Review of my 5 2008 Resolutions as per my 1st Jan 08 post
1) To achieve stablised income of $3,000/mth or $36,000/yr
* Due to my switch of career, my average income in 2008 is probably only around $1,000/month at the moment
2) To pass CFA Level 1 examination
* I did not pass my CFA in Jun08 and I have no time to retake Dec08 exam
3) IPPT Silver in 2008
* I got my IPPT Silver in August 08
4) Gain weight from 58kg to 62kg thru weights training
* I did nothing at all to make me a stronger person till December
* I think I gain more fats than muscles
5) Toastmasters Competent Communicator
* I drop out from Toastmasters after leaving NTUC Income and I did not join any club
What I feel about 2008?
Health
* No major illnesses except for occasional back pains. I did not exercise much in 2008 and I can feel my energy level dropping.
Career
* I made a career switch in Jun08 to join a Financial Advisory Firm. I lost my clients and commissions overnight and start earning from zero. A lot of time are spent learning and unlearning.
* No regrets in getting out from the tied agency system but a bit of miscalculation by joining a firm whose remumeration system gives better benefits to top advisers and managers. I have no intention to be a manager yet. Perhaps in 2010.
Money
* It took me nearly 4 years to start earning a stable income of $2k/mth and now I started with $0 again. Thats the problem in our profession. We give up our salary when we leave for new firm.
1) To achieve stablised income of $3,000/mth or $36,000/yr
* Due to my switch of career, my average income in 2008 is probably only around $1,000/month at the moment
2) To pass CFA Level 1 examination
* I did not pass my CFA in Jun08 and I have no time to retake Dec08 exam
3) IPPT Silver in 2008
* I got my IPPT Silver in August 08
4) Gain weight from 58kg to 62kg thru weights training
* I did nothing at all to make me a stronger person till December
* I think I gain more fats than muscles
5) Toastmasters Competent Communicator
* I drop out from Toastmasters after leaving NTUC Income and I did not join any club
What I feel about 2008?
Health
* No major illnesses except for occasional back pains. I did not exercise much in 2008 and I can feel my energy level dropping.
Career
* I made a career switch in Jun08 to join a Financial Advisory Firm. I lost my clients and commissions overnight and start earning from zero. A lot of time are spent learning and unlearning.
* No regrets in getting out from the tied agency system but a bit of miscalculation by joining a firm whose remumeration system gives better benefits to top advisers and managers. I have no intention to be a manager yet. Perhaps in 2010.
Money
* It took me nearly 4 years to start earning a stable income of $2k/mth and now I started with $0 again. Thats the problem in our profession. We give up our salary when we leave for new firm.
* I'm currently on negative cashflow position. I have been through this stage before and I'm confident to be back in the black within 1 year. Things will only get better.
Lifestyle
* Still okay. Not much time for friends nowadays except for occasional wedding dinners and house warmings
* Cannot work like my unmarried or unattached colleagues. My time are divided equally between work and family now.
Family
* My wife gives me a lot of support. She understand my philosophy in Financial Planning and believe that I will do well one day. I love her and I will not fail her.
* Kids? I have a probia for one. Don't ask me why? Maybe because I worry about insufficient time and money.
I shall write about my Resolutions tomorrow...
5 comments:
Don't give up. It is a great price to pay for these changes. i know you will be rewarded.
keep your chin up, you are doing ok.
you are too kind for this business, your thoughts are good and may you be rewarded.
i am actually looking forward to your posting everyday, so please keep it up.
wishing you health and happiness for 2009.
Hey Adrian
I am sure 2009 will be even better.
Happy and healthy new year to you and your family.
Cheers
Paddy
Thanks for your encouragement. 2009 will indeed be a challenging year for me.
I'll do my best. Hope you guys do your best too...
Ambition in life,alas,must be viewed without shame;for it is better to avoid lack rather than to gain more.
Just be passionate and sincere in what you do,and the money will follow.
"This above all:to thine own self be true." Shakespeare.
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