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What I Truly Want

I have this vivid memory from my childhood that always makes me smile. I was around seven years old, a bright-eyed first-grader here in the Philippines. One day, our teacher asked the class to draw what we wanted to be when we grew up. My classmates eagerly sketched firemen, doctors, and teachers. They had such clear visions of their future selves, while I sat there, feeling a bit lost. None of those careers called out to me, but then, an idea sparked.

I drew myself leaning against a towering three-story house, which I proudly labeled as my home. Beneath my drawing, I wrote, “I want to be a rich man.”

It was an unconventional response, especially for a child. It wasn’t about a specific profession but rather a vision of a certain quality of life. Even at that tender age, I knew I didn’t want to be confined to traditional roles; I wanted a life filled with comfort and possibilities.

Robert Greene, the renowned author of “Laws of Power,” suggests that these childhood memories reveal profound truths about our inner selves. They shape our aspirations and drive us throughout our lives. And for me, this memory captures a deep-seated desire not for luxury, but for a life of quiet abundance.

Growing up, my family didn’t have much. We weren’t impoverished, but money was always tight. I’d watch my friends with their shiny new toys while I made do with what we had. This disparity left a subtle, persistent tension—a frustration quietly simmering for years.

What I longed for was financial peace of mind. Imagine sitting in a restaurant, ordering whatever you fancy without glancing at the prices. Or being able to seek the best medical care without worrying about the cost. It’s about the freedom to choose, the comfort of knowing that financial constraints won’t dictate your life choices.

Now, in my middle years, this vision still holds true. I yearn for a sense of abundance, not because I’m materialistic—far from it. It’s not about acquiring things for the sake of it, but about the security and freedom they represent. It’s the difference between saving up for months to afford something and being able to purchase it without a second thought.

Whether it’s a delightful dinner at a fancy restaurant, a stay at a luxurious hotel, or even buying a new gadget or car, it’s about having the means to enjoy life fully. It’s not the possessions that bring happiness, but the ability to live without financial worries, to experience life’s joys and comforts without hesitation.

This dream, this vision of abundance, isn’t just about wealth. It’s about creating a life where we can savor every moment, embrace every opportunity, and live generously, with open hearts and open hands.

Quiet Abundance is the goal I have always yearned for. How about you? What would be yours?

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Why I Am Choosing To Not Replace My Old Car

I have a car that I haven’t replaced in over a decade. It’s quite old that its sound system still accepts compact disks (CDs). So forget Flash drives and Bluetooth devices. CDs are where it’s at when it comes to its sound technology.

For illustration purposes, here are the numbers regarding my car. These values are not exact values because, I do not have them now. But I do remember the approximate values.

Model: 2012 (purchased 2011)
Downpayment: 300k
Monthly Amortization: 21k
Years to Pay: 5 years

After the 5-year period however, the monthly payment is now zero. I can still remember the priceless elation I felt when I went to the bank to pay the last installment. It was being freed from an invisible shackle. That is how I hated the feeling. It is now truly my car (and not the bank’s).

I do not have the best knowledge of car maintenance but I have kept it in good condition. It is also a Japanese car, which are known for their quality and reliability. So through the years, I had a relatively few problems with it.

Now, if I purchase a new car, I gain the following:

  • new car smell
  • latest generation car technologies in the car
  • pride of ownership

At the same time though, I would have the following:

  • loss of liquid cash for downpayment
  • possible monthly amortization again
  • high insurance premiums of new cars
  • fear of it being scratched or worse stolen.

At the end of the day, the combination of higher financial obligations while providing incremental value at best, the prospect of a new car is not something that looks attractive to me at the moment. I’m finding it difficult to replace my old reliable clunker. Nothing beats no monthly cost while still getting decent utility out of it.

However, the reality is nothing lasts forever. There will come a time when repairs and maintenance will finally catch up. When that time comes, it is better to get a new one.

However, the next time I’m going to go about this:

  • I should not buy with a time-pressure (i.e., it should be pre-planned and not when the need to get one is high).
  • Take time to shop banks for the best rates. And, if it falls on times of high interest rates, I might look into purchasing it straight cash.
  • If I’m going the bank loan route, I would like to pay as much down payment as possible and get a 3 year payment period instead of 5 as this is a depreciating asset.
  • Purchase only what I need. I’m ok with not the fanciest vehicle, as long as it serves 90% of my needs.
  • Foreclosed vehicles that are 1 to 2 years old are also a good avenue to explore.

The lesson here is this: A brand new car is good for one’s ego and/or vanity. You look great in people’s eyes. You will perk up for weeks on your new toy. But you will also be silently burdened with the fresh set of financial obligations.

On the other hand, sticking it out with an old, reliable car that does not cost you a penny each month (except for maintenance of course) is leaps and bounds ahead.

Let’s be wise with our money. Put it where it will work for us, not us working for it.

Until next time.

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The Most Important Base for Success

I love building stuffs. Whether it’s a website, an app or something tangible, there is some pride I attach seeing the thing come to life and flourish. Also, I’ve been subscribing to what’s called “Deep Work” by Cal Newport. Where you spend as much time on your work, uninterrupted and optimized for deep (and slow) productivity.

When I do it right, I also derive an immense sense of pride for myself and my work that I overcame difficult problems and as they say “slain the dragon.” Slaying the dragon means overcoming this problem that is in front of you and preventing you from progressing towards your goals. They are not hindrances but can be thought of more as tests. They build your character your skillset and your knowledge of the world.

However, there is one thing that enables all of this. And that is family. Although I love working, my family is the source of my joy, happiness and contentment. It is what keeps me grounded.

I have had times in my life when I have a chaotic dysfunctional family life and doing work was a lot harder. My focus was wrecked, my health, both physical and mental, deteriorated and working hard seems rather pointless.

I would even argue that a stable family life is crucial to the life of productive individuals.

And in addition to the stability a good family life offers, at the end of the day, family is truly the only thing that matters.

Which is funny. Because in a day we would spend 8 hours at our work, yet spend less (sometimes waaay less) than that with our loved ones. However, despite the reverse ratio, the true wealth of life is the joy with family and the ability to be a strong support for them.

Not all of us are lucky to have a good stable family. My original one was dysfunctional. And I had no choice but to leave it behind. Just like we have to walk away from toxic people, I walked away from the only family I know. Fortunately, I met others. Those that I am not related by blood to, but are good quality people that lifts me up instead of puts me down.

Filipinos are a collective culture. We are not individualistic and we prefer to be in the company of family. It is a large part of our identity. So, whether you find yourself one of the lucky ones to have a loving supportive family or a “chosen” family, my wish is you have a strong supportive base that is there for you and that you can be for them. One of my great joys is repaying back the love and support given to me once I am able to stand on my own. There are few things more satisfying in this world than that.

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The coming AI disruption / revolution

Lately, I have been following developments in AI with both glee and tepridation. This will dramatically change the landscape and its march is unstoppable. “AI will be more profound than the invention of fire,” so the CEO of Google has famously professed. That seems quite dramatic, but it is hard to disagree with the sentiment of that statement. As I write this, we are in the midst of the start of the AI revolution. There will be disruptions and dramatic changes.

Just a few weeks ago, OpenAI’s Sora blew everyone’s minds when they showcased how it can create a video from just a prompt. It was able to create a short video of fantastical scenes. This will inevitably destroy the movie industry as we know it. And as big as it is, it is just but one of the many industries to be disrupted.

Unfortunately, with this big of a revolution, there will be social upheavals and people will lose their livelihoods. There will be dramatic changes ahead and I’m afraid with that will be hardships. This is why I’m looking at this with utmost vigilance.

In this doom and gloom scenario however, there will be lots of opportunities as well. I can’t tell in which form yet. But if you are reading this, it is probably a good time to start with reading about AI. It is a huge wave that is coming to crash down on existing business. If you are working for a company, I’m afraid to tell you your job may not be safe.

You know those post-apocalyptic movies where the world was destroyed in some sort of cataclysm? Waterworld, Madmax and Book of Eli comes to my mind. Maybe I’m being too dramatic, but I kind of envision AI’s eventual effect to be like that. Or a dystopian setting like Gattaca, Blade Runner and Total Recall. Where we end up in is likely somewhere in the middle.

As for business opportunities, in every upheaval, is a seed for something big, something profound. I remember the story one of the Philippines’ business magnates, Henry Sy. He started his empire after world war 2. The country is destroyed and everyone is basically starting on the ground floor. While everyone was trying to come to terms with what has happened, Sy climbed and strived. Eventually, he grew his mall empire and with luck and hard work, it grew into a behemoth.

So, what will our future be? What can we do to position ourselves to catch opportunities? With a lot of hard work and some luck, I’m sure anyone of us can build something worthwhile.

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How I Got Started

I remember when I was in Grade 1 (around 7 years old), my classroom teacher asked the class to draw on a piece of paper what we wanted to be. I saw my classmates drawing something like fireman, or doctor, the usual. I could not, for the life of me, figure out what I wanted.

But it came eventually. I drew a guy with a big house. And it was not a career per se, but I wrote, “I want to be a rich man.”. It is funny looking back and I get a smile on my face whenever I remember that moment. At such a young age, I was already drawn to wealth building. I did not know how I am going to do it, but I know that is what I want to do.

Fast forward to my university years, I came across a book that would shift my perspective significantly. It was Robert Kiyosaki’s Rich Dad, Poor Dad. It opened my eyes that there was another way to live. My parents were typical middle class people and that was the mindset and environment I was raised in. I did not have rich friends and so there did not seem anything different with rich people, they just have bigger bank accounts.

That book holds a special place to me as a young man that had lit a fire in me to seek out this other way of living is. It has guided me to study more about real estate. Things like: what are foreclosures, what are rental properties, what makes a property an asset or a liability, etc.

When I started working, I knew to save money so I could begin buying up some properties. Fortunately, my lifestyle didn’t involve expensive things and I was able to save as much as I can.

For so many years, that was my routine: work, then save, then every now and then, purchase a property. My portfolio eventually grew. Even though I have since moved on from Rich Dad, Poor Dad, it has been the spark that made me follow this real estate path.

The plan now is to increase it to double it. That should provide a nice monthly cashflow that will allow me to do bigger things. Eventually the dream is to acquire small plots of land that will allow me to build small projects like town houses or more.

As for my work, my field is in tech and that has allowed me to make some decent monthly income. It has also inspired me to strike it on my own while working. During off work hours, I plan and build a few ideas a few ideas that are quite promising and might make me leave a mark on the market soon…

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Dreams

It is nice to have dreams. A saying in Filipino is “Have dreams, they are free after all.” Ever since I was a child, I have been a dreamer–a daydreamer to be more precise. My classmates would find me staring afar. In those moments, I was not there; my mind was in a place I aim to be. Whether we call them aspirations or goals, they guide us where to go and what steps to undertake. They serve as our compass.

One financial “movement” that has clear cut goals was called F.I.R.E (Financial Independence, Retire Early). FIRE practitioners have the following goal: accumulate sum of money big enough so that you can live off the interests. They calculate it at roughly 4% annually. So if they have say 10 million (does not matter whether it is in dollars or other currency) in the bank, the 4% annual interest of that would be 400k.

It was simple, easy to understand and a clear goal.

I’m Not F.I.R.E

FIRE’s goal is nice. However, it is not for me. I take pride in building and owning things. So as long as I can support my monthly expenses, I hope to continue doing it until I am sick and tired of doing so. I do not have a set ultimate money amount in mind. What I do have though, are goals.

The ones I have listed below are more to my liking. There is something called “pride of ownership”, and I would like to own properties and businesses that generate a decent cashflow.

So, here are a few goals that I have thought off:

(1) To build and launch successful digital businesses. Whether they are SaaS, software or info products. The good thing about these kinds of businesses is that there are niches that are plentiful as long as you have the smarts to recognize them and pull off a software service that fits the market. You don’t have to be working in Silicon Valley or a first world country. You can be a humble guy in a humble country.

In fact, there is an inherent advantage by starting a business online as a Filipino. Your overhead’s going to be low. Having said that, my aim is to have digital businesses that cater to whoever needs them and it would not matter where they are physically.

(2) Real estate. I would like to grow my real estate portfolio. There are several ways I can do it:

  • The immediate one is to double my portfolio. And once that is achieved, look to see if I can double it again..
  • Own/build a commercial building. One of those mini buildings (3 to 6 story buildings) with businesses as tenants.
  • Own/build apartments or townhouses.
  • Own a gas station (or with the rise of electric vehicles, a charging station equivalent) in the future

(3) Income – I love working, and I can pursue this as a way to build my war chest of funds. But eventually I know I have to switch to businesses and assets instead of selling my time for money. For now, it is the quickest way to generate some good cashflow.

The goal is to make 500k/mo php. Eventually to earn 1M/mo php.


So there. Those are my goals. I’ll be talking about them in more detail in the next posts.

Until then, ciao!

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First Post and Introductions

I decided to write this blog as a way to track my thoughts and to process what happens with me in this journey. I would likely track my progress over the months / years. The main source of inspiration of this was that many years ago, someone made a similar blog that tracked their net worth. It was eye opening because not only were they able to truly focus on their goal but also to share it with others. The process of merely putting attention to it enabled them to keep it in focus.

I think bettering oneself and one’s status in life is a timeless and worthwhile endeavor. There have been numerous proofs that in ancient times, most recordings were that of accounting. And with that, I imagine, people back then were concerned about wealth. How many goats that X has, or how many bushels of grain has Y harvested this year. It is ingrained in us to pursue wealth and it will be so for countless future generations still. Nameless figures in history have succeeded or failed in the improvement of one’s economic level. It is time for me to document mine.

A little bit about myself: I’m a male, Filipino and living in the Philippines. I choose to divulge nothing beyond that. In this blog, I would be obfuscating personal details. I value my privacy and anonymity and have no need for fame and recognition.

So having said that, I shall deliberately not be too detailed in describing my endeavors that could identify me (not that I’m a big deal or anything). Instead, I shall focus on the broad strokes or things that are important but not self-identifying.

Quick Facts

Now, some quick facts of where I’m at in this game of wealth building:

  • I own several properties of various types. Some of those are condo units in the area of metropolitan Manila. Some are currently rented out, one is coming online and one is used as my residence.
  • I also have lots.
  • My field of work is in a technical field where my skills and experience are highly valued. This enables me to have a good salary, and I live way below my means.
  • I just ended an job/sideline where my day-to-day workload from the combined jobs and managing of my rentals took a toll on my mental and physical health (gained weight). Although I could go back into the market to once again increase my take home income, I am taking my time and enjoying my break. This blog is in fact a direct product of that break 🙂
  • My net worth is easily in the eight digits (PHP). The bulk of which are from appreciation of the real estate assets. I feel like I’m just getting started and haven’t really “made it” yet. Perhaps not starting at square one, but maybe at square two.

In addition, I have a number of dreams and goals and I’m excited to talk about them in the next few posts.

Until then, thank you for reading up to this point, and see you in the next posts.