Tag Archives: family

A Junior Manager’s Story, Part 4: Conclusions

SAM_3097I am convinced that I am supposed to be doing something else rather than being a slave in a white collared shirt, tie and suit; having fixed hours in the office and fixed salary month in and month out. I will never improve the state of my family if I stay in the office and do the same thing over and over. I need to get out of this and start exploring new things.

I am personally investing in the stock market through an online stock broker. They have this long term program which I am taking advantage of. It is a no-brainer. With just consistently investing 5000 pesos per month, I am GUARANTEED to be a millionaire in my late 40s. I am just 26 years old and have just been investing in the stock market for just a few months more than a year. I will not achieve that millionaire status in 20 years in the corporate world, I know; which is why I started investing. I also invested in a Multi-Level Marketing (MLM) business last January. My progress has been very slow but my marketing is just almost half of part-time. I know people under me who also joined the business, who were 5 years younger and undergraduates. They have already bought their 1st cars in their first 6 months! They already have cars! After 5 years of working I can’t even get approved for a credit card! These are full-timers in the business and they do all the leg work. It’s not easy to encourage people to join the MLM industry, especially here in the country because of the business’ bad reputation. But they were able to! That’s what you call hard work, dedication and faith. Anyway, I’m not marketing my MLM business; that’s in another blog. J Going back, they are able to earn more and have the free time to spend in excelling in their businesses, with their families especially their children.

invest phpI cannot even spend time with my son, nowadays. My son’s time is unpredictable. He plays whenever he wants to, the time when he’s hungry and sleepy can’t be anticipated, and other stuff babies do. Another thing is that working out has always been inconsistent for me due to time constraints. I want to have that kind of freedom: to be able to work out during my scheduled sessions and spend time with my son whenever I want and not think of sleep because I have to wake up early to go to the office.

What I’m trying to say is that employment will not make these possible; and it will be extremely difficult to make it happen. There are other things to do out there which will give us this freedom. We all just have to learn to open our minds, take necessary risks and believe in the system we’re going to get into and do the work in order to achieve our goals.


A Junior Manager’s Story, Part 3: Realizations

Through my 5-year work experience in the corporate world, I’ve had realizations on how things are and how I should move forward toward the goal of maximizing my efforts, time and money as I continue to be a provider for my family. I have listed them down and continually revisit them whenever I lose focus on what I am doing or supposed to be doing. These are important key points based on myself and my life which guide me in making decisions and choices every day.

The first one is life as an employee. In Filipino culture, we are told by our parents to study hard, get good grades, graduate from at least, a 4-year degree or get a master’s degree (when able)all for the sake of landing a great job in a good company. As I’ve realized, life in a corporation is never stable when we are considering the long term. You may be well-compensated for your work but there is always the risk of getting cut either due to bad performance, misconduct, a simple miss or even during an unpredicted recession. Planning years ahead isn’t practical when you’re working as an employee because you’ll never know what your fate in that company will be. There is also the salary, no matter how hard you work in a company, within your 8-hour work day, you’ll always get the same amount of pay (with the exception of sales companies, obviously) month in and month out. Yes, you eventually get promoted but still, the amount that you’ll only be getting monthly is the one which is written in your contract. Another thing is regardless of what line of business you’re in, whether it’s with sales or operations, it is extremely rare that you get to acquire your company after your years and years of service with it. You may be granted stock shares or even a position in the directors’ circle but still, the company will not be yours to own. Being a member of the Directors’ Board doesn’t excuse you from getting cut. Retirement is the last phase in the life of being an employee. People from the corporate world retire in between the age of 60-65. At this stage, they have already spent at least a good 30-40 years of their lives working extra hard with companies to provide for their family, send their children to college, and basically pay for the same process to be repeated over again. After they retire as employees, they may receive maybe 5, make it 10, million pesos as their retirement fund in exchange for their years of service (note: this amount isn’t standard for all retirees. More often, this amount is lesser, much lesser that the retirees often go to re-calculate everything and hog on their employers just for them to give them the right amount). To think of it, healthy retirees, who had great lifestyles and are without vices, will live another 20 years. Do you think 10 million will last throughout those 20 years? I’d say “no”. More often than not, people who receive that amount of money when they retire aren’t even able leave money to their relatives to pay for their burial expenses when they die. It is sad but this is happening.

The second point is the value of money. As I’ve said previously, most people of age retire from work with funds given to them by their companies only. Again, that usually only gets them through a few years and then they start to depend on their children to care for them. Some of them do have their life savings, yes. However, they usually save in banks or keep the cash hidden somewhere safe. The problem with both these situations is that money depreciates over the years. Your 1000 pesos from the last 10 years will not be able to get you as much now. The value of money is lost when it is kept in places all of us know; which are usually the only places we’re made aware of. There are other places to invest/save our money: stocks, mutual funds, real estate, etc. Unfortunately, we were not informed about the gains and benefits we can get from these. Thankfully, we are encouraged by those who are already investing in these. Our response and our choice, on the other hand has often been negative. Our responses are anywhere between “I do not have the extra money to invest”, “I have no time to learn about that investment”, “it’s too risky and difficult”, “maybe next time” or “I’d rather be happy than be rich”. I always say that you never have “extra” money, NEVER. You’ll always have something to spend it on. After the days have gone by post pay day, you’re already out of cash waiting for the next pay day to come; and then the cycle repeats. My solution to that is when you get your salary, set your investment money aside. If your pay is 10000 pesos and you’re looking to invest 3000 pesos, let’s say, in the stock market, set the 3000 pesos aside as soon as you get your 10000. Consider your pay to be just 7000 pesos. If you do this, your investment is accounted for every pay day. You will never have to miss your scheduled investment. Additionally, by simply doing this, your budget will improve. You’ll automatically cut your expenses down by 30%, guaranteed. The beauty of this, especially with the stock market, is that there are proven long term investment programs online that stockbrokers offer with very low risks and which only ask that you be consistent with your chosen program. Have your money work for you. Start early and invest now.

The last point I’m going to cover for this article is the value of time. You need time for family, time for your friends and ultimately, time for yourself. How can you claim this if an hour of your day goes by just preparing for work; or just by going through traffic? Imagine this: an hour to prepare for work plus an hour in traffic on the way to the office; then another hour to go home. That’s 3 hours a day wasted! Add another 8 hours of sleep (if you’re really getting that much) and an additional 8 for hours spent in the office. That’s 19 hours a day just for 4 things. You’ll only be left with 5 hours for your day. How about the chores, running errands, spending time with family or friends or even overtime or take home work? There goes another 24 hours! You become productive in the office, yes, but for what, a fixed salary? A promotion that will give you more work and require that you spend more hours in the office? What I’m trying to point out is that there are other ways to earn much more than spending 8 hours in the office doing repetitive and routine work. Spend 8 hours in your own business or doing something you love most and become an expert with it, and start marketing yourself. There are businesses that are easy and affordable to start. Open your mind and start searching for them.

realizationThese are just 3 points that I consider major in an employee’s life. I want people to see these points and be encouraged to go out of their office buildings and think and do something different. Let’s not be slaves to the corporate world and think of our lives not as employees but as independent business men. Let’s evaluate our perspective with regard to how we spend and keep our money and make sure that we use the precious time given to us to be as productive as we can be.

A Junior Manager’s Story, Part 2: Life as an Employee

dadMy Dad and his Career in the Corporate World

My dad is the best man I know and I love him dearly. He is a true family man and has kept his family intact since 1986, steadfast with his faith and he has molded me into the man I am now. He started working since before I was born and he still is after almost 30 years. He made his way up the ranks from being a medical representative, management trainee, supervisor, sales manager, operations manager even up to vice president of a company. He has his master’s degree in business administration from a prestigious university here in the country and has been a provider all his life. Our lives have been up and down and up again thanks to him. However, due to his advanced age and his major operation back in 2009, he is currently working as an operations manager handling 10 people in a small, local call center. The job is not to be taken for granted but the number of people I currently handle and my salary is almost double of what he currently has. He wasn’t able to start investments, he doesn’t have his own house, he sold the house his dad gave him when our family was down once, and he doesn’t have his own car. My grandmother (dad’s mom) is living in an apartment owned by my mother’s parents. She has ailments due to old age but my dad has limited resources to help her out. I do not intend to belittle my dad’s life accomplishments but should I take that same road my dad took? If I did, should I expect myself, and my family, end up differently as my dad did?

PHPMonthly Expenses and my Family

My wife and I are renting an apartment and we have asked my parents to join us so they can care for Siansian while we are at work. Our house is home to 2 families; my family of three and dad’s family of 5. As a supervisor, I take home about 32 thousand pesos monthly while as a staff, my wife takes home about 22 thousand. We average at about 50 thousand per month from our salary. Dad shares 7000 from his salary We tithe at a 10% rate = 5000 (based on our salary); the rent costs 14 thousand per month, electricity is at an average of 3500, water is at 1300, cable is at 500, phone and internet is at 1300 and mobile at 1000. That is a total of 21600 just for the house and utility bills. On top of these, total food consumption is at 14000 per month plus my wife and I’s allowance at 8000 (transportation, meals, etc.), Siansian’s needs is at 5000 per month and our stock investment is at 3000 monthly. These are the families’ fixed expenses every month and it totals 56600. Considering our average monthly salary of 50000 plus dad’s contribution of 7000, we are just at 400 pesos excess for all expenses. This doesn’t include expenses for when somebody gets sick in the family, Siansian’s vaccines and our days for R&R.

Believe it or not, I prefer it this way. I know that no matter how hard I work as an employee my our expense cycle will be the same every month. Sure, I may get promoted but it’s the same thing: I move a pay grade higher but it’s still fixed. This urges me to work harder not in the office but to find other means to earn more. I do not want to ask dad for more because he has given his fair share of the work for almost 30 years. My sister, Karen, is working in the call center industry as well. I want to ask her to contribute but my parents won’t allow her to. They want her to enjoy her money as they let me do years ago. I know that the practice is not right because she will not learn to value money with her way of handling it but I believe that she eventually will. My brother, Carlo, is in college and is, thankfully, being sponsored by mom’s sister so that is covered. My little brother, Raymond, is our special child, who teaches and reminds us, together with Siansian, to enjoy the little things and we appreciate his presence in the family.

TIMEDaily Schedule

My wife and I work nights since our clients are based in the Central US. Our daily routine, in Manila time, goes something like this:

6:30pm – 7:30pm = Wake up, eat dinner, give Siansian his night bath, and prepare ourselves for work

7:30pm – 8:30pm = Travelling through traffic toward the office

8:30pm – 6:30am = Office hours, working

6:30am – 7:30am = Travelling through traffic toward our house

7:30am – 11:00am = Eat breakfast, give Siansian his daily bath, do household chores, play with Siansian

11:00am – 6:30pm = Sleep time depending on Siansian (if he’ll wake up, wanting to play, eat, sleep, other baby activities)

And then again..

There are days where Siansian is cooperative, days where he’ll be sleeping for an hour and be up for 4 hours at a time, etc. Regardless, the point is you don’t schedule when a baby is to play, sleep or eat or drink milk. Your schedule needs to adjust according to your baby’s needs. Being there is definitely more important than being able to provide. This is difficult for working parents which is the reason why mom had to quit her job when I was born. Imagine either my wife or I, quitting our job to tend to our son. How will we be able to cover our expenses?