Taumbahay \ta:um:ba:hī\ is a person who stays at home. It is the compound word of "tao" and "bahay", joined together by the gitlapi "um". (Filipino grammar is one of the hardest languages to learn to be honest.) The word "tao" means human, and "bahay" means home. Read more . . .
More About Me
Why should you listen to me? Why should you read my blog?
If you highly value well-known schools like UP, Ateneo, De La Salle, or non-local uni like Harvard, Princeton, Yale, Stanford... you may not want to read any further with my blog. I am not stereotyping anybody but the reality is why would anyone listen to someone who came from nowhere?
Where I graduated from is not so posh, but I do take pride in graduating from Manuel S. Enverga University Foundation, Lucena City.
Huh? Say what?
In spite of this, I found that I had the edge to compete in the corporate world and was working side by side with people who were from UP, Ateneo, De La Salle and some who hailed from good schools in the U.S., Canada and Australia.
So if you feel like you came from nowhere, then you should definitely read the articles on this blog - because financially, I am at par with, if not ahead of, those who came from prime schools. And I am living my dream of working for myself. I do not depend on an employer or the government to take care of me and my family. I work when I want to and when I don't, money still comes in.
I graduated with a degree in Arts major in Political Science. I had everything going for me. I was going to be a lawyer. But during my 2nd year of college, I fell in love and had a baby. In a twist of fate suddenly I was trying to make ends meet as a working college student with a baby to raise. My parents almost disowned me for having a baby out of wedlock, but they softened up eventually and gave me money for studies until I got my diploma.
The Biggest Challenges of My Life
I have been married to the same guy for 12 years, I like to call him handyman because of his love for power tools. He is good at fixing broken things, maybe that's why we are still together. I am still the breadwinner, an aspect of my life that I'm not satisfied about. One of my goals is to one day blog about how the handyman has taken the torch from me because he has become the breadwinner. We are working towards that goal, together.
We have four kids. I started homeschooling our eldest in 2009, a time when I was a full time corporate slave and I delegated handyman to be the primary educator of our son. Our relationship nearly broke down because I was not happy with handyman's teaching methods and the whole situation, and neither was he. We separated for a few months while I homeschooled our son the remaining months just to get him through 4th grade while keeping my full time day job. I don't know how, but we got through it.
I put our son back in a regular school, until I decided to resign end of 2011 so I can homeschool the children myself and become an entrepreneur.
Before I quit my job, I used my financial capacity as a 5-year employee to apply for a business loan. When this was approved, that's when I tendered my resignation. I bought a food cart franchise and used the rest of the money to fix up two bare condos, invest in stocks, business and investment seminars, buy tools for the handyman's startup business, and loan money to other people with interest.
The biggest mistake from that experience was buying the food cart franchise, which was also the most costly. The business now only exists on paper. It was a loss that made me smarter.
My Grandiose Plan:
- One apartment rental, for each of my children to manage. A total of 6 including for myself and the handyman.
- A family corporation in which my children are the primary shareholders
That's not too ambitious. Attainable? Yes.
Financial freedom for me is having the choice to work if I want to and still be able to maintain the lifestyle I want, which is what I also want for my kids. I want them to be homeschooled by me through high school, for them to go to college, experience working for someone else and then be their own bosses, if they choose.
I also want to build enough wealth that I can pass on to my children. But what good is there in giving them wealth if they aren't equipped to handle it? Can regular schools or universities teach this? I don't think so. I certainly didn't.
Don't you sometimes wish your parents had told you what life was gonna be really like once you're an adult? I also wished I could just inherit my mother's position at the U.N. agency she worked in for over 30 years, as that would've made my life so much easier. Benefits are great in the U.N.
But you can't pass on a job to your kids.
Knowledge, real estate rentals, business, a corporation - you can. I am not a professional financial advisor. What you will read about in this blog is real life application based on trial and error. This is my financial, educational journey with my family. It may work for you too, are you ready to take the leap of faith?
Read about my story: