ANG GULO NYONG MAGPALIWANAG
they're lying through their noses. 
mejo malayo naman ang los banos sa pasig di ba? bakit ka pupunta dun para umiwas sa traffic? hahahaha.
at akala ko ba pinagbabawalang magtext si lozada nung nagtetettext siya? eh bat sabi nya kanina low bat siya? ano ba talaga, kuya?
low bat ka ba at di ka makagamit ng cellphone mo o hinde?
--
Feb 10, 2008 Sun
I've been stuck here in some hotel room with nothing else to do but sleep and read Rich Dad, Poor Dad by Robert Kiyosaki until the sky breaks into another day of pounding the streets to do back-breaking work.
Anyway, most of Kiyosaki has written were already discussed in my crash-course “MBA” recently. The difference was that my professors were talking about corporations' balance sheets and income statements whereas Kiyosaki was talking about personal balance sheets and income statements. But basically what they were talking about is the same thing: building assets that would generate income and diminish liabilities. Simple enough but very hard to do and difficult to stick to.
What separates mediocre people and corporations from the good ones is the ability to spot an opportunity. In Kiyosaki's case, he was able to spot a $70,000-real estate that was sold for $20,000 and bought it only to be sold after a few hours for $60,000 – which the buyer thought was already a bargain. Imagine, he was able to make a handsome $40,000-profit in just a few hours with nothing but talk as investment. My professor in my crash course MBA also told a similar story only the item involved was a used car peddled by his car salesman cousin.
Other Half and I twice had opportunities that allowed us to make a lot of money from it...and it made a lot of difference that we had cash to grab the opportunity. By the time the opportunity lost its luster, we already made money from it and we can walk away. And now we're already into our second opportunity...
and I am struggling to keep my money plant alive (yey! It's almost 1 year old!) given to me by a Hong Kong Chinese businessman to give me luck.
It's mostly Other Half who sees the great opportunities because he is a risk-taker while I am a conservative business person who can take on the nitty-gritty aspects of the business – which my husband is loathe to immerse himself with (I sound like a bean counter). I can read income statements and balance sheets and do the reading/interpretation of the technical and fundamental stuff using my limited knowledge I acquired in my job while Other Half can give me the shove in making investment decisions.
Sounds perfect right? Not really. We violated every rule in Kiyosaki's book since the income we generated from our business was spent on luxuries like vacations and other stupid knick-knacks that I cannot trace where our money went. It is only now that we are shoring up our excess income into assets, not liabilities. The only investment I think that we did during all those years we were doing our buy and sell business was beefing up our computer set-up. I call that investment since it generates us income.
It also helps that my mother often lecture us about money matters so much so this statement always ring in my head: luxuries should not be bought with debt. For years I violated that also and it is only now that I get to pay off my credit card debts. One card is nearing “zero balance” and I am gonna cut the card in half within the next 2 or three months. Yey!
My parents were never debt-ridden except for the house under GSIS loan and I think my mother already paid it off fully last year. But they were such misers. on hindsight, it was a good thing they were not spenders so somehow their discipline may rub off on us.
What keeps me going is that Other Half and I know that we would never be financially secure if we continue to rely only on our day jobs – especially me who only receives a pittance of a salary. There has to be some other way.
Kiyosaki does not recommend leaving one's day job immediately. He was only able to leave his day job in Xerox when his business was already giving him more what he receives from his day job. And to think he was the number salesman at that time.
Oohh. I think I'll be with my day job for a quite a while. *sniff*
Gotta get out of this hotel room before I rot and type more nonsense into this blog. Gotta grab my supper. Tah tah.
mejo malayo naman ang los banos sa pasig di ba? bakit ka pupunta dun para umiwas sa traffic? hahahaha.
at akala ko ba pinagbabawalang magtext si lozada nung nagtetettext siya? eh bat sabi nya kanina low bat siya? ano ba talaga, kuya?
low bat ka ba at di ka makagamit ng cellphone mo o hinde?--
Feb 10, 2008 Sun
I've been stuck here in some hotel room with nothing else to do but sleep and read Rich Dad, Poor Dad by Robert Kiyosaki until the sky breaks into another day of pounding the streets to do back-breaking work.
Anyway, most of Kiyosaki has written were already discussed in my crash-course “MBA” recently. The difference was that my professors were talking about corporations' balance sheets and income statements whereas Kiyosaki was talking about personal balance sheets and income statements. But basically what they were talking about is the same thing: building assets that would generate income and diminish liabilities. Simple enough but very hard to do and difficult to stick to.
What separates mediocre people and corporations from the good ones is the ability to spot an opportunity. In Kiyosaki's case, he was able to spot a $70,000-real estate that was sold for $20,000 and bought it only to be sold after a few hours for $60,000 – which the buyer thought was already a bargain. Imagine, he was able to make a handsome $40,000-profit in just a few hours with nothing but talk as investment. My professor in my crash course MBA also told a similar story only the item involved was a used car peddled by his car salesman cousin.
Other Half and I twice had opportunities that allowed us to make a lot of money from it...and it made a lot of difference that we had cash to grab the opportunity. By the time the opportunity lost its luster, we already made money from it and we can walk away. And now we're already into our second opportunity...
and I am struggling to keep my money plant alive (yey! It's almost 1 year old!) given to me by a Hong Kong Chinese businessman to give me luck.
It's mostly Other Half who sees the great opportunities because he is a risk-taker while I am a conservative business person who can take on the nitty-gritty aspects of the business – which my husband is loathe to immerse himself with (I sound like a bean counter). I can read income statements and balance sheets and do the reading/interpretation of the technical and fundamental stuff using my limited knowledge I acquired in my job while Other Half can give me the shove in making investment decisions.
Sounds perfect right? Not really. We violated every rule in Kiyosaki's book since the income we generated from our business was spent on luxuries like vacations and other stupid knick-knacks that I cannot trace where our money went. It is only now that we are shoring up our excess income into assets, not liabilities. The only investment I think that we did during all those years we were doing our buy and sell business was beefing up our computer set-up. I call that investment since it generates us income.
It also helps that my mother often lecture us about money matters so much so this statement always ring in my head: luxuries should not be bought with debt. For years I violated that also and it is only now that I get to pay off my credit card debts. One card is nearing “zero balance” and I am gonna cut the card in half within the next 2 or three months. Yey!
My parents were never debt-ridden except for the house under GSIS loan and I think my mother already paid it off fully last year. But they were such misers. on hindsight, it was a good thing they were not spenders so somehow their discipline may rub off on us.
What keeps me going is that Other Half and I know that we would never be financially secure if we continue to rely only on our day jobs – especially me who only receives a pittance of a salary. There has to be some other way.
Kiyosaki does not recommend leaving one's day job immediately. He was only able to leave his day job in Xerox when his business was already giving him more what he receives from his day job. And to think he was the number salesman at that time.
Oohh. I think I'll be with my day job for a quite a while. *sniff*
Gotta get out of this hotel room before I rot and type more nonsense into this blog. Gotta grab my supper. Tah tah.
