Well, these days I am just barely managing my finances(not working does that i suppose...:) ) but I am surprisingly not worried at all. Not just because I have a hubbie who is taking up most of the load but I believe everything is for a time and there is a lesson in everything. Things can only look up and I am working on getting things to look up as well, not just waiting for it to happen.
However, it's crunch time for me today and for the next few days. I plan to make the time well worth it. I am saying my prayers and giving it my best shot. My friends who have exams now, will understand what this means and anybody who ever had exams.......
In the mean time I do realise I have plenty to be thankful for this season and I am praying Next Year brings some Blessings and continued Good Health to all my friends and family.......
All the best this season.....
Thursday, December 10, 2009
Tuesday, December 1, 2009
Losing sight of a goal
It's hard to keep my goal in sight when other things come along and make me go off track. Kind of when you start off doing one thing and end up doing something completely different , so your original chore is still left unfinished. Sometimes priorities are rearranged by force and that's just the way it is......
My goal was to write here every day(it keeps me sane too) but I have not been able to and I have gotten some really interesting opportunities in the mean time but i have also gotten side tracked from my original goal/s.
At least I can return here to still try and sort my head out but time here will still have to wait a bit for the next two weeks. I am hoping for a fruitful day tomorrow and hopefully the rest of the week.
Here's to a great week....I may check in before the end of the week again....
Cheers,J.
My goal was to write here every day(it keeps me sane too) but I have not been able to and I have gotten some really interesting opportunities in the mean time but i have also gotten side tracked from my original goal/s.
At least I can return here to still try and sort my head out but time here will still have to wait a bit for the next two weeks. I am hoping for a fruitful day tomorrow and hopefully the rest of the week.
Here's to a great week....I may check in before the end of the week again....
Cheers,J.
Wednesday, November 11, 2009
An interesting Blog I read
It's kind of hard getting back in the groove of this writing thing. However, I was just reading a blog from Million Dollar Journey and it really caught me. It was about an experience travelling and whilst on the trip her son got very ill.
My concern when we travel is if the kids fall ill and we have to take them to the hospital.What kind of insurance coverage should we have for the kids when travelling. Not to mention ourselves as well.
I remember falling ill in New York a few years back and it was in the early part of December. I could not eat or drink anything without bringing it back up. Eventually I had to be taken to the hospital and put on drips as I was seriously dehydrated. That costs quite a sum. So, naturally Insurance coverage for myself,hubbie and kids is a concern when we travel.
Another interesting thing is disability insurance. Although in my case I wonder if I could even get such a thing and from all accounts insurance companies are not really about covering things that are likely to happen. I say this as I am hard of hearing and I am not sure how they will evaluate premium payments and probabilities of this occuring.
The comments from Million Dollar Journey brought some interesting points though. One person brought up an interesting lists of considerations for people: The list included:
1.Travelling Insurance
2.Disability Insurance
3.Living Will and Power of Attorney
4. Letting a trusted family member know where these documents etc are......
So much for not knowing what to write about.........
My concern when we travel is if the kids fall ill and we have to take them to the hospital.What kind of insurance coverage should we have for the kids when travelling. Not to mention ourselves as well.
I remember falling ill in New York a few years back and it was in the early part of December. I could not eat or drink anything without bringing it back up. Eventually I had to be taken to the hospital and put on drips as I was seriously dehydrated. That costs quite a sum. So, naturally Insurance coverage for myself,hubbie and kids is a concern when we travel.
Another interesting thing is disability insurance. Although in my case I wonder if I could even get such a thing and from all accounts insurance companies are not really about covering things that are likely to happen. I say this as I am hard of hearing and I am not sure how they will evaluate premium payments and probabilities of this occuring.
The comments from Million Dollar Journey brought some interesting points though. One person brought up an interesting lists of considerations for people: The list included:
1.Travelling Insurance
2.Disability Insurance
3.Living Will and Power of Attorney
4. Letting a trusted family member know where these documents etc are......
So much for not knowing what to write about.........
Saturday, November 7, 2009
Back online
Well, I have been offline for the last two months and it felt like forever. This is just a short note to celebrate being back online.
I have been working and studying(not as much as I should be) and as people all over continue to feel the impact of the recession(as I certainly do) it's all about getting our dollars t stretch a little further.
Still racking my brain on what kind of business to start and my original idea just seems to have fallen flat for me. I know I do enjoy writing and maybe I can write articles and do research on financial topics of interest in helping others and myself included attain their financial goals.
Hmmm....I have a lot of things going on with me,with the kids and work etc but I think the best thing I could do for myself for 2010 is find an independent source of income...rather than working for somebody else.
I have been working and studying(not as much as I should be) and as people all over continue to feel the impact of the recession(as I certainly do) it's all about getting our dollars t stretch a little further.
Still racking my brain on what kind of business to start and my original idea just seems to have fallen flat for me. I know I do enjoy writing and maybe I can write articles and do research on financial topics of interest in helping others and myself included attain their financial goals.
Hmmm....I have a lot of things going on with me,with the kids and work etc but I think the best thing I could do for myself for 2010 is find an independent source of income...rather than working for somebody else.
Thursday, September 3, 2009
Independence Day
I must say this week has been difficult getting any writing done but it is to be expected. My body is just getting back into the system of work and now add to the equation school and nursery. The kids are at two different points whereas they were initially both at the same nursery, so dropping them and then heading to work was a breeze. It's going to take getting used to but it has to be done
That said, it has been a challenge getting anything else done, like studying or research on my interest of being an entrepreneur. I still have to get a Business Plan. I have the Business Idea(still not sure if that is a feasible idea) but hopefully the Business Plan will give me some idea of where it could go.
I really wanted to talk about Independence this week as my twin island republic celebrated 47 years of Independence from the UK. Still relatively young when compared to the First World countries like USA. However, I was thinking in terms of what it meant for me. Having my own source of income, owning my own home and being able to meet those basic needs we all have without having to be in the so called "Rat Race". It's the same with Independence for us as a Nation. Controlling our own resources, choosing our own leaders and deciding how our resources are channeled and developed. It is this same need I feel as an individual and I think as a nation and as a people we have not developed a mentality of entrepreneurship and independence. Although, the Government have several programmes now in place to change that view(like a Financial Literacy programme etc). These programmes seem almost reactive rather than proactive.
Maybe, as they say it's better late than never but the mentality change also starts at home.Whereas, my saving started from what my Mom taught me and that probably started with what her parents taught her and so it goes.
The gist of it all is the spirit of Independence and sometimes going out on a limb not knowing where it could lead but at least planning and trying to steer it in a direction that could be worth your while.
Cheers,J
That said, it has been a challenge getting anything else done, like studying or research on my interest of being an entrepreneur. I still have to get a Business Plan. I have the Business Idea(still not sure if that is a feasible idea) but hopefully the Business Plan will give me some idea of where it could go.
I really wanted to talk about Independence this week as my twin island republic celebrated 47 years of Independence from the UK. Still relatively young when compared to the First World countries like USA. However, I was thinking in terms of what it meant for me. Having my own source of income, owning my own home and being able to meet those basic needs we all have without having to be in the so called "Rat Race". It's the same with Independence for us as a Nation. Controlling our own resources, choosing our own leaders and deciding how our resources are channeled and developed. It is this same need I feel as an individual and I think as a nation and as a people we have not developed a mentality of entrepreneurship and independence. Although, the Government have several programmes now in place to change that view(like a Financial Literacy programme etc). These programmes seem almost reactive rather than proactive.
Maybe, as they say it's better late than never but the mentality change also starts at home.Whereas, my saving started from what my Mom taught me and that probably started with what her parents taught her and so it goes.
The gist of it all is the spirit of Independence and sometimes going out on a limb not knowing where it could lead but at least planning and trying to steer it in a direction that could be worth your while.
Cheers,J
Tuesday, September 1, 2009
Time,time,time.......
School has reopened and the time is now more precious than ever. Never mind it's just pre school for my son(can't believe he will be going to school already!). There will now be homework, supervision of it and not to mention a very active toddler racing to join her brother in everything(mostly the mischief kind).
ANyway, with time being so precious and I am still preparing for his first day this week, it means a very short blog and lots to complete tonight since i also have to work in the morning as well. It's a whole new term and it feels like that for me too since I have started something new as well. So I will understand if he has any nervous feelings.
Well, this week is turning out to be hectic as it is, so when things settle in I can refocus and get back to what my mission is about and how to go about it.
ANyway, with time being so precious and I am still preparing for his first day this week, it means a very short blog and lots to complete tonight since i also have to work in the morning as well. It's a whole new term and it feels like that for me too since I have started something new as well. So I will understand if he has any nervous feelings.
Well, this week is turning out to be hectic as it is, so when things settle in I can refocus and get back to what my mission is about and how to go about it.
Saturday, August 29, 2009
Being an entrepreneur
I have been talking to a few people and it seems this recession has certainly put people in a different frame of mind. Thinking in new ways and definitely embracing the idea of being an entrepreneur.
For example one person I spoke to is considering branching out into being a consultant,another wants to start his business as a sole trader and yet another already started the process of registering her business. I myself, having lost my job but even before that my mind has been intrigued with having my own business and doing something that I like.
Funny enough,it is only as I am typing this, I realize how much I enjoy writing this blog(or typing,if we want to be literal) and researching ideas about what topic to write on. It's something I enjoy and I make the effort to write as often as possible because it gives me a purpose and a sense of enjoyment.
Hmmm....so much for that. In researching I found there there is an online website called Entrepreneur with lots of valuable information. Firstly, when starting a business, a Business Plan is imperative before going anywhere. It's not just good enough to have a business idea and run with it(well, maybe run with it yes, but following the process it needs to succeed).
There is also a local body here called NEDCO(National Entrepreneurship Development Company) Limited. It is a State Owned Company set up to assist any citizen over the age of 18 in the start up or expansion of a small and micro enterprise in Trinidad and Tobago. This is where one of my friends went for information and started her process.
Another source for me is my brother. I can always ask him as well, since he is also trying to get his business off the ground. So, my plan is to tackle the Business Plan process and probably enlist my hubbie in that since he knows about Business Plans from his previous studies.
They say a recession is the best time to start a business.......I hope to find out.....
Cheers,J......
For example one person I spoke to is considering branching out into being a consultant,another wants to start his business as a sole trader and yet another already started the process of registering her business. I myself, having lost my job but even before that my mind has been intrigued with having my own business and doing something that I like.
Funny enough,it is only as I am typing this, I realize how much I enjoy writing this blog(or typing,if we want to be literal) and researching ideas about what topic to write on. It's something I enjoy and I make the effort to write as often as possible because it gives me a purpose and a sense of enjoyment.
Hmmm....so much for that. In researching I found there there is an online website called Entrepreneur with lots of valuable information. Firstly, when starting a business, a Business Plan is imperative before going anywhere. It's not just good enough to have a business idea and run with it(well, maybe run with it yes, but following the process it needs to succeed).
There is also a local body here called NEDCO(National Entrepreneurship Development Company) Limited. It is a State Owned Company set up to assist any citizen over the age of 18 in the start up or expansion of a small and micro enterprise in Trinidad and Tobago. This is where one of my friends went for information and started her process.
Another source for me is my brother. I can always ask him as well, since he is also trying to get his business off the ground. So, my plan is to tackle the Business Plan process and probably enlist my hubbie in that since he knows about Business Plans from his previous studies.
They say a recession is the best time to start a business.......I hope to find out.....
Cheers,J......
Thursday, August 27, 2009
Investing and Budgeting
Well, now that I am back to work, I face the challenge of my budget once again and seeing how I can make things happen. According to my aunt, just working for enough to pay the bills at the end of the month and still can't buy a car or buy a house. What's the point? Can't even take a nice vacation too or for the length of time i might want to.
That's what happens when you fail to make a plan. So, my plan is to save at least they say 10% of my salary(that is, pay yourself first) and then pay off bills etc. However, what if every last cent has to take care of living expenses and firm commitments such as loans etc....I thought of that and I believe I will have to adjust some of my living expenses(which would mean substituting and reducing all round) and try to save and invest in ways that if ever i am in a situation where i lose my job again i can have some form of income coming in and savings to pay my immediate bills if need be.
So, that's for starters. I will put aside the 10% and probably split it between a savings i cannot touch and another in which i can in the event of emergency purposes. From there I will work on the rest of my budget.
Sounds like a plan. I will update on how this goes. Keep myself always in touch with how my expenses are going and whether i am on the way to reaching my main goal in the small steps i am taking.
To remind myself....My main goals: Save for house,save for emergency,save to invest(stock market) and find another source of income.
Cheers,J.
That's what happens when you fail to make a plan. So, my plan is to save at least they say 10% of my salary(that is, pay yourself first) and then pay off bills etc. However, what if every last cent has to take care of living expenses and firm commitments such as loans etc....I thought of that and I believe I will have to adjust some of my living expenses(which would mean substituting and reducing all round) and try to save and invest in ways that if ever i am in a situation where i lose my job again i can have some form of income coming in and savings to pay my immediate bills if need be.
So, that's for starters. I will put aside the 10% and probably split it between a savings i cannot touch and another in which i can in the event of emergency purposes. From there I will work on the rest of my budget.
Sounds like a plan. I will update on how this goes. Keep myself always in touch with how my expenses are going and whether i am on the way to reaching my main goal in the small steps i am taking.
To remind myself....My main goals: Save for house,save for emergency,save to invest(stock market) and find another source of income.
Cheers,J.
Tuesday, August 25, 2009
Back to work
This is a short one. Long and short is, I am back to work although just for some training and it take plenty out of me already ! Whew! It was interesting though and although not entirely new the systems are different so it is something new to learn.
However, I am trying to combine it all with working,studying and pursuing my interest of entrepreneurship as well as investment and I am sure it's going to be a long road. Not to mention being a parent to two beautiful babes that can be quite a handful at times. So, with my plate getting increasingly full, I have to remember to take a breather for myself, nothing is perfect and my plans will not all work out"perfectly". There is no such thing, I will just be the best I can be(faults and all :) )
So here's to being back to work. For however long....this recession taught me that much at least......
Cheers,J.
However, I am trying to combine it all with working,studying and pursuing my interest of entrepreneurship as well as investment and I am sure it's going to be a long road. Not to mention being a parent to two beautiful babes that can be quite a handful at times. So, with my plate getting increasingly full, I have to remember to take a breather for myself, nothing is perfect and my plans will not all work out"perfectly". There is no such thing, I will just be the best I can be(faults and all :) )
So here's to being back to work. For however long....this recession taught me that much at least......
Cheers,J.
Monday, August 24, 2009
Corporate Governance
What is Corporate Governance? Hmmm...it is about the way in which organisations are run and who should control them- the Chairman,the Chief Executive and the Board of Directors, Shareholders or other Stakeholders such as employees.
With the number of scandals set off by several large companies that are supposedly following ethical standards and with the leading people at the head of the company turning a blind eye, if not condoning it, it really makes investment harder for the small investor.
However, I am hoping with the increased regulations and accountability and the repercussions for people like Madoff and those who "Made off" with other people's money that company's financial statements and their Chairman and Board's utterances will be something we can place some kind of trust in. That might be long in coming but it's heartening to see that people(Directors,CEOs,etc) are not getting away with their shenanigans(a mild word in proportion to their deeds). I absolutely agreed with ths stance President Obama took on those shameless executives regarding the bailout.
It is nerve wracking when you think about investing money in the market and there is the possibility you might lose all. Then again, at home here, I have my Insurance with a huge conglomerate and they declared bankruptcy and the Government had to step in. Of course, it's the same mismanagement and greed that lead to the downfall and while the big guns get paid handsomely (for what, I don't exactly know), the rest of us are left reeling from their dishonesty and greed.
The trouble with all this, hope springs eternal and their are lessons to be learnt. When it sounds too good to be true, it usually is. I think I will still invest but naturally not everything will be going to the stock market and I will be cautious how I spend and I suppose that would be everybodys refrain now. However, for the economy to get that boost, it must come from us, by spending.
So, hopefully that thing called Corporate Governance and Ethics would all become part of the culture of organizations and those coming up the ladder of success will pay attention to the history of the financial market and these things won't be repeated.
So long,J
With the number of scandals set off by several large companies that are supposedly following ethical standards and with the leading people at the head of the company turning a blind eye, if not condoning it, it really makes investment harder for the small investor.
However, I am hoping with the increased regulations and accountability and the repercussions for people like Madoff and those who "Made off" with other people's money that company's financial statements and their Chairman and Board's utterances will be something we can place some kind of trust in. That might be long in coming but it's heartening to see that people(Directors,CEOs,etc) are not getting away with their shenanigans(a mild word in proportion to their deeds). I absolutely agreed with ths stance President Obama took on those shameless executives regarding the bailout.
It is nerve wracking when you think about investing money in the market and there is the possibility you might lose all. Then again, at home here, I have my Insurance with a huge conglomerate and they declared bankruptcy and the Government had to step in. Of course, it's the same mismanagement and greed that lead to the downfall and while the big guns get paid handsomely (for what, I don't exactly know), the rest of us are left reeling from their dishonesty and greed.
The trouble with all this, hope springs eternal and their are lessons to be learnt. When it sounds too good to be true, it usually is. I think I will still invest but naturally not everything will be going to the stock market and I will be cautious how I spend and I suppose that would be everybodys refrain now. However, for the economy to get that boost, it must come from us, by spending.
So, hopefully that thing called Corporate Governance and Ethics would all become part of the culture of organizations and those coming up the ladder of success will pay attention to the history of the financial market and these things won't be repeated.
So long,J
Thursday, August 20, 2009
Meeting commitments
What a day! In trying to meet my commitments for the balance of the year I need to access my funds that I saved to do so but according to the folks that be I must wait a period of two to sixty days. Now, what sense does that make??? I mean the whole point of it is to be able to access it when you need it and on top of that I have to pay a fee too!! It is the craziest thing!
The good thing about it, is the inaccessibility of it allows you not to touch it for frivolous reasons. However, I don't expect to have a two month period to wait for access of my funds. Truth be told, there goes the credit union movement down the drain. I doubt very much I will want to continue with this account. I may withdraw everything and close my account and put my small change elsewhere. This is entirely disgusting!
Apart from the above my day was quite busy. I did not get to do all the things I needed to do but it was not entirely unproductive. Tomorrow is another busy day. I have to make sure things are all set for my son's first day of school(camera battery and camcorder charged among the other important things of course, such as uniform,shoes,socks,bag etc). Exciting days ahead. Good thing I thought ahead and organized these issues way before i lost my job. My husband is quite happy he doesn't even have to think about since we dealt with it earlier.The real challenge will be next year when I really would need to have some kind of steady job to meet commitments.
It's just a matter of seeing where things go from here but I am optimistic and the only way to look, is up(when you are down :)
Cheers...
The good thing about it, is the inaccessibility of it allows you not to touch it for frivolous reasons. However, I don't expect to have a two month period to wait for access of my funds. Truth be told, there goes the credit union movement down the drain. I doubt very much I will want to continue with this account. I may withdraw everything and close my account and put my small change elsewhere. This is entirely disgusting!
Apart from the above my day was quite busy. I did not get to do all the things I needed to do but it was not entirely unproductive. Tomorrow is another busy day. I have to make sure things are all set for my son's first day of school(camera battery and camcorder charged among the other important things of course, such as uniform,shoes,socks,bag etc). Exciting days ahead. Good thing I thought ahead and organized these issues way before i lost my job. My husband is quite happy he doesn't even have to think about since we dealt with it earlier.The real challenge will be next year when I really would need to have some kind of steady job to meet commitments.
It's just a matter of seeing where things go from here but I am optimistic and the only way to look, is up(when you are down :)
Cheers...
Wednesday, August 19, 2009
Working with what you have
Talking to a friend who is in a similar position as myself(he has no job) i am reminded of how tough it is not having a source of income. It is really a point where anything, no matter how small it may be or cheap, if it is not an absolute need, you have to do without.
Not only that, i just finished reading an article on msn money, where they reminded me as well why the small investors like myself have a hard time participating in the stock market. The big guns it seems protect themselves with insider info and not to mention the blurring of fiduciary duties by those who hold office and probably know that some of the risks are bad anyway. It's a scary world, this investing market.......
The best thing I can do for myself is to keep informed and really push for minding my own business(the best investment is myself right?).....
In the meantime it's humbling not having a job and now i get to spend time pursuing my interests and thanking the good Lord for the support i have in my hubbie.......nothing bad is forever and nothing good is either, so it's just a matter of appreciating what you have now.....work will probably consume me soon enough anyway, i'll enjoy the free time...
Cheers....
Not only that, i just finished reading an article on msn money, where they reminded me as well why the small investors like myself have a hard time participating in the stock market. The big guns it seems protect themselves with insider info and not to mention the blurring of fiduciary duties by those who hold office and probably know that some of the risks are bad anyway. It's a scary world, this investing market.......
The best thing I can do for myself is to keep informed and really push for minding my own business(the best investment is myself right?).....
In the meantime it's humbling not having a job and now i get to spend time pursuing my interests and thanking the good Lord for the support i have in my hubbie.......nothing bad is forever and nothing good is either, so it's just a matter of appreciating what you have now.....work will probably consume me soon enough anyway, i'll enjoy the free time...
Cheers....
Tuesday, August 18, 2009
Observing the Market and my portfolio
From my Title you would believe I was this filthy rich investor. The reality is I am quite the opposite and not even a real investor but I can pretend to be :)
Anyway, I keep track of how my stocks are doing and so far they are all in the red which is'nt good but that's to be expected. I am looking to see how it goes in the long run.It's a good opportunity to buy stocks if your house is in order.
So far my new picks are JNJ and Coca Cola.
I looked at Coca Cola's financials and they seem to have a high level of debt but their cash just about covers it. Their current ratio is 1.2 which is good but their Quick ratio is 0.39. I believe a Quick Ratio of 1 is usually the best. However, I still purchased because of the fact that Coca Cola has a patent for it's product and cannot be easily copied.
For that same reason I would look into pharmaceuticals as well for investing.
Hmmm.....still have some catching up to do with other Blogs....checking out Bloomberg channel too for stock info and investopedia tools to learn some more ......
Anyway, I keep track of how my stocks are doing and so far they are all in the red which is'nt good but that's to be expected. I am looking to see how it goes in the long run.It's a good opportunity to buy stocks if your house is in order.
So far my new picks are JNJ and Coca Cola.
I looked at Coca Cola's financials and they seem to have a high level of debt but their cash just about covers it. Their current ratio is 1.2 which is good but their Quick ratio is 0.39. I believe a Quick Ratio of 1 is usually the best. However, I still purchased because of the fact that Coca Cola has a patent for it's product and cannot be easily copied.
For that same reason I would look into pharmaceuticals as well for investing.
Hmmm.....still have some catching up to do with other Blogs....checking out Bloomberg channel too for stock info and investopedia tools to learn some more ......
Friday, August 14, 2009
Feeling like the market....up and then down
Things are a bit slow and I am not sure what I want to write about. I have not been able to study as much as I would like as my days are filled with doing a lot of other things like going to pay bills etc. So I think I may get with the program of paying for it online instead of hustling here and there to do it. Save plenty of time.
However, i am keeping a track of the market and how my stocks are doing on Investopedia. Doing some research on my ratios when I am finished here(related to my studies anyway). So, kill two birds with one stone.
There are a few blogs that i follow as well but just do not have the time to read them all, so i select those with topics interesting to me. For instance, Dividend Growth Investor write about different companies and their prospects. I also read Million Dollar Journey(i like this one more). She gives financial advice and takes questions from the general public and give financial advice.It's quite interesting.
The best blog however, is Ryan runs Europe. He is running through Europe for the Summer of 2009 and he has no place to stay and depends on the kindness of people he meets along the way to give him a place to sleep for the night. It is totally risky and daring and he always has interesting encounters. We all wish we could probably do this at some point in our lives(not necessarily running).Some people just take a year to visit Europe or wherever and live as they please and then it's back to the rat race of working,paying bills etc...I certainly don't have that luxury but i could dream....
Yeah, right....back to reality. I better start doing my list of things and really get this show on the road. See where my investing games and ratios take me back to the books...oh yes, and get some washing done too.....
I gone...
However, i am keeping a track of the market and how my stocks are doing on Investopedia. Doing some research on my ratios when I am finished here(related to my studies anyway). So, kill two birds with one stone.
There are a few blogs that i follow as well but just do not have the time to read them all, so i select those with topics interesting to me. For instance, Dividend Growth Investor write about different companies and their prospects. I also read Million Dollar Journey(i like this one more). She gives financial advice and takes questions from the general public and give financial advice.It's quite interesting.
The best blog however, is Ryan runs Europe. He is running through Europe for the Summer of 2009 and he has no place to stay and depends on the kindness of people he meets along the way to give him a place to sleep for the night. It is totally risky and daring and he always has interesting encounters. We all wish we could probably do this at some point in our lives(not necessarily running).Some people just take a year to visit Europe or wherever and live as they please and then it's back to the rat race of working,paying bills etc...I certainly don't have that luxury but i could dream....
Yeah, right....back to reality. I better start doing my list of things and really get this show on the road. See where my investing games and ratios take me back to the books...oh yes, and get some washing done too.....
I gone...
Wednesday, August 12, 2009
Playing the Investing Game
I have at least started back my Investopedia game but I am struggling to make time to follow the market and keep tabs on companies I like.Since I don't plan to buy and sell like crazy, I thought I would research a few companies I like(meaning those products I use eg Coca Cola and Johnson and Johnson) and see whether their financials look encouraging enough to purchase a few of their stocks.
It also means reviewing ratios and understanding their meanings and what it means for the company. I will be looking at the PE ratio,liquidity ratio,gearing ratio and Price Earnings to Growth ratio. I have my book with ratios reminding me of their calculations and what it means. I expect it will be easy once I get back into ratios. I will also look at other factors such as their Corporate Governance and their environmental and ethical stance.
The good thing is. Companies trading publicly have their financials available to the public as well as their Chairman's report and Corporate Governance stance.
There are a lot of things I don't know about the stock market but this is a great way to learn(through playing the game on Investopedia) and it should help me in the near future when I do start investing in the stock market.
It also means reviewing ratios and understanding their meanings and what it means for the company. I will be looking at the PE ratio,liquidity ratio,gearing ratio and Price Earnings to Growth ratio. I have my book with ratios reminding me of their calculations and what it means. I expect it will be easy once I get back into ratios. I will also look at other factors such as their Corporate Governance and their environmental and ethical stance.
The good thing is. Companies trading publicly have their financials available to the public as well as their Chairman's report and Corporate Governance stance.
There are a lot of things I don't know about the stock market but this is a great way to learn(through playing the game on Investopedia) and it should help me in the near future when I do start investing in the stock market.
Monday, August 10, 2009
New Week, so new things to look forward to
Monday morning and I was supposed to start a new job today, however, that has'nt panned out so that makes room for other things.
This morning I started back my studying and in earnest and I have some catching up to do tonight as well, so this is going to be short.
Tomorrow morning I will make the time to research a few companies I am interested in and start back following the market as I used to. Since I have no real money to participate I can pretend on Investopedia.
I had an interesting conversation with my brother tonight. He has always been entrepreneurial and he is in a great position to have that spirit. As he said, not being married and no children, some of the decisions he made(where he left jobs without anything else lined up) would only be suitable when living the single life. On the other hand there are people married and with children who decide they need to work for themselves or they are thrust in a position where they either do it on their own or simply starve.
So, maybe i have the entrepreneurial spirit like my brother and I can pick up and do things just as he did.
Hmm.....that's something for me to think about. However, I better call it a night. I have to cook in the morning for the little lady and young man will be going out for lunch. So much for that and I have some reading to catch up on.......
This morning I started back my studying and in earnest and I have some catching up to do tonight as well, so this is going to be short.
Tomorrow morning I will make the time to research a few companies I am interested in and start back following the market as I used to. Since I have no real money to participate I can pretend on Investopedia.
I had an interesting conversation with my brother tonight. He has always been entrepreneurial and he is in a great position to have that spirit. As he said, not being married and no children, some of the decisions he made(where he left jobs without anything else lined up) would only be suitable when living the single life. On the other hand there are people married and with children who decide they need to work for themselves or they are thrust in a position where they either do it on their own or simply starve.
So, maybe i have the entrepreneurial spirit like my brother and I can pick up and do things just as he did.
Hmm.....that's something for me to think about. However, I better call it a night. I have to cook in the morning for the little lady and young man will be going out for lunch. So much for that and I have some reading to catch up on.......
Friday, August 7, 2009
Busy Week
What a busy week!! I had an interview this week and I also have a job prospect starting next week(not too sure yet) which meant that I had to hurry and clear up as much of my schedule as possible this week. Left me very little time to study,write or do some research.
My last post was about the competition on Investopedia. For me to be serious about this as though it were my money, I plan to rise and shine earlier to get some research on companies and learn as much as I can about investing. I am hopefully going to try and make it real as well, try investing in real companies with real money(hmmm....). Also, I will review the Ratios that help to gauge a company's performance in certain areas.
Now, when you think about it, how will I have money to do it especially not having a job? The thing I've learnt(a little late though). Usually, when I get paid my salary I follow the principle of paying myself first, which is fine. However, it was simply saved in an ordinary account and I did not have my money working for me, rather i was just working hard for the money. So, my plan is, I can put aside a proportion of my money and of that proportion save towards a starting amount for investing.Makes it relatively safe in that I am not using the money allocated to living expenses. While this may mean I may not be able to take advantage of something now for now on the market that's okay, I am looking to invest for the long haul and hopefully gain something in the future. It's not about making quick returns in the shortest possible time for me.
There are so many tools out there to help with investing, I wish I had started earlier instead of shying away from it.
That's something to work towards and I look forward to it.
My last post was about the competition on Investopedia. For me to be serious about this as though it were my money, I plan to rise and shine earlier to get some research on companies and learn as much as I can about investing. I am hopefully going to try and make it real as well, try investing in real companies with real money(hmmm....). Also, I will review the Ratios that help to gauge a company's performance in certain areas.
Now, when you think about it, how will I have money to do it especially not having a job? The thing I've learnt(a little late though). Usually, when I get paid my salary I follow the principle of paying myself first, which is fine. However, it was simply saved in an ordinary account and I did not have my money working for me, rather i was just working hard for the money. So, my plan is, I can put aside a proportion of my money and of that proportion save towards a starting amount for investing.Makes it relatively safe in that I am not using the money allocated to living expenses. While this may mean I may not be able to take advantage of something now for now on the market that's okay, I am looking to invest for the long haul and hopefully gain something in the future. It's not about making quick returns in the shortest possible time for me.
There are so many tools out there to help with investing, I wish I had started earlier instead of shying away from it.
That's something to work towards and I look forward to it.
Monday, August 3, 2009
Monday Morning Blues
Who would think I could be having Monday morning blues! In August to boot. The roads are clear and it's simply camp time,nursery time and my time.
The morning started off late. The kids got up late and I had to get them moving and eating some breakfast. After dropping them off to their respective places, I thought I should go and drop off some documents I had for the blood bank(not really the blood bank, but close,the Tax ollectors :) ).
Unfortunatly, they had a bomb scare, so I will have to make another day for that. Time wasted.
It's good that I have some time on my hands. I got a whole lot of personal things sorted out(even my chest of drawers look better;).....)
Anyway, I am also looking at Investopedia's Simulator to practice investing. They give an imaginary amount of money for you to invest with and see what you can do. It's a competition actually and you research the companies you are interested in and you purchase stocks in those that meet certain criteria. For instance I look at the amount of debt and liquidity(cash) of a company. There is also the Price Earnings Ratio or Return on Equity.
The morning started off late. The kids got up late and I had to get them moving and eating some breakfast. After dropping them off to their respective places, I thought I should go and drop off some documents I had for the blood bank(not really the blood bank, but close,the Tax ollectors :) ).
Unfortunatly, they had a bomb scare, so I will have to make another day for that. Time wasted.
It's good that I have some time on my hands. I got a whole lot of personal things sorted out(even my chest of drawers look better;).....)
Anyway, I am also looking at Investopedia's Simulator to practice investing. They give an imaginary amount of money for you to invest with and see what you can do. It's a competition actually and you research the companies you are interested in and you purchase stocks in those that meet certain criteria. For instance I look at the amount of debt and liquidity(cash) of a company. There is also the Price Earnings Ratio or Return on Equity.
Thursday, July 30, 2009
Exercising,studying,job hunting and recession woes,
Finally !!!! I started back exercising....and at home to boot. No extra costs, no gym fees. We already have an elliptical so it's easy to just get on and start. What more could I ask for. I did twenty minutes on it and I felt invigorated! It was hard though, after such a long layoff. Maybe I can prepare to run a marathon again soon. Maybe not next year but certainly the following year might be a possibility(God willing of course).
So much for that. I have also been lapsing a bit with my studies and I really need to keep that on track because I have plenty of time to get that in order and I have to pass, no question.So, I will readjust my time table to complete the chapters and make plenty room for past paper questions.
Okay, that is my plan when I leave here.
On the financial front though. Things still look bleak but at least I can still last until December and hopefully before that I would have either gotten a job or in the process of doing something productive. I feel like I am between a rock and a hard place though. It would be ideal for me to find a job come January rather than this year. It would give me a huge chance of passing the exams without having to worry about heading to work,plus there is school for the kids and finding time to study while I am working. That is really the toughest but If that is how I have to do it, I guess i won't have a choice.
Funny thing though. Talking to a friend of mine who is actually working, she wants to leave her job to focus on something she loves but unfortunately cannot because she is in so much debt and needs the steady income to meet those commitments. She admits blowing a good deal of money and now finds herself in a lot of debt. I think that's the story for quite a few of us.Although, i beg to differ, maybe because of my accounting background(i know quite a few accountants who live paycheck to paycheck though) and my family background of saving. Also, I tried to reign in my credit card expenditure and sticking to cash. It meant doing without a few things and sticking to the necessities and using some imagination when it comes to preparing snacks and food for the family. Waste is just not an option.
So, for those who think the recession is not a reality, think again..........I am sure we have all been affected in some way. Some more than others but it's there......
So much for that. I have also been lapsing a bit with my studies and I really need to keep that on track because I have plenty of time to get that in order and I have to pass, no question.So, I will readjust my time table to complete the chapters and make plenty room for past paper questions.
Okay, that is my plan when I leave here.
On the financial front though. Things still look bleak but at least I can still last until December and hopefully before that I would have either gotten a job or in the process of doing something productive. I feel like I am between a rock and a hard place though. It would be ideal for me to find a job come January rather than this year. It would give me a huge chance of passing the exams without having to worry about heading to work,plus there is school for the kids and finding time to study while I am working. That is really the toughest but If that is how I have to do it, I guess i won't have a choice.
Funny thing though. Talking to a friend of mine who is actually working, she wants to leave her job to focus on something she loves but unfortunately cannot because she is in so much debt and needs the steady income to meet those commitments. She admits blowing a good deal of money and now finds herself in a lot of debt. I think that's the story for quite a few of us.Although, i beg to differ, maybe because of my accounting background(i know quite a few accountants who live paycheck to paycheck though) and my family background of saving. Also, I tried to reign in my credit card expenditure and sticking to cash. It meant doing without a few things and sticking to the necessities and using some imagination when it comes to preparing snacks and food for the family. Waste is just not an option.
So, for those who think the recession is not a reality, think again..........I am sure we have all been affected in some way. Some more than others but it's there......
Tuesday, July 28, 2009
Plans,Plans,Plans
Hmm...seems like Plans are just made to be deviated from. I did not do anything I was supposed to do today. It's not so bad though, I got some other things done that I didn't plan on.
However, I have to adjust myself and do what I really needed to do, later, after I put the kids to bed. Another thing on my agenda is to start back exercising(although the way I have been going, I think I am more than making up for the exercise that i am supposedly not getting).I just seem to be doing quite alot with my day and I thought I would be bored.
Anyway, my later involves studying and completing as much of the work that I need for December exams and that is only one subject. I have to start the other subject soon. More on that at another time.
In the meantime I have lots of other things to deal with(like, bills,bills,bills).
I also found a website called LayoffMoveon.You can just about guess what it's about. Those of us who have been laid off and looking for jobs or starting a business. A lot of people are out there either glad for the new opportunity to pursue a passion and then there are those who are just depressed and searching for an outlet and support from others experiecing the same thing. It's not a site to whine on , they also offer interview tips and ways of getting back on your feet. Quite interesting. Think i would keep checking it to see what I can learn from it.
However, I have to adjust myself and do what I really needed to do, later, after I put the kids to bed. Another thing on my agenda is to start back exercising(although the way I have been going, I think I am more than making up for the exercise that i am supposedly not getting).I just seem to be doing quite alot with my day and I thought I would be bored.
Anyway, my later involves studying and completing as much of the work that I need for December exams and that is only one subject. I have to start the other subject soon. More on that at another time.
In the meantime I have lots of other things to deal with(like, bills,bills,bills).
I also found a website called LayoffMoveon.You can just about guess what it's about. Those of us who have been laid off and looking for jobs or starting a business. A lot of people are out there either glad for the new opportunity to pursue a passion and then there are those who are just depressed and searching for an outlet and support from others experiecing the same thing. It's not a site to whine on , they also offer interview tips and ways of getting back on your feet. Quite interesting. Think i would keep checking it to see what I can learn from it.
Monday, July 27, 2009
Post Birthday
Birthday plans for my son went well! He enjoyed himself and his gifts and loved his spider man birthday cake and i was able to keep things at a decent price. It cost just over 100USD. To be exact 108USD. It was good keeping things at a reasonable level and still getting gifts that he would enjoy. He loves books,puzzles and his Dad got him a construction crew outfit with tool belt and tools, the works...he loved it!
So much for that. The job hunt is still on for me and I am also working on minding my own business as well. Nothing fruitful as yet, however, there is always work to be done.I have to continue my studying and prepare myself for exams in December. I relaxed a bit because the birthday plans and the little family lime took a little bit out of me. This week however, i feel rejuvenated and I am ready to start the ball rolling.
For the morning I have done a lot already. I paid a few bills with what money I have left :) and thankfully I am conservative in my use of my phone and other utilities.
I am ready to start my work......
Have a great day!
So much for that. The job hunt is still on for me and I am also working on minding my own business as well. Nothing fruitful as yet, however, there is always work to be done.I have to continue my studying and prepare myself for exams in December. I relaxed a bit because the birthday plans and the little family lime took a little bit out of me. This week however, i feel rejuvenated and I am ready to start the ball rolling.
For the morning I have done a lot already. I paid a few bills with what money I have left :) and thankfully I am conservative in my use of my phone and other utilities.
I am ready to start my work......
Have a great day!
Tuesday, July 21, 2009
Birthdays etc
My son's birthday is coming up, in fact it's tomorrow and naturally because of changed circumstances(no job) it will be scaled back a bit. Thankfully a 3 year old's wish list consist of balloons,a watch,something to blow bubbles and play doh. Usually celebrations are at home and at his nursery, i would send a cake and ice cream and loot bags. Simple enough but could still be a pretty penny.
So, this time we will just have the celebration at home with cake and ice cream and of course balloons! Balloons is a must for him and i am sure he will have fun and some of his fave music too!
Simple things please simple minds and he is so sweet(when he is ready) about alot of things i wish i could give him a lot more but i think just having his family around will be enough for him and of course his little gifts......it should all come under $100....i hope, i have no choice anyway, that is what i budgeted for......
So, this time we will just have the celebration at home with cake and ice cream and of course balloons! Balloons is a must for him and i am sure he will have fun and some of his fave music too!
Simple things please simple minds and he is so sweet(when he is ready) about alot of things i wish i could give him a lot more but i think just having his family around will be enough for him and of course his little gifts......it should all come under $100....i hope, i have no choice anyway, that is what i budgeted for......
Saturday, July 18, 2009
Being Average or being extraordinary
Funny thing happened tonight. Based on my last entry, the last thing I said went along the lines of me stopping the vegging in front of the tv and doing more worthwhile things. Tonight, as I was on Facebook, there is this girl talking about Mental Toughness and being extraordinary and moving away from being average. The very thing she mentioned was to stop watching so much tv and the reality tv and making your own reality happen for you(dreams etc) by working on you.
It just seems like inspiration just when I need it most. She also mentioned that she reads more,prays more does a lot more positive things to help her reach her dreams.
I think I will listen to her again and adopt some of those very ideas. Post notes around me to inspire myself as well and keep reaching for the stars.
It just seems like inspiration just when I need it most. She also mentioned that she reads more,prays more does a lot more positive things to help her reach her dreams.
I think I will listen to her again and adopt some of those very ideas. Post notes around me to inspire myself as well and keep reaching for the stars.
Friday, July 17, 2009
Hind sight
Isn't hindsight something else. The dictionary meaning of hind sight "recognition of the realities,possibilities or requirements of a situation,event,decision etc after it's occurence".
The stark reality will now be facing me in the coming months now that i have to use my savings and not much else in the way of steady income to help with living expenses. It is at this time I wished I had invested in other ways other than saving to help me in the event of not having a job.
The question arises what would I or should I have done differently? I certainly know my goals and objectives are to ensure a pension in the long run, have my own home,provide for my children's tertiary education and have an independent source of income through investments.
Now my thinking is to have an Independent source of income that pays for those objectives. Hmmm...is that realistic? It is possible ....
To do that I thought investing in the Stock Market was great idea to help facilitate that. However, the problem with that, the businesses on the stock market are run by Managers and Executives and I would'nt have any real input.It is only by studying the intricacies of their financials and looking at how they do business can I say for sure I would invest in a particular business. I don't expect it to be a get rich quick scheme but something for the long haul.
While there are risks and uncertainties in any kind of investment. I wish I had taken the time to invest in the stock market alongside learning about it. Also, now is the ideal opportunity for me to start my own business and I could have probably explored that while I was working for my company(of course, not on their time but on my own personal time).
Such is the lessons of life. You live and you learn. I am cautious by nature and would'nt want to invest in anything too risky but when you are busy working and running around doing everything, you need to slow down at some time and take stock of some things. Not just your spiritual but also your finances,children and guardianship and ensuring things are in place as much as possible in the event of death(and that is a surety). However, it's a tall order given that everybody usually puts that on a backburner. Hmmm...no more vegging in front of the tv when I could do something worthwhile.......
The stark reality will now be facing me in the coming months now that i have to use my savings and not much else in the way of steady income to help with living expenses. It is at this time I wished I had invested in other ways other than saving to help me in the event of not having a job.
The question arises what would I or should I have done differently? I certainly know my goals and objectives are to ensure a pension in the long run, have my own home,provide for my children's tertiary education and have an independent source of income through investments.
Now my thinking is to have an Independent source of income that pays for those objectives. Hmmm...is that realistic? It is possible ....
To do that I thought investing in the Stock Market was great idea to help facilitate that. However, the problem with that, the businesses on the stock market are run by Managers and Executives and I would'nt have any real input.It is only by studying the intricacies of their financials and looking at how they do business can I say for sure I would invest in a particular business. I don't expect it to be a get rich quick scheme but something for the long haul.
While there are risks and uncertainties in any kind of investment. I wish I had taken the time to invest in the stock market alongside learning about it. Also, now is the ideal opportunity for me to start my own business and I could have probably explored that while I was working for my company(of course, not on their time but on my own personal time).
Such is the lessons of life. You live and you learn. I am cautious by nature and would'nt want to invest in anything too risky but when you are busy working and running around doing everything, you need to slow down at some time and take stock of some things. Not just your spiritual but also your finances,children and guardianship and ensuring things are in place as much as possible in the event of death(and that is a surety). However, it's a tall order given that everybody usually puts that on a backburner. Hmmm...no more vegging in front of the tv when I could do something worthwhile.......
Wednesday, July 15, 2009
Being a Houswife
For the first time I am experiencing what it is like being a housewife and all that it entails. Cooking,cleaning,washing and buying groceries etc. Heck, I did all those things while working too! Suddenly, now I seem to have more time and trying to squeeze in as many things as possible. You would think I would get more rest now but no siree! However, I plan on getting some rest, I must!
So far I plan my mornings to write my Blog and do my studying and so far so good. I see room for improvement though.I am starting too late but as it is vacation time and I have not had this kind of time for myself I am enjoying it a bit. However, come September school would be here and I would have to be dropping them on time.
Also, I don't know when or if I might get a job at all this year so by maximising my time to pass my exams in December makes the most sense.
I guess that's it for now. I am enjoying the housewife bit. I did not know I could enjoy cooking so much too. I have done so much cooking(of course with my cooking Bible next to me all the time:My cookbook).
Until next time.......
So far I plan my mornings to write my Blog and do my studying and so far so good. I see room for improvement though.I am starting too late but as it is vacation time and I have not had this kind of time for myself I am enjoying it a bit. However, come September school would be here and I would have to be dropping them on time.
Also, I don't know when or if I might get a job at all this year so by maximising my time to pass my exams in December makes the most sense.
I guess that's it for now. I am enjoying the housewife bit. I did not know I could enjoy cooking so much too. I have done so much cooking(of course with my cooking Bible next to me all the time:My cookbook).
Until next time.......
Friday, July 10, 2009
Networking, studying and family life
Well, it's been a week of not working and generally not saying anything to anybody. I am now into networking and letting my friends know that I am now out of a job and looking. This is actually how I got my last job. A friend I used to work with recommended me to someone and that was how I got the job and I wasn't even looking for a job at the time. That is the power of networking right there and keeping in touch with your friends.
However, I now have the opportunity to brush up on a lot of areas. I am completing my studies for example. I plan on doing exams in December and from there I will look forward. No other way to look.
In the meantime, there is a possibility of doing a private job for someone in the middle of July, so I will optimize my study time as much as possible now and figure out a way to continue even with a private job. It is really all about Time Management and especially when you have little kids. You realise how effective your work and life balance is when it is properly managed(planning helps). Of course there are the crazy things that might happen. Somebody gets sick, a doctor visit,or somebody just woke up and not in the mood to see any of their Aunties at school or nursery. So, it takes some extra cajoling and convincing and means getting most things ready from the night before.
Hmm...so much for that. I think I will get down to my books now and keep being positive. When one door closes, another opens.
However, I now have the opportunity to brush up on a lot of areas. I am completing my studies for example. I plan on doing exams in December and from there I will look forward. No other way to look.
In the meantime, there is a possibility of doing a private job for someone in the middle of July, so I will optimize my study time as much as possible now and figure out a way to continue even with a private job. It is really all about Time Management and especially when you have little kids. You realise how effective your work and life balance is when it is properly managed(planning helps). Of course there are the crazy things that might happen. Somebody gets sick, a doctor visit,or somebody just woke up and not in the mood to see any of their Aunties at school or nursery. So, it takes some extra cajoling and convincing and means getting most things ready from the night before.
Hmm...so much for that. I think I will get down to my books now and keep being positive. When one door closes, another opens.
Wednesday, July 8, 2009
Time to organise
Well, it's been a busy few days organizing my taxes and generally doing things I didn't have the time to do previously.
I have a list of things to complete and it should be completed by the end of this month hopefully.At least that is what I aiming for.
Add to that I have plenty of time on my hands so I am trying to complete my studies as well and make myself more marketable in the long run.
I even got my dog groomed which has been so looong overdue. She is also due for a check up at the vet. Take care of all those things that I can do now because I may have some long, lean months ahead.
To keep myself as current as possible in the field of accounting I am thinking maybe I could offer my services to charitable organisations that may need my services. Hmmm..... I will make a list of them and check them out, it's a possibility worth exploring.
I have a list of things to complete and it should be completed by the end of this month hopefully.At least that is what I aiming for.
Add to that I have plenty of time on my hands so I am trying to complete my studies as well and make myself more marketable in the long run.
I even got my dog groomed which has been so looong overdue. She is also due for a check up at the vet. Take care of all those things that I can do now because I may have some long, lean months ahead.
To keep myself as current as possible in the field of accounting I am thinking maybe I could offer my services to charitable organisations that may need my services. Hmmm..... I will make a list of them and check them out, it's a possibility worth exploring.
Monday, July 6, 2009
How ready are you when you have lost your job
Well, it's been a while since I wrote something but I have lots on my mind.
For instance, how prepared are we really if we lose our jobs today? That's the thing. Well, as I mentioned before I lost my job and now I am on the lookout for another job as well as working on my own private vocation(so to speak).That is entrepreneurship.
Since losing my job I have had to consider how my credit card,loans and other commitments will be met. Now, thankfully given the economy I thought it prudent to cut back on my credit card purchases and review grocery bills and other expenses( i started this last year). That has helped a lot. These things are now under some kind of control but I must say this took months to achieve and I am now in a position to put some of my commitments out of the way.
However, those other commitments(recurring expenses) like school fees etc will be borne by my hubbie whereas previously we just split their costs down the middle. I am not sure what it is like for other people but one thing I can say I am grateful for his support and even my own personal commitments he offered to assist with. Not many people can count on that and for these things I am eternally grateful but I know these things may not last as well as even his job can be in jeopardy as well. It seems no one is escaping it.
Advice is you generally save six months worth of salary in the event you get unexpectedly booted from the job. However, that is a hard task for most people. However, with my hubbie as the main breadwinner now if he has not been doing that then it makes it even harder now as his commitments would have increased. Add to the equation we were also saving towards a house. You really have to make that extra effort to do things like that. In hindsight I wish we were both channelling funds towards a just in case scenario so that we can deal with times like these. Even the smallest amount after a period of time(a year, two years) would assist.
Oh well, you live and you learn. Those folks out there who may be going through the same experience, can you give your experiences and what you would have done different in hindsight?
For instance, how prepared are we really if we lose our jobs today? That's the thing. Well, as I mentioned before I lost my job and now I am on the lookout for another job as well as working on my own private vocation(so to speak).That is entrepreneurship.
Since losing my job I have had to consider how my credit card,loans and other commitments will be met. Now, thankfully given the economy I thought it prudent to cut back on my credit card purchases and review grocery bills and other expenses( i started this last year). That has helped a lot. These things are now under some kind of control but I must say this took months to achieve and I am now in a position to put some of my commitments out of the way.
However, those other commitments(recurring expenses) like school fees etc will be borne by my hubbie whereas previously we just split their costs down the middle. I am not sure what it is like for other people but one thing I can say I am grateful for his support and even my own personal commitments he offered to assist with. Not many people can count on that and for these things I am eternally grateful but I know these things may not last as well as even his job can be in jeopardy as well. It seems no one is escaping it.
Advice is you generally save six months worth of salary in the event you get unexpectedly booted from the job. However, that is a hard task for most people. However, with my hubbie as the main breadwinner now if he has not been doing that then it makes it even harder now as his commitments would have increased. Add to the equation we were also saving towards a house. You really have to make that extra effort to do things like that. In hindsight I wish we were both channelling funds towards a just in case scenario so that we can deal with times like these. Even the smallest amount after a period of time(a year, two years) would assist.
Oh well, you live and you learn. Those folks out there who may be going through the same experience, can you give your experiences and what you would have done different in hindsight?
Tuesday, June 30, 2009
Running Europe and not much else
Hmmmm....imagine running through Europe with not much else but a bag pack with change of clothes and dependent on the kindness of people for a bed at night(i saw this Blog "Ryan runs Europe"). That is an interesting proposition but not one many people would make if they have bills to pay and moreso if they are married and with children.
I fall in the latter and having recently lost my job(as in today)and with bills to pay etc it is not especially appealing, although with some financial restructuring the possibility to undertake the above is well within reach if i wanted it badly enough but that's just the financial aspect....
So with no job and little else to do I am in a position to create one for myself and see what the possibilities are. Today is a new beginning for me. When you are forced into a position, you find yourself with little else to do but explore the options available. I am actually excited and looking forward to doing that......
So, now I am in the planning stage.
Time to get to work.
I fall in the latter and having recently lost my job(as in today)and with bills to pay etc it is not especially appealing, although with some financial restructuring the possibility to undertake the above is well within reach if i wanted it badly enough but that's just the financial aspect....
So with no job and little else to do I am in a position to create one for myself and see what the possibilities are. Today is a new beginning for me. When you are forced into a position, you find yourself with little else to do but explore the options available. I am actually excited and looking forward to doing that......
So, now I am in the planning stage.
Time to get to work.
Monday, June 29, 2009
Fear
Well, from what I have been reading so far, it seems my trouble is fear. Fear is the only thing you really have to be afraid of. It stops you from doing what you want to do and that in itself is paralysing and then you would look back and wonder what if.....
I think by starting this blog i have overcome part of my fear at least of going out on a limb.
How do you decide what you really want to do with your life. It's difficult when you come at a crossroads like this and you start questioning things that you do and have taken for granted.
I think I will start at the beginning. I know i want to be financially independent and find ways of investing and being resourceful in a way where i am not entirely dependent on a job where i am employed by another. This will take some doing but that is my goal and I will get there.
I think by starting this blog i have overcome part of my fear at least of going out on a limb.
How do you decide what you really want to do with your life. It's difficult when you come at a crossroads like this and you start questioning things that you do and have taken for granted.
I think I will start at the beginning. I know i want to be financially independent and find ways of investing and being resourceful in a way where i am not entirely dependent on a job where i am employed by another. This will take some doing but that is my goal and I will get there.
Friday, June 26, 2009
I've found a couple blogs regarding Finance. One in particular is "Million Dollar Journey" written by a Canadian I believe.It's based on Canadian information mostly but applicable to others Internationally. There are some interesting articles(older articles) that I read and I believe I will keep up with his writing.
I liked the article on investing in stocks and how to. He explained some of the terminology and that helped alot. Investopedia is a great place for information as well.
Some of my main concerns is tertiary education for the little people and how to start that. I will be exploring those areas but saving towards it in the meantime. Better than doing nothing i suppose.
I liked the article on investing in stocks and how to. He explained some of the terminology and that helped alot. Investopedia is a great place for information as well.
Some of my main concerns is tertiary education for the little people and how to start that. I will be exploring those areas but saving towards it in the meantime. Better than doing nothing i suppose.
Wednesday, June 24, 2009
Entrepreneurs,Investors,Budgeting......
I have a toddler starting pre-school in September and one starting a new nursery in July. These are huge changes for them in their little world and in mine too.
The good thing about the little people, they adapt faster and easier to a new environment(hopefully positive environments) but us older folks have a hard time with changes and new environments(a lot of that going around these days i am sure).
What the above means is a change in budgeting requirements. New Nursery and preschool means change in fees and different demands from these establishments(donation sheets,school fund raisers and activities for preschoolers mostly).
Also, there is the uncertainty of jobs for myself and dad as well. You know, the truth is there is always that uncertainty but more so with a Recession in play. However, as it turns out it is always beneficial if we can be proactive and decide to ensure a second income. This can be in several ways: start a business(this is scariest for most people,myself included),invest(stocks etc) or do a second job(one that does not encroach on your current job of course).
My reason for starting this blog is really to air my thoughts and hopefully come up with a way to start my own business. I read a few books on these and I have friends who have already started their own and those are encouragements to me. I am mostly a cautious person but I am sure at some point I will do it and finding others doing the same or coming to those crossroads in their life would help in gaining new insight.
Added to that I have worked and work with people who have that entrepreneurial spirit and unknown to them it has given me that spur and so my research and push in that direction I will have to credit them for.
All in all i think i am hearing a call for Entrepreneurship and i feel the need to do that and I would also want to pass it on to my kids. Really and truly we need to pass on to our kids money management and skills for budgeting. How much of us really do that? My Mom taught me to save and the value of saving towards something I wanted. In turn I will teach my kids the same but i will extend even further with investing,being an entrepreneur and managing their funds.I still have a lot to learn in that department as well. Already, I am teaching my kids about grocery shopping :).....
The good thing about the little people, they adapt faster and easier to a new environment(hopefully positive environments) but us older folks have a hard time with changes and new environments(a lot of that going around these days i am sure).
What the above means is a change in budgeting requirements. New Nursery and preschool means change in fees and different demands from these establishments(donation sheets,school fund raisers and activities for preschoolers mostly).
Also, there is the uncertainty of jobs for myself and dad as well. You know, the truth is there is always that uncertainty but more so with a Recession in play. However, as it turns out it is always beneficial if we can be proactive and decide to ensure a second income. This can be in several ways: start a business(this is scariest for most people,myself included),invest(stocks etc) or do a second job(one that does not encroach on your current job of course).
My reason for starting this blog is really to air my thoughts and hopefully come up with a way to start my own business. I read a few books on these and I have friends who have already started their own and those are encouragements to me. I am mostly a cautious person but I am sure at some point I will do it and finding others doing the same or coming to those crossroads in their life would help in gaining new insight.
Added to that I have worked and work with people who have that entrepreneurial spirit and unknown to them it has given me that spur and so my research and push in that direction I will have to credit them for.
All in all i think i am hearing a call for Entrepreneurship and i feel the need to do that and I would also want to pass it on to my kids. Really and truly we need to pass on to our kids money management and skills for budgeting. How much of us really do that? My Mom taught me to save and the value of saving towards something I wanted. In turn I will teach my kids the same but i will extend even further with investing,being an entrepreneur and managing their funds.I still have a lot to learn in that department as well. Already, I am teaching my kids about grocery shopping :).....
Tuesday, June 23, 2009
Finance
Well, in these crazy times where job losses and potential job losses have everyone nervous and checking their spending actually contributes to the recession.
To explain: If I stopped frequenting the bookstore every month because I don't think i can afford the luxury any more and several other customers decide the same, it affects the bookstore's income. By everybody collectively having that effect on the bookstore's income. Makes sense? Then the bookstore realises sales are falling and they decide cutbacks here and there and may include sending people home or not ordering magazines from a particular source and so the cycle continues.
On the other hand a recession is part of the cycle in economic terms. I believe it goes through, a Boom,Slow Down,Recession and then Recovery. The time frame can vary in these stages and overall.
What does all this mean? Well, when you understand these and the impact it has on your choices, it can make you a better investor,consumer and perhaps even entrepreneur.
In fact a lot of people have used the recession as an opportunity to start their own business(perhaps retrenchment and no other option available). The housing market slump in the US would mean those who were saving and waiting for the market prices to fall are now poised to take full advantage of an opportunity to buy a home at a reasonable price.Then there is the Investor who can now purchase stocks in this Bear Market(everybody selling) by looking at companies that can make the long haul and are selling at below their best price.
Interesting times we live in. The opportunities are there. When one door closes another opens. It seems hopeless especially those who may have lost their way of living for how many years but that's how we evolve and dig deep down and come up with something that works for us.
To explain: If I stopped frequenting the bookstore every month because I don't think i can afford the luxury any more and several other customers decide the same, it affects the bookstore's income. By everybody collectively having that effect on the bookstore's income. Makes sense? Then the bookstore realises sales are falling and they decide cutbacks here and there and may include sending people home or not ordering magazines from a particular source and so the cycle continues.
On the other hand a recession is part of the cycle in economic terms. I believe it goes through, a Boom,Slow Down,Recession and then Recovery. The time frame can vary in these stages and overall.
What does all this mean? Well, when you understand these and the impact it has on your choices, it can make you a better investor,consumer and perhaps even entrepreneur.
In fact a lot of people have used the recession as an opportunity to start their own business(perhaps retrenchment and no other option available). The housing market slump in the US would mean those who were saving and waiting for the market prices to fall are now poised to take full advantage of an opportunity to buy a home at a reasonable price.Then there is the Investor who can now purchase stocks in this Bear Market(everybody selling) by looking at companies that can make the long haul and are selling at below their best price.
Interesting times we live in. The opportunities are there. When one door closes another opens. It seems hopeless especially those who may have lost their way of living for how many years but that's how we evolve and dig deep down and come up with something that works for us.
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