anonymous
- Posted by Justine Reyes, Core Team
I'm
just thinking out loud with an email I received. hmm, rat race in a Pinoy
perspective?
"Asset or Liability
THE BASICS OF CASH FLOW
The basic is. What pattern do you see if you will get
a P100.00 bill and monitor where and how it is transferred from 1 possessor to
the other? How does it flow? The pattern for a typical Pinoy is.
You earn from your work, you spend it on food,
gadgets, clothing and other basic needs. Before you reach the next payday,
paubos na yung pera mo. But that's ok payday is just a few days ahead and it
doesn't matter if I run out of money, I am expecting money again any time soon.
This cycle goes on and on and you make some sidelines
or create other ways to earn but it seems that money was never enough. (I am
tempted to explain further pero usapan... basics lang).
So you can't leave the job that you have because a
week without work would affect the cash flow you have to support your family
and needs. As much as you wanted to accept another job, the gap would make you
pay less for a couple of days, which makes you a slave to your boss.
At least, you have a job to support your needs.
So to illustrate.. .Cash is flowing inside your
pocket.
Years have gone by doing your monotonous routine.
Question... what if you get fired? Or you were forced
to retire because there are new and younger people ready to take your place.
What would you do?
As an OFW, Makati Executive, Top Salesman, Engineer,
Attorney, Teacher, etc... What if it all ends? The sweet cash that enters your
pocket every 15 th and 30th suddenly comes to a halt.
There are two things you can buy with your money...
An asset and a liability. To describe each... An asset brings money inside your
pocket; a liability takes money out of your pocket. Another way to see, it is
that an asset if you buy one, will bring the money you spent for it back to you
2 or 3 folds. A liability, when you buy it will not give your money back at
all.
Sa ilocano... idjay ti kwa... djak maawatan... (joke
lang po, seryoso na kayo eh...)
Sa madaling salita... kapag asset, maibabalik ang
pera , pag liability, goodbye sa pera...
Ang problema kay JUAN DE LA CRUZ, habang may trabaho
ipon ng ipon at bili ng bili ng liability!
I have seen OFWs get back to the country with gold
chains at kung pwede lang limang shades ang isuot ng sabay-sabay gagawin nya
eh... dvd, component, jackets, clothes, inuman, pulutan, party, pabango...
hindi na makalakad sa dami ng bitbit...
At s'yempre mga empleyado natin dito sa bansa na
lingo-lingo bago cell phone at mags ng kotse.. hindi na nga magkasya ang damit
sa aparador, tapos pag umaga sasabihin... . wala na akong maisuot.
Guys, esep-esep... what you bought... will it bring
money back to you? I know what you have in mind... you have to enjoy what you
worked hard for. That's right, but think of something that will last... think
of your future.
I have seen the worst of people who were abogado de
kampanilya, executive secretaries of top rank business men, people who worked
for big companies, earned a fortune and got a big retirement pay by the
millions... Now.... Wala na.
Why? Because of their cash flow... went in... went
out.
I need not to mention basketball players, actors,
singers, etc... Check what is their career path... next after acting, singing
and playing... POLITICS. Kasi, 'yung million na kinita nila, puro liability ang
binili.
Going back... all the liability they bought, ibinenta
ng mura! I'm wearing a gold chain now, which I got from a seaman... he bought
it for P35,000 and sold it for 8,000 to me. Hindi po asset ang alahas! Bakit?
Totoo na tumataas ang value n'ya pero kapag gutom ka na, kahit palugi ibebenta
mo! (wala bang aaray?) Cell phones... dvd players etc. pati bahay at kotse...
that's the cash flow of most OFWs...
The question is ... "WHAT IF THE INCOME
STOPS?"
Sa Pinoy, ganito: anak... mag-aral kang maigi, at pag
tanda namin... ikaw na bahala sa amin ha.... Hindi po ba maling-mali. ..
You have to establish something today that will take
care of your future.
Teka, teka... eh ano ang dapat gawin para hindi
mangyari yan?
You must create a source of income that will
continually make money flow inside your pocket. Start a business! While you are
working as an executive or an OFW, or a professional. .. START A BUSINESS and
MASTER that business till you get out of that company. Para kapag tumigil ang
income mo sa kanila... may susuporta pa din sa iyo hanggang pag-tanda mo!
Now don't tell me to invest my money on pensions and
plans... NO WAY ! Narinig n'yo na siguro yung .... Naku ayaw ko na magbanggit..
.. 'yung mga nagbayad at hindi nakapag-claim. .. sila pa ang dinimanda at
nag-piyansa! !! HUWAG MO I-ASA ANG PAGTANDA MO SA IBA! GUMAWA KA NG SARILI MONG
BALON NG PERA! KAHIT MALIIT PA 'YAN, SARILI MO AT HINDI KA AASA SA IBANG TAO...
Imagine yourself when you reach an older age... (aruy
ko,,, baka yung iba sa inyo about that age... tabi tabi po...Ako po sa mga
nagtatanong. .. I'm 37 years old. Naabutan ko pa si Michael Jackson at hinele
po ako ng nanay ko sa mga kanta ng hagibis...). You have money that the company
gave you as your retirement pay... what will you do?
You can consume the money till your old... eh kung
hindi umabot? Masamang damo ka pala... at hindi ka kaagad kinuha ni Lord. Eh
pang age 65 lang yung naipon mo na budget.
Or maybe, you can start a business and use the money
for capital... Kapatid... 9 out of 10 businesses, FAILED... yung isang
magsa-succeed, gagayahin pa ng kapitbahay mo instead na mag-franchise sa 'yo...
think! At age 50, you are struggling trying to make a business work! What if it
fails?!
Eh ano nga ba ang sagot?
The answer is, stop buying liabilities and instead
buy assets now. I don't care if it is a banana-Q store, balot, ice candy or a
sari-sari store, etc... start now! Because, your experience here will teach you
what to do in the future. It's so hard to struggle in business when you are 60
yrs old.
You have to create a source of income separated from
the source of income from your work. That when the time comes that you have to
stop working, you will have your own source of money! Create assets, start a
business that will be there to support you and your family. I AM NOT TELLING
YOU TO QUIT YOUR JOB! I'm telling you to start a business while you're working
and stop spending your money on liabilities and start putting them on assets!
Ang pera kapag pinambili mo ng LIABILITY... hindi na
babalik... ang ASSET... BABALIK.
Teka... masama ba bumili ng mga magagandang gamit?
Hindi! Siguraduhin mo lang na ang pambili mo nun ay galing sa asset mo. The
business has to be prioritized! Mawalan ka man ng trabaho, may negosyo kang
palalaguin.
If before, nabubuhay ka naman ng iisa sapatos mo,
huwag mo baguhin 'yun... dati, nagdyi-jeep ka lang... 'wag ka na munang
mag-FX...
Create assets and lessen liabilities. Invest and
learn now... mag-negosyo!
Eh anong negosyo? Any, as long as you think it is
work and doable! I am still looking for partners for my HOME MASSAGE SERVICE!
SPA MAGIC! And my business CAR MAGIC is still franchising. .. (joke lang ...
baka sabihin nyo nag pro-promote lang ako eh...But I AM PROUD TO SAY THAT ALL
MY BUSINESSES ARE ORIGINAL AND ALL ARE GRAND ASSETS!
I started all my businesses with a very small
capital. If I used that money to buy a gadget, new shoes or any liability...
baka wala lahat ng negosyo ko at wala na akong makain ngayon.
Again, I hope that this BASIC CASH FLOW article
helps.... I wish all of us become financially free!"
-FROM UNKNOWN AUTHOR
The myth of job security is still very much alive with a
lot of Filipinos. But a growing number are beginning to see reality. I remember
my first experience of the Cashflow game but it wasn't in CreateAbundance. Some
may perceive my experience as horrible. It took me 6 hours to get out. What's
worse is I was the second in the group who got out. If it wasn't for a bold
stock buy move, (and probably experience in the game of DopeWars), I wouldn't have the fortitude to take that risk which
led to the purchase of the passive income generating assets.
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