Financial Life Stages - Vince...
Transcript of Financial Life Stages - Vince...
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Financial Life Stages
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Worksheets
• Accomplish Money In, Money Out• Use estimates if exact figures are not available• Answer honestly
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Active vs. Passive Income
Active• Income derived from labor
or work• Primary income – main
source of income such as salaries
• Additional income – income from sideline, over time pay, part time
• Should only be used to fund basic needs
Passive• Investment income you earn
even when you do not work• Income earned from assets,
investments or both• Usually from rent, dividends,
interest, pension, royalties and capital gains
• Use passive income only to fund periodic wants and further increase investments
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83% of SEDPI Training Participants DO NOT
have passive income
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Financial Life Stages
Financial Life Stage
Passive Income
ExpensesSuggested Age
Start Up 0% 21-22Independence 1% to 10% 23-25
Growth 11% to 25% 26-3526% to 50% 36-45
Stabilization 51% to 75% 46-5576% to 99% 56 - 65
Freedom > 100% >65
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Features of Financial Life Stages
• Not about age• You can regress• Measured against ability to generate passive
income to cover expenses
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ROAD TO FINANCIAL FREEDOM
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Childhood
• 10 years old –Opened my first time deposit
• 12 years old – Sold ice buko
• 15 years old –Assisted in the family business
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Start Up Stage: College Days
• 20 years old – Sold personal computers and mobile phones
• 21 years old – Tutor, Rummage sale
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BSManagement2000
MastersinEntrepreneurship2004
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Financial Start Up Stage
• Experience a lot of firsts– Join the workforce– Receive salary– Pay tax
• No passive income• Financial milestone: Purchase medical insurance• Estimate age: 21-22 years old
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What to watch out for…
Benefits• Daily living is heavily
subsidized• Live rent-free• Free utilities• Free food
Warnings• You become oblivious of
your responsibilities• Your forget to plan for the
future• You purchase wants –
gadgets, vacations – and forget about investing
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What you need to do…
• Chart your financial goals• Purchase term insurance (limited pay)• Build emergency savings• Practice 5-15-20-60 budgeting
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SIR VINCE’S FINANCIAL INDEPENDENCE STAGE
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21 years old – NGO Employment
• Fields– Microfinance– Microenterprise Dev’t– Eco-enterprise Dev’t
• Acquired knowledge, skills and network through employment
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What you should do…
• Earn more active income and invest these to create passive income
• Harness the power of compounding interest early
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Sir Vince’s Independence Stage
• 2000 – NGO Employment; Part-time Consulting
• 2002 – Established computer shop (closed)
• 2003 – Swine raising (closed)
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SIR VINCE’S FINANCIAL GROWTH STAGE
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provides services on
Training
ConsultingResearch
25 years old– Established SEDPI
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SEDPI is the Philippine’s premiere capacity builder in the fields of
Microfinance
SocialEntrepreneurship
FinancialLiteracy
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26 years old – Residential rental property
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Rental PropertyYear Annual Rent Interest
ExpenseCumulativeNet Income
2006 192,000 69,533.73 122,4662007 216,000 67,238.61 271,2282008 240,000 64,840.26 446,3872009 240,000 62,333.97 624,0532010 264,000 59,714.93 828,3392011 264,000 56,977.98 1,035,3612012 288,000 54,117.89 1,269,2432013 312,000 51,129.08 1,530,1142014 336,000 48,005.79 1,818,1082015 360,000 44,741.98 2,133,3662016 384,000 41,331.23 2,476,035
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Property Market ValueYear Market Value Loan Balance Equity
2006 2,000,000 1,548,998 451,001 2007 2,120,000 1,495,701 504,298 2008 2,247,200 1,440,005 559,994 2009 2,382,032 1,381,804 618,195 2010 2,524,954 1,320,983 679,016 2011 2,676,451 1,257,426 742,573 2012 2,837,038 1,191,008 808,991 2013 3,007,261 1,121,601 878,398 2014 3,187,696 1,049,072 950,927 2015 3,378,958 973,278 1,026,721 2016 3,581,695 894,074 1,105,925
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Capital AppreciationYear Equity Market Value Capital
Appreciation2006 451,001 451,002 -2007 504,298 534,557 30,258 2008 559,994 629,209 69,215 2009 618,195 736,281 118,085 2010 679,016 857,242 178,226 2011 742,573 993,731 251,157 2012 808,991 1,147,570 338,578 2013 878,398 1,320,786 442,388 2014 950,927 1,515,634 564,707 2015 1,026,721 1,734,624 707,903 2016 1,105,925 1,980,545 874,619
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Economic Value: Rental Property
Year Cumulative Net Income
Market Value EconomicValue
2006 122,466 451,002 573,468 2007 271,228 534,557 805,784 2008 446,387 629,209 1,075,597 2009 624,053 736,281 1,360,334 2010 828,339 857,242 1,685,581 2011 1,035,361 993,731 2,029,092 2012 1,269,243 1,147,570 2,416,813 2013 1,530,114 1,320,786 2,850,899 2014 1,818,108 1,515,634 3,333,742 2015 2,133,366 1,734,624 3,867,990 2016 2,476,035 1,980,545 4,456,579
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PSEI vs RentalYear PSEI Economic
Value2006 569,160 573,468 2007 691,131 805,784 2008 357,384 1,075,597 2009 582,536 1,360,334 2010 801,686 1,685,581 2011 834,314 2,029,092 2012 1,109,221 2,416,813 2013 1,123,973 2,850,899 2014 1,379,790 3,333,742 2015 1,326,668 3,867,990 2016 1,305,441 4,456,579
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PSEI vs Rental
569,160
691,131
357,384582,536
801,686834,314
1,109,2211,123,973
1,379,7901,326,668
1,305,441
573,468
805,7841,075,5971,360,334
1,685,5812,029,092
2,416,8132,850,899
3,333,7423,867,990
4,456,579
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
PSEI RentalProperty
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SIR VINCE’S FINANCIAL STABILIZATION STAGE
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Development Finance
Loans
SharedResourceEquity
28 years old– Established SDFI
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Financial Resources
0.1 0.6 4.6 8.2 17.0 26.6
76.3
122.0150.0
195.0
242.0268.0
345.0
-
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
In‘000,000PHP
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Invested in Cooperatives
• Abuyog Saint Francis Xavier Cooperative• Bansalan Cooperative Society• Nueva Segovia Consortium of Cooperatives• Panabo Multipurpose Cooprative• Pantukan Chess Club Cooperative• Sacred Heart Savings Cooperative• Tagum Cooperative• USPD Multipurpose Cooperative
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What to watch out for…
• Ignoring acquiring knowledge and skill in investing
• Planning for retirement is too late• Rate of increase in lifestyle is faster than the rate
of increase in income• No family planning
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SIR VINCE’S FINANCIAL FREEDOM STAGE
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31 years old – Billboard Business
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32 years old – Incubation Company
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33 YEARS OLD: 10TH YEAR ANNIVERSARY
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34 years old – Rural Bank
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36 years old – Commercial Properties
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Traditional Investments Exposure
• No VUL• 2011 – Stock market (sold in 2013)• 2013 – bought bonds• 2014 – bought UITFs and Mutual
Funds (sold in 2017)
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PSEI vs Coop and Rural Bank
1,305,441
1,534,344
759,319
- 200,000400,000600,000800,000
1,000,0001,200,0001,400,0001,600,0001,800,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
PSEI Coop RuralBank
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FinalistEntrepreneur of the Year 2012
Ernst and Young – Philippines
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Special Recognition2015 Developmental Social Enterprise Awards
Isla Lipana & Co. (PwC Philippines) and BCYF
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Sir Vince’s Financial Freedom
• 2016 – Wrote a book and started an online talk show
• Financial literacy as advocacy – Go LSE!!!
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CLASS PICTURE
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Websitewww.sedpi.com
Telefax+632-433-8795
Office AddressUnit 303, Loyola Heights Condominium23 Dela Rosa Street, Loyola HeightsQuezon City