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October Updates and My Search for Additional Source of “Active Income”

October has been a busy month for me. My daughter celebrated her 1st birthday last Saturday, October 18th and I spent most of my time preparing and DIY’ing (customizing) everything from the invitations to the decorations, loot bags, and all other stuff. Though I spent quite an amount for that, I could say that our expenses were much lower compared to if we had it done at a fast food restaurant or at an events place but without sacrificing the food and the quality of the stuff I made. It was tiring but it’s all worth it.

I temporarily took a vacation from my investments. I’ve been really busy with other priorities and I knew I won’t be able to focus if I did it all at the same time.

My portfolio in the stock market is still showing negative and I urgently need to take a closer look at each stock. I need to do a comprehensive research and decide on which stock to retain and which ones to let go.

In forex on the other hand, I have been trading using my demo account. I earn, I lose, and I earn again but I’m not yet confident to trade using my live account with my prize fund. I need to study more.

My savings and emergency fund turned negative after all the expenses incurred lately. Thanks to my mutual fund which came to the rescue after reaching the maturity period of my 5-year contract. It wasn’t much but not only had it saved us from getting into debt, but it also helped us in starting over after all our recent expenses.

I got my husband, myself, and some family members insurance policies from Philamlife, which I got at a much lower price because I acted as the “middleman” or the agent. That was really the original plan – to be a licensed financial advisor or insurance agent so that I could avail of my own policy at a discounted price through my commission. But because I believe in the benefits of having insurance, I made it a part-time job in order to serve others who are also interested.

Aside from these, I’m also thinking about putting up my own business. On what type of business and how to do it is something that still remains to be a big question for me.  Thanks to the seminars and mastermind sessions that I’ve attended because somehow I learned about business plans and ideas. I still have so much to learn but I’m taking one step at a time. And hopefully I’ll be off to a good start pretty soon…

For the meantime, I need to find ways to earn additional “active” income. I have a small investment in the stock market but I consider it as a passive income for our long term goals. My husband is the sole provider for the family right now and we make both ends meet by “living within our means.”

I budget his income as effectively as I can and I think I’m doing a good job because we’re able to manage our expenses. With his income alone, we’re able to pay for our necessities, utility bills, baby’s needs and we still get to dine out or have our family date at least twice a month. He doesn’t earn that much but we’re happy because we don’t have debts. However, we usually have very little or even nothing left for our savings and investments. And that’s the very reason why I’m currently looking for opportunities to have an additional source of active income.

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Random Updates

The “Secretary” in Me

It’s been a few days since I published my last post and I missed this blog. A lot of things happened. I hadn’t been feeling well in the past few days due to flu, my baby and I had a short staycation at my sister’s place (previously mine) to catch up with my mom who had just arrived from the province, and I ran a couple of errands mostly for my family.

I consider myself as the secretary for both sides of my family. Actually, my husband used to call me “sexy-tary”.  But now, he calls me “taba-tary” and I guess there’s no need to explain why. You should know by now. 🙂

Anyways, as a secretary, I take care of different things from the simplest to the most complex kind of stuff, and from my personal accounts to other people’s businesses.

On the personal account side, I take responsibility for the proper budgeting of our limited resources, I manage our small investment, and I make sure that our small savings in the bank don’t fall below the maintaining balance or at least recover in no time if it does to avoid penalties and account closure. I also make it a point to pay our credit card bills in full and on time to avoid interest charges.

Managing other people’s accounts is supposed to be none of my business but because I like being the “secretary” and it’s fulfilling when I’m able to help others in my own little ways, I continue to extend a helping hand whenever they need my assistance.

In the week that passed, I’ve ran a couple of errands for some members of the family. Aside from the usual budgeting 101 session with my youngest sister, I also helped with her credit card application – from completing the forms, sending email requests to her employer for COE, ITR and other requirements, and finally submitting her application online. I also helped her and the rest of the family with their SSS Online Registration and now they’re all able to view their contributions without having to go to the branch anymore.

I also take care of my OFW brother’s SSS and Pag-ibig contributions. When he has issues accessing his online accounts, I’m the one who makes email requests to have it reset and reactivated. When he can’t do it, I do it. He and his fiancée are planning to get married next year and because they’re not in the country right now, I take responsibility for some of their needed documents like their Cenomar, marriage applications forms, seminar schedules, and even the wedding preparation itself like the search for the venue, caterer, and a whole lot more.

I do all sorts of admin tasks at home. I make appointments for visa application and passport renewal. I book flights and buy stuff online for other people. I look out for promos and discounts for products and services. I keep receipts and mails. In short, I try to make things easy and organized for myself and for others. And though I receive “tips and treats” at times, I don’t get paid for doing this. But it really doesn’t matter to me. What matters most is that I’m able to help others and hearing them say “thank you” and “good job” is more than enough to make me happy and satisfied.