Ready

"When the student is ready, the teacher arrives"

This is from one of my favorite authors Robert Fulghum and the context when he wrote it was about dogs. He used to hate dogs until a dog came to teach him how to love dogs. It sounds funny when I try to re-tell the story but that was something that remained etched in my memory.

I've been wanting to share more about how being a mother has totally changed my life. Constantly it reminds and teaches me about life more than any other experience. I've prayed for patience and now I realize that motherhood is one of the greatest teacher!

I thank God for my daughter!

More secrets

Because I am applying to be a member of God’s New Breed Of True Millionaires. I am praying to have this book real soon! 8 Secrets Of The Rich Who Believe That The Ultimate Purpose Of Wealth Is To Love.

Actually it is the long title of his new book according to author Bo Sanchez. To know more about why I am praying for this, please do take time to read this article from Bo's blog: Is it Possible to have the Wealth of a Millionaire And the Heart of a Monk?

Save

One of the things that I learned recently is that if you earn 100K a month and then your expenses are costing you 100K a month, then you are not rich. You are definitely poor. All millionaires are great savers.

I read somewhere that to be able to do this, we must change our way of thinking from "cash in, cash out" to "cash in, force savings, cash out".

I also read this interesting article on the Sunlife website:

How To Become A Millionaire

Almost anyone can be a millionaire. All you need is to have the discipline to regularly set aside a portion of your disposable money and place it a high-yielding instrument.

Now, just how long would it take for you to have P1M? There are three factors to consider: a) how much are you willing to set aside in month or a year, b) how much interest is money earning in the instrument of your choice, and c) how long are you willing to save.

The table below shows the number of years you need to reach P1M.

	Number of Years
Savings/Month	5yrs	10yrs	15yrs	20yrs	25yrs	30yrs	35yrs
P 1,000/mo or P 12,000/annum	90%	35%	19%	13%	9%	6%	5%
P 2,000/mo or P 24,000/annum	71%	25%	13%	7%	4%	3%	1%
P 3,000/mo or P 36,000/annum	59%	19%	8%	4%	1%	0%	0%
P 4,000/mo or P 48,000/annum	50%	15%	5%	0.5%	0%	0%	0%
P 5,000/mo or P 60,000/annum	43%	10%	2%	0%	0%	0%	0%
P 10,000/mo or P 120,000/annum	20%	0%	0%	0%	0%	0%	0%
P 15,000/mo or P 180,000/annum	5%	0%	0%	0%	0%	0%	0%
P 20,000/mo or P 240,000/annum	0%	0%	0%	0%	0%	0%	0%
RATE TO REACH P1M

At present, the most popular saving instrument is a time deposit account, which generates a gross interest of 8-9% p.a. or net interest of 6.4-7.2%p.a. However, if your timeframe is less than 15 years, you may want to look for an instrument where your money will have greater growth potential, such as stocks, bonds or mutual fund. However, before investing in any of these three instruments, one must first understand the risks involved in investing in equity, bond, and mutual fund, and accept that higher growth potential comes with greater risk.

Malot Oquendo

Source: http://www.sunlife.com.ph/mutualfunds/investmenttips2.asp

recalibrating

It has been a while since I shared my thoughts in this blog. Many things happened this past month and it seems that it is already Feb. and I haven't shared some of the most amazing things I learned.

January usually is the month when most people write resolutions. But as far back as I remember I think I only did that when I was in elementary. Usually, I just think of the possible things I can change for the better. But that was about it.

This month I read a couple of books that inspired me to "recalibrate" my life. I do not know why I am excited to do this because this kind of exercise is what we do annually at work. To have a plan and a goal. This is the very first time in a long while that I am wrote my goals. This is also the first time that I am more driven to be totally committed to action with the goals I've set out to achieve. It is amazing.

When I wrote a friend who is now for the meantime in the US, I told her my goal. And I was happily surprised by her response. I expected positive response but I received an affirmation:

I congratulate you sis for saying it, because "if you can't say it, you can't have it!"

There is so much power in that.

Ask and you shall receive! Matthew 21:22

a new year

small sparks of light are the brightest during the darkest nights!