My Financial Goal for 2013 and Beyond

My Financial Goal for 2013 and Beyond

2012 has been a great year for me. So far this is the most fruitful years of my internet marketing career, which started few years ago. I still have my full time job though, but I found internet marketing the most promising one.

If I need more money, most people will probably advice me to look for a job with higher salary. However, my point of view is different. Being an employee will give you fix salary without any chance of maximising your full potential. I am forever at the mercy of my company. But If I will continue to pursue my online marketing gigs, I can have a potentially unlimited source of income. The risk is so minimal as I still have my day time job. This is one of the lessons I learned from the book Rich Dad Poor Dad.

Thru my online earnings, me and my wife were able to travel Europe and visit the places we only dreamed of before. With the power of the internet, I now know everything is possible and achievable. But that didn’t come easily. I failed a lot of times on my previous activities in my search for more financial sources. By the way, I also invested and lost money as well. I’ve joined few MLM companies with high hopes, but in the end I found out that it is not enough. Network marketing is a good way to make money and I know few people who really made a lot of money from it. However, this is not my expertise and decided to move on and venture internet marketing. Joining in MLM gave me lots of important knowledge and skills which I used to venture in the internet. For that, I am grateful for joining them.

Our photo in Switzerland, with Alps Mountain on the background.

Our photo in Switzerland, with Alps Mountain on the background.

Apart from my busy internet projects, I was able to start investing in stocks from mid part of 2012. This is one of the most important decision I made for me and my family. Month by month, I managed to pour a big portion of my online earnings to buy profitable and promising stocks. I value the important of knowledge, so I invested my time in reading and learning about stocks. Bo Sanchez Truly Rich Club is a great help for me. I’m still in the initial phase, more time for learning is still needed to really understand the power of stocks.

There are few seminars and workshops I’ve attended to boost my financial and business skills. Each of them helped me a lot and will surely keeps me going on my quest to financial freedom.

My goal is to retire at the age of 40. By that time, all I want is to spend my time with my family: be a good husband and father to our future children. I know I still have a lot of things to do to make it happen, but I am determined to do within the 9 years remaining time. I just have to keep myself focus, keep on saving and investing.

By this year, I will continue to do internet marketing. Getting more clients is the game so I have to focus on getting more to ensure more monthly cashflow.  At this point, I can save minimum Php 30K out from my online earnings. This year, I will challenge myself to even double it or even few times more.

Investing in mutual fund is on my priority list for this year. Before the 2nd week of January ended, I should have opened an account in FAMI SALEF with enough fund to get only 1.5% fee. Probably around Php 100K initial investment to keep it rolling. FAMI had a great year with almost 30% growth of investment. I know 2013 will be better, and I’m betting on it.

With stocks, I’m planning to invest the minimum Php 30K monthly out from my internet marketing earnings. Let’s say my goal is to have 25% growth annually, this will become a million in second  year.

Stocks investment computation with approximate 25% growth and my initial investment.

Stocks investment computation with approximate 25% growth and my initial investment. Growth may be lower in actual, just my assumption

Mutual Funds investment with approximate growth of 30% annualy

Mutual Funds investment with approximate growth of 30% annually. Growth may be lower in actual, just my assumption.

As for my monthly salary, it will go directly into paying our bills, debt payment, health insurance, savings and other expenses. Other expenses includes monthly allowances for my supported children which are mostly my relatives, 5 World Vision children allowances and for paying my educational subscriptions online.

I still have a debt balance of more than a million from the condominium I purchased last 2009. We had a turnover last year, and I was able to find a tenant renting for a bout Php 20K per month. It’s a great help to lessen my monthly payment. By this year, I have to work harder to get the required money to pay the balance in full. It will minimise my losses to the 14% in-house loan I took from the developer. If I am successful in paying this off by this year, I might buy another condominium by next year before the school year starts. I will find another property along the UST area and loan from the bank using my existing condominium as collateral. By next school year, I’m looking forward to find a tenant and collect monthly rental to pay for the bank loan I will take.

If all goes well, in 9 years I will have more than 15 million worth of  paper assets for both stocks and mutual funds as well as real estate rental properties. By that time, I will resign from my job and enjoy the life to the fullest. Php 15 million worth of paper assets, assuming it will grow 25% per year will give me Php 3.7 million a year. That’s more than Php 300K allowance monthly, more than enough I think for us to live comfortably without touching my initial investment. Added to that are earnings from the real estate properties.

This is my financial goal and a long term plan for me. It all depends on the success I will make for this year. Good luck to me 🙂

P.S. A year ago, I do not know anything about investment. Then I joined Truly Rich Club by Bo Sanchez. It was the best decision I ever made in my life. Brother Bo is a spiritual preacher and at the same time, financial literacy advocate whose purpose is to help people become rich in order to serve the LORD with the money that they have. He guided me along the way, explaining how I can manage my money and make it work hard for me. Now I’m investing in stocks and mutual funds and have a clear path for my future. Soon I’ll open UITF account as well. All are made possible by his guidance and teachings on every steps to become an investor. Being OFW isn’t forever, this is my EXIT PLAN. It’s amazing how his teachings change my life. I’m inviting you to join the club too, JOIN TRULY RICH CLUB. If you have any question, feel free to leave your comment below. CLICK HERE TO JOIN

About Richard Macalintal

Hi my name is Richard. I am a Registered Financial Services Consultant in Singapore. If you have any queries or you need help on your insurance policies and investment linked products, feel free to message me :-) We can have a cup of coffee while I do financial review and give advice with regards to your finances :-) Contact me thru email rlmacalintal(at) or SMS me +65 82235186. Disclosure: I am a Financial Consultant of AIA. The statements or opinions expressed on this site are my own and do not necessarily represent those of AIA.

One comment

  1. Hello Sir Richard!

    it’s a blessing for me to read this useful and informative blog, thank you po for inspiring me with your financial goal. I wish you more luck Sir, and all your goals and dreams will surely come true. Keep on sharing wonderful thoughts about financial literacy Sir. God bless po.

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