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I was talking to Tim Benet about my cashflow problem and it turns out that I was spending more than what I put into my pocket. It was around 8 thousand pesos more. Im down 8 thousand pesos monthly and I wouldnt have known that if we didnt looked into how much I spend for stuff like transpo, food, gimik. That’s just the tip of the iceberg my friends, we also had to look into the payments made to rent, insurance, loans and the like.
For those of you who are not familiar with the term CASHFLOW, it is the flow of cash. hahaha very simple right?! Lets say I am an employee earning 12,000 pesos a month. But for the whole month you have to spend for the transpo you need to go to work, the food you eat for that day, the rent you pay for the apartment, purchase of clothes, and insurance. If you add all my expenses I spend around 9 thousand pesos for all those things. That just leaves me with 3 thousand pesos to save (or to spend) depending on how mature I am with money.
3 thousand pesos a month….not very big savings in a month.
What if you got fired or lose your job because the company you worked for closed down or quit your job? The monthly income of 12,000 is completely gone but the expenses you have monthly is still there. So instead of being UP 3,000 pesos you are suddenly in the negative 9,000 pesos zone. What will you do? Most logical thing is to look for another job, others find ways to earn for themselves (start a business etc.) But what if, for the time being, you cant find another job and you cant start a new business how long will your funds last to support you? 6 months? 1 month? 2 weeks?
It is a numbers game really, earn more and spend less. It is important for everyone, including students to be aware of their spending habits. We shouldn’t train ourselves or even our kids to be “wage-dependent”, just waiting for the salary every month and not thinking about other ways to make money.
My advice now is to look at your income and expense columns. You might be surprised in the things you find out about yourself and your spending habits. To help you in keeping track of your expenses, visit this website: www.expensr.com it is a site where you can keep track of your expenses, compare with your friends and gives you charts to where you spend your money most. Knowing where you spend your money is the first step in cutting down on your expenses.
Notes on Ken:
I already quit my job last August 2007.
The environment is constantly in danger from man. Humankind, in our short existence, has managed to leave our earth gasping for its life. And as time is running out on all of us, humanity scrambles together to help our dying home we call Earth. In the process of saving the world we are now seeing more and more businesses that think of the environmental impact they have on our planet. More and more people are conscious of the purchases and the implications of their decisions on our planet. Movements like the earth hour and documentaries like “An Inconvenient Truth” are just some of the recent campaigns for our planet and more and more are joining the journey to save the planet.
Greg How 
WASTE DISPOSAL 
SAVING the PLANET 
For 10 years now Globe Care Services, Incorporated has taken the war against pollution very seriously. They are the first company in the Philippines to specialize in the packaging, transport, and disposal of hazardous wastes. In more than 10 years of dealing with all types of hazardous materials, Globecare has never been cited for any violations of RA 6969, the Toxic Substances and Hazardous and Nuclear Wastes Control Act, or any other environmental laws or regulations.
Gregory How, a University of the Philippines graduate, is the General Manager of Globe Care and he wishes that more people would take the environment more seriously. He hopes that more people in upper management of the different companies and organizations realize that proper disposal is very important because it affects everyone. And those who are in the position to decide should really be well informed about what is happening in our environment. Their client list includes companies from different industries, electronics manufacturing, food and home products manufacturing, the power sector, communications sector, storage facilities and warehouses, office buildings, schools and others. Everyone is responsible in proper disposal of wastes and it takes the leaders of these different sectors to be become examples for us to follow.
For more information about Globe Care Services please visit the site : http://www.globecare.com.ph/index.htm and their office is located in #1 Sheridan St. Mandaluyong City, Philippines (+632) 638850838-8698 (+632) 747-7470 Fax: (+632) 747-7469 E-mail: services@globecare.com.ph
www.pathtomillion.wordpress.com
During the Holy week (march 18-22) my family and I went to this little red dot called Singapore. It was fun and totally amazing experience. It was my first time to visit singapore and I am very impressed how this small country is thriving culturally and economically. How can a small country with 4.5 million (estimated) population grow abundantly wealthy as a nation? And why can’t the Philippines which has more resources and more people be the same as Singapore?
Based on my personal observation, the reason why Singapore is doing so well is that people in their country strive to become the best they can be because the country as a whole wants to be number 1 at anything you can imagine. They have this underdog mentality and they go out proving to everyone in the world that even if they’re small they can do it. If we analyze how they market their country, the country’s tagline is “Uniquely Singapore”…nuff said. hahaha They strive to be unique and a very good example is the upcoming F1 race this coming september. It will be the First night race and they will be using the city streets as the race track. A big pat on the back to whoever thought of that idea because it has generated income for the country months before the actual event. All tickets are sold out and rooms at the hotels have doubled or even tripled their price for those dates. this year China has the olympics but guess what, Singapore made their own historical achievement as well. Singapore has proven that size doesn’t matter.
Singapore vs. Philippines
F1 night race vs. Manny Pacquiao’s victory - Singapore earned money thru tourism income; Philippines earned by taxing Pacman’s winnings (and charging ridiculous amounts in cinemas to watch the fight)
Night Safari vs. Manila Zoo - Singapore has more healthy animals ; Philippines has malnourished animals
Sentosa Island vs. Boracay - Developing into a consolidated hotel/park/casino - Too much litter for a small vacation spot
Singapore’s MRT vs. Philippines MRT - very nice and well maintained ; we cut off electricity to our escalators and make people climb the escalators.
Sing Crime Rate vs. Philippine Crime rate - Singapore has very low crime rate ; Philippines has O% crime rate when Pacquiao has a fight (don’t you just wish manny can fight everyday.) hahaha
Im just making fun at the realities our country has on its plate. I still love this country and I believe that there is still a lot we can do to turn it around. Lets start doing something we can be proud of as a country and not just be proud of individual Filipinos who made it internationally. We should support our Filipino astists who made it big abroad but we shouldnt be hitching along their wave. Philippines as a country should makes its own waves.
I have a Challenge to all those who read this post:
tell me the 1 thing you think that the Philippines can be proud of in the last 20 yrs.
I’ll tell you what we shouldnt be proud of:
1.being named as #1 in corruption in the region. (i know there are a lot of people who think that the survey’s parameters were not conclusive but the mere fact that the perception of foreign investors in the region thinks that the Philippines is #1 in corruption is telling factor that we are definitely doing something wrong)
2.selling off our islands hahaha if we are going to sell our islands we might as well sell to the koreans because i think we are already being invaded. we can trade part of luzon for very good koreanovelas hahahahaha
3. Senate competes with BOOM na BOOM and Star City as the best circus in town
4. ZTE deal - no wonder they think we are corrupt because we are. “moderate their greed” hahaha that’s one for the history books
5. Bb.Pilipinas fiasco. I blame the judges!!!! DO YOUR FREAKIN JOB!
6. AIRPORT- when will they open the “new” airport hahahaha still corruption in the air people.
7. We are now on our what 10th PEOPLE POWER REVOLUTION? hahahaha
…the list goes on and on. the challenge is to post what you think the Philippines (as a country) did to make us all proud.
(you cant say produce OFWs)
I spent most of the time collecting coins from random strangers and I met a youth Christian group meeting in the park so I told them my story and they were generous enough to give me their change. I easily collected 16 pesos all in all. It’s really funny because it never crossed my mind that I would ask people for 1 peso. Sure I’ve asked a friend for change when I needed it but this was different. This time it’s for my 1million peso project. To be honest I was already having second thoughts this early in the race. I came out really excited at the start and after a few hours in under the sun and trying to ask for money it seemed kind of stupid. At the rate I’m going, street kids are already making more money than I am. They ask for money and use pity to get it. Then it came to me, what if I asked 1 million people for one peso each I’d still get a million, right? So why should I not? One it will take me a very long time to do it but that is just really an excuse. All we need to do is find a better way.
That is the revelation that I have learned in this experience. We need to think out of the box. Be creative. If you really stopped and think about it, how can you get 1million pesos from 1million different people? GLOBE and SMART got that covered with their 1 peso per text service. Imagine the amount of money they get just from people who text “kain na you? Kain muna me.” Hahaha But seriously it’s just insane as to how much money they get from texting alone. Imagine if you had that capability to generate hundreds of millions of pesos a day.
So what do we need to be? We need to be creative. If we are able to provide something better or a better solution to a problem then we can definitely cash in on that.
If you are currently working on something that can make you money or a service that can solve a problem in the most cost efficient and creative manner, my suggestion is keep working at it. Don’t stop trying until you get it right. It’s always such a shame when you thought of something that can be profitable and you see one day that someone else is already doing it. Don’t you just hate that feeling? So stop thinking about how you should have started it and start doing. Keep notes on the ideas that you have. Give time and effort on it at least an hour a day. And you’ll be surprise at what you can achieve by just devoting your time and effort to it.
The first step of the quest for a million pesos is “how to earn 1 peso?” because without that 1 peso you can never create that 1 million. Our task is to create 1Million starting from ZERO following the rules of engagement.
It was a Sunday morning and the race to a million has begun. We went outside the building and it was like a ghost town in the back streets of Makati. Because it was a Sunday plus the fact that Manny Pacquiao’s fight was being televised, naturally there were very few people walking in the streets and that equates to fewer opportunities (or so we thought). We went on our separate ways and I met 2 very nice ladies who I asked for 1 peso. Naturally they were curious as to why I needed 1 peso and I told them the truth. “Ma’am I need your 1 peso to create my 1Million.” “Hahahaha!!” is the answer that I would have gotten if I told them that. So this is what I said “I need to ask people for 1 peso for this activity in our seminar.” which is also the truth. And they gladly gave me 2 pesos.
Sounds easy enough right? But mind you this first step is usually the hardest for most people. We needed to build our confidence and this first step is the beginning for anyone who seeks financial freedom. If we doubt ourselves it shows and others will not believe in you and your capabilities no matter where you go. Being confident doesn’t happen overnight. We should practice it in every single opportunity that is given to us especially for anyone who plans to go on business.
Hi, I am Kenneth and this is my quest for my 1st million pesos. Just a short intro, I am 25 yrs old and an entrepreneur in my heart and soul. I graduated from Ateneo de Manila University with a Bachelor’s Degree in Interdisciplinary Studies (no… we do not major in discipline.) and after graduation I immediately worked for a very well known snack food manufacturer across Asia (OISHI). I worked for them for almost 3 years and resigned from the company last year to pursue something I strongly feel is the right path for me and that is creating my own business. Join me on my path from zero to a million pesos and I am positive that we will all learn life lessons from this journey.
“-it is not the destination but the journey which is more important.”
The Objective: From 0 to 1MILLION PESOS
How I make this project work is solely on me and on the time i spent on it. Aside from the rules above there is no strict guidelines as to how I make my money or which industry I make it from. So let us begin the journey to a Million pesos.
The bigger money you need, the more complicated it gets. It’s easier to get money when it is small. You can just ask for it, you can offer your services (where they would pay you 5 pesos gladly), or anything simple enough that can be done in a few minutes. However, when you want something bigger, you need to upgrade your offers. Remember the part where I made up a story to sell, in a way you should upgrade your story, too.
Advertise
Using this blog, we got pledges from individuals who agreed to pay us when we post their company and contacts in the blog. So far we are doing well with it and even had to setup interviews about our sponsors’ success stories (they are also millionaires already, so it might be well to learn from them too!). But it became too easy again.
The Cycle
By this time you’ll be seeing the pattern on how your attitude on money works:
1. You do small things for small money.
2. Then it gets boring when you become good at it.
3. Then you look for ways to increase what you get.
4. After you get good results at the increased value, you get bored again.
And the cycle goes on and on until (this is just a conclusion for now) you are satisfied.
Satisfaction
So when should you be satisfied? I think people tend to feel satisfied [about money] when what they make covers their “wanted” lifestyle. But why do people don’t stop wanting money? Because they upgrade their lifestyle whenever paychecks increase. When you get a raise, people tend to think of luxury/expenses first like upgrading their cellphones, installing cable tv, upgrading the tv, a vacation, [type here all the luxuries you want in life], etc. Instead of, and what I’m doing right now, saving it or investing or buying assets (more of the assets in a while). But what you tend to think about when you get a raise, whether it be an expense or asset, will largely fall on what you “think” would satisfy you. People who buy luxuries tend to satisfy themselves when they get them while those who save finds themselves satisfied whenever they have savings (it can also be called delayed gratification). These two different types of people are separated by the type of “thinking” they have on satisfaction, one thinks instant gratification, the other thinks delayed gratification. But if you want to accumulate so much money that is more than your lifestyle (regardless of your thoughts on gratification), I call that “greed”.
Asset and Liabilities
One of Robert Kiyosaki’s discussion on Assets and Liabilities takes us to a different perspective on our spending habits. Normally, people regard assets as things that increases your net worth and liabilities as things that decreases your net worth. Now Kiyosaki doesn’t have any problem with that. The problem lies on the things which we consider assets or liabilities. When you purchase a house, for example, you increase your net worth so that the house is considered an asset. However, paying your mortgage, maintenance of the house, repainting, cleaning, house keeping, all of these are expenses linked to the house you bought. Now Kiyosaki explains that the difference between an asset and liability is that assets put money in your pocket while a liabilities take money out of your pocket. So clearly, even if the house is considered an asset, by Kiyosaki’s definition, it would be considered a liability. I’m not saying you shouldn’t buy a house but you should consider the after-purchase-expenses if your income could support it with your lifestyle.
Back to the Quest
So here I am trying to think of ways to increase money and ideas are just overflowing (by this time, keep pen and paper close by). But the things that are popping out of your head requires something (well, not all, but most of it). It requires you to upgrade your knowledge. Sweeping the floor, running errands, etc. are too easy to deserve more than 5 pesos (it requires a small amount of knowledge). So in order for you to deserve a larger amount of money, you should know more than just sweeping.
Acquiring knowledge
Acquiring knowledge doesn’t need much money (schooling is a different story, don’t argue with me on that), but it takes up so much time. So as you do the same boring things you are doing to increase wealth, you should spend time upgrading your knowledge so that more ideas would come in handy when you need it. Right now, the idea that came across requires both money and knowledge about it, the knowledge I already have (after reading some tutorials on the internet) but the money not yet. So now we continue with the boring things until we get the money…
So how do you make a million? This is a question that many people find very difficult to answer and it is! It’s a question that has been daunting me for years and years and I never got to any single solid answer. An answer that you can apply anywhere and guaranteed to work 100%. Well my friend our quest starts here.
Day One
After attending Tim Bennett of Millionaire Anonymous seminar, we guys gave it a shot. The requirement is “just” to make a million from zero. how you get it is completely up to you. Of course you can’t do any illegal stuff because dirty money is never worth it. Remember the money you took from your parents’ drawer without asking permission? Well, it’s going to bite you back in one way or another. And here’s what happens, when you get a small money that way, you tend to get big money at the same way and I tell you, nobody is going to do business with you (well, i won’t). So the premise is it should be legal, moral and ethical. And you can’t sell anything that you currently own, you can’t ask from your parents, etc. So it will simply be zero to a million.
So where do we start? When you have nothing, you start small. Do you think one peso would be hard to produce? Of course not! (But I will take that back later on as you will read a little bit later). So we start there. But to make things harder a little bit, i made a twist. You see I’ve always believed that money will never be given to you freely, there should be something in exchange for that. So what do I have at this very moment that people will give me one peso for? I’m not really sure so I tried to find out.
The Hard Part
Remember when I said ‘Of course not!’? Well, I’m taking it back… I said to myself, how in the world are you suppose to get a peso from somebody if you don’t look like you need it? I was dressed casually in Makati streets trying to figure out they’d believe me. I found a woman passing by and I told her ‘Miss, can do anything for you just for one peso’? She told me she was busy and have no time for this. So I said ok but in my head i was yelling ‘how can you make this work?! you are on your quest to a million and you have a problem getting a peso?!’, but I said, ‘Ok Hermie let’s try again’. I went pass to a car which has a driver in it and an open window. But right before I was about to ask, something pulled my legs and I went straight passing him and I told myself, ‘this is really embarrassing, why am I doing this? I could easily earn a thousand a day but I’m having problems generating one peso’. But I went anyway (and by then i really felt more stupid because he has seen me almost stop there and walk away) with the same lines and he went, ‘No I don’t have time for that, I’m just waiting for somebody’. I said to myself, ‘ok Hermie, there must be something wrong with how you do it’, by this time i was already sweating because it’s pass 10am and the sun is really killing me. What am i doing wrong? Well, there’s nothing wrong with what I’m doing but there’s probably something wrong in how I present it. People tend to put you away when you don’t have any story. So to make up for it, I invented a story, my story.
What’s Your Story
‘Hello, good morning, I’m Hermie, a psychology student trying to make an experiment on how people value services, what can i do for you in exchange of one peso?’ For the first time, a security guard that i’m talking to thought for a while. I said to myself, ‘what a success, now people are trying to think rather than putting you away’ Then the security guard said, you could’ve brought me medicine but somebody came before you and did it for me, do you know him? ‘Oh my god, somebody else came before me and did the same thing and got the one peso, i must be on the right track!’. So i hurried and went to the next guy I could see across the street.
There where two guys talking and laughing over a conversation so I went in and did the same line (notice that my this time, i wasn’t ashamed because i knew i had a story i could sell). They thought for a while like three minutes and they said, why not give your opinion about the ZTE scandal? (Ok, my answer was completely my opinion and I don’t want it shared here because it’s not in any way going to get us to a million, believe me) So i told my opinion and they gave me 5 pesos. By this time i felt weird, why would somebody pay me for my opinion, for talking crap for 3 mins? The it hit me, editorial pages in the newspaper, showbiz magazines, tabloids, all of these make money just posting their opinion on something… Hmm, I wonder what else can they pay me for.
It Becomes Easy
Second one told me to buy bottled water that was just at their back! I didn’t have move my legs that much, but you see how people use their money? They’ll pay you 4 pesos just because their too lazy to stand up (hmm, what other things are people lazy with?). Third one told me to sweep their area but here they where so embarrassed for letting me sweep the floor. Well, it’s because of how i dress up but the thing is, I was embarrassed to ask for money on the first time, now they are embarrassed to have you do your job. By this time I’m thinking people are really weird. They didn’t want me to finish the other half and just give me the 5 pesos, but i did it anyway because that’s the service you promised to give, and i believe you should give it 100% because it’s the only way to have return customers. Fourth one just gave it as donation, and I accepted it whole-heartedly because I was getting tired for walking.
By this time I had, 16 pesos all in all for 2 hours of work. And i tell you it’s going to get boring. When you passed through the shyness stage, creating small money becomes easy so you eventually want to increase it in a way that doesn’t tire you so much. But what can you do with 16 pesos? you can’t do trade at this moment (you don’t have enough to sell anything worth buying), so I went back to Tim and found my team mates there.
Brainstorming
One of Tim’s stories inspired us where you can get money… Advertisements… Well, where are you going to have people advertise with you with just 16 pesos per person (and Robin had 3 pesos, he never passed through the shy stage by this time). We can’t think of anything free but the Internet… Thus we have this blog.
About This Blog
Well, we thought of, ‘hey, if other people are getting money from this talking crap, why can’t we’? Well, we do not intend to sell crap here, what we sell is our story and our quest to a million pesos, so far (and I’m really hoping), advertisements would come in and fill our humble pockets with cash to get us to the next level.
So what’s the plan after this? That one we will be discussing on our next blog entry…
pathtomillion
klao8
yojismo