#trying to think through my ~financial goals~ for 2025 and there's just so much i don't understand or care to know!!!!

[ephemeral-winter]

wow thinking about money stuff beyond my day to day budgeting really stresses me way the hell out!!!!

[a-d-nox]

hello, nox! how are you doing? very well, i hope. i’d like to join i ask game, please!

my initials are DCO and a goal of mine for the next year is to not let my fear paralyze me from doing the things i want to do, like expose my art, put myself out there and find people who are aligned with me. this year was very transformative and so many things happened in a way that kinda broke me into a new person but at the same time i think it was one of the best years i ever had, i feel different!

the option i choose is the 🍾 (pop) one! thank you for doing this game and thank you for all your hard work, your blog is very helpful for my studies and i wish the new year bring you amazing and beautiful things, that you achieve your goals or at least get close to it, also i want to say that i recently found your spotify playlists and omg you have an impeccable taste!! have a great week ahead of you, wish you all the best 💕

clocking no. 39

i am doing okay - i spent the day remapping my financial savings, 401k, cds, etc. i am trying to get organized for 2025 per se - setting up some stuff for longggg term goals like buying a house haha. thank you so much for the praise both on my blog and spotify (over 45k mins listened this year)! and congrats on your rebirth - which we will be on the reading today because the 3.5 card flew out first!

start of 2025 -> 3.5 - i am being reminded of trinities - sun/moon/rising, first/middle/last, birth/life/death, mind/body/spirit, etc. its all about the way things come together to make you you - DNA and otherwise. more importantly it is about uniqueness and finding your voice. you will be doing more of the same at the beginning of next year!

end of 2024 -> 9.2 - just something to remember at this time of the year - if you want to be different, you have to act different. so look at things in a new light - you can't doing the same things you do where you currently live abroad. that just means you moved parallel when you are looking to move forward. you did great things for your growth this year - appreciate yourself!

what's changing for you in 2025 -> 2.5 - you gotta use whats right in front of you to make it through the remainder of the year. know that you made your best effort this year. talk with people outside of your immediate surroundings for some perspective! work life balance is going to be important - enjoy your holidays worry a bit less about work.

the work you will have to do -> 2.4 - you are going to have to learn to trust the universe... all the right paths are leading you to all the right places despite you maybe feeling otherwise this coming year. learn to be more patient with life. what is might for you will not miss you.

-a.d.

[cruz-regina-d-journal]

07: Goal Digger

When we are talking about goals we usually think of something we want only for ourselves. It’s exciting to think of what you can be in the future and what you will have as well, but sometimes some people tend to forget that we still need to make an action before we get something we want. We keep on saying that we want this and that but we don’t even make a move on how to get it. Honestly, the past “Regina” was like that. My mind focuses only on my desires, and we can relate this to Sigmund Freud’s Psychoanalytic Theory which are the id, ego, and superego. Our id says “I want it now!” as our superego says “You still can’t have it because you don’t have money yet”, they battle around our mind until our ego says “Okay, kids, let’s study well, find work, earn money and buy what we want”. In every goal we have, there is always a process that we need to get into. We can’t have anything in an instant! Even at opening our phone, we still need to wait and do something in order to open it, and that is to press the power button. In life we also have actions like opening the power button, but the thing is we need to open ourselves. We need to step out of our comfort zone and find ways on how to achieve our goals.

Since I was a kid, my parents buy me planners and notebooks because I love writing, drawing and putting my goals in it. I have this one perpetual planner that I still update whenever I want or got something, and it always gives me this wonderful feeling at any time my plans worked or have gotten well than I expected it to be. And today it really took me a long time to know what I want to have; maybe because I feel down due to this pandemic and my family experienced a huge deal of a problem related to this year’s stumbling block which made me worry about my future. Nevertheless, I’m glad that we’re now okay and I finally conquered those mind-boggling thoughts. The pictures here  show my short and long term goals that I’ve been thinking since June 2020. I’m sharing this things to you because I think I will be needing your support and guidance 😁 Let’s bring each other to the top!

SHORT TERM GOALS

OBJECTIVE 1: Grow a Plant

TIME FRAME: August 28, 2020-October 5, 2020

RESOURCES: Shovel, seed, pot, healthy soil and water

TASKS: 

Choose the right container for your plant and put the healthy soil in it.

Plant the see at the proper depth and water it with a room-temperature water.

Maintain a consistent moisture and keep the soil warm.

Apply fertilizer every week, give the plant enough sunlight and circulate air.

SUCCESS CRITERIA: Be patient and don’t forget your tasks! 

REASON: I’ve been trying to grow a plant since I was in elementary, but I don’t know why they always wilt. I love plants but I don’t think they love me 😢

OBJECTIVE 2: Bond with my Friends and Family

TIME FRAME: March 2020-July 2020

RESOURCES: Love, happiness, understanding and self

TASKS:

Focus your time with them.

Don’t use phones, engage with them through personal interactions

Make them feel loved/important and laugh with them

Always listen to their stories and respond appropriately

Treasure the moment

SUCCESS CRITERIA: Make time with them and don’t forget to enjoy it!

REASON: As I entered college I noticed that I rarely bond with my other friends and my family because I’m studying at Manila during weekdays. I don’t have a free time whenever I go home to Cavite because I use my weekends for doing my school works and sleeping to regain the energy I’ve used during school days. I feel sad that I failed to divide my time for academics and for enjoying life. And now that it’s finally over, I think that this is a great opportunity to recoup my scantiness.

OBJECTIVE 3: Eat Eggs 5x a month

TIME FRAME: August 13, 2020-October 13,2020

RESOURCES: Eggs, pan, plate and utensils

TASKS:

Eat egg once every week.

Ask your family to not cook eggs for you when you’ve eaten once that week.

Avoid eating soft-cooked eggs.

Find an alternative food when tempted.

SUCCESS CRITERIA: Self-regulation

REASON: My asthma will kick me when I eat too much eggs! 😢 I have an allergy for excessive food, and I want to practice myself to eat egg once a week so that I can restrain myself without any trouble or some kind of temptation.

OBJECTIVE 4: Be a Reading Volunteer

TIME FRAME: September 2020-November 2020

RESOURCES: Book, camera and other gadgets

TASKS:

Pick books that have good life lessons

Look for the age recommendation and mention this

Record yourself reading 

Let people see the book you’re currently reading

Put emotions as you read, let your audience feel what the characters in the book are feeling

Engage with them even in a recorded video (ex. asking questions)

Think of a line that will make a great impact to your audience regarding the lesson of the story 

SUCCESS CRITERIA: Enjoy and engage with your audience

REASON: I am a member of PNU Reading Society and I want to officially become a reading volunteer to help students with their lifelong literacy skills that will empower their learning and also to support those people who are falling behind about reading. 

OBJECTIVE 5: Buy new Optical Glasses

TIME FRAME: January 10, 2020: 1:00PM-3:00PM

RESOURCES: Money, optical frame and receipt

TASKS:

Go to Starfinder Optical Shop at SM

Go to SoYou section and look if there’s a discount (if there is)

Choose an optical frame. Keep in mind the shape of the lens you wat and need, and also its weight

Give the chosen frame to the sales rep. and get your waiting number

Wait for your ophthalmologist to call you before you go in the room

When called, sit properly and let the ophthalmologist check you eyes

Perform the said activities

Observe the weight of the lenses 

Make sure that you picked the right graded lenses

Wait for your optical glasses for 1 hour (and so) 

Present your receipt to the sales rep. and wait for him/her to give your glasses with free case

Wear your glasses to see if it’s okay and check if there’s any damages before leaving

Note: Don’t forget to say thank you!

SUCCESS CRITERIA: Be patient, honest and critical thinker

REASON: I need new glasses because my current one is kind of dirty and is not accurate anymore as months pass by. Inaccurate graded lenses will make me suffer to headaches and dizziness making me hard to study and move.

LONG TERM GOALS

OBJECTIVE 1: Graduate from College

TIME FRAME: July 2019-November 2023

RESOURCES: Perseverance, Time Management and Patience

TASKS: 

Always listen to your professor/speaker

Engage with people around you

Do your tasks correctly as instructed and submit it as soon as possible

Make a to-do list 

Take important notes and organize them all

When there’s an exam, review 2 weeks ahead the test day

Ask questions for clarifications

Join organizations and seminars 

Grab once in a lifetime opportunities

Cry but stand up again when you fail

Believe in yourself 

Dedicate yourself to your course 

SUCCESS CRITERIA: Grit

REASON: Honestly, I want to graduate with latin honors but something struck me and thought that to graduate from college should be my main goal. Honor rolls are just bonuses of your hard work. It is obvious that I want to graduate from college to help my family and give them things that they need and want as well. I want to give them a thank you gift for providing me everything that I needed for years.

OBJECTIVE 2: Open a Business

TIME FRAME: January 2025-January 2029

RESOURCES: Money(Capital), manpower, product/service, promotion, patience, determination and connections

TASKS: 

Think of a business that is unique where many customers will be attracted

Create a solid business plan with your chosen strategy

Make a website or Facebook/Instagram Page about your business

Be approachable to gain customers

Advertise your product/service

When the business grew bigger, register your business name at the Department of Trade and Industry (DTI)

Register with Barangay and present valid IDs

Register your business to your city mayor’s office (LGU)

Register with the Bureau of Internal Revenue (BIR)

Remember to always check your financial status

SUCCESS CRITERIA: Patience, Analytical skill, Accounting, Problem Solving and Communication & Negotiation

REASON: I was an ABM student before and I want to make use of my skills to help my family and those people who need financial assistance. Opening a business was also part of my dreams. Not only that it will help me to gain more money for my post-graduate, but I want to invest my small money from my teaching profession to something that I can make use to the present and future. Nevertheless, having a business will not stop me from teaching.

OBJECTIVE 3: Become a Doctor

TIME FRAME: August 2024-November 2028

RESOURCES: Money, grit, school supplies, experiences and books

TASKS:

Look for a medical school (preferably: De La Salle Medical and Health Sciences Institute)

Take the MCAT (Medical College Application Test)

Focus on your studies to be a Psychiatrist

Earn a Doctor of Medicine and complete your residency

SUCCESS CRITERIA: Patience, Empathy, Focus, Practical & Decision-Making Skills and Time Management 

REASON: I had this late bloomer moment. Before entering college I was confused on what I really want to be. Not that I am boasting but I had this mindset before that any courses will do because I thought I can do everything. My top choices are Architecture, Accountancy, Teaching, and Medical. I chose teaching since there’s a time that I became super inspired of my Senior High School professor and I noticed that from the past few years of my life, I never experienced a class with an excellent Filipino teacher who really took a course of Filipino, and that’s why I want to became one. As I became a BFE Student, I still want to pursue my medical dream. I want to be more useful to my people even if it will take me thousand years to be a 100%.

OBJECTIVE 4: Buy a New House

TIME FRAME: July 2024-July 2026

RESOURCES: Money and communication

TASKS:

Know your budget for your house and stick to it. DON’T EXCEED TO YOUR ESTIMATION!

Research subdivisions or areas that are accessible to buy your needs and public transportation

Get prequalified and preapproved for credit for your mortgage

Find a nice and approachable real estate agent

Start touring to subdivisions or areas that you already searched (Make sure to check every detail of the house especially the water and electrical system and always consider the people who will live with you)

Make an offer

After building the house, get a home inspection and check if there are structural damages before transferring (if there are, contact your real estate agent)

Make sure to pay your monthly bill and coordinate your paperwork

SUCCESS CRITERIA: Hard working, Critical Thinking, Observance and Patience

REASON: I don’t want to be dependent of my family’s money and belongings. I want to buy my own place for my family, and if blessed, I am glad to share my payments with my partner to build our new life together. If my parents want to stay with me, I will let them stay there as well, but if they prefer to stay at our old house, then I’ll support for the renovation of our old house. 

OBJECTIVE 5: Live a Healthy Life

TIME FRAME: August 2020-August 2025

RESOURCES: Healthy food and balanced diet

TASKS: 

Be physically active

Eat a healthy rich diet

Drink vitamins

Do yoga and exercises

Make time with friends and focus in the present

SUCCESS CRITERIA: Self-regulation and willingness

REASON: I have a weak body and I want to practice a healthy life until I get used to it and became my normal habit. I am not a fan of junk food but I still think that I’m not living a healthy life today because I refuse to exercise. But now that I noticed that it is important to take care of yourself and we need these kind of things to prevent us from being sick, I finally told myself that I have to change this kind of lifestyle and start to be healthy; not only physically but also mentally.

[mikemortgage]

Aggressive response at significant cost: Businesses approve of Liberal measures, but yearn for U.S.-style tax cuts

Finance Minister Bill Morneau’s much anticipated bid to boost Canadian competitiveness will go some distance toward countering aggressive U.S. tax reforms and injecting new life into a sluggish business landscape, business leaders and economists say.

In crafting his fall economic statement, Morneau was expected to counter two headline reforms in the U.S.: measures allowing the full and immediate write off of investments in machinery and equipment, and a deep cut to the corporate tax rate — enough to wipe out Canada’s long-held advantage.

The minister addressed at least one of those concerns, matching the U.S. write offs and extending them until 2024, two years longer than they will be available south of the border.

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“The focus here was trying to improve Canadian competitiveness and that’s a positive step in the right direction,” said Doug Porter, chief economist at BMO Capital Markets. “But the cost is significant. I might not have used all my chips on one measure. I might also have reduced corporate income tax by a percentage point. But we’ll see how it works.”

For Canadian manufacturers and those who sell to them, the new ability to immediately deduct the full cost of machinery and equipment is “only a good thing,” said Rob Wildeboer, executive chairman of Martinrea International Inc.

“We like to be close to our customers and our customers determine where to set up their businesses based on the entire cost package,” he said. “So if they can write off investments that just makes things here more attractive for them.”

But write offs are just one consideration in attracting companies to establish operations in Canada, he added.

“If this is about Canadian competitiveness, well there are a lot of things that go into that,” Wildeboer said. “One is the corporate tax rate, another is the carbon tax.”

In all, the new federal write offs will lower government revenues by $14 billion and deepen annual deficits.

The measures come just in time for Calgary-based Pieridae Energy Ltd., which is looking to build a $10-billion liquefied natural gas project in Nova Scotia.

“Generally speaking, I think it would be a good thing,” said Alfred Sorensen, president and CEO of Pieridae. “It would help put us on a level playing field with the LNG terminals in the United States.”

Another measure that caught Sorensen’s eye was the government’s willingness to provide a 100-per-cent deduction for clean energy equipment, as Pieridae has been considering installing equipment at its proposed LNG facility that recycles waste heat into electricity.

“That would probably have a significant impact on our decision to install that type of equipment,” Sorensen said.

In addition to the write offs for manufacturers, a new Accelerated Investment Incentive will allow all companies in all sectors to triple the current allowable deductions on both “tangible” assets, such as buildings, and “intangible” assets like intellectual property.

“It took a bit longer than might have been expected, but these measures should help address the competitiveness challenge by incentivizing further investment,” wrote Brian DePratto, senior economist at TD Bank Group, in a note to clients.

As part of a goal to increase exports by 50 per cent by 2025, the government will also dedicate $1.1 billion toward measures aimed at opening new markets for Canadian firms. Much of that money will go toward improving marine ports and other transportation capacity.

Another $800 million will go into the “Strategic Innovation Fund”, supporting “innovative investments” across the country — a measure that had been on the wish list for Canadian Manufacturers and Exporters’ president Dennis Darby.

“This fund helps companies expand and we know a problem we have in Canada is getting businesses from a small to medium size,” Darby said. “Overall this is a good budget. We didn’t get a commitment to overall tax reductions but we’ll keep pushing for that.”

Under measures that took effect in January, U.S. President Donald Trump slashed the combined U.S. federal and subnational corporate tax rate to 26 per cent from 39 per cent, compared to Canada’s combined provincial and federal rate of 26.7 per cent.

That measure, combined with the full and immediate write offs on equipment and machinery, has sparked a huge wave of investment south of the border, said Robert Hattin, chief executive of ProVantage Automation in Ancaster, Ont.

“It’s an industrial economy like I haven’t seen in 20 years,” said Hattin, whose firm sells factory automation products to customers in Canada, the United States and Mexico. “And the capital expenditure write offs are a huge motivator for people. All the multinationals we work with have been redirecting the bulk of their capital to the U.S.”

There were incentives for the beleaguered mining sector as well, in the form of the extension of the Mineral Exploration Tax Credit.

Glenn Mullan, president of the Prospectors and Developer’s Association, said the tax credit is a “huge win” for miners, and a sign that the government recognizes the importance of the mining sector. The new rules mean exploration companies can extend tax credit from one year currently to at least five years, which should spur more mineral exploration, Mullan said.

Passed in 2000, the METC is designed to encourage investment in mineral exploration by allowing companies to pass tax credits to investors. According to Mullan, two-thirds of all mineral exploration in Canada is funded through METC investments.

“Now for the first time, we have a five-year time horizon,” said Mullan. “That’s very good for the most junior companies because they can do much more financial and strategic planning than ever before.”

“A one year horizon was problematic from the beginning,” he added. “Mineral exploration is a long process, not too many people discover a mine in their first summer of work.”

For Demetrius Tsafaridis, whose Burlington firm CareGo sells robotics and automation equipment, the U.S. reforms prompted a major shift in his customer base. While his 2017 sales were split equally on either side of the border, this year, 90 per cent of them are in the U.S.

“There’s no question there’s been a huge surge in business for us in the U.S. because of the tax changes,” he said. “But this move from our government today is a very aggressive response. The companies that are here and aggressively want to grow will jump all over this. This gives them an immediate recovery and it makes it much easier for companies like mine to sell to them.

But when it comes to convincing new companies to establish a footprint in Canada, the move may not be enough, he said.

“Longer term they’ll have to do something about the tax rate because companies aren’t going to invest here over the U.S. if our taxes are higher.”

With files from Gabriel Friedman and Geoffrey Morgan

• Email: npowell@nationalpost.com | Twitter: naomi_powell

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