Saturday, November 7, 2009

The 3 Principles of Success, according to Cameron Johnson

Cameron Johnson, a young entrepreneur who started his first business when he was nine with $50 and a home computer. Before he turned twenty-one he had started twelve successful businesses and was offered $10 million in venture capital to grow his hot Web company He has never taken out a loan or racked up any debt, and every one of his businesses has been highly profitable — so profitable that he made his first million before graduating from high school, and he's put away enough cash so that he could retire today.

Principle #1: Believe in yourself

I was fortunate to learn very early on the key principle that all successful entrepreneurs need to know: First, you have to believe in yourself.

It's actually not that difficult to succeed. It's much more common sense than rocket science. But it starts with finding the courage to put yourself out there.

Believing in yourself is what gives you the confidence and resilience to deal with the rejections and doubts. It drives you to do the best job you can, no matter what you’re doing.

Over time, I've learned to trust my instincts — and that's crucial. You can learn all kinds of things from other people, but ultimately it's your own instincts that you'll need to rely on. The bottom line of your business is you.

Whether you are selling door-to-door, on the phone, through an infomercial, or on a website, ultimately the venue doesn't matter. All of these methods work. First and foremost, you must be able to sell yourself. People don't buy your product or service only because they like it or want it; they also buy it because they like you. If they don't like you, then in many cases it doesn't matter how much they like the product you're selling, they won’t buy it.

If you put yourself out there with confidence, you'll find that most people respect you and respond well to you, whether or not they want what you're selling.

Principle #2: Believe in what you are selling

Believing in yourself leads naturally to a second principle: You have to believe in what you’re selling.

People sometimes think of selling as the art of being pushy, crafty or even manipulative. In fact, it's exactly the opposite. The best salespeople focus on asking questions and listening, not pushing.

I don't believe in high-pressure selling. High pressure is what people use when they're selling something nobody wants, or charging far more than their product is worth. There's a difference between being persuasive and applying pressure. I'm persuasive when I'm selling, but that's because I truly believe in what I'm selling and the value it will create for my customer. My feeling is, I'd be doing my customers a disservice if I let them not buy my product.

The best salespeople are so dedicated to giving customers what they want that they are willing to be as rigorous, patient, and dedicated as it takes to make the sale. They don't give up easily because they believe in what they're doing.

I'm always genuinely fascinated to know why people wouldn't want what I'm selling. If you're not passionate about the product or service you're offering, how could you possibly approach people with genuine confidence? Make sure you're proud of what you sell and the value it creates in people's lives, and you'll instantly become a better entrepreneur.

Principle #3: Treat other people with respect

Believing in yourself also leads to a third success principle: When you respect yourself, treating other people with respect comes naturally. Treating other people with great respect is one of the most powerful secrets of business success. Keep doing that over time with everyone you encounter, and you'll find that people are consistently receptive to you and to your products, services, and ideas. Any fears and doubts you have will start to melt away.

And then you won't hesitate to go ahead and ask for the sale.


Top 10 Richest People in the Philippines – 2009

2009 List of Richest Filipinos

1. Henry Sy

Networth: $3.8 billion
Age: 84
Marital Status: Married, 6 children

Stock price of his SM Investments has almost doubled since December low. Group, with interests in malls, retail, property, posted 14% increase in net income in first half of 2009. Daughter Teresita Sy-Coson runs its Banco de Oro Unibank, country’s largest bank by assets, which signed deal in May to acquire GE Capital’s Philippines banking arm in exchange for strategic investment from the U.S. company; deal expected to close this month. Sy, who got start selling shoes, shares fortune with wife and children.

2009 List of Richest Filipinos

2. Lucio Tan

Networth: $1.7 billion
Age: 75
Marital Status: Married, 6 children

His Philippine National Bank received regulatory approval to buy 38% of China’s Allied Commercial Bank in August. Former electrical engineer’s other holdings include Fortune Tobacco, Asia Brewery, Philippine Airlines and Hong Kong properties. Government case against Tan for allegedly holding assets for the late Ferdinand Marcos has dragged on for 22 years. Some of his fortune still sequestered as part of the long-running investigation.

2009 List of Richest Filipinos

3. Jaime Zobel de Ayala

Networth: $1.2 billion
Age: 75
Marital Status: Married, 7 children

Chairman emeritus of family’s Ayala Corp., one of the country’s largest conglomerates, which celebrated its 175th birthday this year. Eldest son, Jaime II, replaced his dad as chairman more than a decade ago; son Ferdinando is vice-chairman. Family’s shares now in his children’s hands.

2009 List of Richest Filipinos

4. Andrew Tan

Networth: $850 million
Age: 57
Marital Status: Married, 4 children

His holding company, Alliance Global Group, reported jump in first-quarter earnings thanks in part to strong food, beverage businesses (he owns the Philippines’ McDonald’s franchise) and improving real estate sales. Resort World Manila, his $1.35 billion casino joint venture with Malaysia’s Star Cruises, opened last month. Son of a factory worker made his first fortune in brandy, and later in property development through Megaworld

2009 List of Richest Filipinos

5. John Gokongwei

Networth: $720 million
Age: 82
Marital Status: Married, 6 children

Shares of his conglomerate JG Summit — which has interests in airlines, telecoms, power, banking and real estate — are up more than 300% since last December’s low. Also owns Robinsons retail department store operations, with stores in 7 countries. Brother James Go chairs the group and son Lance is president.

2009 List of Richest Filipinos

6. Tony Tan Caktiong

Networth: $710 million
Age: 59
Marital Status: Married, 3 children

His fast-food company Jollibee Foods is expanding: it already has 1,800 locations, 9 brands in 11 countries, including popular burger joint Jollibee; plans to open another 200 this year in such countries as China, Vietnam and the U.S. Completed purchase of a congee restaurant chain in China last October. Got his start 34 years ago when he opened 2 ice cream parlors.

2009 List of Richest Filipinos

7. Eduardo Cojuangco Jr.

Networth: $660 million
Age: 74
Marital Status: Married, 4 children

Chief executive of Southeast Asia’s largest food and beverage conglomerate, San Miguel. Company has been buying up stakes in a power company, oil refiner and bank; has shown interest in buying Dole Food’s Asian assets. In July announced it is negotiating with potential investors to sell part of branded food, alcohol operations. Son Mark is a member of the Philippines’ House of Representatives.

2009 List of Richest Filipinos

8. Enrique Razon

Networth: $620 million
Age: 49
Marital Status: Married, 2 children

Was part of consortium, which also included China’s State Grid and Robert Coyiuto (No. 18), that paid $3.95 billion for National Grid Corp. of the Philippines. Runs port operator International Container Terminal Services, with operations in 10 countries; it posted one-third drop in net income for first half of year due to decline in global trade.

2009 List of Richest Filipinos

9. Manuel Villar

Networth: $530 million
Age: 59
Marital Status: Married, 3 children

Philippines Senate president, known as Manny, is a candidate in the 2010 presidential race. He is also the largest shareholder in property firms Vista Land & Lifescapes and Polar Property Holdings. Both sons are on board of Vista Land, whose stock hit 52-week high in August. Shrimp vendor’s son grew up in slum.

2009 List of Richest Filipinos

10. George Ty

Networth: $515 million
Age: 76
Marital Status: Married, 5 children

His Metrobank, the country’s second-largest lender, saw profits rise in first quarter for first time in a year. Founded bank decades ago. His son Arthur replaced him as chairman 2006. Family, which includes Ty and his children, hold 40% of the bank.

thanks for pinoymoneytalk for this info

Top Philippine Mutual Funds

1rst quarter (january - march)

It’s that time of the year again when we look at the past quarter’s performance of mutual fund companies in the Philippines.

In 2008, we saw how most mutual funds wiped out gains they earned in 2007. During the first quarter of 2009, have the funds recovered or are we seeing further declines in value?

The good news is that during the first three months of the year, most mutual funds have started to recover. Majority of the funds are now in positive territory.

However, do note that although the rate of return is a good measure of performance, other things such as consistency of return and exposure to risks must also be assessed. The past performance of a fund is also not and cannot be a guarantee of future returns.

Philippine mutual fund report from January to March 2009 below.

As of the 1st Quarter of 2009 (January to March 2009)

EQUITY FUNDS (primarily invested in Peso equity securities)

  1. Philequity Fund – 7.99%
  2. Philequity PSE Index Fund – 7.40%
  3. First Metro Save and Learn Equity Fund – 6.60%
  4. Philippine Stock Index Fund – 6.06%
  5. Philam Strategic Growth Fund – 5.73%
  6. United Fund – 4.67%
  7. Sun Life Prosperity Phil. Equity Fund – 4.55%
  8. ATR KimEng Equity Opportunity Fund – 4.36%
  9. DWS Deutsche Philippine Equity Fund – 2.92%

BALANCED FUNDS (primarily invested in Peso debt and equity securities)

  1. ALFM Growth Fund – 5.63%
  2. First Metro Save and Learn Balanced Fund Inc. – 5.22%
  3. Philam Fund, Inc. - 4.80%
  4. GSIS Mutual Fund – 4.79%
  5. MFCP Kabuhayan Fund – 3.82%
  6. Optima Balanced Fund – 3.68%
  7. Sun Life Prosperity Balanced Fund – 2.43%
  8. First Galleon Family Fund – 0.28%


  • Sun Life Prosperity Dollar Advantage Fund – 5.70%

BOND FUNDS (primarily invested in Peso debt securities)

  1. Prudentialife Fixed Income Fund – 2.61%
  2. Cocolife Fixed Income Fund – 2.57%
  3. Sun Life Prosperity GS Fund – 2.06%
  4. Sun Life Prosperity Bond Fund – 1.60%
  5. Philam Bond Fund – 1.45%
  6. ALFM Peso Bond Fund – 1.32%
  7. First Metro Save and Learn Fixed Income Fund – 0.76%
  8. Philequity Peso Bond Fund – 0.47%
  9. DWS Deutsche Philippine Fixed Income Fund - 0.38%
  10. Ekklesia Mutual Fund – No data


  1. MAA Privilege Euro Fixed Income Fund – 8.84%
  2. Grepalife Dollar Bond Fund – 7.82%
  3. Sun Life Prosperity Dollar Abundance Fund – 7.18%
  4. Philam Dollar Bond Fund – 6.48%
  5. Philequity Dollar Income Fund – 4.78%
  6. MAA Privilege Dollar Fixed Income Fund – 2.28%
  7. Grepalife Fixed Income Fund Corp. – 2.07%
  8. ALFM Euro Bond Fund – 1.20%
  9. ALFM Dollar Bond Fund – 1.03%
  10. AIG Global Bond Fund Phils. – (4.39%)

MONEY MARKET FUNDS (primarily invested in short-term Peso securities)

  1. Sun Life Prosperity Money Market Fund – 0.54%
  2. ATR KimEng Money Market Fund – 0.52%
  3. Philam Managed Income Fund – 0.35%

* Figures in (xxx) denote a loss. All data taken from the website of the Investment Company Association of the Philippines (

Are we headed towards recovery or is the bottom about to happen yet? We’ll find out in the coming months.


Friday, May 15, 2009


Are you willing to change your money habit and choose to work for financial abundance? According to Bo Sanchez, aspiring for financial abundance should go hand in hand with aspiring for loving and blessing others. How can you do that? Your heart bleeds to see out- of- school children staying in the streets whole day selling newspaper, candles or flowers and some are begging for money. They are suppose to be in school. How can you be of help to their future? You should build your financial assets but how when you only rely from paycheck to paycheck? How are you going to start leaving this situation? Here are the six steps to financial freedom that will give you the opportunity to help many.

1. Change Your Internal Money Programs
If you want to make any improvements in your life, change your behavior. If you want to make giant leaps in your life, change your beliefs. Take for example if you believe that you are poor and think that you'll grow old poor then it might have cause your inability to improve. The mental conditioning you nurtured has been your model and if you do not like to change you'll probably end up living in that situation all throughout your life.

Change what you believe in and change will happen in your life. Believe that you can earn more more than what you are earning right now.

2. Get out of Bad Debt
Bad debt is cause from borrowing money to buy something which doesn't put money in one's pocket. Take for example using credit card to buy an appliance and only pay the minimum amount each month is a bad debt.
How do you get out from bad debt?
  • Create a strategy and dealine - for example make a goal to pay all your debts within 2 years time. Plan on ways to achieve such goal.
  • Face your creditors - keep in touch with the creditors. Show to them that you will take responsibility. Negotiate and appeal for a restructuring of your debt. Be persistent and do not be afraid to deal with bank creditors
  • Pay high-interest loans first
  • Work for money instead of borrowing money
3. Apply the "Save First, Spend Later" Principle

4. Get Protection
Invest in insurance. It's your protection if something happens to you and you don't have passive income. Be self-insured. You have to work so that you can do this until you reach a point when you don't need insurance anymore.

5. Create Emergency and Retirement Fund

6. Create Multiple Income Streams that Give Passive Income
Economic recession we are facing right now should not make us complacent of just relying solely on our employment income. Start selling, or creating a small business; invest in mutual funds, money markets and other financial instruments. However, study first about these before getting into. Get mentor, read and attend seminars to learn more about how to increase financial assets.

Source: Bo Sanchez, Kerygma Magazine May 2009


I was browsing the net to search for successful entrepreneurs and I happened to read the posted school paper of students from Sibonga National High School. It was about the information and ideas they got from the 2-day forum on Go Negosyo (Business) Caravan at Cebu International Convention Center (CICC). It 's very inspiring to know that younger generations are enthusiastic at learning entrepreneurial skills. I am already foreseeing future business men who can provide millions of jobs for fellow Filipinos. Wow! thats one of my dream to become an employer someday rather than stay as an employee for the rest of my life.

The top ten key people whom students got the best tips for success in business were the following: Julie Gandoncio of Julie’s Bakeshop,Jack Gaisano of Metro Gaisano,Bobby Aboitiz of Aboitiz Ventures Inc., Bernie Liu of Penshoppe,Jay Aldeguer of Island Souvenirs,Michael Lhullier of MLhullier,Agusto Go of Universityof Cebu,Vivienne Tan of Entrepreneur School of Asia,LRay Villafuerte of LGD,John Gokongwei Jr. of JG Summit Holdings and Mr.Ng of Ngkai.

Although I was not able to attend the forum, the ideas that I got from the students were really valuable. Very unfortunate for me that I was not around to get the best entrepreneurial education I need but nevertheless thanks to Bronwyn of for sharing the words of wisdom their group learned from the top ten successful entrepreneurs in the Philippines.

Start reading now and read again tomorrow.

The key to success

• Dream Big.
• Take control of your own destiny.
• Be an opportunity seeker.
• Be interested in what you do.
• Entrepreneurial mind-sets make small business big and global.
• Entrepreneurship is about the balance between the heart for people, the mind of business and the spirit of creativity and innovation.
• Success is internally defined by the master entrepreneur. It does not have to be seen nor acclaimed by others. What is important to real entrepreneurs is meeting their personal goals. Not how the outside world judges them. It’s about being the best one can be… not better than the other.
• True entrepreneur’s passion makes the impossible possible.


• Before starting things like an entrepreneurial activity, we should learn the basics.
• After you learn the basics, go with your own.
• Nothing is impossible once you persevere.
• If there is opportunity, go for it!
• Pursue your aspirations.
• Determine what you want to be.
• Success comes with 99% perspiration and 1% inspiration.


• Work hard
• Pay what you can
• Environment restoration
• Expand your resources
• Put God at the center of your life
• Don’t look for things which are already in you


• Persistence- nothing not even failure could stop you
• Passion- you must really like what you are doing
• Guts- success is not for the timid
• Ambition- setting hard standards for yourself
• Ingenuity- the ability to translate your ambition into reality

Wednesday, May 13, 2009


Words of Wisdom from a very successful businessman, Xuan Nguyen
Taken from his book Moment of Truth

Ways to become a true believer of success in business

1. Know Your Belief
You can't do business without knowing where your heart and mind are. You certainly can't share to others what you don't have. You can't sell to your people what you haven't totally sold out to. You can't teach others what you don't practice.

2. Show your belief
Your belief is a transparent thing. Don't keep it inside a closed door. Declare it publicly. Tell the whole world about your business. Sell your dream to your family. Show compassion about your mission. Declare your goals to your team.

3. Act on What you Believe
Do it with enthusiasm. Lead by example. Be the most excited, the most disciplined, and the most relentless. Go out in the field and make things happen. Don't just talk. It's your time.

Tuesday, May 12, 2009


Do you wonder why some people are rich and most are poor? This topic has been talked about by teachers, philosophers, businessman and economist over the years. Why some who have nothing in the past became financially independent? What were there techniques, life rules and principles that others can imitate to become financially secure as well?

Below are Linda Overstreet's Explanation

1. Accumulation Leads to More Accumulation
The rich get richer and the poor get poorer. People who acquire money tend to accumulate more and more. People who don't accumulate money seem to lose even that little bit of money which they have

Why do this happen? The great success principle, the single idea that explains human destiny is simple. It says that, "you become what you think about, most of the time".

2. Control Your Thoughts
Your entire world is created by the things you choose to think about and how you choose to think about them. Wealthy, successful people fill their minds with thoughts, words, pictures and images of wealth, affluence, success, productivity, solutions to problems in the marketplace, most of the time. These thoughts trigger the reticular activating cortex, the part of the brain that makes you more alert and sensitive to things that you have decided are important to you.

3. Activate Your Reticular Cortex
For example, if you decide to invest in a mutual fund, you will start to see news and information about mutual funds everywhere. Mentions in newspapers and magazines will jump out at you. These notices have always been there but now you have sensitized your brain to pick them up and draw them to your attention with far greater frequency and vividness. This is the function and power of your reticular cortex

4. Avoid Poverty Thinking
What do poor people think most of the time? Usually poor people fill their minds with thoughts of scarcity, lack, poverty, being unable to afford things. They are always thinking and talking about how little money they have, how much things cost and how they wish things could be better financially.

5. Think Like Wealthy People Think
Wealthy people from an early age think about how much they have, how much they want and all the different things they can do to acquire and earn the money and things they desire.

6. Find Out How Rich People Think
Here's a rule for you. If you want to become successful, find out what failures do and don't do it. If you want to be wealthy, find out what poor people think about and avoid thinking in those ways. Instead, find out how wealthy people think. Find out what they read. Find out how they spend their time. Study their lives, read their stories and autobiographies and listen to their words when they are interviewed and on tape. The more you find out what financially successful people think and talk about most of the time and do the same things the more rapidly you will enjoy the same rewards that they do.

7. Action Exercises
Here are two things you can do to make this happen

First, make a decision today that from now on you will think and talk only about financial success that you desire. At the same time, you will refuse to talk about or dwell upon your financial problems.

Second, instead of saying, "I can't afford it," instead ask yourself, " How can I afford it? When you think of something that you want or need that you don't have the money for at the time, the only question you ask is? How can you get it? What can you do to achieve it? What are your options? How can you get from where you are to where you want to go? This type of attitude will change your live


Tuesday, January 6, 2009



Dear Friends,
As we welcome new year 2009, may our hearts be hopeful for good things to happen this year, may we increase our faith that great miracles will surprise us and may we acknowledge the Most High who can make the difference. Believe that God can change the world. Believe that great things will happen this year. If you are right now in pain, anguish and in deep financial crisis then don't worry. Remember God is greater than our problems. God will carry all our burdens. Smile and stop worrying for God loves you.

Sunday, January 4, 2009


1. Pay all debts
2. Save more money
3. Consistently tithe
4. Increase financial investments and start a business
5. Live a healthy lifestyle
6. Grow spiritually
7. Spend more time with family