JOURNEY TO FINANCIAL FREEDOM: Investing Wisdom

A year ago, I wrote an article sharing the good news that I was able to eliminate all the debts that we incurred when my father died. However, it is not enough to be debt free. But, it shows a good sign! A sign that we already took the first step to be financially free.

And in order for us to move forward, we need to do some follow up steps. Please take note that I am not a financial advisor nor financially free yet. I just want to share with you the next few steps that I took for me to reach that freedom. And the next one is by INVESTING WISDOM.

Investing Wisdom means studying, educating and learning. No more sugarcoat needed. You have to study what you are about to do. You have to educate yourself with all the terms and procedures of the investment instruments you are about to take. You have to learn also that your life is about to change.

From my experience, since I love reading books, I started to read simple and practical books (I mean easy to understand) which will help me remove my 'poor mindset'. This poor mindset is an attitude of mine thinking that I won't be rich nor I can't afford that, etc. And in order for me to grow and truly be rich, I need to change that thinking first!

Take a look of the (some) books I have read which helped me a lot:

1) My Maid Invests in the Stock Market - Bo Sanchez
"In this inspiring yet highly practical book, you’ll read the fascinating story of how he helped three of his house helpers invest in the stock market and build their retirement fund. He’ll tell you how he taught them the 5-envelope system. He’ll explain how he painted a clear vision of their future in their minds. In this book, you’ll learn his “4 Rules to Making Millions Thru the Stock Market”. - Goodreads

For free copy of this book (available as e-book) click here!

2) Rich Dad Poor Dad - Robert Kiyosaki
"Robert developed (and shared) his unique economic perspective from two very different influences - his two fathers. One father (Robert's real father) was a highly educated man but fiscally poor. The other father was the father of Robert's best friend - that Dad was an eighth-grade drop-out who became a self-made multi-millionaire. The lifelong monetary problems experienced by his poor dad pounded home the counterpoint communicated by his rich dad. Taking that message to heart, Kiyosaki was able to retire at 47." - Goodreads

3) 8 Secrets of the Truly Rich - Bo Sanchez
"The book is a manual on how to create material wealth and gain spiritual abundance at the same time. It hopes to raise a new breed of millionaires who are simple, loving and generous." - Goodreads

4) Ang Pera na Hindi Bitin - Eduardo O. Roberto Jr
"If you need a guide on how to best manage your money, get this easy-to-read and practical book for yourself and your family—even your friends who are struggling or always borrowing money!" - Goodreads

5) Stock Smarts: Stock Investing Made Easy - Marvin Germo
"The heart of Stock Smarts is to break it down to its simplest form and inspire employees, professionals and business people to participate and make money in the market.This book is to encourage every Filipino to profit from stocks and forge their way to financial freedom." - Goodreads

There are more books about wealth and financial literacy. But for most of you who doesn't like books that much, try with these simple books or try listening to podcasts/tutorial available in the Internet.

Do you have any other suggestions? Feel free to share it with me at the comment section! :)

Picking up where I left...

Days are passing by. That's what I know for sure. Waking up one day and trying to be a better person. Do my job. Love harder. Pursue bigger dreams..

All of a sudden, a year has passed already! I didn't noticed that days were so fast and I didn't noticed it (well not really hehee of course I noticed it lol). A lot of things happened and changed within that one year.

Looking back at my last post, I was there at that phase of my life where I am stuck with a toxic career and environment. Thank God I managed to get out alive and strong!

At this moment, I am happy and blessed to share some of the blessings (changes) that I had within that one year..

1) Career - After all the struggles, a better one came along and I am so blessed! I am so proud to join Lushescapes - a boutique luxury travel company based in JLT. I have two days for the weekend and I get to enjoy all the public holidays as well as good office schedule of 8:30 am - 5:30 pm (well I do overtime quite some time haha!) and a well maintained office with a stunning view of Dubai Marina side. Apart from that, I enjoy how I continue to learn every single day. My boss and my manager always push my boundaries to learn and grow more than yesterday. Learning opportunities and career growth are always being fed not only to me but to all of us. I am definitely the happiest!

View from our office - no filter used

2) Second Home - I changed flat twice within the year. First, I moved to Burjuman around May 2016 and met these beautiful girlfriends that I will forever treasure. There are rough days where I would hate our times of teasing and bullying. But we shouldn't be serious everyday right? Most of the time, I love them. They helped me go out my ultra comfort zone which is my bed! Hahaha! I am not joking! Whenever I feel bad or sad, I would stay in bed the whole day and they would literally drag me to get up. Or they would climb up to me and approach me with wide arms open.

Burjuman Girls: Ate Cory, Ate Rochelle (yes we have the same name), Lhei, Tracy, Ate Tin, ME, Aubrey and Ginny
Insert Pearl - missing in action 

Now, I am staying in Dubai Marina (don't get the wrong idea, Iam just renting a bedspace here and it's the cheapest we found!). We are 5 girls in total as of the moment and we usually have our own routine. They would go out with their own schedule, so most of the time, I am alone in the flat doing my own thing. This is what I love the most. I have lots and lots and lots of time for myself. I am starting to pick up all the stuff I wasn't able to finish like books (mostly self help for spirituality and finance books)

3) Mountains - After a two year break (rest) from hiking, I got the chance to do it again with Filipino Mountaineering Federation, also known as F.M.F. in Ras Al Khaimah. They usually organize public hiking events and it is open to all and definitely free! Yes it is absolutely free. If there's a need to rent a coaster bus for big numbers, that's the only time you will have to share some dirhams. And that's just for contribution of the coaster rental. It is equally divided to all as well. So no need to worry!

At Wadi Shah

FMF: Filipino Mountaineering Federation

4) Financial Freedom Journey - Before I left the Philippines, I am already reading a lot of stuff about Financial Literacy. And I know that one day, I will reach that Financial Freedom! But of course, the journey is not a straight line. There were times that we need to borrow money because we don't have emergency funds. There are also times that we need to relieve hunger because the salary is delayed (this happens when we relay too much from our paychecks).

I AM NOT THERE. But! I've had some progress! Each stepping stone achieved is worth celebrating! Some of the stepping stones along my journey are as follows:

*Debt Free - Me and my mom is free of debt after my dad left us with no such emergency funds.

*Small Sari-sari Store - After we finished paying our debts, we managed to put up a small grocery/retail store in front of our house. The sari-sari store serves as our bridges when there is a delay from my salary (because I still depend on it) and it made my mom busy in a good way.

*More time to STUDY - Since I get so much time off in this new company, I have read more books (than what I read in the past two years) and I have managed to read some podcasts and seminars online.

*Truly Rich Club Membership - I have joined this club because it suits my taste. I can do my studying at my own pace. No pressure of commitments for classes. The club itself didn't made me feel that I had such an obligation (attending classes) and instead, it is there waiting for your inner self to study out of your motivation.

Your first step starts here!

*COL Financial - I met COL Financial when I was still in College. And I just opened an account just this month. Crazy right? My account has been activated and I have transferred the account already! Yay! After a long time of waiting, I jumped in! It's better late than never right?

I wish to say more about my Financial Journey because we're not OFW's just to work and spend money like there's no tomorrow right? Don't worry, I will post another one soon so that both YOU and I will reach that Financial Freedom.

See you next post!

Ciao!

JOURNEY TO FINANCIAL FREEDOM: DEBT-FREE LIFE

Financial freedom is a milestone in life that almost everyone of us wants. I've met a lot of people from different walks of life, who works really hard just to achieve this. But the question is how do we achieve this? What is the easiest way to get it right? What is the first step?
I am not an expert on this and I am following a lot of advice from different mentors and advisers whom I trust but I cannot disagree on the fact that the first way to move forward is to eliminate debt.

Most people would say that debt is unavoidable. That is true. My family and I accumulated lots of debt when my dad passed away. But after 8 months (from the day of accumulating it and until the day of the last payment), I am happy to say that we are debt-free! Yehey!

From what I learned, these are the habits that I've formed to eliminate debt:
1) Small debts are unavoidable. But if I can, I usually try to settle it within 3 days.
2) If the need of money is not matter between life and death, I don't borrow money. 
3) Whenever I received my salary, I set aside a bigger amount for the payment of debt than my remittance to my mom (Communication is the key as well!). We have to sacrifice first so that we can finish it as early as we can.
4) I don't consider accumulating more. :)

Sure, there are lots of ways to avoid it and eliminate it. But these habits helped me a lot even though it is really hard to survive especially with my current salary. But no pain, no gain.

AROUND THE WORLD IN GLOBAL VILLAGE

When I was in college, I worked once in a theme park in the Philippines as a summer job. It is known as Enchanted Kingdom which is located in Southern part of the metro, in Sta. Rosa, Laguna. I've been there for 2 and a half months and it's one of my happiest part-time job I have (apart from McDonald's). That experience made me love parks. Theme parks to be specific became very close to my heart.

Summer Job 2011

In Dubai, there's one theme park (fully operating) that I've always wanted to visit ever since I arrived here. It is called Global Village which is located in Dubailand. We took the public transportation by bus from Union Metro Station. One way costs 10 AED and the entrance fee costs 15 AED. We went there at exactly 4 pm and the park is open until 12 midnight.

The park consists of pavilions of different countries showcasing products and crafts from the country of origin. Replicas of famous landmarks were built and products were imported to be sold here.

Replicas of Big Ben, Leaning Tower of Pisa and Colosseum or Flavian Ampitheater

Chinese Gazebo

African Pavilion

This pavilion is my favorite and it deserves a special mention. The products are all authentic. Every craft and art and all products were new to my eyes (not that I've never seen anything like that) because you cannot find these in big malls of Dubai. The song playing in the background was an African one (that's one thing for sure) and there are people standing outside the pavilion wearing native costumes of their country.

What I love about it is that I felt their pride of their country. Here in Dubai, a lot of Africans were paid really low. They weren't treated that nice. But here, they are all happy. Their face shows their love to their origin. Being patriotic. Patriotism. Yes. Despite of all their struggles in their country, here they were, full of pride and saying, I CAME FROM AFRICA. I LOVE AFRICA. Salute to these people!

Crafts and stuff from Africans

 The second pavilion I liked is Japan's. Anime is from Japan and I am so happy to see some collection! Yes it is not complete and very limited, but still, it's so hard to find these stuff here in Dubai. I found a small stuffed toy of Chopper and it broke my heart that I didn't bought it. It's too expensive for me! LOL. #byechopper

Collectibles

You can find two Japanese friends in the farthest stall of the pavilion. One guy and one girl. I am not sure if they are a couple but they look good together. Haha. Anyway, they are offering this service where you can try wearing Yukata (Kimono is the elegant one, more expensive and traditional one with the bow at the back where Yukata is more casual) and they will take a picture of you for 10 AED. They will give you a print out of this picture. You can also add a background of Japan for 30 AED if I am not mistaken. And no, this is not the picture they took. I look so silly there.

I am able to try Yukata too! Look at the face! Mission accomplished!

Yukata, the casual style form of Kimono

Each pavilion offers short performances (groups, bands, individual) of any kind of entertainment they have. I remember the band from Iran playing a happy 'bandari' music. I saw dance performance in India's pavilion with a Punjabi group as well. A traditional dance was performed of my 'kabayan' in the pavilion of Philippines.

Syrian Performers on Main Stage

There's a small part of the park with rides for kids and adults. They have a huge Ferris Wheel called Wheel of the World for 30 AED. It doesn't move that fast unlike the others and you won't feel scared up high. The aerial view of the whole park is fantastic.

Wheel of the World

Aerial view of Global Village

It was tiring but fun. I felt like I'm a kid again. And it's a feeling that everyone would like to go back to once in a while. Though I was a little bit sad that I was not able to buy Chopper and I wasn't able to play those games with huge stuffed toys as prizes, but surely, I'm gonna come back.

So long Global Village! I'm gonna come back sooner or later!

A DAY TRIP TO ABU DHABI : SHEIKH ZAYED GRAND MOSQUE

One friend of mine from Couchsurfing is in Dubai right now for his vacation with his friend. One of their plans is to visit the Grand Mosque which is in Abu Dhabi. And since I haven't been there, I asked them if they can arrange this visit on a Saturday so that I can come with them. Lo and behold, my wish is granted and after so many months, I finally got the chance to visit the Grand Mosque! 1 goal down for this year!

We took the bust E100 from Al Ghubaiba Bus Station and it took nearly 2-3 hours of travel from Bur Dubai to Abu Dhabi Bus Station. A round trip bus ticket costs 50 AED. We arrived at around 3 PM and went straight to Al Wahda Mall before heading straight to the mosque.

Before entering the mosque property lot, the security at the gate asked us to stop because my hair was not covered. I covered it with my scarf (good thing I brought it with me). Then there's a small tent as an entrance where I was asked to put the abaya as my body cover.  Wearing an abaya is one thing that I would really like to experience even once in my entire life. The Islamic culture is really interesting. Okay don't freak out. I'm not about to convert to Islam. I just appreciate it.

My friends went to their ablution and prayer while I roam around and be as a happy tourist as I can. 

I ran out of words more when I entered the main area. The beauty is overwhelming. The art itself is magnificent. This is one of my inspirations to go to Iran.

Chandeliers

Zoomed in.

From ceiling, chandelier and wall art... intricate details.

Even the pillars itself are not left unattended

I had so much fun and if I will get another chance to go back to the mosque with less crowd, I would like to go again. Happy tourist today!

PinayHakawati gets to visit the Grand Mosque in abaya. Goal achieved!

NEW YEAR, NEW ME, NEW GOALS

Happy New Year! 

It's the time of the year where everything is fresh and new! Last year might not be one of the best years of my life, but it's over. It's already in the past. So right now, I should focus on planning and claiming to be waaaay moreee HAPPY this year! And for me to maximize my time here in Dubai (Inshallah), I've decided to come up with a list of my own goals (SMART goals).

These smart goals, once achieved and accomplished, will have it's own post here in my blog. And so here it is and let me try my best to fulfill these goals before the year ends!

Travel, Sports & Adventure - UAE
Sheikh Zayed Grand Mosque
Global Village
Walking Tour - Old Dubai
Arsekal Avenue
Ferrari World
Ski Dubai
Jebel Jais
Yas Waterworld Abu Dhabi
Iceland Waterpark
Motiongate Dubai (still under construction)
Oman Musandam
Practice ice skating in Dubai Ice Rink (Dubai Mall) and in Hyatt Regency
Try paddle board around Burj Al Arab
Attend one Yacht Party

Travel - outside UAE 
Hike one mountain/volcano
Visit one town outside Luzon
Travel to one Asian Country
Try Couchsurfing as a GUEST

Road to Financial Freedom
Be debt free
Create a solid emergency fund
Help our small convenience store in the Philippines to grow bigger
Buy 1 22k carat gold as an investment
Buy the gold arrow ring or a necklace with the arrow pendant
Open an account in mutual funds 

Personal Growth
Land in my dream job/company
Learn how to do make up professionally
Learn how to wear good heels

How about you? What are some of your goals for this year? Let me know and maybe I can add it to my list! Good luck to everyone!