Showing posts with label PDC. Show all posts
Showing posts with label PDC. Show all posts

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