Sunday, May 4, 2008

For A Good Night Sleep..

Date : Sunday - May 4, 2008 at 8pm Malaysian time.

Today we finally own a blog. This blog will be our diary together. We will log every updates, every good news, bad news, distractions and what-not as frequent as possible - our little journey from today till Dec-31, 2013. We will tell our children, grandchildren and great grandchildren about this journey. This journey is very special to us, in seeking for a good night sleep. Do you know that we've been having a tough time sleeping at night, each night every day since I can't even remember when. Each night, we need to think, think and think where on earth we did wrong, where can we find more money to pay and how can we get out of this thing - fast and alive. Seems that there are a lot of things to pay in expenses and debts, with a little money left in the bank (and in our pockets too).

Now, in front of our laptop feeling blank (as a first-timer and co-owner of a blog) and don't quite know how to navigate a story. We bet this story will be out of flow but just bare with us. But one thing for sure that is always in our mind - we have to write it down, naturally and tell everybody else out there that we want to be free. We need to have a enough money that sticks in our savings account, not just a short transit there. To survive we need to have at least 1 million MYR (malaysian ringgit) or more by 2013. A decent figure within short 5 years.

Our strategy is straight-forward. Save at least 15% of our monthly income, pay our debt of at least 25% of the income and use the balance of it. Invest those savings as careful as possible. At the same time generate 2 more incomes from this blog's advertisements and also from Azie's side via her volunteering tasks, and use the same formula.

Here is our financial story each month. Azleen is earning close to 10,000/month from his job while Azie is a full-time volunteer who is also a full-time blogger who generates around 900/month mostly via overseas donations (Azie helps first-time tourists to Malaysia on tips to avoid being over-charged and being conned during their stay here in our lovely country). With our current monthly income, it is at par and just nice to cover our monthly expenses here in Kuala Lumpur (a city with full of things to pay). This eventually left us with zero savings each month. Our only hope is Azleen's quarterly commission ranges between 8,000 - 14,000 paid quarterly a year dependent on Azleen's sales achievements. We hope also that Azie will find something to sell quick so that we're able to fast track our plan.

Well, looks like there is a plan in mind but needs to be more precised. A plan is also needed on how to improve my financial rating in the banks which at the moment - not so good. " I need a favour bro.." Azleen's younger brother just called. From the sounds of his conversation is like a new trouble is coming. A trouble that involves money, of course...

Today's status - Savings : 0 MYR and debt is close to 350,000 MYR

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