Financial Education

What makes a great self-made millionaire?

Not all millionaires are born overnight. Most earn their riches through hard work, plus a few key characteristics that seem to be universal among self-made millionaires.

1. Self-made millionaires welcome risks

One trait that’s consistent among self-made millionaires is that they are risk-takers. Tony Tan Caktiong did not just suddenly become a fast food tycoon overnight—he had to make risks, like setting up an ice cream parlor in a country that basically runs on isaw and chicharon. Tony eventually expanded to add burgers and fried chicken to the menu, and expanded even more to acquire new fast food chains to the corporation. By late 2015, Tony’s worth was at $2.6 billion dollars.

2. Self-made millionaires think differently

Some entrepreneurs from the tech scene live on this concept 24/7: self-made millionaires view things differently. Jonah Peretti, founder of Buzzfeed, basically rewrote how today’s news and content are curated and distributed because he believes there’s more to just pushing news to readers. The website didn’t stop at just churning out funny listicles and GIF files; every little bit of data was collected so it can learn more about the science of content virality. This, along with other groundbreaking systems within the company, allowed Buzzfeed to operate its own editorial team that rivals even the more established news websites in the world. All because Jonah thought content should be consumed differently.

3. Self-made millionaires are visionaries

Millionaires love to look into the future with bright ideas. Two decades ago, we had Friendster and Myspace which let us enjoy blinged-up pages and friend testimonials. But in 2004, Mark Zuckerberg developed Facebook because he wanted to make something that could open doors to wider social interaction. Fast forward to this decade and we now have a social network that is basically a platform for everything we do: trade, education, journalism, the works. If Zuckerberg hadn’t thought of something as inventive as Facebook, what do you think would have become of our social media?

4. Self-made millionaires see problems as opportunities

For most people, getting stranded means long music streaming time and even longer rants on Facebook. But for Travis Kalanick and Garrett Camp, getting stranded jumpstarted an idea that would change how people commute all over the world. In 2008, after getting trouble hailing a cab in Paris, the duo came up with a simple idea of being able to get a ride with just a tap of a button. They soon developed Uber, a billion-dollar ride-sharing app that allows users to book their own transport service. Problem solved—and monetized! Millionaires look for opportunities to create revolutionary new ideas to counter existing problems.

5. Self-made millionaires are frugal people

Not stingy—just frugal, and American mogul Warren Buffett is the poster boy for this trait. He is quoted to have said “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” For Buffett, never losing money means keeping his lifestyle in check. He still lives in the same house he bought in 1956 and doesn’t spend for parties. Self-made millionaires always live within an adequate budget because they know money is hard to come by.

6. Self-made millionaires always pair up with good partners

No man is an island, and no man becomes a millionaire by working on his own. A millionaire’s successful business framework always includes one critical point: including a good partner in all plans. Self-made millionaires know that it is important to rely on professional partners to follow through important business decisions.

Original post from

P.S. – Are you living your dreams? Or just living your life? Most people settle down for the life that they can only pay for rather than the life they truly want. It’s because they lack the money to buy theirs and the time to enjoy them. We only live once and we should live our lives to the fullest! Wouldn’t it be better if you can live the dream life you’ve been wishing for rather than settling for what you can afford right now?

Right this moment as you read this shared content, someone far less qualified than you is living your dream life. All because they didn’t just talk about wanting it. They took action. What action could you take right now that would move you closer to your dreams?

Do you want to get rich?

If yes is your answer then I’m going to share with you this 66-page e-book titled “HOW TO GET RICH WITHOUT WINNING THE LOTTERY”

Just click or tap the book cover shown below and GET FREE INSTANT ACCESS!
 Click here for FREE ebook copy 

 Are you living your dreams? Or just  living your life?

Your Friend To Abundance,

Ar.Jeremy,
Architect and Entrepreneur

Follow me on IG @archjeremy

Standard
Financial Education

How to become a millionaire in under 5 years

Keep your priorities in order and you can reach that 7-figure mark.

by Daniel Ally | January 26, 2016

If you wanted to, you can become a millionaire in under five years.
 
I was able to do it sooner than that, but it wasn’t that easy. There have been many sacrifices to make and obstacles to overcome, but I was determined to make it happen. Dealing with adversity was my greatest teacher and it allowed me to build the type of resilience that helped me walk through the fire. 
   

Dealing with people 
Eventually, I became fireproof. In the process of reaching the 7-figure mark, I’ve learned dealing with people is the most important attribute. No one can become a millionaire without knowing how to deal with people assertively. You must be prepared when your best friends turn on you or your family betrays you. Sometimes, it will happen at the most unpredictable times.
   

Forgiving people 
I had to let old friends and family members know that I was moving on in my life. One time, I pulled a cousin over to the side at a family gathering and told him the truth about how I felt. Strangely enough, he unexpectedly died the next week. If I had not forgiven him for his transgressions, it would have haunted me for years. 
   

Forgiveness is the best revenge. – Unknown
 


 

Handling finances 

In my first year of business, I barely scraped by financially. That same year, I faced dozens of overdraft fees and late charges on almost every bill. I had to sell my car to keep moving forward. I learned I still had to keeping show up and handle my business, despite the failures and discouragement. Soon enough, I began to prosper and my income skyrocketed 10 times in the next year.
   

Making sacrifices 
Those experiences were hard. The night before I received a payment of $10,000 to speak to a large audience in Delaware, I had to sleep in the car in the freezing cold by myself! At the time, my account was severely overdrawn by over $200 and I couldn’t afford a hotel. It’s a good thing I had a wool suit that night! 
   

Experience is a hard teacher because she gives the test first, the lesson afterwards. –Oscar Wilde


 
 

Dealing with embarrassment 

Another time, I was stuck at the grocery line with nearly $100 of goods. When I swiped my card, it was declined. After fumbling with other credit cards, I looked behind me and there were at least 10 carts behind me. I had to go home and eat tuna that day – with no bread or mayonnaise. My water was shut off that night, too, so I washed the food down with a few teaspoons of rain water!

Asking for help 
At a certain point in my business, I couldn’t grow any further until I hired a few key people. Asking for help wasn’t my forte, but I had to make it happen. Within months I had a lawyer, editor, personal trainer, part-time chef, and other personnel. It cost me a fortune at first, but eventually helped push me into the million-dollar mark. Most people won’t ask for help because their ego is in the way. 
   

Overcoming fears 
I failed English class three times in high school. One college professor told me that I shouldn’t even bother writing and failed me in her class. For years, I believed that my gift of writing could never come to fruition, even though I had so many ideas. However, once I started writing books and articles, it changed my confidence. Today, I reach millions of people with my words. 
   

Your gift will make room for you. – Ancient proverb
 


 

Fixing my attitude 

Creating excuses was one of my greatest obstacles. I used to blame my environment and upbringing. I allowed my circumstance to dictate my life, instead of taking control of my life. Eventually, I had to let go of these excuses and limitations. Many times, I had to submit myself into the “attitude shop,” where I would sit in my study to renew my mind and change my perspective.
   

Trusting others 
When I became emotional, I’d have to check in with my confidants, telling them the brutal truth about my situations. In the process of making myself vulnerable, I was able to gain freedom, releasing myself from false pressures and anxiety. By sharing myself with others, I was able to maximize my efforts and make major breakthroughs in my life. 
   

Taking risks 
Before reaching the 7-figure mark, you must take many risks. Taking risks requires much faith in yourself and others, but it must be done. Faith is knowing that what you want will eventually happen as long as you believe it. You’ll have to take major leaps in your life, sometimes not even knowing where it will lead. However, it will pay off once you get to the other side, even if you burn a bridge or two in the process.
   

Showing up (on time) 
If I showed up, I would come in “fashionably late.” However, I realized I had to stop this behavior once I missed an international flight. That day, I sat in the airport and looked at my watch: I was only 2 minutes late. After facing that great disappointment, I vowed to be early for the rest of my life. I’ve kept true to that promise.
   

Becoming professional 
There’s a great difference between an amateur and a professional. In my amateur days, I would design my own websites, cut my own hair, and change my own oil in my car. All of this would take up valuable time and effort, causing major frustration in the process. 
 

Nowadays, I leave these duties to the professionals since that’s what they do best. This way, I maximize all of my talents, which allows me to reach my highest potential. Today, I only keep the best people around me. It costs a little bit more, but I’ve learned the value in “paying the price.” That’s what professionals do. 
   

If you really want to do something, you’ll find a way. If you don’t, you’ll find an excuse. – Jim Rohn


 
 

Studying relentlessly 

Each year, I faithfully read more than 100 books. I also skim dozens every month. In order to become an expert, I’ve learned that amassing knowledge in my field requires at least four hours per day. Along with this, I learn from everyone I meet, studying their intent and purposes, doing my best to understand human nature.
 

Acquiring skills 
You need the skills to pay the bills. I’m always practicing my keynote. I’m writing a minimum of 3,000 words per day. I’m sending out hundreds of emails each week and making at least a dozen calls on my busiest days. Do my skills increase? Substantially. That’s why I’m continually adding more value to more people in less time.
   

Embracing opportunities 
Early on, I would travel for hours to make a “free” appearance. Time after time, this was worth it since I was learning about the world of business, shaking hands with people from all over the world. Some of my greatest opportunities came from philanthropic endeavors when I expected nothing from those I visited.
   

Declining opportunities 
With hundreds of inquiries every week, I need to constantly keep track of which ones are most important. I cannot afford to take $10,000 opportunities when $1,000,000 opportunities are available. By using great discernment, I must turn down parties, movies, award shows, speeches, and deals of all different kinds. Does it bother me? Not at all. I just pass along to those who need these opportunities.
   

Think bigger 
One of the greatest decisions I ever made was switching from consumer to producer. Here’s the difference: consumers eat the pizza, producers make the pizza; consumers watch the videos, producers make the videos. You get the point. Instead of selfishly pleasing my own desires, I sought out ways to help those who were in need.
   

Give relentlessly 
As a teenager, I naturally scoffed at people who volunteered in my community. By my early 20’s I became the biggest volunteer in town! My life was changed once I learned the value of giving my time, energy, money, and creativity to others. When you give, you get far more in return. I discovered that the richest people give the most, that’s why they get the most! The secret of living is giving. 
   

From what we get, we can make a living. What we give, however, makes a life. – Arthur Ashe


 
 

Set big, juicy goals 

You must also set goals that scare you. You must become ultra-specific when you set your big, juicy goals. In my first year of business, I shed blood, sweat, and tears to achieve these goals. I had many sleepless nights, doing whatever it took to get the job done. Today, I’ve achieve far more than I would have imagined for myself.
   

Following your purpose 
I was deeply enlightened when I learned this fact: when you become bigger than your purpose, you can’t do anything. However, when your purpose becomes bigger than you, anything is possible. This means that if you take part in a purpose greater than yourself, you can achieve every goal you put your mind to!
 

Let me simplify how you can become a millionaire in under five years: be true to yourself. Only take opportunities that allow you the greatest chance to promote explosive growth in your life. Usually, it’s by taking a sales position or starting your own business. If you have the desire and potential to make it happen, you can become a millionaire before you know it!

See original post here

P.S. – Are you living your dreams? Or just living your life? Most people settle down for the life that they can only pay for rather than the life they truly want. It’s because they lack the money to buy theirs and the time to enjoy them. We only live once and we should live our lives to the fullest! Wouldn’t it be better if you can live the dream life you’ve been wishing for rather than settling for what you can afford right now?

Right this moment as you read this shared content, someone far less qualified than you is living your dream life. All because they didn’t just talk about wanting it. They took action. What action could you take right now that would move you closer to your dreams?

Do you want to get rich?

If yes is your answer then I’m going to share with you this 66-page e-book titled “HOW TO GET RICH WITHOUT WINNING THE LOTTERY”

Just click or tap the book cover shown below and GET FREE INSTANT ACCESS!
 Click here for FREE ebook copy 

 Are you living your dreams? Or just  living your life?

Your Friend To Abundance,


Ar.Jeremy, Architect and Entrepreneur

Follow me on IG @archjeremy

Standard
Financial Education

6 ‘must’ things to have by 40

Nearing 40 and have nothing yet to speak of? Put your finances in order—now!

Twenty-somethings have the time and strength but not enough money to buy and do things they want. Retirees can have enough money, but have the least time and strength.

Thus they say “life begins at 40.” It is true in a sense that most people should be stable, ideally, in all aspects of their life when they turn 40—the “prime” stage in a person’s life.

It is when you are 40 when you can do and be in your greatest potential—and at least, have already achieved the following:

1. Property

  

When you reach 40, society expects you to be living on your own and having a family. If you get married at around 25, the first thing that you should consider before or right after your wedding is acquiring your own home. If you availed a home loan, you should be fully paid or nearing it by today.

2. Good credit score
  

Your life will be stressful when you are still paying debt at 40. Considering that as you age, more responsibilities are coming your way—wedding bills, birth, education, emergency fund, and so on. If you do not pay your debts early on, it will be harder for you to pay for it as you go along with your life.

3. Stable cash flow
  

By the time you’re 40, you should not be in a situation wherein you are clueless on where to get money for what. You should have the budget for everything and it is clear to you where will you get it. Proper financial management takes time and discipline to master, and by this time, you should have mastered it after years.

4. Investment
  

Following stable cash flow is your financial ability to invest. Investing is great because you let your money work for you instead of putting it in your bank, which only earns little in interest. Stocks, mutual fund, and bonds are some investment options available.

5. Insurance
  

Life is unpredictable. You get sick, you get hospitalized, and you die. You do not want to stress yourself further on collecting money for such unfortunate incidents. If you are insured, you can save time and money while saving you from unnecessary stress.

6. Retirement fund
  

The misconception about retirement fund is that you should have it when you are old. But there is a difference when you want it that way or you really need to work as long as you have the strength to do so. If you build your retirement fund early, you will have that freedom to stop when you want to.

Do not wait until you are 40 before considering to prepare for these things. While you still have the time, strength, and opportunity to work on building the life you want for you and your loved ones, maximize what you have today so you will have a comfortable life after 40 and beyond.
Seee original post here.

P.S. – Are you living your dreams? Or just living your life? Most people settle down for the life that they can only pay for rather than the life they truly want. It’s because they lack the money to buy theirs and the time to enjoy them. We only live once and we should live our lives to the fullest! Wouldn’t it be better if you can live the dream life you’ve been wishing for rather than settling for what you can afford right now?

Right this moment as you read this shared content, someone far less qualified than you is living your dream life. All because they didn’t just talk about wanting it. They took action. What action could you take right now that would move you closer to your dreams?

Do you want to get rich?

If yes is your answer then I’m going to share with you this 66-page e-book titled “HOW TO GET RICH WITHOUT WINNING THE LOTTERY”

Just click or tap the book cover shown below and GET FREE INSTANT ACCESS!
 Click here for FREE ebook copy 

 Are you living your dreams? Or just  living your life?

Your Friend To Abundance,


Ar.Jeremy, Architect and Entrepreneur

Follow me on IG @archjeremy

Standard
Financial Education

Discover Your Fulfillment Curve to Avoid Overspending

“How many times do you travel in a year?” a friend asks.

“A lot due to speaking invitations and conventions, but if you’re asking about vacation travel then that would be 2-3 times a year,” I replied.

“Isn’t that few? You can afford to go on more,” he inquired.

“Because that’s the peak of my fulfillment curve when it comes to traveling for pure pleasure,” I answered.

“Fulfillment curve?” he asks.

“Yes, are you familiar with the term?”

“I have an idea. But what is it?”

“The fulfillment curve is a concept, which states that there’s a certain quantity for anything at which we can get the most satisfaction; more than that, the fulfillment then gradually decreases,” I explained.

The Fulfillment Curve   

Think about your favorite dessert and ask yourself, would you want to have that after every meal for one whole year?

I know the impulse would be to say “Yes” but honestly, do you think that would be a good idea?

My favorite dessert is McDonald’s caramel sundae; and since there’s always a McDonald’s nearby wherever I go, I can actually afford to have it as much as I want to.

However, I’ve discovered that my fulfillment curve peak for it is just once every 3 weeks – anything more than that and the experience isn’t as satisfying, plus I start to feel guilty for eating such an “unhealthy” dessert.

As another example, I have a friend who loves reading books and before, he could only afford to buy a novel once a month.

However, he could finish a novel in just a week so when his budget allowed it, he’d buy another one.
Today, his salary allows him to buy as much as 5-7 books a month, and that’s what he did for a few months, and doing so disrupted his reading habit.

Instead of starting and finishing a single novel, he’d read several books at once, jumping from one story to another when the plot gets boring.

A couple of months later, unopened novels began stacking in his bookshelf, and he started to feel guilty for not having the time to read them.

Until one day, he decided not to buy any more books until he could finish everything and slowly, his reading habit normalized and his guilt subsided.

This was the time when he discovered that his fulfillment curve peak is 3 books per month – and even if he could afford to buy more, he doesn’t because he knows that spending more won’t make him happier.

Work, Money, and Fulfillment

We work so we can earn money, which we can use to survive, experience comfort, and afford luxuries.

Work requires our time and energy – the two things we have that we give, in exchange for money.

Our time and energy are precious non-tangible assets, so it’s only right to use the money we earned from work on things that will give us the most fulfillment. And as we’ve discovered today, buying more of the things we want doesn’t mean it will be more fulfilling.

The challenge for us is to determine that sweet spot where it is enough – the point where having more tips us towards overconsumption and less satisfaction.

So I hope you learned something good today in this post. I first came across the concept of the fulfillment curve in the book, “Your Money or Your Life” by Vicki Robin, Joe Dominguez, and Monique Tilford; I recommend reading this book for everyone.

See original post here.

P.S. – Are you living your dreams? Or just living your life? Most people settle down for the life that they can only pay for rather than the life they truly want. It’s because they lack the money to buy theirs and the time to enjoy them. We only live once and we should live our lives to the fullest! Wouldn’t it be better if you can live the dream life you’ve been wishing for rather than settling for what you can afford right now?

Right this moment as you read this shared content, someone far less qualified than you is living your dream life. All because they didn’t just talk about wanting it. They took action. What action could you take right now that would move you closer to your dreams?

Do you want to get rich?

If yes is your answer then I’m going to share with you this 66-page e-book titled “HOW TO GET RICH WITHOUT WINNING THE LOTTERY”

Just click or tap the book cover shown below and GET FREE INSTANT ACCESS!
 Click here for FREE ebook copy 

 Are you living your dreams? Or just  living your life?

Your Friend To Abundance,


Ar.Jeremy, Architect and Entrepreneur

Follow me on IG @archjeremy

Standard
Financial Education

“Saving money is not enough… “-‘Rich Dad, Poor Dad’ author says

  
For acclaimed business guru Robert Kiyosaki, saving money is not an effective way of building one’s wealth, for its monetary value depreciates with time due to rapid printing.

“There’s a million ways you can make a million dollars. You gotta find a way that works best for you, that suits your conscience. I love real estate. I love owning big buildings. I love golf courses. I love hotels,” he said in an interview on ANC’s Headstart on Tuesday (December 1, 2015).

“I went to school to study oil so I own oil wells. I study a lot, but I hated school, though. But I study things that make me rich and most people study things to get a job. There’s a very big difference,” Kiyosaki said.

Financial literacy, and not basic education, will also help one achieve wealth, said Kiyosaki.

The ‘Rich Dad, Poor Dad’ author said learning the basics of finance and understanding how the economic system — including taxes and debt — works can jump-start a person’s journey to financial success.

“It starts with education. It starts with words,” he said.

“You have to understand a financial statement, income, expense, assets and liabilities. The average person doesn’t have an idea what a financial statement is,” he added.

Author “Rich Dad, Poor Dad,” Kiyosaki is credited for producing an all-time personal finance book where he shared his views and knowledge on the nitty-gritty of earning one’s desired wealth.

Drawing from his experience as a successful entrepreneur, Kiyosaki noted that low financial literacy among the middle class and the poor is the most common reason why they don’t get rich.

“When I was a little boy, I made a decision to be a rich man. Most people just want to be middle class. Unfortunately, due to the financial system of the United States and the world today, if you’re middle class, you are falling behind,” he said.

“So if you look at the big middle class even here in Manila, they want high-paying job, they want nice house, and nice car. And that’s why they are poor because they don’t know anything about money,” he added.

Kiyosaki said the education system in the United States is also at fault.

“Our schools don’t teach it because the US government dictates what schools are allowed to teach. So our educational system is controlled by the very people that control our monetary system, and our banks, and all our sort of stuff,” he said.

“So that’s why when I raised my hand when I was nine years old, I said, how come we don’t learn about money? The teacher said, we don’t teach you about money. That is not a mistake. That is part of what some people may call conspiracy of the rich,” Kiyosaki said

“It is not accident we don’t teach people about money because that way we can steal your money. Not me but by the government,” he added.

See original post here.

P.S. – Are you living your dreams? Or just living your life? Most people settle down for the life that they can only pay for rather than the life they truly want. It’s because they lack the money to buy theirs and the time to enjoy them. We only live once and we should live our lives to the fullest! Wouldn’t it be better if you can live the dream life you’ve been wishing for rather than settling for what you can afford right now?

Right this moment as you read this shared content, someone far less qualified than you is living your dream life. All because they didn’t just talk about wanting it. They took action. What action could you take right now that would move you closer to your dreams?

Do you want to get rich?

If yes is your answer then I’m going to share with you this 66-page e-book titled “HOW TO GET RICH WITHOUT WINNING THE LOTTERY”

Just click or tap the book cover shown below and GET FREE INSTANT ACCESS!
 Click here for FREE ebook copy 

 Are you living your dreams? Or just  living your life?

Your Friend To Abundance,


Ar.Jeremy, Architect and Entrepreneur

Follow me on IG @archjeremy

Standard
Financial Education

Why Filipinos Miserably Fail Financially

According to the Philippine government, there are 12 million poor Filipino families earning Php200 below, with that average income the family is living only with canned sardines and rice as their daily consumption while their kids are left out to the streets due to lack of financial means to send them to school.

As the government beef up its support for the Pantawid Pamilya Program(PPP) to alleviate millions of Filipinos out of poverty, PPP is a government platform where poor families receive monthly allowances from the government in exchange of pre-conditioned settlement such as basic educational attainment for their children and healthcare provisions for pregnant mothers.

Many of us often asked, what is the root cause why Filipinos miserably fail financially which limits them of attaining better lives, and here are some of them;

  Educationally and Financially Illiterate



Education is the basic foundation of learning things in life in general, many Filipinos lack the persistence to educate themselves. We live in a society where neighborhood gossip’s and showbiz brouhaha is more prevalent than topics concerning the improvement of humanity per se. With lack of education and the laziness to learn things, typically some people end up begging in the streets. Education is a tool dedicated to sharpen and increase our chances to succeed in life, education is not only found on the corridors of universities, education is written on books, magazines, newspapers, and the best among them is Google! Good information is only a click away. Read and digest every information you could grasp.

One major problem concerning this is that Filipinos in general are financially illiterate, we basically hate math and numbers but when money comes to the table, we could see all those evil smiles ready to spend that money down to the last cent. Majority of Filipinos never even knew the basic trades of handling money wisely and intelligently like what Fil-Chinese millionaires are doing – much even worse is how Filipinos love to spend their money on shopping things that they don’t basically need while SM mogul Henry Sy saves every single cent he could get out of the loose change from Filipino shoppers. With those loose change alone Mr. Sy is earning millions already.

Filipinos are not keen on learning the basic knowledge of wealth managing strategies, we never even knew what’s a stock or mutual funds are for. Sadly, people are left out with the old tradition of “Piggy or bamboo bank” strategy just waiting for a disaster to break it open. Financial education is very important, it is a testament on how skillful you are on handling 1 peso to 1 million and money is a very important thing, a person who says that money is not important is surely doesn’t even have an ATM. Start educating yourself on how to grow more money out of your money.

Shaquille O’neal once said; “Is not how much money you have but how educated you are to keep and grow it”,

  Come What May Mindset


Filipinos have this mentally that is widely known for “Bahala na or come what may”. It is a mindset which connotes disaster in the making. We like to tend things to fend for themselves. It’s like saying to a problem that you have to solve your own while I’m just going to sit here and watch.

This mentality is frequently the mindset of irresponsible people who decide to raise a family without planning wisely or budgeting finances realistically. This is evident in most households wherein an extended family is common among Filipinos. In this setup we find teenage parents who entrust the care of their children to the grandparents. For people who are often a burden to their families or to society, they make the “bahala na” mentality as an excuse to do nothing out of contentment to their situation.

  
Big Spender Today, Beggar Tomorrow



One bad side that we have is that we are generally big spenders when we have the money in our hands. We like to show off with people that we are capable of buying things to satisfy our ego. We buy the latest mobile phones with the money that we don’t have. We take vacations on the money we borrowed on that Indian loan shark(5-6).
This is also one of the common traits I could see to returning OFW’s. They work so hard, save so hard but once they are home in the Philippines, it’s a party every single day. They take their family and extended family to shop and dine on malls. I’m not against with this but you spent 2-3 years working abroad just to save every bit of money then when you are home you’ll most likely spend half of your savings just on celebrations alone. Keep the money, save and invest it wisely because everyone is capable also of working abroad such as your extended family too. Why take all the burden?

I once read about a Fil-Chinese billionaire who gave an advice to his kids; “Don’t follow what Filipinos are doing when they get their salaries, they go to shopping malls to buy things they don’t basically need or they would indulge themselves on drinking marathons then the next day they are borrowing money to put food on the table”.

Well, that sums up everything. We are a very workaholic people and all, just to earn good money but the core problem is the way we approach and think on how we manage our finances. Let us follow what are the rich Fil-Chinese are doing and that is delay gratification. Don’t buy your wants for now but rather focus on the basic needs such as food, education and healthcare then save as much as money as you can down to the last cent then invest it to a good business you are passionate about or you might as want ask a legitimate financial advisor to educate you on the different levels of safe and risky investments.

  Remember financial knowledge is power.

See original post here.

P.S. – Are you living your dreams? Or just living your life? Most people settle down for the life that they can only pay for rather than the life they truly want. It’s because they lack the money to buy theirs and the time to enjoy them. We only live once and we should live our lives to the fullest! Wouldn’t it be better if you can live the dream life you’ve been wishing for rather than settling for what you can afford right now?

Right this moment as you read this shared content, someone far less qualified than you is living your dream life. All because they didn’t just talk about wanting it. They took action. What action could you take right now that would move you closer to your dreams?

Do you want to get rich?

If yes is your answer then I’m going to share with you this 66-page e-book titled “HOW TO GET RICH WITHOUT WINNING THE LOTTERY”

Just click or tap the book cover shown below and GET FREE INSTANT ACCESS!
 Click here for FREE ebook copy 

 Are you living your dreams? Or just  living your life?

Your Friend To Abundance,


Ar.Jeremy, Architect and Entrepreneur

Follow me on IG @archjeremy

Standard
Financial Education

How to Become a Millionaire by Age 33

How to Become a Millionaire by Age 30 

By: GRANT CARDONE, International Sales Expert

Getting rich and becoming a millionaire is a taboo topic. Saying it can be done by the age of 30 seems like a fantasy.

It shouldn’t be taboo and it is possible. At the age of 21, I got out of college, broke and in debt, and by the time I was 30, I was a millionaire.

Here are the 10 steps that will guarantee you will become a millionaire by 30.

1. Follow the money. In today’s economic environment you cannot save your way to millionaire status. The first step is to focus on increasing your income in increments and repeating that. My income was $3,000 a month and nine years later it was $20,000 a month. Start following the money and it will force you to control revenue and see opportunities.

2. Don’t show off — show up! I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy.

3. Save to invest, don’t save to save. The only reason to save money is to invest it. Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase income). To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.

4. Avoid debt that doesn’t pay you. Make it a rule that you never use debt that won’t make you money. I borrowed money for a car only because I knew it could increase my income. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.

5. Treat money like a jealous lover. Millions wish for financial freedom, but only those that make it a priority have millions. To get rich and stay rich you will have to make it a priority. Money is like a jealous lover. Ignore it and it will ignore you, or worse, it will leave you for someone who makes it a priority.

6. Money doesn’t sleep. Money doesn’t know about clocks, schedules or holidays, and you shouldn’t either. Money loves people that have a great work ethic. When I was 26 years old, I was in retail and the store I worked at closed at 7 p.m. Most times you could find me there at 11 p.m. making an extra sale. Never try to be the smartest or luckiest person — just make sure you outwork everyone.

7. Poor makes no sense. I have been poor, and it sucks. I have had just enough and that sucks almost as bad. Eliminate any and all ideas that being poor is somehow OK. Bill Gates has said, “If you’re born poor, it’s not your mistake. But if you die poor, it is your mistake.

8. Get a millionaire mentor. Most of us were brought up middle class or poor and then hold ourselves to the limits and ideas of that group. I have been studying millionaires to duplicate what they did. Get your own personal millionaire mentor and study them. Most rich people are extremely generous with their knowledge and their resources.

9. Get your money to do the heavy lifting. Investing is the Holy Grail in becoming a millionaire and you should make more money off your investments than your work. If you don’t have surplus money you won’t make investments. The second company I started required a $50,000 investment. That company has paid me back that $50,000 every month for the last 10 years. My third investment was in real estate, where I started with $350,000, a large part of my net worth at the time. I still own that property today and it continues to provide me with income. Investing is the only reason to do the other steps, and your money must work for you and do your heavy lifting.

10. Shoot for $10 million, not $1 million. The single biggest financial mistake I’ve made was not thinking big enough. I encourage you to go for more than a million. There is no shortage of money on this planet, only a shortage of people thinking big enough.

Apply these 10 steps and they will make you rich. Steer clear of people that suggest your financial dreams are born of greed. Avoid get-rich-quick schemes, be ethical, never give up, and once you make it, be willing to help others get there too.

Original post here.

P.S. – Are you living your dreams? Or just living your life? Most people settle down for the life that they can only pay for rather than the life they truly want. It’s because they lack the money to buy theirs and the time to enjoy them. We only live once and we should live our lives to the fullest! Wouldn’t it be better if you can live the dream life you’ve been wishing for rather than settling for what you can afford right now?
Right this moment as you read this shared content, someone far less qualified than you is living your dream life. All because they didn’t just talk about wanting it. They took action. What action could you take right now that would move you closer to your dreams?

Do you want to get rich?

If yes is your answer then I’m going to share with you this 66-page e-book titled “HOW TO GET RICH WITHOUT WINNING THE LOTTERY”

Just click or tap the book cover shown below and GET FREE INSTANT ACCESS!
 Click here for FREE ebook copy 

 Are you living your dreams? Or just  living your life?

Your Friend To Abundance,


Ar.Jeremy, Architect and Entrepreneur

Follow me on IG @archjeremy

Standard