Where We At Financially This 4th Month Of 2015?

I just checked our current portfolio as of the first quarter of the year. Looking at it, and our goal to achieve 1 M by the end of the year, appears like I am monitoring it on the wrong time frame. Hahaha. Ok, it reminded me that I still have lots of stuff to learn. Anyway, after this, my next post will be at the end of the 3rd quarter or by October. And the final update is at the end of the year.

I am just giddy looking at the numbers right now. Like I have told you from the previous post, this is our goal for this year. That is to achieve our first M in cash and paper assets. And that they say the most difficult part is reaching the first M and then the next M will be easier. Positivity.

To be honest, all I wanted is to spend this amount but I know if we do not start with this simple goal, then how are we going to see the next goals/dreams we have plotted? Remember, we wanted to reach financial freedom where we can sit back, relax and enjoy while money is making money for us. Oh, how I hope that is too soon.

Anyway, at this time, we are way far from it and we are enjoying the lessons this journey is bringing us. Aside from being giddy with the numbers, I am a little bit disappointed to some key areas. It is good to know that we have increase our MF composition by 4.51%, retirement fund by 2.74% and 2.11% for our child's education. Note that this percentage is the percent composition in our 1 M target. Overall, we were able to increase our savings and investments by 6.23% for the first quarter. Lowering our gap by 17.36% still lacking to the target 1 M. Way to go.

The major increase was derived from the bonus I have received last February. Also the interests earned by our RTB, time deposits, MFs, and retirement fund. My current stocks pick are not doing well yet. Looks like I picked a different one and may take a longer time to turn green. Anyway, I am not in hurry and I am in the learning process, so this is just fine for me.

Notice that our Emergency Fund, is lower in the composition matrix as well. This is where I am disappointed the most. I actually borrowed an amount from this emergency fund (Php 40,000) because I went short with the house renovation. Those little details that I have unforeseen at the renovation start up. I know Emergency Fund should be treated as really for emergency situation but instead of borrowing with interest or withdrawing funds which could incur charges, I opted to get from the EF. The notification that there was a short budget came late too. Just last week when I made an audit to the expenses. So we are a failure with building the Emergency Fund this quarter and we are hoping that this next quarter we can be able to get back on track. A lesson learned for me, that aside from the amount set aside for anything, I should have saved a back up or a little over the said amount for any miscellaneous.

Anyway, I am more positive we can do that since the house is almost done. I can feel they can move in in the next few weeks. Hopefully before the rainy seasons. The delay was mainly cause by the unavailability of workers. It's been since February, thus, with no one to work on a daily basis, work is only during the weekends.

Just sharing. God Bless. :)