New and Used Car Talk Reviews Hot Cars Comparison Automotive Community

The Largest Car Forum in the Philippines



Page 1 of 2 12 LastLast
Results 1 to 10 of 19
  1. Join Date
    Sep 2006
    Posts
    35
    #1
    Hello po mga pips,

    Totoo kaya ito? http://media.richdad.com/cashflow4.swf

    Seems logical naman yung approach eh. For me medyo naconvince ako.

    To all tsikoteers na negosyante, ganito po ba kayo magisip? share naman po mga tips.

    thanks

  2. Join Date
    Nov 2005
    Posts
    36,324
    #2
    well, that rich dad poor dad thing did make one person really really rich ---- that person is Robert Kiyosaki

    now he co-authored a book with The Donald. Both those guys want u to be rich daw.

    Hmmm....... if u buy their book and make them richer first.

  3. Join Date
    Jan 2004
    Posts
    2,329
    #3
    actually, i've read the book. all of it makes sense. now, how do i learned all of this without getting ripped? i read whenever possible in powerbooks gb4.

  4. Join Date
    Oct 2002
    Posts
    10,620
    #4
    yan ang mautak...

  5. Join Date
    Oct 2002
    Posts
    13,415
    #5
    All of these financial planning books are in essense "true" naman eh, but none of the concepts will help if the reader doesn't understand the fundamental issues like budgeting, investing and controlling spending.

    Uls: Exactly, they know how to make themselves rich as well by doing so. Would you buy a finance book from a guy who's bankrupt? hehe.

  6. Join Date
    Aug 2004
    Posts
    22,710
    #6
    RE: Powerbooks: BWAHAHA! That's a great way to practice proper cashflow... just don't spend it!

    RE: self-help books... true... these books won't work if you don't educate yourself on the basics. Most of this stuff is just common sense in an easy to read package.

    Buying lots of these isn't as helpful for prospective entrepreneurs as going out and actually applying the principles is.

    Ang pagbalik ng comeback...

  7. Join Date
    Sep 2006
    Posts
    35
    #7
    lets say you have 20k to start with. what will you do with it? sa current na setting po dito sa pinas.:grouphug1:

  8. Join Date
    Aug 2004
    Posts
    22,710
    #8
    20k pesos? Fishball cart? (self-run)...

    With that much, you can get a good price for cellcards, but the amount of time it takes you to sell makes earnings marginal.

    Ang pagbalik ng comeback...

  9. Join Date
    Nov 2005
    Posts
    36,324
    #9
    ummm... i would not buy a get-rich book written by a guy who got rich by writing get-rich books hehe

  10. Join Date
    Jan 2003
    Posts
    1,403
    #10
    Quote Originally Posted by niky View Post
    20k pesos? With that much, you can get a good price for cellcards, but the amount of time it takes you to sell makes earnings marginal.
    Actually you don't have to spend a lot of time to make earnings in this case relatively marginal.

    Let's assume you can purchase the cellcards at distributor pricing. Then all you have to do is find a dealer to whom you can sell at 1% mark-up. Since the cellcard business is basically cash basis, you can actually turn around and do three transactions in one day, meaning you immediately go back to the telco after getting paid to buy more cards. So, in effect, you can generate a minimum 3% gross margin, more if you use the profits to buy more cards. After 5 days, you will have make 15% on your original P20K. In the succeeding weeks, you can up the ante by adding your profits to the original P20K to buy more cards and generate more profits.

    Of course, in real life, the wholesale distributors generally have much bigger capital, get the best discount rates and are therefore able to turn around millions of pesos worth of cards in a single day. Since 1% of P1M is P10K, they actually make good money.

    But you can pretty much apply the same principle to other businesses with the same potential.

Page 1 of 2 12 LastLast
Cash Flow: Will it make you rich?