Stock Trading

Finally, already done the first step in riding vehicles towards my financial independence. I already opened an account at CITISECONLINE. At first still struggling for its all Latin to me. With the complicated terms and all the graphs that I saw online. All are new to me. But at least I jumped into something that I am willing to learn. And took one big step towards my journey to Financial Independence

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Posted in: stock investing

First Time at the Exchange

image courtesy of  law-usimmigration.com

Its been a dream of mine to invest in a stock portfolio which I can see the earnings of my investments more than the usual interests gained from bank deposits. As we all know, most of us are afraid to learn something new, particularly stock investing. Many people tend to back out from the mere appearance of the word "stock investing". That these should be dealt only by "stock brokers and experts" alike. But on my personal opinion, this is a new challenge for me if I want to expand myself especially in financial literacy. As what a friend told me before we should ride vehicles in order to achieve the growth in regards to our money. Money will not move by itself and it will not appreciate on its own. Actually money is very volatile. Its value decreases and for lay man's term this is because of INFLATION. And that's what I am afraid of, to be left behind by the inflation and its a race that I really need to win. And this is just the START!

But for now, I need to do my assigments in analyzing financial statements of various companies that I want to "invest stocks" into. I will keep you posted regarding the ins and outs of the trade for newbies like me and also some actual application that I will have for myself.

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Posted in: first time stock investing,Freedom Ideas,Passive Income,stock investing

Successful People have Mentors

I am venturing into something that I am totally zero knowledge about it. I have no sales background, I'm an introvert and most of all, I dont want to deal with agents. It may sound silly, but I became one. Yes, I am now a Real Estate Investor. I have no knowledge about it. But Im willing to learn. Though, I find some points from books, there are still big difference if there is someone you can ask to. Someone who will tell you how good you are or will give you rays of lights in times of confusion. And I am lucky I have one. Currently, I am under Local Coaching by Ms Lyn and I am proud of it. It is my deep appreciation and honor to be under her because she's already there. I mean, I dont need to question her capacities and capabilities because she is already successful in her chosen career. And now, I chose the same path as hers. Though its just a month since we started, I can honestly say that all things she told us are true. Its up to us to follow and dont be too stubborn and just follow. "Nothing in our past determined her future", thats what keeps echoing in my head everytime i doubt her style of coaching. But she's already there. She is a self made millionaire and I want to be like her someday. So I need to persevere and follow what she is sharing us during coaching time. I dont have to argue with her because I paid for that information. I didnt asked her to give that information for free. For I know, 90% of my success will depend on my prudence and only 10% will be brought by the knowledge I gained from her. So for the benefit of the doubt, I still follow my instincts. And they are always true. So what does my instincts telling me? Just follow her, the knowledge you will gain from her, and in time you will become a self made millionaire too like her soon. Really really soon....

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Posted in: Attitude,Freedom Ideas

Simple Things Matters

Everything that we have to do, we really need to start from scratch. On my journey to financial freedom, I realized one thing. That simple things matters. Every million starts with a centavo. That means every achievement it started as a dream. I really wanted to achieve all my dreams and aspirations. Actually, shifted things a bit to achieve my target. In case I retire, I want to earn passive income of P 100,000 a month. And only two things can contribute to achieve this. Its either owning a multiple door apartment or having my own school. Two things that can come hand in hand. But I want to prioritize the second one. For I want also to contribute in molding future of a child. And also, it will generate multiple jobs, from janitors, teachers and security guards. I'm happy that I have thought about it. Will think about simple things that will eventually to lead to this dream of mine. I don't need to earn multiple million of pesos in one deal, because I know I still need to work on handling those huge of money. In simple terms, I still have emotional hindrance that I need to work out. For I know, its a matter of right time and people who will definitely help. And it will be soon no longer a dream.

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Posted in: Attitude

Emotions are Normal

Does it occur to you that whatever goal you are pursuing, at the middle of the journey you tend to backslide? Well, personally speaking I did. You see I maintain jars for different purposes, but an inevitable event happened. I needed money to cover up some overdue expenses and the sacrifice, one of those jars. Actually I spent the jars for abundant spending. Meaning, that jar is intended for some luxury that I want to spent in a day. It's okay. I really dont feel guilty about it because the spending just came quite earlier. It is supposed to be spent on June though its just only April. Lesson learned, keep the jar in a more secure place... just kidding. Saving takes discipline and determination. What went wrong? I spent the amount for that foreseeable expense in some other things. And thats wrong with me. I dont prioritize. I am still in the process to overcome being a impulsive buyer. Its a long way to go. And I acknowledge it. That I need to drain all the wrong perception I had when it comes to money. I am deprogramming and reprogramming slowly and surely. I hope one day I will not backslide again. And I promise this will be the first and last.

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Posted in: Attitude

The Power of Jars

Way to millions needs self discipline and perseverance. See, we are all capable of earning the money that we want, the problem is specially for Filipinos they tend to spend away what they just earned. In tagalog "Dadaan lang sa palad". We haven't practiced and enlarged our psychological wallet. But what is psychological wallet means? This is your way of thinking on how you can handle a certain amount. If for example your current psychological wallet is just Php 5,000, tendency is when you are able to get money much higher than 5k, your tendency is to spend the excess away and maintain only 5k. Personally, I am experiencing this dilemma. When I got the opportunity to have several thousands of pesos from my bonuses and 13th month pay last Christmas, I tend to cram up because I cant handle that huge amount. My mind automatically programmed that I should buy this, buy that which should not be the case. My mind and pocket just want to maintain few thousands and throw away the excess. I am thankful that I am introduced to maintaining several jars for several purposes. Try to see my post for some details. Now I am on my 2nd month on this, and boy! it really makes a difference. Before, every time I receive my pay, I tend to think what are the things to be paid. But now, before I think about the things to be paid, I set aside money first for the said jars. I am slowly increasing my psychological wallet and next time, literally increasing the amount I can set aside into my wallet.

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Posted in: Attitude

5 M's to Million Formula

Every day, we really wanted to earn millions. Some invest their time and life in working non-stop getting near to that amount. Some put their luck in betting in the lottery hoping that one day those numbers will appear and hit the jackpot. But there is a time and tested formula for these and it really needs an open mind and open heart to fulfill that million.

1. Mindset
          When I started in this quest, it is not just by want instead its a need. As all of you know, I am a single mom and living in a single income household so most of the times  I am living paycheck after paycheck. And also my valuable time with my kid also suffers because of working long hours. So one day, I decided that I will not forgo the things that really matters to me. Especially my family and the times I am spending with my loved ones. No one can replace the happiness that it can bring but it will make you feel guilty if you by yourself know that you are broke.

2. Mastery
          "Jack of all trades, master of none." Most of us are like that. We tend to master the art of multitasking. If we want to excel into something, we should focus to a single goal and hit the home run. Archers are trained to be like this. They tend to hit the same spot for a thousand times so that they can master how to hit the aim.

3. Mentor
           This is where we all lack. To have someone to guide us in our quest for our financial freedom. Luckily here in the Philippines, mentors are mentors are sprouting like wild mushroom that are willing and able to share their knowledge and not that selfish enough to give us hope that we are getting there. Currently, I am an avid follower of Bro. Bo Sanchez, Jomar Hilario and Trace Trajano. I am lucky that I have come across people like them for they are full of inspiration that they are willing to share their knowledge for newbies like me.

4. Mastermind Group
            This are people who share the same passion as you. If you are surrounded by pessimistic people, by chance you will be like one too. So choose the group or people you join to. For they will encourage and help you for the journey that you will be heading too. And they will be the best friends that you can have and they will give you the same insights and knowledge that you will undergo to.

5. Management
            If you tend to mismanage the millions that you earned, time will come you will end up broke again and go inside the cycle again. I prefer earning millions the hard and long way compared in earning them in an instant. The more and harder I earned it, the longer it will last in my hands.

Hope this things brought sunlight in your faces. I am noting this one by one and been telling all of my friends about it. If you got the mindset and lacking the four, nothing will change. Just follow all of this steps and you are near in reaching your millions.

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Posted in: Freedom Ideas