Spender, Saver or Investor: Which one are you?

Spender, Saver or Investor
Which one are you?

There were three siblings who inherited a sum of  ₱300,000 from the sale of a small parcel of land, which their deceased parents left to them. They agreed to divide the money, and all take equal share then left.

The first one is Jojo, the eldest of the three. Upon receiving the money, he imagined a lot of things he can buy and do with it. He immediately went to the nearest department store and buy all the things he wanted: new clothes, new shoes, new pants, new cellphone, new computer and splurge himself on that very day. The next day, he woke up with all the things he bought the previous day and found out that all the money he got was spent to the last penny. 

The second child is Julius, quite a bit of a saver. He is afraid to take risk and always on the safe side. Since he don’t know what to do yet with the money, he immediately went to the bank the other day. He has a friend working in the bank and he approached him. To maximize the interest of the money, he wanted to avail the time deposit which will give his money the 5% interest rate. And so he deposited all his money in the bank.

The third child is Don, a business minded person and quite a risk taker. From the start the he held the money on his palm, he already knew what he needed to do. He wanted to start up his own business and invest the rest  to maximize the profit and give him the best return. He approached successful business minded friends for advise and how they started up and friends who also invested their money, whats the best investment and why, his friends shared their experiences and best practices but also warned him of the possible risk as well. As they said, Everything is a Risk nowadays. Even doing nothing is a risk, if you follow the successful and practice the right attitude you can get twice or even more from your start up capital. If not, you can always put your money in the bank and hope 5% is enough for your future. Don understood and knew the risk and agreed on it.

Past forward, it’s been 30 years since the three siblings receive their ₱100,000 each from the sale of the small parcel of land they inherited from their parents.

Jojo, as expected turned out to be the poorest among them. He spent all the money he got 30 years ago and now living in a day time job with a very small income. Sometimes not enough to support his family of two.

Julius, the second child and a saver decided to go to the bank and check his money. He finally have something in mind to buy and he needed the money for it. His friend is still working on that bank and he approached him. He told him he wanted to withdraw all his money and close the account. His friend then search their computer system and see how much his money is after 30 years of long term deposit in the bank. To his surprise  he was informed by his friend that the ₱100,000 that he deposited 30 years ago was already  ₱432,000. However, there was a 20% tax on this kind of transaction. So from ₱432,000  he now have ₱370,000 after 30 years. He is not rich, still working his day job but have enough money for his expenses and able to support his family.

The third sibling Don, who started up his own business and invested his money is doing very well. During that time, their ups and downs in the market with some years even have negative growth. But due to his consistent investing on his personal growth and learning not only on different business,  overall,  his money grew yearly with average rate of 15%. Now, his total money is  ₱6.6 million. Don was so happy to know that he has millions of cash from the ₱100,000 he initially invested 30 years ago.

Spender, Saver and Investor. Which one are you now? Are you saving wisely for the future or spending all that you have for today?

>> 3 Years ago, Like most employees i was also financially struggling. Over worked, stressed and with no savings under my belt until i found a Money making Machine called GFI. Not only was i able to resigned from my work because of GFI, it gave me an opportunity to have more quality time with my family and secure my kids future as well.

If your interested to know more about GFI, just visit my Facebook page, add me and send me a PM and let me share to you "possibly" the greatest opportunity you'll ever do

https://www.facebook.com/dondy.gonzales

Cheers!!

Play Now then Pay Later or Pay Now then Play Later, Which one are you?

Have you ever heard of the phrase or quote  " Play now then pay later or Pay now then play later"? or to be more specific "You can pay now and play later OR you can Play now and pay later. Either way you have to pay" as per John Maxwell

This is a very common quote used in any seminars or conference specially related to financials. But what does it really mean? I can associate a word to this quote that for me leans toward "Paying now so i can play later", whats that word? "Delayed Gratification"

As per our trusted Wikipedia "Delayed Gratification" or deferred gratification is the ability to resist temptation for an immediate reward and wait for a later reward. Its the patience to wait for that greater long term reward rater than the small short term ones. 

In regards to Financial Freedom, wait whats Financial Freedom?

Again as per Wikipedia Financial Freedom is described as the state of having sufficient personal wealth to live without having to work actively for basic necessities or simply put the capability to buy or spend without looking at the price tag and having the financial security knowing there's more where that came from =)  (that's my definition anyways hehe)

Going back, Financial Freedom is the goal or dream of any person and the quote mentioned above directly affects our Financial Freedom. How? Its the choices we make in the process that affect the end goal which is Financial Freedom. Simply put most people would rather "Play it now then Pay it later, for example, buying "stuffs" (gadgets,shoes) taking that vacation, parties and such then Paying for it afterwards with greater Time and effort. While "some"  will "Pay it now, then Play later". these are the people who will save and invest now, instead of buying that new phone or taking that short vacation so that in the long run they can get that house or that dream car.

I have met a lot of people who have chosen to "Pay now" and share these characteristics:

• Live on less than they earn
• Choose to invest and save for their long term goals

Because they are "paying now" they are going to be able to play later while  those who chose to "Play now" and while the fun lasted when its time to "Pay" its not Fun anymore =(

So how do we get to Financial Freedom? The answer lies in Savings and Investment! Now, most people will say that Savings and Investing is nearly impossible for them as their current income is not even enough. So they will put Savings and Investing on the sides for a later future when they get an "extra income" but how and when will that happen? Rather than looking down on our primary source of income, why not check a solution that's in reach but mostly overlooked.

Whats that? Our lifestyle and spending habits is one factor that we can look into and work on. If you look at our lifestyle and spending habits, its not the amount that's an issue but the "Will to save and invest" is our challenge! When a person has the "Will" to do it, then it can be done!

As i read before "Savings is not proportionate to the amount of money you earn but rather the amount of money you save from your income. As we all know, expenses is directly proportional to the amount of income that we have. The higher it is, the higher our expenses as well. In short, if we want to save, let’s take a look at how we spend our money and look for ways to decrease expenses and increase savings"

Lets look at some examples to illustrate and prove that if we have the "Will to save and invest", look at what will happen 

I know most of us drink Starbucks coffee, coming from the BPO industry, the coffee chains have been synonymous to us either for the coffee experience or for some the "status" . Assuming per order is around 200Php and you consume around 5 orders per month or even more. Instead of having this, you can change your spending habits and lets say trim down on the coffee or opt in for a more affordable coffee. Now look at this, most of the BPO employees nowadays earn 10,000 per cut off or roughly 20k in a month (give or take). Now what happens when you spend on that coffee every month that's 1000 as an expense and continue that for 12 months or 1 year that totals to 78,000Php for your coffee,  "Play now then Pay Later". Now you might say, really? who drinks that much coffee anyways! Well 9 years in the industry and Yes, people drink that much coffee (for what ever reasons) were not even taking in account those pastries consumed or lets say drinking or vices. Now i'm not saying Coffee is bad, my point is plain and simple, can you imagine what you can save and earn if you used that money wisely instead.

Now, lets say you take part of that 10k salary and instead of spending it, we chose to invest it, looking at a long term goal "Pay Now and Play Later". Lets say that investment cost 8900 and its earns exponentially every month (by the way, the figures onward are the actual figures you can earn) As any, legal and secured business, its a long term plan and as mentioned its exponential so even though the earnings at the start are at minimal in the 1 year sample it doubles, triples and continue to grow even becoming passive from an active income. That's more than 100% returns and by this time you can drink any Starbucks frap or coffee you want even at multiple times, everyday! 

How about the latest gadgets like phones and cameras? Do you really need that stuff? Is it a necessity or a luxury we try to live by today? Lets say your buying the latest phone every 3 months and it cost around 30,000php (take note that the latest Iphone actually cost around 50k). Thats 120,000php in a year compared if your already earning exponentially! Not to mention that gadgets like all liabilities, there values may go down as time goes by.  

The list of samples can go on, from shoes, clothes, bags, vices even unscheduled travels. On the other hand, what if we play it smarter and think long terms. What if think "Pay now then Play later", delayed Gratification,  this is what all rich people think and do with. What can happen to you  and what can you accomplish 5 or 10 years from now with just 2-3 years of sacrifice and disciple. Will you have that very own house or that fully paid car?

Now nobody said, getting rich and having Financial Freedom will be easy, it requires a lot of hard work and disciple but more importantly it takes "Will"

Can you sacrifice today for a better and brighter tomorrow?

If we only  practice the right money and spending habits, live by the "Pay now and Play Later"/Delayed Gratification principle then truly we can live abundantly for the years to come! 



>> 3 Years ago, Like most employees i was also financially struggling. Over worked, stressed and with no savings under my belt until i found a Money making Machine called GFI. Not only was i able to resigned from my work because of GFI, it gave me an opportunity to have more quality time with my family and secure my kids future as well.

If your interested to know more about GFI, just visit my Facebook page, add me and send me a PM and let me share to you "possibly" the greatest opportunity you'll ever do

https://www.facebook.com/dondy.gonzales

Cheers!!

“Pare, Can I Borrow Money? I Need It for My Son’s Birthday”

I have an acquaintance who has been a hard working employee, achiever and career oriented in a sense. Indeed he was making a lot of money from his work at the call center industry.  

But there is one problem. Whenever he gets paid thousands, he spends them all on things that are on his wishlists. Daily, Weekly and Monthly wishlists.

Recently, Mr. Acquaintance started to lose his edge in his work. For reasons like "nobody is getting any younger" and call center work is a competitive, number driven industry. If Mr. Acquaintance, cannot produce then his job is on the line. There are health reasons as well, internal politics and such. He could not earn as much as what he was earning a year or so ago. The items that are on his monthly wishlists have started to just remain as wishes.

I advised him to learn to save some for an emergency fund and then invest some more in other financial ventures like business for his long-term needs. Even at that point when he has little left on his hand, he said he’s okay and can still pull it off.

“Pare, Can I Borrow Money for My Son’s Birthday?“

One day, Mr. Acquaintance approached me and wanted to borrow money for his son’s upcoming birthday. He wanted to celebrate it in one of the famous fastfood chains for children in the Philippines. 

That will be Php25,000, please?

That being said, I gently declined his request and told him that I just have enough for daily needs. I did not mention anymore about saving and investing.

Here are the problems with Mr. Acquaintance:

1. He did not have any long-term financial goals.

2. He believed that he can rely solely on his work for his family’s living expenses. He did not diversify his money.

3. He did not save money

4. He did not cut his bad spending habits and borrowing. He would even borrow money just to satisfy their wants and lavishness.

5. He continuously refuses to learn how to invest for his and his family’s future through various financial instruments even if the opportunities are already presenting itself.
 

If you were in my position, would you lend him money? What would be your advice to Mr. Acquaintance? You may list them down on the comment section below.

May you all practice smart financial decisions and be fruitful living this 2013!

P.S1 I used to be from the BPO as well, from CSA-Quality-Training to Operations, from one center to another for almost 8 years. Like most, i used to live pay check to pay check with minimal savings and kept "WORKING HARD", refusing to look at financial opportunities until one turning point that made me realized that i dont want to "just" survive then grow old and broke.

Now i choose to "WORK SMART"!

Discover what helped me fixed my finances and provide for my family for the past 2 years and is & will be one of the best made decisions in my life and career!

Be Inspired and Learn more HERE



Credits to burngutierrez.com for the original article

Top tips for the budding online marketer

    Top tips for the budding online marketer

Have you asked yourself this questions repeatedly, How can i use the internet to market my products? What do i need to know and do to be a successful online marketer or "Technopreneur"? How and Where do is start? 

The web offers savvy marketers the opportunity and free tools to help grow their business. Whether big or small, firms can easily leverage these free tools to successfully run and reap the benefits of an online marketing campaign. You will be amazed how some 1st timers are even using Facebook to buy and sell "knick knacks" and earn hundreds if not thousands at the comfort of their own home.

Here are five key questions and tips to help you plan  and execute your online marketing campaign like a pro. 

Five Key Questions to Ask Yourself
1. What is the goal of your campaign? Sounds basic enough, but specifying what you want your campaign to achieve can really help you narrow down the details your plan. While you may have a number of marketing goals, focus on the most important one to start. For example, a small shoe store may identify “selling 100 pairs of shoes in one month” as their primary goal, or an online gadget store may aim to “gain 1,000 unique visitors a week.”

2. What are you trying to market? Pick out the product or service you want to market. This may be your best-seller or one of your lesser known products or services. Picking too many products or services can lead to an incoherent and ultimately, ineffective, campaign.

3. Who is your audience? It is important to identify who your audience is, as this criteria will help refine what actions to take to implement your marketing strategy. Is your product or service best suited for women aged 20-30 years old? Or are you looking to attract new customers from a specific demographic?

Once you know who your intended audience is, you’ll be able to understand their online behavior and shape your marketing plan accordingly. For example, if your intended audience uses search engines to look for information on products and services, then a search marketing campaign may be just what you need to engage with them.

4. How is your audience accessing your site? It’s important to know whether your audience is looking for you via desktop devices or using mobile search. Google’s data shows that around 66 percent of shopping-related searches are coming from mobile. And Filipinos are increasingly turning to their smartphones for answers as well. Research shows that around  64 percent of Filipino households already own at least one smartphone and more -- over 35 percent -- Filipinos intend to purchase smartphones this year.

So even if you have a great desktop website, you may still be missing out on potential customers by neglecting to create a mobile-optimised site.

5. What’s your budget? Your marketing plan will affect and be affected by your budget. Find a balance between what your needs are -- perhaps you don’t really need that banner ad and instead a smaller text ad may do the trick -- and what you can afford to optimise your investment. 

Most importantly, most sites right now offer free advertisements and what really cost are the extra options, tools or added features to your campaign so manage and select what is more important. For example, www.Ebay.ph, offers free adverts and what really cost are extra's like themes, extra pictures and exposure. So check each option, dont just ignore or pick them all.

Cheers!

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5 Myths About Being An Entrepreneur

5 Myths About 

Being An

Entrepreneur

If you’re looking for a feel good post about why you should quit your secure 9 to 5 job and become an entrepreneur, this is not the post for you. Being an entrepreneur is great and I wouldn’t trade it for a desk job, but there are some things aspiring (or existing) entrepreneurs should know.

#1 You’re going to be insanely successful. You are not the next Mark Zuckerberg. Sorry, you’re not and I’m not. If you have the idea that you’re going to sit down and create the next Facebook and be worth billions of dollars in seven to 10 years, it’s not going to happen. Am I saying it’s not good to dream big? No. I’m saying there is only one Facebook and only one Mark Zuckerberg in this world.

#2 Entrepreneurs have a very flexible work schedule. They can work three to four hours a day and have plenty of time to goof off. I know I’m not alone when I say that entrepreneurs don’t have the luxury of ending our workday abruptly at 5pm. When you own your own company or work for someone who does, you have to put in the extra hours and the extra effort to make things happen. If you aren’t ready to work some pretty long days, you probably aren’t cut out for being an entrepreneur.

#3 Entrepreneurs can take off when they want — after all, you’re the boss, right? Remember all those times you used to be able to party on random nights of the week or just take off for a weekend with your friends? Not if you want to keep your business afloat the first year (or two, three, four, etc). Now I’m not saying you won’t ever get time off, but most entrepreneurs live, eat and breathe their businesses and a lot of times partying gets pushed to the wayside. What’s more important: Doing keg stands with college buddies or generating income so you can pay bills the next couple months?

#4 Working from home means you’ll have more time for your relationship, your pets, taking care of your home, etc. Wrong. Because you work from home, it’s like you live in this constant state of never finishing anything. You start cleaning the dishes and then think of a great idea or feature for your company. Instead of taking your significant other out to a nice meal, you ask to get drive thru so you can get back to work quicker. I can’t tell you how many times I’ve looked over at my dog and it looks like he’s crossing his legs because he needs to go outside (and I love my dog to death!).

#5 Everyone wants to have your job. I’m guessing it’s because people genuinely don’t love their jobs, but they think you have this perfect setup where you get to work and play all day long. I always hear things like “At least you don’t have to deal with a commute” or “I have so many worthless meetings and calls, you’re lucky”. Do you want to trade the last three days I worked 18 hours and had to go above and beyond to appease clients? No, no you don’t.

For all the starving entrepreneurs out there, keep fighting the good fight. We’re all doing things we love and enjoy, and that’s what matters. I may not be building the next Facebook, but I am excited about controlling my own destiny and knowing the harder I work, the more results I see.

Cheers!

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10 Worst People In MLM

           10 Worst People In MLM

I read this article from one of my Facebook Groups recently and i cant help but share it to others in hopes to enlighten some people if not shake and wake them up to the importance of work ethics and proper attitude towards MLM.

First of all, these names names used here are fictional in nature and are not tied to any specific person. So…if I use a name here and it happens to be your first name and the badness applies to you, then it’s simply coincidental in nature.

Also, this people do not reflect any specific company, rather it reflects specific work ethics and/or attitudes of individuals that are detrimental to any industry. 

As a disclaimer that i read in the original article: This post is sure to piss someone off. If it does, then a good idea would be to look in the mirror and ask yourself, “Why does this make me so mad?” 


You ready? This is gonna be fun. 


#10 Wayne the Whiner: This poor fella is so focused on what’s wrong that he spends more time with tissues than in training. He’s so busy wiping his nose that he just missed out on the person in front of him that said they wanted to join. He’s one of those guys that eventually become a “red button” person on your cell phone. If you don’t get that, look at your cell phone and imagine him calling you. You can push one of two buttons, red or green. 

#9 Erin the Exaggerator: Erin makes some money, but far less than she tells everyone. She walks around bragging about how big her volume is and how large her check, only to get caught one day when she forgot to log out of her genealogy report and a friend got a chance to see what she was REALLY making. That friend took a screen shot of her report and posted it up on Facebook for everyone to see. The sad thing is that she actually had a pretty decent check, one that a lot of people would be thrilled to have, so there was no need to exaggerate. Ooops! There went the reputation…and it didn’t even have to go that way. 

#8 Dick: This particular person doesn’t need to be called by any other name. He needs no first or last name, it speaks for itself. He is one of those guys that treats his downline like trash, failing to realize that this is actually a volunteer sport that people do because they want to, not because they are forced to. Dick goes on every day pointing his finger at people telling them what to do, while all the while he does nothing. Dick isn’t very nice. And…Dick’s team is dwindling. Dick is experiencing team shrinkage. If Dick would simply smile more and be more kind, he’d realize that people would stay. 

#7 Crossline Chrissy: Poor girl thinks she is God’s greatest gift to network marketing and that her company is the only game in town. She goes around writing letters to people in different companies offering them a “spot” and a unique opportunity to take part in the greatest thing that has ever lived, putting all others down. She spends most of her time recruiting people from other companies rather than actually growing our profession, showing her true weakness. Instead of “lifting up” our space, she degrades it. The thing is, her company is actually pretty decent and she’d likely make a more positive and lasting impact on the world if she just focused on talking to people that NEED or WANT an opportunity, rather than stealing from someone else. 

#6: Johnny the Jumper: Johnny is well-liked by most…at least for a while. He has a really great personality, but no patience. He’s actually pretty decent at recruiting, mostly because he’s fairly charming. Unfortunately, his fatal flaw is the inability to stick to something for more than a couple of months. After about 15 deals, Johnny’s friends no longer follow him. The last time I saw Johnny, he was making sandwiches in a Deli down in Orlando. 

#5: The King of Whales: This dude talks all the time about “how all the whales are coming in”. He’s one of those guys that you NEVER ever hear from until he’s onto the next deal. Then…when he calls you, it’s like you are his greatest pal ever. You’re the BEST of friends, even though the last time you talked was nine months ago when he was pitching you something else. You’ve heard this so many times before that you can literally lip it…wait, here it comes, “Todd…all the whales are coming in.” I chuckle every time he calls. 

#4: Blaming Billy: This guy is always talking about how his sponsor wasn’t good enough, or how the system sucked. All the while, every company he has ever been in, people are making money. It’s always somebody else’s fault and never his. Poor Billy goes through life pointing fingers and assessing blame. The best thing for him to do what be to go to the carnival and enter the House of Mirrors ride. There…yes, there is where he will find his answer. 

#3: I’m going to make you…Rich: I’ve met Rich a whole bunch of times. Rich talks a lot…until he’s gone. Rich comes in and never listens because he knows it all, even though he’s never made a dime in this profession. He talks about all the volume he is going to create and how you’ll never have to work again a day in your life now that you have him in your downline. Rich was done the moment he opened his mouth. He’s cursed. I’ve met many Rich’s in my day and NONE have ever done anything. 

#2: Paralyzed Paula: Poor girl is scared of her own shadow. Wants to make money for sure, but can’t seem to get out of her own way for even a second. Paula keeps looking for all the answers even though she’s already been given access to all of them. Paula keeps calling you asking for help, even though you’ve given it to her time and time again, and even offered to make calls with her. She starts calling around to others on the team asking for help, insinuating that you’re not willing to assist. Interesting girl. Have you met her?

#1 Reinventing Rhonda: She saved up her money for almost two years to join YOUR team. She’s so excited to “finally” be working with you and to follow your lead. Bummer though. She won’t listen to jack. She knows you’re a leader in the business and that you have a long and proven track record of success, but she’s going to do it “her” way, all the while “saying” she is teachable. Then…she gets mad at you two months into the deal because you have stopped returning her calls. She hasn’t done ONE thing you suggested. She didn’t go to the training site, hasn’t attended an event, isn’t going to conference, and hasn’t event talked to one person in her warm market. Now…in her mind, it’s your fault. Crazy how things work, huh?

So…those are 10. There are more, but since I talked about 10 in this post, I will keep it there. Do you know any of these people?? Ever had the pleasure of working with them? 




"Thanks to Eric Worre, for sharing this article"


Cheers!

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Can you earn BIG money and get RICH in employment?

First of all, before you continue reading this article, let me already advise that this may hit "some nerve" for some people. As they say, "the truth hurts but it will set you free". Now if you are not open to others ideas and creative criticisms then, please don’t read any further but if you are open to others ideas and feel that this is an article meant to help you then, enjoy.

I have been catching on my readings, as well as some bonding moments with my peers and I realized I’m always being bombarded by stories about how hard it is being an employee specifically on the financial aspect. So I made some research online, gathered some experiences and stories and this is what I got.

Honestly, this is a crucial everyday topic already that I am well accompanied to as well, so I used to share the same sentiments and as it looks, not much has changed.

I don't want to say that nobody gets rich in employment, period, since I have read some items that are an exception that does make sense. Here are the exceptions:

1) Employees invest their hard earned money (retirement pay more or less). This is no trivial task since some have taken years to even save in the first place to actually invest it. I know a lot that was only able to invest upon retirement or near that age.

         a) Some would invest in traditional business like water refilling stations (I know a family friend who did this, father retires then invested in the province)
         b) A few will invest in bonds, shares and mutual funds. As much as this is  a enticing and could be lucrative, these are no items for beginners and a lot lose big money from the start due to lack of information and experience.  I suggest you equip yourself first with all the information you can get and an experience mentor/adviser before even attempting this one.
         c) And of course there is the MLM opportunity. Low capital, minimal risk and high returns. Now I will not focus on this for now since I am an active part of the industry and I’m not here to up sell myself.

But in reality while you’re tied in your employee career for the next few decades and have not saved that sum of money, these are what most people are doing.

1) Have you seen and met colleagues selling all sorts of knick knacks and homemade delights? Yes, this is what most are doing part time to make ends meet. Now there is nothing wrong with this, it is an honest source of income and hard work as well. In my Manager career, I was even a loyal buyer from some staff and sometimes a promoter (Christmas cookies or cakes anyone? hers are delicious) so next time, somebody tells you " i don’t like to sell anything" one point of your life you actually sold something from small knick knacks to an idea. Promoting is still selling.

2) Need insurance? Oh yeah, there are a lot of them as well =) insurance is not a bad investment, in fact one of my mentor is worth 20 million in insurance alone. He even said that insurance is a great investment for your money once you have a money generating machine other than your work because if this comes from your pay slip alone, it’s still an expense that could be challenging to maintain.

3) Are you looking for a house or maybe a condo? Honestly, if any of them offered me a place within my choice of locality I could have gotten one then but laguna, taytay and montalban was too far for me back them. Again, another good source but this is more of one time big time for me. No sale no allowance, it’s like selling cars.

4) Pautang (lending money)....too risky for me. Especially in the BPO industry I know a lot of very notorious people and horror stories about this. Again, if your good at harassing people to pay up (just kidding, not always the scenario) then 3%-5% interest are high returns ( Kapit sa patalim people, I know a lot of them. Sadly, some could have avoid this with a little good choices and decisions)

5)  And of course there is the MLM opportunity. Low capital, minimal risk and high returns. 

6) I don’t even want to tackle the shady deals but YES, there are a lot of them. Back then I even know people who would take coupons and make up liquidation reports just to kick some extra. Not recommendable by my standards.

But this has nothing to do with your work directly, what can you do with your work that can give you the chance to earn big? Just one way and that is through “Promotion”

Have you heard of the 80%-20% rule? 80% of the money and compensation only goes to the 20% population. That 20% is such a small percentage to move into especially since that 20% is limited to a number of allocations only. What am I talking about? That 20% is your corporate leaders and managerial positions and trust me they’re not going to give those positions easily because they themselves got it through hook or crook (just an expression)


If i may quote this line from a article from Phil daily inquirer
"It is evident that long years of dedicated service are not the key to making big money out of employment.

This is bad news for employees who have been programmed to believe that as long as they continue to make the businessman rich, they too will get rich when they retire. When successful businessmen retire, they wallow in luxury. When an average Joe retires, he either invests his hard earned retirement money
wrongly, loses medical benefits for sicknesses he contracted as an employee, or simply squanders his big money that he wasn't used to have all his life. Ces't la vie."

Yes, the only option to technically earn big in your work or employee career is be promoted and keep being promoted. Note that I said "technically" not "ethically", you know what I mean.

So what do you need to prepare yourself for the corporate “Rat Race”

Its smart to start in a good company, Why? Promotion requires time and a lot of effort and the last thing you want is to invest those in the wrong company or career path.  Always work with your options, don’t just jump on the first ship that will offer you a ride. Be smart and do your home work about the company and your possible growth path but again this is no easy feat. Everybody has the same idea as you and some may even have the better school and credentials. be ready to fight for that position if you don’t want to be just a average joe at the office.

Your talents and skills. This is your value to the company. The more you have this, the more valuable you are.

Always learn and keep learning. It adds to your value. 

Always have the edge compared to your peers and competition (friendly of course) Always remember, at the end of the day you are still a number to the company and a number away from the next replacement. Number can pertain to stats, deliveries, sales or success rates/projects.

Yes, Attitude is still important. For me at least, when I screen new candidates for positions I take in greater consideration over talent or skill is the person’s attitude and interpersonal skills. Anything can be learned and taught but attitude can make and break everything not to mention you don’t learn this overnight. 

Experience is always the first requirement that all people ask for so be prepared to burn a lot of time to acquire experience. Yes, you can say some get lucky but as a standard, experience is the first thing to check.

Most importantly, be well informed. Office politics anyone? If you’re not aware of your own place politics well, let’s just say it’s an advantage to be in the know. By the way this can make or break you, even if you’re the best in the game, be warned it’s not a fair ball out there.

Hopefully, I didn’t forget anything. Give or take that is what they or you will have to look for if you want to climb that ladder and run that race. As for me, I’ve been there, it was an experience and I would say people can go through the same experience so they can get their own experience and learn the same values because at the end of the day even the big guys in my old companies were always on the lookout for the next opportunity to earn more. I’ll be honest, resources can do a lot in life that’s why admit it or not everybody is looking for chance to earn. There is nothing wrong with money especially if it will make the life of your love ones more comfortable.

As i was always advised, there is no such thing as easy money or easy way. There are always challenges but nobody said that we cant be smarter and handle it better.

The only question I leave you is this, given the chance would you prefer to earn 100,000 thousand after years of hard work when you can earn the same amount in half of that time or even months? Nothing is impossible, there is a lot of ways to earn and some may even know something that’s not included in this article but the point is opportunities are just a waste when you don’t give it a chance.

Rather start young, since you’re going to do business when you’re old anyway.