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00:00.0
What would you suggest for me? What would be a realistic way to earn passive income at this stage in time?
00:09.5
And what are your thoughts in general about FIRE? Is it a good financial practice?
00:16.0
Ako ang happy naman talagang nag-research siya diba? May FIRE, may framework.
00:22.0
So yung FIRE, yung Financial Independence Retirement Early, actually a lot of people think of it as getting more income, income, income, income.
00:31.5
Pero on the contrary, ang talagang in-espouse niya is save as much as you can.
00:38.5
So living a frugal life, hindi nga simple life ang sinasabi niya eh.
00:42.5
Living a frugal life at the barest minimum because when you live at the barest minimum, you will only need a little also.
00:52.0
And with that a little, mas malaki masasave mo.
00:56.0
At mas kaya mong pondohan yun ng passive income.
01:01.0
So it really depends on your lifestyle.
01:04.0
So isiset mo yun.
01:06.0
Siyempre, iba iba tayo ng gusto sa buhay diba?
01:09.0
Gusto ni Edwin, ako.
01:13.0
Ang ibig sabihin ay, iba iba yung magpapaligaya sa atin.
01:17.0
Ikaw ba Ed, kailan ka na-retire?
01:19.0
Financially retire?
01:21.0
I think around 30 years old.
01:23.0
31! 31 years old tayo noon.
01:26.0
Magjawa kami ha, baka magkagulat mo pa.
01:29.0
We just celebrated our 20th anniversary last July! Imagine that!
01:35.0
Congratulations! Sana all. Baka may tips din kayo dyan para sa akin.
01:48.0
But yung sinasabi namin is yun.
01:50.0
The key in FIRE is more than the creation of the income is to settle for a simple lifestyle.
02:00.0
Yun yung essence niya.
02:03.0
And then if you have that, then it's easier to come up with sources of income na hindi talagang ang laki laki ng kakailangan yun.
02:12.0
Kasi yung pinupunan mo rin ay maliit.
02:15.0
So we were financially retired at 31.
02:20.0
But you know what happened?
02:22.0
So ako, I continued to work and Edwin decided to actually retire.
02:30.0
No work for 3 years, for a good 3 years.
02:34.0
And let's ask him what happened.
02:36.0
So after 3 years, Annabelle, I felt sad and without purpose.
02:42.0
Kasi at that stage, di ba, bata pa, 34, tapos wala kang ginagawa, while in a wait time.
02:48.0
Maganda siya sa simula, you romanticize the idea that you're on vacation always, pero you want to have a purpose.
02:55.0
So I returned back to work, but this time, not really about the income anymore.
03:01.0
So what's it about now?
03:03.0
It's about purpose.
03:04.0
Na yung contributing to...
03:06.0
O sige na, koronahan na kita.
03:11.0
So ang isang tip natin kay Annabelle ay to set that minimum lifestyle that you want for yourself.
03:18.0
Yun yung isang mahalaga doon.
03:20.0
At saka overstated for me yung retirement na hindi mo na talaga iisipin kung ano yung...
03:28.0
Wala ka nang gagawin, parang ganyan.
03:32.0
And kaya we came up with the 3 kinds of retirement.
03:37.0
So the first kind of retirement is what we call the nominal retirement.
03:42.0
At itong nominal retirement na to is what the government says.
03:45.0
When you reach this age, whether you have money or not, you are already retired.
03:50.0
Around 60 years old to 65.
03:52.0
60 is the optional, 65 is mandatory. Government yun.
03:58.0
And then we have what we call the financially retired.
04:03.0
You already have enough passive income to last your lifetime.
04:08.0
Pero we came up with the third.
04:10.0
And the third one is the meaningful and productive retirement.
04:14.0
That means you are also financially retired but you are not stopping work.
04:22.0
You're doing a passion.
04:24.0
And what you're actually doing now is, sabi nga ni Edwin, you're not doing this for the money.
04:29.0
But you're doing this because it makes you happy and you think it serves a purpose to the community.
04:37.0
That's the ultimate goals, yung number three na retirement.
04:45.0
At yung maganda kay Annabelle kasi as young as she is right now, ito yung pinag-iisipan niya.
04:51.0
Alam mo Annabelle, marami kasi nagko-comment sa atin sa ating comment section na bakit hindi ko ito nalaman nung mas bata pa ako.
04:59.0
And what's good with you is that batang bata pa si Annabelle.
05:03.0
And she's just already starting.
05:05.0
Ayun. Tapos ang caution ko rin lang dun sa FIRE is mayroon din kasi siyang...
05:11.0
Kasi dahil ang focus niya ay savings and living a frugal life, marami yung mga nagda-dive agad doon.
05:18.0
Tapos nasya-shock sila sa kung ano yung mangyayari.
05:22.0
Kasi parang save ka lang ng save at talagang tinitipid-tinitipid mo yung sarili mo.
05:27.0
Hindi siya sustainable kasi you're working and you're working but you're not enjoying part of it.
05:33.0
Kaya ang lagi namin sinasabi talaga ay balance talaga yung key.
05:38.0
FIRE might work to a few kasi if FIRE really works then sana ang dami ng gumagawa.
05:46.0
Pero hindi siya ganun ka-effective in a sense na masyado siya talagang save-save yung ginagawa na
05:55.0
yung enjoying the life, enjoying the now ay nakakalimutan.
06:01.0
So balance talaga yung key.
06:05.0
Curious lang ako, ano ba nagpapaligaya sa'yo ngayon?
06:10.0
Pagkain, honestly.
06:16.0
Sige, magkita niyo tayo ni Lakat minsan, magt-tweet, magt-tweet aniyan.
06:20.0
Magkita niyo tayo ni Lakat minsan, magt-tweet, magt-tweet aniyan.
06:27.0
Thank you so much for those tips, I'll keep them in mind.
06:31.0
Thanks for watching!
06:32.0
Kung may kapamilya, kaibigan o pakilala kang tingin mo ay magiging interesado dito sa video,
06:38.0
please share to them or tag them in the comments section.
06:42.0
Siyempre, kung nagustuhan mo ang video, pusoan mo na ito, subscribe ka na rin.
06:48.0
As always, feel free to write your questions, comments, and opinions respectfully.
