Simple but not Easy

February 26, 2012 1 Comment


Just come to my senses, and realized that  Investing and Saving is simple but not easy.

In my quest for encouraging my fellow OFW to invest and save, I always say that investing and saving is simple but it never came to my senses and forgot to tell them that is not easy.

Actually, there is a big difference between simple and easy. When I say simple, it’s not really mean that it is easy.

Let’s say you are planning to invest an amount of 5000php every month. This plan sounds very simple, isn’t it?

But having the discipline of setting aside 5000php every month for investment is not that easy  because, putting this plan into work will require great discipline. I think no one will argue about it, actually it is easy to spend the 5000php for shopping rather than investing it.

I think this is the reason why only few people  are keen to investing and saving.

Anyway, every choice we make has an end result, and if we have a discipline to save and invest, the road to financial freedom is within our reach.

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Quote:

If you want to reach a goal, you must “see the reaching” in your own mind before you actually arrive at your goal.  – Zig Ziglar

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Filed under Financials, Inspirational Tagged with ,

Mr. OWEsome to Mr. Awesome

February 22, 2012 1 Comment


Every week days, waking up early and going to work is like a heavy burden. Actually, the one big reason that keeps me going or inspires me to go to work is the fact that I have to pay something. I have to pay for my house loan, for my kids school, for utility bills, insurance, foods, entertainment etc. etc.

Sometimes I called myself Mr. OWEsome. Why Mr. OWEsome?

I am Mr. OWEsome because, every time I get my paycheck I have to pay some that I owed.  Hate to admit it but it is true, and I think that I am not the only one living on a paycheck to paycheck scenario.

And with my 8 hours fixed income job as primary source of income, there is no other option but to work hard (even harder sometimes). Actually there is a huge difference between working because you need it, than working because you love it. But most of the time, we have to work because we need it.

Of course, I don’t want to live as Mr. OWEsome for the rest of my life, and I wanted to be free from my wage slave job.

I promised myself that few years from now my identity will change from being Mr. OWEsome to Mr. Awesome. (To give a short description of Mr. Awesome, he is a financially free person, who don’t work for money because money is already working for him.)

Easier said than done, but being Mr. Awesome takes a long and sometimes a painful process.

And how will I become Mr. Awesome?

By regularly investing mixed with disciplined spending, I am very optimistic that few years from now I could buy myself a freedom from my wage slave job and financial bondage.

Every time I imagine myself being free from a stressful corporate job , because I have an investment that can handle all my financial obligation is awesome.

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Filed under Financials, Inspirational Tagged with , , ,

Salary and Survival

February 12, 2012 Leave a comment


For more than a decade working in a corporate world, I have come to realized that working 8 hours a day to earn a wage is just for survival. No wonder why too many people works for the rest of their life not knowing that salary as fixed source of income is good only for surviving the day.

Of course, we need our wage slave income to pay for our expenses but there are other ways to have a healthy financial life. I think we should also need other source of passive income that will someday free us from this wage slavery.

Some may say that they are receiving an awesome compensation and the need for proper financial controls is not really necessary. Remember that it is not our salary that makes us wealthy, but it is our spending habit. Most of the time, successful professionals are no more likely than ordinary folks when it come to spending, because the rules governing the right financial controls are quite different from what we are used to learning at school.

Again, I would like to tell everyone that every small amount that pass in our hands is buying us financial freedom. These may be a freedom from our debt obligation, 8 hours job etc.

The concept of passive source income may sounds boring, but just imagined that you will no longer need to rely on your next paycheck to meet your expenses and if you work smart, you can make enough so you can buy everything that money buys. Passive income is all about creating alternative sources of income so that you do not have to work for the money – let the money work for you and make more money.

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Quotes:

All paid jobs absorb and degrade the mind. – Aristotle

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Filed under Financials Tagged with ,

Time To Acquire More Of JGS Stocks

February 6, 2012 3 Comments


JG Summit Holdings Inc. operates in the consumer foods, agro-industrial and commodity food products, and textiles industries. The Company also invests in real estate, manages hotel, and provides apartment management services. In addition, JG also provides banking and financial services, and invests in telecommunications, petrochemicals, and air transportation businesses. (source: Bloomberg)

Maybe some investors were surprised on the steep fall of the JG Summit stock price from 28.5php down to 25php. This is after a news that an affiliates of JG Summit Holdings (Ticker : JGS) sold 215 million common shares at 25php a piece.

Actually, the JGS affiliates who sells the stocks were not named.

Is it good or bad for this stock?

For me, I think this is good because it would increase the liquidity of this stock because of its higher public float. And with higher float, it only makes sense that this stock will be on the list of more traders.

Is it time to acquire more of this stock?

Of course, at the current price of 25php I found it attractive to add more position on this fundamentally sound stock. Just like the famous Warren Buffett said ” Be greedy when others are fearful, be fearful when others are greedy.”

With RLC (Robinsons Land Corp.), URC (Universal Robina Corp.), CEB (Cebu Air), Robinson Bank, and OPM on it’s portfolio, I think it was the most diversified conglomerates in the Philippines.

Also, we should keep in mind that this company is awash with cash after the sell of its telecommunication unit (Digitel Telecom) to the PLDT.  Sitting in cash, and with its sight now focus on venturing into infrastructure, the story of growth for JGS is not only promising but somehow compelling.

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Filed under Investment Tagged with ,