My Plan ...

Pay:

Ms. R - 2,300 (nov. 27, 2010)
Mr. P - 4,000 (nov. 28, 2010)
Ms. L - 2,500 (nov. 28, 2010)
Ms. L (avon purchases) - 1,150php (nov. 29,2010)
Monthly mortgage - 13,000php (nov. 30,2010)

Total money to raise from Nov. 26,2010-Nov. 30, 2010 = 21,800php

Exchanger will have 37php = $1, need to raise at least $600 in 5 days.

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December 2010

December 1-7, 2010:

Ms. L (investment) - 10,000php

Ms. M - 1,600php

Mr. J - 2,000php

Mr. A - 1,500php

Hubby salary - 1,000php

Hubby groceries - 500php

My weekly outing - 500php

Ms. S - 1,000php

Total: 18,100php

December 8-14, 2010:

Monthly rent - 4,500php

Electric bill - 3,500php

Smart bro - 3,000php

Hubby salary - 1,000php

Hubby groceries - 500php

My weekly outing - 500php

Total: 13,000php

December 15-21, 2010

Ms. L (avon) - 3,850php

Monthly mortgage - 13,000php

Hubby salary - 1,000php

Hubby groceries - 500php

My weekly outing - 500php

Total: 18,850php

December 22-27, 2010

Hubby salary - 1,000php

Hubby groceries - 500php

My weekly outing - 500php

Ms. L (investment) - 20,000

total: 22,000

Dec. 28-31, 2010

Globe broadband - 2,350php

Owe sis - 2,000php

Hubby salary - 1,000php

Hubby groceries - 500php

My weekly outing - 500php

Bank savings - 10,000php

get lcd in the pawnshop - 3,500php

Total: 19,850php

BEFORE THE YEAR ENDS, I have my about 75% of my debts all paid.

Then, January 1, 2010 I will start with my 1 million mark.

My expenses monthly is $900. I need to have a net income of $2,300 in order to get around 1,000,000php in 1 year.

All in all I need to earn at least $3,200 in order to achieve my goal.

Basically, I need to earn at least $800 a week to achieve it. That's $115 a day. Whew! Where am I going to earn that?

Am I too ambitious....

Well, I am going to lower down my expenses and see more opportunities to earn $115/day still sleeping.

I am a writer...

Average income $1.5 per article @ 300 words, to be safe I need to write 100 articles a day.

Or write

$2 per article @ 400 words = 75 articles

$3 per article @ 400 words = 50 articles

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and outsource articles

TARGET: $500 income/month

maybe I will just revised my plan on Dec. 31, 2010...

Why did I came with this idea and my current financial status?

Well, this is something that just occured to me and I just thought this would be a good direction for me to undertake since I have been dreaming even way before to be a millionaire at the age of 24 and now I am 25 and I did not achieved my dream.

So here I am with the following:

1. part-time faculty for history subjects - salary 3,000php

2. freelance work - income around $500-$1,000/month

Expenses:

1. monthly mortgage of the house - 13,000php

2. monthly salary for my husband for helping me in researching - 4,000php

3. monthly bill globe broadband - 2,350php (inclusive modem for first 3 months)

4. monthly electric bill - 3,500php

5. monthly rent - 4,500

6. monthly groceries for hubby - 2,000

7. monthly going out expenses - 2,000

MONTHLY EXPENSES - 31,350php


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Debts
1. owe salary for writers/designers

Ms. R - 2,300php
Mr. J - 4,500php
Mr. A - 1,500php
Ms. P - 200php
Ms. C - 400php
Ms. M - 1,600php
Mr. B - 3,000php

2. owe sis - 2,000php

3. owe Mr. P - 4,000php(due nov. 28, 2010)

4. owe Ms. L - 2,300php (due nov. 28, 2010)

5. PLDT (bill unpaid) - 20,000php

6. smartbro (bill unpaid) - 3,000php (due dec. 10, 2010)

7. avon purchases, etc... - 5,000php (1,150 due nov. 30, dec. 20 3,850php)

8. credit and clothes - 1,000php

9. get lcd in the pawnshop - 3,500php

TOTAL DEBTS: 54,300php

SAFE ESTIMATE: 40,000PHP (total income)

NO BANK SAVINGS AT ALL...

Raise To 1 Million Pesos in 1 Year

Welcome to my blog!

I have created this to serve as my daily journal on my way to reaching 1 million pesos in savings 1 year.

Join with me in my journey and be with me through my ups and downs as I travel the unknown...