Quote Originally Posted by oldblue View Post
eto sir i dont know if it will help pero I just develop this simple rule, this year lang and it's my own makeshift motto . "Focus on money, you get money. Focus on career, you get career."

on "judgment day" (or specifically when you turn 60), what do you think you will have more? career or money?

if it's career that you have more but you're already retired, will your career achievements help you in the next stage of your life? this question, I reserve to all of you career-oriented individuals na lang. no need to answer me or anyone here. basta sikreto nyo na yan sa sarili nyo.





sir *m54_powered, I'm not a successful businessman. I was just plain lucky bec. I got in to a business model than nobody knew until the half of my business years.

You know the problem with just being lucky, you're not really a battle-tested businessman at all. but the biggest problem of all is not letting go when failure is inevitable. accept defeat, face failure, then regroup. it'll take time talaga and you'll lose a lot like what happened to me. I lost all my branches, except 1 pala but I'm selling it to a friend at bargain prices.

i'm in the regrouping stage right now. I'm happier though ... dont know why? in fact even happier than when I had a good-running business.

maybe it's the enthusiasm. lose it you lose your business regardless how skilled and intelligent you are.
ah, hokei. di mo kasi sinabi na hindi pala successful ang pagexpand mo. well good luck with the recovery.

basta ang payo ko lang sa magbubusiness eh make sure you are as prepared and as knowledgeable as you possibly can be. there is so much uncertainty and risk out there that you owe it to yourself to make sure you know how to deal with it.

i've been lucky enough to have the experience of setting up two new businesses, but with other people's money (franchises). on the first try - we were establishing a network of tax servicing offices throughout the Southern California area - we failed by my standards (made money, but underperformed expectations). the second time around i was much better at managing people, dealing with setbacks, and aggressively going after competitors, and was much more successful.

so i do agree with oldblue that failure is a great teacher, but it could have cost my company 5 million USD if we didn't turn it around. i can't imagine what i would do if that was my own money and i lost it.


sagutin ko na rin yung tanong mo about career vs. money, because this is an interesting topic. for me, i will be happy at the end of my career because i will have had experiences and accomplishments, and developed skills that i will always be proud of. i agree that my retirement income will not come from a paycheck or a pension, so i am doing what i believe every salaried career person should do - put every possible cent into investments that will give you retirement income (which is the whole point of the thread, hehe)

also, try to advance enough to get a position with profit sharing, stock options, or both. it really helps