i’ve now completed and profited from 2 real estated deals!

i heard they’re holding another one on nov 22. just try googling think rich pinoy for details.

go girl power!

Do not just “hope” but believe as you act with a burning desire that you can retire and live a comfortable life. It’s a matter of having the right mindset, commitment and action.

From someone who has “no Real Estate experience”, I am now part of the 2020 Pinoy Millionaires Mission. I’m one of the pinoys being mentored. I had been doing Real Estate entrepreneurship for a year and had acquired and sold properties, even with no or little money out. I had also known about financial literacy and/or responsibility, which is very important as Noemi mentioned, and am doing my best to put it into action.

To first, help you have the right mindset, feed your soul with The 33 Amazing Laws of Success and Prosperity. Attend the seminar and get also 6 FREE Best-selling Audio and Video Success-Motivation CD’s to reinforce your learnings even after the seminar. Seminar Fee is only 2,000.00. Visit http://33amazinglaws.blogspot.com for more info.

God bless and prosper us all!

I am an OFW who is struggling to save and hoping that one day can retire and live a comfortable life (matagal pa ata yun, 27 pa lang po ako)…

Hope you share some finance/business/money tips sa mga tulad ko na gustong yumaman…

Thank you po!

Before anyone dreams or mag-ambisyon maging rich, dapat:

Maging “financially literate” muna. Being “financially literate” does not mean that one must go to business schools get MBA or doctorate degrees. It simply means that one must know the basics. The most basic thing is to know what is an asset and a liability (one way to have a grasp on the key financial matters sa ating buhay para we are fit to use and manage money).

asset in simple term means anything or something that brings money to the pocket. Liability on the other hand is anything or something that brings money out of the pocket.

knowing these two simple things (that most people ignored or taken for granted kaya di yumayaman or financially insecured – work dependent income), one can make a great decision on what to make with whatever money one may have to create more money.

So instead of buying liabilities, you now buy assets (assets must always pay for liabilities).

Another thing is to save, save, save and save. How to save? Change the old formula from Income less expenses equals savings to income less savings equals expenses (ito ang mathematical formula ng sinasabi nila na live within your means).

and the most important, dapat one must learn to make money work for you instead of you working for the money (sabi kasi ng mga parents at outdated educational system: study hard, be the best, take mba, doctorate degree and work for them.ha ha ha).

I agree with the 10 reasons, although I’d have to add two more (although they are in support of some of your reasons). One is that you should also learn to spend within your means. You can’t spend with what you don’t have. As simple as that. And yes, it may be true that it’s easier said than done for those in the lower class. But never true that it has never been done. There’s always a way to make more money.

Second is that you should try to pay off all your debts esp. those that are interest bearing (like credit cards). That is unless you are using other people’s money (ex. the bank) to make more money than the interest, then why not. But generally, banks have a high interest so the best bet is to pay off your credit cards in full.

I totally agree with you that it doesn’t matter how much we make or made, but rather how we treat money. It’s not the government’s fault. It is a factor… but not a reason, nor an excuse that we are not taking care of our money.

Bloghop.

The poverty issue has long been a problem even many years ago before Marcos was booted out. The economic policy to start with is weak. It stressed on industrialization instead of promoting our agricultural products.

Removing Arroyo alone is not the solution. It’s the total rehab of the economic policy. Sustainability should start in the provinces.

Spending less than you earn, and saving/investing is only applicable to a small portion of the Philippines upper middle class.

For the majority of middle class, poor and very poor population of our country, the daily struggle to put food on the table is a reality.

The Arroyo government has ignored reality like this, denying for example a large portion a way to curb the population. She never did have the guts to stand up to the church lobbyist.

Contrary to what Arroyo said about our economy getting better, there is a strong correlation between overpopulation and poverty. Common economic sense tells us that when resource is limited, increasing the population will shrink the resource.

Take a scenario where your lunch consists of one fish. The only problem is you are about share this single piece of fish with 100 people everyday. What effect would this entail? Majority of the 100 people would starve.

Now imagine this 100 people, have 5 children each, and you would have a catastrophic situation wherein crimes would go up, education of the children would suffer, health care would be virtually nonexistent. Street beggars, destitution, slum houses would be common. A.k.a. Philippines.

Our already overburdened resources and facilities, cannot match the overflowing population. This is why we have so many OFWs to bring in an influx of resources from the OUTSIDE.

Arroyo is weak, lacking any real leadership. Despite pressures from women’s group, population control advocates, economists, and job-creating tycoons, she doesn’t have the leadership guts to say no to church lobbyist. Pander, pander, pander.