My second Blog! (27/02/2005 )

My second blog! On the last blog, I have just joined the insider access wanting to learn more to help me increase my FQ to achieve my goals. I've placed an order on the 19th Feb and after tracking it EVERY single day, it has finally reached my hands!!!!!

I've bought:
1.Cashflow 202 E-game
2.Road to Riches:6 steps to becoming a successful real estate investor

And they costs me SGD$450!!! I am determined to make the most out of it! This is where my money in my "Investment" piggy bank are spent. Now and then I will invest in my FQ to upgrade myself. But I still spare some of the $$$ in my "Investment" piggy banks and learn to look at stocks and Real estates opportunities in my country so I can invest on them when I have enough.

And just today, I've used my "Savings" piggy bank money to buy a savings plan with my local bank. The thing is, I save about $6 every day and every month, I will save around $200. Hence, I thought of puting it into my very first savings plan. This plan is a long term savings plan of 15 years where there is a non-guaranteed projected minimum and maximum interest per annum.

Meaning:
End of 15 years, I'd have put in $36,000 and the value I will get back (base on the minimum interest project per annum) would be $42,518. Based on the maximum non-guaranteed projection, it'd be $57,298!

I will be looking at other banks to for a 10 and a 5 years savings plan as my pay goes up to put my "Savings" piggy money.

I have also put aside $65 per month to buy an accident plan. Which means IF I should die in any accident or have any permanent disabilities, i will be paid SGD$250,000. In case of death, my immediate family will get it in equal shares (based on the Singapore laws since I have not made any wills as yet). In case of any major illness, i will also be paid SGD$250,000. This is made such that should I loose my ability to work, it will not burden my family for awhile. Reason for the value insured is based on surviving $2K/month for 10 years.

Today I've also made some changes to my personal monthly cashflow:
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Income:
Earned- $2100

Expenses:
Transport- $300
Food- $300
Parents- $500
Laptop loan- $192
CC loan- $138

Assets:
Frd 1 (Arm) owes- $304
Frd 2 (Reg) owes- $88
Frd 3 (Pris) owes- $20
Frd 4 (Kev) owes- $20
Frd 5 (Z X ) owes- $50
Frd 6 (L P) owes- $500
Work Transport claim - $22

Liabilities:
Laptop loan- $3840 (20 more months to go)
CC loan- $2760 (20 more months to go)

Cashflow:
$670

COH:
$577
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And out of my $670 of cashflow, i've decided to do these:

"Savings" piggy bank:
15 years saving plans with bank 1- $200
Accident plan- $65

"Investments" piggy bank:
$305

"Charity" piggy bank:
$100

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Whew...what an change! I'm glad I did my statements here, this help me to keep track of what I have done and what I will do.

Next, few things I have set to do for the next two weeks to improve my FQ:
1. Meet up my financial advisers
2. Finish the book "ABCs to real estate investing" by 5th March 05
3. Play 101 e-game at least once a day
4. Learn how to play 202 (Since I've just gotten it!! Hurray!) by 5th March 05

That's all! Signing off now. ~PoOf~