Tuesday, August 16, 2016

Quick and clean way to get wealthier

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
August 16,2016

I have frequent meeting with a celebrity who became a millionaire at the age of twenty.  She was recently ambushed but survived the attempt. to kill her.  It stemmed from a case of forgery of title of property she owned.  She proved that it was estafa and  won the case.  However on the day of pronouncement of the judgement, the plaintiff who has been planning the crime all along executed the plan. The assailants sang and pinpointed the mastermind, namely the plaintiff in the case.

However there is another twist to the story.  The same person, paying somebody from DOJ filed a case of estafa against her which was widely publicized to embarrass and her. Proving that law in the Philippines is not just.

But the lesson to learn from her is that the way she grew up her wealth.  She says that every Christmas season (that means beginning end of August and September, she and 5 other wholesalers go to Bangkok where the dry goods, Christmas items are relatively cheap.  Her purchase amounts to almost a hundred million, and the traders issues her pdc for the amount of their purchase for 90 days + 20% (thats a clean 6% per month or 72% per annum)  She has been doing that for 10 years now and the traders always make good their checks.  She can double her money in two years doing that.

Now who said that those who do not have money can have more money.

MONEY BEGETS MORE MONEY IF YOU KNOW HOW TO INVEST AND MINIMIZE RISK.

Have you ever thought of that as an opportunity?  The old businesses are still the one that are safe and profitable.  High tech -- nice but risky

Saturday, August 13, 2016

More opportunities come my way

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
August 13, 2016

I was initially saddened upon learning that 65 and above Lecturers are old and and no longer useful to the school.  However as Steven Jobs said, being out lightens your perspective  and makes opportunity much clearer to you.  that meant I will no longer be battling the traffic woes that is becoming worse everyday.

Yesterday, we started talks on me giving feedback/output on the following projects:

1.  A condo project in Makati, 30 stories tall, with total floor area of 9,000 sm and with project cost of nearly half billion;  Projected sales of about a billion.

2. A subdivision project in Central Luzon, 10 hectares with 1,000 individual titles,  Projected sales about P500 to 700 million.

What is important about these is that my experiences will help me lead, advise and set in order the projects presented to me:

1.  I advised my cousin and gave her encouragement and inspiration in her most difficulty moment.  I gave her financial support and even personnel to help her sort out her problem;

2.  Earlier, in Eagle Crest project, I did a lot  computation and even draft bp for a 400 units house and lot package for a businessman in Baguio City.  We even made website which got lots of visitors and interest.  Now the same model and template will simply be revived to generate the business. The deal and the talks fell through, but all the studies and computation can be made useful again for this new opportunity.

Business opportunity happen when the your experience/preparation meets the event that can created the opportunity.

Who cares now if they will not let seniors teach anymore.  We can make more money and be more useful in nation building

Extension granted to MBAH students submitting business plan today - the suspension of class made it moot

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
August 13, 2016

This author granted a 1 week extension for the submission of the business plan,  the final project for the Entrep subject, after failing to get an endorsement/nod from the program director.  She was against it, after noting her response that as a PhD student, she has to comply strictly with the deadlines.

I earlier said that I take full responsibility for the granting of the extension after noting that  the students have  difficulty with the complexity of the business plan, especially the financial. I also anticipated that challenge that was why I refused to teach the subject with the strict deadline (7 days submission of grade after end of the semester.  I will not teach  the subject without submission of the business plan.)

However this deadline has been rendered moot because  of the suspension of the class at the school today. Now that I am 65 and retireable, the offense merely formalizes my being out.  Being out of the system now.