February 2011 ~ Journey Out of the Rat Race

I Want to Retire Rich

Financial freedom is everybody's dream. Having your own house, your own car, sending your kids in nice school and most of all retire rich while enjoying life's pleasure. For me I want to retire rich because it will give me the freedom that I need after I devoted almost half of my life working and most of all I don't want my son to worry about me, about my medicine, about my burial. I hope that you will be able to get some tips and insights from this blog. Join me as we become financially free. This is the chronicle of my journey, Journey Out of the Rat Race.

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Monday, February 28, 2011

Getting Started

6:56 PM

Frugal Mom

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What ever we do, what ever we say, there is always a reason behind it. I created this blog for the purpose of documenting my journey out of the rat race. I want to retire at the age of 45 and to be financially free. But first things first, how can I achieve those things. Theoretically, it is achievable. Just make the correct computations and assumptions, everything will be possible. But in practice, money doesnt grows on trees. Money earned hard are money well spent. I have given the following points in which serves as my guide in achieving my target. 1. How much money do you want in your pocket when you retire? - Basically Php 1 today will not be the same 10 or 20 years after because of inflation. According to Wikepedia, "Inflation is a rise in the general level of prices of...

Posted in: Freedom Ideas

Wednesday, February 23, 2011

Why I Want to Retire Rich

3:38 PM

Frugal Mom

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From the moment i finished the book Rich Dad Poor Dad by Robert Kiyosaki, I told myself that I will be like him. Earning Passive Income more than my expenses. As all of you know, I am a single mom with a kid and maintaining a single income household is not an easy task. I'm trying my best to make ends meet and I created this blog to record my journey getting out of the Rat Race. And also to share to you some facts and info I get from the journey that I am taking. If some of you not familiar what is Rat Race, it means living from payday to payday. If you are an employee like me, I expect all of my income will come from my salary which is given every 15th and 30th of the month. And making ends meet is really a tough job, much tougher than my usual 9-6 working hours. And I am making the move...

Posted in: Rat Race