Do You Meditate?

Something happened in the morning today that I think is really amazing. Here’s the background of the story…

Last week Thursday, my manager inquired if I want to attend a conference happening next week for a day. What an opportunity to see what’s out there, so of course I said yes. I quickly faxed in the registration materials on Thursday, and we all know where this is heading… Indeed! They did not receive the registration in time, so I had to re-register. I re-did the paperwork and was waiting for this elderly female rep. to tinker on the computer but were having some “technical issues” here and there… When she finally finished, here is the conversation:

Lady: Hmmm, do you medidate?
Piggy: Uh…not really… I practice…
Lady: Practice?
Piggy: Practice to stay calm.
Lady: Are you married?
Piggy: No…
Lady: You know what, your wife is gonna be a happy wife cuz you stay so calm.
Piggy: *smile*

This is the conversation literally word for word, that I jotted down immediately when I got the chance because I think this is amazing. Why amazing? It is amazing because the other person can sense that I’m very calm (sense it enough that she wants to point it out), and that is exactly what I try to consistently do – having a calm and still mind. And this also proves, what’s inside of us will create the image and impression that others have of ourselves.

I think this is a great personal victory :)

My Car Is Mine

Like I said before, I have made the “final” payment for my car a little over a week ago and finally received the Certificate of Title :) So now I really, literally own “my” beautiful Scion tC.

Two good things I want to reiterate by doing this:
– I’m automatically “making” 6.15% return after tax
– The joy and happy feeling of having one less loan account to look at

So if you have outstanding loan/debt, you can get the same things by paying them off. Start with the one with the highest interest rate.

The Big 24

I would like to thank all the friends and family who reminded me of getting old… I mean, for wishing me happy birthday today. I got a very unexpected call from an old friend too, it’s great!

I was asked somewhere along if it feels any different to be a year older… not really :P It is not like I can, or anyone for this matter. How can anyone possibly change and metamorphose himself within a day?? There’s even a saying that goes like this, “it is easier to move a mountain than changing yourself (personality)”.

Relating this to personal development and personal finance, that is exactly why we should not wait for these “special days” to set our goals, like birthday, new year day (aka. new year resolution), or even more generic like “summer”. We have to start as soon as we can and make it a continuous process just because sheer difficulties involved, that we have to learn new habits.

For me, I am aware and have been rolling in actions and the only difference of turning 24 is none but persist and continue to learn. We have to remember that we may not have tomorrow. If we want to start something, it needs to be start now. One we got started we cannot cease to push ourselves. Do not give up for even if we may not reach our goal, we are moving forward, which is why we must aim high. As I like to quote, “tomorrow’s myself” needs to be better than “today’s myself”.

Speculation on Paying Off Car Debt

One way that will help speed up the prcoess of saving and accumulating wealth is by paying off debt. Usually we have debt that are at interest rate higher than our saving or even investment account and as a result, we’re losing money that way (+inflation, +tax). Right now, my car loan is the only thing besides the student loan, which is at 4.25%. So my plan to “deal with” my car loan.

Sometimes this is not the easiest thing to do but realizing the benefits of how it’ll help to accumulate MORE wealth in the future really helps. As I’ve mentioned, my car, a Scion tC, was bought with a loan when I was still in school, at a rate of 6.15%. There is 12k remaining to be paid off, and I have made up my mind to pay it off this month. Ouch to my saving account! But like I said, realizing how I can save more in the future without the monthly payment and paying the loan interest helps. Another way to think about it is that I “automatically” make a 6.15% return of the 12k after-tax.

I know some may say that 6.15% rate is pretty low, and that I can have an investment account with a higher rate of return than 6.15% (remember, we have to calculate the return rate after tax here). And that is true and very do-able. However, one more thing we have to realize is that paying off debt not only has its monetary motivation. It also provides a joyous, positive sense of feeling to be freed of debt, and I can already picture the great feeling. Life is not just about money after all. Soon I can really call my car – my own :)

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