Review on 2019

I have updated my review on Total Passive Income/ Total Expenses Ratio in the JC Financial Freedom Fund Report Card. You can read about it here. In summary, the Total Passive Income/ Total Expenses Ratio is decreasing from 90% in 2018 to 58% in 2019.

Career wise has grind to a standstill on 10th September 2019 and I have decided to pursue my own passion. I really hope that I do not need to work for anyone ever again. It is my little wish. Yet at the same time, I truly desire a few things:
1) I want to have the financial resources to provide for my family
2) I want to travel as and when required with my family
3) I want to spend more time with my family, my parents/in-laws are ageing, children are growing up too fast and I am getting older with lesser energy.
After some reflections, I should appreciate my ex-boss for giving me the opportunity to provide me with some funds to continue this journey and the “courage” for me to take the next step forward.

Throughout this journey, I have opened my eyes to many business possibilities. Suddenly the mind is like an open parachute, it attracts many different business ideas. For instance, by helping an elder uncle get a cleaning job, I am being paid a very small referral fee every month (until he stops working) from the cleaning company. 11th September 2019, I went full swing into Financial Advisory business. This marks 3 months of my Financial Advisory business journey. I want to understand my clients better and not just trying to understand them. There is a difference there. I want to help them in their financial journey and place their interest first before mine.

From 11th September 2019 onward, I need to let my wife take on the main role of bread winner. It is tough on her to take both the role of a mother and sole bread winner. Ego wise, it is tough for me as well. I knew it will be tough but did not know it will be this tough.

My Dreams for 2020
I dream that I have grown my Financial Advisory business to reach a stable client size of 100 customers.
I dream that I can alleviate some pressure from my wife.
I dream that I can bring my family to 3 holidays in 2020.

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