How Much Would You Need When You Retire?

August 12th, 2009 by allanj246

Most of us want to retire early to enjoy life while we can still travel and create more memories with our family. Yet reality makes us work hard until the last day that we can still legally work - 65 years old. Do you know that you can retire at any age you want if you just learn how to handle your finances and discipline yourself? Let me give you an idea how.

Say a couple wants to retire at age 50. Assuming that they would need Php50 per meal, how much would they need just for food if they live until age 85?

Php 100per meal for 2

x3meals/day

Php 300 – a day for food

Php 300

x365 days

Php 109,500 – money needed for food in a year

Php 109,500

x25years until age 85

Php 2,737,500 – the amount of money a couple needs to eat 3xa day for 25 years

Take note that the Php 2,737,500 is the amount they would need for food alone. We still didn’t consider other expenses like, medicine, rent or house maintenance, and also inflation rate which is currently at 9% in the Philippines.

Now how much do you think would you need when you retire at 50 or at the mandatory retirement age of 65? How will you be able to sustain your living expenses by then? The answer is now! Act now because it is never too late. Save whatever you can from whatever you’re earning now. There are a lot of ways to prepare for your retirement by investing the money you save through vehicles which give you maximum returns and hedging.

For a detailed plan and advice on managing your finances, get in touch with me.

Jay Asuncion

0917.700.6004

allanjay.d.asuncion@sunlife.com.ph or allanj246@yahoo.com

Lord Grant Me Serenity…

March 4th, 2009 by allanj246

“Lord grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.

-Reinhold Niebuhr (1930-1940)

Life comes at us fast. There are things and events in life that come as a surprise for us. It can come in some form of a wake-up slap to give us a huge dose of the reality we have to face. And when we try to maneuver the things around us just because we think that we can correct them, think again.

Some things are meant to happen that way and we all should just accept them because they are inevitable. However, there are also things that we can still do something about but either lack the courage to do so or are just too stubborn. The problem is, how do we know which side to stand? To change or to accept it?

Choosing the best way to deal with it could be a long and hard way because in the end you might be surprised that you’ve actually done both accepting and trying to change it. If you try to change it, you might end up having to just accept it. And if you try to accept it, you might also find yourself wanting to change the decision you made.

The way I see it, to end up accepting after trying to change it, than the other way around, is so liberating. A brave warrior knows when to retreat after putting up a good fight. He doesn’t have to die fighting to be called brave while his enemies party at his death. He does not have to accept defeat because he lived to fight another day. He just needs to accept the fact that he cannot win this time and has to live in order to give a better fight next time on the same battleground or another.

Reflections of an Insomniac

February 20th, 2009 by allanj246

A smirk turned to a smile. The smile, to a couple of chats. Those chats, to something better than ever…

A vivid picture of what could have been–a dream he never wants to forget once he wakes up.

His life was the perfect opposite of what he always wanted.

She Left With Me But Came Back Without Me

February 14th, 2009 by allanj246

We cherished every moment spent together from the start. We had different plans but kept our dreams together. I always remember and felt her happiness, love, and soul. I knew everything will be beautiful and I’d do everything to keep it that way.

The next day she woke up so much different. She is now in a different world. Everything around her felt different and new. She feared but eventually worked her way out in the new world as i stood beside her for support. Then she learned to stand on her own. I was happy for her that she was learning new things but it seems that there was one side of me starting to feel empty. I was losing her. I never stopped telling her how much she means to me and that I’d soon be with her so she can show me around the new world she discovered. She said she would and can’t wait for that day.

Then a day came when I had to wait for her to show up at our rendezvous. She said she got caught up with something she had to do. That day turned to days…weeks…and months. I was devastated and didn’t know what to do. I had no clue how to go about life without her. I patiently waited…

Then a girl suddenly approached me. She looked familiar as she got closer. She greeted me and I gave her a smile. It felt weird because she seems to know me. She wanted to say something but she can’t blurt it out. I told her that it’s ok. “I’m sorry I don’t love you anymore.” I was caught off guard and her words came as if the world had collapsed.

It was she. She forgot about me while trying to discover the new world she learned to love without me. She reached out but her hands were so full of the new things she now loves. I can see how happy she is. She left with me but came back without me.

How much is enough?

February 11th, 2009 by allanj246

I usually write about what i feel writing about. This time I want to share with you this article so you’ll have an idea how important financial planning is whether you have money to invest or not. There are important aspects in our earthly lives that we need to secure: education of our kids, retirement money, income security and investments to make our money grow (not just savings).

Hope you find this article informative so you can all start thinking, planning, and drawing your financial map. “Life is uncertain and we cannot always stay young to be working our ass*s off. :-)

How Much Is Enough?

Do you know that if something happens to you your income dies with you too? How and why do we protect ourselves and our loved ones from this inevitable reality?

The answer is insurance and investments. For example you’re the bread-winner and your family needs P20,000/month to survive (bills, grocery, tuition, allowances, transportation, etc.) and you are the only one bringing home that money, what would you do to make sure your family survives in case you get sick or they lose you? Do you wanna know how much insurance/investment you need to secure your family’s financial needs? Let me show you how to (as recommended by most financial planners):

1.Compute for your family monthly expenses (electric bill, water bill, food, clothing, transportation, rent, etc.). e.g. P20,000/month.

2.Multiply your monthly expenses by 12. That will give you your annual expenses. P20,000 x 12= P240,000.

3.If the family man dies, an annual income of P240,000 has to replace his presence in order for the family to go on living decently.

4.Get the current interest rates of time deposits in banks today. It’s around 3.5% or less. Let’s just say it’s 4% for the sake of computation.

5.Now divide you annual expense to 4%. P240,000 / 0.04 = P6,000,000.

You have to do this for you to be able to know how much insurance you need to get to protect your family and also to make your hard-earned money grow. See, in case the family man dies, his family will get a guaranteed P6,000,000 from the insurance plus the earnings of his fund. If the family puts it in a time deposit that earns 4%/ annum, they can get P240,000 per year or P20,000 per month.

Simple as that! The question is, who would you want to name as beneficiaries? There are a lot of insurance policies today. There’s one that gives you the hedge on inflation and results to a potential growth on your money through mutual funds (long-term investment) so you can enjoy your hard-earned money in case you decide to retire early. Or you can get a cheaper traditional life insurance for protection or income replacement.

text me for details: 09177006004

A Promise to God, You, and Myself

February 10th, 2009 by allanj246

We used to communicate through snail-mail when texting was just an idea and email-ing was not yet accessible for me. We would write letters to each other once a week. I recall those times when I had to wait for about 5 days to receive a response from her, sealed and stamped. The feeling was inexplicable—it was like seeing a bud blossom to be a flower and all you can do is just sit in awe—whenever I receive a letter from her. Then I would wait until everybody’s asleep and all quiet before I open the letter so I can hear her reading it to me. I knew she felt and did the same. I wish it never ended…

We grew up in two different worlds but soon found ourselves getting married. Then everything changed. She has to leave and I had to wait.

I never expected this to be harder than I thought. Nobody prepared me for this. Nobody tells you how much you have to give up but you just do it for love’s sake. I’ve given up so much of what made me who I am. I know I can’t say that but I just feel the need to. I made a choice and even if it’s harder than I thought, I don’t regret it. I never knew these things are gonna happen but I know we’ll get through these together.

There are times when I feel that I just need to give up…when everything’s so clouded and I can’t see where we’re going. There is a feeling of uncertainty that you hate because you always want to be in control. And we lose ourselves when everything is not the way we pictured it to be. Nothing today is going the way it’s supposed to be.

I was looking at some old photographs then it came to me. I remember the day when I felt and decided that I want to marry her. I really want her so much but there’s an overwhelming fear that I might hurt her and the idea of a might-be hell life waiting for us. But none of them mattered after giving it a thought. As the cliché goes, “there’s a rainbow after the rain.”  I believe that we will get through every milestone so long as we’re there for each other.

No matter how strong the storm is, that it seems to be taking you away from me, just grab my hands. Let go of the things you’re afraid to lose out in the storm because, in the long run, what matters is that we’re here for each other. Nothing and no one can take that away from us. I made A Promise to God, to You and to Myself and I will keep that forever.

TAIL-CHASING

February 3rd, 2009 by allanj246

We all become her victims some way or another. And if it does, the pain could be so excruciating that you’d wish it would all just go away in a snap. But it won’t.

You know it’s there when all the things you enjoy doing and are passionate with suddenly become meaningless. It starts with words you wish you’ve never said to each other. You’ll remember those words and sentences exactly how it felt when you first heard ‘em coz it will stick in your head like gunshot wounds that never heal. Then you’ll find yourself chasing after it like a puppy doing everything and anything to take it all back but you couldn’t. It’ll crush you because the one you’re actually chasing is also doing the same to you like a dog chasing his tail. (Just imagine the endless tail-chase your dog does until he gives up coz he can’t catch his tail and the latter couldn’t catch up with the dog.)

Suddenly there’s a gripping sense of ruination that you could hardly cope up with…the insolvency that burns your soul everyday. You failed and you will fail for the rest of your life.

The good thing is that it will all end. However, it will really take a long long time before you become yourself again. But you can never be the same like you used to. Ironic but true.

Destiny

January 26th, 2009 by allanj246

They met when they were young and life wasn’t that all complicated. They had the time of their lives and built dreams together. Until the time came when they both have to move on with their lives and follow their own dreams with hopes that someday destiny will lead them back.

They found each other again but this time, it is never the same as it used to.

People change. No matter how two people lived and shared the same dreams together, there will come a time when they both would have to sit down and start dreaming again. But it has to be a dream when they both cannot wake up from and continue dreaming together. And that is what most people call destiny.

But what is destiny? How does one perceive destiny to be? Does it really mean do nothing and sooner or later “destiny or fate will bring you back together.” Or as others put it, “if you are meant to be, you’re meant to be.” How do you know then if you were really meant to be for each other? Should you rely on pure luck and live on the illusion of a “happily ever after” sort of thing?

I guess that only goes true with Jasmine and Aladdin or Belle and the Beast. Try to leave your dreams to destiny and you probably won’t even live long enough to see how it ends.

Destiny is not at all so complicated. You don’t have to stare at the ceiling or  day dream that the one you love will soon come back to loving you even more than you loved him. Destiny simply means holding on to who you value most and what you believe in. It is the bridge you build to that one person you trully love and wait till he gets to your other end of the bridge. If you both find yourselves together on the other end, then you can say aloud that “if we are meant to be, we’re meant to be.”

HIS WIFE IS LEAVING HIM

January 26th, 2009 by allanj246
I came across this article yesterday and i finally thought that I was never alone. It was beautifully said that i never had to blog my own story here.
Life for me has been hell. Due to excessive social deprivation, I lost the ability see others as people, rather only as senseless, warbling animals. Even my close friends, and family. My sense of self was so grossly violated that change seemed impossible; I thought I had become irretrievably lost.
The good thing however is that i see the tail end of hell now. I can talk about it like this article I posted for you guys to read. So enjoy…

MY WIFE IS LEAVING ME

I usually write about either politics or philosophy at this site. Pardon the departure into the personal. Who can I talk to about it? Everyone I talk to about it wants to fix it, at which point the conversation becomes empty and shallow, as I realize as soon as the conversation is over.

It’s not exactly a surprise that my wife wants to leave me now. She’s been talking about it, in one way or another, for the full two years that we’ve been married. But she never followed through with it. But there would be these moments when she’d get depressed and start saying that she didn’t love me, that she was “dead” here, that she had never loved me, or at any rate not after the very beginning if even then. After those moments it felt terrible to be bound to her; it robbed the world of all its beauty.

Returning from a business trip last weekend I brought up the subject, I asked her to have a “serious talk.” I told her that I loved her and tried to explain what I meant. What I loved about her: her curiosity, which sometimes fired my interest in things I had never been interested in before; her considerateness to others on
birthdays and holidays; her never-boring-ness; the way she would get interested in people; her observant-ness; her love of photography; her commitment to truth… The memories we shared together was a part of our love too: our travels together in Russia, in Uzbekistan, in Africa, in Pennyslvania and Virginia and the Big Sur coast. And then the affection I had for her: all the things that were really meaningless in themselves and yet, just because I’d grown accustomed to them, I had a certain affection for. And then sexual attraction; even then I desired to touch her… I told her that when I asked her to marry me– that I would love her and be loved in return, commit to her and receive her commitment in return– she had a right to say yes or to say no and walk away, but not to say maybe, not to say yes and then partly take it back over and over again. And that she didn’t have a right to live the way she is living now, living with me without loving me and without commitment, still undecided.

She said the beginnings of a no, and asked if I wanted to talk it over. I said that if she were to answer yes, I wanted to talk about it, but if it was no, we’d better
not; I’d already heard it before, and it was hurtful. I repeated her words: that she didn’t love me, that marrying me had been a mistake, that she was only living a lie being with me, that she felt “dead,” and so on. And as I said it she began to cry. Hearing her own words repeated back to her made her cry. And then I fatally took pity on her. I embraced her, I said that if it would help to say what was inside her…

I’d heard it before in different ways but this time somehow it hit me harder. She told me that she couldn’t love me “as a husband,” that she’d tried as hard as she could… When I write her words again now it seems the only response to them is suicide. If differences in interests or whatever mean that there’s a lack of a
“basis” for the relationship… I don’t really understand her explanation, I don’t understand what it means… But if that can happen, if a woman can just not love her husband and have to leave, if there isn’t some divine law forbidding that, then the universe should never have been created.

The religious prohibition of suicide has been directly relevant to my life several times. In the past 72 hours I have thought it over again and again– is there some kind of loophole? If a person wants– if he needs– to die, if all his desires are for non-existence, isn’t there some way that can be arranged, without falling foul of the divine commands? It’s that that I can’t confess to relatives, to my mother, to my sister. They would be horrified, call it blasphemy– it is, no doubt– they would be wounded, and of course they would tell me not to, and who knows what they might do? Arrange for the cops to visit the house and remove all sharp objects perhaps? Demand that I be forced into counseling. It’s an interesting question: what are the state’s powers to prohibit suicide?

It’s a desire driven by emotions– the loss, the humiliation, the sense of terrible waste, the emptiness, the thoughts, the tormenting thoughts– but also rational: I have nothing to live for that would give me satisfaction. Furthermore the choices, looking forward, seem bleak: Marry again, someday, or don’t. Either option seems dismal. A single elderly man is simply pathetic: he imposes on
everyone who sees him a feeling of pity. But to marry again! To make oneself vulnerable to the fickle feelings of another person; that at any time she could decide she no longer loves you and walk away. The only motive I can imagine for doing that– now– is to avoid being a single elderly man and imposing pity on me.

It’s not that I believe life has no pleasures in store. I know there are many of them, from a good book to a symphony to flowers in spring to a good debate on philosophy. But they are not enough. Not enough to make it worth it, to justify enduring the boredom, the loneliness, the labor and griminess and hypocrisy that are a normal part of life; not enough to make it worth enduring the thoughts in particular, the memories of the times we spent together that are associated with the shameful repudation and loss, the memories of her saying I don’t love you as a husband

If suicide is divinely prohibited, I suppose I must obey. To obey resentfully is no doubt a sin, but not so bad a sin as to disobey I think. Also, there’s no way to exit this world without doing it messily. One can’t just disappear. The shame of suicide affects one’s family, affects my colleages (who would be deprived of my ongoing contributions to our joint projects), affects the people who gave me
student loans and have a right to be paid back, affects my landlords, my friends. Someone would have to find the body, someone would have to clean up the blood and bury it. I never litter in the public parks; would it do to leave my body there? The case against suicide: it’s bad manners.

The only thing that makes me not want to kill myself is the following (perhaps true) fantasy: God will triumph, destroying Satan and all his works, and among those works is my wife’s idea that a wife owes no obligation to her husband, that if she doesn’t, in her opinion, “love him as a husband,” she is entitled, nay she must, in order to avoid “living a lie,” leave her husband. That idea must be destroyed, cast into the pit, vanish into the endless night– or else the universe is incurably sad and should never have been created. And yet I don’t want my wife to be damned. My love for her, my affection for her, remains. My fondest dream– it is so easy to slip into the realm of illusion and imagine that it will be so, but a high price is paid for that pleasure– is that she’ll love me and come back to me. And that leads me immediately back to I don’t love you as a husband, and the thoughts, and the aching desire for suicide…

Lancelot at 7:03 PM, nOV. 13, 2006

Seven Pounds

December 20th, 2008 by allanj246

When darkness falls, the stars and the moon remind us that the sun is not far from shining again…

Hope is something you can find everywhere you search for it. But ironically, people who search never find it and those who don’t, end up surprised to see the sun rising again.

When nothing seems to matter and you lost all hopes to go on living, you can either wait to kill the time or kill yourself and give time for those who do not search.

My reflection from the movie SEVEN POUNDS. What a nice way to end your life. Simply put, make others happy if you can’t be happy. I just saw the movie and I want you all to see it too!

P.s. – This is not a spoiler though. c”)