Review on 2019

1 month ago JCprojectfreedom 0

Financial
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
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.

Business
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.

Family
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.