Entries Tagged 'Investment' ↓

I was searching something in the internet and stumbled to a forum and saw this article. The posted version in the forum was incomplete so I surfed the internet again and found a nicer post from Qatar Living website. It was posted by an OFW and probably working in Qatar. My hunch is this article was made back in 2006 and already posted on many blogs and forum because it was very good and it struck me, especially my ego. To tell you the truth I’m lousy when it comes to managing cash flow and what adds to that is my spouse is worse than I am and again, what adds to my financial stress is my mother-in-law is with us. But in fairness to her, I’m not the only one who was helping her but also her daughter working in Dubai. Please don’t misinterpret that I consider my mother-in-law as a liability because I still consider her as my own mother and the fact that she was my wife’s mother.

Anyway this article I got was anonymous so I could not thank the author for a well written with a dash of humor about the basics of cash flow. This article can motivate some or might offend others so my advice is don’t take it seriously if it has offended you. My apologies to my foreign readers who don’t understand Tagalog because the article was a combination of Tagalog and English which might not be comprehensible to you.  So without much ado read the article below:

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Filipinos really know how to bargain when buying something on the market. Sometimes we call it price haggling.  But we can’t do that on a supermarket where prices are fixed. I haven’t heard or seen doing it in a department store or supermarket. This is usually done in small grocery stores, tiangge or wet market where customers can haggle just to save some bucks. “Pwede bang tumawad?” ( Can you lower the price?) which a customer usually tell the seller. But is there such thing as a black belt negotiator? the term seems new to me and I read an article about it on the Home Business Magazine website where you can be a black belt negotiator in seven steps.

I just made a summary below but you can find the whole article here. So below are the seven steps:

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Kabuhayang Swak na Swak featured a kiddie savings club last Sunday which seems to be a good training to kids. The name of the club was Batang Atikha Savings Club in Laguna which trains youngsters of OFW’s to save, make a livelihood and to invest. It’s like a kindergarten for entrepreneurs. Children are trained to make handicrafts like handmade bags from coco fiber, beaded slippers and paper cards.

Many parents can’t become a good role model for making their children to become an entrepreneur or businessman someday. Due to situations like we have to stick to a 9 to 5 working environment or be employed eventhough we want to start a business ourselves. Unlike those who already became successful businessman who can easily motivate their children to become entrepreneurs. So idea could be, I think a motivating tool for our kids, and maybe we could setup this kind of savings club ourselves and gather members which can be profitable also.

The name of the company seems very attractive because just the word “SWISS” makes you think that this company is part of Switzerland or a company that comes from that country. When you think of Switzerland, you think of Swiss banks. But in reality this company originates in Malaysia and when it was banned in that country, they continue to scam other parts of Asia and Philippines was included and many Filipino became victims. I guess the saying is true that history repeats itself.

Anyway if people are just very cautious on those scam, I think they will not flourish because honestly speaking, the only weakness people are vulnerable with regards to pyramid scams is “greed“. Those who engage in scam lure people on making their investment earn with high interest and this makes it more attractive to investors. So next time maybe we should consider before we believe on those so called pyramid scams because if what they say is true, those scumbags will invest their own money before letting other people invest. Why will they show other people where the gold can be found? Right?