Blog Archives

Stressed out over work? Sweat it off with Bikram yoga

(Originally published on August 31, 2011; reprints previous original material published in this section)

As with many successful professionals in the country’s growing business process outsourcing (BPO) industry, Ria Cejero has learned to thrive in a very competitive environment.

The 41-year-old human resource officer has handled employee relations since 2002, and has experienced more than her fair share of late hours and work-related stress.

While she spends around 12 hours a day working in a major call center, Cejero makes time to practice Bikram yoga. She had read about the benefits of Bikram yoga before joining colleagues for a class at Bikram Yoga Alabang, the newest certified Bikram yoga studio in the country. “Losing weight was not a priority at that time,” says Cejero, “but I felt that I needed to relax.”

Developed by Bikram Choudhury, Bikram yoga is a form of yoga involving 26 postures or asanas and two breathing exercises practiced for 90 minutes inside a room heated to 40 degrees Celsius. Choudhury himself was able to benefit from the practice when he suffered from a knee injury at the age of 17.

“Bikram yoga is intended for all fitness levels,” explains Ginger Diaz, studio director of Bikram Yoga Alabang. “Regular practice may help improve flexibility, cardiovascular and muscular st rength, and endurance if the series of postures are executed properly. The room is heated to allow the muscles to become more responsive to deeper and sustained stretching.”

Since opening in October 2010, over 1,500 people have practiced at Bikram Yoga Alabang. “We are proud to have contributed in introducing more people to the wonderful benefits of Bikram yoga,” Diaz says.

Full-body Workout

As a busy career woman, Cejero still considers it a challenge to dedicate 90 minutes a day for exercise. But she says that the benefits of practicing Bikram yoga outweigh the challenges. She recalls that her first few classes made her dizzy and nauseous, something beginners are advised to anticipate. “Bikram yoga helped me relax,” Cejero shares, “I started sleeping well when I started the practice. Getting enough sleep was all I needed at that time to get the balance for the practice.” Gradually, the dizziness disappeared.

“Focus and discipline are skills that will greatly improve when you practice Bikram,” Cejero adds. “It helped me manage my schedule as well, because my goal is to be more efficient and to finish work earlier.”

In Bikram yoga, hydration is key. Practitioners are advised to double the normal water intake of eight glasses a day. Hours before practice, Cejero drinks plenty of water and only eats light meals.

Despite being used to working the night shift, Cejero says there are days when she finds it difficult to sleep. “Bikram helped me deal with that,” she reveals, “my breathing improved dramatically, which in turn allowed me to handle stress effectively.”

Cejero believes that Bikram yoga is a good fit for professionals in the BPO industry. “Bikram yoga is an excellent full-body workout that will leave you feeling incredible,” she shares. “Just be sure to drink lots of water before class. Anything is possible if you set your mind to it.”

To know more about Bikram Yoga Alabang, call (2) 846-5496 and (927) 916-9909 or send an e-mail to bikramyogaalabang@yahoo.com. Visit http://www.bikramyogaalabang.com for more information and resources on Bikram yoga.

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Globe Telecom provides technology support for TESDA’s job profiling program

(Originally published on August 28, 2011; reprints previous original material published in this section)

Leading telecommunications company Globe Telecom provided the technology support to the recently held Jobs Bridging Fair in Cebu Citythat showcased, among others, the job-profiling program of the Technical Education and Skills Development Authority (TESDA). The event was organized by the Coalition for Better Education (CBE) in partnership with TESDA Region 7.

The job fair, one of the highlights of the CBE tenth anniversary, aimed to bridge job seekers and jobready graduates with employment opportunities as a relevant input in the thrust to quality education. The event also included job facilitation activities participated by key industries from the priority sectors of tourism, information and communications technology (ICT), business process outsourcing and construction.

Being a major partner of CBE on various programs, Globe provided 25 laptops with Internet connection for the job fair. The laptops were used for TESDA’s YP4SC or Youth Profiling for Starring Careers, a multi-phase program that aims to help high school students, out-of-school youths, unemployed adults, course shifters and retirees make informed decisions on their careers to avoid education and job mismatch. YP4SC components include career profiling, labor market information, education and training information, career guidance and tracking. TESDA is one of the 36 institutions and 250 individual stakeholders that make up CBE, a Cebu-based non-stock, non-profit organization committed to the vision of creating empowered communities of learning. Its members represent the academe, students, parents, government, nongovernment, business organizations, media practitioners and professional and civic groups.

Being an expert on research and development of ICT integration in teaching and curriculum development, CBE is currently the major partner of Globe in its Global Filipino Teacher (GFT) and Global Filipino Schools (GFS) programs. GFT is a teacher enhancement training where CBE helps in developing capacities of teachers to conduct ICT-enabled learning activities in the classroom. Following its success, Globe and CBE, together with the Department of Education, are now looking at further improving the capability of ICT-mature public high schools to become the community expert in ICT through GFS.

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Monster Philippines launches Android application for job seekers and employers

(Originally published on August 28, 2011; reprints previous original material published in this section)

MonsterPhilippines, a leading online career and recruitment solutions provider in the country, recently announced the launch of its new Android applications. With the lifestyle of young working professionals in mind, Monster’s new mobile applications aim to provide consumers with a flexible and on the go 24/7 platform to scout and apply for job opportunities.

To further strengthen mobile penetration, MonsterPhilippinesalso launched a new employer/ recruiter interface on its WAP portal. The company has also recently revamped its WAP portal for jobseekers with newer and enhanced features.

Monster’s Android application can be downloaded for free on the Google Android marketplace. The application has all the features and services present in Monster.com.

ph, but it gives users the choice to choose the way they want to search for their next job opportunity. The WAP portal for employers, meanwhile, will help them search, shortlist, reach out and interact with prospective candidates. They can also post, renew and manage job postings.

Elaborating on the launch, Sanjay Modi, managing director of Monster.com-India, Middle East andSouth East Asia, says: “Monster has always strived to innovate, keeping the consumer at the center of every initiative. Our Android application and WAP portal for job search are a direct outcome of consumer feedback we’ve received, which pointed to an increasingly active and mobile lifestyle that necessitated the need for a mobile version of our job search capabilities. With our new Android application, we’re converging traditional online job searching with mobile technology to cater to a young, mobile, tech-savvy working population, giving them an on the go and user-friendly mobile job search application.”

“Today the mobile handset and smart phone market is growing at an exponential pace,” continues Modi, “and the Android platform is at the top of the heap, with analysts expecting it to overtake all existing mobile platforms by 2012. Based on the future potential of the Android platform, the new Monster app provides a huge opportunity for us to tap into even more job seekers in a platform they are naturally gravitating towards more and more often.”

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Success Wizard: Manage Your Credit Cards Effectively

(Originally published on August 28, 2011; reprints previous original material published in this section)

By Jordan Patente

Whoever said genies aren’t real? While they no longer live in traditional magic lamps, they’ve moved to a smaller and more powerful house: the credit card. One swipe  (no need to rub!) and you’ll get what you want. And unlike the old genies, the credit card will not ask you to trade your soul in exchange for three wishes—you just need to affix your signature.

This is the life most of us are living. We treat the credit card as the modern day genie. This genie can give you the life you’ve been dreaming of, but on the other hand, it can also make your life miserable. If mismanaged, it can ruin you, your family and even your career.

With the help of my business partner Ramonchito Alba Flores, I will share tips on how to use your credit card and maximize its numerous benefits.

Your credit card management style ref lects your cash management approach. If you handle your cash right, you will do the same thing with the credit card. This means that if you have troubles handling cash, expect to have more of it with credit card. If you’re looking at a credit card to settle your debts, think twice and figure out long-term solutions.

For beginners, it is wise to maintain only one credit card account. Once you are confident about managing your credit card finances, then you can get another account that will give you more perks.

Choose your credit card wisely. There are several types of credit cards available. You can pick the most suitable card based on your requirements and financial situation. I highly recommend an account with annual membership charge. If you manage your account dues well and have no outstanding balance at the end of the year, your annual fee can be waived.

Make wise decisions about purchasing items you need versus those you simply want. Using your credit card responsibly means recognizing which things you need and which you just want. Use your credit card to buy things you can afford. Living a borrowed lifestyle and using a credit card as a substitute for cash is the quickest way to get into debt. To purchase something is easy, but it is hard to pay higher interest rates on credit amount. For ordinary purchases, leave your credit card in your wallet and use cash or a debit card instead.

Zero percent deals are good, but only if you have the cash to pay for these items. If the lack of cash is your reason for availing of the deal, forget it. Don’t count your chicken if the eggs have not yet hatched. If you have full control over your credit card, only then can you start enjoying credit card deals and promos. You can charge most of your expenses to it.

Be in touch with your credit card company and pay your monthly dues on time to avoid interest. You should have also knowledge of late fees, extra charges and hidden factors of your credit card account. Knowing your credit card terms and conditions will help you manage your debt effectively.

Don’t get into the habit of making minimum-only payments. Making only the minimum payment each month increases the amount of time it will take to pay off your debt. It also increases the amount of interest you end up paying. Spend based on your financial status.

Use your credit card if you have cash on hand. After the credit card purchase, save the cash to pay for it, and it should not be used until the due date comes. This strategy will earn credit card perks for you to enjoy. Credit card companies will entice you to spend and be indebted to them. That’s perfectly fine, but paying them so much interest is not.

Don’t give your credit card to someone. If you want to share your credit card, share it with someone you trust. Supplementary cards are good if the other person has credible exceptional financial management skills; if not, forget it.

Stay within 30 percent of your credit limit. Lower balances are easier to manage.

Communication is key. Let your creditor know in advance if you won’t be able to make your monthly payment on time. The worst thing you can do is simply forgoing your credit card payment. Most creditors will assist you if you let them know before you miss your payment. Simply call your creditor, briefly explain the situation, and ask that any late fees be waived. As a one-time goodwill gesture, credit card companies will grant you that. Let me end this article with a memorable story. This took place a couple of months ago and it will continue to happen as a result of good credit card management. Hopefully the above tips will earn you the same experience in the near future.

It was such a busy week for Dynamic Empowerment Philippines Co. that my business partner and I decided to unwind that weekend. We had a good meal and we watched a movie. The movie left us with topics to chat about over coffee. Just before we left the mall, for the first time I appreciated their parking system. It was an excellent day!

Dinner to parking was all-expense paid—thanks to our credit card. Credit card providers offered good promotions with our prior purchases and we’ve accumulated enough

receipts to exchange for all those perks that day. This, too, can happen to you. Don’t let your debt manage you; instead, manage it and enjoy boundless opportunities.

 

Jordan Willy Patente is the president of Dynamic Empowerment Philippines and has been a success coach for five years. He has also conducted motivational talks and directed musical and theatrical productions.

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Business Coach: How to Get Good Employees

(Originally published on August 28, 2011; reprints previous original material published in this section)

By Ruben Anlacan Jr.

Good employees are the foundation of any company’s success. However, most small to medium-scale enterprises have no HR department to do the hiring process that getting suitable personnel is seldom done in a professional manner. Making things more difficult is that the most qualified candidates naturally gravitate to larger companies because of higher offers and perceived job security.

Because entrepreneurs tend to be hands-on when it comes to all aspects of the business, they cannot hope to match the sophistication of the HR specialists in larger firms. Still, having a prepared procedure based on best practices will go a long way in improving your recruitment process.

Below are some of the most important things to do when you are hiring:

1. Have a list of the qualities necessary or desirable for the position. This will enable you to better judge the suitability of a job seeker. You could also supplement this with a negative list that shows characteristics that are absolutely banned from your workplace.

2. Interview enough applicants to select from. If you only have few choices, there is a strong tendency to just pick the bad from the worse, so I would suggest that you interview at least 20 applicants to have a better chance of getting an ideal candidate. To get a sufficient number of competent applicants, it may be necessary to spend a substantial amount on advertising for the position. This is one expense that will pay off in the long run.

3. Have an application form. Even if job seekers will be bringing their own resume, it is important that you have them complete an application form when they arrive. Customize your application form according to the position. Note that job seekers’ resumes contain what they want you to see, while your application form will bring out what you want to see.

4. Have plenty of space to indicate employment history in the application form. It is crucial to have the most complete employment record possible, so design your application form in such a way that there would be no reason not to include the applicant’s entire employment history.

5. Check gaps in employment records. It is important to know the reasons for an extended period of unemployment between jobs. There is a possibility that the gap was due to the non-inclusion of a job where the departure was due to a termination, or where the company is likely to give poor feedback. If the gap was attributed to a stint abroad, request to see the job seeker’s passport as proof.

6. Demand the necessary clearances. It is standard operating procedure to at least ask for a current NBI and employer clearance. Still, there are some small companies that neglect to check even the most elementary documents.

7. Allot sufficient time to do a thorough interview. Depending on the position, a proper interview should last from ten minutes to half an hour, at the very least. Rushing the questions will not allow the job seeker enough time to answer thoroughly. You would also be missing opportunities to better assess the suitability of the candidate.

8. Have prepared tests. Design or obtain tests that would measure the capacity of the applicant to do the job. These may be general tests like IQ tests or they may be more specific, like seeing if the applicant can operate a particular machine effectively.

9. Check on previous employers. One of the best ways to know if a prospective employee is truly suitable is by calling on previous employers. Inquire not only on his work proficiency but also regarding his personal attitude.

10. Require a physical checkup. Since it is very inconvenient and costly, one of the last but necessary things to do is to require the applicant to undergo a physical check-up.

This is very important because no company wants to be hindered by an employee that is always absent due to poor health. It may also be that the applicant is suffering from a highly contagious disease.

 

Despite all the pessimism, there are plenty of good employees in the market that are a fine fit for your operations. It just takes a little more effort and preparation to see a dramatic improvement in your hiring. This will give your company’s operations a big boost since having qualified employees in your company will enable higher levels of productivity and fewer headaches.

 

Business and management consultant Ruben Anlacan, Jr. is the president of  BusinessCoach, Inc. and a resource speaker for various business topics. He discusses overviews and tips for business from the point of view of a small- or medium-scale entrepreneur who has started several successful enterprises. Those who wish to ask questions or to make comments may visit http://entrepcoach.blogspot.com or e-mail entrepcoach@gmail.com.

 

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Bizmaker: Get Rid of Money Leeches

(Originally published on August 14,  2011; reprints previous original material published in this section)

By Mark So

This article continues where we left off in the last one (if you have not yet read Part 1 of this article, please go to my blog now at (www.markso.wordpress.com), which touches on being more financially prepared to enable wealth to start flowing towards you.

Today’s lesson in particular is about being aware and effectively stopping your “Money Leeches,” or as I’d like to call them, people or “cosmically uncanny” situations that just happen to show up at the exact moment you come into some money. Sound familiar?

Think back to the time that you got that Php 5,000 bonus or an unexpected business from a client…who called or showed up at your doorstep needing urgent help or “who just  happened to drop by” that very same week needing exactly Php 5,000? Did your car, refrigerator or cell phone break down needing urgent repairs totaling more or less Php 5,000? Did you just happen to go to the mall that weekend, which incidentally had a sale on all items, and buy something that you would never use for more or less Php 5,000?

I bet you know exactly what I’m talking about. Yup, whoever he or she is, or whatever “situation” arose the last time you came into money, you have just identified your money

leeches. I know because I used to have lots of them. And I thought that that was the story of my life. And because I thought that way, the next time I got into some money, my money leeches would come. It became a reality for me, so much so that all the money I

made almost always went to some useless expense.

The problem is that most money leeches are usually family members or close friends. Or when situations arise, like your appliance breaking down or a cellphone gets stolen, you feel that it was by divine providence, that it was beyond your control, and you just have to give in.

Let me say right now that these can be stopped and it can be controlled. But it will take a major attitude and cultural change in you. It will require a lot of effort and a very thick face but if you apply what I will share, you will immediately achieve a major    breakthrough in our “wealth transfer project.”

First, stop thinking that having money leeches is normal—it’s not. You have to change your attitude, and your first assignment will help you do just that:

1. On a blank piece of paper I want you to hand write the following: “I am now aware that having Money Leeches will kill me financially. I will defend myself and get rid of them now.” Print your first name on a blank space below the statement, and then sign your name on top of it.

2. Scan the piece of paper or take a digital picture of it.

3. E-mail it to me as soon as you can. Please note that if you e-mail it to me, you are allowing me to post it on my blog should I choose to do so.

4. Place that piece of paper in a prominent spot in your wallet so that you can see it every time you open it.

The exercise above is meant to kick start your brain into acting and thinking about defending yourself against these money leeches. And yes, it is true; if you do not fix it right now, you will die financially.

Next, identify the people who are not immediate family members who constantly ask you for money. Note that these are the people who are not your wife, your children, your brother, your sister or your parents.

Here’s what you tell the people who are not immediate family the next time they ask for money.

Situation: “My _______ just got hospitalized, may I borrow Php 5,000?”

Your response: “I’m so sorry to hear that, I hope _______ is all right. I wish I could give you Php 5,000; but I can only afford to give Php 50 right now so I hope you understand.”

Regardless of the situation or any amount that a non-immediate family wants to “borrow” from you, only offer Php 50! There will be three possible reactions: 1) insulted, and will never want to ask money from you again; 2) grateful, and they take it; and 3) they negotiate. Regardless of their reaction, be willing to give only Php 50 and not a centavo more.

You might think it heartless, but it has to be done if you really want to get rid of your money leeches. Remember, this is to be used only on non-immediate family. They are not your burden and they are not your problem. The priority should always be your  immediate family. Reserve your generosity for them. But be smart with how you go about it. In the next article, I will talk about how to financially protect your immediate family and yourself from money leeches within your immediate family.

I’ll end this with another assignment: e-mail your feedback about this article or the preceding one. What I am interested in are not praises (although that would be nice, too); instead, complain to me about the problems you have in completing the assignments. E-mail me at markso@zerocapitalclub.com and tell me why you don’t think this or any of the assignments I have given you will ever work for you. Believe me, I will read every single one and I promise that I will not ban you or even get mad at you when you do. It is all part of the process.

Until the next article.

 

Mark So is a businessman, investor and educator. He is the chairman and CEO of BusinessmakerAcademy—a business, finance and corporate training center. He is the founder and Chief Forex Trainer of Forex Club Asia, a trading club of Forex Traders across Asia. He is also the founder and chief trainer of the Philippine Franchise Institute, which specializes in training and growing existing Franchise businesses. A sought after speaker for business and investing, you may e-mail your comments and questions to mhso@businessmaker-academy.com or call the office at (2) 687-4445/3416/4645 for a schedule of his seminars.

 

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Business Coach: Surviving Your Business, Surviving Marriage

(Originally published on August 14,  2011; reprints previous original material published in this section)

 

Can Husbands and Wives Run a Successful Business?

 

By Ruben Anlacan Jr.

Most couples dream of having a business together. Being in love, and believing in “for richer, and for poorer,” it sure seems a good decision for couples to be working together in the same business. Unfortunately, this is not always true.

A husband and wife together in the same business can bring chaos in the workplace. It is almost always inevitable to bring personal problems in the company, and vice-versa. In fact, I know some employers who would not even employ couples in their company.

Their personal problems become the issues of their bosses.

After getting married, my wife and I immediately started a business. It was not easy the first time because we brought work home. We debated on work-related issues over breakfast, lunch, and even dinner. Yes, we went to coffee shops during weekends, but still we talked about business while sipping coffee. It was a nightmare!

Also, at first, we decided to bring home just some paperwork. But later on we brought almost half our jobs home so we could work on it overtime. Our bedroom consisted of two worktables, computers, printers, telephone lines, broadband Internet connection, and tons of paper.

Working together, we faced a lot of struggles. It was difficult because you cannot terminate your spouse when he or she doesn’t meet your expectations!

Employees’ Problem, too

It was also difficult with our employees, as they have to decide between “He Says, She Says”, or face the consequences. A few Machiavellian employees sometimes played us against each other to their advantage.

I thought that always being together would allow us to share more good times, but that was far from what happened. Since both of us had key roles in the company, it was virtually impossible to take vacations without worrying.

It is not as easy as it looks, but we survived. Let me share how we did it:

• Know your strengths. This is so you can divide your work, and prevent tasks from overlapping. This also brings a clear understanding on who’s in charge of what. Designate positions to minimize confusion and clarify who is responsible for a task.

• Make it clear who makes the final decision. Decide on who is “The Real Boss.” Despite all the talk about equality, there comes a time when a major decision must be made.  When there is a tie, then one of you must have the authority to make the final decision.

• Respect each other. Even if you have opposing views, speak calmly and listen well. When you disagree, refrain from attacking each other on a personal level. On the other hand, you can also use this opportunity—as my wife and I did—to learn not to be sensitive to criticism.

• Separate personal from business finances. Be clear about money matters. Even if you are a co-owner of the business, discuss expenses with your spouse. Refrain from just getting money from the cash register, or issuing checks without the knowledge of your partner. Separate your business from your personal bank account.

• Be honest about your limitations. If you believe you are having difficulty with your responsibilities, admit it to your partner. Explain that your qualifications do not jive with your current work situations, if that is the case.

• Have quality time for each other. Do things apart from work. Allot time together for hobbies, and don’t forget about family. Just because you are always together doesn’t mean that you no longer need to have time for things other than business.

• Celebrate successes. Give importance to each other’s contribution by celebrating achievements. Never take things for granted. Even if you are together 24/7, treat each other for every milestone in your business.

My final piece of advice: if you don’t have a strong relationship with your spouse, don’t go into business together, especially if both of you have dominant personalities. It is not simple, and will just weigh down the marriage if you are already prone to arguing with each other. But if you love and treat each other with respect, I’m sure you’re both going to make it just fine. Good luck!

 

Business and management consultant Ruben Anlacan, Jr. is the president of  BusinessCoach, Inc. and a resource speaker for various business topics. He discusses overviews and tips for business from the point of view of a small- or medium-scale entrepreneur who has started several successful enterprises. Those who wish to ask questions or to make comments may visit http://entrepcoach.blogspot.com or e-mail entrepcoach@gmail.com.

 

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Success Wizard: Start Managing Your Money Now

(Originally published on August 7,  2011; reprints previous original material published in this section)

By Jordan Patente

I landed my first job as soon as I graduated college. That was seven years ago. Just like any other Juan, I wanted to plant as many trees that could bear fruits in the near future.

Those were the years I established my career and personal life. I now have my training business and still manage to work in a multi-million company. I live in my own house and drive my own car, all because of my relationship with money.

Growing up was a humbling experience. I only had my mother to raise me. Mom did her best to meet both ends for my two siblings and me. I know that there were times when Mom was in financial turmoil, and it was for this reason that I started managing my finances during college; and it contributed a lot to my accomplishments of seven years.

If you manage your finances early in your life, you will most likely do the same thing when you mature. You only reap what you sow. Below are some of the tips that I used to train myself in money management:

Allocate a weekly budget

If your parents can afford to give you a week’s worth of allowance, ask for it. This is an effective strategy to forecast your expense limit for the week. I still do the same thing now. Every payday, I allocate a daily and weekly allowance. Keeping your expenses within limit will develop self-discipline. Managing money is about self-control. Never let money control you.

Most of my work colleagues are in financial turmoil because they allow money to manage their life. Money is just an object, and without the spender it is nothing. Take full control of your money, and decide on when and how to use it.

Social stature

Today, high tech mobile phones are selling like hot cakes. If you don’t possess the latest popular gadget, you are out of fashion. Part of managing your finances is the people that you surround yourself with. If you choose to group yourself with “rich kids,” you might force yourself to spend like them. I have nothing against people with money, but you need to keep your finances within limits. If you can’t meet their standards, the choice is yours to either stretch it or look for a better crowd to suit your money situation.

Invest early

Your today is your tomorrow. When I was still in school, I sold all types of bags, coffee mugs and even scented candles to help me save for my thesis. Today, I have small businesses that have become earning streams. Selling would’ve been out of my comfort zone if I didn’t try it firsthand.

In my last “Magic to Success” theatrical seminar, I had a participant who was just 17 years old. It was a heartfelt experience, because having a participant his age is a testament that in the near future, another successful man will be born.

Starting early is good training for all of us. The more we expose ourselves to success, the more we become successful.

We are all after our own emotional growth and maturity. Starting young means more opportunity to learn, as well as a bigger chance of becoming the new breeds of success.

I’ll be teaching a financial management seminar dubbed “Magic to Success (Money, Love and Health)” on September 24 in Ortigas Foundation Library at 7:30 a.m. To maintain high quality of training, we will only accommodate 50 participants. This event is not your typical seminar. We will talk about success tips to fast track the  accomplishment of your dreams. Participants will be asked to put their learning into action within the seminar. We also have actors to play key parts to fast track your learning. You may contact us at (915) 211- 7878, (2) 380-3180 or e-mail us at dynamicempowermentphilippines@gmail.com.

Jordan Willy Patente is the president of Dynamic Empowerment Philippines and has been a success coach for five years. He has also conducted motivational talks and directed musical and theatrical productions.

 

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Bizmaker: Make Money Run After You

(Originally published on August 3,  2011; reprints previous original material published in this section)

By Mark So

Don’t think for one second that because the world is in financial crisis, there is no money going around. The truth is far from it. The fact is that the world is literally overflowing with money. It may not seem like this applies today, but always remember this: money is never destroyed—only transferred.

Wealth, on a daily basis, is constantly transferred from those who do not know how to manage money to those who do. Even, and most especially, during a financial crisis, this holds true.

Let me take the recent financial crisis, break it down for you, and explain how wealth was transferred. I’ll show you the steps to begin the process of “wealth flow.”

This article will be the first of a series, with each article ending with an activity or task. If you seriously want money to run after you, I strongly recommend that you follow the assignments for every article and give me feedback along the way.

In the recentU.S.financial crisis that started June of 2007 and reached its peak in October of 2008, theU.S.stock market (and consequently the Philippine stock market) lost more than 50 percent of its value. Most people panicked and took out their money, or whatever that was left of it, for fear of losing even more. When they did that, they lost half of their wealth—which took a lifetime to build—in a span of days. As of

September 29, 2008, approximately $1.2 trillion was wiped out in theU.S.alone.

Let me repeat: The money was not lost. It was merely transferred.

During the same crisis, there were a few brave souls who bought those stocks at extremely low prices. They held on to it, and became a whole lot richer overnight. Warning: Do not be overwhelmed by what I am going to share next. Even if my examples are in billions of U.S. dollars, the principles I want you to pick up will and can be applied to your situation. More importantly, do not put in everything you have in any investment vehicle because of this. This is not the point of my example.

In theU.S.the most notable figure to do this was Warren Buffet, who bought a significant chunk of shares at Goldman Sachs in September 2008.

Despite the odds and the panic, Buffet bought the shares at basement bargain prices. He invested $5 billion, held on to it during the worst of the crisis (which was October 2008), and turned it into $8.7 billion very recently. Another similar story–although he did not buy stocks but rather bet against them (a.k.a. short trading)—is John Paulson of Paulson and Co., who made a killing by betting against the U.S. subprime mortgage market. He made $4 billion after the worst of the crisis was over. Although Buffet and Paulson were the few covered by the media, there were more who made killings, as well, but the public just didn’t know about it.

Now you might be thinking that those guys are professional investors—how can you ever come close to doing that yourself? Well, first let me explain that this is just one of many examples of “wealth flow transference.” You don’t have to be in stocks or investments to apply what I will be teaching you in the next few articles. For those of you who know me and have been following my column, you know that I will teach you how to do it in a very practical and “anybody-can-do-it” approach, so read on.

While I am not saying that you cannot be a billionaire, I will leave that option wide open for anybody willing to try; but before we think about billions, or even millions, let’s first come back to earth and start with the basics.

How and where do I Begin?

I’m designing this and the succeeding articles as thoroughly as possible so that you will not only understand it, but also experience it by applying it to your life, article by article. Of course you may opt to go faster and I will inform you how to do that in the very near future.

In the meantime, this should be your first “realization” for this particular article: Running after money if you do not know how to manage it will result in you forever chasing after it. Get your house in order first, build a strong foundation for money management, and you will see that the money will start running towards you—and staying with you.

Now to learn and apply this lesson, here is your first assignment:

1. Go to my blog http://www.markso.wordpress.com and subscribe to it.

2. Search for, read and comment on the following articles in the blog’s search box:

a. “The Most Important Advice About Money I can Ever Give You”

b. “Money Management Simplified parts 1 to 3”

Good luck—until the next article!

 

Mark So is a businessman, investor and educator. He is the chairman and CEO of BusinessmakerAcademy—a business, finance and corporate training center. He is the founder and Chief Forex Trainer of Forex Club Asia, a trading club of Forex Traders across Asia. He is also the founder and chief trainer of the Philippine Franchise Institute, which specializes in training and growing existing Franchise businesses. A sought after speaker for business and investing, you may e-mail your comments and questions to mhso@businessmaker-academy.com or call the office at (2) 687-4445/3416/4645 for a schedule of his seminars.

 

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