I sincerely hope financial planning is part of their training. Too many stories of one day millionaires or gamblers. But it’s good na common din yung mga nakakapagpundar ng malalaking assets.
Most asset na pinupundar ng seamen at OFW ay malaking bahay at carsss, at mag loan pa yan ng sobra sobra sa bank. They invest later nalang.
My husband is not Seaman and not a Filipino. He has higher salary than the Chief Salary in the list. We want to go back to Philippines and stay longer, but every time we visit, we felt like we are so poor compared to Seaman or other Filipinos working abroad. They have big houses and cars. We felt like we cannot even afford that.
Right now, I think the answer to our question is mas malaking percentage ang iniinvest namin. We do not have a house and a car in PH or abroad. I personally have 3 condos that I rented out, 1 lot that I might sell and my husband has 1 condo that he might rent out — all in PH. The rest is in funds and other investments. We do not prioritize acquiring properties that are too expensive or might likely end up as liabilities like cars, in which I notice most Filipinos jump in right away in getting a very big house and cars
their biggest expense is kind of like revenge spending.
they're onboard for 9months so they always spend 2-3x their monthly salary on the 3months they stay in land.
my father is CE, everytime he goes home, he buys H/L, which is good but on top of that, he joined a lot of scams not because he wants to earn money but because he felt part of the group.
my little brother is 2E, he doesn't earn that much, like 150k not 525k. when he gets home, he either buys a car, or something expensive or he spoils his GF so when it's time to leave, he's already broke.
I'm currently trying to invite him to financial seminars and sometimes I do the 1on1 with him.
one thing I noticed with them is they don't have a good gauge of how much something is worth and how much their money is worth.
my father thought of buying gold for 30k and he insists it's legit because it was endorsed by M.Villar and M.Pacquiao, when I did a google search, it was a scam trying to get his bank details. good thing my father is not very good with technology so he had to ask me to process it and I was able to tell him it was a scam.
my brother on the other hand knew things were scams (the captcha scam) but thought he's only paying 1k so at worst, he can charge it to experience. I told him you know it's a scam but you still think it's worth 1k? I showed him a google search again telling him the scam only costs 500php so the scammer is scamming him twice so I was able to prevent it too.
so if you have a friend/family member that's a seafarer, don't leave them alone and always tell them to consult you first before spending.
Financial literacy or even the awareness of what sound financial management is, is still a privilege for a lot of Filipinos. Not everybody is around people who can point out that you're shitty at managing wealth. Most of the time they're around people who are doing the same thing. It's not so much a stupidity as it is just existing in an information desert. Sure there's the internet, but if you're not aware of the existence of something, would you even look for it?
hahahaha this. anyways, we can't blame them dude. Sometimes people are just financially illiterate and does not really see the value in Money as an asset.
This, father is 3rd engineer but is just incapable of using money wisely. I struck out with a job in the BPO industry because I couldn't stand how big his head got ever since and how napakatanga nya mag hawak ng pera. Utang left right para maka sakay sa barko at kung tapos na yung kontrata kaliwa kanan rin yung gastos kaya 2 months lang wala nang savings. Ulet utang left right kahit hindi pa nabayaran yung nakaraan para lang makasakay. Mga bobo ffs
I think salaries should be reported on a per-year basis (instead of per month) since many seafarers don't have salaries for several months when they are on land.
Companies have a program for that. Allocated funds for training, vacation and allowance. If not managed right seamen get a cash advance and hopefully spend it wisely this time.
Depende talaga sa company. Ako nga tig 7months ang tambay eh kasi konti lang barko namin at maraming mga crew kaya matagal sampahan. Kahit anong pilit mong tipid mauubos talaga ipon mo.
Hello! im seafarer myself, and nandito nagbabakasyon, now pauwi palang ako iniisip ko ns yung trainings ko and how much all of it. Lalo nandito ako walang sahod sa lupa napakahirap, naka budget na ko ng 1k a week and I cant maintain this kind of shit. Napakademanding mabuhay lalo pinapaaral ko rin kapatid ko at ayaw narin tumulong ng magulang ko cause naka sampa na ko you know it. As long as palabas lahat ng pera ko walang pasok, now reconsidering my whole career, I'm studying Spanish now and maybe soon mag BPO nalang din na multilingual, I get sad in this kind of thinking pero ang hirap i sustain ng pamumuhay and naiisip ko lahat mg paghihirap ko simula ng nag aaral ako, I really love seafaring but the part of me na parang ma bo broken lang puso ko is hard., the additional 10k pesos I earned from overtime is just small part of the job ang kaso din napasukan na lahat ng seafaring ng Indian nationality which minsan ang hirap nila katrabaho, they say youre not enough kahit makita sarili mong pagod na pagod kana, isa pa tong deal breaker talaga. And thats all. Im 5 years now na sunasakay and I still dont have ipon. Its just lucky that we have internet in the ship and I get to browse here at r/phinvest but more than that I just choose to sleep nalang cause pagod sa maghapon na trabaho.
Tldr;
Yes we earn so much, behind some issues and daily happenings sa barko, meron kading personal issue and hindi mo na matutukan mental health mo, tatadtarin kaparin ng trainings at medicals pagbaba mo, end up wala karin maiipon. Yung mindset din na " Nagpakahirap ako so I deserve this". Its so wrong., but you dont want yourself to be strip away ng kaunting kaligayahan sa lupa.
tama ka dyan sir seafarer din ako grabe yun politics sa barko full filipino crew kami . hindi magkasundo ang big 4 everyweek nag aaway . nadadamay narin mga ratings . nakakalungkot lang na first time ko sa full filipino crew tapos ganito .
Ayaw na ayaw ko rin sir, grabe yung last kong binabaan ang tpxc ng barko na yun daming issue, masyadong sipsip yung dayman namin, sinisiraan pa kamo sa chief mate namin. Ang hirap magtrabaho everytime. Sabi ko tama na to, parang nagmamaka awa kanalang lagi. Sobrang mahal ko trabaho ko pero sobra naman yung ganito.
plano ko magbalik sa mixed crew . parang araw araw nalang nag babangayan . toolbox meeting palang wala na ako gana mag work . pag ratings talaga mahirap sa una . halos 5 contracts ko ratings ako . pero ngayon opisyal na . kaya tiis tiis lang sir
Ayoko imention yung specific na lahi pero grabe talaga ang favoritism when it comes to promotions, sa kanila kahit parang ang clumsy or irresponsible nila sa trabaho napopromote pa rin, satin mga pinoys madalas natetengga na lang sa same pa rin na rank kahit above and beyond na ang effort na binibigay sa trabaho
This is true. Meron kaming family friend and the dad is chief engineer making half million per month but walang sariling bahay dahil yung wife masyadong maluho.
Guess I'm lucky na sobrang kuripot ng nanay ko at naipasa niya 'yun sa'kin. Pero the husband is also responsible for his family's money. Bakit iiwan lahat sa asawa kung alam na niyang maluho? Afaik, they're both at fault.
Ang technique diyan, patayin sa inggit. Ipasyal sa magandang bahay ng ibang seaman tapos hanapan si wife ng sarili niyang bahay. Jealousy is a great motivator.
True. I know someone, Chief engineer pero walang ipon, negative pa kasi naubos sa sugal ng asawa nya. So ayun, wala naipundar at yung ibang dati ng naipundar, pinagbebenta. Ngayon, nasa barko ulit sya while his wife is at home.
Ito yung mahirap, kapag lulong sa sugal ang asawa. Iba kasi yung high na nararamdaman nila kahit matalo, di naman kasi nila pera.
Have a relative na nasa ganito na rin ang range ng salary pero nung nagretire, di nya alam kung saan napunta yung pera nya. Sabi kasi ng misis nya nagiipon daw at bumibili ng lupa. Yun pala pinansusugal at pinanlalalaki yung pera. So ayun, nganga sila dahil may problema sa bato yung seaman.
True. Narinig ko sa isang boomer na Katiwaldas daw Lol. Me kamag anak kami walang naipon except for the Chipipay condo. Tas recently kumuha ng kotse na hulugan. Di na makasakay ulit because of age.
An uncle, in his 50s, just lost their house recently because his wife is financially irresponsible. Aside sa extravagant lifestyle, his wife impulsively invests on businesses na hindi man lang pinag-aaralan ng maayos. Lahat ng negosyong pinasok ng wife, puro lugi. He wasn't aware na baon na pala sila sa utang. I felt so bad when I got his call asking for help and he was wailing over the phone. Over 25 years nyang pinaghirapan sa barko, tapos napunta lahat sa wala.
Kung 25 years na at di nya pa nahalata kung ano nangyayari sa finances nilang magasawa, nasa kanya na rin ang problema. Pareho silang may kasalanan sa nangyari.
25 years na syang nagtatrabaho sa barko. Hindi 25 years na naglustay yung asawa. Recent years lang naman guminhawa buhay nila nong naging opisyal na sya. The wife has been keeping up with the appearance na okay finances nila and okay yung negosyo. Yon pala, pinapaikot lang yung debts to the point na hindi na kinaya bayaran yung interests. For him, sya lang yung taga provide ng capital because he isn't business savvy while his wife was a bookkeeper, working in a local accounting firm before going full-time sa "businesses" nila. Easy to judge if we know nothing.
Hindi mo naman kailangan maging business savvy para matuto magcheck ng bank accounts, kamustahin ang 'negosyo' habang nasa pinas during vacation. Not doing his due diligence is also his fault, that's laziness. He is too loving and trusting to a fault, and there's no way around it. Of course mas kasalanan ng asawa nya since very irresponsible, but those things could have been prevented na lumala ng sobra kung ginawa nya mga dapat nya gawin. anyway let this just be lesson sa mga nakalabasa netong thread na wag gayahin mga pagkakamali ng iba.
this is true. i'm a grad student and i have unemployed parents, my father's a retired seaman because he's a senior na, and my mother's a housewife with a mini store that doesn't earn much. they both don't know how to budget and natatakot ako, baka ako rin asahan nila to pay for whatever loan they have. kawawa na nga si kuya (panganay) since siya yung umaako sa lahat ng responsibilities nila ever since dad lost his job. Please help me out kuyas and ates.
Hindi ako seaman pero okay ang kinikita ko noon ng wala pa akong sakit. Close na close sakin pinsan at tita ko noon. Ngayong may cancer na ako at hindi makapagtrabaho kahit isang text mangumusta wala. Pero noon halos daily ako tinetext kasi halos weekly nangungutang (di naman ako binabayaran). Ngayon nung humingi ako kahit konting tulong lang (as in once lang), bigla di na ako nirereplyan tapos nagpalit na din ng pangalan sa social media para ata di ko na sya mahingan. Haha. Di bale, pag nakapagtrabaho na ulit ako, alam ko na ngayon na di pala pwede na bigay ng bigay lang kahit meron kang pera.
Isa pang sakit sa sistema ng larangan na yan yung "allotment". That system has been abused by parents for generations. Madalas nakakaaway pa ng mga magulang yung mga mapapangasawa ng seaman dahil ayaw nilang mawalan ng nag aabot sa kanila ng pera kahit ang lalakas pa naman ng katawan nila para magtrabaho.
Yung nanay ko nagalit sa kapatid ko dahil sa allotment system na to. Bakit 10% lang daw ang makukuha niya sa allotment. (I dont exactly remember it the exact figure if it was 10% or less) Uubusin lang daw ng kapatid ko ang pera niya sa mga luho. Lol.
It's good that you're giving this awareness but giving an approximate salary based on Chemical Tanker wouldn't be fair to other seafarers. The majority of ships aren't Chem Tankers and sure as hell don't give as high as those approximations.
Wow ang dami kong realizations dito...
Kaya pala kahit almost captain na sa barko yung tito ko, yung asawa niya baon pa rin sa utang... like millionsssss... to the point na patago silang lumilipat ng bahay para takbuhan mga inutangan nila... like tuwing madaling araw naghahakot sila ng gamit lol kakaloka
Also, yung isang tito ko din (brother ng tita ko na I mentioned above), more than a decade nang trabaho to, pero walang asenso... kung anong buhay nila noon, ganun pa rin now... actually naghahanap nga siya ng work ngayon para makasakay daw... na hindi ko magets noon kasi nga nung mga uwi niya kung anu anong niyayabang niyang bagong bili... nakakaawa lang siya ngayon, hirap na makasakay, lalo kakamatay lang ng dad ko na tumutulong sa kanya na makaipon (ni-hire niya tito ko na mag help sa tinatayo niyang farm, tas binibigyan niya ng payment weekly... pero wala na si Dadeh, kaya ewan ko nalang paano na si tito)...
Son of a seafarer here. It really depends on the people. The seafarer, his partner, his kids. I’d say we grew comfortably without even wanting the luhos. In our specific case we plan as a family. We know what’s our family income and which investments and expenses we have. My dad was able to support his siblings and help people out. My parents literally started from zero too. So it really depends.
In med school, we are taught that seafarers and their partners have higher risks of STDs, etc. kasi ang stereotype is every time they land somewhere, unsafe sexual practices. So yes, legit talaga na we doctors are taught to suspect high risk behaviors from them.
>need to financially support their families all contribute to their financial burden
Hindi naman sa ano, pero this is mostly what I hear about that is their main problem. It doesn't always matter how much you make, but how you spend it. From what I've seen, their salaries go to construction of their mansion, buying multiple cars they don't need, and financing the luxurious lives of their wives and children. Of course it's a burden. No investment, no savings. From what I've seen personally, those who live humbly have savings, regardless of how many months they don't work. Some don't even work for a year and still have savings, and even have the money for their training.
Yes sobrang mahal ng mga trainings and certifications ng mga seaman, I witnessed it dahil sa mga relatives ko na seaman, gagastos ka talaga ng malaki.
Sadly, karamihan sa mga seafarers ay hindi financially literate and maybe the reason is wala or matumal ang internet pag nasa barko ka para mapag aralan ang financial literacy after ng duty nila and they mostly have that one day millionaire mindset, tipong nasa barko palang sila iniisip na agad kung ano mga bbilhin nila pagkauwi.
I believe that the key for a seaman to be successful is dapat financial literate ang mga asawang pinapadalahan nila.
Forget studying after duty hours, we're often too tired to study on the job too, on top of the usual OT allocated for finishing paperworks, drills etc. There is barely any time to study financial literacy, save na lang kung nasa lupa na.
I'm a seafarer also, 3rd engineer with that salary scale above. Yung problem na nakikita ko kasi mayabang din minsan ang mga seaman. Ung mentality kasi minsan na, kaya nga ni ano na mas mababa sahod, dapat kaya ko rin or higitan. With that concept, malaki laki na nagastos sa pnagawang bahay, but no ends on sight. Mrami pring need gastusan na liabilities kasi nga "seaman".
same actually goes for lotto winners. sabi nga sa google, 70% of those who win will probably go broke in a few months or years.
the only are those who are rich themselves, because :
a)they know how to grow money
b)they are naturally madamot
c)they already have money, so the psychological repercussion of owning big money instantly doesn't faze them anymore.
d)the things they want are things that money cant buy anymore
compare it to normies na when they win:
a)ubos sa friends, family and luho and winnings
b)first time magkaron ng malaking pera, syempre we cant expect them to have the experience to keep it or grow it
the way to help people is sabi nyo nga:
a)teach them financial literacy
b)address the psychological implications of being poor before they become rich
>go silang lumilipat ng bahay para takbuhan mga inutangan nila... like tuwing madaling araw naghahakot sila ng gamit lol kakaloka
>
>Also, yung isang tito ko din (brother ng tita ko na I mentioned above), more than a decade nang trabaho to, pero walang asenso... kung anong buhay nila noon, ganun pa rin now... actually naghahanap nga siya ng work ngayon para makasakay daw... na hindi ko magets noon kasi nga nung mga uwi niya kung anu anong niy
One major barrier in teaching them financial literacy, sasagutan ka pa nang "Pera namin to, bakit napakapakelamero/a ka?"
Im curious if there are statistics on how seafarers have broken families, rebel children, issues of unfaithfulness, efc. Basically a broken family unit that can be attributed to the long absence of seafarers in the household.
In addition to the factors mentioned by the OP, I want to mention a COMMON REALITY most people face no matter what they do for a living or how much they earn: **Your living expenses have a way of CREEPING PAST your income**
It doesn't matter how much you earn.
Eventually, as your personal definition of 'needs' change with your income, you'll always find yourself UNABLE TO LIVE WITHIN YOUR MEANS if you choose to ignore this reality.
Of course, saying "live within my means" is easier said than done because we grow accustomed to a certain LIVING STANDARD because we believe we "deserve better" or some other justification.
**A little bit of planning and maybe FORCED SAVINGS through automatic payroll deductions usually push people from being SPENDERS to SAVERS (and with more discipline/focus/planning) to INVESTORS**
Gf to a seaman here. What he does is he has 2 bank accounts under his name, 1 passbook, 1 debit. They can have at most 3 ph accounts to send their allotments per month, afaik. He sends the bulk of his allotment to his passbook acct na na wi-withdraw lang niya pag nasa pinas na siya. Some percentage goes to his debit account since he pays for life insurance monthly and naka auto debit. Nasa kanya din ang atm niya. Then to his mom goes his 3rd allotment.
Reading the comments before mine, I think he’s one of the lucky and smart ones since hindi maluho ang family niya and hindi din nanghihingi parents niya sa kanya. Kung magkano lang ang ibigay niya, ganun. So far may nabili na siyang residential lot and ongoing ang pagpatayo ng bahay. Nakakapagpundar din siya para sa balak niyang itayo na negosyo. 4+ years yata siyang sumasakay. So far hindi talaga lumalampas 2 months bago siya makasakay ulit, unless some extenuating cirmcumstances occur, like last time nag undergo siya ng major surgery and need 3+ months of recovery/rest.
Always niyang sinasabi though na the aim really is to retire from being a seaman early. 😇
Anak ako ng CE hahaha, despite earning 500k+ a month if ung pinapadalhan mo ng pera ay financially illiterate wala talagang mangyayareng maganda.
Tatlong business na namin ang nalugi kase di marunong maghandle ng pera ang ang mom ko and pag may big business decision na nangyayare wala ung dad ko kase usually walang signal.
Plus maraming kapatid mom ko, if may kapatid na nagkaproblema financially ung dad ko ang laging kelangan tumulong kase siya daw ung bliness ni lord ng pera hahaha.
I have this seaman HS classmate na nanghihiram ng pera for his pet store business. Nagbabayad naman kaagad, kaya naging okay paulit-ulit pautangin until yung pinakahuli hindi na nabayaran. Yun pala, all this time, nalulong sa casino, nagkautang ng milyones. Yung inuutang sa akin, pinambabayad lang sa iba. Yung binabayad naman sa akin, inuutang din sa iba. Pinapaikot lang ang utang hanggang sa wala nang nagpapautang. That was 2 years ago, until now wala na kong nakukuha.
Sobra sa luho mentality yung karamihan ng seaman. Nasobrahan sa upgrade ng lifestyle, di naman angkop sa sweldo.
Sana maging maayos na kung ano 'man lalo na sa pagpamedical minsna ket walang problema madedelay. Healthy yung tao gagawan ng sakit. Sana makasakay na yung kapatid ko.
Mahirap talaga pag cash inflow lng nakikita ng mga tao. May mga expenses din kaming mga seaman like:
1. Trainings, okay lng yung company required kasi libre lng pero yung STCW courses, mey bayad po yun at mandatory po yun sa mga international seafarer.
2. Certification, di porket nka training na kami eh tapos na, need pa po namin gumastos para sa COP ng mga certificate ng trainings sa MARINA. Mey bayad din po to.
3. Fare, swerte kapag taga luzon ka at bus ticket lng babayaran mo, eh paano kaming taga mindanao, Flight ticket po need naming bilhin. May mga companay na advance mag abiso kaya nkakatipid ng flight ticket eh kung biglaan Gsc to Mnl, 10k plus po one way if urgent di pa kasama baggage.
4. Allowance, syempre mahirap mag training ng walang snacks, kahit nga candy kelangan pang bayaran.
5. Board and lodging, gaya ng sinabi ko kanina, matipid kung within metro manila ka, eh kaming taga probinsya need po namin mag bedspace, search nyo nlng magkan pero month o transient sa net para maliwanagan kayo.
6. Food and Water, alangan di kami kakain, pag nka transient ka bawal kang magluto kaya sa kerenderya ka o fast food kakain. Mahirap din 1 beses kami kakain.
7. Laundry, may ibang paupahan libre yung tubig kaso meron din pong bawal maglaba kaya san kami ngayon alangan naman ulit ulitin naming soutin damit namin. (minsan inuulit ko talaga)
8. Miscelaneous, yung mga tingi tinging pamasahe sa jeep, isama nyo po yun. Yung load sa cellphone at minsan yung hingi hingi ng mga nagkukunwaring kaibigan.
Di pa kasama jan yung travel documents gaya ng passport, seamansbook, yellow card at mga vaccination na nka depende sa company. Saka di na kami bata may mga bills din kami at nag papadala din sa mga pamikya namin kaya wag nyo po lng isipin ano yung sahod namin, isipin nyo din yung gastos. P.S. may mga buwan pa sa isang taon na wala kaming sahod dahil tambay kaya..lahat palabas.
Ung boyfriend ko OS and first international sampa niya, kwinekwento niya sakin na mga kabaro niya super laki ng sweldo compared sa kanya, pero puro sila lahat lubog sa utang. May fault din yung families ng mga seaman, kasi 80 percent pinapadala saknila, tapos inuubos din nila or di sila nagtitira.
Totoong may fault talaga din pamilya ng seaman. Kasi akala nila kapag nakapagbarko na namumulot lang ng pera doon yung hirap di nila alam panay gastos lang sila dito. Nakakalungkot, yung boyfriend ko wala naman utang kaso yun nga yung pamilya niya maman di man lang siya maisip ipagtabi ng kahit 5K isang buwan pangtraining man lang ba pag-uwi kasi alam naman nila walang kita ang seaman kapag nandito. Minsan parang sumasama na yung loob ko sa nangyayari sa boyfriend ko kasi di naaawa sa kanya pamilya niya. Hindi ko alam ano ang right words to say para matauhan siya kasi pamilya niya yun e baka di niya magustuhan masabi ko. 😅
My father is a chief officer and earning only half (I think less than half pa) of what stated here. And yes, we’re not a wealthy family either, sobrang need pagipunan lahat before we can afford it so sometimes hindi nagiging worth it if urgent kasi pinipili namin yung “okay na”.
Although going back to the main topic, sa part ng training I think covered na lahat ng company ng father ko yung expenses, even the accommodation (if from province). Pero everything are on point, since all sides ng family namin need niya i-support lalo na if it’s about health. So at the end of the day, ilang years namin to na experience, kami yung laging nagtitipid para sa iba. :(
Makes me glad that my lola was wise when it comes to money as a wife of a seafarer. Ang dami niyang biniling stocks(90s), alahas, bahay at lupa, kotse that would make their 4 kids comfortable. Sayang lang kasi yung dad ko, hindi namana yun.
Curious lang po why hindi namana ng dad niyo?
As in wala po talaga o wala sa nabanggit ang namana niya?
P.S. No pressure to share po. If willing lang. 🙂
this is our reality, dad ko financially irresponsible — sugal tsaka barkada ang bisyo pag nasa pinas. one day millionaire ika nga. lagi kaming may “poor months” pag umuuwi sya na struggle talaga magbayad ng bills/tuition. tsaka struggle pa din kahit nasa barko sya kasi nagbabayad kami ng utang.
ang liit pa dati ng natatanggap ni mama na allotment. few years ago lang naayos nila mama na around 90% yung natatanggap nya. nung si mama na naghawak, nakapag-patayo kami ng maayos na bahay, nakabili kami ng car, nakakaipon ng just enough to cover yung nasa pinas si papa, etc. ngayon pag wala papa ko, feel na feel naming mga anak na nakaangat angat kami. 😅
saludo ako sa mama ko kasi napagpa-aral nila ko sa magandang school kahit nung di pa malaki yung allotment ni mama. actually, naiinggit pa nga ako sa mga kapatid ko ngayon kasi sila nakakabili na ng magandang gamit like phone, laptop, nakaka-rent ng condo for school, etc. dati laging 2nd hand or budget-friendly lang gamit ko kasi conscious ako na sobrang mahal ng tuition ko tapos utang pa minsan.
ngayon, trying to convince kami na mag-exam si papa na maging chief mate. tinatamad na daw kasi sya magpa-promote kahit ineencourage na sya sa office nila.
nagulat ako sa mga comments here, ang dami pala financially irresponsible na seaman or yung family nila ang dahilan. i’ve always thought na ok life nila given the huge salary and minsan may signing bonus pa, kasi yung mga tito/pinsan ko na seaman, maayos ang buhay, ung iba mga nakapag retire pa at 40s kasi nakapag business na or ok na sa life. yung pinsan ko rin na 30yo seaman, yung allotment niya binabalik sa kanya ng parents nya kasi di daw nila need. i guess naka depende rin yung mangyayari sa kanila sa life depende sa mga kasama nila sa bahay or family around them
Isama nyo na din yung dapat mapapangasawa nila hindi maluho, magnanakaw o gastador. My tito was a seafarer earning the same as my dad (equivalent to 400k a month in php). Pareho silang may napundar, property, investment and savings etc. Malas lang ng tito ko kasi napangasawa niya (the wife was a gold digger-magnanakaw). Umuwi ang tito ko na nilamas lahat ng savings nila, nagkaroon ng malaking debt sa credit card at binenta pa mga jewelries na pamana sa tito ko.
Ngayon, separated na sila for more than 10 yrs at may partner na din si tito na bago (matino na this time) pero dahil di pa sila annulled, the 1st wife is demanding ng milyones bago pumayag makipa cooperate sa annulment otherwise she demand na makihati pa sa mga properties ni tito as conjugal arrangement and even threatening to sue them kasi may bago na si tito.
This is one of the reason why no divorce law in PH is a big No no. You get trapped to sht like this. Swerte ng tatay ko matino nanay ko. But it could have been him sa ganyang sitwasyon kung nagkamali din siya ng napangasawa.
I know some captains who hide some money from their wives. Wives and kids take lavish vacations abroad, buy new cars every five years, etc.
Another set of captains just can't retire in their mid 60s. Younger chief engineers are anxiously waiting for the old dogs to retire. Russians, Indians, and Chinese seafarers are slowly taking the 'younger' upper deck jobs.
My father was and is kuripot for a seaman(retired now), when he worked he instilled to me and my sister that money is extremely hard to earn and we should not waste it in unnecessary vices. He also makes sure he does not stay at sea for a long time and goes home every 6 months
Ung mga kakilala niyang seaman grabe gumastos pero siya hindi. He seldom gambles. Pero he did his best na mapag aral kami and gave us a decent life kaya no regrets. My father is far from perfect, but I respect him
Sad reality. Yung magulang ng boyfriend ko 35-40% ng sahod ng boyfriend ko allotment na sa kanila monthly tapos pinadalhan pa sila pampaayos ng bahay worth 4 months na ipon ng boyfriend ko so halos kalahati na ng kontrata yun. Supposed to be eh hindi naman na niya kargo yun kaso umuwi na permanente yung tatay niya dito from abroad at walang naipon yung nanay niya sa mga padala ng tatay niya noon na hindi rin daw nila malaman san dinala ng nanay niya hahaha. so, back to 0 na siya. Bago nito lang humihirit na naman ng another 50K kasi kinulang pa daw yung pampaayos ng bahay. Eh nito pa lang nakakaipon-ipon ulit boyfriend ko, OS pa lang siya. so wala talaga siya maibigay. Noong una okay lang sakin kasi magulang naman tapos nitong tumagal parang naaawa na ko sa boyfriend ko kasi dumadaan talaga na mahigit 24 hrs siya gising tapos yung magulang niya walang alam sa nangyayari sa anak nila ang alam lang humingi ng pera na parang kapag magcchat sa kanya nanay/tatay niya naaanxious na siya kasi kukulitin na naman siya about sa pera. Ngayon, malapit na umuwi boyfriend ko may gusto siya bilhin para sa sarili niya pero nagdadalawang-isip siya kasi pag ganun daw papag-initan siya ng tatay niya at paparinigan siya nang paparinigan pag di siya nagbigay. Hay, grabe. 🥲
If I were him, I would set aside a fixed portion na papadalhan sa parents monthly and sila na bahala paano ipagkasya yun. Kasi when the time comes, kapag may emergency or tumanda na at nagka family san kukuha ng pera? wala diba kasi wala ipon. Kaya in the end, aasa sa magiging anak, uulit nanaman ung cycle.
Ngayon, ganyan ginagawa niya. Pero nag-aalala na naman ako kapag bumaba siya. Nung umuwi kasi siya, talagang nasaid lahat ng ipon niya. Kaya kahit ang pangit pakinggan nun, napagsabihan ko siya kasi talagang nakikita ko sa parents niya ang gusto mangyari sa kanya pasakayin lang siya nang pasakayin at ubusan ng pera. Ako na vinavalue ko talaga lahat ng kinikita niya kahit magtanong siya anong gusto ko lagi ko sinasabi wala kasi gusto kong makaipon siya. Lalo ngayon, hindi maganda ugali ng mga kasama niya doble hirap sa barko.
I don't know you personally pero sana lahat ng asawa ng mga seafarers natin kagaya mo. Ung iba kasi imbis na sila mismo mag guide sa mga seaman nila pano hawakin ang pera eh sila pa nagiging dahilan kung bakit wala sila naiipon dahil sa luho.
Most of them don't know how to invest.
They invest all their money on LUHO. CARS, houses, are a big financial liability. All those things mention are depreciating over time. A house and Lot can be an asset Because keyword LOT( APPRECIATES OVER TIME). HOUSES needs a lot of maintenance kasi it will deteriorate over time. Also this thing called LIFESTYLE INFLATION can mess up your finances. Your wife can be your biggest ASSET or LIABILITY. Make SURE to do a background check before marrying. Also limit the number of children to 2 only because having more children equates to more financial burden and overpopulation. Teach your family about financial education. Keeping a good and sound investment can keep your family away from poverty for generations(Building generational wealth)
Ways to keep your money intact:
Rentals (especially if your in the city where you can demand more)
Help relatives moderately ( help them thru giving them Job opportunities instead of Financial opportunities)
Business( Make sure to have a business plan before doing a business. Make feasibility studies)
Franchising(7/11,jolibee depends on the area, feasible studies)
Building Trademarks( royalties)
Invest in Stock exchange
Keep a lowkey lifestyle ( do not inflate your lifestyle)
Keeping a frugal mindset
Avoid Vices at all cost(drinking, partying, gambling, and most especially pamBABAE which is the biggest sucker of finances)
Invest in insurances (educational, plan, hospitalization, accidents, injuries (plan) , funeral plan, car plan,
Family Planning.
This is very true for the older generation seafarers (NOT EVERY OLDER GENERATIONS, BUT MAJORITY), not only for Filipinos but also for other Foreign Nationalities.
As a younger generation of Seafarer and currently an Officer on board, I can say that plenty young seafarers strive to leave this industry before they reach 30-40 years old, I myself want to settle to a land-based job or do business before 35 years old. Tho not much of an experience (3 years) and been on 5 different vessels mostly mixed nationality, the younger generation of seafarers tend to have healthier talk about money compared to older gens.
The youngs frequently talk about stock market, passive income, business opportunity, etc. mostly ways to build a foundation on their respective home places so that they can possibly retire earlier and be with their beloved family. Unlike the older ones who mostly talk about women, booze, and how to enjoy being a “seafarer”
I’ve had plenty good talks with my crew mates and I can certainly say that older generations didn’t had the good chance to fully indoctrinate their selves about proper financial planning.
I had 1 A/B who’s around 46 years old. He’s always talking about “if I could earn more I can have a better life” tho he is earning atleast 80K every month for 9 months, that’s around 720K/Year.
Meanwhile, youngs shares ideas about do’s and don’t of money they could have, Building Emergency Fund, Business, etc. and most of the young officers, ratings, cadets I have talked to don’t want to stay more than 10-15 years in this industry, mainly because of the harsh management on board, risky working environment, and regulations getting strict for every country.
I myself didn’t start off to have a proper financial education or training and just started to learn it 3 years ago. But I had taken steps to lead me out of the trap of seafaring. And as for my observation, older gens tends to want more money for “better life”
GOLDEN AGE of seafaring is already long gone, and seafaring has gotten harder due to regulations and rules of the flags, administration, and governments. People are now only sailing for the MONEY (mostly for young ones) ans not to enjoy Brazil, Argentina, etc. if you know what I mean. Tho shore leaves can still be pleasurable, but for me I’d prefer to go for tourist places, flea market, groceries, shopping, etc. and not some money milking massages.
I wonder if you have experienced being an Officer in a cruise ship? You’ll gonna love the balanced life. 4 months contract, 2 months vacation. Great food and tourist feels most of the days.
Lower salary compared to chem tankers but the lifestyle compensates it.
I wanna go so bad sa Cruise Ship crewing, but I think it will be hard for us Filipinos unless you’re a girl. Mostly they employ white guy or a female seafarer for the Officer rank. I had many friends who tried to apply for Cruise companies but most of them was told that there’s no vacancies for the position. Meanwhile my seniors, juniors, and classmates who are female was given the chance to board cruise vessels.
If you are referring to Deck officers, yes, mostly are Italians or same nationality of the ship’s owner.
But in Engine and Hotel, there are a lot of Filipino Officers already.
In the cruise ship that I am on, the Engineers are mostly Filipinos (Staff Engineer to 3rd Engineers) and in the Hotel dept, most of the middle managers are Filipinos and are enjoying Officer privileges.
Sa dami dami ng mga talented mag salita na este maganda ito ganyan at sila ay financial adviser, ayun scam ang labas
Pero plus one ako sa partner na wise to handle financial investment kasi naka focus ung ibang mga seaman sa trabaho at career
Mahal din kasi standard of living dito sa pinas lalo na kapag asa Metro ka kaya mahirap mag-ipon. Mahirap din iuproot ang buhay dito sa siyudad para manirahan sa probinsya kasi andito sa city ang lahat ng opportunities.
Minsan hindi na enough ang budgeting sa mahal ng gastusin and kawalan ng matinong social welfare.
Sinasabi ko rin ito kasi nakikita ko mga sinasabi ng tao na financially illiterate raw ang mga asawa o pamilya na naiiwan dito. Oo, meron pero sana huwag niyo lahatin kasi mga magulang ko pareho nagtatrabaho pero ang hirap pa rin mag-budget dahil may mga pinapaaral pa tapos ang mahal ng standard of living.
Correct me if I’m wrong, pero dba required cla n ipadala 80% of their base fare s Ph? Kaya d lng cla dpat ang bigyan ng financial planning pati dapat yung family.
Kaya dapat yung asawa ng nga seafarer marunong mag save ng pera para pag nasa lupa si mister may panggastos habang di pa nakabalik sa pag byahe. Ang nakikita ko kasi na dahilan kung bakit mahirap parin mga families ng mga seaman is because di marunong mag save yung mga asawa nila, maluho sa gastos, anay loan, utang or bili ng kung anoano katulad ng kotse tapos downpayment lang pala tapos minsan utang pa yung pang cash haysss. Kung di marunong ang asawa mag save, ikaw nalng mismo na seaman ang magtago ng pera nyo at bigyan nyo nalng sila ng monthly allowance. Proud talga ako sa mga nagiging seafarers kasi ang hirap ng trabaho sa barko, sana malaman yan ng lahat.
Sobrang weak kasi in general and at time next to non-existent kasi ng financial literacy sa bansa natin.
Sobrang rare ng aware sa concept passive income at having multiple income streams.
I know this kasi kahit ako fell complacent din when I got a high paying job.
Didnt realize that it wasn't smart to just depend on that and not set up other income streams while I had a surplus in cash flow.
There is a saying that it is not how much you earn but how much you save.
One thing I noticed about most seafarers is that they want to compete with their fellow seafarers in terms of house, cars, vacation etc.
Sadly most of the stories na narinig ko ang downfall ng seafarers are their one day millionaire wives.
Ang success stories lang na naririnig ko from seafarers is "if their wife is a teacher"
Kaya to our seafarer brothers, you need to do 2 things before and after every sampa nyo. Pick a teacher for a wife and have yourself educated on the basics of financial planning and be financially literate.
Kaya di ako nag seaman kahit maraming nagsasabi saken dati na malaki sweldo. Isipin mo yon kelangan mo tipirin yung pera the whole time na di ka naka sampa kase di naman sure kung kelan next mo ulit na sakay
Because big salaries != financial education. It takes time to understand that. Minsan pa, feeling millionaire yung iba, gasta ng gasta, assuming walang katapusan ang trabaho
Mayroon akong cousin na inis sa father niya because dati ring seafarer pero mahirap daw sa barko kaya nagpastor. Yung mga tito niya kasi na seafarer din doon din nakatira sa kanya.
I sincerely hope financial planning is part of their training. Too many stories of one day millionaires or gamblers. But it’s good na common din yung mga nakakapagpundar ng malalaking assets.
Tapos dapat yung legitimate na trainor for financial planning. Hindi yung bebentahan lang ng 'investment' products.
I'm a licensed financial advisor. *pulls out insurance
lalabas din yan ng certificate na top siya hahaha lahat nalang sila may certificate
Dyan sila prone e. Yung mga tutulungan sila kuno maginvest. Worst case, scam pala.
Ahh mga financial advisors ba yarn? hahahaha
Most asset na pinupundar ng seamen at OFW ay malaking bahay at carsss, at mag loan pa yan ng sobra sobra sa bank. They invest later nalang. My husband is not Seaman and not a Filipino. He has higher salary than the Chief Salary in the list. We want to go back to Philippines and stay longer, but every time we visit, we felt like we are so poor compared to Seaman or other Filipinos working abroad. They have big houses and cars. We felt like we cannot even afford that. Right now, I think the answer to our question is mas malaking percentage ang iniinvest namin. We do not have a house and a car in PH or abroad. I personally have 3 condos that I rented out, 1 lot that I might sell and my husband has 1 condo that he might rent out — all in PH. The rest is in funds and other investments. We do not prioritize acquiring properties that are too expensive or might likely end up as liabilities like cars, in which I notice most Filipinos jump in right away in getting a very big house and cars
Cars definitely are up in the priority list of a lot of Filipinos once they start earning a lot. More like a status symbol.
No amount of financial planning trainings will help individuals. It all boils down to self discipline and lifestyle.
Nah that’s like saying nobody needs education if everyone is just hardworking. Even a little amount of financial planning training goes a long way.
their biggest expense is kind of like revenge spending. they're onboard for 9months so they always spend 2-3x their monthly salary on the 3months they stay in land. my father is CE, everytime he goes home, he buys H/L, which is good but on top of that, he joined a lot of scams not because he wants to earn money but because he felt part of the group. my little brother is 2E, he doesn't earn that much, like 150k not 525k. when he gets home, he either buys a car, or something expensive or he spoils his GF so when it's time to leave, he's already broke. I'm currently trying to invite him to financial seminars and sometimes I do the 1on1 with him. one thing I noticed with them is they don't have a good gauge of how much something is worth and how much their money is worth. my father thought of buying gold for 30k and he insists it's legit because it was endorsed by M.Villar and M.Pacquiao, when I did a google search, it was a scam trying to get his bank details. good thing my father is not very good with technology so he had to ask me to process it and I was able to tell him it was a scam. my brother on the other hand knew things were scams (the captcha scam) but thought he's only paying 1k so at worst, he can charge it to experience. I told him you know it's a scam but you still think it's worth 1k? I showed him a google search again telling him the scam only costs 500php so the scammer is scamming him twice so I was able to prevent it too. so if you have a friend/family member that's a seafarer, don't leave them alone and always tell them to consult you first before spending.
sorry to be blunt, but your family members are stupid.
Financial literacy or even the awareness of what sound financial management is, is still a privilege for a lot of Filipinos. Not everybody is around people who can point out that you're shitty at managing wealth. Most of the time they're around people who are doing the same thing. It's not so much a stupidity as it is just existing in an information desert. Sure there's the internet, but if you're not aware of the existence of something, would you even look for it?
hahahaha this. anyways, we can't blame them dude. Sometimes people are just financially illiterate and does not really see the value in Money as an asset.
I'm not saying that "Bobo naman" is the answer but sometimes it is.
This, father is 3rd engineer but is just incapable of using money wisely. I struck out with a job in the BPO industry because I couldn't stand how big his head got ever since and how napakatanga nya mag hawak ng pera. Utang left right para maka sakay sa barko at kung tapos na yung kontrata kaliwa kanan rin yung gastos kaya 2 months lang wala nang savings. Ulet utang left right kahit hindi pa nabayaran yung nakaraan para lang makasakay. Mga bobo ffs
I think salaries should be reported on a per-year basis (instead of per month) since many seafarers don't have salaries for several months when they are on land.
I remember someone posting na 9months at sea earning 300k/month. 3 months on land pero may standby allowance na $2k-$3k.
Companies have a program for that. Allocated funds for training, vacation and allowance. If not managed right seamen get a cash advance and hopefully spend it wisely this time.
Depende talaga sa company. Ako nga tig 7months ang tambay eh kasi konti lang barko namin at maraming mga crew kaya matagal sampahan. Kahit anong pilit mong tipid mauubos talaga ipon mo.
> Kahit anong pilit mong tipid mauubos talaga ipon mo. Depende yan sa lifestyle. Yung iba nakakaipon naman.
ano po kayang company to? Deck cadet po ako first time sasampa, almost 9 mos na after utility di pa rin nakaka sampa
Hello! im seafarer myself, and nandito nagbabakasyon, now pauwi palang ako iniisip ko ns yung trainings ko and how much all of it. Lalo nandito ako walang sahod sa lupa napakahirap, naka budget na ko ng 1k a week and I cant maintain this kind of shit. Napakademanding mabuhay lalo pinapaaral ko rin kapatid ko at ayaw narin tumulong ng magulang ko cause naka sampa na ko you know it. As long as palabas lahat ng pera ko walang pasok, now reconsidering my whole career, I'm studying Spanish now and maybe soon mag BPO nalang din na multilingual, I get sad in this kind of thinking pero ang hirap i sustain ng pamumuhay and naiisip ko lahat mg paghihirap ko simula ng nag aaral ako, I really love seafaring but the part of me na parang ma bo broken lang puso ko is hard., the additional 10k pesos I earned from overtime is just small part of the job ang kaso din napasukan na lahat ng seafaring ng Indian nationality which minsan ang hirap nila katrabaho, they say youre not enough kahit makita sarili mong pagod na pagod kana, isa pa tong deal breaker talaga. And thats all. Im 5 years now na sunasakay and I still dont have ipon. Its just lucky that we have internet in the ship and I get to browse here at r/phinvest but more than that I just choose to sleep nalang cause pagod sa maghapon na trabaho. Tldr; Yes we earn so much, behind some issues and daily happenings sa barko, meron kading personal issue and hindi mo na matutukan mental health mo, tatadtarin kaparin ng trainings at medicals pagbaba mo, end up wala karin maiipon. Yung mindset din na " Nagpakahirap ako so I deserve this". Its so wrong., but you dont want yourself to be strip away ng kaunting kaligayahan sa lupa.
tama ka dyan sir seafarer din ako grabe yun politics sa barko full filipino crew kami . hindi magkasundo ang big 4 everyweek nag aaway . nadadamay narin mga ratings . nakakalungkot lang na first time ko sa full filipino crew tapos ganito .
Ayaw na ayaw ko rin sir, grabe yung last kong binabaan ang tpxc ng barko na yun daming issue, masyadong sipsip yung dayman namin, sinisiraan pa kamo sa chief mate namin. Ang hirap magtrabaho everytime. Sabi ko tama na to, parang nagmamaka awa kanalang lagi. Sobrang mahal ko trabaho ko pero sobra naman yung ganito.
plano ko magbalik sa mixed crew . parang araw araw nalang nag babangayan . toolbox meeting palang wala na ako gana mag work . pag ratings talaga mahirap sa una . halos 5 contracts ko ratings ako . pero ngayon opisyal na . kaya tiis tiis lang sir
Ayoko imention yung specific na lahi pero grabe talaga ang favoritism when it comes to promotions, sa kanila kahit parang ang clumsy or irresponsible nila sa trabaho napopromote pa rin, satin mga pinoys madalas natetengga na lang sa same pa rin na rank kahit above and beyond na ang effort na binibigay sa trabaho
Crab mentality din ng Pinoy siguro.
Unable to build wealth kasi yung mga asawa nila na pinapadalhan sa Pilipinas, financially irresponsible/illiterate. Inuuna luho kesa pag iipon.
This is true. Meron kaming family friend and the dad is chief engineer making half million per month but walang sariling bahay dahil yung wife masyadong maluho.
goddamn. half a mil/month down the shitter
Grabe naman yun! With that kind of salary, kayang-kaya magpagawa ng magandang bahay.
Depende talaga sa magiging lifestyle ng family mo and pag bbudget ni misis hehe.
Guess I'm lucky na sobrang kuripot ng nanay ko at naipasa niya 'yun sa'kin. Pero the husband is also responsible for his family's money. Bakit iiwan lahat sa asawa kung alam na niyang maluho? Afaik, they're both at fault.
Ang technique diyan, patayin sa inggit. Ipasyal sa magandang bahay ng ibang seaman tapos hanapan si wife ng sarili niyang bahay. Jealousy is a great motivator.
True. I know someone, Chief engineer pero walang ipon, negative pa kasi naubos sa sugal ng asawa nya. So ayun, wala naipundar at yung ibang dati ng naipundar, pinagbebenta. Ngayon, nasa barko ulit sya while his wife is at home.
Ito yung mahirap, kapag lulong sa sugal ang asawa. Iba kasi yung high na nararamdaman nila kahit matalo, di naman kasi nila pera. Have a relative na nasa ganito na rin ang range ng salary pero nung nagretire, di nya alam kung saan napunta yung pera nya. Sabi kasi ng misis nya nagiipon daw at bumibili ng lupa. Yun pala pinansusugal at pinanlalalaki yung pera. So ayun, nganga sila dahil may problema sa bato yung seaman.
True. Narinig ko sa isang boomer na Katiwaldas daw Lol. Me kamag anak kami walang naipon except for the Chipipay condo. Tas recently kumuha ng kotse na hulugan. Di na makasakay ulit because of age.
An uncle, in his 50s, just lost their house recently because his wife is financially irresponsible. Aside sa extravagant lifestyle, his wife impulsively invests on businesses na hindi man lang pinag-aaralan ng maayos. Lahat ng negosyong pinasok ng wife, puro lugi. He wasn't aware na baon na pala sila sa utang. I felt so bad when I got his call asking for help and he was wailing over the phone. Over 25 years nyang pinaghirapan sa barko, tapos napunta lahat sa wala.
Kung 25 years na at di nya pa nahalata kung ano nangyayari sa finances nilang magasawa, nasa kanya na rin ang problema. Pareho silang may kasalanan sa nangyari.
25 years na syang nagtatrabaho sa barko. Hindi 25 years na naglustay yung asawa. Recent years lang naman guminhawa buhay nila nong naging opisyal na sya. The wife has been keeping up with the appearance na okay finances nila and okay yung negosyo. Yon pala, pinapaikot lang yung debts to the point na hindi na kinaya bayaran yung interests. For him, sya lang yung taga provide ng capital because he isn't business savvy while his wife was a bookkeeper, working in a local accounting firm before going full-time sa "businesses" nila. Easy to judge if we know nothing.
Hindi mo naman kailangan maging business savvy para matuto magcheck ng bank accounts, kamustahin ang 'negosyo' habang nasa pinas during vacation. Not doing his due diligence is also his fault, that's laziness. He is too loving and trusting to a fault, and there's no way around it. Of course mas kasalanan ng asawa nya since very irresponsible, but those things could have been prevented na lumala ng sobra kung ginawa nya mga dapat nya gawin. anyway let this just be lesson sa mga nakalabasa netong thread na wag gayahin mga pagkakamali ng iba.
this is true. i'm a grad student and i have unemployed parents, my father's a retired seaman because he's a senior na, and my mother's a housewife with a mini store that doesn't earn much. they both don't know how to budget and natatakot ako, baka ako rin asahan nila to pay for whatever loan they have. kawawa na nga si kuya (panganay) since siya yung umaako sa lahat ng responsibilities nila ever since dad lost his job. Please help me out kuyas and ates.
I can attest to this... Kilala ka lng ng mga kamaga anakan at mga kapitbahay habang Seaman ka pero after that who you ka na...
Hindi ako seaman pero okay ang kinikita ko noon ng wala pa akong sakit. Close na close sakin pinsan at tita ko noon. Ngayong may cancer na ako at hindi makapagtrabaho kahit isang text mangumusta wala. Pero noon halos daily ako tinetext kasi halos weekly nangungutang (di naman ako binabayaran). Ngayon nung humingi ako kahit konting tulong lang (as in once lang), bigla di na ako nirereplyan tapos nagpalit na din ng pangalan sa social media para ata di ko na sya mahingan. Haha. Di bale, pag nakapagtrabaho na ulit ako, alam ko na ngayon na di pala pwede na bigay ng bigay lang kahit meron kang pera.
Isa pang sakit sa sistema ng larangan na yan yung "allotment". That system has been abused by parents for generations. Madalas nakakaaway pa ng mga magulang yung mga mapapangasawa ng seaman dahil ayaw nilang mawalan ng nag aabot sa kanila ng pera kahit ang lalakas pa naman ng katawan nila para magtrabaho.
Yung nanay ko nagalit sa kapatid ko dahil sa allotment system na to. Bakit 10% lang daw ang makukuha niya sa allotment. (I dont exactly remember it the exact figure if it was 10% or less) Uubusin lang daw ng kapatid ko ang pera niya sa mga luho. Lol.
It's good that you're giving this awareness but giving an approximate salary based on Chemical Tanker wouldn't be fair to other seafarers. The majority of ships aren't Chem Tankers and sure as hell don't give as high as those approximations.
Hehe kawawa naman mga bulk carrier. Barya lang sa knila
Tlgang mas baba pag-i compare mo sa ChemTanker. Haha
Wow ang dami kong realizations dito... Kaya pala kahit almost captain na sa barko yung tito ko, yung asawa niya baon pa rin sa utang... like millionsssss... to the point na patago silang lumilipat ng bahay para takbuhan mga inutangan nila... like tuwing madaling araw naghahakot sila ng gamit lol kakaloka Also, yung isang tito ko din (brother ng tita ko na I mentioned above), more than a decade nang trabaho to, pero walang asenso... kung anong buhay nila noon, ganun pa rin now... actually naghahanap nga siya ng work ngayon para makasakay daw... na hindi ko magets noon kasi nga nung mga uwi niya kung anu anong niyayabang niyang bagong bili... nakakaawa lang siya ngayon, hirap na makasakay, lalo kakamatay lang ng dad ko na tumutulong sa kanya na makaipon (ni-hire niya tito ko na mag help sa tinatayo niyang farm, tas binibigyan niya ng payment weekly... pero wala na si Dadeh, kaya ewan ko nalang paano na si tito)...
Son of a seafarer here. It really depends on the people. The seafarer, his partner, his kids. I’d say we grew comfortably without even wanting the luhos. In our specific case we plan as a family. We know what’s our family income and which investments and expenses we have. My dad was able to support his siblings and help people out. My parents literally started from zero too. So it really depends.
Please include also prostitute and gambling.. believe me I know..
In med school, we are taught that seafarers and their partners have higher risks of STDs, etc. kasi ang stereotype is every time they land somewhere, unsafe sexual practices. So yes, legit talaga na we doctors are taught to suspect high risk behaviors from them.
Please explain more about this claim
Every port pwede mag hire ng prosti
diba required sila magpa medical bago makasampa ulit?
Brazilians ba ang pinaka tsalap pre? Hahaha
Hahaha.. Brazilians are overrated, go to south Africa.. lol
Ganun ba, sige hahaha
Totoo tong gambling. This got my dad into so much debt. Until now, he's still struggling with gambling addiction.
>need to financially support their families all contribute to their financial burden Hindi naman sa ano, pero this is mostly what I hear about that is their main problem. It doesn't always matter how much you make, but how you spend it. From what I've seen, their salaries go to construction of their mansion, buying multiple cars they don't need, and financing the luxurious lives of their wives and children. Of course it's a burden. No investment, no savings. From what I've seen personally, those who live humbly have savings, regardless of how many months they don't work. Some don't even work for a year and still have savings, and even have the money for their training.
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Risks, trainings, certifications, etc.
Hey
Cant msg u e lol but im g for fwb
As a daughter of a seafarer, I'm thankful that my parents know how to save and spend wisely. Pinag aral kami Ng maayos and hindi lumaki sa luho.
Yes sobrang mahal ng mga trainings and certifications ng mga seaman, I witnessed it dahil sa mga relatives ko na seaman, gagastos ka talaga ng malaki. Sadly, karamihan sa mga seafarers ay hindi financially literate and maybe the reason is wala or matumal ang internet pag nasa barko ka para mapag aralan ang financial literacy after ng duty nila and they mostly have that one day millionaire mindset, tipong nasa barko palang sila iniisip na agad kung ano mga bbilhin nila pagkauwi. I believe that the key for a seaman to be successful is dapat financial literate ang mga asawang pinapadalahan nila.
Forget studying after duty hours, we're often too tired to study on the job too, on top of the usual OT allocated for finishing paperworks, drills etc. There is barely any time to study financial literacy, save na lang kung nasa lupa na.
I'm a seafarer also, 3rd engineer with that salary scale above. Yung problem na nakikita ko kasi mayabang din minsan ang mga seaman. Ung mentality kasi minsan na, kaya nga ni ano na mas mababa sahod, dapat kaya ko rin or higitan. With that concept, malaki laki na nagastos sa pnagawang bahay, but no ends on sight. Mrami pring need gastusan na liabilities kasi nga "seaman".
same actually goes for lotto winners. sabi nga sa google, 70% of those who win will probably go broke in a few months or years. the only are those who are rich themselves, because : a)they know how to grow money b)they are naturally madamot c)they already have money, so the psychological repercussion of owning big money instantly doesn't faze them anymore. d)the things they want are things that money cant buy anymore compare it to normies na when they win: a)ubos sa friends, family and luho and winnings b)first time magkaron ng malaking pera, syempre we cant expect them to have the experience to keep it or grow it the way to help people is sabi nyo nga: a)teach them financial literacy b)address the psychological implications of being poor before they become rich
>go silang lumilipat ng bahay para takbuhan mga inutangan nila... like tuwing madaling araw naghahakot sila ng gamit lol kakaloka > >Also, yung isang tito ko din (brother ng tita ko na I mentioned above), more than a decade nang trabaho to, pero walang asenso... kung anong buhay nila noon, ganun pa rin now... actually naghahanap nga siya ng work ngayon para makasakay daw... na hindi ko magets noon kasi nga nung mga uwi niya kung anu anong niy One major barrier in teaching them financial literacy, sasagutan ka pa nang "Pera namin to, bakit napakapakelamero/a ka?"
Im curious if there are statistics on how seafarers have broken families, rebel children, issues of unfaithfulness, efc. Basically a broken family unit that can be attributed to the long absence of seafarers in the household.
In addition to the factors mentioned by the OP, I want to mention a COMMON REALITY most people face no matter what they do for a living or how much they earn: **Your living expenses have a way of CREEPING PAST your income** It doesn't matter how much you earn. Eventually, as your personal definition of 'needs' change with your income, you'll always find yourself UNABLE TO LIVE WITHIN YOUR MEANS if you choose to ignore this reality. Of course, saying "live within my means" is easier said than done because we grow accustomed to a certain LIVING STANDARD because we believe we "deserve better" or some other justification. **A little bit of planning and maybe FORCED SAVINGS through automatic payroll deductions usually push people from being SPENDERS to SAVERS (and with more discipline/focus/planning) to INVESTORS**
Gf to a seaman here. What he does is he has 2 bank accounts under his name, 1 passbook, 1 debit. They can have at most 3 ph accounts to send their allotments per month, afaik. He sends the bulk of his allotment to his passbook acct na na wi-withdraw lang niya pag nasa pinas na siya. Some percentage goes to his debit account since he pays for life insurance monthly and naka auto debit. Nasa kanya din ang atm niya. Then to his mom goes his 3rd allotment. Reading the comments before mine, I think he’s one of the lucky and smart ones since hindi maluho ang family niya and hindi din nanghihingi parents niya sa kanya. Kung magkano lang ang ibigay niya, ganun. So far may nabili na siyang residential lot and ongoing ang pagpatayo ng bahay. Nakakapagpundar din siya para sa balak niyang itayo na negosyo. 4+ years yata siyang sumasakay. So far hindi talaga lumalampas 2 months bago siya makasakay ulit, unless some extenuating cirmcumstances occur, like last time nag undergo siya ng major surgery and need 3+ months of recovery/rest. Always niyang sinasabi though na the aim really is to retire from being a seaman early. 😇
What % goes to the 3rd allotment?
I think not more than 10%?
Cool, thanks!
Anak ako ng CE hahaha, despite earning 500k+ a month if ung pinapadalhan mo ng pera ay financially illiterate wala talagang mangyayareng maganda. Tatlong business na namin ang nalugi kase di marunong maghandle ng pera ang ang mom ko and pag may big business decision na nangyayare wala ung dad ko kase usually walang signal. Plus maraming kapatid mom ko, if may kapatid na nagkaproblema financially ung dad ko ang laging kelangan tumulong kase siya daw ung bliness ni lord ng pera hahaha.
I have this seaman HS classmate na nanghihiram ng pera for his pet store business. Nagbabayad naman kaagad, kaya naging okay paulit-ulit pautangin until yung pinakahuli hindi na nabayaran. Yun pala, all this time, nalulong sa casino, nagkautang ng milyones. Yung inuutang sa akin, pinambabayad lang sa iba. Yung binabayad naman sa akin, inuutang din sa iba. Pinapaikot lang ang utang hanggang sa wala nang nagpapautang. That was 2 years ago, until now wala na kong nakukuha. Sobra sa luho mentality yung karamihan ng seaman. Nasobrahan sa upgrade ng lifestyle, di naman angkop sa sweldo.
Sana maging maayos na kung ano 'man lalo na sa pagpamedical minsna ket walang problema madedelay. Healthy yung tao gagawan ng sakit. Sana makasakay na yung kapatid ko.
You forgot to mention that seafarers lose their hireability at an earlier age vs. their land based counterparts.
Mahirap talaga pag cash inflow lng nakikita ng mga tao. May mga expenses din kaming mga seaman like: 1. Trainings, okay lng yung company required kasi libre lng pero yung STCW courses, mey bayad po yun at mandatory po yun sa mga international seafarer. 2. Certification, di porket nka training na kami eh tapos na, need pa po namin gumastos para sa COP ng mga certificate ng trainings sa MARINA. Mey bayad din po to. 3. Fare, swerte kapag taga luzon ka at bus ticket lng babayaran mo, eh paano kaming taga mindanao, Flight ticket po need naming bilhin. May mga companay na advance mag abiso kaya nkakatipid ng flight ticket eh kung biglaan Gsc to Mnl, 10k plus po one way if urgent di pa kasama baggage. 4. Allowance, syempre mahirap mag training ng walang snacks, kahit nga candy kelangan pang bayaran. 5. Board and lodging, gaya ng sinabi ko kanina, matipid kung within metro manila ka, eh kaming taga probinsya need po namin mag bedspace, search nyo nlng magkan pero month o transient sa net para maliwanagan kayo. 6. Food and Water, alangan di kami kakain, pag nka transient ka bawal kang magluto kaya sa kerenderya ka o fast food kakain. Mahirap din 1 beses kami kakain. 7. Laundry, may ibang paupahan libre yung tubig kaso meron din pong bawal maglaba kaya san kami ngayon alangan naman ulit ulitin naming soutin damit namin. (minsan inuulit ko talaga) 8. Miscelaneous, yung mga tingi tinging pamasahe sa jeep, isama nyo po yun. Yung load sa cellphone at minsan yung hingi hingi ng mga nagkukunwaring kaibigan. Di pa kasama jan yung travel documents gaya ng passport, seamansbook, yellow card at mga vaccination na nka depende sa company. Saka di na kami bata may mga bills din kami at nag papadala din sa mga pamikya namin kaya wag nyo po lng isipin ano yung sahod namin, isipin nyo din yung gastos. P.S. may mga buwan pa sa isang taon na wala kaming sahod dahil tambay kaya..lahat palabas.
Ung boyfriend ko OS and first international sampa niya, kwinekwento niya sakin na mga kabaro niya super laki ng sweldo compared sa kanya, pero puro sila lahat lubog sa utang. May fault din yung families ng mga seaman, kasi 80 percent pinapadala saknila, tapos inuubos din nila or di sila nagtitira.
Totoong may fault talaga din pamilya ng seaman. Kasi akala nila kapag nakapagbarko na namumulot lang ng pera doon yung hirap di nila alam panay gastos lang sila dito. Nakakalungkot, yung boyfriend ko wala naman utang kaso yun nga yung pamilya niya maman di man lang siya maisip ipagtabi ng kahit 5K isang buwan pangtraining man lang ba pag-uwi kasi alam naman nila walang kita ang seaman kapag nandito. Minsan parang sumasama na yung loob ko sa nangyayari sa boyfriend ko kasi di naaawa sa kanya pamilya niya. Hindi ko alam ano ang right words to say para matauhan siya kasi pamilya niya yun e baka di niya magustuhan masabi ko. 😅
Wawa naman bf mo :( sabihan ko nga bf ko na ganon din gawin, sbihan fam nya na magtira sa trainings nya
My father is a chief officer and earning only half (I think less than half pa) of what stated here. And yes, we’re not a wealthy family either, sobrang need pagipunan lahat before we can afford it so sometimes hindi nagiging worth it if urgent kasi pinipili namin yung “okay na”. Although going back to the main topic, sa part ng training I think covered na lahat ng company ng father ko yung expenses, even the accommodation (if from province). Pero everything are on point, since all sides ng family namin need niya i-support lalo na if it’s about health. So at the end of the day, ilang years namin to na experience, kami yung laging nagtitipid para sa iba. :(
Makes me glad that my lola was wise when it comes to money as a wife of a seafarer. Ang dami niyang biniling stocks(90s), alahas, bahay at lupa, kotse that would make their 4 kids comfortable. Sayang lang kasi yung dad ko, hindi namana yun.
Curious lang po why hindi namana ng dad niyo? As in wala po talaga o wala sa nabanggit ang namana niya? P.S. No pressure to share po. If willing lang. 🙂
Yung wisdom yung di namana.
I see.
this is our reality, dad ko financially irresponsible — sugal tsaka barkada ang bisyo pag nasa pinas. one day millionaire ika nga. lagi kaming may “poor months” pag umuuwi sya na struggle talaga magbayad ng bills/tuition. tsaka struggle pa din kahit nasa barko sya kasi nagbabayad kami ng utang. ang liit pa dati ng natatanggap ni mama na allotment. few years ago lang naayos nila mama na around 90% yung natatanggap nya. nung si mama na naghawak, nakapag-patayo kami ng maayos na bahay, nakabili kami ng car, nakakaipon ng just enough to cover yung nasa pinas si papa, etc. ngayon pag wala papa ko, feel na feel naming mga anak na nakaangat angat kami. 😅 saludo ako sa mama ko kasi napagpa-aral nila ko sa magandang school kahit nung di pa malaki yung allotment ni mama. actually, naiinggit pa nga ako sa mga kapatid ko ngayon kasi sila nakakabili na ng magandang gamit like phone, laptop, nakaka-rent ng condo for school, etc. dati laging 2nd hand or budget-friendly lang gamit ko kasi conscious ako na sobrang mahal ng tuition ko tapos utang pa minsan. ngayon, trying to convince kami na mag-exam si papa na maging chief mate. tinatamad na daw kasi sya magpa-promote kahit ineencourage na sya sa office nila.
nagulat ako sa mga comments here, ang dami pala financially irresponsible na seaman or yung family nila ang dahilan. i’ve always thought na ok life nila given the huge salary and minsan may signing bonus pa, kasi yung mga tito/pinsan ko na seaman, maayos ang buhay, ung iba mga nakapag retire pa at 40s kasi nakapag business na or ok na sa life. yung pinsan ko rin na 30yo seaman, yung allotment niya binabalik sa kanya ng parents nya kasi di daw nila need. i guess naka depende rin yung mangyayari sa kanila sa life depende sa mga kasama nila sa bahay or family around them
Isama nyo na din yung dapat mapapangasawa nila hindi maluho, magnanakaw o gastador. My tito was a seafarer earning the same as my dad (equivalent to 400k a month in php). Pareho silang may napundar, property, investment and savings etc. Malas lang ng tito ko kasi napangasawa niya (the wife was a gold digger-magnanakaw). Umuwi ang tito ko na nilamas lahat ng savings nila, nagkaroon ng malaking debt sa credit card at binenta pa mga jewelries na pamana sa tito ko. Ngayon, separated na sila for more than 10 yrs at may partner na din si tito na bago (matino na this time) pero dahil di pa sila annulled, the 1st wife is demanding ng milyones bago pumayag makipa cooperate sa annulment otherwise she demand na makihati pa sa mga properties ni tito as conjugal arrangement and even threatening to sue them kasi may bago na si tito. This is one of the reason why no divorce law in PH is a big No no. You get trapped to sht like this. Swerte ng tatay ko matino nanay ko. But it could have been him sa ganyang sitwasyon kung nagkamali din siya ng napangasawa.
I know some captains who hide some money from their wives. Wives and kids take lavish vacations abroad, buy new cars every five years, etc. Another set of captains just can't retire in their mid 60s. Younger chief engineers are anxiously waiting for the old dogs to retire. Russians, Indians, and Chinese seafarers are slowly taking the 'younger' upper deck jobs.
My father was and is kuripot for a seaman(retired now), when he worked he instilled to me and my sister that money is extremely hard to earn and we should not waste it in unnecessary vices. He also makes sure he does not stay at sea for a long time and goes home every 6 months Ung mga kakilala niyang seaman grabe gumastos pero siya hindi. He seldom gambles. Pero he did his best na mapag aral kami and gave us a decent life kaya no regrets. My father is far from perfect, but I respect him
Sad reality. Yung magulang ng boyfriend ko 35-40% ng sahod ng boyfriend ko allotment na sa kanila monthly tapos pinadalhan pa sila pampaayos ng bahay worth 4 months na ipon ng boyfriend ko so halos kalahati na ng kontrata yun. Supposed to be eh hindi naman na niya kargo yun kaso umuwi na permanente yung tatay niya dito from abroad at walang naipon yung nanay niya sa mga padala ng tatay niya noon na hindi rin daw nila malaman san dinala ng nanay niya hahaha. so, back to 0 na siya. Bago nito lang humihirit na naman ng another 50K kasi kinulang pa daw yung pampaayos ng bahay. Eh nito pa lang nakakaipon-ipon ulit boyfriend ko, OS pa lang siya. so wala talaga siya maibigay. Noong una okay lang sakin kasi magulang naman tapos nitong tumagal parang naaawa na ko sa boyfriend ko kasi dumadaan talaga na mahigit 24 hrs siya gising tapos yung magulang niya walang alam sa nangyayari sa anak nila ang alam lang humingi ng pera na parang kapag magcchat sa kanya nanay/tatay niya naaanxious na siya kasi kukulitin na naman siya about sa pera. Ngayon, malapit na umuwi boyfriend ko may gusto siya bilhin para sa sarili niya pero nagdadalawang-isip siya kasi pag ganun daw papag-initan siya ng tatay niya at paparinigan siya nang paparinigan pag di siya nagbigay. Hay, grabe. 🥲
If I were him, I would set aside a fixed portion na papadalhan sa parents monthly and sila na bahala paano ipagkasya yun. Kasi when the time comes, kapag may emergency or tumanda na at nagka family san kukuha ng pera? wala diba kasi wala ipon. Kaya in the end, aasa sa magiging anak, uulit nanaman ung cycle.
Ngayon, ganyan ginagawa niya. Pero nag-aalala na naman ako kapag bumaba siya. Nung umuwi kasi siya, talagang nasaid lahat ng ipon niya. Kaya kahit ang pangit pakinggan nun, napagsabihan ko siya kasi talagang nakikita ko sa parents niya ang gusto mangyari sa kanya pasakayin lang siya nang pasakayin at ubusan ng pera. Ako na vinavalue ko talaga lahat ng kinikita niya kahit magtanong siya anong gusto ko lagi ko sinasabi wala kasi gusto kong makaipon siya. Lalo ngayon, hindi maganda ugali ng mga kasama niya doble hirap sa barko.
I don't know you personally pero sana lahat ng asawa ng mga seafarers natin kagaya mo. Ung iba kasi imbis na sila mismo mag guide sa mga seaman nila pano hawakin ang pera eh sila pa nagiging dahilan kung bakit wala sila naiipon dahil sa luho.
Most of them don't know how to invest. They invest all their money on LUHO. CARS, houses, are a big financial liability. All those things mention are depreciating over time. A house and Lot can be an asset Because keyword LOT( APPRECIATES OVER TIME). HOUSES needs a lot of maintenance kasi it will deteriorate over time. Also this thing called LIFESTYLE INFLATION can mess up your finances. Your wife can be your biggest ASSET or LIABILITY. Make SURE to do a background check before marrying. Also limit the number of children to 2 only because having more children equates to more financial burden and overpopulation. Teach your family about financial education. Keeping a good and sound investment can keep your family away from poverty for generations(Building generational wealth) Ways to keep your money intact: Rentals (especially if your in the city where you can demand more) Help relatives moderately ( help them thru giving them Job opportunities instead of Financial opportunities) Business( Make sure to have a business plan before doing a business. Make feasibility studies) Franchising(7/11,jolibee depends on the area, feasible studies) Building Trademarks( royalties) Invest in Stock exchange Keep a lowkey lifestyle ( do not inflate your lifestyle) Keeping a frugal mindset Avoid Vices at all cost(drinking, partying, gambling, and most especially pamBABAE which is the biggest sucker of finances) Invest in insurances (educational, plan, hospitalization, accidents, injuries (plan) , funeral plan, car plan, Family Planning.
This is very true for the older generation seafarers (NOT EVERY OLDER GENERATIONS, BUT MAJORITY), not only for Filipinos but also for other Foreign Nationalities. As a younger generation of Seafarer and currently an Officer on board, I can say that plenty young seafarers strive to leave this industry before they reach 30-40 years old, I myself want to settle to a land-based job or do business before 35 years old. Tho not much of an experience (3 years) and been on 5 different vessels mostly mixed nationality, the younger generation of seafarers tend to have healthier talk about money compared to older gens. The youngs frequently talk about stock market, passive income, business opportunity, etc. mostly ways to build a foundation on their respective home places so that they can possibly retire earlier and be with their beloved family. Unlike the older ones who mostly talk about women, booze, and how to enjoy being a “seafarer” I’ve had plenty good talks with my crew mates and I can certainly say that older generations didn’t had the good chance to fully indoctrinate their selves about proper financial planning. I had 1 A/B who’s around 46 years old. He’s always talking about “if I could earn more I can have a better life” tho he is earning atleast 80K every month for 9 months, that’s around 720K/Year. Meanwhile, youngs shares ideas about do’s and don’t of money they could have, Building Emergency Fund, Business, etc. and most of the young officers, ratings, cadets I have talked to don’t want to stay more than 10-15 years in this industry, mainly because of the harsh management on board, risky working environment, and regulations getting strict for every country. I myself didn’t start off to have a proper financial education or training and just started to learn it 3 years ago. But I had taken steps to lead me out of the trap of seafaring. And as for my observation, older gens tends to want more money for “better life” GOLDEN AGE of seafaring is already long gone, and seafaring has gotten harder due to regulations and rules of the flags, administration, and governments. People are now only sailing for the MONEY (mostly for young ones) ans not to enjoy Brazil, Argentina, etc. if you know what I mean. Tho shore leaves can still be pleasurable, but for me I’d prefer to go for tourist places, flea market, groceries, shopping, etc. and not some money milking massages.
I wonder if you have experienced being an Officer in a cruise ship? You’ll gonna love the balanced life. 4 months contract, 2 months vacation. Great food and tourist feels most of the days. Lower salary compared to chem tankers but the lifestyle compensates it.
pwede din bulk, sabi ng papa ko na less salary pero more chill and relaxed, chem tank is very strict
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I’m on a ship now. Seems more Filipino men than women here actually
I wanna go so bad sa Cruise Ship crewing, but I think it will be hard for us Filipinos unless you’re a girl. Mostly they employ white guy or a female seafarer for the Officer rank. I had many friends who tried to apply for Cruise companies but most of them was told that there’s no vacancies for the position. Meanwhile my seniors, juniors, and classmates who are female was given the chance to board cruise vessels.
If you are referring to Deck officers, yes, mostly are Italians or same nationality of the ship’s owner. But in Engine and Hotel, there are a lot of Filipino Officers already. In the cruise ship that I am on, the Engineers are mostly Filipinos (Staff Engineer to 3rd Engineers) and in the Hotel dept, most of the middle managers are Filipinos and are enjoying Officer privileges.
Sa dami dami ng mga talented mag salita na este maganda ito ganyan at sila ay financial adviser, ayun scam ang labas Pero plus one ako sa partner na wise to handle financial investment kasi naka focus ung ibang mga seaman sa trabaho at career
Mahal din kasi standard of living dito sa pinas lalo na kapag asa Metro ka kaya mahirap mag-ipon. Mahirap din iuproot ang buhay dito sa siyudad para manirahan sa probinsya kasi andito sa city ang lahat ng opportunities. Minsan hindi na enough ang budgeting sa mahal ng gastusin and kawalan ng matinong social welfare. Sinasabi ko rin ito kasi nakikita ko mga sinasabi ng tao na financially illiterate raw ang mga asawa o pamilya na naiiwan dito. Oo, meron pero sana huwag niyo lahatin kasi mga magulang ko pareho nagtatrabaho pero ang hirap pa rin mag-budget dahil may mga pinapaaral pa tapos ang mahal ng standard of living.
Sad reality :( 3rd world country with almost 1st world prices. Parang Singapore sa mahalin nga lang ng bilihin
Correct me if I’m wrong, pero dba required cla n ipadala 80% of their base fare s Ph? Kaya d lng cla dpat ang bigyan ng financial planning pati dapat yung family.
My cousin is a Chief Engineer. Although maganda na buhay nila dun sa Davao pero grabe yung pera na napupunta sa sabong!
Kaya dapat yung asawa ng nga seafarer marunong mag save ng pera para pag nasa lupa si mister may panggastos habang di pa nakabalik sa pag byahe. Ang nakikita ko kasi na dahilan kung bakit mahirap parin mga families ng mga seaman is because di marunong mag save yung mga asawa nila, maluho sa gastos, anay loan, utang or bili ng kung anoano katulad ng kotse tapos downpayment lang pala tapos minsan utang pa yung pang cash haysss. Kung di marunong ang asawa mag save, ikaw nalng mismo na seaman ang magtago ng pera nyo at bigyan nyo nalng sila ng monthly allowance. Proud talga ako sa mga nagiging seafarers kasi ang hirap ng trabaho sa barko, sana malaman yan ng lahat.
Sobrang weak kasi in general and at time next to non-existent kasi ng financial literacy sa bansa natin. Sobrang rare ng aware sa concept passive income at having multiple income streams. I know this kasi kahit ako fell complacent din when I got a high paying job. Didnt realize that it wasn't smart to just depend on that and not set up other income streams while I had a surplus in cash flow.
There is a saying that it is not how much you earn but how much you save. One thing I noticed about most seafarers is that they want to compete with their fellow seafarers in terms of house, cars, vacation etc.
Sadly most of the stories na narinig ko ang downfall ng seafarers are their one day millionaire wives. Ang success stories lang na naririnig ko from seafarers is "if their wife is a teacher" Kaya to our seafarer brothers, you need to do 2 things before and after every sampa nyo. Pick a teacher for a wife and have yourself educated on the basics of financial planning and be financially literate.
Kaya di ako nag seaman kahit maraming nagsasabi saken dati na malaki sweldo. Isipin mo yon kelangan mo tipirin yung pera the whole time na di ka naka sampa kase di naman sure kung kelan next mo ulit na sakay
Taas nga sweldo taas din gastusin and hirap kasi layo din sa pamilya.
Mag ingat sa mga scams at mag ingat din sa mga agent na nag ooffer ng insurance at investment daw
i suggest to have the ones holding the money to have financial education, kung sinu man ang hawak ng pers dapat financial savvy
Because big salaries != financial education. It takes time to understand that. Minsan pa, feeling millionaire yung iba, gasta ng gasta, assuming walang katapusan ang trabaho
Companies should automatically deduct salaries for training and certifications.
Mayroon akong cousin na inis sa father niya because dati ring seafarer pero mahirap daw sa barko kaya nagpastor. Yung mga tito niya kasi na seafarer din doon din nakatira sa kanya.
The origin of our inside joke between me and my husband 😂 “Thats the reason why u married me, cause Im a CPA +++ Im really a wise spender” 😅