Friday, February 6, 2009
Self-restructuring 101 : Increase Efficiency
Wake up early
Oh no! I really hate this. Aside from hating it, I really can’t wake up early, it’s too hard to do unless I’m excited going somewhere else hehe But there’s a lot of advantages in waking up early. And so I went to discipline myself and found out it wasn’t really that hard. Maybe wondering why there’s no so much violent reaction on my part ;) Well waking up early has become easy for me because I was truly willing to wake up early. I tried it first for a week. And when I don’t like the outcome, I would just go back to my normal wake up time 7:00 am. For 1 week, I really tried to wake up when my alarm clock goes off at 5:00 am and I did it everyday until I noticed, I don’t have to force myself to wake up early. My body clock got used to it. And I realized, it only takes 1 week to command your body clock :) With this, I was able to do my prayer and journal time during morning instead of my usual before bed time. I got healthier and a more alert mind having been able to prepare well and eat breakfast because I have enough time. And I get to clean my room before I go having it ready when I come back to rest or to do other stuff freeing more time at night. Guess what it did to me? I was able to learn a little of HTML and Microsoft SQL thru reading tutorials in my extra time at night. Amazing! :)
Get rid of your TV
This one’s not an issue for me coz I’ve long since stopped watching TV. It’s just that, it never appealed to me anymore. I’d rather do something else with my time than waste it on TV.
Read good books, internet articles, and other sources of information, learn from them and then implement, IMMEDIATELY!
I got this increasing love for reading. I can’t really get enough of it. I buy books, surf the net for information I need. But I got one problem… I don’t implement immediately what I’ve learned from them. So I got overloaded with information and forgot some of the things I’ve learned before. So, to increase productivity, I try to implement first the things I got from a particular book or article I read before going for another.
Sleep only when you’re really sleepy
Most of us go to bed on a certain time to be able to wake up exactly on the time we plan to wake up. But I’ve realized, I am sometimes wasting my time when I try to sleep at a certain time to be able to wake up at a target time only to stay awake in bed waiting for sleep to come. That’s really frustrating. But when you lie in bed when you’re really very sleepy, you can’t read a line in a book, now it’s time to snooze :D In that way, I won’t be wasting any of my time waiting for sleep to come ;)
Delegate
One of the things I’ve learned is… I can’t do everything. So I have to make my 24 hours more than 24 by using other people’s time :) Last year, I lived with my sis in a house having all the responsibilities of running it under my nose. Gosh! I found out it was really hard to run a household with all the cleaning, laundry, grocery, bills to pay, etc. if you want to live normally. So I went off hiring a house help to do the job for me. I’ve realized, my per hour pay is more expensive than paying a house help to do all those stuffs that usually eat my time. With that, I was able to use my time on more important things and earn more as I can use my time on making money ;) This time, I made it easier for me by moving out and I transferred to an apartment with utilities included in the monthly payment plus free cleaning and ready home-cooked food to buy at half the price I pay for the house and all its expenses. All I have to do is to pay and nothing else. Now, that’s really cool :)
Prioritize
Well this is old school and I know everybody knows this. I just thought it’s worth mentioning :)
There are a lot of ways to increase productivity. We all have our own ways of catching up with time depends on what we are willing to bargain ;)
Thursday, February 5, 2009
I Love Credit Cards
Now, why do I love credit cards?
Time leverage
Credit card and time are two great friends. The banks allow you to use their money for a while and return it to them when the bill comes at no extra cost. Just be sure of the amount you permit yourself to spend, that is, the amount you can pay when you’re using cash. I was able to take advantage of credit leverage when we set up our mini store. Start up capital for that was used in setting up the store and there’s little left for the inventory. So with half the stock paid in cash and the other half thru credit cards, the mini store is ready to sell. And by the end of the month before the bill goes out, there’s enough money to pay for the credit card charges without extra cost. Now, who made an investment to our store without an ROI? And besides, the bank offered longer credit time compared to the usual 10 to 15 days term when you buy on credit especially for grocery items. Now that’s really advantageous ;)
Bonus points or miles
Not only just it introduce you to time leverage, it will also reward you for taking advantage of it :) When you charge, you get extra points or air miles that when accumulated you get valuable items or free tickets to fly at zero cost when you of course pay off your debt in full and on time. When all you have ever done is give your money to them instead of giving it to the store cashier. Now, that’s really cool :D
Convenience
This is what I truly love with credit cards; this gives me so much convenience. And your capacity to spend reach far and across the globe with just a few clicks. And mode of payment are convenient too with their online banking facilities. What else can I ask for :)
Inexpensive loan can be possible
You may ask how can a credit card provide for a loan when it is solely for goods and services and cash advances. Well you’re right, but you can transform it into a loan. I have tried that myself :D I’m currently maintaining 3 credit cards but I only pay one annual fee because the other 2 cards have conditions where you can apply for a waive in annual fee. I got one mastercard from HSBC and 2 visas from HSBC and Citibank my highest credit limit. They have different cut-off dates to be able to play with my friend cash flow. And so I made the best combination for me to do my little game. Say for example I need P50,000 immediately and if I apply for a loan, it will take long and interest would surely be high. So, I opted for a credit card cash advance. Every withdrawal will cost P300 or 3% of the amount withdrawn whichever is higher and a cumulative 3.5% percent interest per month. Now that’s really very high. But I’ve found a way to make it cheaper. I’m going to apply for a balance transfer on my other cards. And HSBC is the lowest so far in balance transfers. A typical loan cost you at least 1.5% and above per month but with balance transfer at HSBC, it will only cost me .70% per month. Now, that’s more than 50% off! :D And since I have good credit standing, there is a great possibility that my application will be approved. Let’s make a comparison then:
Typical loan P50,000 loan at 1.5% per mo., 2 years
Interest = 1.5% x 24 months
= 36%
Loan Payable = Principal + interest
= 50,000 x 1.36
= P68,000
Plus a P1,500 to P2,000 processing fee
And another for insurance at about P1,000
How much does it cost just to get 50,000 now?
Cost = Interest + Processing Fee + Insurance
= 18,000 + 1,500 + 1,000
= 20,500
HSBC Balance Transfer P50,000 loan at .70% per mo., 2 years
Interest = .70% x 24 months
= 16.8%
Loan Payable = Principal + interest
= 50,000 x 1.168
= P58,400
Plus 300 for every 10,000 withdrawal
(10,000 is the amount where 300 and 3%
of the withdrawal amount is equal)
And that is P300 x 5 withdrawal = P1,500 Plus a minimal processing fee of P150
How much does it cost just to get 50,000 now?
Cost = Interest + Processing Fee
= 8,400 + 1,500 + 150
= 10,050
How much do we save here?
P20,500 - 10,050 = P10,450 that's more than 50% off savings ;)
Insurance
Now, this one’s really nice. I came across a credit card which offers a life insurance as long as you keep on using it. It doesn’t hurt to have multiple insurances ;) After all, this one is for free :)
There may be some other ways to take advantage of credit cards depends on your way of playing with time value of money, cash flow, the bank promos and your own needs. These are just some of what I’ve tried ;)
Monday, February 2, 2009
Philippines On Geo Arbitrage
Philippines being a cheap place to live is certainly an advantage for us Filipinos but with a catch like "low purchasing power" puts the advantage at par with the disadvantage (sad to say).
But are we going to be just sad on that news? No, not necessarily because it is something that we have full control. A news like "Philippines is an expensive place to live" will really give us trouble because this situation is peg on the entire economy on which we have no control whatsoever being a nobody isn't it? Good thing "low purchasing power" is in our hands :) Do you know what this news means? This is an opportunity for people who are smart enough to recognize our now borderless world.
We are now on the 21st century and things have really changed since 2000. One of the best gifts this period has given us is the world wide web. And with the ongoing global financial crisis there's a big possibility that more and more companies overseas will resort to outsourcing talents to save on cost thus, keeping their businesses alive. Companies are getting smarter to look for cheaper labor to do the same work quality they need. What does it have to do with our purchasing power?
With the internet, you can choose to earn dollars or euros and spend in pesos without having to leave Philippines. That would be a huge surplus with the existing dollar exchange rate. This is like having a forex business without you being aware of it ;) Sounds perfect? Yes, you can earn dollars too. And the good news is, this opportunity is open to everybody as long as you have a computer and easy access on the internet. We can find a lot of freelance work in the internet that are paying in dollars. (elance.com, getafreelancer.com
As for entrepreneurs at heart. Business is getting easier with the advent of the internet. You can even be in a business without a product. Amazing eh? Yes, you can by being an infopreneur where you sell your knowledge and expertise thru blog. When you have something to say that is of value, you can market it in the net and find readers that will appreciate your work and build your traffic. This requires a lot of link building efforts. And when you have traffic and regular readers, monetization can follow. Though this one requires a lot of work but it can really be done if you're determined. The best part is, you can earn passive income from this as long as you keep on updating your work and always have first hand information on the trend. Remain observant and updated and you won't get lost. You can even use other people's time and expertise in your freelance job. Once you have established your name and have regular clients, it's time to expand it into outsourcing business. Cool isn't it? :)
With these things available today, it is becoming more easy to earn money as you can find a way to monetize your talent and skills not just in your place but around the world. All you have to do is to keep on learning. And if you love travelling and lazying in an island, you can now imagine what this means ;) The world is getting better in that aspect. It is less restrictive and more accepting but very fast and you can always anticipate and hope for the best.
In our time today, information is king. And when you have the ability to make use of that information, you will always be at an advantage as you will be able to make yourself in pace with the changing time.
Thursday, January 15, 2009
The Best Job In The World
http://www.islandreefjob.com/#/about-the-islands/photos.
http://news.yahoo.com/s/afp/20090113/ts_afp/lifestyleaustraliatourismoffbeat_20090114063356
Fellow bloggers if you're interested, upload your application now. It's a one of a kind type of job where you will be paid to have a vacation hehe and all you have to do is to promote the island thru blogs, videos, etc. You will even be exposed to media (celebrity mode) :) But the good thing is that, they don't really need a beautiful face all they want is the charisma so better chances for the not-so-you-know hehe and this is a paid job for AUD $150,000 for 6 months! Haaaay... I don't know how to swim so I'm passing this to you hahaha
Wednesday, January 14, 2009
My Adventures and Misadventures? :)
Adventure number 1 - My diving experience
This one's my number 1 favorite :) I love the feeling of being under water meeting water creatures for real :) It left me feeling enchanted for a week. Would love to do this again and hopefully in a more challenging and beautiful site.
Exploring Samal underwater. Cold and beautiful under :)
Adventure Number 2 - My cable car rides in Sentosa and Genting Highlands
This one's not so extreme, it's more of relaxing yet breathtaking. I loved the ride and the beautiful scenery.
Adventure Number 3 - White Water Rafting! Whew!
This one's super extreme and exhilirating. I loved the wild river throwing us up and down, right and left, attacking us like a washing machine would do hehe except that it's flowing forward.
Adventure Number 4 - Zip Lining at Camp Sabros and Extreme Samal
I never knew being "Darna" err "Krystala" oh erase, I like "Dyosa" better :D is more fun than I've imagined.Extreme samal above water zip line. Lost my camp sabros pic :(
Adventure Number 5 - Rappelling on a cliff and hanging above water
I thought I couldn't do it but hell it was so easy and fun. Will do this again and again but please put an elevator hehe I can't stand the climbing stuff.
Adventure Number 6 - War Game with Lingkod Sisters
I love this activity with my Lingkod Sisters. We went paint ball shooting and I love the fun. Lingaw diay mag gira2x no? hahaha.jpg)
Adventure Number 7 - My Shooting Career
My friend Joy brought me to the SWAT firing range and there I learned to use the M16 :D
Adventure Number 8 - Riding the space shuttle at Enchanted Kingdom
"Lord, take me to where you are if I'm going to die now" This was my prayer during the the riding experience. I felt like I was thrown into an endless abyss hahahaI rode that monster behind me but I survived though :)
Adventure Number 9 - Riding the Star Flyer at Star City
I'm not that afraid this time coz I know what to expect after trying the space shuttle. But it somehow scared me. it was as if I was thrown into outer space hahaha
The star flyer :)
Adventure Number 10 Misadventure rather ;) - I played mischievous little girl at the PMA museum :D
All displays at the PMA museum are hands-off. Until I found the stuffs the PMAers are using. It was not meant for touching they even put a chain around it. But since no one is watching and Nadel wants to do something, so Nadel went in, pose with the PMA cadet statues, rummage a cadet's cabinet and put on one of the PMA jackets :)
Does it look nice on me? :D
Don't ever tell them honey okey promise me ;)
These are the things I've accumulated from my travels and fun. I wonder what else will I do this year :) Haaay, I'm dreaming of trying the sky diving.
Wednesday, January 7, 2009
ANYTHING 2009
They say that health professionals are still in demand and IT people are not that marketable with the emergence of transferring jobs offshore. These types of jobs can easily be thrown offshore as well as finance and accounting jobs. Green jobs are “in” as more and more companies are getting more aware and become more responsible with saving earth. Sustainability-related careers are definitely a good way to keep on going.
What about if you just got out from high school or contemplating a change in career path? You may want to consider these 5 best careers in 2009 released by US news and world report. These are Health Policy Specialist, Fundraiser, Higher Education Administrator, Management Consultant and Usability / User Experience Specialist. These careers were identified based on job outlook, average job satisfaction, difficulty of the required training, prestige and pay.
But I think, we don’t really have to worry about this as long as we keep on equipping ourselves and keep a positive attitude. That’s what we really need during tough times.
As to the color of the year, pantone “the global authority on color and provider of professional color standards for the design industries”, announced yellow as the color of the year. Such yellow is specifically called PANTONE® 14-0848 Mimosa, a “warm, engaging yellow which embodies hopefulness and reassurance in a climate of change”. This is so perfect for the current status of our world today, with climate change and recession taking place.
As to fashion, designers may consider the issue on climate change and create a fashion statement that cares much for saving our earth. May it be using environment-friendly materials, energy-saving garments, maybe solar generating energy items (why not?)
As to goods, more and more goods will be produced that prevent or lessen the exhaustion of green house gases that destroy the ozone layer and there will be more and more programs on cleaning earth and more awareness and education on calculating carbon footprint. The use of gas maybe minimized and may interest more inventors to come up with more ways to generate energy without the use of fossil fuels.
As to government, more policies might be passed and imposed on climate change issues. People immigration might also increase as there are large countries with large economies that needs to be built by skilled people. Such countries are opening or loosening their immigration laws to cater the need of their economy.
All in all, there may be part of the world that will have a hard time and there will also be in good stance. It’s just like a bubble. When a part is squeezed it will definitely bloat the other part. And so opportunities will still be there we just have to always equip ourselves.
Tuesday, January 6, 2009
Unlimited World
Globalization made the world one as standards for most professions are made similar in any part of the world so your competency will now be able to reach and still applicable in any part of the world thus, creating gigantic opportunities and many choices to choose from.
The internet has connected the world. People can reach other people even if the other is in the other part of the world. All these things had been unimaginable before. More and more people can now afford to leave family and work overseas because of the many communication tools available today. Anyone can now own new and hi-tech gadgets as more and more affordable products are competing in the market.
People can now easily travel as budget airlines and accommodations are in abundance. Countries which lack people are making attractive immigration policies to be able to win the best skilled workers in the world. Love can even bloom through the internet. Before, it will take weeks or even months to contact a loved one through snail mails. People from different parts of the world meet and find the love they were looking for. So the possibility of being alone forever has lessened hehe
The world has indeed become small at the touch of the fingertips. And everything has become convenient. But the irony of it is that, people never truly communicate. They got so busy and no time for other people. The value of family has lessened and more and more couples do not prefer to have children. Life has decreased in value as standards for morality has declined. Anything is possible in our time today. It makes us more human and dignified at some degree as we have finer things at hand but at the same time it made us less human and with no dignity too as relationships suffer, there’s too much liberalism that hurts morality and we become more susceptible to sin. Indeed, there is a price for everything. Every good thing that comes has a price tag on it and it’s up to us to decide what’s more important.