Posts tagged financial education

jollibee

Jollibee Employee or Entrepreneur?

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by annette in ,

I remember a conversation overheard some time ago while eating at Jollibee.  It went like this:

Child: “Mama, how do people make money?”

Mom: “People make money by working, son.”

Child: “But how does one make a LOT of money?”

Mom: “If you work hard and get promoted, you’ll get a higher-paying job so you’ll make more money.”

Child: “Do you really need a job to make a lot of money?”

Mom: “Of course, that’s why you have to study hard.”

Child: “Does the owner of Jollibee make a LOT of money?”

Mom: More >

money jar

8 Simple Steps to Manage Money

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by annette in

In order to master money, you must manage money.  The habit of managing your money is more important than the amount.  Some people think it’s all about income; they believe you have to earn big to get rich.

Let me show you a money management program that I learned from T. Harv Eker, the author of Secrets of the Millionaire Mind.  If you manage your money following this program, you can BECOME FINANCIALLY FREE on a relatively small income.

If you mismanage your money, you CAN’T become More >

Financial Literacy: 5 Simple Steps to Jumpstart Your Education

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by annette in

A great way to start the New Year would be to get yourself in self-improvement mode.  I want to stress the importance of financial education at this time, because I believe that money affects not only our financial life but the other important aspects of our life as well… family, health, work, emotions, etc.

It actually doesn’t matter if you’re making a five- or six-figure-income; what matters is how much is left with you at the end of the day and for how long you are able to keep it.

If you More >

cashflow quadrant

Cashflow Quadrant

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by annette in

The Cashflow Quadrant, a trademark of Cashflow Technologies, Inc., first appeared in the Cashflow Quadrant book by Robert Kiyosaki.  The letters in the quadrant simply represent the quadrant from which a person generates income.

E stands for Employee

S stands for Self-Employed or Small Business Owner

B stands for Business Owner

I stands for Investor

The E quadrant

What I learned in school made me a professional in the “E” (employee) quadrant.

I felt secure here with a regular paycheck, More >

Myth 8 of 8: Failing is Bad

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by annette in

Read previous Myth 7 of 8: Money Is the Root of All Evil

Most are afraid of failing, and we started developing this mindset when we were in school. We were told, “If you don’t get good grades, you won’t get a good job,” or “If you fail, you’re stupid,” or whatever.

It’s the same when you’re working in the corporate world, “If you make a mistake, we’ll fire you” or “If you don’t meet the criteria, you won’t get the salary increase.”

(more…)

Myth 3 of 8: I Don’t Have the Time

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by annette in

Read previous Myth 2 of 8: You Have To Work Hard For Money

Working for somebody can actually eat up quite a bit of your time. Add to that a significant other, kids, commute and where does that leave you?

Starting a business for people working more than 80 hours a week may be impossible, but for most people working full-time jobs, it is possible.

If you have time to watch movies, play your sport, watch teleserye after teleserye (TV series), go on a drinking spree every week or so, play Wii, More >

Top 8 Myths That Keep Filipinos Poor

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by annette in

“The goal of loving the poor is to help them stop being poor.” – Bo Sanchez

When somebody tells you that there is a way to get rich without a job, how do you react?  Do you go take a notebook and ask that somebody to teach you how?  Nah, I don’t think so.

By age 20, we already have a programmed way of thinking.  Because of our programming, our common reaction is to immediately doubt or resist the idea of making money without a job.

(more…)

Cashflow Game Overview and Review

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by annette in

I bought my first Kiyosaki book (Rich Dad Poor Dad) in 2001 and have been an avid reader of his books ever since.  I first played the Cashflow game years ago, and the education I got from that first game stuck with me, and I continue to learn more until today.

I remember we were asked to randomly pick a card to get a profession and I ended up playing as a Janitor.  All of us were either employees or self-employed professionals, such as Teacher, Engineer, Airline Pilot, Truck Driver, Doctor, More >

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