im earning around that and I cant see how this income can support a family of 5 while paying mortgages and bills.
that number is probably outdated or came out of their assess.
That's true. If that's gross babawasan pa yan ng tax and gov't deduction, which is at 85K more or less. Now you're left with roughly 157K to pay for everything, including the education of your 3 children.
200k family of 5? comfortable life lang yan but not rich 😅 3 lang kami, ako, anak ko at yaya nya pero halos wala matira. Mukhang rich para sa paningin ng iba pero hindi talaga 🤣
Hyperinflation? Hahaha
Personally I'm in the 200k camp kahit malayo ako bago makarating doon for a comfortable quality life. I still don't think it's rich after my work exposure to rich people. Still depressing. Hahaha
The question is monthly net income NOT taking into factor the buying a house, rent etc. So 60k is more than enough assuming you dont have any kids. Why do i know this? Because im currently experiencing it now. Its feasible unless maluho sa life.
Regarding naman your 60k sentiments if makaka buy ng house. Its possible also, there are rent to own houses here in metro manila but those are usually situated sa class upper c locations
100k comfortable na ako since past time ko video games lang then eating healthy. If may family, 200k+ more or less para mas comfortable lifestyle and good education.
At least 200k NET.
60k for the 3 of us is quite liveable, pero yung comforts na hinahanap namin (house repairs, medical, healthy food) ay literally unreachable as of now. Videogames at baking lang naman ang hobbies ko, and both of those are quite expensive (just spent around 50-60k for a self built PC + 80k for room renovation and AC).
I have a liquidity of around 500k palang, I know I'm doing good naman pero I just received the news na my mom needs operation, and ang estimate is around 250k. Kalahati agad ng naipundar ko for 6 years ay magagastos namin ng wala pang 1 month. Damn.
Pay to win talaga ang buhay, and money can definitely buy happiness for me.
Possible, need luck and a niche where you excel. Most OFWs here are in service and creatives sector from what I see, which would not really give you that much, mababa masyado ceiling. The OFWs I know here that make a lot are in tech, sales, and finance - not in the usual positions or roles that are commonly known though.
IMO, depende sa sitwasyon. But normally 50k php person is sort of the minimum to live comfortably. So if you are family of 3, at least 150k to live comfortably.
Seriously guys, sa mga 100k above, ano ang pinagkakagastusan nyo?
Ilan ba net minimum at maximum target/month pag modest lifestyle like affordable private school, travel, paid H&L, car, no other relative support nor vices.
It adds up. At 80k tuition per kid per year, add school expenses nasa 20k per month na yan. Salaries for help and driver if both parents are working ilagay na natin sa 20k. That's already 40k per month. Groceries at 20k? 60k a month already. Gas at 5k, already 65k a month. Utilities at 15k, now we are at 80k. 20k nalang natira wala pang savings and mortgage payments.
I see thanks. Advisable pa ba kumuha ng comprehensive insurance sa mga kotse or third party TPL na lang? NASA 1500 din per month pag new pa
How about prepaid medical card page walang HMO/medical insurance? NASA 400 per month for a small family.
I always recommend getting comprehensive insurance kasi sobrang sakit sa ulo talaga yung accidents and sometimes, hindi talaga maiiwasan. Not getting insurance because it doesn't fit the budget just means the person can't afford a car yet.
I can't answer regarding medical insurance since I'm in a unique spot where I get huge discounts sa medical costs. But when I had medical insurance when I was previously employed, nakakatulong din siya. I suggest you get it if wala kang close relatives na doctors.
If the vehicle is new, I get comprehensive but if my car is old say 10 years I only get TPL.
I am thinking instead of getting critical/outpatient/inpatient insurance, might as well put it to dividend stocks and only have emergency fund in HYSA.
I don't have 100k yet but eto mga main gastos na inaanticipate ko kaya I want more than 150k:
1. I have a college student. around 30k x 3semesters tuition (lets say 100k for school stuff) + Baon + motor gas (120 pesos amg commute dito samin, 2 way. Fuck tricycles)
2. I want my own vehicle. Rego, Insurance, maintenance, repairs and fuel. May tolls and license pa. Those adds up A LOT.
3. Ang bisyo ko lang ay video games. It's usually a one time purchase pero sobrang laki. Tsaka electric.bills increase as you consume more KwH.
4. One hospitalization will wreck me financially. PhilHealth is fucking useless.
5. I don't care about yearly plane travels and dining out. I just wanna stay at home and cook then play games. I'd love to go to Japan someday tho.
6. I want to have 1 dog and 1 cat, pero probably not a kid.
7. Pagod na kami kumain ng processed food. Sobrang mahal ng local produce ngayon
I think that's the bare minimum of comfort for me. I will not settle for bare minimum, I will strive to reach these.
Nakakalula ang comments but it also validates on why I'm spending 70k/month for a family of 3 together with my mother and 2 helpers. I sometimes beat myself up kasi walang natitira sa sahod namin despite having a simple lifestyle. Yun pala, napakamahal maging comfortable sa Pinas 🥲
Rich is IF you dont work for money but money works for you.
You could be a very highly paid employee in the millions but still subject to someone’s whims. Be highly paid professional but as soon as you stopped seeing clients/patients, money stops flowing.
Or
be rich in (just) the thousands but need not lift a finger
Basically it’s not just the quantity but also the quality of your cashflow.
Finance is complex. It's not just about how much is incoming but how much is outgoing. I can have a monthly earning of 200k a month, but if im pissing it all off and not investing properly you'll still be ok ( I mean its 200k, imposibleng walang matira dyan in one month ), but you wont accumulate wealth fast.
On the other hand, If im earning lower <100k per month but I own a home, conservative on my spendings and at the same time investing and saving aggressively you would be better off down the line.
So for me the main thing I focus on to accumulate wealth is your increase your income, conservative lifestyle, and investing/saving smart.
I am not Filipino however, I dream to retire in ph once that time comes. I am Australian so I will use my local currency, I would like to achieve half of I earn now in passive income to retire. Which as it stands would be around 6k aud a month.
I have started to invest in ph I am 39 so putting in the work now to retire there later.
Thank you, I was going to say the same. Health care is not the priority at all, Australia seems great on the outside but i prefer to be in mnl to be honest. You are correct if things got desperate I can always fly to Australia.
If and when I might go to somewhere like tagatay or batangas. Close enough to be in mnl if I want.
MNL delivers so many great features good food, good nightlife, always something to do.
Mostly kasi OFW, galing sa hirap kaya naging ganun ung mindset and besides hindi rin naman icocover ng health care insurance lahat my mga technicalities pa yan unlike immigrant which is usually my mga pera na yan at least sa PH standard
Seaman here
15 years, asa best of the best in my field na.. super yachts
I think.. to consider myself rich is around 800k- 1m, i admit im currently above average if i compare myself to majority of filos dare i say even seamans... Mga capitan at chief eng nalang siguro halos ang tataas sakin, realistically 500-550k sguro max kong ma achieve in a few years if i stay consistent.... Anyway imo nasa ganyan range ako bago maconsider rich basically kaya ko mag invest, mag ipon, mag luho, mag travel walang utang bayad bills, magpaaral ng magiging anak ko sa exclusive school
Well done kabaro! Proud of you!
Galing!! Super yatches. 500k!
Segundo ako dito sa LNG pero 385k a month lang. hopefully gumanda din sahod. Although may pinot ako kamote dito nasa 950k.
Objectively speaking, aka. based on government metrics, it’s 20x the income of the poverty line for the **household** (less tax, because net income).
So look up the latest FIES report, and input the “rich” bracket into a tax calculator and you now know what net income your household should be earning based on objective metrics.
Im a graphic designer and I have multiple clients abroad paying me $1k-$1.5k per month, its really achievable.. right now I can earn $5-6k/mo.. you should try working online.
Target is 250k. Pero no mortgages.more on comfy living and may bala to risk some for small businesses.
My heart sank while reading these. Lalo na yung 200k is the new 100k Kasi I feel the same. I earn about 150k and we're a 220k income household, no kids, pero we still struggle. I take care of a parent who has dementia and the expenses are sobra talaga. I also help my siblings and pamangkins. Sa family ko wala kahit sino ang may insurances except for myself, If I put my parent in a home, nasa at least 50k ang monthly payment dun, cash pa. I have a very anxious relationship with money, kahit noon pa when I was young.
uae ofw here..... earning around AED23k per nag start palang mag invest even though im more than a decade na. its because inayos ko muna yung mga past bad decisions ko sa buhay
pero already bought a land then buying our childhood home sa makati at a massive discount. then saving up for mu kids college. saka im still researching ano iinvest ko sa stocks para may passive income ako
im aware na mababa parin yung sweldo ko base sa position ko pero with my age, job security nalang gusto ko
Earning at least 80k+ a month with a few increases occasionally. It's not enough. My immediate target is for it to be 100k minimum but I'm also guessing it's also not enough for our lifestyle.
23yrs old earning 200k a month. Isa sa mali ko yung nag upgrade ako agad ng lifestyle. Mahirap kasi nafantasize ko yung cars, luxury clothing , gadgets and more. At kailangan mo masustain yun kaya imbis na simple lang buhay mo hustle uli kasi need ko magdagdag ng earnings para swabe ang buhay ko.
200 net income is comfortable already. On my end it’s like that then 80% of it goes to investments which can be pulled out anytime (digital banks). 20% for emergency luho haha
Currently earning around 200k monthly with a family of 3 + 1 yaya and 3 cats. Eto breakdown ng expenses ko monthly.
Utilities - 10k/mo
Insurances(3 of us) - 8k/mo
Yaya - 8k/mo
Gas - 5k/mo
Food - 15k/mo
Rent - 6k/mo
Car- 18k/mo
Cat food- 3k/mo
Cat litter - 2k/mo
Luho (mostly food) - 10k/mo
Diaper - 2k/mo
Milk- 8k/mo
Total - 95k/mo
Wala pa akong anak na nagaaral nyan. Iam currently renting an apartment habang nagiipon ng pang bili ng bahay and paying monthly for a car. Ang mahal ng mga bilihin ngayon.
To consider rich, i think you should earn around 400-500k monthly + time with yourself and family
My net is around 190k plus per month. I think if may family na ako, mga 250k 300k is Ok. Pag rich, baka 500k net. Housing amort palang 100k na siguro eh given house na mga 15m or 20m sa qc.
200k pesos monthly siguro okay na ko. Palakihan daw ng ipon instead of palakihan ng sweldo. Panoorin mo yung vlog ni Sir Vince Rapisura paano pag-ipunan yung retirement baka makatulong. List down your monthly expenses present value. Tapos macocompute mo magkano dapat yung retirement fund mo to cover yung future value ng monthly expenses mo.
For me, real estate investment ang plan + SSS + MP2 savings. May townhouse unit na ko na pinaparent which gives me 12k pesos per month, plan ko pa magbuild ng isang vacation house rental. Target SSS pension is 20k pesos per month. And MP2 savings na makakapagbigay sakin ng 15k per month. At 32 no kids, may anxiety na agad na sana tama ginagawa kong paghahanda sa retirement. 🙈
im ofw too from the middle east, 13 years din.. able to earn an asset of 28M php and having a monthly salary of 250k+ php din. Do not have plans to retire now or aiming to go back to the Philippines to enjoy a comfortable life.. I am aiming to invest in live in other countries, so yeah, my money is not even 1 million usd to say that I am considered rich when I choose to migrate in a 1st world country
Dapat una kang nag invest sa insurance company or bili ng retirement fund. Consult a financial advisor, it will change your life and your family one day!
kakatakot, daming mamaw dito, when i consider myself already lucky. its really your concept of rich talaga. i wont eagerly aim for 200+ if it means compromising other factors of my life.
Target is 300k/month.
Currently earning 70k net pasive from 1 condo in Manila and a 5-door mini hostel in the province. Planning to look for more real estate investments to fund for early retirement. Medyo malayo pa, pero laban lang. :)
Depende de n yan sa lifestyle nyu..100k a month is okay i guess..tapos mag sideline ka ng business para may income ka monthly like milktea kc easy to prep lang and madaling ibenta dahil mura lang..
Mainly index funds, etfs, dividend stocks, mp2. I used to own 6 gyms and a restaurant in the Philippines but covid obliterated my sources of income. Balik nurse muna sa Canada for now. Prior to owning businesses, I used Wealth Simple auto investing (Canadian based portfolio management company). Allocated almost everything in index funds.
Current household income of more than 1M pero we dont feel rich pa rin. We are indeed grateful for this and yes, our family of 3 can get to travel out of the country 4-5 times a year pero daming bills, goals to save up, and loans. Monthly amort for loans pa lang nasa 300k na. Monthly bills could reach up to 200k. Then yearly insurances for the whole family amounting to nearly 1M. Were OFWs in the Middle East btw. Sabi nga, its not how much you earn. Its how much was left. So when we retire in the PH, we will be fine with 200k net income. No more loans. No more debts, emergency funds established. Health insurances paid up. Kids education fully funded. Just fully enjoying passive and/or active income of 200k net.
500k net for a family of 4 to be comfortable (not just surviving). Fully paid 500sqm house oand car pero mahal rin magmaintain ng bahay (e.g., pest control, ayos kisame and alulod, etc.).
Currently making 400k net for a family of 3, so if mag add ng one more kid, minimum increase ng income by 100k.
Saving up rin para magpatayo ng apartment for passive income.
Earning 65K malinis na yon since provided samin lahat. Target income before my 30s is 100K. Kung nay husband na ko by that time, i would say at least 150K for both of us sana.
Ofw po ako. Working in uae sa hospitality industry kaya ganito yung benefits ko. As single, ok naman sya. Pero pag nagkafamily parang tagilid na. Btw im 26.
When I have enough money to have it work for me to sustain my life. Siguro ballpark figure mga 500k above of passive income. I think comfortable na ko with that amount meaning I don't have to worry about a lot of things including the price tag of the stuff I'm buying.
This varies for everyone. It will depend on what you think you need/want in your life. for example the amount I specified is more than enough for someone who doesn't care about luxury cars or luxury clothes. Pero if you are someone who cares a lot about the brand you wear or drive? 500k is not enough.
You asked about a theoretical amount right? you asked what should be my monthly income to consider myself rich? so if we talk about specifics, I have no idea I am no where close to that amount.
Personally, we (me & my SO) would need around 450k+ net to be able to save a lot, grow funds, cater all of our needs (groceries, utility bills, house & car bills), start up a business, live comfortably and eat out or travel whenever we want to.
In short, 450k+ is a good amount for us to have a serene, happy life. 🙏🏻
We are making 350k php per month. Pero di namin sure if makakabili kami bahay dito vancouver hahahaha.
Siguro mga 5 taon pa para mag kapera pang downpayment and loan.
Its subjective based on your actual or target expenses & number of dependents.
200k is sakto lang to cover the basics, eat out once a week. This includes 25% food & groceries, 10% househelps, 20% utilities, 20% cars/home/health maintance & 15% kids schooling, 10% allowance for hobbies & pets
I have 10 dependents relying on my income. 2 are still in school. 2 has medical needs.
I felt free to go about some of our family's wants(excluding mine) when my monthly net income reached 280k.
Even now at 400 net, i dont feel a bit rich. Gg at monggo day pa rin tuwing byernes & really has to follow on a strict budget. One month lang magpabaya, expenses can easily balooned even doubled when you just spend without thinking.
Based on my family's lifestyle, 500 would be my happy number.
OFW gross 700K monthly but i send 500K mmoney to Philippines.. I live with monthly allowance of 500dollars, live in a shabby apartment, no car. While my family in Phillipines is living in big house with katulong and yaya and has 3 cars.
I’m earning 430k/month but i don’t feel rich at all.
75k - mortgage
100k - monthly expenses
125k - paying another lot (investment)
30K - family support
80k - etf investment
Remaining other expenses
Most probably only after earning 800k that i would feel rich
Our current household income na 3xx,xxx nahihirapan makipagsabayan sa bills and expenses.
Family of 3. May psoriasis (me) + husband is diabetic and both of us are hypertensive. Our kid is kindergarten so dagdag yon sa expenses.
I also have side hustles (freelance work) and going back to my creative studio work, pero ang taas na din ng cost recently. Need more 💰💰💰 para mas maging comfortable and stable kung sakaling masga namin maiwan si junakis.
NEDA says you're rich if your family of five has a monthly income of over ₱241,640, which is 20 times the poverty line.
im earning around that and I cant see how this income can support a family of 5 while paying mortgages and bills. that number is probably outdated or came out of their assess.
That's true. If that's gross babawasan pa yan ng tax and gov't deduction, which is at 85K more or less. Now you're left with roughly 157K to pay for everything, including the education of your 3 children.
Fishball daw dapat foods niyo
same here and im even single. dont believe me? look at average house price in manila and current bank interest rates
200k family of 5? comfortable life lang yan but not rich 😅 3 lang kami, ako, anak ko at yaya nya pero halos wala matira. Mukhang rich para sa paningin ng iba pero hindi talaga 🤣
Bakit parang di ko naman damang mayaman? Parang we are still one sickness away from poverty
TBH even earning this amount, hindi ramdan yun pagiging rich eh. Cant even buy a big-ish house in metro manila
Is that gross or net?
Gross income for a family of 5.
Thanks for clarifying
Damn, parang kelan lang 100k lang more than enough na tapos ngayon sa mga comments dito 200k+ na 😭
Yeah scary to look at the figures. Hoping for everyone’s success here.
200k is the new 100k
Mismo, narealize ko din nung sinabi sakin ng gf ko na ang ineeaim ko na is 250k
Alam mo naman mga tao. never ending wants.
It's not really about that. Grabe kasi yung inflation
Inflation e
Hyperinflation? Hahaha Personally I'm in the 200k camp kahit malayo ako bago makarating doon for a comfortable quality life. I still don't think it's rich after my work exposure to rich people. Still depressing. Hahaha
kulang pa yan. am in the 200k+ category 😅
For me net income. 32 no kids just a husband. Ok na samin ang 60k.
una kong basa 32 kids
Ako din! At nadisturb ako bago matauhan.
Hahaha huy sorry na may ‘no’ yan naloka kaba haha
But will you be able to buy a house with 60k? I doubt especially dito sa Metro Manila.
The question is monthly net income NOT taking into factor the buying a house, rent etc. So 60k is more than enough assuming you dont have any kids. Why do i know this? Because im currently experiencing it now. Its feasible unless maluho sa life. Regarding naman your 60k sentiments if makaka buy ng house. Its possible also, there are rent to own houses here in metro manila but those are usually situated sa class upper c locations
Stupid me. I see ur point now. If exluding rent, food, and bills and ur left with 60k then it is pretty decent.
100k comfortable na ako since past time ko video games lang then eating healthy. If may family, 200k+ more or less para mas comfortable lifestyle and good education.
Currently at 150k net, more than enough for me. But should I plan to start my own family, my desired target is 300k and above
At least 200k NET. 60k for the 3 of us is quite liveable, pero yung comforts na hinahanap namin (house repairs, medical, healthy food) ay literally unreachable as of now. Videogames at baking lang naman ang hobbies ko, and both of those are quite expensive (just spent around 50-60k for a self built PC + 80k for room renovation and AC). I have a liquidity of around 500k palang, I know I'm doing good naman pero I just received the news na my mom needs operation, and ang estimate is around 250k. Kalahati agad ng naipundar ko for 6 years ay magagastos namin ng wala pang 1 month. Damn. Pay to win talaga ang buhay, and money can definitely buy happiness for me.
7 digits a month is the goal, dreaming big 😁
Single: 20k dhs - married w/ 2 kids: 55k dhs
Are you based in the UAE? Is 55k dhs per month realistic for us OFW’s especially in the UAE?
Yes pero maybe in <10% of ofws in uae. My 2 brother in laws earn more than 30K plus benefits
This is good to know.
super rare talaga makakita ng pinoy na may sweldo ng upper 20k usually mga lebanese at indians kasi nakakahawak ng mataas na posisyon
Kakaunti lang kakilala ko na kumikita ng more than 10k dhs here 🥲
It is. 2 professionals.
Possible, need luck and a niche where you excel. Most OFWs here are in service and creatives sector from what I see, which would not really give you that much, mababa masyado ceiling. The OFWs I know here that make a lot are in tech, sales, and finance - not in the usual positions or roles that are commonly known though.
Yes po in uae. In my opinion to be considered rich. Income lang if no benefits included like bahay, school, gas allowance.
200k -300k if you want to be comfortable
Same target, that is if you have a partner that also has a job.
IMO, depende sa sitwasyon. But normally 50k php person is sort of the minimum to live comfortably. So if you are family of 3, at least 150k to live comfortably.
Seriously guys, sa mga 100k above, ano ang pinagkakagastusan nyo? Ilan ba net minimum at maximum target/month pag modest lifestyle like affordable private school, travel, paid H&L, car, no other relative support nor vices.
It adds up. At 80k tuition per kid per year, add school expenses nasa 20k per month na yan. Salaries for help and driver if both parents are working ilagay na natin sa 20k. That's already 40k per month. Groceries at 20k? 60k a month already. Gas at 5k, already 65k a month. Utilities at 15k, now we are at 80k. 20k nalang natira wala pang savings and mortgage payments.
I see thanks. Advisable pa ba kumuha ng comprehensive insurance sa mga kotse or third party TPL na lang? NASA 1500 din per month pag new pa How about prepaid medical card page walang HMO/medical insurance? NASA 400 per month for a small family.
I always recommend getting comprehensive insurance kasi sobrang sakit sa ulo talaga yung accidents and sometimes, hindi talaga maiiwasan. Not getting insurance because it doesn't fit the budget just means the person can't afford a car yet. I can't answer regarding medical insurance since I'm in a unique spot where I get huge discounts sa medical costs. But when I had medical insurance when I was previously employed, nakakatulong din siya. I suggest you get it if wala kang close relatives na doctors.
If the vehicle is new, I get comprehensive but if my car is old say 10 years I only get TPL. I am thinking instead of getting critical/outpatient/inpatient insurance, might as well put it to dividend stocks and only have emergency fund in HYSA.
I don't have 100k yet but eto mga main gastos na inaanticipate ko kaya I want more than 150k: 1. I have a college student. around 30k x 3semesters tuition (lets say 100k for school stuff) + Baon + motor gas (120 pesos amg commute dito samin, 2 way. Fuck tricycles) 2. I want my own vehicle. Rego, Insurance, maintenance, repairs and fuel. May tolls and license pa. Those adds up A LOT. 3. Ang bisyo ko lang ay video games. It's usually a one time purchase pero sobrang laki. Tsaka electric.bills increase as you consume more KwH. 4. One hospitalization will wreck me financially. PhilHealth is fucking useless. 5. I don't care about yearly plane travels and dining out. I just wanna stay at home and cook then play games. I'd love to go to Japan someday tho. 6. I want to have 1 dog and 1 cat, pero probably not a kid. 7. Pagod na kami kumain ng processed food. Sobrang mahal ng local produce ngayon I think that's the bare minimum of comfort for me. I will not settle for bare minimum, I will strive to reach these.
Nakakalula ang comments but it also validates on why I'm spending 70k/month for a family of 3 together with my mother and 2 helpers. I sometimes beat myself up kasi walang natitira sa sahod namin despite having a simple lifestyle. Yun pala, napakamahal maging comfortable sa Pinas 🥲
Rich is IF you dont work for money but money works for you. You could be a very highly paid employee in the millions but still subject to someone’s whims. Be highly paid professional but as soon as you stopped seeing clients/patients, money stops flowing. Or be rich in (just) the thousands but need not lift a finger Basically it’s not just the quantity but also the quality of your cashflow.
My house is paid and I'm happy with the 120k a month I get from rentals. But a target, sure make it more
Finance is complex. It's not just about how much is incoming but how much is outgoing. I can have a monthly earning of 200k a month, but if im pissing it all off and not investing properly you'll still be ok ( I mean its 200k, imposibleng walang matira dyan in one month ), but you wont accumulate wealth fast. On the other hand, If im earning lower <100k per month but I own a home, conservative on my spendings and at the same time investing and saving aggressively you would be better off down the line. So for me the main thing I focus on to accumulate wealth is your increase your income, conservative lifestyle, and investing/saving smart.
Nagising nalang ako nasa ₱615k na utang ko to survive in this economy haha.
I am not Filipino however, I dream to retire in ph once that time comes. I am Australian so I will use my local currency, I would like to achieve half of I earn now in passive income to retire. Which as it stands would be around 6k aud a month. I have started to invest in ph I am 39 so putting in the work now to retire there later.
can I ask why you are choosing the Philippines to retire? As far as I know Australia has one of the best health care benefits for its citizens?
Hindi lng naman health care batayan for retirement and for sure pwede naman bumalik sa AU if need ng healthcare and can't afford.
Thank you, I was going to say the same. Health care is not the priority at all, Australia seems great on the outside but i prefer to be in mnl to be honest. You are correct if things got desperate I can always fly to Australia.
surprised you liked manila instead of the provinces where most retire..
If and when I might go to somewhere like tagatay or batangas. Close enough to be in mnl if I want. MNL delivers so many great features good food, good nightlife, always something to do.
south life is the way to go :D
Di ko rin magets sa mga tao to dito. Yes importante talaga ang health but you can get a good healthcare insurance here naman if you had 💵
Mostly kasi OFW, galing sa hirap kaya naging ganun ung mindset and besides hindi rin naman icocover ng health care insurance lahat my mga technicalities pa yan unlike immigrant which is usually my mga pera na yan at least sa PH standard
300k net and I can consider myself rich 100k for comfortable 50k net for just enough …assuming I’m single and I only have myself as a responsibility
Seaman here 15 years, asa best of the best in my field na.. super yachts I think.. to consider myself rich is around 800k- 1m, i admit im currently above average if i compare myself to majority of filos dare i say even seamans... Mga capitan at chief eng nalang siguro halos ang tataas sakin, realistically 500-550k sguro max kong ma achieve in a few years if i stay consistent.... Anyway imo nasa ganyan range ako bago maconsider rich basically kaya ko mag invest, mag ipon, mag luho, mag travel walang utang bayad bills, magpaaral ng magiging anak ko sa exclusive school
Well done kabaro! Proud of you! Galing!! Super yatches. 500k! Segundo ako dito sa LNG pero 385k a month lang. hopefully gumanda din sahod. Although may pinot ako kamote dito nasa 950k.
Objectively speaking, aka. based on government metrics, it’s 20x the income of the poverty line for the **household** (less tax, because net income). So look up the latest FIES report, and input the “rich” bracket into a tax calculator and you now know what net income your household should be earning based on objective metrics.
What do ya'll do to earn 100k+ in a month?
Im a graphic designer and I have multiple clients abroad paying me $1k-$1.5k per month, its really achievable.. right now I can earn $5-6k/mo.. you should try working online.
Wow, that's awesome! I'm a medical VA with 1 client. Planning to take medical coder course. Hoping I can earn that much too. ❣
Target is 250k. Pero no mortgages.more on comfy living and may bala to risk some for small businesses. My heart sank while reading these. Lalo na yung 200k is the new 100k Kasi I feel the same. I earn about 150k and we're a 220k income household, no kids, pero we still struggle. I take care of a parent who has dementia and the expenses are sobra talaga. I also help my siblings and pamangkins. Sa family ko wala kahit sino ang may insurances except for myself, If I put my parent in a home, nasa at least 50k ang monthly payment dun, cash pa. I have a very anxious relationship with money, kahit noon pa when I was young.
500k or 250k net. The little expenses add up
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magkano kaya abutin kung gusto mo 500k monthly passive income. heck ok na rin yung 500k quarterly
Set 500K x 12 = 6M. At 5% per anum dahil very conservative ka, 120M dapat ang investment mo. Wala pa pala yang Tax.
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At the current exchange rate you're almost there!
Unless 500K USD ang ibig mong sabihin.
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Haha. Magpapaampon na nga sana ako sayo kung sakali!
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whats your strategy to attain that 500k/month?
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investments supposed to be boring.. :D mga traders lang yung naeexcite pero mataas risk :D
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Family of ilan kayo?
uae ofw here..... earning around AED23k per nag start palang mag invest even though im more than a decade na. its because inayos ko muna yung mga past bad decisions ko sa buhay pero already bought a land then buying our childhood home sa makati at a massive discount. then saving up for mu kids college. saka im still researching ano iinvest ko sa stocks para may passive income ako im aware na mababa parin yung sweldo ko base sa position ko pero with my age, job security nalang gusto ko
250k para comfortable
Hello kapwa UAE OFW, umm husband and I are earning 40k aed a month - DINK. We still dont consider ourselves rich. Comfortable lang. Maybe 50k aed.
15k sar goods na
300k per month
Half a mil household income before 28 yrs old
Consideration ba kung breadwinner o hindi?
Earning at least 80k+ a month with a few increases occasionally. It's not enough. My immediate target is for it to be 100k minimum but I'm also guessing it's also not enough for our lifestyle.
100k
300k
200k+ for sure, 100k is decent and passable na (for a single person)
100k before the age of 30. After non, lets see gang san aabutin 😃
23yrs old earning 200k a month. Isa sa mali ko yung nag upgrade ako agad ng lifestyle. Mahirap kasi nafantasize ko yung cars, luxury clothing , gadgets and more. At kailangan mo masustain yun kaya imbis na simple lang buhay mo hustle uli kasi need ko magdagdag ng earnings para swabe ang buhay ko.
May i ask what is your work po?
200 net income is comfortable already. On my end it’s like that then 80% of it goes to investments which can be pulled out anytime (digital banks). 20% for emergency luho haha
Currently earning around 200k monthly with a family of 3 + 1 yaya and 3 cats. Eto breakdown ng expenses ko monthly. Utilities - 10k/mo Insurances(3 of us) - 8k/mo Yaya - 8k/mo Gas - 5k/mo Food - 15k/mo Rent - 6k/mo Car- 18k/mo Cat food- 3k/mo Cat litter - 2k/mo Luho (mostly food) - 10k/mo Diaper - 2k/mo Milk- 8k/mo Total - 95k/mo Wala pa akong anak na nagaaral nyan. Iam currently renting an apartment habang nagiipon ng pang bili ng bahay and paying monthly for a car. Ang mahal ng mga bilihin ngayon. To consider rich, i think you should earn around 400-500k monthly + time with yourself and family
My net is around 190k plus per month. I think if may family na ako, mga 250k 300k is Ok. Pag rich, baka 500k net. Housing amort palang 100k na siguro eh given house na mga 15m or 20m sa qc.
Atleast 300k net monthly so I can travel hehe
200k pesos monthly siguro okay na ko. Palakihan daw ng ipon instead of palakihan ng sweldo. Panoorin mo yung vlog ni Sir Vince Rapisura paano pag-ipunan yung retirement baka makatulong. List down your monthly expenses present value. Tapos macocompute mo magkano dapat yung retirement fund mo to cover yung future value ng monthly expenses mo. For me, real estate investment ang plan + SSS + MP2 savings. May townhouse unit na ko na pinaparent which gives me 12k pesos per month, plan ko pa magbuild ng isang vacation house rental. Target SSS pension is 20k pesos per month. And MP2 savings na makakapagbigay sakin ng 15k per month. At 32 no kids, may anxiety na agad na sana tama ginagawa kong paghahanda sa retirement. 🙈
im ofw too from the middle east, 13 years din.. able to earn an asset of 28M php and having a monthly salary of 250k+ php din. Do not have plans to retire now or aiming to go back to the Philippines to enjoy a comfortable life.. I am aiming to invest in live in other countries, so yeah, my money is not even 1 million usd to say that I am considered rich when I choose to migrate in a 1st world country
Php 1M
Dapat una kang nag invest sa insurance company or bili ng retirement fund. Consult a financial advisor, it will change your life and your family one day!
kakatakot, daming mamaw dito, when i consider myself already lucky. its really your concept of rich talaga. i wont eagerly aim for 200+ if it means compromising other factors of my life.
I'm earning net of 120k every month sobrang kulang nya to live comfortably.
$3k from monthly dividend.
That’s a nice target. If you don’t mind me asking, monthly dividend coming from which source? Thanks.
ETF and global stocks
Target is 300k/month. Currently earning 70k net pasive from 1 condo in Manila and a 5-door mini hostel in the province. Planning to look for more real estate investments to fund for early retirement. Medyo malayo pa, pero laban lang. :)
200K
Depende de n yan sa lifestyle nyu..100k a month is okay i guess..tapos mag sideline ka ng business para may income ka monthly like milktea kc easy to prep lang and madaling ibenta dahil mura lang..
200k net okay na ko. If kaya ko kitain sa Pinas yan through businesses uwi na ko sa Pinas. Invest yung extra sa passive for retirement.
What type of passive income will you invest in?
Mainly index funds, etfs, dividend stocks, mp2. I used to own 6 gyms and a restaurant in the Philippines but covid obliterated my sources of income. Balik nurse muna sa Canada for now. Prior to owning businesses, I used Wealth Simple auto investing (Canadian based portfolio management company). Allocated almost everything in index funds.
Current household income of more than 1M pero we dont feel rich pa rin. We are indeed grateful for this and yes, our family of 3 can get to travel out of the country 4-5 times a year pero daming bills, goals to save up, and loans. Monthly amort for loans pa lang nasa 300k na. Monthly bills could reach up to 200k. Then yearly insurances for the whole family amounting to nearly 1M. Were OFWs in the Middle East btw. Sabi nga, its not how much you earn. Its how much was left. So when we retire in the PH, we will be fine with 200k net income. No more loans. No more debts, emergency funds established. Health insurances paid up. Kids education fully funded. Just fully enjoying passive and/or active income of 200k net.
500k net for a family of 4 to be comfortable (not just surviving). Fully paid 500sqm house oand car pero mahal rin magmaintain ng bahay (e.g., pest control, ayos kisame and alulod, etc.). Currently making 400k net for a family of 3, so if mag add ng one more kid, minimum increase ng income by 100k. Saving up rin para magpatayo ng apartment for passive income.
Earning 65K malinis na yon since provided samin lahat. Target income before my 30s is 100K. Kung nay husband na ko by that time, i would say at least 150K for both of us sana.
Ano pong career niyo and ilang taon na po kayo?
Ofw po ako. Working in uae sa hospitality industry kaya ganito yung benefits ko. As single, ok naman sya. Pero pag nagkafamily parang tagilid na. Btw im 26.
500k
When I have enough money to have it work for me to sustain my life. Siguro ballpark figure mga 500k above of passive income. I think comfortable na ko with that amount meaning I don't have to worry about a lot of things including the price tag of the stuff I'm buying. This varies for everyone. It will depend on what you think you need/want in your life. for example the amount I specified is more than enough for someone who doesn't care about luxury cars or luxury clothes. Pero if you are someone who cares a lot about the brand you wear or drive? 500k is not enough.
What type of investments will majority of your 500k passive income be coming from?
You asked about a theoretical amount right? you asked what should be my monthly income to consider myself rich? so if we talk about specifics, I have no idea I am no where close to that amount.
Personally, we (me & my SO) would need around 450k+ net to be able to save a lot, grow funds, cater all of our needs (groceries, utility bills, house & car bills), start up a business, live comfortably and eat out or travel whenever we want to. In short, 450k+ is a good amount for us to have a serene, happy life. 🙏🏻
300k monthly net, 32, single. I still don’t consider myself rich pero comfortable naman. Hirap din mag ipon Dami gastos and mahal ng mga bills
My target is ₱500k/ month on passive and semi-passive income. Hoping to achieve it 5 years from now!
Hi, do you have tips po ba how to achieve this?
Curreantmy earnng 180K NET per month. I wanna have my own house and lot soon, so the goal is to increase monthly NET income to at least 250K
Earning mid 6 digits now and our monthly expense is below 100. I can say we are comfortable but not rich.
Not stable but my highest net is $5800 as freelance. I'm aiming to touch $10K either by end of this year or next year.
200-300k
We are making 350k php per month. Pero di namin sure if makakabili kami bahay dito vancouver hahahaha. Siguro mga 5 taon pa para mag kapera pang downpayment and loan.
Its subjective based on your actual or target expenses & number of dependents. 200k is sakto lang to cover the basics, eat out once a week. This includes 25% food & groceries, 10% househelps, 20% utilities, 20% cars/home/health maintance & 15% kids schooling, 10% allowance for hobbies & pets I have 10 dependents relying on my income. 2 are still in school. 2 has medical needs. I felt free to go about some of our family's wants(excluding mine) when my monthly net income reached 280k. Even now at 400 net, i dont feel a bit rich. Gg at monggo day pa rin tuwing byernes & really has to follow on a strict budget. One month lang magpabaya, expenses can easily balooned even doubled when you just spend without thinking. Based on my family's lifestyle, 500 would be my happy number.
1M a month sana. Mahirap pala 😭 Not even earning 6 digits monthly now…
I’m targeting 600k+ monthly in this economy. Currently at 200k+, so still pretty far from the goal.
OFW gross 700K monthly but i send 500K mmoney to Philippines.. I live with monthly allowance of 500dollars, live in a shabby apartment, no car. While my family in Phillipines is living in big house with katulong and yaya and has 3 cars.
I’m earning 430k/month but i don’t feel rich at all. 75k - mortgage 100k - monthly expenses 125k - paying another lot (investment) 30K - family support 80k - etf investment Remaining other expenses Most probably only after earning 800k that i would feel rich
Our current household income na 3xx,xxx nahihirapan makipagsabayan sa bills and expenses. Family of 3. May psoriasis (me) + husband is diabetic and both of us are hypertensive. Our kid is kindergarten so dagdag yon sa expenses. I also have side hustles (freelance work) and going back to my creative studio work, pero ang taas na din ng cost recently. Need more 💰💰💰 para mas maging comfortable and stable kung sakaling masga namin maiwan si junakis.
Im earning 150k pero saktuhan lng dahil din siguro may mga hinuhulugan ako house and lot
I’m a doctor and i target to have 500k as starting monthly salary