if i will have a million

if you will receive a million today, what will you do?

me, here's my grand plan for my million...

1. the 20% or 200T will be given to various church and non-government institutions as a form of tithes:

a. Caritas Manila - is the lead Catholic agency for social services and development in the Archdiocese of Manila and a lead provider of technical assistance to social service and development ministries in the five other Metro Manila dioceses.

b. Love-a-Parish-Program - is a centerpiece outreach program of the Greenbelt Chapel (Sto. Niño de Paz, Makati City), which aims to aid hard-up parishes with monthly grants.

c. Gawad Kalinga - is a poverty-reduction and national-building movement lunch by Couples for Christ (CFC), a Catholic lay community, to care for worse-off Filipinos and survivors of natural disasters.

d. Anawim Lay Missions Foundation, Inc. - is a home of 55 abandoned elderly plus a few orphans and physically and mentally handicapped persons founded by Catholic Lay Preacher and Best Selling Author Bo Sanchez in Brgy. San Isidro, Rodriguez, Rizal.

e. He Cares Foundation Inc. - is a Christian non-profit organization that helps extremely poor street children in Metro Manila by providing basic needs like food, clothing, education and medical assistance, as well as spiritual support. it was founded by full-time lay missionaries, Joe Dean Sola & his wife, Ardis in 1996 at 11 Acuña Drive, Philvirra Homes, Project 8, Quezon City.

f. Tahanan ng Pagmamahal Children's Home Inc. - is an organization that provides love, decent food, safe and clean shelter and other basic necessities to orphaned, abandoned and/or neglected children. It was founded by Rey Ortega located at 146 st francis street, bgy oranbo pasig city

g. SMFI Scholarship Program - is the flagship program of the Simbayanan ni Maria Foundation that caters to the educational needs of deserving yet underprivileged youth of Taguig City. it is founded by Rev. Fr. Anton C.T. Pascual

h. Philippine National Red Cross - is the premier humanitarian organization in the country, committed to provide quality life-saving services that protect the life and dignity especially of indigent Filipinos in vulnerable situations.

though 20% is too little, it can still change and support people's lives.

2. the 30% or 300T will be allocated to finance my existing business--the computer sales & services. it still needs revolving capital and payment of existing loans.

3. the other 30% will be used to fund the creation of my new business that would compliment my existing business--a computer & internet shop.

4. the 10% or 100T will be used to purchase additional balanced fund from my mutual fund provider. this will serve as our retirement fund.

5. the remaining 10% will be deposited in a bank and will serve as an emergency fund.

there you have it.

so, if there is anyone out there reading this blog with lots of millions in his/her pocket and don't know what to do, you can share it with me and let's do this together. :)

God bless!

the challenge of business: a fool's act

it's really hard to go into business especially if we haven't analyzed yet all the factors to be considered in putting up our own business. but we must be careful not to move and take action or else we will be trapped in a situation called "analysis paralysis".

but in my case, when the opportunity presented itself, i grab it immediately and made a couple of lapses or shall we say a "fool's act" when i decided to partner with a friend.

the problems

1. i got really excited. when i was a member of the Parish Youth Council (PYC) in our parish, a visiting priest, which is the author of our ministry, taught us not to make any decisions if we are in extreme feelings (e.g. overjoyed, very sad, fiery angry, excited, etc.). these extreme feelings overclouded our minds that lessens our ability to think wisely over a certain situation.

because of excitement, we didn't saw all our options and possible problems that we will encounter in the future. we had the worst problem we could ever have--we overlooked our initial capital. we didn't make an estimate of the needed funds for our initial operation. we only prepared for our expenses and so, when our first and biggest client approved our proposal we crammed on where to get our needed capital.

2. the truth about my partner's financial status. my eventual partner didn't tell me that she has no available money to invest. all the while i thought she's waiting for her money to come from her Social Security System (SSS) or a loan to be approved or something that guarantee her involvement. but the sad part is up to now she contributed not a single penny to our initial capital.

this put me in chaos. i shouldered all the burden of financing everything.

my solutions

1. loan again. with these problems, i resorted to file another loan and this time its a Back-to-Back Loan from the Simbayanan ni Maria Development Cooperative (SMDC). but still our capital is not enough to cover our first major transaction. and so we need another patch up solution.

2. look for investors. presses with time and out of options, me and my wife sent text messages (short messaging service-SMS) and emails inviting our friends to invest in our business. good thing we have a few friends who were brave enough to risk their hard-earned money with us. a special mention to our Godfather, Tito Binggoy who carried the big load for us. but of course i promised to give them a 5% per month interest for their investment. business is business, you know.

on july 9, wednesday, we completed our full delivery to our first major client. thank God for He supplied me with friends that trusted us and invested with us. we surrendered everything to Him and faithfully trusting Him to provide for us and we were glad that He never let us down. truly, He is a Great Provider and a Good Father to His children.

the fool-est act of all time

since we are in a hurry to establish the company we decided to allow my partner to register the company as sole proprietorship under her name. and so all documents, receipts, bank account, etc. were all legally hers. our partnership agreement up to now has not been signed by both parties since we are still finalizing the details.

if worst things happen, may God forbid, i don't have anything that would support my claim. huhuhu...

hopefully, things will get better soon. Lord, help me please!

my first official business

though i tried my luck in buy & sell, network marketing and real estate businesses, nothing yet became my niche.

an opportunity

an opportunity comes when my wife's friend ask her to form a partnership in computer selling and services. we hurriedly grab this opportunity since our soon to be partner is an experienced and an expert in the field. she holds a list of suppliers and clients that we can tap when we start operating. at the same time we have a big prospect that needs to be taken care of asap. all we need to do is to come up with our own company and register it to make it official.

financing

we agreed on our initial capital of 100k and we decided to divide it for 50k per share. and since we are in a hurry, i immediately applied for a consolidation loan with the Government Service Insurance System (GSIS). good thing, all my files are in order and my application was approved immediately.

registration

we faced some problems especially during the registration. to register a partnership with the Securities and Exchange Commission (SEC) it requires a lot more documents than the usual and since we are in a hurry we decided to start our company under the sole proprietorship with my wife's friend as general manager. that means we only have to register the company with the Department of Trade and Industry (DTI).

the company

on june 16, monday, our first ever official business had its soft launching. it is located in mandaluyong city near the City Hall. though we still need to register it with the Bureau of Internal Revenue (BIR) for our official receipt, we can now start looking for clients.

additional sacrifice

due to capital and budgetary constraints, we lend our personal computer for our company operation. i know that sooner or later it will be replaced with new, sleek, all powerful, wi-fi, notebook.

we are hoping and praying that this first venture of ours would succeed and grow. so help us God.

business & savers club

in my last article i utter my disappointment with the less interest of our members in our financial literacy seminar. but now i will hold on to our mission and to stay focus in achieving what we have started.

my only consolation after our activity was that the participants wanted to have a follow up. not just another seminar but a concrete action plan on how to move another step towards financial freedom. they wanted to come up with a savers club and a business that would create passive income among members.

those who have low risk tolerance may opt to save their money, pool them together and we will park it at the Simbayanan ni Maria Development Cooperative with a minimum annual interest of 6% for time deposits.

while the other members who have high risk tolerance will embark on a business with high return on investment but with potential high risk. though up to now we have not decided on what kind of business we are going to enter since we also need to protect the each others investments.

here are the suggestions:

1. eatery - pares, lugaw/goto, kwek2, siomai, chicken feet
2. store - ladies bags and accessories
3. rtw - ukay-ukay

we can also help market the existing products of our members then encourage other members to come up of their own business. sooner or later we may come up with a company that would concentrate on marketing our own products.

but since we have not yet decided on what business should we take, we better start our savers club as of the moment. at least we can say that we did something to jumpstart our small idea.

your own business

one of the actions that we need to take in moving out from the "rat race" going to the "fast tract", as explained by Robert Kiyosaki of the Rich Dad, Poor Dad, is to have our own business. but how do we look for a business that best suit us? here are some tips on how to look for a business.

how to look for your own business

1. identify people's need or simply create a need.

1.1 identify people's need. before you start any business, ask the market first what they need. ask what is it that they need and what they want that you can help provide. start a business that has an immediate market to avoid difficulty in selling. The basic needs are food, shelter and clothing.

1.2 create a need. if you happen to have a products or services that is not need-based you will still need to educate the people on why they have to purchase your products or services. You must create awareness. You must come up with a good marketing strategy and advertise your business.

2. find your core gifts/interests. start from your hobby. if you like cross-stitching, beads making, baking, etc., your family, friends and neighbors like it and asks for more then maybe you can earn from it. try improving your masterpieces and packaging and charge them. from that you can start your own small business.

3. sell a good/new idea. it maybe an existing product and you added some features. for example: simple "sago", put some flavorings, crushed ice, a bigger straw and a good packaging turned into "zago". other examples are "cooked ice cream", "frozen taho", etc.

4. buy and sell or network marketing. this is the easiest way to start a business. ride form others existing products. try looking for good products and start your buy and sell business. in multi-level marketing or networking, don't concentrate on recruitment but on marketing the products because it is the "bread and butter" of the company.

5. buy an existing business or franchise a business. if you have enough capital to start a business but still confused on how to start one, better buy an existing business or simply franchise a business. you just need to learn the process and follow their system. then improve on how to serve your customers better.

by creating your own business, you're not just creating a source of income for yourself but also create jobs for your fellow countrymen.

ultimate desire

what is your ultimate desire?

my ultimate desire is to serve God more and help more people, to have more time for my family and my community, and to organize more activities and projects that will help narrow the gap between the rich and poor in my country.

this desire will help me overcome all obstacles and challenges that i will meet along the way. it will keep me focus and endure all the pains and failures that i'll mistakenly commit. this desire will push me to the limits and to take an extra mile.

that is why i need to be rich.

present status

most of my time being an employee is alloted to my work, 9-10 hours a day, 5 days in a week. the remaining less quality time is divided among my family, service and myself.

up to now, my job is still my bread and butter. i cannot quit from my job yet because our daily expenses depend on it. that is why i created other sources like buy and sell and joined a multi-level marketing. but still it is not yet enough to take the place of my monthly income.

to be rich is to be free

to be rich is to be financially free. to be financially free means not working for money, but money working for me. i can create more businesses and that businesses will create more jobs and livelihood projects. i control my time. i can play with my kids more. i can have romantic dates with my wife twice a week. i can go to my service whenever i want. i can evangelize and bless more people.

more actions required

i will continue my business in dealership and network marketing since the products are full of potentials. i will continue my stocks trading online. i need to look for more opportunities that will give me additional income like partnership, foreclosed properties, etc. i will try to invest in other businesses or buy a franchise.

i won't give up. i need to keep my desire burning. i'll do whatever i can. i need to be persistent, work hard and be patient. and i'll let God surprise me on what fruit of this labor be.

financial literacy

this is actually the second part of our financial literacy seminar outline. the first part is the financial stewardship.

the Cashflow Quadrants

according to Robert Kiyosaki of the Rich Dad Poor Dad, there are only four ways how to earn.

1. be an employee. work for somebody for 8 hours a day, 5 to 6 days a week. they are oftentimes forced to render an overtime. sometimes rendering overtime is without pay. their own initiative to meet the deadline or because they cannot cope up with so many pending work. most of the times they have bosses that is so demanding and so irritating. their monthly income is secured but they have no control over their time. they have no freedom and they work for money.

2. be self-employed. they are their own boss. most people in this group are the professionals: doctors, lawyers, architects, accountants, etc. some works at home or have small businesses like tailors, sari-sari store owners, balut and taho ventors, taxi owners who drive their own taxi, among others. though a little higher in status than the employee, a self-employed person still needs to wake up early, do their routine and stuff and work or else they don't earn. meaning, they still work for money.

3. be a businessman/entrepreneur. this is much better than the other two. businessmen/entrepreneurs create businesses and jobs. they create money and wealth. they hire people who are competent enough to run their businesses. they hire experts that require less supervision. their business is in autopilot. this will give them enough time to look for more opportunities and time for their families.

4. be an investor. they make their money work for them. they use their money to earn more money. they create passive income. they invest in other peoples businesses, they invest in real estates, stocks, bonds and mutual funds. they don't need to wake up early. they control their time. they can spend their month-long vacation and still earn. this is freedom--financial freedom.

the first two groups, the employed and self-employed, are placed at the left side of the quadrant. while the remaining two, the businessmen/entrepreneurs and the investors, are placed at the right. Kiyosaki called the left side as the "rat race" while the other side as the "fast tract".

financial literacy is the key for people to move from the rat race to the fast tract. they need to be prudent, disciplined, and the will to save and invest. it takes a lot of hard work and guts. dream big but start small. learn from failures and improvise.

source: Robert Kiyosaki, Rich Dad Poor Dad and Larry Gamboa, Think Rich, Pinoy!

financial stewardship

i believe that God created the universe (Genesis 1:1). everything in this world is God's (Psalm 24:1). everything that i see, i touch, i feel, i own are His.

God gave man the authority to govern, utilize and consume all these things. and therefore, we are all God's stewards. (Psalms 24:1. Haggai 2:8) we owe our prosperity to God. (Proverbs 10:22. 1Corinthians 4:7. Ecclesiastes 5:18)

as Christians and servants of God we should know how to handle our finances and learn to spend wisely. we should learn how to create abundance and multiply God's blessings. we should be the instrument of God in distributing His wealth to others especially those who are in need.

why God gives us blessings?

1. to glorify God. Proverbs 3:9 says "honor the Lord with your wealth". God, the source of our wealth, provides us money, possessions and richness not just for our own sake. we should use His blessings to serve Him and to finance His works on earth.

tithing. according to Malachi 3:7b-10, "we rob God if we don't tithe". tithing is a concrete expression of gratitude to God. we give back to God a part of His gift in acknowledgment of His care, protection and love. the tithe consists of 10% of an individual's income after taxes from whatever source. example: wages, rents, investments, business, etc.

the church and its communities need our finances to further Christian mission and to help our brethren. this will be used for members' formation, community activities, administrative expenses, etc.

compute your tithe from your total net income (less tax, etc.).

2. to bless others. we should learn (not force) the virtue of sharing. we receive wealth so that we can share it to others. if only all people in the world will learn the principle of sharing there would be no poor people or poor country in this world. there will be enough for everyone. let's share our wealth with the poor and the needy.

model: the mission and vision of Gawad Kalinga (GK): "less for self, more for others, enough for all."

2.1 resource sharing. it means lending our material resources to care for the specific needs of our others and sisters (Deuteronomy 15:7-8). it is done by means of sharing our material goods or by providing interest-free loans to others in need.

2.2 almsgiving. it means giving money or goods to the needy and poor.

giving is receiving. when you give, you actually receiving God's grace and making yourself an instrument of God in giving His blessings to other people. God uses His people in distributing His wealth and not through some kind of magic. we, as His children, are the key in opening God's door of abundance to His people.

3. for our personal use. we are God's children. our God is the King of all kings. it is only righteous that we share the abundance of His richness. we need these blessings to satisfy our needs and wants. we need to provide for ourselves, our families and our future.

God loves us so much. He doesn't like seeing us buried in debts. He doesn't want us to suffer from poverty. let's take care of His blessings. let's save. let's invest. let's put our money where it can multiply and grow exponentially. invest in mutual funds or create businesses. let's compound His gifts and be a blessing to others.

source: CFC Singles for Christ (SFC) Expanded Talk Outline on Financial Stewardship

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!

the basic cashflow of pinoy

i just want to post an article made by butch salvador of Car Magic & Spa Magic entitled "the basics of cash flow" which is being circulated around through emails. i hope you will learn from it.

THE BASICS OF CASH FLOW

There are those who e-mailed me asking about the basics of cash flow. I'm really sorry that I assumed everybody already understands it. Anyway, by demand ... here it goes...

May isang bata... joke lang.

The basic is. What pattern do you see if you will get a P100.00 bill and monitor where and how it is transferred from 1 possessor to the other? How does it flow? The pattern for a typical Pinoy is.

You earn from your work, you spend it on food, gadgets, clothing and other basic needs. Before you reach the next payday, paubos na yung pera mo. But that's ok payday is just a few days ahead and it doesn't matter if I run out of money, I am expecting money again any time soon.

This cycle goes on and on and you make some sidelines or create other ways to earn but it seems that money was never enough. (I am tempted to explain further pero usapan... basics lang).

So you can't leave the job that you have because a week without work would affect the cash flow you have to support your family and needs. As much as you wanted to accept another job, the gap would make you pay less for a couple of days, which makes you a slave to your boss.

At least, you have a job to support your needs.

So to illustrate...Cash is flowing inside your pocket.

Years have gone by doing your monotonous routine.

Question... what if you get fired? Or you were forced to retire because there are new and younger people ready to take your place. What would you do?

As an OFW, Makati Executive, Top Salesman, Engineer, Attorney, Teacher, etc... What if it all ends? The sweet cash that enters your pocket every 15 ^thth suddenly comes to a halt.

There are two things you can buy with your money... An asset and a liability. To describe each... An asset brings money inside your pocket; a liability takes money out of your pocket. Another way to see, it is that an asset if you buy one, will bring the money you spent for it back to you 2 or 3 folds. A liability, when you buy it will not give your money back at all.

Sa ilocano... idjay ti kwa... djak maawatan... (joke lang po, seryoso na kayo eh...)

Sa madaling salita... kapag asset, maibabalik ang pera , pag liability, goodbye sa pera...

Ang problema kay JUAN DE LA CRUZ, habang may trabaho ipon ng ipon at bili ng bili ng liability!

I have seen OFWs get back to the country with gold chains at kung pwede lang limang shades ang isuot ng sabay-sabay gagawin nya eh... dvd, component, jackets, clothes, inuman, pulutan, party, pabango... hindi na makalakad sa dami ng bitbit...

At s'yempre mga empleyado natin dito sa bansa na lingo-lingo bago cell phone at mags ng kotse.. hindi na nga magkasya ang damit sa aparador, tapos pag umaga sasabihin.... wala na akong maisuot.

Guys, esep-esep... what you bought... will it bring money back to you? I know what you have in mind... you have to en and 30joy what you worked hard for. That's right, but think of something that will last... think of your future.

I have seen the worst of people who were abogado de kampanilya, executive secretaries of top rank business men, people who worked for big companies, earned a fortune and got a big retirement pay by the millions... Now.... Wala na.

Why? Because of their cash flow... went in... went out.

I need not to mention basketball players, actors, singers, etc... Check what is their career path... next after acting, singing and playing... POLITICS. Kasi, 'yung million na kinita nila, puro liability ang binili.

Going back... all the liability they bought, ibinenta ng mura! I'm wearing a gold chain now, which I got from a seaman... he bought it for P35,000 and sold it for 8,000 to me. Hindi po asset ang alahas! Bakit? Totoo na tumataas ang value n'ya pero kapag gutom ka na, kahit palugi ibebenta mo! (wala bang aaray?) Cell phones... dvd players etc. pati bahay at kotse... that's the cash flow of most OFWs...

The question is ... "WHAT IF THE INCOME STOPS?"

Sa Pinoy, ganito: anak... mag-aral kang maigi, at pag tanda namin... ikaw na bahala sa amin ha.... Hindi po ba maling-mali...

You have to establish something today that will take care of your future.

Teka, teka... eh ano ang dapat gawin para hindi mangyari yan?

You must create a source of income that will continually make money flow inside your pocket. Start a business! While you are working as an executive or an OFW, or a professional... START A BUSINESS and MASTER that business till you get out of that company. Para kapag tumigil ang income mo sa kanila... may susuporta pa din sa iyo hanggang pag-tanda mo!

Now don't tell me to invest my money on pensions and plans... NO WAY! Narinig n'yo na siguro yung .... Naku ayaw ko na magbanggit.... 'yung mga nagbayad at hindi nakapag-claim... sila pa ang dinimanda at nag-piyansa!!! HUWAG MO I-ASA ANG PAGTANDA MO SA IBA! GUMAWA KA NG SARILI MONG BALON NG PERA! KAHIT MALIIT PA 'YAN, SARILI MO AT HINDI KA AASA SA IBANG TAO...

Imagine yourself when you reach an older age... (aruy ko,,, baka yung iba sa inyo about that age... tabi tabi po...Ako po sa mga nagtatanong... I'm 37 years old. Naabutan ko pa si Michael Jackson at hinele po ako ng nanay ko sa mga kanta ng hagibis...). You have money that the company gave you as your retirement pay... what will you do?

You can consume the money till your old... eh kung hindi umabot? Masamang damo ka pala... at hindi ka kaagad kinuha ni Lord. Eh pang age 65 lang yung naipon mo na budget.

Or maybe, you can start a business and use the money for capital... Kapatid... 9 out of 10 businesses, FAILED... yung isang magsa-succeed, gagayahin pa ng kapitbahay mo instead na mag-franchise sa 'yo... think! At age 50, you are struggling trying to make a business work! What if it fails?!

Eh ano nga ba ang sagot?

The answer is, stop buying liabilities and instead buy assets now. I don't care if it is a banana-Q store, balot, ice candy or a sari-sari store, etc... start now! Because, your experience here will teach you what to do in the future. It's so hard to struggle in business when you are 60 yrs old.

You have to create a source of income separated from the source of income from your work. That when the time comes that you have to stop working, you will have your own source of money! Create assets, start a business that will be there to support you and your family. I AM NOT TELLING YOU TO QUIT YOUR JOB! I'm telling you to start a business while you're working and stop spending your money on liabilities and start putting them on assets!

Ang pera kapag pinambili mo ng LIABILITY... hindi na babalik... ang ASSET... BABALIK.

Teka... masama ba bumili ng mga magagandang gamit? Hindi! Siguraduhin mo lang na ang pambili mo nun ay galing sa asset mo. The business has to be prioritized! Mawalan ka man ng trabaho, may negosyo kang palalaguin.

If before, nabubuhay ka naman ng iisa sapatos mo, huwag mo baguhin 'yun... dati, nagdyi-jeep ka lang... 'wag ka na munang mag-FX...

Create assets and lessen liabilities. Invest and learn now... mag-negosyo!

Eh anong negosyo? Any, as long as you think it is work and doable! I am still looking for partners for my HOME MASSAGE SERVICE! SPA MAGIC! And my business CAR MAGIC is still franchising... (joke lang ... baka sabihin nyo nag pro-promote lang ako eh...But I AM PROUD TO SAY THAT ALL MY BUSINESSES ARE ORIGINAL AND ALL ARE GRAND ASSETS!

I started all my businesses with a very small capital. If I used that money to buy a gadget, new shoes or any liability... baka wala lahat ng negosyo ko at wala na akong makain ngayon.

Again, I hope that this BASIC CASH FLOW article helps.... I wish all of us become financially free!

my first biz

"bless me, O Lord, so that i may bless others." - Bo Sanchez

i'm still employed but our combined earnings with my wife is barely enough for our small family. i want to be rich so that i can help more people especially those who are in need. so i looked for an opportunity.

i started my first business as dealer of my friend and co-sfc member, lance, for his skin care products, Goldskin. since my customers and subdealers are not yet stable i added another product line. i now distribute products derived from spirulina which are products by Evergreen. another friend and co-sfc member, jojo, invited me to test the market.

here's the list of my products:

GOLDSKIN SKIN CARE SOAPS

1. Placenta & Squalene Essence Soap with Papaya Whitening Extracts (130g)*

- A unique blend of placenta proteins, squalene oil, papaya extracts, and other nature’s finest ingredients. It offers the most effective nourishment that your skin needs. It smoothens skin surface, eliminates wrinkles, regulates oily skins, nourishes and rejuvenates aging skin, brightens skin complexion and helps fade dark spots and discoloration, and has a face lifting effect.

- Now you can experience the ideal care soap with amazing results and restorative effects on your skin. You won’t believe how velvety smooth, healthy, beautiful and flawless your skin can be! It’s truly revolutionary.

2. Oatmeal & Milk Essence Soap with Glycerin: Dermatologist Recommended (135g)*

- A unique blend of oatmeal, milk, glycerin, and other high quality natural ingredients. It soothes skin as it deep cleanses. It sloughs off dead skin cells and has mild exfoliating action that leaves skin with a silky-smooth after-feel.

- Milk contains proteins, enzymes and amino acids and antioxidants, all incredibly valuable for the skin. Now experience the ideal skin care soap that works wonders on normal to oily, itchy or sensitive skin.

3. Vitamin E and Virgin Coconut Oil (VCO) Extracts with Tawas: Anti-bacterial, Moisturizing, Nourishing Body and Foot Deodorant Soap (135g)*

- A high performance bath soap that effectively deodorizes, moisturizes, and promotes healthy-looking skin all day, everyday.

- Active Ingredients: Vitamin E – rejuvenates and nourishes skin by protecting it from the harmful effects of free radicals and other skin-damaging elements. Virgin Coconut Oil (VCO) – soothes and moisturizes skin, making it softer smoother and more supple. Potassium Alum (Tawas) – recognized for its anti-bacterial, deodorizing and whitening properties, naturally kills odor-causing bacteria and helps whiten skin.

*Products of Smart Wiltshire Industries Corporation, Makati City, Philippines

EVERGREEN (SPIRULINA) PRODUCTS

1. EVERGREEN SPIRULINA VEGETABLET**

· 100% pure Class-A Spirulina
· Available in 120 and 600 tabs Bottles (250mg/tab)
· 4 tablets are equivalent to 1 kilo assorted vegetable nutrients

2. EVERGREEN SGG 3-in-1 The Total Health Supplement**

· Powerful combination of Spirulina, Ganoderma Mushroom and Ginseng in one tablet (300mg/tab)

3. EVERGREEN COFFEE KING SPIRULINA and GANODERMA ALL-in-1**

· The most nutritious coffee in the world!
· Combination of Spirulina and Ganoderma Mushroom (21gm/sachet)

4. EVERGREEN SPIRULINA CEREAL**

· Combination of Spirulina and Nutritious Oats (31gm/sachet)

5. EVERGREEN SPIRULINA SOAP**

· Beauty and Body Soap
· Anti-fungal and anti-bacterial Soap (120gm/bar)

6. EVERGREEN SPIRUMINT PLUS TOOTHPASTE**

· Combination of Spirulina and Ganoderma Mushroom and Mint in one toothpaste (120gm/tube)

**Products of EVERGREEN INTERNATIONAL, Pasig City, Philippines

if you're interested to be my partner, kindly email me at richchard28(at)gmail(dot)com