STEPS TO FINANCIAL BREAKTHROUGH PART 4

In this last chapter of our series steps to financial breakthrough we will discuss stories of person’s who never gave up on their dreams and became millionaires. One trait of a future millionaire is that he or she possesses a giving heart or generosity. Opo, tama po yung sinasabi sa Bible na sinasabi “Give, and it will be given back to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you." Once kasi na tumulong ka, God will find a way to give back your goodness. Sabi nga ng matatanda, pag may tinanim may aanihin. Tandaan po natin na mas pinag papala ang mga mapag bigay. Below are some stories of Philippine Millionaires who went from rags to riches and now giving back their wealth to the good of humanity.

TONY TAN CAKTIONG
You know, being the son of a cook for a Buddhist temple can be a good jumping board for success. Tony was born in 1960 to a working-class family from Fujian, China. His family migrated to the Philippines after WWII. His father cooked for a Buddhist temple to feed the family and living on a tight budget was able to open a Chinese restaurant in Davao. As a young child, Tony became a busboy in the family business – cleaning tables, serving customers and washing the dishes.With his father’s perseverance, Tony earned a BS Chemical Engineering degree at UST (University of Sto. Tomas). Following the path of his father, Tony ventured into business buying ice cream parlor franchises, the once famous Magnolia Ice Cream House. He borrowed seed money from his family’s pooled savings. Finding out his customers longed to fill their stomachs before indulging in his cold treats, he offered burgers and chicken in his store. Soon enough, burgers outsold the ice cream products. As a result, Tony and his siblings decided to convert the now 6 ice cream parlors into burger restaurants. And named it Jollibee. Today, Tony is one of the richest in the country, and a certified billionaire with net worth of $1.25 Bn.
Now Jollibee is not only a worldwide brand but a foundation that gives scholarship to worthy indigenous students, also assists poor farmers and gave feeding programs.

JOHN GOCONGWEI
John Gokongwei was born in Fujian Province, China. His family migrated and thru business became well-off in Cebu, Philippines. However, John’s father died when he was 13 and with it their affluence. To support his mother and siblings, John peddled along the streets of Cebu and wet markets in various towns, selling soaps – anything and everything that can be carried on his bicycle. In effect, he became a market vendor, the youngest of his kind.
For bigger profit, he traded in Manila at the age of 17 transporting items by sea. Riding a small, sail-powered outrigger called a batel, the young Gokongwei braved the high seas. On one such trip, he had a brush with death as the batel hit a rock and capsized. Good thing he and fellow passengers were saved by clinging on to the rubber tires that he intended to sell. Soon Gokongwei ventured into business setting up his first company Amasia. He imported everything he can get from the U.S. (e.g., textile, newspapers, magazines, used clothing, cigarettes, whisky) and sold them in the country. With his good name established, he was able to secure a PhP 500,000 loan from China Bank to start a manufacturing business, putting up a corn milling plant and naming it Universal Robina. The rest is history. Today, John Gokongwei is one of the few billionaires in the country with estimated wealth of $4.2 Bn (2012).
Now John Gocongwei started giving back by opening GOKONGWEI BROTHERS FOUNDATION (GBF) Built on the conviction that education is one of the keys to a better future for the country, the Gokongwei Brothers Foundation (GBF) was set up in 1992 to help uplift the socio-economic condition of the Filipinos through the funding of educational projects.

LUCIO TAN
For a man that doesn’t smoke, it’s hard to believe Lucio Tan owns the biggest cigarette manufacturing company in the country, Fortune Tobacco.
Born also in Fujian Province, China on July 17, 1934 Mr. Tan had modest beginning. As a child he had to work in Bataan Tobacco Factory to help the family.
He was able to push himself to elementary and high school. Via a work-study program he earned some units at the University of the East for Chemical Engineering. Although unable to finish college, he saw the big opportunity and put up his own cigarette company in 1966 starting with just 2 cigarette-making machines. Eventually, he was able to introduce such budget brands as “Hope”.
He never looked back and through his sharp business acumen was able to salvage dying businesses and grow them to dynamic structures. Examples include Philippine Airlines and Tanduay Distillers. Today 80% of the cigarette market in the Philippines is captured by his company and PAL is the leading carrier in the airline industry.
Fast forward Lucio Tan founded The Tan Yan Kee Foundation, Inc.  the corporate social responsibility arm of the Lucio Tan Group of Companies. For close to thirty years, TYKFI has been approaching corporate social responsibility from a holistic commitment framework targeting education, culture and sports; health and social welfare including environmental concerns; research; and manpower development.

HENRY SY
And now for the biggest of them all. His is the story of how one sari-sari store vendor became the “shopping mall king” of Asia.
Born on Christmas Day, 1923 in Xiamen, China, Henry Sy was introduced to retail early despite the poverty. In his early teens, the entire family moved to the Philippines and his father opened up a small variety store in Manila. Life was hard and with nowhere to sleep, the young Sy had to sleep inside the store clearing up the counters to do so.
WWII, however, destroyed that store to the sorrow of his father. Instead of giving up, Henry Sy pushed through earning income via buying and selling shoes from enterprising American G.I.s. The little success of his shoe-selling business inspired him to open up a small shoe store in Quiapo, Manila in 1958. He named it Shoe Mart.
By 1972, Henry Sy had transformed his small shoe store into his first standalone department store. Today, Mr. Sy is the richest business magnate in the Philippines, worth over $11.9 billion (2014) with a handful of his malls gracing the Top 25 biggest malls of the world.
Henry Sy founded The SM Foundation committed to serve by supporting and empowering host communities through education, healthcare, shelter, disaster response, farmers’ training, environmental programs and care for persons with special needs.

To be wealthy means to be a channel of blessing as true fulfillment in life lies when you give back to humanity.  “The one who blesses others is abundantly blessed; those who help others are helped.” Pag tumulong ka, ikaw ang unang pinapagpala as there are blessings that we received only when we give. Sabi nga sa spiderman “Comes great power, comes great responsibility”
I hope this blog helps and inspires you to be wealthy and be a blessing. Start now, Act now, Help now. Give now. God bless

STEPS TO FINANCIAL BREAKTHROUGH PART 3

Today we will study how to create wealth. Hindi lang sapat na may income tayo, dapat alam natin paano palaguin ito. Kadalasan kasi, alam lang nating kumita, pero ang hindi natin alam ay kung paano natin ito mapaparami.
a)      WE SHOULD HAVE A RICH MINDSET – Gaya ng napag aralan natin kanina, dapat mag simula sa isip natin ang pag yaman. We should remove that poor mindset and change it to a blessed mindset. Pinagpala ka kapatid. Bakit? Buhay ka pa. Marami ka pang magagawa sa buhay mo but first you should change your mindset. Paano ba malaman kung may poor mindset? Ganito yan, subukan mong magtanong sa mga kakilala mo ano pangarap nila. While some would dream big, some will just say “Gusto ko lang may maliit na bahay, konting ipon, maliit na sasakyan, lahat maliit!  Yung ibang magulang naman sasabihin sa anak, “mag aral kang mabuti para magkaruon ka ng magandang trabaho.” Kaya ang mga bata yun na din ang nagiging mindset. Let’s stop making small dreams. Let’s dream big! Let’s change our mindset to a blessed mindset. Let’s be a blessing to others. Kaya naman kung mababago ang ating mind setting. Having a rich mindset is our first step in creating wealth.
b)      HAVING A GOAL – Next step in creating wealth is to have a goal. Naka set na sa isip mo na gusto mo yumanan at maging pagpapala. Ngayon naman dapat may specific goal ka. Hindi kasi basta pwedeng sabihin na basta gusto mo yumaman lang or sabihin mo gusto mo maging milyonaryo. Dapat may goal ka. May specific amount ka na gusto ma achieved in a certain point of time. Halimbawa gusto mo maging milyonaryo. Ask yourself muna magkano para sayo ang kailangan para maging isang milyonaryo. Halimbawa gusto mo magkaruon ng 10 million pesos. Ang next question naman is kung hanggang kailan mo gusto ma reach itong 10 million pesos. Most of us will say we want to be a millionaire agad pero sad to say the only way we could achieved it is kung manalo ka sa lotto or kung mahukay mo ang Yamashita treasure in which napaka baba ng chances. Pag may goal ka, it has to be measurable. Malinaw na malinaw sayo ang lahat. Nakikita mo, nahahawakan mo na. Hindi po day dreaming ito kasi you are going to do something to achieve it. Pag  day dreaming lang, naka tulala ka lang at walang ginagawa.
c)      CREATE PASSIVE INCOME – Most of us get used of trading or time  for money. When we work, do business or do direct selling lahat yan pinapag palit natin ang oras natin sa pera. Ang tawag diyan ay active income or trading our time for money. Hindi naman ito masama, kaso ang problema lang paano kung magkasakit ka? Or di mo na kaya mag work, mawawalan ka na ng income. Paano na yung financial breakthrough na inaasam mo? Kaya’t while working or doing business create passive income streams. Ano ang passive income? Ito naman yung nga income na kahit natutulog ka pwede ka kumita. Meron ba nito? Meron po.  Napakaraming passive income na pwedeng simulan. Merong malaking capital meron naming maliit. Halimbawa nito ay yung pagtatayo ng coffee dispenser vendo. Kada may gusto mag kape, maghuhulog lang sila ng 5 pesos at presto may kape na sila. Take note, hindi ka nagtimpla, walang tindera. At kahit dis oras ng gabi kumita ka. Passive income din ang pagkakaruon ng apartment. Biro mo may regular kang kita buwan buwan na nagmumula sa renta ng iyong mga boarders. Marami pang ibang passive income na pwedeng simulan ng isang ordinaryong Pinoy na pwedeng magbigay sa kanya ng unlimited income kahit tulog. Maganda din sa isang OFW ang magkaruon ng mga ganitong income dahil di masyado kailangan ng man power at kahit nasa abroad pa sila ay pwede na nila itong simulan.
d)      GET INVESTMENTS – Isang way ng pag create ng wealth is to do investments. Ano ano ba ang pwedeng maging investment? Basically ang investment of assets ay ano mang bagay na pwedeng mag bigay ng income sa iyo. Realty or house and lot ay pwedeng maging asset kung every month nagbibigay ito ng income sa iyo kung ito ay pina pa upahan at may nagbabayad sa iyo ng renta buwan buwan.  Other example of investments are mutual bonds, government bonds, insurance, stock, digital currency like bitcoin at kahit gold ay pwedeng maging investment dahil habang tumatagal tumataas ang value nito.  Other way of making wealth is through investments of acquiring assets.
e)      PAY YOUR SELF FIRST – Ito naman ay isang paraan paano mo protektahan ang sarili mo, minsan kasi pag may income tayo ang nangyarari inuubos natin ito lahat pambayad ng bills at mga loans at wala ng natitira para sa investment at savings. Ayon kay Robert Kiyosaki, pag natanggap mo na ang income mo whether sahod ito or isang buwan na profit from business dapat mong I apply ang rule na  10-10-10-70. Ano yan? Ang unang 10% ay tithes, kagaya ng napag aralan natin sa chapter1, we should give our tithes to God. Next 10% goes to investing like buying stocks or mutual fund. Anything na tutubo. Next 10% goes to savings, para kahit ano mangyari may madudukot ka in times of emergency at yung last 70% ay pambayad sa bills at iyong operating expenses. In this way, every month may naitatabi kang pang invest at pang savings. You will be amaze how much you would save and invest in a yearn pag ginawa mo ito at pag nakita mo that you are growing money by saving and investing, gaganahan ka at lalong mag sisikap. Money can be a great motivator also.
f)       STOCKS versus BANKS – Isang bagay na hindi tinuturo sa atin sa school ay ang financial literacy. Although tinuturuan tayo ng ating mga magulang na mag impok sa bangko para may madudukot pag nanga ilangan. Sabi nga ng matatanda, pag may sinuksok may madudukot. Ang hindi natin alam ay magkano lamang ang tinutubo ng ating pera sa banko. Ayon sa www.imoney.ph; pinaka mataas mag patubo ang BDO sa interes na 1.25% per annum kaya’t kung ikaw ay may 30,000php, may tubo kang 375php sa isang taon. Pero kung mag withdraw ka na, subject to tax pa ang kinita mong 375php from bank interest kaya’t mas liliit pa ito. Isa pang nagpapababa ng halaga ng pera ay yung inflation or yung patuloy na pag taas ng bilihin. Halimbawa may 30,000php ka sa bangko; ang average inflation rate is 2.7% to 3% per year. Let say 3%, ibig sabihin ang value ng 30,000php mo next year ay 29,100php nalang dahil sa inflation. Kaya’t kumita ka man ng 1.25% per annum, kulang pa din. So ano ang option natin? I would suggest you to invest your money sa stock market or mutual fund. Kasi sa stock market, ang conservative annual average interest is 7% to 10%. Halimbawa, meron kang extra na 2000Php in every month, if you would invest it in the stock market in 20years meron kang mahigit 1 million pesos. Kung nasa banko lang ang pera mo, it would be almost 500 thousand lang in 20 years. Makikita mo na same money value, same number of years pero mag kaiba ang return. Kasi magkaiba ang interest rate. Ikaw san mas pipiliin mo itago ang pera mo? Kahit nasa abroad ka ngayon pwede mo na din ito simulan at pwede mo din ma monitor ang status at growth ng investment mo via internet. If you want more details, send me an email at danyael217@hotmail.com para ma assist kita in your road to millions.
g)      GOOD DEBT versus BAD DEBT – Sa start ng book na ito, if you would notice I always point to utang as bad debt. According kay Robert Kiyosaki, ang author ng bestselling book Rich dad, poor dad meron daw tinatawag na good debt and bad debt. Ano yun? The simplest definition is that bad debt simply takes out money from your pocket as good debt brings money in.
Alam mo ba na ginagawa ito ng mga mayayamang negosyante? Opo, umuutang sila sa bangko tapos ginagamit nila ito bilang puhunan sa negosyo kaya minsan nakapag patayo sila ng business without a capital kasi they use someone else’s money. At yung binabayad nila for amortization is also taken from the business itself. What happen is that after they paid their good debt, yung full profit ng business will go to their pockets. So next time you take a loan or use your credit card. Ask yourself, is this a good debt or bad debt.
h)      DISCOUNTS, REBATES AND POINTS – Another way to create wealth is through discounts, rebates and points. Alam mo ba ang mayayaman, the first thing they would ask if they will eat on a restaurant is kung anong credit card ba ang may discount. Hindi sila nahihiyang magtanong kasi discounts cost money also. Let’s say may 10% discount sila at ang bill nila ay umabot ng 1000php, automatically they save 100php. Tapos credit card pa ang ginamit nila pambayad. Alam mo ba na meron kang almost 50 days ka to pay your credit card without interest? Yes po pwede po yan. Kasi may cut off date cycle na 30days tapos meron ka pang 20days to pay bago mag due ito. Kaya kung marunong ka lang mag handle ng card, mabuti itong slave. But I warn you also, you have to have a strict self-control in using credit card kasi masama din itong master lalo na pag puro minimum payment nalang ang binanayad mo.
Like discounts, rebates can also save you cash kasi merong mga merchant that once you pay full on your bills, nag bibigay sila ng cash back. Sayang din yan. Money is still money kahit maliit lang. Last on my list is points, usong uso ngaun yang point system na yan for loyalty guest. It’s their way of capturing the customers’ para balik ng balik sa establishment nila and in return they will give points. Malaking bagay din ito kasi sabi ko nga this cost money also. These are just simple tips on how you can save and earn cash while you spend.

i)        DO NOT PROCRASTINATE – certainly if you want to get wealthy then you got to act now smartly. I’ve laid down almost all possible cards to help you in your financial journey to be wealthy which is proven and tested by millionaires and billionaires. For me the worst enemy of someone who wants to have a financial breakthrough is their self when they procrastinate. Yes it’s good to plan, but once planning is done you have to turn your plan into action otherwise walang mangyayari. " Ayan dapat tayong kumilos at wag matakot. Tandaan natin na ang umaayaw ay hindi nag wawagi at ang nagwawagi ay hindi umaayaw. Be like the ant na trabaho lang ng trabaho. Sabi sa Bible 14“Go to the ant, you sluggard; consider its ways and be wise!” Thomas Alba Edison the inventor of light bulb experienced 1093 failures before he managed to make a successful light bulb. When ask, he will just say, he found 1093 ways of not making a light bulb light but he fould one way to make it work. Yan ang persistence. O paano kilos na para yumanan na at wag susuko hanggat di natin na achieved ang ating goal.
Eto po muna for now...pano magkaruon ng financial breakthrough? create wealth......yan po ang step 3
By the way..mga summary lang po itong nasa blog...the full article is found on my e-book entitled.STEPS TO FINANCIAL BREAKTHROUGH...Kindly click the below link.
http://bit.ly/wcapiralfinancialbreakthrough
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