Filipino Cash Flow ( Ang Katotohanan )

13 09 2009

THE BASIS OF CASH FLOW

A reality check among all Filipinos

Mga Bayani ng Pilipinas

Mga Bayani ng Pilipinas

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 paydayis 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 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!

This article is from the owner of car magic… butch Salvador.
MAGANDANG EYE-OPENER ‘TO


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