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CREATING YOUR FUTURE

The best way


to predict your future
is to create it.
Abraham Lincoln
HAVE YOU HEARD ABOUT
THE X-CURVE CONCEPT?
YOU MUST TAKE CARE OF YOUR RESPONSIBILITIES
WHILE BUILDING YOUR WEALTH

BIG RESPONSIBILITIES BIG SAVINGS

DISABILITY
MONEY @ WORK MONEY @ WORK
YOU WORK FOR MONEY RETIREE / SENIOR CITIZEN

LIVE TOO LONG


DIE TOO SOON
INCOME PENSION INCOME
RESPONSIBILITIES RESPONSIBILITIES
COST OF LIVING COST OF LIVING
HEALTHCARE LONG TERM CARE
EDUCATION
DEBTS RETIREMENT FUND
PROTECTION (SAVINGS + INVESTMENT)
(INSURANCE)
CRITICAL ILLNESS
YOUNGER OLDER
TOO LITTLE / NO SAVINGS
Love Your Family
LIFE NO RESPONSIBILITIES
Live in Dignity
HAVE YOU HEARD ABOUT
THE X-CURVE CONCEPT?

HOW MUCH
HOW MUCH
RETIREMENT FUND &
INCOME PROTECTION
LONG TERM CARE
DO YOU NEED?
DO YOU NEED?

YOUNGER OLDER
THE FINANCIAL NEEDS ANALYSIS
HAVE YOU HEARD ABOUT
THE X-CURVE CONCEPT?
THE 10-20 RULE
2,000,000 4,400,000
HOW MUCH PROTECTION HOW MUCH RETIREMENT
WOULD YOU NEED? FUND
MONTHLY INCOME 12 MONTHLY
WOULDINCOME 12
YOU NEED?
10
20,000 12 = 20
20,000 12 =
240,000 10 240,000 20
2,400,000 4,800,000
DIE TOO SOON LIVE TOO LONG
INSURANCE NEEDED RETIREMENT FUND NEEDED
LESS: SAVINGS & LESS: SAVINGS &
INVESTMENT INVESTMENT
2,400,000 - 400,000 4,800,000 - 400,000

2,000,000 4,400,000
NET INSURANCE NET RETIREMENT FUND
COVERAGE HOW MUCH CAN YOU SAVE PER DAY NEEDED
TO START YOUR PROTECTION & INVESTMENT
PROGRAM?

A B C D E
75.00 / DAY? 100.00 / DAY? 125.00 / DAY? 175.00 / DAY? 250.00 / DAY?
(27,000 / A) (36,000 / A) (54,000 / A) (72,000 / A) (108,000 / A)
DO YOU KNOW HOW MONEY WORKS?
THE 10-20 RULE
DONT YOU KNOW
7 YEARS PROTECTION
AFTER 20
SAVINGS SAVINGS & (TERM LIFE
YEARS
AT AGE 60 AT AGE 65
INVESTMENT INSURANCE)
75/D
(27,000/A 188,790 202,500 524,776 1,361,133 2,192,119
)
100/D
(36,000/A 250,551 270,000 699,701 1,814,844 2,922,825
)
125/D
(45,000/A 312,312 337,500 874,626 2,268,555 3,653,531
)
175/D
(63,000/A 415,247 450,000 1,166,168 3,024,740 4,871,375
)
250/D
(90,000/A 621,124 675,000 1,749,253 4,537,111 7,307,062
)
DO YOU KNOW ABOUT
HOW MONEY WORKS?
WHERE DO WE PUT OUR MONEY?
THE RULE OF 72
THE RULE OF 72 IS A TECHNIQUE FOR ESTIMATING THE
NUMBER OF YEARS REQUIRED FOR AN AMOUNT INVESTED AT
COMPOUND INTEREST TO DOUBLE. TO OBTAIN SUCH NUMBER
OF YEARS, SIMPLY DIVIDE 72 BY THE APPLICABLE INTEREST
RATE THAT YOUR INVESTMENTS IS EARNING. [BLACKS LAW
DICTIONARY ABRIDGED EDITION. MANILA: MERRIAM &
WEBSTER, INC., 1983]

THE POWER OF COMPOUND INTEREST


0.375 %/a. 19 %/a.
72 4 = 18 72 8 = 9 72 12 = 6
AG INVESTMEN AG INVESTMEN AG INVESTMEN AVERAGE FILIPINO DEPOSITOR
E T E T E T (CREDITOR)

29 100,000 29 100,000 29 100,000


47 200,000 38 200,000 35 200,000
65 400,000 47 400,000 41 400,000
56 800,000 47 800,000
1,600,00 1,600,00
65 53
0 0
3,200,00
59 19 %/a. 19 %/a.
THE DIFFERENCE BETWEEN 400,000 AT 4% VERSUS 12% IS 0

6,000,000. 6,000,000 IS EQUIVALENT TO 20 YEARS SALARY OF
A PERSON WHO WORKS AT AN ANNUAL SALARY
6,400,00 RICH INVESTOR (OWNER / LENDER)
65 OF 300,000
OR 25,000 PER MONTH. 0
DO YOU KNOW ABOUT THE HIGH
COST OF EDUCATION?
DO YOU KNOW DATA ON TUITION FEE INCREASE FOR SY 2013 2014

MOST PARENTS DONT PREPARE THEIR % OF REGION % OF


CHILDRENS COLLEGE EDUCATIONAL FUNDS. REGION
INCREASE INCREASE
MANY WOULD PREFER NOT TO THINK ABOUT
IT AT ALL, HOPING THAT THINGS WILL I 12% NCR 9%
SOMEHOW WORK OUT.
II 15% CAR 8%
IT IS IMPORTANT TO UNDERSTAND COLLEGE III 10% CARAGA 13%
COSTS, THE ADMISSION PROCESS, FINANCIAL
AID AND HOW TO NAVIGATE THE COMPLEX IVA 8% AVERAG 10%
COLLEGE FUNDING SYSTEM. E
IVB 10%
YOU CAN UNDERSTAND AND PARTICIPATE IN THE DROP OUT RATE
V 11% MIGHT INCREASE
COLLEGE PLANNING PROGRAMS AND HELP
BECAUSE OF
SAVE FOR YOUR CHILDRENS COLLEGE VI 9% MONETARY CONSTRAINTS
EDUCATION. FOR THE
VII 9%
WE CANT PUT SO MUCH TIME AND MONEY TWO (2) MORE EXTRA
INTO RAISING OUR KIDS AND THEN BECOME VIII 9% YEARS
IN SENIOR HIGH SCHOOL.
UNWILLING TO LOOK INTO COLLEGE
IX 9%
PLANNING.
X 7%
OUT OF 100 ENROLLED IN GRADE SCHOOL
XI 11%
ONLY 67 FINISHED 64 ENTERED HIGH
SCHOOL ONLY 45 COMPLETED 26 XII 8%
PROCEEDED TO COLLEGE ONLY 7
SOURCE: COMMISSION ON HIGHER
GRADUATED. EDUCATION

TAKE CARE OF YOUR CHILDRENS FUTURE.


DO YOU KNOW ABOUT THE
COST OF EDUCATION?
COST OF EDUCATION IN THE PHILIPPINES
ANNUAL TUTION OF DAVAO SCHOOLS, COLLEGES AND UNIVERSITIES (SY 2013
2014)

SCHOOL ANNUAL TUITION


FEE
1. ATENEO DE DAVAO UNIVERSITY 100,000
2. BROKENSHIRE COLLEGE 60,000
3. DAVAO MEDICAL SCHOOL FOUNDATION 60,000
4. SAN PEDRO COLLEGE 58,000
5. UP MINDANAO 50,000
6. UNIVERSITY OF THE IMMACULATE 42,000
CONCEPTION
7. UNIVERSITY OF MINDANAO 40,000
8. HOLY CROSS OF DAVAO COLLEGE 36,000
DO YOU KNOW ABOUT THE
COST OF EDUCATION?
COST OF EDUCATION IN THE PHILIPPINES
ESTIMATED ANNUAL TUITION FEE AT 10% TUITION FEE INCREASE
BASED ON THE ANNUAL TUITION FEE IN SY 2013-2014
ADDU BCD DMSF SPC UP MIN UIC UM HCDC
YEAR
100,000 60,000 60,000 58,000 50,000 42,000 40,000 36,000
1 110,000 66,000 66,000 63,800 55,000 46,200 44,000 39,600
2 121,000 72,600 72,600 70,180 60,500 50,820 48,400 43,560
3 133,100 79,860 79,860 77,198 66,550 55,902 53,240 47,916
4 146,410 87,846 87,846 84,918 73,205 61,492 58,564 52,708
5 161,050 96,630 96,630 93,409 80,525 67,641 64,420 57,978
6 177,160 106,296 106,296 102,753 88,580 74,407 70,864 63,778
7 194,870 116,922 116,922 113,025 97,435 81,845 77,948 70,153
8 214,360 128,616 128,616 124,329 107,180 90,031 85,744 77,170
9 235,790 141,474 141,474 136,758 117,895 99,032 94,316 84,884
10 259,370 155,622 155,622 150,435 129,685 108,935 103,748 93,373
11 285,310 171,186 171,186 165,480 142,655 119,830 114,124 102,712
12 313,840 188,304 188,304 182,027 156,920 131,813 125,536 112,982
13 345,230 207,138 207,138 200,233 172,615 144,997 138,092 124,283
14 379,750 227,850 227,850 220,255 189,875 159,495 151,900 136,710
15 417,720 250,632 250,632 242,278 208,860 175,442 167,088 150,379
16 459,500 275,700 275,700 266,510 229,750 192,990 183,800 165,420
17 505,450 303,270 303,270 293,161 252,725 212,289 202,180 181,962
18 555,990 333,594 333,594 322,474 277,995 233,516 222,396 200,156
19 611,590 366,954 366,954 354,722 305,795 256,868 244,636 220,172
20 672,750 403,650 403,650 390,195 336,375 282,555 269,100 242,190
DO YOU KNOW ABOUT
CRITICAL ILNESSES / DREADED
DISEASES?
DO YOU KNOW THAT
In 4 men and 1 in 5 women will contract
one of the critical illnesses before age 65?
You are 7 times more likely to suffer from a
critical illness before reaching age 65 than
you are to die?
Heart diseases, cancer and accidents are 3
of the top 10 conditions of medical costs?

1 in 9 women will develop breast cancer?

1 in 2 men at risk of contracting cancer by


year 2022?
Source: Office of National Statistics and Swiss Reinsurance, and Towers Watson
DO YOU KNOW ABOUT
CRITICAL ILNESSES / DREADED
DISEASES?
DO YOU KNOW THAT

ESTIMATED MINIMUM COST OF


TREATMENT:
BYPASS SURGERY : P 900,000
KIDNEY TRANSPLANT : P
1,000,000
CHEMOTHERAPY (PER SESSION) :
P 60,000
Source: www.medicaltoursimguide.com, Health Mirror
DO YOU KNOW ABOUT
CRITICAL ILNESSES / DREADED
DISEASES?
DO YOU KNOW THAT
11% 13%
NAT'L GOVT.
DESPITE VARIOUS PUBLIC AND PRIVATE 13% LOCAL GOV'T.
HEALTH BENEFITS, THE FILIPINO STILL SOCIAL HEALTH
9%
ANSWERS FOR 54% OUT-OF-POCKET 54%
INSURANCE
OUT OF POCKET
OFMEDICAL EXPENSES. (SELF-INSURANCE)

IF A PERSON WAS CONFINED IN THE HOSPITAL AND HAS


A BILL OF PHP 100,000, HE HAS TO PAY FROM HIS OWN
POCKET 54% OF THE BILL, THAT IS, PHP 54,000.00.

PROVIDE YOU WITH HEALTH FUND WHEN YOU


RETIRE OR WHEN YOU STOP WORKING
(SOMEONE TO TAKE CARE OF YOU WHEN YOU
GET OLD).
DO YOU KNOW
ABOUT HAPPY
RETIREMENT?
DO YOU KNOW
THAT
SAVINGS FOR RETIREMENT IS AT THE BOTTOM OF FILIPINOS PRIORITY
LIST. THEY HOPE THE PENSION FROM SSS OR GSIS WOULD BE ENOUGH
TO COVER THEIR BASIC AND HEALTHCARE NEEDS DURING THEIR
RETIREMENT YEARS.
ON AVERAGE, FILIPINOS THINK OF RETIREMENT AT AGE 28 BUT ONLY 5%
OF THEM SERIOUSLY PLAN FOR IT? (MoneySense-5 Steps to Planning Your
Retirement)
IF I WILL RETIRE AT THE AGE OF 65 AND EXPECTS TO LIVE 20 MORE
YEARS, HOW MUCH WOULD I SPEND FOR FOOD EXPENSE ALONE?
SAMPLE
COMPUTATION:

PHP 100.00 / MEAL DO I HAVE ENOUGH FUNDS FOR THESE:


3 MEALS / DAY
30 DAYS

==============
=
PHP 9,000 / MONTH
12 MONTHS
HOUSING / EMERGENC
20 YEARS MEDICAL RENT TRAVEL / Y
EXPENSES? EXPENSES? LEISURE? EXPENSES?
==============
=
DO YOU KNOW
ABOUT HAPPY
RETIREMENT?
DO YOU KNOW
THAT

FINANCIALLY STILL RELY ON DEPEND ON ASK/BEG FOR


INDEPENDENT WORKING SSS / GSIS RELATIVES CHARITY

2% 40% 20% 30% 8%


A B C D E

HOW DO YOU SEE YOURSELF AT YOUR RETIREMENT YEARS?

Source: 2008 Consolidated Data from SSS, GSIS, NSCB

YOU ARE NEVER TOO OLD TO SET ANOTHER GOAL OR TO DREAM A NEW DREAM.
(C.S. LEWIS)
The future starts today.

Pope John Paul II

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