Father Sez

From and to parents - parental advice to our children on personal financial management and life.
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Archive for the ‘Time Managment’ Category

I collected the RM625 fuel subsidy today. And it took me all of about 15 minutes.

Tuesday, August 26th, 2008

In early June 08, the Malaysian pump fuel prices were raised by 41%.  This increase immediately created a tsunami of increases in the prices of almost everything you could think of.

The pain inflicted on the man in the street by these increases is still being felt and will be felt for quite a long while.  At the same time (to alleviate the sufferings of us poor Malaysians!!!) the Government also announced a rebate of RM625 per individual car of 2,000 cc or less. People with cars registered in the name of companies, permanent residents and expatriates all got the short end of the stick.  

The Postal Services (which was privatised some time ago) was appointed as the sole payout agent. 

And true to form, Malaysians turned up by the busloads to collect the rebate. The Post Offices were jam packed with people with queues reminiscent of pictures of people lining up for rock concerts.  

fuel-rebate-crowdsresized.jpg

Image credit: The Star Publications via the Danesh Project. (Thanks, Danny) 

Today, about 2 months after the announcement, I went to collect the rebate on our car at the Post Office at a shopping mall about 2 minutes from our house.  Collecting the form, filling it up, taking a number, submitting and collecting the princely sum of RM625 took me a sum total of about 15 minutes.  

A well spent fifteen minutes.

I wonder if I would have ever spent time lining up in the sun, like some of the people in the picture above to collect this or any other rebate. I also wonder if this “attitude” is needed in someone’s profile to attract and retain wealth.

My plan on making time for my personal goals

Tuesday, March 18th, 2008

Zen Habits recently wrote an excellent article on how to make time for our personal goals. He listed 11 points, which if followed, should achieve the intended purpose. 

I have been making, what I believed to be SMART goals for quite some time now. However the end of the year review would inevitably earn an “F”. So many of the goals would be left untouched and just carried forward to the next year. 

Even since Cash Money Life started the very useful Carnival of Financial Goals, I have been reading a lot of stories on the goals set by PF bloggers and also their reviews. Some of them even post a monthly review of their journey. 

This has trigerred the feeling of inadequacy in my goal setting and achieveing mechanism.

Thus the post by Zen Habits was most timely.  

Though currently working, I have set a goal and made plans to quit the rat race. Now more than ever, I want to ensure that my set goals are achieved. And this is how I am going about it. 

a)  Reviewing my goals and making sure that the goals set are truly, truly something that I WANT AND DESIRE. 

I attended a course on goal setting a long time ago. One statement the presenter made that has been etched permanently in my mind is “You must really want the goal! If you are not willing to spend money, effort and time in achieving that goal, then you might as well forget it now.” 

So some of the goals are being sort of discarded.  (One of them has to do with this blog. Even since I read the Baglady’s plan to start a Chinese blog, I wanted to start one in Malay. This plan has been discarded, or rather set aside.)

b) Redoing my time management  

I wrote a post sometime ago on how I plan my time. This method has worked for me for quite some time and I am very happy with it. The key drawback was in the manner I was setting up my schedules. 

I was not scheduling my priorities; rather I was prioritizing my schedule.   

 time-management-ms-picture-manager.jpg

As the chart above shows, my time management process now consists of:- 

i)                  Looking at my goals and the plans I had drawn up to achieve the goals,  

ii)                For each goal, I asked myself, “What should I do this month to achieve this goal? What should I do this week and what should I do this day?” 

iii)             Plugging these tasks in my calendar, 

iv)              And working on them. 

c)               The tasks under career etc. 

These have now taken a lower priority. I have a firm belief that I’ll never ever bite the hand that feeds me, so my boss need not have any worries that I’ll just laze away. But I must admit there is no blazing fire in me causing me to want to shine in my career. 

I have sacrificed far too many “once in a lifetime events” as far as my family is concerned. I have always put my job first. This is no longer going to be the case. For my 3 younger children, I’ll be there for their memorable days and events.

I no longer have to make a choice between career and family. This has already been predetermined.          

Now I am confident that my priorities have been scheduled! 

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