QUESTS FOR FEBRUARY 2008!

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Day 2 of the Journey…

I’m the type of guy who loves to write his goals in life. I normally do annual goals, monthly and weekly goals…

This month my quest is entitled “LOVE, PEACE AND SUCCESS!

LOVE, PEACE AND SUCCESS!
FEB 08

I. Must Have
A. Johnnie Walker (Black)
B. Mangarina
C. Hugo Fragrance by Hugo Boss
D. Dep M Groom Gel
E. Puma Apparel

II. Readings
A. Start Chartered Financial Analyst (CFA) Review
B. Recitation of the The Ancient Scrolls (from the book “The Greatest Salesman in the World)
C. Continue reading and listening to “Choose to be Rich” book and audio cd supplement by Robert Kiyosaki

III. Savings – P145; Investments – P145; Tithes - P145 each

IV. Stabilize the Kooperatiba ng Kabataan para sa Kaunlaran Albay (Youth Cooperative for Development-Albay):
A. Fish Selling - Minimum net P1, 500
B. Food Cart - Minimum net P1,500
C. Sexxxy! Perfumes - Sell All!!!!
D. Others - Minimum net P1,500

V. Travel for intellectual and social pursuit

Additional Quests:

A. Finish “The Secret” Book
B. Deposit the correct 20% savings at Bank


The quest is entitled as such since its February, the month of love. Even though sometimes I find it corny but I still believe in the dictum of the bohemian revolutionaries – Truth, Beauty, Justice and Love.

Allow me to explain in detail each goal. The Must Have section pertains to my wants… my caprices, the doodads that I want to have. Actually I have more than 70 items in the Must Have list, but my target is to reach at least 44 of them this year. Below is my dream board consisting of the said items.



Regarding my readings, I have already started last year my self – review for the Chartered Financial Analyst (CFA) course (I will fully discuss what is a CFA on a separate blog). I have already made my new schedule for my self – review which entails 1.5 hours everyday:

February 11-17 Orientation and Diagnostics
February 18-24 Ethics and Professional Standards (1-4)
February 25- March 2 Quantitative Analysis (5-8)
March 3 - 9 Quantitative Analysis (9-12)
March 10 - 16 Economics (13-17)
March 18 - 23 Economics (18-23)
March 24 - 30 Economics (24-28)
March 31 – April 6 Financial Statement Analysis (29-31)
April 7 -13 Financial Statement Analysis (32-34)
April 14 - 20 Financial Statement Analysis (35-40)
April 21 -27 Financial Statement Analysis (41-43)
April 28 – May 4 Midterm
May 5 – 11 Corporate Finance (44-48)
May 12 – 18 Portfolio Management (49-51)
May 19 – 25 Equity (52-55)
May 26 – June 1 Equity (56-61)
June 2 – 8 Fixed Income (62-66)
June 9 – 15 Fixed Income (67-6)
June 16 – 22 Derivatives (70-75)
June 23 - 29 Alternative Investments
June 30 – July 6 Finals

The challenging part of doing a self – review is the sources of review materials. Enrolling in a review class is quite expensive, the review class at Asian Institute of Management costs P40,000+ (if my memory proves me right). Other than that, is the problem of my location (residing at Albay Province) only AIM has a review program for the said course. If ever I will enroll, I need to go to Manila every week to attend the once a week class, (whew! Additional costs). Then the exam fee for CFA Level I which is worth more or less $1,078! Whaaaaat?! Those are the challenges a CFA wannabe must face, we are only talking about the first level and there are three levels of CFA exam all in all. Still, it is my 2008 goal to take and pass the exam this December.
The recitation of the 10 Ancient Scrolls has been unsuccessful! Last February ? (I forgot the date) I was so drunk that I haven’t recited the “before you sleep” scroll! Too much alcohol is really a bummer! Fifty Percent of the “Choose to be Rich” of Robert Kiyosaki is already read and listened to.

The Third Quest which is an application of what I have learned from Kiyosaki. According to him, we must develop a mindset of savings, investments and tithes. You must have three piggy banks where you can put a certain amount every time you wake up. I have settled with P5 a day each piggy bank and it must never be moved until 90 days or three months. The money value might be small but the mind set that it will teach you will be a stepping stone to reach your financial goals in life.

The Fourth Quest is about the Youth Coop. A separate blog about it will be done in the future. As of now the coop have entered into MOA with the youth fisher folks of Albay West Coast regarding the distribution and marketing of the fishes the coop must earn a net of P1,500 minimum. It also partnered with a BUPC (Bicol University Polangui Campus) Professor regarding the production of Food Carts. As of now the food cart is not yet finished, the coop must earn a net of P1,500 minimum. The sales of the Sexxxy! Edt/perfume is the top priority of the coop for this month, the said perfume were processed by chosen Out of School Youth who attended workshops on perfume making at Manila and being marketed by college students. The others section is the processing and distribution processed meat like longganisa, baloney, skinless longganisa, tocino and embutido, they also process and market boneless bangus, relyenong bangus and lumpiang bangus, the loading station of the coop is a part of it also, again the coop must earn a net of P1,500 minimum.

Traveling for intellectual and socialization pursuit is the fifth quest. Actually I’m still in the dark regarding it. Where should I go? The budgetary requirements? Etc. Etc. I got this quest from my feng shui planner 2008.

Regarding the additional quests – I am still reading “The Secret” book by Rhonda Byrne; I need to deposit P3,453.4 (as of today) on my savings account, as of now I haven’t deposited even a single centavo yet.



CHOOSE TO BE RICH WORK BOOK


Financial Mistake

Trusting a friend (his name is Rhex Recomendable) with P50,000 that we have borrowed from my Grandmother. We are supposed to invest the said money in an MLM company. He invested it by himself. My team (Kuya Da, Kuya Ed, and Ate Zy) haven’t earned a dime and my grandma was fuming mad at me.

Lessons Learned

When it comes to money we must be cautious on entrusting it to someone. If ever you need to entrust it to someone have a black and white paper, document it.

Financial Mistake

Pawning one of your prized possession for an investment deal. I have pawned my original LG DVD Home Theater System for only P2,500 so the amount can be used for a concert at our town. Sad to say I haven’t got it back. I already gave my friend (Dandell – the one ho loaned it to his uncle) P2,500.

Lessons Learned

Every deal must be put into paper.

Financial Mistake

Having no savings. At this age of mine I have no savings! When something bad happens (I hope not) I will still look for resources… Ouch!

Lessons Learned

Save as early as you can. Save at least 20% of your earnings.

Financial Mistake

Spending money as if there is no tomorrow… One day millionaire! This was one of my habits… Whenever I have a big amount of money I tend to treat my troops, have party, drink all you can, etc etc…

Lessons Learned

Money is a living thing! It must be respected, it must be used wisely, it must be nurtured.
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I AM SO HAPPY AND GREATFUL NOW THAT…
021708
1. I am alive and kicking!
2. Surviving another week…
3. The coop have already sold approximately P1,000 load
4. MILLIONS ARE COMING!