BUSYNESSWORLD

I’m going back trading soon.. for now I’m busy scouting for good stocks to buy and keep. Something that has future like Berkshire Hathaway lol I don’t want investing money upgrading to modern furniture at home.  I don’t see the value increasing. And also, I will be back to trading forex part-time again. I laying too many plans for this year.. and I’m hoping again to meet all of it I really believe on what they said to visualize everything that you want to happen or accomplished. The more it will be realistic and achievable Do you also believe on that?

We went to grocery yesterday to buy vegetables and food that we will send back to Manila. We able to get the containers that my sister asked to keep food always fresh when she brings it to work. Drained my checking account again.. Good thing it’s almost end of the month already… more funds will come.

Can’t focus on my trading lately; hence, I didn’t open any trading position. Hopefully, I can scan the market when the kids go to sleep tonight.. and please put them to sleep early.

I was browsing Disney vacation packages for our tentative plan on July for my daughter’s vacation. I just want to look how much do I need to save for this event. I will also need my husband’s input on this plan.

I’m excited to see happy faces of my kids on this vacation. It will be the first time for my son and I know that he will have a grand time when that comes!

That’s how my siblings describes my attitude when it comes to venturing in business, truly “I fear no one” when it comes to investing money. I always believe that you can gain money and you can lost it easily.. so no need to get scared. Everything we do involves risk.. it’s a matter of determining the risk you are willing to accept and deal with it. Think of the worst too. Our decision will not always bring good results but our attitude to accept losses and learning from it will help us to avoid committing another one again.

Do not be scared of investing. I remember recommending a friend to upgrade their system to acquire barcode scanners to minimize cost of their inventory keeping, but she is very afraid to put the money out or upgrade their system. In the end, after 3 years, they decided to do it and just on the first year, the percentage of their income went up not because they increase the sales.. but they were able to minimize the cost. Isn’t that nice?

That’s why research, get more information of something you want to venture in and know the risk. Know how much risk you can accept and do it. Fear no one.. but your self!

Growing up in a poor family, it happened to us too borrowing money from friends, neighbors and families. Every time my mom received her salary, it all goes to paying her debt. We know that we should just live on what we have but sometimes what we have is not really enough for us, thus, borrowing money cannot be avoided. I valued what my mom said that when you borrow money, you have to make sure to pay it so you can borrow again when you need it. And I never forget that. She also said to be upfront to that person and tell the truth if you cannot pay it on time because hiding or running away will not help but will make things worse.

I have lesson learned about lending and borrowing money to your friends. I normally lend money not because I have too much overflowing money on my bank account, but I often see the need to that person and I just want to help. Thinking that this person may not pay me back was already considered. But of course I don’t see it that way, because I considered that person to be my friend and that they will not run away from me. I also considered the risk that this friend of mine will be no longer my friend if they start hiding and avoiding me. No, it’s not that I don’t want them to be my friend anymore but they are the one pushing you away from their life. lol So get it, leave-them-alone!

Therefore, my lesson for myself now, is never lend money to friends, especially if it will involve big amount. I have to consider that I have family in need too that looking my friend’s financial problem is not my responsibility.

Need to stop now so I can read phosphacore reviews before dinner.

My mom always suggest to take advantage of franchise opportunity to start a store or a business. She has no idea how expensive it is, especially brand that is already stable and known by the market. The idea of owning a well-known store, even just a franchise owner, is way beyond my dream and personally not an ideal way to start a business for me. I rather start from scratch and build my own empire than to use other propriety ideas. Anyway, using their name and ideas is what you’re paying for. But don’t get me wrong, you can still be successful in venturing to franchised business.

I want to make a quick post regarding this question. How do I know if I’m insolvent? Or how do I compute insolvency?

Most of the people doesn’t really know what solvency or being insolvents is. A quick description I got is:

Insolvency means the inability to pay one’s debts as they fall due. Usually used in Business terms, insolvency refers to the inability for an ‘unlimited liability’ company to pay off its debts.

In short, your asset is not enough to pay your existing debt. Or liabilities is higher than your asset.

So how do you know if you are insolvent? By doing this computation.

You need to list all your assets and deduct all liabilities your have. If you have more liabilities than your asset it means that your insolvent.

Example:

Asset
Cash in Bank 100
Stocks (Market Value) 2000
Other investment (401k) 10000
House (Current Value) 180000
Cars(Market Value/Blue book) 12000
Boats( Market Value) 12000
Jewelry(Approx resale value) 10000
TOTAL ASSET 226100

Liabilities
Unpaid Credit Card Bills 45000
Unpaid Medical Bills 3500
House Remaining Mortgage 250000
Student Loan 25000
Car Remaining Loan 13000
TOTAL LIABILITIES 336500

Insolvent 110400

So in this example, the liabilities is higher than the existing asset resulting to insolvency of 110400. Please note that monthly income is not considered as part of the asset.

Monthly income will be your asset once it goes to your bank account or you received the money. Normally, insolvent status or insolvency is computed or determined on the time you need to know your status or financial health. You can be insolvent today but not tomorrow. And this event is possible if your house or other asset recover their value.

Hope that helps and doesn’t add more confusion in your head. If ever it is, I’m sorry.. It’s time to seek for your accountant or lawyer’s help

Please note that I’m not giving advice or establishing a client relationship on this blog.

I cannot access my bank account because I forgot my log in. How weird is that? I didn’t log for one week and now I don’t know the account number. I am messing the two numbers after the first. So now I’m browsing some travel deals hoping that the two numbers will come to my mind so I can log in.

So why not call the bank and ask? I hate being asked about my details and I feel like it will consume more of my time if I call them. You know I still have to wait for the Representative on the line.

I had a chance to meet my friends at work last Friday. I’m still in my maternity leave but that doesn’t stop me to meet my friends at work We are thinking about the market updates.. like the game plan when to get out on our trading. We’re all experiencing loss in our trading and we cannot exit the trade since only $3k will be allowed as tax deductible. Really bad! It looks like it will continue going down…

Anyway, I’m just entertaining myself browsing the 2009 Oscar de la Renta bridal collection. I know I cannot afford this.. plus I’m married already so I really have no use for this gown. But looking at it makes me forget about my market loss. lol

I earned my accounting degree eight years ago. I went to a traditional university for four years and it was hard to balance life while pursuing to finish my education. I’m thankful that I was still able to finish it on time and within my timeline. But I still wish that online accounting degree was one of my options that time. I like the idea how universities give option to students now to pursue education without the burden of going to traditional classroom. Things get harder when you have family and have to work to earn money. Time is truly precious to waste on other things.

But I also believe that interaction or attending class in a traditional set up could add up to built self-confidence when facing real work environment. And I like how Rasmussen College keeps this tradition for traditional classroom but then give student option for online business degree. They have campuses in five states across the Unites States- Florida, Illinois, Minnesota, North Dakota, and Wisconsin.

Their website can give more and detailed information about the programs they are offering. I also noticed that various Financial Aid programs are available to assist students for the tuition fee. You can get more information for Pell and SEOG Grants, federal loan programs, state programs, and other alternative options for students on their website.

I’m looking at the option of pursuing a graduate degree online. Maybe a master in finance would be one of my options. I like the idea that I can complete a graduate degree without attending traditional classroom. I don’t think it will be possible for my situation to pursue this if online business degree is not offered.

Students from Rasmussen College can ask questions and interacts with their professors 24/7. The school also helps students land a job by posting job openings and also keeping a resume data base for their students. Find out more on their website for the dates and school updates.

With the market being down, you will be surprised that lender are still willing to extend Small Business Loan with no collateral and short period notice. I know that my brother in law needs to apply for a Small Business Loan to have additional operating capital for his business. I’m glad that Small Business Financing process is much easier now compared before. You can do it online anytime without leaving your office-easy processing, fast funding, and excellent service!