Friday, 22 September 2017

My Financial Advise to my Younger Self?

If I can go back 13  years ago, I would advise myself the 7 golden lessons from my financial journey.

I don’t think the following lessons will be learned from your high school or even college subjects, take this advise with a grain of salt:


First;  Magic of Compounding Interests. As per Einstein , compounding interest is the 8th wonder of the world. See the table below , with the 10% interest rates , after 10 yrs your money is double the amount to 25,937. The power is within your hands to start investing now.



Second; Budgeting. I still remember the time in highschool that I’m receiving a 100 pesos allowance for the whole week and I would not go for recess to have extra money to go  for rides and colour games. I’m really not good in handling money. The early as possible you need to learn that budgeting will save you from being slave of debts and money issues in the future.

Third; Passive Income. Creating a side hustle at an early age will save you from being a corporate slaves in the future. Usually building a money machines,  at first try will be hard and it might take time to harvest the fruits of hardship such as blogging, affiliate marketing, etc. etc. Start looking for something to hack for your future freedom.

Fourth; Remove debts. There is a good and bad debts. Good debts are expected to produce income and  cover your monthly expenses (for ex. Rental apartments, rent should cover monthly amortization and association dues). Bad debts are those that you keep paying without any returns (for ex. Cars fro leisure, the value depreciates together with time).

Fifth; Invest on yourself. Keep learning new skills and build experiences and education. It will protect you from downside in any problems. In line, with this invest on the things that could be of eternal value not only on material things (spiritual investments).

This is only for educational purposes. If you are going to apply it in your life, your future will be in a better position.

Looking forward to your Financial Freedom.

Sincerely yours,

Jonathan I. Ruiz
NEWBIE MENTOR

P.S. If you have friends in UAE planning to take the CPA Exam in 2018, kindly refer to us for our upcoming CPA Review:


Sunday, 16 July 2017

5 years journey to Financial Freedom

I achieved my financial freedom today. Thank you to those supported my journey especially those readers of this blog.

My sideline businesses are now full time gig. I owned 3 " Eat all you can Filipino restaurants " and partnered with an educational training center. I also received different awards as an entrepreneur, best selling author and speaker.

I was able to build a dream house in 10 hectares land and recently bought a McLaren Sports car. My kids  attending prestigious schools. My wife and kids travel with me in different countries while doing speaking engagements. We started visiting  Disneyland and recently came back from vacation.

It will be my future reality.

I would like to share with you my plans on how to achieve those dreams;

First , Increase my worth. Yourself is an asset which should be increasing in value over time thru education and experiences. I keep learning and studying different courses. Changing from one position to another and industry after industry.

Second, Keep saving. This part is tough, I'm planning to make it as an automatic deductions from monthly income and fight inflation thru investing.

Third, Investing. I continuously add every month on investment portfolios. All side hustle income goes to investing account.

Fourth, Taking risk on business ventures. Failures will be part of it, risk is a part of everyday living. I will not be afraid to fail again. Start new businesses this year.

Fifth, Set priorities. I have issues with time, I started sticking to schedule and set aside more quality time with family. I don't want to achieve those goals while losing relationships.

I don't know what to blog, I visualize my dream future. It lifted my spirit today.

I'm looking forward to your financial success.

To God be the Glory!!!

Sincerely yours,

Jonathan I. Ruiz CPA

NEWBIE Mentor

P.S. If you want to know more about my strategy please sign up for free on this link; http://eepurl.com/Wyazv .

Wednesday, 12 July 2017

Escaping the Paycheck Life

One my goals is to escape the 9 – 5  hours work or the cubicle life. I’m always worried of losing my job, not able to pay for my student loans, running out of cash, foreclosure of properties etc. etc.

Before month end, the income is already allotted to expenses and it will only passby in my account.

Starting this month, I’m monitoring it properly 10%  - Tithes, 20% - Savings and 70% to living expenses. I also decided to use credit cards for necessities to gain points and credits only not for luxurious spending. I wanted to reclaim my life and start clean with debts and commitments.

Today is 12/07/17 , I want to escape the cubicle life by 12/07/19 meaning 2 years from now. I will do the things I love rather than sitting on my desk for 8 hours preparing reports. I want to teach, give lectures, write, blog and manage my own coffee shop or small restaurant.

I have these 3 steps to share with you;

First; Zero Out my Debts . I have bad debts which is my credit card loans. I’m eliminating it for the next 6 months. It will be a tough 6 months before I start building my investments.

Second; Emergency Funds. I used up my emergency funds for the last 5 months because of my shift to a new company. I exited for 3 months without any active income coming, a very tough situation. This is one good reasons to save for at least 6 months of salary on a savings account.

Third; Side Hustle. I keep looking for side hustle and small business ventures that I will turn into full time gig. The money that I will earn from this side hustle will be invested to my investment portfolios.

What about you? Are you planning to escape from the cubicle life? What are the steps you are taking?

Comment on this blog.

Sincerely yours,

Jonathan I. Ruiz, CPA, MIB
NEWBIE MENTOR

Saturday, 8 July 2017

The Importance of Side Hustle

I used pen names such as PAM Master or PAMpayamang Master, Newbie Mentor – the mentor of newbies in the stock market, CPA Mentor – helping students achieve their CPA Dreams.

Each pen names have a corresponding blog and truth also has a corresponding side hustle or extra income.

Why is it important to have a side hustle?

I have three important reasons of why you should start having a side hustle or sidelines. Those side hustles should create passive income which should exceed your monthly living expenses. It can gives you financial freedom and live a richer life in the future.

First, Multiple Income. We should not depend on only one source of income, like famous investors they diversified in different businesses such as real estates, mutual funds, stocks and other business ventures. Depending on one source of income is dangerous especially during rainy days or job laid off, termination, accident etc… I suffered 2 laid offs in the past 5 years, more or less 5-7 months without active income but my side hustles helped me with living expenses.

Second, Leisure or Family Spending. I spent Eid holidays in Millenium hotel Corniche courtesy of side hustle “Selling Imbutido” and pinoy delicacies by wifey and her sister.

Third, Future Pension Funds. This is one of the most important part of having a side hustle. If the side hustle will become a passive income money machines, it can be a pension funds like SSS, GSIS, etc.. My goal is to receive a minimum of 500k monthly passive income still far from my goal but I believed it’s a realistic goal.

How about you?
What if you can make your side hustle as full time gig or turn it into a real business?

Looking forward to your side hustle.

To God be the Glory!!!

Sincerely yours,

Jonathan I. Ruiz CPA

NEWBIE Mentor

P.S. If you want to know more about my strategy please sign up for free on this link; http://eepurl.com/Wyazv .

Thursday, 29 June 2017

Getting Rich Idea

Driving a Ferrari, living in a Mansion, eating at 5 star restaurants, and indulging to other luxurious things, for many this is the standard of living a rich life.

I would not argue with the meaning of richness, but let me share my experiment in getting rich financially.

Here are ideas that I'm trying to explore;

1. Pay all debts. Living a debt free life is like sleeping with a peace of mind. I'm on a process of eliminating debts.

2. Learn to live simply. Spending at a minimum possible, living expenses should be 30% of income. I started with car lift instead of rent a car, from 1600 aed  plus petrol down to 700 aed or equivalent 12, 398 php savings.

3. Make money work for me. Keeping my eye on investments with more than 8% ROI in a year. It can be a stocks, franchise, and start up business.

4. Create multiple streams of income. Focus on creating money machines such as rental properties, royalty on books, and blogging income.

5. Join a business venture or partnership. I'm working on a business idea that focus on helping others achieve their dreams.

I'm looking forward to your financial success.

To God be the Glory!!!

Sincerely yours,

Jonathan I. Ruiz CPA

NEWBIE Mentor

P.S. If you want to know more about my strategy please sign up for free on this link; http://eepurl.com/Wyazv .

Friday, 23 June 2017

My COLing the Shots Pick

Is it for future retirement? Is it for educational plan for  kids? Is it short term gains for travel? What is your motivation in buying stocks?

I created my own COLing the shots portfolio or my PAM - payamang stocks pick, this is not a recommendation for you to follow but to analyze.

I want to share my 3 out of 5 stocks pick for long term investing;

First, EW or East West Bank. I sold my MBT with 18%  gains and stick to EW because of potential gains from previous price of 19 PHP per share which I actually bought 2 years ago at a higher price of 25.20. I had paper losses but recovered this year  because of earnings jump by 54%.


Second, FGEN or First Gen Corporation. FGEN is my power play stocks due to growing demand on energy sector. I believed that San Gabriel and Avion facility will bring increase earnings in the future. The current price is undervalued because of sell off from traders during the news of drop in profits by 11% but looking at a future potential there is a minimum 20% upside.


Third, MRSGI or Metro Retail Stores Group Inc. The primary business of MRSGI is to buy and sell goods in supermarkets, hypermarkets and department store penetrating the Visayas and Mindanao areas. I can see MRSGI moving share price the way DNL rose to it's current price, but too early to say.


Take my advice with a grain of salt, this is for informational purposes only with CAVEAT!!!

On the other hand, check out the COL Financial - COLing the Shots;


I'm looking forward to your financial success.

To God be the Glory!!!
Sincerely yours,

Jonathan I. Ruiz CPA
NEWBIE Mentor

P.S. If you want to know more about my strategy please sign up for free on this link; http://eepurl.com/Wyazv .

Saturday, 10 June 2017

3 Money Beliefs thru Scripture

After attending an online course of Tony Robbins about Financial sabotage, I would like to share what I discovered from my past money beliefs that sabotage financial growth. 
Here is my "3 Money Beliefs".

First, Money is the root of all evil. This is misinterpreted in the scripture 1 Timothy 6:10 For the love of money is the root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs. The word LOVE was omitted and not given an emphasis, if you focus and love money, it will pull you to the wrong path and start doing evil things. This is the case for people committing crimes for the sake of earning money.


Second, You cannot be rich and serve God. This also relates with other scripture on the bible
Matthew 6:24 No one can serve two masters. Either you will hate the one and love the other, or you will devoted on the one and despise the other. You cannot serve both God and Money. This money beliefs want you to become poor and serve God . Of course, I'd rather serve God and be rich, you don't need to serve money but let money serves you. You can control it by giving and helping others like donating to church, charities and funding scholarships.



Third, God will provide. God will provide if you work hard and smart.  Proverbs 10:4  Lazy hands make for poverty, but diligent hands bring wealth. Money will not come to those with lazy hands. You need to sweat and there is no free money but you can create free money for yourself.



I'm looking forward to your financial success.

To God be the Glory!!!
Sincerely yours,

Jonathan I. Ruiz CPA
NEWBIE Mentor

P.S. If you want to know more about my strategy please sign up for free on this link; http://eepurl.com/Wyazv .

My Financial Advise to my Younger Self?

If I can go back 13  years ago, I would advise myself the 7 golden lessons from my financial journey. I don’t think the following lessons...