Thursday, 11 September 2014

Passive Income Covered Wedding Expenses

Weddings are one of the most expensive celebration nowadays. 
Last July 13, 2014 was one of the happiest day of my life and I will relive for the rest of my life.

The preparation is nerve breaking especially that my wife and I live from different parts of the world.The need to hire for a wedding planner and assistants are needed. Our parents prepared the documentations needed in the church.

My wife and I chose the wedding packages,catering services, menus, entourage, sponsors, videos, and other small details. The wedding ceremony happened in the Transfiguration Chapel of Caleruega.

The reception was held at Veritas Hall for 150 pax:

200 plus came on the reception and additional chairs and tables are needed and we called for suppliers , unfortunately food were enough.

Let me get direct to the point before the nostalgia starts to attack.
The budgeting and preparation part of the wedding are very important. For those that thinking of getting married soon, my advice is to start saving for the occasion and make it a memorable one.

The truth, we covered the expenses for our wedding thru passive income and gifts received from sponsors, families and friends.

Stock Market

Real estate commissions

Tax Incentives
Special tax deductions applicable to foreigners in Norway in their first year of tax residence:

29662 x 7 = 207 634 pesos    
The exchange rate used to convert nok to peso is 7.

Google Ads

724.80 X 7 = 5073 pesos

Prosperity Dance Gifts

Cash gifts received               172 000 pesos

The total passive income  =   677 456.72

There are other gifts received not included on those list like pigs, chickens, furnitures for condo, and one night stay on hotel. 

I hope you are inspired to start focusing on passive income, I don't encourage you to spend above your means but I want you to be inspired that there are sources and ways.

I'm truly blessed with a lot of things in life.
Be true to yourself and share the blessings around.
What really matters in life is the happy relationship, helping others, sharing the love and enjoy this journey to financial freedom.

Sincerely yours,


1 comment:

  1. I came for a Las Vegas Weddings and was amazed how fantastic this function room was. The view is amazing and the layout does have a nice flow - which was great!


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