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