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; .

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