It's better to buy a House than a Condo

Sunday, February 26, 2012

It's better to buy a House than a Condo

What a revelation.

It's good that my main house is a single family home. I also have condominiums but I use them for rental purposes.

I was even planning to buy a condo so that I can transfer from my existing house.

The reason for buying a single family home is that you don't have to pay fees. In condo, fees only goes up and up.

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About ME

Started this diary in 2012. Forgot about it.
Started writing today, May 21, 2020 at the time of COVID pandemic.

Single dad with 2 middle school kids.
This is my diary.

Building my passive income one day at a time.

I currently earn $1,450 monthly for my blogging.(as of April 2012)

I currently earn $3,870 monthly for my passive income (as of May 2020)

Breakdown (monthly average) :
1. Tickling 3,500
2. Clips - 150
3. Patreon - 220
4. Google Adsense is gone. I'm building it up again this year.

HOME GOALS 2020

1. Unfortunately, I lost my house due to low income last year. From a home owner, I became a renter.

2. I am renting now at 30K a month. My kids will be done in High School in 4 years.

3. I will transfer to Bonifacio Global City after 5 years. I will still rent a place worth 30k

4. I plan to just rent and make a force savings of 50K a month. This will serve as my retirement fund.

5. I do not have plans of buying a house anymore. My goal is to force save and reserve cash instead.

6. I like my current house right now, it is a two bedroom condominium. It is 85 square meters. It is big and it is enough for the 3 of us.

7. My goal in two years is to save the entire tuition fees of their high school. Thats about. 1.1 million. I have save 100K as of today.

8. I will put 42,000 pesos a month for two years to achieve this.

9. Anything excess, this will go to their college fund. That is about 2 million for the 4 years. As a single parent, it is better that they have cash in case I die.

10. 2020 is the year of the COVID pandemic. It will take 2 years for this pandemic to end.

11. Future plans. A. Build my Whey Store again by making exercise videos.

12. B. Build my existing Lazada store by looking at items at divisoria and think what I can sell online.

Sunday, February 26, 2012