Another Free Lunch

Hubby and I had another Free lunch c/o BPI. The charged slips we got from our purchases enabled us to have fish fillet lauriat and spicy pork mushroom rice for lunch. We just bought a large drink, vegetable soup and a 3-pc siomai. All in all, we just spent 79 pesos for a decent lunch. Not bad, huh.

But remember, enjoy your credit card perks but never be a victim of their high interest rate. Be wise!

QUOTE for the day (from Robert T. Kiyosaki):

Be careful with your words because it becomes flesh. And the flesh becomes your Future.

Goals for 2010 (REVB)

Hubby and I attended Bo Sanchez's Truly Rich Financial Coaching Seminar 2 weeks ago and we can say that it's all worth every cent. We'll be posting our realizations and lessons learned on a separate blog entry. For the meantime, see below for some revisions we made on our REVA Goals.

1. Maintain the # of Coop Share deduction for our Emergency Fund.
REVB
a. Reduce # of Coop Share Reduction for our planned monthly investments.
b. Withdraw a portion of our Coop shares for investments and business.

2. Create other Sources of Income thru business.
- Tshirt Printing. Need to attend TRC Training (FEB or MARCH) - Backlogged.
- Personalized item/Scrapbooking Need to know how to promote/ Advertise
- Food Business Add to 2011 Goal
Additional to our list:
- Study Real Estate Investing
- Milk Retailing - started last week. Goal is to get our daughter's milk for free.
- Check for our opportunities.

3.Attend Bo Sanchez Group's Seminars
- Truly Rich Financial Coaching - Couple - DONE!
- Investing in Real Estate - Hubby
- Internet Marketing- Me

4. Minimize our Expenses - No Change
- Limit Lunch out during weekdays
- Utilities- follow tipid tips for water, electricity
- Limit consumables by having a weekly plan the dishes to cook and create a schedule for laundry and ironing of clothes.

5. Additional Investments - Complete Re-write
- Mutual fund (40% of our Coop Withdrawal)
** 35% for our Retirement
** 5% for our Daughter's Educ Plan
- Stocks (35% of our Coop Withdrawal))
Where are the other 30%?
- 10% - Tithe
- 10% - Milk Retailing Business
- 5% - 3rd Year Payment of our VUL.

6. Insurances
- Renew our Fire Insurance - Broker tbd.
- Update Beneficiaries
- Check/Revew - Life insurance
- Get an Educuational Plan for our daughter - converted to MF investment.
- Get a Retirement Plan - will not pursue. Will get our Retirement funds from the investments today.

Quote for the Day....

Set Goals for your Money because others are already setting their Goals to get all your money.

- Some lessons learned from Truly Rich Finacial Coaching Program

Goals for 2010 (revA)

Hubby and I set our 2010 goals 2 days before year 2009 ended but was not able to blog it. It was the RevA. After the seminar we have attended last week, we come up to our REVB. Let me show you 1st our REVA:

1. Maintain the # of Coop Share deduction for our Emergency Fund.

2. Create Other Sources of Income thru business.
- Tshirt Printing - Need to attend TRC Training (FEB or MARCH)
-. Personalized items/Scrapbooking - Need to know how to promote/ Advertise
- Food Business - Add to 2011 Goal

3.Attend Bo Sanchez Group's Seminars
- Coaching - Couple
- Real Estate - Hubby
- Internet - Me

4. Minimize our Expenses
- Limit Lunch outs during weekdays
- Utilities- follow tipid tips for water and electricity.
- Limit consumables by having a weekly plan for the dishes to cook and create a schedule for laundry and ironing of clothes"

5. Additional Investments
- 25k mutual fund (will be from our Midyear Bonuses)
- 20k Top-up for VUL (from our Coop Dividends)
- 100k for bonds if there would be offerings (will withdraw some shares from coop)
- Stocks (Amount:TBD)

6. Insurances
- Renew our Fire Insurance - might get from Philam again. BDO proposal is not as good as Philam.
- Update Beneficiaries
- Check/Review getting a Life insurance
- Get an Educuational Plan for our daughter
- Get a Retirement Plan
* Contact our new Agent and sched a meeting.

GOODBYE 2009

This is a super late 2009 Goals Review. But it's better late than never. Our goal was supposed to be reviewed every quarter but was only able to do it for 2 consecutive quarter. You can see our 1st quarter review here. And here is our year end review.

1.After giving birth, transfer part of USD savings from BDO regular savings to PS Bank or China Bank TD. - GOOD: DONE. Not in PS Bank or China Bank but in Asia Trust because they have the higher interest rate.

2. Current EF is at 25%. By the end of the year, it should be more than 50%. GOOD. We initially accounted for the money we have in our regular savings account. We forgot about our savings in our coop. Combining the 2, we now have more than 50%.

3. Transfer part of our EF to either BPI Direct TD or China Bank TD (whichever have the higher interest). BAD: Not done.

4. Invest in Mutual Fund (PAMI and/or Phil EQ). BAD: Not done.

5. Increase investments in Philippine Stock Market. BAD: Not done.

6. Renew our insurances. Moderate: We renew only one of our insurances.

7. Get a HS and/or College Plan for our soon to arrive Baby or just increase our investments. Moderate: Backlogged. We haven't made up our mind if we'll get one because of the bad news that we're hearing on pre-need plan companies.

8. Keep our Company Stocks (Grants and ESPP) intact and wait for the up turn. GOOD: We're keeping them.

OUR SCORE:
Not bad at all. We have 3 good, 3 bad and 2 moderate. I will be posting our 2010 GOALs soon.

Attended " How to be Truly Rich Seminar"

Last Saturday, hubby and I attended this seminar conducted by Bo Sanchez. It is a good seminar especially to those who are just starting on financial literacy. He discussed some things that we already know but we still learned a lot from him. We are planning to attend other seminars or trainings like this in the near future and be on track again on our Journey to Financial Freedom.