Well I've been quite busy, really. And I'm really having a hard time updating my blog as often as I could (or is it should?). I've been writing left and right for a while and I've an upcoming article coming out again on a broadsheet. I hope people like it.
Where I left off from my previous topic was why I call it PISS, particularly why it's called PRIMARY.
Do you remember my crude diagram, the three circles that show:
Investments
Business
Job
Where do you source 90% of your income for expenditures? Most probably it's your job. Like I said, I don't want to put a price tag on a person, but let's view yourself as a business enterprise.
Let's call you, You, Incorporated.
You, Incorporated has goals and plans. Two plans actually, Plan A and Plan B.
Plan A : Get rich
Plan B : Die trying
Just kidding. Let's go back. As I was saying, You, Incorporated, like any corporation out there, has a vision, a mission and a set of goals you make to reach that vision. Most people don't look at their lives this way. It helps to view ourselves as an enterprise that is making money, spending money, and trying to make money grow.
There are many hindrances to making a vision. One factor I think that strongly influences us is the negative and self-defeating mottoes we carry with us all our lives. Choose any or all that apply:
a. "Cross the bridge when we get there." (Sure, and find out there's nothing on the other side)
b. "The problem will sort itself out." (Not before it kills you first)
c. "I have a fall-back plan - my parents!" (And use up their funds for their own retirement then
later ask you for allowance. It's a vicious cycle)
And the ultimate, most common self-defeating motto is
d. "God will provide." (If He did, then we'd all be rich. Whatever happened
to "Teach a man to fish?")
Folks, this is a VISION. For a VISION to BE a VISION, you have to set a lofty yet realistic one.
When we say lofty, we don't mean, "I want to be president someday". Be more specific. President of what?
If that is your vision. What will you do with that position?
When you have answered that question. What are the steps to take so that you get to that position?
We'll create You, Inc. then see how PISS will affect the success or failure of this enterprise. Let's face it - you, me, all of us - we're money machines. It's the amount of money you make that sets each other apart.
**** FROM THE CROSSFIRE ****
From time to time, I'll have short blurbs like this one where I make an editorial piece to comment on various things unrelated to the topic.
Thank you to all the readers out there who patiently drop by my blog every so often. I have not yet returned the favor to you guys, but once I've straightened out my schedule, I will visit your blogs. I would love to hear from anonymous readers too. I don't know how I can hear from them, since they probably will remain anonymous hehe.
Do email me also, I reply :-)
3 comments:
continue your blog, it really helps getting information such as this.......
Just wanna comment regarding primary incomes of most Filipinos
I think the major reason why most Filipinos tend to cling to their job even though they really really hate it is because they don't have other sources of income (well maybe they do have a TD or savings account..but both accounts have very LOW rates)
One should always diversify..or in the words of Warren Buffet..a "concentrated portfolio". Most wealthy people always have many sources of income. You may think that they only have one business because that's what the media is telling us. In reality, they have different businesses, investments or even real estate.
I really believe that nowadays, it's very dangerous to just cling on one source of income. You may never know when that source will stop giving you money.
Thank you anonymous and barry for leaving your comments. I love comments so keep them coming!
barry, you are very right. We need not look farther than our local taipans. Henry Sy used to just be a mall magnate, now he has diversified into banking, residential real estate, even tourism.
of note also is John Gokongwei, where they have one of the most diversified businesses locally.
even San Miguel Corp is venturing into industries outside its core competencies.
with the growth of mutual funds, there is now a new avenue for people to grow money.
another factor why most Pinoys cling to one job is because they have to. my benchmark are the people who work as salesladies, etc. they work for measly salaries because they are most probably the breadwinner of their family. they can't find time to get another source of income because they're tied to their family duties.
there's a plethora of reasons, and one solution is the one you've put forth, which is to learn to diversify, and to become more of a risk taking culture,and venture out of being spoon-fed with bank deposits and time deposits.
Post a Comment