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How to Invest in Pag-IBIG MP2 for Students, OFWs, and Beginners 2021 | Why Invest in MP2 | START NOW - YouTube
Channel: Nicole Alba
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yo yo i'm ready to invest i have money
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to invest
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can someone tell me where to invest this
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hell yeah that's what i'm talking about
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in this video we're going to be talking
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about investing in
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mp2 it's probably one of the safest and
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most underrated forms of investments
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that's perfect for beginners students or
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anyone looking to diversify their
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portfolio
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the best part you only need 500 vessels
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to start yeah
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what's up friends welcome back to this
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week's video if you're new here what's
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up
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my name is nicole and i make weekly
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videos on personal finance
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investing and sometimes i do things on
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other stuff too
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this has been such a heavily requested
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video you guys have been asking me to
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make a video on bug ebay for such a long
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time
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and i'm hyped to finally be talking
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about it
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i'm expecting that this is going to be
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kind of a long video
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so here's how i want to structure it
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first we're going to talk about the what
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what is pug ebig not this buggy big
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this foggy big yeah the government one
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second we're going to talk about why or
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more specifically
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why should you invest in mp2 like what's
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in it for you what's so good about it
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and third we're going to talk about how
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i always say that action is the most
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important thing
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like you can watch all the videos that
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you want read all the articles you think
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you can
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but at the end of the day if you never
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take action then
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um so yeah we're going to talk about how
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you can start investing in
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big mp2 as well as my own experience in
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how i registered and applied
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and deposited my contributions alright
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so even though i do seem super hyped
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about investing in mp2
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do take note that i'm not saying that
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it's the perfect investment for everyone
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still take the time to assess your own
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financial goals so that you can decide
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for yourself
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whether it's a form of investment that
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makes sense for you
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all right this ain't no financial advice
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i am not a professional financial
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advisor
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i am just a random person on the
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internet who's sharing what she's
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learned so far
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yeah we're all learning together do your
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own research
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if you're interested in learning more
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about managing your money or personal
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finance in general
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you can check out these two videos i
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made before about managing your money
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and how to start investing because you
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know baby steps
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we good all right let's get started
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so let's get down to the juicy details
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what is spaghetti bing
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pagibig is a government-controlled
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corporation that primarily exists
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to provide affordable housing loans to
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filipinos
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so the income that they get from loaning
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out the funds
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they pay it back to their members as
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dividends
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so before you can get started investing
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in mp2
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you need to be a regular buggy big
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member first
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it's probably what you guys are most
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familiar with first and foremost
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all employed filipinos are required by
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law to become a puggy big member
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so if you're employed there's usually a
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monthly deduction on your salary
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that goes to your big contribution it
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pays out
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high dividends per year so your savings
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in this fund has a maturity period of 20
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years
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so after 20 years or at least when you
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retire whichever comes first the money
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goes back to you
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as well as the interest in the dividends
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that you earned during that period
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this law dictates that the minimum
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monthly contribution for filipinos
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is just 100 pesos but you can you can
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you're allowed to
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like deposit more if ever you want to if
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you're employed
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your employer matches the contributions
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that you make
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so let's say you contributed 100 pesos
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your employer is also going to match
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that amount so instant double
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contributions free money yo free
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if ever you're self-employed an ofw or a
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student
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you can still apply for this regular
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savings account at any of the bug ebay
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branches
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or even online if ever there's an
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emergency
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something bad happens you know you can
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actually withdraw your savings
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so i'll flash on the screen the
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instances in which
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you're allowed to withdraw your savings
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in the savings program
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next after the regular savings program
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they have this
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extra savings program which they call
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the mp2
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or the modified bug ebig savings program
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so the bug ebig mp2 savings program is
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by ebig's initiative
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to give their members more opportunities
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to grow their money
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the mp2 savings program earns higher
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dividends than the regular savings
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program
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but it's voluntary you know not everyone
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is required to open one
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unlike the regular savings program that
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has a maturity period of 20 years
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but ebig mp2 accounts only have a
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maturity period of 5 years
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if ever you're wondering how bug ebay
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computes their interest
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this is the formula i found in several
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blog posts
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but what they do they multiply the
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dividend rate by the average monthly
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balance of your account
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so add all of the amounts that you
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deposited for a single year divided by
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12
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then multiply that by the dividend rate
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all right so now that we got those basic
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stuff out of the way let's talk about
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why you should consider investing in mp2
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first it's government ba it's safe
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probably like the safest investment that
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can give you this
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much return while the dividend rates
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like the interest that you receive
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on your investment do vary based on the
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performance of the pug ebig fund like
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the loans and how much people pay back
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you're never going to lose your capital
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with this investment
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the government guarantees that people
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will get it back
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right it's by law second it's tax-free
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you don't got to pay no taxes here yo
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tax-free amino compare it to stocks or
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bonds when you're investing in stocks
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case you get charged
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some transaction fees as well as taxes
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on your buy and sell transactions
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and for bonds there's a withholding tax
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for the interest that you receive
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on your investment next you can start
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with just 500 pesos
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500 pesos yo for the regular savings
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program there's a minimum monthly
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contribution
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but for the mp2 savings program you're
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not required to deposit monthly
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it's up to you how much or how often
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you deposit into the account as long as
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each
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transaction is at least 500 pesos
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500 pesos is so much more attainable for
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a lot of the filipinos out there
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you can get started yo there's also no
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limit so you can deposit one hundred
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thousand five hundred thousand one
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million
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is up to you if you got the big money
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that you want to put in a relatively
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safe investment
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you can do that and i forgot what number
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we're at
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sorry there's no limit to how many mp2
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accounts you can open
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you can open as many mp2 accounts as you
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want and
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you can easily open an mp2 account
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online
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very convenient friends right so i
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wanted to bring this
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up i asked you guys on instagram what
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questions you had about investing in mp2
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and someone brought up the effect of the
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pandemic on the dividends that you're
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receiving from the mp2
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savings program well sadly it's already
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expected that the dividends we're going
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to receive
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for the year 2020 will be lower than
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what we had on 2019-2018
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because of the impact of misronavirus
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a lot of people probably lost their jobs
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and are unable
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to pay back their loans so given that
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the dividend rates are dependent on the
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performance of the fund
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yeah but like that's looking at it with
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the short term perspective
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i prefer to look at it for like the long
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term
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the economy is eventually going to
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recover from this
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crazy madness that's happening and
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people are eventually going to be able
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to pay back their loans once things get
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better
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so if you can hold on and if you're
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willing to accept and wait for that
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then by all means continue investing
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there are
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so many more investments for you to
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invest in
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but this is really like the safest form
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of investment that gives you this much
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return
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like i said investing in pagibig mp2
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is not for everyone it really depends on
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what you're trying to achieve
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what your financial goals are so yeah
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it's really important to
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evaluate what are you actually saving
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for why are you
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investing for what purpose and then base
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your decisions off of that
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you might argue that eh i don't want to
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invest in mp2 because
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in the stock market there's higher gain
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potential and stuff like that
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while it's definitely true that there is
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so much more potential
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gain in the stock market do note that
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there's higher risk involved with that
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your capital is not guaranteed as
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opposed to investing in mp2
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where your capital is guaranteed by the
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government
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and there's a lot less volatility if
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you're someone who doesn't want to ride
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the volatility of the stock market and
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you just want
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some fixed income sources like the mp2
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that you just sit back
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and wait for your dividends yeah it's a
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good option for you
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right so let's say you want to invest in
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mp2
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what do you do right so now that we know
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what
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ebig is what mp2 is and reasons why you
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should invest
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action is always the most important
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thing here's how you can get started
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first and foremost before you're even
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eligible to open an mp3 savings account
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you first need to be an active puggy big
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member
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what that means is that you should be a
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registered
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ebig member who has made at least one
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contribution
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in the last six months if you're already
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registered
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then good job you can open your mp2
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savings account now
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but let's say you're a student like me
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or like you're not a [聽__聽] big member yet
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you can easily register by either going
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to a physical branch
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or even more convenient you can just
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apply
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to become a bug ebig member online so
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like i followed this guide it's by
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filipino
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it's a blog and it's a very detailed
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comprehensive guide
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and yeah i'm not going to tell you guys
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step by step on what to do you can just
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check out the article i'll link it down
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below
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for you guys who are students good news
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you don't need no ids to become a buggy
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big member
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so the only requirement for students is
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that you're 18 years old and you're able
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to pay the minimum monthly contribution
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of 100 pesos
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that's it very simple but just to share
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my experience with
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how i applied for a bug ebig membership
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as well as opening an mp2 account
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so i followed the steps in the blog post
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i applied to become a bug ebig member
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online there's like an online portal for
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you to sign up at
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so i did the whole application process
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and then i had to send the code with my
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phone number right your rtn and then i
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waited to receive
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my membership id so they're going to
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text it to you
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it took about a week or so until i
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received my mid
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my membership id as soon as i received
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my membership id
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i immediately deposited my first
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contribution through gcash
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and after i did that i immediately
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opened an mp2 account on the same day
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but the only thing you need to be
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eligible for an mp2 account is to at
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least have
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one contribution in the last six months
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and given that i contributed at least
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once now
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technically i was already an active
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puggy big member
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that's it i didn't go to the branch now
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because of the situation we're at i
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i wouldn't risk it either i emailed
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their customer service naman and they
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said that my contributions
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were able to be reflected in my account
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so i took it as a signal
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we're good to go so i personally do
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recommend investing in the
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big mp2 savings program because where
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else will you find
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a safe form of investment gives you that
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much of a return
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and it's also a way for you to force the
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discipline
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with the investing because the most
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important skill for you to master
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when you're investing or like managing
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your personal finance
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is the ability to delay instant
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gratification
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you're saving for the future you're
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doing your future self a
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favor so that the future you five ten
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years down the line
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has a lot of money to enjoy and given
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that when you're opening an mp2 account
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it's going to be locked up for five
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years yeah
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first discipline yo just take note that
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so whenever you open an mp2 savings
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account you have two
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options you can either open and receive
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annual payment so you receive the
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payment of your dividends every year
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or you can lock it up for that five
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years and only withdraw the dividends
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and your
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investment at the end of five years i
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didn't choose the annual dividend payout
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because i want my investments to just
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compound compound compound until it gets
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bigger
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if you guys remember i mentioned in my
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how to start investing video
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the most powerful concept in personal
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finance and investing
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is the magic of compounding it's not
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only your capital that's growing
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it's your capital plus interest and
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interest that keeps working
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for you the featured comment for this
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video is by
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lyanna lana sorry abner i thought i'm
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weird for having a home
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wallet but here i am i found another
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weirdo
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that's right i am a weirdo weirdos unite
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oh my god it's so dark i am so yellow
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already
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it's about to rain it's so dark outside
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that's about it for today
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um you guys can follow me on instagram i
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post up there
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and you can also like the facebook page
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i have a facebook page now
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wow thank you guys so much for watching
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i'll see you guys
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next week bye
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[Music]
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second we're going to talk about the why
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why should you
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invest in peggy big and beat that little
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bit
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[Music]
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god
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you
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