How to Earn Your First Million?

1. Look for Problems
Yes, solving bigger problems means good business for you.
2. Choose to Solve Problems that you can Relate
In finding a good business idea or work, always start with who you are? What are you existing skills? Or can you learn the necessary skills/knowledge to accomplish it?
3. Find a Mastermind Team
A good support group or mentor will determine your success. Learning from others on how they fail and did it better is a shortcut to your own success.
Example of Million Dollar Opportunities
a. e-Commerce, where you can sell products globally. I am launching my store next month.
b. Network Marketing, one bad apple is not a representation of the entire basket. There are good companies that are reliable and even publicly listed proving that it is legal and ethical.
c. Pay Per Skill – You might not be aware of it but employment is one sample, it could lead to to a million but it might take longer. How to speed up making it? #4 >
d. Be self-employed or freelance, decide what business or profession you want to be very good at. Becoming very good at one area does not happen overnight, but doing it over and over again can lead to you becoming a highly paid professional or the most successful entrepreneur in your field.
Bottom line: Ask yourself are you busy looking for ways to earn or busy making your reasons to stay where you are?

What to Expect in the Opportunities Around us?

The average income per annum of a young professional in the Philippines is Php 250,000 or $5000. Given that yearly you are getting 10% salary increase, a young professional can expect Php 366,000 or $7320 annual income by 2020.

Sad reality, Php 30,000 in 2020 is not enough to feed a family. According to CNN Philippines, to live comfortably in the Philippines a family of 3 members need a household income of Php 100,000 monthly.

Millennials are actively looking for ways to increase their income potentials or to speed up their success. Here’s the truth about it.

1. Network Marketing, this industry is over promising – BIG MISTAKE! People expect to earn big in the industry without exerting Effort. It can over deliver an under-promise result but you need to be consistent in the next 2-5 years. I personally LOVE this.

2. Stock Market. OVER PROMISING and VERY RISKY! You can lose huge amount of money in an instant but you can also earn big instantly. Still this is a very good vehicle for long term growth. Your gain is proportional to the investment. IF you are lucky – Php 10,000 can grow 10%, 20% or even 200% but if you can only invest a small amount 200% of Php 10,000 is 20,000(this is rare but possible) or in 5 years. I also invest in stocks.

3. Real Estate, I did my math – If I buy a Php 5,000,000 property in 2017, can I sell this in 2020 at Php 8,000,000-10,000,000? No, mostly likely it is still newly endorsed. But long term – it can be promising as well.

4. Digital Marketing – Massive social media movement of branding, selling, sharing, value creation or even creating a sales team to talk about a product, use the product, develop a product and be paid in commission, royalty or equity – THIS IS AS PHENOMENAL.


Bottom line, it’s takes time to grow a tree so thus harvesting it’s fruit. But their are huge potentials around you today.

Your Financial Goals at 20’s

1. Begin educating yourself about personal finance. It was scary but I did not also learn to be more aware of my financial literacy. All I knew when I was to make more and more money. But know what you do not really need a big amount of money before you finally become financially literate. Start studying now or else you make money but you can never keep them.

2. Specify a budget. Oh no your friends are traveling too much and some are partying too much and even shopping too much. So what? For me the best advice I could give you is create a budget of how much can you spend daily? weekly? or monthly? If you can learn to create the limit then you are safe from being trapped to a bad debt.

Let them enjoy but hold your own wallet. You should know how much you can spend, save or waste.

3. Research your health insurance options. I am guilty again on this. I remember buying my first Macbook, it was insured and someone asked me if I am insured. Sad reality we want to secure our wants versus the need. My best advise? Make sure not to wait for your 40’s before you buy an insurance. Remember the early you start the smaller you pay and the better benefits you can choose and enjoy.

4. Create an emergency fund.
 You know want their might be a recession tomorrow or next month or I don’t know and let me ask you – any emergency fund on hand? It’s scary right? What if you will lose your job today, can you survive? Save a little amount and be consistent.

5. Avoid credit card debt. I had really bad experience with this and my best advise? Never to use credit card unless you can pay it. By the way I never used credit card for so long now – no obligation and I don’t spend more than what I make. Please do not believe in enjoy now and pay later mentality.

6. Track your credit score.
 Oh yes! I cannot disagree.

7. Don’t forget your retirement account. Just because you have an emergency fund or savings account then no need of retirement fund? No! Save a little and be consistent in doing so.

8. Plan your debt repayment for any loans. Do it! Can’t you just live loan free? 🙂 Ok I got it but please try to settle your loans and as soon as you pay it never to get a loan or make it your last option. Avoid borrowing money or lending money from or to a friend too. Money is money – it can ruin beautiful relationship. So please avoid it as much as possible.

9. Find another source of income. So you are paid well? Good but don’t be dependent in one source. It’s about multiple sources of income. Trading your time over money will never give you the freedom you desire. You can end up losing from inflation and running the rat race for your most sacred bills. You don’t want that right?

10. Practice bargaining. I love to bargain. It’s an art of negotiating. Whatever you buy ask for a discount or ask this – can I find something with the same value at the same or lower price? Don’t be ashamed you are just being smart with your money.

Starbucks have membership card where you can havefree Grande in each 10 transactions maybe time for you to register for that. Try including some deals on travels too – later I will share where or how I bargain for my trips.

You can bargain online or face to face. Try it. It’s fun.

11. Know where you are going financially.
 So sad again, not all people are willing to prepare for that financial goal. Don’t be scared – preparation is better that being surprised by the sky rocketing bills and responsibilities like hospitalization or even children’s education.