February 27, 2012

2012 – BOOM!

Posted in Uncategorized at 7:43 pm by kimsan23

It’s 2012 friends and I have not written here for a year or so.  You must be wondering what happened to me.  Well, it’s been one crazy thing after another but I am still afloat!

I still have pretty solid goals for 2012 and frankly, 2010 and 2011 weren’t as profitable as expected. 

Key events:

  1. Moved jobs in 2010 (some financial impact)
  2. Got a divorce in 2010 (this was expensive)
  3. Moved homes in 2010 (expensive as hell)

Accomplishments:

  1. Paid for my car in full  (YES!!!!)
  2. Opened a soap business (WIN!)

So where am I now?  I’m not back to zero…almost happened though but so far it’s been better than I expected.

Cheer me on please…I have so much to recover from.

 

 

 

 

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July 29, 2009

Beating the Recession

Posted in obstacles, planning, saving tips, Uncategorized at 2:48 pm by kimsan23

A few months ago, a friend of mine heard a guy in a convenience store ranting about how the recession only affects “rich” people.  The comment was basically like this:

Recession?  We normal people won’t get affected by that!  It’s a problem for rich people!

I am surprised at how uninformed (or in denial) many people are when it comes to the ongoing recession in the USA.  Of course, analysts are saying that the market is picking up and getting better but you see, try not to get your hopes us too high!  25 years of making financial mistakes won’t be repaired in a year…thankfully, it won’t take another 25 years as well.  Give or take 5 years and hopefully, the economy experiences a full turnaround in favor of the consumer.

In the US, people are spending less to battle the economic situation.   They taking steps to ensure financial stability on an individual level.  Just because the recession has made a direct hit on the US market, doesn’t mean that we are not affected.

For the call center and BPO industry, it could go up or down.  US based clients may outsource more given the tight budget they currently have or may close down some business which may result to outsourced projects being canceled.  I myself have heard of a number of small business BPOs that have shut down Philippine operations because of account/client cancellation.  So you see, no matter how far away the US is from us, we are also directly affected by the economic crisis.

The US economic situation affects everyone involved in global business no matter how big or small…from the owner of the business down to the laborer.  this is a reality that many people are not accepting and non-acceptance leads to being complacent and carelessness.

Even when one is seemingly unaffected by the economic crisis, it is always advisable to be ready for any financial emergency.  Fuel prices are rising again (it just went up by 2 pesos) and normally, consumer good prices would rise as well.  Services will also become less cost efficient and many people will have to exert extra effort to maintain their lifestyles.

Beating the recession is not an easy lifestyle change but IT CAN BE DONE.

Many of things I’ve written in my blog lead basically to achieving financial freedom.  Now it takes on another role, gaining financial security amd preparedness.

1. Don’t cut down on savings, cut down on spending.  Prices have gone up but I still manage  to save the same amount of money I used to save even before the recession hit.  Remember, savings first before spending!

2. Cut down on leisurely activities or downgrade.  Instead of eating out 3 times a week, reduce it to once…etc.

3. Plan for meals at home and packed meals to save on food bills.

4. Unplug electrical appliances when not in use.  Put your airconditioner on timer settings if you must use it when you go to bed.  It saves on electric bills.

5. Try your best to reduce habits like smoking and alcohol.  These are expensive habits that could cost you a lot of money lost in the long run, not to mention they’re quite unhealthy as well.

6. Don’t invest your heard-earned money in get rich quick schemes, you may just lose it!  (Been there, done that and learned!)

7. If you are in debt, start getting out of it NOW.  Try these tips on becoming DEBT FREE.

If all of make a conscious effort to battle the recession by cutting down on spending without cutting it out  completely (which is impossible and if done, the market will definitely crash!), it would be easier for us to prepare for many financial emergencies that could affect our way of life.

March 3, 2009

My Wundleberry

Posted in Uncategorized at 4:48 am by kimsan23

Once upon a time, there were two bunnies, a big bunny and a little bunny who lived in a tiny burrow at the edge of a big cabbage patch. Everyday, both bunnies worked very hard to harvest and sell cabbages in the bunny marketplace at the forest clearing. The big bunny’s job was to harvest the cabbages at night, while the little bunny would hop into a cart to take the cabbages to the market every morning at the break of dawn.

One day, the big bunny got sick and wasn’t able to harvest cabbages. The little bunny harvested and sold the cabbages and became very very tired that she fell sick too.

The bunnies were sick for 3 days, and their food supply was running out but they managed to get better. They realized that the cabbage patch was way too difficult to manage on their own. They worked too hard for too little. During the weekend, the bunnies hopped into the forest to explore new places. Little bunny hopped so high and so fast that she ran into a big bush! Big bunny came after her and saw her sitting among beautiful red berries.

Little bunny was so adventurous that she ate a few berries. Big bunny was worried that they might be poisonous. Hours went by and the little bunny was still fine. The bunnies discovered that the yummy berries were safe to eat. So the big bunny took a bunch and sold it in the market.

No one had ever seen big red berries before! They were so yummy that they sold like wildfire! The bunnies called the berries, Wundleberries!

Soon, everyone had heard of the wonderful wundleberries sold by the big and little bunny. Soon, the two bunnies made a fortune and did not have to work in the cabbage patch again.

The End.

——————————-

So I’m going through some turbulent times now. I’m at the brink of going nuts at work but I am still holding on.  Looks like I’m not inheriting the family business. As usual, someone went back on his word and the business is now stuck with some who, I dunno…seems to be running it into the ground. How in the world does this person expect the business to be big if it’s not even registered yet to issue receipts? Business basics? It doesn’t even have a permit to operate in the city it’s operating in. DTI? Where?

It may sound really mean but I’ve decided to put up my own business of a similar nature. It’s falling into place for me right now, the signs are there. The business is a dimsum thing. The cook/baker that worked for my family has resigned and is now asking if I want to hire him. Sure I do! The guy’s a jewel!
I just made a call to one of my good friends and shared a business idea with her.  We’re doing food carts, dimsum food carts.  I can guarantee the production of the food items, we’ll just need a solid plan.  So, we’re meeting on Sunday afternoon to discuss plans for our business.  It will entails an investment but hey, you gotta give some up to get some i, right?  Wish me luck!  This may be my Wundleberry!

April 28, 2008

Memoirs of a Job-Hopper

Posted in Uncategorized at 11:49 pm by kimsan23

One thing not a lot of people know about me is that I am a bit of a JOB HOPPER.  I hopped through about 5 permanent jobs and a few freelance projects in a span of 10 years.  Many people will say that it is a bad practice and that job-loyalty goes a long way into getting hired by great companies.  As a trained and seasoned recruiter, I must agree with that principle.  However, I think I would have to contradict that as well — considering that I have been in and out of jobs but always at a better rate with better pay and benefits.

I’ve always been the type to go for the highest offer.  There was a time when I took a pay cut only because I wanted to gain expertise in a new field.  After that, I’ve been rising non-stop on the corporate ladder– only, in different companies.  Every time I transferred employers, it was always a higher salary and a higher position. 

I dare say that this was one way I was able to earn a little extra every year or two in the past 10 years.  I do not advise this for everyone, I may just be too lucky.  In the industry I’m in, job-hopping is quite the norm.  Gone are the days when most companies hire based highly on your tenure and staying-power. 

I attribute a lot of my financial success to my drive to always be better and do better.  If I had stayed in the first job I had once held, I wouldn’t even be making half of what I make now.  I desired to grow and the universe listened.  Only, it was granted to me in the most controversial and un-orthodox manner. 

Looking back at what I have accomplished as an employee, I will always remember that I got lucky both through my own merits and through luck alone.

This piece of advice from me can be compartmentalized into the following step-by-step “Guide to Job-Hopping for Success”

  1. Pick  and apply to a job where you would like to excel. 
  2. Stay until a better offer or better opportunity comes along 6 months to a year at the least.
  3. Always check if the company you are applying to or is pirating you is legit.
  4. Accept jobs that will offer you at least 50% more than what you’re getting.  I sometimes settled for an additional 30% but that was because I was starting out. 
  5. Do not forget to inquire about the benefits (medical, life insurance, bonuses etc.)  Sometimes, moving to a job with a higher payout doesn’t mean financial improvement.  You need to consider other things like schedule, transporatation and food expense. 
  6. If you get the job, DO NOT immediately upgrade your standard of living.  Wait a few months til you feel you are stable enough.
  7. Make yourself useful in the new job and learn as much as you can.  Document your accomplishments as well as other highlights of your career.  This will ensure resume-interest incase you are ready to move on.
  8. When you find something better, go back to Step 2.

When you get the job you think you can sustain (considering factors like schedule, posiiton, salary, location and specialization), that is the only time you really wanna  plan to stay.  So far, I think I’ve finally found that job.

December 13, 2007

Inspiration

Posted in Uncategorized at 1:09 pm by kimsan23

The thing that inspired me to write a blog about saving up is basically this…that I’m not gonna be young forever and that I need to make sure that I have a secure future.

Earlier today, I attended a company seminar (more like a quick learning session that lasted for an hour) about budgeting. It was so informative! I actually learned a lot of things.

It was about personal finance and how to budget money according to net earnings.

The thing I actually was surprised at was that we should set aside money for savings before touching the rest of your money.  Aside from that, savings should be 20% of your net earnings, not just 5% or 10%.  Still it was so hard for me to fix  my own budget since (1) I work in a 3rd world country with a 1st world lifestyle, and (2) I simply am not earning enough to save any money.  It’s so hard to live within your means when you don’t really have enough money to spend. At this point, I am sad to say that I am only able to save 500 pesos per month.  So when the inferno am I getting my million??? 

Time to make some budget related spreadsheets!

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