How To Become Rich In One Week

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"You become what you repeatedly do."

Do you exercise regular and eat healthy foods daily? You become a healthy person.

We become what we repeatedly do. Let's now apply this in our topic..

You don't get overweight overnight.

You don't eat a gallon of ice cream tonight and then get obese tomorrow. You get obese by eating lots of ice cream over a period of time.

Same thing if you want to get rich, you don't get rich overnight. Unless you do illegal thing or win in a lottery.

You get rich by doing a rich man habits, you save, you invest, you avoid bad debts.You study how money works.

Success doesn't happen overnight it happens bit by bit. If you do the right things consistently over time.


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5 Helpful Apps for a More Productive Day

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“Is it going to rain tomorrow, Siri?” my husband asks. Siri answers, “It doesn’t look like it will rain tomorrow, Hester.” 

Sometimes, my husband would play with Siri and he would ask, “Siri, am I handsome?” And Siri would answer, 

“I suppose so. For a human.” Or he would ask, “What’s my name, Siri?” And she would answer in her haughtiest voice, “Hester, or that’s what you told me!” 

Siri, the Apple virtual assistant, is quite literally that—a personal assistant (well, as long as she understands your English!). She can email for you, text for you, search a place for you, and so many other things. She can even remind you of your appointment! 

Siri makes life more convenient and productive for us who use technology. In the same manner, applications (apps), which are downloadable to your iPhone or Android device, makes day-to-day life easier to manage and enables us to produce more out of it. I’d like to share with you some apps that I have found to be of great help: 

1. Todoist (https://todoist.com/). 

I personally use Todoist for my to-do list. I find it helpful as it even emails me every day on the tasks that I need to accomplish. It integrates well with Gmail as you can download an extension of Todoist in Gmail and you can input all the things you need to do the next day or the next month in your email rather than going to your phone to do it. Then when you’re on the move, you can check your mobile and the same items will be there. 

2. Evernote (https://evernote.com/). 

Evernote is so helpful because it is the all-around app for me while on the go. I see a recipe leaflet on the supermarket that I hope to use one day. I take a shot of the leaflet on Evernote, file it under my recipe category and it is there for me to return to one day when I’m about to cook. My family is going on holiday to a new place and I read up on several tourist places to see there. I just cut the passages that I like and paste it to Evernote. Then I’m good to go and I don’t have to look to the web when we are on the road. I just check my Evernote. What’s more I can also write on Evernote. I can even coordinate a project with other people through the app. 

3. Another app that I find helpful is Tiny Scanner. 

You know how it is when you need to file something and wish you have a scanner with you so you can store the document? That is exactly what Tiny Scanner does. It turns your Smartphone into a mini scanner for documents, photos, receipts and other texts then store or email them as PDF files. The good thing about this app is it gives you a choice what size you want to scale the picture you took. You can scale the scanned item into Letter, A4, Legal, A3, A5 or card size (85mm x 55mm). Once you’ve cropped the file into the size that you want, you can then store them. It is a really nifty app to have on your phone. 

4. One app that helps in making me productive while surfing the web is Pocket (https:// getpocket.com/). 

When I’m researching for an article, I save all the sites I want to read in Pocket and tag them, then when it’s time to do the actual reading, I go back to them. If you have nothing to do, you’re waiting for a ride or for your doctor, or you remember you want to check on that list of must-read books from a website, then you can just go to Pocket.

5. For me and my husband, the You Need a Budget or YNAB app (http://www.youneedabudget.com/) is something we swear to when it comes to budgeting. You pay a certain amount (USD50/year) for it, but it is so worth it. You can test it for 34 days so you can check it out. 

I have been budgeting since I was a teenager, and even went through a period when I used a columnar notebook. The good thing about the new YNAB is it is cloud-based. Wherever you are, as long as you have Internet connection, you can input your income or expense. This means you know all the time if you are over your budget or not. In YNAB, you can also set a goal for a specific category and the app will show you what percentage you are to your goal. 

The special thing about YNAB are its four simple rules: 1) Give every dollar— or peso, or whatever denomination you’re using—a job; 2) Save for a rainy day; 3) Roll with the punches; and 4) Live on last month’s income. 

YNAB really helps us keep to our weekly, monthly and yearly financial goals. 

There it is, five apps towards a more productive day! I hope one or two of these will be of help to you. For sure there are so many apps and programs out there. Use what works best for you and make the most out of your day by using them.


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Why Selling Is Important Skill

Because salesman don’t have a very good image.
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When you say “salesmen” to people, their minds automatically pull out other words such as “sleazy” and “pushy” and “sneaky” and “devious” and “lying”.

Which is sad.

Because selling is a wonderful, honorable, and beautiful service you give to humanity.

Here’s the truth: People don’t know what to buy. People NEED someone more knowledgeable to guide them on what to buy.

Once upon a time, I used to be ashamed of selling. Every time I sell, I feel awful. I’d cringe, because asking money from people is the last thing I want to do on earth. “Gosh, what will people think of me? I’m a money-grabber!”

I want to be honest with you. I still struggle with those thoughts once in awhile.

But whenever these feelings of shame come over me, I ask myself the question, “Bo, how much do you love these people?”

That question hits me like a slap on my face. It stings. It jolts me. I answer, “I love them a
lot.” My mind answers back, “If you do, then do all you can to give them the very best product that will meet their needs.”

Selling is about loving people.

If you don’t sell, you’re being selfish. You’re thinking of yourself—what other people will say—instead of serving others.

If you don’t sell, you’re depriving people out there WHO NEED YOUR PRODUCT TO SOLVE THEIR PROBLEMS.

They’re out there in the cold, crying, suffering, hungry, battered, wounded, longing, thirsty, naked… And you left them there because you’re SHY? You’re afraid that you’ll be criticized by a few people? You’re afraid that you’ll be rejected?

Stop thinking of yourself only.

Start thinking of the customer and love that person.

William Clement Stone said, “Sales are contingent upon the attitude of the salesman, not the attitude of the prospect.” What’s your attitude? 

My strong recommendation is have a LOVING ATTITUDE.


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5 Awesome Online Sideline You Can Earn Money From

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Many of us have experienced having low salary or earning minimum wage as employees at a certain point in our career. We looked for “sidelines” to augment our income to help pay the bills. 

Some sold beauty products or apparel to officemates on a hulugan (installment) payment mode. Others sold cold cuts or merienda to co-workers on a “sa sweldo mo na bayaran” (pay on salary date) agreement. I’m pretty sure each of you has a lot of good stories to tell and experiences to share. 

But since many Filipinos have become more internet and social media-savvy, it’s about time to look for more sidelines and work-from-home rakets. Here are the new hit rakets that you can try on weekends or during your free time (not during your official working hours please). 

1. Freelance Work 

The Philippines has been on top of the call center and BPO industries globally in the past few years. If you have an experience as a call center agent or as a customer support officer in these industries, you may have better edge than others who will try doing this for the first time. 

You can be employed as an online or phone customer service assistant, advisor, support, etc. while being with your loved ones at home by companies like Teletech, Apple, Convergys, Amazon, Xerox and many others. 

You can also apply via freelance websites such as Upwork (formerly Odesk), Raket.Ph, Elance, etc. as a freelance writer, salesman, virtual assistant, language teacher, accountant, etc. A whole lot of other jobs are available depending on your skills. 

2. Make Money by Blogging 

A blog is a website that uses a dynamic software platform like the free WordPress or Blogger. You need to learn first or ask someone to help you out in creating your blog or website. 

Blogging about fresh and sought-after topics can be a very lucrative way to earn extra money while being employed. I personally have some blogger friends who are earning more than when they were still employed. 

But remember, this is not a short-cut to earning big bucks. You have to invest in knowledge, resources, and time in order to earn from blogging. 

In order for you to earn from this raket you need to consider your blog as a business. You should also know your “voice,” whether you are a teacher or a student blogger. 

New bloggers should also learn the proper way of using keyword research techniques, how to get traffic, marketing methods, site optimization, promotional venues, and other components of a successful money-making blog. 

You can make money in blogging by selling products or services, direct advertising (by selling ad space or writing advertorials), or sell products for companies handled by affiliate marketing companies like Amazon Associates, Clickbank, Commission Junction, etc. 

Another effective way to make money from blogging is by joining advertising network like Google AdSense, Nuffnang, Infolinks, Revenuehits, Yahoo! Bing Ad Network, Chitika, and many others.

3. Doing Paid Surveys 

Instead of just wasting your time posting unnecessary status updates on your Facebook or social media accounts, why not become an online panelist and earn extra money online from the comforts of your home? Doing paid surveys is surely another way of earning income to pay for your needs or even wants. Some of the best survey websites that pay good cash are American Consumer Opinion, ClearVoice, My Survey, and Survey Savvy, and Esearch. 

When you register for these survey sites, they will send you survey invitations through your email together with the respective reward amount. You should then respond and complete the questionnaire. 

Many of these surveys will take only about 10 to 30 minutes of your time. Some of these survey companies also conduct surveys via telephone, SMS, and other venues that can pay you even more. 

4. Partner with Online Service Companies 

Do you have a property like a house in your beautiful province or a condo in the city that is seldom used by you or your family members? Why not have it rented out via AirBnb to other people who may want to visit the place where your property is located? You can have it rented out as little or as much as you can and as much or as little as you want. 

I can say that AirBnb is relatively safe since they offer a guarantee of $1,000,000 to protect you from any kind of property damage caused by your renters. It also has a renter rating system so you can decide whether to rent it out or not to a particular person. 

Other than that, you also earn if you invite more friends to try Airbnb or earn travel credit for each new friend you invite. You will get $25 when they travel and $75 when they host their home. 

Or maybe you have a good-running car that is seldom being used? Why not be an Uber driver or have someone you trust drive it for you around your area? A lot of people going to and from work need a lift especially during rush hours. 

However, make sure that your car is registered under your name and is insured. Also, make sure that you or your driver is at least 21 years old and has a valid driver’s license to avoid any trouble. You will also need to have an iPhone 4s or 2013 Android phone at least to be qualified. 

5. Sell Your Own Products or Services 

I’ve met a lot of people who once struggled in their lifetime as scrappy salaried-employees but have become financially-secure because of their perseverance and determination to succeed in their online businesses. 

One of my friends was once terminated by his employer for not disclosing the truth the he did not graduate from college. He redeemed himself by not becoming an employee any longer. He now continuously earns thousands by being a sales agent for real estate companies and selling condo and house units through his social media pages. 

Another former colleague also resigned from work and focused instead on selling fresh and tinapang bangus on Facebook with his wife. 

You can also sell what you think people are looking for online. Start by asking yourself what are the products or services you are looking for but are hard to find online. Are they always out of stock? Then search for suppliers of this product and be a distributor. 

You can also enhance yourself by enrolling in a course for a service that people are always looking for and offer these online. Are you a photographer? Why not sell your photos? Are you a lawyer? Financial advisor? A doctor? Why not be a paid coach online? 

Try one of these opportunities and you might be surprised by your online raket and the earning you get from it.


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How to Write a Book Even if You’re NOT a Writer

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Have you always wanted to write your own book? 

Surveys say that almost everyone dreams of writing a book. 

What’s keeping you from writing your first book? 

Maybe, you may have any or all of these excuses; 
“I’m not a writer.” 
“I don’t know how to write a book.” 
“I’m too young (or too old) to write a book.” 
“I don’t know anyone (from the publishing world).” 
“No one knows me.” 
I’m too busy to write.” 

I know where you’re coming from. I was never a writer. And I had all the excuses I mentioned above. 

Words? They didn’t have much appeal to me then. 

Writing? Oh...taxing and boring! Today, I’ve written and published over five books (mostly eBooks) and I intend to keep on writing. In the process of writing my first book, I fell in love with writing. I love writing! But that’s getting ahead of the story. 

You Can Write a Book 

My message to you is simple. 

You can write a book. 

Writing a book doesn’t require a writer. 

It requires a messenger. 

If you want to be an author, be the messenger and be the message at the same time. 

Writing is just a medium to communicate your message. In the process of writing, you become a writer. And you write not because you want to impress people with your words or your good command of the English language. 

You write to inspire. You write to touch people’s hearts. You write to move them to action. You write because you have a message to share. 

Ultimately, you write because that’s your way of making a dent in the universe, loving people, and becoming a better you. 

 Two Things That Every Aspiring Author Must Have 

I’ve learned from experience that if you want to become an author, there are two absolutely necessary things that you must have: Message and Passion. 

One, you’ve got to have a compelling message which you believe would be useful to a lot of people. You believe so much in this message that you feel like you’ll commit the sin of omission if you keep the information to yourself. 

When I started working in the corporate world, I got addicted to credit cards. At that time, I also got so bored at work that I wanted to resign. 

The sad part was my messy finances. I committed to improving my finances. I read books, attended seminars, sought mentors, and listened to audio books. I applied what I was learning and I was able to turn around my finances and zero out my credit card debts. 

I realized that a lot of yuppies and employees like me were in the same boat—overspending using credit cards and loans—and this somehow became a norm. It looked so cool to buy gadgets using credit cards, but not everyone realized that it’s not in any way cool to pay huge credit card interests. 

I knew I had a message to share, especially among fellow employees. I wanted to share how important it is to manage one’s finances, to be free from bad debts, and to invest in financial literacy. Two, you’ve got to have the passion to share the message. 

When I learned the importance of financial literacy, I was so passionate about spreading the message. I would often bring the topic on money and managing credit card debts among my friends. 

However, I realized that this was such a sensitive topic and my friends were uncomfortable discussing it. I thought of a medium where I could still communicate the message and at the same time respect my friends’ preference. So I started to write. 

The best thing about writing is that you don’t force anyone to listen to you. You write and publish. And people will choose whether to read it or not. 

At first, I just wrote for myself. I just wanted to release the message. Then I started blogging. Finally, in one of the seminars I attended, an idea of writing a book came to mind and that propelled me to start my journey as an author. 

Your passion to share the message will fuel you to keep writing. Keep writing to bless and love people. There’s a big difference between wanting to write and committing to write. When you are committed, you allow your passion to take over your fears and excuses. 

Five Steps to Writing a Book 

First, pick a topic. 

The topic should be something that you are passionate about, that would give value to your readers and that you are knowledgeable of or you’d like to know more about. 

A great topic is something that could be derived from your actual experiences or the experiences of the people around you. 

For example, if you are a mother, you could write about how to keep the house in order. Tell stories. Stories sell. 

Second, define your thesis statement. 

I remember when I wrote my first book. 

The first thing my editor friend asked was, “what’s your thesis statement?” When I heard the word “thesis,” I thought of my college thesis which I found taxing and boring. And so she clarified, “In one sentence, what is this book all about?” I couldn’t answer her right away. Though my book was about managing one’s personal finances, it branched out to many other topics. 

My manuscript was so thick it had 32 chapters! My editor did the most unthinkable thing. She deleted several chapters. Whoa! How painful could that be! And it’s all because I didn’t define my thesis statement in the first place. Simply ask yourself this question: “What is my book all about?” Third, make a Mind Map. Don’t be intimidated by the term. 

Mind map is like an outline. If an outline is linear, a mind map is a graphical way of representing your ideas and concepts. (You may Google it.) 

Okay, for simplicity, we can use an outline. 

My short eBooks were formatted this way: 

Copyright Page 
Foreword (Optional) 
Introduction/Preface 
Chapter1 
Chapter 2 
Chapter 3 
Conclusion 
About the Author 

Introduction discusses what the book is all about, why it was written, what the readers can expect to learn, etc. 

The chapters make up the body of your book. 

Conclusion is the message that you want to reiterate or leave to your readers. It could be a call to action. 

The conclusion should beautifully tie up your Introduction and the chapters of your book. 

Writing a book is just like writing a speech. 

When you write your speech, you have the introduction, body, and conclusion. Same is true when you write a book. 

Fourth, start writing. 

Starting a book is usually the hardest part. It’s okay. Just start writing. Let your ideas flow freely. 

Write with gusto. Feel your creative juices flow through your finger tips. 

Write every day. Keep writing until your words become sentences, your sentences become paragraphs, your paragraphs become chapters, and your chapters become a book! Remember this important thing: No editing in the mean time…at least for now. 

Fifth, edit without mercy. As the classic saying goes, “Write in white heat, edit in cold blood.” You can hire an editor to edit your book. 

My editor friend gave a perfect example of editing without mercy. She would cross out paragraphs and chapters that are not in line with the thesis statement. She also asked me to rewrite the whole manuscript twice! 

You can also choose to edit your own book. I learned from Brian Tracy’s course “How to Write a Book and Become a Published Author” that he edits his own books! After listening to his audio seminars, I decided to edit my own eBooks. 

Final Word 

I made writing a book look so simple. Obviously, there’s a learning curve involved. I wish I could share more but it would take me one whole book to share everything. (I did write a book called How to Write a Book Even if You’re Not a Writer.) 

Being an author is not just about writing books. It’s also about touching lives, meeting people you admire, and speaking before an audience. If done correctly, writing a book will put money into your pocket. 

The ride is not smooth-sailing, but it’s definitely fulfilling. 

I hope this article would somehow inspire you and help you get started. Keep learning and growing. Read best-selling books. Attend seminars. Seek mentors. Keep writing! Remember, it’s possible to write a book. 

Yes! Even if you’re not a writer.


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How To Save More Money



I eat out a lot.

It’s my investment in relationships. I hold a lot of business lunches and dinners. And I
also take out my wife, mom, kids, and siblings on weekly dates.

But amazingly, I don’t spend horrendously.
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First, we eat healthy. At every meal, my wife and I share a large bowl of fresh salad. Our main dish could be vegetarian pizza or pasta or fish. Here’s a tip: Vegetarian dishes are 20 percent cheaper than meat dishes—and are healthier for you too!

Second, I save on drinks for myself. (Of course, I offer drinks to anyone around the table who wants one.) You see, I believe water is the best beverage in the world. If I eat out 10 times a week, and save P40 per drink, that’s P400 savings a week or P1600 savings a month. 

Invested over 20 years at 12 percent interest growth, my “water-is-the-best-drink” lifestyle will make me P1.5 million richer.

If I have a breakfast meeting, I don’t even look at the menu. I just tell the waiter to give me a fruit platter. I save money, I keep my body healthy, and make my life simpler too.

Here’s another strategy my friend Vic swears by: Check out discounts given by discount cards and credit cards.

One time, Vic told me that he and his wife watched a free movie and had a late-night chat in Starbucks, sipping free coffee—courtesy of promos from their Citibank credit card. Amazing!

I have another friend who almost never eats out. Instead, she learned how to cook really well and serves gourmet dishes at home. She tells me that she saves a lot of money each month. That’s fine too.


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Don't Be a Stock Trader!



Just a little bit of definition of terms here…

Investors buy stocks and don’t sell for six months to 20 years.

Traders buy stocks and sell them after a few hours or days…
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Here’s another difference: Investors buy only the giants we recommend in our list below. Traders buy
anything, especially penny stocks, because they’re more volatile, and thus give them more opportunity to earn more money (theoretically).

Here are three reasons why you should never become a trader:

1. Traders Pay More Fees

Every time you sell stocks, you pay a fee.
Yes, the fees are cheap.
But still, they do add up.
And that’s subtracted from your profits.

2. Traders Need More Expertise

Some of my closest friends are fulltime traders.
The stock market is their fulltime job.
They don’t do anything else.
Guess what: A lot of them still lose money!
Despite ALL their training.

3. Traders Need More Time

How much time a day will you spend in actively trading your stocks?

One hour?

Question: Why not invest that one hour on your business?

One hour every working day is five hours a week.

If you’re a salesman, use that one hour to call up former customers just to say “Hi” and build relationships.

If you’re an entrepreneur, use that one hour to study how to market your products through the Internet.

Believe me, you’ll earn more money!

And whatever added profit you earn from your business, you can plow back to the stock market as an
investor!


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Why You Should Be In Business



Once upon a time, I was an employee. My first salary was P800 a month. As the years went by, it continued to grow. From P1000 to P3000 to P8000 to P20,000… It kept growing and growing and growing. I was happy.

But for some reason, it was never enough! It was crazy. Don’t get me wrong. My salary was enough for my basic needs. We ate three meals a day (many times five!), had clothes to wear, and was able to pay for our Meralco and water bills. With my salary, I was able to bring out my wife on our weekly dates. You may not think that Jollibee is romantic, but that’s what I could afford, so that’s where we went. 
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And where we went was romantic! Yes, we could go to the movie houses once in awhile, but more likely, we rented VCDs at P15 per movie and watched it at home we would cook popcorn for the kids. We were happy. We were very happy. We may not have been rich, but we were okay. 

But I still had pain inside me. What caused my pain? My inability to give as much as I wanted to. Sure, I was tithing. In fact, I was giving more than a tithe. I was giving 20 percent of my income to the ministry and to the poor. But there were so many needs in the ministry, I wanted to give more. Every day, I was confronted with so much need, it was overwhelming. I realized I needed to do something if I wanted to give more. That was when I decided to be an entrepreneur.

The Path of Entrepreneurship

My salary though growing each year was fixed by the organization I worked for. It didn’t matter if I was the Founder and created that organization. Because it was now led by a Board of Directors  and they determined how much my salary would be. And because we were a non-profit organization, my salary would always be mediocre at best. 

But if I had my own small businesses, I could determine how much I’d earn. I figured if I worked hard and expanded my businesses, I would earn more. That meant I could give myself a raise anytime I wanted to! That fired up my imagination. 

I got really excited. So I started my first business. After a few months, it crashed. Taking my little savings with it. Everything vanished—including my excitement. But somehow I got it back. (I’m talking about the excitement, not the money.) I started a second one. 

That flopped too. I started a third one. And a fourth one. And a fifth one… All in all, I failed in eight businesses. I lost a lot of money. I lost a lot of time. But I gained so much wisdom. 

That’s why today, I run my small businesses, all of them very successful.

Non-Financial Benefits of Entrepreneurship.

Why do I want you to be an entrepreneur? I’m biased. I love entrepreneurship! Because of my small businesses and the income they generate, I’m able to fulfill my dreams. 

Each month, I can now give huge sums for my ministry’s needs. But the non-financial benefits are much, much more than the financial benefits. 

Let’s start with time with my family. Because I’m an entrepreneur and thus own my time, I can… 

• Join the family five out of seven breakfasts a week. 
• Join them for four lunches out of seven a week. 
• Join them for four dinners out of seven a week. 

I love being with the kids, especially during mealtime. 

That’s when we get to talk, laugh, tell stories, and joke around.


Vacations!

And here’s the insane thing we did this year: We took eight family vacations. 

We loved it. The kids loved it. We hope to do it again next year. 

Employees dream of doing this when they retire—when they reach 65 years old. 

My suggestion is to create passive income so that you can take mini-retirements NOW—when you’re younger and the kids are still with you. 

I repeat: The key is to create passive income. 

And one of the ways of creating passive income is by starting a business.




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3 Multipliers of Income

My friend Larry is a speaker for corporate seminars. Many years ago, He earned P5,000 for every seminar he gave.

Over time, He became more well known.

His network expanded and his skills improved. Today, he earns P25,000 per seminar. Pretty good, right? 
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In a month, he can give eight seminars. That’s P200,000 a month. Minus taxes of 30 percent, that’s P140,000. Minus the salary of his full-time secretary and part-time accountant, plus other office expenses, his take home pay is P110,000. Still very nice. But last month, He visited me and asked me how he can earn more. “How much more?” I asked my friend. “I want to earn P500,000 a month,” he said. “That’s a pretty big leap,” I chuckled. “I’ve got big dreams,” he said, “because I’ve been listening to your talks. I really want to give big to God. 

I’m sure you’ve thought of some ways you can earn more,” I said. “Can you tell me your ideas?” “Well, I could increase the seminars I give in a month,” he said. “How many more can you give?” “From eight a month, perhaps I could add four more. Twelve is my maximum.” “Will you still be alive by the end of the month?” I frowned. “Barely,” he laughed. “And will your kids still see you?” With a sad look on his face, he answered, “Some of my seminars are held in Tagaytay. Or Subic. No, I won’t be able see them often.” “Any other ways of earning more?” “Well, I could charge more…” he said with hesitation in his voice. “Yes, that’s possible. How much more?” I asked. “Perhaps 35,000 per seminar. But not more than that. My competitors charge only P25,000 per seminar. So I need to convince the companies I serve that I’m worth the higher price.” “So how much will you earn if you raised your price?” “Let me see… if I still gave eight seminars, I’ll earn P280,000.” “Your take home?” I asked. “About P160,000.” “Still not P500,000…” “Nope,” he said. “No other ideas Larry?” He shook his head. “I’m stumped. That’s why I came to you.” “Unfortunately, the two solutions you thought of—increasing your number of seminars or increasing your fee per seminar—is still exchanging your time for money. 

That path can increase your income but only incrementally.” “And clearly, I don’t want incremental growth.” “You want a quantum leap in your income.” “Exactly. What should I do?” That’s when I shared to Larry the three multipliers of time and income. 

How to Multiply Your Time and Income 

“If you keep exchanging your time with money, it will always have a limit. Because time is constant for every human being. All of us have only 24 hours a day and seven days a week. I’ve never met anyone who has 25 hours a day and eight days a week. In order to earn massively more, you need to multiply your time. To do that, you need to use the three multipliers of time and income.” “What are they?” he asked. “Manpower, Media, and Money.” 

1. Manpower 
“Can you train other seminar speakers?” He nodded. “I’ve got two guys that I’m training right now. In two or three months, I’m positive they’ll be able to give my seminars.” “Great. Manpower is the first multiplier. If you train 10 speakers and sell their seminars, you can earn 30 percent from every seminar they give. Can you see yourself doing that?” “I think I can,” he said. “Ultimately, you can even hire another person to sell the seminars for you. Just give him a share of the commission. Perhaps 5 percent for every seminar he books for your team of speakers.” “Hmm, I didn’t think of that before.” “So let’s do the numbers. Let’s lower the figures since your speakers are just starting out. If they get paid P20,000 per seminar, and each can only give four seminars a month, that’s P80,000. If you earn 30 percent of that, that’s P24,000. If you have 10 speakers, that’s P240,000 a month for you.” “Wow! But can I really manage 10 speakers?” “That’s a question only you can answer.” “Like what will prevent these guys from leaving me and doing it on their own?” “When you use the Multiplier of Manpower, you need to grow in your leadership and relationship skills. That’s another topic we can discuss for many days. I have two dentist friends. One is happy being a dentist in his own clinic. My other friend is a dentist who runs six dental clinics with 12 dentists working with him. Guess who earns more?” Larry took down copious notes. He asked, “Okay, what’s the second multiplier?” 

2. Media 
“Media. Can you put your seminar in book form?” “Yikes, I’m not a good writer. Just a speaker,” Larry said. “Then record your seminar and ask an editor to write it down for you.” “I can do that?” “Sure.” “But that means getting a publisher. They tell me that’ll be very hard. Almost impossible.” “Don’t get a publisher. In today’s Internet-connected world, new authors don’t need publishers anymore.” “They don’t?” “Authors self-publish.” “What do you mean?” he asked. “Computers have made it very easy to print a book. Just hire the right people—a good editor, a good proofreader, and a good layout artist. And then shop for a printing press that can publish your book.” “I’ll earn more that way?” he asked. “Publishers give authors an author’s royalty of 7 percent of the price of a book. If your book sells for P300, they’ll give you P21 per copy. If you sell 300 copies every month—and that’s a big IF—you’ll earn something like P6000 a month.” “Not very impressive.” “That’s why I tell all first-time authors to try self-publishing. Because after subtracting your printing costs and sales commission to bookstores, you get 30 percent of your cover price. If your book sells for P300, you get P90. If you sell 300 copies every month, you get P27,000.” “That sounds better. But I don’t know anything about publishing a book. Or selling it in bookstores!” “The first thing you do is create a following through the web. Use Facebook! Use YouTube. Use Twitter. Give parts of your work away for free. Create a relationship with your audience. And when people know you and love you, sell a hard copy through the web, sell through bookstores, and sell an ebook. Later on, you can sell books of other authors related to your topic.” “I can do all that?” he asked. Larry had this overwhelmed look on his face. “I don’t know,” I answered. “Only you can answer that question. But if you have the passion and perseverance, you can learn anything.” “You’re absolutely right, That’s what I teach in my seminars!” We both laughed. “The book is just the start,” I said. “Later on, you won’t even think of the book as your source of income. It’ll just be your marketing tool. You can create a video seminar and distribute that through the web. You can even sell it to the companiesthat have already taken your seminar—as a way of reviewing the material you gave to them.” “My gosh. How much will I earn if I use media?” “The amount depends on you. Another P100,000? P200,000? This morning, my friend told me he earned P1 million last month using the Internet as his media.” “Unbelievable. Okay, what’s the last multiplier?” 

3. Money 
“After manpower and media, the third multiplier is money.” “What do you mean?” “Tell me. Where do you give your seminars?” “Plenty of companies. Jollibee. Ayala...” I interrupted him. “Let’s take those two companies. Your seminars are improving them?” “Absolutely!” he pumped his fist to the air. “Then buy those companies.” “Huh?” Larry asked. “Buy Jollibee and Ayala shares. You become part owner of those giant companies. Your money is working for you. So you’re not just a speaker of these companies, you’re also a part owner of these companies.” “That sounds really nice.” “Of course, you can also start other businesses with your money, hire people to run it for you, and earn a bundle. But that will require a lot of time, a lot of trial and error, and going out of your core gift. So my suggestion is just invest in the stock market and let others manage your companies.” “Wow.” “Use all three multipliers. Manpower. Media. Money. When you’re earning P500,000 per month, tell me.” He smiled from ear to ear. “Jen, you’ll be the first to hear about it!”


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How To Grow Your Business Fast

If you’re an entrepreneur, this article is for you.

And if you’re an employee, but want to become an entrepreneur, this article is for you too. This will guide you on what business you should get into.
Photo credit: https://pixabay.com
Here’s my message: Don’t make your product sell on low prices alone. Avoid it if you can. 

Though I must admit. There are a few businesses out there that compete on price. 

I’m thinking of Walmart. 

That’s the mega-giant discount store in the US that guarantees the lowest prices.

My wife loves Walmart. It’s actually the largest publicly held corporation in the world in terms of revenue.

And it’s also the largest employer in the world with two million employees. Yes, they’re incredibly successful, no doubt about it. 

But I believe that a business that uses the “lowest price” needs to be the biggest also. Or he gets wiped out by new competitors. 

I believe there’s a better alternative. 

When the Lowest Price Isn’t Good Enough 

This morning, I read about Rack’s, a restaurant that made ribs a popular dish in Manila. I’m a vegetarian, so I wasn’t a fan. But meat-eating friends loved their melt-in-your-mouth ribs to bits. It became the talk of the town. And I saw Rack’s rise. 

From one restaurant, it grew to 30 stores all over Manila. 

But I didn’t know that it went downhill from there. I learned about it firsthand some years later. 

One day, my wife and I were looking for a place to eat—and the only restaurant nearby was Rack’s. I knew they served fish, so we went in. I was shocked. There was a sign that said, “P99 meal—with ribs, rice, and iced tea.” Huh? The dishes at Rack’s were P250+ upwards. 

What happened? And the ambiance was gone. 
It looked like a canteen of an office. As expected, branches closed down one by one. 

From 30 restaurants, only one was left. Before that last restaurant closed its doors forever, someone else bought Rack’s. (The same owners of Shakey’s.) And they removed the low prices. 

And brought back the old Rack’s ambiance. 

Today, they’re back with 11 stores and doing splendidly well. 

Instead of Competing on Price, Compete on Value 

What am I saying? 
Don’t try to be a Walmart. 
It works for Walmart because they’re the biggest thing in the world. 

If you offer the lowest price, you may win for awhile. But for how long? If you don’t become the biggest soon, another store will offer even lower prices. 

And all the businesses in that sector will suffer because the margins (profits) will be like how my mother sliced cheese when I was a kid. It was so thin, it was transparent. Owners will suffer, because they won’t have money for innovation. 

Employees will suffer, because their wages will be very low. And customers will suffer, because of poor value. 

Give Them 10 Times the Value! 

Here’s what you do. 
Instead of lowering your price, give 10 times the value at the same price. Or increase the price, so you can deliver the best. 

Obviously, this will need marketing skills. (Offering the cheapest price won’t need marketing skills.) 

You need to convince your customers that what they’re paying for is a steal—because you’re giving something so much better than what they’re paying for. 

Remember: Keeping your margins high is necessary to function as a business. The profits aren’t for you. The profits are for your employees and for your customers. 

How come? First reason: So you can do research and development—and create and innovate better products for them in the future. 

Unless you keep innovating, your business deteriorates and dies after a few years. Second reason: So you can pay your employees better—and these employees will serve your customers better too. 

Don’t Get Customers; Get Raving Fans! 

Customer loyalty is the magic bullet of business growth. But when you have to compete on price, you’ll never gain customer loyalty. 

Your customers will always leave you if someone offers the same product at a lower price. 

Face it: Low prices attract the wrong kind of customer. In any of my businesses, I don’t want regular customers. I want raving fans. That’s my goal. 

I’m not always able to convert every customer into a raving fan, but I’m able to convert enough of them that my businesses have become very successful. In other words, you want your customers to love you and your product. 

You want them to be so loyal, they’ll tell the world about you. They’ll talk about you in Facebook. They’ll share stories about you in family reunions. Heck, they’ll even defend you when others criticize you. 

Do Your Customers Want to Tattoo Your Brand on Their Chest? 

Harley Davidson is one such brand. Many of their customers carry a tattoo on their arm that says, “I love Harley Davidson.” Will customers of Suzuki do that? I seriously doubt it. 

And if you want a Harley, you’ll have to wait for six months for your bike to arrive at your doorstep. But if you go to a Honda showroom, you can place your order and ride out with your new bike. So why will Harley customers be willing to wait for six months? Because they’re not customers. They’re raving fans. 

Note: Harley isn’t cheap. 

But that’s why they have fans. 

A 24-Hour Store Selling…Gadgets? 

Apple does the same thing. I just came from the States. 
And I dropped by the Apple store in New York. It was insane. On that day, there was a snowstorm. I could hardly walk on the sidewalk without being blown away. 

From the car, I ran to the store, holding my jacket and my hood for dear life. The wind was biting. And what did I find inside the store? 

Five hundred plus people lining up for their gadgets. . 

And get this: The store is open 24 hours a day. 

You think only Jollibee is open 24 hours? 

Think again. 

Why is Apple able to charge high prices and create such a demand? 

It’s the magic of customer loyalty. It’s the magic of raving fans. 

Apple users simple love Apple. That’s what you want to do with your business. 

As much as possible, you don’t want to commoditize your business. Or enter into a business that sells commodities. Or nameless products that won’t create customer loyalty. 

As much as possible, build a business that spawns raving fans that create more raving fans.


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Online Financial Tips 101 - Why Learn Financial Literacy?




If you to become rich you need to learn how money works and this blog is all about it.

The goal of this blog is to motivate you towards thinking about entrepreneurship.
Photo credit: https://pixabay.com

If you want to you know how to drive a car like a professional driver, you get a driving lesson. You go to a driving school or you hire a good experienced driver to teach you all things you need to learn to become a good driver.

If you want to know how to cook well or bake well you go to a cooking or baking class. Learn the correct procedures in cooking or baking and then become a world class cook!

Same as with money..If you want to know how to make more, how to grow, how to keep, how and where to invest your hard earned money, you need will financial education or financial literacy.

And this blog (online financial tips) is made for that purpose, to teach financial literacy.

In this blog I'll share everything I know and will learn about money and investing from my experiences.  

Ready to learn?


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