Tag Archives: Moneydoctors

How We Did It

September 25 7:55 pm ,

 

A Door, Windows

“Did”.  I am not sure about that word.  Because it is in the past tense and means the fun and the adventures are over.  When they are not.  We are just beginning.A reader wanted to know how we “did it”.  She said she read my first post but that I just skimmed the surface of how we overcame the bleak prophesies of our first financial planner, that I did not really explain how we got that 24% increase in our annual income, and more importantly, how we overshot it.  If you have not read that first post, here is what our first financial planner said:

“While the couple’s Emergency Fund Ratio (EFR) will be over 1x by the end of 2007, the ideal ratio is 3x.  The couple would need to add around Php149,000 to their annual income to meet such a ratio.  To raise their savings rate to 18.1% from 6.7%, the couple would need additional annual income of Php262,000, or add 24% to their current annual income.”

So, how?

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Posted in: Financial Education, Life Stories, The Beginning , Tagged: , , , , , , , , ,

100th Post and a Dash of Thank You’s

May 22 6:33 am ,

Thank You

After 99 posts, 453 comments (54 of which are spam which I have not deleted nor approved) and 699 tags, I come to this, my 100th post.

To think that YouWantToBeRich started as just a requirement to get a certificate in MavenSecrets, a professional blogging and internet marketing education seminar that I attended in 2009.

I did not know that it would change my life and give it colors that I never knew existed, or give me opportunities for self-expression and advocacy in a niche that I was just getting really interested in at that time.

At first, I thought I would go into food and travel because like Anton’s OurAwesomePlanet, it was my passion.  I even asked hubby to buy me a camera to herald my entry into the blogosphere via a food and travel blog.

But I am glad I went down the path of learning about money and people and their money idiosyncracies (especially my own and my family’s).  It felt good to chronicle this journey and to look back and learn from it again.

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Posted in: Mentors, The Beginning , Tagged: , , , , , ,

Writing Your Will and Making an Inventory

February 23 3:58 pm ,
Delve Deeper

Delve Deeper

I have a confession to make.  I have not written my will.

I do not know what is stopping me – not the thought of invincibility because slowly I am finding out the truth and fact of my humanity.  Not for lack of knowledge – I have drafted wills for others and other more complicated – and more sober (sobering?) – documents. Not for lack of having given it thought – because I have.

Then what?

Because writing a will is an emotional exercise and I am not sure if I can handle the enormity of it.  It is half love letter, half goodbye letter, transmitting all of your hopes and dreams to people you hope not to leave behind too soon.  It is a practical letter, an inventory of your life and what you have accumulated in terms of the material and the familial and the emotional.  It has a potential to be controversial, leaving in its wake disappointments and tensions and conflicts that you no longer can put under control.  It is a testament to what your life has been, to what you valued and continue to value.  It is a last heave before you and your life and your words says caput.

And how do you say goodbye?

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Posted in: Financial Education, Financial Planning, Insurance, The Basics of Finance , Tagged: , , , ,