Week 12 - Build own business Vs Work for Employer

The number one asset a person can do is to build his own business. This is the smartest way to go. Most of us must have heard from our parents that we have to go to school so we could work for a high paying government establishment or big corporation later on.

But have you ever thought that working merely for a corporate is valueless? Why would you work so hard to something that you can never own later on? You definitely cannot sell your job, nor can you pass it on to your children. It just doesn't make sense.

It makes more sense to build your own business and hire other people. In a corporate world, you won't have much control even if you are on top of the corporate ladder. You can be fired anytime.

Yes, there is no get rich quick situation in any business. Business takes time. The wonderful thing is that you're your own boss. You make the decision. Whereas if you're in a squadron working for a company, you are just a part of the team player and things always depend on the team as a group.

Choose what is best: To work for a company on a day to day basis...or to work and build a business of your own that you could invest in and pass on to your own next generation. The choice is yours and yours alone to decide.

Week 11 - Misconceptions On Credit Card

There is nothing wrong with using credit cards however debt is like a two edged sword.  It can help you if you know how to use it but it can also hurt you if you do not know how to use it.  The reason why people get hurt when it comes to debt and credit cards is because there are a lot of misconceptions about it's usage.

It is best to be financially free and the first step is to get out of debt!  We have to know how to properly handle and manage our money well.

Listed below are some misconceptions about credit card usage which we shouldn't be ignorant of:

1.  The more credit cards that I own the richer I become!

2.  My credit limit is the amount of money I own and is also the amount of money I can use!

3.  The higher my credit limit the richer and more classy I become!

4.  I save money if I just pay the minimum every month.

5.  I should use my credit card when I do not have the money or cash to buy what I want.

All of the above are false and untrue. So, don't be deceived. Onward to financial freedom!!

Week 10 - Things To Consider Before Starting A Business

Starting a business is definitely a hard work. It is important that we understand the basic things and considerations before we get into the venture. Once we have already come up with a good business idea, we have already taken the first major step.

Here are a few additional things to consider:

• Pursue expertise before starting a business
• Do your research about the ides before starting up
• Planning is the next crucial thing
• Know your market, the legal entities, the customer service side of the business 
• A website is helpful in this modern and fast pace world that we are in these days
• Be patience in starting a business and a mentor will be helpful for encouragement

We will discuss a little bit more details to the points we included here on my next post. Stay tune for more. 

Week 9 - Work To Your Success

People sometimes think that getting rich is a matter of luck. The truth is, getting rich is actually a slow triumph.

As the saying goes: Patience is a virtue. We don't achieve wealth by luck or by chance, specially if you are entrepreneur. Always remember, when you manage a business, you need the right mindset, because success is based on how you think, the way you drive your energy with patience and determination.

Begin your strategy right from the starting point to where you are going with planning and working with great patience. The only way to go where you want to go is to start moving towards it. It doesn't matter whether you are going to crawl, walk, run,or take a car to get there. The important point is to get going and arrive to your destination which is your success.

A wisdom to get by this week, till we meet again next time.