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How to make money run after you (Part 22)

Posted by on Oct 18, 2012 in Business Management, Career Management, Personal growth | 0 comments

“The Wealthy Are Valuable”

 

In the previous article, I talked about proper sequencing of the aspects of your life to produce true wealth. One of the reasons you are probably not yet where you are supposed to be is because you are prioritizing running after money. Contrary to popular belief, that is the wrong move. I believe that there are 2 other things you should prioritize before money. The first is health and the second is relationships. If you have not read that article yet, or even the first 20 articles, I strongly recommend signing up for the “Wealth Plan” so I can email you my previous articles from the very start.

 

In this article, I want to focus on the number 2 priority in wealth building which is building solid relationships and becoming extremely valuable to as many people as possible. In my previous article, I said that relationships = wealth connections. You’ve probably heard people say, “its not what you know, but who you know”. While that statement is quite true, for me, it is also incomplete, the right saying should be: “its about who you know, and how valuable you are to them”.

 

The Wealthy Are Valuable

 

The wealthy are valuable not with the amount of money they have, but rather with the worth they have in other people’s lives.

 

The general rule I have in this regard is, the more worth you have to more people, the wealthier you become.

 

The Wealthy Have Huge Networks

 

The Wealthy do not discriminate who they network with, they are personable, charming, and very helpful to everyone around them which is why they attract so many people willing to exchange the favor of simply being kind, friendly and helpful as well. But more than that, the wealthy have real value in the lives of majority if not all the people in their network

 

Your Value Is Your Capacity To Make The People Around You Wealthier.

 

Your Value / Worth is not just about skill in a certain craft, like being a Doctor, Engineer, or Architect or even being a Businessman or an Investor. It is really about your capacity to re-distribute “wealth” to other people. And as I said in my previous article, “wealth” is not just about money, it is having a simultaneous abundance of 1.) health, 2.) relationships, 3.) money, and 4.) time.

 

For example, how valuable would I be to you if all I did all day long was to tell you how great of an investor or businessman, engineer, or salesman I am with the end goal of selling you my services? No value at all, in fact you’d probably roll up you eyeballs in disgust and mutter “not another one”.

 

Now, how valuable would I be to you, if for 3 years now, all I’ve been doing is to teach you through my articles at Manila Bulletin and my blog on how to have a better life, how to make money run after you, how to improve your business, your personal finances, your career, your investments, even your marriage without asking for anything in return except that you follow my tasks and assignments, post a comment on my blog, send me an email with the sincere hope that you finally become richer than you are now?

 

At the very least, you would probably miss me if I no longer wrote my articles and my blog forever removed from the internet. For some, they would probably contact Manila Bulletin asking what happened to me, and even some still would probably seek me out, call my office and ask where they could “buy” my articles or even finally enroll in my classes. I can say this for sure because it has already happened.

 

The Wealth Effect Of Being Valuable

 

The wealth effect of being valuable is that Money and wealth now starts to run after you, plain and simple. In my example above, just last week, I’ve had several people call my office asking where they can buy the entire compilation of my articles because they wanted to bind it for their personal collection. I just told my staff that it isn’t for sale and that  they just have to sign up on my blog to get it entirely for free. Of course, I could have charged an arm and a leg for it if I really wanted to, but that isn’t my goal, my true goal is to be forever valuable to you my dear reader, for that is one way that I ensure that I will forever be wealthy.

 

Until the next article, good luck and God bless.

 

Author Box:

Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—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.  Mark, together with his loving wife also created wealthflowproject.com a website dedicated to teaching people how to make money run after you. A sought after speaker for business, investing, You may email your comments and questions to: markso@wealthflowproject.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

How to make money run after you (Part 21)

Posted by on Oct 18, 2012 in Money Management, Personal growth | 0 comments

“If You Want To Build Wealth, Stop Prioritizing Money!”

 

After 10 months and 20 articles on “How To Make Money Run After You”, you will notice that all of my articles thus far have been about preparing you to manage the wealth that is about to come. In other words, those articles were about getting your financial house in order and becoming more financially intelligent. But more than financial smarts, I shared the emotional, psychological and attitudinal aspects needed to make wealth flow towards you.

 

Take note, if you have not yet read the first 20 articles, I strongly recommend signing up for the “Wealth Plan” so I can email you my previous articles from the very start.

 

Wealth Is More Than Just Money…

 

But first let me define wealth. To me, it is not just about money or material riches. To me, being wealthy is having a wonderfully abundant life which means simultaneously having an abundant amount of money, health, solid relationships, and time.

 

Many people strive to just become rich but not wealthy. Many corporate executives have this as their life story: they have huge salaries, travel the world first class just to meet clients, wine and dine customers in 5 star restaurants and clubs, but have no time to spend with family, they eat or drink too much, lose their health, and end up miserably trapped in what they think is a “wealthy” lifestyle. I know because I used to be one of them. Also, many businessmen and successful investors have the same predicament. They get trapped with maintaining their money level and status in the hierarchy of the elite, sometimes losing sight of what making money and wealth is really about, a wonderfully abundant life.

 

The key to wealth is about proper sequencing.

 

But unlike what most people think, prioritizing making money first among all of life’s aspects (money, health, relationships, time) isn’t always the best way to start your wealth journey. In fact this is probably what is holding you back right now. Tell me if you can relate, you work 20 hours a day, dead tired everyday for the past 10 years, and you haven’t moved any closer to your goal since 2002. Do you want to know why? Because you are prioritizing the wrong thing, when you most probably have to prioritize something else first.

 

Remember this, the key to wealth is about proper sequencing of your life’s aspects.

 

In my life, I prioritized finding my wife and building a solid and loving relationship with her first. Then came the need for more money, then when the money started flowing in, then came more time, and then now, for me at least comes improving my health.

 

In hindsight, I can say that this is not the optimal “wealth sequence”. I know because I have the benefit of looking back at my life and seeing the mistakes I made along the way, which I would like to now correct for you. So if you ask me what the optimal sequence should be, I would prioritize health, then relationships, then money, then time.

 

Health = Speed plus Clarity

 

A fit body and mind equates to faster and better decisions when it comes to building wealth, the activities and tasks you can accomplish in a day increase exponentially if you are healthy and falls drastically when you are not in tip top shape. It is common to sacrifice your health when you start getting more involved in your career, business or investments, you start exercising less and sitting down more, your life becomes sedentary and before you know it you start moving and thinking as fast as molasses. If I had one regret, that I could fix, it would be to not sacrifice my health for the pursuit of wealth.

 

Relationships = Wealth Connections

 

The most powerful tool for building massive amounts of Money and eventually wealth is through good, solid relationships. And what I mean by this are the connections you have with everybody that you have met and are about to meet. Everybody has a purpose in your life. Everybody has something of value, I learned (and continue to learn) this from my wife. Prioritize keeping communication channels open and continue connecting and networking with people. Prioritize building relationships as they will be crucial in your pursuit of wealth.

 

Money = Means

 

Money is a means to an end, and not an end goal itself. Your goal is to have a wonderfully abundant life and Money provides you with the means to achieve it. Now why is this not my first priority?  Because money comes from the first 2 life aspects, health and relationships. I could not have gotten my first job in Islacom if I did not have a connection with the Head hunter who got me the interview (for the back story, go to my blog and search for “the true story of how I Created My first Job”) I could not have worked and gotten promoted quickly without my excellent health. So Money comes 3rd in the pursuit of wealth

 

Time = Freedom

 

Finally, True wealth gives you more time, and ultimate freedom. But it is an inevitable trade off between pursuing wealth and having to sacrifice a lot of it in the beginning. When you start out in life, you have lots of time on your hands, when you get a little older and responsibilities pile up, you will have less and less of it. And as I said, most people sacrifice this valuable commodity (together with health) in the pursuit of more money in the beginning. But as you get wealthier, the more time you should keep for yourself and your family. If you find yourself always short on time, especially for yourself and your family then its time to prioritize this aspect now.

 

In summary, building wealth is about right sequencing or prioritizing. Prioritizing making money as your first step is usually the wrong move. Check your priorities right now and check where you are in your wealth building journey, if you are still not where you want to be, then its time to re-sequence.

 

Good luck and God bless.

 

Author Box:

Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—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.  Mark, together with his loving wife also created wealthflowproject.com a website dedicated to teaching people how to make money run after you. A sought after speaker for business, investing, You may email your comments and questions to: markso@wealthflowproject.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

 

How to make money run after you (Part 20)

Posted by on Oct 18, 2012 in Personal growth | 0 comments

“Why You Haven’t Implemented What You’ve Learned Yet, and How To Get Started With Minimal Effort”

 

If you want to make money run after you, please sign up for the Wealth-plan so I can email you my previous articles from the very start.

 

If you have been following my 19 articles on “How To Make Money Run After You”, I’d like to think that I have helped you improve your life by giving you valuable insights based on my life experiences But, the reality is reading / learning how to do something and actually doing it are two very different things.

 

So in this article I hope to explain how to achieve the results that you need by doing something so simple, that you won’t even notice it.

 

Why You Haven’t Implemented What You’ve Learned Yet.

 

First, let me explain a little bit on why implementing what you’ve learned from me is taking longer than you’d like. Tell me if you can relate.

 

After learning something, your head starts flowing with ideas on how you are going to change your life. You start planning, most of the time just in your head, and then the following happens:

 

Life sends you a distraction, maybe even several at once i.e. you discover that your company is retrenching and your job is in danger, or your business sales is declining and you have to double your efforts immediately, or you lose some money, or something happens that takes your attention and focus away from what you were thinking of doing. After the distraction, you either forget or lose interest in changing your life.

 

Or

 

You don’t get any distractions, you get to write down all the things you need to change in your life. You craft your plan, even type it up and use perfumed paper and make it look pretty. And then you look at it again, get overwhelmed at your plan and you lose interest in changing anything in your life altogether.

 

How To Get Something Done Despite Life’s Distractions and Avoid Overwhelming Yourself.

 

We cannot avoid distractions, life does that to you and you cannot change that. But what you can change is how to get something done despite these distractions. In fact, what I will share will completely underwhelm you.

 

Personally, I am not a planner. I have no skills whatsoever in organizing a “to do” list for implementing all of my life changing ideas. (Which is why I am blessed to have my fantastic wife who is absolutely superb at planning and organizing our lives…but I digress)

 

So what do I do to get results?

 

I just pick one very small thing I will do for 5 days (Monday to Friday).

 

Start With One Small Thing And Make It A Habit.

 

For example, January of this year I finally made a decision to lose some weight, but instead of doing what I normally do when I get that urge to lose weight — go to the gym, get a fitness coach, go on the latest diet, be grumpy, snarl at everyone, get overwhelmed and forget about the whole thing and not get anything done, I picked just one thing to do everyday from Monday to Friday that will help me lose weight.

 

I stopped eating rice during dinner. (yes I know pretty cliche)

 

Let me repeat, only during dinner. I could eat rice for breakfast and lunch but come dinner time, I cannot touch it.  I did it for 5 days, then on Saturday and Sunday, I’d take a break and eat rice. It wasn’t a big move, just a very small change and I barely noticed it. My weight didn’t go down that week.

 

Then I kept at it the next week, and continued for another week, and another, and another then finally I woke up one day and I had lost 5 pounds and more importantly lost 2 inches off my waist, and you know what the best part was? The change I made was so small that I didn’t give it that much thought, an yet it produced results — with minimal effort.

 

Now, I do not eat rice during dinner 7 days a week and it has become a habit. In fact it is such a habit now that I’d feel uncomfortable with eating rice at night (I’d feel bloated) Have I lost more weight? Not yet, but I feel so much healthier.

 

Good Habits Create More Good Habits

 

Now, when you create a good habit, it most definitely will create, almost automatically, another good habit. Because I lost some weight and inches off my body, Just last week, my body started craving for a little exercise so I started going to the (golf) driving range again. I went once last week for only 30 minutes. Nothing life changing, didn’t even sweat that much, then I went again this week this time for an hour, and guess what, I’m going back again next week, and the next, and the next until I make it a habit once more. Now my body hurts but I feel absolutely great.

 

Results Follow Habits Automatically

 

Now of course, my example above is about losing weight, so you might be asking “can I apply this to making money run after me?”

 

Definitely.

 

This is a universal technique for anything you want to improve in your life, which most definitely includes making money run after you. Remember, results follow habits automatically and it starts with just one small thing. Now, I have an assignment for you, if you really want results, please do this:

 

Your Assignment:

 

Read all the past articles of this series, pick one small action item out of everything I shared (yes just one) that you will do for 5 days starting this Monday until Friday. Make it a habit, then you will see that soon, your habits will produce more good habits, and before you know it, you are achieving results with minimal effort.

 

Good luck and God bless.

 

Author Box:

Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—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.  Mark, together with his loving wife also created wealthflowproject.com a website dedicated to teaching people how to make money run after you. A sought after speaker for business, investing, You may email your comments and questions to: markso@wealthflowproject.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

 

How to make money run after you (Part 19)

Posted by on Oct 17, 2012 in Personal growth | 0 comments

“Let’s Summarize What We’ve Learned in 9 months”

 

If you want to make money run after you, please sign up for the Wealth-plan so I can email you my previous articles from the very start.

 

In this article, I will summarize all the things I’ve talked about until this point so you can catch up on what you’ve missed.

 

How to Make Money Run After You (Recap)

 

After 9 months of reading my articles at Manila Bulletin, you should be aware by now of the following:

 

  •  Wealth is never destroyed, only transferred. Every single day there will be people who lose money, and at the same time, there will be people who make money. Money is transferred from losers to winners.
  • To become a winner and have money and wealth transferred to you, you first have to learn a simple money management technique which I call my simple cash flow method. This method teaches you how to know where you are financially with just 3 numbers on a blank sheet of paper.
  • To become wealthy, you DO NOT simply follow the saying “live below your means”. Because it just does not work for majority of people, instead, I taught you to spend even more, BUT, you must spend more on GOOD expenses and not BAD ones.
  • One of the worst BAD expenses around are MONEY LEECHES. Money leeches are persons or uncanny events that just happen to show up anytime you come into some money, it could be a long lost friend, relative, acquaintance, or event such as hospitalization or house or car repairs that you were unprepared for. Leeches deplete your wealth and most of the time, you don’t even realize it.
  • Instead of giving money to leeches, learn to say NO. Instead of cash, learn to give in kind, which based on my experience is worth so much more in the long run, plus you dramatically reduce all the leeches in your life and protect your hard earned money.
  • For those who are married, your greatest asset /liability will be your other half. Make your Husband / Wife your wealth building partner, learn to talk and not fight about money, pray before your money conversations, if you get into a fight, never sleep without patching things up, In my experience, it is the Man who should always apologize first if you get into an argument (even if it is not your fault) and it is the Man who has to lead the conversation, because it is the men who are hardest to convince to do anything about the current situation.
  • For those who are single, know that your future Husband /Wife is the key to a wealthy and happy life. Pick well, and do not settle for anybody who is not open to talking about money and does not make you happy and fall in love with passion. Remember, you can be great by yourself, but you can be so much more if you find the right one to live and grow your life with.
  • Figure out what you are ‘great at’ as soon as possible. Many times we struggle with wealth building because we are not doing what we were born to do. Once you align yourself to doing what you are great at doing, you discover who you really were meant to be. Many times, you become successful in your career but are miserable doing what you do day in and day out. You are not alined, you’ll get there eventually if you really want to and if you just answer the question, “what am I really great at doing”, and when you do, it opens up a whole new world for you and wealth will flow so much faster.
  • Building wealth has a simple 3 step blue-print. Step 1 make the money, which you can do by excelling in your chosen career, or by building a business. Step 2 manage the money, which requires you spend, save, give, and protect your money properly, and Step 3 invest the money wisely.
  • If you are to build a business, be aware that there are 2 kinds of businesses. The first is a “negative” cash flow based business, and the other is a “positive” cash flow business. Majority of businesses that people think of, say a coffee shop, is a negative cash flow business because it requires you to spend money first (cash out first) before money comes in. However, ever since businesses were born, just a few really realize that businesses can be cash flow positive from the very beginning, i.e. service based businesses which only provide services when money comes in first, then spending is done later. Knowing the difference between the 2 business cash flow models will immediately add to your wealth flow journey.
  • If you are ready to invest, you just need to consider 3 questions before you plunk down the money. 1. Can you afford to lose the money in case the investment does not go your way? 2. Do you understand what you are investing in? 3. How long will it take for the investment to produce something one way or another? We all need to invest because savings alone will not be enough to get you wealthy, also and practically speaking, we are not getting any younger and we need something that will provide for us when we can no longer work as hard.
  • Lastly, you need a thick skin to generate true wealth, from getting rid of money leeches, to excelling in your career, to building businesses, to successful investing. You will encounter many antagonists, many nay sayers, many small minds that will tell you you are not good enough, or it cannot be done, do not get angry with them, instead simply decide to prove them wrong.

 

So after reading everything and following my articles for 9 months, I can say this, your life has not changed one single bit am I right? Sure, you may have had an “aha” moment, or a time when you had some clarity, but you forgotten it all by now.

 

Do you really want results? Then Join me in the next article as I explain what to do next with all of the things I mentioned above and make money run after you.

 

 

Author Box:

Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—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.  Mark, together with his loving wife also created wealthflowproject.com a website dedicated to teaching people how to make money run after you. A sought after speaker for business, investing, You may email your comments and questions to: markso@wealthflowproject.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

 

How to make money run after you (Part 18)

Posted by on Oct 17, 2012 in Personal growth | 0 comments

“How To Get A Thicker Skin!”

 

In my previous article, I talked about needing a thick skin to generate wealth. In this article, I will share another story of my life and teach you how to have a thicker skin in the process.

 

I was a painfully quiet person growing up.

 

When I was a child growing up, I was a very quiet but very “intense” kid according to my Mom. I would rarely chatter about, always quiet, always thinking and always with a serious face. I would even remember the grown ups tell my mom, “Still waters, run deep with Mark” which my mom took in as a compliment. For me however, it was psychologically,  painful. I could not really say the things I felt. Most of the time, I held my emotions inside of me until I couldn’t hold it anymore and just burst out with rage and anger or tears and fear. It became unhealthy and it was back then a huge “blockage” for me.

 

 

I knew I wanted to break out of my shell, but I didn’t know what or how to change.

 

This went on for most of my grade school and high school life, I was struggling with this, I only had 1 or 2 close friends at any given time, wasn’t running with the popular crowd, and was usually too shy to be a good conversationalist. For the life of me, I could not understand why I could not be more like my other classmates who were naturally talkative,  friendly, and popular. Although I wasn’t an outcast and was one of the 3 biggest (ahem, physically tall) students in my batch, I wanted to break out of my shell but I didn’t know what or how to change.

 

Pain, Often Leads To Faster Transformations

 

One very vivid moment that I still remember today was when I was called in to the guidance councilors office in High School, the guidance councilor asked me a simple enough question “Mark, what do you think your IQ is?”

 

Now, I always thought that I had an above average IQ because I did take an IQ test when I was a lot younger and remembered my result: ‘above average’. But I thought of being a little bit more humble about it and just said to him after a moment, “I think I’m average?” which I was assuming he would say ‘of course not you are super intelligent’, but he didn’t, instead the guidance councilor said in a cold, non-caring tone: “yes Mark, you are correct, you are JUST AVERAGE.”. “WHAAAAT??? OUCH!” was what I was screaming in my head when I heard this.

 

It all starts with Esteem and an Antagonist

 

You could just imagine how I (a 14 year old boy) was so red in the face and embarrassed by what I just heard from a guidance councilor no less.

 

That day broke my confidence, it made me question my worth, made me feel like an outcast amongst my classmates even if I wasn’t treated like one, and most of all, made me crawl deeper into my shell. That day, I lost my esteem. That day the Guidance councilor became my antagonist.

 

I made a decision to prove him wrong

 

I was in 2nd year High school when I heard those words, and I felt bad, really bad. But my style was never about surrendering to self-pity. I didn’t even tell my mother about it, but silently in my own mind, I decided to prove him wrong. No I didn’t take another IQ test (Although that would have been easier), instead, I worked my but off and studied harder than ever. My mom even noticed a change in me, I was being more diligent as the days, weeks and months passed by. And when I reached my 3rd year in high school, I had made the honor list.

 

No One Ever Evolves By His Own Merit Alone

 

The guidance councilor in my life should sound familiar to most of you reading my article right now, you were probably at one point in your life made to feel that you are lesser than who you think you are. Do not get angry with them, instead do what I did, prove them wrong, because believe it or not, they are the people that you need, they are the people that God sends your way, not to make you feel bad, but to make you evolve into someone even better.

 

So how do you get a thicker skin?

 

Sure the antagonist drove me to excel, but it is not antagonists who made my skin thicker. What really makes your skin thicker is the decision you make to accomplish something for yourself. Accomplishments inflate your esteem and self-belief. And with more accomplishments, more self-belief. With more self-belief you will do anything and accomplish anything no matter what anybody else tells you. That is how you succeed.

 

Today, I lead a group of companies that help thousands of people not just in the Philippines but also in the US, Canada, UK, and Brunei. I have a beautiful wife, an incredible daughter, a strong son and a loving family who will never need or worry about money even after I am gone.

 

Thank you Mr. Guidance councilor, I couldn’t have done it without you.

 

 

Good luck and all the best!

 

 

Author Box:

Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—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.  Mark, together with his loving wife also created wealthflowproject.com a website dedicated to teaching people how to make money run after you. A sought after speaker for business, investing, You may email your comments and questions to: markso@wealthflowproject.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

How to make money run after you (Part 17)

Posted by on Oct 17, 2012 in Personal growth | 0 comments

“Generating Wealth Requires A Thick Skin!”

 

In my previous article, I talked about how to make a career out of what you are great at. In this article, I will show you that wealth comes faster once you develop a “thick skin” in your pursuit of either a great career, a great business, and even in investments.

 

Remember Money Leeches?

 

If you have been following my articles, one of the most crucial lessons that I have taught which I hope you understand and implement is for you to be able to get rid of your money leeches. A money leech, as a quick review, are persons, or uncanny events that always show up the moment you get your hands on a little cash. These leeches will steal your hard earned fortune if you do not pay attention.

 

The lesson and bottom line that I really wanted to teach you on the Money Leech topic was to know and learn how to turn down certain types of people to protect your wealth.

 

And that requires a ‘Thick skin’.

 

Generating Wealth Requires A ‘Thick Skin’.

 

But having a thick skin, is not just about saying ‘No’, having a Thick Skin, especially in the context of generating more wealth, is even more about saying ‘Yes’ to things that you may think is impossible or extremely difficult based on whatever reason you have.

 

For example:

 

What if at age 14, finishing only elementary school, you needed to leave home and take care of yourself because your mother could no longer support you due to extreme poverty, could you do it?

 

What if you lost everything? Your money, your friends, your lifestyle, and everything you knew vanished in a blink of an eye? Would you be able to pick yourself up and start all over again?

 

What if everyone was removing all of their investments from the stock market, because of extreme fear, the world being in chaos, and everybody was telling you to just take your money and run, would you follow them? Or would you look for opportunities to invest in the stuff no one wants to touch?

 

The examples I mentioned were actually real situations that real people had to face. And in every instance, each one of the people involved did what ‘thick skinned’ people always do to generate, re-build, and generate even more wealth, they said ‘Yes’. And because of that, wealth, convincingly ran after them.

 

Success stories of the ‘Thick Skinned’

 

The person who had to move out to take care of himself at age 14 finishing only elementary was none other than Manny “Pacman” Pacquiao. At the age of 14, Pacquiao moved to Manila and lived, for a time, on the streets. He started boxing and eventually made the Philippine National Amateur boxing team. Today Manny Pacquiao is regarded as the worlds best pound for pound boxer, and he has achieved incredible wealth with a declared net worth of P1 Billion. Manny has achieved the pinnacle of his career. Why? Because aside from being great at being a boxer, he had a thick skin and he said ‘yes’ to the harsh realities that were thrown at him.

 

The person who lost everything, his money, his friends (who turned out to be freeloaders), and his rich lifestyle was none other than John Gokongwei. Mr. Gokongwei, was actually born rich. His father owned a chain of movie houses in Cebu, his family was well taken cared of, in fact John himself was chauffeur driven to school everyday and would invite all of his friends to watch free movies. But at the age of 13, John’s father died due to complications with Typhoid, and the problem was, the movie empire was built on credit so when his father died they lost all of their possessions to the banks and creditors. Needless to say, Mr. Gokongwei had to re-build what he had lost not only for himself but for 5 younger siblings and his mother. Today, Mr. Gokongwei is one of the wealthiest men on earth he is worth approximately $2.7 Billion Dollars and is the third richest man in the Philippines. Again, all because he had a thick skin and he said ‘Yes’ despite the drastic circumstances which he was not accustomed to.

 

Lastly, the person who was investing when everyone was selling off was none other than Warren Buffet (USA). At the height of the recent financial crisis, Warren, against the overwhelming fear, bankruptcies and turmoil of major Investment banks such as Lehman Brothers and Bear Sterns, he did what no ‘average’ investor would have ever done. In September 2008, Mr. Buffet bought $5 Billion dollars worth of shares of Goldman Sachs, an investment bank that was also greatly affected by the crisis and was on the verge of collapse. Despite the odds and the panic, Buffet held on to that investment during the worst of the crisis (which was October 2008), and turned it into $8.7billion in 2011. Warren Buffet is currently worth $47 Billion Dollars and is ranked the third richest person on Earth. Aside from being a brilliant investor, he achieved what he achieved because he said ‘Yes’ and had a very, very thick skin.

 

So being thick skinned, is about doing what you have to do despite the odds, fear, pressure, and the risks you think will doom you. Being thick skinned is necessary for you to achieve the unthinkable.

 

Stay tuned for the next article where I will share with you my story and how I became ‘Thick Skinned’ and hopefully teach you how to do it for yourself.

 

Good luck and all the best!

 

 

Author Box:

Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—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.  Mark, together with his loving wife also created wealthflowproject.com a website dedicated to teaching people how to make money run after you. A sought after speaker for business, investing, You may email your comments and questions to: markso@wealthflowproject.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

How to make money run after you (Part 16)

Posted by on Oct 17, 2012 in Personal growth | 0 comments

“How To Make A Career With What You Are Great At!”

In my previous article, I mentioned that finding out what you are great at requires “experimentation”. In this article, I will teach you how to move forward with whatever it is you are great at so that it leads to a successful career or sideline business which ultimately will lead to a more ‘aligned’, and a ‘wealthier’ you.

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A Real Case Study

 

When my article titled: “The one thing you should learn early on in life” came out a few weeks ago, I’ve had a few people write to me telling me what they are great at. One email I got was from a former “National Chess Master” (whose name will remain confidential)

 

I picked him as a case study because it is pretty clear that he knows and really is great at Chess, he has already proven it and can be regarded as an “expert” in his field.

 

In his email, his passion for the game was pretty apparent but he mentioned also that he was already too old to pursue it as a tournament contender but that he is also a blogger writing of course about chess. He also said that he used to work for a call center and is presently unemployed. His only question to me in the email was, “should I pursue it as a career or as a hobby?” to which I said pursue it of course as a career.

 

So for this article, and as a case study, I would also like very much if you, dear reader, can also provide your inputs by writing to me your feedback and suggestions at markso@wealthflowproject.com  so that all of us together may learn and benefit from this case study.

 

It is my hope that whatever advice and action steps that I provide here will be continued on my blog and via email with me to help him and of course, the rest of the readers like him across various fields and endeavors.

 

First, make sure you have cash coming in.

 

Okay so lets begin. Before experimenting and pursuing “what you are great at” as a career, you must make sure to have cash coming in. You can do this either by getting hired as an “employee” and apply to fill positions that would regard you as a “Chess expert” OR as a “consultant” or a sideline business owner to create cash as a “Chess expert”

 

Do not limit yourself. There are many industry segments and many opportunities for your skill.

 

Going back to the topic, what you are great at is not just playing and analyzing Chess games. Chess has many, many industry segments and sub groups that you can and should start exploring now.

 

For example, a segment of the chess industry could be events management companies who produce and promote chess tournaments locally or even abroad for a profit. Can you see yourself as being employed or consulting with any of these companies?

 

Another industry segment could be software companies that are keen on producing chess gaming apps for the iPad OS or Android market. Wouldn’t they need an “expert chess player” so they can consult on more chess variation moves to place in their programs and Apps?

 

And yet another industry could be education and chess tutorial clubs locally or even online that would be willing to hire a Chess expert to be their head coach or perhaps a chess consultant to their more advanced players?

 

So my point is, there are many opportunities to go after. Pick one and try getting employed or offer them a consultancy package.

 

Next, Here are the steps on getting employed, or starting a sideline business as an “expert”.

 

Here are a few guidelines to getting employed in an industry segment.

 

1.) Google the phrase “Chess consultants for hire”; “Chess coaching online”; “Chess paid tutorials” etc. to get some leads and ideas on what is out there.

2.) Send your Resume for employment. Make sure to write a personalized and grammatically correct cover letter and not just an attachment.

3.) Go to wealthflowproject.com and read the article titled: “the true story of how I created my first job” found under “free articles” then “career management” to give you more insight on how to close an interview and get the job.

 

Repeat the process using different google key words as many times as possible until you get some response.

 

Here are a few guidelines to getting into consultancy or

starting a sideline business.

 

1.) Start by offering your services to family and friends only and say that you want to try this out first with them. Limit the “Free” service for 3-5 clients / projects and see if this service is something that you would enjoy doing for a fee.

2.) Ask for honest feedback from your family / friends about your service and if they would be willing to recommend you to their friends. Get their honest inputs and improve based on that.

3.) If within the first 3-5 jobs you feel it’s not for you, go and try another variation and test the market again. Do this until you figure out what you feel totally comfortable with.

4.) Price it, and advertise it for free by word of mouth and through the Internet.

-Let your Family and Friends be your advertising machine. Word of mouth is always the best advertising there is.

-You should also start advertising yourself on Social Media Sites like Facebook, Multiply, and possibly even promote it on your own Blog to highlight your skills and who you have served.

 

 

Good luck and all the best!

 

 

Author Box:

Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—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.  Mark, together with his loving wife also created wealthflowproject.com a website dedicated to teaching people how to make money run after you. A sought after speaker for business, investing, You may email your comments and questions to: markso@wealthflowproject.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

 

How To Make Money Run After You (Part 15)

Posted by on Oct 17, 2012 in Personal growth | 1 comment

 “I Know What I Am Great At, Now What?”

In my previous article, I asked you to answer the question “What are you great at?” If you haven’t read that article yet, please sign up for the Wealth-plan on the right so I can email you that and the previous articles in the proper order.

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In this article, I will explain what to do next when you can definitively answer my question above. But first, let me clarify something.

Is being great at something, necessarily being passionate about it? Or Is being passionate about something necessarily being great at it?

My answer to both of those questions is a simple No.
Most of the time, people tend to think of the 2 as one and the same, but there is a slight difference that when overlooked leads to misery for a lot of people. Let me explain this further as it is critical to answering “Now What?”

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According to Malcolm Gladwell, a best selling Author, to master something, you have to do that something 10,000 times, then you master it. While I agree in the simple logic of it, simply doing something you are passionate about 10,000 times will not necessarily translate to being great at it, it can make you better at it, but not necessarily great at it.

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Let me use one of my passions as proof of what I am saying. I am very passionate about golf, there was a time when I practiced my golf swing by hitting the ball in the driving range for 2 whole months (60 days) straight!  And everyday, I would hit an average of 5 buckets or roughly 175 balls. Multiply that by 60 days, that would translate to 10,500 golf swings! Well, I have to admit, the result was astounding, I became very good at it and my golf score improved by at least 10 strokes, meaning, If my average score before I practiced was 95, my new score was now 85 which in the game of golf is pretty good for a weekend warrior golfer. But was I great at golf?
Not really, 85 is no where near what it will take to make me win an amateur golf tournament let alone a professional one. It can give me bragging rights that I am better than my friends, but great at golf? Again, not really.

“Well, what is your definition of ‘Great’ Mark?”

that’s probably what you are thinking right now. ‘Great’ in my definition is that you are regarded as an ‘Expert’ in that field, that people look to you as a bench mark, as a standard.
“Whoa, isn’t that a bit too high an expectation for yourself?” No, not really. Felix Casas is one of the Philippines ‘Great’ Golfers, of course Tiger Woods is one of the more recognizable names in Golf and is regarded as the world’s number 1 (regardless of the fluctuations in the official rankings) sure they are Golf Greats, but what about ‘Mr. Domingo’ (Not his real name) down at the golf driving range, he is a golf instructor, he has 10 clients every week paying him P1,000 per hour per student for golf lessons. Do you know him? Is he at the same popularity level as Mr. Casas or Tiger Woods? Of course not, but is he an expert? Yes. Well at least 10 paying clients (and growing) of his seem to think so.
Get my point?

“So what about what you said in your previous article Mark, when you said you realized that you were great at communicating, were you not passionate about that?”

In all honesty, I wasn’t. Well at least, not in the beginning.
Remember, I didn’t even realize back then that being great at something and being passionate about something were 2 different things. I never consciously practiced ‘talking’ and ‘convincing’ people 10,000 times! (nor would I want to for that matter) Instead, communicating to me was very natural, without effort and without thought. So much so that I barely realized it for 9 odd years! Yes, I’ve had people tell me that I was very charming, very convincing, and very sincere with my words during those years, but was I an expert? Nor did I even think about being an expert communicator? Not in the slightest. But as time marched on and with my awareness of it growing, I began to use it to pursue my other “passions” in life, one of them dreaming of becoming an ECE, and another being employed in a big multinational company, which as my story goes, ended with me being miserable, empty and dissatisfied.

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So when I finally realized that I was great at communicating — And here is where I finally answer the question in the title of this column– “What Now?”
I pursued it with more intensity.

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So if you are still thinking, “should I pursue it as a career or just keep it as a hobby?”

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My suggestion is pursue it as a career. BUT  be practical about it, don’t quit your day job just yet.

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Next, I started ‘experimenting’ with it. At first, I hosted several parties at work — and I had a blast, and apparently so did the audience. Then I started hosting my friends weddings, which again made me and the other people around me simply ‘happy’. Word soon spread, I was a “great” party host. I was doing all of this for free mind you because I didn’t know if I would do a great job then. But after several hosting gigs, was I now being regarded as a bit of an expert? Yes. Did I pursue being a party host?

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No.
Why?

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It simply didn’t feel quite right for me, so I kept experimenting, and experimenting, and experimenting until i found something I could see myself as.

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A teacher.

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Am I passionate about it?

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Yes.

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Am I regarded as an expert at it?

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Well, you tell me.

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So my dear reader, the next step is simple. Experiment with that one thing you are great at until you find a variation of it that makes you passionate enough about pursuing it. Pursue it until you are regarded as an expert at it. Then read my next article where I teach you how to really make a career out of it.

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Author Box:Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—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.  Mark, together with his loving wife also created wealthflowproject.com a website dedicated to teaching people how to make money run after you. A sought after speaker for business, investing, You may email your comments and questions to: markso@wealthflowproject.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

How To Make Money Run After You (Part 14)

Posted by on Mar 20, 2012 in Personal growth | 13 comments

“The One Thing You Should Figure Out Early In Life”

In my previous article, I talked about “The Most Profitable Investment for Entrepreneurs”. If you haven’t read that article yet, please read part 13 of the series and sign up for the Wealth-plan so I can email you that and the previous articles in the proper order.

In this article, I want to focus on the “One Thing” that anybody should figure out early in life if they want to succeed and more importantly, ENJOY life. If you can answer this one question of mine definitively, and without a shadow of a doubt, then email it to me at markso@wealthflowproject.com Ready? Here’s the question:

“What Are You Great At?”

It is a simple question really but a very hard one to answer for a lot of people. In fact, you’re probably thinking right now what to answer, or simply say “I don’t know”. Others, may find themselves thinking of several things they are great at because they are multi-talented. I just need you to give me 1 (one) thing that you are great at and nothing more.

When I was a kid, I had a pretty clear picture of what I wanted to be. Some kids wanted to be doctors, others astronauts, well I wanted to be an Engineer, specifically a Computer Engineer, why? Because it sounded totally cool and awesome (hey, I was a kid after all right). And so, when it was time to go to college, naturally I took up Electronics and Communications Engineering (E.C.E) which is not just Computer Engineering but Communications Engineering as well (Broadcast, Telecoms, etc.) in other words, I went after what I wanted to be. But, it wasn’t what I was great at.

While taking the course, which was one of the ‘harder’ courses back in my day, and brilliant as I was, I never became the TOP student in my batch, that post was taken by a guy who had a perfect grade point average (GPA) of 4.0 and his name was “Mr. Lim”. In other words, although I knew I wanted to be an Engineer, and no matter how hard I studied and tried, I could never beat Mr. Lim, in fact there were at least 29 people who had better GPA’s than me when we graduated. I was of course number 30 in the top 30 to graduate the course. This is not to say I was not as smart as the rest, but rather because I did not answer back then the one question I am asking you now.

So let’s continue. After I graduated, of course I went looking for a job that needed ECEs. I applied and was rejected from a lot of big multinationals because my GPA was not high enough, but I did land a job eventually, in fact, I created my own job in Islacom (the article is called “The True Story of How I Created My First Job” which can be found in my blog wealthflowproject.com) then I moved to an IT company, then finally a huge Multinational Telecoms company. But even though the money was great, I was miserable because I wasn’t really doing what I was great at doing. In fact, and I can say this now with all honesty, I wasn’t doing it because I was great at being an Engineer, I was doing it because of the money, and again in all honesty, I have to admit, I sucked as an Engineer!

“Doing what you are not great at, distracts you from who you are really meant to be!”

But what I was great at, what I realized much later on in life, was that I was great at “Communicating” and getting through to people. I finished top 30 in my ECE class because I “talked” my way to passing my Thesis. I convinced the panelists why they should pass me, which they did, not because my thesis was excellent, but rather because my words were. I created my own job at Islacom because I “talked” my way to getting the head of the mobile division to hire me, not because I was a top notch engineer, but because I was a top notch “communicator”, selling my number one product –me. How I wish I had seen it already back then, but then again, like most people, I did not because as I said, My next job, made me miserable. Because, and let me say it again, doing what you are not great at, distracts you from who you are really meant to be.

So when the opportunity to go full time into business came my way, I went for it. My first business venture, did not do so well, and in fact almost ruined me because that business did not allow me to do what I was great at doing. The next business was an entirely different story altogether, for that business was Businessmaker Academy. I didn’t realize it back then, but I do now, because this business has flourished and continues to do so. Why? Because, at Businessmaker Academy, I do what I do best, here I do what I am Great at doing every single day. Today, together with our top notch resource speakers, we have taught, inspired, trained, and developed more than 20,000 alumni.

So my dear reader, if you want to succeed and ENJOY your life earlier on, take my advice, figure out what you are great at, then be the best at it.

Author Box:
Mark So is a fervent businessman, Investor and educator. He is the Chairman and CEO of Businessmaker Academy—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. Mark, together with his loving wife also created wealthflowproject.com a website dedicated to teaching people how to make money run after you. A sought after speaker for business, investing, You may email your comments and questions to: markso@wealthflowproject.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

How To Make Money Run After You (Part 13)

Posted by on Mar 12, 2012 in Business Management, Personal growth | 12 comments

The Most Profitable Investment for Entrepreneurs”

 

In my previous article, I talked about the 3 things to consider before investing in ‘assets’. If you haven’t read that article yet, please check out part 12 of this article series.

In this article, I want to focus once more on Entrepreneurs and talk about what the most profitable investment is for Entrepreneurs.

 What is the most profitable investment for Entrepreneurs?

 

So let me give you the answer now. The most profitable investment of any entrepreneur is PEOPLE. Yes, you read that correctly, it is not product, it is not brand, it is not real estate, or stocks, or any other investment class you might think of. It is just one thing: PEOPLE.

 

Lets break it down:

 

Now in the world of ‘business making’, PEOPLE do not just refer to your employees. When I say PEOPLE, I mean 2 very big groups: 1) CUSTOMERS and 2) EVERYONE ELSE WHO WORK WITH AND FOR YOUR BUSINESS. Needless to say, and at the risk of ‘mastering the obvious’, CUSTOMERS are profitable investments.

 

Why should you regard customers as investments?

 

Well, most businesses regard customers as simply ‘people who buy stuff from you’, but successful businesses think of customers as ‘Investments’. Let me explain this further to add context to what I’m saying — every successful business big or small who ‘invest’ in customers are the businesses that make an effort to convert customers into ‘clients’. And clients are repeat customers or ‘people who buy stuff from you over and over again’. In tagalog, pag bumili ang isang customer, ang negosyong marunong mag-invest sa customer ay ginagawang ‘suki’ ang customer.

 

Now, as an Entrepreneur, if you can successfully do that, then you will realize, exactly how profitable investing in a customer really is. But more than just repeat sales, a more profitable result in investing in customers (if you do it right that is) is the positive word of mouth that your clients will give you and your business which in turn produces more customers for the business to invest in once more.

 

How do you invest in ‘Everyone Else’?

 

Well, first off, lets break down further who ‘Everyone Else’ is shall we. 1) Suppliers. 2) Partners, and of course, 3) Employees

 

Investing in your Suppliers

 

Never take your suppliers for granted nor should you treat them badly. Great and reliable suppliers are the result of ALWAYS paying them the right amount without unnecessary delays. Investing in your suppliers is about treating them professionally, treating them fairly and treating them with respect.  In the end, if and when you are in a bind, and you have invested in the relationship with any and all of your suppliers chances are, they will be more than willing to help you by giving you an extra discount, extending terms of payments, or in whatever way they can.

 

Investing in your Partners

 

Partners whether investors, creditors, sales affiliates, and any other organization that leads to either more capital or more customers is of course another thing any Entrepreneur has to invest in. The real trick with investing in your partners is that you as the entrepreneur have to make money for them, and, always be the first to act in their best interest. If you are successful here, you will have partners that would be more than willing to produce profits for you as well.

 

Investing in your Employees

 

Now you may be thinking of the usual things that you hear most people talk about, hire very good people for your business. Give great benefits, a career path, and other perks. While that’s all good and fine, investing in your staff and employees are not just those. In fact, there is one thing that life has taught me about this topic, it is this, all of the above won’t matter if you do not first of all invest your own time to teach, guide, lead, manage (discipline) and most of all RECOGNIZE your employees properly.

 

Now if you are able to invest in your employees successfully, this leads to a happier work environment, a more efficient operation, and of course more customers and clients that ultimately produce more profits.

 

But that is not the only benefit proper investing in employees do. When your employees start taking charge and starts to truly care for your business (and even you), It gives you, the Entrepreneur a commodity more valuable than money, which is MORE TIME. More time to either work on expanding the business, or more time to spend with family and loved ones.

 

So, remember, if you are starting or are already in business, the most profitable investment you should ever make is to invest in your PEOPLE.

 

Author Box:

Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—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.  Mark, together with his loving wife also created wealthflowproject.com a website dedicated to teaching people how to make money run after you. A sought after speaker for business, investing, You may email your comments and questions to: markso@wealthflowproject.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars