In December 2003, I invested 120K for the purchase of two motor cabs for hire. The balance of 80K (200K kasi ang total cost ng two MCH) was paid for by the boundary money from the motor cabs. When I was in Saudi, my niece would email me the statement of remittances/income for every investments that I have, and for the motor cabs, below was the May remittances:
MONTH OF MAY
05-01-06 280.00
05-02-06 90.00
05-03-06 320.00
05-04-06 CODING
05-05-06 430.00
05-06-06 580.00
05-07-06 430.00
05-08-06 580.00
05-09-06 430.00
05-10-06 430.00
05-11-06 CODING
05-12-06 walang biyahe, may bagyo
05-13-06 354.00
05-14-06 45.00
05-15-06 580.00
05-16-06 580.00
05-17-06 580.00
05-18-06 CODING
05-19-06 580.00
05-20-06 441.00
05-21-06 530.00
05-22-06 580.00
05-23-06 580.00
05-24-06 300.00
05-25-06 CODING
05-26-06 152.00
05-27-06 580.00
05-28-06 580.00
05-29-06 580.00
05-30-06 580.00
05-31-06 510.00
--------------------------
11,702.00 TOTAL CASH REMITTANCE
EXPENSES FOR THE MAINTENANCE
05-02-06 490.00 cyclone tire (tmx red front tire)
05-03-06 260.00 2L oil (tmx red and blue)
05-13-06 266.00 oil (tmx red and blue)
05-14-06 515.00 tire jumbo (tmx blue back wheel)
05-14-06 20.00 labor
05-20-06 84.00 kuyo, grease (tmx red)
55.00 spraket (tmx red)
05-26-06 212.00 breakshoe, koyo, grease (tmx red)
25.00 dagdag oil (tmx blue)
35.00 vulcanizing
05-31-06 70.00 m. bond, gasket (tmx red)
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2,032.00 TOTAL EXPENSES FOR THE MAINTENANCE
In my earlier entries, I said the cabs are giving me 600, that is true, the missing 20 is deducted daily because it is the honoraria of the person managing the cabs. I bought these cabs so I can provide jobs to my relatives - para hindi hingi ng hingi, and at the same time, for me to earn money as well, o diba? I actually do not know the details much, I do not even know what kuyo is? hehehe, but who cares?
MONTH OF MAY
05-01-06 280.00
05-02-06 90.00
05-03-06 320.00
05-04-06 CODING
05-05-06 430.00
05-06-06 580.00
05-07-06 430.00
05-08-06 580.00
05-09-06 430.00
05-10-06 430.00
05-11-06 CODING
05-12-06 walang biyahe, may bagyo
05-13-06 354.00
05-14-06 45.00
05-15-06 580.00
05-16-06 580.00
05-17-06 580.00
05-18-06 CODING
05-19-06 580.00
05-20-06 441.00
05-21-06 530.00
05-22-06 580.00
05-23-06 580.00
05-24-06 300.00
05-25-06 CODING
05-26-06 152.00
05-27-06 580.00
05-28-06 580.00
05-29-06 580.00
05-30-06 580.00
05-31-06 510.00
--------------------------
11,702.00 TOTAL CASH REMITTANCE
EXPENSES FOR THE MAINTENANCE
05-02-06 490.00 cyclone tire (tmx red front tire)
05-03-06 260.00 2L oil (tmx red and blue)
05-13-06 266.00 oil (tmx red and blue)
05-14-06 515.00 tire jumbo (tmx blue back wheel)
05-14-06 20.00 labor
05-20-06 84.00 kuyo, grease (tmx red)
55.00 spraket (tmx red)
05-26-06 212.00 breakshoe, koyo, grease (tmx red)
25.00 dagdag oil (tmx blue)
35.00 vulcanizing
05-31-06 70.00 m. bond, gasket (tmx red)
-------------------------------------------------------
2,032.00 TOTAL EXPENSES FOR THE MAINTENANCE
In my earlier entries, I said the cabs are giving me 600, that is true, the missing 20 is deducted daily because it is the honoraria of the person managing the cabs. I bought these cabs so I can provide jobs to my relatives - para hindi hingi ng hingi, and at the same time, for me to earn money as well, o diba? I actually do not know the details much, I do not even know what kuyo is? hehehe, but who cares?
I have since then recovered my investments, and the cabs, being well maintained are expected to last 8 more years. Right now, my net is around 9K a month, or 108K a year. Thats good money. Apart from providing jobs to four people.