3 Requirements to build a Business

3 Requirements to build a Business

1. Talent and skills
2. Time
3. Treasure

1. Skills
   Before tayo magbuild ng business, unang una muna nating isipin kung anung yung mga abilidad natin, kung ano ang kaya nating gawin upang tayo ay kumita ng pera. Lahat tayo may kanya kanyang talent, kailangan lang natin hanapin at ienhance ito pero ang skills natin hindi ito namamana pero napagaaralan. Remember business becomes easier when you are good and you love to do it at the same time someone has to pay you for it that kumbaga may demand sa community.
   
   
2. Knowledge
   Kaalaman sa paghawak ng pera, kaalaman sa pagmanage ng business, at kaalaman sa papasuking business. Tandaan ang business ay seryosong usapan dahil malaking pera ang ipupupuhunan. Huwag tayo basta na lang magtayo ng negosyo ng walang sapat na kaalaman sa tamang diskarte ng pagnenegosyo.
   
   
3. Money
   Hindi enough na meron tayong capital o pera para bumuo ng business, kailangan natin mglaan ng panahon at oras upang ito pagaralan. Mahalagang pag-aralan ang isang business bago ito pasukin. Alamin kung ito ba ay para sa atin. Pano ba natin masasabi na ito ay para sa atin? Kapag meron ka ng dalawang bagay na ito:
   
   
   PASSION- meaning you loves what you do.
   POTENTIAL- defines you are good at what you do.
   
   
   Diba mas masarap magbusiness kung Masaya tayo sa ginagawa natin, kahit alam natin hindi laging “gain” minsan “loss” but it’s ok! Its part naman of success.

These three connected to each other, if you have only two of this then start to complete it. Success of a business will depend on the desire and determination that you have. So if you have already a knowledge, money and skills in building business  start today!.

10 Positive thinking Tips on how to create wealth

I will share to you the right mindset of being wealthy. These are the thins that I've leaned from the video talks that I've been listening while I'm here in abroad. I'm happy to share you my knowledge about this. I hop it can help you to achieve your financial goals.

10  Positive thinking Tips on how to create wealth

1. Descipline

   People always demand an instant gratification. They get short term pleasure at the same time getting long term pain. Avoid wasting your money in buying things that has no value in the future.

2. Take opportunities

   Don’t depend on your current salary. Acquire asset which gives you money. Remember asset is the things that gives you money or creates money for you.

3. Have a sense of urgency

   Always bear in mind that we are getting old. Remember when your age is getting higher the opportunity is lessen. Save early as you can so that you can have your money in the future.

4. Try  and Try

   If you failed, never lose hope. Always that you are a winner because looser quit at the times of trouble. Failing is part of winning and failing is also part of leaning. Never afraid failing because after you fail you will learn.

5. Give value to receive value.

   Think about the things that can help the people, a product or service where they can use in their everyday life. Once you give value to people that’s the time you will receive value. It’s like teaching other people, if you share your knowledge to them and when they mean it they will value the knowledge that you share to them and also you.

6. Determination

   The wealthy people says “I can do it”, the poor people says “I can’t”.

7. Your mind is very powerful

   Think about wealth, abundance, freedom, and happiness and you will know these things will start flowing into your life. Think about poor, and you will get poor.

8. Get things started

   Poor always dream, Wealthy people always act. What they learn to the books or from their mentors they will turn it into action. Do not wait for the opportunity comes to you. If you want to achieve goals start today!.

9. Weekly Goals

   Average people always wait for weekends because these are the day where in they can spend more money, Wealthy people always think for the future.

10. Always know that you can be rich

    We are all people. No matter what your status poor or middle class as long as you have a chance to become rich you will get rich. Remember “It’s not your fault that you are a poor, it’s your fault that you will die poor”.

15 Commandments on How to achieve Financial Freedom

Ito nga pala yung 15 commandments ko na gusto ko ishare sa inyo para naman magkaroon kayo ng guide to have a Financial Freedom.Sa tingin ko ito yung mga mahahalagang bagay na dapat mo sundin. Pwede mong maging checklist ito para maging motivated ka sa pagiipon ng pera.Konting tao lang nakakasunod sa commandments na ito dahil young iba nature na sa kanila gaya ng mga mayayaman.

15 Commandments To Become Wealthy

1.      Set your Goals.

2.      Know your talent and skills.

3.      Earn Money.

4.      Make saving of money as a habit.

5.      Spend Less (Leave below your means).

6.      Have a budget.

7.      Educate Your Self By Reading Books.

8.      Teach others on how to achieve their goals.

9.      Stay away to the person who thinks negative.

10.  Don’t waste your time in entertainment.

11.  Focus on your Goals.

12.  Create emergency funds.

13.  Invest in stock or mutual funds.

14.  Create Business.

15.  Tithe(Give to Church).

Mga bagay na humahadlang sa atin upang makapagipon

Mga bagay na humahadlang sa iyo upang ikaw ay makapagipon

1. Social Status
   Many of us always posting their new gadgets in their social media accounts just to show that they are rich which they thought that if they will post it people can call them a rich. Sometimes buying new gadgets is can sabotage you to save money because you are going to buy the things that you don’t need, things which is nothing, things that can have a low value when the days will past.
   
   
2. Instant Gratification
   Some of us, after getting the salary we spend it on the things that we want to reward ourselves for the hard work, effort and stress in our work. We are thinking that we should have relieved our stress and rest for a bit by eating outside, drink, videoke and buy the things we want. We should avoid this habit if we want to improve our financial status.
   
   
3. Wrong Mindset
   Sometimes spending our money over to our income will lead us into debt. We always say that “Hmmpp.. May mauutangan naman ako”.  One of the steps in improving your financial status is to get out of debt because debt will give you a lot of stress in result you cannot think what are the things that can help you to have another extra income.
   We always say “Hmmp.. Malaki naman ang suweldo ko” which is wrong. If you have a salaray of 50,000 dollar a month and  your expenses is also 50,000 dollar it is nothing because you don’t save money.
   
   
4. Delaying
   Start your savings at the very young age can give you a highest savings when you reach you retiring age. We need to discipline our self and have a determination to achieve our financial goals. Always motivate yourself by thinking about your goals in life it will push you to save money. Remember we cannot work forever, we can get old and get weak and the when the time we are old enough no one will hire us because we don’t have enough strength to work. So while you are still young save early, save as much as you can.

Apat na uri ng status ng tao

Gusto kon ibahagi sa inyo ang natutunan ko sa pagpabasa ng libro na Rich Dad Poor Dad ni Robert Kyosaki. Itong topic na ito pinaka tumatak sakin.

Apat(4) na uri ng tao na kumikita ng pera

1. Employee-
   Ito yung mga taong nagtatrabaho sa mga kompanya. Ang pera na kinikita nila dito kada buwan ay fixed na at kung suswertihin at mabait ang may ari ng kompanya ay mga incentives at bonus. Those people who belongs here are those in the system of rat race. Ano nga ba ang rat race? Kung ilalarawan natin, isang daga na natrap sa isang lugar at wala syang magawa kundi tumakbo. Kung ikukumpara natin sa pang araw-araw na buhay, nagtrarabaho sila para mapunan ang kanilang pangangailangan, nagtatrabaho para gumastos, nagtatyaga gumising ng mang araw-araw, nagtatrabaho ng walong oras kada araw pero walang naiipon at kung may naiipon man nagagastos pa din.
   
   
2. Self Employed-
   Ito ay mga taong may professional na trabaho gaya ng doctor, lawyer, teacher, mga endors. Hindi ito naiiba sa employee dahil gaya nila madalas wala ring ipon kung minsan panga may utang. Pero ito yung mga taong kuntento na sa kanilang pamumuhay. Mga tao na nagtatrabaho para gumastos.
   
   
3. Business Entrepeneurs-
   Ito yung mga taong may sariling business na pinapatakbo. Nagbibigay ng panahon, talent at pera upang makabuo ng isang passive income kung saan, sila ang boss.
   
   
4. Investors-
   Ito yung mga taong may malaking puhunan upang kumita ng malaking pera sa pamamagitan ng pagiinvest sa stock market, real state, at iba pa.
   
   
   
   

If we want to be successful in life, to achieve our goals, to have a financial freedom kailangan hindi lang tayo  mag stick sa status ng Employee or maging Self Employed.  We should have learned how to be a business owner as well as being an Investor.  Ang tanging advantave lang ng pagiging employee ay ang company na mismo ang bahala para makapagipon ka. Ikakaltas nila ito sa iyong sweldo upang ito ay ilagay para sa iyong retirement funds gaya ng Social Security System o di naman kaya ay Pagibig. Ibig sabihin secure ka na sa iyong kinabukasan. Ang disadvantage naman nito pag nawalan ka ng tabaho, may income ka pa kaya?. Di ba wala?. Sabi nga ng iba “Don’t work for money let money works for you”. Mas maganda kung makakapagipon ka ng pera,  magtayo ka agad ng sarili mong negosyo at palaguin ito.

Pagkakaiba ng Asset at Liabilities

What Is the Difference of Asset and Liabilities?

Nung una akala ko din talaga yung mga bagay na meron ako noon ay asset. Yun pala hindi mo masasabing asset ang isang bagay kung hindi naman ito nagbibigay o nagpapasok ng pera sa bulsa mo. Isa  sa mga pagaralan kong libro ang Rich Dad Poor Dad ni Robert Kyosaki na nagbibigay ng bagong depinisyon ng asset at liabilities.

Forget what you have learned from your previous lesson and accounting. Robert Kyosaki have a new definition of Asset and Liabilities by writing his famous book Rich Dad Poor Dad. According to Robert Kyosaki, Asset means money goes in to your pocket and Liabilities means money that come out to your pocket.

Sometimes we recognize that all things we have are asset but the truth is, it is a liabilities which is money that goes out to our pocket. Examples of asset are Cars, House, Mobile Phones and other things. Cars doesn’t give money in our pocket but it will give you expenses like gas for fuel, mortgage payable, and maintenance meaning it is liabilities because money goes out to your pocket. House is not also call as asset because we pay for electricity bill, water bill, and other utilities. Mobile Phone is not an asset because we pay for internet bill, for loads and for charging. These are the things that we maybe call an asset but we don’t even know that these are liabilities.

Things like this can be an asset if we convert it into an asset. How? For example you own a car, you can use this for your business or you can use this for renting in order to have an income. If you own a house you can rent it so that you can have an income monthly.  If you have Mobile Phone and any other gadgets you can use this for business.

Lagi nating tandaan na kapag bibili tayo ng mga bagay na gusto natin, alamin natin kung ito ba ay asset or liabilities upang sa ganon ay maging epektibo tayo sa pagpapalago ng ating pera at makapagipon para sa ating kinabukasan. Being a wealthy person doesn’t mean you have all the things like these, a true wealthy person determine by having their own savings, investment, and knowledge. Wealthy people build their own asset first before building liabilities. Sa laro ng pagyaman kailang lang natin maging knowledgeable pagdating sa larangan ng pera. Tandan Mahalaga ang pera kaya dapat natin itong pag aralan.

               

Madiskarte paraan ng pagiipon

Marahil ang iba sa atin ay hangang ngayon ay wala pa ring ipon para sa kinabukasan. Gusto kong ibahagi sa inyo ang aking natutunan kung pano nga ba tamang pagiisip sa pagiipon ng pera.

Tips on saving Money

1.Set your Goals - ang pagkakaroon ng motivation sa sarili ay isang magandang paraan upang makapagipon ng pera. Kailangan lang na alamin natin kung ano ang gagawin natin sa pera. Kung ito ba ay para sa iyong pangarap na bahay, kotse, laptop; kung ito ba ay para sa iyong pagpapakasal, sa pag aaral ng iyong mga, o sa iyong pagreretiro. 

2. Make it a habit - parang nanood ng telibisyon o nakikinig ng radio araw-araw. Ibig sabihin kapag nasanay ka ng gawin ito hindi mo namamalayan na Malaki na ang naiipon mo. Gawin mo ito bilang bahagi ng buhay mo. Kahit paunti-unti o pabarya-barya ang mahalaga may naiipon ka. Pwede mong gawin sa bahay everyday at ilagay sa alkansya pagkatapos ay isave mo sa bangko every week upang hindi mo magalaw ang pera.

3. Live below your means - matutong makuntento kung anung meron sayo. Kung ano lang ang kailangan mo sa araw-araw na buhay yun lang ang gastusan mo. Hindi mo kailangan bumili ng mamahaling gamit o branded ang mahalaga nasusuportahan mo ang pangunahin mong pangagailangan.

4.Identify the needs and wants – ang dalawang ito ay magkaiba sapagkat ang needs ito yung mga bagay hindi tayo mabubuhay kung wala ito gaya ng bahay, pagkain, damit. Ang wants naman ay ang mga bagay na pwede tayong mabuhay kahit wala ito gaya ng gadgets, appliances, mamahaling accessories, at iba pa. Alamin mo yung mga bagay na dapat mong bibilhin kung ito ba ay needs or wants.

5. Create a budget – mahalagang malaman natin kung saan napupunta yun perang ginagastusan natin upang maalis natin ung mga bagay na hindi naman kailangan pag gastusan. Isang paraan din ito upang malaman natin kung magkano ang halaga na pwede natin maisave every month.

6. Create another source income- huwag magdepende sa maliit na sahod mo. Gumawa ng bagay na pwede pagkakitaan tulad ng buy and sell items o kay pag eeload business para makakadagdag sa ipon.