diskarte, Pinoy!

who wants to be a millionaire?

i can almost see everyone raising their hands saying "me" in exclamation. e sino nga ba ang hindi? we all want to be millionaires and taste what it feels to be one.

but according to Bo Sanchez, author of the 8 Secrets of the Truly Rich, even though we want to be rich, subconsciously we don't. how come? kasi marinig lang natin ang mga salitang: selling, marketing, business, networking, and other related terms e lumalayo na tayo dun sa nagsasalita. as if he's carrying a contagious virus.

e paano nga ba yumaman sila henry sy ng sm, tony tan caktiong ng jollibee, lucio tan ng pal, at iba pang mayayaman dito sa Pilipinas? simple lang... nagbenta sila. may nagbenta ng sapatos, burger, sigarilyo, at iba pa. they started small and now they are billionaires in their own rights. as senator manny villar always say, "sipag at tiyaga lang 'yan."

diskarte, Pinoy!

saan nga ba kilala ang Pinoy? saan pa eh di sa pagiging madiskarte! Filipinos are known for being hardworking, intelligent, creative, innovative, friendly and joyful. Filipinos excel in almost any field and in any part of the world if given the right opportunity. so, if you want to be rich, you can do it!

money problems are most of the times mind problems, says bo. just use your coconut shell. if we take it literally, here's an example: a man brought with him a stand, a chessboard and a sign that reads "checkmate black in 2 moves". those who will try to solve the puzzle will bet for P50, P100 or even higher. it depends on their agreement. one loss try is automatically instant money for him. though i'm not sure kung meron ngang solution dahil kung wala eh he's cheating. hindi ko naman sinasabi na gayahin nyo 'yun. ang gusto ko lang i-emphasize na pwede kang kumita kahit walang puhunan. diskarte lang.

another example is the story of Butch Salvador. one day, he found out that he's broke with only ten pesos (P10) in his pocket. he came up with an idea, made a leaflet, photocopy it for ten (10) copies and then distributed it. when he got his first costumer and received his payment amounting to P2,000, he crumpled the money, held it tight and promised to himself, "i do not want to be poor ever again". he started with ten pesos and now he's Car Magic is franchising and he created more companies in his name. again, diskarte lang.

how to look for a business?

1. identify people's need or simply create a need
2. check out your core gifts/interests
3. sell a good/new idea
4. buy an existing business or franchise a business
5. buy and sell or networking
6. foreclosed properties

delay self-gratification

Filipinos are also known for their festivities, celebrations, parties, etc. likas daw kasi sa ating mga Pinoy ang pagiging masiyahin kahit puno ng problema. and when something good comes up, like receiving a bonus, most Pinoys call their barkadas and start celebrating. they celebrate until all their money are down the drain. some will buy new high tech gadgets, appliances, a new car or a new house to fulfill their dreams. these people are called "one-day millionaires".

i'm not saying that it's bad. but, our people should learn, first and foremost, how to save and invest their hard-earned money before enjoying the fruits of their labor. buy assets. create passive income. this is called "delaying self-gratification".

Financial Literacy

another key to become a millionaire is to become financially literate. ito ang kailangan nating mga Pinoy and this is also one of my advocacy. i want to teach financial literacy to young Pinoys, especially the underprivileged. the new generation of Pinoys should learn the basic cashflow, learn how the money works, the income statement, the difference between an asset and a liability, the difference between good debt and bad debt.

everyone should learn how to invest, how to look for successful mentors and partners, how to be responsible and committed to their dreams, how to apply what they learn and move.

attending seminars and reading books also helps. below are highly recommended books:
1. 8 Secrets of the Truly Rich and Simplify and Create Abundance by Bo Sanchez
2. Think Rich, Pinoy and Grow Rich, Pinoy by Larry Gamboa
3. Rich Dad, Poor Dad by Robert Kiyosaki

have a plan. simple, measurable, attainable, realistic and time bound plan. and the most important thing is action! "nothing happens unless something moves". kaya let's do it na! now na! kaya natin 'to!