Tuesday, December 11, 2007

My Journey to Financial Planning

I started being aware of financial planning after I had a small chat with some officemates. We had a discussion on how they keep their money, how do they invest and how do they plan for the future.

At 1st I didn't mind them. i don't know if it is because of envy or I am guilty. Maybe, I am guilty of not thinking about the future and guilty of not saving. but i still believe that that discussion woke up something in me.

I started looking for the "Rich Dad, Poor Dad" book as per their recommendation. How unfortunate that NBS has no stocks. We're searched almost all of NBS branches, but we can't find any. But..thanks to EBAY!!! I was able to buy my 1st book. It was brand new but I sold it to my officemate for the same price including the shipping fee (wala ako tubo. she also benefited from it...mas mura sya kesa sa NBS )..because... I am buying a second hand book for a much lower price. Kuripot noh?! Hehehe.

It was my 1st book in personal finance. But to tell you the truth.... i haven't finish the book.... i don't know why.. bigla ako tinamad. But it really help me a lot. I learned to be aware of everything about money.

Then one time... I just found myself.... searching for a financial e-group. I also started reading blogs on personal finance. I learned also a lot from those e-group that I joined....kahit lurker lang ako. I can't join yet in the discussion.. . the terms are so technical. hahaha. ... ano daw yung ...equity fund..indexes... NAPV??? ..waah... still need to do a lot of researches.

Also...one day... I saw an officemate...browsing the net... she's opening the BPITrade site. i inquired about it and...... then... i just found myself again.... applying for a joint account with hubby.

Then another day.... i was buying this "PWEDE NA" book by Efren Cruz. I find this book better than Rich Dad, Poor Dad. it is based on Philippine setting. He used layman's term in this book which is beneficial to newbies like me. I was happy reading the book because I found out that even before I am on the right track. I just need more education. The 1st part of the book..challenged the reader to list down all her/his assets and liabilities. I have this few years ago and been maintaining it. However, the list in the book is more comprehensive... another learning for me. Hehehe.

Then.. one day... from another e-group (N@W).... I read about GMA-7 IPO. Got interested and PM'd Marie. I discussed this with hubby and he got excited about it too. In short.... we bought some shares. yah ... i know... the stock market is currently down but we're keeping our fingers cross..we're just a stock investor today and not yet a trader.....

Then....there was hibernation... i kept on listing all the money that come and go out of our pockets .... i do nothing... i just write them and look at them. hehehe... sometimes it is a success... we have extra... sometimes...it is a failure... we need to get some from savings... nevertheless.... we are still thankful for all our blessings. and like what i have read on all financial mags and books.... share the 10% no matter what... and the rest will follow.... this is so true. Thanks to HIM.

now.... i woke up again...just recently... here i go again... planning... counting the eggs... thinking of the future... and i do hope... i'll do better this time. ...

Sometimes... i feel the pressure... because i am the financial analyst while hubby is the World Bank :-D ... but..it's ok because he supports me. He supports my idea and my goal.... he knew that i just want a better future not just for us but for our children ( though they don't exist yet)...our family and our community.. may God continue to shower us with blessings and support us with our goal.... This is just the beginning... our 1st 1M is still a long long way to go.....


Pinoy Piso said...

They say that the journey towards financial independence isn't complicated. We only need time and discipline to accomplish such. Keep this blog running will yah ... ;D

Marie said...

I gotta say, Rich Dad, Poor Dad sucked. Well, it was a nice waker-upper but to gain any substantial knowledge in personal finance, I really liked Science of Getting Rich and Money for Life (free download at www.mariecasas.com) and all sorts of personal finance blogs. The guys at Pwede Na mailing are okay too but the group's dead now. Sigh. Now I just bought Die Broke and I'm reading "Your Money and Your Man". I have all kinds of personal finance books haha but only those that I can buy in paperback or in digital version or in bargain bookstores.