Dream Retirement Lifestyle.
By larish
@larish (2255)
Philippines
April 27, 2025 7:30pm CST
I am retiring soon. Most of my colleague are thinking of starting a small business by the time they retired, some would just be at home and just live with the pension money they will receive, but I have mentors who are now retired have save enough, have pension money and are living comfortably. I want to be like my mentors but I cannot save money right now as my earning are just enough for my monthly expense. For you guys, what is the percentage of your income that you are saving right now for your future. Honestly, it is so hard to save now as the commodities keeps on increasing the price and do not commensurate the increase in salary.
3 people like this
3 responses
@kaka135 (14954)
• Malaysia
28 Apr
I definitely don't have much savings, as I stopped working full time more than 10 years ago, and now I just work as a freelancer and I usually do not work and earn much too. We just barely cover the minimal necessities.
I used to think if I would go back to the corporate world to work when my children are grown up, but now I think I will just continue to be a freelancer, and there can be no retirement.
3 people like this
@larish (2255)
• Philippines
22h
I always believe that a woman who give up her corporate work are modern heroes. Please allow me to share with you this story. I have a colleague who return to corporate world when she was 40 years old. She gave up her corporate career to focus in taking care of her three kids and husband. She would always share with me the joy being present when the kids are growing up. Her kids' ages now are 20, 18 and 17 and I met them and they are all well-mannered and smart. So do not worry, you can still go back when the kids are all grown up.
1 person likes this
@ARIES1973 (11651)
• Legaspi, Philippines
22h
I was able to enter the government service at the age of 36. Now I am 52 and more than 15 years in service.
2 people like this
@ARIES1973 (11651)
• Legaspi, Philippines
28 Apr
Aside from the mandatory contribution in the GSIS, I also keep a certain amount in Pagibig MP2 or the Modified Savings. I also continuing my online earning activities while I am at the service. If ever I would start business again, I would start it before I retire so that I will just expand during that time. Starting a business when we retire may not be a very good idea.
2 people like this
@ARIES1973 (11651)
• Legaspi, Philippines
22h
@larish I had an online store where I sell bed sheets, curtains, pillow cases and scrunchies. I also accept orders. But I recently stopped because I was transferred to another town which consume a big chunk of my time because of long travel. I am planning to return but probably will remove the made to order part. I closed my permits because it might affect us if we can't pay the BIR on time. I will probably reapply in the future. I am also thinking of starting a rice retail business. But this one needs a physical store and a sales person.
With regards to MP2, you can start with Php500 per month. The good thing with MP@ is that you can pay online or you can have it deducted from your salary. You can apply online or you can visit their office.
2 people like this
@larish (2255)
• Philippines
22h
@ARIES1973, this is noted. Thank you, will look my options for MP2.
1 person likes this
