keeping patience

"patience is a virtue."

one of the things i've learned from playing Cashflow 101 Boardgame invented by best selling author and businessman Robert Kiyosaki is to be patient. be patient to wait for the proper time and opportunity before grabbing the most awaited "big deals" of the game. one needs the proper timing, enough resources, and good risk assessment before jumping in to any given opportunity.

patience defined

according to Wikipedia, "patience is the ability to endure waiting, delay, or provocation without becoming annoyed or upset, or to persevere calmly when faced with difficulties."

practical application

to reach my goal, to become a Christian millionaire in the near future, i need this important ingredient to success to help me work hard and persevere more.

as a businessman - i will market and find more subdealers for the newly improved Goldskin Placenta Soap, enriched with Papaya extract, Squalene and now with Vitamin E. it is also available with a new packaging and endorsed by actress Snooky Serna.

as a realtor - i will look patiently for more foreclosed properties and other for sale announcements within my area in Taguig. i need to focus on a certain radius to avoid inconvenience and hassle.

as an investor - since the stock market is so confused and still waiting on what will happen to the US economy and its adverse effect to the world as a whole, i will treat temporarily all my transactions as long term investment rather than short term.

the right opportunity will come to me and i will reach my goal, soon... so help me God.

my to-do list this 2008

here's my to-do list this 2008. better write it down so that i will not forget anything.

a. finances. this is inspired by Bo Sanchez' 8 Secrets of the Truly Rich.

1. to invest. during the last month of 2007, God bless us enough that made us think to start investing. we will divide our investment into two.

1.1 stock market. i've been playing the Stock Trading Game of the Philippine Stocks Exchange since november 2006. it's more than one year so i think it's about time for me to test the waters. though stocks are very volatile it is where the return rate is very high. i will consider the online trading.

1.2 mutual funds. we're currently looking for a mutual fund company that we can entrust our initial investment. if i don't succeed in my bid in the stock market at least in mutual funds our money is in good hands with the investment experts. we will include here the aguinaldos received by our two kids last Christmas.

2. to save. though my combined earnings with my wife is not that much, i think we can still allot some for our savings. this will serve as our emergency fund and at the end of the year we will add this to our investment

2.1 budget. we should put in writings all our expenses and allot our income just to make sure that our expenses would not exceed our combined monthly income.

2.2 prioritize. to minimize our expenses we will prioritize our buying according to its importance and our need.

action plan: from our net income (gross income less tax) i will take automatically 10% for our tithes, 10% for our investment and 10% for our emergency fund for a total of 30%. we will live within the remaining 70%. we can do it! ika nga, "kapag maikli ang kumot, matutong mamaluktot".

3. to explore. i will still look for other business opportunities that we can ride into to further boost our stock.

3.1 franchise. last year i won a Kettle Korn Negosyo Package from attending the Go Negosyo, Go Gobyerno at the Philippine Trade and Training Center, Pasay City. this year, i will claim my prize and try it.

3.2 foreclosed properties. i've read Robert Kiyosaki's Rich Dad, Poor Dad and Larry Gamboa's Think Rich, Pinoy! and Grow Rich, Pinoy! i also attended Larry's Think Rich, Pinoy! Workshop and played Cashflow 101 Boardgame last year. i've met new friends and future partners in this real estate business. hopefully, i can come up with my first property soon.

3.3 benefits. we will study how we can avail the products and services of different government institutions like the GSIS and PAGIBIG and use it to our advantage.

4. to ensure our future. no one really knows what lies ahead. only God knows. so whatever happens either we live longer or we live a short life we are insured. we will be at peace knowing that our loved ones will be financially secured. hopefully we still have enough savings for this.

b. service

1. my advocacy. as part of my service, i will continue my financial literacy advocacy for the poor and the youth--diskarte, Pinoy! i'll start with the members of the SFC in our chapter, to the different ministries and organizations in the parish, then to the different puroks and so on... so help me God. hehe

2. plan. we will schedule our planning workshop to plot our activities this year for the Singles for Christ (SFC) members in bicutan.

3. refresher. i will try to attend Bukas Palad Online Community Choir in EDSA Shrine to further improve my knowledge in singing and to learn new songs. i will try to echo it to the Angking Tanglaw Choir (ATC).

4. atc facelift. we will change the ATC into a music ministry. we will include the instrumentalists to serve during mass. live band tayo! hehe

c. family

1. less tv. television shows are so dominating that we became addicted to it. we should limit our watching time to give more attention to our kids, especially to my first born, nico.

d. others

1. drivers license. i will have my drivers license this year no matter what it takes. hehe.

to be continued...