Neri Naig, the wife of Chito Miranda, is now known as a ‘wais’ mom who owns many businesses and properties that the couple rents out or use as a resort.
Now that they have kids and the kids are earning from endorsements, this ‘wais’ mom isn’t just saving the money for her son’s future but also investing them in something that could potentially earn them more! Wow.
Neri Naig Invests Son’s Endorsement Earnings
With both parents being celebrities, it’s no surprise that Miggy Miranda already has some endorsements even at a young age. Even his younger brother, Cash Miranda, is also raking in some real cash even if he’s just a baby, also thanks to product endorsements.
And while they’re too young to manage their own finances, mom Neri is there to make sure that they’re going to make the most of the money they get from these jobs.
Miggy is just 5 years old but is now the proud owner of a condo unit that Neri plans to rent out so the young boy can have a steady income stream, with or without future endorsements.
“Since mga endorsements on si Miggy, inipon ko ang money nya para makapag invest at mapagkakitaan pa rin. For habang bata pa, may negosyo na siya,”Neri explained.
She was able to save money with the purchase because she got it while the unit was still at the preselling stage.
“Eto ang una niyang investment at negosyo. You have to send a bank account directly. Isang bedroom condo with SMDC Grass, tabi lang ng SM North at Trinoma. Presell when nakuha yung condo. Get started right away and get there. May nag abot lang ng flyer sa akin sa SM The Block, kinuha ko naman habang buhat buhat ko si Miggy nun,”She explained.
“At ang first endorsement nya, @babyflo_ph na agad. Yun na ginamit ko sa mga panimulang payment. After ilang years, buo nang nabayaran. Kaya excited for a long time ago, hehe! Para ipon ulit, next project naman sana, if may pasok sa budget.”
Once the unit is complete, Neri plants to rent it out.
“Daily ang rent, since ipina ayos talaga namin ang condo sa @ grupo.santamaria parang nagstay ka na rin sa hotel pero mas affordable. Walking distance to the malls. Update ko kayo soon kung kailan pwede nang marentahan,”She added.
Here are the advantages of investing in a condo unit:
- Nice amenities (usually have a pool, gym, or clubhouse)
- Affordability (depends on location and unit)
- Less maintenance to worry about
- You can rent it out for some extra income
But here are the disadvantages of getting a condo:
- Monthly fees can be expensive
- Condo rules can limit your freedom
- Financial mismanagement can make you lose your investment