Sunday, 11 March 2018

Money Talks UAE 2018

For the last 3 years, I'm keeping to myself how I suffered financially because I'm ashame that I made a lot of financial mistakes and be judge that I failed in my financial journey as a licensed CPA, Master's degree graduate, entrepreneur and financial blogger,  but yesterday during Money Talks UAE 2018 was another turning point of my life.

I unloaded my financial bagagges and be myself during the DIY - Financial Planning session with Ms. Salve Duplito, she hit the soft spot of attendees and share how to vision their future self at the
age 60.

I cannot drew clearly because of financial mistakes keep flashing in my head, it's like pushing me back to my past during those times that I lost my job and ran out of emergency funds, unloaded my red stocks with big amount of losses, my first condo unit that was foreclosed by bank, sold my first beach property, a time that started to pile up my credit card debts, personal loans, my wife's delivery of second baby without health insurance, insufficient fund receipt from ATM while on exit and recently sold my second condo unit at a loss.  

I cannot see the end of tunnel and keep going back to zero or nothing, but Ms. Salve said she believed in me and I could stand up and  be brave enough to start all over again. She said to the class to pray for me. Tears overflow and even until today when I arrived at the office in front my desk, the determination to start again is like a burning fire.

I want to share this story because there are many OFW's that could be on the same situation where I stand right now, from Rags to Riches, Riches to Rags, Rags to ______ . I will keep the third part of financial journey in blank for the next 5 years and stick to my financial plans.

I stopped blogging because I cannot walk the talk and lost the hope to get away from this financial mess. Yesterday was a wake up call or my "turon moments", this hugot line inspires me:


I will never forget and treasure my  own "TURON" moments.

For Sir Randell, Sir Marvin, Sir Carl and Maestro Tony, all of you never get tired of teaching and inspiring Filipinos abroad. Thank you very much.

MONEY TALKS UAE Volunteers especially Franz. MABUHAY PO KAYO.


Thursday, 19 October 2017

Savings Plan for Financial Freedom

I’m reading the book of Robert Kiyosaki, Guide to investing and his elaborating the goals of every individuals accordingly in this order:

To be secure.
To be comfortable.
To be rich.

Most  Filipinos aiming for first 2 goals, to have a secure job and have a stable monthly income, once they reach that status being comfortable will stop them to grow and get stuck.

Nothing bad on those goals but to become financially rich and free from financial worries should be our main goals especially for Filipino OFWs.

I’m starting all over again and preparing for my financial freedom.

I would like to share with you my 3 savings plan that might help you in your financial journey:

First, Increasing Cash Flows. I started working again in Oil and Gas Industry but salary cuts from previous position due to lower position but saved time of at least 4 hours of travel. But I’m thinking to move to a higher position very soon, on the sidelines we launched a start up CPA review school (I can do PAID lectures on my free time).

Second, Cut monthly expenses. I’m using rent a car for the last 4 months and spending 1600 AED plus fuel 300 AED, I’m blessed to found a second hand car and bought it for cash (no bank loans). I cut the 1600 AED expenses. Another good news today, I received the family insurance, now I will be paying only 50AED for every consultations and free medicine compared previously paying every medications.

Third, Save and build cash on the sides. Cash is King. Everything is going up (PSE Index and Commodity Prices) and having money on the sides while waiting for right opportunities will be a great advantage for future investments.

I hope you are enjoying and having fun in your journey to Financial Freedom.

Sincerely yours,


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

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


P.S. If you want to know more about my strategy please sign up for free on this link; .

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

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


P.S. If you want to know more about my strategy please sign up for free on this link; .

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


P.S. If you want to know more about my strategy please sign up for free on this link; .

Money Talks UAE 2018

For the last 3 years, I'm keeping to myself how I suffered financially because I'm ashame that I made a lot of financial mistakes a...