Bakit umabot sa ganito | Risk Appetite | Financial | Project Cost | Real Estate Decisions in Canada
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- Опубліковано 4 жов 2024
- Basically, ito po ang pinaka rationale bakit namin nagamit ang emergency fund namin. Maraming salamat po sa lahat ng nag alala at nag bigay ng kanilang mga komento :)
Financial decisions are never easy. I hope it is easy. A lot of things to consider, mainly your risk tolerance. It's not as easy as a yes or no decision. I hope you will find peace in this video as I explain how and why we touched our emergency fund in the first place :) I do not encourage you to do the same thing as what I did as, for sure, both of us have different circumstances :)
After all, as long as you're happy with your decision and you can sleep peacefully at night, then everything should fall in place.
All is well, and everything will be just fine :)
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Thank you so much for watching! :)
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Advise ko Lang Drey, always include our creator in all your decisions in life, Para fully guided kayo. Kasi kahit anong plano nyo kung Iba ang Plano nya sa inyo, baliwala din..👍👍
Amen 😇🙏
Sa mga future home buyer po, mas ok po sana kung mag 20% down payment kayo para ma avoid nio ang mortgage insurance.
Yes if kaya ng fund go for 20% kasi 4% din ung CHMC HEHE
💯 agree
Drey, kumusta naman po yung development ng basement niyo? Make sure you get regular updates from your contractor. Marami contractor dito sa Calgary na hindi pulido gumawa at minsan scam pa! I mention this because nabudol na po kami diyan. Pinili namin yung pinakamura pero after inspection puro mali ang gawa. We end up getting a new contractor to fix the deficiencies and paid more at the end. I also read that you bought an old house; you probably already know this, but make sure to set aside money for repairs. Kadalasan sa mga lumang bahay, madalas masira ang furnace o kelangan palitan ang bubong, at dahil sa edad ng bahay hindi na siya covered ng insurance.
Akala ko sa Pinas lang mi budol or scammer coz nagpagawa kami ng house sa Pinas 2 yrs ginawa nag 5 batch kami ng builder/nakuha na nmn lahat ung way arawan,pakyawan,materials /labor percentage lahat un mi mga hidden agenda but thankful pa din ako instead maubusan kami liglig at umaapaw pa 300sqm then 5 bedroom at 5 cr
Yes ibaiba mga opinion ng mga tao pero mga Accounting graduates katulad ko naintindihan ko ginawa mo at napahanga mo ako sa diskarte mo and you take the responsible for the possible risks. And thanks God you did it🙏
Salamat po. God bless 😇
Maraming salamat for sharing your plans and decisions. Malaking tulong sa amin na magsisimula pa lang. God bless
Welcome po. God bless sa journey 😊😇
Drey, you have a good plan here. A number of people didn't see the whole equation here. The couple's income was not factored yet. Congratulations on what you have achieved and I hope, people will be inspired with this. Smart indeed!
Yeah, if people can see the whole picture, I think they will better understand where we are coming from :) not ready to open this section of our life now hehehe. Oks na muna ung spending side ang makita 😊😊. God bless po 😇
Basta walang scammer sa mga plano magggawa yan ng ayos ganyan talaga ang buhay risky kung laging play safe at negative walang marrrating sample takot kang umakyat at baka mahulog edi gumawa ka ng paraan kumapit para di mahulog at kung nahulog ka at gumawa ka na ng lahat lahat wala ka ng maggawa ganon lang ang.buhay
Sir nagtataka lang ako, kaka graduate mo lang bumili ka ng bagong sasakyan and bagong bahay. Pwede kayang mai share mo din di lang pag gastos kundi yung source mo para may ma gain din kaming input regarding finacial management. Or mayaman lang talaga kayo from pinas kaya wala paring risk talaga kc may mahihingi ka pag kinulang ka di gaya ng marami pinoy dito na umaasa sa every day work lang. Curious lang may be you can share that point.
Solid na tipid for the first few years. Get a higher paying job. Jump from one to another until you're satisfied. Upgrading is the key.
Iwas sa resto as much as possible (minsan minsan lang), spend on NEEDS only, which means iwas sa malls ;) at least for the first few years. Pag may partner, it is important na mutual ang goals nyo financially.
Lastly, if kaya mag business. Go.
Yes you are really a risk taker. I’m sure you are under control of everything. Good luck and God bless.
Opo hehehe. Thank you po, God bless 😇
Kaya hindi lahat ng tao yumayaman (hindi rin pwede lahat mayaman) kasi mas gusto nila nakikita yung pera sa bangko kaysa mag invest. Hindi lahat risk taker. Goodluck sa pangarap mo and kasama sa buhay ang mag kamali para matuto. For sure may back up plan kayo pag hindi nag work out. May consumer proposal naman ang Canada and bankruptcy program kaya ok lang mag risk. Mas gusto ng Canada umutang kayo at mag risk para umikot ang economy. Sa Pinas hirap umutang kailangan mag sanla ka ng lupa dito iba haha.. ikaw na bibigyan basta may work ka or kahit nga bagong dating ka palang sa Canada gusto kaagad bigyan ng credit card. Lol Your still young malayo pa mararating mo at pag dadaan mo. hindi lahat ng tao nakikita ang opportunity para umunlad ang buhay kasi chill na sila sa ganung buhay. Not for everyone ang pagiging business person lot of energy,work hard and stress bago mo makuha ang tagumpay. Kaya hehe.. doon lang din ako sa chill chill lang pa minsan minsan. Advantage mo bata ka pa better to start early wala ka pang mga kids iisipin kaya go go 👍👍
Yea! Absolutely po. Failures makes a person stronger sabi nga nila 😆😆. Thank you po! God bless!
Correct yan ang maganda maggawa mo na ngayon wala ka pang anak pag nag kaanak ciguro nmn tapos na kau sa lahat lahat ako nga risk taker din kaya bilib din un iba sa akin pero ikaw naiiba andon ka sa pinakamataas na ...
ang galing! out of norm yung tirada nyo sa canadian dream. highly different from other buhay canada vlogs. ang naisip ko lang na risk talaga dyan is nataon kuha nyo ng bahay sa kasagsagan ng mataas na interest rate due to increasing inflation (of which tingin ko kasama na sa computation mo), hehe. hoping and looking forward to your success sir.
Salamat po! 😁
Hi Drey, long time no comment. Naging silent viewer na ako..
Hehehe
1st time ko narinig ung mga high risk profile, dati kasi tawag ko sa akin is a gambler/risk taker which is parehas sayo na high risk taker.
Yup, iba iba tlagi POV depende sa profile.
Sa lahat ng pumunta sa Canada gamble lahat na move na yan, it's a risk kasi hnd tlaga tiyak anong mangyayari sa future.
That's why we have to live with our decisions and the consequences that will come with it.
There's always 2 sides of the coin/story/pros and cons, nsa tao na tlaga kung agree ba xa na ma outweigh ng isang decision ang kabilang panig/ can you live ur decision na tingin mong na outweigh ng pros c cons.
More power sa inyo Drey and I know ur doing the best decision for you and your family's situation atm.
P.S. kapag natuloy move namin next year hopefully ma meet kta in person boss.
I agree!
See you po ! 😇
You’re doing the right thing. After 2 yrs, you should be ok with your cash fllow.
I pray for this po 😇
Hi Drey, silent viewer mo kami. We watched the past few videos and I know from the title it seems na nakaka-worry. Pero once you explained the situation, though there are some unexpected complications, the fact you have a “plan” on how to address means “you got this” ika nga. I don’t know if some of the negative reactions/opinions ay dahil hindi nila naintindihan that the debt/loss if emergency funds you have is “temporary” and there is actually a plan in place na on how to settle. May “timing difference” lang.
PS: as a fellow accountant, i really appreciate the content and bringing up matters such as “risk profiles (lab it). We are personally more on the low risk side, but to each his own di ba?
Good luck on your future endeavors and we always appreciate your organized and quality contents!
Hello! Yea. I think I rushed the first video drop and hindi naging clear agad na timing difference lang lahat. I appreciate you explaining how things are going on :)
We are on the opposite side of the risk scale hehe but that's no biggie, at the end of the day it all boils down to our own definition of success.
Thank you again! God bless
Risk is always present its how you deal with it
100% agree
Investing is all about risk and emotion 😊
Yeaah! Risk calculation and emotion control :) 🥰
I’m impressed that you were able to loan as an international student. From what I know this is for PR and citizens only?
Foreign worker category po. PGWP holder. Pwede po. Pag IS mejo malaki hihingin 20% down.
Samin namn po sa stock market kmi nag invest at nagrerent lang po kmi dto sa Vancouver at Para na rin kming nagpaparent dahil sa dividends na natatanggap namin sa mga company.
Dividend investing! More power po! 😇
Nice! ❤ Ako din naghahanap kung saan mag invest, although i do not know much about it but i do have enough to start. Im in Australia but i do not know any people yet as good as you guys.. any tips, Drey too? 😅
@@rickyunitec3219 start by educating yourself po and getting as much info you can get. I dont recommend getting recom from other people without you getting the knowledge first about the investment you want to venture :) its so easy to say buy this or that but it should boil down to your own preference, goal, and risk appetite.
@@DREYsCanadaVlog yeah i also agree. I just requested more info about mutual funds from a regulated licenced brokerage BUT only to study and learn more. I want to get into the game as well but tama naman to learn more about it as money ain't cheap and its also for my retirement fund down the road. Thanks and ill keep in touch mate, cheers and good luck.
@@rickyunitec3219 awesome! That's what I did before! Good luck and God bless! Happy investing!
Hanga ako sa inyo. May mga natutunan din ako sa video mo nato. Kami siguro diko masabing high risk dahil di namin kayang gawin ang ginawa mo haha pero di rin naman low kase gaya nga ng sabi mo yung pag alis palang pa canada at iwan ang maayos na trabaho sa pinas sa gitna pa ng pandemic ay hindi na isang madaling decision na ginawa rin namen. Tamang timpla lang siguro kame. Haha binigyan mo pako ng isipin kung san kami nag fo fall hahahaha. Pero kudos galing nyo!😅😂
Play safe, play smart. Medium risk most likely hehehe. May homework bigla e hehehehe! God bless sa journey po! Focus lang 😇😉
Without any kids, you can easily take risks. That is your advantage.
100% agree
So what are the implications of your decisions to your credit score?
None. As long as you pay the minimum payments on time and dont skip any payments walang implication sa cc. Siguro sa utilization, but that will be gone in 3 to 6 months time.
How old is your Townhouse? I heard from one reputable builder it takes one year for a newly built house to get fully settled into the foundation. Therefore, no renovation work should be done in the basement for at least a year.
2007 built po :)
Hi silent viewer here. I suppose iba ang rule ng bank dyan as when I got my property theres no such product as improvement fund attached to mortgage. Usually banks will only finance the remaining balance from downpayment after assesment of home value. Unless its other product like HELOC which is average 9% in todays value. Its not possible to get funds from lawyer as they dont have the money as its in trust companies. I may agree to some comment about you being too risky. Using credit card cash advance with 22% is not wise either. Its good to be risky but you should hedge some of your funds.
Yea initial mortgage plus improvement ung inapprove :) nasa trust acct ng lawyer yung fund and pending fot final inspection approval ng lender para ma release :)
@@DREYsCanadaVlog I see. Dahil sa taas ng rate ngayon at bumababa ang home prices para sa comparables ng lender mo ano ang plano mo kung di maaprove sa final inpection.
@@brielleandquinn3281 ahh auto approve napo yun basta masunod ung pinasa na development plan. That's just to ensure na ginawa talaga ung prinopose po na improvement.
@@DREYsCanadaVlog ok. Good luck. Hopefully masurvive natin ang inflation until 2025
@@brielleandquinn3281 kaya nga po. Sana mag stabilize na. Yung slingshot effect ang aabangan jan.
instead na bumili ng brand new na bahay, pangit ba na bumili ng preowned na bahay? maybe mga house na built during 2000s. mas mura kasi sila and mukang maganda pa rin naman ung condition based sa nakita ko sa zillow. like around $200k+ 3br 2 storey na 1300 sqft na, pwede rin naman maghire for house inspection in case may maging problema. any thoughts po? sana mapansin.
Yes that's what we did po. The one we got was 07, the other one we bid on was 87. Both in great condition pero mahal na talaga hehehe. Ung 87 300k na po sya hehe.
We were eyeing for below 250k before, pero wala makuha hehehe
@@DREYsCanadaVlog ohh okay po akala ko bago ung nabili niyo na bahay kasi parang townhouse ata sya tapos ung basement di pa gawa and around 340k ata ung inabot
Hi, wondering if meron po kayong life insurance?
Meron po thru our employer and one third party provider po.
Drey new sub here from Australia. Baka may tip ka on where to invest, may option dito sa website to invest in treasury and corporate bonds, compound interest or fixed term bonds.. ayaw ko lang ma scam of course, hence this question to you,,and I don't know a single thing about investing yet but i do have savings to use.. any suggestions? You inspire me as a risk taker 😅
You can look at mutual funds to start. Then you slowly gather info about stocks and bonda then afyer a while you can get yourself na sa actual trading :)
@@DREYsCanadaVlog mutual funds.. sige research ko muna. Thanks 👍🙏 God bless
@@rickyunitec3219Look for Australia's counterpart of VOO or Vanguard S&P 500 ETF or VUN
Need and advice po, family of 4 kmeng mag visit dyan sa oct. Working po ako at the moment sa Dubai, plano rin po nmen na kapag nasa canada na mag enrol si misis sa school to have student visa, ano poba mas mas maganda gawin, mag resign ako sa work ko pag dating sa Canada and ubusin 6 month to look for a Job, or mag apply n lng si misis ng Student Visa while nandyan kme and ako nmn balik ng Dubai after a month while mag antay na ma approve si misis, para ng sa ganon pag balik ko ng Canada is naka open work permit nko. Ano poba mas ok?
Hmmm 2nd option is safer po. Rule of thumb po sa company namin, dont resign until ma approve ang permit. There is no guarantee kasi sa applications. Anything can go south at any moment. If you need our help po dont hesitate to reach out po samin edwin@dreyscanadaportal.com we offer free program advising po.
@@DREYsCanadaVlog salamat po, pero po sa Student Visa ba may chance parin misis ko kasi 41 years old napo kme and parang 15 years na syang graduate may mga school or courses na pede parin sya para makapag student visa sya? Or mahirap na ma approve pag ganon?
@@ChoyPH27Hello po. Opo pwedeng pwede po kayo mag apply for student visa kahit 41 na po kayo. Andito ako ngayon sa Canada and am 40 years old. May friend ako dito 44 na nga siya lol. Grab the opportunity pero dapat planado lahat Kuya. Kung maaari secure your 1 year tuition kasi mahirap kung hindi.
Hello po pwde po malaman kung okay ung work ng contractor pahingi po ng name nila?
Waiting po for your reply, sana mapansin 🙏🏻
accountant ka matinik ka sa pera hahaha alam mo ang ginagawa mo at dalawa kayong nagwwork kaya im sure kaya nyo kumuha ng bahay kahit nag inflation pa.
Hehehe salamat po 🥰🥰
Ang single standing BathRm. alone sa basement way back 2021 nasa $15CAD na...
Ano po mga disadvantage pag kumuha ng bahay na hindi pa permanent resident?
Mas malaki po ba mga taxes? Etc?