This is my best hobby...nagsisimula pa lang pero ito ang pinaka nagugustuhan ko

CASHFLOW: PINOY STYLE
paano at ano kailangan ko maging para palaguin ang pera

to many rich people, this topic of cashflow is a way of life
to poor people, this topic is a little vague

it is hard to define who are truly rich and who are truly poor.. but we will try to find the bounderies in this thread...try lang naman..no harm..intended.

but to start this thread, i believe, can help INTRODUCE many of our poor countrymen to the ideas shared by the RICH MINDS in our small planet... as we try (try lang) to unravel its mystery.

if you wanna become "RICH" ...however you wanna define it .. this thread will give you a start... If no body can share coz they just prefer to read once in a while ..that is fine by me ... I'll just do a monologue ... hahahaha..

"cashflow" as a new hobby of mine .... it involves talking about money and knowing how to BEST grow it. ... but since the RICH really became rich because of what they are inside ..... we will try to begin our search for those things they got OTHER THAN THE MONEY that we do not have at the moment....... lahat naman sila nagsimula wala pera di ba... so paano sila nag kaganoon? ...

i believe that if we walk their path, we will also discover what they discovered ..... and that is part of their mindset that we will try to dissect .....that continous search, learning, practice ........... are still the reasons why they are different from all of us.... That is the subject of this new found hobby of mine.

This hobby involves real life for all of us .... to me, it also involves an ordinary gameboard that I play alone or with business-minded friends. I will not focus on the game... on the board ... mahal yung gameboard para sa ordinary Pinoy ..... but will FOCUS MOSTLY on the game in REAL LIFE ... the things that go through the mind when you learn from playing the game on the gameboard and in real life.

for this thread, these are my expectations:

1. share how to acquire the right mindset by defining terms, explaining concepts, identifying "tools" that the rich folks have inside their secret "boxes".... this is not comprehensive..... it will just help you guys to get started. par abang instruction manual ito na pagkabasa mo.. bahala ka na dumiskarte ...pero wag ka...baka maya maya gusto mo balikan baka may nakalimutan ka kasi may konting di ka ma intindihan sa nangyayari at ginagawa mo.

2. share what simple skills the rich develop all through the years... how they practice those skills .. this will also be a rough dissection of the disciplines / the regular "routines" they do. ... di naman lahat pero hahanapin natin kung ano ano yun....

3. share the strategies they use... the opportunities available.. I hope that if nobody else contributes from the initial postings that I will make, if that is the case initially ..... I hope at least more people will read and share, comment, etc in the later threads when they see that there is something big brewing here. ... so di natin malalagay dito lahat... yung kakayanin lang natin... very general strategies.. bahala na yung iba mag-trim according to their particular sitiuations/scenarios... you know whahat i mean ....

Hopefully, this will later become a pool of brilliant real life strategies in the big subject of investing... as a hobby. .. gawin nating parang laro ... that is what it really is... its all a game.. lets play it. lets share it. "BAYANIHAN ITO" tulungan ng mga Pinoy para sa Pinoy!

proceed to next post later if you will

some buy this gameboard upon recommendation from friends..... some ....they just saw it in a store and buy it off the shelf.

some play once.. then they quit playing it coz they find it boring... LISTEN ... all they did was throw a dice and walk through the squares and get their salary on a regular basis........ I admit that what many do is pretty boring ... ON THE BOARD ..... and I noticed ... that is also what they do in real life .... they just work and wait for their salaries .. hey , they also dream of becoming rich one day .. but a wish is just a wish ..... in the game , if you only wish and do not act .. nothing will happen ... same with real life .... ALL of us wish we were rich ...hahahah ... but majority do not do anything substantial about it except that which they are more familiar with ... their only and ultimate solution ...get a better job and work harder .....

Wag na muna kayo bumili ng boardgame kung mahal... but it will help if you play the game with people who know how to invest..... so for now, lets play it in real life.... so how do you become successful in the game and in real life .....?

proceed to next post if you will

we all know that before you use a device ... you usually read the intruction manual ... we familiarize ourselves with terms, parts, precautions ...etc.

do you go through the manuals? ... hahahaha ............ aha not really ... i'm am equally guilty ...we are just too excited most of the time ..... our emotions get in the way ... our emotions hijack our optimum approach to many things ..... business or pleasure ...hahaha .. then we fail .... majority fail ..... and majority talk about their failures ...failures scare the inexperienced .... the inexperienced or uninitiated spread the news to scare more people ...... hahaha ....and the cycle goes on....

smart people would not just listen to the failing ones or the parots who spread the news ... they try to find the successful ones and ask them personally what happened... unfortunately, many successful ones are "doers" rather than "storytellers or teachers" ... they just do it...... rather than talk about it. ... they are too busy making money and other more important things we dont see....they do not have real time for us .....

somehow ... they are more successful because they encounter less failures ... and they have less failures because they learned from so many prior mistakes they also made... example.. I shot myself with the airsoft gun because I did not put it on the safe switch and als forgot tp replace the plastic stopper on the gun's nozzle... then when I read the manual and follow the safety precautions religiously, the accident will never happen again and I can use/carry the toy around with virtually no risk.... Successful people want thet ... doing stuff by making the risks low or well-managed... There are still risks.. but risks are managed and, controlled and minimized... then follows success... after sucess after success.

so why try to be and act rich ... if we have no idea of the basics? and bagsak natin noon trying hard and we will surely fail

the basics include concepts, terminology, words, mindsetting...... so ganun ka basic! and realizing that we do not know the basic means we may have a small problem....

pero sigurado ba ako... concepts.. ideas .... yes I am sure ...kaya medyo nakaka antok... puro dal dal puro basa.... kaya nga sabi ng mga milyonaryo na .... kelangan mo daanan mga bagay na akala mo di kailangan pero kailangan pa rin talaga..... tulad ng magbilang.... dati daw palagi silang napagsasabihan ng magulang nila na magaling sa negosyo...dami pinapagawa at pinapabasa at ine explika..pero ayaw nila noon...gusto nila kumita kaagad sa negosyo diretso ...mali pala yung basta basta...

so kailangan sa simula ng tyaga matuto magbasa, magtanong..... so kailangan pa ba ng formal schooling...parang business school? di na siguro .. yung iba nga malalaking pangalan ngayon nakaya nila walang diploma .... kaya din natin

kaya nga na-develop yung gameboard para kahit paano .. parang naglalaro lang ..... kahit napaka laking subject ng investing

pero bago mo malaro sa tunay na buhay .....at maintindihan ...syempre kailangan mo ma intindihan ang concept ng cashflow.... otherwise maghihintay ka lang sa sweldo na palagi mo naman ugali....

so ibig ko sabihin may dapat tayo ibang maging ugali ..... kaya nga bago sila naging mga milyonaryo eh matagal na panahon kasi kailangan din practice.... nawala dahan dahan ang pangangailangan nila sa sweldo dahil lumalaki kita ng pera nila sa labas ng sweldo.

"nako... pano kung wala ako tyaga... tyaga mag aral ng bagong concepto?" ... ayun dapat makuntento ka na sa alam mo ngayon... dapat maging masaya ka na sa ganyan..... pero kung gugustuhin mo mabago takbo ng buhay mo ngayon, magagawa mo ng paraan at malalaman mo kung ano dapat mo gawin kahit nasan ka at kahit sino kasama mo.

para diretso..

get and understand the concepts ... ask knowledgeable friends... read books ... read the posted messages
develop the right mindset over a few months
develop the skill set, disciplines.. which may take years... develop the proper emotional intelligence... may take years...
know, modify and apply different strategies you learn from others or those you made yourself....

so just terminologies, mindsetting, developing a few basic skills like "counting", and the emotional intelligence .... madiplomasya at mapasensya sa iba .... lahat nga yan pwede mo makuha ng walang gastos depende sa diskarte mo....

kung ano man ang ilagay ko dito... sigurado ako, di ganun ka kumpleto yun... kaya nga start lang ito .. or introduction lang.... di ako magtuturo at ako ay nag aaral din... ang mga sarili natin ang magtuturo sa atin..

read next post later if you still have the patience ....

pag usapan dito kung pano ba dapat tayo mag isip (mindset) .....mga skills na praktical na kailangan .....at mga strategy na kailangan.

we will all be successful if we complete this requirements:

80% proper mindset ... naku napaka libre nyan

19% discipline/skills ... ayan kailangan practice at may taga correct.. tayo atmga sarili na rin natin yun

1% strategy ... dami nyan... pag nagkaroon ka ng mindset ...ikaw na makaka isip ng maraming strategy.

total 100%.....

so makuha lang natin mindset na tama sa forum na ito eh malaki na mararating natin kung lahat tulong tulong.... oki lang kung puro ako mag contribute na parang monologue.. sige pagtyagaan natin .... so inuulit ko.. eto ay intro lang... basic .. simula .... bwelo lang ... para magkaroon lang nang idea kung paano tayo mag iisip at kikilos sa araw araw para maging successful. kung maging masmagaling kayo kesa sakin,... masmaganda yun .... share ka naman para matutuo din ako.

sige next post na lang.. siguro i post ko kung ano ibig sabihin ng assets at liabilities na palagi ginagamit na salita ng mga milyonaryo . relax lang.. post mo definition mo para makita natin kung ano ba ang alam natin tapos makita natin kung ano and mas simple na definition para maintindihan natin ang concepto na yan..... nasa dictionary naman yan

sa ayan tanong ko.. ano ba ang "assets" para sayo?
ano ba ang "liabilities" para sayo?
yan ay kabisado ng milyonaryo kaya di sila basata basta naloloko ng kahit sino....

example lang... tanong ....question .... ang bahay mo ba na malaki na titnitirahan mo ay masasabi mo na "asset " mo?

The initial part of this hobby is deciding if it was meant for you ... and to know whether it is or not, is to know what is it all about.... to know that, we have to know what lies behind the terms used by wealthy people .. terms they really understand at their high level...
so when we speak about assets ... many poor and middle class people I personally know ... who are very nice people .... really dont know the real macoy .... example I asked a very "successful" ENT surgeon friend .. "bakit ka ba nag upgrade pa ng bahay? maganda na naman bahay nyo ah... do you know the difference between an asset and a liability?" ... I asked that coz he mentioned he had no choice but to work harder in his clinics coz he is paying for a nice big house inside a very high-end subdivision .... he answered ... not to the surprise of many ..... "oo, di ba asset ang malaking bahay syempre" .... and probably a lot of readers without the right/proper mindset would see nothing wrong with that answer....

read next post if you will

" o eh kumikita ka ba sa bahay na yan? o lumalabas ang pera sa maintenance nyan? " .... syempre bago pa, wala pa maintenance yon ... so mukhang napa isip sya doon pero naputol na usapan kasi may tawag na siya sa O.R.

I am not saying he should not get that house.... and to make a long story short .... if you have the proper mindset, you will buy a simple house first.. simple lahat ng gamit...bare and basic kung baga para la masyado maintenance at labas na pera ....(so think cashflow as hobby) .... kapag ang kinikita mo na passive income sa mga negosyo, real estate, stocks, etc ay mas malaki na sa expenses mo, tsaka ka na mag isip bumili ng mas malaking bahay/mansion o mas malaking kotse/SUV/eroplano at ang pera .... ay dapat manggagaling dyan sa passive income na yan at hindi sa active incomena tulad ng salary mo...

so dun sa salary mo.. dyan ang pambili ng bahay mo na simple lang kung kakayanin...
doon naman sa passive income kinukuha ng mayayaman ang kanilang magagarang bahay at ari-arian.... malaki ang pag kaka iba... sa labas mukhang marami mayaman ... pero sa cashflow, kita nyo na may kunwari mayaman pero naghahabol sa pagbabayad ng ari arian nya kinukuha sa active income nya ... at may totoong mayaman na sobra ang pera na kinukuha sa passive income niya.

ganyan ang isang simple na example kung paano mag isip ang dating maliit na negosyante na ngayon ay sobrang lalaki na ng negosyo .... nag concentrate sila sa pag iipon at pag bili ng mga tunay na "assets" ... na naghahakot ng mas maraming pera para pambili ulit ng mas maraming tunay na assets ......

ang pera na na iipon nila ay pambigay nila sa sarili nila ... they pay themselves first (tsaka na natin pag usapan yan strategy na yan) ,.. sa ngayon importante sa hobby na ito na malaman mo ang instruction manual ng laro ... the game of real life ..... malaki ang nawawala sayo kapag di mo nakikita kung ano ang tunay na assets sa tunay na liabilities.

Dyan ka nag kakaroon ng problema ... ang sarili mong pananaw at education ...mali ang processo ng ating mga pag iisip kaya nilalaro natin ng ng walang direction ang buhay... actually may direction ..umiikot lang tayo at nauubos ang pera natin ...

in the game/hobby CASHFLOW, mapapansin nyo ang madaming naglalaro... umiikot lang sa araw araw na pag trabaho..pagsweldo...pag gastos sa liabilities ...pag sweldo ulit and so on and so forth ... that plan is very risky lalo na sa panahon ngayon .... sa hirap ng buhay, everyone can't afford to loose money from liabilities ... kawawa naman ang madaming pinoy na ganyan klase ang style ng pag lalaro sa CASHFLOW nila. pero dahil nga wala sila sa tama at mas superior na mindset, napupunta ang pera nila sa mga taong mas marunong mag palaki ng pera.... alam ng mga magagaling na taong ito ang mind set mo kasi dun sila galing ... alam nila kung pano ka mag isip at ano ang gustong gusto mo magkaroon ....kahit di mo ito talaga kailangan ....at kahit kaya o hindi mo talaga kaya tustusan .... kaya nga napapagastos ka kasi ang sinusunod natin mga emotion natin ...

ang nasa tamang mindset ... ang pinag tutuunan nila ng pansin ay mga mas importanteng bagay .. naiipon nila ang pera para paglagyan sa tama instead na mapunta lahat sa liabilites na di mapapakinabangan ng mas maraming tao... na pansarili lang.

if you want to have this mindset so you can start this new hobby of cashflow, read next post for more basic terms.... gusto mo ba ng terms o gusto mo kumita na? kung gusto mo kumita na, mali pa rin ang mindset mo... para kumita kailangan mo muna aralin ang nasa paligid...part of investing is studying all angles bago ka maglabas ng pera mo (hindi yan tunay na investing) sa kahit anong endeavors na magustuhan mo.... so kung gusto mo maglabas ng pera at kumita na... dun ka na sa labas...di mo na kailangan magbasa pa... kung gusto mo mag invest ng tama, alamin mo muna lahat ng kailangan mo..lahat ng kakulangan mo sa mga bagay ... kung kulang pa rin ay dagdagan... kung kulang pa rin ay maghanap ng katulong/ka partner na marunong sa aspekto na yun.

read on for some more basic terms...di ko na pahabain pa.. use your imagination sa araw araw na buhay nyo para magkaroon ng mga example.

the paranoid and the traumatized..... would ask... "ano kaya
binebenta nito? di ako bibili at wala ako pambili"... hahahaha!

Answer is ....No... im am not selling anything or recruiting people
for any venture or religion..... kanya kanyang diskarte yan...bahala kayo sa gusto nyo gawin ... pinapaalam ko lang sa mga kawawa na pinoy na palagi kulang sa pera ... kung pano sila dapat mag isip ng tuwid at tama at para masimulan ang sarili nilang cashflow hobby sa tunay na buhay nila ..... i am just sharing what i know and sharing it free ... o sige medyo gagastos ka lang ng konting oras para magbasa... o sige sige tsaka koryente o internet
card .... o sige sige oo pati energy for brain activity magastos mo ng
konti ... tama na yun

o ayan lang siguro gastos ... o di ba nabilang natin lahat ng gastos?
galing!!!!!!! teka..... magkano lahat yun???? lugi ba? tama na kalokohan hahahaha

Below ... I will try to define some terms that I might have mentioned
several times or will mention occasionally.... pag na intindihan nyo
definitions ...subukan nyo basahin ulit ang topic discussions para mas malinaw....

siguro mga terms na:
Income
assets
liabilities
debts


There are two major types of income.

active income- money we need to work for
-if we stop working because of health or old age, income stops


passive income- money that we receive regardless if we want it or not…regardless if
we work or not.
-money working for you for many generations.
-portfolio income from interests and dividends are included here
-business income from franchises and network marketing are also
included here.


Some more specific examples of income are:
__________________________________________________________________

Active Income
Salary and fees (commissions/bonuses) - associated with a job
- may increase if we work harder and longer.
­­­­­­­­­­­­­­­­________________________________________________________________\
___

Passive Income
Interest - savings accounts
Dividends - stocks
Rental income
Royalty income - songs, books, movies, trademarks, inventions, etc
Residual income/business income - big businesses, franchised
businesses, network marketing.

madaming passive income ... di lang natin masyado pinapansin kasi nakatutuk lahat ng tao na mali ang mindset sa active income na sweldo ...
___________________________________________________________________


Eto analogy......If you were to marry a partner, would you choose
someone who will leave you when you are too sick or too old? ... of
course not.... ang active income ma wawala at iiwan kayo

We may not admit it, but many would readily fall in love with active
incomes and commissions which are very substantial…. especially if
they would be about P50,000 to P600,000 per month. And while deeply in
love with these vehicles, we ignore small passive income that builds
up slowly but steadily through time. ... so iiwanan tayo ng active
income .... per ang passive income, nandyan pa rin after retirement ... kaya kung ako sa inyo, mag concentrate, aralin at alamin ano pa ba ang ibang pwede pag kakitaan.

Never fall in love too soon with the wrong vehicle. Choose the kind of
income that would not leave you through thick and thin.

Be careful choosing who you work with. Check if your business
associates are interested in your personal growth. Try to grow passive
income aside from your earned/active income.

Good Expenses and Bad Expenses
Spending for a business is spending for an asset.
Spending for financial education is spending for an asset. A strong
financial education will multiply your income and help you avoid
losses.

Not all expenses are bad. Spending for assets are good expenses.
Spending for liabilities are bad expenses.

Assetsand Liabilities
Part of the problem is not being able to distinguish the difference
between an asset and a liability. Many people are spending more for
real liabilities that they continue to think ....are real assets.

Liabilities are things that take money away from you on a regular
basis... ang pera palabas.....

Assets are things that grow your money... They overflow your small
pockets with money.... ang pera pa-pasok....

Financially literate individuals would know which is which. They spend
money on assets. They buy liabilities that they can convert into
assets. Rather than spend active income/ salary for liabilities that
we all do on a regular basis, financially literate people would
instead have their assets work to spend for their liabilities. A rich
lifestyle is a liability so they finance their lifestyles with passive
income from their performing assets. They would never spend their
salary on these lifestyles..........halimbawa..

may doctor bumili ng dalawang ford expedition ...financing...
ayun....big time and dating ...pero kinukuha nya sa active income nya
ang pambayad... that is an example of active income paying for
liabilities... yan ang iniiwasan ng mga financially literate na tao...

another example... yung negosyante, gusto ng pick up para practical na
pang hakot sa nag sisimula nyang negosyo... ayun bumili ng maliit na
food cart business muna... tinayo sa matraffic na lugar na kina
iinisan ng tao na stranded kasi nakita nya na nagugutom ang mga tao na
kaawa awang naghihintay.... kumita ang food cart kasi yung naiinis na
tao nagugutom nga habang naiinis sa crowded na lugar .... kumita ng
malaking monthly passive income and food cart business na pwede pang
bayad sa financing ng pick up.... natapos bayaran ang pick up...
ayun...may dagdag na income kasi patuloy na kumita ang food cart
business nya ng ilang taon pa .... di mo namalayan....biglang binenta
nya ang business nya na food cart nya...tapos nabalitaan mo nag patayo
na ng jollivee! nhahahaha! ... nakita mo minsan intresado sa mga
hybrid at electric na kotse .... bibili kaya sya... tsismis.... ayun
after a few years,... naging dealer ....lalo kumita sa hirap ng
buhay...alam nya kailangan ng tao ...tumutulong lang sa nanganga
ilangan... ayun di mo na nakikita.. palaging nag aabroad na... hindi
nag nunurse ha! hahahahah ...nag pupunta sa africa dun sa maraming mga
elepante at nagugutom na mga bata... ewan kung nagpatayo ng jollivee
dun... tsismis lang ...hahahaha

eto pa example kung di ka pa pagod mag basa ...ako kasi pagod na mag
type ...hehehe

There was a man who was good in school. He got a good job with a nice
salary so he was planning to buy a house. Is a house an asset or a
liability? A house is a liability unless it is a rental house that
gives you money.

The man bought the house. He loaned money from a bank. He now has to
work harder to pay for the house. The same man fell in love with a
lovely lady and they both got married. They lived in their house. They
do not want to walk to work so they bought a car. Is a car an asset or
a liability? A car is a liability unless it is a rental car that gives
you money.

He bought the car anyway. He got a loan from the bank and began to
work harder for longer hours until one day the wife got pregnant. Now
is a child an asset or a liability? hahahahahahaha!


A child is a Blessing!

Moral of the story is that:
Assets will feed you for life.
Liabilities will eat you alive.



Good Debts and Bad Debts
Not all debts are bad.
Bad debts happen if you borroew money for liabilities .... Bad debts will make you poor. Some smart people try to avoid debts. Unfortunately in avoiding bad debts, these same "smart" people also avoid GOOD DEBTS altogether ... but they dont know good debts .....are debts that make the rich....even
richer.

Borrowing money for assets are good debts. Good debts are debts that
will make you rich. Millionaires use the leverage of good debts to
augment their income. The rich become richer because they know how to
manage risks. They know how to grow money. They know how to negotiate.
They find opportunities because they know what to look for. that is because they have the proper mindset unlike the rest of us pinoys.

Banks and financially intelligent people strike a win-win deal where
the money is grown fast by investing them in assets. They eventually
return the money to the owners of savings accounts (our average pinoy
guy) with a small interest. The average guy spend them again on
liabilities they love…. considerable portions of their money are again
given to the banks which will be again used by more capable,
financially literate guys.

Hence, the average guy retains poor money habits with a temporary rich
lifestyle supported by their salaries/active income only until
retirement. The rich (upper class) sharpen their money habits and are
rewarded by a genuinely rich lifestyle as a residual product of
passive income from performing assets that grow way beyond their
grandchild's retirement.

tama na muna yan ... ang susunod ay ang tinatawag na "asset allocation"... sa tingin ko kailangan nyo din malaman kung ano yun kasi instrumento or tool yan sa pag papalago ng kita. sana mag post naman at magshare kayo kahit pabiro.

sir, cashflow 101 ba yung game na tinutukoy nyo? kase gusto kong rin malaro yan, sir nabasa nyo na po ba richdad poordad by robert kiyosaki?

for me...
staying rich or wealthy is not the amount of money your making, but the amount of money your money is making.

ang lalim ba? nabasa ko lang sa libro, pero im tinatry ko iapply sa totoong buhay, hehe...

sir, cashflow 101 ba yung game na tinutukoy nyo? kase gusto kong rin malaro yan, sir nabasa nyo na po ba richdad poordad by robert kiyosaki?

for me...
staying rich or wealthy is not the amount of money your making, but the amount of money your money is making.

ang lalim ba? nabasa ko lang sa libro, pero im tinatry ko iapply sa totoong buhay, hehe...

sir, cashflow 101 ba yung game na tinutukoy nyo? kase gusto kong rin malaro yan, sir nabasa nyo na po ba richdad poordad by robert kiyosaki?

for me...
staying rich or wealthy is not the amount of money your making, but the amount of money your money is making.

ang lalim ba? nabasa ko lang sa libro, pero im tinatry ko iapply sa totoong buhay, hehe...

oo..... cashflow 101 the gameboard..... pero itong thread na ito ay cashflow in real life.

marami na nakakakilala na kay Mr. Kiyosaki...kung nakapunta ka sa richdad asia website at makita mo dun ang picture ni Bellum Tan.... yung wife nya na si Doreen ang nagturo sakin kung paano mag isip ang mga investors sa stocks... iba sila mag isip.. iba ang mindset... at yan ang sinusubok ko ipaliwanag at i-share sa mga taong naghihikahos sa buhay.. para makakita sila ng konting pag asa...para makita nila na kaya pala nila magbago ng diskarte sa buhay...magaling nga ang mahihirap nakakaya nila mabuhay sa hirap ... yung anak ng mayaman mahihirapan magsurvive kung paano magsurvive ang mahihirap.... at ang mga milyonaryo na nag tayo ng mga lumaki na negosyo ay yung mga galing din sa hirap... so itong thread na ito ay para sa atin lahat.

oo nabasa ko na ang mga libro. hiniram lang...libre....... kung ma paraan ka nga ay di mo kailangan bumili ... nagkalat sa internet at sa mga bukstor na pwede mo mabasa "sandali" kung magugustuhan mo, yung iba naglalagay ng marker tapos..binabalikan at binabasa kung saan na iwan para masubukan ulit kung ito nga ba ay para sa kanila... bumalik balik hanggang matapos ang libro.. hahaha.... Yan ay wag nyo tularan....bad yun.

most of us rely our living only from active incomes. "disposable incomes" are hard to come by especially for those who earns only by the minimum(kulang pa nga eh). and for those who earns more, venturing into having a means for "passive" earnings should learn "RISKS 101" first bfore ur cashflow.

anyway, carry on bro.

most of us rely our living only from active incomes. "disposable incomes" are hard to come by especially for those who earns only by the minimum(kulang pa nga eh). and for those who earns more, venturing into having a means for "passive" earnings should learn "RISKS 101" first bfore ur cashflow.

anyway, carry on bro.


yes and this thread that try or will try to help poor people be equipped with the "proper mindset" will turn them from risky people to "risk managing people"... as you will soon realize... people will contribute their ideas.. people like me ...people like you who brought that up...that topic about "Risks 101" .... i will try to convince you that risky behavior explains the failures .... but the proper mindset can overcome that risky behavior ... and replace it with less risky behavior....

one example is riding bikes ..... I will be manifesting risky behavior if im driving my bike for the first time but tries to run it at the speed of 100 km/hr fresh from the store without protective clothing .... dyan galing accidente ... but if you learn RISK 101...may I use your term..... and try to .... first think and use common sense and you'll come up with a few good ideas ...then second ask around from people who have been "riding bikes" that are exactly similar but not necesarily identical...yung halos kapareho ....... do not ask and get opinions from pipol who do not have direct experience... (we will discuss how to identify the right people later) ,.. do that and you'll come up with even more options to control and manage your risks when you "ride bikes".... 2 heads are better than one... i cant come up with solutions/strategies/all the right moves by myself...but together people can really make waves.... kaya nga may partnerships...BAYANIHAN ika nga.. tulungan.... I like your input ..."risks 101" ... credit has to be given to you for bringing that up..... Fellow Pinoys speak up! I do not believe that only the chinese or theamericans are good with investing ... ang Pinoy pag humirit na makita nila ....

so check out that paragraph and replace the word "riding bikes" and apply it as if we are now talking about investment vehicles so parang "riding investment vehicles".... let me just remind you guys to not think of big businesses or investments first...wag muna....... yung maliliit lang.... "mani mani" ..."peanuts" .... lang kung baga... gumaganda ang usapan kapag nag contribute kayo ng ideas.. lets stick to mindsetting so we can finish and make a temporary conclusion in a few days time....

well, sharing my story, 2001 ako nag tapos ng bscoe, sa hirap mag hanap ng work at dahil na rin sa gusto kong makapag bakasyon kase kakagraduate lang eh tinatamad pa ko mag work nun, mangyaring umalis na yung nangungupahan sa pwesto namen so tinry kong mag karoon ng konting pag kakakitaan, nilagay ko yng isang kong computer at computer ng erpats ko at pina rent ko, may mga nag lalaro din, pakonti konti, eh naisipan kong haluan ng playstation, eh ok naman, so bumili pa ko ng isa pang playstation, so 2 pc at 2 ps sa isang araw, 20p/hr multiply mo sa 4 units multiply mo sa 4 hrs (minimum) equals 320p a day, minimum po yun, multiply mo sa 30 day equals 9600, after a month nahiram ko pc ng friend ko tapos sinabi kong bibigyan ko na lang sya ng porsyento, at nakabili pa ako ng 2nd hand ng pc, di po tumaas ng petium 3 yng mga pc ko nun, lumakas sya, hangang sa makabili ako ng 2 more pc's so 6 computers na at 2 playstations, tapos after a year na paganun ganun lang ang ginagawa ko, nakautang ako kay mother ng pang negosyo ko kase meron naman ng backup na kita, nakapag tayo na me ng isa pang shop na malayo samin, and its 2006 na, umabot ng 2 yrs bago ko nabawi yng nahiram ko. ang pag kakamali ko lang is bumili ako ng lupa at raider, kung pinang invest ko muna yung pera ko sa isa pang negosyo, siguro pinaplano ko ng bilin ngun is bigbikes, well anyway, next time, ipon muna ulet, until now kumikita pa rin yung pwesto namin sa bahay, almost 5 yrs na, nag improve na rin yng mga specs ng pc at 6 pcs pa rin sya, hehe.. hmm siguro nakatyempo lang ako ng pag kakataon...

gusto ko talagang matuto kung pano ang kalakaran sa stocks markets, sana po may makatulong, mukhang eto na yun time na pinaka hihintay ko, sobra...

well, sharing my story, 2001 ako nag tapos ng bscoe, sa hirap mag hanap ng work at dahil na rin sa gusto kong makapag bakasyon kase kakagraduate lang eh tinatamad pa ko mag work nun, mangyaring umalis na yung nangungupahan sa pwesto namen so tinry kong mag karoon ng konting pag kakakitaan, nilagay ko yng isang kong computer at computer ng erpats ko at pina rent ko, may mga nag lalaro din, pakonti konti, eh naisipan kong haluan ng playstation, eh ok naman, so bumili pa ko ng isa pang playstation, so 2 pc at 2 ps sa isang araw, 20p/hr multiply mo sa 4 units multiply mo sa 4 hrs (minimum) equals 320p a day, minimum po yun, multiply mo sa 30 day equals 9600, after a month nahiram ko pc ng friend ko tapos sinabi kong bibigyan ko na lang sya ng porsyento, at nakabili pa ako ng 2nd hand ng pc, di po tumaas ng petium 3 yng mga pc ko nun, lumakas sya, hangang sa makabili ako ng 2 more pc's so 6 computers na at 2 playstations, tapos after a year na paganun ganun lang ang ginagawa ko, nakautang ako kay mother ng pang negosyo ko kase meron naman ng backup na kita, nakapag tayo na me ng isa pang shop na malayo samin, and its 2006 na, umabot ng 2 yrs bago ko nabawi yng nahiram ko. ang pag kakamali ko lang is bumili ako ng lupa at raider, kung pinang invest ko muna yung pera ko sa isa pang negosyo, siguro pinaplano ko ng bilin ngun is bigbikes, well anyway, next time, ipon muna ulet, until now kumikita pa rin yung pwesto namin sa bahay, almost 5 yrs na, nag improve na rin yng mga specs ng pc at 6 pcs pa rin sya, hehe.. hmm siguro nakatyempo lang ako ng pag kakataon...


Yondaime,
I salute you for having the guts to start up a business... marami nauunahan ng takot ...lalo na ng word na "risk" ... kung hindi man takot .. eh may subconscious effort na maka-iwas di ko ma explika.... konti lang ang taong ganyan tulad mo kumpara sa marami ..... what we will dissect now is how you differ from the beginnings of very big entrepreneurs that are now giants when they only started just like you and me ...simpleng mamamayan..... (we will talk about their kind of dreams..and the burning "desire" in their heart that can not be easily put off by any major catastrophy they meet...example sila Mr Gates...mamaya na.

I salute you more for admitting that you made a mistake.... marami hindi aamin

I salute you more for letting us know how you would have done it if you were given another chance.... so in effect you gave us the solution...... marami, mag sasabi lang na delikado yun...yan tsaka yun... sabi nila...sabi ni ganun...sabi ni ganito .... those are the voices of the failing ones .... yung ginawa mo galing sa direct experience mo at dinugtungan mo ng solution na dapat ganun sana ginawa mo.... that my friend is a sign that you are on the right path... you have good core values ..... values that can also be seen in successful people.... you do not spread fear... you encourage openess and that things can be done in a better way... you also have problem solving skills that the successful people have.....later, i will discuss the different stages of human life (see "human life stages" later)... doon mo makikita ang iba ibang tao..depende sa core values, emotions, habits, skills, etc nila... makikita mo doon kung nasaan ka na sa pinili mo na landas o journey. .. magagamit mo rin yun para makilatis mo ang isang tao kung siya ba ay makakatulong sayo o maaasahan mo.

ikaw lang ang makapag sasabi kung ano ang pinaka maganda solution mo sa situasyon mo... in a theoretical situation....kahawig nyan ...may mga nakaka bili ng lupa na di kumikita kasi di nila nakilatis marami problema..kung ito ba ay malapit sa mga squater area, malapit ba sa commercial area, may mga pananim ba na mahalaga at may market na.....napag-aaralan yan bago mag labas ng pera....may iba naman bumibili ng lupa pero matagal bago napankinabangan noong ma ibenta kasi wala silang ma detalye na plano ... kelan ang "entrance strategy" nila sa pag invest doon at kelan ang "exit strategy" (tsaka na rin natin banggitin yan) .... may mga nakakabili din naman ng motor pero pang karera tapos di napapanalo..di din naman pinapa upahan ...at di nagagamit sa negosyo o pang bantay sa negosyo... ako gusto ko ng lupa..at gusto ko ng motor ... wala masama doon .. pero kung makaka abala sa plano mo magpalago ng pera ... sa bandang huli mo matutunan yan at magiging mas magaling ang desisyon mo sa mga susunod na pagkakataon ..... di dapat pinag hihinayangan kung nagkamali ka dahil ikaw ay natututo.... learning through our mistakes and undergoing the process of improving ourselves.. making mistakes is better than not doing anything at all... like just "sitting or walking around" all day wishing they were millionaires ....hehehe sabi nga ng ibang milyonaryo .... "i have failed my way to success after success after success ...." ginamit nya ang kanyang pagkakamali para maging masmatatag sa mga sumunod na pagkakataon.... isa nanaman yan sa mga qualities ng mga nagiging successful sa buhay... masmarami ang pag bangon kesa sa pagkakabagsak.

sa pag invest kailangan talaga ma plano mo kung saan mo gusto ilagay pera mo (financial planning)... sa una ikaw na muna gumawa ng plano... pag lumalaki na negosyo mo...kukuha ka na ng financial planner para matulungan ka ma sulat lahat ng plano mo...... dapat pumili ka ng gustong gusto mong investment vehicle para kahit ano mangyari...pagtyatyagaan mo ibangon....dapat alamin mo ang iyong "risk tolerance"...gaano ba kalaki na risk ang kaya mo i-manage o i-control.... ang iba ibang investment vehicles kasi, iba iba ang kasamang risks na madali din naman ma control.. magtatanong ka lang kung sino naka experience na....mukhang kailangan na talaga banggitin ulit kung ano yung asset allocation sa mga susunod na posts...

again.. kulang pa yang mga nasabi ko.. sana may mag dagdag..im not an expert .... i do not have the answers to anybodys' specific problems .. but let us just help each other figure out what would the big businessmen think if they were in our shoes ... dinaanan din nila yan ..nagkamali din sila... pero iiwasan natin ang mga mali.. subok lang natin.

let us talk about asset allocation

Asset allocation

You know what assets are... i hope so....

Assets are grouped into a few major classes. They include the following:
Portfolio/paper assets- mga stocks, bonds, interests
Real estate-lupa
Business-negosyo
Intellectual property- kapag ikaw naka diskubre

Portfolio or paper assets include mutual funds, certificate of deposits and stocks. We may also include as paper assets our savings accounts that also earn a very small interest... sa atin I think mga 1% ang yearly or annual interest ng ordinary savings account ... maliit ano?

As you use the other asset classes in building your wealth, you may discover that some assets work for you while others do not. You may develop some preferences.... mga paborito mo ika nga.... If you do, you may find yourself concentrating on certain assets classes. If we draw a pyramid, this special focus would create a picture where your favorite and major assets occupy the base while the less favored ones occupy a small proportion at the tip of the pyramid.

As I mentioned in teh prior post, the different asset classes possess their own manageable risks. Different people have different risk tolerances. That is why some assets would be more acceptable than others.

If you are the conservative type adopting the “saver strategy”, you may just put all your earnings into a savings account giving you about 1% interest yearly.... kaliit naman nyan sa mga taong nasa tama na mindset .... A person who prefers this may be very busy with other things (like work) other than growing and multiplying his money for the long term. He believes that this is more secure for both short- and long-term than investing his money in the other asset classes.... okey lang yan..walang pilitan ... walang kantyawan...kung saan kayo masaya siguro dun lang kayo... okey?

If you are the aggressive type adopting the “enhanced growth strategy”, you may have invested most of your salary and savings into hedge funds or new daring businesses because exercising due diligence (eto yung patanong tanong nyo...research ng konti) have made you more confident that you will succeed. You know how to manage your risks better.

in the middle of those two extreme cases is teh balanced strategy... if you adopt that... you will notice that the different investment vehicles you choose are a mixture of "conservative vehicles" and "fast growth vehicles".

I have always used the analogy of people who are afraid of learning how to drive against people who are aggressive, learn how to drive, manage the risks and end up more flexible, productive and progressive… and eventually less risky.

If you find out what "asset allocation strategy" you want, you can now begin searching, choosing and riding those vehicles that suites your taste... you can now proceed to your "financial plan"....di yan kumplikado..sisimplehan lang natin...concepts lang yan ... absorb mo lang muna..... nakaka suka na ba ang information? hehehehe hahahaha ...relax!... do something else..balikan mo na lang ulit ang thread kapag okay ka na....

proceed to the next post if you will

eto about financial planning...
medyo madugo ito kasi medyo hahawak ka dito ng papel at lapis o ballpen para magsulat kung kelan mo gusto magplano.....

sa umpisa...simplehan mo lang...lalo na kung tamad ka na tulad ko... you will have to do it.. even if how ridiculous or how simple it is...later if we have the money... we will just hire and pay for the services of a professional financial planner .... ikaw mismo magsasabi sa kanya kung ano gusto mo at kung kelan mo gusto gawin at makuha ang resulta.... sa ngayon...try mo lang na ikaw talaga nag gagawa..

Financial Planning ... isang buntong hinigga muna....

okey.
Planning is best done backwards.

Start with your goal.... example lang ....to have a small food cart business by 2007
Lay down a time frame.... ayun kakabanggit ko lang ..naku nauuna..sobra excited.

Divide the total timeframe into periods ....probably use yearly, monthly, or weekly intervals.

Formulate yearly, monthly and weekly sub-goals where applicable.... "kahit wag na muna para di matrabaho... tamad ko talaga ..... hello financial planner, magkano services nyo? ha paki ulit.... mahal naman .. di bale na muna ako na lang ....."

List the work that needs to be finished under each sub-goal.... halimbawa .... submit the requirements of the landlord of our rental space by end of 2006, sign the deal with the franchise owner before that, find a good rental spot before all that .... find a good food franchise also before all of them .. study the cashflow of that business..study what the people need or might need in a certain area (usually if there is a problem or something is lacking in a particular crowded place, yung problemang yun..gawan mo ng solusyon, bigay mo sa tao ang kailangan nila...at sigurado ....ibibigay nila sayo ang pera nila para makuha ang pinaka aasam asam ng emotions nila... yung pareho ng pakiramdam mo na kapag may gustong gusto ka bilhin sa naapapanahong oras at sitwasyon...parang ganun... naku magsisimula na ma develop ang iyong emotional intelligence nyan pag nakuha mo ibig ko sabihin... dahan dahan ka na magiging negosyante at hindi ka na madali makuha ng karaniwang ads at commercials.... you will be free!)

List the resources you need under each work item. If you lack resources, identify them in advance and find a way to get them. If you fail to achieve sub-goals, identify the cause or obstacle. Then list possible solutions.... halimbawa .... I need paper, pencils to write the letters, I need to prepare the money I placed in a separate bank account... then write on paper that i failed to do all that by november for example kasi nakabili ako ng bagong motorbike ...hehehehe YARI na tayo... i thought we learned about that from a friend who posted here ...nakaka inis talaga..... anyway...reset the date...sulat ulit ....

It is very important to write all these down because anything written may be more binding than something mentioned or wished for..... hindi ba iibahin natin sarili natin sa mga kawawang nilalang na hanggang wish lang? hindi ba...gusto natin may tiga lista tayo na secretarya o financial planner ng mga bagay na plano natin? madali lang yan at di mo kailangan gawin mag isa...kumuha ka ng makaka kulitan....este makaka tulong sa pag iisip...mga partners..remember 2 heads are better than 1... "the more...the manyer" ....hehehehe.. write them down ..magugulat ka na malaman mo na.. madami ka din pala alam at marunong ka din pala mag isip...heheheh

yung "time frame" na ilalagay o isusulat mo, maganda yun ... yung plano mo....ibang-iba sa wish lang..makikita mo na mapapakilos ka...para sa sarili mo rin yan.... makikita mo na rin sarili mo pumasok sa investing....di ka na tulad ng dati na nakikinig lang sa mga nagiinvest..tsaka medyo di ka familiar sa mga bagay na ganun.... mapapansin mo madali lang pala..akala ko dati... kumplikado..... again think of small things...maliit na investments...madami yan ...makikita mo yan pag iba na ang minset mo...naka kalat. hahanap ka ng tama para sayo...di masyado malaki...di masyado maliit na investment....matatantya mo sarili mo kung tama ka mag isip... makikita mo sarili mo kung may ugali ka na malakas ang loob kumpara sa makakaya mo talaga...pag nagkamali ka sa maliit na investment at ma correct mo sarili mong pag kakamali...malalaman mo na mabuti at nalaman mo kaagad kung anong maling diskarte mo....

dyan pumasok ang boardgame para sakin...baka hindi yun para sa lahat ng tao..kasi parang inihaharap sayo ang opportunity sa boardgame ... babasahin....tapos mag dedesisyon ka kung mag iinvest ka sa opportunity na yun gamit mo ang play money mo.... tapos pag minalas at pag nagkamali ka...makikita ang epekto sayo na parang nawalan ka talaga ng pera...ibabangon mo ulit sarili mo at makikita na lumalago ang pera kung tama na ang mga diskarte mo ....dahil mabilis ang ikot ng mundo sa boardgame...parang fast foreward ang mga taon dumadaan at na cocorrect mo ang mga mali mong ugali sa pag iinvest...napagkagaling na boardgame... may kantyawan pa..masaya talaga...hahaha

dapat minsan malaro nyo rin yun...kahit di kayo bumili ng sariling gameboard.

As i promised in the prior threads... this is the human life stages

Experience has always been one of the best teachers. This is not because of the mistakes from the experience but because of what went on inside the person who tried to correct it. That INTERNAL PROCESS leads to the answer to most of our problems. The more people commit mistakes and try to solve them, the more they become better and more successful. People undergo a change and that CHANGE is the answer to most of our problems.

The concept presented below lightly touches on human personal, financial and emotional development. It enumerates some of the thoughts, habits and skills commonly encountered on the journey to genuine SECURITY and FREEDOM that we all long for.

The different life stages that try to describe many of the internal changes are listed below. It is not related to age, profession or religious background. At this point, I would like to emphasize that these are stages that we all have to go through...one way or the other. Nobody can skip stages but one can accelerate his transit from one stage to another. If you find that you are where you want to be, CONGRATULATIONS! But if you believe you are lost or going in circles inside the financial jungle, it would help if you know where you are today so you would have a better chance of finding your way out. Can you tell where you are?





Crawl Stage

Personal Background
Student
Unemployed
Employee
Self-employed
These are your most dominant emotions. Your greatest fear is not having enough salary. You cling to job security. You are willing and open to work harder for longer hours in return for more salary. Feelings of desperation, insecurity, and doubts haunt you … especially if you have no job.
These are your primary goals. You want a better fee/salary/compensation as soon as possible. You wish you had a better job. You may want to further improve your professional skills as this would equate to a better job. You value a good scholastic/professional education. If you may have any serious dream at all, you dream of more money because you believe it will answer most of your problems.
You have a loose financial plan. You do not keep track of your spending habits. Adding, reading and analyzing numbers may not interest you much. You have no time counting your daily/weekly/monthly expenses. You think it is a waste of time.
You do not have any solid assets. You have no emergency fund. You do not keep a separate account for future investments. You never personally bought yourself a house or car which you believe can be your greatest assets. You have no permanent address. You may be living with your family or friends. You do not have insurance and you may think it is unnecessary.
These are your present skills. You may have good to excellent vocational/professional skills. Your financial skills are very poor. You may not have any leadership skills.
Your cash flow pattern follows those of the poor. Relatively, you spend (a lot) more than you earn. You may be deep in “bad debt”. Your lifestyle is bare and basic. No solid assets. No substantial savings.
You get support and advice from this team: The only advisers you have are your immediate family and friends (if you have any).

maraming Pinoy nandito sa stage na ito ... I want to help them have a better outlook in life... I want to tell them all they have a fighting chance., if they are willing to move on to the next level. If they are willling to develop the proper mindeset, skill set, risk managing skills, makukuha lahat yan ng libre...yan ang mas importante kesa pera kaagad ...dadating din ang pera.


Walk Stage (Complacent)

Personal Background
Working student
Employee
Self-employed
Small business owner/ SME
These are your most dominant emotions. You feel that you will be okay as long as you keep your current job. Your job makes you feel “secure”. You do not know what to do without your job. You are not comfortable with loans/debts. You fear losing money if you invest.
These are your goals. Although salary is enough to meet your basic needs plus maybe occasional luxuries, you are open to a better compensation. This is not a priority concern so you do not act to improve your condition. All you may know to keep your money is to cut up on costs. You think you are surviving but you may slip back to the former stage in case of any major life event. Dreams are personal and simple.
Financial planning is still poor. You still do not keep track of all your expenses. Adding, reading and analyzing numbers does not interest you. You begin learning how to budget but not necessarily successful every time. You do not have short-term and long-term plans that are specific, detailed, realistic, measurable, attainable and timed.
You adopt a conservative or “saver” asset allocation strategy. You are not aggressive. Your best strategy to keep money is cost cutting. Your emergency fund is small (maybe <P100,000 to P500,000). You still do not keep a separate account for future investments. You may not have insurance because it may not be a priority concern.
These are your skills. You have good to excellent vocational/professional skills. Your financial skills are still poor. You do not know how to sell and you may even hate selling. You think selling is a skill of sales representatives that go door to door.
Your cash flow pattern follows those of the poor or the middle class. Earned income may support an above average living lifestyle. If you are single, some shopping habits develop. You may own a few expensive things you bought for yourself and that you consider as assets. You may have a credit card. You may have bank or personal loans. If you marry, suddenly … you have a combined income. But shopping is controlled with occasional sprees. Private education for your child (if any) will be one of your top concerns. You may have a house or a car which you believe are real assets.
These are the advisers you have. You may not have an accountant or a lawyer. You think they are totally unnecessary. Your immediate family and friends are still your advisers.




Run Stage (Motivated)

Personal Background
Big business owner wannabie
Big investor wannabie
Rich thinkers
These are your emotions. Much of your fears of investing and borrowing money may be gone because you are learning how to manage risks. You think jobs are risky in the long term and you seek smarter options. Your job earns you a nice monthly salary (probably 20-750 thousand pesos) but you just can’t wait to grow your assets so you can quit your job entirely. Passion for learning and helping are strong.
These are your goals. You are not content with a salary that more than meets your basic needs. You may plan to quit your job soon so you can start spending more time with your family and other more important things other than work (job). Your dream is bigger. You found a higher purpose in life. You live below your means even if you can afford some luxuries. You plan to delay gratification for a few years (maybe 3-5 years). You want to build wealth for the long-term at the same time develop persistence, faith, determination, perseverance and a burning desire that would not fade. You know that sudden riches without the proper mindset and skill-set or emotional maturity would be short lived.
You have a written financial plan. You are following serious but attainable short- and long-term financial plans with considerable detail and with real deadlines. You plan for early retirement.
You know that asset allocation is a tool for building wealth. You either adapt a balanced asset allocation strategy or an aggressive “enhanced growth” strategy. Emergency fund is respectable (15-20% of income). You know that personal insurance will protect you as the primary income generator. Aside from paying taxes, you try to “pay yourself” and specifically reserve that for future investments.
You have the proper skill-set. You know you have to develop life skills and business skills for wealth building. You want to develop leadership and selling skills. You recognize that you need to increase selling power so you can have buying power. You have to sell first before you can buy anything. Selling is a much bigger word that means being able to convince people that your ideas are much bigger than theirs without involving products/commodities (read on Selling). You are trying to develop entrepreneurial skills. Your financial vocabulary is growing fast.
Your cash flow pattern begins to follow that of the rich. You can identify real assets from liabilities. Your lifestyle is not excessive because you control your liabilities. Your salary/earned income answers your basic living expenses for now. You plan to let a growing passive income shoulder all your expenses. Passive income is still below expenses and can not afford a rich lifestyle. You are learning to read financial statements. You believe that the velocity of passive income is more important than positive cash flow. You are on the hunt for better opportunities. You have no “bad debts”. You use the leverage of “good debts” that may fuel your first wealth building assets.
You are trying to build a solid team whose members may be far specialized than you. You have an accountant. You may or may not have a lawyer in your team. You hire professionals who can drive your investment vehicle the way you want it. You look up to your mentor who has solid experience. Your friends and some family members seeks advice from you.



Fly Stage (Job Free)

Personal Background
Big business owner
Big investor
Rich thinkers
These are your more prominent emotions. You feel more confident about investing and wish to share the abundance and blessings that you have with others. Compassion, charity, a genuine concern for human welfare …..
Your small successes in achieving goal after goal after goal leads you ever closer to your dream and higher purpose in life. You can almost touch your dreams which are much larger than you. You are spending comfortably now that you are financially independent. You are not living below your means. You can quit your job anytime you wish now.
Your financial plan is serious and you may have even hired a professional financial planner. Your financial plans are very detailed. You take advantage of good insurance policies. You and your assets are fully covered by insurance. That is because you know how to control and manage risks.
Your asset allocation is far from being conservative. Health is one of your top concerns. You keep the habit of “paying yourself first” reserving the money/ideas for future bigger investments.
Your cash flow pattern is that of the rich. You have developed necessary skills mentioned in the running stage. You have solid wealth building assets rewarding you with a genuinely rich lifestyle. You never spent your salary/fee/commission for this rich lifestyle so it is very easy to retire and let go of those salary/fees/commissions that you get from your job.
You have developed life skills and business skills. You can easily inspire people to follow their own dreams. You talk to their spirits rather than their emotions. You can easily convince other people that your ideas are always bigger and better. You know how to manage your team’s talents. You continue practicing/ sharpening your business and life skills which include selling, buying/investing, leadership, communication, money management, financing, accountability, planning, quantification, innovation, orchestration, etc.
You have put together the best team. You hire the best professionals who can protect your assets. Your family and even your most doubting friends seek your advice.



Float Stage (Philanthropy)

Personal Background
Big business owner
Big investor
Big/Rich thinkers
These are your emotions. You still feel that burning desire to help the world. And you believe your actions can make a big difference. You form direct or indirect linkages with charitable institutions that assist the needy. You partner with budding entrepreneurs who have big ideas that would help ease if not answer any one of the lingering global problems.
You are setting up new goals since you already achieved your old goals. You are living your dreams. You want to share what you have learned in life. You have more than enough wealth. Money is relatively a small idea and will never be anything compared to YOU as a person.
Financial planning is still as detailed. Financial plan is near complete, if not yet totally accomplished. You may not need personal insurance now but you still insure your businesses. You keep the habit of “paying yourself first” reserving the money/resources/ideas for future socially relevant projects.
Your asset allocation is maintained. Your performing assets almost entirely occupy your pyramid asset allocation chart.
Cash flow pattern is a cycle between income buying more assets that produces more income. Your solid assets keep producing more assets. You can convert liabilities into performing assets. Money and rich ideas follow you around. Excess income/rich ideas are reflected by a genuine rich lifestyle. Your rich lifestyle (which is a liability) may be dwarfed by your huge wealth building business systems. You know that the real asset is really your character-habits, thought, emotions, etc. Income/resource generation is automatic. Everything seems to be in autopilot.
You try to improve on your seemingly flawless life and financial skills. You keep the same mindset and the same old skills with a little more experience. You still keep coming up with ideas. Ideas that would help other people find their way.
You have a loyal team of professionals who respect you. Your team of advisers streamline your projects. Banks and governments recognize your ability to multiply and grow even meager resources for everybody’s benefit. So you enjoy much deserved perks from them. The most cynical friends of your friends now seek your advice.

Stop reading and reflect for a moment.

Do you see yourself closely fitting any one of the life stages?
By now you probably know where you are.
You may be content where you are, CONGRATS!
Some may be gearing up and preparing for their own journeys. I wish all of you the best. You know that luck has nothing to do with it. It has everything to do with YOU.

This concept can do more than just point you to where you stand at present.
It can also serve to guide you to evaluate any person you are dealing with. Be reminded that the stages were placed on blocks placed one on top of the other to reflect stages that people go through. The size of the blocks roughly represents the relative number of people operating on each stage. You may notice that majority occupies the crawling and walking stages. That is why they have bigger blocks in the illustration not provided here.

Do not be surprised to meet people who think and act as if they are on the higher stages but are still actually in the same stage as you are or maybe even lower. You can now gauge each one of them by checking if they fit the stage they try to project externally. This will eventually help you put their unsolicited and probably wrong advice in the right context. You can still learn from these "wrong people" if you know how to screen their ideas. Know where they are good at and be sure to ask them the right questions you need. Once you got your answers from them, just put all their unsolicited average advice into context.

As a simple example, take the case of this grey haired lady. She is the wife of a very successful businessman and philanthropist. She is very discriminating in terms of her taste in clothing, jewelries, food, and friends. She does not help her husband in the business but tags along occasionally in a few of his many charitable endeavors. She spends more than she makes income-generating assets unlike her husband. What stage is she in? Answer is probably in the walking stage. Is she wealthy? Answer is her husband is definitely wealthy. Her cash flow pattern, however, probably follows that of the middle class rather than match the cash flow pattern of her husband that follows those of the wealthy upper class. This implies that being the wife or the children of the wealthy does not necessarily make a person genuinely wealthy and capable of growing money. That is why some big businesses can collapse slowly and bleed when the big man leaves his business to the other financially disabled family members.

Take the case of a young medium scale entrepreneur. He has a few businesses that are growing fast. One business is in agriculture and the other in health and wellness. He came across his friends who were talking about going into the share market. He hijacks the conversation. One friend directed a specific question. He answered it vaguely but then starts narrating how he used to invest in stocks, gained 6-digit dividends then lost everything because he overlooked some details. He has no professional advisers. Then he creates the atmosphere that he does not like going back into stocks because he is doing well with his other business which his wife actually runs even without his help. And he seems to be falling in love with that business instead. Their passive income still does not cover all their living expenses. So what stage is he operating in? Answer is his wife may be operating on the running stage. He may be in the walking stage. He was so careless in giving a false impression that the two young investor friends should listen to him about stocks. Obviously, he lack research and due diligence in studying how to invest in stocks and that is why he lost money. Yet he was creating an impression that he knows things because he has that experience.... "experience na ba yun?"

Be reminded that losers talk about their bad experience. They are the wrong advisers who plant fear onto their listeners. They seldom admit their mistakes. Successful people also talk about their bad experiences but they closely reinforce and emphasize the remedies they used to eventually overcome obstacles and become winners. The right adviser is a winner capable of inspiring the listeners to be ready correcting mistakes in the process of winning. They easily discuss their mistakes because of the ingenious solutions they want to share.

After reading, some may feel inspired to take the next step forward. Others are somewhat sad. .. sad because something internally tells them they could not do anything. It is so easy to come up with excuses. It is so easy to fail and become a statistic. It is tough to make the commitment to make a difference in the world. You will be faced by great challenges if you decide to overcome.

But the rewards will be realized at the end.

oo nga pala..nabalitaan nyo na ba na si
Mr Gates, mag fufull-time na sa foundation niya para tumulong sa may
mga serious illnesses ... again I brought that up for you to get a
glimpse of what was really on his mind even when he first
started... (na inis nga ako dyan sa kanila at sa mga automatic email
response team nya nung nag email ako tapos sinagot ako na di sya
intrested tumulong sa project sa labas ng USA.. noon yun. di na
ngayon...di ako huminggi o nabigyan ng pera nyan..nagtanong lang ako
ng konti tungkol sa mga projects nya kung pareho sa plano ko)....... and about Mr. Buffet, nabalitaan nyo na rin siguro na
bibigyan nya ang foundation ni Mr. Gates ng mga 80% ng na ipon nya... if
i'm correct, its about 30 billion US dollars... yan si Mr. Buffet di ko na
email yan.. nawala ko email list kasama sya dun sa list.. lahat
email nakita ko sa internet... maliit na talaga mundo natin...

so that is a glimpse of how much money they give (and more importantly ...how much they feel for the needy)...maliit pa yan.....pero madalas kung mag comment tayo...yang mayayaman na yan barat mag sweldo.... if we acquire the same mindset, we would probbly do the same thing they do... get the profits and put it where it is suppose to be...sa mga nangangailangan ng tulong.. at di mapunta sa emplyado na magbibigay ng sobrang konti sa charity tapos .... pambili lang naman nila ng luho halos lahat.... dont get me wrong...may mga negosyante na iba ang ugali .... nothing is absolute and i do not speak in absolute terms... may mahirap na maganda ugali at mayroon may pangit na ugali..ganun din mamayaman ..hehehe

and do not get me wrong again.... if you are very poor and you think that you do not have money to give to charity...yes I agree with you.. but if you are truly charitable, you can find many ways of helping others in kind..not in cash... example...nagugutom ka..pero malusog ka naman na mahirap... why not go to the hospital every 6 months to donate blood...may meryenda pa pagkatapos ng tusok... little things like that.... ako ay galing sa hirap at ugali ko pa rin magtipid pero di na tulad ng dati... i know how hard it is... there was nobody i could ask about all these boring words and tips but if there was... malaking bagay sana para saakin yun noon...mas malaki na sana ako ngayon...but that's the way it is...

so paano makaka bangon ang mahihirap.... i admit i do not have the specific answer but i can draw a rough roadmap with that may be a little low on details for your taste... pakidagdagan na lang kung nakukulangan kayo...kase di ko naman kaya maisip at masulat lahat..i hope you guys understand.

in the following posts, i will try my best to give this rough roadmap... do not make your imagination run wild...it is nothing but a practical tip...that you may find to be not applicable to your particular situation...again.. it is only YOU who will know how to best solve your problems because it is only you who knows what your problem really is exactly... we can give some small tips.. but it is up to you to modify a tip if you know that it can help you.

A Few Practical Steps to Follow


Everyone wants money. Everyone wants to get rich. But no one wants to know how the rich and wealthy once started out to build their wealth from “nothing”. If you want to build your wealth, follow these tips (sorry i have not arranged them in a good order):

Know the Answer To Your Problems
You already know what the problem is.... it is YOU... and you know the solution to that.... It is You again

Know What You Want In Life
Not everyone has the best reason.
Not everyone has a big dream.
Not everyone has a high goal.
A few people do. The same people are the ones who become very successful.
Dream big! Expect average people to make fun of your big idea. Keep it in your heart til the proper time comes.

Know What You Should Be
It takes a certain kind of character to pull things off.
You need to change.
You need to live with change.
You may not become a Holy Saint or Popular Philanthropist, but do not be surprised if those Successful People will see themselves in you. ... even if you do not have anything you can personally call accomplishments like what they do... If you understand what I am saying here, lulundag ang puso mo kahit mahirap ka pa sa daga... yes you are welcome to the club if you have the same mindset they have.

Know Where You Are
Examine yourself and know where you are today. Are you a financial wreck? Or are you enjoying the freedom of not ever needing another job? If you are financially lost, it would help you a lot if you at least have a rough idea where you are. If you do know, at least you can start from somewhere or someone else can give you reliable directions.

“Birds of a feather flock together.”

People go through several life stages. Some stagnate while others move forward slowly. You may be able to tell if you will be successful if you try to enumerate the top ten friends you talk a lot with. If they are in a more advanced stage, you will most probably move forward in the next few years. If all of them are in the same or lower stage, you may be looking at your future. (Read also on the Human Life Stages)

Surround Yourself with the Right People
You can get the proper mind-set and skill-set from talking and hanging around with the right people and reading the right books. If you allow yourself to be too busy with your profession, you will lose time hanging around with the right people. The people you work with as employees or as a self-employed people are most probably the wrong people... I may be wrong.

The right people are problem-solvers while the wrong people are reflex problem avoiders. Do not be surprised if these problem avoiders would sound like experts giving you advice on how you should avoid this and avoid that. You can easily sense the fear in these people and their inability to go around obstacles. The right people teach and share strategies that work based on a long history of trial and errors. The wrong people simply advice you to avoid problems/obstacles PERIOD!..... The right people see opportunities when they tackle problems while the wrong people see problems as heavy burdens.

Wrong people dwell on fear and bad experiences. They rarely describe their persistent attempts to solve obstacles. They rarely suggest proven ways to manage risks and go around problems. They give up easily before they ever really achieve any success in life so all they can advice is an easy escape from their fears. The wrong people are the complacent people.

The right people possess characteristics that are rarely seen.
Some of these are:
A genuine burning and unquenchable desire to get a very big dream
Undying persistence to solve problems and help other people
Strong faith that they will get what they want
Solid determination
Love for the needy
Care for the environment
Among others …

Start by identifying your friends and relatives that are inclined to business. They may not be very experienced and successful just yet but you can still learn from them. Spend time with them.

You will know if they are the right people if they value the experiences of successful people more than their own limited experiences.

Joint the right team or form your own team. ....teamwork is fun and effective.

Decide If You Want Money Or Wealth.
Money usually comes from salary/fees/commissions acquired in a relatively short period of time. It will surely stop as soon as you stop working because of health or age.
Wealth comes from passive income and/or rich ideas multiplied gradually throughout a persons life strongly and closely associated with a person’s emotional, psychological physical, spiritual and financial growth. It will continue to grow even if you leave it to run on its own for years. (Know the Different Types of Income)

Decide what you want to have. It is your choice.
If you decide to have money, you know what you should do. Work for money.
If you choose to build wealth for the long term, you have to learn new things, new ideas and correct wrong habits.
What is money or wealth anyway but just small tools for the Great Thinkers and Doers throughout the centuries. Because of the big internal change these people underwent, they can produce tools, money, ideas and wealth whenever and wherever they want to.

Set Short- And Long-Term Goals; Create A Financial Plan.
Now that you have an idea where you are. You can decide what you want to do and where you want to go from there.
Set a destination. Set a timeframe of at least 3 to 5 years to have enough time to prepare yourself for changes.
Write and keep your long term goal.
Make short term goals that may span a year. Identify and choose the best investment vehicle(s) to get you from point A (present condition) to point B (goal). If you fall short of your goal, try to analyze why it happened and how you can remedy the limitations. (read on Financial Planning)
Re-evaluate your vehicle’s performance. If some vehicles are better than others, try to re-allocate your resources in favor of better vehicles. Asset allocation is a tool that should go well with your risk tolerance as different vehicles are associated with varying degrees of manageable risks.
Learn that investing is not just buying but investing is all the necessary preparations and research before ever using the vehicle. Identify all the risks and try to manage them. Risks are part of life. Calculate, confront and reduce risks by practicing to become a less risky person. Change your mindset to a less risky one. The mindset of employees and self employed professionals are very risky as they approach retirement age.

Learn from Experiences
Experience is the best teacher especially if you try to correct the errors. Experience is nothing if you do not correct the errors.
Experience can cost … sometimes a considerable amount of time, effort and money are involved. When it involves money, it may hurt.
If it was possible to get experience without costing you money, would you go for it? If it would not cost much money, then it will surely cost you time, effort and maybe emotion. So is it really possible to get decades worth of experiences, make errors, feel emotional, and correct errors without losing money? Is learning possible in these situations? The answer is yes!

Remember when you were a kid playing games. You made mistakes in the game and you try to correct them. In the process you learn and you get better in the game. The same is true in the financial game of life. We can play it like a game to accelerate our learning.

Our few friends and advisers may teach us based on their limited life experiences but financial education games may teach us decades of good life experiences by very successful individuals. Learn from the right advisers and from financial education games created by the rich. If combined with study, planning and action, these will considerably accelerate your learning and it will change your life forever. It is the information age. Information is readily accessible. Learning can be accelerated. The cost of experience can be greatly reduced!

These games can help change your mindset. It can teach you basic concepts and it can teach you basic skills. The more you play, the stronger your foundation, the sharper you become. If you can not buy...find a person who has it and play with him..play with more experienced people. You will change. You will improve. You will find the answers. You will know that YOU are your best asset. Invest in yourself!

Monitor Your Expenses
Re-learn how to count. Re-learn how to read numbers. Know how much you spend and find out where you spend most of your money. If you find out that you are spending on stuff that would prevent your money from working for you (meaning you are making other people happy by improving somebody else’s cash flow) then you better stop. Watch your expenses. If you live like a rich person on your salary, then you are just “trying hard” to be a rich person. Remember that big and successful people never supported rich lifestyles with their small salaries. Their rich lifestyles are rather products of their growing passive income and never from salaries or active income. Spend your salary only on basic needs. Avoid unnecessary expenses for the next 5 years. Do a lifestyle check. (Read on Cash Flow Patterns and on the difference of Assets and Liabilities)

Pay up your debts slowly... get a moratorium on your debts if you can. Learn how to re negotiate your debts. You will be surprised how your lender will try to lighten up the load of a serious debt payor.

Pay Yourself Up!
One of the most popular strategies to grow money used by ordinary people is to cut up on costs and save money in a savings account. Those who overdo it end up getting a lifestyle that represses self-gratification and they live cheaply all their miserable lives. The advice of cutting up credit cards are reserved only for a few extreme cases. And these cases need counseling by professionals. Many give up on this strategy and allow themselves to spend freely. They believe that it is better to be poor but happily spending money rather than poor and unhappily saving money.
While most spend and pay the government first on taxes, they totally ignore themselves by paying up all the other people around them such as banks through their credit cards. (Read on Cash Flow Patterns)
You should start paying yourself too. Place it in a separate account. Reserve that money for future investments. Acquire assets instead of liabilities with that money. This is among the important disciplines of very successful individuals. If you pay yourself up, then you would have a good chance of getting out of a financial trap. Try saving about 10% or "an amount you can afford". The discipline of setting aside money for yourself is more important than the amount itself. As you develop that discipline, you will strive harder to increase the amount you pay yourself. And by doing that, you are another step closer to completing all the habits of “millionaires”. By saying “millionaires”, I am seriously referring only to the habits of the millionaires’ and not their wives or their children who do not necessarily know how to maintain a cashflow like the big business man.

Protection and Insurance
Nobody knows what the future holds. It is always better to guarantee your future. And that is always part of the winning strategies. As the main income generator, you have to protect yourself from any unexpected twists of life. It is better to be prepared now than to be very sorry later on. Find a way to get hold of a personal insurance as soon as possible. It is also equally important to also protect your assets.

Hunt for Small Deals for Capital Gains and Big Deals for Passive Income
However dirty they appear, never pass up on a good small deal. You need these for capital gains. You need to multiply your resources by hopping from vehicle to vehicle until you are able to afford bigger deals that you really like. The small deals make good capital gains but make sure you never fall in love with any of these vehicles for they may not give you enough passive income. Good passive income is found in the bigger deals. Again do not fall in love with any of these vehicles. You should have an exit plan if you had an entry plan. Just use them for a particular purpose and goal. Grow and multiply your assets. Avoid liabilities. Study a certain security if it will remain an asset while you ride on it. Study some of the apparent liabilities because some are really assets in disguise.

Skills You Need To Learn
There are two main types of skills that are necessary for success. They may take time to acquire since one may need to re-learn the wrong things one has already learned in life.

These are the Life Skills and the Business Skills.

Unknowingly, one may already possess most of these skills. Therefore, all that is needed is some sharpening. You may then need to practice. Regular practice involves repetition and these will facilitate skill improvement.

There is wisdom to why the Chinese and Filipino-Chinese prefer to teach their kids about business and selling while the rest of us Filipinos push ourselves to get good paying white collared jobs or professions.
Many of us think that selling is an inferior skill compared with those of a supervisor who sits behind his table directing/instructing a lot of subordinates. These thinking has been with us for decades and is still here today. But more people are beginning to realize that the Chinese have grown their businesses to huge proportions that the Filipino parents see their highly educated children working for less educated large business owners.

What is wrong with that picture? Who are living happier lives during times of economic decline? If you do not have skills to handle big money, you will not keep big money. We see that in stories of people winning lotteries and after some time these "lucky" people find themselves where they started… with fast shrinking assets/ resources.

So what do the successful people have that we do not have?

Life skills
-Leadership
-Self confidence
-Problem solving
-Attitude of success
-Dressing up for success
-Goal setting
-Communication

Business skills
-Selling skills
-Cash flow management skills
-Investing skills
-People skills
-Accountability skills
-Organizational skills
-System skills
-Management skills

Simplyfy......
Leadership is most important of the life skills.
Selling is most important among the business skills.
.....try developing those first....

Learning these skills is simpler than you think. Being with people who value these skills will help you learn without you being conscious about it. Be with the right people...find them.. they are every where... you are now equiped with tools and ideas how to go assess a person if he is concerned with your personal growth.

and many more...

they are not arranged in any order.. pick what you like whenever you need it modified to your problem situations.

If you think you are beginning to see things in a different angle because of these messages.. please tell me... i will be happy to help even one person begin to acquire the proper mindset... if that person eventually becomes successful...even more successful than me...regardless if i learned about his succeess or not, then the objective of this thread is acheived. thank you all so much for your patience. I will have to rest now. sakit na ng daliri ko kakatype... ayoko na. hahahaha!

my friend appreciate the way i look at money, before he had two jobs, both call center, ang sabi pa nya, tuwing mag kakape sila imbes na 7-11 eh starbucks or seattles best, at kapag kakain eh palagi restaurant, ang sabi kase nung friend nya pinag hirapan daw nila iyon kaya dapat i enjoy, sabi ko sa kanya why copying things that are less important, ang hirap hirap mag work, hindi lahat nakakapag two jobs dahil mahirap tapos igagastos lang niya, why not do things that are more fullfiling, things na mas mahirap, yung mga things na mas mahalaga like savings, sabi ko hindi lahat ng araw malakas sya, dadating ung time na aabsent sya and pag nag absent sya(wag naman sana), ano mangyayari, wala na agad ang 800p/day... now he learned his lesson na, ok lang gumastos, at maluho, wag naman araw araw, :D,

@rolodge
do u have a cashflow 101 board game? cnu ksama mo nag lalaro? nga pala alam mo na ba kung pano mag invest sa stocks? ano mas ok, mag negosyo or mag stocks na lang?

the first scene.....
"my friend appreciate the way i look at money, before he had two jobs, both call center, ang sabi pa nya, tuwing mag kakape sila imbes na 7-11 eh starbucks or seattles best, at kapag kakain eh palagi restaurant, ang sabi kase nung friend nya pinag hirapan daw nila iyon kaya dapat i enjoy, sabi ko sa kanya why copying things that are less important, ang hirap hirap mag work, hindi lahat nakakapag two jobs dahil mahirap tapos igagastos lang niya, why not do things that are more fullfiling, things na mas mahirap, yung mga things na mas mahalaga like savings, sabi ko hindi lahat ng araw malakas sya, dadating ung time na aabsent sya and pag nag absent sya(wag naman sana), ano mangyayari, wala na agad ang 800p/day... now he learned his lesson na, ok lang gumastos, at maluho, wag naman araw araw"...

REPLY-------be careful in advising people what you think is best for them or not... like me, I thought really well if i would bring forth to public this big and exciting hobby of mine in real life ... and I can see it is your hobby too.... bringing this to the public eye can STIR a lot of things inside a person ... imagine ... a poor person ....(being poor and being rich can not be seen from the outside, it can be seen in his cashflow pattern...the overall direction of his cash...more on this later)....a poor person will realize that what he has been doing are really very different from some people's way of thinking and acting.... he will see how he thinks in a very tight space when he could always think out of the box! He will see that he has been wishing all the days of his life ...and realize that some people put their wishes to real action...complete with a written plan..with real deadlines... he will see that some people count everything and those numbers allow successful people to adopt and adjust their plans and solutions to keep up with the problems around them.... he did not realize before that he was only going in circles....where it was possible to stop all that and think how the millionaires do.. he did not realize before that if you learn how to think correctly like how successful people think, he is already a millionaire by heart! and that everything around him changes....he will see many things in a different angle/perspective and that there are a lot of opportunities for him...and that he needs to prioritize and find the right vehicle for him to get from point A to point B...then change vehicles from point B to point C...then change finally to his favorite vehicle from point C to point D for example....so sa simula, di muna malakihan...maliitan lang muna para makarating sa "kanto kung saan magtransfer ng vehicle para makarating sa "airport"... parang ganun na dapat sila mag-isip , magplano, at kumilos, at magsalita, etc...

pero dapat din aware tayo ngayon may mga tao na contento na sa kanilang kinalalagyan.. at yun ay pwede na siguro sa kanila... so kung mentality nila halimbawa...gusto nila maramdaman kaagad ang hirap ng trabaho nila sa pag kain sa magagandang restaurants at mahal na cafe's... bayaan mo lang silang mag enjoy ... kung ikaw ay may ari ng mga business establishments na yan ...alam na alam mo ang ibig ko sabihin .... kailangan talaga makuha mo loob nila so pasasarapin lalo ang pagkain at pa babanguhin lalao ang kape at pagagandahin ang lugar at malinis at mabilis na serbisyo ... pag binigay mo sa tao ang gusto ng emotions nila, kahit di nila talaga kakayanin sustain ang lifestyle na yun....pag natuto kang magbigay sa tao ng ganun serbisyo...welcome to the club of cashflow, ang pera hahabulin ka na....ibibigay ng tao ang pera nila sayo kapalit ng maganda mong produkto o serbisyo na sa tingin ng emotions nila ay kailangan kailangan nila... tataas ang iyong emotional intelligence..nararamdaman mo ang gusto ng taong may pera... di maintindihan ng masa pero ang pera na maiipon ng mga magagaling na negiosyante ay nilalagay nila sa maraming charitable works na di na nalalaman at nabibigyan ng ordinaryong taong ordinary consumers....di kailangan pag kalat yun....nasaan ang pinaka pasimuno ng negosyo? nandun sa liblib na pook tumutulong ng malalaking halaga para sa projects na humanitarian... remember yung flying stage ... iba ang mundo nila ...kausap nila at ka partner ang mga buhay na Santo na nagtratrabaho para sa mga nagugutom, nagkaksakit, nasasalanta.... iniaabot nila malakihang pera...at hindii pabarya barya lang....nabanggit ko na sila Mr Gates at Mr. Buffet kanina para masilip nyo kung ano talaga ang nasa puso ng mga higante sa likod ng higanteng negosyo... wag ka magulat kung may bad publicity ... kapag umaagat ka kahit mabait ka, sigurado ang bad publicity sayo ....hantayin mo at huwag mo rin patulan....yung savings na nabannggit mo maganda topic yan teka...yung stocks .... maganda vehicle yan sa labas ng Pinas...teka

in the gameboard, it is exciting to draw a card of opportunity after throwing the dice and landing on the opportunity card square... in real llife.. the readers of this thread will see real life opportunity cards....

you mentioned savings.... or savings account in banks.

let us open that opportunity card and talk about it.

number two of the most popular opportunity cards...second only to a "big salary job" is the "savings account" opportunity card in real life.

a lot of people get their salaries from their jobs, proffessions or small business ... and if there is spare money, a great majority would almost automatically deposit that money into ordinary savings accounts..

this vehicle ... (i hope you allow me)... i would like to compare to a push cart running on the highway... now there are a lot of other vehicles on the highway but... this vehicle really moves slow and it takes the slow lane.

your money may earn about..rough estimate..about 1% per year...so yung 100 pesos mo example..mag kakaroon ng 1 peso interest after 1 year.... marami na kontento doon kasi "they believe it is less risky"... yung ibang nagtatanong tanong nadisdiskobre mayroon palang time deposit... mga estimate... 3% per year....wow!... 3 pesos ang interest ng 100 pesos mo.... kaya lang naka tali sa banko ng medyo mahaba ng konti na panahon.... so parang mas mabilis na kariton sa karsada....kaya-kaya ma overtake ang savings account na kariton.... i will repeat.. ang kalimitan nakasakay dito..nakasanayan na nila yun...ugali na.. yun ang nakagisnan nila....kaya di basta basta pwede mabuwag ang paniniwala at ugali na yun...kaya nga ugali eh... ganyan ang maraming pinoy na naglalarao ng cashflow ng tunay na buhay.... oo nga pala.. dapat malaman niyo na ang inflation rate sa Pinas ay mga at least 7.4% per year... sana may taong kabisado ito para explain sa atin ng mas malinaw... kasi pag naliwanagan na ang tao.. malalaman niya na risky pala talaga ang 1% savings account interest niya,... tama ang mga may tamang mindset.... lumiliit ang pera natin sa savings at time deposit...dapat matuto tayo dahan dahan....mag hati ng pera sa mga account na ito at sa ibang mas magagandang vehikulo. ..dahan dahan..pag aralan...huwag padalos-dalos!...magtanong sa may "direct experience" ng vehikulo na gusto mo sakyan..magtanong sa bangko..magtanong sa experto..mag research.. sayang ang panahon...mahal ang halaga ng minuto mo....KILOS!....

otherwise... ang WISH mo ay wish lang tulad ng nasa kanto kanto ... ang oras at minuto ng iba mura lang... it is either marami pera, konti oras... o marami oras, konti pera.... pipili ka... ikaw ang mananagot sa sarili mong buhay.. walang iba... It will be our choice and nobody else's.

yung iba marunong na mag mane-obra ng risks....marunong magtanong at mag aral.... naghahanap ng ibang banko na kahit di ganun kasikatan o ka stable... marami sila tanong at marami pag-aaral bago mag decide na lagay ang pera kasi baka nga bigla magsara... malaki ang interest.... kumuha ng kakilala sa loob... ginawang ninong ...etc...iba ibang diskarte..... nag desisyon...nilagay ang 1/3 na pera nya sa account na kakaiba sa savings at time deposit.... nag plano ng entrada...nagplano ng exit kung kelan mag withdraw...regardless kung maganda ang panahon o talagang delikado...kukunin na nya pera nya sa ganong panahon PERIOD! walang lugar ang isisigaw ng emotions nya...hindi sya emotional sa pera...dahil pera lang yan....... nakukuha nya mga 5-18% per year.... yung iba buwan lang ang sakay ....yung iba taonan... yung iba combination..may malaking halaga buwan lang.. may maliit na halaga taunan...ganyan sila maghandle ng pera...ayun kumikita ng mas malaki ang pera nila kumpara sa ordinaryong Pinoy...nakakasanayan na nila...so sa 10 nilang account halimbawa...panalo 6.. break even ang 2 accounts..talo 2 accounts... so "suma tutal".... panalo...at panalo palagi kahit may talo palagi ...kasi pinag aaralan at kinakasanayan nila.... ganyan ang mga paper assets... mga trust funds, mutual funds, ..parang ganyan din ang stocks.... so ang topic natin sa mga threads na nauna na ito ay kung paano sila mag isip.... di natin madiscuss ang mga ibang detalye kasi hindi natin alam lahat...sana may ibang mag contribute.

i repeat... wag padala sa emotion...wag padalos dalos...pagaralan..magtanong sa may direct experience bago pakawalan ang pinagkahirapang perang ipon.

personally, part ng pag aaral ko ay patuloy na sumakay sa isang investment vehicle na mga 18% per annum or yearly ang kinikkita ng pera ko....walang sakit ng ulo..automatic... walang accounting work... walang hassle .... may konting risk pero napag-aaralan ko ng tuloy tuloy ....halimbawa may mga balitang di magaganda sa dyaryo na anomaliya pero..tantya ko maliit na bagay at di ako matatakot kasi di naman lahat ng kabuhayan ko nandun...maliit lang nilagay ko ..(part ng pagmanage ko ng risks).... ang risk ay hinahawakan sa leeg..at hindi ako kaya takutin na tulad ng natatakot na karamihan... effecto nito... mabilis lumago ang maliit na pera ko na pinasakay doon..... hanggang doon lang muna ang aking risk tolerance...pero nararamdaman ko na ang "pulso" kaya... madali na pagplanuhan ang mga sumusunod na panahon na mapaliliit ko pa ang aking risks... magtatanong tanong at mag reresearch pa ako ng konti kasi di ko kaya malaman lahat mag isa.... i am willing to adjust my risk tolerance.. ayoko ng pa urong...gusto ko puro pasulong ng pasulong ... alam ko na ang hirap ng pa urong o walang ginagawa... mas madali ang hirap ng ganito kesa sa hirap ng wala... nakakasanayan kasi lahat at dumadali sa pag daan ng panahon.

____________________________________

tungkol sa stocks... nasa pag aaral pa ako bago sumakay ang maliit na portion ng na itabi ko dyan... ... nakakapag tabi ako pakonti konti..maliit lang ..(part of "paying myself first")

mayroon akong gameboard na cashflow 202...sa stocks yun (part ng research ko at pag aaral)... kaso applicable lang sa ibang bansa yung mga option trading..di mo kailangan bumili ng stocks mismo pero parang nag "renta" ka lang ng stocks ....ang kita kapareho ng kita ng may ari ng stocks na ni-renta mo .... mas mura syempre kasi parang "renta" lang....wala pa dito ...magtatanong tanong pa ako tutal kakilala ko naman yung isang malimit ma interview sa PSE (part ng pag aaral).... sa ngayon di pa napa panahon ang plano ko na pag pasok sa stocks...research phase muna nasa financial plan ko yan... sa ngayon.. nilalakad ko muna requirements ng maliit na food cart business na papasukin ko within several months hopefully if my financial plans push through.....kung hindi, mag re-adjust ako ng mga dates/deadlines.

pero relax muna tayo.... wag muna yan pag usapan natin kasi marami hindi pa nasa tamang mindset... baka maguluhan sila... dapat akay akay muna... alalay lang ..... umpisahan nyo muna na makuha tamang processo sa pag iisip , pag paplano at pag diskarte ....at susunod pag kilos... kakayanin na rin nila yon on their own paminsan minsan reasearch at tanong sa ibang may experience.

sana may iba mag contribute ng kanilang experience kung paano sila mag isip...kung paano maintindihan nag tao ...makuha nila ang tamang mindset....minset ng mga "milyonaryo sa puso at sa bulsa" at "milyonaryo sa puso pa lang"... uy wag ka...ganyan nagsimula ang mga big time na yun..... sana kayanin din natin... actually kahit di kayanin ...noong magkaroon ako ng tamang mindset ...natuwa na ako at malaking pasasalamat sa langit... pakiramdam ko ay parang ibon na nakawala sa pagkakakulong... the word is FREEDOM, FINANCIAL FREEDOM, at target ko ay FINANCIAL INDEPENDENCE... yung point na pwede ka na bumitaw sa trabaho kasi yung kinikita ng pera mo (iba yan sa kinikita ng pawis mo) sinasagot na yung controlado mong maliit na gastusin araw araw.... malapit na yan..kayang kaya yan PINOY!

contribute sana yung iba....

here is a link of a contribution in another similar thread....
http://www.filairsoft.com/modules.php?name=Forums&file=viewtopic&p=28094#28094
http://www.filairsoft.com/modules.php?name=Forums&file=viewtopic&p=28128#28128

its a rough example of how the mind does some planning .... of course you can do the same or you can do better ...if you can be better .. i read schedules deadlines... needed requirements .... teamwork.. alternative /cheaper materials .... original materials where there is a need for duarbility and reliability...improvise and plan for whatever vehicles you want... kahit paragraph form..kahit table form ... kahit ano ...basat write it down so it will be easy enough to organize and move through the steps ...

that is all about planning .... my reply does not center on planning because it was already very well explained by the contributor.... my reply wants to go back to the mindset that can help you come up with your own plans ... mas organized mas maganda ... if you can tabulate your plans...the better .... so shifting back to the mindset that create nice plans .......
below is my reply:

i felt lazy... but then i saw your mesage contribution ....
Ah that is more like it....

if i may have your permission if I could copy and paste your message to the other thread.... same goes with the othe messages.... hmmmmm will wait for your permission on this guys...

the house ... the house...

it is a nice example of how people's minds should work and think when planning on something regardless if it is an asset or a liability in disguise.....

look at all the details that come up before ever really actually doing it!

that is how the rich minds think!

may i share another example... now let us not talk about a house as a necessity.. let us probe into the mind of a sneaky mind but milyonaire at heart ..... i hope you guys get the drift here...

there was this friend .. single but planning on getting married... lots of plans... financiual ones...detailed .... oh gory details .... he is aware that houses are nesecities///liabilities so... he wants a small house first.. then from passive income...later upgrade to a mansionn..hahaha nice plan but plans are plans so let us see if it holds.. and let us see hoew he deals with it.....

got married but wife wants a large house ...heheheh so okey 3 bedroom bungalow.. wow sumunod kay kumander...hehehe do we all? hahahaha

nasira plano.. mahirap di kasya sa budget nya kulang ...... hahahah

a loan ... oh my ... and he knew that a loan for a liability is bad debt ... what s our hero gonna do now? ... being and having the correct mindset that he has .... although not a millionaire in pocket yet .... he THINKS, REASSESS, REPLAN, RECONNAISSANCE, REPLAN, THINKS AGAIN... then finally decides to release the bomb!

OKAY go with the loan! ... we would think ... ha? what s on his mind? what sneakky little ideas does he have there ?

in a sentence without too much detail .... he got a loan from pag ibig.. baought the house ... and he plans in advance how much rent the house could earn when they finally get a bigger house from passive income or go abroad to work and do business later in the future....

so never mind the details.. but...
see he has an entrance strategy ..
then he has an exit strategy ..
he could therefore turn the liability into an asset when the time is right! .. oh by the way.. maliit hulog sa pag ibig.... the average rent in the area is way above the monthly pag ibig contributions so the place can pay for itself and it will even have excess rental income! ... .. we react.. ha...what! is that true? ..
yes! it is possible for people with the right mindset.. you can easily think of very clever plans... part of my personal lplan was to ask.. so he shared .. now im also following his path.... one day.. when the time is ripe.. i will be able to turn this little liability into an asset...

people with the right mindset can turn liabilities into assets... imn my case a small liability turning into a small asset ... maliit lang.. simple lang .... simula lang eh ... so try to develop that mindset first and everthing will fall into its proper place.


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@rolodge
do u have a cashflow 101 board game? cnu ksama mo nag lalaro? nga pala alam mo na ba kung pano mag invest sa stocks? ano mas ok, mag negosyo or mag stocks na lang?

I have the cashflow 101 and 202 boardgames
ang kasama ko naglaro noong una ay sila Ms. Doreen Tan, wife ni Mr. Bellum Tan ... siya yung in charge sa Richdad Asia... check out the site .. im even on the pictures in the first convention in manila... yung magasawa ... mga businessmen yan ... tapos nagpaturo directly kay Mr. Kiyosaki tungkol sa stocks ... ayun lumalaki ng lumalaki pera nila kahit panahon ng crisis.....

yung tanong mo sa kung ano mas maganda kung negosyo o stocks ... you have to understand first and foremost that .... No one call tell you which is better for you... nasa hilig mo yan.... kahit ano kahit madakli o mahirap, basta ginusto mo, you will get it in the end..... If you ask me, I am just starting... if you go back to the different asset classes .... lahat gusto ko pasukan at pag aralan .... nasa tamang mindset ako eh .... later on... kung saan ko mapansin na mas magaling ako, doon ako mag concentrate.... mahirap basta talikuran and isang asset class kung di mo pa nasubukan kasi di mo masasabi dun ka pala mag hit ng success mo... alam mo naman ang kalaban ng tao.. yung takot di ba? so pag nasa tama na ang mindset mo... dyan mo maintindihan na open ka sa lahat .. walang limit o restrictions ... walang tinatapong idea na maganda.... kaya nga may naririnig ka... "diversification" yan yung gumagamit ng maraming asset classes iba iba sabay sabay para pag may pa lugi and iba...ang iba paakyat...wala kang masyado talo overall... yan ang binabanggit ko dun sa topic na asset allocation ... depende yan kung ano risk tolerance mo sa ngayon ....pero mapapansin mo na masmaganda mag concentrate ka sa assets na may magandang skills ka na ma develop para puro halos pa sulong ang kita mo later on... of course , never put all your eggs in one basket ika nga... i know you get the drift now.

a guy posted...
http://www.filairsoft.com/modules.php?name=Forums&file=viewtopic&p=28339#28339

I reacted........

Holleo Mr Gwynn,

I see that you are one of the very rare students of investing like me ... thank you so much for that wonderful comment about our thread topic ....

For the benefit of the readers, "Rich Dad Poor Dad" was the first of a series of books written by an ordinary person who is not a book writer... you will easily notice that when you read his book... but even if he is not a good writer like I am.... you can sense his desire to help as much people as possible knowing that the world has changed around us... and that he was able to learn the secrets of the rich through direct communication with one of the richest guy in Hawaii before the rich man died .. the rich man was Chinese but he never mentioned that fact in any of his books... Mr. Kiyosaki is Japanese ...but an American citizen... he has a nice rags to riches story. He is the one who develop the game cashflow 101 which i enjoy playing with experienced and inexperienced friends ..... the game on board is exciting... imagine may binubunot kayong opportunity cards tapos halos agawan at unahan at pabilisan magpalago ng pera...mainggay! riot! masaya!.... that is when you are playing with a financially educated guys .... then when you play with an ordinary person ...medyo tahimik ... mapapansin mo lalabas ang alam ng ordinary na tao na maghantay lang sa sweldo ...yan lang halos ginagawa nila .... of course they get bored playing especially if you do not teach them..(surprisingly they dont seem to get bored in real life ....ah alam ko na ...madami naman pagkakagastusan para ma-aliw sila at magbreak at magrelax na "parang mayaman".. but when they see how financially educated people are playing, they lean back ... become interested at how you can do things beyond what they usually expect... suddenly they look at you as if you are an alien doing strange things in the game.... they think that there are rules (which is actually just in their heads) that says the financially educated people can not do those things they do..just because they dont do it in real life .... ah and after an hour of playing they get into the mindset and become more addicted to the game than the financially educated players who end up spending a lot of time teaching the tricks to them.... hahahah! i love this game! Just like I love airsoft with all the adrenalin and the fast pace split second decision making and on site assessments... If airsoft is the greatest action game there is .... Cashflow is the greatest thinking game there is ..... I love this cashflow game ... that is the reason why I am playing it in real life ... and oh yes .. it is like a reality game ..... one instance you play on the board .. then you discover a strategy ... then you realize you can do it in real life ... and you soon realize that many financially literate people have also discovered it ..... wow! you feel confident that you know you can solve many problems that you will encounter in your very own financial journey.

that is probably the thing that caught your attention .... i have taken the ideas of cashflow out into the real world to expose our poor Filipino brothers to the ideas that freely roam around following a few open minded people .... people who live in cashflow ...not because of the money ...but because of the their true calling to be of great service to the many needy people.... it just so happened that money become involved in the process only as a tool... the more business inclined and financially literate people give good products and service, the more people will be willing to give them money... again for the benefit of people who are not in the right mindset .. the rich and truly rich people do not eat all the money ... they do things with it that ordinary people are not capable of doing... they give much and much and much of it to charity...and they dont do it once ... they do it in a consistent..regular...predictable manner ... and they can sustain that for so many years, decades.. a long long time .... the money is just a tool.... they ... the rich ... do not need more money ... the needy need the money .... its just that they have too much money so they have no choice but to buy big cars and houses when they get old..... it is different with people with jobs or professions where... they have to buy what the rich have... but end up spending their active income for those things so they are actually liabilities regardless if they pay for it cash or not. ... we are not "trying hards" but we do try considerably to make our lifestyles approach those of the rich ..... what we have today ...our properties ...do not reflect what we are inside ..... I hope young and old professionals won't take it against me but ... the non rich middle class are not and are very different from the rich because their cashflows are predominantly liabilities paid off by active incomes and credit cards .... it doesn't matter if its a mansion or a boat ..... the middle class is not rich because they do things that are completely opposite the rich are doing ..... the rich are rich because..... their cashflows are jam packed with performing assets ..... people dont see where the money goes.. they only see a bad picture of the rich in their heads..... do you have to wonder why that is so? .... fellow readers, you get the drift now ...i know that you do.... of course there are crooks... middle class crooks ....... and crooks appearing like the rich class.... hahahha

Mr Francisco Colayco, is a businessman who went through the ups and downs of business ... and he one day decided to share what he knows with people. His target audience in his book "Pera mo, Palaguin Mo: Wealth Within Your Reach", is primarily for the Overseas Filipino Workers. He has a TV series ..."money talk" beter check it out if it is still airing on saturdays before midnights...

both books are nice ... I would personnaly recommend that you guys read them....

its like this... if you are just starting... read Colaycos books first.. parang PREP or kindergarten ... then read Kiyosakis ... parang Elementary ... then there are more advanced books .... then there is "real life" .... thats the "OJT" actually that is a wrong analogy ... we will make it OBT instead... "on the business training".... (there is a difference between working in your businesess and working on your business which can be discussed later if I remember about it..so remind me guys) .....

Kiyosaki i think mentioned that your greatest asset is yourself.... so if i were you , you should invest in your education ..... and if I were you, you should follow good advise from people who have direct experience with the thing you want/need..... I say you educate yourself...in a way that is investing in yourself .... later ... when you aquire the right mindset .... you will realize that jobs and salaries are not the greatest answer to your problems..... it is good advice from the right people ... it is you and your advice to yourself .... it is what you learn ..... then slowly you will try to build up passive income to SLOWLY REPLACE YOUR ACTIVE INCOMES/JOB(s) ..... I SAID SLOWLY ..... I would personally quit jobs ONLY if my passive income is 5 times my active income or if my passive income is 5 times my expenses ... whichever comes first ....hahahah ......that would be the time I can call myself as FINANCIALLY INDEPENDENT.........more later

my reaction continued......

BIRDS OF THE SAME FEATHER, FLOCK TOGETHER...

there's just a few of us..... so if some of you guys silently reading and re-reding this thread are out there... you better start accepting the fact that you are also like us.... and you will be... you are most welcome to the club .....

this thread is about real life cashflow

this thread attempts to show you the proper mindset of millionaires...

this thread will revolutionize the way you think

this thread will show you how it feels to unplug away from the "matrix world" of poor and middle class ..... to live in the real world of cashflow ... a world that is not all about cash to buy liabilities and doodads like cellphones, flat screen tvs, cars, houses, planes and boats..hahaha yes including what you are dying to buy right now.... but all about enabling the cash to flow into the hearts, mind, body soul of the more needy... WELL, of course you get spare change... and that "spare change" is better than the best things the poor and middle class can buy with their active incomes.... yes including the thing you are dying to buy right now ...hahahaha

CONTINUATION OF MY REPLY/REACTION:

those are very nice guideposts..and very catchy especially when you put the word MONEY....
catchy words attract attention ... business people and top entrepreneurs know that. ...they have high emotional intelligence ...they know what would awaken the senses of ordinary people .... another example...my title in these thread was "cashflow"... yun lang initially .... "i was monitoring" (take note of those words dear readers and take note of D7K's actions on his monitoring of tilapia prices coz those are one of the disciplines of successful businessmen) ... so i was monitoring the number of thread views and am very aware that this topic ... is not popular to the eyes of teh masses ... i know the limitation of a simple word "cashflow" .. walang bisa! ... but then when I launched the second phase of re titling this thread and placing the word "millionaires" ... of course suddenly the views are rolling ... that was all calculated and expected .... there is a language used by entrepreneurs with the masses ...and there is also another language they use among themselves ..... ... when Gwynn used the words money money money ... it will appeal to many .....

now I assume the some readers are really beginners and lack the basic ... \
so in oreder for you to learn what Gwynn really means by saying stop loosing money and saving ..... he means (using words that will hopefully give you deeper understanding of how to really do it other than what you now know) ,,... he means controlling your own cashflow ...... again you might get bored by the word ...but it is important that you understand how money lands on your very hands and how you let it move to stay with you and continue working for you or how you let it move to go into the hands of another person... so watch very carefully how the cash flows ......

poor people get the money from salaries... then since their expenses are too much for the small salary, all the money goes and flies away into the hands of food and clothes sellers, rentals, transportation expenses, and maybe taxes to government.... etc ...basic things... so again watch the cashflow of poor people ...

salary(income) from employer/businessmen/govt=====>No savings... they have to spend for consumer discretionaries(expenses)/taxes if any=====>back to the sellers/businessmen as their priofits and taxes for govt...

middle class people show a slightly diffrent cashflow... since their expenses are relatively big .....but small compared to their salaries/income.... some savings are possible but most of the money still goes to buy extra things to pamper them many times through credit cards..sometimes cash ...and their taxes are bigger.... so again watch the cashflow of the middle class people ....

salary/income from employers or profession====>small savings compared to larger expenses for basic and extra comfortable things for pampering themselves (liabilities, mortgages,credit card debts/ larger taxes=====>back to the sellers/businessmen as their priofits and taxes for govt and banks (remember they have savings...hehehe)..

rich people have a different cashflow pattern.... when they still had salary from employers or income from proffesion, they tend to====> avioid luxuries...they initially stick to basic expenses to avoid bleeding money from their pockets ... so they have small basic living expenses...therefore they accumulate savings that they PAY THEMSELVES WITH to be spent for their financial education in the real world and they spend for genuine money-making ASSETS ====> advice from other people, their financial intelligence and their assets produce money that goes back to THEMSELVES as INCOME....they spend their own income / borrow the middle class peoples' savings from banks (leverage)..re-invest into fast growing assets..return their borrowings to banks and reap more profits/ income that dwarf the loan interests. ====>a small portion goes to basic expenses so small amounts go to other sellers , and the government ... money is therefore staying inside their cashflow environment instead of going into the hands of other people.

those are the patterns... what pattern is your cashflow?

this is what "stop losing money" and "make some money" and make more money" is all about...

i tried to give time to explain these concepts to you dear readers for you to understand where you are , and help you decide where you want to go if you want change... if you wanna stay as is .. it is okey i guess........ i hope my explanation is not to short for you to understand and digest... it is really hard to eplain these very vague concepts without illustrations...but if you understand it.... you are really that interested to follow my drift... it is not the way i teach...but it is in the way you prepared yourself to be taught... you are teaching yourself ..and you can learn even if i dont do the talking and typing..you can do it.... the "teacher" is only ready if the student is ready.

again i am sticking to the subtopic of -

the "mindsetting" level at this early stage of our growing thread.....because that is really important before you guys...dear readers ... are exposed to the

next level ...that is developing the "skills and the disciplines" .... and then the

next level .... that is the different "strategies" that will all be shared by many in this daring thread that attempts to give you a millionaires mindset! ....as time passes by.

again let me remind you, success is
80% mindset
19% skills
1% strategy

relax and absorb all the concepts, invest in yourself, educate yourself, teach yourself, i am not the teacher , you are teaching yourself my dear readers.

in the coming days.. I expect some more people to surface and these people ... including Gwynn , D7K together with me and the future contributors will be co -authors of this bold and daring thread.... bayanihan ito ng mga tunay na Entrepinoys! Let us help each other.. let us help our poor economy ... in the process of helping ... your much deserved rewards are waiting.... either in this life or the next life to follow.

and since D7K mentioned that thing about closing businesses ... we will try to explain why it is a good thing .... more why closing shops/closing businesses are not scary ...why it is less scary than not having a business to close at all during these times ...... later... remind me guys

another guy posted.....

http://www.filairsoft.com/modules.php?name=Forums&file=viewtopic&p=28566#28566

I REACT/REPLIED....

closing businesses

the term has a negative connotation for ordinary folks ... it is one of the things they see or hear about often ... sometimes they hear it from small businessmen who close shop after riding their losses for too long, hence they believe that business is really difficult and very risky compared to what they usually do ... get their salaries and put them in a savings account if there is anything left....

I have already mentioned the different human life stages and I mentioned that FEAR and SECURITY are the most dominant emotions and values of poor people in the CRAWLING STAGE. if your mindset is still like theirs, and you feel you wanna understand how other people in the more advanced stage of human life look at this events ... then listen carefully... i will be describing a simple strategy this early only to help you develop the right mindset .... since we are still sticking to the subtopic of MINDSETTING....

one of this simple strategies are the entrance and exit strategies ... in all businesses and other forms of investments, it is a MUST.. it is part of your financial plan... in the stock market for example ...entrance strategy is to buy the stocks when the price is low.... exit may be when the price drops near your entrance levels or when the price doubles ... you have to set the entrance and exit points yourself.... imagine if you do that , you will always go up most of the time since you have assigned a parameter or condition or situation that limits your loss.... regardless if the price continues to rise and you just made an exit, YOU ARE STILL A WINNER... if you do that consistently without interference from your emotions, you will most likely avoid losing so much which usually happens to the rest of the ordinary investors who follow their emotions.... again recall the emotional people in the malls who tend to buy things they do not really need at that moment .. and lose their money to businessmen in the process...hehehehe

so exiting is a way of limiting your losses to a point where it will START eating up your previous profits... meaning you still have yur PROFITS ALMOST UNTOUCHED .... unlike people without a business who continue to loss money from inflation because their money is sleeping and leaching away inside their savings accounts.

so D7K actually told us about a detailed scenario.... described the problem he was experiencing with changes in the market/economy ... courageously admitted he made a mistake or slight miscalculation of the tilapia market .. then goes on to describe how he solved his small problem as he knew he would loose money... so he made the decision to cut the loss and make a 25% cash inflow.... so is that good compared to say a lawyer who made a 500,000 pesos winning case .... placed the money in a bank in a savings account and earn 1% in a year while the infaltion rate was 7.4% that same year.... hehehe ... obviously D7K rode above the slow economy... the lawyer is continously loosing, leaching, bleeding money in the slow account and slowly drowning in the economic jungle.

in airsoft, it is somehow similar.... you plan your assult and you have to have an exit plan in case the mission is done or something goes wrong outside of your control..... without an exit plan, you may get hit! hahaha

the economy is dynamic and if you don't do anything.... you will surely loose to inflation .... it is almost guarranteed.

i hope that little example has again helped some of you understand how entrepreneurs think.

well, i realized that savings doesn't help at all, 1% up but 7%down, huh, anyway, start investing, buy assets,may it be a lot or anything that puts money in your pocket, kahit sa pinaka simplengbagay ...

well, i realized that savings doesn't help at all, 1% up but 7%down, huh, anyway, start investing, buy assets,may it be a lot or anything that puts money in your pocket, kahit sa pinaka simplengbagay ...


part of our mindsetting is trying to go back to the basic and familiarize ourselves with basic word meanings ..... so we want to know exactly what is interest rate, what is inflation rate ... simple everyday words that we think we know about but we really fail to understand that it affects us directly ...

analogy is when we thought we knew that the handle bars of bikes can enable us to stir from either direction and get us to where we want to go... wow...so we stir and stir and stir .... because we know how to stir .... but we really did not pay attention to the fact that we have been stirring towards a wall.....

this is the wall .... "Consumer prices went up by 7.6 percent year-on-year in March" .. that is taken from Manila Standard, April 6, 2006 edition article title is "Inflation rate steady at 7.6% " by Roderick T. dela Cruz ... that VALUE is averaged ... because if we look more closely and more specifically on things we use ..... read on...

"By commodity, inflation rate for food, beverage and tobacco remained at 6.4 percent in March. Inflation for food alone, which contributes 50 percent to the Consumer Price Index, was 6.5 percent.

Inflation for clothing was 3.2 percent in March; fuel, light and water, 18.5 percent; housing and repair, 4.5 percent; services, 11.2 percent; and miscellaneous items, 3.4 percent."

......also taken from the same article which i just searched a minute before i copied and pasted here ... It is the information age and we can easily get what we need to know.

TAKE a CLOSER LOOK at fuel, light and water that we all use ......

all that..... is the WALL ..... Pinoys ... all of you are my friends .... so I have to tell and explain to my friends the real picture .....

If you were not my friend, I will let you live the life you know .... and let you hit the WALL many times over.

Take a deep breath, relax .... do not make any decisiions when you are emotional ... because that will push you to failure in today's information age.


Your first STEP is to go back to basics ... equip yourself with the right tools before starting your own journey... ask around get good advisers with direct experience ... do not listen to second hand information or people who present themselves as rich or "rich at heart" when in fact , they are just poor and middle class thinkers, try to evaluate where they are roughly in the "human life stages" i mentioned ... recheck and try to confirm all data and information you get including all these posted messages... reflect on the reason why you want to change your life .... the successful ones do not change their lives because of inflation, interests, or MONEY .... successful ones become successful because of a HIGHER PURPOSE IN LIFE... I already gave you a peek of what Mr. Gates and Mr. Buffet plans to do in the coming months to years...... If you also focus on the more important things in life like them, you will overcome what they continue to overcoome... and they do it with ease ...because that is what they really love doing .... if you do it for the wrong reason, then you will always have to do wrong things, to sustain your wrong intentions. ... I am saying all these to make the path straight for you.

if you are beginnning to see many things in a different way .... and if you think you are beginning to feel the right mindset we are talking about in this thread... kindly post a message and say hello, helping even 1 or 2 people will really make a difference...and if that happens.... the objective for starting this thread is already acheived.

Guys, would you know where I can join a club that plays this game?

Guys, would you know where I can join a club that plays this game?

we give you more than just playing the game on the board, we will continue to give examples in real life in this thread sas people share their ideas... we try our best to present to you ... in the simplest way possible ...how successful people think ...regardless if these successful people are in the running stage or floating stage of the human life stage..... the mere fact that you are asking is that you do not want to be in the crawl or walk stage anymore... you feel that you have a greater passion, a greater mission, a higher purpose in life.. whatever it is ... you will find it and it will find you ...

I am just assuming that you are not in the floating stage yet .... but if you already are ...flying or floating... you will be surprised how your possible co-players can learn from the way you play the game... you will just love it if you are the type of person who want to help other people.

however, there is an advantage of playing the game on the board before actually trying things in real life as the usual practice was, even before the gameboard was developed by Mr. Kiyosaki. ...

plain and simple ...playing the game on the board will prevent you from losing much needed capital while trying to learn...

you see.... successful people "fail their way to success" and as I've said, they learn from their mistakes in the past.... those mistakes can cost a lot because you are investing things....so you can loose things in the process... in the game... you play with play money ... you internalize and make the game real in your mind in such a way that you feel bad when you lose money in the game because of a certain bad money habit you will realize in you.... and oh yes ...we all had bad money habits..... good thing the game can tell you what they are (if you are serious in trying to strenghten your weaknesses and if you are really trying to improve yourself) ... so the game can reflect what you do not see in you.... the gameboard can be your coach.... helping you teach yourself what you should and shouldn't do in investing.... and it does that in a very basic, not detailed and not specific kind of way... it teaches you basic principles... rather than specific answers and strategies.... the specific answers and strategies should have to come from you or the other players depending on your particular problems... the game is so fun that sometimes it is very addicting... of course you have to apply the principles in real life as some just play the game and never have the guts to put what they learn into practice .... like this thread is being read by a couple of "viewers" maybe irregularly but i doubt if 100% of them truly applies the principles that can be discovered burried from the very first posted messages above until the last.....

why don't you organize about 6 people (maximum number of players per board) who want to learn and I will TRY to take time out and teach you the basic principles I have learned as I recall them and as the need arises FREE (as there are groups who ask for a fee)... if there are more than 6 interested...you guys can team up into two each... parang "buddy system" and alternate roles on who will write on the financial statements and who will throw the dice and read the opportunity cards... the game will be so exciting you would want to play it whole day but I will give you guys a crash course of 3 hours only as I also have other things to do, then you can discuss among yourselves your strengths and weaknesses as we all part to call it a day of "cashflow on the board" and the beginning of a your cashflow game in real life........ good luck!

.....its always hard to take the first step, but after you take it, everything becomes easier than it was before .....

marami ako natutunan d2 a, go on lng sir, post ka lng ng post.

regards!

marami ako natutunan d2 a, go on lng sir, post ka lng ng post.

regards!


thanks so much...please invite your friends who you think that can learn from all these posted messages in this thread and let them learn, share and refer more friends ... we can be stronger in bigger numbers.

i like the way how you share these things

thanks but many of the ideas posted here ..... I only learned from reading and applying the principles I read from the books of Robert Kiyosaki, Francisco Colayco and Michael Gerber... these guys deserve more ... you better try to grab a hold of their books if you have a chance. I have nothing original here except for the "human life stages". ... that concept ....I originally created to help me to understand where I am and where I can start.

a shameless plug....... :D


Rich Dad, Poor Dad Ebook 10 pesos only

http://www.motorcyclephilippines.com/forums/showthread.php?p=611145#post611145

sorry for the long silence..nagkasakit kasi... uso trankaso .. o nawala yung ibang post ko tapos natira itong post ng nagbebenta ng copyrighted work ni Kiyosaki... a distinguished gentlemen according to his green button...hehehe... hahahaha ......... kakahiya talaga pinoy. hoy moderators magtrabaho naman kayo.....anyway... if you were smooth talked to that little plug, its ok ... i posted that those files are freely downlaodable in limewire,,,marami dyan but i do not recommend getting those copies in PDF format coz they are filled with typographical errors.. it will ruin your concentration while reading...better borrow or buy the real book.


i hope another guy with real integrity posts here for us to learn from his experience...

sorry for the long silence..nagkasakit kasi... uso trankaso .. o nawala yung ibang post ko tapos natira itong post ng nagbebenta ng copyrighted work ni Kiyosaki... a distinguished gentlemen according to his green button...hehehe... hahahaha ......... kakahiya talaga pinoy. hoy moderators magtrabaho naman kayo.....anyway... if you were smooth talked to that little plug, its ok ... i posted that those files are freely downlaodable in limewire,,,marami dyan but i do not recommend getting those copies in PDF format coz they are filled with typographical errors.. it will ruin your concentration while reading...better borrow or buy the real book.


i hope another guy with real integrity posts here for us to learn from his experience...


yada, yada, yada.... a few more posts from this guy and IT will show its true color....:rolleyes:

para maka bwelo.... para sa bayan .. para sa mga nag hihirap ... para sa naghihikahos ...
please reread my thread on the human life stages .... particularly the crawl stage.....
lahat tayo dumaan dyan or marami pa sa atin and naririyan pa rin sa stage na yan ...meron din naman ... mabilis lang sila dumaan dyan ......

tanong ng iba..."paano naman yung anak ng mayaman eh di di na sila dumaan dyan sa hirap" .....

ANSWER.... lahat ng tao dadaan dyan sa life stages na yan na na-conceptualize ko at imbes na gawing libro ay pinamimigay ko ng libre at pinapaliwanag sa inyo para makatulong ako..... kahit paano.. kayo na humusga ....

kahit anak ng mayaman dumadaan dyan.... "copy paste" ko yung description ng crawl stage...


Crawl Stage

Personal Background
Student
Unemployed
Employee
Self-employed
These are your most dominant emotions. Your greatest fear is not having enough salary. You cling to job security. You are willing and open to work harder for longer hours in return for more salary. Feelings of desperation, insecurity, and doubts haunt you … especially if you have no job.
These are your primary goals. You want a better fee/salary/compensation as soon as possible. You wish you had a better job. You may want to further improve your professional skills as this would equate to a better job. You value a good scholastic/professional education. If you may have any serious dream at all, you dream of more money because you believe it will answer most of your problems.
You have a loose financial plan. You do not keep track of your spending habits. Adding, reading and analyzing numbers may not interest you much. You have no time counting your daily/weekly/monthly expenses. You think it is a waste of time.
You do not have any solid assets. You have no emergency fund. You do not keep a separate account for future investments. You never personally bought yourself a house or car which you believe can be your greatest assets. You have no permanent address. You may be living with your family or friends. You do not have insurance and you may think it is unnecessary.
These are your present skills. You may have good to excellent vocational/professional skills. Your financial skills are very poor. You may not have any leadership skills.
Your cash flow pattern follows those of the poor. Relatively, you spend (a lot) more than you earn. You may be deep in “bad debt”. Your lifestyle is bare and basic. No solid assets. No substantial savings.
You get support and advice from this team: The only advisers you have are your immediate family and friends (if you have any).

maraming Pinoy nandito sa stage na ito ... I want to help them have a better outlook in life... I want to tell them all they have a fighting chance., if they are willing to move on to the next level. If they are willling to develop the proper mindeset, skill set, risk managing skills, makukuha lahat yan ng libre...yan ang mas importante kesa pera kaagad ...dadating din ang pera.


note again ...kahit anak ng mayaman dumadaan dyan ..
di ba pag wala silang negosyo di naman nila alam kaagad ang gagawin nila para ma ibangon ang negosyo?

children of millionaires are also like you and me.... no mindset, no skills, no plans, no performng assets..... that is why....yung ibang anak ng mayaman na hindi naging intresado sa negosyo o kahit anong investing ay sinusustentuhan na lang habang buhay ng mga gumugulong na assets ng "padre de pamilya"... wala syang sustento, wala syang skills para magpalago ng pera...so kailangan silang akay akay tulad natin lahat.... tulad din yan sa asawa ng padre de pamilya o mga pinsan..pero kung sila ay magtatyagang mag aral o magpaturo sa marunong magturo,, magiging kasing galing din sila sa pag manage ng pera at risks...... sana wag magalit yung ibang anak at asawa ng mayaman sakin .... alam ko na marami ding mga magagaling nat marurunong na anak at asawa.... makikita naman dyan sa iba ibang stages kung nasaan sila...alam nila yun... so being a wife or kid of a millionaire will not make you rich at heart...marami lang silang pera..pero di ibig sabihin kaya nila palagi magpalago ng pera...i hope you understand my point....kaya nga yung ibang intsik nung panahon,,, pinipilit nilang matuto ang mga anak nila magtinda tinda sa tindahan bago maging supervisor at manager ng malaking tindahan .... sa panahon nga ngayon, yung ibang intsik pinadadala nila ang anak nila at pinipilit pasalihin sa mga network marketing na malalaki at matatagal na at dahil dun daw nila makukuha yung ibang skills na kailangan .... pero tsaka na yan pag usapan kasi di yan babagay sa lahat ng tao.

so let us go back to basic and try ... i said try the impossible... and that is give people in this stage a very rough roadmap to get them into the next stage..... this is very difficult.... i know that there are a lot of people who have overcomed this transition.... i hope they care to share their experiences and tips in this thread....

but let me start by saying these:

tanggapin mo na mahirap talaga ang situasyon

alamin kung nasaan ka na sa buhay mo para malaman mo kung saan direction mo lalakarin patungo sa iyong paparoonan

alamin kung gusto mo sumulong o kontento ka na sa ganyan

kilalanin mo ang iyong sarili at alamin kung ano ang meron ka ngayon .. siguro wala ka sa tamang mindset..siguro wala ka rin ng skills na dapat makasanayan at automatic... siguro wala ka solid na planong sinusunod at puro pangarap at wishes lang ....

maniwala na ang solusyon ay nasayo.. ang solusyon ay ikaw.....

ikaw ay dapat magbago ng pagiisip at pananaw.... ang tamang papnanaw o mindset na dapat mo matutunan ay yung di tumitigil at nalulunod sa pag iisip ng problema kundi nag iisip at patuloy na nagiisip ng solusyon na maaring di mo makita pero makita mo sa tulong ng ibang tao o bagay .... yan ang isang importanteng detalye...

ang magagaling sa pagpapalago ng kabuhayan ay parating nagiisip ng puro solusyon....maliit man o malaki.. effective man o hindi... katawatawa man o seryoso..oo dapat ma isip mo.. ikaw ay mag iisip lang... minsan kaya mo yan mag isa..minsan kailangan mo ng tulomng ng ibang tao..minsan di alam ng ibang tao na nakakita ka ng solusyon mo sa kanila nang galing... kaya mo yan.. iba rin ang nagagawa ng matinding pangangailangan sa isipan ng taong hindi papayag magpatalo...di payag na di makabangon sa pagkakabagsak.... laban Pinoy!

kailangan maparaan ka..kailangan kabisaduhin mo muna kung ano ang pinaka problema .. o ngayong alam mo na ang konting pngkaraniwang pananaw mo ang problema talaga.. eh di ispipin natin kung paano ba dapat tingnan ang ganitong sitwasyon sa mata ng tao na sana tumpak na mindset.

para sa isang tao na nasa tama, makikinig , magbibilang, magtatanong, bago gagwa ng hakbang.... nahihrapan dahil kulang sa pera dahil "walang" trabaho, o sobrang kulang ang kinikita, dahil kulang sa pinag aralan .... UPS UPS UPS..... di dahilan ang walang diploma para magkaganito....

eh kung kulang ang kinikita, eh di kailangan dagdagan ang kita o bawasan ang gastos....

ipag pa umanhin nyo kung ang gagamitin natin example na una ay nagpapalimos na may at least isang kamay o paa pa..... magagawa nila ay magpunta sa institution at matuto ng skills sa crafts or magdevelop ng talent tapos start from there...msybe pumasok at tumulong sa mga charitable projects at ayun magiging partner ka ng mga philantropo..... tsaka na detalye sa ibang may experience dyan ....

isa pang example ay estudyante sa panahon ngayon...... alam ko na masmahirap pa ang iba dyan sa tabi tabing kalye pero unahin na natin estudyante... okay crawling stage, mahirap ang buhay, mahirap maghanap ng trabaho. makakuha ka man ng trabaho alanganin oras like sa call centers.. or working students sa fast food chain... you need income and you need a job.... yes you do at least in the initial stages,,, later on you may not need a job..... isang isyu ay magtipid... sa pagtitipid, di magiging epektibo ang pagtitipid mo kung random ka magtipid.... imagine kung malaking kumpamya hawak mo tapos babanat j=ka ng tipid sa lahat ng bagay eh baka panget na kalidad mga labas ng produkto mo,, so dapat ilalagay mo lahat sa lugar...ganun ang tamang mindset.. so as a student, you need to be handling your finances like you are the owner of a company, you will be a one man company from the start.... you as the owner will hire yourself as the supervisor and wil also hire yourself as the clerk in your small time imaginary busines start up kuno.... pero actually you are just training yourself how to solve big problems beginning with small stuff like your money handling abilities... as the company owner, you will ask your supervisor to tell your clerk to get data... why data? you will need a basis for any decisions you will be taking to improve your profits... so time to check the cashflow of your company .... remember the cashflow of the poor ... balikan nyo sa threads.....

like sweldo na kulang galing sa negosyante o gobyerno >>>> expenses na sobra>>>>> yung pera napunta sa negosyante at government ulit....

so pansinin mo... sila binayaran mo, ikaw hindi ka nakakatanggap ng bayad galing sayo.. wala napupunta sayo... so dapat may systema ka rin na pumasok din sayo ang pera,,,, di lang dapat sila sila na lang ... so bakit nga ba di mo ginagawa na magkaroon ka ng sarili? wala ka kasi sa tamang mindset. So umpisahan mo na pabilang sa secretarya mo ang lahat ng pinupuntahan ng pera mo simula ng matanggapo mo,, so since ikaw ang secretaryo mo, bilang ka, lagay mo sa papel, isulat mo para kita mo ..madali maintindihan...lista mo baon monthly o sweldo kung working student ka,,,, lista mo expenses breakdown sa pamasahe, pang meryenda, pang iced coffee, shake, nood ng movies, gimmicks, inom, parties, list mo lahat,.. kung may utang ka bayaran mo dahan dahan.

sabihin mo sa secretarya mo i report sayo lahat kung nasan pumupunta ang pera... itanong mo sa kanila kung kelangan ba talaga lahat ng gastos na yon buwan bwan.. wala na bang pwede bawasan dyan? ask them,,, then decide for yourself. you will allot money and budget.. you will notice mga 10-20% pala ng pera mo pumupunta sa bulsa ng ibang negosyante na di mo naman dapat inuna pag-gastusan.... yung dapat inuuna mo ay yung sweldo mo sa "secretary at supervisor" mo,, ipagtabi mo na muna sila ng sweldo nila para mainvest sa future... remember ikaw din yung "secretary at supervisor" na yun... so check the details and you will be surprised at what you can save for future investments in a few months to years.... malaki! aha...yung may ari ng negosyo mo eh mukhang nakikita na kung paano and dapat gawin..... dyan mo madedevelop ang CASHFLOW MANAGEMENT SKILLS mo at ang ugali na "BABAYRAN MO MUNA ANG IYONG SARILI" FOR FUTURE INVESTMENTS... IN THE FUTURE DI NA IKAW ANG SECRETARY AT SUPERVISOR... magkakroon ka ng team mates na totoo... isa sa pagkakamali ng maraming nagsisimula ng maliliit na nagosyo ang di pag develop ng mindset kaya napapatakbo nila ang negosyo nila na ang gamit nilang mindset ay mindset ng clerk/emplyado or ng supervisor/lawyer ng kumpanya mo/or self employed professional o ng mahirap na tao na dati rati ay ganun tayong nagaaral mag invest.... may pag kaka iba ang pagpapatakbo ng negosyo ng ibat ibang mindset na yan...

halimbawa yung mga nasa crawling at walking stages na karamihan students, emloyees and self emloyed profs, karamihan ng ganyan nahasa ng matindi sa skills..academic skills, vocational skills, na may mindset na kaka depend masyado sa sarili nilang skills or know hows..... kaya may mga perfectionists sa business na wala na sa lugar di magaling mag supervise/manage para mas mabilis ang production or delivery ng services... di kasi nila linya yun...basta gusto nila perfection sa produkto akala nla yun na ang sagot sa sucess nila.. hanggang dun lang mindset nila.

yung iba naman mga business grads,,, di kampanilya.. naka kurbata rin .. magagaling na managers, CEO, pero nakatutok naman sila masyado sa efficiency ng production may nasasacrifice sa quality ng goods...nakakabangga nya tuloy yung mga skilled na self employed profs or yung may vocational skills kasi minamadali na lahat, pumapangit daw tuloy trabaho para ma meet lang requirements..... dala nila yun sa negosyo nila kasi hanggang dun rin lang mindset nila..

parehong limited ang mindset ng mga emplyado ..... so dapat ang mindset mo bilang etrepinoy ay maging masmalawak... malaki at walang limitasyon...nakakaramdam ng nangyayari sa paligid at di masyado nakatutok sa loob ng negosyo... habang nakasakay ka sa investment vehicle mo na nakabisado mo na, dapat titingin sa paroroonan para wag mabangga kung magbago direksyon ng karsada di ba?

na describe yan ni Michael Gerber sa isang libro nya..maganda talagang topic at concept... sana mabasa nyo rin.

pag di mo nakuha ang mindset na yan, di tatagal ng 10 years ang investment mo ....and that fact is supported by statistics.... pero alam mo namang napaka dali lang talaga makuha ang tamang mindset... kasunod skillset... tapos dadating na lang yung iba malalaman mo na kung tama sa simula ang mindset mo.

hey guys,,, papahingga muna ako..sa kakatype sa forum ulit at magiging busy sa pag habol sa kailangan asikasuhin...may trabaho pa rin kasi ako.. di pa ako kasing yaman ng iba...balang araw ...uunlad din tayo sabay sabay sana lahat tayo magkatulungan.... please give me some encouragements if you want me to continue my random rumblings.... and your serious thoughts (kahit small or big posted messages o ideas) will be appreciated much by many reading this thread...our words are powerful and they show what we are inside... thanks and more power .. sa uulitin.. sana after a few weeks or month meron na mga shared experiebnces dito na pwede natin makunan ng aral... thanks.

good day sir ive been reading since day1 hehe...
sir ang concern ko ehh pano yun... example yung mga may access sa cashflow information in the long run yung distribution ng pera ay mapupunta duon sa may tamang mind set pero yung mga well establish(rich businessman) endi mangyayari na mabawasan yung na mga hold nila(mga clever ehh hehe) kaya ang mangyayari mas mababawasan yung pera na nag cicirculate sa mga ...cummunity/ underground market, Student, Unemployed, Employee etc... lalo na ngayun malakas ang competion panay labas ang dollar$$$/pera naten dahil sa mga imported esp mga china made na halos na penetrate na nila lahat ng segment ng market(consumer)natin meron nga tayung stronghold ng ofw remittances at mga bpo... kaso yung mga conpensation nila mostly ata, aware o unaware nagagasta sa mga imported commodities ano bibilhin nyo pang taxi ? vios o corolla since pang taxi active asset nayun kaso sa pag pili yung isa php550k mapupunta sa economiya ng thailand yung isa php700k sa philippines, which save dollar reserve, cashflow, employment ....

ay sana hindi ako O/T sa mga pinagsasabi ko, parang ang gulo ata ng idea ko hehe...

good day sir ive been reading since day1 hehe...
sir ang concern ko ehh pano yun... example yung mga may access sa cashflow information in the long run yung distribution ng pera ay mapupunta duon sa may tamang mind set pero yung mga well establish(rich businessman) endi mangyayari na mabawasan yung na mga hold nila(mga clever ehh hehe) kaya ang mangyayari mas mababawasan yung pera na nag cicirculate sa mga ...cummunity/ underground market, Student, Unemployed, Employee etc... lalo na ngayun malakas ang competion panay labas ang dollar$$$/pera naten dahil sa mga imported esp mga china made na halos na penetrate na nila lahat ng segment ng market(consumer)natin meron nga tayung stronghold ng ofw remittances at mga bpo... kaso yung mga conpensation nila mostly ata, aware o unaware nagagasta sa mga imported commodities ano bibilhin nyo pang taxi ? vios o corolla since pang taxi active asset nayun kaso sa pag pili yung isa php550k mapupunta sa economiya ng thailand yung isa php700k sa philippines, which save dollar reserve, cashflow, employment ....

ay sana hindi ako O/T sa mga pinagsasabi ko, parang ang gulo ata ng idea ko hehe...

i can sense your strong sense of nationalism and patriotism.... and i feel that you are overwhelmed by giants ..... those are very nice peices of information that may also be felt by many readers as they try their own to make it out of this financial jungle we are in.....

but just sit back .... and think .... what would the person with the proper mindset do? because we know that the person in the wrong mindset of the "crawlers" and the "walkers" (like all of us now or sometime ago) would tend to think of so many problems and never really come up with real soutions..and if they do hear about a good solution, they do not ACT on it cautiously but persistently...... so think of those things that you need as something very close ...something easily seen and well within your reach yet you fail to see it staring right in front of your face.... what is it that the big pioneer entrepreneurs think and do that we do not see and understand..... they became master of the roads and king of these financial jungles because of a very good CAUSE... they found a meaning in their lives...they found a mission..they found some sort of financial,emotional, physical "calling" ..they have decided that they will take that path...regardless of what good or bad will happen along the way ... yes there will be problems but regardless of how big and hard and persisitent thethose problems will be, he will emerge to be more persistent that the problems.... absolutely nothing can stop him from that highewr purpose in life..... i have given you examples of what Mr Gates and Mr Buffet are now doing with their accumulated wealth..... these life missions have been in their hearts as early as day1 or 2...they found something to live for..they found their roles in society.. they wanted to help.. at first they didn t know how...but through their genuinely good intentions, they experience success after failure...and greater success after more failures... then less failures...more succeesses... then going out beyond their territories to go out and reach more people who need them ... there meeting more failures which they are determned to overcome...and they eventually succeed... because of this diffferent way of looking at obstacles..a special angle of looking at things/events.. the "other side of the coin" as Mr Kiyosaki wrote it.... you need to be patient as explaining these is really very hard to do.. and it is very hard to put in writing... i will just keep on describing it until one by one you will all get it... so that when other people get better than i am thweey can share what they know here....yes think that the mindset i have is not very far from your mindset... its just like a "turning on" a lightbulb in your head... and that is as far as i can contribute here (right now and at this moment) as i am still trying to make a "run" for it (remember i am just in the running stage) until i reach the point when i can quit my job because passive income is 3-5 times my controlled expenses .... then and only then i can contributre more....

but let us all deal with mindsetting because we are aiming to get 80% of what is needed to be sucessful and less risky.....

so relax, take a deep breath... think...what will a young Mr Gates or Mr Ford do given the harsh competition, the untamed economy, etc...better yet, you should think ... what did they overlook so we can run faster than them.... at least during their initial phase on mindsetting and take off...

so we are inside the huge city financial jungle.... everything you mentioned is right there in front of you.... big business men with a huge reach in the market.... they target the money of consumers... they spend much to lure the emotions of consumers to buy spend buy and spend every day on a regular basis.. you see it now... see it in a different angle..... see the cash flow patterns.... how do they handle money .. where do they get it? how do they keep it by reinvesting in the same business or build a related business to keep their money reflowing inside the different businesses and systems that they create... then they hire lawyers and tax strategists to lessen bleeding or loosing money to the government or other type of expenses....

what does thecashflow pattern of the consumers looke like.... hehehe.. they get salaries..small or big ..... then the big dogs...reach out for their credit cards coz they just cant help control their emotions...their urges to buy that thing they really want...that he thinks the rich and the confortable poeple also have,,, so they spend...money goes out... money goes into the pockets of big businiess and also the bank....yes of course may taxes so pati gobyerno.... so what happens to some cash at hand after the spending...they place it in slow vehicles that they are VER FAMILIAR with and very comfortabe with... they are at peace with these vehicles..so savings accounts ...time deposits ... they place that in a bank .... unknowingly loosing to inflation.... i am not saying you SAVE ALLTHE MONEY INSTEAD...read again .. I AM NOT SAYING NOT TO PLACE MONEY IN BANKS..read again ...I am saying...look at how the cash flows...from that you will see many things/businesses and people you meet as walking cashflows/financial satements .... financial statements are papers that list income, expenses, assets an liablities and you can see their pattern of cashflow in these papers by drawing imaginary arrows... yes you can see how they their list of income with arrows mostly going to the liabilities list... people and businesses become walking, talking financial statemnts..... you feel alone ..... you feel you are becoming different....

still you do not know your way out this big jungle..... but at least by now..i hope you know where you are... you have the human financial stages to tell you where you are... you need guide(s).. and oh yes you need the right guides.. so you do not have to work alone... more heads are better than 1.. ika nga "the more, the manier" heheheh.....

remember the old saying, "if you cant beat them, join them"..... hahahah why didnt you think about ....and acted on that thought... that very old idea.. those basic things...

so when you run out the jungle, you do not have to be alone, you need guides.. you need as much help you can get... you need people to tell you what you need.....basic things you need to carry with you in this journey .. pack light..... basic lang...basic terms....basic terminology... learn to add, subtract divide... that is it... learn to get the same skills they have.... know them......ask around....what are these skills they do everyday.... literally daily..... yung nakaka inis at nakaka bore na routines... kahit mga anak ng intsik na iinis nung tinuturoan pa lang sila ng mga tatay nilang negosyante....ask ,ask ,and ask.... know them and study them and do it.......practice.... practice....in little things..... later on apply it on larger things....

learn first how to "sell" .. try to learn the art of presenting your ideas as better than the ideas of others without actually doing a sale involving money...making a sale is just trying to convince them successfully that "you have a better idea" than them .... so "selling" is not getting payment for an item you give them ...... it is a skill of the big players .. it makes you want things you do not really need... you do not have to go door to door .. although you can do it just to learn how it feels to be rejected and turned down ... if you have to do it to learn how to overcome the feeling of rejection, by all means... deal with it and teach yourself .... you will be glad you did it when time comes.

this thread is not about money if you will notice... it is about YOU as a person,,,, your wriong habits... weak financial skills... this thread is about what we are inside.... and when we learn to deal with ourselves, we will know how to deal with the world around us and become truly and genuinely helpful citizens of society who can make a big big difference in the world we live in.... yes and notice that it is easier nowadays for many people to do it...

the playing field has been leveled.. kahit sinong gusto matuto sa tamang dahilan ay matututo... di kailangan ng diploma sa bandang huli.. sa una, oo makakatulong ang diploma lalo na sa "capital gains phase" o yung phase na kung saan pinalalago mo ang capital mo sa paraan ng pag benta ng serbisyo, produkto o mismong business ay binebenta mo para mag upgrade ng negosyo.....di lang cellphone or computer pala ang inuupgrade!...hehehehehe.... wag nyo naman baliwalain ang diploma lalo na kung naging magaling na kayo na negosyante... pero dapat alam mo na hindi ka ma iinlove sa diploma.. o sa kahit anong financial vehicle mo na sinasakyan mo kasi alam mo na ang panahon nagbabago... at nagbabago ka rin kasama ng panahon kaya ka successful....

so how do i join them if i cant beat them? ayoko ng mag start up sa panahon ngayon na nagmamadali akong tumakbo... sa sa plano ko ako ay saskay ako panandalian sa fronchising....

9 out of 10 franchisers become successful.... while 90+ % of small business start ups fail in 5 to 10 years ... so you do the math at this point... ako, i decided to join a franchised business .....so in a sense i am running along or running with a person who is bigger than me.... the difference between me and the majority of the people who will eventually give up is simple...and this will make you different compared to the rest... i and we...should take on (jobs and work for other peoples businesses) or (franchise to work as a team for someone else's business) ONLY in order "not to stay that way all our lives" but MOSTLY just to learn what we need so we can start our own... our very own.... when the right time comes... as we wrote it down on our own financial plans... yes, you have to write it down to become organized kahit konti pa lang yan isulat mo para maging ugali at maging autopilot later on.... the big players write them all down at first then they get good secretaries and the best financial planners and other team players to help them just to keep track of them all... i know you are getting the drift.

from your posted message, i think you are beginning to understand some things.... yes the rich have some sort of "hold" as you call them.. you will realize that a key component is emotional intelligence..... like financial intelligence it will help you discover what the market likes.. and what it will eventually like in the future... taste, color, sound, kind of service ... it will be easier than you think at this time especially when you get the right mindset.... find ways to get infromation what your market likes and you will have plenty of them run after your product/services.

you think of the full blown national level ... that is great.. you are trying to survey what is out there in the financial jungle.... but then you must realize you need to get the right tools to get you started first in the 1 square meter of jungle you are standing on ... then start your journey early....and you can eventually see the overall picture again and again in the future..... dont worry about america and china in detail yet.. china is on the temporary boom... there will be a bust... america is burdened by debt and they owe china big time.... they may get into a recession or depression... remember all booms must bust... but the good thing is.. the people in the right mindset try to learn where they can still be successful regardless of the market.. yes you can still make a profit in times of economic downtrends...there are vehicles for that and you can ask around as soon as you are ready.

sooner or later things will become clearer for you... do not stop.. ask around.. ask people with direct experience.. pag napansin mo sabi sabi lang.... study their data/information if they are really true.

so invest in yourself first... educate yourself.. be rresourcefull.. you can learn many things FREE.. guys, it is the information age! it is our age! we should not let the foreigners dominate the 7% growth of millionaires every year (that is small coz they are also small in number).. tayong mga Pinoy kaya din natin yan!

Interesting topic... made me realized what I did wrong. I am a fan of the Rich Dad Poor Dad book but I guess the mindset really didn't stick to me as 80%. I have been trying to get out of my life as an employee and last year I did quit my job. Unfortunately, I lost some money on some bad business decisions. It is true, not all rich people have "it" in them, and all "boom" does suffer the "bust". I entered into a business with someone rich (actually a son of a rich bloke), but ended up with nothing. I also entered into a business with a good friend who has a booming business for a time but just when we are starting that is when the "bust" started to happen so nothing there again. Well the good thing is I learned, and that I am still alive and have a chance to not do it again.

So you might ask what is keeping me occupied nowadays, well the truth is it is still my skills and my knowledge/experience doing consulting work, not far from the work that I used to do but now I am working for my own self. It is keeping me and my family alive but the future is still a cloud of haze and uncertainty... and I forgot to mention... I did acquire a loan for a new house and lot as well... gggrrrrr... a loan for a liability so I guess I have to think of an exit strategy here huh...?

Right now I am exploring different ways to earn, trying to find my niche and I am glad I visited the forums again and found this topic. Thanks a lot rolodge, for more than an hour you had me fixed on this topic. I do hope that we can meet one of these days and share our own small stories on our side of the world.

One thing that I can share here is... "reading something does not equate to learning it". I have read a lot of books, but have not noticed until the time that I am almost facing a wall that I know a lot of things but do not really know how to apply them to my daily life.

My own personal tip for surviving... would be to have "faith". Faith in yourself that you can rise above anything if you really wanted to, then follow it up with "action". Action does not mean reacting, it means planning and knowing what to do next... but I guess it is better to just read the topic over and over again until you get it.... hhhmmmm 80% MINDSET.. thanks again!

"It is true, not all rich people have "it" in them, and all "boom" does suffer the "bust". I entered into a business with someone rich (actually a son of a rich bloke), but ended up with nothing. I also entered into a business with a good friend who has a booming business for a time but just when we are starting that is when the "bust" started to happen so nothing there again. Well the good thing is I learned, and that I am still alive and have a chance to not do it again. "

It is important to know who your partners are inside ... and the best way to guage them is to know where they really are in the human life stages ... the amount of money they hold does not reflect where they are .... you now have a rough guide how to determine where anyone is standing on, if you know how to use the life stages i am currently writing about... and if you really understand what some little concepts mentioned in the life stages are really about... i may not have all the answers myself but you can find that out if you seek the real experts on those specific subjects....so you may want to ask around and share any new ideas with us too.

"One thing that I can share here is... "reading something does not equate to learning it". I have read a lot of books, but have not noticed until the time that I am almost facing a wall that I know a lot of things but do not really know how to apply them to my daily life.

My own personal tip for surviving... would be to have "faith". Faith in yourself that you can rise above anything if you really wanted to, then follow it up with "action". Action does not mean reacting, it means planning and knowing what to do next... but I guess it is better to just read the topic over and over again until you get it.... hhhmmmm 80% MINDSET.. thanks again!"

I have to agree with you that you have to have faith in yourself ... a belief that you can make it ... that is a must ...coz if you have doubts, you may nevver become successful.. its just the way it is .... I remembered I read that from the book of Napoleon Hill.... he tried to interview as much of americas top millionaires and he came up with the conclusion that millionaires are just like everyone else ...except that they have (if i remember correctly):

faith in themselves
a burning desire
a mission in life
determination
commitment
perseverance
drive
persistence
along with other traits/attitude/character/etc already mentioned by me and other contributors in this thread.

remove one and you remove part of your chance to reveal your full potential ... remove most and you take most of that chance .... these things are hard, difficult and slow to develop in an average person .. it will take years... that is why the true rich do not get rich overnight.... they do it nice and slowly ... slowly but surely ... and surely it will be easier to develop with the proper mindset ..

another very rough analogy to explain this .... everyone wants to be fit .. ayaw natin tumaba at mag ipon ng bilbil ... everyone wishes to have a nice slim/athletic body .... many try the gyms and all sorts of gadgets ..but majority fail and give up .... coz they did not have the proper frame of mind that can find their strong motivations .. if you ask those who fail they say ... mahirap tsaka baka delikado pa kaya di bale na ...hahahaha ... if you ask the successful ones, they say ... di naman ganun kahirap kung lalo na "if you love what you are doing" .... so reason with your mind and let your heart decide what you want to do in your life ... be connected with your real self inside .. instead of connecting with the alluring things (mostly liabilities) outside..

let us try to dig a little deeper on the different phases in the human life stages, copy and paste muna .....

"These are your most dominant emotions. Your greatest fear is not

having enough salary. You cling to job security. You are willing and

open to work harder for longer hours in return for more salary.

Feelings of desperation, insecurity, and doubts haunt you … especially

if you have no job.

These are your primary goals. You want a better fee/salary/compensation

as soon as possible. You wish you had a better job. You may want to

further improve your professional skills as this would equate to a

better job. You value a good scholastic/professional education. If you

may have any serious dream at all, you dream of more money because you

believe it will answer most of your problems.

You have a loose financial plan. You do not keep track of your spending

habits. Adding, reading and analyzing numbers may not interest you

much. You have no time counting your daily/weekly/monthly expenses. You

think it is a waste of time.

You do not have any solid assets. You have no emergency fund. You do

not keep a separate account for future investments. You never

personally bought yourself a house or car which you believe can be your

greatest assets. You have no permanent address. You may be living with

your family or friends. You do not have insurance and you may think it

is unnecessary.

These are your present skills. You may have poor, good to excellent

vocational/professional skills. Your financial skills are very poor.

You may not have any leadership skills.

Your cash flow pattern follows those of the poor. Relatively, you spend

(a lot) more than you earn. You may be deep in “bad debt”. Your

lifestyle is bare and basic. No solid assets. No substantial savings.

You get support and advice from this team: The only advisers you have

are your immediate family and friends (if you have any).".....................




i do not think there are people here on the internet still dwelling on the crawl stage except for students (galing tayong lahat dyan kaya huwag ka ma-hiya o ma-ilang)....

but aside from the students, let us talk about the poor parents.. yung talagang naghihirap ang pag-usapan natin... tagalugin natin o taglish para ma intindihan ng mahihirap.. at para di rin masyado maintindihan ng sosyal ...hahaha


this stage is very unique in that some people in this stage (yung talagang dukha) are really under intense pressure due to lack of basic necessities.

the thin line between the "crawl stage" mindset and the walk stage mindset are very wide and impossible to cross instantly..

but people in this stage could either be too depressed to act...or too motivated to relax and catch the bigger picture...they are very emotional.

emotions can get them into trouble .... but emotions can also help them survive during times of great need.

basta ang masasabi ko ay bilib ako sa mahihirap kung paano nila natiis ng matagal na matagal na panahon ang kanilang mga terribleng sitwasyon.. di yan kakayanin ng ordinaryo na taong middle class at mayaman...tiyak di tatagal ang mga iyon kung bigla mo ilalagay sila sa ganyang sitwasyon ...pero ang laki sa hirap ay matatag na mga tao....

in fact galing sa matinding hirap ang nakararaming mayayaman na padre de pamilya na may malalaking negosyo sa Pinas ngayon... makakatutulong sa kanila ang pag gamit ng kanilang mga talento.. mga skills kahit ano... para maghanap ng temporaryo na trabaho... tandaan na temporaryo lang na trabaho yan... at kaya ka lang dumadaan dyan ay para magpalago ng capital at matuto ng mga basic na skills na kailangan ng isang lumalaking investor... hahanapin mo kung ano yung mga skills na yun....gagamit lang tayo ng common sense. kung may access ka sa formal business education, kunin mo..kung wala magtyaga na lang sa ganyan dahil pwede din naman kahit wala.

kung di man trabaho or formal education (wala siguro tayong panahon sa formal education lalo na nasa crawling stage tayo o nasa gitna ng crisis) ay makakatulong lalo para sa mga makaka-isip na gumamit ng maliliit na vehikulo para itawid ang buhay nila sa hirap... naiisip nga ng iba ng magtinda ng maliliit na bagay....mga mane mane, prutas, gulay gulay, sago, fishball, paminta, bawang etc (mga small deals/small investments) at naiaahon naman nila ang kanilang mga pamilya .. minsan sampu pa nga anak sa isang pamilyang naghihikahos... syempre dapat tulong-tulong... pero mas maganda kung konti lang ang anak at planuhin ang pamilya...

tulad din ng pagplano sa investment.... kung takot sa good debts, huwag pilitin mang-utang...pero kung naniniwala ka sa good debts...umutang ka sa kahit kanino..banko o kahit sa mga kaibigan o kamag anakan ... bootstrap financing pala ang tawag dito..pagtyagaan..madadaan yan sa tyaga.

si Mr. Gokongwei nga nagsimula lang siya sa pag titinda ng sabon, kandila at iba pa .... naka bisikleta lang sya nung una tapos ... (pag aralan mo kung paano sya mag isip) ... bumili sya ng ng banka para maghatid sundo ng kanyang mga paninda para lumaki ang market niya sa mga katabing isla sa Pinas... nakipag partner sya dahan dahan sa ibat ibang mga banko, supplier at retailers.... oo ginamit nya ang leverage ng "good debt".... maaga pa lang ay alam niya gamitin ang tool na ito... kahit wala pa siyang pangalan noon ay nag-pumilit sya sa banko na pa utangin sya para sa umuunlad na negosyo ... maraming banko ang tumanggi...madami syang pagkakamali pero siya ay di nawalan ng pag asa ... at ang banko na naniwala sa kanya... ay partner pa nya hanggang

ngayon.... di siya naka graduate ng college.... paki check nyo at wala yata sya diploma noon.

kaya ang mga small investments na ito ay napaka halaga sa nag sisimulang entrepinoy kasi...sa liit ng capital na kailangan ay di gaanong kasakit kapag nagkamali at nalugi.... at dahil nagsisimula pa lang, malaki ang posibilidad na magkakamali ka talaga kasi di ka pa sanay mag drive ng investment vehicle... sanayan yan ...skills, practice at ugali ang pinag uusapan dyan kaya di yan kaya matutunan ng biglaan na di dadaan sa pagkakamali...handa ka dapat bumangon/tumayo sa pag kakadapa any time....

kapag lumago ka na sa small investments, huwag maging mababaw ang kasiyahan.... unti-unting pag-aralan at pasukin na ang mga larger investments para yung lumago mo na pera noon sa mga small deals (small capital investments), ay kumita na ng passive income na mas mabilis at masmalaki kapag sumasakay ka na sa bigger deals (bigger capital investments).... sa transition na ito maraming ang na "trap"... kasi napapasarap sila sa maliit na passive income ng small deals or small cap investments ...dahil napupunuan na nito ang lifestyle na gusto nila... maling dahilan yan (pero sino nga ba tayo para magsabi sa kanila ng gusto nila gawin sa buhay ...kanya kanya lang talagang diskarte yan) ..... tapos di nga sila nag-upgrade ng negosyo.... nag iiba ang timpla ng ecomomiya at lulubog ka sa mga alon nito kung hindi ka mag upgrade sa panahon na kakayanin mo na...tatantyahin mo ang iyong kakayanan... sigurado ako na naintindihan mo ang aking sinasabi...pero kahit na-intindihan mo sa ngayon, iba pa rin ang mapapansin mo na ugali mo sa labas o sa actual ... minsan alam mo na ang dapat mong gawin pero mapapansin mo, mali pa rin ang diskarte mo...mapapansin mo na mahirap biglaang talikuran ang mga bagay na nakasanayan mo na... nasasabi ko ito kasi nangyari sa akin ang pagkakamaling iyan....

halimbawa .... theoretically, alam ko kung ano gagawain ... malinaw ang plano ko....pero pagdating ng tumatakbong panahon, napapansin ko na di ko naman automatic ginagawa ang inisip ko na dapat ko gawin.... so kailangan talaga focus at kailangan practice dahil mahirap kalaban ang maling ugali sa investing.

at hanggat maari kung kayo ay maglalakas loob umutang, dapat isaisip na huwag puro liabilities ang pagkagastusan...dapat ang pondo ay umikot dahil assets ang dapat pagkagastusan... ang mga assets na inutang ay may pagasang makabangon at mabayaran ang sarili niya di tulad sa liabilities na kailangan mo lang gastusan para maggamit.... maliliit na hakbang dahan dahan..nakaya yan ng iba.. kaya mo rin yan... sa mga takot sa utang, wag mang-utang... mas mabagal nga lang ang pag sulong mo... dahil takot ka gumamit ng pera ng ibang tao.

maliit man o malaki ang pamilya, dapat magka tulong tulong....dapat parepareho ng mindset...importante sa mag asawa sa kahit anong stage ng human life na dapat magkapareho o kung di man eh dapat magkasundo.

importante ito at ito ay parte ng TEAMWORK.. tandaan na kayo ay dapat magkaroon ng teamwork sa pagtuloy-tuloy na pag-unlad. at balang araw ay magtatayo ka ng isang team sa investment vehicle mo... at ikaw ang tatayong leader...kaya magsanay-sanay ka na!

sa mga single...malaking pagkakataon nyo na ito na matuto pumili ng makakasama ninyo habang buhay... mas maigi kung makakita kayo ng taong nasa tamang mindset na para hindi kayo mahihirapang mag kombinsihan o mag discussyon pa na mas maganda ang plano mo sa plano nya... kung tama ang mindset ng magiging partner in life mo (regardless kung may pera o wala) ay magiging masmadali ang inyong pag unlad.... maswerte nga ang makaka-intindi ng pag kakaiba ng mga stages sa human life stage kasi pwedeng maging gabay niyo ito para malaman kung totoong marunong ang prospect mo na maging ka-partner.... dati rati, yung mga taong gusto ng short cut...naghahanap ng sa tingin nya ay mayaman para ma i-ahon nya sarili nya sa hirap..pero kasi hindi nya alam na ang mga die hard self employed ay di naman talaga nasa classification na rich class, marami ang nabibigo dahil di
pala ganun ka stable kahit mga self employed na.. so practical na tip yan sa mga umiiwas sa hirap kahit ano pa sabihin ng iba...kung makaka kita ka ba ng ganun... magaling...walang malisya..nasa inyo yan...pero ngayon may guide ka na kung paano kikilatisin ang iyong mga prospects kung fake o tunay na marunong sa kabuhayan.

para sa mga nasa "crawling stage" na halos ay nakaka ahon na, di ako mapapagod sa kakaulit ulit na masabi na dapat bilangin niyo sahod/kita at ang gastusin nyo sa bwan buwan para mapag aralan kung paano nyo mapapatino at mapapaganda lalo ang inyong cashflow.... kung di nyo
makikita yan, wala kayong magagawang paraan para mapatino ang takbo ng buhay nyo...para lang kasi kayong nanghuhula lang..mawawalan kayo ng direksyon...sayang ang pagod nyo..lalo kayo mapapagastos sa hindi kailangan....

kung wala pambili ng papel at lapis para ma ilista kung ANO at MAGKANO
ang mga gastusin bwan bwan ay manghiram..... bwan bwan pag aralan ung saan pumupunta ang pera... at gawan ng paraan na mapatino ang daloy ng pera na tumulad sa cashflow pattern ng mayayaman... kapag natutunan niyo na gumawa ng ganitong listahan na minsan ang tawag dito ay "financial statement".. dito naka lista ang lahat ng income at lahat ng
expenses mo bwan bwan.... tawag din dito ay "income statement" ... kapag naglista ka ng assets mo at liabilities mo na tawag diyan ay "balanced sheet".. pag lahat yan pinagsama mo, yan ang financial statement .. kapag lagi ka gumagawa nyan, makakatulong sayo yan para
malaman kung maganda pa ang cashflow mo ... kung ito ba ay kapareho ng pattern ng mga successful na mayaman ...makikita mo yan dyan ....marami at dumadami dapat ang assets na lalong nagpapadami ng pera mo... kung makikita mo nga ang "financial statements" ng mga gagawin mong partner... malalaman mo kung sino ang taong tatagal sa gagawin mong pangmatagalan na negosyo...yung di ka mabibitin..yung maaasahan mo.... kung di mo alam magbasa ng financial statements, malamang na di ka magaling pumili ng partners mo at matitigil ang daloy ng cashflow mo pag dating ng araw na kailangan mo ng supporta ng partner mo sa investment... kaya nga ang mga banko, yan ang unang gusto malaman sayo... bago apruban ang loan mo sa banko, ipinalilista nila ang mga income, expenses, assets at liabilities mo sa "isang form na financial statement" para dun ng mga experto nila binabasa kung ikaw ba ay magpapalago sa pera at makakabayad sa kanila o kung ikaw ba ay nasa crawl o early walk stage lang na malamang di kasa makabayad agad .....

pero di mo mararting lahat ng pag unlad na iyan kapag, di mo natagpuan ang especial na dahilan kung bakit mo kailangan gawin yan sa buhay mo... kailangan mo ng masmataas na purpose sa buhay, tamang mindset ng uunlad na investor, tamang "winning attitude"...yung attitude na very

persistent at marunong makibagay sa panahon at sitwasyon... kung bumagsak ka, tatayo ulit, kung bumagsak ulit, tatayo nanaman ulit kung
na untog sa pagkakatayo... medyo yuko ng konti ... at hindi mawalan ng
pag-asa... tandaan na mayroon kang mission sa buhay...malaki ang pangarap mo... kung wala ka niyan, hihinto ka na sa pagsulong sa human life stages

.... kapag umunlad dahan-dahan ang inyong kabuhayan sa dating maliit na investment mo na pinalaki mo dahan-dahan hanggang sa magbigay sayo ng kita na sapat sa inyong simpleng araw araw na gastusin.... yan ang nagsasabing ikaw ay naka tawid na sa susunod na stage.... ito na ang "walk stage"....

we were all in the crawling stage as children .. we were dependent on our parents, we have no skill, we have nothing but the whole world to explore.... our experiences even as early as childhood can have a significant impact on our life ... it may be the stage when our developing emotions have made a lifetime decision of taking a certain route in life.... our brain had no chance at all to reason with our strong emotion that we should take a better route .... we dont .. until today ...our emotions decide for us .... the same emotions we had since childhood ....

so many if us were born with parents who were just living the tradition of the industrial age..... with all the study hard in school to work hard in a nice secure job routine..

so few of us were born with parents who can teach real cashflow in todays information age... with all the dream, plan and act to develop skill to work outside/on your business and get your dream routine....


..............so its either you stay in the crawl stage all your life or

leave the crawl stage to be content with the walk stage to be duscussed next or

use your experience in the crawl stage to .... stay a while just passing the walk stage .... and immediately cross to the run stage to get more needed tools/skills in order to reach the fly stage ....to go and stay permanently in the float stage ASAP!

kung may tao man na kuntento na sa crawl stage nasa kanya yun...walang pilitan..

walk stage ang sandali natin pag usapan.

WALK STAGE (Complacent)

Personal Background
Working student
Employee
Self-employed
Small business owner/ SME

These are your most dominant emotions. You feel that you will be
okay as long as you keep your current job or small store. It makes
you feel "secure". You do not know what to do without it. You are
not comfortable with loans/debts. You fear losing money if you
invest.

These are your goals. Although salary is enough to meet your basic
needs plus maybe occasional luxuries, you are open to a better
compensation. This is not a priority concern so you do not act to
improve your condition. All you may know to keep your money is to
cut up on costs. You think you are surviving but you may slip back
to the former stage in case of any major life event. Dreams are
personal and simple.

Financial planning is still poor. You still do not keep track of all
your expenses. Adding, reading and analyzing numbers does not
interest you. You begin learning how to budget but not necessarily
successful every time. You do not have short-term and long-term
plans that are specific, detailed, realistic, measurable, attainable
and timed.
You adopt a conservative or "saver" asset allocation strategy. You
are not aggressive. Your best strategy to keep money is cost
cutting. Your emergency fund is small (maybe <P100,000 to P500,000).
You still do not keep a separate account for future investments. You
may not have insurance because it may not be a priority concern.

These are your skills. You have good to excellent
vocational/professional skills. Your financial skills are still
poor. You do not know how to sell and you may even hate selling. You
think selling is a skill of sales representatives that go "door to
door".

Your cash flow pattern follows those of the poor or the middle
class. Earned income may support an above average living lifestyle.
If you are single, some shopping habits develop. You may own a few
expensive things you bought for yourself and that you consider as
assets. You may have a credit card. You may have bank or personal
loans. If you marry, suddenly … you have a combined income. But
shopping is controlled with occasional sprees. Private education for
your child (if any) will be one of your top concerns. You may have a
house or a car which you believe are real assets.

These are the advisers you have. You may not have an accountant or a
lawyer. You think they are totally unnecessary. Your immediate
family and friends are still your advisers.

na isip mo ba kung ano ang dahilan kung paano mo natawid and "crawl stage" patungo ng "walk stage?"

kung ano man yun.... kahit mabigat o mababaw...ayun ay dahilan pa rin... kaya kung gusto mong makarating agad sa susunod na stage ay kailangan maghanap ka ng mas matindi at mas malaking dahilan kung bakit mo kailangan tumawid agad from "walk to run stage".. kung di ka makahanap ng dahilan na sapat, malamang ay dyan ka na tatagal sa stage na ito... ito yung "walk stage"....

napakarami ng tao na nandito pero mas marami pa rin ang nasa "crawl stage"... pero since nasa internet tayo, palagay ko minimum dito ang mga tao ay nasa "walk stage" na.

halos karamihan ay kuntento na sa ganitong stage.. kuntento dahil di talaga gumagawa sila ng tunay at kungkretong hakbang para ma iba ang kanilang kabuhayan..sa dahilang magaan naman ang kabuhayan...di naman nagkukulang sa pang gastos sa basic needs...may pang luho pa nga eh.....

ang kasunod na stage kasi ay nangangailangan na mag manage ng dagdag na risk, matuto ng kaka ibang skills... at ito ang di nila pinaghahandaan... sila ay may takot pa rin at nakukuntento na sa sitwasyon na basta sila'y di gaano nagugutom....at kahit paano ay nakaka tikim naman ng extra paminsan minsan ay "pwede na!"...

ang mga tao sa walking stage ay isiping nyo na parang na in-love sa trabaho o small business nila...yun ang kanyang crush .... "poppy love" .... gelfren o boypren nila ang trabaho o small business nila... di ba nakakita ka na ng sitwasyon na may isang taong na in-love at nang iwanan sya ng ka partner nya ... mga taong tinatawag na martyr lalo na yung di pa nila ma alis sa isip nila ang kanilang dating labs? .. di ba may ganun? naging emotionally attached sila sa partner nila kaya ganun .. ano ba ang nasa isip natin sa ganung klaseng tao? di ba kung ano ano comments mo na di masyado maganda pakinggan?

.. marami ang taong ma iinlove sa trabaho o small business nila at sa sitwasyon nila na "walking stage"... mahirap na matanggal yan... wala naman masama siguro kung yun talaga ang gusto mo sa buhay mo hanggang dulo ... pero at least yan ang analogy kung paano ka tatawid sa running stage... kailangan makahanap ka ng bagong dahilan sa buhay mo....

magbabago ka emotionally, mabigat pero kakayanin ng sino man na gusto tumawid.... wag mag alala kasi madami naman iba ibang pwedeng gawin....

nang sinulat at sinubukan i post ang mga ideas na ito sa internet (na karamihan nga ng audience ay "walking") alam ko ang possibleng reaction ng karamihan... bago sa kanila ang ganitong mga bagay .. at kung narinig man nila, ito ay bago pa rin sa kanilang mga puso at pang araw-araw na ginagawa....at pang araw-araw na paniniwala at pinaninindigan na mga values sa buhay.

di ako nag e-expect na marami ang maging interesado sa ganitong mga kakaibang idea..... at naniniwala ako na marami man sa nagbabasa ay bumabalik-balik sa pagbabasa, ay di talaga kaya ng sarili nila na baguhin AGAD AGAD ang nasa loobin nila...

maaaring ako ay nagkakamali, kung ako man ay mali, mas mabuti at maraming matututo at magiging mas successful kumpara sa akin.

halos 95% ang chance na pagkatapos mabasa ito ay lalampas lang sa kabilang tengga ang mga ideas na ito...at ang matitira sa isip ng mga tao ay puro wish wish at wish lang... wala nang pag kilos....

alam kong marami rin, sa pagkakabasa nito ay magiging emotional at gusto na hanggat maaari kaagad maghanap ng negosyo kahit maliit.... ang problema akala nila, itayo lang ang negosyo, tapos patakbuhin lang....basta magtinda tinda, ginagawa nga ng karamihan.. eh di ganun lang yun.... medyo may kulang pa sa preparasyon yan pabigla bigla na ganyan ... madaming mali kang pagdadaanan... di mo ginagawan ng paraan ma-manage ang risks...kasi wala ka pa nga sa tamang mindset... pag nasa tama ka na mindset di mo lilimitahan ang sarili mo... isa isa mong matatagpuan ang mga kailangan mo para maging sucessful...

alam ko ang nasa isip ng ilan sa inyo... alam kung naniniwala kayo na malinaw na lahat sa inyong pag aakala... pero ang katotohanan ay di nyo talaga naiintindihan pa ng malinaw..... ako nga rin, nag aaral pa at sinusubukang intindihin ang mga bagay na ito...

karamihan ng oras isaisip nyo na madali lang talaga yan.... oo madali lang yan sa mga taong nakuha ang tamang mindset...dumadali lang ito dahil nakakayanan nilang daanan ang mga bagay na sobrang talagang hirap daanan sa mata ng nasa walk stage... pero nakakayanan nila dahil iba ang nasa loob ng puso nila... hindi pera.... hindi lifestyle.. hindi ganyan ang habol nila na tulad ng karamihan...

maraming sumusubok at maraming nagpapanggap... pero konti lang ang magtatagumpay.... konti lang..... ganyan ang mundo, iba iba ang kakayanan ng tao... ganyan ang ating human nature... di lahat makakarating sa dulo, pero lahat makakarating sa gusto nilang marating... yung ay kung nasaan ang mga puso nila... pero kahit kokonti lang ang mga ito.... kakayanin yan ng konting Pinoy na magkakaroon ng tamang dahilan kung bakit nila gustong marating ang dulo...

yung iba makukuntento na sa mutual funds at trust funds, yung iba sa maliit na real estate business, yung iba sa career nila as self-employed, yung iba kuntento na sa maliit na franchise, yung iba sa maliit na networking , yung iba a-asa sa magulang o asawa na mayaman, yung iba magpapayaman sa pera sa illegal na paraan...hehehe di na nila talaga ginugustong marating ang dulo na gustong marating ng kokonting nilalang... pero okey lang siguro yun kasi kanya kanyang diskarte yan .... nagkakamali ang taong mag iisip na dapat lahat ng tao ay maging magaling na entrepreneur....

so hindi lahat gugustuhin na marating ang kadulo-duluhan nito....maraming makokontento sa ibang stage na tulad nitong "walk stage"... di ko masasabing masama ito.. di ko masasabing mabuti ito.. basta yun ang nangyayari ....at mangyayari ...dahil iba iba ang tao.... may mga taong dumidikit at nanghahabol sa liabilities ...may mga taong masaya na sa ganung buhay ..... at may mga konting tao na hinahabol ng assets dahil iyon ang ginusto nila sa simula pa lang...dahil iyon ay kadikit ng dahilan nila para mabuhay.

so kung mapapansin nyo nanaman... ang pinag uusapan natin ay di puro pera.. ito ay puro tungkol sa ATING MGA SARILI.... KUNG ANO ANG GUSTO NATING GAWIN SA BUHAY NATIN...YAN TALAGA ANG ATING PINAG UUSAPAN SIMULA PA NG UNA.

regardless kung ikaw ay young professional na may malaking sweldo or isang small business owner na may malaking na rin na cashflow bwan bwan ..... kung kuntento ka na sa ganitong buhay na kahit paano may pang gastos ka sa basic needs at may extra ka pam-bili ng LUHO maliit man o malaki... bwan bwan man bumili or irregular.. nasa inyo yan... pero para sa mga may mas malalaking dahilan sa buhay....di ko na pahahabain ang usapan sa walk stage kasi kabisadong kabisado na ito ng karamihan ....

paguusapan natin kung paano mag isip ang mga taong TUMATAKBO .. pag uusapan natin ang "run stage" sa mga susunod na araw.

di ko na rin siguro kailangan ipaliwanag kung ano ang walk stage.... basahin nyo yung decription ko sa stage na ito ulit.. examine your lives.. look at the reasons why you live....are you regularly or monthly counting ALL your expenses... examine your liabilities.... check if you have short and long term plans..na isulat nyo ba?.. ano na ang asset allocation strategy mo .. ilan ang gamit mong investment vehicles..may back up vehicles ka ba? may insurance ba lahat yan? nasa assets ka nga ba naka tutok.... nalilito ka na ba sa dami ng assets mo nakikita na di mo nakikita dati kahit saan lumingon? nagbubuo ka nga ba ng team mo...ang asawa mo ba ay kakampi mo? may accountant ka na ba o banker o broker o lawyer na binabarkada para kasama lahat eventually sa team mo? ...... so alam nyo na yan.... alam mo na kung ano ibig ko sabihin ng walk stage...walang mga konkretong hakbang para gawin lahat yan sa ngayon .... di na kailangan pag usapan ng malalim... oo malinaw na kasama din dito ang maliliit na negosyante na walang ibang mas malakihang plano ... pati yun ay possibleng nasa walking stage pa rin sila...

wala yan sa laki ng hinahawakan na pera.. nasa puso, isip, emotion din yan talaga... nasa buong pagkatao mo yan.

pakiramdam kong may mga nagsisimulang mga tamang mindset na dito... pangalagaan nyo yan..yan ang magdadala sa inyo sa mga kakailanganin nyo... matututo ka magtanong at maghanap ng mga "tools " na matututunan mong kakailanganin mo. ....

so ano nga ba ang mga skills... mga disciplina na ginagawa at inuugali araw araw ng mga di pang karaniwan na negosyante.... kailangan natin ito bago tuluyang tumakbo .....

yan ay mababanggit sa run stage...

at dahil ako ay nasa run stage pa lang ... mabagal ang mga susunod na postings ko ....dahil ito ay sinisimulan ko pa lang pag aralan ... kung mabilis ko matutunan... mabilis ko rin i-post para sa may kailangan...

i will make another thread about skill-setting... dun na siguro yun pag usapan .. but i will post a summary of the run stage description in this same thread below..

i am posting a description of the run stage here ... but most of the discussion needs a new thread .. ang pag uusapan na dun ay yung kung ano ba ang mga ginagawa ng mga mokong na mayayaman na yan ... heheheh

dont get too excited ... it's not top secret information .. it's not mind boggling .... its not what you expect ...di ito kumpleto ... bwelo lang ito ... karamihan ikaw na rin ang makakadiskobre sa dami ng makaka usap mo at makikilala at mababasa ... ang isasama ko lang dito ay yung konti pa lang na na dedevelop ko sa sarili ko...kung wala ng iba mag contribute.. pagtyagaan nyo na lang ang kokonti kong mababahagui sa inyo ...pag sinabi ko konti...literal konti

... some are nice too read but very boring to practice .... kaya nga may mga anak ng mayayaman na tumatanggi matuto magnegosyo at nag pupunta na lang sa mga "arts" dahil mas stimulating and exciting ... swerte at may sustento sila ... tayo wala ... dito na masusubok ang pagka tigasin ng mga macho ... tigas mo sa practice ng bagay na di pang macho ...minsan kailangan mo magsulat, magplano, mostly kailangan mo mag-isip ..... hahahaha .. suko na ba? ay sya .... may choice naman tayo na "gumapang" o "maglakad" na lang ... ... sige nakatayo na lang kaya or naka-upo .... masmasarap yun wala ginagawa... ah alam ko na ... matulog na lang tayong lahat kaya .... hehehe sarap matulog ... gising ka ba o tulog na gising tulad ko?heheheh :O

RUN STAGE (Motivated)

Personal Background
Big business owner wannabie
Big investor wannabie
Rich thinkers

These are your emotions. Much of your fears of investing and
borrowing money may be gone because you are learning how to manage
risks. You think jobs are risky in the long term and you seek
smarter options. Your job earns you a nice monthly salary (probably
20-750 thousand pesos) but you just can't wait to grow your assets
so you can quit your job entirely. Passion for learning and helping
are strong.

These are your goals. You are not content with a salary that more
than meets your basic needs. You may plan to quit your job soon so
you can start spending more time with your family and other more
important things other than work (job). Your dream is bigger. You
found a higher purpose in life. You live below your means even if
you can afford some luxuries. You plan to delay gratification for a
few years (maybe 3-5 years). You want to build wealth for the long-
term at the same time develop persistence, faith, determination,
perseverance and a burning desire that would not fade. You know that
sudden riches without the proper mindset and skill-set or emotional
maturity would be short lived.
You have a written financial plan. You are following serious but
attainable short- and long-term financial plans with considerable
detail and with real deadlines. You plan for early retirement.
You know that asset allocation is a tool for building wealth. You
either adapt a balanced asset allocation strategy or an
aggressive "enhanced growth" strategy. Emergency fund is respectable
(15-20% of income). You know that personal insurance will protect
you as the primary income generator. Aside from paying taxes, you
try to "pay yourself" and specifically reserve that for future
investments.
You have the proper skill-set. You know you have to develop life
skills and business skills for wealth building. You want to develop
leadership and selling skills. You recognize that you need to
increase selling power so you can have buying power. You have to
sell first before you can buy anything. Selling is a much bigger
word that means being able to convince people that your ideas are
much bigger than theirs without involving products/commodities (read
on Selling). You are trying to develop entrepreneurial skills. Your
financial vocabulary is growing fast.
Your cash flow pattern begins to follow that of the rich. You can
identify real assets from liabilities. Your lifestyle is not
excessive because you control your liabilities. Your salary/earned
income answers your basic living expenses for now. You plan to let a
growing passive income shoulder all your expenses. Passive income is
still below expenses and can not afford a rich lifestyle. You are
learning to read financial statements. You believe that the velocity
of passive income is more important than positive cash flow. You are
on the hunt for better opportunities. You have no "bad debts". You
use the leverage of "good debts" that may fuel your first wealth
building assets.

You are trying to build a solid team whose members may be far
specialized than you. You have an accountant. You may or may not
have a lawyer in your team. You hire professionals who can drive
your investment vehicle the way you want it. You look up to your
mentor who has solid experience. Your friends and some family
members seeks advice from you this time.