Pano ba Yumaman?

**bunge** · March 3rd, 2007 05:45 AM

:lolabove:

Originally Posted by Horsepower

Principle of sowing and reaping.

Sow seeds and reap a plantation...

**the_wildthing** · March 3rd, 2007 07:00 AM

There are no hard and fast rules. You can get rich by winning the lottery. Or by illegal or criminal means. Or by hard work coupled with talent. Even luck. You can marry into a rich family, or be born into one.

Statistically, college graduates make more money in their lifetimes than their less-educated peers. There are exceptions, of course. It's just a statistic.

For many who did not inherit a dime, it's hard work, talent, and luck. And knowing how to spend and save, i.e. money management.

Quick question: if you suddenly get a raise, do you a) find a new expense to use your raise on, e.g. move to a bigger apartment? b) treat yourself to a good dinner once and put the additional money into a savings/investment?

Same thing with an unexpected bonus. Do you go out and buy that TV you want? Pay off the credit card and then use it again? Or put it into a savings/investment?

If a year ago you received 50,000 pesos and put it in SM stock, it would be about 70,000 now. 40% is not bad.

Live below your means.

The other thing is not to think about money all the time. Money is not everything. Money is not the key to happiness. If you look at majority of the top billionnaires, they're all philanthropists. And they gave away money or help even before they were very rich.

**uls** · March 3rd, 2007 10:02 AM

Originally Posted by spiff

??????
henry sy, gokongwei, andrew tan.
my god so many have come up from nothing. how can you make a comment like that. all it takes is passion my friend. you dont just marry into wealth here..iv seen so many people grow over the years.
seems that you all hope is lost for you... sad..

dude, im talking about the situation now. Like year 2007.

The taipans got their start after world war 2. 1950's or 60's. the playing field was very different then. it is very different now.

People can get rich by going into almost any kind of business. Like selling shoes and dealing rice and sugar and stuff like the guys u mentioned above.

Or like a guy's lolo i know who got rich with a fleet of taxis coz noone else during his time had a fleet of taxis. Try competing in that area now.

How many henry sys do we have? or gokongweis? or lucio tans? andrew tans? One of each dude. And the only people who will be on that level 10, 20, 30 years from now will be the heirs of those people.

The only people who can be as big as them now wont be making their money legally. The only people right now who are almost as liquid as the taipans are in positions of power. Or gambling lords and drug lords.

Now things are sooooooooooooooo different.

**ILuvDetailing** · March 3rd, 2007 10:34 AM

#1 William Gates III

Age: 50
Fortune: self made
Source: Microsoft
Net Worth: 50.0
Country Of Citizenship: United States
Residence: Medina, Washington, United States, North America
Industry: Software
Marital Status: married, 3 children

Harvard University, Drop Out

Microsoft's chief visionary moving further away from day-to-day corporate work. For the first time did not offer a strategy outlook at last year's financial analyst meeting. Instead, prefers to dive into innovative projects, foster collaboration among Microsoft's many divisions. Microsoft aims to be omnipotent, selling software for PCs, servers, cell phones, television set-top boxes, gaming consoles, the Web. At the ripe (tech sector) age of 30, Gates' company impressively beats rivals in profit margins, market capitalization and R&D budget, but its sales growth is slowing to a (recently) single-digit percentage pace. Like elder statesman of computing, IBM, has been investing heavily in its own stock. Diversifies methodically, selling 20 million shares every quarter, reinvesting through Cascade Investment. Big stakes in Canadian National Railway, Republic Services, Berkshire Hathaway. Philanthropy, via $29 billion Bill & Melinda Gates Foundation, aimed at fighting infectious disease (hepatitis B, AIDS, malaria) and improving high schools.

Bat nga ba nagkaganon?

These two gentlemen had a VISION and they were PIONEERS in the Software business, thet had the VISION one day every household would have a Microsoft Operating System running in their computers, combined that with the skills, business savy, and timing they hit it big time (In a very big way ofcourse).

Look at YouTube, they were PIONEERS of online streaming video, they cashed in big time when google bought them for around US$ 4B.

Look at Yahoo, they were one of the PIONEERS when it comes to search engines, they now have a multi billion dollar business.

Look at Netopia, they were PIONEERS in the internet cafe business in the Philippines, the original owner sold his business for a very substantial amount.

If you want to hit it big time, you've gotta find the next big thing.

Yes it is true that Sipag at Tyaga yan, but you also have to have skills and know-how to make it possible.

Tignan niyo si M54 Powered, lumalago ang kanyang man-whore business at naka bili ng M3 at Toor-Egg, and now he's sitting pretty in Sunny Florida State manion, in his olypic sized pool with his possy by his side and 50-Cent's album "Get Rich or Die Tryin'" in his boom-box

**mbeige** · March 3rd, 2007 11:18 AM

Get off your computer and get back to work!

**boybi** · March 3rd, 2007 11:53 AM

Originally Posted by uls

dude, im talking about the situation now. Like year 2007.

The taipans got their start after world war 2. 1950's or 60's. the playing field was very different then. it is very different now.

People can get rich by going into almost any kind of business. Like selling shoes and dealing rice and sugar and stuff like the guys u mentioned above.

Or like a guy's lolo i know who got rich with a fleet of taxis coz noone else during his time had a fleet of taxis. Try competing in that area now.

How many henry sys do we have? or gokongweis? or lucio tans? andrew tans? One of each dude. And the only people who will be on that level 10, 20, 30 years from now will be the heirs of those people.

The only people who can be as big as them now wont be making their money legally. The only people right now who are almost as liquid as the taipans are in positions of power. Or gambling lords and drug lords.

Now things are sooooooooooooooo different.

very true. iba na ang playing field today compared to 30yrs ago. in almost any business that you can think of, you would compete with one of these taipans one way or the other.

**spiff** · March 3rd, 2007 01:01 PM

Originally Posted by boybi

very true. iba na ang playing field today compared to 30yrs ago. in almost any business that you can think of, you would compete with one of these taipans one way or the other.

hindsight is always 20/20,its always easier to say it was less difficult to come up before compared to times today. But i've seen so many come up today as well and im sure by the time these guys are 60,70 years old they would definitely be richer than all these taipans we always hear about.

look at the owner of ambergris..put up the company in early 2000 and sold it for 30 million dollars. he was probably less than 30... what about the owner of ibank? he came up from no where as well... and got bought out.. but thats a different story all together.

there are so many... you just dont hear about them as much as you do about henry sy and gokonwei.

google owners came up fast, so did lakshmi mittal. opportunities always arise and people will continue to make money out of it. in the 50's it could have been selling shoes... now you have technology, property development, commodities.. who knows what it is in the next ten years.

so are you guys saying that only the ayala's and sy's will get richer in the philippines? i highly doubt it.

**spiff** · March 3rd, 2007 01:05 PM

you obviously wont get rich if you enter industries that are dying or saturated.. but something new ALWAYS comes up.
im sure the guy who lead the market in fixing typewriters 20 years ago has innovated and is doing something else now. times changes.. so do businesses

**CVT** · March 3rd, 2007 01:41 PM

Pawn your soul in the altar of work....hehehe....

Read the writings on the wall......

2001:weathermanf2:

**uls** · March 3rd, 2007 02:04 PM

Originally Posted by spiff

so are you guys saying that only the ayala's and sy's will get richer in the philippines? i highly doubt it.

What is your standard for "richer"? a few hundred thousand pesos richer? a few million pesos richer? Kung ganun, madami nga yumayaman dito sa atin.

But if ur talking about net profits for 1 year in the billions of pesos year after year, i would say yes... sila lang ang yumayaman ng ganun.