Update April 16, 2011 (GMT +8)

Here is an update:

Mortgage (less 5,000) 55,000
Globe 5,500 (got the new bill)
Smart Bro 4,000
Mr. E 10,440 ---> 400 PAID
Electric Bill 5,000 ---> 2,000 PAID
Coach 1,000 ---> 1,000 PAID (registration fee for volleyball tournament my students joined)
Mr. A 2,000 ---> 500 PAID
Mr. J 2,000
Club Ultima 10,000
Prepaid Credits 1,000 ---> 1,000 PAID (lost connection to broadband we are using usb modem at home)
Going Out (eat, massage, etc) 1,600 ---> 1,600 (all consumed)
Salary Husband 1,000 ---> 1,000 PAID
Smart Bro usb 500 ---> 500 PAID

I am very far from my target income due to the following reasons:

1. I just slept since Sunday-Wednesday did not do work I was so darn lazy to work so no income for 3 days.

2. I was so busy reading the articles, editing, and sending them over to clients and got less time to write.

3. The house is full of distractions. I can not concentrate working, radio is playing loud everyday until 10pm, T.V. behind my back sisters watching cable/DVD, and husband watching movies in the room quite loud.

Before the month ends, I am planning to join:

1. IMG and have an insurance - 6,500 approximate cost, additional 2,800 as an expense for my insurance monthly for 5 years.

2. Studying how to drive, I am bit confused whether it would be manual or automatic that's 8,000php (one time).

3. I am paying someone 2,500php to run errands for me paying my bills on time. I also want to help her out.

4. NBI clearance, TIN number and passport processing about 3,500 estimate.

Additional expense of: 20,500 for May 2011.

As for my monthly it will be the following (provided I paid all of my dues):

Mortgage - 13,000
Sky Cable - 780
Globe - 1,999
Smart - 999 (not using this one, since office was closed but need to pay them)
VECO - 3,500
Insurance - 2,800
Club Ultima - 8,000
Load - 300 (sun unlimited 150 and regular 150)
Groceries - 3,200
ME Time - 2,000

Total: 36,578

Expenses that serves as my porftolio or investment:

1. Insurance - 2,800
2. Club Ultima - 8,000
3. House - 13,000

total: 23,800 for investment

Utilities and extra: 12,778php (will try to reduce this)

Salary:

Writers - 70,000
Husband - 8,000
VA - 4,000
PA - 2,500

Total: 84,500 (taken from my writing business)

Target Net Income/month: 50,000 (writing business)
50,000 (article writing work)

I need to have the following:

1. EMERGENCY FUND (SAVINGS): 36,578 X 6 MONTHS = 219,468

2. Time deposit of 100,000

3. Investment on mutual funds of 20,000

4. Investment on stocks of 20,000

5. Capital to fund business for Mrs. L and Mrs. A worth 25,000 each

--------------

Will start my race again on June 2011 and sort my past dues with bills, and mortgage. Therefore, I got 7 months from June 2011 to raise 1 million in cold cash.

That's 142,000php per month net income and savings.

The following are my problems:

1. Lack of motivation
2. Lazy
3. Do not stick with plans
4. Broken promises
5. Spend on things I do not need to spend on
6. Unplanned going outs

Starting today, I will be more focused, do not get tired and always be on the right path to get on my goal.

Update: April 11, 2011

It is almost 3 months since I last updated my blog. Sorry for a long absence. Now I am back with an update.

1. I bumped into different videos on YouTube about "law of attraction", "the secret", etc. It prompted me to make a list of 101 goals. I listed it all and I did not put dates on them got 2 of my goals done in a matter of weeks.

2. I revived my business - article writing with homebased writers now, so far so good.

My total expenses for the month of April 2011:

House Mortgage 55,000
G. Internet 3,000
S. Internet 4,000
Mr. E 10,440
Electric Bill 5,000
Mr. A 1,500
Mr. J 2,000
Club Ultima 10,000


Total: 90,940php

Good News:

1. Not renting the office anymore.
2. My debt to Mr. E has lowered.

Money in my savings account (atm card): 500php

-----------------------

90,940/14 = 6,495.71php or $162 daily earnings

Target Plan April 11-16:

1. Pay electric bill worth 2,000php
2. Pay house worth 20,000php
3. Pay Mr. E worth 4,000php ($100)
4. Pay Mr. A worth 1,500php
5. Pay Mr. J worth 2,000php

Total money need to raise: 29,500php or $737.50.

It's 32% of my monthly expenses already paid off.

----------------

What needs to be done to achieve my target plan for this week:

1. Achieve my daily earnings goal at least 75%.
2. No more sleeping, lazy, etc.
3. Stick to the plan.
4. Earnings from the business will be put to savings.
5. Need to pay off my bills using my personal income.