Kwarta Milestone: One Year After
Wow. Time surely does fly fast. This blog had just turned 1 year! And it's almost an instinct to assess in retrospect what have I achieved so far... financially that is.
We've got lots of things going on in the world right now - with Japan quakes and nuclear threats at its doorsteps and all that (Nikkei is down by 10.55% today! ) and in effect threatening our market as well (and the world's in general). Despite all this, I've got a lot to celebrate about.
Exactly one year ago, I mentioned here how much I owe the credit card companies. I hardly could not believe what I read. A hundred and twenty thousand in credit. However you view it, it doesn't look good. I mean, REALLY?! Sadly yes, that much. It was sad but yeah it was a bit of reality that I was since trying to correct.
Fast forward to today. I had around almost the same amount, but this time, it's biased on the positive territories. That means I was able to wipe out that much of a debt and accumulated almost the same amount in equities and cash. I know it's not that much and it's still a long way to go. But by merely looking back of what I got a year ago and my position as of the moment, I could give myself a congratulatory hug. But I won't because that would make me an idiot really.
Probably one of the significant difference between now and then is that before, I used to look forward for the next payday in order to pay my debts on time and to supply my diminishing (in some cases, diminished) monthly budget. I was literally living paycheck to paycheck. But now, payday (e.g. today) is not much of a critical necessity as compared to before. The fact is 50% of my take home pay goes to my savings. That's something that financial advisers don't usually recommend. The fact is, I could live now with only 50% of my net salary and that's including all my indulgences (I have a new laptop by the way with deferred payment up to December this year. We all need some serotonin kick sometimes, right?).
To complete the whole renovating-myself thing, I transferred to a new company. The pay raise was not that significant but a whole new environment definitely helped a lot in in restructuring my perspective in things. I can't say I hated my previous company because I don't. I just needed something new. And so far, everything seems to fall into place.
Now I'd like to review my notes once again.
Debt wiped out. Checked. One hundred grand in cash and equities. Checked.
Next step. My first million pesos.
--
UPDATE: Sorry. I got my dates messed up. I started this blog 11th of April so that brings the effective anniversary next month. But hey, same thought.
We've got lots of things going on in the world right now - with Japan quakes and nuclear threats at its doorsteps and all that (Nikkei is down by 10.55% today! ) and in effect threatening our market as well (and the world's in general). Despite all this, I've got a lot to celebrate about.
Exactly one year ago, I mentioned here how much I owe the credit card companies. I hardly could not believe what I read. A hundred and twenty thousand in credit. However you view it, it doesn't look good. I mean, REALLY?! Sadly yes, that much. It was sad but yeah it was a bit of reality that I was since trying to correct.
Fast forward to today. I had around almost the same amount, but this time, it's biased on the positive territories. That means I was able to wipe out that much of a debt and accumulated almost the same amount in equities and cash. I know it's not that much and it's still a long way to go. But by merely looking back of what I got a year ago and my position as of the moment, I could give myself a congratulatory hug. But I won't because that would make me an idiot really.
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| My monthly SALN graph |
Probably one of the significant difference between now and then is that before, I used to look forward for the next payday in order to pay my debts on time and to supply my diminishing (in some cases, diminished) monthly budget. I was literally living paycheck to paycheck. But now, payday (e.g. today) is not much of a critical necessity as compared to before. The fact is 50% of my take home pay goes to my savings. That's something that financial advisers don't usually recommend. The fact is, I could live now with only 50% of my net salary and that's including all my indulgences (I have a new laptop by the way with deferred payment up to December this year. We all need some serotonin kick sometimes, right?).
To complete the whole renovating-myself thing, I transferred to a new company. The pay raise was not that significant but a whole new environment definitely helped a lot in in restructuring my perspective in things. I can't say I hated my previous company because I don't. I just needed something new. And so far, everything seems to fall into place.
Now I'd like to review my notes once again.
Debt wiped out. Checked. One hundred grand in cash and equities. Checked.
Next step. My first million pesos.
--
UPDATE: Sorry. I got my dates messed up. I started this blog 11th of April so that brings the effective anniversary next month. But hey, same thought.
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