yung citizenship nila sa US. They're retired with multiple businesses sa pinas. If they move sa america they start at zero in their senior years. Literally burning their own savings and for what?? Delusions of the aemrican dream??
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
I always look up your videos for update! I applaud the no-nonsense approach you take to the news and the markets, A lot has changed and that's about it but the truth is that I don't even care much about the bull or bear market anymore because Kathy Tunner gat me covered while I'm doing comfortable. $15k-$20k every week and I'm still counting thanks to her❤️
Hello how did you achieve such biweekly returns? I'm a newbie and I've lost lot of money investing on my own. Please can you advise on how to go about this?
I've followed many traders over the years but none have been as consistently accurate as Kathy Tunner....She's truly in an inspiration to us all kudos to her✌️✌️
Healthcare sa canada is free IF makahanap ka doctor mo. Para madiagnose ka you'll wait months, by that time lumalala na sakit mo. D rin nila irecognize pag sa ibang bansa ka magpa checkup.
pano kaya kasi akala ng mga nasa pinas na masarap sa ibang bansa, tayong mga nasa North America or other countries, karamihan sa kababayan natin puro pagpapasikat at simpleng yabang kapag nauwi sa pinas, puro pasalubong kala mo talaga maraming pera.
dun nabuo ung culture na akala nung mga nasa pinas masarap buhay natin dito kahit kabaliktaran talaga. dapat putulin na natin ung pagpapasikat at pagpapapanggap na marami talagang pera.
don't get me wrong. ok lang magpasalubong or manlibre pero sana di yung tulad ng ibang nakikita ko na halos mabali na likod sa double job para lang makabili ng mamahalin kuno! at makapanlibre sa mamahaling restos
Ako im successful with Crypto currencies and also with a business here in Las Vegas. pero kapag umuuwi ako ng Pinas never ako magsuot or manlibre, or magpasalubong sa totoo lang. di rin ako pala upload sa social media how good my life is. mas konti nakakaalam mas better! and also lesson learned, doesn't mean we earn alot and we're able to have status here in the States, we are better-skilled than those people in the Philippines. we're just blessed! there's difference of being blessed and being better.
i was working with a pinoy colleague. both of us were just done with training and had our first real jobs. he was telling stories that everytime he went back home( this was even during training when salary was much lower) that apart from bringing home a lot of gifts he would give out money and prior to returning to the US, he will lay out money and tell his friends or family to just go ahead and take what's left. he would also lend money to friends or family. his brother ran for councilor and he helped fund building a basketball court in the barangay to help with the guy's campaign. the thing was he had about $50K in credit card debt( he was the one that offered this info as he was talking about his expenses during his trips back) that he had amassed in just 3 yrs in the US. some of the money he lent he got from cash advances. unbelievable! this was in 1997 back then the interest rates were high. i could only wonder how much interest was on a credit card at the time. my wife and i were wondering what his deal was and concluded na gusto niya na mister big shot siya pag nasa Philippines. we worked together for 3 yrs during which time he always complained of his credit card debt. it became his running joke.
Well said
People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether l'll have sufficient funds for retirement.
It's recommended to save at least 20% of your income in a 401k. Joseph Nick Cahill taught me to estimate how much you should save based on your age and income. I've been with him for years now and his decades of experience in the markets translate to chunks of value in so many ways! He has upscaled my portfolio and even got me reading self help books haha
Impressive! How can I contact this advisor? My portfolio has underperformed, and I need guidance.
JOSEPH NICK CAHILL is his name. He is regarded as a genius in his area and works for Empower Financial Services. He is quite known in his field, look-him up.
This is great information. I have been undergoing extensive research for a Top tier financial advisor who can give correct insights on the market. I'll check him out
I am from germany and moved to the philippines 10 years ago. I have alot of filipino friends and they all wanna go to western countries. I always tell them the west isnt what it used to be but nobody believes me. We need more videos like that.
Thank you for sharing
Thank you for choosing to discuss this topic. This is very important and I hope that this will be an eye opener for others. The cost of living is really high abroad. We're in the U.S. For our family of 4, we're paying $2800 monthly for our home, $200 per week for groceries which could go up to $280/week if it's time to get toiletries. That's on the thrifty side. I cook our meals everyday. We don't eat out a lot. You also have to add electric, gas, water, phone, etc. bills. For Americans who have student loans, monthly expenses could still go higher. Depending on the level of higher education attained, monthly student loan payments could be as high as $1800/month. That all depends on the degree earned, the amount of loan, the income of the borrower, etc. There is also babysitting cost to consider. Depending on your state, the age when you can leave your children alone varies. For example, in IL, it is 14. We had to pay two babysitting costs at one point when our kids were both under 14 and our work schedules were the same. There was a time when most of my income went to babysitting and day care fees. It's not all milk and honey when you are abroad like most people think. A lot of people in the U.S., not just immigrants but Americans, too, actually live paycheck to paycheck. People need to set the expectations right. Even when you go abroad, it will still take time to achieve your goals. You still have to work hard and save more. It's worse here for people who are materialistic, those are the ones who are not able to save for retirement. It's also hard if you try to adopt an entire community back home because people think it's your responsibility to help them because you are abroad. I feel so bad for others who are in that situation. I am very fortunate and will forever be grateful for my family. My Mom and Dad never asked for anything. In fact, theh keep telling me that if life gets too stressful and hard here in the U.S., we always have a home to go back to in the Philippines. It's really a matter of being financially literate and responsible.
Thank you for this timely insight
Despite losing my job unexpectedly at the age of 39, with $425,000 saved for retirement, $10,000 in an HSA, and a house worth another $200,000, I'm looking for methods to supplement my income. What are some of the most promising alternatives?
Consulting a financial advisor is a logical step at this point, but postponing retirement could be a wiser decision
I'm not sure whether I should merge all of my investing accounts into one. If so, what should I know and how should I respond to this? In addition, I intend to sell my property, which might potentially fetch an additional $200,000. Is it better to put everything in one account or spread it out among several investments?
These are important questions for a financial planner. I met mine at a summit, and with her assistance, my wife and I reallocate our $1.7 million assets between a regular IRA and a brokerage account. She has been handling the investment with our agreement and has helped us recover twice as much as we lost. Currently holding steady and gently navigating the market.
That’s impressive! My portfolio has been struggling. Who is your advisor?
*June Renae Matthysse* You are likely to find more information if you look her up online
This is true. Glad its being talked about. We have to put an effort to earn bc of the cost of living. And then mga kamag anak sa sa pinas expecting you're earning a lot makita lang na nakagala ka. When in fact, saktuhan lang.
True
a lot of filipinos live above their means. i did too but at least i got it out of my system after my first 3 yrs in the states.
mahilig sa tatak ang pinoy. soon after arriving in the US in the 90's, my aunt told me that by and large americans don't really care where you bought your clothes from be it walmart, kmart(it wasn't bankrupt then) etc...but filipinos were too brand conscious. she was cautioning me not to go that route. i did buy signature brands occassionally but never made a habit of it. i attended a party at my sister in law's place in the 90s. she was a nurse and so most of her guests were pinoy nurses. apart from the usual tsismis, the most common topic was what car so and so had. the crowd was in the early 30s and without kids. what's funny is that during one of our visits with them(SIL and husband are both pinoy nurses) 20 yrs later, her husband was again talking about the car( mercedes or some such) one of his pinoy co-nurses had. i was thinking, " we are now in our 50s yun pa rin ang pinagkaka abalahan niyo... kung ano ang kotse ng kapwa pinoy mo." dual income pinoy nurse family and drowning in debt. a newly arrived pinoy couple in the US on a modest single income had upgraded their smaller SUV(a relaible and new car) to a nicer larger one. the monthly payment is almost the same as my monthly mortgage and they were complaining about the high payments.
lack of financial literacy is also a big factor. my sister in Canada was frugal and not into brands and did save but she was so loss averse. when i started investing in the late 90s, i was asking her to read up on it and encouraged her to participate in the market. she never did. she has her retirement plans funded but whatever else she saved wasn't invested.
the woman in the call mentioning that a haircut cost $67 probabaly didn't consider taking her child to a cheaper place. it's impossible that price is the cheapest ever. i just had my haircut in great clips today for $20. i'm sure there are similar places where she lives.
it certainly is true that the high cost ol living especially these past few years makes it even harder to save but every generation probably went through the same.
the path is the same for everyone. live below your means, save by paying yourself first, beware of lifestyle creep and take advantage of tax advantaged retirement plans and invest. stop trying to keep up with joneses. get off facebook. don't just keep the money in a savings account where inflation is eating away its value. i retired at 55.
I totally agree. Maluho, mayabang, mabisyo at pasikat karamihan ng mga pinoy kaya lubog sa utang.
100% true lack of financial literacy ang karamihan, wala silang paki alam sa future nila mahilig sila sa fancy things.
👍
So glad; I joined the U.S military at a young age; after 25 years of service, retired @ 43 sa atin; thank God.
Super rich!!!!
@ not super rich kabayan; just comfortable.
Financially Free!
Yup same here retired at 39 ngayun pa school school nalang binabayaran kapa 👍🏼
Most Filipinos i know drive high-end cars and purchase ridiculous luxury items,yet complain they will never be able to retire. 😂😂😂😂
In general- maganda pa din dito because you can live a good life even if you are not rich. You can be a simple worker here but you dont have to worry magkasakit. Govt will take care of you. You can own a house, buy a car, travel. Hindi sa Pinas, minimum earner ka- you cant do these. The gap is sooo wide, rich becomes richer & poorer becomes poorer.
My heart belongs to the Philippines but my home is Toronto Canada.
That is true. Canada is amazing.
I know nothing about trading/ Investing and I'm keen on getting started . What are some strategies to get started with ?
As a beginner, it's essential for you to have a mentor to keep you accountable.
I'm guided by a widely known crypto consultant
Mrs Anita Fred
This is correct, Anita Fred strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
Isn't that the same Anita Fred that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
We live in a smal island in the Philippines after living in Canada for 15 years. We live a fairly simple life. Beautiful to be living in your country with warm weather all year round. We are in our mid 40s.
What is the cost of living there per month vs in canada?
@@stocksmarts_ ah. So much lower po. We are a familly of 5. Here's the breakdown.
* Electric Bill 5k
* Gas 4k
* Food 15k
* Water Bill 370
* Internet 1,200.00
* Mobile Phone 3 people 1,200.00
* RR 4k including eating out/Beach
Miscellaneous 1k
Roughly 30k plus a month all in All. No credit cards, no mortgage. Low stress and healthy food/living. In Canada, living in Toronto cost us 6k a month. Life was good for us in Canada 15 years ago.
When talking about finances of Filipinos working overseas, you cannot avoid the foundational problems caused by sending hard earned money back home to support family. Imagine if all OFW’s invested all the money they would have sent home into a mutual fund. Do this for the first 2 years, then ease your way back into sendin money back home and not touching the investments until retirement. How much better would their financial future be if they did this one simple but extremely emotionally difficult adjustment?
That is true
husband and i making decent amount here in US nurse and electrical engineer but we live below our means, 2 cars
paid off , small decent house, not buying extravagant and designer stuff, and have investments noth US and phils, people think probably were are broke bec of how simple our life here in the US😂
What motivated you to live this way?
@@jopot2875 appearing wealthy is not the goal but having the means to live your life without worrying about finances
I lived in Toronto before moving to US. Rental in Toronto can range from 2k to 3k for a family of five. A family can opt to rent a basement apartment for less than 2k.
The caption applies to many Filipinos whose expertise are spending money most of the time they don't have yet, and acting rich prior to becoming one. Filipinos are smart and hardworking but many are extremely idiots when it comes to handling finances. For instance, Pinoys love to afford things they really can't, such as cars, branded items, cellphones, etc. Most of the Filipinos I know don't seem to understand why we should all live below our means if our goal is to eventually have financial freedom.
Anyone who is planning to migrate to US or Canada should not be discouraged by stories mentioned in this video. If you are focused and can make financial goals your priority, you should be okay. But anyone who is just as crazy as others with money should not even attempt to go abroad; the reality is wherever part of the universe you will be in, you will be poor. Might as well be poor in the Philippines where poors outnumbered the rich.
Great tips
Sheryl said was true 100% paycheck to paycheck same as in UK some pinoys are struggling there! Reasons are! House rents, basic goods, education etc are all skyrocketing! Best way is to be frugal and minimalist but it will depends on your lifestyles plus the number of the people you are spending( ex:families of 4 and more)if they did these mindset then that pinoys are exceptionally and economically financially intelligent!just watched from a series from CBC( Canadian broadcasting center) skilled workers French speaking Canadians (pure)are leaving the Canada (esp in Quebec) for good simply they could not afford the non stop too expensive !well gd luck to them!
Wow thank you for sharing. Do you plan to leave also?
My one cent advice. If you are living in the U S or Canada. Retrain yourself, go back to School. Like. Technical Training School especially if your Schedule will allow you. So that you can get a better paying Job. Thet are Gov. Sponsored School. Therefore they are free. Pls. Do not settle on ad jobs. Mcdonald or other fast foods is only for jump start.👍👌
Those are amazing tips
Mas mahal pa din sa Pinas if you consider the minimum wage here vs there... dito sa Winnipeg, almost $16/hr ang minimum wage. Sa 1hr of work eh makakabili ka na ng 1kg ng baboy at around $7-10. Sa Pinas pag minimum wage ka, halos half day oor almost 1 day na na sahod na ang kilo ng baboy. Ang minimum wage earner dito sa Canada, kayang kumain ng steak and lobster from time to time, kayang bumili ng $200 na branded bag or shoes which is roughly 2 days worth of work. Kaya nga hindi na masyadong big deal dito pag may bagong gamit ka kasi kahit sino naman eh kayang bumili nun, unless mga ultra luxury brands.
Basically, its easier to live with dignity here in Canada as long as you work and live below your means.
Great insights
Ok lang paycheck to paycheck basta makapag post sa SocMed ng snow 😅
Oh my :(
Damn😂
A lot Filipinos abroad are living beyond their means ,sorry they love everything expensive lahat kailangan branded , why can’t we be grateful kung ano meron tayo, I owned a house here sa US to one of the most expensive place to live in the US Fairfield county sa East coast. You can manage kung hindi ka living beyond your means .
Very true
I really appreciate your efforts! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
I'm a filipino immigrant business owner in Canada. My business relies on my network. The housing market is impossible. Dont come to Canada. Mahal masyado ang mga bilihin at renta. Madalijg maubus ang pera. Wag muna kayo pumunta sa Canada. Maghibirap ka pag sa oras na ngayun. Siguro, wait for interest rates in Canada t0 come down before coming here.
If you come to Canada, make sure you have a place to live. Wag kang free loader. Kapag may nagoffer sayo ng bahay, mag bayad ka kasi lahat ng canadian at pinoy dito, naghihirap.
How much normally is rent in your area? For 2br?
@stocksmarts_ depends. For condos, maybe $1500-2000/m. For houses, the cheapest I found in my area was $5k/month with 4br. But I am in Lower mainland Vancouver area. In Vancouver city, it should be much more expensive. There are cheaper provinces but jobs are harder to find there. You will definitely need a car if you're not a sponsored worker.
im currently living in SF. I don't pay rent i live in a car.
Wow. Can you share your story?
@@stocksmarts_ renting in SF is too expnesive. might as well live in my car. i'm no planning on stayin in america or retiring here. once i earned enough i'll be returning back to the philippines.
Big tip for new comers to Canada or USA... DO NOT BUY whole life insurance! You will come across a filipino who will want to sell you an expensive whole life policy that you most likely cannot afford and will have a small payout. Buy the longest term life policy with 500k to 1 million coverage and invest the difference from what the whole life policy would have cost. The only benefit in a whole life policy is the big commission the seller will get. The investment component of a whole life policy is poor. Buy ETFs in a TFSA and live your life.
Thank you for this tip
Ive been telling my parents that its na they stay sa pinas instead ma ipursue pa nila yung citizenship nila sa US. They're retired with multiple businesses sa pinas. If they move sa america they start at zero in their senior years. Literally burning their own savings and for what?? Delusions of the aemrican dream??
What was their motivation to go?
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
yan ang sinasabi nilang rat race, if you dont find a way to make money while you sleep you will work until you die.
Yes, agree
Ay Sinabi mo! Akala Nila tumutubo ang pera sa backyard namin!
True
Any advise for other filipinos abroad?
I always look up your videos for update! I applaud the no-nonsense approach you take to the news and the markets, A lot has changed and that's about it but the truth is that I don't even care much about the bull or bear market anymore because Kathy Tunner gat me covered while I'm doing comfortable. $15k-$20k every week and I'm still counting
thanks to her❤️
Hello how did you achieve such biweekly returns? I'm a newbie and I've lost lot of money investing on my own. Please can you advise on how to go about this?
I've followed many traders over the years but none have been as consistently accurate as Kathy Tunner....She's truly in an inspiration to us all kudos to her✌️✌️
I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Kathy Tunner.
High recommended🙌
Can't imagine earning $15k biweekly, God bless mrs Kathy Tunner
God bless America❤️
Kathy's distinctive strength is her pragmatic approach, setting her apart from other brokers who often set unrealistic goals and fail to deliver
Canindian na raw jan
What's what you get with a liberal left-leaning government Cost of living goes up so does poverty.
Lol. Compare naman sa US, cost of living and healthcare. Mas swerte pa kayo jan sa canada😂… sobrang lamig lang
Oh yes healthcare in the US is expensive
Healthcare sa canada is free IF makahanap ka doctor mo. Para madiagnose ka you'll wait months, by that time lumalala na sakit mo. D rin nila irecognize pag sa ibang bansa ka magpa checkup.
Oh no, how do people get treated?