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Showing posts with label Rent. Show all posts
Showing posts with label Rent. Show all posts

Monday, July 09, 2018

You Too Can Earn As Much As P131K From SSS Flexi Fund Investment


Every overseas Filipino worker (OFW) you may come to meet has a common reason why they chose to work abroad— to earn for their family. They need to provide for the needs of their family. Many of them have no house yet, maybe some of them are still paying for rent or a mortgage. They even maybe took a loan just before their deployment.

However, their hard-earned salary must be sent home to pay for all of these obligations leaving the OFW with very little money left in their pockets. That is why many OFWs return home without any savings except the annuity or gratuity pay if they can get any.
The Social Security System has designed a solution to help the OFWs secure their future by having an investment that requires a minimum amount of the only P200 through SSS Flexi fund. With it, you can even earn as much as P131,000 in a year.

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Every overseas Filipino worker (OFW) you may come to meet has a common reason why they chose to work abroad— to earn for their family. They need to provide for the needs of their family. Many of them have no house yet, maybe some of them are still paying for rent or a mortgage. They even maybe took a loan just before their deployment.   However, their hard-earned salary must be sent home to pay for all of these obligations leaving the OFW with very little money left in their pockets. That is why many OFWs return home without any savings except the annuity or gratuity pay if they can get any.  The Social Security System has designed a solution to help the OFWs secure their future by having an investment that requires a minimum amount of the only P200 through SSS Flexi fund. With it, you can even earn as much as P131,000 in a year.  Advertisement           Sponsored Links         Any OFW who is an active SSS member can start investing while paying their contribution. They can also withdraw the fund anytime they wish to but of course, the bigger your investment, the bigger return you may get. The voluntary provident program for overseas Filipino workers (OFWs) disbursement has earned double-digit growth last year according to SSS.  In a statement, the state-run pension fund said it paid out P17.38 million in Annual Incentive Benefits (AIB) under the Flexi Fund program to more than 47,000 OFW members in 2017, up 12.13 % from the previous year.   The number of qualified OFWs with active Flexi Fund accounts also went up by 9.87% to 47,284 said SSS President and CEO Emmanuel Dooc.   Flexi Fund is a voluntary program that allows OFWs to save a chunk of their incomes and allow their investment to grow. It is offered exclusively to OFWs in addition to regular SSS benefits.  Their savings are sourced from payments not lower than P200 that are on top of required maximum SSS contributions. The money is invested in fixed income securities and interest rates are based on the average rates of the SSS’ short-term placements or the 91-day Treasury bill, whichever is higher, and re-priced quarterly. The SSS chief also noted that members’ equity in 2017 amounted to P732.05 million while actual investment income reached P32.07 million, of which P12.75 million was credited to members’ accounts as guaranteed earnings.Read Also: How to open an SSS Flexi Fund Dooc said the AIB received by each member varies on the Flexi Fund’s year-end net investment income and is distributed based on their equity shares. It is given to members who have no full Flexi Fund benefit claims within the applicable year. In 2017, a member reached P131,475 credited to his/her account. The average AIB per qualified member was P368 according to SSS.  READ MORE: 11 OFWs Illegally Detained In A Room For 1 Week, Asking For Help  Survey: 8 Out of 10 OFWS Are Not Saving Their Money For Retirement  Dubai OFW Lost His Dreams To A Scammer

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Any OFW who is an active SSS member can start investing while paying their contribution. They can also withdraw the fund anytime they wish to but of course, the bigger your investment, the bigger return you may get.
The voluntary provident program for overseas Filipino workers (OFWs) disbursement has earned double-digit growth last year according to SSS.

In a statement, the state-run pension fund said it paid out P17.38 million in Annual Incentive Benefits (AIB) under the Flexi Fund program to more than 47,000 OFW members in 2017, up 12.13 % from the previous year.

 The number of qualified OFWs with active Flexi Fund accounts also went up by 9.87% to 47,284 said 
SSS President and CEO Emmanuel Dooc.


Flexi Fund is a voluntary program that allows OFWs to save a chunk of their incomes and allow their investment to grow. It is offered exclusively to OFWs in addition to regular SSS benefits.

Their savings are sourced from payments not lower than P200 that are on top of required maximum SSS contributions. The money is invested in fixed income securities and interest rates are based on the average rates of the SSS’ short-term placements or the 91-day Treasury bill, whichever is higher, and re-priced quarterly.
Every overseas Filipino worker (OFW) you may come to meet has a common reason why they chose to work abroad— to earn for their family. They need to provide for the needs of their family. Many of them have no house yet, maybe some of them are still paying for rent or a mortgage. They even maybe took a loan just before their deployment.   However, their hard-earned salary must be sent home to pay for all of these obligations leaving the OFW with very little money left in their pockets. That is why many OFWs return home without any savings except the annuity or gratuity pay if they can get any.  The Social Security System has designed a solution to help the OFWs secure their future by having an investment that requires a minimum amount of the only P200 through SSS Flexi fund. With it, you can even earn as much as P131,000 in a year.  Advertisement           Sponsored Links         Any OFW who is an active SSS member can start investing while paying their contribution. They can also withdraw the fund anytime they wish to but of course, the bigger your investment, the bigger return you may get. The voluntary provident program for overseas Filipino workers (OFWs) disbursement has earned double-digit growth last year according to SSS.  In a statement, the state-run pension fund said it paid out P17.38 million in Annual Incentive Benefits (AIB) under the Flexi Fund program to more than 47,000 OFW members in 2017, up 12.13 % from the previous year.   The number of qualified OFWs with active Flexi Fund accounts also went up by 9.87% to 47,284 said SSS President and CEO Emmanuel Dooc.   Flexi Fund is a voluntary program that allows OFWs to save a chunk of their incomes and allow their investment to grow. It is offered exclusively to OFWs in addition to regular SSS benefits.  Their savings are sourced from payments not lower than P200 that are on top of required maximum SSS contributions. The money is invested in fixed income securities and interest rates are based on the average rates of the SSS’ short-term placements or the 91-day Treasury bill, whichever is higher, and re-priced quarterly. The SSS chief also noted that members’ equity in 2017 amounted to P732.05 million while actual investment income reached P32.07 million, of which P12.75 million was credited to members’ accounts as guaranteed earnings.Read Also: How to open an SSS Flexi Fund Dooc said the AIB received by each member varies on the Flexi Fund’s year-end net investment income and is distributed based on their equity shares. It is given to members who have no full Flexi Fund benefit claims within the applicable year. In 2017, a member reached P131,475 credited to his/her account. The average AIB per qualified member was P368 according to SSS.  READ MORE: 11 OFWs Illegally Detained In A Room For 1 Week, Asking For Help  Survey: 8 Out of 10 OFWS Are Not Saving Their Money For Retirement  Dubai OFW Lost His Dreams To A Scammer
The SSS chief also noted that members’ equity in 2017 amounted to P732.05 million while actual investment income reached P32.07 million, of which P12.75 million was credited to members’ accounts as guaranteed earnings.

Read Also: How to open an SSS Flexi Fund
Dooc said the AIB received by each member varies on the Flexi Fund’s year-end net investment income and is distributed based on their equity shares. It is given to members who have no full Flexi Fund benefit claims within the applicable year.
 In 2017, a member reached P131,475 credited to his/her account. The average AIB per qualified member was P368 according to SSS.

©2018 THOUGHTSKOTO

Saturday, March 17, 2018

Can OFWs Buy Life Insurance Online?

What if something happened to you? How would be the financial status of your family especially when they have to pay the mortgage, rent, monthly bills, daily needs, tuition fee, etc. and you don't have a life insurance?
Life insurance is a way of saving for the future of our loved ones should anything untoward happened to us. It provides financial security and peace of mind to your family and immediate beneficiaries. 
As overseas Filipino workers (OFW) who are always outside the country, applying for a life insurance could be somewhat difficult.
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What if something happened to you? How would be the financial status of your family especially when they have to pay the mortgage, rent, monthly bills, daily needs, tuition fee, etc. and you don't have a life insurance?  Life insurance is a way of saving for the future of our loved ones should anything untoward happened to us. It provides financial security and peace of mind to your family and immediate beneficiaries.   As overseas Filipino workers (OFW) who are always outside the country, applying for a life insurance could be somewhat difficult.  Advertisement        Sponsored Links      Now OFWs can secure their future by availing life insurance online.  AXA Life launched AXA Ion, the first life insurance which you can purchase at the convenience of your own home through internet. There will be no need for the OFWs to wait for their next vacation just to get a life insurance.    AVAILABLE PRODUCTS  Educational Plan  The cost of college education in a good private school today is over P100,000 a year and tuition fees also regularly increase.  Academic Exentials is an educational plan with guaranteed cash benefits to help you with the costs of college education like tuition fees, textbooks, or learning materials.  Automatic Savings Plan  Savings Exentials is the easy, convenient and automatic way to save even while you’re abroad. Another feature of Savings Exentials is that you won’t have to pay premiums if you get totally or permanently disabled.  Moreover, should you become disabled or suddenly pass away, you or your family will still receive the guaranteed cash benefits on your savings plan when your Savings Exentials matures.  Health and Disability Insurance  More and more people are getting sick with critical illnesses such as heart disease, stroke, and cancer. Treatments for these can be very expensive.  With Health Exentials, you get a value-for-money health plan that can provnide you more than P5,000,000 worth of medical benefits for as low as only P59 a day.  Health Exentials gives you high coverage in case you get any of the 35 critical conditions or illnesses covered, 100% upon diagnosis and another 100% if you get totally and permanently disabled because of the condition.  You also get a cash benefit for every day of hospitalization when you are confined in for 3 days or longer, plus double the amount in case you’re confined in the ICU (intensive care unit). You also get a cash benefit if you reach age 55 without using this critical illness insurance plan or in case you pass away within the coverage period  Life Insurance  You work hard away from your loved ones to give them a good life. But what happens if you unexpectedly pass away, especially while you are abroad? Who will take care of the day-to-day needs of your family?  With Life Exentials, your family and loved ones can receive cash for up to 60 months in case of your death or upon diagnosis of a terminal illness, even while you’re abroad.  Your family can use the guaranteed cash benefit to help pay for daily living costs, including household expenses, food, rent, and utility bills. They can also stay ahead of long-term costs, like education or mortgage, even after you’re gone, so that your dreams for them can still come true, even when you’re gone. Read More:  5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich    Tips On How To Handle Money For OFWs And Their Families    How Much Can Filipinos Earn 1-10 Years After Finishing College?   Former Executive Secretary Worked As a Domestic Worker In Hong Kong Due To Inadequate Salary In PH    Beware Of  Fake Online Registration System Which Collects $10 From OFWs— POEA     Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?  Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?

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Now OFWs can secure their future by availing life insurance online.
AXA Life launched AXA Ion, the first life insurance which you can purchase at the convenience of your own home through internet. There will be no need for the OFWs to wait for their next vacation just to get a life insurance.
What if something happened to you? How would be the financial status of your family especially when they have to pay the mortgage, rent, monthly bills, daily needs, tuition fee, etc. and you don't have a life insurance?  Life insurance is a way of saving for the future of our loved ones should anything untoward happened to us. It provides financial security and peace of mind to your family and immediate beneficiaries.   As overseas Filipino workers (OFW) who are always outside the country, applying for a life insurance could be somewhat difficult.  Advertisement        Sponsored Links      Now OFWs can secure their future by availing life insurance online.  AXA Life launched AXA Ion, the first life insurance which you can purchase at the convenience of your own home through internet. There will be no need for the OFWs to wait for their next vacation just to get a life insurance.    AVAILABLE PRODUCTS  Educational Plan  The cost of college education in a good private school today is over P100,000 a year and tuition fees also regularly increase.  Academic Exentials is an educational plan with guaranteed cash benefits to help you with the costs of college education like tuition fees, textbooks, or learning materials.  Automatic Savings Plan  Savings Exentials is the easy, convenient and automatic way to save even while you’re abroad. Another feature of Savings Exentials is that you won’t have to pay premiums if you get totally or permanently disabled.  Moreover, should you become disabled or suddenly pass away, you or your family will still receive the guaranteed cash benefits on your savings plan when your Savings Exentials matures.  Health and Disability Insurance  More and more people are getting sick with critical illnesses such as heart disease, stroke, and cancer. Treatments for these can be very expensive.  With Health Exentials, you get a value-for-money health plan that can provnide you more than P5,000,000 worth of medical benefits for as low as only P59 a day.  Health Exentials gives you high coverage in case you get any of the 35 critical conditions or illnesses covered, 100% upon diagnosis and another 100% if you get totally and permanently disabled because of the condition.  You also get a cash benefit for every day of hospitalization when you are confined in for 3 days or longer, plus double the amount in case you’re confined in the ICU (intensive care unit). You also get a cash benefit if you reach age 55 without using this critical illness insurance plan or in case you pass away within the coverage period  Life Insurance  You work hard away from your loved ones to give them a good life. But what happens if you unexpectedly pass away, especially while you are abroad? Who will take care of the day-to-day needs of your family?  With Life Exentials, your family and loved ones can receive cash for up to 60 months in case of your death or upon diagnosis of a terminal illness, even while you’re abroad.  Your family can use the guaranteed cash benefit to help pay for daily living costs, including household expenses, food, rent, and utility bills. They can also stay ahead of long-term costs, like education or mortgage, even after you’re gone, so that your dreams for them can still come true, even when you’re gone. Read More:  5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich    Tips On How To Handle Money For OFWs And Their Families    How Much Can Filipinos Earn 1-10 Years After Finishing College?   Former Executive Secretary Worked As a Domestic Worker In Hong Kong Due To Inadequate Salary In PH    Beware Of  Fake Online Registration System Which Collects $10 From OFWs— POEA     Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?  Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?
AVAILABLE PRODUCTS

Educational Plan
The cost of college education in a good private school today is over P100,000 a year and tuition fees also regularly increase.

Academic Exentials is an educational plan with guaranteed cash benefits to help you with the costs of college education like tuition fees, textbooks, or learning materials.

Automatic Savings Plan
Savings Exentials is the easy, convenient and automatic way to save even while you’re abroad. Another feature of Savings Exentials is that you won’t have to pay premiums if you get totally or permanently disabled.

Moreover, should you become disabled or suddenly pass away, you or your family will still receive the guaranteed cash benefits on your savings plan when your Savings Exentials matures.

Health and Disability Insurance

More and more people are getting sick with critical illnesses such as heart disease, stroke, and cancer. Treatments for these can be very expensive.

With Health Exentials, you get a value-for-money health plan that can provnide you more than P5,000,000 worth of medical benefits for as low as only P59 a day.

Health Exentials gives you high coverage in case you get any of the 35 critical conditions or illnesses covered, 100% upon diagnosis and another 100% if you get totally and permanently disabled because of the condition.

You also get a cash benefit for every day of hospitalization when you are confined in for 3 days or longer, plus double the amount in case you’re confined in the ICU (intensive care unit). You also get a cash benefit if you reach age 55 without using this critical illness insurance plan or in case you pass away within the coverage period

Life Insurance

You work hard away from your loved ones to give them a good life. But what happens if you unexpectedly pass away, especially while you are abroad? Who will take care of the day-to-day needs of your family?

With Life Exentials, your family and loved ones can receive cash for up to 60 months in case of your death or upon diagnosis of a terminal illness, even while you’re abroad.

Your family can use the guaranteed cash benefit to help pay for daily living costs, including household expenses, food, rent, and utility bills. They can also stay ahead of long-term costs, like education or mortgage, even after you’re gone, so that your dreams for them can still come true, even when you’re gone.


©2018 THOUGHTSKOTO

Wednesday, March 14, 2018

5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich

Chinkee Tan, a money guru, reveals the signs on how to determine if a person is going to be rich or poor. Money matters like paying a mortgage, settling monthly bills, paying rent, or even saving for a future business plan are serious matters that require discipline and firm decision. An expert advice will be very helpful especially if it comes from those who know financial matters well.
How you handle your finances can determine the fate of your wealth. 
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Chinkee Tan, a money guru, reveals the signs on how to determine if a person is going to be rich or poor. Money matters like paying a mortgage, settling monthly bills, paying rent, or even saving for a future business plan are serious matters that require discipline and firm decision. An expert advice will be very helpful especially if it comes from those who know financial matters well.  How you handle your finances can determine the fate of your wealth.   Advertisement         Sponsored Links       Signs that a person is on his way of being broke and poor.  Nobody wants to be poor and to avoid it, you need to carefully check the following signs.    1. Bills that you have a hard time paying on time.    2. You have an addiction.    3. You are expecting that someone will take care of you when you become old.    4. Your only resort is to borrow when you lose your source of income.    5. You have the tendency to spend before you receive your income.        Things to be avoided if you don't want to be poor.  Here are the things that you need to avoid if you don't want to be broke or poor. Carefully, make a self-assessment of your life according to the following lists of things needed to be avoided if you want to be successful.     1. Believing in overnight success.    2. Believing that someone else will do things for you.    3. Believing that someone else makes their lives miserable.    4. Believing that everything is all about them.    5. Believing that nothing will change in their lives.         Life skills you need for you to succeed.  In order to be successful, you need to develop these following things.    1. Communication skills.    2. Problem-solving skills.    3. Personal skills.    4. Time management skills.    5. Organizational skills.    Read More:  Former Executive Secretary Worked As a Domestic Worker In Hong Kong Due To Inadequate Salary In PH    Beware Of  Fake Online Registration System Which Collects $10 From OFWs— POEA      Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?  Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?      ©2018 THOUGHTSKOTO  www.jbsolis.com

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Signs that a person is on his way of being broke and poor.
Nobody wants to be poor and to avoid it, you need to carefully check the following signs.

1. Bills that you have a hard time paying on time.

2. You have an addiction.

3. You are expecting that someone will take care of you when you become old.

4. Your only resort is to borrow when you lose your source of income.

5. You have the tendency to spend before you receive your income.


Things to be avoided if you don't want to be poor.
Here are the things that you need to avoid if you don't want to be broke or poor. Carefully, make a self-assessment of your life according to the following lists of things needed to be avoided if you want to be successful. 

1. Believing in overnight success.

2. Believing that someone else will do things for you.

3. Believing that someone else makes their lives miserable.

4. Believing that everything is all about them.

5. Believing that nothing will change in their lives.


Sunday, December 06, 2015

REGULATION OF RENTAL INCREASE IS GOOD NEWS TO ALL!


Screenshot from TV patrol ABSCBN report

"On the basis of the PSRTI study, the HUDCC recommends the extension of rental regulation after December 31, 2015 for two years, beginning January 1, 2016 to December 31, 2017.

"Further, the rental regulation for the period, shall use the inflation rate for 2014 of 4.1% as the basis for adjustment of the coverage and rates of increases on rent," Castelo said.

"The rent for any residential unit, occupied by the same lessee, shall not be increased by more than 4% for those with a monthly rental of Ph1 to P3,999 and not more than 7% for those with a monthly rental of P4,000 to P10,000," he added.

The PSRTI report reveals that based on the Family Income and Expenditure Survey conducted by the National Statistics Office (NSO) for the year 2012: 1.54 million families or 7.2 percent of the 21.48 million households in the country were home renters.

About 1,274,788 families or 82.5 percent of the 1.54 million renting families paid a monthly rent of less than P4,000; and of those renting less than P4,000 per month, 124,742 families or 8 percent of the total renters belonged to families earning an average monthly income of not more than P5,252.

Source: 
©2015 THOUGHTSKOTO